 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 everyone, Basil Chapman. Tiger Technicians Hour. My pleasure to be here Monday through Friday, and here at noon until 1 p.m. at 877-927-6648. Now, here's a question that I have. In these three little candles, let me just show you this very, I'll make a close-up of it. See these candles right here in the dow? Peak see at 26966 pulls back, and the moment you go to 26967, you've started leg D. That's a floating letter, and that goes on until it makes a peak. Well, yesterday there was a doji candle, a beautiful plus sign, small candle, after the, what is today? Today is Wednesday, Tuesday, Monday. After Monday's tiny little doji candle, there was a slightly bigger one on Tuesday, ends with a plus sign. My rule of thumb is, when this happens at highs, going towards highs or at highs, or going towards lows or at lows, there's a rule of thumb. If there is a close below yesterday's low of 27290 in the dow, and we're at 27303, just above it, we've been below it. If there is a close below it, it makes the closing price, the doji open and close, around about 27349 to 27335. It makes that resistance, and if the second day, there is, after that, there is a close below the first day's low, it means that you've probably started some kind of a down move. All right, so making it real simple. The mag D is so strong. Yeah, this is the mag D, the moving average convergence divergence, the temperature differential in green, very much above the slow moving average of 26 periods, exponential moving average, and the stochastic's still in 97%. And that's the reason why I say to subscribers to my opening call, because we've been long from the July, from the June 3rd low, just off the actual bottom, but that very day of the low, we went long, and we've stayed long, taken just a little bit off. But I had to say to subscribers, this is where there's a tremendous amount of upside resistance coming within another 30 to 50 points of certainly where we got yesterday. That high of yesterday of 27,397, said to me, and then a pullback after, said to me that whole, that inside track resistance level is going to be kind of formidable in the very near term. A close decisively above, it says, no, you're wrong. That's almost like a halfway marker with the doger canner. So today's close is very important. One of the reasons why we took an action yesterday, just seven points off the doubt top was because my thinking was that it's a good initiation position. But if you look at this chart that I keep showing here of the exponential moving average, sorry, the nine and the 14 period exponential moving averages, look what has to happen for the Dow. You see all these automatic resistance points? Look what has to happen just for the Dow to touch the green nine period exponential moving of 27,124 and then to break it and then to go under the 26,891 14 period moving average just as it did last time when we went short just before the day of the last top because this whole process took about one, two, three, four, five, six, seven, eight, nine bars, 10 bars already before you got a crossover confirmation in the moving averages. So this could be a process and if we had to do that to the S&P very similar and the S&P is at this particular point it has touched the green line unlike the Dow and that says it's getting closer and closer to making that resistance and that level we're at 2996 and that level right now is 20 ooh, is it a little hard to see 20 I'll do this, 2993 a close below that says well the next level of support is 2971 the 14 period moving average and yet, look what it's going to take it's going to take really bad news or a very sharp opportunity to see what's happening right now Dow's down now 56 S&P's down almost nine so we're looking at a process unfolding right now limited upside and we'll see how the downside support levels are going to hold so that's where that and most importantly all the weekly charts are still very strong and the QQQ right now has that extended it's down, oh I just did the wrong thing QQQ 123 there it is it hasn't gone to the 9 period moving average of 192.15 it's at 192.89 I think it's going to touch it over the next couple of hours and then the same with the IWM the IWM is under it it touches the 14 period moving average of 153.68 and it's trading at 154.65 so over a period of the day it could start to pull back and the money goes into the small gaps so we've got that and the next thing we want to look at is the what we're going to look at is gold using this particular technique now look the 9, the 14 but didn't even get to the there we go GC right we got to the 14 period moving average exactly this morning 8 is the low is the support and this went to 14.01.3 could rebound I'm 13.2 right now this is very good action but I'm still saying I don't like to draw on this chart but you see what we've got here we've got a rectangle formation so close the size of close above the 14 42.9 high of the 25th of June would be very important and that would suggest we've got a new wave and if you're looking at silver look what silver did that is a spectacular move absolutely a fabulous move just didn't even break down 9 period didn't even go underneath the 14 and this is very good and if you're looking at the dollar right now the dollar is trading down 19 cents it's kind of stuck in this range it's had a very nice balance 97.57 is the chapter we've automated resistance levels all the way down to 96.34 you support TLT is going to be very important at this stage TLT is up 86 cents at 131.44 it went under the 14 period and the 9 period moving average and it's trying at 133.45 it needs to get somewhere into the 132 going to the 132 suggests that yields are going back down again but if it's just stuck here in the range well we'll see what happens so here's the TLT let me show you how it went out of the rectangle formation remember rectangle formations can last a lot longer than your patients there it is and now we'll be right back in and yeah 132s goes into the 132s that'll be a positive for bonds alright we've got John and Philly John how are you alright well thank you for taking the call and I am calling in sir to question to you regarding the indices which you just went through Basil you do a much better job than I could ever do on attempting to formulate what might likely happen you know a month or two or three down the road so since I'm limited in that regard I'd like to try to understand what scenarios are possible we've got a break we'll be right back let's talk about that hold on Taz Profile Scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the Taz Profile Scanner is a stand-alone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl Taz 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 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We even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors call now toll free at 1877-927-6648 internationally at 727-873-7618 I remember back hopefully John is still holding on John you're there I am Basil okay great sorry we had a break and I just had to interrupt you for a moment so your actual question right now is yeah so yes here's the question since I personally am limited and do poorly at forecasting out a month to three I like to I found it much better for me effective and successful to try to understand plausible scenarios going ahead look for clues for the scenario and then trade accordingly so with that in mind I am looking at the S&P in the Dow and asking that question is this very strong rally one that will extend alternatively are we completing something where is short is setting up so that's the question I'm asking myself and the question I have specifically for you Basil and your Chapman Wave pertains to your Chapman Wave labeling of the monthly chart both the S&P and the Dow and I see how excuse me the September October 2018 peaks on the monthly you labeled a Chapman peak E on the S&P and on the Dow was a peak F and we have the decline fourth quarter and now we've rallied to higher highs my question whereas in the Dow in the S&P monthly today our preferred Chapman Wave labeling is a new leg A my question is it legitimate to have an alternate labeling where we have on the S&P a Chapman leg F right here and a Dow chart leg G that's the question okay let me just explain for folks that are perhaps for the first time listening to the actual wave count itself let me just get to this quickly and then we can go straight from there patterns template so basically folks will be looking at the Chapman Wave we try to identify the lowest low and we can't eat successively higher peak when you get to the fourth highest peak peak D that's where other things can happen but you can go to E F and G the patterns we look for are the arch on the cup and the combination of the H pattern which is the straight line with an arch and a straight line up with a cup alright so now we've got that and this is what I wanted to explain within the context of the S&P if you go from the low that was made February of 2016 at 1810 and merely can't eat successively higher peak you get to that peak D right here and this was January of 2018 that was at 26,616 S&P was at 2872's and then there was a pullback and it went down to the 14 period moving average and finished it completed that upside move as the price went to a doji candle high 2940 and that was the high that was made right then in September the dowers high was in October and then there was a very sharp decline 2940 to 2346 and the Magdi turned down sharply sarcastic really took a hit and now we've got everything in place to say even though it's the middle of the month a day or two after the middle of the month the Magdi has finally crossed positive as we speaking over the last couple of days and that is a good sign especially if it's happening in a buy signal to buy mode in the monthly charge now the big question is this John pointed out it's a very good question it's an absolutely valid question are there alternate counts well if there was an alternate count then this nine month correction from the January 2018 high on the Dow to the October high of 26951 of 2018 and then the nine months after the 712 to yesterday's high that is already used up a bunch every almost other month we've had a peak and now we're in a leg C to the upside yes you could have an alternate count G slash C and because in the Chapman wave a new buy signal is cancelled completely if you go below a peak D the low that was established back at 20 well around about the 20,300 20,400 in 2017 we didn't get there we went to 21712 so this, yes it could be a continuation pattern just to have a really monster three a rising trend line you can see this is a trend line here and if I go to the S&P it's the same thing SPX I just finished it up I just drew it in the rising Chapman wave inside track repellent zone so yes it's absolutely legitimate John to say why not have a continuation of the notation then to have something fresh other than this the decline from the October September October highs in the down the S&P down to the low that was made December 24th or 26th depends on when you're looking at it and if you look at it the value of such consequence the rally that we've had has been so powerful that someone next has not all not the IWM not the New York Stock Exchange but some of the indices have gone to all time highs the key ones and that says to me that no matter how I cut it you can think of this as just one bar from the December low to where we are everything that happened for almost two years so I just I just don't see how I could call it a G except I could have a serious pullback and then start with a mini A and a mini B and then try to play catch up in the end we might land up at a peak B whichever way we count it but everything about this suggests that this is a brand new buy signal to buy mode in the down the S&P based on the criteria that I like to use especially the fact that you've gone from the low of December as soon as we started January you could start to count that was the idea that you might be able to start to count the peaks because you had made a trough that means there was a higher low from the December low to January and now this is one leg up it's still even now it's in leg A even now if August has many a high above the high of July's high that'll extend leg A I like what I see can we have a pretty serious pullback yeah I think we can but to see the S&P I don't know what's going to take it down to the 2847 2802 9 and 14 period moving averages and then break under that I can see it going down sharply I just nothing here suggests that and it's not a head and shoulders because first of all it's just a sharply rising format the right shoulder now is much higher than the head so that's negated that I've been saying that all the time not in my work can you get a head and shoulders with a V-shaped trough down to 2346 from the 2940 without restarting if you want to hold on there's quite a lot to go because I wanted to show the resistance levels that's what I wanted to say so far thank you Basil thank you very much I will talk a little more about it as we come back thank you John we'll be back I'll be right back S&P's time almost done 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 that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion and he also provides a free trial of the opening call newsletter right now you can get a 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your 2 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's a perfect time for a 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 least resistance newsletter using a combination of equity trades along with options 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scan thousands of stocks for Fibonacci formation setups including guardleys, ABCs, butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks and training to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com for more information just click the thinkorswim banner on the front page of TFNN.com we're back, I just want to finish this discussion that I just had with John from Philly the S&P is trading down almost nine at this point now these are the autochop and wave automated resistance or support levels the light green actually turns out I should have made it red but that's the way it is is the resistance you can see from the 10 minute chart 3000 today and what was the height today today so far is 2 and 9 I don't want to mess around oh there it is 3000 and 5.28 so it's just gone slightly above it and now it's pulled back and that's what if I go to the 120 minute 3,016.33 this goes to the fractions it's not like the E-mini trades in quarter quarter points 299.09 is the support every 2995 so we underneath that support that's 120 minute chart but look at these resistance levels in the data 3,016 3,020 3,027 that's all on the upside 3 upside resistance points break out 3,099.11 any big breakout and then look at the monthly chart when it had that September high that was at 29.63 look at that, that's pretty darn good then the support was 22.65 what was the low 20 23.46 so and now on the upside we've got 29.82 went above it the next one is up to the 31.84 level in the monthly chart so you can see that I've got a lot of resistance levels to overcome if there's a break into the 30.32 level at any stage in the next few weeks that's a break out of all the resistance and then it's open to go to the upside even more and the interesting thing is look I've got very little on the downside for support so that kind of opens it up so I just wanted to show you the automated stuff I wanted to show you is within the monthly chart look at this beautiful technique that I developed a long time ago called the Chapman Wave inside track repellent zone now you can see this line going up here says we're into that level right now we just went to the upside of the green dashed line didn't break out above it but look at the MACD the MACD is still very strong and the stochastic is at 95% I have to tell you it's going to take quite a whopper of a pullback to get those down to the territory and look at the monthly chart the MACD has just turned positive it is up 0.95 it's the first time it's been green since it broke down that would be back in November is when it started to go negative so this is a fabulous move what it would be it's taken 8 months almost 9 months to turn positive and the month isn't finished this is just like mid month the stochastic in the monthly is at 85% that's very good action I just on the very short term the reason why for subscribers we actually had a short position set up within a tick of the all time high and that's just the trading position I'm not changing the so far the intermediate term long that we got on June the 3rd I have no intention right now of doing anything with that I don't mind having a special trading position alongside pulls back it's just part of the game I don't know if I don't see any way I'm going to be able to get in again with subscribers in this particular move in this particular pull back unless something really terrible happens and then we'll have to bail at some point but at this stage I this is good action that's all I can say so day is young anything can happen and we'll see things unfold radio show could I do snap snap is trading out for Hector let's see yesterday snap out close around number 15 00 what can you tell us about this theory going forward thanks Hector so Hector I'm looking at snap you had mentioned it a little while back and it had a fabulous move we went to not all time highs but a nice recovery high up at the 16. 24 level on the 12th of July announced trading at 1495 having gone to days low of 4056 you can see the MACD deflected lower that's a negative and the stochastic is still very negative on balance volume pull back so my reasoning would have been I like to look at the round number it's a different methodology that I used in a doji candle with a round number but in this case I would have said to you it's pretty much the same thing that if there's a close today below the close of yesterday 15 round number 15.00 in snap there's a good chance that if there was another pull back the big test would come on in this case the 9 period moving average the green line of 1513 a close above that in two days is hey nice save but now you're going sideways a close below the candle low of the 9th 14.80 would suggest that we actually going lower than we're probably going to test the low of the 2nd of July of 13.98 so that's kind of what I would have said to you days young anything can happen it's only down four cents right now if there for this to be like a buy signal came to a buy mode in the right here let me just do this live so this is the 120-minute chart what are we looking for we're looking for pd at least so you go a b cd then it extends to an e and f and this is what John was talking about in the monthly chart of the s and p yeah that is a g look the magd deflected it didn't even cross negative it deflected low even though stochastic was going down but look at nicely the 9 period and the 14 period moving average held now I could put I can say snap is in a cell mode in the 120-minute chart if today is a negative close below 14.93 I'd have to say I'm going to put it down at a peak f and it's going to take a new move above the high that was way over 1624 was it to really negate that so far it says to me snap is in a choppy sideways to probably down mode right now it accomplished everything that I need to do in the short term peak f in the daily peak g 120-minute chart 14.47 is key support at this particular point and it's trading nicely above that up 30 cents above that at 14.95 so and the monthly chart is still very good so I think this is just a consolidation at the weekly 200 period exponential moving average in a peak e possible this week and magd and stochastic are still good thing needs a little time I'm suggesting to you that if I draw in a pattern right now it'll be drawing in a rectangle formation on the right here to see if there can be a nice reverse head and shoulders pattern and it has a very strong of this 14 14s area hope that helped you our next question I had was really old transports IYT and CSX came down sharply peak is exactly like snap look peak f sharp pullback bank these still good stochastic still good CSX is part of this and it's trading at 188.10 in the IYT the Dow Dow Jones Transportation Index ETF minus 6.06 not a good move at all this is suggesting I'll draw a rectangle right here I'm suggesting that this is an area that's in play and that's the whole 184.25 to 182s over the next couple of days alright question I had was in the XLI which is the real industrial or at least it's better than the Dow oh I never finished that don't give me a chance to put my notation I believe this is a peak DB mate today still very good action I'll be right back Basel Chapman Dow has come back a little bit down 46 S&P's down 73 it's a tough one they just gone dragging into the minus 100 area we'll be back Steady market and looking for a secure investment the Tiger 1st Mortgage Program may work for you the security for these first mortgages are building 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, 4-Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Yeah, so looking at the E-mini down 7.25 at 2995-75, we've been all over the show a high of 3,013, round number high, then 2993, round number low, kind of trading in the middle of 299-99.50, and I'll just make it clear, any move above 3,004, don't make it 3,005, that holds for two 5-minute bars would suggest that there's a good chance that the market closes just moderately mixed. Maybe even up, but I think more like mixed. But if there is a move below the 2995 level yet again, I'm not sure we're coming back from the 2993 low, I think we'll go right through that. So we're at a very important moment and one of the reasons why I keep telling you that even though there was a great signal yesterday for me and subscribers, there is just too much strength in the tools that I use to say that this could be, unless it's a real bad news event, just plunges lower. It could be just choppy consolidation for a short period, and then maybe we'll go down later, but at this point, choppy is what I'm looking at. The XLI down 1.2677.30, making a peak D as we speak, a kind of a double top in the weekly. This is the true industrials. This is the S&P, let's see, I'm just moving that. This is the S&P select industrial spider fund trading at 77.31. And yeah, it says that there could be a little choppiness here, and that concurs with my thinking. Okay, question I had, where was it? I saw it in the thought, that's a great question. Yes, SMHs. SMHs hold very well, even to date, it's up 75 cents, and 143. This is going to be a good clue for us because you've got in the week, you've got a Chapman cup and ladle breakout, the shorter term pulls back, now it's making even a bit, now it's making a real handle formation. And if there's SMHs, semiconductor ETF, market vectors, market vectors, semiconductor ETF at 1.1483 can close above 117.30 in the next, I would say by next Tuesday. That'll be very good action. Otherwise, it's going to pull back, chop, chop, 112, good support to 110. And I think that's kind of the story right now, that those are the numbers we need to look at. No, oh, question I had about the XLF. XLF, remember, is a little different to the BKX, the Keith Bruitt Bank indexes that has a mix of banks. The XLF is, has to be select for the spider, financials trading down 11 cents. So yeah, what was the JP Morgan that came out? Was it yesterday? Not bad action, AB. C, D, E, it's in an E, but it's holding very nicely. The Bank of America was asked about, oh, very nice move up 49 cents to 2948. We are long for disclosure purposes, but this doesn't mean anything until it starts to trading the 30.25 area. And let's look at our favorite Goldman Sachs. Had a fabulous couple of days. Now what is it doing? It's just digesting at a peak deal with the Doji candle yesterday at 215.11.41. Goldman Sachs gets to 222. I think all systems are go for that particular move to include the financials, broker index, and the general market saying, hey, we're now in play. We're back in business. TLT. TLT is the Lehman 28 Treasury bond fund spikes up to up 98 cents to 131.56 made an unusual peak G top at 134.30. Was it 134.29? Let me just put that in. I don't know if you keep looking 134.29. And now it's already hit the 129s and it's trading 131.57 high level consolidation. That's what we've been looking at in the monthly chart, weekly chart, because of that Doji candle peak G. So how the financials act over the coming two weeks, not just one week, it needs to actually go two weeks to go. Yeah, it needs to go into the very first trading day of August. It's going to be really important if the XLF, sorry, if the TLT is trading in the 135s and yields are way, way low, that means one thing. If the S&P, a lot will include what happens with S&P, but let me just give you the downside support. If the TLT goes below 129 and yields start to rally, that's going to mean something else. And how does the market interpret that and what is it going to do? So peak B in the TNX, the 10 year Treasury bond yields, Treasury note yield. And now what we're looking at is it needs to get to 21.53 to really break to the upside, go for the 50 period moving average of about 21.62. And at this particular point, it's stuck in the range. It's just kind of stuck there after a massive decline. So we've got all those things. Boeing, let's just do Boeing, always have my Boeing question. Boeing is up 380. It's helping the Dow a little bit. It's at 366.65 in the new brand new A leg B. But the weekly chart says, nah, you might think you're going somewhere. But this is a close about 381. This thing's stuck in a range. Let's see what that range will hold for the coming week or two. Had a question about, oh, I mentioned the Dow Quartet, my Dow Quartet, catapulted IBM, triple M and UTX. And I said, they really need to get going because if they can't get going, that's going to be a big lag at as pure industrials. So catapult is making a big deal with the doji candle from yesterday at 136.52. Unless catapulted can start to break into the 143 level above the weekly downtrend line, I think it's just kind of stuck. And that's a long way to go. If it takes that 131 key support, ooh, that's a real problem. IBM, IBM. Yeah, this is a nice route. Look, it's walked the nine and the 14 billion moving average making a peak G slash C weekly charts, making a V shaped pattern, trying to get back to the 145s. It's at 143 right now. It's just doing okay. Triple M had a nice day yesterday. What's it doing today? It's just consolidating peak D yesterday. There's no new recovery high. That weekly monthly chart, those weekly monthly charts just need so much more. And UTX, United Technologies trading at, oh, peak D three days ago, and now it's sharply lower down on $1.97 and 131.22. Yeah, this is saying to me that I think I'm correct that we are in a process of having a digestive phase. And that's kind of what these guys are saying. Hey, what about Amazon? Because aren't they finished now in the two day, whatever? Yep, there's that sideways move. I drew it in. It's a trading at 2,000 down 925. If it closes under one, if it closes under 1972, that's a real serious thing because that's the 14 period moving average in the weekly. Let me just quickly, as someone asked me about the E-mini, E-mini making a peak B is struggling now. It's having a tough time. So there we go. I think I've covered a lot of the questions. Now, I wanted to do this because I'd spoken about the SLX, which is the steel sector. We got an IC that's holding. It's not doing great, but it's certainly holding a lot better than you would think. So SLX steel E, Van Echt Vector Steel ETF trading at 3,893 down 13 cents kind of stacked between 3,780 on the downside and the general removing average of 3,972 resistance of the upside. Yes, I will look at IEP. I think that's an icon, something or other. I want an icon, but I can't. I'll do that in a moment. I'll be right back. As a trapping down, 50. 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, six and three 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. 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You know, he does things right. He's a bit of a pain, but I think that yeah, I like this one I'm looking at, but I probably would say to you, I'd prefer the low 73s at 7505 right now. Let's look at this again. Give me a yell between 73 and 7250. That's where I really want to look at it. If it goes higher before then, that's good action, but this is what I would like to look at. That was a question. So let me do a couple of things here. The Dow closes. I'd say just subscribe to my opening call, my comprehensive dating newsletter, that we've got to watch this because the Dow minus 40s or more after 2 o'clock. I want you to give it a full couple of hours of trading, but if after 4 o'clock, there'll probably be a week of close and if the S&P E-mini is down minus 4 or more and it's down right now minus I can't even see what it is. Yeah, so it's down a lot more than that. It's down 8. At 2 o'clock, there's a good chance that we're going to have a weakness and I said, if there's weakness, there'll be weakness into Thursday. That's the way I'm looking at it. So you know what I did? I just told you all the story about the patterns we're looking at, but yeah, let me show you something. In the 120-minute chart, they've just generated a 27,200 automated support level. Below today is a 27,240. So watch that closely. A close under 27,200 in the next two days goes under that. In the meantime, it's just a sideways consolidation, not too bad, but it is saying that every hour we start to see a little bit more weakness, so be careful. Have a wonderful day. I'll see you tomorrow. Check out my opening call. Stay tuned for Steve. See you soon.