 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. Hi everyone, this is Basil Chapman. This is the Tiger Technician Hour and it's my pleasure to be here. We're looking at the Dow Futures. This is going to be the 8 a.m. show. I had it changed schedule at the last minute. So instead of noon time, I usually do my show. This is, in fact, the 807 show in the morning Eastern time. So let's get to it. The Dow closed at 26,656, about 300 points off the all-time high. We're looking at the futures up 43 right now. It's going to be very interesting because the technicals are still quite strong and it did close above trend line resistance. And what I've said to subscribe is an opening call. We'll watch it closely because at 12.45 today, if the Dow is down 30 points or more, I would be looking at a fairly weak close. If it's 40 points or more, then I suspect that we'll be going higher. And then we're looking at a chance that the S&P, which came with the spy, actually was within less than a point of the all-time high. Chances are that the Dow will follow now rather than later. So we're looking at this. Is it divergence between the IYT, which is the transport? We'll get into that. I just wanted to show you that the E-mini right now, let's see the ES. I'm going to go to that one. Yeah, let's go to this particular contract right now. This is the right there. That is the June contract trading at 2937.25 down 75 cents. The high yesterday, a breakout of this oval pattern, said that the high of 2939.75 is going to be key today's high so far. 2939.75. So we're going to be watching this to see what happens. And I'll tell you why I think there's something here that says, we've got to be on the lookout for some kind of reversal really soon, is that the SMHs, the semiconductors, did have a nice push to the upside to make a new recovery all-time high in leg D in the Chapman Wave at 118. What was that? 118.87, I think it was. 118.89, trading right now at 118.59 cents. Texas Instruments came out with earnings. And I was doing Tom's show yesterday at 4 o'clock to 5. And I mentioned that the result of Texas earnings announcement was that it was up five points. But if overnight it started to fade and there was a downturn, that would suggest to me that we're finally getting some repercussions of what we're seeing in at least what I'm hearing all the time about orders not being there, that most people in the business are saying, wait a minute, there aren't enough orders right now to be talking about all-time highs in the semiconductor index. So there's kind of a disparity there. And how does that get resolved? My suspicion is that the semiconductors are telling us about future earnings. Maybe the third quarter is where things really pick up and that we might see a pullback in the semis while the orders start to come in. And that could happen anytime in the next few weeks. In the meantime, back at the ranch, you've got Texas Instruments on Tuesday after the bell. You've got a LAM Research, L-R-C-X, LAM Research coming out this afternoon and it's trading at 194.78, way under the all-time high of 237, I believe it was, 234.88 back in August of last year and dropped really sharply into the 122 area in December and now trading at 94.70 points. You're going to expect some kind of a pullback. Leg D in the weekly chart. I'm looking at this real closely because if LAM Research comes out with just a blowout order that they had last time in Fabulous, I mean, what they announced was that they had organized their cutback so that they were ready for the cutback. So I think that it was an optimistic outlook based on a very negative potential and the earnings were a little bit better than people thought, so it really ran up and they had a big buyback. So now we're looking at it and saying, if any time in the next few days LAM is trading at 198 to a new recovery high, but instead up four or five points, instead it's down four points, that's going to be a big negative and then you've got this incredible Xilinx. Xilinx in the semiconductor industry, XL and X trading at 137.69 right now as I'm speaking up 54 cents pre-market and an all-time high spectacular move over the last four months, over the last quarter where we announced earnings before and they were spectacular. Let's see what happens here because let's face it, if that is a blowout, another one, now this thing is just going to scream into the 144 area, but right now I think there's a chance, it could be a little digestive phase. So I'm saying that semiconductor is going to be the big clue for us together with the XL, XLK, that is the S&P Select Tax Spider Fund, all-time high as well, trading pre-market at 14 cents at 78.99, all-time high, leg B only in the monthly chart and the weekly chart, that is really good action. That speaks to an amazing 2019-2020 coming up, if this is really just a leg B in the weekly chart and a leg A instead of an F in the monthly chart, that would be absolutely incredible. I suspect that we're in for a bit of a pullback, a little bit of a draw down here. We'll see. In the meantime, let's go to the other indices, the QQQ NDX 100 pre-market is up 28 cents at 19.59, all-time high, leg C in the weekly chart, very good. If you look at the gold, I just wanted to show you something here. Gold is trading up $1.50, higher low than yesterday. So this is going to be quite important because the stochastic is at 9%, it's turned up a little bit, on-balance volume's tuned up a little bit, the MACD is still very negative. I wouldn't be surprised if there's a bit of a balance here and then we come back and do a retest. Let's face it, this uptrend, there's a little mini up channel that I call the Chapman Wave inside track, support line, propellant line. We broke under it yesterday, the gold continuous contract broke under it, has closed above it. This is really important, the close on Friday, below 12.68 would be very negative. So I'm watching this very closely and I'll tell you why. The silver, look at this silver chart. Very ugly candle yesterday, but closed not too bad. And this morning it's up 0.03, at 14.83. That is the technical, the technicals here are way better than in the gold contract, but it hasn't really helped silver because it keeps making lower lows. And the weekly chart is still very, very poor technically as is the monthly. That means we can go to the dollar and see what the dollar's trading at this point. The dollar is up 10 cents at 97.69. Now that it's gone into the 97.60s, 70s, broken out for a leg. Dean the weekly chart, monthly chart, and now it's in legs C finally with very good technicals. I like this. And look at, let me just blow this up a little bit. Look at the weekly chart in the middle here. Daddy on the left, weekly in the middle. On the right is the monthly. Look at that. The bank is just cross, finally is cross positive after the December high. I'll be back to talk about it in a moment. The Dow futures are up 44, and the S&P futures up 25 cents. The Taz profile scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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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 six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks. So, we're looking at the mini here, the 5-minute chart shows it made a peak F in the Chapman wave right there, 29, 39.75 early this morning. That was at about 6.30 or so. Pulled back to about 296. Now it's bouncing. I would just say this, if in the afternoon show at 12, we are now at 18. So, at 12.18, if the E-mini is up about six points, I would have to say that's a really good action. If it's down three to four points, that's just gonna say, you know what? I think we had a good move yesterday. Now there's a little bit of a retracement and we'll see how that plays out. And the earnings this afternoon, there are just oodles of stocks coming out. Let me just see Dave White post to that earlier on. Let me see if I can get to that. I'm going to look at it right here. Okay. We've got Northrop Grumman trading NOC. Look, NOC right there. It's up 20 cents to 92 ABCDE. It's in leg E. This is a nice balance for the defense area and we'll see what happens with the others. I just want to mention that Boeing is up six dollars right now at 380. It's got the lowercase H that goes to the lowercase M pattern that should sort of fail very soon. That's the way I'm looking at it. I just wanted to go back to the dollar just to say that this is very good action right now. Up nine cents having broken out, but it needs to close in the 9772 Ohio area on Friday. I prefer actually to see it close at 9810 Ohio and that will be very good action. So far it's good, but not great action. So, and you can see the magnies just turned up in the week. The stochastic is nice at 82%. I prefer it in the 90% area. The data is struggling hard to recapture the upside momentum that it had before it made that high of 9752. Back, I think it was around about April the 1st. And if you look at the Euro, EURUSD, the Euro dollar currency pair, very weak action, 1.120 right now. It's turning down a little bit, but it needed to be after that Chapman Wave Roman candle of yesterday. Let me just explain what this means. Let me expand this so you can use this as a technique. You see this candle right here where it opens, makes a tiny little wick and then it drops sharply and then it closes 50% off the low, or maybe sometimes a little high and it looks like a Roman candle. My technical, this is something I developed a long time ago and it seems to have worked very nicely a lot of the time is that if there is a trade in a shorter time frame, okay, this is a daily chart. So the 120-minute chart, it says if it stays there for about a certain period of time, a short period of time, and it goes halfway into the wick, in this case it would be 1.121. If it does that, there's a real good chance you're going to test the low or probably break the low of the previous day's candle. In this case the low is 1.119. So we're watching that. That's the one thing. If you look at the USDJPY, it was trying to rally, but now it's kind of stalled. Hasn't made that leg D in the daily. It's at 111.82. This is the Yen and he has a very successful reversal of a Chapman River Roman candle in the weekly. That was December. That was going into the week of January the 4th and all it did is it refused to go even close to the halfway marker and it rallied very nicely. Now it's got a D in the weekly chart holding very nicely. The weekly chart is improving. Monthly chart is quite good. So we'll see if the Yen is able, the Dolly Yen currency period is able to get above 112.17 for a leg D in the daily. So those are those that area crude oil should be pulling back surely. Pull back a full 8 cents at 66.23. This is really good action. That 200-page moving average in the weekly chart is 65.20. It's gone above that. The week is still young, not even halfway through the week. Let's see if it can close above 65.20. I like this action. It's also a good economic bellwether because it's saying that in the context of the economy, crude oil is being needed and I like that. So now let's do something else here. Oh, catapult is coming out today, huh? That was catapult. Let me just see. Catapult is one of my dark quartets. Catapult is down three. And 138.84. That could impact the market. Made a peak E in the daily chart of the daily chart of peak E at 144.77. And now it's at 138.84. So it's catapult. IBM is trading up 36 cents. Really not a very good looking daily chart. Weekly chart is not too bad. Monthly chart looks terrible. It's at 140.80. Triple M had a pretty nice day yesterday. Triple M trading 219.50. Could have recycled. Maybe that's an F slash C or B. So we're going to be watching this closely at 219.50. If it gets to 222 in the next three, four days, that's going to really help the market a lot. And so is UTX, which had a fabulous session yesterday. It had a gap up, but then it closed with a long-legged doji. And now it's trading at 140.02. If it closes, if it goes underneath yesterday's low of 138.88, that's going to be a handicap to the market. So far that's, it's key to be watching that. Weekly chart is very good in leg B. Okay, now we're going to look at, Hogg came out with earnings yesterday. And I guess, let's see, Hogg is Holly Davidson. Not too good today. It's down 103 pre-market, 37.89. Let me do a couple of other things here. I just want to look at high-grade copper. High-grade copper is important. It's holding quite nicely at 2.90 in this sideways move in the weekly chart. In fact, I'm even going to put a rectangle. Sorry, I'm going to put in an oval pattern. And that says that if there's a break into the threes in the next, what should I say? Oh, it's already in leg D. Yeah, if there's a break into the threes in copper. I would say that's good together with oil, together with W-O-O-D. Where's that? That's the ICS Global Timber and Forestry ETF. I typed it somewhere. Oh, there it is. There it is. It's been pulling back. It's not doing all that well. This is the global. So I want to see the global Timber and Forestry ETF. Wood, W-O-O-D, trading at 63.55, up in the 66s at some point soon, rather than the under 61.50. That would be quite negative. I want to see a high-grade copper jumping to the threes. And I want to see a crude oil, hold the year. It can have a pullback, but hold the year is quite good. Based on just economic activity, Boston Scientific came out with earnings down at $1.59. Oh, that doesn't look very good. That's got that arch formation. Had a nice session yesterday, but now it's giving it back to 34.30. I made a new recovery hide in the 41s just last month. Yeah, let's watch this one closely. This is part of the group, the medical technology group, because the IBB, which is the Biotex and Nasdaq Biotex, it's had a tough time, a really tough time, trading at 106.80. All right, we'll be back. I think, did I get a message yet to say that? Let me just check. Oh, we've got 50 seconds, 48 seconds. Let's do this. It's very important that I cover as much as possible. TLT. The TLT is trading at $1.2310. It's up $0.53. My suspicion is if the bonds, if money comes into bonds flowing out of Cisco stock start to pull back over the next few days, you will see the $1.2380 to $1.2420 area hit in the TLT. But if it slides under $1.21, money will stay going into stock. Let me have a look. Oh, we've got some earnings coming out as well. I'll talk about it in a moment. Ciri is one of those. I'll be back. Basil Chapman, this is 8.26 in the morning, replayed at 12.26. Since 1984, Basil 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, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in 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, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. 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The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. 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 the Think or Swim banner on the front page of TFNN.com We're looking at the XLF at $27.39. That's the S&P Select Financials ETF and it is, it needs, for my work it just needs to get one little pop to the upside $27.47 for a leg D but it's very close to the MACD is still very strong the stochastic is very strong so the support at $26.95 should be very good over the short term. This is a positive let me just double check on those semis now we've just had some report must have come out at 8.30 I don't know what the result is yet and so we're looking at 118.60 I had my subscribers going short two days ago was it two days ago and we got taken out yesterday and but I'm still thinking that the semiconductors are going to be really bad news to do that I'm also looking at where it was I was looking at during the break yes so in terms of earnings releases I'd mentioned Siri and Siri I don't know if it's a different brand I don't know if it's a different brand but it's a different brand but it's a different brand but it's a different brand but it's a different brand but it's a different brand and so I don't know if it did come out says what time does it give a time let's just check that out No it had times earlier on okay so as I'm looking at a theory track right now is trading down teaching sense bit is on right on the 200 period expansion moving average area. And a lot of the cars come automatically with Siri, with the Sirius XM-Satellite Radio. And I'm thinking that maybe, but they have a terrible business model. I have Siri in one of the cars, and I called him up and I said, wait a minute, what's this new charge, $24 something or other. And I said, oh, that's a new, I said, I hardly ever use it. I'm not interested. Just get rid of it. I'd been told by my friend that you can get it for like five bucks. You just have to bicker a little bit. So I said, okay. And the next thing I said, hold on a minute. I'll talk to my supervisor as if he had the script all there, I'm sure. So he waited a few seconds and he came back and he offered me the deal. So I got a really good deal. I think it's worth it for that amount of money to be able to have it when I'm on these longer trips to New York and back. But at the same time, there's so many other channels that you can get these days. But I think that's Siri. This something's wrong. It's been stuck between 640 and 550 for a very long time. So maybe it is the business model, because they're really kind of sloppy with what they do. I don't know how they're going to tighten that up. But I'm looking at it. We had it once and then we got out of it and I've never been back. I've been just looking at it, wondering why it's stuck in a range. Maybe if it pulls back again towards the 550 area, it'll be good for another pop in this rectangle formation. Just trade the bottom to the top, bottom to the top. Don't have to even short it, just wait. So that's what I'm looking at there. Next thing is that I want to talk about the where was it? It was SWK. As I mentioned this, I've just been doing so much work trying to get my newsletter out as well. Up 6.55, 154. SWK is standing back in DECA. That's tools. That's a good sign. Another good economic sign. There are a lot of good economic signs. And it's made an all-time high, 176 back in January. How many stocks have been in indexes? Have we looked at new stock exchange high in January or last year? Never got back in the bounce that the others, the Qs and the Dow and the S&P made new recovery highs and new all-time highs, in fact, inch a year and then plummeted back in September, October to the December lows. But some areas like standing back in DECA never did that. Now it's in leg B in the monthly. Bag D hasn't crossed positive yet, but look at the weekly chart. Bag D is strong in leg D. This is going to go to a leg E. No, it's going to extend leg D. This is the same week. So it goes above a doji count with a good close. That says that the support now is the doji close, which is at last week was 145.74. So that's going to be key support on the shorter term. Very nice action. So that's a good sign economically. And we're looking at Edwards Life Sciences. Did I mention this yesterday? I think I did down to $1.98 and $1.79, made an all-time high last month. And now it's pulling back a little bit. Just a big digestive phase. Six, I spoke about this I think yesterday. Six is coming out with earnings. This is Six Flags. You would expect this is the season of jolly. This is the season where you see Six Flags do usually. That's where the business is in the summertime. And it had, I don't know if that's an all-time high, but the high was 73.38 in June of 2018. Drops a little bit, goes to the 47 area. 46.68 was the low in December. And now it's trading at 52.30. It was at 52. Ah, closed at 52.37 yesterday. And now it's up a point and a quarter is at 53.51. Nice action. Monthly chart does not look good. Weekly chart does not look good. Let's hope that this is now the start of a new move. This is leg D. So let's do this in chapter A methodology. We've got the low there. Yep, that's the low. And we go from there to the first peak. There's your peak A. Higher peak is right there at peak B. Higher peak is there at C, then at D. And this is leg E to the upside. Hey, this is good action. So even if it pulls back and digests, maybe Six is something to keep your eye on. I'm going to make a note of it in my book. Six is something to keep your eye on because you've got the whole of the summer to go. Let's do that in the circle. There it is. Just keep your eye on that. This is good action. And finally, Six Flags Entertainment Corporation. Oh, I didn't mention what it was. Six Flags Entertainment. So they have those fun fairs and all. We'll be watching this. Okay. Next thing I want to look at is within the context of the overall market, I wanted to get a feel for how HAC is doing. HAC is the cybersecurity trading at 4119. Oh, all-time high. Just a few days ago, five days ago at 4145. Leg C in the weekly chart and a leg, I don't know, G slash A in the monthly. This is really good action. So if you're in it, I would just say congratulations. But if you're not in it, I would wait for somehow or other. There should be a pullback at some point into the low 39s. Between 3920 and maybe 3780, somewhere around there, that's where I would like to look at it for an entry point. So a couple of things that I wanted to do is just to show you here, pre-market, we're looking at the E-minis up only, now it's down 50 cents. 2937.50. Made a double top. I love this pattern. It's a pattern that I look at very often. We call it in the chapter of methodology. We call it the drop bucket formation. It's a double top. It just looks like, there you are. It looks like a long arm of the backhoe. There it is, a long arm of the backhoe. Make that, there you are. Cover it in. Make it thicker so you can see it goes up. It makes a cup formation and then it fails right at, where does it fail? It fails right, let's make it weight, thick. And now you can see exactly what I'm looking at. Style one and color is now blue. There comes the break. By the time I finish the break, you'll see there's the drop bucket pattern. Double top, pull back. If it goes one-third to a half of the lip to the base, there's a good chance it's going to test the low bar. There will be 2936.25. There's a 2936.75 right now. I'll be right back, Basel Chapman, Tiger Convictions Hour, pretty long. 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 first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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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. 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 for the latest market information. Hi folks, so we were looking at this E-mini, this is a pattern, this is like, there's a move that bumps into resistance all the way up straight line. And then it makes a cup formation, retest tries to make a left-side, right-side price time match, which means you can find a vertical point that I call the plum line, it has an equal number of bars on the left to the right. And then it tries to get, this got the, in a shorter period of time, couldn't break above the 29, 39, 25 level, hit it twice, 29, 39.25 once, and then again at 825, and now it's pulled back a bit. And that's the rule of thumb, which have a methodology that should be maybe even another cup formation. Or if it takes this out decisively, there could be a one-to-one downside. At any point during the day to day, we're at 29, 37, 25 right now, just down 75 cents. If there is a two out of three 10-minute bars consecutively, a close below 29, 34, there's a real good chance that the 29, 32 low that was made right here, 29, 31, 75, made it four o'clock this morning, it's going to be tested, and there'll be a weak close. If for any reason there's a rally and you can get to the 29, 42 area, it's about five points higher and hold there at about 12, 45 this afternoon, during what I would be doing is my normal show. This will be the rebroadcast of that particular time, exactly now, in exactly four hours time. Is that correct? Three hours time. Three hours, eight, four, nine, nine, nine. Yes, we are looking at the E-mini up four or five points. I would say, you know what, it's probably going to close pretty nicely, but if it's down three or more points, it says, hey, hold on, it's going to have a tough time closing positively today. All right, enough with that. What I did want to look at was, question I had was, could I look at where to go? IYT is the transports, and the questioner said, what's with the transport? Some of the truckers are lagging, and not all's well. In other words, there isn't a confirmation yet of the same proportion of rally and the transports, as is to the Dow, as kind of Dow theory. And all I'm saying is that there's been a really good rally in the IYT. Yes, we are long for subscribers from the 186 area. It's 198 right, 198 right now. I like what I see. I think it's very good. It's trying to hug that 199.09 area from way back here, this peak, the week of the 7th of December. I like what I see, and I think that this is good action. If you're looking at, what was I looking at before? What was the UNP? I think it was UNP. Now it was the other one. So this is Leg C for UNP. This is United, Union Pacific, Union Pacific trading right now at $1.77, up $0.27, $1.77 round number. And it's only in Leg C in the weekly chart. It broke out. And this moved to the upside. I'm going to call it a G-Slash C. I like this very much in the monthly chart. So that's good. The other one I was looking at was SC. I forgot what it was. I'm sorry. I was looking at it yesterday. It came out with earnings. I think I wrote it down. I don't have it right in front of me. It was the other, I've got it written down. Let me find it. Is it here? Is it here? Is it here? Is it here? Oh, Facebook comes out today. Let's look at Facebook. Microsoft as well. Oh, NSC. That's what I was looking at. NSC. Northern Suffolk. Northern Suffolk. Northern Southern. Made a high of 208 intraday. Oh, overnight. Yes, it's up 6.33. That's going to help the transports again today. Doji 201.67 leg E close yesterday and now spiked up overnight. Yeah, that's really good. I like the transports. I like what's going on. Let's just look at Microsoft. Microsoft trading at up 51 cents and 125.95. Leg D in the day. Leg D in the weekly. And leg F slash B in the monthly. This is all-time highs. It looks really good, but everything's priced to perfection. So yes, the MacDegas cross-positive statistics at 95%. All I'm saying is that if Microsoft comes up with really good earnings, not only is it going to help the Dow, but it's going to also be very positive for the transports, sorry, for the transports for the XLK sector. That's the tech sector. And I'm looking at this and saying, okay, new all-time high breakout. What's the worst case situation? Well, the worst case situation is it takes a breather and it retests the 122 to 120 area over the coming three, four weeks. But so far this is very good action. Let's see how it closes today. And the other question ahead was, there it is, there it is, there it is, there it is. Tesla, oh, Tesla comes out today or tomorrow, down $1.35 or $2.62. Oh, man, they have problems. And he keeps making these statements that are just a little far-fetched. He can't do all these things. A million cars, he said something about that, coming in with fully automated. I just don't see that. So Boeing must have come out with some news today, and now they're up 3.5, they're up six-something, other up 3. something. I'm going to be watching this closely because it seems to me that Boeing has a real problem here. And it could be cut back in orders, whatever it is. This is the first time we've seen that. And I spoke about this before, about Boeing have this Chapman wave, stalk leg formation, the leg, the body, the beak, and it went to a leg D in the day in the monthly chart, the clothes underneath the high that was made, the all-time high that was made last month before the terrible news to crash at 446.01. I'm trading right now at 377. I just don't see it. I think it's stuck for a while. I think it will be back because they always get things right. But in the meantime, I think there's a problem. There's an H pattern that if it trades on a weekly basis underneath 361, let's say 359, if it closes any week under 359, that's a problem. It means you've got time and price in the consolidation for Boeing. The next thing I was going to look at was for today, there, oh SAP came out with earnings SAP. SAP is trading up 10, almost 11 at 125.75. So it's at, it's almost going to test the V-shaped formation, the all-time high that was made in 127.16, just in September. What a spectacular move. One, two, three, three horrible months down to the 95 area. Was that round number? 95? 94.81. And now it's coming back. That's amazing. Okay. And I'll look at Lulu. Is that a question? Yes. And Lulu, would I look at Lulu? Lulu. This is a leg D in the weekly. The E in the monthly is trading up $1.12 to $177.90. It gapped up. Now I love when stocks gap up like this, like it did back on the 28th of March. One day it's just trading there, 2020, 2020 at 143.88. And the next day with earnings and all the rest, it comes out and it has a low of 166 and it goes to 171.45, makes a cup formation, takes out the previous high, makes another cup and now it's trading in AV. This is very good action. 176 Lulu looks very good. I'll talk about a little more when we get back for the final segment. Basel Chapman type of conditions hour. This is the pre-recorded show. This is just before nine o'clock and the futures are up 16 in the gal, down 50 cents in the S&P. 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Then hit Watch Tiger TV for the latest market information. Just for this last section, we finished with Lulu. This is Lulu Lemon Athletics trading at LULU, trading at $177.90 up at $12. In the weekly chart, there's a Chapman Wave Cup and Ladle breakout. That means that it doesn't stop for the little handle. It just goes right through. That's always very powerful. It says that you should go to at least a D. You can go even higher. That D right now is right there at the Chapman Wave inside wedge resistance line. I suspect that it's going to go a little higher. The big question is, what does it do when it retraces? When it retraces, it invariably likes to test the breakout, which will be $164.79. But it doesn't tell you at time. So far, this is very positive action. So Lulu Lemon is very good. Just on a short-term basis, the daily chart says, yeah, there could be a little bit of a pullback, a shorter term $177.90 right now. You could see a pullback to the Doji Canal. So you could go to $173.00. So we're watching this one closely. Okay. So for the rest of the day, so this will be recorded program. This is pre-market, but it'll be replayed from my usual time slot. I'm looking at the Dow and I'm saying, okay, you've got a tremendous amount of resistance Chapman Wave automated resistance levels in the $26,600. You break into the $26,720. That's very good action. If you stall here, you could stall just for a little while. We're watching that one very closely and just keep an eye on the VIX index because there is a lot of mixed market actions, some very positive, some negative. VIX at $0.1238, up $0.10. If it pulls back after one o'clock, if the VIX is trading under $1210, the market is going to move higher. Good chance. And if it starts to trade, it's at $1238 right now. If it starts to trade at $1265, this is the actual VIX index, over $1265, it says be careful, should be a bit of a pullback coming. I think that kind of sums things up. Now you're going to have Larry Pezvento coming up. You've got, then you've got, I think Tommy is back with his dad, Tom O'Brien today, then you've got, I think I'll swim, then you've got my recorded show. I'll be back regular time tomorrow and then you've got Steve Rose and you've got Dave White and Tom O'Brien. So have a great day and if I like the fact that dollars have been rallying, that's good. Have a wonderful day. I will see you tomorrow.