 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Good morning everyone, Basil Chapman. Good to be back after doing my webinar yesterday, old-day webinar, just over five hours. And we covered a whole bunch of things that were so important. Especially, and it was archived, and what I'd done was because it was promulgated as a Chapman way methodology webinar and not a trading webinar per se, even though we had positions that I said from here it should go there, et cetera, et cetera. We're doing that live, just as I'm doing right now, showing you that in the Chapman methodology, always looking for at least a P, D can go to an E and F. But here it is. The one-minute chart went to a D, and then it pulled back just momentarily off to 10 o'clock. It went to an E. This is a two-minute chart at E. The five-minute chart recycled, and it is in a leg C at this particular point, having made that rectangle formation with an arc, retested the left side low, then ran up, and the ten-minute chart, this is the E-mini chart, has gone to a leg E. So a couple of things that I needed to go through right away at the beginning of the show used to say that I had a Chapman way of Tringage reading yesterday, a very low reading, and that normally suggests that there will be a Dow pullback to negative, even if the futures are up huge. But with the move yesterday in Disney, D-I-S, there we go, Disney, gaping up huge, it's up at 121 up 8 in leg E, getting closer to the 126 200 period exponential, moving average for the first time in months and months and months. That helped the Dow, and any pullback was mediated by that kind of strength. However, most importantly, is that this indicator, out of the last 12 times that it's flashed, has missed only once, and that was the last time it flashed. So it's obviously, at this point, we've seen the Dow of 300-something points pulling back to just about a plus 40 and then running again intraday, but that doesn't count as success. It has to go negative, even if it's by $1. That's the whole thing about this particular index. So let me just go through these right now at, there we go. So there are a couple of things that I need to talk about right away. My charts are not showing. Wait, are you sure? Because I can see my chart, or I did see the chart. Let me just check. Yep, I've got my charts are showing. Okay, so within that context point, you just have to refresh or something like that. In the Chapman Wave methodology, there's a technique that I talk about, which is called the Chapman Wave Instant Restart. What does that mean? It means that within the context of going up to, there we go, there it goes. In the context of a buy mode accelerating higher, when the price gets to the fourth highest peak alphabetized, A, B, C, D, E, F, G, never an H, when it gets to a D, if within three bars, there's a break to a new high, a recovery high that is over that D, I always put a little circle there, a yellow circle. And what that denotes is that there's a chance that you've got a Chapman Wave Instant Restart. And the restart suggests that you have an alternate count all the way up from there. You're in front, of course, but you count E and you put E slash A. You're thinking, Gary, everything's very positive, but I need to be aware that there could be either a sudden pullback or an acceleration and you don't know, especially when you're dealing with the 200-period moving average in the S&P at 4187, and it just pops over at yesterday, very good candle, but a gap up and gaps often get filled. This will be the second gap if it doesn't get filled. So I always do this, I go E, and for a long time now I've said to subscribers, just continue the alphabet, but know that you've got an alternate count. But when you get to G, you put a G slash C, and very often if you get to the G slash C and the technicals are so strong you might get a pullback and then a little pop to D and then it pulls back. So what are we talking about here? The S&P has a potential Chapman Wave Instant Restart. The Dow does not because it took longer to get to that leg E, then three bars, but the principle might be the same, that this doji candle was a pullback, the red candle of last week, I think it was Friday, on the 2nd of August to 32,387, started another move and that could be gray A because it's under the previous peak D, and then you go to E slash B, F slash C, and there's nothing to do because you're just following the price movement. What we spent a lot of time on yesterday is how do these Chapman Wave inside track repellent zones become propellent zones? How do channels, beautiful channels, I mean, I've spent my entire market life as a technician and working on channels and how you come back to the channel, how you can use time on the right side and pull back to a key support level and then start running. This is the first time, we've been inch a week, now it's too late to say inch a week because inch a week on the 22nd, the week of the 22nd of April, the down popped 35,492 but then closed with an inverted Chapman Wave Roman candle to the downside. So this is different because already for two weeks we've closed above this Chapman Wave inside track repellent zone. This is the third week. So this between now and Friday's close at four o'clock, we drop, oh I'd say we'd have to drop to the 32,100 level or lower. That's 500 points from here. I'm not sure with all the news that's gone on if there's now more news that's going to come out that can do that kind of damage. But this is really important. Look, the Magnin the weekly chart is strong. The stochastic is improving at 60%. It's not great. On balance volume is warning me that we're not quite done yet because it's really flat. It's not doing well. And that's most basically the volume aspect of it for me. The 9p removing average is within a whisker of crossing positive for the first time since it turned negative and that was right back there. Back on the fourth, the week of the fourth of February when it was up at 35,800. It was the first time that there's a chance. And that's another reason because yesterday in the webinar as we were closing out, I did the review and I said, one of the reasons, and I had an email during my show from one of our tigers to say, hey, you were correcting and wanting to be long ever since we went to that low and considering that we've now running so sharply, what would be the next step in looking at this as positive? So as I was wrapping up my show, this is the first time that I can say in a very long time that the weekly charts are suggesting that the low that was made at 29,653 on the week of the 17th of June is a pretty significant low. For the first time, I can say that in the weekly chart, not only that, we've got the Chapman Wave cooling inflammation, we're up bumping up against resistance. For the first time, I'm looking at a leg ache that's starting to improve in the month that's our gray leg ache. So there's a lot to talk about. I just think that you've got to review and show you how important the 200 period exponential moving average has been and we're above it. And will it become the traffic for the market back to the 30,000. Vista Gold owns and operates largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll Free at 1-877-927-6648 Internationally at 727-873-7618 Our folks we're back and since the market's running strong in the hours of 322 S&P's are 45. After yesterday's big move to have this is extremely positive. One of the reasons we've had no intention of going short I did expect that there could be some choppiness. We didn't know that yesterday would be two ready positive aspects to the to the economic news and not complaining. We're along and we're positive. So what we are looking at is I just going to do this. I got a question about natural gas. I'll do that right now because it's a pattern that's really important in my work. When you make a V shape you can see in natural gas the continuous contract from the PG that was made. There's no other way I could count that. That was back in I think it was say it was back in the day. Then we pulled back sharply and now we've run up but we haven't taken out the left side high. This V shape pattern we used to call Grouch amongst pattern Grouch amongst eyebrows but nobody even remembers who Grouch amongst is anymore actually is they were not not my favorite comedians at all. However this pattern normally accelerates back to the high when it's that sharp down and then that sharp up springs back and it went to a PG at 9.64 9.604 back on the with the 10th of June and plummets to the just just over 5. I mean that's huge and then it springs back all the way to the 9 almost 950 and now it's come back and it's making this cup formation. Now one of the things about the cup formation is number one you need technical tools to help you. Just look at it, oh look beautiful cup formation this is a new gray leg A, why is it gray because I have the magde still it's a little bit weak and the stochastic is very weak at 28, the price is acting well but it's only the start of a potential move to the upside therefore we call it a gray A. You have a C on the left side so that means there should still be a D to come but what we're looking at here is you need to see the cup formation continue with the magde turning positive the 9 period moving A which is over the 14, that's fantastic we were looking at that yesterday when we were doing the E-mini in the futures and believe it we talked about a rectangle narrow rectangle formation after the huge move to the upside yesterday we were just watching, I drew in the pattern with a rectangle and a beautiful little bowl formation it's like a soft stretched out U and it's exactly what it did and then it retested the high and then it pulled back and then it had the fed meet the 2 o'clock meeting or at least the announcement and then it went up again and then it made another long narrow rectangle formation so those things can be pretty powerful now what we're looking at is in the let me open this up and that's what I decided to do, people said to me and I did that yesterday I was showing the charts in the bigger time frame so if you're looking at this V-shaped pattern V-shaped patterns you've got to measure on the right what happened on the left so look here on the roundabout the this is a daily chart roundabout the 7th, 8th of June pops to that high then it pulls back and goes all the way down to this beautiful this is a Chapman wait this is called the silent doji reversal in other words the price goes to a low but the next candle the candle before it turns out and the candle after with the tiny doji candles and then the price just rockets to the upside and that's an the tiny doji candle the day before the peak D high back in June it's a technique I discovered a long time ago one of the things is people scan for doji candles usually at potential turning points and you would have missed this because the turning point was slightly higher and that's the reason why I thought it that's why I called it the silent doji candle so look what we're doing we're going to a peak C it did a left side right side time price match in a shorter time frame from below that was made this is the plum line can I do that is that a plum line this is called a plum line right there and now what we're doing is we're trying to make the cup formation well the 9 is over the 14 and that's a big deal because look every time it turned around when it was making the cup formation back in April it made a peak A then a pull back to the 14 period moving average and then it went above it and that's exactly what you want to see so this is a good start there's your leg A if I did a chaplain wave falling X formation we did that pattern a number of times yesterday look at this the price comes down it's an expanding cone formation breaks out and it goes more to one to one to the upside from the breakout level that's a good sign but I need to see more I need to see the magnetic cross positive and definitely the stochastic at 28 that's not great look what happened here when the price was coming down and you had the stochastic at about stochastic is it about 44 so there's a big difference so this has got a lot of work I'm talking about that April turning into May so it's a good start if you are long now it's for the price to prove itself because the technicals two of the technicals are pretty good the third one actually two out of the four technicals are good the on balance volume just a little bit negative here my flat negative I would prefer if it was positive the on balance volume is holding very well the stochastic is very weak at 28% and the nine is nicely over the 14 relative strength this is the gray line there in the dating chart is starting to improve so yes natural gas and I talk about that because we have a stock in the natural gas area this is new fortress energy ink A shares natural gas fuel solutions and it's gone to a leg C with the left side right side price time as in the plum line it's gone right through everything and it's gone above the 52 37 high the 7th of June and that's just saying that within that area there are some strengths and it's really important that the this energy company is moving higher because that's just telling you that it believes the price of the stock is believing that natural gas is going to move higher as well that's the way it's looking right now so within that context I'm going to say to you if you're looking at boil now this is aggressive you have to have some I'm afraid you have to have something a little different it made a peak detox back in June I didn't put the down arrow down arrow and now it's an up arrow because this is definitely a by mode and that by mode is gone in the boil this is boiled is called the pro shares ultra Bloomberg natural gas so this is A B C made a D and a pullback remember I think natural gas that made a C this made a D pulls back and now this is a grey A it's the same story but because it's more aggressive I'm going to say I would probably tighten up a little bit some of the position at 87.73 right now if it even touches 82.50 I would take something off because that's going to be important if it starts to go under that that 90 may will start to weaken so it's good what you really want to see is you can't give it just two days you need another three days another with going into Monday I will close nicely above 259 is the height of the third of August I want to see it at least in 1970 that would say to be great I'll be back we got a lot to cover and we just did a natural gas if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency in bond markets news subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see for yourself the types of 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online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors 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 I was just drawing in the E-mini one minute chart that was a peak key that was made have a target if it starts to pull back key support is going to be at the 42 44 level it's at 42 51 right now we'll follow this E I think it was in the 10 minute chart the strength so what we're looking at here let me just do this so you can see beautiful cup formation breaks out goes to D and then an E in the 10 minute chart one of the things I'm looking at is when there is this kind of buying and it is the power of the move to the upside yesterday it was not that it would moved up it was the power of the move it says to me that some of the stocks now are overbought and that there's a rotation going on let me just get out of this I need to look at the price of the market itself and that there needs to be some kind of rotation to be able to hold some of the stocks that have moved up and now perhaps are getting a little extended but I'm beginning to see for instance Disney and this is what I spoke about yesterday in my webinar I said the rotation has been so important throughout this market so that when it becomes overbought what happens is the sectors that have been just screaming to the upside whether it was oil whether it was natural gas whether it was the homebuild whatever it is over the sectors during the year when they get overbought or oversold when they stall to take a breather either way what happens is some other stocks pick up the slack so look here's Disney it's been a dismal Disney stands for dismal or it did stand for dismal now I think it's turned the corner with the doji candle in the weekly at the low that was made at I should have typed it in right at 90.23 a month ago 90.23 and here we are at 121 that's 30 points that's a 60 percent that's a fantastic gain that's what happens of lows you get huge gains but now what I'm looking at is there's a chance that we're looking at a rotation that says okay in this particular time frame we could start to see a pullback and some of the stocks that were doing really well and that now need a bit of a breather but in order to maintain the integrity of the indices so they don't all collapse with what I used to call a Granville 97 percent all stops ahead everything goes down we haven't that we don't we've only seen since 2011 we've only seen about two or three times that that's happened most of the time it's been rotational corrections so if this is a rotational correction on the way up you can see a Disney you can see a sharpie fire in fact it was one of those we spent a little time on yesterday and even today I said this is a stock that is appealing to me very much we'd be wanting it I was a little too busy yesterday it was a pity because yesterday was a perfect time to enter it and look at that how long can a rectangle formation last this was an example yesterday well it can last from May the 5th 2022 at 42.49 and made the 12th at 30.81 basically in that same trading range so that was May the what did I say 5th let's call it all of May June July and now it's part of August so for three and a half months how many days is that three and a half months it's finally made a leg deep now I have a rule about that but it's usually a rule when the rectangle formation narrow rectangle formation is at the top IWM let's look at the IWM let's go back to right here when it is at the top what happens is you go to a peak date not you the price goes to a peak deal for long rectangle if it then pulls back and takes out half way of the support level of the rectangle it can go all the way down to the low part of the horizontal base and then take it out and then plummet well this is something very different this is something that's working its way from the opposite side an inversion so that says that little dip I didn't put the notation I should have done that I was so busy with the chart that I forgot there it is at trough G went back in trough G we're talking about I've not done that I should have I can just do it from here so this is trough A I'm on the way down they call trough trough B trough C trough D and then it kind of messes around finally goes to an E and then it goes to an F and I believe that that 29 yep that low on the 6th I think it was 6th of July 5th of July on the 5th of July is the equivalent to the upside down rectangle so now you've gone to a leg D and that makes the whole area 44 right 0.29 right now that makes this whole area in Shopify of 30 of 40.50 to 39.30 kind of the halfway marker there has major support it's not changed its character it's now moving from you see this plum line that I showed my subscribers this morning right there in a shorter time frame it's broken to the right side to a high so that says it doesn't look like a cup formation and therefore when I put this in you have to use a little imagination but in fact what's happening is there's a chance that we are forming essentially a platform springboard from which a Shopify can move if that's the case we're looking at and that's why ARK is up I think ARK has Shopify ARK is up to at 53.66 we've been a little conservative we haven't got back into ARK I missed my opportunity three days ago that was a great opportunity didn't feel like it but that would have been a good opportunity but the reality is that with the GQQQ which we have two positions and we're trading those positions that's the QQQ three times along the Q's we're participating in shops move up somehow or other but ARK is up 4% and the QQQ TQQQ is up just over 3% so yeah wonderful intraday move but it's young so that's what I'm saying that's the reason why I've been so I've been so determined that we stay in our long positions although we could trade them for instance we are not along the SMH I would have preferred that we had a position in the SMH more conservative we are along the aggressive SOXL three times along I'm not happy about that I mean I'm very happy because the gains are huge but I'm not happy about it because on a pullback we saw the other day look at this XOL look how deep at pullback fortunately the entry price of 17 where we've taken lots of all the way up to the 22 area we've taken a little bit off I kept that big call position because I lowered the stop below our entry point because I said I know these wiggles these wiggles are really important I want to be in it I prefer the SOX just the SMHs don't I mean look at this it's up $1.46 it's up 7.3% the SMH is up 2.29% so it's a little more handleable as a core position than having an aggressive but we kind of stuck with it I did miss an opportunity the other day but 245.74 was the peak C high look at the resistance in the 200 period moving average it needs to get to 245.75 for leg D and then we'll see what happens look what's happened with the charge the semiconductor index it's broken out for the third week we gotta wait for Friday's close I'll be back 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 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 Basil 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 Basil 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 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 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 his 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 Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 come up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee tfnn.com 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 LABU or LABD Directions daily S&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 4767523 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 four side fund services LLC this program is brought to you by vista gold traded on the NYSE American and TSX under the symbol VGZ so we're looking at the e-mini here just real quickly the one minute chart and we've got ourselves let's make that green we've got ourselves a look at the look at the PG that was made right here 1020 and the high of 4260.50 look at the retracement where the MACD it turned down the stochastic couldn't hold above 80% and the nine period moving averages turned pink so my target here would be if this continues lower would be a big test of the 200 period exponential moving average of 4240 I said today earlier in the den mentioned that I'm thinking that the 40 to 23 I think it is I said level intraday is going to be really important for the e-mini at least this morning so we'll see what happens but absolutely the buying is just being intense but I think in a short term because of the way I'm looking at the rotation I think that the short term says be a little careful here any new buying has to be fresh stocks that have really been beaten down but buying stocks that are already have been making new highs over the last two days that's a little bit risky unless you have a position and you're adding to it and you have a decent stop in place alright let's get back to our story so a question came in in the den could I look at HOOD Robinhood this is one that for a long time I've been saying at some point we want to buy Robinhood because it's going to be part of this whole mega bull market that could take place if if this market continues to walk a wall of worry it's just going to force people into the market and that's why I think I'm looking at so many single digit stocks I had a list of about eight or nine I didn't choose anything for today because of the other things that we wanted to do but the list is a long list of and low price is a single digit stocks that are showing up on a screen that I have so within that context HOOD is trading at 1107 I wanted to get it and I really I had it in my mind that in the 7s or preferably 6s I would go in but we were so busy with other things trying to get good positions in three time long and all sorts of things I think had to let it go well going from the 6s to 11s that's almost a double that's really fantastic but it was once a time up in the 80s is this the round number high I can't remember HOOD had a round number 85 higher yep I do remember 85 remember round numbers I don't remember names of people but I do remember round numbers high all time high in fact and then it plunges down to the 6s and now it's at 11 I think it's telling us that there is a potential it's still a rectangle formation but there is a potential see I can make an aggressive cup formation here I don't like to do that I like to be as conservative as possible and then pleasantly surprised at the alternative that I decided to ignore just for the moment and that says look it's more a ball formation like that rather than a serious cup formation so I like it I don't know what the news is going to be this is internal to really take it down to the H40 level but I do say that it's probably going to go to a leg D in the next day or two above 11 35 today's high is 11 30 it's made a peak C it should go to a leg D and then I think we have to assist because the series of highs that were made at about 972 back on the 27th of June at about 960 something a little later than that I in July I think that that could very well turn into a base of support so do I like it on a fundamental I have no clue about the fundamentals do I like it on a technical level arg going from 85 round number to what it was the exact low going to the exact doji little tiny doji candle gap down low and then reverse it up at 681 681 and that was what that was July yeah that's very interesting so that was July during the 17th oh my 681 June 17th 6.8 what will take it back to the 7s I don't know now I've already forgotten I shouldn't have been speaking at the same time 716 I think it's in doesn't matter in July okay so what we're looking at here is just the sense of a turn to the upside so the question only could I show the chart my answer is this is one that I wanted as part of our portfolio as part of our brokerage house in the mix of financials brokerage high tech oil or gas I chose gas natural gas we still have the DB agricultural fund you know we have a we have a mix and within that context all I can say is we have an environmentally friendly stock CF is a symbol CF industry is pulling back today it's up 78103.01 made a peak D high yesterday 105.23 let me just check to see if that is the number 105.23 now I could do some digesting did a beautiful cup formation that I've spoken about so often spent a lot of time yesterday on it because it's the pattern that we're looking at for subscribers to an opening call I'll do a webinar on Saturday and it's going to cover I'm going to cover what I'm looking at both rotationally and in terms of sector and individual stocks and sectors I'm going to choose some just to discuss that I think would be very important plus the pattern because after the cup formation it's not unlikely that you could start an arch formation and where would that stop would it be a full arch and I think so so this is CF holdings hydrogen nitrogen products clean energy fertilize emissions abatement wow what doesn't sound good there right but it's the price it counts it didn't do as much as it should have if it's such great news it should have been not only above the left side high of June 101.71 it should be testing that breakout peak a failure pattern that was in 16th of May at one 10.36 so it's a little under that it's acting well but it's it is doing with small candles no problem I don't have a problem with that but the big candles give you the big price movement and this is just a very steady up movement so far so that's the patterns that we're looking at next thing and remember this is one I discussed yesterday this is breaking out of the chat wave inside track it's the first time this is what you want to see in the natural gas chart that I was showing a little earlier on for coda that you want to see it start to break out a resistance level and we had only gotten to an a in the natural gas but underneath a lot underneath the previous highs this is gone above and that's the manky still hasn't turned positive in the week he is close so this is important and the monthly chart look at that okay a couple of other questions came in are RBLX RBLX it got to peak D now I made a big deal for months about the 200 period moving average you don't see it I said but when we start to get closer and closer that becomes a magnet that's what we spoke about yesterday we're talking about magnets spend a lot of time on that well the magnet of the 200 period moving average at 52 has been hit in RBLX RBLX is trading this is gaming platform RBLX trading a 4.20 in the 22 first time it's got to the 200 in the box that's a big I'll be back in a moment are you grinding in the market but seeing little to no return or are you a successful trader simply looking to 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interesting stock and that's the rotation I'm talking about so GE at 76 is starting to show better strength it's helping the weekly chart and now I wanted to show you something yeah it's helping the weekly chart 78, 73 is key support level we're looking at 6 the question of the guardian of the den said 6 is down 20% so have a look at this 6 flags entertainment call I wanted it for a long time we tried to get it then we got it and it just never worked and I said you know something's wrong if 6 flags in the summer which should be huge isn't doing well we're out of it we don't even want to touch it well look what happened yesterday I spent time talking about the arch formation that can turn into a cup formation and you can go to a D well this went to a peak D with a round number 6 yesterday today it's trading at 20.20 down 5.61 how about that all the things we discussed Chapman Wave takes you to at least a D that's where other things can happen wow did other things happen watching the rectangle formation watching the arch turn into a double cup it was like an M pattern and then it went up so you've got to be careful so what I'm saying is that this is working out very well right now for me it's getting a tad overbought in certain areas and I'm just going to make it as clear as I can I do anticipate some kind of a give back over the next day or two maybe going into next week but we've broken out in the weekly charts and tomorrow at 4 o'clock is going to be really important we'll talk about that tomorrow check out my opening call, my daily newsletter and my webinar that I did is now archived and I especially did it you can listen to it any day, any week it's not specific to yesterday's it's the patterns have a wonderful day, stay tuned for Steve Rhodes coming out