 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. Good morning everyone, Basil Chapman here on this Thursday the 5th of October. We're looking at the Dow. Oops, I've got Crudel up here. Crudel is down 77 cents at 83-43, just a smash to the downside. These commodities, if you're looking at wheat, if you're looking at wheat, it's just plummeted from the high that was made in 2022 up in the 1400 area down to 565 in the continuous, look at the soybeans. So all these commodities were soaring, of course, two years ago then last year they started to top out for some of them. Soybeans down sharply, although the monthly is still looking pretty good, looking at the, look at this, looking at corn in that rectangle in the monthly, but the weeklies already turned down very sharply from the 630s down to the 487 level. Look at this flat market, basically in a rectangle formation here at the bottom, the daily chart. Look at soybean, this is part of the contracts, oh it didn't do corn. Soybean had a fantastic, sorry sugar, had a fantastic move up, so holding pretty well and it's corn that I wanted to look at. Yeah, corn's the one that was flat holding steady. And if you're looking at high-grade copper, look high-grade copper, making lower lows, taking out the left side low of April or May, down at the 357 level, down 0.01. If you're looking at heating oil, hey, maybe we can have another good winter here in the Boston area. We're not going to have that horrible snow, snow, snow, because some people love snow. I like to see snow, but I don't like to shovel snow. Anyway, we're looking at here is 2.92 and the heating oil down very sharply. Look at gold, gold is struggling down 4 at 1831. Look at silver, so maybe the commodities are telling us something that the Fed is looking at. And I will be back in the second with, oh I've got right now, I've got a caller, we've got, we have a caller, we've got, is that right, John in Fully? John. Good morning, Basil. Thank you for taking the call, sir. My pleasure, John. What can I help you with? First, tell me, are we running up against a bumper, a time constraint right here? No, fire away. You mean you and me? Yes, very good. Basil, I wanted to ask if you would share with me your technical analysis of the gold futures contract. I think there's, well, I bought gold this morning right close to that low at 830. It wouldn't surprise me if that low is a bottom of some sorts. So that's my view. That's what I'm doing with it. Of course, if that's not a bottom, I will be out and I always, first and foremost, as we all do here is keep our losses under control. But with that said, please show me your technical work and tell me what conclusions you come to, please. So there are a couple of things that are going on. Let me just, first of all, say through the relationship, I've been talking about this, I know you'll remember that I've been talking about this for about a year and saying that my five icons have completely different meanings to what they used to always have. In other words, they used to be a relationship that if the dollar was strong, crude oil would be very weak and the dollar and the gold would be very weak. If the VIX was very high, the market, especially if the VIX was getting up into the higher level, in this case up into the 20s, we shouldn't see massive moves to the downside in the market. If bonds are going up and yields are coming down, very often that helps the stock market because lower yields adds to the velocity and turnover of the funding for businesses because the rates are low. So all of that's had completely different meanings and the one thing that we've been looking at for some time is that I've been looking at the gold and saying, considering what the dollar has done, gold has acted very well, but there will be a point and I used the 200 period exponential moving average in the weekly chart. This is the orange line in the middle chart, daily on the left, in the middle is the weekly and we're looking at the bigger picture now because I think, John, what you're looking at is where would there be a turn in gold that isn't just a momentary turn, but it's really, we're now talking weeks rather than days. Am I correct? So there's a pattern that I look at. I call it the propeller shaft. I used to do this when I used to hand chart. I found that this worked out well. Think of it in the way that most of our hosts talk about the the lightning bolt pattern, where the level of a price going from one high to a low called A to B and then a rally starts a C to D move down in the same proportion. I have the same technique. I've used it for years, but I use it as a pattern. I'm not going to go into it now, but I call the falling axe or the propeller shaft. And what I like to do is to go to the outer limit of this rectangle and do a measured move. And you can see we've gone almost to the penny to the downside in the weekly chart with these thick blue lines. If I use this fulcrum, this rectangle here, as the midpoint for what I call the propeller shaft move. That's just one technique. But mostly what I look at is, look at the weekly nine period moving average and I'll do this. I'll go to my chart right now. That is the chart that I use on a weekly basis to show the and I'll go to this is continuous contract. If you don't mind, I like to use the continuous contract because that takes me I can go as far back as I want. And the others give me a limited time. If I look at it, say the December futures. So in this particular instance, you'll see the price here. First of all, it's way below the left side low. It's even below every single trough except the trough right here. That's the week of the October the 28th where the continuous contract was at 1747. But you see the way the nine period moving average is so sharply lower and they're in parallel motion. So that says to me, I don't have any signal yet in the nine 14 period moving averages that are negative. That even says it's going to get close from 1916 where the pink nine period moving averages to 1935 where the black one is for the price. The price will have to move. I would say the price would have to move up into the 1973 or even higher area for that pink to turn green. So that's number one. But most importantly, what I'm looking at here, and that's the weekly chart, I'm looking at the MACD, which is the histogram starting to expand again. I'm looking at the stochastic, which is actually a little bit above where it was when it was in the just at about 10%. Now it's at 17%, a little bit higher. So in a way, that's a little bit of a positive divergence. But you can see the distance in the children's period moving average that we've pulled back says that the weekly chart is I cannot look at the weekly chart in terms of positivity at this particular point, because the tide is still going down. And it'll mean that the daily chart is the one that has to give me the impetus and the turnaround. But now look at the daily chart, you see the stochastic flat at 1.9% that's the equivalent of if the stochastic was at 98.90. That's where we are. And I always say if the stochastic is up in the 90 or especially the mid 90s or higher, that's fabulous if it's if it's holding steady. Now, John, I know you like to listen off air. Should I continue and you will listen off air? Yes, thank you. Thank you very much, Basil. I will do just that. I'll be back in a moment, folks. If you're looking for potential trading setups in the stock market, then rocket equities and options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. 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 in 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 Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. 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To be able to listen online and to be doing all his work, John writes voluminous notes on all the trades that he has is a fantastic asset here in the den. A lot of people that really respect him and others do the same sort of thing, and he has copious notes and just explaining exactly what he's doing. So now let me just do this. You see this move down? You've got one, two, three, four, five, six, seven, eight, nine. Nine big red candles, or most of them are big, not all that. So I always like to say the gold contract has no idea. It's not looking back and saying, oh, I've got nine red candles. It has no idea. We can see it. So we mustn't be influenced by this visual that says this is a waterfall cascade from the way the 200 people really acted as a repellent, especially the one, the last one, which was in September the 20th at 1968.9, and now look where we are at 1833. So the chart has no idea. It's just the chart. We have to try to interpret it. Now I just did the measured move here on the weekly chart. I've done measured moves on many of the indices. They've already taken out those lows. To me, once it's done, it is done. This one is still active. So that just says in this proportionality, based on my chapter, we've inverted following X pattern and the rectangle, this is the fulcrum, the midpoint, the pivot point. We've already extended to the downside. The speed with which we've gone down is a little bit longer. Now I like to do this. This particular pattern has a one-to-one, I call it the Chapman wave parallel, one-to-one extension. Why? I like to see the number of bars down or up if it was up to match in the same angle. This extended out and then it fell. And that tells me that there was a modicum of strength and then what happened was the decision here was, no, I don't have enough strength. I have to fail and it just took it out right away, the 200-period moving average, just wish right through. That means that this whole area here in the weekly chart of, I'm spending just a moment on this longer than I would normally because a lot of people have emailed me, so what about gold and gold stuff, etc. 1902 is the big resistance. Wow, that's almost 60 points away. You can do that in a second. What would it take? Let me just look at the counterpoint because in this particular instance, we do have a counterpoint, but what do we have? We have this really strong dollar with the nine-period moving average way above the 14. The price is just barely over the nine, but it's there. And to get the nine to go pink underneath I probably have to say red. People don't like the wood pink when it comes to technical analysis. It doesn't matter. Pink. To go pink, you probably have to see it way underneath this low right here and this low was the low of five sessions ago in the dollar of $105.66 on the dollar index, $105.66. Probably you'd have to be deep into the 105.20s. And even then, I don't think it will turn pink. It'll just be getting closer. And the weekly chart is still strong. And I'd said months ago, I want to see a rally that takes this big rectangle in the weekly chart, the UUP, which is what we have. We're still long, the dollar bull fund. I want to see two out of three weeks where we close above 155.88. Last week, we closed at 106.16. We've still got a number of hours to go until tomorrow at four o'clock. And that says if it closes over 105.88 for the second week in a row, what I've done then is I've made this a legitimate B. And there should be a pullback. And at the stochastic at 95%, I really should be putting an up arrow. I have to wait until Friday's closed. If I get an up arrow in the dollar to say the dollar's going even higher, that's not good news for gold. So I needed to put that perspective because in this particular case, you can see from the chart, look at this chart of the dollar, I'm going to go to the gold contract, completely different. It is a very weak contract. The dollar is good. It isn't a very strong contract in the weekly chart. It's good. And that's what I'm saying. I've said for quite some time, try to treat each one of those icons separately, like the VIX index. Look, the VIX index is down today. It's up to a 32 cents at 18.90. And the down's only down 40. S&P's only down 18. So we're not working in the same manner that we had done before. So this is what I'm going to say. I also need to do silver. I know you asked about gold. You cannot do gold without silver. Now, look at this. One to one to the downside. This is even a greater extension. I believe I'm going to do that right now. I want to do this all in this particular segment. So let me just do this now. And I'll make this nice and think. I really don't like it. There was a one to one in the falling for X formation to the upside. It failed to take out the top and made a peak D. Chapter 8 peak D says, you've got to be careful. That's where other things can happen. So let me do this. Yeah, make this nice and wide. So I could have made this just a couple of years. The chapter 8 falling X formation on the upside, an inverted one. Therefore, we can go to the down. I usually change colors, but I'm not learned just visually when I'm looking at YouTube, Tiger YouTube. This is really clear. And we've gone beyond. So I always say, okay, for me, this is done. I don't even need that. It's just a waste of ink. That's a joke, of course. Oh, I took out the wrong line. No, it doesn't matter. There it is. And that just says silver's gone even lower. And it's right at your look at the low that was made back in the week of the 10th of March of 2023 at 20.69. And here we are with the low yesterday of 20 point, I think it was just above 20.85. So we're just about to test this left side low. So that means silver, you see the on balance volume. That's the one indicated that since it's overboard because it's made this little M, this little W formation, whereas the gold on balance volume is straight down. So we are at a point where I'm saying my on balance volume is ready for at any point, any little bit spark of good news, ready for a bounce. At this point, I'm just saying bounce, but here's the issue. You see the stochastic flat at 1.99%. When you say how low can the guy doesn't go much lower than it never goes to zero. It never goes to zero on the upside or zero. I've seen it really close. I've seen 99.98. I copied it and I put it. I took the chart and I put it somewhere. I don't have it in my office that I can see right now. I wanted to keep it because that's happened so rarely ever. So this is what I'm looking at here. If I look at the gold contract, I'm going to say for the inflection that you need for the day, because the is a relationship, but it's not a one-to-one mirror image. It's just the trend of gold going down is in the opposite of the dollar going up. That's all I can say. So if the dollar at 106.54 at any time today starts, I'd say this yesterday, we'll do it again today. If it starts, if the dollar goes 106. I'd even say not too far away. If it goes under 106.25, if gold cannot rally and move four to five points higher, it's just stuck. And that's what we need. But on the very short term, we're close to about, I just don't see anything more meaningful than that at this particular time. I could have said that in just one sentence. Thank you. I'll be back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the Euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted Forex strategies and fundamentals. What is behind the Tiger Forex report for all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com, TFNN educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars, absolutely free. At TFNN, all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days risk free today. TFNN educating investors. 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 4.00 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. Hi, so John, I just want to before I wrap this up with the gold. What I want you to say is the low that you spend, I think that's what you meant that that sharp low at 8.30 and about 8.30 where it plunged down to the 1826 level of continuous contract. I'm not going to change the futures right now. I'll make it real simple because when the dollar, it's going to have a breather, there's no question about it. So I didn't do the EUR, EUR USD at the same time, but I'll do that now so I didn't want to do it here. Well, first of all, in the 10-minute chart, I'm just going to tell you that the joint period moving average of 1837 at any point today, if there is a close for three out of four 10-minute bars, consecutive bars, then watch the dollar because if the dollar is the same, oh, I keep typing on to the chart, now I must type on to the little rectangle there. Okay, if the dollar and the only way you're going to be in the position is I wouldn't be surprised if this is one of those cases where it's an overnight thing that if you are in the position, this is what we've tried to do now for a somewhat aggressive small position in one of the indices on the long side. If the dollar, which is at 106.59 right now, which has been repelled for the 200-period moving average starts to trade down towards the 1630 level, then you're in a really good position because if anything happens tomorrow with jobs or whatever reported is at 830 and the response is that gold strengthens the speed, meaning if you haven't been taken out, in other words, if the stop hasn't been hit, means you're in position and that's what I'm trying to do because I'll explain why. I'm preparing based on this chart right here, let me just show you what I'm looking at, based on this particular chart, I did discuss it yesterday, I want to do it in more detail today. The low in the Dow that was made in May at 32,586, that's where we went along again, we added to the long that was from March of 2020, this is also trading positions, etc., and then the short that we got the exact top, the exact day of the hire of the 1st of August at 35,679, my looking at this with the exact bar symmetry says that there's a chance, I don't know what it'll be, but there's a chance that we are so close, we went to 32, 32 yesterday was 32,873, it's only 300 points, less than 300 points away from that May low, and I've got an X mark here to say the exact bar symmetry takes me to what day, the 6th, when 6th is the, tomorrow, tomorrow to test this area could be within a couple of days, it doesn't matter, the chart doesn't know that I've drawn in, chapter we've inside wedge, red, dash red, target support line, or the symmetry, this bar symmetry from the high of August the 1st, it doesn't know that, I'm just saying, so I'm preparing because within those couple of hundred points, we might still be able to hold a position I don't know yet, we'll see, so that's, so the reason why I'm mentioning this is because we didn't get it today, the day is young, anything can happen, we didn't get it, I did get a chapter wave hydrogen reading yesterday which said that the S&P should move up 12 to 15 points, which it already did in today, but I'm saying that these could be the triggers, so I would be in preparation of, now the GDX is not quite made it, it's like a few cents off the low in the GDX, gold miners was 25, 62 yesterday, and this particular one to one, and it's not 100% exact, let me get it 100%, exactly right there, comes in at 25, 78, all right, so we've done it, 25, 62 within pennies away, of that we went just under it actually, so that has got the one to one, but we've seen this before and it didn't work, and the weekly chart is the one I'm looking at, so the GDX is saying it's attempting at 6% in the stochastic, the unbalanced one is desperately trying to rally, do at least have a balance, and I would only treat it as a balance, so let me go back to this one more time to say EURUSD, you can see this is a horrible chart, but there is an attempt to turn around right here, this is the euro-dollar currency pair, but you've taken out the left side low, we'll see on a weekly basis by Friday's close, if it goes under 1.051, the low yesterday was 1.044, and it's already gone under it, let's see if it closes above it, but it's got that Pd and it's pulling back, so there are a lot of things that says a balance, but the strength of the dollar is really key, and I'm going to take a little extra time there, because you can see that the chess board is saying there are a lot of moving parts, to get those moving parts to get back into sync and the other side, this is what you'll need, so I'm going to do this, so let me go back to the questions that I had in order that I had them, so give me a second here to get this back here, so that's what I was saying, preparing for a rally in gold, if everything works out tomorrow morning, it didn't work out today so far, that's one way to do it, but a really good turnaround for weeks, I just don't see it right now without a retest, and this market is kind of vulnerable right now, I'm just taking a moment here because I'm trying to find where on earth there it is, okay, so let me go through the question, Google was a question, I'm going to not GOOGL, I'm going to the one I was following, I've never had Google, I don't know why, because so it is an incredible company, but Google's been pulling back from the high, it had that gap, it's full the gap, it hit 140 just recently, 152 was the high in February of 2022, plummets down to the I think it was just over 80, and now it's at 134, I like the action in the weekly, it's telling me that it's holding very steady, so the question is where could I add to it, I would rather add to Google, if we get a turnaround that says by Tuesday, the Dow, it's not in the Dow, I'm just using this as a kind of an influencer, is about 32,330, I'd say you can add to Google, if the S&P, which is at 42, the S&P right now, SPX, you have to have the market turning up, the S&P has to be about 4290, that's quite a way to go from here, and then I think we've got at least a decent counter trend rally coming up, and those are the things I'm needing, so Google hold off, next question was Boeing, now here's a big thing, this is an interesting thing, you see this on the way down, I haven't had many of these that I've used as a BA worm, I'm just putting worm, because this is the pattern that we see on the upside sometimes, and you never know when to get in, and every time you look back you say I could have just bought anywhere, like you could have just shorted from 230, you could have shorted every single day, and everyone just look, I haven't got a single, I've got one little peak A right there, a tiny little A and it was an A- because the next day it took it out, another A failed, another A failed, so now at 7.89%, I have to look at PPA, PPA is the, PPA is the, this is the Invesco Aerospace Defense Portfolio, look a peak E with a silent doji the next month in the monthly chart, weekly major peak D in a cell mode, and the data is way below the 200-period moving average, I'd be very hesitant, I'd rather be looking at an option, I don't believe the passion I had, it does anything with options, I'd hold on, if the market turns around, and as I say, same thing with what I'd said to you with Google, if the Dow is up 300 or 400 points by Tuesday, I'd be looking at growing as a Bell. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN, educating investors. This program is brought to you by Vista Gold, traded on the NYSE American NTSX under the symbol VGZ. I spoke about this for some time and it might have sounded... I know some people said, what does all that mean? I've been talking about my 914s and I said, the daily charts have all given me sell modes, but I haven't got anything yet in the weekly charts. Either we're going to have a slow drip to the downside and every rally just... If you can't rally, that energy just gets usurped and then what happens is you go back to the trend you're in, which is in this case the downtrend. We've got another one-and-a-half sessions to go for Friday's close, but I've got the nine-period moving average negative in the weekly of the Dow. I've got the S&P nine-period moving average finally weak and we've still got another day to go. Why is that not coming up? SPX.x. Oh, put a comma. It doesn't usually work with, oh, now I've messed it up. No, no, no, no, please don't do that. Format. What did I do? SPX. Clubs. Oh, no. I've done something. So let's just do this. Format versus to that point. Oh, there it is. Okay. Format. Let's just give me a second. I'm just... Oh, don't do this. Okay, got it. Okay. Is that a dollar? Yes. Dollar SPX.x. Close. Close. Close. Close. There it is. Oh, now I have to get rid of this. Delete. Remove. And remove. Okay, back. So what we're looking at is in the S&P, the weekly chart, the week's still young. You've got a whole day and a half to go. But so far, look, S. But wait a minute, the QQQ, nothing. Not yet. It's closed, but it hasn't done it. So that's the reason why I've gone from one time frame. Normally what we get is just a smash to the downside and the weekly charts go with it. But the weekly charts have held very well. That's the reason why I'm looking at this and I'm saying something is wrong and something is wrong. Let me just show you a couple of questions. Let me just do this real quickly. FXI, this is the China large cap. And we're looking at FXI at 25.50 down 4 cents. That weekly chart is just arched over. It's right on a 38.2 percent for retracement. It's not looking bad. It's just not looking good. Junk, JNK. This is the junk bonds. How about that? Is that ugly or is that ugly or is that ugly? Wow, that is not very good. Let me just move this down. It's irritating me that I don't get it in the same proportion that should be there. Okay. So look at this junk took out its left side. It's now gone below even the low of 2022, December. And now it's going to the low of November, the week of the 11th of 2022. This is the junk bonds. You can't treat this lightly. This is different to anything we've seen before. Normally when the markets have moved over the 20 or 30 years, when the Dow and the general market is tanked, bonds have held. If you've got a balanced portfolio, you just looked and said, what's everybody worried about? My overall, not when you have bonds as well. Just in the last two weeks, you've gone from the TLTs gone from about 94 to 84. It's an 85, 74 right now. This is, we've not seen stuff like this with the speed. And that's the reason. So now what we're looking at is there's a chance and normally in a market that's had a big run and goals had a big run, when the market pulls back, money gets at the very end money comes out of gold because people use that, the profits there to kind of use it as cash. And what we've seen here is that gold actually started kind of led the way down. Look, it started, it's moved back in April and some of these indices only just recently made their highs. So there is something a little different here and you've got to respect that. So any rounding that comes, it's going to be from a very over, like an elastic band, it's going to happen very quickly. Maybe you won't even have a chance by the time it opens with the diamonds opening up, capping up two points and then moving up another. So it's going to be unique to prepare for it, but you need to have stops because look at this, things can go down and down down. Next question I had was EEM, which is the foreign markets. This is the emerging market ETF. Look, took out the left side, low, it's done almost a one-to-one to the downside of the arch formation. It looks like it wants to test the week of the 17th of March this year. The low was 36.99 years at 37.07. It's within an eye blink away of that left side low. All I'm saying is for subscribers and opening call, we try to be as selective as possible. If we all want, we try to be aggressively long in a small position with a very tight stop. I think at this particular point I'm more comfortable with that scenario. Oh, question came in. What about CCJ? CCJ, that's the uranium we might have had an ugly move from the high that was made just over 42. And I said there's an alternate count. And in the alternate count, that D was actually a C, but if the D, if it was a chap, maybe an unconventional flat-based restart, it should go to the 36s where we went under that yesterday. Now we're bouncing. And UEC, which we are still long, we've taken a little bit off on the way up, fabulous gains. Look at this, it's running again up 20 cents. That's why I cannot rule out crude oil. Even though crude oil just had a huge single leg A to the downside. Single leg A to the downside can often reverse quite quickly and quite sharply. And then you've got to see if you get the dreaded H. Next question came in was Qweb. Qweb is, this is Chinese, I think Chinese. What is it? It's Chinese something, either. I think this is the Chinese Google, turning down 12 cents. See the way it's testing, testing with slightly lower lows. I'd just be a little bit careful. Nio, you said you've got some puts on Nio. Yep, puts right now on Nio. Well, it's actually $8.59 cents. It's holding quite steady, which takes us to Tesla. And Tesla, of its intraday high, is down almost $2.57. This is the one that I think is still the king of the group, of the EV area. This is really the leader and it should stay the leader. That doesn't mean, say, it's going to go all the way back to all-time highs of $400. But I do think it's going to hold a lot better than many of the others. Next question came in, could I look at, oh, XLF. So another reason why I think gold is in its own trajectory is, look, when the banks, the XLF plungers from the, I shouldn't say plungers, when it drops sharply, 10%, 12%, and goes down so quickly, and now it's testing the 200-period moving average, usually the big governments, not just mutual funds, but really huge money goes into, this is my experience. I'm not even sure I can prove it. It's just something that I've noticed. And I think it seems to be the way, a correct way for me to think about it, that when the financials become very dicey, big money goes into, because of American banks are in trouble, you better get some gold. Something's different. That's what I'm saying. All the correlations are just not broken or finished with cash. That was down 106, as if it was down 3, 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? 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That's TFNN.com and hit watch Tiger TV. Hi folks, for the final thing of this day, in this last segment, a couple of things I want to do. I just want to keep you in mind, I had a natural guess to look at it yesterday and I said we're getting closer and closer to a breakout of this long, a year-long rectangle and I'm seeing the technical starting to improve for the very first time with the price ignoring it and that to me is a good sign. So I'm looking at natural gas, it's up, the UNG is up, this is the United States Natural Gas Fund, at 7.30 we have 34 cents. I actually like this. It's a different chart pattern all together when they were made in late August, early September when it popped up to the 7.30, 7.40 level. I like this but if you're trading it, you've got to be prepared to have it overnight and that makes it kind of difficult to do for those of you who are risk averse. So I wouldn't be touching this if you're risk averse but and I was going to have this for subscribers this morning and then I completely, if I don't write it down in my first paragraph as a reminder for the next day it just I got so many stocks and things I'll look at. I just it was off my radar. I might, I don't know if I would have because I think it gapped up, say if it gapped up I would not have got it. No, in fact I definitely wouldn't have because it gapped up this morning. It opened at 7.05, it's a 7.33. As a trade and a very near-term trade, the questioner they want to know about it, I would start your engines right here on natural gas but you have to have a stop if you're able to trade it overnight. That's one thing if you're not you've got to be careful but you're at 7.34 almost the high of the day. I would have a stop in you've got to have some flexibility here but I don't want to see a takeout yesterday of today's low of 7.04. I would have a stop and then tomorrow it needs a gap up and be flying away and that's really what you want. That to say for the first time the daily chart has gone from a buy signal has given a buy signal. I think you get a lot of fun and this so far is a few legs. Have a wonderful rest of the day folks. Take care of most of the full day and use better and stay tuned for Steve's great programming of course.