 The following is a presentation of TFNN The power trading hour with your host David white Call now toll-free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent addition of the power trading hour We have a action packed and informative Special episode today. We're gonna be going through confluence numbers and What we're looking for in any kind of a bear market After it's been running for a while and everybody Has decided that they're looking for lower prices Generally you at least for a short term get higher prices So we're gonna go through those and look and see what your risk reward is But one of the best things that I've ever found is Confluence for finding Just how much heat you all have to take if you want to stay short now. Does that mean I'm right? No, but it does mean that generally It's one of the it's the best thing I've ever seen and it works over all kinds of markets and I've been using it for about 15 years So we're gonna show those today go through a pinch of those In the meantime, of course, we had what I'm gonna start talking about as a selling climax on Friday We haven't quite turned around. I think that's part of it. I did buy some calls Just lately here in the last 30 minutes that I foreshadowed earlier in the day with an update right after the open I was waiting for everything to kind of come back and In one of my other updates. I said that two o'clock was probably Yeah, you know in this time frame about when the fund Guys are gonna start waking up and start thinking about putting that money that they have to put to work Into the market and we're probably gonna see that a little bit now Volume was about the same on Friday as it was on a lot of other days At last time we came through there. We had about 18 billion shares We had about 12 and a half billion shares on Friday, which is pretty strong for a Friday Of course, this is going in to the Fed It's a two-day meeting Tuesday and Wednesday so, you know The the whole thing of James Wycoff was this buying climax or at least it's one of the ways that he call or described When everybody decides to sell it once and it pretty much exhaust itself doesn't mean it's going higher but generally it means that you pretty much close to Actually Finding a low some of the other things that make me think we have at least an interim low are how many Confluence stocks that I found over the weekend That we saw Most of the volume are a great deal more. Let me put it this way a great deal more volume in in retail traders than in The dark pools normally we're around 35 percent 35 36 percent dark pool Shares it on great occasion. I've seen 29 Percent which means that that six percent's being made up by retail traders Who are really kind of a drop in the bucket? So when you see that kind of really come in you know that the retail trader is Starting to throw the baby out with a bathwater normally Also, we saw that for the same volume. We saw a lot bigger dollar For almost the same three days Wednesday Thursday Friday volume we saw a great deal more Dollar volume in in the markets which suggests that we are now selling the generals the the big guys the The what do they call the the farks? What are they? Yeah, I forget right now Yeah All the standard the usual I call them the usual suspects But that's kind of it so does that mean a bear market's over now It just means that as I've said for the last few weeks Don't be a one-not one note Johnny. Don't be a one-trick horse The market's always going up About three-fourths of the time and going down about a fourth of the time What you saw on Friday was the fourth of the time Is a great deal more than generally on the up? But that doesn't mean that you don't have fairly decent Moves now the market without the Fed doing much of anything other than job-boning is actually done most of The job of taking off the froth of the market So there are there are some stocks out there that actually on a chart basis probably not Fundamentally and EPS and all that stuff Are actually looking fairly good So again, it's not a stock market. It's a market of stocks And there's going to be some that do well and some that just go to zero So you want to keep an eye on that but if you're down here testing lighter volumes And you've got some reason to think that Things could get better for those stocks the one I had has I think 20 days to cover last time I look maybe it was 15. It was a god-awful amount. So I'm it's kind of like being in a powder keg and Having a sparkler and one drop of the thing and it's going to go off and I'll probably make some money So I do like that setup again. I like options better than holding the equities here We have a market where we could see Putin drop a nuke or drop dead and That's where I really like options. You could have a fairly benign loss as I am or a Maybe a 500% winner on that option for Friday. So we're going to talk a great deal about We're going to talk a great deal today about confluence ranges and the reason why is you've got to know That especially if you just got decided to get all Jiggy with it and short on Friday That you're probably fairly late to the party And I talked to a great deal of many people last week. They said everybody they knew was Getting short and all I could see was everybody asking where to buy Today Not a lot of people asking where to buy But just how low we're going to go and that's generally the kind Of pessimism that makes at least short term lows in the market So we've got a lot of that going on. We'll do a little history when we come back Well, we do the history now get it out of the way and we'll just get into the charts and that later It is history and on this day in 2001 the u.s. Government removes selective availability from its global Positioning systems. That's gps if you live in loots the accuracy of a civilian gps This goes from about 100 meters, which is a little about 328 feet to about 28 meter or 20 meters about 65 feet in diameter and of course That's gotten even better and with multiple satellites You can look today at some levels of Thing with that about three feet Or it says We'll be back after this Are you grinding in the market? But seeing little to no return or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with david white's powerful trading newsletter David white is an accomplished trader whose deep understanding of technology and the markets Allows him to consistently find and share winning trades support and resistance Define the ranges in which stocks trade by understanding these trading ranges David white is able to find the path of least resistance David white's trading newsletter the path of least resistance is delivered daily Before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to david white's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30-day money back guarantee Take the path of least resistance at tfnn educating investors What's separating you from the most successful men and women on wall street? That's right Information having all the information gives us the perspective We need to place the right trades at the right time The task profile scanner is the premier market profile based scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks etf's commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades before they happen For a limited time you can save $100 off your first month by using the promo code upgrade And you still get a 30-day money back guarantee. So you have nothing to risk Level the playing field with the task profile scanner Which you can find under the services tab at tfnn.com sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com And tfnn's youtube channel with tiger tv live every market day from 8 30 a.m To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions Live from around the world from the moment the market opens until the closing bell sounds tiger tv Has eight different shows with expert hosts to help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 As we said at the beginning of the show, we're going to go through a lot of charts today Need to know where support is and where resistance is if we get a bounce out of here but Of course, I wrote the art of not the art. I the art of timing the trade charts. I did it to enforce a little bit of rigor into me picking out where these Fibonacci retracement levels are and in the interim figured out that why Fibonacci's work Okay They work at least four times better When you get two that match up together that is the six one eight of one to this three eight two of the other and I made it so it kind of did it automatically Which I was told was impossible And of course as soon as I did it the author of this method actually wrote it Got somebody to write one for him that way but You know it It I can find him It takes a long time and it takes a little while to go through them and figure out which ones are good or bad But if they're very close and when I mean close I'm talking about about a half a percent And maybe depending on how sloppy the market is one percent You're going to find out that you normally get very very good resistance and support So the first chart we're going to go to today Is a bevy. I think that's how it's pronounced a bbv And you're going to find that to right here at about 48 49 bucks You've got a nice little I think about three quarter of a percent Bar between the three eight two of one and the six one eight of other now. This is on the downside So if you see something like this, you want to know, okay And maybe I can start taking a look at it there And generally the thing you want to do is have a stop And that is any close below the bottom of that range in which case this is 146 46 on the day What is it trading out now 145 84? So you get any kind a little bit of bounce before the end of the day A Back above that or wait until it closes back above it in the day or two If you don't do much in the way, maybe just a few pennies below it But you get a close back above it. That's generally pretty good. And of course The first target is a confluence on the way up Or in this case, you've got a big gap down That gap down starts at 156 so You know, you're gonna are you gonna retire on that trade? No, but it does give you a good idea of where you are In the market. Let's take a look at some other ones out here Um, a lot of times you'll have multiple Close ones. I generally go for the ones that are Significantly closer than others and this one a little ambiguous, but uh avat labs Uh down to 110 61 today Would set up is that right? Yeah, would set up 119 to 118 As I said, that's a little less than 1 percent. You even have one at a half percent at about 123 And of course a lot of these are in the biotech sector That has been creamed Incredibly, but if you've been a lot short this thing and you're thinking hey, it goes lower Um, these are the first levels where you're probably gonna find resistance and the next leg down but In a short term a lot of times you'll have a one day bounce or two day bounce right up to these levels Okay, what else do we have out here aluminum of china? I know somebody that's a big indeluminum keeps telling me This one's very interesting out here It may take another couple of days to get this one to sort itself out But you have two really good very thin areas at uh 13 89 and was at 15 75 So you can look at two of those now you have multiple gaps Uh, your first target's almost always the top of that gap Which would be just under 13 bucks on this one Um, you also have a a gap down that would act as resistance back here at about What is that? The high of the day about 14 bucks So that sets you up if we do get anything but Not back through its lows and certainly light volume today Not a big volume stock to begin with some of the other stocks that do have big volume Are things like Boeing And if you're thinking that it's the end of the world for Boeing That's great Uh, just be advised that after this long abc on the way down That's pretty much completed itself Where would your first uh opportunity to be to reshort it or play it for a bounce? You got 143 38 this morning at eight million shares It could easily bounce and not be out of a bear market I didn't bring that up, but all these could bounce to these levels and still not Bust a bearish case on the overall market and or maybe even on the overall stock So these are just bounces in a downtrend But generally these things when they're that good they go there Now this one has a double gap at about 165 So that would be your first target. Maybe it meanders around there for a while 176 Is the next one and if we're still bearish when we get there, that's where your next abc probably would start Let's take a look at some Other stocks like applied materials, which has a very good one this uh testing the previous low with What about Hey, you had about nine and a half million shares Into that little hammer candle on april 27th Today you're into that with about half that volume so In a downtrend Applied materials in a bear market could still go to 130 77 and again see how very thin these are Also, you don't want to use these on minute charts or anything like that I use them on Dailies and generally I want a couple of months if not three to five months for these to set up Over a long term and they give you a much better screen Uh, can I look at iyt? What do you want on iyt? Uh, let me know I'm not exactly sure what we're looking at there You just have a giant trading range out here with more volume today But uh, not the blowout you had on the way down Yeah Just a big messy trading range on that one Okay auto zone Of course, we've talked about how these are pretty good Um, again, you would have known these numbers right off the top. You wouldn't add the guess on them You would have known but guess what auto zone right back into its confluence range. That's uh, what 1953 to 1923 Uh, and it's pretty much stopped right there. You got a little hammer candle out here And of course, uh, as prices go up people are going to be driving the cars longer The auto parts business, uh, probably going to be pretty good in the next few years Uh, but uh, there you are if you are thinking that you missed out on auto zone um You've got the Pretty good risk reward here again anything closing below the bottom side Of that price change by confidence means that you want to get out so Wait be patient very very good risk reward very narrow stops back in a 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 metals 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 published the gold report with coverage of gold silver bonds the xiu 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 has just launched their new trading room the tiger zen hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members Exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action All trading day even at night and on the weekends the tiger's den 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 bryan and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any 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 abc's butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 As we come back Had a couple from the den here. You can of course also email me if I see anything during the breaks I'll bring up your stock on this but I want to try to get as many of these through If you're need a little bit more you can buy tom's book He does and did go through confluence levels In it. So if you're looking for a tutorial, but I think examples are the best and of course you can always go to youtube and Stop these and go back and look at them. But we're just talking about Fibonacci retracements the 382 of one to the six one eight of the other and when they come in that close Yeah, looking for these is pretty tough if you don't have some kind of automated system At the same time I tend to love These patterns that are rare as we talked about for almost 10 days We were looking for those double repo patterns to sign a setup and then the giant flush which we did get You don't always get the confirmation on the double repos But we did and we got the expected results when you did get it a question about hershey And how low it can go again We're probably going to have in this lows some sector rotation Everybody runs to the safety stocks on the way down or right before the way down And then you get the big flush and then everybody he decides to change or look for faster horses again Hershey got to 231 Ideally 207 80 is where you'd want to rebuy it If you're you're looking for this now, they're probably going to be some consolidation moving back and forth But doesn't look that bad to to k One that I did I did a bunch of examples for my subscribers this morning and Bungie has kind of a bigger one and this is where I'm going to say Uh that you the tighter Uh that they are the better off you are But generally You know a couple bucks on a hundred dollar stock is not bad I just like them the tighter they are the better that they hold And uh Bungie here, uh, you get a kind of an abc up It's pulled back. You're right back at that So if you wanted to be long this thing and you think maybe the market's ready to turn around here Shortly Uh, then you want to be watching that now. Maybe you're looking for A sign to buy in the market that uh, we get some kind of rejection today in the s&p We close back above 4100 or something like that Or volume just falls out But uh, you're pretty much there Um And not bad because you end up taking Well 111 You're gonna close below that and you know you're wrong Um Now generally in a market like this you may even go below it and then the next close above it But uh, if these stocks were doing well before the last few days Uh, probably a lot of people are going to come back to these fairly quickly Uh to to do what else do we have out here? Uh, it's okay Uh Does amd look good? Uh Well, I I'll let you make that decision Uh, but uh, here is what you could get Uh in a in a medium term bounce on advanced micro devices And again very very nice setup out here that takes you from about 114 75 Uh to 114 26 So you've got two gaps that you have to get through Uh to get back up to that level and then you've got a gap right at about 118 That's probably going to be fairly significant resistance Even if you didn't look at the confluence levels, but when you have those confluence levels, they do set up fairly nicely Uh, let's uh make it a little cleaner here Uh, so there you've got it. Anyway 114 26 So I know everybody wants to think that the end of the world is nigh But generally markets don't go straight up or straight down And my guess is that they've got uh The market in a position where the Fed is going to have to actually blink Come Wednesday or be a little more dovish So I think we're probably fairly close there. But anyway, um, not a bad trade out here In the high 80s to 114 It's done it before and that could just be part of an abc on the way down So again, so when you can not when you have to in these when we're talking about them Okay Yeah, well bg's pretty much there and if you're into mining Uh, that's kind of it. Uh, one of the more interesting ones out here, uh for me was uh Corn because everybody's seeing it. We want to Think about just, you know, you've had a tremendous run Uh, you've had what is A minor i'm going to say a minor double repo pattern And that is 10 to 15 days above a couple days below a couple days above and then the next closed below So you pretty much got that now Um, so could you see a pullback all the way to 26? Well, that's where uh, the buy of the summer Would be uh in the corn etf Out here. Now, maybe you don't get to that But uh, you got kind of a resistance level around the mid 27s So it'd have to bust through that but the buy of the century Uh, would be somewhere around. What is that 25 91 to 25 92 The one penny Out there or 2601. What is that 25? Okay, so you're pretty good there But uh, you already know that Now if you're chasing these all the way up, that's something else But if you're looking for some kind of long term Change, um, that's it now. We also have Some of the bond funds or a lot of the bond funds That were in here. Now. I just can't remember which ones were in there But, um, maybe I'll think of them before I look at them during the break But there were a bunch of them up there Um, maybe it was the TLT I don't remember. Yeah, it was a TLT Uh, even this Uh, sets up where you would want to go short again Or if the fed decides to uh fold like a five dollar suitcase as it has in the past Where's your risk? 120603 120670 That's it and that's pretty good Uh, these take a while to develop Again, uh, when you try to use these in inter-day Uh charts, I've never seen them work that well. These work on 30, 60, 90 180 day kind of things and you've got The setup here that shows Exactly where you're going to find support and resistance. You've got a couple of gaps too Generally, if I was going long on anything like this, I'd probably take my money at the gap Because they generally just by the time these things Cue their way through the last couple of bucks You just you're waiting for the next few dollars And taking a fairly big risk that something else doesn't happen again. Like I said Uh, this is a market where Putin could drop dead Someone could kill him on the operating table if he's actually in fact getting an operation Uh, or he could drop a nuke Um option is probably a pretty good way of playing this market at the moment and uh Do sink your wrist when we come back. We got a lot to look at. I've got I don't know. I had about 400 of them Yesterday, which is one of the uh highest beating driver I had on so so Do I have a really great, uh low in here at the moment? No But uh, I think it's kind of be kind of messy But looking for a bounce are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com today and investors 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 eight six six four seven six seven five two three 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 LC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Well, what are we down? Uh, I'm down 58 points on the spcash Uh, uh dows down 443 nasdaq's down 102 Uh rustles 2000 and no i got a question if i'm buying The index is no i'm not i'm buying individual stocks because they didn't generally are the first ones Uh to get a bounce and you'll have a lot of people selling into any bounce in the indexes themselves Uh, so I look for either sectors And or individual stocks Uh to get anything. Uh, okay, so we've got the What else do we have out here in my list of stuff? Uh We looked at her she's a loom and I think was another one that caught my eye Um, this one about the same kind of volume on the lows Um We'll see what's out here, but if you can close back above the nine, uh, or the three by three or nine day moving average in the next couple of days 344 to 341 Is where you come we'll take a bigger look at that Uh, if the fed totally folds You've got 376 To 381, but uh, I like that Generally, I go with the tighter one over time But you've seen the next two levels higher on this But 341 is what you could expect and more you would if you think this is just a dead cat bounce setting up That's where you're starting to look for your short positions Uh, to do what else is there? Um, of course in uh, we'll tech jp morgan To we'll take a look at that. Come on Okay, even some of these big banks out here in fact I found a lot of banks that look like they were getting fairly close Uh, you're down to a gap on the downside Uh, but on jp morgan 134 to 133 61 And again, these just you can see how these things tear up Um, and sometimes these ranges are wider Uh, than you would like and generally what happens on those wider ones is when you get up there It just gets real messy Uh, when you have these ones that are very tight with a penny They generally just go right up there down and within a day That's where you found your high or your low or your support or your resistance Um, these big wider ones as I'm putting my mouse over it tend to be like I said kind of mushy So you don't get real clear stuff the ones that are fine like that This seemed I'm going to say about 80 of the time, uh, to be very good Positions to take on the opposite side If you're in a up or down market, uh, we've got a question to look at micron Uh, we'll look at that. Uh, and again these semis Of, uh, had some fairly nice bounces off the top on this one. Um, you've got about 80 78 excuse me 78 31 78 46 Where the next real resistance level would be on any bounce I do like this one mostly because You've got the october 12th low 65 dollars 60 cents with 37 million shares Only about 17 million shares out here. You had the first day bounce now you're starting to pull back but You know you have a stop below 65 86 Or 65 60 um, so one of the few times you could buy micron And actually have some fairly decent risk reward I do like some other things the light volume at the low Which is again, there's a lot of stocks out here that make me think we're probably going to get at least some kind of bounce um The power law vector indicator number on my micron on uh, micron was 14 on the down leg from february 15th Uh to march 15th now then started the next leg down march 30th at the high into this low out here that, uh went from 14 to about 10 So We've got this energy leg down here that came down We also have the second thing out here telling us that the volume is about half the resistance You've had a little bit of a bounce. We're a little bit lower in the market Uh micron is not and you know that, uh 78 46 78 31 uh is um You know the first bounce, uh, which could be fairly wicked Uh, but after that these markets will probably be a lot more nasty to trade But generally right off these lows off these big Fibonacci Confluence levels everything's a little bit better Qualcomm did one of the better moves out here For earnings in a bad market in a bad neighborhood Even on nxp along in that same neighborhood You have the opportunity for 193 193 23 to 193 85 Now that may take a little bit longer. You have a little bit more of a Of a range out here at 182 74 Um, but uh, not bad setting up in a few of these different sectors Again, are you going to get rich on this? No If options are cheap That's the way I'd go At least you have a lot better opportunity to limit your risk And get a lot more back in the reward Uh, okay, what else do we have out here? Okay, eight seven seven nine two seven six eight four eight If you have any questions on this we'll go to some other stuff out here uh packaging Company of america on royal gold Okay, uh question on royal gold. Yes, you do have a nice one out here Let's go ahead and get it out, but it's a little bit lower Uh, so if you're looking for a low uh to buy out here in confluence Uh, you want to look at this level of 127 23 to 126 So you got to 127 54 today got a little bit of a hammer candle out here um Is it uh going right back up to the top? Looks kind of horrible, but again, uh the fed folds uh gold could run But again, uh, you're probably not going to find a better place to buy At least royal gold against uh support than you are here 126 22 is the low So you got about one buck a close underneath that would say yet As putin would say yet yet But uh, I don't know Um, you may have another day out here. You don't have any real sign of anything else, but uh Again, if you want to get in there, I don't know what options look like on it But uh, this is certainly a week to consider options 877 927 6648 if you call right now you can get in before the close Um, and we'll keep an eye out here on the market To but yeah to me a lot of stocks retesting, uh, their lows from friday Um, a lot of the bigger stocks still under pressure Um, like amazon So we got a little bit of that Generally when they're throwing the baby out with the bath water, uh, the old saying Uh buy on the uh canon sell Certainly have Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by 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 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 published a 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 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 Catch tom o'brien professional trader and educator founder of tfnn also a special guest on cnbc Tom will bisect and dissect the markets the tom o'brien show next on tfnn Out here there's a lot of stocks especially these banking stocks Look like they could uh have a little bit. You had a lot of volume on friday not much today But even a dead cat bounce uh on bank of the ozarks ozk Take you to 42 61 from was that 38 10? From friday's low out there. It's not too bad Uh, what's uh, what else do we have out here in my list? syna This one's got a really nice one synaptics um Dead cat bounced on this one in confluence takes you to 203 from 143 Now you have a gap at uh, right about 180 so Again, I like it when these uh better when they don't have gaps. They do send to work a little bit. This one's not Monster it's got a lot of volume on that day uh, but uh, could you see? uh a bounce in the market that takes us back into uh The end of this month into the three-day weekend As I said, uh going in two weeks three weeks four weeks ago We were talking all about having a huge downturn in this market the first week of may it may have come a little early I think At least that's what i'm speculating now and maybe we just kind of Dribble up on uh in the broad markets, uh, maybe into the uh Uh the three-day weekend the end of this and then see Mr. Bear return Uh for his summer Uh and announcing that he uh, he may have taken a small slumber Uh, but there was no hibernation Uh and gone for six months Uh, he was uh, just uh, just remember Uh in bear markets Um, you get a lot of up movements They tend to be slow and plotting if you're not in the right stocks In the indexes they uh wear your uh patients out I know I saw a buffet uh bloviating this weekend occasionally does say something that's worth it The stock market's a great place to uh take money from the patient to the m patient But I think we've got a while to go Next big down if bear continues to be time i'm going to start playing the bounces So when you can not when you have to cover when you can not when you have to we'll see you tomorrow Building wealth trading in the stock market seems impossible to most people