 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi, everyone, Basil Chapman, this is the Tiger Technicians Hour. This is Friday, May the 20th, and within the context of markets, the Dow had a nice early pop-up. It's giving some of that back, and this is going to be a really important session for a number of reasons. I'm just trying to get this out of the way here. Is it going to do that? So we're looking at the Dow right now, up 121 at 31374. This is a special session, as far as I'm concerned, just in terms of candles that I look at, in terms of how we need to resolve today, preferably not going negative, preferably not going to just a plus 40 by 10.30 this morning, but holding steady and then having options expiration, having some kind of a rally towards midday. We'll see what happens. The reason being, within the context of patterns, this is a little candle right here, a little doji candle. What's happened is each one of these candles at potential lows, we saw a Chapman-Wave Roman candle with a very long wick, it's a green candle going down to the bottom, and then a tiny wick at the top, but the body was half to three quarters above the wick low, and we've seen that a few times. And then we had just a mini one the other day, right there on the second, I think it was on the 12th, I mean, of May, and we ran up very nicely, one, two, three bars, and then failed, and then we took out that left side low yesterday. We went to a lower low, and that says that all of a sudden, the body of these long wicks candles is getting smaller and smaller. So yesterday what we had was, I call it a long-legged doji candle, open and close at about the same price, but ran up quite nicely, ran down quite a lot, and then came back and closed at almost a starting point. And that makes today a swing day in a sense that either it's a reversal candle or it's a failure candle, and it becomes almost like a halfway marker to the downside. So this early rally that started to fail, not a good sign, not a good sign at all. And even more important is I would have preferred to see weakness early and then strength. I don't like to see this. We've seen this so often, so early strength starts to fail, don't like that at all. So I just want to move this to the side so that I can get some kind of sense of my timing, because for some reason I've got the mics working, but the earphones are not working. All right, let's get on with it. Now the dowel's only up 36. I don't like this at all. Now the S&P is down from its high, the S&P is, let me just type that in, the S&P is up 10. It's still up nice, the up 10, but at 39.1.1.1, and when the high today was 39.43, what is the 33 points of the high? Not a good sign, not a good sign at all. What we are looking at is the weight of evidence is suggesting that the down move, the trend itself, the tide on the daily chart is still in the down mode. It hasn't been able to reverse significantly to even get a buy signal that can be upgraded to a buy mode, the weekly chart definitely in the sell mode, and I'm watching real closely with God. What are we doing? Today is the 20th, so we've got until the 31st, which is Tuesday, a week from this coming Tuesday, that's the end of the month. Wow, this candle has so much work to do to start to improve. Will it do that? We'll have to see. So let's go to the QQQ, which now is only up 49 cents at 290.03. This is going to be a very, very important moment because here again you have a little dojo candle and you were above the left side low of 284.84 that was made on the 12th of May. And this arch formation says, whoops, you break that low, that's going to be the dreaded H pattern. And I want to see another one of those we've seen so many just from the high that was made in March at 371. This is the one that should have had a much larger H pattern, arch formation, held nicely and then gone to an even bigger one. So the day's young, let's see what happens. Meantime back at the ranch, the IWM is now down 21 cents at 176.34. That has been one of the weaker indices, especially in the pattern of the weekly chart where it made this arch formation, took it out, and it's almost done a one-to-one to the downside. It needs a lot of work. Let's go to gold because gold now it's down nine, almost 10 at 1831. If you look at the relationship, look at the pattern, yeah, we're looking at the left side, that's the daily chart, the middle is the weekly chart, there's this pattern that I call the falling acts arch formation, the falling acts that are an upside down one that can form the arch formation if it takes out key support. Well, it has taken the key support level, this chap, we've inside tracked pro-pellin zone has become a repellent zone. I'm watching this closely because if you look at the monthly chart, a lot of work needs to be done in gold to be able to say that the data is gone from a buy signal which is not even at right now, stegastics only at 29%, the MACD hasn't yet crossed positive, the weekly chart is still in negative mode, even the nine period has gone under the 14 period moving average. So the monthly chart is saying, please, shorter term, help me, help me, I need you to get to the 1884 level, preferably 1902, within about a week to say that you've got a buy signal that goes to a buy mode because that dollar, the dollar itself, held support at the low of yesterday, it's had 105.01, a multi-year high, it's in the pattern that I've been talking about this cup formation, it's only a leg C in the monthly and that should still go to a leg D, but it's at a leg, I'm still calling it a leg F, probably a peak F by the end of the day today in the weekly chart, but the technicals actually are pretty darn good for the dollar and that's saying dollar is still the place that money is flowing to, if you look at the EUR, USD, the euro-dollar currency pair, yes it's gone to a leg A, very nice single leg move, but it hasn't yet after four weeks of breaking underneath the low that was made back in 2020, March of 2020, at 1.0636, runs up to 1.239, peak D, back in January I think it was 2021 and then double tops fading below that high, I used the plum line, I said left side, right side should see a price time match so that around about April of 2022 we should be testing the 1.06364 level, well it took two weeks later and then it plunged down below it and now my rule of thumb with the arch formation is that within two maybe three bars you need to see a close above the left side low of importance that's the 1.0636, it hasn't done it yet, it is at 1.054, let's see I just want my engineer to be helping me here to tell me when I'm going to have to wrap this up for this particular segment, but if you look at the USDJPY and that is the YEN, currency pair, dollar YEN, it's pulled back from a peak D in the weekly chart, but not very much, it's still very good technically and dollar YEN seemed to go in the same trajectory very often, so we'll see what happens, in the meantime back to the YEN, there is silver, which is silver, SI, silver is down 21 cents, 21.69, it's gone to a really good area, now we can cut that, booming inflation, we are purchasing powers eroded, there's no better place to protect your hard earned money than in gold, Vista Gold's flagship asset is the Monk Todd Gold project in the northern territory of Australia, this is Australia's largest undeveloped gold project, we are talking a world-class gold project in the Tier 1 mining district, this is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction, Vista Gold just completed the Monk Todd feasibility study, which resulted in a 7 million ounce gold reserve and a 16-year mine life, all of this combined with the approvals of all major operational as well as environmental permits, this distinguishes Monk Todd as an attractive, de-responding, ready-development stage gold project, Vista Gold trades on the New York Stock Exchange under the symbol VGZ, are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help, Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's daily market newsletter, Market Insights, is published every morning when the market is open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com TFNN Educating Investors 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 Look at the VIX index. Here we go, VIX index. There is some evidence here that the volatility index, I'm going to see where it closes today, Friday because these weekly charts most of the time on a Friday except for a couple of Fridays ago, it closed almost at the high of that week. Look at this candle right here. But for the past three weeks, even though the market's been coming down, the Friday close on the VIX index has been a fairly weak. So even more important than that is when we're looking at the implication of the volatility index being in the 28th, up in the 26 to 28th level, that is really high. That just suggests that fund managers are really buying volatility, the security of having some kind of position in the volatility index because they don't like what's going on in the market. Don't blame them. This is the reason why for subscribers we built up the big cash position. I don't want to be messing around here with getting stocks that look great and then boom, they get smacked. But at the same time, I think we're getting closer and closer to where let's just go to ARKK. I just use this as a benchmark. We don't have anything right now. I just wanted to avoid it. At this particular point, it's down 13 cents at 42.93. This is the ARK Innovation ETF. I think when this really starts to pick up legs, if it hasn't folded by before then, by going under 35.10, I suggest if it makes a lower lows in May, I think there's going to be a lot of pressure for this particular fund to kind of cease and desist because a lot of people will be getting their money out. But that is closing under, I'd say 33, 35.10 was the left side low of about seven days ago. And you can see this weekly chart, Trough G, there's every evidence here that suggests overbought condition for the unbalanced volume. There's a lot of evidence that says just in this particular phase, there should be at least a relief rally in the weekly chart. We've only had a couple on the way down. Since the big consolidation back going into the November high, let's call it the last time, not the all-time high, which is in November of 2021 at 125.86. Let's call it the week of the 12th of... Oh, wait, does that make sense? 125. Oh, it was February. I put March, which should be February of 2021 at 159.70. And now we're looking at... I wrote this incorrectly. Sorry, folks. I need to change something. 159.70, I wrote incorrectly. 159.70, there we go. 159.70 was the all-time high. I mean, 159 down to 35, you're not doing your subscribers a favor for the people that are invested in your fund if you're going to go down, especially when it consolidated during that period going into February, where it was consolidating between about 100 to 130 down to 100, let's say 110, and then it broke down. You really can't just keep saying, oh, I love the stock. I love the stock. I'm buying head over fist. I'm buying it. And then the thing goes down even further. I don't think that's right. But I do think that we've got to keep our eye on this the patent right now for the V-shaped patent says, if the ARC innovation on a short-term basis at 44.02 takes out 42, closes under 42 in the next day or two, that's really not very good action at all. So now what I want you to do is questions have come in. Let me start doing some of the questions. Let me just see what this one is. Could you try to explain why the US dollar peaking out is positive for the precious metals and stay cool? Yep, it's going to get hard, but we'll see what happens. Now, as far as I'm concerned, my IFR long, well, we've been long for subscribers to what we can call the long the dollar for quite a few years from the 90.07 level via the UUP. I don't think that this is the big move that says it's all over for the dollar because I think this, if I'm correct, I've still got this only leg C in the Chapman Wave methodology and the Chapman Wave methodology, a buy signal that goes to a buy mode invariably, and we just get there, invariably should do this. There we go. So I always try to identify a low bar from the low bar. We try to pick out higher highs. At the same time, I alphabetize sequentially all the peaks to the upside. It can go A, B, C, D, E, F, G. There's never an H, you have to see that. Maybe there's a recycle on the top. Is that G or it's gone through a G slash C? You've got an alternate count, but the objective in the Chapman Wave is to go from a buy signal to a buy mode, and if you call it a buy mode at any point above peak A, you should be saying that it's going to go to at least four higher peaks, to a peak D, and then other things can happen. Well, if that's the case, the dollar is in leg C. It still has to make its peak C. It's holding with tremendous strength at this particular point. It's still in the consolidation pattern between the breakout on the 27th of April with a low of 102.22, the high of 105.01 on May the 13th, and here it is at 103. It's still consolidating. If it starts to trade at 101.5 or lower, that says, oh, okay, now you've got a sell signal in the data chart. I don't know yet whether it'll be a sell mode, but it'll be a sell signal, and that implies that all the other currencies, remember, I tried to think of all these things separately. Dolly is the dollar. Bondi is bonds. Let me just do this. Bondi is bond. TLT is down at the bottom. Try to establish some kind of a low. It did a left-side, right-side price-time match, but it hasn't yet shown any strength to be able to get the yields down. Vixi is something completely independent. It's up near these highs that you're looking at levels that were almost at the invasion of Ukraine, and you're looking at yields still very high. So I want you to think of all these things separately. Think of the Vixi index as an insurance policy at this particular point. Yes, a fear factor, but an insurance policy. Think of the dollar as the premier currency around the world. Think of Goldy. Goldy as something, I'm not talking about gold as an inflationary hedge or anything like that. At this particular point, try to think of it separately. Think of gold as its own unit. It is broken underneath this rising chaff. Right here, this inside track right there. I should make that pink. I wanted the blue so that you can see it better. Pink kind of blends in too much, but at this particular point, the aspect that is really significant is that gold is at a spectacular move over the last couple of years, and now it's doing, for the last year, it's been a digestive phase holding extremely well. If you want to put them all together with the dollar screaming at multi-year highs, gold is not at multi-year lows. Think of them separately. Think of your gold package as something that has to do. If you look at GDX, I think you get a better sense of what's going on. GDX is the gold finance, gold market ETF. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. 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Okay, so the question is, I'm not sure what the question is, I made a peak D yesterday, yep, hitting the 200-period exponential moving average on 228, it also hit the 200-year-old, but only at peak C and back down. Is it time to sell half position or all? So let me just say this, I wish I had the full notation here because I really wanted to see, this is a brand new leg A in the weekly chart. So yes, your analysis is 100% correct, and what I'm going to say, the fact that it went, it got so close, my rule of thumb with the 200-period exponential moving average, especially in the daily charts, is that if the price gets very close after being under it for quite a while, beginning closer and closer, there's a really good chance that it's going to break above it. Well, this did break above it, and now it's hugging it at 60.00 at this moment. I'm changed, what we're looking at is, the high yesterday was, I'm pleased you said you're already in it, what should you do? 63.10. Now, I wish I could tell what it is, Celsius holdings. You know, I remember distinctly typing this out at some point because Celsius, I'd originally spelt it with the Celsius holdings, with a C, C with a C there instead of an S, I believe, and that's stuck in my mind. So I'm going to do right here, I'm going to say, maybe you'll tell me, or what does, I'll just type it in, what does Celsius holding do? Very simple, and it says, operates as a holding company, a company through subsidiaries provides thermogenic, calorie-burning beverages. Oh, I remember this now. The company markets its beverages, beverage multiple channels, including grocery, drug, convenience stores, and I remember thinking, oh, it's one of those areas that's kind of in the, almost like a vitamin area, but it's in the subnormal grocery type thing. Just another reason why I remember it is because I remember being in, back in Rhode Island, Newport, Rhode Island, years ago, and I can't remember if I had my cell phone on or I was looking at some of these, and we were in this, like a used clothing store, because this particular one has very unusual things, and we were just fascinated, and I remember having my cell phone, and there was a stock that we had looked at, which was in the, in the same type of area, and I then put it on as a buy the next day, because it was doing so well, and that just stuck me. I don't know why these things are coming up right now, but all I can say is, having hit the 200 period moving average and like glue, it's just an amazing thing. Let me just open this up to show you something fascinating. I don't know, I'm just opening up you and I in the same situation. Oh, look at this. That 200 period moving average was tremendous resistance all the way back to November, December of 2021, and then it broke above it, but it couldn't really hold above it. It held one, two, three, four, five, six, seven, eight sessions back in December, around about the 23rd, and then broke down on the 4th of January, and that was it, and it plummeted down to 40, so it was in the 74 area, is that correct? Yes, and then it plummets, it just cut almost in half, goes down to 39, and the rally is peak A, peak B, peak C, peak D, right at exactly on the 200 period moving average, and then it tries to rally and break above it, and it can't, it pulls back, pulls back. I think this is the move that says with the MACD good and the stochastic at 86 percent and flat, above 80 percent and flat I like, I'm going to say to you, no, I like it, and your question was, is it time to sell half the position or all of it, and I'm just going to say just because you asked me the question, I'm going to say take a little bit off, because first of all, congratulations, you were in it, it's held extremely well. I don't really be messing with it, because hey, it's in a buy mode, and it's stopped at a leg D, we don't know if it's a peak D until the end of the day, it probably is, but that weekly chart has really improved a lot, MACD's good stochastics improving at 61, 51 percent, beautiful on balance volume V-shaped pattern. I'm going to say because you asked me the question, take a little bit off, since you would have taken half off, I'm going to say take a little bit off, and why not for your own comfort, if it goes under, it might be two points at this stage for you, it might be too much, because you're saying, hey, I could get two points right now, why should I wait two points, and if it goes below that, I get out, I'm just going to say to you, because it's acting so well in this particular market environment, I would say have another exit on some of the position at 57.50, and that's good again Monday, Tuesday, in fact I'll put it in here, C-E-L-H, good eye, I think you're fabulous, you got it, I just don't think you should take a half off right now, this is my opinion, Osford, I'm giving it to you, so with that said, I'm going to say yes right now, take a little bit off, but just a little bit off, and another part of it should have a stop, today's low is 58.66, it's trading at 59.66, if you're really getting a little bit nervous and saying, I don't want to give up these gains, these days you've got to work so hard for gains, you could take a little, make a 58, 57.98 is another stop, and then maybe a little bit lower, and then I suspect that it's going to hold well, and that by Tuesday or Wednesday, it'll, I could be totally wrong, it is a lag gear, PD, other things can happen, but the way it's acting right now, I wouldn't be surprised if it breaks 63.10 sometime by Tuesday or Wednesday of next week, the way it's acting, it's doing very nicely. All right, with that said, beverages, so that's what I'm saying, it's in this kind of niche area, it seems to be doing well at this particular moment, I don't want to get in the way of something that's acting well, so that's all I'm saying to you, take a tad off, do you know Kura, Kura online learning? No, is that COUR? Yep, COUR, yeah, be careful, this is Kusera Inc. No, this has got the same pattern that we're looking at in so many of the indices that have tried to come off the low, but what I would say to you is this is the moment if it's going to rally at all, and the magnitude hasn't crossed positive, it's real close, so if you're asking me for my outlook, looking out towards the end of the summer, this has a lot of work to do, it was an IPO about a year ago, it screamed up to the 60s, and it plummeted down to the recent low in the 13th area, here it is at 1570, what I am going to say to you, the person asked me, likes to get bigger positions, I mean not bigger price-wise, I'm talking about positions that he adds to over a period of time, looking at the bigger picture, I'm going to say to you, it's in an area that says it's trying to establish a low, the low should have had either yesterday or today, moving up to 1628, so that's lagging, but I would suggest to you to just start a small position right now, and that small position says I can add to it, I can subtract, but give it just a little bit of, give it a little bit of room, 15.70, in your case, I'd say start a little position, I would actually exit it if it broke a point below that, that's a big percentage gain, at last you can make it smaller, but just for the moment give it a point, but normally I would- Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? 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Facebook, social media, of course, they call them, they call it meta right now. I have a tough time with that. Through 83.33 was the September high. It's plummeted down to the low just the other day of 169 round number low. I forgot to type it in. I saw it and I completely forgot to type in it. 169 round number low. Let's see if that's going to hold. And one of the things that I've been looking at over the period of time for months now, I've been saying that the NASDAQ, the FANG type stocks are due for a much deeper correction and when they complete that, I would not be surprised. People always say, oh, things are done. But actually what happens if you go back in history, you'll find that the real sexy stocks that were once leaders very often come back to be leaders. They don't just go away. Maybe one or two in the sector will, but generally like a Google alphabet, a Google will stay as a leader even though it's in a big digestive phase, Amazon's same thing. So you can see that Facebook's really struggling. It had a beautiful gap up. I can't remember the news was that the earnings on the 27th and then the 28th, it gaps up when it made the round number low on the 27th of April and then it gapped up huge. It went to the 220s. Then it plummeted back to the 185 I think it was. Yeah, 184.78 level has a bounce and now it's gone sideways. I think these are going to take longer. So the question is, what about Facebook? And my answer is, in terms of Facebook, I would just suggest at this particular point that Facebook's going through a really big digestive phase. First decent consolidation it's had, or I would say, and just look at this chart, ever since the one from 218 back in July of 2018 and went down to 123. That was a big, big move. Well, this has gone from 383 down to a low of 169. That's also, that's, yeah, I mean, that's more than cut in half. So as far as I can tell, this is going to continue based on the monthly chart. It's got the Chapinweight Insight Track Propeller Zone. It's held there. It's got Fibonacci Numbers. It's got all sorts of things. I just think it needs more time. On a short basis, it can have a good rally. But I think looking out on the weekly chart, it could have a limited upside. But it might, at this particular point, have a more limited downside as it tries to come back and retest 169. If you're looking at Amazon, Amazon, same thing. Amazon, same pattern as the ones we've been looking at. Single leg A up, breaks down, hasn't broken to the left side low of 2048.11. Let me just type that in. 2048. 2048.11. And trading right now, 2193. Look at the weekly chart. It needs a lot of work. Look at the monthly chart. It needs a lot of work. So all of these stocks, Google, same thing. I'm using the Google. I'm using the same thinking here that says Google goes from 3042 round number high, a week of the second, a week of the fourth of February. Week of the fourth of February. And it's trading now at 2210. That's a huge hit for a major company. And Google will be back with something spectacular. But at this particular point, needs a lot of room. If one wanted to build a position in the UUP for leg D up, UUP, which is the, this is what we are long from way back in the, in the 23s hit. Of course, when you're talking about currency, these are big percentage numbers, but not necessarily if it was a stock. It hit 28.07 on the 13th of May, 28.07. So it's had a fabulous run. It needs a bit of a breather now, pulling back. Let's hold off. If you want to get the monthly chart to go to a leg D, to retest the 28.90 major high of March of 2020, I think you need to just hold off for the moment. Let's see what it does. If it does go into the 27, 20, I always say for today, let's take a foot. We've taken just one little bit off at 96 in the dollar. Let's see if we're taking off a little bit today. I don't know if I really want to do that. I'll have to do some work over the weekend. I didn't just want to do it arbitrarily because it's here and it feels good. I want to do some analysis with it. But certainly if it starts to close under 27, 20, then you have to wait a little bit and then we'll see what happens. And then we want to see does remember I wanted the separation of gold and all these things, not that they don't work and not that they can't work together with the complexity of the puzzle that we're looking at here. But I like to think of them separately. Bondi, bonds, Goldy for gold, Dolly for dollar, Crudy for crude oil, and what is a Vixie for the Vixie index. Yes, they do work together, but if you think of it independently, it kind of helps you to put it all in perspective because if you're saying to yourself, oh, gold should rally, how do you know how much it will rally? Off rule. Gold screened up to a high, look at this, Gold screened up to a high back in around July, August of 2020. And it went to the almost the 2000 level, not over 2000, pulled back, and then went right back and made a slightly lower high. And yet in all this time, the dollar, they don't usually go in the same trajectory. Look at the dollar, the dollar was just screaming to the upside. So I think it's very important to think of them as separate. Oily for oil, yep, Oily for oil. Oh, not Crudy, but Oily. Sorry, you're absolutely right. Oily for oil, we didn't want to be crude. So Oily is trading up 37 cents. All right, let's get out of this one. What we want you to talk about right now is, what about the OIH? The OIH also has had a decent rally. It's stuck in the range, but the oil service ETF is in a leg D in the monthly chart. But if you look at the monthly chart, unlike oil, this is once being to the 1,000, so unbelievable, 1,160 was the high back in July of 2014. So that's what I'm saying. Even in the sectors and what you're looking at, try to look at them as an individual piece of analysis that you have to do. You can't hawk them back to those old levels. Remember, Crudor is close to where it was in the end of the Georgian invasion with Russia. It just goes on and on. But the oil service is a little bit different. It's a different sector. Try to think of them as separate sectors. Now, what I am looking at here is, Apple was another one. This is what I'm saying. I don't see a major rally in all the indices to go to all-time highs, not yet. But if you look at the consolidation, the rotation of the consolidations, it seems as if the Dow is in a way playing a little bit of a catch-up, although it's still holding best of all. And you're just waiting for some of these, like Apple is a part of the Dow. It's part of the NDX100. It's part of the S&P. It's really important. And that's a drag, because if you're looking at the monthly chart, it's only now gone below the 40p average for the close to 40p average. Since the last time, it broke under the 50p in the same month, went above the watch of 2020. 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 in 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 4.00 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. 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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. 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 in a break now, right? I'm on. We're back on. I'm sorry, I've got everything messed up today. I will fix it up when we wrap up the show, but I got the wrong earphone plug-in. Just let's do this. We've got a wrapping up time. I want to do this real quickly. Let's go to the general markets and I'm going to tell you what I'm looking at here. If the Dow today takes out yesterday's low and closes below yesterday's low, that is not a good sign because on this particular doji candle, you've got yourself not even three days. It's two days. You can break and close below it, but wow, within two to three sessions of the bar, that is two bars, it's got to close nicely above the high that was made yesterday, which is 31,016. So far, we did go, I believe that we're out of it. We did go long. Once again, we've gone along almost every day on the diamonds and we've made money on the upside. Today, I can't talk about it because I'm right in the middle of everything. I believe we did get stopped out, a very tight stop that we had. What we're looking at here is within the context of markets, remember I said the VIX index, this is going to be key, if the VIX index starts to pull back, I don't want a Friday close at the high of the week. Well, that will be all the way in the 32s or even higher. But at this particular point, the 29,22, the Dow is down 138, the S&P is down 12. As I said, we've built up this cash position. I don't want to get too carried away to the upside. We'll have to see what happens over the weekend into Monday. But if by Tuesday, the VIX index isn't pulling back and underneath 26, preferably 25, 30 or lower, but he's sitting up in this 29, 30 area, that is just giving us tremendous pressure for selling. And that's