 The following is a presentation of TFNN The Tiger Technician Hour with your host Basil Chapman Call now toll free at 1-877-927-6648 Internationally at 727-445-1044 Now Basil Chapman Hello, I'm Basil Chapman Tiger Technician Hour My pleasure to be here Monday through Friday, noon until 1pm Eastern Time 877-927-6648 is the number to call Let's just go through the prologue first We've got the hour of 28 Now let me explain what I'm looking at here Within the context of the double top 27,398 on the 16th of July Goes sharply down to 25,339 low on the 15th A month later And then a month later on the 12th of September It makes a high of 27,308 306, what do we always look for in the chapter of methodology? I'm not sure I've even got this up here No, I don't I'll get it We're always looking for at least that fourth highest peak And that's where other things can happen Just keep it as simple as you can As we're looking at this The Dow went under the 14 period moving average for the first time Since it broke out above And that was on the 4th of September So, let me just go straight into the technical analysis I was discussing back in April of 2019 At the top when we went short A day before the high, all-time high And then again at the all-time high of the 16th of July 27,398 Where we shorted 7 points from the top I discussed this particular pattern here You can use whatever techniques you feel comfortable with, obviously But just be consistent That's what I say People say, give me, you use a 9-glead exponential I don't care what you use Just make sure that it's the one that works for you Many times more often than it doesn't And the other thing is Be consistent, don't change it Because somebody said a 9 EMA is better than your 7 SMA or DMA Whatever it is Don't suddenly change it What I do when I get that And you've seen it before Someone had once said to me, 32 period moving average So I put a 32 period moving average Never even discussed it Put it on, never discussed it for months And then one day I said, you know what? I've just used it for long enough It doesn't do what my particular indicators do So it's out, it's gone And that's it So I didn't change anything I just used it, I checked it out Okay, so that's just a word of advice More important, if you're looking at this particular chart I've kept in the cell signal and the bi-signal We missed this particular bi-signal right here Because it made the H pattern that I always talk about The H goes to the lowercase H Another arch formation Going from the lowercase H to the lowercase M And the big deal is that if it breaks the upside Decisively, it usually doesn't look back As it goes towards the next highest peak In this case, it's the peak all the way back here In the down, July the 31st We've ranked here 27,281 That was the day that it also turned around And started a tremendous downward movement So I said, this is a process That I use other signals I use Chapman Wave methodology To get my actual signals But within that context I like confirming We can use them in this particular case Confirming moving averages Could be confirming anything I like confirming technicals And what I'd said is that This whole process of getting the green line Because it's going above the black line Therefore changes to green It's pink when it goes underneath And I made it pink because red There's just too many red bars here I don't want to have a big confusion I'd said that I got the cell signal back in April But it took about seven bars Or even eight bars before the MACD actually crossed This slow moving average That is the nine-period moving average The green line went under the black Black's always constant It's the green and pink that changes When it crosses over under The 14-period moving average So if I didn't have the signal And I waited for the confirmation Look, that's a green candle right there It was right here that I got it And I would have missed a ton of the move I still would have got a nice chunk But it would have been terrible If I waited for the next crossover Because look, right here's the crossover So the signal comes in And all I have is about 130 down points Instead of that big move down So this is just a confirming signal But what I have said Is that until I start to see That nine-period, the green nine-period moving average Cross, decisively below the 14-period moving average We might see the same seven, eight, nine bars Going sideways with slightly lower highs And slightly lower lows That we saw before The only difference is that that move down today Makes us a little bit more If you're looking at the chart pattern It resembles more the one from April Than it was, than it does the one From the exact high of July the 16th Right there, the tiny doji candle And what do we have here? We have little doji candles Always warnings to me To be on the lookout for a potential Waste station on the way up Because if it breaks to the direction That it's come from After the little tiny doji candle Means that moment of indecision Has been followed by moment of decision And you can get a one-to-one move to the upside Based on the, look at this From this little candle here If you go from here to there And then on the way up I don't always look at it as a one-to-one But it's a big move to the upside And now on the downside You had the reversal candle You had this small But still kind of a long-legged doji candle On the right there On the 12th of August The following day we wanted it shorter We just missed shorting And then I had to wait I had to wait and I missed this one here I was ready for it I didn't anticipate that on the 19th You would have such a big move to the upside And then turn down I expected a balance But it went higher than I expected Wanted so on Friday we were lucky We got just about almost the same price Within 20 points of it And we are now technically on a short side For the Dow We still have only a long positions In terms of stocks Because they've done so well I just want to keep holding them Even though one of them Is a little bit more vulnerable Than the others of this particular moment Because it's a cyclical stock We'll see But look what happened Today you went down You finally said $26,827 Is the 40 period exponential moving average And what was the low today? $26,831 It went to within four points of that level In the 120-minute chart Here's my 120-minute chart that I show If you're interested in the market In terms of knowing what's going on technically Being able to follow it So that you have parameters That you're looking at Patterns that you can follow That's what I do every day For my subscribers Even on the weekend I'm sending out charts Why? Because I want this to be a learning process I want you to be able to say Hey, I have a technique And now Basel's got to introduce me To a couple of other things I'm going to not change my technique I'm going to rather utilize What he's given me as an additive To what I'm doing I'll test it If it doesn't work, it doesn't work for me If it does work, it's great I've got now something extra So I do all this analysis You know, I always say At the end of the day Even before the end of the day Friday Even before the end of the day Friday You remember, I said I've got a chapter with Tringage Reading a very low reading There should be No matter what happens There should be weakness At some point in the Dow Before a Tamsa rally On Monday morning It should go negative Then lo and behold Last night, I'm looking up 120, 130 points in the Dow futures The S&P's up 50 And I thought, oh man This is going to be one of those rare days That it fails And it's failed once or twice Where the marker is up 350 points And then came down to a plus 65 To a plus 65 And then closed up a little bit And that's a failure Because it didn't go negative But look what it did So today we got there And we went down And now we're trying it out I'll be right back If you're not currently using The TAS Profile Scanner When looking at setting up Your trading opportunities Then your arsenal is short A mighty weapon The TAS Profile Scanner Is a standalone piece of software That instantly filters Over 2,500 global financial markets Such as stocks, ETFs, commodity futures, and forex Heated by Steve Dahl TAS understands that in today's Technological world The use of top-flight software applications And technical analysis Expertise is essential To successful trading in today's market You also gain access to the webinar That Steve Dahl and Tom O'Brien just hosted The best way to use the TAS Profile Scanner To profit This webinar archive is available For all subscribers immediately Upon signing up All new 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areas of the market Before you make one of the biggest decisions Of your financial future Call Tiger Real Estate LLC today At 727-329-8322 Or email us at Tiger at TFNN.com That's 727-329-8322 Call us today Many of our new listeners have heard about The Tiger's Den The Tiger's Den Is a lively community Where professional traders and investors can meet Exchange ideas and information In a comfortable, moderated atmosphere Hear all of the TFNN shows Plus see all of the charts as they happen Live and have access to archives of all of those charts You can test drive The Tiger's Den Absolutely free for 30 days And greatly enrich your knowledge of these markets And how to make your money work for you Details on The Tiger's Den Or on the front page of TFNN.com We even have new pricing in 6 months and yearly options Check out the new TFNN.com now And experience all the upgrades TFNN.com Educating investors Everyone bells are dropping So let's just continue with this Because the beginning of the week And we're getting to wrap up for September So it's going to be an important week So we're now right in between The nine period moving average And the black line That's the green and the black line Is the 14 period moving average 26,000, 828 And resistance at 26,960 The high today so far is 26,969 So this is what I'm looking at There's a process going on And if the nine period moving average Is going to go below And I always look at this Let me just for one second go here To the daily I always look at this and I say If there is a peak D Underneath the previous high Unless we're in a brand new buy mode From a very Way over sold low In other words, you've already come down And started what could potentially Be a major bottom Where obviously you're going to get a peak D Four higher peaks And if it keeps If the tide keeps going up You're going to recycle And get another four higher peaks But when you're coming off the top And you can't get back above that At a peak D In other words, 27,398 July 27,360 Yep, it's only 92 points But it couldn't break above it And then it fell sharper to a trough B We're in a leg B I'm sorry, leg B right now To the downside That's showing some kind of at least Consolidation Weakness All right So now let's go back to our story And we're looking at this and I'm saying Fine Does it have to go negative? No, this could make an M shape pattern And just continue Look, we've seen that before An M shape pattern and recycle We saw a little tiny M shape pattern over there But unless it makes a new recovery high At least very sharply above 27,906 Probably even has to go above the 27,000 Right here The 27,398 Where is that? Right there 98 high This is this is something to take seriously All right Let me show you something else Within the context of the weekly chart That rally into that July high In the Dow And look at the M shape pattern in the MACD Now it's a failing pattern Even though it's positive It is just struggling To maintain the positive aspect And the stochastic has made lower low Lower highs on each recovery high So it just says to me Sideways move Be careful I don't yet have a signal I think I might be getting one By Tuesday afternoon Wednesday morning To say that this could be a deeper correction But there's three things Remember If there's no dark news covering In other words, there's just no bad news out there That's really Not just a one-tweets Sudden pop-up or decline It needs to be something that gets followed up And followed up for days I don't see anything on the horizon Right at this moment To say that there's a dark cloud cover That is ominous I see just a sideways cap on the market I do see some base levels that are holding We'll see what happens Okay The other thing is The VIX index This volatility index VIX.X The volatility Can't put it in the wrong place Let's put it over here The volatility index VIX.X Is trading at 15.04 It's in the lower range But it is in the teens That's just to me That's a good reason to think That there's a cap on them On the upside Because I can tell you this If at any point the VIX index drops Into the 13.20, 12.80 level You won't just have buying support You'll probably have a pretty powerful move To the upside and the down So if the VIX starts to trading The 1650s to the 1690s Between now and tomorrow I suspect that we'll start to see Another pullback in the market It's going to be a process So that's So news is one Volatility is two And if you look at the TLT You remember I like to look at I like to look at a smorgasbord Of indicators The TLT is rallying It's up 57 right now, bottoms But 148.90 was the high On the 28th of August 156.54 on the 13th of September Was the low This so far I'm going to treat As a balance Now where does it change From being a balance To a break to the upside I would say 145.80, 146.30 And closing there Making 145.10 A support for about a day or two And then moving higher I'd say oh, be careful We want to retest the highs But if this is going to be an inverted V-shaped pullback Then maybe we will see Yeals Rally as bonds decline And the TLT slips underneath 139 It's 142.44, 155 right now If it goes under 139.20 Let's just say Closes under 139 I'd have to look at this and say Okay, now's the time to see Is money going to flow out now Of the safety of bonds And back into stocks And will stocks ready to A new all-time high That's going to be the question It's a question right now We've got our position It's only one position It's like I have a whole Slew of short positions I could have There were some that I liked On the short side I just decided to be focused Right now on letting The positions that we have In stocks that I think are In this particular cycle Have done well Some we've had since December Or even February or March And we're still holding Or we've been in and out But these are the positions That we like I don't yet see A big change in them Until they change I'm not going to change So let's just put it that way Now a couple of questions came up Where's my Let me just see If I can get to my emails here I've had a little change of things here Quick, quick, quick, quick, quick, quick Yes, okay So I don't think I'm getting My TF and emails I'm sorry to say I'd have to re I'd have to re-implement that In a different program here So I'm sorry about that But I do have some questions about Okay Number one question I got over the weekend is In terms of what you're looking at You had spoken about Cintas before C-T-A-S Where is it now and what is it doing My thinking earlier was That Cintas was giving me a signal Especially based on the weekly peak F It could alternate to be an F slash B But I think right now It really looks like an F That Cintas is telling me That we've got to be somewhat careful And that there are areas Pockets within the economy That are starting to see slowdowns Like Let's go to Marriott Look at this Marriott has that same pattern Inverted V-shaped pattern Pulling back off the all-time high 149 in January of 2018 Slumps down to the 109s In December I think there was no VIM action And then rallies all the way back And it goes to 144 Pulls back to 124 Balances to 135s And now it's trading at What is that? That shouldn't be there That and just Oh, that's a key I mean that's a price I thought it was an up arrow I thought it was an up arrow doing there Yeah, so it's trading at 126 right now And that's saying to me If you look at this kind of a Head and Shoulders pattern In the weekly chart It says be a little careful Because some of these Resorts and hotels Are seeing a slowdown And I was seeing to someone From TripAdvisor yesterday Kind of a A block party And it was in a house Just a few houses away And I said to him You know, he's just Stuck like a TripAdvisor Give anything on the economy I'll tell you what he said When we get back I'll be right back That's a chap And if I get technicians out I'll just tune in Yes, if he's up to me We'll be right back 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 the computer Software which included The standard market technical Indicators enhanced The degree of accuracy And calling price turns As well as market trend calls Thus was born The Chapman Wave sequence Using the Chapman Wave methodology Along with other indicators Basil Chapman advises His subscribers of his Expert market opinion Each market day With his opening call newsletter Right now you can get A two week free trial To the opening call Basil's daily trading newsletter By visiting the front page Of TFNN.com Cancel at any time During that trial And pay absolutely nothing Get your two week free trial To Basil's newsletter The opening call today By visiting TFNN.com The path of least resistance Is David White's daily trading newsletter And if you're looking for Active trading ideas Then now is a perfect time For a 30 day free trial To this powerful Daily trading advisory service David uses his years of Trading experience To offer his subscribers His trading ideas Each morning In his path of Lease resistance newsletter Using a combination of Equity trades along with options David keeps his subscribers Up to date with All pertinent market information With intraday afternoon updates When warranted Don't miss out on this great chance To get a 30 day free trial To David's daily newsletter The path of lease resistance With no obligation to pay anything David has been delivering Solid recommendations For his subscribers recently And if you'd like to see The type of newsletter He delivers every morning Then visit the front page Of TFNN And you'll find the path Of lease resistance Under trading newsletters For all the details And to start your 30 day Free trial today Log on to TFNN.com now TFNN is excited about Our new software charting program The art of timing the trade charts In collaboration with Tom O'Brien And using his best selling book The art of timing the trade Your ultimate trading mastery system David White has programmed An outstanding piece of software That will complement Any trader's methodology Using this first of its kind program The art of timing the trade charts Allows you to scan Thousands of stocks For Fibonacci formation Including guardleafs ABCs, butterflies And much more 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 gonna love this new charting software That will even give you a 30 day Unconditional money back guarantee Don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today By visiting tfnn.com This segment is brought to you by Think or Swim For more information Just click the Think or Swim banner On the front page of tfnn.com Our phones were back So I was looking at over the weekend Just going through a couple of the Invested business daily stocks And I had a whole bunch there I don't know I've had an electronic IBD for forever And I still like the newspaper I don't get all that information I can't even find some of it It's just you get to a certain age I guess and you aren't quite as well Equipped as a youth of today But jeez So they had some very interesting Stocks there and IPOs And I looked at most of them And most of them had done very poorly So anyway, so here I am I'm chatting to this person There's something to do with TripAdvisor And I say to him So does TripAdvisor in any way Is that some kind of an indicator Of economic strength? I kind of knew the answer Because if you look at TripAdvisor Look at the chart It's in its own world I guess this is part of the business That has its ups and downs And TripAdvisor, TRIP Was once upon a time Back in November of last year At 69, round number high And then it comes down A little bit and goes to the most recent low Of 35, 41 On the 27th bounces to 42, 43 And today it's trading at 38 So, and then he mentions So I also realized That they were part of Expedia So I look at Expedia chart now We're looking at a high way back In 2018 and 160 Drops a little bit down to 99 Reddy's quite sharp He did 144 And it too He's now down And it's kind of struggling So his answer was very interesting Because I like to use something Like a synth test To me, uniforms And something that has A direct correlation To the buying of either equipment In this case, uniforms and outfits And some kind of Something that's directly related To certain industries Like hotel industry Anything to do with uniforms And that's always been a great indicator So the answer was that No, he said There's just a very peripheral relationship This has to do more with demand How much spending we're doing on advertising And that sort of thing And I actually was thrilled that I got that answer Because it's an answer that makes sense in the stock market In the stock market you want to relate Relative to relative Oranges to oranges To try to get a relationship If you're getting oranges to mandarins Yeah, there's a color recognition The orange But they're kind of different So But I thought it was very interesting Because I tried to put the two together What was it? It's CLB Is that CLB? What are the cruise lines? CL I'm forgetting them CLB maybe Nice Someone can help me Cruise lines That's a CRL Charles River Labs Whoops That's another one that I always keep my eye on Oh man, I'm just forgetting I usually know these things So well What is it called? Carnival Cruise CCL There it is CCL This is different In a way Because it made its high Back in 2018 And it's come down to low lows And low highs Low lows And low highs So that to me I wouldn't have asked the question there Because that is a very special kind of clientele But I thought it was very interesting Because I keep talking about the rotational aspect Of this market And there have been times where you've seen Thing, stocks Like a Carnival Cruise Moving up with the market And you get something like a syntax Moving up with the market And you get some area Like an Expedia or a TripAdvisor Moving up And you think, oh well, everything looks great And all of a sudden you get the divergence That's a bigger divergence Then if you're looking at something real Which is like The IYT Also having made a high Much earlier Back in September 209.44 on the IYT The iShares Transportation Index Plumbers down to 155 Ratties up to the 200 area Slumps down to the 175 area Just the other day It hit 199.23 And now it's come down And yet when you're looking at it On a monthly basis All that's happening is You're creating a wedge formation So far lower highs and higher lows And you're trying to work towards the Apex But if you are looking at this In terms of giving information It goes directly to the issue That I've spoken about And I've said This is a rotational market We've seen rotational corrections On the way up I'm not sure how I can even explain that What it means is As we're rallying to new highs There are some sectors that had led That are fading to lead Like the Fang stocks And yet the markets That they're keen to see Still go to new highs So therefore There's a correction But it's on the way up And you can get corrections On the way down And I love the ones on the way down Why? Because only in December of this year And I think it was in August, September, October Of 2015 That we get really deep corrections When you kind of saw 93% Perhaps more of all the stocks go down All the other ones have seen Rotational corrections And those rotational corrections Have essentially said Hey, wait a minute I'm looking good Why is everybody else going down? Or, uh, geez I don't know why I'm slumping like this Some of the other stocks are moving up Even in the same sector So that's why I'm saying Right now I'm looking at this as more A correctional, rotational Digestive phase And that's what I wanted to do Ooh, that was a very long way Of saying a digestive phase Okay So in the meantime Back at the ranch A question about Norwegian cruise lines I don't remember what the symbol is for that I don't think it's L's in N-C-L In C-L Norwegian cruise lines No, let's go Just C-L is Colgate-Pomolo That's not what I was looking at It is a digestive phase Yeah, Norwegian cruise doing better Yeah, it has to do with competition That's the whole thing This guy was trying to emphasize And some other people made the same comments That it was really How their sales programs are received And the outcomes thereof A kind of part of the market But not directly market related All right So that I needed to get that out of the way A couple of questions Yes, Boeing I'll have a look at Boeing Boeing is down $1.12, 378, 27 Made a peak D are confirmed on Friday Pulling back This is looking Let me just do this now Because a couple of questions I can see have come in So, okay, let me explain Look, the Dow INDU The Dow has made a peak D Made a little double top Pull back MACD is still quite strong But it hasn't crossed negative But it is turning down Stochastic now only at 81 It was at 96% The just 5 to 7 sessions ago Now it's at 81 It's about to decline Under the 80% If there's a turn down By the end of the day So we've got to be careful But so far the technicals are saying Hey, it's holding well And remember the 9 and 14 Being moving average Holding very nicely Okay, that says that The weekly chart says Yes, it's a double top You can make a little cup And a handle formation But the MACD Is just barely positive And the stochastic is at 80% So this is not showing The kind of strength you saw earlier on The weekly and the monthly chart Hasn't yet crossed positive With the MACD But it's still price wise Still looking very good Question I had about GDX Can I just do the GDX? Yes, GDX Pulling back a little bit From the earlier gain I'll do that when we get back Thousand Chapman Thousand and thirty-two 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% A $50,000 investment At a normal four-year CD rate Of 3.1% would give you income Of $1550 per year Or $6,200 over the four-year period That same $50,000 investment In the Tiger First Mortgage Program Would give you $3,500 per year Or $14,000 over the four years What should you prefer? $6,200 or $14,000 of interest On your investment If you'd like more information About the Tiger First Mortgage Program You can call me at 877-518-9190 That's 877-518-9190 If you're a trader in the market Looking for exposure To gold or gold mining equities Then now is a perfect time To sign up for Tom O'Brien's gold report The summer is over Gold is trading back above $1,500 And the 10-year treasury Is hovering at around 1.5% Tom O'Brien has been writing His weekly gold report For almost 18 years There's no one that knows more About how the gold market trades And how gold mining equities react New subscribers get a 30-day Moneyback guarantee So you have nothing to lose Every Monday morning Tom publishes his weekly gold report With coverage of gold, silver, bonds The XAU, HUI, GDX, the dollar As well as more than 30 different Mining equities As of September 3rd Gold report subscribers Have 5 active open positions With an average, unrealized profit Of almost 38% for each position To see for yourself The types of profitable trades That are recommended Within the gold report Sign up today By visiting TFNN.com Are China A shares hot or not? 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I had so many interruptions there That I think I lost my, oh gold The GDX GDX Right now is the gold miners Trading at 28, 89 up 20 cents Now let me Couple of things The move that went to 30.96 on the 4th of September Was against a declining technical background You remember I like to treat the technicals As either confirmation Or you have to have a way Of analyzing That could exclude A falling MACD Falling stochastic Falling relative strength, the RSI A falling OBV on balance volume In the in the daily here And yet the price moved up And that's the magnificence Of this one particular technique that I developed I had a webinar on Couple of months ago And it allows you to look at a chart And independently discuss it in terms of Not having crossed negative And this particular instance It is now finally crossed negative And it's going to take about another two sessions Of moving above the 20 I'd probably say 29 level To go back to being positive And then the MACD Which has had a huge sharp reversal And is within 0.02 Of the histogram crossing positive Will give a sign that's good And the stochastic at 37% Has come all the way back from the single I remember saying it's in the 5-6% area Let me just double check that It went down to 4% 4% 4.2% Back on the 21st I think it was of September And now what it is is It's trading very nice there That must have been Let me give you the exact date Excuse me It's that meantime sneeze On the 13th of September And now it's in leg B But the way the pattern's unfolding It's going to have to be some bad news event That favors gold For it to really break into the 31s Personally I would like to see A right shoulder fade here Here I'd like to see it come back And test the 26s it's done at once I'd like to see it do it one more time Maybe even break that low And at that point there'll be a tremendous Amount of information Because you'll have bonds If bonds keep going in the same direction Then the yields So now let me just show you this The TLT Look here's the TLT Same pattern So that would say Instead of going to 14480 15330 Somewhere in that area In the TLT over the next few days And holding there Can't just pop and then fail miserably It's going to hold there The GDX The gold miners And the TLT have been in sync 828 was the high At 148.90 The GDX made its high On the fourth At 30.96 Made the loan So they're matching And I think that we're looking at This is the whole thing about the market Because if they're going to scream louder In other words if bonds Through the TLT It's going to start pushing into the 146s or higher I think that will impact the market Because the market should see money come out Of the yields Out of the stocks into the yields for safety So called safety I always say so called safety You never know Okay So this is kind of a very This is a complex moment I'm trying to make it as simple as possible We've looked at short term tops In the key indices So gold The GDX The fans This is Let me do this So this is the fourth of September INDU On the 12th of September The Dow made its high On the SPX.X On the Same day I think it was Yeah on the 12th The S&P made its high At 30.20.72 Underneath the 30.27.98 high Of April, April 26th I think July 26th Yep July 26th So this is why I'm saying Consider that this is kind of a Sideways action going on right now That we did go to a low A low in the Dow Today which is important That makes a leg B We haven't yet gone to a leg B To the downside in the S&P That would have to take out This particular low of the 18th Of 2978.57 So I'm not I don't want to make this complex This is nothing complex here We've got a signal that says The best risk reward opportunity Just on the shorter term Was to go to the short side If it's wrong, it's wrong On the long side We've got our One, two, three, four Five long positions That we're still holding on Haven't done nothing about it Nothing to take a little bit of profit Five, six A little profit in one of them Did exactly what we wanted Over a few days spent Was a short term trade Wanted leg D It made the leg D Now it's a peak D So you've got to manage that trade So I haven't yet Got to the position Where I want to start Shorting deeper I do see specific stocks And I think I've talked Smoke about this ages ago I said if you look at Alphabet-wise What was it? Oh, Visa It was a V It was V Then I was getting a double top signal I think that Visa Was I had an alternate count And then I thought there was a chance That it could go a little higher From the 184 high That was made earlier in July And had a big run-up But then it could turn down And become vulnerable To the whole yield thing And yep, it did But I didn't go short It just it was I You know, if you didn't get This exact move right here You kind of missed it And look what happened Boom It went higher than any short position In the July timeframe So yeah, this is a This is a tricky time to be shorting Not only that It's a tricky time I wanted to buy the DZZ for subscribers The DZZ back on the Beginning of September I think it was right here Yeah, the very first day Of the training 9-4 I thought, hey, great Let's buy the DZZ And then I thought, wait a minute Overnight Anything could be sent Any tweet And I'm vulnerable to an overnight In a two-times short gold Why would I want to even think of that? No, I think gold is in a situation here Where I need to see how it handles The next two weeks I need to see how it handles either On the upside A break, a close About 30.20 Even higher than I was talking earlier on Two and a half points higher On the GDX Or Two and a half points Pull back here Going to the 26s And then I think we're going to get a much better sense Of the rest of 2019 In this area So I'm just saying Be careful The DAX Okay, if you want to do the DAX I have to do it through the DEW This is the Dow Jones See, this is a big problem for me We've had a number of stocks That have gone to a peak C A number of indexes and stocks That have gone to a peak C And then pull back sharp And then they should have Without going to the D They didn't even make what I call a peak C1, C2 And that's saying to me That here as well There's a certain vulnerability The MACD and SCACAC are very good in the DAX Now remember, this is not the This is not the German index This is the Dow Jones German index It's called Dow Jones German stock index So this is what they've made up And the pattern is exactly the same as you see In the real thing It's just a different price And it constitutes a different makeup And you can see there it is There's that resistance Decline resistance level Has to get above 392 to really break out I'll be right back But that's the final segment coming up I'm certain you are or strive to be One of the best of the best At everything you do in life It's the most common trait That we Tigers and Tigers share If you're looking to become the best of the best When it comes to managing your money Let me teach you to do what most wealth managers Tell you can't be done Which is how to time the markets I'm Steve Rhodes, author of Mastering Probability And for the last 12 months Timer Digest has been tracking my newsletter signals Which have earned me the ranking As their number one market timer In the nation for the S&P 500 For the last 12, 6, and 3 months Timer Digest also ranks me As the number one market timer for gold as well The fact is markets can be timed And I'll teach you the exact set of tools That I use that has transformed me Into one of the best at what I do Sign up for Mastering Probability today By clicking on the newsletter tab On the homepage of TFNN.com And get immediate access to workshops Where I take you step by step How to use an extraordinary set of tools As well as provide great market calls too Sign up today If you haven't checked out the newsletters page Of TFNN.com What are you waiting for? All of the TFNN newsletters are informative Up-to-date, affordable, and a must-have For every trader looking to gain A competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets To offer you the very latest in market news Plus, new subscribers get to test drive Our newsletters risk-free for 30 days From all aspects of the markets Including stocks, bonds, metals, commodities, and tech There's a newsletter to fit your needs Exclusively from TFNN Stay informed each day you trade And get the competitive edge That will help you stay ahead of the game Visit our newsletters page by going to TFNN.com And click the newsletters button near the top of the page TFNN.com Educating investors That's why we need Primal Edge Daily Nutrition It includes a special blend of ionic, soil-based, vitamins, minerals, fatty, and amino acids in an easy-to-use liquid form Primal Edge is powered by highly concentrated folic and humic acids Nature's preferred delivery system They've been called miracle molecules Because, like sunlight, air and water Life cannot exist without them That's right, Paige They ensure we receive all the nutrition We need to be healthy and thrive We take it every morning Primal Edge Formulated and approved by Niko and Paige Of living a Primal lifestyle Buy it today for just $89 Click on the Primal Edge banner On the front page of TFNN.com Hi, folks, this is Steve Rhodes Stay tuned for another great hour of the trader's edge Heard here at TFNN.com Hi, folks, don't forget, Steve comes up Then you've got Dave White You've got Thomas Blind And also check out my opening call My daily newsletter We've had some real nice positions for quite a while now So it might be worthwhile And as I say, we did go short At just right off the top of Friday's move Haven't increased the position or anything And we still have, what did I say, five long positions Six long positions Nothing yet has changed there So it's kind of a mixed bag It's almost like we've got insurance here But if the Dow in the next two days Starts to close underneath 20 I'll give you it right now Underneath $26,750 Then I think we're in for a deeper correction Let's make it as simple as that Okay, now that's the other thing that I Question I had What about X? We were talking about it on Friday X is a nice move It's up $0.15 at $0.1096 So the question was We were disgusted with Scott Scott was in it Because he considered it in a position That the United States Steel Is one of the major companies And it should, you know, it should So I don't know how we handle the trade But I said to be a little careful About adding to the position And you needed to get to a certain level To confirm they would go higher What it had a red candle on Friday It was green on Thursday Red on Friday And today it's slumped And it was in the As I recall, we were in the $11.09 area On when we were talking about it On Thursday and Friday closed down It did go higher But didn't make a new eye And then it's slumped today It went down to $10.17 And yet it is back again Having made a new low No, no, no, no, no 10, 8, 16 Oh, it missed a new low by $0.02 Good I like that little double chance here So, you know, got to be very selective He did it as a trade He had a position I don't know how it worked out He knows how to handle that He's done it before many times So I just wanted to tell you I've lost in the den I can't remember now What X is doing And United States Steel Moving up, it's up 16 At $10.97 Did make a low today Of $10.17 All right, a couple of things As we're going out here Just watch closely This kind of bounce After the Chapman Wave Trin gauge moving We expected that There'd be a weakness early on Even the last night The Dow was up 130 points In the futures It started off and went Even 100 points down And now it's trying to come back Well, 80 points down It's trying to come back Watch this closely Because Dow would have to get To 27,060 in the next few days To really say, hey I've got even more on the upside Watch it closely I'll be back tomorrow Have a great day Stay tuned for Steve