 Welcome back folks down right now up for Nasdaq is flat S&P's are up to let's go to our ma'am It's the Basel Chapman is to do each and every Tuesday at 20 past the hour and don't forget folks Bowser's an outstanding show here every trading day 12 to 1 Eastern Standard Time also has a great newsletter the opening call The way you get the opening call come over to our website at TFNN You're gonna go right under featured content. You'll see the opening call right there. You just hit the opening call You're gonna hit subscribe you can get Basel's newsletter for one month for a hundred and twenty eight dollars You can get it for six for five ninety five, which is a savings of a hundred and seventy three dollars or twenty two and a half percent You can get it for a year for nine ninety five a savings of five hundred and forty one dollars or thirty five percent They all come with a thirty-day money back guarantee folks checking out right in the front page of TFNN Basel Chapman, what's going on? Hi Tom. How are you? I'm doing great and I'm telling you that that fifteen-year-old Beating Serena something else, huh? That was incredible. Yeah, well, it's wonderful to see new talent come along and especially at a young age like that because Yeah, it's just a new blood. It just it makes things fresh. It's terrific and only that I'm sure Serena appreciates she was once there and you just want to you want to be beaten by someone who's Really outstanding and up and coming and I think that that's a fact this particular case That's exactly it. It is in fact check this out folks. Okay that When Serena won her first title the girl was just born and this good that the the girl herself that the Williams sisters are her idols So it's even better. That's that's Serena I guess but the bottom line is that that's a but that's a great compliment, right? I mean, there's no doubt, you know, it certainly is and you know, it's very interesting playing on grass It's so different to every other medium because it's slippery. It's you're not quite sure how the ball is going to balance Yeah, so it's it's a real challenge and She's young still was certainly up to it. Wonderful. Gotta love it. So market-wise. What are we looking at here? So we're looking at the Dow I'm showing a chart and the one on the left is really the one that has the most interesting information Because the Dow right now is at twenty six thousand seven twenty nine So it's just less than two hundred points away from the previous high that was made at Twenty six thousand nine hundred and seven on the twenty first and I thought yesterday It was a chance that we would start this leg C So in the Chapman way methodology, we're always looking for from a buy signal We're always looking for a buy signal to be upgraded to a buy mode And that usually occurs in a very strong leg B or even a C And then the implication is that it should go to at least four higher peaks Well, we've gone to two which goes a peak a peak B. So peak means where we're at yesterday We almost made a miss by less than 20 points going to that leg C So I'm still looking at this and for subscribers. We went along the very morning of the low on Junus on the June the third and the lowest twenty four thousand seven hundred one and about twenty four thousand eight twenty We went long and we're still long and one of the things about this is that if you look at the technicals And I like to use the mag D the moving average convergence divergent sets this technical tool right here on the left And it's still very strong. It's flattening out But the green line, that's the faster moving average is not crossed Negatively under the red line the slow moving average. So this is good stochastic. It's not great It's a 70 percent. It was over 80 percent. In fact, it was at 90 percent So this is something that means that it's lagging. So to a certain extent I'm looking at this and I'm saying Technically we should get those extra points to start a leg C But then there's another technique that I'd like to look at which is what I call the chapter move inside track And what I do is in I draw a little mini up channel it could be within a larger up channel in this case is within a wedge formation and this up channel shows that there's This green dashed resistance line and then underneath it just a little bit under it I put another one that's red and it says that every time the price of whatever you're following goes into this What I call when it's a rising one. I call it a sell the zone. It means that that's where you expect prices to be Pull at least a bump into resistance. That's exactly what happened yesterday So I'm anticipating that they're going to be modest highs will go to that leg C above 26907 and then we'll probably get to a leg D and that's going to test the major high of 26695 and then there are a bunch of resistance levels So if the if the Dow actually snaps right through kiss of the 27,000 say 120 over the next two weeks That'll be very positive. That'll be a breakout. So I'm anticipating we're going to get to D We're gonna stay long as long as the technicals are strong will remain long And I'm anticipating that we're going to make a modest new highs And then you can see that we bring it over to the weekly because what happens is that the shorter term daily You start to look at the next time sequence and that time sequence now is the bigger one Which is the weekly chart and in this particular instance, you can see there's this this is resistance level It's getting to it But the mag D has cross positive and this accounts to get 83 percent. I love it a over 80 percent is good So that that is a positive and if you look at that monthly chart Yes, people are talking about these three three tops which in a sense looks a little bit like a head and shoulders but I can't I can't call this a head and shoulders when you've got gone from 10,000 from the 27,000 almost a 27,000 area down to 21,712 looks to me like we've really started a brand new monthly buy signal So that's where we are we're in vice by mode in the daily by mode in the weekly and a by mode in the in the monthly Charts and so far that's my stance I don't see any reason to change that but I would like in the monthly chart in July for the mag D Finally to cross positive which it hasn't done. Okay, so there is a little bit of a negative divergence But so far this looked quite good. Yeah, I'll tell you be watching Tiger TV and he looked at Basel's the charts there folks, okay? This this weekly in that monthly man If you break topside man, you know, what would you have their folks is that we've actually been going sideways for about a year and a half Consolidation correct. You can go if this thing is gonna go It's gonna be pretty intense man Well at the same it will I think it will be intense because it can't you know when you go to all-time highs you've opened up You don't know where the resistance is because you've never been there. Exactly at the same time You know, you do have the semiconductor index which We had been short on the way down took profits And I did not switch to the long side and it's gone from 120 down to 97 and now it's at a good rally from 97 to yesterday's I have a hundred fifteen ninety six that is not to be snow, you know, this is that's quite a good rally but I think that the semiconductors are still showing some kind of Rotational weakness are a couple of stocks that are strong. So it's going to be very dependent. I think on the high tech sector the tech sector itself and the semiconductors to ready It's been the key now for a long time to have the technical the tech sector Ready leading and the fang stocks and if you look at the fang stocks, they they still making they haven't made new highs this year So there are a lot of discrepancies and that's the reason why I think we've got modest highs Then I think we have a pullback not a deep pullback and that's where we see just exactly what's strong What's going to take us higher for the rest of the year and what what sectors are going to be weak? So so far still remaining strong just waiting to see whether we get a break out or we start to bump into a strong resistance and There you know you're talking about the yields There are a lot of things that are going on together. We've never seen before So I think that that offers quite an opportunity both on the long side and the short side right across the market in the different sectors And what we're gonna have to talk about next folks is that you're depending on how long you've been listening to us I'm Amis the Baszler Chapman was talking about the Japanese and of American bonds Japanization of American bond like 12 years ago, man. Oh, I actually 20 or more years. Yeah, interesting