 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 I'm the one Basil Chapman on this Tuesday October the 5th my pleasure to be here at 10 o'clock is the time and of course at 11 o'clock you can now go to Larry Pezzavento and I think a smooth Kevin Hings hosting is at 11 and then we've got no as it is at noon and then you've got Steve Rhodes and you've got Dave White and Tom O'Brien so let's look at the market does up very nicely it's up 250 at 34,250 look at this big red candle four sessions ago big green candle three sessions ago one session or two sessions ago we've got no it was yesterday we've got a big red candle and now we've got the potential for a green I love the sandwich effect what it really says is the direction you've come from is erection you should go back if there is a fourth candle in that color a big candle but we'll see this is just a start of the day we're not even 35 minutes 36 minutes into the trading day we're gonna see what happens after this and we've got up to 44 34,000 to 45 the pink 9-speed moving average is just at about 34,000 to 80 and then at 34,000 392 you've got the black 14- period exponential moving average in the daily I'm suspecting we've got the potential for an arch pattern that goes to a second artist that H that goes to a lowcase M and if we look at the weekly chart very very poor action and so this is a good this is the question the den was is this a balance is this a small dead cat now you know I've never liked the expression dead cat I don't know where I don't where it came from and I like the connotation I don't like the inhumane aspect even though it's just an expression it is just a balance but the balance can be quite quite high it could go all the way to the 34,600 level of certain conditions on man and if it does that if it goes over doubt goes over 34,000 650 closes above that then I suspect we're looking at the rectangle formation and what we're anticipating is that over a period of days and weeks you're going to suddenly get the bad news that says oh oh be careful and boom we come down but if we can be building a base between 33,700 33,600 the longer we keep that base the greater the chances are that if we dive down below it you can come back inside if right now there's a failure and we're looking at the end of the day instead of being doubt 260 points it is up just 60 and tomorrow's a down day a sharp down day that is really poor action because it means in the H pattern you couldn't even get a bouncer in your letter to the upside it just turned down I don't like that at all they that would not be good at all okay let's get back to the story of with the S&P the S&P also is up so the dow is up 0.76% the S&P is up 0.87% even bigger percentage but it's been underperforming it made a lower low yesterday and within that context is only a leg C to the downside more importantly what we're looking at is the weekly chart for the for the third week has gone underneath the 14 period exponential moving average last week it closed under the 14 period moving average but that nine period moving average is still above the 14 and that's a good sign but look at us this major trend line support it just went under it so we're gonna see whether or not now what we've done for subscribers of opening call we bought a stock that I've liked a long for a long time never owned it never even put it in the watch list it's just something I followed because I didn't quite understand what it did but it had earnings the other day and it had you know I talked about the aspect of a gap up or a gap down what I expect within three bars etc. this fulfilled everything all the criteria so we grabbed that as a long-position and started a long position in it it's nicely off the low that's kind of I'm doing this now also we went back into the Dow on the long side we've been long short long we've got a cool long position that goes all the way back to April of last year not touching that but we also have these trading positions and that's how I'm trying to do this so that instead of picking select stocks because that's really a tough to do in this environment because you don't know how fund managers are either getting out of or getting in certain positions I am trying my best to get into positions that on stocks that in this environment right now are showing leadership quality I don't know if this is going to work but we did get into this particular one I have a leg eight to the upside on the pullback maybe it's a peak a but it is holding quite nicely right now other than that we've got our core positions that we're holding they've had fantastic gains I'm a prepared to give up on the positions that we've got left over from having taken really good gains I'm prepared to see that diminished to a little bit a little bit and mostly how do you handle this environment and I think the answer is selectively that's just it's all I can say one two three QQQ up nicely up at one point twelve percent let's see we've got up three ninety six at three fifty six fifty seven and as I said right there that was about to the what was it the ninth of said that high was ninth the seventh of September three eighty two point seventy eight we were short on the ninth just about a point and a half off the all-time high and it plunged down to say gone from three eighty two seventy eight the the Q's have gone down to three fifty four thirty eight and and deserve a really good bounce they can even go to the nine period moving average the pink moving average at three sixty one point oh seven that's a possibility he has the other thing the weekly chart absolutely looks like a cell mode so this is a countertrend balance that's all I don't want to use that term but it is a countertrend balance and the NDX 100 these tech stocks they are I just need to do something I promise myself I would do that I'm going to get out of that position out exit oops wait no no no exit I just need to get out of something thank you okay that was quite a ride now let's go to this IWM the Russell 2000 IWM just in this range isn't showing leadership but it is showing holding potential at the same time it's all breaking down it's just kind of trapped in this middle area that's good action in this environment but I don't think is great action so it's stuck if you look at the weekly chart second the rectangle formation high of two thirty four point fifty two back in March low of I forget to put that in 208 I think it was in the 208 209 area and it's just trapped going in and out and out in the month of Charles gone to a peak C1 C2 and we'll see what happens after this now this is going to be very important if you go to the gold contract which is down very sharp down 17 at 1750 what I've been discussing is the reason why for subscribers I don't really want to go into gold at this particular point is because gold is in an intraday traders traders heaven you could just do there's so much you can do but not in the longer term yet or even an intermediate term why well let me just do silver because they kind of go together so goes down 17 is 1750 silver's down 17 cents at 20247 holding a little bit better now than gold but the reason I think that I'm talking about this in this particular fashion is the tradeable is the Bitcoin and look at that Bitcoin you see once in I would kind of call them investors once once you get people in the market that like to get trading they want to go for the most volatile set and fifty thousand six hundred ninety five Bitcoin is trying to be active in this life thousand five and look at that what the way thousand four hundred thousand it's actually like that that's where the money's going up 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 markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our 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 what's separating you from the most successful men and women on Wall Street that's right information having all the information gives us the perspective we need to place the right trades at the right time the task profile scanner is the premier market profile base scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2,500 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trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 home road we're back as a trap but as I said the Bitcoin it trades 24 hours just about 24 hours a day it's up 860 at 50 716 it should try to get to a leg see in the weekly chart so now I think Bitcoin is actually in play for more of a you know it moves so quickly I would like to say short term increasing to an intermediate term but when I say intermediate term I usually mean weeks this this could be a week or less but in the time I think it'll go above the high of 53,000 125 to start legs see over the coming week or two and key support will be at the 40,000 40 40 5,000 yeah 45,800 level all right so needed to show you high-grade copper high-grade copper so there are signs for me that say there are aspects of the market that are starting to improve they are almost separated in a way from what you can see visually every day when they look at stocks in fact let me just do this I'll move this to the side and right behind it something that I look at often not all the time look Berkshire Hathaway this is the most volatile list let me just see what what it is so Berkshire Hathaway is up fast net change is up $3 amazons up 50 shop Shopify is up 33 so this is a list of the of the the big percentage winners that probably I think what is it called I think it's got a name I don't want to get I don't want to mess things up right now but it's a volatile list all right and because of that I'm looking at this and saying okay that's kind of the area that we've been avoiding in a certain way so here we are high-grade copper says things are not great but they're not that bad isn't breaking down got to keep watching and always watch wood which is the ice is global timber and forest she ETF there it goes wood is down nine cents at 8486 yeah and this is telling me the bigger story that the world economies are slowing down a little bit I had a question let me go to the EM same thing EM can't really very much it's in lower highs and lower lows FXI same thing there having a bit of a bounce today in fact this bounce could last a little longer it's a 3812 up 46 cents I could say it could get back to the 3850 30 if it breaks into the 3920s all of a sudden we've got a slight trend change that we have to respect in the FXI but it's still more a bounce than anything else now let me go back to what we were looking at before I want you to finish up with the dollar is looking okay dollar is in fact up a little bit it's up 19 ticks of 9399 to make a PE top of just about 90 just under 9450 pulling back the Magdy's good stochastics okay now 79% unbalanced volume I don't get you because this doesn't trade as the dollar index we use the UUP which as a trading vehicle but the weekly charts is hey there's still strength going into the dollar and the monthly charts is yep there's still strength going into the dollar so I don't want to ignore that other things that we're looking at here as a EUR I don't want to think too much time your euro is pulling back again like like gold and that's what I was saying that the weight of evidence says that euro is coming down store hasn't formed the base this trend line right here insert chapter we've inside track suggested you got to watch the level of 1.53 1.153 very closely and we were at 1.158 at this particular point you just see oh TLT this is the Lehman 20th Treasury bond fund stuck it just cannot get out of its own way it means that the T and X dot X that is the 10 year yield is rallying a little bit it's up in the higher range I'm I'm cognizant of this this is really important the down trend line has been pierced the chapter we've inside track repellent zone and is now above that you do that just by going sideways but when there's a concerted effort where the Magdy turns up I have to tell you when you look at inflation this is a sign of inflation but it's only just beginning to show up in the yields and very often the two don't necessarily have to go together but they do often go together and in this particular instance you've got the right here you've got the tenure at 1.5 2% that's 15.2 to 1 on my chart and that what we're all looking at is within the context of trading ranges we're just in the trading range for the for the yields at this particular point when you start to see concerted weekly higher highs in a quicker time frame without taking a few weeks to consolidate and you move to the 16.3 area 16 1.63 that's going to be something very different we haven't done it yet a question but then am I to surmise that oil is holding up the market no no no oil is a sector that has been absolute I don't say on fire but it has been it has been in rocket mode and certainly this oil spill hasn't helped and I was about we did have the three-day consolidation I said I think we in for a brief consolidation that was last week we were in the 74 7660 area and we oh wow three days of consolidation boom we broke out again because of the weekend news no I'm just going to say that I'd like to see crude oil moving higher I think there are there are other aspects to this that are also holding crude up it has to do with marketplace it has to do with does have to do demand but I think it's at this particular point a little bit less demand than it is although you if I on the road the other day I mean going going coming back from Western mass the mass turnpike was just shock a blowout was moving very quickly but full absolutely full so you go anyway there's a lot of traffic so that's part of it but I think there are other other aspects to this that are really important in to crude oil and I'm calling this enough and as a characteristic of more of a be at this particular point but I do think that crude oil having moved into the 79 area you're saying it's starting to bump into potential let me just see let me use the Chapman wave automated resistance levels let's go to crude oil here continuous contact contract yeah 79 53 is the weekly that's the last one above that it goes to the weekly of 80 points what is that 80 points 40 to 91 point 40 so there's no question that this is a spectacular move in crude oil it does have some resistance levels intraday 7898 it's at 77 58 right now it has gone to 79 18 so it's bumping into the resistance levels otherwise it goes all the way to 86 that's that level in the monthly chart are going back a couple years well come unbelievable yeah and that that is both a positive and in a way it's a negative so it's the if you look at the OH look at this how it's lagging the OH is in a leg E in the week in the daily chart but it's only a leg C in the monthly and that all-time high that was made back in was it May June during the week of the fourth at 248.09 we slumped all the way down to the 160s and now we're at 214 a lot of catching up to do so this is a sector that for subscribers I keep saying we've got to get in we haven't got in we've got some fabulous entries in other things so it's only upsetting because I'd be like to pick the sectors that are working for us to be in that's the way this so yes oil is a very important part of this and so far it's been a plus and if we look at jets which is the airline index it is I'll be back does it happen does it work are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tigers then trading room only at tfnn.com the Tigers then is an exclusive trading room where successful traders from around the world come to 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So I was doing a little cleaning up never never voluntarily but I was threatened that I got to get these things tied up and I went back and I had all of these newsletters I couldn't I can't imagine how much I still put in hours of work every day for my newsletter and I had these newsletters going back and in one of them I had a picture of a Tucker a Tucker automobile 1948 Tucker automobile I'm trying to find here says Tucker 48 torpedo those are these are posters I guess let me just see this one right here oh look at that I didn't have that look at this this is a Tucker look at that look at that one there look at those side torpedoes really like a torpedo anyway and I discussed it because I was discussing it was 1998-99 I was discussing how automobiles were going to be very important we finally get the next big top which of course was January 2000 anyway so we're at this particular point I'm going back into the automobile sector to start looking at cars and the designs are starting to get back into that sort of thing is design is very important anyway let's get off that I had a question should kind of show BBBY BBBY not BBBY this is Best Buy coming a nice balance in fact the Best Buy just the other day down in Watertown when I was there I didn't go to it I was going past it I had a lot of cars and that's where you go for electronics I mean it's one of the easy places to go to and they do help you quite a bit but look it had a big plunge from the hundred and twenties down to the 90s and now it's at a hundred and seven a nice day today up $1.83 if you're thinking of going along on this even in this environment look the best thing is at a hundred seven twenty nine start a position start a position and figure out what I would ever say at $100 I normally would say $3 stop 350 it's kind of what we just did today we went into our stock at 113 this now 150 and 64 it just gives us that cushion I had a three-point stock and it got within just just barely we got mostly mostly by the low of the day but that's the only way you can do it so if you like it this is where it should bounce but I would only treat it as a balance it's got tons of resistance 107 81 is the 14-period moving average resistance 111.03 is the 200-period moving average it's crossing the 50-period moving average so there's a lot of resistance if at any point in October it closes on a daily basis above 112 it's only five points up from your 5% in the hundred and 12s I would suggest to you that it's more than a bounce that it could actually have a nice range even though it doesn't it's sort of stalls out to the upside but it could have higher highs and higher lows at the same time it would be building a really nice base so if anyone's interested in that the question came up could I look at BBBY and BBY not BBBY that's terrible dead bath and beyond BBY is the best buy it's kind of I mean it's there look all-time high peak see it should still go to a deal those could be a little time out here but yeah this is the way to do it don't be afraid don't be afraid unless you say look I'm just going to yes yes Tucker they look quite spiffy something like a very very upscale studi-baker not the studi-baker the one that I always love studi-baker a friend of mine had one in South Africa studi-baker not the lock studi-baker whatever it was anyway the other studi-baker had a slightly different design okay so now let's get back to our story here one of the so we did that we did that we did that questions come in okay Neumont mining really I just typed that and I think I typed it into the wrong the wrong window Neumont mining any oh no I didn't want to do that oh my goodness oh Neumont mining oh no I was gonna take a little effort here on my part so let's see let me just go here if I remember correctly what I'm going to do I'm going to go here and say format this is just one I got this mouse is I love the mouse is quiet it's portable it's just tiny but boy it's so quick it's so easy to hit the wrong thing expand the range fixed range I don't want fixed I want custom oh no where am I going to go for this automatic range data expand range I just for the moment I'm going to go to here and give it what is training it now this is make it a hundred ninety one one ninety oh please please help me out okay okay close oh I hate this oh no oh this is terrible this is not just terrible but it is unbearably terrible all right so Neumont mining will go here Neumont mining NEM NEM I'm just messing things up further and further so the question is I'm just going to cancel it out so the question is so hi Basil NEM has been a rectangle since 9 17 21 yeah this is a small rectangle correct as you often say a rectangle can last a lot longer than well he says as you often say rectangle can last longer than my patients I've been wanting to load up on NEM for Christmas run upward however I'm hesitant here as this rectangle can be building cause to take another leg down what are your thoughts thanks Hector so Hector look I I would prefer when especially when it comes to a gold stock I'd prefer prefer to move with higher highs and higher higher lows yeah golden hope it's at 53 53 it's down a dollar 14 it's actually making lower lows as we speak and if you look at the weekly chart it's not good I'm just going to suggest to you that two things one is for instance this I I'm going to use myself as an example today I was absolutely sure that the market would have a big rally so I went along the futures S&P futures got stopped out it had a little pop then it got stopped out I did it again I did it again I did it again I did it maybe five times because I was at each time it had a rally but the S&P was acting horribly it just kept on getting just breaking and then finally when I got it right and more than made up it all more than made up the game so I'm going to say to you I'm using this as an example that's all just if you have a mindset if you absolutely convince them that mindset and look that the dollars up 380 60 S&P's up almost 50 points so absolutely was the right thing if you are if your own analysis says that there should be a rally in the gold stocks and you mind you want mining in particular try to separate the technique of getting in to the mentality of idea fix say you know there's a bullio's had his fantastic Hector bullio's had this fantastic absolutely an unbelievable piece that he wrote for his conservatoire final exam to graduate from the from the Paris conservatoire and it was called simply fantastic and it's got this idea fix say an idea that just keeps repeating keeps coming back so I'm going to I'd like to take a moment to deal with that when we return about your idea fix say and reality I'll be back thousand 387 I'll be right back 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 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology this weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37 and 50 cents sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade L.A.B.U. or L.A.B.D. directions daily S&P biotech three times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC don't forget you listen to TFNN live on your mobile device 24 hours per day go to TFNN dot com and hit watch Tiger TV that's TFNN dot com and hit watch Tiger TV folks well I did manage to get back unfortunately I keep remembering now to keep saving so now that I save I just lose a little bit of stuff I lost the notations on my my very short term charts but that's okay that's the e-mini so you want mining so this is what I'm going to recommend try to get that idea that you you're anticipating and I'm also anticipating sometime towards the end of the year we can have a decent rally in gold but I want to see that I want to see strength look the monthly chart on you might mind you just took out for the second month is taken out the low after the peak D top and that was in February of this year went to 54 18 before dad that big spike a rogue wave spike to the upside in May to 75 31 and now it's gone even lower so I try to separate your ideas from the technical veracity that you're looking at right now and all I'm saying is we're making low lows and lower highs so what I would suggest to you is if there is a move you might have to sacrifice a pointer to to the upside but the downside is an unknown because even on the weekly chart look at this for this is the the third week that the price is down and you know my rule of the arch formation you've got two to three weeks to close above the left side low in this case the low off the 26 of Feb at 54 18 so here's the way I would do this instead of saying load up why didn't you say I'm going to enter new month mining here it's looking terrible but it's in a range and it's got a pattern with this rectangle formation that says at worse that even if it pulls back to the 52s it could bounce back to 53 50 54 20 and give me a second chance to try to make it make up my mind so if you want to start a small position here at 53 38 that's keeping your mind that it's not yet ready for a big turn it hasn't given a signal it'll give that big signal if it starts to trade your 56 80 to 57 56 55 60 to 56 20 at any time in October it'll say ha I'm breaking to the upside so you could just nibble nibble on the position right now so now you're in the game and you said to yourself okay I've got a one point or whatever it is that you want to as a stop I wouldn't go more than one and a half points I just I wouldn't give back more than a couple of percent there's just an experiment just a nibble and then if it starts to turn I would start thinking of adding incrementally as it makes higher highs and definitely higher lows but that's the way I would think about it and it's not quite a rectangle although I'll draw the rectangle in because it's gone to lower lows it's out of the rectangle the base of the rectangle but that's okay and the bank is rallying but the price is failing so there's a divergence here which could turn positive but it hasn't yet so just keep in mind not only that you also have to look at the price of gold all right I hope that helps you so yes a rectangle formation you lost a lot longer than your patience yes it's broken below but it hasn't closed yet below the the most recent low bar which is at 53 26 below today's 53 21 pretty close but so far holding okay but if you ask me where would I want to get in Newmont mining I'd much prefer to be get the turn and mine strength than weakness that's really the issue so the rectangle formation is in play is dipped under it it could go even a little bit lower and I wouldn't want to start a position unless I was just nibbling to get a feel for it in real time because once you own it you're watching it a lot closer I hope that helps you and yep all of these are on my mind I'm just going to show you the ASA ASA is the same thing it's making your arch ASA golden precious metals same category it's got a little bit more strength because the magnet is starting to improve the Newmont mining is not this is a better one in chart formation and it hasn't taken out the left side low that's a much better pattern that I look at at this particular point and ng which is nova gold has had a really good move off the low this is just a baby nova gold resources at $6.99 so there's a real mix in the whole aspect of the gold stocks so you have to think of it both in a unified sector formation as well as your individual stock hope that helps you okay next thing I had was Mars which is I spoke about this yesterday the mosaic mosaic company phosphate and potash made a new leg c in the monthly chart a leg c breakout this is a leg c as far as I'm concerned with a buy mode in the weekly chart and a leg f slash b in the daily chart I like it very much and I can't remember the question whether you had it or not um just let me go back to the very beginning of my show here and the question was uh oh where was it the peaky can you just phrase it again I don't I'm not sure you're in this and you had a question about it and I wanted to do it as an analysis rather than to say um yeah so I'm just going to do that if you're not in mosaic in Australia 38.66 at a new recovery just about a new recovery high the magnest strong statistics at 88 percent fabulous on balance volumes are tad overboard do I like it I like it a lot do I like the sector I don't really follow the sector but every time I have to remember what is the mosaic again and there was another one there as well I'm just can't remember it used to be pot potash that's that must have been taken over because it's disappeared um so phosphate and potash is in play I like it how do you play it this is different to the stock that we got in which is making the same kind of pattern with the recovery high um because it is a in a sector that is doing really well in this market environment so now I say okay well mosaic is in a sector that's doing really well so this is the way I would look at it start your engines just get in get a position this is a little bit different to pneumon mining here I'm going to say a little bit more than just an entry just get started in other words it's not a nibble this is where you you don't get the full position you don't get a small position you get a position and that's a starter position and then you have to deal with it after that if it rally sharp and you've only got a starter position it's a pleasure to have to say oh I wish I had more if it takes a big dive after this then you say great I'm so please I had a starter position we there's nothing wrong other than the price has gone higher then I would like to enter it for the safety sake that's all I would prefer it to 30 37 10 to 36 10 area just as a starter position big deal so it's over two and a half points higher if it's going to go much higher now let me show you something this is what I like to do with these charts once you go look at this do you remember when this was on fire back in 2008 when the market tank this continued higher it went all the way to 160 something what was that 160 163.25 in June of in June of 2008 had a little bit of an initial dip just in five months it went right down to 20 something 21 I think it was 21.94 I would say that's a little bit of a dive okay and then it runs peak runs peak a peak b peak c peak d and it goes to a high of February of 2011 at 89.24 and then it takes a little bit of a dive and the most recent low was at eight at six dollars and 50 cents and now it's at 38 and when was that that was March of last year I like this chart I think it's got something going for it so mosaic is in play I'm just saying risk reward I wouldn't get a big position right now let's start my position oh that helps me sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors markets can rise and fall like the tides subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis his Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 your subscription to the opening call comes with a 30-day money back guarantee as well as daily market updates on key indexes stocks and commodities ride the wave sign up for the opening call risk-free today are you looking for a secured investment which pays you on a monthly basis the Tiger First mortgage program may be the program for you the best rate on a five-year cd in the country right now according to bankrate.com is paying 1 per year a $1,000 per a $100,000 invested the Tiger First mortgage program pays 7 per year paid monthly on secured high value buildable properties in St. Petersburg Florida the investment is for four years paying 7 per year a $7,000 per $100,000 invested your investment is secured by high value real estate in St. Petersburg Florida your investment can be anywhere from $100,000 to $500,000 do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured Tiger First mortgage the Tiger First mortgage program may be just the program for you the Tiger First mortgage program pays 7 per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 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 oh yeah yeah I was just asked if I could show that post again yeah this is Taka this is oh Jeff Richards Taka oh well this is just a movie Taka oh there was a movie on this guy Taka yeah he was a designer look there yeah so uh all I can say is very interesting we've got the same thing happening now in the 2020 2021 2022 era and it's happening in the uh even even Rolls Royce has decided to get some real design in their cars because why they didn't produce very beautiful cars okay um beautiful in luxury yes but I'm just doing my design Bowser you read my mind with the VIX I find myself drawn to the long side of the UVXY the VIX technicals are weak yeah that's what I'm looking at so look at the VIX index the VIX index after the selling that we've had lately look the VIX index is down at 21 down a dollar 96 8 8 percent I suspect that the VIX is going to be pulling back some and as the bad news comes in it's now going to have to be even more serious bad news than it was to knock that VIX back up rocketed up into the 2580s um and at this particular point I think the VIX just needs a rest the QQQ let me just sum it up the QQQ needs a rally it's getting the rally it's a nothing rally it hasn't even gone above yesterday's high I think by the end of the day there's a chance we will there's a chance by Wednesday Thursday we try to head towards the 360s at 357 right now if you're looking at the Dow INDU look the Dow nice move up above yesterday's high is what we were wanting that's why we went back to the long position and we'll see what happens and all you can do is treat it first as a trade and then if it holds and it's even better great but you've got to do your homework you've got to do your planning and that's it look at the S&P the S&P was lagging a lot now it's gone above yesterday's high there still needs to go quite a bit high needs to go into the 43.65 area there's a 43.58 right now so with that said be very selective don't be afraid at this particular point to put on a buy and cheat on as a short-term trade and if it happens to do everything you want to plus that's a bonus have a wonderful day I'll be back with Tom and Leighton on this afternoon stay tuned you've got a very personal way to coming up and I will be here with the market updates in the future check out