 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. Hello, it's Basil Chapman, Tiger Technician Hour. Here we go, and we're looking at the Dow 341 on this Tuesday, May the 17th. Up 339 in the Dow, 32,563. We've already hit the 14-period moving average. That was a requisite, as far as I was concerned. If this is a real takeoff in the low that was made on Thursday at 31,228, and one of the reasons why we did go long on the dip the very next morning is because there have been a number of accounts of the Chapman Wave Roman candle. The last one was on the 2nd of May where I called it a semi Chapman Wave Roman candle where the market opens slightly, a little bit of a wick, and then has a big plummet to the downside and then closes a half to two-thirds above the low. It did it again, and I call that a mini Chapman Wave Roman candle on the 12th of March. What am I talking about? The 12th of March. It was the 12th of May. A lot's happened in these two months at 31,228, and it said, the takeoff that happens now, the last time was two bars, two days that is, and then there was a tremendous decline and we broke to a new low. We went all the way below the 32,000 key support level down to 31,228. What's really important right now is that we have three decent green candles. I don't want to have two days and a failure again. With three days, a bit of a pullback on Wednesday may be waiting for the Fed to do something, and then by Thursday or Friday, I want to see the gap in the 32,732,800 range, and that would say the low that we've just made is the kind of low that says, we're making a base that allows for a rally that can last a little longer than three to five days and maybe can go for a week or two, and then we can reassess. That's all we want is to be able to reassess at higher levels, not having this failure, failure, failure because that is setting up a monthly chart pattern that would be very, very negative. So with a slightly bullish point of view right now, I shouldn't say slightly bullish. I'm more than slightly bullish because we only have long positions. Some of them have done extremely well. Others we've just gotten into so we can only say on a percentage basis they have had some terrific balances, but the day is young, anything can happen. SBX.X, that's the S&P 500 index up 48 at 4055. It ran all the way this morning to the 4070.99 level. That 4080 area, I'd say to people in the down this morning when we were looking at the E-mini, I drew this in and I said, well, this is the one-minute basis. So we can look at this, it's gone to peak F, made an arch formation, pulled back in a match of the left side, right side price, time match, and then it broke below it and went lower. And then sharply up to the 200-period moving average, that's the one-minute chart. But this is very interesting because look, in the 10-minute chart, we're in all the way to a peak G. We did a one-to-one of the rectangle formation to the upside based on this incredible support of the 200-period exponential moving average. That took you to exactly a Fibonacci expansion to actually, I call it Fibonacci, but there's 300%, I don't know if Fibonacci had any 300%, I always include that. So it went almost to 300 peak G, pulls back and makes a dreaded H. And I said in the den that 55, that is 40, 55 is going to be kind of a key support level in the shorter term, certainly for the E-mini. All right, let's get back to our story because it's all related. What we're looking at now is that the S&P cash has pulled back. It opened at 40, 52, and yeah, it is at 40, 54. So that gap could quite easily be filled. There's a lot going on here. So I'm not expecting just the earlier move to the upside besides being a very pleasant surprise. I think it had a lot to do with Home Depot coming out with earnings that were surprising. I made a joke saying it's a number of times I've been to Home Depot lately. It's actually been very full at any time of the day. And that's very interesting, but it's given back all those gains. It gapped up at 306.50 at the open, screamed to 310.94, and unfortunately right now it's at 299.33. And that's the kind of story we're looking at right now, that this is a very difficult market. There are so many crosscurrents, and that's the reason why I say to subscribers, as we move higher, we're going to take something off on each bounce because we want to accumulate some kind of percentage gains that gives us a bit of a cushion from our fabulous entries that maybe we can have a little wiggle room. That's all I want you to do, some wiggle room. As I say, the day is, we're not even an hour into the session. The day is really young. And now let's go to the, I wanted to just show you the QQQ at the low of the day, 3 at 2.67. It needs a lot of work. That weekly charge has a nice candle, but that's not good enough. Candles are candles. I mean, it's what happens often. A candle means nothing until the very next bar. And that's really important. So in this particular instance, on a weekly basis, you want to see if you're bullish, at least in the short term, on a bounce in the QQQs. And I prefer the Qs right now. The Qs are up 4.33 and 3 at 2.79, up 1.46. I actually prefer them to ARKK, which is the ARK innovation, which has a bunch of very oversold stocks. But to tell you the truth, the mix there is just, I don't like the mix at all. I'd rather be aggressively long the Qs than to be holding ARKK. So we've skipped that. And I said, no, I'm not interested right now. It's up 1.46, which is good. 59 at 41.63, 2 to 43.38. And the way it gives back is the part that really upsets me. Now, I wanted to just jump over to the CL. This is the crude oil, up $1.09 at 15.27. You remember what I said? That whole 110, 112 areas key. This is leg D. And if crude oil powers higher, we've got to watch that high that was made in the crude oil continuous contract high back in, I believe it was the end of March. March the 24th. It's 116.07. Now, this is also important. A very quick, peak A, then a peak B and a peak C in the rectangle formation or the cup formation in the week, he says, buyers are coming in and having enough clouds to be able to move the crude oil continuous contract higher. It's within a rectangle formation. I don't want to get too messy, but I now need to make it messy. So I'm putting the rectangle formation right there. It's also the lopsided cup. I call it the gravy cup because it's lopsided on one side and then spout comes sort of takes its long, it takes its time to get up. And now what I'm looking at is I don't know if the high of 128.60 on the 7th of March. Now I better check because that gets smoothed out. That price could change and it has not changed yet. 128.60, the high of the 7th of March. I'll be going all the way there. That's why this is such a critical moment for so many areas. I'll be back in a moment. We want to talk about a bunch of stocks that I was asked about and then we want to talk about the follow-through. What are the implications set? That was a chapter. Thank you, Mr. Sauer. Hope you're back in a moment. Inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This-the-goals flagship asset is the Mount 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 a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, Educating Investors. I'm looking at three basic patterns all the time. Straight line up, straight line down, cup formation, arch formation, combination of one and two or one and three. Straight line down with an arch, floating at a peak A or a peak B minus, meaning that it goes below the left side low. It's usually very negative because you can go quite a bit lower after that. On the upside, the Y formation, the reverse Y formation, if it takes out, it's green and if it takes out the left side high in a certain manner, you can go quite a bit higher. So the three patterns are real simple. We've got a straight line, we've got a straight line down in the VIX index on the daily chart from 36.54 on the second of May, pulls back sharply to the 50-period moving average, bounces sharply and then goes to an A. It's a gray A because it's not over the previous high. So it's an A, I'll make it gray. It doesn't take more than a second, I'll do that. And then what does it do? It pulls back. If it takes out by one penny, the low of the fourth, 24.94, that becomes another leg down. In other words, that becomes a leg B. This is an A, that's a little mini A right there and if in this move down, it takes out that left side low, that becomes a leg B and it targets a leg B and if it goes anywhere close to 24.70, that 23.72, 200-period exponential moving average becomes a real target and that becomes the lower case H. Look right here. See the pattern? Sharp move down, arch fails in an A. Sharp move down, arch fails. In this case, I'm making it up in A and this is going to make that left side. And what would that do? That will allow, and this is what I've been saying to subscribers when I did my video on Saturday, I was saying under all the conditions that I'm looking at here, there is such an oversold an oversold condition in many, many stocks that were and used to be really important stocks. And that says to me that there's a chance that they could have not just a pop to the upside but actually a little bit of a rally and that rally says you've got to be selective and go to the ones that used to be favourites, the ones you've had before you've had experience with grab them, see where they go. So that's the volatility next. If the volatility next, at this particular point, I don't think it's going to go much above 30 if it does rally because the market suddenly tanks, although it'll be on the market side, but the technicals are suggesting that Green is so close to pulling back the 9p underneath the 14 to go to pink that will be the signal to say the VIX just for the moment is out of the picture. To me that's really important. A couple of things I was asked about SSYS, this is a 3D systems company, I used to have it all notated very nicely. Do we have either this or 3D systems once upon a time? I think we had 3D systems, yes. We've had them both with 3D systems is the one that we had that made us a huge amount of money, I think it was more than a double. So SSYS, nice move up it's a leg B and this is exactly what I mean about the beaten down sector. 3D systems, although what I'm reading, there are more and more companies that are getting involved in 3D 3D printing, but there's just no question that is one of the 21st century production facets that speeds up the whole process. So it is very important and I like it, I didn't understand quite why it got hit so badly maybe it's just because I couldn't make money I don't know what it is, but this is one that's doing quite nicely it's up at 1941, it's up more than that, it's up 13% up to 29 at 1941, it made a low in the 15 it's just four sessions ago hey four points in a $15 stock I would say that that's really impressive, but over 30%, that's very nice. Now what we're looking at is, so and then a question came in was it Tiger YouTube about DDD systems now I don't usually like to talk about stocks that subscribers have just got into, but once it was mentioned, I do have to talk about it so 3D systems is trading up $10.71 of 63 cents, it's good it's over the 9 period moving average, but absolutely it has to break at 1088 was the high today 1098 is the 14 period moving average, until these two stocks in this particular field start to trade, they can't just have pops like this they fail very look, it went to peak B before and that was beginning of May and then it plummeted, it went to lots of peak A's and failed, it went to peak C with a big dreaded H pattern lowercase H, it failed at peak C and that really was a big failure after that peak D high back in March, up in the 2019 area, so this is just the start of an attempt and if you look at the weekly chart, it is horrible so I'm just going to suggest to you that within the context of the rotation the favorability rotation in other words the stocks that had been really decimated this went from 56 down to 8 DDD systems February of 2021 they deserve a balance of course the market doesn't anything about deserving but just on a moral basis they deserve some kind of a balance and how they take that balance is going to be, is this a major buy? I just don't think these things are major buys just yet but certainly on a short-term basis they can have pretty decent rallies enough with that, COP was a question that is COP is Conika Phillips, multinational oil company trading near, it's all time high right now, 107.51 I had a round number close, yeah we've seen these round numbers I can just tell you this I would put more regard into the pattern itself than the round number if there was a pattern from here on in the next day or two where you've got a round number in this case just to say it pops to 108, that's an all-time high and then as an immediate reversal that goes to 105.50 within three days I would consider that number one the chance that it's made at least a short-term top and if 108 I'm just making up a number would be very important because if it's taken out it can actually go quite a bit higher so that's your level to watch on the other hand I would not be looking at shorting any of these anything in the oil sector it's just besides being too dangerous crude oil isn't letting go, it is still constantly in demand so I wouldn't be messing around with these things but as a long-term buy and hold for some of you you've been in for a while I know some of you have been in these oil sector stocks I would do this as it's going to new highs I think just in terms of money managing money management now if you're really aggressive and it was just up to you and you're nothing to worry about this is where some of the really big heavies would double up and double up and it's going to higher highs I'm saying no, you want to conserve as much money as possible use this as a treat to say hey at a high I'm going to take a little 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 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like an F slash A and a G slash B I don't have to worry about that right at this moment but what I'm going to tell you is that it's squeaked in your high I'm calling this an E in the daily chart and I'll show you something very interesting why does it always bounce to that thing CVX which is conica phillips just made in your old time high E in the weekly is this a possible F in the E in the monthly F in the weekly and a D in the daily so I'm looking at this and it seems to me that there's a chance on a very short term basis and I'll go to golden and a dollar there's kind of a relationship I'm looking at here that if it works it tells us one thing if it doesn't work it tells us another thing so you see the double top here the mag D this is conica this is chevron multinational oil and you see the way the mag D turned up and the stochastic says 79% the on balance volume is just a tad overboard but the other two are actually moving in sync very nicely the 9th period is way over the 14 so I 174 54 was the high that was made around about the 18th of April and if I do a vertical line right now you'll see that the technicals are in fact way way lower but they aren't really negative so I'm saying I need to be watching this for the next day or two because ExxonMobil safely made a new all-time high right now well another all-time high at least a new recovery high the high today is 92-43 now is this an A B E slash C and an F I'm going to put an F now to be as conservative as possible in the weekly I've got an F in the monthly and this is a double top is it a brand new A F slash B and a G C I'm going to be a little conservative I'm going to put both counts and what it does is oh yeah it's all very well to have a technique that says you could go up and you could go down what's the use of a technique like that no what it's telling me is everything's still positive it's made a new recovery high it's above the rectangle high it is a V shape pattern I can draw the vertical lines right here and tell you that at this peak F top roundabout may the second or third and the dojo candle we've got right now the technicals are weaker than they were then but the 90s the way above the 14 so that says you don't have to do anything right now if you're along these particular I would not be putting a brand new position on right now in the multinational oils maybe in some of the oil service stocks but not yet not not this time at the same time the question about us okay man which is the United States oil fund now I've had a couple of these charts not enough to make it like I've got a new technique or anything it's a technique I've always had but I'm going to make a big deal about it I could I some of you remember way way back I haven't watched this way yet for years maybe decades and the Simpson hairstyle you know how that spike you got those spikes it looks like a like an uppercase M with all those spikes or W well these patterns sometimes unfold and they often unfold within the context of a rectangle formation so what we've got you've got the low in USO which is the United States oil company roundabout the 14th or so of March and then it goes peak A pulls back this is your starting point this is your up arrow right here so whatever happens this is the level that you have to consider if you take this out you have to restart any buy signal so this low in the USO of 67.73 we've typed in it 67.73 that says that every every peak after this you know that's the rule of the Chapman wave count every peak and every truck because that Chapman wave is the way from the never sleeps is important so there's your peak A pulls back there's another peak A wait a minute there's another one lower down and here's another one even lower down so what it says is it doesn't matter because if you go above any time you've made this peak A and you go above it that's going to be a B but wait a minute there's another pull back and another A and a B and then finally goes to a C and then you get the Chapman wave overlapping wave that says aha now you can you should go not just to a C but to a D well we've just gone to a D in the rectangle formation when you go to a D above the rectangle high even if it isn't the high of the major high that was the USO high of the 8th of March at 87.84 remember that's when that's when Crudeau made his high this says just be a little careful because you could pull back into the rectangle once again I don't want to talk short or anything I'm just saying a pull back to to restart maybe restart for another big move up but that's the same to me when I put the whole package together yes you've got a rectangle in the weekly that says ah peak A B and leg C in a very quick motion you could go to a D just under right at or just above the previous high but this is working a little too hard to do it so I'm saying and that was about four or five questions about about the oil service and about the stocks within it so that just says to me now's the time to be a little bit careful yes we have an oil service and we were lucky to get pre-market yesterday and some people managed to get it and now it's up very sharply since then it's up very sharply I'm just watching this scans and saying okay you're good right now and what I've seen is have hit certain points raised to stop or take a little bit off etc but we've got to be really careful because this market is still highly vulnerable if you look at the a UNG which is the natural gas natural gas is at a really big move it's got the same pattern went to a peak F it's pulled back it's full the gap actually and it's trading at 28.50 this is the United States natural gas fund up a dollar 10 and that just says to me wow natural gas is still in play holding very nicely and this is one that could stay in a rectangle so that if it had to pull back towards the 28 right now they would pull back towards the 26 or 25.50 area is this where you want to buy it because it's in the rectangle it could just trade between the bottom part of the rectangle to the top part so I'm watching all of these things and the irony is a lot of the time historically we've seen where natural gas goes up oil prices crude oil pulls back or vice versa the other thing is this is the time where natural gas usually has a hiatus this is where it's made its top and it just sits out months months and months before it comes back again not this time because of the shortage so all of these things are in play and that's the reason why I'm saying don't think of a shorting you want to be adding or you want to take a little bit off and put it back a little bit off and put it back just to build up a kitty because they might be stuck in a trading band so that's what I want you to cover next question came in if the dollar pulls back sharply would EEM be the place to go to that's the EEM is the there we go EEM is the emerging market ETF at a very nice bounce gap up today it's at 41.12 it's up 80 cents it made a low at about 38 around about 38 just four days ago two points was a nice move up but the market chart is saying and the market chart is saying it's a lot of work are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make the best decisions of your financial future 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TFNN.com today let's get it 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 then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV Hi folks, so a question of the day is GPI and what I'm actually saying is once I'm getting ready to show GPI so GPI is this group one automotive let me just check AZO I haven't updated that for ages we had a fantastic short once with AZO and then earnings came out and dropped a hundred and something points it was really amazing yeah you know I'm doing a little bit of work right now I'm trying to do a little bit of research and stuff on what exactly is going on and what how the deal is on what they what they've got in stock etc so the idea that the automotive companies AZO AutoZone what was it AAP oh I used to have these all notated AutoZone ABCD EF in the in the monthly chart might become vulnerable as the as cars become available and people stop taking the cars in for all the repairs that you have to do holding your car longer than you want I think you're right I just don't know about the timing I I don't know I'd have a tough time saying that this is an area I want to short right now but I will tell you this if you are going to short what you want to see speed to the downside 170 say 184 GPI 176 is the 200-speed really average it's been fantastic support for almost a month now I do have to see it close under it and that will turn the weekly chart which has just gone to an L which means that the 9-period just crossed positive that would flip it back into the S for the cell and all I can say to you is you need to see 174 is it 183 174 with speed and any bounce 176 200-speed really average as a repellent so it immediately pulls back and makes a low that's the only way but if it to me I just think sideways for now in about three weeks time or two weeks time I wouldn't be surprised if I totally agree so that's just this is my own way of thinking right now now I know that you've done these things and the next day does exactly what you want so all I'm going to say is that's just my opinion Nike has given back all the gains on the day it did make 105 round number low four days ago hit 108 117 that's a damn good move on a very short-term basis and it did try to pull the gap it did pull the gap but it hasn't closed the gap no it hasn't closed above the gap and that just says there are just too many stocks that in this area that says they could have decent rallies but their major thrust of the downside has not formed the kind of base that says now we're done now we're going up let me just see okay someone asked me would I just go to gold gold on this particular moment is up six at 1820 so it didn't get to the nine period moving average and it's underneath the 14 period moving average in the in the weekly chart but look at the weekly chart so this is a pattern we've seen the GDX and we've seen in gold pattern that I talk about very often is this is called this is called the falling axe formation where prices run up and then what happens is they suddenly start to make lower highs and lower lows then they form a base and then they break that trend line the downtrend line the upper downtrend line significantly and go quite a bit higher well you can reverse that as well it's upside down you can come down down down and then make higher lows and much higher highs and then all of a sudden stall and that says watch out because you could come back and retest that upside low like the greater age well look that's exactly what happened in gold back in March to June and July and it's happening again and that just says to me gold is not ready for prime time that doesn't just say that the dollar is going to take the lead continue taking the lead and move significantly from here it just says remember I said Goldie Dolly Vixie Bondi and Oilie think of them as five separate things because when you look at the charts you'll find that each one is in its own world there was a point where the relationship was amazing but look here is the dollar goes to 105 from even just the most recent low at about 100 this is a big deal for the dollar it's made some kind of a short term the near term I should call it top it's got this huge thing in the weekly with a cup formation that says wow breaks out and goes above it this is the fourth week above the 102.99 high let's give it until Friday if it can hold above 102.99 for this entire week and close above it that's a that's a really positive if it closes under it says all right now it's time out and we'll see what happens but I am thinking think of them a little bit more separately and not not to be tied to it together and that's just the way I'm talking about and it's only a leg seen in the monthly chart dollars will still go to a leg D now the other thing that we're talking about a question came in about where did it go to yeah code says golden S&P and the correlation of the dollar it's only big in relation to what you're looking at but in fact this is not normally what they do so that's just my my thinking could be wrong with that's just my thinking now the other aspect is why can't we also treat as a leg B up or what was that us oh us oh leg B up us oh that's United States oil oh here no this is not this is a leg D this is a it's called it's a multifaceted by signal that gives you numerous restarts and then eventually you go to your D that's what I'm looking at that's what you asked me that's what you're looking at yes let me just go on CRM this is salesource.com it just can't get out of its own way and that's why I'm saying I'd be real careful we along the queues in a certain manner and we're taking a little bit off I'm not afraid to do that and if we have to get back in we get back if I have to step a while step away all I'm saying is it was extremely oversold I want to I prefer that to the ARKK and look at these stocks I mean salesforce.com always spoken about as a leader in the cloud well now's a lot of competition look at hack hack is the cyber security even that hasn't been able to hold a gain here from a leg D to the downside around about 44 bounces to the 48 level and now it's just stuck this is cyber security crowd CRWD look at that same pattern it's the same way something's wrong in this sector it's been wrong for quite a while why the cyber security stocks aren't at all time highs and pushing high and leading I just don't know everything we look around tells you who cyber is here to stay and it's getting worse and worse I don't know I explain it so we just have to step aside let's just go on the questions here let me go let me go yes this is very interesting Merck made a new recovery high it's actually I think an all-time high at 93 10 up 79 cents this is very good action and it's a leg E in the weekly chart I'm calling it a leg D in the monthly chart Pfizer PFE also doing it was doing very well but it's coming doing very well from much lower level coming towards a good group the average having to be in the 56 it's now 51 having touched 47 recently so that all the different things start at this point while this coming back opening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right 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you're not satisfied let us know and you'll get a full 30 days of signing up TFNN.com educating investors with market volatility roaring back in April Larry Pesevento has just announced a 5 hour live trading webinar coming up on May 17 Larry Pesevento is a 56 year trading veteran it has mastered his trading skills through many different market fluctuations join Larry on May 17 as you host a live 5 hour trading webinar from 9am to 2pm eastern time giving you insight into how he analyzes the market and the size of his plays Larry will delve deep into the ABCD trading pattern explaining how to structure your trading day the times most likely to generate signals which signals to ignore and how to use the pattern to mitigate risk in this all day 5 hour live trading webinar take a seat by Larry Pesevento as he trades the market's real time including the Dow and S&P 500E mini crude oil natural gas gold treasury bonds wheat and soybeans the euro dollar pound dollar dollar yen and more if you've ever wanted to get inside the mind of a market master you cannot miss this live trading webinar to sign up today just visit the front page of TFNN.com this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of TFNN.com hello everyone this is the time to conditions hour I believe Larry's students should be a fellow can you imagine a market like this Larry must be having a fall with all these attendees and his webinar going on right now I'm sure you could even join right now and then listen to the archives should be fabulous my show I believe is going to be replayed but most importantly what I wanted to say is look let's make it as simple as possible you've had this big move up you had the gap you've pulled back and now I always like to think of the day as either two sessions or three sessions I also like to think of the day starting somewhere around 6 30 in the morning we've seen that for months that if you got a lower 6 30 you can actually sometimes hold it all the way through a long position all the way through to the close or if you got the high you could hold all the way through to the low this is a now we're looking at a much choppier period and I think that the bias right now is that the tide is trying to turn up how long it can last is really important let's just go back one more time I believe as I say I think I think my show might be replayed in Mary's hour but most importantly what I wanted to say is within the context of the VIX index there we go it's down to 27 remember a little while ago it was in 26s if the VIX index rallies above 28.50 between between 150 that's 10 to 1 eastern time and 20.42 that's going to put a lot of pressure on the market into the close but if it suddenly starts to pull back and goes to the water 26 the low today is 26.49 if it takes out 26.49 the big surprise will be rather than dropping into the close there's a really strong rally I want to see this down candle either today or tomorrow I want to see a quote above 32.70 or at least by Friday I want to see that just to say yes and I'm a little proud that has a few on the way of legs to the upside of course it's going to be quite fun have a wonderful day, check out this video for more great videos and thanks for watching