 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now, toll-free at 1-877-927-6648. Yes, this is the Tiger Technicians Hour, and my service here is the opening call of the AD Newslet as for subscribers to my AD Newslet that goes out at about 8, between 8 and 8.30 every morning. It's so interesting. Years ago, I used to say, I can't send it out before the 8.30 report and whatever it is, there's always something inflation, interest rates, China, you name it, impeachment, everything, there was everything on the cards. And then for about a year now, I've seen myself, you know, if you go back all the way to M1 and M2 and M3, the M1 used to, Barons used to have this report out and there used to be a big fuss about it. And it was on a Thursday, and I remember waiting for the report. And over the years, I just found that, no matter what, unless there's a trigger point where the market is so vulnerable, it's about either to turn down or turn up. Whatever the Fed says or whatever the report says, it really changes the course of the tide that's in place. But what's really fascinating is that over this period, I found that just doing my homework and sending out the newsletter, it kind of avoids either my being influenced by the market or by what's said. I'm just looking at the charts and I found it's such a big help. So I had a question from someone just the other day is, how do you separate the emotion from the technicals? Well, it's almost like reading the paper. It's the news that you see in front of you that activates whatever impressions it's going to make is what you don't hear or don't see, which is a ton that really is behind the scenes. And that's really just keep the attitude that I'm looking at the chart and I'm just going to do whatever the chart says. So within that context, what I'm looking at here is now the dow is down 33 points and the nine-period moving average, let me go to the dow, flipped negative, but look at this. It flipped negative with a potential dreaded H-pat. In other words, this arch formation. I've got only a line, no bars, anything. This is the closing price of the dow. Look at the S&P, even though it's down right now about 17 points. Look at this. The nine-period moving average went negative, went pink right there, and then it popped positive yesterday and today it's still positive, but it is attempting to turn down. Look at the QQQ in the X100. So the S&P at that point was down 17 and 41, 20. The QQQ is at 322, 17, down $1.50. Look at that M-shaped pattern, but the nine is still way over the 14. Let's get a sip of tea there. So I'm looking at IWM Russell 2000. The opposite is being negative for some time and it's staying negative. Now when I sit in the update that this so far isn't bearish action on a very short term, just an intraday basis, absolutely it's bearish if it's going down, but wait a minute. We're looking at a very interesting situation here. We're looking at a huge spike here. It is on the Dow on Friday. I mean, look at this. You had a huge spike on the 27th of April and was followed through by another big gain the following session that a doji candle and a peak it turned out to be a peak year 34,257 on the 1st of May. And look at what happened. It had a huge down candle, another one. It broke the support level. It hit the 200 p.m. moving average, tried to rally, failed to rally, but what's really interesting about this is that the support level of this channel, inside check, remember I like to take two trend lines, narrow them up so that they look like a little mini channel, and that often gives you the parameters for where, what did I just, what did I look at a moment ago? I would like to show you right here at the top. Look, I'll drag the daily chart on the left across over the weekly arrow. Look, I joined the upper wicks to get a trend line in the daily chart from the high that was made back in March in about 32,572. I made a little inside track, repellent zone. It went right to that level and got repelled. Well, look how beautifully the support level was holding until it took it out the other day and now look how it's acting as a resistance. So when I say this isn't the kind of bearish action what I'm talking about is often move up like that. You see the red candles from the high that was made in 34,032 back in January, big red candle. Then a follow-up, big red candle, even bigger on the next day. And then a small red candle, then you made that low that was at the base, dashed line that I'm showing you here, and it started to rally. So what I'm saying is that at this particular point, the action that I would expect if we're going into a strongly reversed down phase is that today should close a day's young. It's only down 46 in the Dow. The Dow should close at about 170. And then I'll say, you know what, now we can get the Chatham Wave dreaded H pattern with a follow-through to the downside because the MACDs week, the stochastics only at 40% on balance volumes week, but price is the arbiter of the trend and the price is hugging the 9 and 14 period moving averages right now. So it's saying, I'm not too interested. So for subscribers, we've got about another eight minutes to go. We missed by just a fraction going along the Dow, one of the ETFs that we used. That's okay because if by 10 o'clock it hasn't done it, then it means that there's a chance that we could rally the rest of the day then we'll have to deal with it in a different way. But what's really important is that weekly chart is still holding very well. With the lines over the 14, the MACDs, the stochastics at 82%, I still see enough residual strength to kind of, I'm anticipating that we've got a rectangle formation here. And the rectangle formation says that the S&P has enough strength to kind of meander sideways, maybe try for the 4150s at some point the next few days, but it makes the 4100 to 40, I say 4087 to 82 is really important to hold. If you start to take that out, I suspect that the nine-period moving average between positive, the fact that it's gone underneath the inside track support level is important to me because now it's got to get above it very quickly. It did that for two days, Friday and Monday. Today it's under it. I'm watching closely because this could turn into a peak C1, C2, and we go into a rectangle here. In other words, I think that the upside is fairly limited. I see enough residual strength that it could be further pups to the upside, but I'm saying that I think it's more choppy choppy for the next week. This is going to the QQQ right now. You can see what I mean. This went to a new recovery height. Look at the champion inside track balance though. Four times we've been there. Today will actually be in the last few weeks. They will have time for guys to get it. We'll be back in a moment. The tower is down 12. It's down 0.7. Bye. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 & 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 and 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. 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Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Carlos, we're back. Just while we're looking at the commodity side of the two games, go right now. A question about natural gas. Natural gas, the UNG is down 0.01 at 2.22. This is very interesting because the technical aspect says that until the... Let me go to the natural gas continuous contract. Oh, that's what I got. Natural gas continuous contract. Until I see trading in the two... Actually, I'm going to be a little aggressive here. I'm going to say the 2.48 to 2.53 area. When I say trading, I mean over three days it doesn't drop below 2.20 because it's up in the 2.40s and then 2.50s. That would say to me, finally, the weekly chart is going to see a little bit of strength. I don't see that at all yet, but a little bit of strength to start the technical indicators improving and that can only happen if the data is... In other words, the data, the short term leads the next level of timeframe and I haven't seen it yet. So the UNG, let me give you that. Here we go. That is at the low of the day right now at 6.48 down 0.5. It's not that it's broken down. It's just that I need to see rallies that are sustained. Look, you can't have the sudden two-bar gap up and then fail, which it's done so many times and this is the third bar up. It had one gap, but this is the second bar after the gap up bar. So I'm just looking at this and saying there's no evidence yet that natural gas is giving you signs and of course it is also the wrong month, but that might not hold true at all. So what I was saying before is we were looking at the dollar and I said, the way I'm looking at this market is that yes, when the dollar rallies, very often you get a commensurate kind of a struggle in the market itself. There's a relationship there, but I suspect that the dollar is just stuck in a range that at this point won't go that far. And especially if you're looking at gold, gold right now is up only $1.7. It was up much more earlier on. It had 2040, now it's at 234. It's really not bad considering what's going on, but my suspicion is this right arm extension. It's almost like a rogue wave spike that ran on the third and fourth of May and it went to 2085.4, 2085. I think that's just a repeal. That top says to me that gold is probably going to have a tough time breaking that right now. It's more likely to fill in the lower part between I'd say 240 and 2005. If it breaks 2005 in the next couple of days, then I think that weekly chart is saying, okay, I'm going for this. Let me do this so you can see it. I like to repeat patterns over and over because patterns repeat over and over. And all you have to do is identify them. So here we are. This is going to be green. It's the inside bar right there. And now they are. So this is the same thing we've been seeing. Remember S&P? Remember this is the pattern we were looking at right there. You've got it in gold in the weekly chart, GC. So I'm just saying the way I'm looking at it, there's a rotation through the leadership. These sudden spikes when you've got fantastic news and you've got stocks like a meta screaming up. But look what's happened. Since it ran up, made the high. It's had five bars, mostly lower highs and lower lows except for today. And it is a leg E in the weekly chart. If you look at Microsoft, okay, I want to go through some stocks now. So there's a bunch of things that I need to do. I will be doing the two o'clock show. You'll have a bit of a break. He's been doing these two hours for a little while now. And I'll be doing my show tomorrow morning and then I'm out for a while. I'll try while I'm away to do a remote. If I'm able to do it and get it going to do. I hate changing all my instruments or the electronics because when I come back, I find the microphone is picking up on Skype on a different. It just gets complicated. So we'll see what happens. But we'll be here Thursday, Friday and next week. Then I'm back. So what I am looking at is a spike in Microsoft and that really helped trigger that big move up. And that says to me that big move up on Friday. Was it Friday? I think it was Friday. Tastes just seem to be flying by Friday. And now we're going to see what happens. So okay, I want you to show you when you're looking at when you're looking at the GDX. And we went through this the other day, but I want you to do it again. Look how well it's holding holding well sideways is fine. If there's no deterioration in the technicals and so far, there's only a slight deterioration. I wouldn't even say it's a deterioration. And I drew this in. I don't know why I didn't finish it to do it kind of a cup formation. Really should be much tighter than that. This just gives too much leeway. So let me go up there. Let me go there. And now you can see we're trying to make a cup formation. I'm watching it very closely. GDX, the gold miners. Look at the silver. Silver made a double top almost to the penny in the continuous contract. And now if you look at the technicals, oh, I didn't do this. I thought I did. The technicals on the left side of that mid-April high right there. And the technicals on three days, Friday's high. Look, the MagD deflected lower. The stochastics now under 80% at 73%. But that nine is still over the 14. Keep in mind to me, that's absolutely imperative to monitor. That's the thing that's holding the price up at this particular point in the next week. And going into next week, if the continuous contract of silver trading at 25.80 right now, actually it doesn't even have to close. It just has to spike into the 20, 26, 75, maybe touch 27. That's a different ballgame altogether. And then I would suspect that the dollar will be pulling back sharply again to retest the 100 to 99 level. At this point, the dollar is showing some strength, but it's really just sideways bouncing within a range. EUR, USD, I just want to get these done. It's because the rest of the day I want to be doing charts to show you what I'm looking at. EUR is pulling back. And that just hints to me that you've got in the daily chart. The weekly chart is still pretty good. Hints to me that you've got some kind of a digestive phase going on in the EUR, which corresponds to what I'm looking at in gold, and looking at the USDJPY, which is the yen, the USDJPY's yen currency pair. It did that beautiful double top. Oh, a lot of double tops. Double top to the 137.91 high that was made back in March. It went right to the 137s about a week ago. And now it's pulled back to the 200 period moving average. It looks to me like it can have a little bit of a bounce, but basically it's stuck in a range. And that corresponds to what I'm seeing in the dollar. Now I wanted to go to high grade copper, HG, down at the bottom, it's down 0.98%, down 0.03 at 3.89. Just going nowhere. This corresponds to Wood, the iShares global timber and forestry ETF, peak A. So let me show you here. You can do the exact opposite. You can say this low that was made around about the 27th of April at 24th of April at 68.75 had rising technicals when it made the test at 68.91 on the 27th. If it starts to close above, let's make it in the 73.25 area, it's at 72.07. That would be a bit of a positive for the global timber and forestry ETF. That was down 23, it has to be down 14. I'll be right back. 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Educating investors. Hi, folks. I was asked if I would look at XLI. XLI, this is really, in a sense, the true industrials. S&P select industrials try to find much more than the Dow industrials called the industrials. I mean, those days are gone. It's just the Dow 30. It's no more industrials. So this is trading at 99.21 up 6 cents. But if you look, I'm going to do this. I haven't done it for ages. We haven't had many of them. There's a technique that I've used for years and years, not years. Since 1986, I believe it is. I remember I had a good friend and he had someone on a completely different thing doing a business deal from this person from France and he invited me over just to discuss some things about the project that was there. And I can't even recall how it came about, but I suddenly realized that there's a pattern that I can look at that looks so much like a stalk. You know, a stalk stands on one leg and then there's this long, well, the other leg's tucked away, but you only see one leg, and then there's this long body. And then the body has a neck, and the neck doesn't have to be all that long, and then there's a long beak. And I thought, wow, isn't that an interesting pattern. I've used this for years and years and years. So what happens is it cannot look like, look, this cannot look like a rectangle. Why? Because it's got slightly higher highs and at the bottom it's got slightly lower lows and now it's starting to come back to the middle, making a triangle in the middle. It really looks like a stalk leg, and this is the weekly chart of the XLI. And now what I usually do is I type in a leg, then I type in body, then I type in, and this has not happened yet, neck, and then I type in, a little later on, comes the beak. Now all of this can change, but what happens in this particular pattern is it does not take, this bottom doesn't get taken out. If it get taken out, it's done with the pattern completely. But if it holds, when it eventually breaks the top and starts the neck, that's where you've got to be careful because from the neck it comes back and tests either the top of the body, or it breaks that. If it takes out the bottom, that beak after the next form, the beak, if that beak takes this body out, it can go a lot lower. But if it holds steady, and basically it looks like this, in fact I'll draw it in now because it's such a fun thing to watch. It can fail. You're not the boss, remember? The chart is the boss. You're just following it as best you can. Like that, like that, like that. And then you get the neck. If the neck goes a little too high, it becomes a propeller shaft where one of the legs up and the body can have an equal ascent to the top and that becomes, it looks like a propeller shaft. And then the rule is that the beak, where it stops is most important. But when it does stop, it's extremely bullish for a very brief period and then you're on your own. So we'll watch this. Now I can say this particular point is still stuck. I don't see anything happening yet. I actually see it more arching over to retest the 98, 28, and 200-period moving average of the daily. If at any point in the next five sessions there's a pop into the 120 to 150 area, that's exactly what you want to see. You want to see another test of the daily rectangle formation and you know rectangle formation can last a lot longer than your patients. And then when it does break to the top, if it comes back and then takes out halfway. So there are a whole bunch of rules that you're checking with methodology, rules that you're looking at. If it takes that out and closes underneath the midpoint of the rectangle, there's a real good chance that it'll not only want to test the 200-period moving average in this case, but it'll test the lows. So the whole bunch of things to look at, I just think that it will be a little early. I would not rush to get in this. If you're looking at stocks like a Caterpillar, C-A-T, look Caterpillar, struggling sideways to down. If you're looking at deer, look struggling sideways to down. If you're looking at, let's go just coming this engine. I don't know if it's in there. Look, sideways to down. Let's look at the cyclicals. This is US Steel-X on the way down. Remember we spoke about this the other day? I was, Jane, want to know about NUE. I said, no, I don't like this. This is not working out well at all. I'd be real careful. I'd make a tight stop. And the other one she was looking at was Tesla. This is actually a problem. This should go into the cyclical sector because this is, I mean, autos, right? But it isn't. And this has also gone in a big arch formation. It's really struggling at this particular point. Look at the weekly chart. A to B equals C to D. That's the Tiger for National News Network lightning bolt pattern. And it's the same thing in a much larger context for the weekly, for the monthly for 1450 down to the two tennis area, bounces up to 320, comes back down and tests the most recent low at 100. So this is these patterns. I'm a little worried about the cyclical. I'm a little worried about the XLF. Although it's holding quite well when you consider what's going on. XLF is minus 17 and 32.22. Now the KRE, this is still in place. Although we did have a trade on this. I made such a tight stop. It took a little bit of a loss. I don't mind because there was the chance that this became, it didn't fulfill all my requirements for a Chapman Wave price of volume climax. But it still says the 34.52 low that was made on the 4th of May. That's how that holds is going to be really important. Because if the Israeli in the S&P regional banking ETF, and of course I asked myself, anyone would naturally ask, what are you thinking about? This has been under duress, serious duress. There's nothing yet to say that it's out of there. Well, we'll see what happens. But in the meantime, it's looking quite poorly. The arch formation is filled in the gap from the other day. So it's not looking too great. I want you to also do within this context, just because this particular pattern here, Chapman Wave price volume climax had this huge volume at the low and then gapped up and it held pretty well until actually even today, it's still not bad. It's just not doing exactly what I wanted. So that takes me to Schwab. I was asked, could you look at Schwab again? Schwab is trading at 47, 68. It was more than 28 days. It's about 9, 30, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 40, 41. It's about 44 days now, since the 45 round number low of the 13th of March. It's really struggling. So in that whole context, the financials are... I need to see the financials of the semiconductors start to lead at some point and there's no sign yet that they want to lead. Here's the SMHs. 118.57 was the low on the 27th. Nice bar yesterday, giving some of it back. Still with a red, nine-period moving average. If at any point in the next week, the SMHs, the seminars could even hit... I'd like, I usually say just touch it. No, it's not good enough. They need to hit 126.50 and close over 126, at least once in the next week. I'd say that's much better action. So far, it's just a balance. I'll be back with dollars down 56 SMHs on 17,000. Gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. 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To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today. And try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD. Directions daily S&P Biotech three times bull and bear ETFs. Visit Direction Investments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. Prospectus and Summary Prospectus contain this and other information about direction shares. To obtain a Prospectus or Summary Prospectus please contact Direction Shares at 866-476-7523. 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, Foreside Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. So in the time we've got DBAI trading up 28 cents at 307, up 10%, that's pretty good. But look at the way this 200-period moving average has been like a fulcrum for up and down and up and down, but it keeps coming back to the 2.91 level. This is the move that says peak A, peak B right now. This is the move that says if it's able to get to the further away, it gets from the 2.91-200-period moving average level and tries to tackle this reverse jet wave red Roman candle on the 20th of April 3.42. The sooner it can get to the 3, oh, I'd say 3 halfway marker with 3.24. If it can touch 3.24 and making this U-shaped pattern, so you've got a large U, this is not a proper cup, I've made it a cup only because I chose a particular candle high to make the cup formation, but there's a second one, it's almost like a cup, a big, deep cup in the handle pattern. I want to see if this is able, I actually I quite like this stock in terms of what's done with the sideways consolidation with the 9 now flipping over to green, that says if it's able to get to 3.24 we can make a full cup formation and that cup formation says that by about yes, as long as it holds 2.90 on a closing basis I must be a little more conservative, I'm going to do this left side, right side price time match, we'll go to the doji candle right there, speedies of the essence in this particular big bear dot ai holdings and I forgot to write down what they do make this green, whatever they do, they're doing something right on a very short term because it's holding very well. Okay, so I'm going to just move this out a little bit, that's my chap move inside wedge target resistance line, that's the line that you want to see, you don't want to see the dreaded H pattern right here go negative, one of the reasons why here we go, why this H that goes this lowercase H that goes to a beautiful cup formation works, is that if you start to see a couple of closes above the arch high, in this case above the 308 level that was made on the 1st of May, that says I'm going to go to the next level up the icon that's in the way which is inside wedge target resistance line which is way up here at 3, it depends when, 352. Alright another question was BBAI, BBAI which is oh, that was BBAI the other one was DoCN I believe, DoCN yes, DoCN has a little bit similar pattern, this is digital ocean holdings, cloud computing and infrastructure, service I think it's infrastructure for cloud this has a peak D in the weekly chart, peak E was made way back in April and then it came all the way from just under 40, about 39 down to the trough D in the 28 and now look what it's doing, it's got a nice candle today, is this the one that had earnings today, well it's holding very nicely, it's up 85 cents at 34.06 up 2.65, I like that action and that just says that if it can move even just a little bit higher than today's high which is 34.81 training at 34.15 in the next couple of days if it can get to the 35.23 ish area if it can get to that in the next couple of days, I would say by Tuesday the 35.97 200 period moving average could be hit but it must hold today's low of 31.50, alright next question I had was, oh I saw it earlier on there it is, okay question P-L-T-R so I read that Palantir that's the that was the Palantir Technologies Inc, that's the company that made those, that sold those very expensive bikes this is your health we're going to put that in there that's the peak A, right this can't be an A because it's the bar that made the low you have to make it trough before you can start your wave count so that's A, that's B so Palantir finally got the act together remember these are the guys that were stuck with all these bikes and they had this gym course that cost a bundle as well and everything that you could think of that could go wrong, went wrong suddenly everything is coming right up to 20% at 936, 20% on a stock like this Tommy Jr always talks about the power of round numbers sorry, the power of low numbers that the percentages always sound fantastic but when you're coming from the 9s or the 7s it's easy if you just pop up a little bit to say oh what a fantastic percent but look at this beautiful left side right side price time I didn't see this, I wouldn't have bought it I just I didn't know enough about this company it's always been a mystery to me but actually when I think about it and I don't do treadmill very often because I play quite a lot of tennis when I think of treadmill and how bored I get they are really dealing with that boredom very very nicely so it didn't take out that left side low that was made back on the 13th of March of 719 so it went all the way down to 7 28 9 cents higher 3 days ago earnings come out and now it's rocketed using the 200-period moving average as a springboard so this says to me it's in play but it needs to follow up I don't want to do the whole thing with gaps at this particular point I'm just going to say if it doesn't reach by Friday if it hasn't hit 987 it will probably touch 10 I'm just going to say there's a chance that this is a really good takeoff and says that things are starting to go right but it needs some backing and filling in the 850s to really get going so it's something to watch now it's in play because it did have an earnings report that was good so oh can you see what it looks like in your system thank you will it get to the mid-teens eventually yes I think it will there will be if this market is able to get on its feet and have a decent ready in the summer then even though there's outdoor activity and everything this is the area that should benefit some but if you're saying to me is this fantastic long-term buy I would say it needs more than one quarter of good earnings to really settle that part of the equation at this particular point the weekly chart is saying yes I could really I'd like to go above into the 12s above the high that was made back in August of last year I'm making the cup formation there's a left side, right side price time match which means we're kind of running out of time but all I can say is that this coming week which will be the week of May the 15th through the 19th depending on what goes on of course we've got a lot of things coming up you know the debt they do the whole debt crisis every single time and then it gets resolved how far are we going to be pushed this time I don't know I mean we just suck as we just sit there listening to what politicians are saying in the meantime back at the ranch I can just say that if somehow or other if you get through this there's parts of different things that are going on and the Dow can actually start to trading the 34,000 735,100 area that would be really good and it's helpful stuff I'll be back in a moment for the final segment we'll be doing the 2 o'clock eastern time TFNN has just launched their new trading room Tiger's Den 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 Tigresses for just $1 for the year 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from veteran day trader Larry Pezzavento and stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time 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 to the Fibonacci 24-7 newsletter today TFNN.com educating investors 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 folks so just as we're about to wrap up in this particular segment and I will be doing the two o'clock show uh eastern time that is uh we're looking at the Airbnb at $127.61 up $1.96 up 1.56% I'm not sure why there should be anything negative unless there's something to do with something that we don't know of but if it's earnings surely it could be way better by now so I'm looking at this with the rectangle on the weekly chart and all I can say is if the earnings are good this thing could balance about four or five points quite quickly it really have to be a very negative thing for it to suddenly slide into the $124.123 area so so far it looks kind of good so let me just wrap it up I think that we having a sideways consolidation here it's the consolidation that we started in a sense yesterday of the big spike up yet spike up on Friday all I can say is that so far this is not the usual bearish with the downs down 380 to 420 points the recipes down 65 to 85 points that's not here at all and that just says this is residual strength for the markers trying to move up and that's the way I'm looking at it right now and within that context make it real simple if by off the 3 o'clock if the Dow is down more than 65 points it's going to be probably a negative closes I don't see how you get it ready at the end of the day but if it's actually up even 35 points just goes green and the S&P has come back from minus after now minus maybe minus 5 or even less I think there'll be some buying into the close I'm kind of liking what I see right now even though we missed by fractions getting into another and added position to our longs in the Dow the U Dow but that's that's the way it goes now the other thing to watch is the semiconductors are still weak down to 75 I'm not happy with that at all I want them to start leaving very soon so that's why I'm saying it's walking and I think for the next couple it's stuck to a great big range but a range nevertheless kind of goes sideways I'll be back a little later and I'll check out more before I get used to it and I'll see you later