 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. Hi everyone on this Tuesday. Everyone had a very good weekend. Of course, Father's Day and Juneteenth and all these holidays. I mean, this is quite something. We've really had a bunch of three-day holidays this year. We're looking at $30,400 in the Dow, up $511,000. It sounds fantastic. We've seen these big pops to the upside before and they kind of give them back the next day. I don't think this is the case. I think that this is something a little more serious with all the work that I did over the weekend, for certainly from my subscribers to my opening call. We went through quite a lot of things in my Sunday video, which was about an hour in length from my overview. Some of the things that I was discussing was, in just a purely technical basis, this doji candle at a low at $29,653 in the Dow together with the on-bundle sort. You remember when I'm looking at technicals, I talk about the MACD, the stochastic and moving averages, especially the 9 under the 14 or 9 over the 14. I look at the on-balance volume. I look at relative strength. I look at a lot of things, but there's also the pattern. The pattern that we were talking about for some time now is the pattern that I call, oh, where is it? It's right here. Let me just go through it. It's called the dreaded H pattern. What that means is, I look at basically three patterns straight up, straight down. That's number one, cup formation, number two, arch formation, number three, and a combination of one and two or one and three. In this particular case, it's one and three, the dreaded H, where you come down very sharply and have a rally and at a peak A or a peak B, the first or second peak, there's a turnaround and it makes this arch formation that takes out this left-side low. The reason why it's red is because if you take that out, you have in my methodology, Chapman Way methodology, you have two or three sessions in which to close above the left-side high, sorry, the left-side low. If you don't do that, then you have to wait for a whole new series of technicals to form to be able to get a vicious turnaround that gives you a brand new buy signal that can go to a buy mode. Well, in the H pattern, the 30,635 low that was made in May with a big pop in single leg A up to 33,272. Then we made that arch formation and we went under it and one day we popped above it and then the next day we went below it. And the next day, Friday, we went below it with a little dogy candle. So that's it. Any turnaround now above 30,635 has to, number one, be on a closing basis. Number two, you have to see a really sharp turnaround that is consistent with a move to the upside that follows through. It doesn't matter whether it's a daily chart or a one-minute chart, but you've got to have at least two sessions going much higher in this V-shaped pattern, preferably taking out a left-side high of importance. In this case, that would be the high of, I think it was maybe Wednesday, or 31,011 and we're at this point, 30,394. That's a huge ask. And you have to get the stochastic going from single digits to double digits, preferably 12% to 15% somewhere around there. And you have to get the histogram and the MACD to turn up. So this is just the start of something. Yes, we are long. We're long from Friday. We've been a number of times. We've been long. We're long from Friday. And we'll just have to see where it goes. That's all you can do. You do your homework. And then you see, if I had to use the weekly chart, we went underneath the Chapman Wave inside track propellant zone. And now we're above it. In fact, we're just nicking the green line, which is the upper part of this little mini down channel that I call the inside Chapman Wave inside track propellant zone. And we'll just have to see what happens. We've done one thing at a time, and that's all you can do. If you go to the S&P, you'll see that it's slightly different in that, yes, we did go underneath the 3810 low of May, had three peaks to the upside, went to 41.77, and then arched over, took it out. One day we went above it, couldn't hold above it. And now it's 1, 2, 3, 4. Even today it is, I wonder if you can... This is five sessions, almost six sessions. Five sessions, this will be the sixth session. We don't know yet, but it seems that it'll be obvious that it'll be the sixth session. But maybe the sixth session, that still doesn't get above 3810. It's at 37.61 right now, up or whopping 87%, sorry, percent. Maybe seven points, up 2.39. And here we do get to on balance volume, giving a beautiful W shape with a little V at the end. The stochastic is still only at 10%, but it is above the single digits, but it's not making a nice turn to the upside. That's because of the lookback period. The lookback period doesn't allow moving averages to quickly reverse to the upside until you either have a very big price movement on a closing basis or it takes a little time. And the histogram has started to improve for the first time in quite a while in the MACD. The nine is still way underneath the 14 and makes 3811. That 3811 is just about a point above that low that was made in May, but that's the nine period exponential moving average, pink because it's still way underneath the 3868 14 period moving average. So there's a whole lot of work to be done. And within that context, look at the QQQ, this is the NDX100, up 2.75% at 282.26. Now, putting it together, you've got in the Qs, the S&P and the Dow, you've got a particular stock. Some of you might have heard of it. It's kind of a fruit. A good question the other day was, why is it orange? One of the few fruits named after its color. Of course, lemon does the same thing. Well, Apple is having a beautiful move up 7.61 at 282, up 2.8, that's the Qs. Let me go back to Apple. Apple, someone must have had a heart attack there when I said 200 something. It's at 136 up 4.77. A beautiful move up 3.68% and Nancy, I think it was in the den. I just saw, what did Nancy say? She held on to a position over the weekend. Where did it go? Oh, I lost it now. Oh, no, no, no. There it is. Apple on a rip this morning. Yep. She held on, I believe, to calls that she had and just got out of them. Bravo. Well done and you evidently were listening to a number of people from TFNM on Friday out to Apple 130 June 24 calls and it's at 136.29 right now. Bravo, that fabulous action. Fabulous, fabulous, fabulous. Now, if you had asked me this morning about Apple calls, I would have said if you have a number, oh, if you have only one Apple call, absolutely. Take your profits and run. But if you had a number, I would have said absolutely take half of them off. Keep a little bit because there's a chance from the action of Apple on Friday to today with a MACD way above the low that was made when it hit the low in May, 20th of 132.61 before it made that peak B. Arch formation, the dreaded age pattern and close underneath the left side low. Quite a few times. This looks to me, especially based on the weekly chart that Apple actually could, it's just touched the nine period explanation moving average. I think 138.32, the 143 moving average, I think it's in the cars. In fact, I think Apple is looking very good on a ship in basis. So I think... Up back. Yeah, one question is about Google moving back. 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For more stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry about the movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors I'll just do this for the moment. This is the 10-minute ESU-22 this is the September E-mini 10-minute chart. It made a really significant low. I was flying this, let's see, there we go. That was a low at 1050 on the 20th, is that it? No, it started off at the 17th. It made a low around about 3640 and it ran to a peak D. Remember in the chapter where we're always looking for Ds? Peak D, the fourth highest peak as well. Other things can happen. Turns around at a peak D, just above the orange line you see this 200-period moving average. It pulls back, starts a brand new buy mode goes peak A, B, C and D again. In the left side, right side price time match comes in a little short and a little short in time and price just about one bar. And then it pulls back and you peak A, B, C and the C goes for a little while then it makes a D. Finally makes a D and then it goes A, B, C, D goes through an E, pulls back. Now it's using the 200-period moving average as a support level. Is this not amazing? Look at it like a magnet. It goes to it and then it pulls back. Goes to it pulls back and now it's starting to reverse. You can see the technicals are getting a little stronger here and all of a sudden it becomes support A, B, C, D, E. And then it goes A, B, C, D, E, F and pulls back and it's got this beautiful trend line that's going up and then it goes peak A, B, C1, C2 and then it goes D and that D is right there at 23-20 that's 11-20 on the 20th that's during the day pulls back sharply. As a sudden spike goes to peak E it's like a single leg up pulls back makes an arch formation all above the 200-period moving average and now there's big move to the upside at this point I'm calling it a B I could give it an alternate count because I never took out the left side low this could be an extension of this peak E could be an F but everything about it with the stochastic at 90% this is a 10-minute chart Magdi very strong but getting a little toppy I have the on balance volume right here says that's also a little bit toppy so we could see a little digestive phase going on for a moment here most importantly look at this we've got a peak C1, C2 it's actually a peak C1, C2, C3 at this particular point in the one-minute chart the Magdi is pulling down for those of you who use Magdi the moving average convergence divergence I've even had webinars where I've discussed this in great detail how do you use remember Magdi almost always in line the 9-period differential almost always follows the price movement every once in a while it fails to do that it starts to go in a different direction the stochastic is down at 63% the on balance volume is pulled back what on earth could you use to keep you in the trade the 9 above the 14-period moving average you can't it's been green ever since this morning at this is the one-minute chart this morning it went green and even with all the fluctuation since then there's a chaff wave notation it's still green it looks to me as if this is going to be key because if it suddenly pops into 30 it's a 3769 if you suddenly see 3773 that's going to be very significant because that would start to help the Magdi improve at the same time what we're looking at here is key support on a very short term basis I'm talking about a one-minute chart don't get carried away closing below 358 for 3 out of 5 one-minute bars will say now you're in for a consolidation what did we just get we've got our leg D to the upside D capital to the upside in the chaff wave lowercase to the downside ABCDEFG or the letters we use it's a D that other things can happen in county as your G stash C we'll see what happens because we're up 96 points in the E-mini alright that's the one-minute chart and to top it off you've got as I said before the 10-minute is in a leg B and now because the stochastics are 92% and the Magdi's getting a little overboard but still very very strong I can make that an up arrow it's in a buy mode let's get back to our story here so now what we want you to do is to go through some of the other indices so a couple of things a question came in could I look at Goog yes and also another question is what's your position now for subscribers well my position is I'm going to have a sip of tea and I'm going to say that my position is and look at Apple now it's at 136.64 it's now a little bit above the pink nine-page moving average Goog I do Goog I don't do G-O-O-G-L I use the alphabet ink C-stark that's your core Goog alphabet trading up 3.93% up 84 at 2,242 so the question is good morning Basil good morning I would like your analysis of Goog is now a good time to start a long position thank you I like Google very much I'm putting in the category of Amazon let me just show you Amazon you'll see I'll show you Amazon just typing it in there it is it's almost the same pattern it had the arch formation a successful arch because it never took out the May low it's trading up 4.9% up 5.23% at 111.46% and if you even look at a Netflix which is above the left side low in the arch formation although it went to peak A peak B and a peak C but it pulled back and it's holding okay it's up $1.77 to $1.77 .23 if you put it together with Apple I'm going through the I'm going through the old traditional fang stocks or ANG so 129.04 was the low in Apple it's trading now at 136.62 it did take out the left side low so there's a little bit of a difference in the pattern and Alphabet which is Facebook which is now meta there's a much worse chart pattern this is the uppercase AI full tower in the monthly chart it's trading up to $14 up 1.3% at 165% it's in dire trouble so I'm going to say that Goog is the one that I like a lot and the answer to your question is yes right now 2246 what is Goog I think Goog L is really the trading vehicle trading at 2241 yes I'm going to say I would start the position I would start the position thinking that I need more evidence that it is a longer term play meaning not just the near term but and not just a near term two week rally but a potential three to four week rally I think we've got the ingredients here to say if I look at the investor what it was I've given talks every once in a while for the group I always forget the name American Institute of Investors something like that their numbers on the bearish or the people that think that the market is going to go into recession are so high I don't think I've seen those numbers before so all I can see is on a more than short term basis I'm really talking if we can survive into Thursday going into Friday not even getting close to the lows of this past Friday but more like the low of the day come to this street with upside I like it I'm going to start with this new group I'll follow it up the next day and you hope it helps if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report of gold silver bonds the XAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn.com as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tigers Dan at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com 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 bestselling 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 trader's 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 guardleaf ABCs 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com yeah so we back so just as I said before at 2243 that's the one I'm looking at now but it'll probably be GOGL that you have to trade which is almost the same price 2237 I'd start the position but treated as a starter position because we don't know we need to see the close we need to see is this a one day rocket to the upside that we've seen so many times and for subscribers to my opening call we have fortunately been along those very very big turns to the upside but the easiest thing to do would have been just to be short all the way and just cheat the pop-ups as pop-ups as a separate thing all together but in the meantime back at the ranch I do think that the pattern I'm looking at let me go back to the good because that's the one I trade I don't trade either one I follow club more closely than anything than the GOGL I did draw in a cup formation and then it broke down and I went look this is still the potential for a cup formation but oh you can talk about inverse head and shoulders and all that and that's really not the issue to me the issue is that the magnies way better than it was the stochastic is higher than it was in that may low the night the on balance volume is rallying and the nine will become a positive and go green if by Thursday to Friday as long as we can try to get to 2264 or higher there's a good chance that it's going to finally turn green that weekly chart needs a lot of work so within the context of the fang stocks what we are looking at now is something a little bit different in that you've got two of them are much better than three so that says to me you've got to be individual and that's what I've been saying all the time one of the reasons why for subscribers I'd say just for the moment yes we've got a a former huge one in the in the dow this is one of the longest lost thing dow stocks that we've had we've lost honey we've got honey well back honey well honey well is back and that's good so honey well is back it kind of goes together with the one that we've got long and it's doing very nicely today it's it's a transformer in other words it's more from a has been to something that really could become quite exciting in 2022 we don't know but we're attempting that this is the chance I had one that I want to talk about because I got a question about it from someone who bought it and did not get stopped out because they didn't take my stop this is CH this is Chico's fashions, women's aware so we bought it the other day we bought it on the 16th at $5.49 and then I said okay let's make the stop $5.19 and the reason is it went underneath it would have the 25-22 was the 14 period exponential and I thought I'd give it a little bit of room and unfortunately that was the exact low of the day on Thursday Friday and it stopped us out it was there for less than a minute it just someone said ah for $5.19 somebody wants to sell it and then that's it so what happened is it closed really well it closed in the $5.55 after hitting $5.61 $5 $5.58 on Friday and I wanted to try to buy it again today get back in and now look at this it is up 7.5% up 42 cents at $5.92 and that's what I've been saying all the time look at what you are studying separately from what you read from what the sector is doing if you've got this is one of the few times where I say if you've got an individual stock that is holding really well in this environment that's a really good sign don't think of the sector I mean if I go through the sector of the women's wear sector some of them look actually I haven't even looked at this for ages FRAN I think that's FRAN isn't that Francisco something or other let me just see if it's even a symbol am I right FRAN no I can't remember anyway some of these in the women's wear really get just knocked down terribly so CHS look at this it's fantastic look at the weekly chart how it's improving monthly chart needs some work but CHS and yet it is at $5.91 so I could have done two things one is I could have just dived in this morning treated like one of my screemers single digit screemers and said let's just buy it at the open and put a stop in of even $0.15 what was the low $5.53 and it opened at $5.55 and just let it rip because we need peak D that's what we're looking for the whole idea was to get to the peak D well we're in leg D right now so I want to talk about things that work and things that don't work now what's really important is that as an example of why I'd be prepared to look at Google in a positive way right now because it's chart chart pattern is slightly better than the ones that are weaker like a mentor etc so okay then I had a question just came in a little while ago which I wrote down in fact I did not write you down I thought I'd remember it and I do remember this HAL hella Burton but I'm just going to put this down here HAL because I'd like to write down what I've asked you today so hella Burton as it wasn't about hella Burton so zip hasn't told me what he's doing with hella Burton but this is what I can say we've spoken about this before and it was on its way to a peak D in the daily chart last peak was G peak before was G around about 42 and it goes back to 3032 and that's $10 hella Burton oil service screams up to 44 and if it was around number high it was probably just under it 4399 well if it's just under it that is about as just under it as you can get 4399 not 44 round number peak D has a sign in dodgy candle the next day gaps down pulls back, pulls back, gaps down and what does it do it drops right to the 200 period exponential moving average of 31.82 now the question comes what next so all I can say is I don't like this pattern because this particular pullback even though I can see a bit of a balance here this pattern that I look at in the weekly chart is a peak F I've got a question mark above it because it's only one week that it went underneath the 9 period and 14 period moving averages but it did close decisively under it look at the MACD deflecting lower in the weekly chart look at the stochastic deflecting lower now at 54% look at the on balance volume giving you this exact top well one more sorry one more earlier than the exact top I would just say if you're in it and the core position from much lower that's fine but if you're thinking this is a trade a near-term trade yes you could buy it now 33.72 personally if you put it together with CVX which is different because it's a multinational oil look at this pullback it went from 182.40 on the 8th of June down to 145.79 a leg B and it looks like it could be a trough B didn't get to the 200 period moving average but it has the same pattern in the weekly where sideways had a big spike to the upside with lousy technicals and now it's pulling back sharply look at Exxon and of course I'm talking about multinational I'm not talking about the oil service Exxon both has pullback not as sharp as CVX on the others but still from the 155 area to the 85s and now it's at 91 much better chart Exxon but it's the same category look at slumberj SLB slumberj I haven't updated I'll update it during the break I'll be back back are you in the market for buying or selling real estate in the bay area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology 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 $7.50 sign 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 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 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 investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ I should say that sloppers out 2.28 right now 38.92 up to 6.2% at a peak at E 49 at 49.83 on the 8th and went underneath the 200-period moving average having a nice session today but they all look the same they all look like they are going to consolidate and some of which are of course in the oil service business let's go to Brent and Martinis, California Brent how are you I'm doing great Basil it's nice to talk to you again yes good to speak with you and you are looking at what I'm in this stock Clovis which you probably talked about in the past and it can do some pretty crazy things and I did buy into it I'm not sure if you have the right symbol it's a CLVS CLVS is Clovis Oncology yes Clovis Oncology it's at 216 right now it's only up 98 cents up 82% wow so did you get in was your like the action on Friday were you already in on Friday I've been buying into this when it was at this low it got down to 58 cents and that day I didn't buy any shares but I bought call options up to 2024 January 2024 dollar calls I think I'm in under a dollar I don't remember exact price but I think it's around 80 cents I have you know I think there's a bit too so it's a stock I've traded off and on going back to 2019 I know at least the way the stock acts anyways so this is a very interesting one because being in the biotech business you expect sudden pops to the upside and then it gives it back but actually this one just made a although at a very low price the percentage gain was still very big but it really had a series of sudden spikes to the upside and almost immediately would give it back but there was one really good that was in about a year ago no a little more than a year ago it was March April it must have been in March of last year it went peak A peak B peak C and it actually made for the one of the only times in years it made a full peak D almost at the 200 period moving average back in April of last year and then it took a tumble from just under 3 to what you said the other day was 0.58 so this has got this beautiful cup formation so what it did today even as you've been waiting online it almost went to the 250 200 period moving average it avoided last time when it ran on April the 6th of 2022 it went to 314 and the 200 period moving average on that particular day was 330 so but this is a leg B now it doesn't when the move is this size let me just go back I should actually have this fully notated I think we lost some of the notation but this last made a peak D when it made a low back in May of 2021 0.99 it screened all the way with a single day gap up on the 9th of June to 0.724 close at the low of the day and that was it in fact that was it for the next what was this this was June of 2021 and yeah we are June of 2022 so for a year since it popped up that day at peak D it just it's gone lower and lower with slight very nice percentage you can't complain on the stock that goes from like on the 8th on the 19th of August of 2021 it goes from 406 and in two big moves it goes to the 50 period moving average of $5 so that's a pretty big percentage gain but this is one of the best that it's had in a long long time and you're in it so tell me what you're going to do or you are doing well I'm just raising my stop and just have a trailing stop and it's tricky when you have the data is big to not do something I might take a little money off but I just want to try to something acting this well at least at the moment and the fact that it is only in Lake B on the daily it's an A on the weekly so we'll just see what it can do this has been a series of days now not just a single day but acts so the only thing I would say Brent because I know that other times when you've called when you've had moves like this by the time you've called me you've already organized your trade position to such an extent that you've either taken off some and you're holding either the stock and you've taken off your options or you are just holding the options you've taken so in this particular instance my only concern is that I certainly don't know what the news is it could be anything but what I will say to you is that the the stochastic is only at 70% the MACD is very strong the unbalanced volume is a tad overboard if I put the picture together this is where I would ask my opinion about the stock I'm just saying this is where I actually would take something off but I like the idea of keeping if you actually have the stock and not just options this is where I would if you've got it down the lower you take the I hate just to call it a gamble because in biotech you really are at the market as some of these biotechs over the last week or two have had spectacular moves and some of them have been spectacular moves down not up so you never really know and I'm just saying that in this particular instance I would still treat it as a biotech I try to keep a positive aspect in the sense that it's had 1, 2, 3 this is the fifth day of upside activity with big moves that's the first time it's done in a while that's a big positive but I do think they're taking a little bit off makes sense because it is only because it's a biotech and you just I mean even as we talking it hit 240 moments ago and now it's at 192 well my calculation says that's 50 cents off the high of the day 50 cents off $2.40 I mean we're talking about 20% some pullback so that's all I'm saying I'd still treat it as a biotech let it prove to you that it's something more than just a one-night stand it's something that really can keep going and that's really what you want to see all right thank you so much Basil you have a great day and a great rest of your week let me just say to you congratulations great pick and just I'm watching it again you always point this out to me I'll be watching it and see what happens thank you very much for calling in congratulations congratulations take care Basil so folks that was we were talking about Clovis oncology, CLVS now trading at 1.95 must have heard us and now say what should we do this I'm going back to $2 we'll see what happens but you never can tell so I had a question in the den about what was the other one oh did I saw it AE what was that stock A-V-E-O A-V-E-O is this in the farmer yep this is A-V-O farmer oh brand sure to see this brand here's another one up 13% $512 A-V-E-O A-V-E-O up 62 at $512 the APP and this will be an E and there's your W formation I will talk about this back since we've heard about the $2 we'll be back I'll be right back 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because I want to do a whole bunch of the commodities I haven't done anything in that area for I used to do that on my show I haven't done it yet so so I will do that so great trade it just went out congratulations in the den it went to 15 is trading at 512 right now 503 is the Georgia period moving average and so forth it's above it but it is a leg and the stochastic is very weak at 53 and the magnate is good not great on the on balance volume is running so I say this is the potential for a cup formation it's like a you and then another you and a question the den came in could I look at the excel you so I'll do that right now so this this so far is acting well I would say that 478 to 482 is probably the support you got to watch an AVO excel you I did some work on this over the weekend and it just looked terrible it went underneath all the support levels it's got a peak F in the the S&P select utilities fund doesn't look good at all in fact it's really the age pattern in the weekly chart says watch out because if it closes under 64 that's a real problem it's already intro month it's gone below support level so I'll do a little bit more when I do the bonds and when I do Larry's hour I can't say I'm doing Larry's show but I'll do his hour and I'm going to go through a whole bunch of the commodities I'll go through the dollar you know we're still long the dollar even though on a very short term basis is pulled back from 105 79 so stay tuned I'll be back I'll be doing Larry's hour I believe is on a and trade with the C&E will be my hour and that's it don't be quick