 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 On those Wednesday the 4th of October so before I get going here Just wanted to show you the power of the 200 period exponential moving average. Look, this is the E-mini 10-minute chart It went Let me scroll back and look at this pink or orange lines. How do you see it in the in the target TV this? orangey color Look how in the fact I'll squeeze it even more Look how it's been a resistance level for so long I'm just scrolling back. In fact, I'm not sober that'll be the from there That'll be the It's at 6 10 in the in the morning now in the evening on the first so we can go back and back and back Look at what support what support what support and then it becomes a resistance level a support level for hours hours and Then it breaks down and becomes a repellent zone repel repel repel All the way through 5 o'clock 10 o'clock 22 on the 3rd of October Repel repel repel that all of a sudden it pops above it this morning early this morning I was at yesterday yesterday. Yeah, yesterday 3 o'clock 5 o'clock and then it gets repelled to get it a peak E in the chap we methodology keeps trying to get back Come on get back on get back. It's repelled customer. Oh look at this All of a sudden comes back and I said to to folks in the den this morning What's the 42 78 actually now that's at 72 42 76 watch it because it's a magnet level will it become a propellant a Repellent or just a plain old magnet what it was a magnet for From 7 o'clock till just after until about 10 o'clock and this bar right here And now it's turned down sharply and we had 42 62 only down 250 I shouldn't say only because these Turned-downs tend to accelerate, but isn't that nice that you can use it one particular indicator You have to do anything you have to measure you have to do you just visualize and it says whoops That's gonna be it looked like for a moment. It could become a propellant zone magnet zone Repellent zone so the next thing that you see at 42 60 right now is that it's gonna have to be a lot of work not for it to touch the 42 76 level but to climb above and cheat that as support so as it stands right now What we're seeing is yet another weekday the dows down 71 S&P's only down two and three quarters It's just interesting that we've seen so many diverges now I want to show you something that I think is really quite telling whoops, I did the wrong thing. Let me just do this Well, that was the wrong thing. This is the right thing I click here we go All right, let me show you something So as it stands right now, let's use this particular indicator right this this panel. So here we are this has got the 9 period exponential moving average and it's got the SMH is very close to turning pink Hasn't turned pink yet and the estimation is up 70 cents today 143 75 holding pretty well In fact, it's an Nvidia that look it's up the just a 34 cents at 435 45, but it's holding above The price the it's right on the green 9 period moving average in the weekly chart and there's the 14 hasn't taken it out yet Is it going to take out take that out? Or are we going to see one more pullback? the Weekly chart of the it's in the SMH system we conduct the media Maybe flips pink just for a moment and then it goes back like it did right here back to green We can see this is going to be very important, but look at this the S&P yesterday When pink on the 9 period moving average, that's the first time it's done that This is a very brief moment back in just as we went into the January beginning of January So I'm watching this very closely look at the QQQ so close so close, but it hasn't done it and the QNQ futures Also very close hasn't done it so the QQQ right now Straighting up a dollar a 355 point 95 little divergence here with the Dow cyclical type Stocks pulling back some and the S&P is holding much better now Let's get back to our story because I wanted to show you something we'll go through these one at a time So this is the IAI this is the I just broke a dealer and security ETF I believe that when this really starts to pick up to the upside not the downside But to the upside we're going to see the overall market really start to improve But it hasn't happened yet and the dreaded H pattern the lowercase H That goes breaks the left side low and within two to three bars cannot close above the left side High in this case, I think it was about ninety one eighty. There it is at eighty eight eleven and There's the 200 period expansion moving average. How important is that? Very important. Let me open this chart up This is the I shares ETF because each rally is getting weaker weaker, but yet it doesn't break the 200 period moving average This is a daily look how important is it went under it briefly back in March Of 2020 there's a weekly chart. We went along the very day Was it the day over the day after the low at 45 the low was 42.54. You still have that position, but We take a little bit off a little bit. So and I want to see my subscribers get back into this or one of the key Brokeries stocks because that's the big the next big move is going to involve them and it hasn't involved them yet So I wanted to show you this the importance of the 200 period exponential moving average All right. Now there's a bunch of other things I want to do very quickly Don't have spent too much time. This is the Let's go to the gold Gold I was asked about when would be a good time to get into gold I think we're getting closer and closer to a balance in gold the real move for gold I'm going to have to see give the dollar a little extra time because look the gold Um, this is the gold continuous contract the weekly chart 9 is way under the 14 the price is way under the 9 14 and the 200 period moving average the mac these very weak Stochastics at 17 percent pretty weak. I'm suspecting that it goes into the single digits Maybe it'll go into the single digits in the weekly because it's at 2 and flat in the daily That is almost the equivalent of it's it is the equivalent of being at say 98 percent to 97.90 In the on the upside where I always say if it's flat and holding that's what you want to see if you bullish Well in this particular case gold is bearish here because um, it's holding flat at 2 It has that and on balance forms extremely over sold But it hasn't given a signal just yet and that signal I suspect we'll have to have a retest even if it's a nice Popped to the upside. So that's the gold because of silver. Yes. Ah, yeah, we go Uh si is at 21 17 down 20 cents again lousy session It's getting close to the left side low of importance, which is the week of the 10th of march at 20.69 Yes, I will I have a quick look at the e-mini is this going to be the rally that Really takes us back towards the the 42 76 level No, first of all, it could be but you've got it. You've got a surpasses daily the daily one minute charge at 42 70 I like the action here. I like the fact that you've had a measured move from the To the midpoint of the georgia period moving average and back down again Uh, this is important. Howard holds about 42 72 It's going to determine whether or not to contest that 42 76 I think it's a positive I'll be right back puzzle champion does down 40 sbs up almost four If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo brian 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 You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide 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 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 Hi folks, I just had a question about the Vixie index. Yes, the Vixie is now This is a leg seen in which have me but I don't Use that I do the notations always in the volatility index But this is the because it's an emotional thing and it's really kind of leveraged to emotion I don't expect that it because it's got the c right now that it's going to pull back and then go to d I actually happened to think that that's the case in this particular instance that it is going to go to at least a d And that could happen over the next coming days could happen even today Well, today's is a leg see But we could pull back maybe tomorrow and then friday is ugly and then monday is just horrible And then we go to that d It's kind of the scenario that I was looking for but I was hoping that not hoping I was anticipating That there would be some kind of leverage to the upside today To kind of deflect so that we stretch this out. It isn't just one big cascade to the downside We'll see what happens a day is young But in the meantime, I can just tell you this if the Vixie index trading is 16 at 19.43 right now After 2 15 this afternoon if it's pushing towards the 20 22 area the high today is 20.88 if it's pushing towards the the low 20 area 20 20 0.20 or so and the and the dowels then down I'd say triple digits. It could get to be an ugly close I I think there's just enough There's enough wishy-washyness here to say, you know what we don't want to have it all one way We want to have some kind of a balance and I suspect that some kind of a bounce Even if it fails towards the end of the day is is possible here It doesn't have to be all that big but it could suddenly start to accelerate if the dollar Let me go back to the dollar, which is down down 34 ticks in 106 70 If it actually trades today's lows in the one 106 50 area If it can actually get to the 105 92 At the same time the crude oil Was down almost three dollars at 86.39. Oh, man. I was looking at USC the other day. What a night You was a SEO. So SEO SEO Whoa, it's gone from the 16s to the 18s in a very quick couple of days I'm watching this very closely because if we see that and we'll start to see the tlt Which is up. That's bonds up 66 cents now with a horrible chart formation if bonds are able to At least get to a plus one plus 1.20 I don't know about taking out yesterday's High and that was tlt was at 86.65 right now. It's at 85 the highest today. So voice 86 13 That's asking you but much but if it does that then we could see all of a sudden We could start to see that maybe the one it's like an internal low will be made Say this morning or yesterday And then we get the residual low in a couple of days Kind of the way I'm looking at it based on I'll have to show this chart I wasn't going to show this chart just yet, but I showed because it's now becoming more and more important Here's the doubt. This is what I show subscribers every single day I showed the Dow with these three charts three panels The one is the Dow with the 914 and 20 period moving averages and the Chadwave notation in a couple of lines The next one's exactly the same thing I'll just show a little bit because all you need to see is where is it now and that shows you That the 9 the 9 pink 9 is way under the 14 The MACD look at the space in that MACD it is huge And it's still expanding the histograms expanding. That's really not good And the stochastic said Is that 9% 9% And the on balance volume is plummeted. It is trying its best to make a little bit of a turn and it's really struggling He has a 120 minute chart up way up here is the 200 period moving average of 34.274 In the Dow daily it's up at 33 3874 But look at the way this has just come down down down Um, and there's a cluster of support levels right here, which we're going to see if they're able to hold today Um, and then I give a little synopsis of what we're looking at why we're looking at it Have we had any Chapman wave Roman candles or whatever it is that's involved in these particular candles and charts But now look at this There's a there's a midpoint Right here I'll just draw it vertically so you can see so there's a midpoint going right to the high of august the first at 35679 that's where we were short. We're still short The Dow although I still like I keep trying to buy a trading position occasionally It works a couple quite a few times it didn't work yesterday or a day before Let's see if it works today And then it's just for a balance to get just a real quick a bit of a gain and then we get out That was a very small loss, but look at 32,586 on the 23rd of may that low uh, it's right there that low is In exact proportion for the number of bars to the upside To the number of bars to the downside if by what is that date by the six? When is the six is that what say four five six by friday friday or monday? There is another real sharp turn down from here Whether or not we have a balance and when you're accelerating like this with these candles uh selling begets selling Which be a little biblical about this selling gets and look at this have we've inside wedge target support line So it's all coalescing to come together at 32,586 roundabout friday friday Yeah friday And that's using my symmetry the bar symmetry I've had webinars on this my last webinar was really based a ton on this in the nine 14 period moving Average how how you can use that successfully. So right now all the technicals are suggesting weakness weakness weakness And there's a chance that um in the next few days We'll get a test of this low not just this low here Which is a lot of the first of jude, which is at 30,061 But the one that goes all Yeah, 32,000 and then it goes all the way down to 32,586 That's what i'm looking at this can extend it could be very quick could be today Who knows but this is the pattern that i'm looking at all right with that said Um, let me get to a couple of questions that came in. So here we go written down Yeah, so the question came in about the i I bbb ibb versus This is the ibb is the a biotech This is the nasdaq biotech etf. Look how it's taken out in a lowercase h goes to lowercase m and gets repelled to the inside Track repellent zone and now it's taken out sharply this week the low of the week of the 10th of march Of 120.72. All right. We're at 118 So p ph Pph is the pharmaceutical etf Look at this move to the downside a much more than a one-to-one to the downside from the p remember peak d in the chaff wave That's where we start looking to see how you're going to get a serious turn Is there continuation pattern in the upside? This is our objective is always to get you from a Bi signal to a bi mode which says you should go to at least a d When you've arched over you under the 200 period moving average in the weekly chart The nine hasn't crossed negative yet But it looks like it has and this trend line every just a purely a visual trend line with these four handles right here We're about to test the support level right there. All right, so Yes, it's pulling back But i mentioned some time ago that I thought the ibb was much much weaker I'll talk about that and real estate in the ibb market here in the in the boston area came to jim boston Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the Glow 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 forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors Steve rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at tfnn All our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money. Watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Hi folks. So basically what i'm saying is that the ibp seemed to me a lot more vulnerable And if i'm looking around you at the new buildings here in watertown mass right by watertown corner Uh, there was this lot. I think it was mbta the um, this is the transportation department I don't know if it was their property or whatever, but there's huge new building all that whole area Um, all the buildings that have been renovated refurbished and there's brand new huge buildings. They're quite interesting looking building Biotech or biotech and it's happening all over the show and I I suspect that Uh, there's going to be an abundance an overabundance and and Something's going on telling me that when you see it in real estate when buildings become the edifice and the the the icon of your success in a particular field You've got to be a little careful And now what i'm looking at is at the p ph and it's mostly because there've been a couple like murk and Eli lily that have done extremely well Hope it's not ph but p ph that is the etf. That is a pharmaceutical etf and uh as it stands right now Um, it's holding much much better the monthly chart says yeah Yeah, I'm making a little bit of a double top but so far holding okay but I do see lower lows and I keep getting asked about Eli lily and lily seems to me to be um At least a little more time to digest games before we can have it a really good counter train rally I mean a counter train rally because the top that was made it's just under 600 Let me just check what the price was 601.84 on the 14th And again six 601.84 Uh four on eight. I was at eight. Yep. No nine 914 All right, so what we're looking at is it's down at the five almost the 500 yesterday almost hit I almost lost 100 points from that high Um, I think that this is a is a buy but later on. I just don't think it's a buy yet. It's just too much This whole candle we need to get into this candle. Then I think we have to look at it again So yes, um, it's a next question came in um ASPN was that what was yes, so the question here if I can just find I have to scroll Okay, hi basil. Uh, maybe luck maybe experience I close all my ASPN leverage short puts long calls on 9 29 ASPN and I showed this to subscribers the other day because it showed up in my screamer list But I don't really want anything to do with it because it was a real tough one. So aspen aerogels ink so laser They they're into laser sensors thermal insulation I'm using what waste management everything that you'd ever love to see in a stock in this particular environment It's there But it had this beautiful cup formation is screamed up to that e which is above the left side lip of august And then went even higher ASPN is the symbol And then it made this leg f and then I said, right We've got to be careful. It failed to get to the 200 period moving average The unbalanced one gave a nice turnaround signal. And what date was that? That was 9 29. That was 9 29. Oh Then very good. Perfect. And now it's trading from my that was made at about 8 98 was it's 8 79 or something 8 79 is now trading today's low 7 13. That's a huge tumble So what I want you to show this stock to say This is one of the few in the area in this kind of sexy area of everything that you love to read about How it worked so well But others in that area that I know of didn't do anywhere close in fact There were two lower lows and now what we're looking at is Hold off because now it's stuck in the range. So the question would be where would you consider going back in? I would do the same thing that you did before it starts small just nibbling I'd probably use options just at first But I would wait I'd wait for this whole area right here between six Six fifth about 663 and probably 647 Let's see if that can be hit and if we can hold if it goes that far down Then this entire move up has been negated and now you have to wait for another story And then read your chart says, ah, it's just an h pattern going through the second h The lowercase h goes to a lowercase and nothing to see here until we hit that lower level Which is in the sixth area, but me down. Let's just see what happens I wouldn't rush in after such a big move now the question came in. Whoops Um, are you looking at where would you look at to turn around in the market today? what what I can't I haven't got time to read it. What what what indicators would you look at? Well, first of all I'd look at the crude oil I'd look at the t bonds and I'd be looking at the dollar And if all of those come together and the reason why I said we're going to go back in to a little bit of an aggressive position Is we want some kind of a short term game where we can either take profits or raise the stop or both And then we'll see what happens because I think that that volatility index yesterday Well, I can't do anything right now. Can I now I missed it there right there when that nine crossed positive was a good entry point 42 62 now you had 42 69 holding off the 200 period moving areas But I think that this is the mood Is it 10 past 10 20? Yep. It's 10 36 So what you remember 10 20s where I always say that's where you got to watch the move after 10 20 So we went to yes 10 20 on this e-mini was right here And we kept coming down and now we're above that level that says now There are a new bunch of players in the market. They the ones that have watched everything or they've already done some trading This is a new mentality. That means that this low here of 42 54 42 40 42 54 on the e-mini is sacrosan a close below that says oh man That is horrible action So as I see it right now This is the cusp of the turnaround and what I would do is I'll do it right now I draw in from that left left side lip to this right side I draw in the two patterns one is a single leg a up failure pattern Which I don't think it's doing and the other is a cup formation with bar symmetry as I showed you on the As I showed you a little while ago on on the dow So this is the I'd go to that midpoint right there. I'd move it to the right Like that and I would go To there and it says by 1045 there should be an attempt to get to 40 277 40 278. So what is it? 42 76 remember I said this 200 period moving average is going to act like a magnet all day Well, maybe we're moving up to that the higher we go away from it after this particular early morning I I call it a collapse because not so much in price but in mentality Says oh now you can start to see a new bunch of players All right, and that's all it's just an intro day. It's not even that it's more like an intro a couple of hours play All right, let's go back to our story here. I don't want to get too deflected. I love to show these patterns live Okay, so as I said, we've already covered that question a couple of people who asked me about tesla Could I I've spoken about tesla before as being the apple? of this particular Era why because apple was cutting edge technology and then With jobs it was just I mean visually even today with all the stuff they've done, but it was so So brilliantly orchestrated To get everything I'll talk about that in a minute because you can't get an apple product Until you get a speaker that is perfect and tiny that you get a microphone That's perfect and tiny they gloss that doesn't shatter and they eventually did that So I think that tesla is in that area right now. I'll talk about it 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 o'brien 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 cell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk subscribe To tom o'brien's gold report newsletter now at tfnn.com Are you ready to take your trading to the next level? Introducing tom o'brien's award-winning newsletter market insights your key to successful active trading tom o'brien 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 inbox Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30-day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com Right now to join the thousands of traders who have already experienced the power of tom o'brien's award-winning newsletter market insights firsthand tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech today An investor should consider the investment objectives 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 prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz So, uh, I had a question about uh, then micai. Oh, let me just show you this. You know, I drew this in while we were on air I hope you saw it I I drew this in and I I said, uh I don't even remember if I was talking there's a left side right side price time match And it should try to get out if it's going to do that But it should try to get I'll put an x in here Uh x and I'm not going to put an x in here Just this is the this is the pattern that I was looking at right here We've missed it so far about a couple of points But then flattened stochastic and the mac d is all very good And it's gotten to d remember the objective in the chamois methodology go from a buy signal to a buy mode Hit you to a d and yes your leg d still an egg d you've got a whole minute to go before it gets cancelled So we'll see oh there it is that is a peak d can it pop one more time to get to the left side high we'll see Anyway, the future's up 725 I love to do these patterns Uh, and I try to do them as as I as I'm trading because it just it helps me think it through Visually and physically Okay, so in the meantime back at the ranch, uh, let's go back here So yeah, the nick I I don't share with the question is oh did I finish tesla? No, I didn't I got distracted tsl. Let's just do that. Let's go back We'll come back to the nick I which is right on the 200 period moving average in the continuous contract Yeah, so I think that tesla So the maturity of apple Means that tesla is still I wouldn't say baby. It's kind of a teenager right now So it's at this point where certain parts of it want to do things that worry the parents Um, and at the same time it's building an infrastructure for itself a way of thinking I mean once you're a teenager you're you're thinking that that that's your thinking So I think that tesla see in the middle of the range in the monthly chart did the one to one from the 449 November of 2021 Down to the low. I think it was maybe january of about a hundred And that and that was Where we saw that very nice move. It's in a at a peak b It's still a great peak b because that's the cast the gas and gone to 80 percent It's a 73 percent So within that context what I am going to say to you is that I I like it now This is for people to have a kind of a portfolio that um You're trying to build I wouldn't even say a legacy portfolio meaning that you're able to hand it over to your kids I can excellent for people in the 1900s. They used to hold them. I still have some people that I'm that Wanted to still the subscribers who had excellent given to them as as Inheritances and they've kept it in one one One person that I actually worked with a long time ago in one of my my one of my webinars Had excellent. I said if you're a little nervous about it Why don't you use the dividend to use as your tool for the market? But keep your ex on the core ex on I mean gives you dividends is fantastic. That's the way to do I I'm not sure if she still has it but that that would have been the thinking there So as I'm looking at this what I'm saying to you is that This is a different category very short term. It's just stuck in a range It's stuck in a market range and it's actually done really well when you think about what the market's done and what tesla's done So looking out for a couple of people that's uh mentioned tesla What about this is your core portfolio? I would put somewhere if you haven't got any at all I put some of it in my portfolio and believe me. This is the one where you There's nothing that you can say put it in and don't worry about it But put it in and only monitor it every three months. That's the way I would look at tesla I I think that they've got I mean they the leader in the field There's going to be a lot of competition But the leaders usually stay leaders for quite a while. Not only that they've got this whole Venture that goes into the electrification The grid and everything else So I I like them and that's what I meant by the apple because apple then changed the product to become a monthly residual With fees that are paid for different things Tesla's going to figure that one out. I like it on a very short-term now a basis Um, if you're looking for a trade, it's up with seven almost eight dollars to 254 Yeah, as a trader and I'd have a stop of about 10 points If you wanted to get it right now I'd have a stop of 12 points But if it moves another six points to the upside I would make that I'd raise that stop A little bit disproportionately as a trade. This is just an intro weak trade, right? But as a looking out position I I would just hold off. I'd like one more test Of the 230 level the 200 period moving or close. I prefer it doesn't even hit it close to the 230 level And then we'll see what happens. So that's that's Tesla So two three different ways of looking at it one is a very long term if you don't have it You can put it into your portfolio Nominal position just because it's part of your portfolio And you want to be building this on the next big move in the market that goes up Tesla should participate second one is just Intro weak if you got it right here at 254 I'd have a fairly tight stop and I'd have a trading stop because It's it's a very short-term trade and then looking out as a weekly chart. What would I do? I say wait All right three different things. So that's all right. That's Tesla. Okay. Now we can go to the Nikkei So Nikkei is pulling back Down to 90 today 30,495 right on the 200 period moving average I don't think we made a peak d and the last move up Let me just see this is there's your starting point Uh, could I yeah, I could I could go to an up arrow Because it did go to above 80 percent But look what happened a b See and then the stochastic failed to go over 80 percent and that makes me nervous always So this buy signal would be negated And it was negated as it took it out in the arch formation So and then looking at the week knees at the low always scroll back to see that you could I always scroll back Enough to go to the exit look right on the 200 period moving average. This is in 2022. There we go peak a peak b peak c Wow And then a that's your starting point. So this is still an a that is a b and that is a c And then you're finding at your d And then it goes e and then it stalls From e and now I can put it down arrow because that is The dreaded h pattern once dreaded h pattern twice dreaded h pattern three times and look at that. So yes, nikai be careful because um, I suspect Like the other indices that took out the 200 period moving averages It's going to go a little bit low. Where should it stop? That's the big question for me and I would just say that nikai at this particular point has been in his own orbit It made a new multi year. Let me just have a look at this. Yeah multi decade Multi decade high Why right there? I'm looking at the chart that I hand charted a bit I think that is that the nikai that I've got there or the dow Um, I fold it all up a huge piece of paper because I actually put all these Pages of engineering paper each page together because we reached such a high level What was it 29,000? I can't remember anymore. Um, okay, so what we're looking at here The high that was made in the continuous contract of 30 Oh like the dow I 30 890 and the dow right now is 30 2008 90 is a thousand points lower. Isn't that interesting? Here, so it's starting to pull back with the monkey chart has to give any signal yet The weekly chart has to say I've I've gone to a sell signal I have to try some And this would have to give Yeah, there's your pd now your baby. Oh just rotate me. We're talking to y'all You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 Tfnn has just launched their new trading room the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o'brien and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com 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 So I can't believe I did this a few days ago I was asked about ccj because we have uc in the uranium area And said fantastic gains when I say we've got to be taking gains off We've got to we've got to be doing something So ccj I said it's made I've got an alternate count I said at first I think it was last friday I said everything about this is likely like the crude oil that that pc is an alternate count And if I use my chapter wave instant restart, there's a chance that this low right here Will become a target to the downside and that's right at the low of 35.90 On the 5th of september So this particular technique is a really unusual one It's called the unconventional flat base restart and I typed it in I said unconventional flat base restart to 36 And we were up here and I said everything about this just like let me show you the crude oil Look crude oil I have an alternate count Which says it's a chance that we can come all the way back to the 79 78 area, right? So it's exactly the same thing and look here at it and I forgot about it And then in the den we have piki saying You turn in this in the uranium and here it is that was the low and today we went below it We made we're down 35 18 we went to so this is a particular technique that I use only rarely Because it doesn't show up that often but it's from this instant restart that I discovered decades ago It's an amazing tool. I just I never believe it Until it works unless oh my god. There it is. Anyway, so let me just do this for now The dow is down a hundred and four. So this is a really important session Because we've taken out yesterday's low And that just says to me that we're getting closer and closer to the target that I have on 32,500 And that should be mentioned in a couple of days, but the VIX index is really what you need to follow this As I said earlier on that the VIX index starts to get back. Thank you just over 20 And the dials down to prevent it and that's that's going to make for under 12 years It's really important the next hour and a half you need to some kind of rebounds of the dials only minus 40 when we