 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tommy and Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien. Join this morning by our man Basil Chapman filling in for Tom for the hour. Basil, good morning. Good morning to you. How are you? I'm fantastic, man. How's your morning going? Very good. Thank you. Good. Well, we have some action in the market, Basil. As usual, the market's still digesting the rate cut from yesterday. Right now, we have the Dow up about 62 points. That's about 210% S&P positive by 10 points or about 3.10%. NASDAQ leading the way up above 49 points right now or 6.10% in the positive. We're going to jump right into it, Basil. We're going to go over our man, Kevin Hinks from TD Ameritrade Thinkorswim right after the show. Folks, Bass Market, Kevin, Alex Coffey, the team at Thinkorswim TD Ameritrade Network put on a great program. And, man, they got a lot to talk about, I'm sure. Kevin Hinks, good morning. Good morning, Tommy. Good morning, Basil. Good morning to you. Yesterday was an interesting day for me because of a family obligation. I was out of the office, which gave me the opportunity to listen to Jerome Powell's statement from start to finish every single word. And I saw some really interesting things that Jerome Powell did. And here's the one that really caught my eye. He read a prepared answer to a question. Someone asked him a question that he probably anticipated was coming. And rather than talk off the cuff like he normally does, he read a prepared answer to it, which means the evolution of Jerome Powell continues. He is so now concerned about his words and what they do to this market that I thought he came through that press conference yesterday as clean as he ever has without making any major headlines or gaps or anything like that. Because of, I think he's over preparing for these questions now. And I thought that was just a little something that I caught him reading an answer that I've never seen him do before. To be hyper aware almost, right? Of how critical those words are and delicate, I think is, you know, what I think of in the market. And you're right, Kevin. I mean, I have just even the SMP. Man, you look at it, 245. Basically the low of 2980. And we're almost 40 points in the SMP above that level. And we just charged higher for the rest of the afternoon. I think he gets graded on how the market did. You know, when he cut and how he reacted and how he discussed it and the market rallied. So I think he had a winning day yesterday. I thought it was fascinating. The other thing that I noticed, he really touched on this statement, organic natural growth of the balance sheet. And I thought that was the other interesting thing about his comments yesterday because of this. If you're trying to steep in the yield curve, lower QE or the potential for more QE is kind of working against what you're trying to accomplish. And I thought that was the other fascinating. But make no mistake, it was dovish and considered dovish. But that pressure on the overall bond market will actually flatten the yield curve, not steep in it. Yeah, I mean, they just had to come in today, right? Again, with $75 billion for overnight repo. And the repo markets, yes. Really interesting, that whole story as things go along with the Fed. And of course it shifts to the October meeting already. We have a few things happening this morning, Kevin. I'm sure you saw Microsoft last night with $40 billion buyback and raising their dividend as well, which almost got lost in the story I heard, but raising it $0.05 to $0.51. They're up like 2.2% today charging on a powerhouse company. What do you think of Microsoft over there? You know, I think this is one of those days where that news is going to raise Microsoft. As you can see, it's up $3.40. But it's going to raise the whole chip sector. All the semis will be strong on that. And Micron's up on that news. I mean, I think you're going to see, that's what I think you're going to see. I think you're going to see some lift from all these companies. That's the way we trade now, right? We trade via sector, but I mean, that's big news out of Microsoft. So I'm trading almost $142 now. Yeah, and that NASDAQ leading it. I think NASDAQ's up about 0.6%, maybe 0.7% in the positive. Right. So what's going on? I mean, NASDAQ's up 43 points. That's kind of leading the market higher here. It looks like the E-minis are up, they were just up 10, now they're up nine and a quarter. I mean, this is a good solid strong day. And like we talked about earlier in the week here on the network, not a lot to get in the way of this market right now. It's a pretty thin week for economic data. You know, after the Fed announcement, there's really no other than Fed speakers, there's no data tomorrow at all. And the data that came out today, jobless claims, good number. So he said good number. Existing home sales just came out at 9 o'clock and beat. That's a good number. So, you know, it looks like some of the data, we can get past this meeting, start looking back at earnings and data and determine whether this market is, this economy is as healthy as we think it is. Because the data says it is, that's for sure. And the market says it is since that press conference. I mean, I just brought up the NASDAQ, like we were talking about, Kevin, NASDAQ 100. We were at 78-20, and we're now sitting at 79-60, 140 NASDAQ 100 points from, you know, 230 yesterday. And if you asked, is the market up almost 2% I'd say, ah, maybe. I mean, that's a huge market to be up 2%, it almost feels sneaky, where you don't even realize it's that much off of that low. You know, the roller coaster Tommy and Bevel that this market has been the last 30 to 60 days, and here we find ourselves 30-17 on the E-minis. Pretty amazing, resilient market for everything that's going on, not only in our economy, but in the world, frankly. And this is what's something, I spoke in New York Saturday to a bunch of TD Ameritrade customers. And what I've talked to them about is, everyone's prepared for the looming economic slowdown that's coming via China and Europe. Everyone seems to be prepared about that. It has been, you know, covered to... The media is being all over it. Right? But are you prepared for... What if it doesn't happen? What if China and Europe start to recover instead of getting worse and dragging it down? What if our economy and maybe a USMCA and a China deal and things like that drag the rest of the world up? Are these, are the TD Ameritrade investors that I was talking to ready for that? Because sometimes these markets will go where you least expect them to. And they'll go where the most people can get hurt. Kevin? Just have a quick question. I don't know if legally you're allowed to speak about it, but the IAI, which is the iShares broker dealer in ETF, is doing very well. It seems to me that a lot of people must be coming into the brokerage houses and buying a lot more than before. I don't know if that's something you're seeing, but that's what it looks like. Yeah, two things, Basil. Number one, you're right. I can't talk about the brokerage industry. And number two, I can't talk about ETFs because TD Ameritrade as a broker dealer doesn't own any of those ETFs. So unfortunately, I can't comment on either one of those situations. I'm restricted by my licensing to talk about either one of those. So what are you going to be talking about on the show today then, Kevin? Today, here's what we're going to do. We kind of got a two-part show. Rightful was going to come on in our last block of the day and talk about Nike and Under Armour and compare those two. Use social data to compare those two. But in the first thing, because of all the news coming out about media companies and media stocks like that, we're going to talk about Roku, Disney, Netflix. We're going to compare those three copies. Roku, Disney, Netflix. Kevin, man, we appreciate it. Have a great show. Have a great weekend. And we'll talk down Tuesday. Thanks for having me. Thanks for having me. Thanks for using the Taz Profile Scanner. When looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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You can test drive The Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Everybody, Tommy O'Brien shown by Basil Chapman this morning. We've got markets in positive territory right now. Dow up about 3-tenths percent or 91 points in the green. S&P up 4-tenths, 12 points in the green. NASDAQ leading the way up a solid 6-tenths or 50 points right now, trading at 82-28. So maybe we can start off with Microsoft Basil. I was interested when I heard the news yesterday. I'm a big fan of Microsoft in terms of what they have been able to get done. Seems like they're going to be around forever. 142 up a solid $3.40 today. And I was wondering what you take is on that company, Basil. It's something if I had to build a retirement account. It's something I'd feel super confident just fundamentally about a company like that. Well, there were a couple of things going on. There were stocks in the year 2000 with the Internet bubble that saw triples and quadruples. They were just spectacular stocks to the upside. And then after the crash, and that really was a crash for that particular sector, some of them got cut, I mean, 88%, 93% down. And Microsoft was one of those stocks. Well, if I show you the chart of the monthly, this is just going back to 2012. Let me just squeeze this and you'll see something quite incredible. This is one of the very best out of the ones that have, they all became new again in the last two years. And Microsoft was one of them yet. Adobe had a number of those stocks that were around. $53.97 was the high back in 2000. It dropped a little bit, dropped down to $14.87. I'm not sure whether this was split off. There was a lot, but these are the prices that I've got. Then it takes out that high in 2016. And now it's almost three times high. It's at 141.88 all-time high. And there are not that many stocks that have been as spectacular as Microsoft. There are a lot of stocks that were the olds. I mean, Akamai, there were a lot of them that had spectacular moves that are tapped in the wrong place. But Microsoft is absolutely a leader and how they transform themselves is that speaks to the ability of the company not just to change their old modus operandi but to really become and not just go with the flow. But the price itself looks as if they are leaders. So I agree with you. If you're looking at this as a long-term play, they've done something quite spectacular and they really deserve obviously to be at highs, all-time highs right now. And tremendous support. The way is held. You can see in the monthly chart is on the right. The middle chart here is the weekly. On the left is the daily. You can see that it's really walked the 14-period moving average, the black line as support just constantly for the last year and a half. And now it's turned the 137-period green line there as key support. So 137 to 136 would be major support for Microsoft. And the fact that it broke to a new high it takes it above the previous high. And I've got it now in legs C in the weekly chart and usually we're looking for at least a D. So this is a leg D in the monthly chart. So this is very good. And just from a fundamental and that's a great take, I appreciate it. I look at the same thing in terms of they just, they were going to go bankrupt because they didn't have a great product. And they had no hardware at all. And those Windows laptops I don't have one but I looked at them when I was buying one and they're pretty awesome. And they're not cheap on the same effort that they get a premium price almost up to Apple's price it seems. And I was wondering, I've looked at it as well, being very impressed. I wondered how they were selling so many but people have spoken to say they are fabulous. Yeah, I just didn't need all the bells and whistles of more of a business laptop but I could see anybody in any type of creative or even everyday life type laptop and the powerful one too. And of course then they have the recurring revenue that we do use in terms of Outlook, Outlook 365 and that I believe it's like $99 a year and so simple whether you're family or work and I don't see that going away anytime soon. Well that revenue stream I think was so clever. When they did it initially I thought, why who's it and you can get this for free and why would you be paying for Microsoft's upgrade? Well it turns out that it was a fantastic business decision and after that many companies started to treat that as a model. And the cloud ability to store your emails, be accessible everywhere for a small company like TFNN. It's great not having to you know worry about some server storage occasionally or interactivity from accessing things via your phone, via your desktop. It's all set up in one place. There's a lot of convenience and you never have to upgrade. So it's one small fee and I believe the family fee it's like $99 and it comes with three or five licenses. Really? Yeah. So there's their free but I'm a fan. Microsoft still all-time highs pretty remarkable. I was going to ask you a question here about in terms of the overall market you always give a really succinct, crisp update and your hourly updates, market updates. Is there something that's really on your focus right now that I mean the feds already had this say just looking at the market. What is concern? You know not to bring it all back to politics because the underlying numbers really matter more than anything. But I do see that we're now coming into almost October of 2019 and that can be good and bad. The president, like any president, is going to want a good deal potentially. It's going to want to win and maybe that spurs on some kind of a deal. Maybe that spurs on the need to come back to China or Mexico or something to that effort that could get some confidence going in the market and on the flip side the rudder could get very bad and maybe it just could cause more uncertainty in the market. It's potential but I think it's just going to be a factor that might not be priced into the market of the uncertainty that's going to come. I mean if this is a close election which it may be one way or the other there's going to be a lot of uncertainty coming up to that date. And I see there's some headwinds over the next year from that front. The other thing I said just in terms of politics it seems to me that Democrats because it's just a year to go maybe a month more than a year but they've got to whittle it down to at least two or three leaders and you've got to really get it down to two because there's really not much time. I agree and that's why I think Basley you're kind of right in the same point that it feels like it's further away because there's still so many Democrats that it doesn't feel like an election is so close but at some point I believe primaries maybe start in February we should get that but it's not that long and then you will have it whittle down and then the rhetoric will either improve or get better and I just am anticipating that being a little bit of uncertainty in the market one way or the other. So the market likes to climb a wall of worry we've seen even now this week it was a lot of worrying and the markets held very well but I'm fascinated because just two things if I can FXI which is the China this is the iShares China large cap ETF after everything that you've heard you would think that the ETF representing at least the very largest companies would be seeing lower prices and certainly taking out key support levels well last month we did just actually take out the low that was made back in October of 2018 but in the December low that we went to since then China's actually held quite well it doesn't rally like we have but it's holding quite well so that speaks to what you were saying just earlier on we'll finish this up right after the break that's perfect I want to we'll be right back folks Hi folks Tom O'Brien here if you'd like to get my daily newsletter of market insights then now is a great time to sign up for a 30 day free trial every morning by 9 30 I send out my 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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 Welcome back folks Tommy O'Brien with Basil Chapman this morning right now we got markets in positive territory S&P up about 11, NASDAQ up 49 Dow up 86 and Basil we just got the EIA inventory for natural gas I just want to pull up the chart for a moment and I actually don't even have the numbers yet but just to give a quick update natural gas looks like we just traded from about 259 to 256 so maybe a little bit of a bigger build in the natural gas than it was expecting but we'll check back when we get those numbers as well I've got natural gas it's got 2.5 which is a continuous contract the 14th period moving every support in the day but it just made a peak and it looks to me like it's in a little digestive phase right now had a really good move probably going to take a bit of a breather but it's certainly come way off the lows that was made right I mean everything really had a big August in terms of interest rates but natural gas as well and I mean you put it was that a yeah that monthly going back to when it was at $5 $4 that spiral yeah but look how quickly it gave it back so just to finish up what you were saying on China because I think it kind of jived with what Kevin Hinks was saying that what if are you prepared for you know if there is a trade deal if things pick back up because you know I say there's an election just to get the point across and I'm trying to make and make sure appropriately that it's not like bad things are going to happen that's going to spur the effort to have good things happen as well for it gives incentive yes well the two things one is it gives incentive for the US to make some kind of maybe a little bit of a compromise enough to say that we've got a win because you remember I like to think of Trump as the 51 percenter he likes to be able to say I won even if it's just a 1 percent win so maybe that's part of it but the other on the other hand China at this particular point has to they have to be playing the political game behind the scenes they have to be saying if we can wait this out maybe there'll be a change of change of government things they don't really know what they can do because it's a long time to keep this going for a year although we all know that China when it's spoken about China people talk about a lot of patients they have a lot of time they don't have deadlines but actually I think there are deadlines because there's a much greater middle class now and people are expecting more so I think that they don't have what they used to have as a regime they don't have that kind of leeway to say hey what we say goes I think there's more discontent in the populace that they can sense so on both sides we've got the opportunity here to have some kind of compromise we'll see but I agree because the way the chart is acting in the monthly certainly any breakdown from here would be very negative but holding even in this range means that you're not going to lower lows you're starting to form some kind of a base that says be careful because there could be some good news coming yes Basil I wanted to jump around if I could because Kevin said they were going to talk about some of the equities and I'd like to take a look at as yours as well how about Disney another company I mean they're down dramatically today and I'm not sure what that spike is initially in terms of being negative and it looks like they just fell from 137 to about 136 on the open so there's a very interesting that's going on with Disney and one of the things I've seen to subscribers I've shown the chart very often I say you know I just I don't understand the company because it's not the old Disney that we knew it wasn't that entertainment with theme parks and the Disney movies now it's a very complex company definitely and as a result you could see that the high that was made and I've got this in the chat we've been notation when you get to a D you start to look for the chance that you could turn down it doesn't mean say you have to but that's where very often you can see right here on the left side chart at 147.15 the all-time high on the 29th of July Disney made a top at that peak D and things and what I had shown subscribers is that there's a little mini what I call the Chapman Wave inside track repellent zone hit it three times one hit it twice from that previous peak D back in June and it went a little higher 147 but it took quite a hit down to the 131 level and now you can see it's kind of stuck this stuck says to me especially with what I've got an unusual peak G in the weekly chart and a potential off in the monthly it says to me there's a really good chance that Disney has had a spectacular move and that now there's a digestive phase and that we probably I'm thinking very seriously that there's what I call a hat trick top you can only get a hat trick top when the monthly chart looks like it's about to make a top you get the weekly chart must be ready but you have to start off with a shorter term which is the date well the date in the 29th made a reversal and a peak D that peak G as unusual as it you can see the middle chart shows the MACD the moving average conversions divergence very negative and the sarcastic is way down of 39% and you can see the pattern I call the H pattern to come down sharply you make a little arch and you start to roll over that's what I think we're looking at in Disney's weekly chart the monthly chart is still early because the MACD is still strong sarcastic so that 85% of 80% I like very much but that's how you go to a hat trick top that's what I was speaking about exactly a year ago when I was saying I think that the fang stocks are about to make hat trick tops which means that based on the daily weekly monthly the monthly's are finally going to sell off which means you're going to have time and price months before they come back again to all-time highs I've got a feeling Disney's in that degree and I don't know anything on the fundamentals I'm just looking at the chart and it seems to me that if Disney takes out 130 support in the next six weeks it's going to go not necessarily a lot lower but the upside is going to be very limited since we're talking about fang stocks could we jump to Netflix too because that was going to be my next question it's and you try and digest just what's happening in the market like you're going to have a wildly different company Disney's going to be streaming all their own content they're still going to have the movie release business making billions in theaters because they can't just deploy those movies right to their streaming service as Netflix does and then of course you have the parks and so forth but man they're basically going to be Netflix plus a lot more going on right they're going to have their own streaming platform completely and they're going to have the parks that it doesn't have and the rights to Mickey Mouse and so forth so you see that in the Netflix chart I think already and and Disney's more composite because you can get although you won't get some of the movies that you could get on Netflix Disney has the opportunity because there's a younger crowd and parents are looking at what they can safely show their kids in that regard they can't you have to think of them a little bit of separate companies but I'm also thinking of this as in the 1920s when you got the movies and then the movies changed very soon after that from black and white to color this is exactly and what happened was if you read about the artists the chaplain and the Marx brothers at that particular time when the movies came out those those non-talking actors kind of lost their job and the whole industry changed and all of a sudden you got this where you had huge orchestras for the movies we're in that same exact situation right now where the whole thing is broadened out they forced to have actors and new shows this is going to be very interesting it is going to be interesting and I see that Netflix chart we'll finish it up when we come back folks looking at Netflix looking at Disney and markets right now in the positive that's not going to be right back if you're in the cd market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. 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you know how you look at Disney as well on top of that so Netflix I've never quite understood Netflix why I ran up to 423 there's something I must be missing fundamentally I saw it as a take over the world Basil you didn't get the memo that's what it seemed like yeah but if you look at it very closely they were bumping to a lot of problems and even this last rally that came going into the most recent high of 385 it was interesting it made a double top a number of stocks made the same kind of doubles double top within a point of the left side high and then came down this one suggested there's a lot going on in Netflix technically that that I would not be surprised if it if it closes on any weekly basis underneath 280 okay there's a real good chance that it's going to test the low of January somewhere around the 256 live on if it has to go back to the low of December 267 but that age pattern it just looks I mean look at the way the MACD and the daily chart ran up so high the stochastic ran up and the price couldn't it just couldn't get out of its own way and even now it's down four points today at 286 it's having a problem and I appreciate you covering both the stocks the reason why I asked I just been thinking about it myself like Netflix versus Disney they're going to have a well with their streaming service Disney just kind of like you said if you have children especially let alone all the brands they have of Star Wars right that's not just children so they're going to have an adult population as well those movies will go to theaters first then they'll be I'm sure to Disney plus Netflix though they don't have those iconic brands or anything they're going to have a similar service without all that brand I really see a lot of strength in Disney when it just really has all those brands I absolutely agree I agree for a number of reasons technically on the chart that's why I agree but I think fundamentally as well as I understand it but even if you look at Apple Apple has something else and have so much cash this is if they get into the whole idea of movies and streaming in a serious way they've got the dollars to do it I think this is a great actor and a musician I just say that they're in it that was their first foray and this is one that they can't just dabble into and try to be into that I imagine that they're going to be fully in to being a content provider they will be very serious having all those platforms it'll be additive to their products and now since they've gone to the Microsoft model with you know so much leasing or getting a residual every month for all their products I this Apple chart is very good it looks like it's going to hold very well I was saying to Tom it might have even been during one of the breaks in our program just saying you know just like an Amazon that they don't even need to make money off of some of the things they do as in just to bring everybody into their ecosystem to sign up for Apple TV would be well worth it to keep them buying iPhones to keep them paying for everything in the iTunes store that they get a percentage of what they want. And I'm a fan of both I have an iPhone and I pay for Netflix right I have Amazon Prime as well which I don't use as much you get so many other value items out of Amazon Prime as well but then Basil I read an article yesterday which was really made me start to think about it is that Apple's coming into the room they're the giant in terms of how big they are I'm sure they've at least considered buying a company like Disney and I think the only thing that's potentially regulators that wouldn't allow two giants they're going to compete in the same arena but it's almost something where I and that's just another notch to Disney where I keep saying they're in the streaming business and Apple doesn't have that kind of brand for streaming Netflix doesn't have that kind of brand and Disney's going to offer it for what is it $7 a month and it's international I mean all of them international but Apple in a different way is international it's a product name it isn't just entertainment this is they encompass almost everything yeah so that'll be interesting to see how it plays out and of course where I'm in Florida you have Disneyland extraordinary down here and it's just amazing how expensive everything is folks if you want to hear they do 5k's they do 10k's all over the country right there for fun well if you go to the Disney one I think it's extraordinary how much they get away with charging on everything they do so they're going to keep the money very interesting natural gas jumping over Basil we got about 255 on that natural gas contract right now just continues the slide from about 264 that's talking 9 pennies in the last less than 3 hours and quite a run up maybe just giving itself a breather crude oil we saw a little spike maybe we could jump to crude and take a look Basil we talk about interesting symmetrical formations I thought of you this morning when I saw crude making almost a double 40 and then it kind of cascades down in a similar fashion all the way until the load around 10 am so this speaks to a number of things despite that we saw starting Sunday nights going into Monday morning and crude is just tutoring along in the 54s on Friday and the next thing you know it's up in the 62 and a half was in 63-14 area this is the continuous contract on the 16th next day it gives it all up that is the open the candle itself not from the low that was made on Friday but it makes an even lower low yesterday today trying to rally and it's not holding it's up 52 cents which is interesting because I don't know how many times you and I have been on and at the same time as we've looked at crude or maybe rallying natural gases pull back or natural gases running and crude they seem to go in opposite directions over to so it's up 52 cents but it seems to me that this is really speaking loud and clear which is one of the reasons why I think that the market got that idea that oh this is another one of those buying opportunities and because we've seen that if crude all it's still holding above the 55s is it 58 53 my my only concern here is if crude all holds 58s and very quietly starts to go to 60 and a half 61 and a half 62 and a half and then all of a sudden takes out the high that was made on Monday of 62 14 and if it I don't want to see it done in one day but if it does it very quietly that's going to say uh-oh keep your eye on crude all internationally things are not that cool right now not that cool indeed so yes this is no I just do because I agree in completely in terms of just even the amount of premium that maybe the market should price in there for a similar event to happen seems like it wouldn't make common sense to have potentially 5% of the world's oil supply shut down and it be a fairly small fairly and not and not that same day have the down down 375 points and there has to be down 40 and close at the lows and have absolute fear over the next entire week at least so coming back like this says hey we're so used to these momentary moments of climax or tension that resolve themselves so quickly maybe this is just another case in one of those they are going to get that oil 100% back online within no time so that's what the market may be taking for granted right now stay tuned folks, Bals and I are coming right back up we'll be finishing the show one more segment I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 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 TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools to provide great market calls to sign up today if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold, silver bonds the XAU, HUI GDX, the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of gold trades that are recommended within the gold report sign up today by visiting TFNN.com Since 1984 Basil 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 the computer software which included the standard market technical indicators enhanced the degree of accuracy in 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 Basil 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 Basil's daily trading newsletter by visiting the 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 market staying in positive territory dial up about 83 points NASDAQ up 58 S&Ps up 13 so I see you jumping around with a little bit of a little bit of a little bit of a little bit of something just further up level is a long long background to bubble down雪 13 so I see you jumping around to some of the indices basil, with the Dow up there currently What are you taking a look at, so a couple of things that I've been talking about is not exactly a week now that I've been saying, in I have a program that I had developed a long time ago. was a ton of resistance in the 26,800s to 6,900s, it went right through that. Next one is the 27,461, but the same thing occurred in the S&P. The S&P had automated all the way to 3,021, and here we are at 3,020. And what that does very often is it puts a hold, it puts a cap, and until the market or whatever we're looking at really bumps up against it sharply and tests it, it doesn't break through. But if it breaks through, that becomes very positive. So I'm going to see how the market holds right here if it's able to break out. But what I'll be talking about on my show at noon, my Tiger Technicians Hour, is the patterns that we're looking at, what is working and what is not. Why did the IWM have such a fantastic move, lead the way up, and then all of a sudden took the biggest hit on the way down? Is there something that's happening in the Russell 2000, are we rotating, are we about to go through, are we in the fact right now in the middle of a rotational process? And that's what I'm going to be talking about, what ETF sectors are working, what's not working. So it's going to be one of those where it's kind of nitty-gritty. I want to look at it and say, let's look at it purely technically, see what's happening.