 The following is a presentation of TFNN. The Tiger, technician hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. By the what? Bound of Chapman, December the 10th, the Friday, end of the week as well. This is going to be very interesting because the Dow was up quite sharply. It comes out with what? 6.8% inflation. We're talking about the market celebrating. Woo-hoo! And rally's sharply higher with the Dow going all the way to $35,951. Remember I've been saying for a little while now, the $35,800 and $35,900 should see some kind of resistance. And that's going to actually be a test of strength. Meantime back at the ranch, we've had since the December 1st low on the 200-period exponential moving average. We've had 1, 2, 3, 4, 5, 6 is the 7th consecutive higher high, meaning this is what I call in the Chapman wave a floating letter from here. It turned out to be leg A, leg A, leg A, leg A. And today still leg A. Chances are that maybe Monday we get a peak A, as is some kind of a pullback Sunday night into Monday. We'll see what happens. But this is quite extraordinary. Very sharp move, and it includes a gap. So that's very good. And it's helping the weekly chart to improve a lot. So as it stands right now, the Dow has gone from a buy signal to a buy mode because the statistics over 80% and 83% of the day is young. Probably I should wait until the end of the day before I say this. But so far, it looks like it could be an upgrade to a buy mode. It's a daily chart. I have to wait for the close. And the magnies cross positive. It's still way down low, but it's cross positive. The histogram has improved. It's gone positive. And you've got the 9-period over the 14-period moving average. Good signs all around to suggest that the VIX index, and I've been talking about this all week, that the VIX index, that spiral to the upside right there at PGD, 35.32, I can now put it down arrow to say it's in a sell mode, the VIX index. Of course that can change in a moment's notice. But the designation as of now says that the VIX index is in a sell mode on the daily chart. Certainly that could be the same in the weekly graph to wait for Friday's close. Had a PGD as well in the Chapman Wave methodology for the weekly chart. The other stochastic's gone from 35.32, 15 points lower to 20.07. I would say that that is a pretty significant pullback. And therefore I'm calling this a low of significance in the Dow and the S&P, but not the low. We don't know yet whether to see it. And I often talk about an internal low and you have to wait for a residual low to get confirmation. Let's just say that this is something that's very important right now. When you're looking at the S&P, S&P is up. So the Dow's up 0.33, up 119,000 and 35,871. The S&P is up 0.55% at 20, up 25, at 46.92. Did it take out yesterday or today's Friday? Wednesday's high. Let me just check that out. It's trading right now at 46.92. The high on Wednesday was 47.05.06. And today's high is 47.05.38. We've started leg B. That's all we need to know. Leg B, that's very important. And I'm still calling it a gray leg B. Why? Because the stochastic is only at 73%. It's underneath 80%. And I can't give a buy. It's in a buy signal, but not a buy mode. So the buy signal says, yep, this is good. Magnets crossed positive. The nine-period moving average is over the 14. All of us is good action. There's no question about it. I just real quickly, while we're in the middle of looking at charts, question about, could I show the E-mini? Yeah. We made a peak D in the E-mini 10-minute chart at the high today of 47.06. Trading now at 46.89.50. That is still, I believe, a leg A to the downside. And the 100, so the one-minute chart, this is going to be very important as well. The one-minute chart is now in a trading block, a rectangle formation. It did that earlier on. That's, look at this. The news comes out at 8.30. It pulls back and then it readies. It reads nice green line on the nine-period moving average all the way to a peak E and then it pulls back and then it goes sideways. And a long period of sideways action tries to break out, can't, and then it breaks down. It goes lower, below the support level. It goes right to the 200-period moving average. It tries to use that as a springboard, can't do it, fails, pulls back. Again, it goes over that, can't hold it, pulls back. Again, we've just had, in the one-minute chart, ready to the upside, can't hold it, pulls back. And that's why I'm saying, I believe, based on the Dow action, that we are looking at at least some kind of a shorter term pullback today. Maybe we've just seen the high of the day. And that might, based on the Dow action, let me just go back to the Dow to show you, this is a chart. I show subscribers to my opening call every day. It went, there's a left-side, right-side price time match going to, to March or Monday, actually. And that said that the high that was made right here at, right there. That was on the 19th of November, the high of $35,879, was a target in the number of bars from there to the downside to the number of bars using this as a plum line, the action December the 1st low, as a plum line to the rebound. And that rebound went today, the high was $35,951. So it went a little bit above. It's in a leg F in the 120-minute chart, looking a little toppy there. So I'm suspecting that there will be a peak A, maybe Monday, and it could be lost a day or two. And that's the big test. Do we start to make a strong leg B or are we going to the all-time highs in this phase right now? Or was that at least for three to five sessions where we pull back and then we have to make a decision, was that low, significant low, or were we going back to retest sooner rather than later? That's making it as simple as possible. Let's go back to our story. We want to look at, well, there's a lot to do. So let me just get on with this. So the weekly chart so far, this is a fabulous move back in the weekly chart to suggest that if we go above $47,43.83 in the S&P, don't have to close. You just have to go above it. That's that it's probably not leg G. G and weekly charts at tops usually have G slash C, and then you go to a D. And then we have to consider that's quite bullish, at least for December. But if we start to fail from here, and by Tuesday or Wednesday of this coming week, we below $46.47, which is only 23 points away from here. We just did 22 points up. So if we underneath $46.47, that's it. You know what, we can have a little bit more of a consolidation than we have to make some decisions. In the meantime, this is very selective. If you are looking at certain stocks that have held well, they should continue to hold quite well. It's an important phase. The QQQ is just stuck here. I'm actually going to do this. I'm going to show you something. I want you to just finish this. A, B, C, D. Yeah. So we just did a digestive phase with 120-minute charts. The QQs are not meeting that. They actually just follow it. They are up to 0.65 today, up to 0.61, but it's $396.41. 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 in CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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The S&P is less so the QQs are less so and if you look at the SMHs which is the semiconductor ETF holding really nicely and every time you think it's going to pull back sharp something comes up. What was it yesterday? AVGO what was that? Broadcom yeah, look Broadcom House of similes Broadcom Inc used to be BRCM of course now for a long time it's been AVGO that used to be the that's the company that took over so they're using that symbol for warning of Broadcom and what we're looking at is it's up a little bit it's up 10% a 644 round number right now and it's spiral to a leg E in the data chart, a G-Sash B in the weekly chart and each time we get this remember that just a week ago we're looking at the SMHs looking really vulnerable but out of the blue you get you get Marvell that's it Marvell has a big spike to the upside and look at this it's held and held and held and now it's pulling back a little bit it had an all-time high three days ago of let's see I think it was 90 what happened there 93.85 looking for round numbers no round numbers 93.85 is trading at 90.13 right now so you can see that this has been what we're looking at so far is that the rotation has also included the internals within each sector so that you hadn't advanced micro devices which was leading the pack with brilliance in every way and then at 164.46 all-time high at a peak G it pulls back sharply and now it's up $1.43 but it's forming the dreaded H pattern right here so this is where we see the rotation that says leadership sometimes can start to stall and then you get some other stocks that take over for a little bit longer but as we're looking at it more and more of the semiconductors are starting to show some kind of what's the oh NVIDIA how can you forget that NVIDIA same thing a dreaded H pattern it's fading to get out of its way with the lower lows lower highs and lower lows and it's struggling to break above can it do that of course it can but so far it hasn't done that so this is what I'm saying that we're looking at leadership that is becoming more and more selective that doesn't mean we can't go higher but it just means to say that it's starting to be a struggle in some areas let's jump to gold into the IWM I'll get there gold is stuck it's up $6 in 1782 it's in the lower range not everyone, a lot of people are saying oh gold is getting ready for that big explosive roof to the upside all I can say is in the patterns we're following this weekly chart with the Chathamway inside track support level having popped below it a couple of times says that it's really important that gold does not take out the 1760 I think it was actually 761 1762 low of the 2nd of December it must not close below that because if it does that it says you've now created a huge resistance area in the 1790s to the 1805 area and until the gold actually starts to trade in the 1812 and higher range it's just stuck it's not breaking down at all but it's just not moving nicely the silver silver is making lower lows and lower highs it's up to today a little bit up 14 cents at 22.15 you see this the on balance volume is making a v-shaped pattern but it hasn't really produced a big move that big move would see silver going to the 2279 area now we're also looking at a large pattern and it says jeez is that the best you can do it's not failing but it's really not producing anything that looks significant for at least at this time and this is a news related event to spiral to the upside looking at high grade copper same thing just dull in the lower range let's put it together with the wood which was doing quite nicely this is the iShares global timber and forestry etf I like to tie the two together it's acting a bit better actually and in fact if you look at timber and forestry etf and you put it together with the hgx if you put it together with the hgx come on there it is hgx is that a really nice moving the cup formation and that's one of the reasons why I can't get overly bearish here because as long as I'm seeing the home builders and tall brothers of course is a significant part of the Philadelphia housing sector in the index which is trading in a nice cup formation it's up 4.61 up at 526 this is a good sign and if you look at tall brothers made an all time high yesterday what was that high it was 74.31 and today it's up 76 to 73.48 it is a little extended yes but wow this is really good actions nice to see so it's great to see sectors doing well if you look at the OIH the OIH is holding okay it's gone through a leg B it's pulling back a little bit down and painting today 193.48 but it has started to move that's suggesting only in the magnet of the 200-period moving average of 193.48 0.50 that the stochastic and magti are rallying the 9 hasn't gone above the 14 but it's attempting to do that and this is what you want to see in a cup formation you want to see it not break down to the left side low but to stall somewhere above it and then start to see green candles and that's it aha now you can maybe start to build some base to attempt to go higher in the shorter term and now we are in leg B so the OIH that's the oil service ETF doing okay not great just off the bottom the way the way you like to see it if it's had a sharp move down that's what we've been talking about a number of so let's look at BIIB because we had the same pattern yeah you see BIIB we talked about this the other day this is biogen ink and we said it was at around about 227 said it's looking good but it's a horrible chart pattern to look at because it needs to make a big like a V-shape power move to the upside and now it's gone to a leg A and it's pulling back to 233 it went all the way to 237 so yes it did what we were looking at in the very short term a little nibble and then and maybe a little bit but it needs this I'm only talking patterns now I'm not talking about biogen I'm talking about the pattern of the dating chart so this to make this a successful rally you have to see this particular V-shape pattern go right back to some of the ugly red candles on the left side and that's like the 26th of November 225 to 242 next to days 245 to 235 lower lows and lower highs we want to get into the bottom of that make this a successful V-shape pattern so far but it's done I'll be back in a moment I'll be back in a moment I'll be back in a moment 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's 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 4.00 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become 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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 Hi everyone, so we're looking at the TLC which is the Equal 20-Hertiary Bond Front and that is and that is up 45 cents let me just slide this across so you can see what I'm talking about hmm seems to me there must be a lot of trading going on today because all of a sudden we're just a fraction about a split second slow yeah so what we're looking at is that years are stuck in a range and aren't doing much right now but they're not breaking down they're not breaking up just for the moment and that's important because at this stage you don't need anything to really upset the market we've got enough with inflation now what so in the Dan that I mentioned here that I've been talking about the oldies becoming newies for quite some time I said Microsoft morphed it changes, it's a whole character it was in the explosion to the top back in 1999-2000 the dot-com bubble quite a few of those stocks just got decimated and now they back their leaders and now you've even got something like I was mentioning Cisco to subscribers I was almost going to take it for the burst to leg D we didn't do that but there it is there's oh what a fantastic oh how upsetting is that we've been discussing it all week and now it's at it's almost at an all time high well at least a recovery high it's in leg D in the daily chart 59.11 up to and that's very important look at broke the trend right there this inside track repellent zone this is the old Cisco 5G cybersecurity subscription transition I mean I'm sure I do that now yeah technical Friday let's just do that look this is a Cisco going back squeeze squeeze squeeze here we go there's my squeezer squeeze once twice three four five look at this I had that I renotated everything and I've lost that notation I believe that was a D I don't know whatever it was the old time high was at 82.00 round number high all time high for since March of 2000 and it's now December of 2021 so for 21 years it has not made me all time high this is also split and I don't know how many times but that's the high then you've got um Sienna do the same thing all time this is embarrassing this is peak A peak B peak C peak D peak E and it goes to a top in 2000 October of 2000 1057.00 0.00 that had a low of 588.00 round numbers aren't important so 1057.00 for Sienna and Sienna Corporation and it did have a little bit of a dip a little dip of went to 16.85 cents in October I would say that's a little bit of a dip $7.69 in August of 2004 and that might have been it I don't know we'll see anyway I don't want to go through this waste time I just wanted to show you that some of the oldies are coming back did I do Microsoft Microsoft Microsoft all time high the 1853.97 pre-split whatever it was high that was made back in 2000 I think that was 1999 or maybe it was uh yeah 5338 so that high it was made in January 2000 it took it took until somewhere around 2016 16 years with a low of 14.87 back in 2009 14 years to start breaking this cup formation and now it's trading at 341.50 isn't that amazing what was the other one we were looking at Oracle O-R-C-L made it all time high I believe this is peak A one of them went to C I don't know if this was one maybe this was A whatever it is it made an high Oracle made a high I can't remember this was pre-split 4647 September of 2009 it falls back to the low around about 7 that was back in 2002 and now it's trading at 100.94 today it made an all time an all time high of 106.34 so the old one the oldies are becoming the new and what are we looking at we're looking at wasn't there another one that I was missing um Oracle I did Oracle Broadcom I did that AVGA the AVGO but it's changed now because it was taken over but it's a different company Qualcomm Q-C-O-M look at that you remember Qualcomm made its all time high back in January 100.00 round number high it wasn't actually it was split a number of times after that because they announced it soon after the high was made it did come down I think it was a 500 something anyway so we're looking at the high of January and it also pulled back just a little bit it went down to the $12 $11 area back in 2002 and now it's trading at 181.73 down 53 cents having made an all time high last month but not so far this month so this is really interesting so I spoke about a long time ago a lot of people mentioned to me oh that's the end of automobiles gas automobiles with electric with the the Prius and I said that was what 15 16 years ago I said no the infrastructure of everything you can look at photography you can look at anything you want at the turn of the century the 1880s engines etc electricity it took for the infrastructure 30 to 40 to 50 years for the infrastructure to develop the same with oil and gas so that says that it's going to take a long time before the majority of cars are electric and it just in between so many things can happen I mean we're talking about the grid we're talking the electric grid there's a lot that has to happen this is good about I'm not making a qualitative judgment I really think it's not my issue my issue only is that you can't extrapolate what's going on now and say oh yeah and then just talk about it as if that's automatically going to be the future the future is filled with surprises okay enough with that so the surprise here is that two things are happening one is let me just get to this now I want you to do this if you're looking at wheat that's wheat we have the A pattern that I talk about very often it's also head and shoulders pattern it made a peak D and I warned the other day I said oh peak D we might see start to see a pullback in my DBA that's what subscribers have from the 13s it hit the 19 19 area just the other day and I said just be careful so yeah we are the DBA agriculture fund I had it all written down here I'll show you something in a moment so we made a peak D in the continuous contract at 876 and 3 quarters and it's trading now today's though is 768 so the other pattern look at this beautiful left shoulder head right shoulder and it pulls back below the neckline I hate the shoulders pattern because by the time you recognize it it's ready for a bounce so what we're looking at is that's wheat let's look at soybeans soybeans made of peak there's a break coming up I want to get you before the break it's trading at now 67 up to 3 quarters it's right on the 200 moving average I'll be 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 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Today! Just real quickly The big D that was made in the terminal chart How important is the 200 period movie Do you ever need it? Is it just a waste of time? Hey you tell me I have a lot of time I have a lot of time I have a lot of time I have a lot of time I have a lot of time I have a lot of time I have a lot of time I have a lot of time Hey you tell me look at the chart look how it was resistance and then it became support back at 4 o'clock this morning until about all the way to 8 o'clock and then bam we spiral to the upside did you need the 200 period moving average of that but not at all you didn't even need it at all wow comes a big D and it plumps down and what does it do? it goes right to the 200 period moving average and now it's acting as support is it going to hold it? is it going to break it? is it going to become a resistance area my opinion is on the very short term I think we are making some kind of a dow daily potential top for a peak E a peak A going into Monday so there should be some weakness excellent action overall but a short term be a little careful let's get back to our story here what we are looking at is look Juniper Networks made a peak D back in July of 2015 actually it was in November at 3239 it pulls back I drew this the other day peak C1 C2 is very important we just saw the peak C1 C2 C3 in the one minute chart right here in how important is that and it shows you right here look and just what didn't have time I think it might even have made a D so that high was in the futures 4699.25 and this one I think was 25 cents higher 4699.25 no it's exactly the same so you made a peak C1 C2 C3 it acts as if it's a peak D and you can use that for a pullback and that's exactly what happened so that's in the one minute chart so look at this peak C1 C2 Juniper Networks at the high of November of 2015 and I chose when I was doing my study of this over the last 3 weeks or so to say hey I bet there's a left side, right side price time match to this high that was made a peak C2 this is the month of November of 2018 and it could go to November or December but I actually have it going to let me just click it to see where the dots are right on November November of 2021 when it went to December but isn't that a nice technique left side, right side price time match you got no way to match sometimes it's the exact bottom of a cup or the top of an arch other times you've got to use a particular chart which I discuss for subscribers we've had workshops on this and isn't that interesting so Juniper Networks is fabulous now this isn't like Cisco and all the others this is a network it has a different prescription it has a different economic structure and a business structure so it made a 3239 high it has a different pattern if you go back all the way as a monthly chart looking at it going back to 2011 the high was right there to peak D how important is the fourth high you can see right here March of 2011 hits a high of 45.01 just missed the round number high and it drops very sharply down to the 14 area right here it goes to 14.01 in July on the monthly chart July of 2012 and it's been rallying since it did have a high of 3239 dropped to 32 15.20 and now it's acting well and this is telling you that this whole network infrastructure right now wouldn't be surprised if they are benefiting in many ways from the bills that are being passed we'll see what happens but in the meantime I'm just saying short term just be really careful I think we're under pressure here I can see some kind of a pullback maybe a couple of days we'll see what happens I'm talking about generally now a couple of questions Sintas Reboundy that was on my list today I said do we play Sintas for another move to an all time high do we play what did I say here what did I write for my subscribers I said yeah we've got I'm not really putting on any new positions unless it's a very sharp decline that's something we wanted to buy but Cisco to leg D question mark Sintas Double Top or Breakout question mark PSTG to leg D PSTG this is in the this is storage yep this is at a peak C pulling back today I think it still has a good chance to go to a new all time high above the high it was made at peak C to go to the 34 area it's at 3229 technology is one of our stocks that we've had for a long time we've had it since 70 since over a year ago it's in spectacular moves we've taken quite a bit off we've got a core position it hit 165 68 just recently it's all time high was 179.57 so as it stands right now the question is it's just starting to act like something we should add to two questions one was to add to and for some people who don't have it is this something to buy I'm watching it closely it's in an area look at this weekly chart the dreaded age pattern I'm just going to hold off I don't see any need to rush into anything right now the other thing is TMO another one that we've got thermofisher scientific this is acting a lot better I'd say I'd prefer thermofisher TMO over A for a trade but even there this is a potential leg A to the upside you could make that dreaded age pattern that we always talk about so it's technical Friday let me show you what the dreaded age is the dreaded age is where you come down sharply and start to make a rebound and that rebound so this is what it looks like you come down 666.65 was all time high we're long from the 484 area very nice gain taking a little bit off we've still got a big core position and it pulls back hits a 50 period moving average and then rallies but look what happens it comes straight down and then it arches over the arching over says just be real careful because if at the first or second high often in the recovery high if that starts to fail and arches over takes out that left side low that can be quite significant so all I'm saying is I'm watching it closely because if there is a move above today's high 644.78 if there is a close above 647 I would say you know what now we're making the v-shaped pattern we're going to go to the top test the 666.65 level so I just wanted to show you talking about chart patterns and questions I had we have a question from Sharky we have a question from Sharky where hello oh you're there hi how are you hi how are you hi how are you I'm good so you've got a question well you know it's kind of like okay so rig I've been watching rig and stuff and I've been doing some research and stuff with the backup still in the LA port and the supply chain stuff and it doesn't seem like that's gotten really much better I mean I really haven't seen gas prices go down even though strategic reserves were released and the president had said that so where do we go from here with these I wanted to take on this inflation that came out today going forward and there was some talking heads on Bloomberg news said that we're really not at the top of inflation it'll be around even going second quarter but anyhow let me get to that in a moment if you want to hold on so folks we've got a break coming up they may have the final segment and there's a bunch of things to talk about and oh I didn't finish sharpening 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Petersburg, Florida your investment can be anywhere from 100,000 to 500,000 you want to make 1000 per year a $7,000 invested or 7,000 per year on a secured 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 Hi folks so in this segment Sharkey this is what I'm going to say there's a bunch of things that I'm going to talk about and I'll tell you what I'm thinking and what I'm looking at just to cover your question so what we're looking at is within look if you look at wheat I just mentioned wheat wheat made an all-time high now it's pulling back soybeans is holding really well stuck at the 200p moving average at the lower end but it is starting to make higher highs and higher lows corn very important for the products that we eat right corn at the most important recovery highs in a rectangle formation going from the top to the bottom crude oil had a big big rally and all the way to 85 back in October slumps down to the 62-61 area nice trading is 7161 it looks like crude is trying to get back to say in a trading band but within a range and that range goes to about 76 77 with supported 67 so when I'm looking at all these different things I had a question in the Tiger Tiger TV about ASX ASX is an Australian company and energy ASE industrial holdings makes a high and now it's pulling back from a peak F which says that if we're pulling back if you look at the XLE which is called the comparable thing stuck in a range but none of them are breaking down or breaking out so I think we just got to get used to this inflation you think the market will get used to it it'll price in all these variants but at the same time I think you've got to be very selective and you're looking at we went through this yesterday if you're looking at the defensive stocks like a general Mills GIS trading almost at a high it's saying that there are things that are happening here that you've got to take into account for the next six to eight weeks and that has to include the inflation aspect I hope that helps you yep thank you very much you have a great weekend you too thank you very much for calling so folks stay tuned you've got a great presenter coming up great programming in the day I'll complete the news and then I'm out of here so please set the dial 42 SPs of 15 come back in one of the days you