 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 Chapman Wave notations here courtesy of Basil Chapman I had a question about that yeah all the notations you see every single line every single notation of the letters in the Chapman Wave is what I've added to the charts it's relatively easy as you're doing it just adds up over a period of time and what we're all looking at here is there must have been 10 o'clock news that the market didn't like as the Dow is up 168 and now it's only up 97 and the S&P's gone negative so we'll run the numbers and a couple of things that we're looking at right now on this Tuesday the 5th of April it doesn't feel like like halfway into April already yep we are actually so what we're looking at is this pattern that we're looking at with three green candles today's a green candle so far we're not even hour before he minutes into the trading day so the day is really young and what we really want to see is how is how will the relationship of the QQQ's which will let the market up sharp yesterday be today and can that six that really successful pattern that we saw yesterday going into a sharp up close and the Q's be maintained let's go the Dow is up now only 46 the S&P which was up for a moment is now down it's at 45 71 down 11 this is an important session because the QQQ which had a fabulous session yesterday it's given back half of the gain of the actual from the opening to the close it is down 4.26 at 364.96 we're looking at that pattern having resistance as Chapman we have a little flag right here I call it the falling X formation could not break above it that's going to be really important IWM the Russell 2000 down sharply down $86 at 206.04 let's see if gold started to move higher on some kind of news out there no it's up nine I'm a little behind so maybe it is actually moving sharply higher but at 1943 it's holding within that pattern I said is a rectangle formation and the and prices can stay in that range for a longer than your patience and here we are gold needs to get to the 19 I can't just go slightly above that high of the 24th of March continuous contract 1972 if gold starts to trade in the 1978 1980s that's a breakout that we have to consider as really important that's number one number two is key support is in the 1930 I said 1928 to 1922 in this rectangle formation silver is trading up 38 cents at 2498 it's starting to build a better base than gold in a sense but the chart formation still is it's not as good but if it's suddenly remember the rotation that we see through the market is also the rotation we see through gold and silver as one place catch up to the other so we'll see what happens here but if it starts to trade not just go above but if it starts to trade as a 25 oh oh if it starts to trade in the 25 53 area anytime this week that's starting to really improve the chart of silver we're looking at high grade copper high grade copper is making a leg D within a lower construct of that peak E that was made in the Chapman wave over here it's on the 7th of March at 460 at 589 oh sorry 583 and it plummeted down to the 4 just about 450 ran up to the most recent time which was today at 486 in leg D and it's starting to show a little bit of weakness because the stochastic never got over 80% so I'm watching this very closely and nothing seriously wrong it just means that it's not breaking out to a new recovery high as it should in a leg D all right we're also looking at crude oil here crude oil is finally pulling back a little bit only up 12 cents and 103 29 stuck in this range I'd say on the shorter term 109 to 111 is very strong resistance and the support that must hold is at 95 to 96 that's 8 points lower but I'm just saying that that's the area that I'd be looking at crude oil and say whoops what happened here next thing we're looking at is within the context of we want to go to just real quickly someone asked about the VIX index yeah Vic then Vic's index is up $1 11 at 1964 this base that it's been making in the lower 19s says if at any time this week there is a rally in the volatility index towards the 2170 to 2230 or 2250 area that would be quite significant especially if you're looking at triple digit down day in the Dow and a sharp minus 40 or so in the S&P then you've got to turn around and say oh now we're bumping to that resistance and this rotation which was starting to go into the Nasdaq type stocks finally hit a speed bump and we're gonna have to watch that really really closely let's look at the TLT TLT's bonds down almost two points at 129.55 I haven't looked at this chart well we I showed you subscribers to my opening call but let's do that today because I want to see where we are starting the new week let's go to the chart that says here it is so what we're looking at is the white nine white TYX which is the 30 year T bond yield the brown TNX which is the 10 year T note yield and the cyan oh I can't believe what I'm seeing the cyan colored five year has just spiraled above the yield this is the yield folks has spiraled above and before I even talk about it let me just double check yeah what we're looking at is the high was in the 30 year 2.624 or 2644 as I was written here the yield at this point in the TYX is 25.60 about a point lower but the CYX the five year is above the 30 year and the 10 year I don't recall seeing that going back going back and back and back and back oh right there nope the high that was made June of 2007 had the usual sequence where the 30 year was above the 14 so above the 10 year and the 10 year was above the five and that was back that was the week of June the 8th of 2007 and the high of the yield at that time with the five with the 30 year was five to five 2.33 so 5.23 all right and here we are at 2.5 so there's a huge difference but that's not the point the point is the five just jumped above both the 10 and the 30 year wow yeah you can see why the markets down does on 14 recipes down 17 I'm not sure what the news was at 10 a.m. usually in the sea somebody might have said it let me just double check no all right so as Duffy says TBT a lift off let's see the TBT which is the inverse of the TLT and that is trading right now all at 21 28 up 60 cents well it hasn't broken out at least to get about 21.97 and it's 21.27 but it is a little bit of a little bit of a market scare for sure I'll be back 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 gear 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 based scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen for a limited time you can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee so you have nothing to risk level the playing field with the task profile scanner which you can find under the services tab at TFNN.com sign up today 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 at 1-877-927-6648 internationally at 727-873-7618 Hi folks we're back I had a quick question I need a quick question how did you notice Teva this Teva pharmaceuticals huge move from the 7 was a 728 or something 724 level on the 14th of March trading right now at 10.06 having hit 10.42 yes spectacular and what I did for subscribers to opening call on Saturday in my overview video I discussed that the IBB is just for the first time sorry to show some signs I think this is in the IBB the Nasdaq biotech ETF some signs of a recovery but the actual weekly chart is still terrible and the monthly chart is horrible so I think it's this is the same situation that we're looking at all across the board and that is there are some sectors that are doing okay some doing well a lot that are not doing very well but within those sectors there are some stocks that are actually performing much better than the others and in this case he has an example Teva pharmaceuticals single-digit stock they just went to double digits and that's a great example but this is specific so Teva Teva Teva pharmaceutical industrial ADR I think that's in the industries maybe that's what it's called monthly chart looks terrible weekly charts really improving and the daily chart is fabulous gone to your legs see they could have been in Chapman wave at 8.21 on the 23rd and a high of eight point oh yeah 8.21 for two days that's a parallel high if I did I get that right there oh yes I did whenever there's a wiggle in the on-balance volume of the red for strength and that's I would call that a phantom peak just for now I'm going to call that a phantom peak right here at A and I want to be ahead of the game and that's just saying you don't have to if you are long you don't have to do anything just yet but consider there's a chance it's acting like it is a very short-term peak D and a leg D and it could become a peak D and just have a digestive phase so I like to do that's one of the the moderations the alterations and changes that I can make in the Chapman methodology as long as it's based on some criteria that repeats over and over and over again and this particular case I'm calling that a phantom peak A but everything about the technicals everything's fabric just superb in the daily but the on-balance volume says be careful it's a little bit overboard and this leg that I'm calling D even though technically technically it should be a C I'm calling it a D and there could be a pullback back into this candle here in the 99980 area and then we'll see what happens but good thank you for pointing that out I'm going to make a note just to keep an eye on this Teva pharmaceuticals I believe that's the name of a Teva farmer okay next thing is what happened in that ten o'clock thing what evidently one of the Fed let me see who said it yeah thank you Jack little brain art FOMC just now I expect the balance sheet to shrink considerably more rapidly than in the previous recovery with significantly larger caps and a much shorter period to phase in the maximum caps compared with 2017 2019 the reduction in the balance sheet will contribute to monetary policy tightening over and above the expected increases in the policy rate reflected in market pricing does down 73 S&P is now down 26 and the QQQ let's just check what that is because it acted so superbly yesterday is down five giving back a huge chunk of yesterday's game so we had a fantastic move because we went along at the before the opening yesterday the three times long and we've taken some profit off and I'll have to check to see whether or not we actually stopped out I think let me just see let me double check yeah I need to talk about this is for clarity okay and okay so we are out maybe we're not let me just have a look so the QQ I hope we can I hope it lost that we can stay in because I still see the technicals are still very strong I think we actually might have just been stopped out by two pennies yeah so we got a gain not as fantastic as it was at the at the close yesterday because this TQQ Q went from a low yesterday of 58.23 to a high of 61.35 that is a whopping move and today look what has done oh what a pity mr. brain on thank you very much it's a pity because the Q's were so oversold that the NDX 100 many stocks have been so oversold that they deserve to have let me just go to sq which is not square anymore it's called block yeah I see gave back all those games at a peak D so many of these different issues had a DBE I don't think so do be is at a peak B and a struggling Adobe cloud digital that whole cloud sector CRM it's just struggling yeah oh my goodness the peak C1 C2 little double top having gone from 311 down to 184 salesforce.com I just this is speaking to a larger issue if the cloud area is having so many problems just have a look at crowd strike because this takes us to the cybersecurity crowd strike down four and a half of 224 made a high three days ago look at this beautiful left side right side price time match look I chose a high that was made back in November the 29th that was to 235.69 and then it came down and I chose the low this doesn't usually work this way but when it does that's great I chose a low of 150.02 on the 24th of January as the full crib the plum line for the same number of bars to move to the right and it went it didn't get there and it took a little longer to actually get close to that level and it went to Ohio 232.86 this is one of the techniques that I'll be discussing in my webinar coming up a week from tomorrow what takes techniques we'll be looking at in 2022 that can help us survive the volatility that I'm anticipating and is there a chance that we will get to a new all-time high in the down the S&P in the key indices that's going to be a big question so and I'll be I'll be doing a lot of work for that and talking about the sectors that have worked well look at this talk about sectors look at the SLX which is the fan egg vector steel ETF why on earth would it be close to a yearly high 68.22 was the May high of last year and this year it's gone to 60 69.80 so what I've spoken about for about a year and a half now is a pattern that's been reflected in so many stocks and indices where the price goes towards the previous major high and then makes this confirmation sauce to pull back but at this point I'm still pointing at a big C in the weekly chart and it should get to a T. This is the SLX and steel sector. 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 Den trading room only at DFN.com the Tigers Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with these sharpest minds in the trading world subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our TFN host live during their shows interact with other Tigers and Tigers as they share trading ideas news analysis and discuss the market action all trading day subscribe to the Tigers Den risk-free with our 30-day money back guarantee and become part of the TFNN trading community TFNN educating investors you could be making money off the stock market and if you're already making money off the stock market you could be making a lot more check out TFNN and Tiger TV and get expert investing advice to give you the power to control your financial future go to TFNN.com and find the newsletter for you whether you're into trading gold metals futures currencies or options you'll get advice and analysis to help you seriously get ahead TFNN also features trading services with a 30-day money back guarantee for new subscribers as well as TFNN Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on TFNN.com or TFNN's YouTube channel for live financial content from 8 30 a.m. to 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor you were born to be TFNN educating investors TFNN is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any traders methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartly's ABC's Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com so let's just go back to that chart that we were looking at yeah that is my triple yield chart my weekly triple yield chart and that is unbelievable to see the five-year way above the 30 could be temporary but the fact is it is right now it is impacting the market and look here is the wood WOD the iShares global timber and forestry ETF stuck in a range remember rectangle formation can last a lot longer than your patients sometimes it can pop out above but if it does that there's a chance it's gonna try to test the bottom and it did it went below went back again to the top and now it's in the middle at 89.38 down just four pennies but look what happened to the HEX the Philadelphia housing index that is pulling back underneath that rectangle and we have already gone to visit that rectangle to say goodbye to the friends as it comes back down if it closes decisively under the low of the week of the 25th of February there's a weekly chart of if I can read it 405.22 is it 407.13 right now down almost eight that's gonna be a big deal and that says there's a chance that it won't go back very soon to that level that's called the 438 level all right let's get out of that because I don't have too many charts up it's enough as it is yeah we go okay couple of questions that I want to get to right away and I want to take too much time but and forget about them hack is the prime cyber security ETF security stocks trading at 59.12 down 55 cents and made a just double check 59.80 yesterday and 59.83 so yes it's an LED it could turn out to be a chap with two bar reversal but so far the MACD strong stochastic is good at 89 very good at 89% on balance volume daddy is good retrospect is okay in the 60% area and the 90s way above the 14 but the 90s tackling the 200 period experiential moving average right now so that just says I'm going to do this let's see what happens in what's today Tuesday let's see what happens Friday I'm just going to put this in you to say there's a chance that we're making either a top information as this arches over or there's going to be fine you'll find some support and then the one quick pop to the 60.20 or higher area and then we'll see what happens after that weekly chart is improving a lot the magnifying it turned up the stochastic is lagging at 63 on balance volume is suggesting is a little bit overboard but it had a 69.97 high on the 11th of November the week of the 2021 and that's the week of November the 11th pulls back to the 50 area announced at 59 it's good action not great action so hack is something that we were looking at waiting for the next sharp decline to start to consider but I'm just so surprised that prime cyber security HACK it just it should be at all-time highs with everything that's going on in the world and the whole aspect of security it's something's going on because it's only select stocks like PANW which is Pala PANW PalaAlta networks trading almost all-time high but many of the others are not doing anywhere close to as good as this PalaAlta network cyber security trading at 622 down almost six points let's see PANW is that's a peak see there should be one more pop to a leg D just above the high of 635.89 and trading at 622 so that's what I question came up there oh question came up right until the TVT really starts to break out well I think it will break out based on the weekly chart and I have it in April there's a chance maybe let's see what is that May yeah maybe the second week of May but the target on the upside for the TVT which is the ultra short Lehman 20-year Treasury One fund the Chapman inside wedge target resistance line I would say that in the next week or so there's a chance it can get to 22.60 the high of the week of the 16th of March and a peak D so that's really important to me the worry that I've had for some time and today's action makes me a little bit more concerned even though we are still long the Dow from the just under 33,000 and right now it's trading in 34,800 one of the things that really bothers me is that I don't like to go against history and the history of the market vectors semiconductor ETF the SMH has been for let me just open this up there we go forever I mean this is even go back to 2008 the November low of 12.95 where it went to a low before the March 2009 Dow and S&P low and it does that semiconductors over the decades I think was 2002 and three where it made a low before the market made a low six months later it already started the loan sometimes is later sometimes earlier but the fact that it's been fading so miserably and it is you know I think of the semiconductors as the oil just as oil was in the whole of the 1900s the 20th century it was the the generator of economic growth throughout the world yes you can start talking about growth as well as pollution I'm talking about the economy in terms of what the benefits were you could heat heating everything it was just really important so the fact that the semis which I consider now to be basically the equivalent of the oil sector of the 1900s is starting to fail here does concern me and that says we could get a rotation that says there's there's a situation that's unfolded that happens once every 100 years or it's happened twice now in 100 years 1990-1919 the flu epidemic and 2023-2022 and as a result areas that were really important to the economy were affected in a different way to what you would expect in normal economic circumstances where there's this sector or one or two sectors that have this incredible surge of interest that filters right to the lowest levels of the general public when I mean by the lowest levels I mean people who have never looked at housing or the stock market or dot-com or whatever it was ever before and if any of you were around for the dot-com bust of 2000 1998 it was one thing but the end of 1999 to the beginning of nine of 2000 there were I mean I remember talking about this to people all the time saying wait a minute you've now got the expression used to be that grandmothers would be buying bond the safety of bonds and all of a sudden you got the grandmothers taking their safety of bonds and asking their grandchildren what should I buy in the dot-com or what is a dot-com but what do I do how do I buy it and they're buying just as many people at the what was it December of 20 I love to just check quickly BTC we're buying Bitcoin December of 2000 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 a cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops the set for each trade Dave 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 and p biotech three times bull and bear etfs visit directioninvestments.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 foresight 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 we've got a question about the ita which is the ish shares u.s aerospace and defense etf i've got to set a big c in the daily chart a little dojo can or pulling back a little bit and i've got a leg d going to a peak d in the weekly chart and a monthly leg d but you know my rule of this is what i've been discussing my rabbit and don't forget you join up for those of you who are saying uh... subscribes to my opening call or you're interested in coming to this webinar because you'll be able from this webinar be able to go to all of my other webinars on my different techniques you can go through them as many times as you want you got 30 days to see whether or not you like my work with my dating call et cetera and then you can if you don't like it you can just x out of it uh... and but most importantly try to get to discord as soon as you can because that's the medium that you are going to use it's really a simple technique to to get there and then to be able to go through it we'll start at four o'clock and go to five thirty on wednesday the thirteenth probably start a little later some of you might have a little difficult without people organizing it so that you have a very comfortable experience and it is archived in any case uh... but so go to discord that's going to be very important most mostly what i want you to mention is in the uh... ita that rectangle the law remember i have a rule between the narrow rectangle where the price of the if it's more at the high of a price movement and goes sideways for an extended period of time it could be a one-minute to ten-minute chart it could be a yearly it could be a weekly anything once it breaks to the upside you got to be careful because if it comes back in let me just show you examples now and then i'll get back to the ita look here's the i w m we've been following this for those of you who've been listening to me just for a year we've been talking about this narrow range between the two foot thirty four level and two or seven and it just went on and on from about may of last year narrow and then finally went to a peak d at two forty four forty six and i said just got to be careful because the rule of thumb with my narrow rectangle formation is that if it breaks to the upside it's there's a chance to come back if it breaks the halfway point of the rectangle there's a chance it's going to test the lower one and often you get a price moving below and then that one below tries to get back in to just sort of say goodbye to the to the crowd in the 207 to 203 four area 234 area and then it starts moving back down again you got to be real careful so we saw that in the i w m that's so let's go back and then you've got the very large rectangle and the large rectangle is like this where the rule of thumb is there we go i grabbed the outer levels you don't have to have the techniques that i've got here you can just use parallel lines in any rectangle i go to the bottom and i draw this in and i say okay now i remember i must have lost my notation on this one at some point when it shut down accidentally um but the highlight was made at about 120 because actually 120.31 in the ita back in february a year ago for two years ago february of 2020 and then that whopping decline cut in half more than half it goes to 56.23 a month later march and then what does it do it starts to make higher highs and higher lows and the rule of thumb is it can do it in the same time frame but in a shorter time frame there's a chance that it's going to go to peak a peak b peak c peak d if it holds the low that was made of that big flag that that big pole that was the decline and starts to make higher lows and higher highs but it can do that in the same time frame and the target then would be to get just under just on or just above the that all-time left side major high in this case that was the high of february of 2020 and we've already gone to the 113 so seven points away and i'm suggesting to you that the ita which has rathion let me just go through some of these now i've got these other ones all notated very nicely let's go rtx which is rathion rathion which was a combination of utax and rathion it's made a peak g a flagpole same situation and then it worked its way higher in a shorter time frame let's see what it did the 120 minute chart before we started pulling back yep it went peak a peak b peak c and there's your peak d that's the chapter wave methodology did i know that it was happening no i just picked it up right now and for those of you in disbelief there we are peak a next highest peak is peak b next highest peak is peak c and there's your peak d and it went underneath the previous high and then pulled back and that's a 120 minute chart so rathion is holding well the shorter term is kind of digesting these big gains it is at a peak d in the weekly chart and a leg e in the monthly with a potential chapter wave roman candle we gotta watch that at a high all-time high you've got LMT which is Lockheed Martin Lockheed Martin went to a peak d at about 480 what was it exactly was it whoops i didn't mean to do that that's good because that's what i need um 479.99 how can you miss a round number well you can miss it by a penny and that's exactly what it did i was a round number anywhere surrounding it left side right side no round number there yep 463 was the low the day that it made the high on the seventh was 463 and what i usually type in here all-time high at 799 4799 with a round number low 466.463 and that says if this if Lockheed Martin at any point can close for two out of three sessions above that round number 463 that says there's a really good chance it's going to go towards the previous high and that would be right at about 480 as a peak d in the weekly chart i'm going to draw in what i normally do and that is just a rectangle formation right there in the weekly chart and i've called this a leg b in the monthly chart wow lockheed martin corporation security and aerospace research design development manufacturer tech technical systems identifier fire potential how about that what's the other one no no c no c is north of north rubble grumman same thing peak e big move up on i think it was march the 7th uh pulls back sharp he's got a peak a peak b and it's in leg c right now underneath the previous high i suspect at least for the shorter term we could be looking at something like this but it is making higher highs and higher lows so this is called north rubble grumman no c trading up 6.92 at 459 right now we're all looking at peak a is a great peak a i don't know if i have time to make that call it a great peak a the great peak b but once you get to a c you've got to watch because if the magnetic cross is positive which it hasn't and the stochastic gets over 80 percent which it has there's a chance that it could actually go to a leg d so i haven't yet i'll i'll have to make a decision tonight whether to call this an up arrow with blue a b c meaning it's in a buy mode i just don't know yet now my suspicion is from everything i'm looking at i don't know yet but we'll know the day is young is that we are in a situation that says news related sell-offs if there's a reversion over the period of the rest of the day with higher highs coming into the afternoon session what i'd say to subscribers if we are better than a minus 30 in the early afternoon and holding in the dow that's going to be good and that says by Wednesday or Thursday the higher highs will see so uh mostly promise that Thursday at closing well 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 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors are you looking for a secured investment which pays you on a monthly basis the target 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 or $1,000 per a $100,000 invested the target 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 or $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 you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured target first mortgage the target first mortgage program may be just the program for you the target 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com so we're looking at here on the short term is yes that was just a bullet wanting to get us out of a position or two but in fact what we've done is moved up to 200 moving average in the one-minute e-mini chart after hitting a low of 45 what was that 45 right there 4750 so let me just go through this again a week from tomorrow I'm going to be doing my webinar it's really to me it's really an important webinar it's one that we're all in this together we have to be looking at all sorts of things I want information from subscribers and people can send me information that I've got a lot of the socioeconomic stuff that I'll be talking about about skyscrapers etc as I'm coming back into the skyscraper world these are the narrow skinny ones but and also these incredible buildings that we started to see they look like building blocks with the in Brooklyn they've got a couple where the building is looks lopsided because you've got the squares not straight up but they get moved to the side so that's going to be very important what we are looking at here is I am what am I worried about I'm worried about the semiconductors not confirming rallies I'm worried about the IAI the broker dealer ETF not doing as well as shoulds including Schwab which is holding okay but I want leadership in the broker dealer area to say folks are buying stocks etc and we also want to look at hood which had a nice pop to the upside and it's given a huge chunk back but that's what I'm looking at what am I positive about in the rotation through the different areas when you're looking like looking at something like an ARKK Katie Woods ETF they are so damaged to the downside but even just a decent rally could help the general market as we rotate as some of the really big cap stocks that have not had the big pullbacks start to consolidate so I believe that this is so far I feel very constructive I haven't had any change in that aspect but I have to monitor what are weak links and that's the broker dealer area and the semiconductors but the rotation sees there are a lot of