 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 internationally at 727-445-1044 Now Basil Chapman Hello Basil Chapman Tiger Technician's host and the author of the Tiger Technician The opening call whoops How many thousands of Egyptians have I got you the opening call my dating newsletter? And uh, we're looking at the two-minute chart right now It's up 475 in the e-mini And there's a two-minute chart just starting in your legs. See Uh, we'll see what happens here. I'll just make it real clear If there is a close on any 10-minute basis Below 2908 this morning This involves now this afternoon because we knew in eastern time Between now and 130 that'll suggest the upsides are very limited And if there's a push above 20 we're 29 13 if there's a push above 29 18 That holds for three 10 minutes spans. That's 30 minutes That'll be that'll allow for quite a nice close on the in the e-mini which is lagging the Dow So here we go. We're looking at uh, the dollar dollar is holding pretty nicely here It's trying to form a little channel Let me show you this bigger picture the dating chart You see this one They see this cup formation got a little bit of a sloping hand leash like a stick to the downside This needs to see the dollar needs to see 97 42 Very soon. It's a 9703. Hopefully by tomorrow And that'll mean that the dollar is going back and it'll test the 97 50 high that was no there 52 97 52 high that was made on the 2nd of April And start making D that'll be very positive for the daily very positive for the weekly And extremely positive for the monthly because it begins leg c in april in the monthly chart And he pulled back under 96 20 not good. All right, let's get to the nitty gritty here The nitty gritty says That crude oil is holding pretty darn well It's made a peak in the chapter weight methodology holding the nine period green nine period moving average in the rectangle formation I drawn a little while back And is Tested the 14 period Sorry tested the 200 period moving average in the weekly charts pulled back just a tad looks to me like The 65 80 to 66 30 area is going to be key for crude oil because I think that should be a target within the next week And on the downside 62 to 61 50 should be the initial support if it goes under 61 That's going to say but if a timeout here in crude oil as well the TLT, which is the Lehman 20 year Treasury bond fund has made a lower low Since it made that high of 126.69 on the 28th of march This is the iShares 20 year treasury bond ETF Weekly chart made a peak D so you can expect that a peak D in the chapter weight the fourth highest peak That's where other things can happen. You can have a deeper pullback in time and price. We'll see what happens But if it goes to the 121 30 area 120.43 is a 200 period exponential moving average And we'll see if that's going to be the case now if bonds keep pulling back yields go a little higher That's going to suggest that the stock market still has inner strength Rather than see money come out of bonds and going to stocks You will see bonds suddenly rally above 124 30 if that happens in the TLT Money will go back into bonds and out of stocks. That's kind of my thinking here So let's get back to our nitty gritties We wanted to just briefly look at the high-grade copper high-grade copper is just trading in the sideways range One look at wheat, which is down wheat w Uh-oh. Yep. There it is There's down. Oh now it's down huge down 13 and a half f446 Uh, that makes it important to look at the soybeans down 11 and 11 at 8 87. Oh, let's look at corn con con is trading down four and 356 and three quarters. Um, yep, that's taking the um The grains down is going to be really important Can the grains get out of this? Can they start to rally quite strongly? We're going to be watching very closely now. I just I just wanted to show you in terms of techniques and and and Stuff that you can look at that might be helpful. Look In the in the chart formation of the two-minute chart of the e-mini It made a high at a peak d the fourth highest peak Remember talking about that just a moment to go it took a while to get there But it got there made a high of two nine two one point zero for two two minute bars And ever since then has been pulling back it made a low this morning so far Of 29 10 is trading at this point at 12 11 in the afternoon of 29 14 That's going to be very important because There's a lot that says to me and now I can just show you the chart patterns that I think are very important You see the sideways Rectangle formation Well, I'm the one says you see a chart stay in the rectangle formation The great chances are that if it takes out the low it could have quite a deep Move to the downside because it's used up time. It's usurping energy There's kind of a rotational aspect to it As money starts to go in and comes out goes in comes out with a mixed type of market But let me show you something even I think is even more fascinating When you're looking at the dowel on the on a chart basis dating basis You see this cup and handle right here Right here So that is a cup it breaks 26 1241 by going to the high of 26487. That's a significant move to the upside 200 240 points And then it pulls back and it retest inside that so this is not a cup and Handle or it has the look of it. It has more than a chaplain wave Cup and ladle that says if you break above The left side lip in a cup formation, especially after an h pattern And you take out decisively immediately the left side high in this case of 26241 Cheated as a chaplain wave cup and ladle that should go to At least a d but it could even go to an e and then when it pulls back and retests The breakout point the left side lip and then maybe some new pattern is forming at this point The pattern is really just a handle a kind of large handle with rising highs So this makes it very important because what it's saying is that the mag D is good But it's really starting to fail in the sense that it's not showing Tremendous strength stochastic is still good. It's at 84 percent But I'm looking at the pattern itself and the pattern says if within two sessions is a daily chart You've got these two little doji candles You've actually got almost like five dojis in a row uncertainty even with the gap up It says that there needs to be a spiral to the upside In this case, I would put the spiral at 26,650s. It needs to just power right through there And when it does that that's a recycle and we'll we'll deal with it at that time So but I am looking at this and I'm saying, you know Spectacular move very quick peak B to a leg C If there's any pullback in the next by Friday at four o'clock. Oh, no, we're off Friday Thursday at four o'clock So we've got two days to go if there is a pullback Anytime we see the dow get underneath the gap high of 26 309 Otherwise, if the if the dow is trading at 26,200s in the next couple of days I suspect we've begun a consolidation phase. I'll be right back on a bunch of questions lined up Dow is up 63 s&p's lagging with stuff four and a half The Taz profile scanner is the most revolutionary piece of trading software that you will ever try Wouldn't you like to approach the markets with confidence as you begin your trading day? 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It is the uh, what in the heck is it called? Brookfield Infrastructure partners LP, you know, I've never I don't know if I've ever done this one before unless it was by mistake Made a peak D in the weekly and I suspect it's just gonna I'm gonna put my usual rectangle formation right there Rectangular formation. I think it's in a trading band right now and until it gets into it's at 41 84 until it gets into the 42 50s and uh, yeah, I I've always been Someone who loves studying the infrastructure because it's the architecture behind the architecture and I Had spoken about this about My two times ago webinar We've been looking at certain infrastructure stocks, but I think it's only now that we're going to start seeing the infrastructure being Discussed. I don't think Trump's gonna have much choice because the democrats I suspect are going to be talking about it They have to it's just important for them to get to some economic Instead of the socialist programs to start talking about The infrastructure because that's really important. So the answer is yes looking at this chart I think it's just stuck in a range for now between the 42s and the 39s But I think it's one to keep on your list and if you're really a longer term uh purveyor of Look of stocks that Have infrastructure connotations And you're prepared that they could pull back. Well, nothing's discussed it But when they come on when the word is given out these things are going to really raw So I would put and I'm going to make a note of it because it's not one that I ever I just don't recall looking at it infrastructure There aren't so close I can remember it. Thank you. Uh, so that's the one that I'm looking at Daily chart says, you know, let it if you get a chance that you could buy closer to 40. 10 to 39 50 That's probably your best bet as a shorter term position If you're looking intermediate term, I'd even say to you you could buy a call Uh, September or something really far out in the money and just have that as your background All the time. Yes, it will pull back 60 or 70 at some point, but it has the potential to make you more than a double Because if this works, it's going to go all the way back to the higher 40 46.88 made in december of 2007. It did drop down to 32. That's a big decline So I hope that helps you I have one. I'll be I'll be featuring in my newsletter I don't know if I'll do it just yet. I'll have to just check it out Let me just write this down to remind myself. Maybe I'll put it on tomorrow the next day Just as a watch, let me just check one thing out. If you don't mind Oh, man, it's already been flying. It's one that we what we had Quite some time ago and then we got out of it now spring to the upside, but it's still a very good start Let me just do another question that I had here V shape pattern Let's see as soon as As as we seem to only detect a v shape pattern late in the pattern Have you been assessing ways to detect it much earlier? Thanks. Yeah, so, you know I detected the v shape pattern early very early But for the dowel s and p in the cues I it just and even especially the smh's I just did not expect that it would be as Vicious we just look let me show you something here I'm going to go to 2000 and I'm going to just go back. Look at this chart here If you go to october of There are if you go to november Of 2016 remember that was the kickoff with trump In it was in with such speed. It just took right out the left side highs of august of that year It just there wasn't even a v shape pattern. It just to in In three weeks. It was already at new highs. So that doesn't count What does count is a move that you could take from January of 2016 You got your h pattern very clear and then it took off magdae was strong stochastic was strong Um others have done the same thing But what we see in this particular pattern. I'm really looking at the 2009 But let's just forget that for the moment because I've already shown you some patterns that were very close This one never had that right side h pattern It just took off So then what happens is that if every single week there's a new high unless you're in it And you remember we did buy a little stocks all the way from the moment. We got that bottom We've been buying We have not shorted a stock a stock In all this time I'm getting close to that but we haven't done it yet So it was me. It wasn't the pattern. The pattern was fantastic. I just could not believe That if you didn't get in on the long side and just close your eyes Every single month it made a new recovery high right up until uh the high of around about the first of march So it's not the path the pattern was there I just I never expected that after the kind of moves that we had that we would have This let me show you one one more. That's even better. Let me just go to the qqq because I didn't let up at all. Look That has had peaks of one week And it's in leg c at this particular moment. It's in leg c at 186.91 Now it's only 40 60 cents 60 cents Away from an all-time high You know That's so it's my fault I'm not I cannot make any excuse about the chaplain wave. There wasn't a chaplain waves fault It was my reading and the history that a baggage that I took if I didn't have the baggage If I was just a novice and I had learned this I would have said wow, this is it We're just going along and we're not going to put any stop in we're in and we're not getting out until We hit the old high That happens really it rare. It's so rare to do that Mea culpa. That's all I can say so That's a pattern now It's going to be difficult on the retracement to see how do we get in for the next big move to the upside Because it's I think it's going to become either just too difficult because there's no pull back Or it's going to be so sudden and so steep Bad news just comes proliferating like when you see Like those guys on their little ship. I mean the little boats the two little float tillers Out there was it in Alaska and this big big portion of ice just broke off and created the tsunami and the next thing they were running like crazy along the ice when they got to the The little ice through the rocks of ice that it run across them to get away from the tsunami I think they did that's why I could tell the story in a joke. Otherwise, it would have been a lot more serious But yeah, and that's the tsunami. This is a tsunami to the upside so I look at the weekly chart and just the magdeist even now The histograms for the first time over the last two weeks shown that the distance between the rising nine period differential in the weekly chart and the red slow moving average is just starting to decrease and the magdee is Not yet turned down has not yet turned down and the stochastics at 96 percent Mayor culprits all I can say thank goodness. We have we've had a lot of other stocks and We are holding long positions. We've had some really nice trades. So There's nothing that's all I can say and I hope I don't miss it ever again Um, I think my mind was in the way not the chart All right, so the the cues are up 70 cents the ounce of 51 s and p's lagging is up a few points 36 I think we're getting real close to some kind of a pullback. I'll talk about that when we get back Since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his 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 guardleys 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 Hi everyone so what I want you to do look at there's this I said did go to a D the two minute chart went to a D at 2914 It's made the H that goes to lowcase mpad and that's what I was drawing in earlier on So I just sideways. I think let me just show you something there There's just a little concerning me and in the short term. Let me show you So if you look at the my chaplain wave Automated projections, that's the automated Resistance and support levels Look what we've got for the Dow. You've got 26,646 All right there 26,913 snacks It's just gone above the three in the 26,290s has gone above three of them. That's a good sign So 26,646 there's a little bit more room to the upside Then you've got to be careful 26,623 in the weekly chart and then up in the 27,100 I got a feeling that has to just wait a little bit and look the 120 minute chart 26,591 And a lot in the 10 minute chart. So I'm suspecting that Not that you can't go a little higher, but I think it's starting to get harder. Look at the S&P Let me just go to the spy for the moment. The spy shows you 291.02. It shows you two In the weekly 291 to 293s in the daily. So it's got a little bit of a way to go. It's at 290.35 We've also looked we're looking at 290.68 in the 10 minutes 290.61 and the 120 then 291. So and he said look I don't Try to find the light blue support levels just in the 10 minute chart They aren't so it says upside That's the resistance that we're going to be looking at when it hits it We'll be start to find that there are support levels to be concerned about the cues right there broke in the weekly chart broke the 180 183s, but what are your fives now you got a bunch in the daily at between 187 and 188 and in the 186 70 is in the 120 minute chart what's today's high today is 186 What is that? Let me just check it out 186 91 So you can see that we are close to some kind of resistance levels on the automated basis IWM IWM is trading at 157 55 and just above you've got 158 62 158 76 And what 157 60 our resistance levels in the daily The 120 minute chart 158 35 and way up at 173 in the monthly charts So and 157 60 right in this area at this moment in the 10 minute chart and supports We've only got 156 As a support 156 so 7 to 156 82 Well, let's go to the let's look at gold Gold is this particular point is down was down 13 what's it down now? That's down 14. So that says there's a lot of Support in the 10 minute chart in the 1275s. We've pierced the 1285 weekly chart support The daily chart next one is at 1263 And the right now we're at the one at the 1274 64 120 minute chart support This is going to be an important moment for for gold if you look at the dollar upside Resistance is 9705 97 10 on the 10 minute chart There's a lot of support in 96 50s in the daily 97 36 up there way up 36 97 45 97 90 forced and 97s offers a lot of resistance in the Daily look at the weekly all the 97s then that's why 97 71 was a double top and look at the 120 Oh the monthly chart is huge And the daily chart the 120 has 97 03 and we're at 97 02 right now so If the dollar is able to break All of that resistance and go to the 99s over the next month That's going to break important resistance It's going to be hard to do But i'm just saying that's what i'd be looking for and the support in the 96s is really important in All the different timeframes Okay Now a question I had was the iyt pulling back today because a jb hunt had a lousy transportation had lousy Numbers, but it's only down 26 at 194 34 we've been long since the 185 area and I like this I I think it's got 196 to 199 very strong resistance in the daily Huge in the 194 90s in the 10 minute chart 196 in the 120 minute chart But very few support levels the support level is at one um 193 point 31 On the 10 minute chart and then there's nothing so if it breaks down, there's no support i'm going to get to 178 That's a far. That's a long way down But so far it looks like it wants to test a little longer just to maybe One more test to the upside But all of these are suggesting to me that the upside resistance levels that we are looking at unless there's going to be a very strong Unless there's Some kind of news tomorrow that just really makes the dollar power through into the 98s That's going to be really important Um, and I don't know what the story could be So that would only mean that if gold actually really tanks again tomorrow Then that should help the dollar the dollar should break away You are usd. It's a little more difficult to see on this particular chart right now But we've got 1.13. We're at 1.1284 Up in the 1.13 is a lot of resistance and down the 1.13 so 1.14 yeah And and 1.13 you support a lot of 1.13 1 1.12 1.11 in the weekly chart And in the monthly chart 1.11 But uh, it's now it's pointing because there's so much support that it's pointing to some kind of support being Attempted rather than resistance level. So this could be very important here. All right. I want you to do that just to show you Um, moving on let's go to dan alfredo georgia dan. How are you? I'm doing well basil. Thank you good A question for you. I was looking at the at the IWM and wondering if you're On the daily I can't can't figure if it's uh getting into a New leg a or e It's e so this is a new oh your question is it made the d would this be a new leg a If you have any questions just put an alternate count e to a Um, that would be legitimate here But everything I like to be sequential until they're really good science to say, you know The last low could have been a low of importance. So maybe I need an alternate count off the d This is not an alternate count right now. I've got it as an e and I think I'd stay with it as an e And it's trading at up 42 cents at 157 59 There's a there are a couple of patterns here. They're really important if I'm going to blow up my uh Weekly chart so that you can see it in greater detail just so that I can explain to you What I'd be looking at as resistance levels. There's a trend line From the august high of 173 39 in the russell 2000 etf And it comes down to the high that was made on the rebound from the low of december to the march First week of march high. I think it's the first of march 159 50 Then it pulled back quite sharply created an uptrend line And now it's making this cup formation But it's just outside where I call the chaplain wave inside track. Have you got time to hold on because I've got Something that I'd like to talk about Okay, great. We've got dan and our friend at georgia. 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It's a pattern that I talk about very often So there's a lowercase h pattern, but if you flip it over It becomes a kind of a reverse y That reverse y means you've gone up and then you've made a cup formation and you're retesting the left side high What happens at that point is going to be very important So what does that mean? Look at this chart of the day. Do you see this move to the upside? Goes to 159 50 Put pd and then it pulls back to the 148 level 25th of march Now it's making its way and I've got a chaplain wave inside wedge I've got the uh the plum line that I always talk about he has your plum line right there That's on the log the 25th of march at 148 41 and look what it did It took x number of bars to come down And now it's taking about the same number of bars to get to this level And I'm suspecting this there might be just enough strength to try to test another once or twice 159 area Of this green dash chaplain wave inside wedge target line And that won't happen if and I always like to have The opinion that there's perhaps a cup formation and there should be a fighting arch formation And that would say that if that's going to fail We should fail almost at the highs and that should create a new arch formation So I've drawn them in I'm not sure Dan if you can see this if you're watching it live But you'll be able to you are able I know sir Okay, so then perhaps in the in the archive you'll have a chance But a reason why I wanted to bring it up is that we've got the same thing now in the cup formation of the IWM weekly chart and that's saying that this is the breakout here of the downtrend line Is important because it's suggesting with the mag D strong and the stochastic So that 86 percent there's a chance that we could get to the 159s As a point and a half higher and that's going to be very important Does it double top and then take a breather or does it just smash right through in the cup formation the paddle I'm looking at right now says there should be some kind of resistance So I should actually get to you and say but what exactly were you looking at and wanting to do? I am short, but I have a stop for about 160 161 and I I guess my more interesting I was more interested in what your thoughts were Because s and p down nasdaq are all pretty much at highs So the rest is still quite a bit down Way down 173 was the high in august is trading at 157 right now I think that the dowel and the uh, uh, the dowel and the Transports their transports and the IWM are going to play catch up My thinking here is getting closer and closer to to to to believing that there's first going to be a pullback So that they can build the energy to do that which puts you in the right camp But it does say there. Are you short? Which vehicle are you? Do you have the three-time short? You just yeah short. You do have the three see that makes it completely different So that's your you you have the tz a um And it's trading at nine dollars and a penny That means that you would have to allow it To go if you could prepare to go to 160 That means that the tz a will take out the low of the 12th, which is at 891. So that's 10 cents, you know Wow I Oh, I know what I would do. So this is this is just my thinking because I have to just be very honest with you if the IWM I'm thinking that it could pull back in this area, but it could just make a slightly higher high From where it was just three days ago That still puts it under or close to the to the most important left side high of 157 Of the 159 50 I I would probably do this you're in the position I would let the day play out. It looks to me like the at this point It's funny because suddenly the IWM is one of the stronger of the indices. It's up 0.28 percent I'm sorry to tell you this you know that right But at the same time it keeps rotating and when it pulls back, it does have a pretty sharp pullback So I'm gonna this is what I would do if you've got the three times long. I would divide it into three I would say that if by the end of the day the IWM actually closes closer to the to the high of the day Which is 157 90 I'd probably lighten up one position You know, you could if this starts to tank you're going to be able to get in if you won't get in the best level But you might be able to get in where you're getting out now in other words The best level might be that it actually goes higher and then the tza is down in that 890 area So that would be the best level, but it doesn't matter you want to get the direction and right now I don't have anything telling me that the there's a directional change in the daily And definitely I don't have it in the weekly So it's I don't want to put it into the guesswork Characteristic, but I'm going to say to you I I would handle the trade so that I don't want it overnight. You can't get you can't get out overnight, correct? Correct Yeah, so that's why the reason why I don't think I want the overnight risk. I'd rather say I'm missing Opportunity because it's now going down. I can now I can pile into the downside Then to say oh my god. Oh by tomorrow morning at 9 30. I just hope that something horrible happens So that the market goes down. I just that's not the way you want to do it So I'm just saying to you risk reward If it closes at the high of the day Um, I'm probably would myself I would probably say I'm getting out of two thirds keep a third just in case I might even say, you know what? I'd much rather be buying it When I've got confidence that look even the 120 minute chart and made a what did I do? It made a peak foe or the other day Yesterday, yeah, I made a peak e and yet it's not pulling back very sharply It's holding very nicely. Look to nice green candles for the 120 minute chart Stochastic is trying to turn up. Magdy's not looking too bad. I'm I'm saying to you I prefer to miss opportunity to to have you overnight Well, you know, I yesterday I had a Chapman wave Trin gauge reading which said that there should be a 9 to 11 point E-mini rally at some point Either overnight or today within two days and we had it overnight going into this morning Um, I don't have any reading. I just checked it. I don't have any reading for tomorrow I'm just saying to that if this closes near the hind, there's no bad news at all tomorrow This could this could actually gap up and I just I'm only thinking of the risk reward Now, I don't want to change your thinking if you were prepared to say that that's what you were looking at in the IWM of the 160 area Um, that's fine. I mean you have a plan. I don't want to change your plan I'm just saying I've got a Chapman wave inside wedge target line, which is at 158 79 If it goes above that My next level is 150 950. So that's already telling me that there's A real good chance that It could push higher by tomorrow So I'm just saying If you want my opinion, I'm just saying be a little careful You could always get back in and not only that if you miss The turn down by even two points, but it is saying that it's the magnus starting to turn down stochastic is at 93 That's very good So I'm just saying to you I'd be very careful. I hope that helps you but I would be very careful Thank you. Okay. Let me know how it goes this speaking in a couple of days. Thank you for calling Um, that's Dan and we'll be back down to 45 I'll be back 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the Best at what I do sign up for mastering probability today By clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops Where I take you step by step how to use an extraordinary set of tools as well as provide Great market calls to sign up today If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up to date Affordable and a must-have for every trader looking to gain a competitive Informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors You know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep Stress reduction and the need to detox nico our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment But today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong That's why we need primal edge daily nutrition It includes a special blend of ionics oil based vitamins minerals baddie and amino acids and an easy to use liquid form Primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system They've been called miracle molecules because like sunlight air and water life cannot exist without them That's right page. They ensure we receive all the nutrition we need to be healthy and thrive We take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today For just eighty nine dollars click on the primal edge banner on the front page of tfnn.com Hi folks, this is steve rhodes. Stay tuned for another great hour of the trader's edge heard here at tfnn.com Hi folks, we're back and yeah a couple of things that I was the one to talk about is that yeah just for Dan I'm not sure if you're still listening If you were in a winning position I probably would have wanted to make any change. I would have just said to you congratulations. Good trade The reason why I wanted to go through my thinking here Was not that within It's five minutes to one and say by five minutes to two suddenly the market's pulling back sharply And the IWM is tanking and you say oh my god No, it was just to say that if it closes towards the high of the day There could be a gap up tomorrow and that's really I don't see the reason to have that kind of risk Under those conditions if we start to pull back and the IWM which is up 43 starts to go up Up 33 then only up point 29 and then up 10 and by the end of the day you're looking at something Much lower than it is right now 157.62 you're absolutely in the right position and that that's very different That that was my thinking. I just want to clarify that because sometimes what you're saying And what's being heard? You know, I just want to make sure that we were on the same length now. The other thing is yes I as far as sectors are concerned there were two sectors that we were shorting But that's different to the stocks I was saying that I couldn't even though I saw individual stocks that might have been looking weak We didn't take any stocks I was rather having the generic sector that we were short Because that seemed to me a more secure way of doing it Then at this particular stage in the market cycle of an individual stock But I am looking and I'm saying to myself. Well, look at Starbucks Starbucks is had a spectacular look at this monthly move in Since july of 2018 somewhere in the 47s It's gone straight up to the almost the 77 area And the monthly charge is still only a leg B Not the way I can count it. I've been through this so many times The weekly chart is in a leg D. Maybe a peak D this week. We don't know Nakti is good. Stochastic is very good at 97 percent And uh, but it is a D and a D other things can happen So you look at the daily chart and the daily chart says hey, is this an aphorist C It looks more like it could be an effort could look like it's bumping into resistance All-time highs and what are you doing? You're messing around looking at the short side But I think it's Starbucks and some of these other stocks could be tells over the next few days About the bigger picture shorter term