 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now toll-free at 1-877-927-6648. Good morning everyone, Basil Chapman here on this Tuesday the 9th of April we're looking at the Dowdown 63 at 38,831. One of the reasons why we've remained short the Dow, long-term we've got those long positions we're not touching that at all but as a trading vehicle and there's no time on this as a short-term trade it could turn out to be longer term but we starting it off as a short-term trade. At 39,889 the Dow the 21st of March made an all-time high it pulled back and then it bounced and it went like 20 points below and I consider that to be the equivalent of a peak D so I have a technique that's called Chapman methodology we try to identify a buy signal that can get upgraded to a buy mode and when that buy mode is in place it should go to at least four higher peaks. Peak A is the first peak, P is the second, higher peak will be C and then a higher peak over that will be D. It can even go E, F and G. I've got techniques that say at D other things can happen but the most important thing right now is that that double top saw technicals that were fading and look at the MACD and the sarcastic but that nine-period moving average was absolutely determined to hold until it was the last Thursday we had the big smash to the downside of 500 points and that turned it the nine-period moving average peak. Now why do I make a big deal about this because this one technical indicator look at this from March from November the 3rd it's the nine-period moving average went positive and this one indicator kept the Dow in a buy mode right up until this very moment when it turned pink. I mean that's so it goes all the way to what date is that that's on the 20 on the 4th of April so you've gone from the 3rd of November to the 4th of April I mean that is that's amazing right and now it's turned pink so that to me says it's a signal it's a sign it's just yeah it's 30 stocks but they're very important stocks so let me do this I'm just going to see aha we've got Garo in Newport Beach California Garo how are you how are you sir? A little scratchy but otherwise good. Good, Mr. Basilev, if you have the time if you look at KOLD it's a reverse of boil or you know NG. Yes. I shorted that last night at the close of the market because the 60 minutes was showing bear and the daily chart was bear the daily chart has six dots at the very top today it dropped drastically here I have a question from you sir is by looking at the daily chart and the weekly chart do you think this will go down as 117 dollars and 32 cents which is at the high of the December 13 23 the high of the December 13 23 was 117 32 and if you look at the weekly chart that you will see that that price is right on the 21-day simple moving average I want to see that and but of course this is going to split this stock is going to split 2 to 1 on April of 11th I mean day after tomorrow this is going to split in half it's going to be around 60 dollars so this is another information I'll listen to you sir. So I also have a question for you so the UNG will also split it'll be a reverse split it'll be going from 15 to something bigger than that is that do you know? No UNG split for 1 to 4 reverse split on January the 24th. Oh no I'm sorry. Yeah 1 to 24 that's split now it's January the 24th yeah but no KOLD will split 2 to 1 on April the 11th. Okay so let's do this right now what we're looking at here is that for the very first time since it crossed positive KOLD which is the let me just give you the exact time this approach is ultra short there we go Bloomberg natural gas. Yes sir. So this is an ETN probably so it's at 133.18 it's down 557 so you went short last night so you were short in the 100 what 130 940 area? I shorted at 138.91. 138.91 okay and it's now at 133.10 so the 9.3 this is a this is a daily chart and the daily chart as only now seen the 9 period moving average crossed under the 14 period moving average so let me go to the 120 minute chart because your question is basically because it's under that left side low of four days ago how deep do I think that this can go and the answer is I was actually looking at UNG early very early this morning I can't remember this morning or last night and the UNG which is the this is the one to I guess I think it's one to one United States natural gas fund made a peak made a peak F pullback sharply and then had another higher high and it looks to be like this is actually a leg C so let me just put this in the notation yes that you know exactly what I'm talking about because this will be kind of the root of what we're looking at is where this goes that the other one is going to respond that's what we have to have the choice sorry to cut the short I'm so sorry my apology both boi L is the double of that if you want is the double yes it's a double and KOLD is the double reverse yes sir sorry to cut your short no that's good so now what I'm looking at I've got this as a leg C I could make an alternate count I don't need to I think the MACD is good sarcastic is getting close to 80% to 70% on balance volume is good the 9-period moving average for a few days now that's one of the things I was looking at I didn't do any notation here but I was looking at and thinking okay that's a good sign that you've got the 9-period moving average moving up in the UNG so now let's go back to the story so on the UNG the resistance that I'm looking at is in the daily chart the high that was made the little pop up and then it failed on the 12th of March and we know that failure has been the norm for UNG for a year and a half a long time every time you thought it was going to rally it just failed so this high of the 12th of March of that's at 8 let me get this exactly right 15 yeah 15.20 and today's high so far 16.08 is that correct am I right yes no 16 16.08 is the high that was made on the 12th so we've just tagged that so what you want to see I would base it on the UNG because that's you know where gas is going is where the ultra short will go in in deference to this the strength so so far it's a nice gap up and normally I don't have to tell you you've probably watched this almost every gap on the UNG just a couple of rare ones back in February failed and they closed the day at the low of the day so I'm going to get if you don't mind have you got time I'd like to just go to my 10-minute chart because this what happens over the next hour is going to be really important so if you can hold on we'll get there okay absolutely okay we'll be back with Garo and Newport Beach looking at we're looking at cold KRLT that's the inverse of natural gas down 25 S&P's up four we'll be right if you're looking for potential trading setups in the stock 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gold report newsletter now at tfnn.com tfnn has launched the 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 the tiger's den available to all tigers and tigeresses for just one dollar 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 toll free at 1-877-927-6648 internationally at 727-873-7618 hi folks we're back so gerald before i forget what i wanted to say earlier on and because i was so busy looking at the charts is that the commodities are running natural gas is in a different category altogether but if commodities run they kind of grab all the others and i think that natural gas is actually now it has i'm just saying it has the potential it was the first time i'm looking at it and saying this move that we've just seen over the last day or so um has the potential if ung is able to clear 1622 kind of get into the 1620s preferably today not tomorrow i'd like it to be today if it does that without taking out 1560 as key support i think you've got something that can actually last um let me just go back to this on the daily chart yeah i think it can actually last a couple of days and there's another you know you kind of get out of it and a certain point you just okay that's it and you're out but the way i'm looking at it if you want to take some money off take a little bit off now but i would have a trading stop on this because the way it's looking if it clears at 16 let's call it let's call it a 1612 area if we can get into the 16 high teens and then get into the 20s preferably today but maybe tomorrow then all of a sudden you're looking at a beautiful cup formation and that's the exact inverse of your your cold which is looking at i've got a cold right now but this is a difference with the k so and also the days young if this s lasts through tomorrow that'll be two days of the nine-period moving average going under it i think you've got some momentum to the downside and that means you a natural gas for the first time can actually extend its rally i hope that helps you yes you're absolutely right yeah i see that you and g the 50 day moving average is 1622 you're absolutely right even if it ends there he has a lot of work to do the fine day has to come and cross that 50 day if the five-day does not cross the 50 day this rally is going to end up very fast and this is going to roll down back again to 15 dollars which it just keeps doing all the time so i would just say to you um i'd have i'd have i do money management just like you do i at this particular point because it's had a very nice move it's giving you a nice profit i take a little bit off but at the same time the way it's acting with a and you've got your saw confirming you've got for me the nine-period moving average so far um it is in the daily in the 120-minute chart already quite established and now it's gone with a dreaded h so far it's gone under the left side low that's that pattern that we look at that says if in the arch formation it fails at a peak a or a b and takes out the left side low and then closes two bars underneath that left side low you can have a very sharp move to the downside you can have almost a one-to-one extension i don't know if that's the case here that's a little exaggerated but normally you'd see like a one-to-one of the arch high to the base and that's uh you know that's 147 and i wouldn't put it that far you want to go one step at a time even as we speak i'm sure someone's going to try to abide you and g but i i think the weight of evidence is saying that there's a chance that you and g this time breaks a little bit to the upside mostly because of the commodities hope that helps you yes sir yes you know i'm i'm i'm fine i'm i'm going to listen to you i made already four thousand dollars on that kod wow that's great and then i wait see that's what will happen and i go accordingly if i find any problem i call you tomorrow day after tomorrow by the time you very much for your knowledge and information have a night thank you for calling and usually have a great day and congratulations so so folks i just want my i wanted to talk about um so i just wanted to go through these quickly here so dowel kind of fading sort of coming back is only now it's 15 right now let me just have a cup of tea there we go um but the pattern itself you see this arch formation that's a repeat c1 and c2 what i was saying before i took a girl's call is that a c2 just underneath the previous c1 acts like a d and it can pull back very sharply and if you get c1 c2 c3 because it just keeps making slightly lower highs that says you're kind of using up your downside power and you're probably going to make a big spike to a d and then come back down again but that's not the case here what is the case is that the mac d is very weak in the dowel the stochastic is down to 21 percent i suspect that we're going to go to the the single digits at some point i'm not going to say soon but i think in fairly short order there's a chance that we can do that that'll be a big deal so i wanted to go through this just to show you how i'm looking at the market s and p holding well but kind of running out of steam have a look at this chart on the left you see this up channel i took it out of the dowel because i just but that's already gone through but in this case this is still an active channel it's a look it's right in the channel it's holding very well so as long as it's holding that's fine but my eye says that the technicals are starting to fail in the dating that's the mac d the red to strength the gray line let me have another tea i hope i don't lose my voice uh huh good and the 120 minute chart you can see just stuck in a sideways range excuse me and i'm coughing and the pink night period moving average is still pink it's not switching to green so it just says be a little careful the qqq i don't want to do this through the whole show so let's hope i can stop that right now made a higher 449.34 about three three four weeks ago three weeks ago and the peak d in the weekly chart and all the technicals that count in the weekly chart are saying with that nine period moving average so high above the 14 it's going to be a whole process or a downside sudden smash that gets that green nine period moving average to go pink so that's all very positive even though it's at a peak d in peak d's where other things can happen it's only a leg b in the monthly chart so that's the qqq looking out for very strong short-term start to show a little bit of deterioration but that nine period moving average now when you just go to this chart right here because this is you've got to see it for real look qqq look how the price is going up but the nine period moving average is pink but very narrow it means that look you can see it it could flip to green very quickly if the 441 85 right now changes to 440 what's the height today 443.24 if it goes to 444 by tomorrow this time let's make it after the fed speed let's say 2 30 tomorrow afternoon if the qqqs up in the 446 447 area that's a good sign but if they're down the 437s that pink is going to move and you're going to forget that IWM the Russell 2000 which is holding okay right now up 85 cents so here it is that green is getting so close to the nine period moving average turning pink it's just but it's done it before and then he had a big move up but it's also using up too much time sideways so that's the reason why I'm saying to subscribers we're watching this very closely I'm anticipating that we're going to add to the Dow short position to to other indices or other stocks in fact there are a couple of stocks that I'm looking at that are starting to show deterioration so I'm I'm quite ready to and on the short term to look for some downside action I'll be back in a moment down to 10 if you spend any time online researching trading techniques on how to begin your trading journey you've no doubt come across many folks who push forex trading as a way to make big money quickly unfortunately there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market this is what sets teddy kek stacks the tiger forex report off the riffraff every monday former chicago mercantile exchange member and author teddy kek stat releases his tiger forex report newsletter where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading furthermore all subscribers receive access to archive live streams of teddies where he provides university level education to help you in forex trading all first-time subscribers receive a 30-day money back guarantee so what are you waiting for forex awaits many trading newsletters attempt to focus on a narrowsef equities or commodities while this works for some it oftentimes misses many opportunities that possess huge gain potential but how is an independent trader supposed to scan the entire market looking for these hidden opportunities one simple answer the opening call newsletter basil chatman developer of the chatman wave trading methodology has been trading the markets for longer than most trading influencers have been alive and over that time he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more basil is old school taking the time to educate the trader while also giving his insights into key indices selective stocks and more opening call subscribers also receive access to dozens of educational live streams that can be 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newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better join us and experience the difference today tfnn educating investors this portion of the tiger technicians hour is brought to you by directions daily leveraged and inverse ETFs whether you're a bull or a bear you choose the direction visit direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment objective risk charges and expenses contained in the prospectus available at direction.com read carefully distributor foresight fund services LLC hi folks we're back so you're looking at the SMH is the semiconductor index down to $1.82 221.36 on the daily chart right here you see this this on balance volume has given a couple of clues to turning down almost at the exact highs and then and then at the low gives a nice balance but that's not the issue the issue is you see how big and red it was look if you're just a moment ago an hour ago it was green up at the top and now you've got the the candle big red candle makes a high of 225.95 trading right now 221.22 I suspect that this is going to turn pink and that means that the that the nine-period moving average is giving its first look at this I mean it's hard to believe since a two-day or one-day reversal back in January the fifth and sixth fifth and eighth there was a weekend Monday a Friday Monday that's the only time it's gone pink since it turned up that was about the sixth I think yep the sixth of November so look at the nice spacing between the two and this one's gone on for much longer and you start to make lower highs and lower lows I'm kind of I I'm looking at this and I'm suggesting to you that the the act of uh let's see the the semiconductors lead markets up and down they are the chip sector and chips are the oil of the 21st century the crude oil that is but look at this Nvidia has gone pink this is the first time uh it's gone pink since it went green back on the 13th of December so I'm I'm respecting this and I'm saying that I believe that we're in the process of making some kind of a top I don't know yet what it is I mean if I look at some of the charts look every time you look at gold you think oh I mean come on really it's got to turn down it's got to give you an opportunity to do something well look at this it's up $30 a $2,381 so you don't always get signals to comport with your with your uh anticipation your your own thinking because the price is the price it doesn't know what you're thinking it just does what it has to do so if you look at the SMH's you go one by one lost that I went through I mean once micro devices the AMD it's been pink that means it's been in cell mode for quite a while it had a 227 all-time high um and that immediately was followed with the round number 205 now I talk about round numbers look at this the Nvidia had a round number all-time high of 974.00 you know I I've spoken about this and I said I although I don't I've never seen this I've never maybe I've seen it but I've never calculated the numbers of round numbers that I've seen uh this is the the vast number it's just I I've got them written all over I don't want to go through the wall but all what I do want to say is I believe that it is hysterical buying it's fear of missing out I mean why would you just say I'm going to buy this at just give it to me at at uh 1,000 what was that one uh mstr give it to me at 1,999.99 it was the round number 2,000 by one penny but that very day that uh micro strategy made its all-time high a leg deep oh cough cough cough in the daily so in the monthly a peak f it was became a peak f in the weekly chart that peak D on the uh beginning of April had the same day it had opens at 1953.00 it had a 1999.99 and how unusual is that all-time high but that same day it closed at 1942.00 as a round number low and is trading right now at 14.01 I this to me is it's really important and that's why I'm saying I'm just we're being careful we have actually added to the long position today but it's in the financial sector and I think the financial sectors especially one part of the financial sector I think has the chance to be uh kind of the underdog that just kind of holds I don't know yet we'll see we've tried it before we're going to try it again and that's the way I'm looking at it so just now I need to finish some other things that I had caused about it was also about Tesla I think that Tesla trading right now up 3.88 at 176.95 I would never rule out Tesla as a formidable force that has the capacity to do a lot of things that has nothing to do with the actual automobile itself that has to do with energy batteries a whole thing but on a purely chart basis if at any point in the next week it closes under 165 it's at 176 right now that's 11 points away but if it closes under 175 I would not be surprised to see a one-to-one to the downside of the move that was just under it said it's called 184 to 161 so about a 20 point so that says 175 yeah you could move to the 155 area quite quickly and if you're looking at the weekly chart this little cluster every other week looks like oh that's good oh that's bad oh that's good but it's just stuck in a range right 185 to the 160 area it's just stuck and the monthly chart night and all of them have nine period moving averages that a week the daily one is trying its best to turn green but it hasn't yet but if you're looking at the MACD and the stochastic they are way under the on balance volume so I think Tesla although there could be these sudden surprises a bit of news or whatever it is the trajectory that I have is that it's making lower lows and lower highs but it could start to form how it handles between 160 and 157 I'd actually say is going to be really important over the next three to four weeks and I think it's going to be challenging that level so that was a question what do I see for the upside on a short-term basis if whatever is as I say this is a company that always comes under a sudden news if it grows over 180 closes over 187 I think that's slightly different in timing it means you could stall for a while before you come back down but that 200-period moving average of 198 in the weekly chart has been such a formidable repellent zone and it hasn't even got close to it hasn't even crossed the pink nine-period moving average of 180 so I think it's a work that it's a it's a chart pattern that says probably just going to be making lower highs and low lows for a little while longer all right next question came in let me just see if it is here yeah boy this two times natural gas we're not looking at that Bowser can you look at RTX oh I didn't skip anything but this is from Tyga YouTube yeah RTX is um this is Raytheon and Raytheon is the defense sector it just made a high uh normally one time high but made a high yesterday in 102 area 102.20 second straight down the dollar right now at 100 this is a very good control I'll be back in a moment gold report as a precious metal gold is still king it continues to hold the most effective safe haven and 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 Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com the stock market is a delicate interconnecting web of commodities equities and trader psychology when one string of the web is pulled it has a ripple effect across the broader market this is where opportunity lies but how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities luckily you don't have to worry about that as Tom O'Brien has brought all important market news to you in one single newsletter market insights market insights provides a daily overview of what's happening in the indexes bonds gold and more follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right all first-time subscribers receive a 30-day money back guarantee so what 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services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Hi folks we're back and I had a question about galaxy digital it's BRPHF trading at 9.7827 down 2.05 trades of those extra numbers because I guess it goes as an over the counter stock it's just making it making a peak D today it made a peak E before then it pulled back in the daily chart from the just over 11 to the nine-ish area and now it's just popped up to 12 and yesterday and today it's down at 9.78 I think it's going to test the lines this is the cup formation the right side is a little bit weaker than the left let me show you the technique that I use look at that that late April February high and then the high yesterday look the MACD was much weaker the on balance volume very weak the stochastic try to get to 80% and then failed is pulling back it was way way stronger there and the 9 period moving average was very strong now the 9 period moving average is still very good so I'm not going to I'm not going to dismiss that what I am going to say is that the parallel move of the green and the black lines in the same trajectory down whereas if the black the 14 period moving average was holding steady sideways just horizontal but it's not it's pulling back tells me that there's a good chance that nine is going to be tested but it's a leg F repelled at the 200 period moving average in the weekly chart it hasn't even touched that level since way back in 2022 right about April or May it went to the what is that probably about 17 or so before it tumbled down so as it stands right now this is a the fourth or fifth test of the 200 period moving average it should come back to test that at some point but right now needs to pull back and you can see 9.23 is the 14 period exponential moving average support level it's not actually been there since it broke upside on the 9th the week of the 9th of February and that was from 8.6.75 up into the 9s so I think it's coming back digesting some gains hope that helps you next question is a volatility index the VIX index right now I don't like it when the VIX index spirals higher just a day after some of the markets are making highs well some of them have been pulling back that SMH has been pulling back for a month so right now down to 81 the SMB is down 34 you got a big green candle now I always put the chapwave notation in the VIX index but it is meaningless I just do it because my eyes says you just better do it but in fact it doesn't mean anything it just I look at price more than anything else and it's interesting that so far we've had a number of ease and these but as I say that's not the most important thing that doesn't mean to say this is a peak C there's a guarantee you're going to go to a D in the volatility index it does happen but that's not the methodology that I use this is the only index that I just say forget about the chapwave notation although put it in what's really important is that the velocity to the downside and this is what I thought we get maybe tomorrow the fact that it's happening today means that if you're down let's just let's just say for imagination just here we go at the end of the day the Dow is actually where it is right now down 264 SMB is down 32 and then tomorrow there's really good news what you've got to make up almost 300 points in the Dow so getting the exact turn is really nice when you can do it fortunately for us with it with the Dow we've we've had this position for a while and we've had a lot of leeway because we timed it fairly well however within the context of getting into different short areas right now you have the risk that they could be I mean let me just do this so the volatility index holding at 16.46 if it holds over 16 for the rest of the day I think the selling pressure will remain not sure about the close yet the higher the VIX goes the greater the chances are they will get a much sharper decline at the end of the day but look at this the TLT is up 73 cents at 92.11 it made this arch formation let me just draw this in right now right here 92.01 was the loss was the low of February getting scratchy just a minute oh did I have been finished the art of the Raytheon I don't think I even finished it so it's a nice little bounce this little cluster formation in the yields by in the TLT you'll see the same thing in the yields look so here we are made a peak E in the ultra short Lehman 20 a treasury bond ETF but here's the issue the issue is that it is holding quite firmly over there the ninth over the 14 the MACD is good the stochastics is 79 almost 80 percent the blue unbalanced volume is good so it's going to be what the Fed says and what the Fed does and I don't see that the Fed can really talk about that I don't think they even want to mention the word lower rates that rather be looking at what we're looking at we're looking at data and so far this and so far that so it seems to me and now you've got the commodities going higher you've got gold still up sharply up how much 14 coming back a little bit I wouldn't be surprised if gold is just getting ready for a little bit of a pullback and it's easy to say you could say that every single day and be wrong but it is in late D these where other things can happen and D in the daily and D in the weekly and D in B in the monthly but look at silver silver popped in 28 to 44 it's a 2797 right now let me just check what kind of candle we're getting right there yeah okay a little skinny candle we'll see what happens at the end of the day it looks I mean visually it looks overboard right the unbalanced volume is extremely overboard if buying keeps coming in we're going to see good support in the 26 to 25 area so we're looking at that so this is what I'm saying fcx just screamed even higher today it went there you remember the other day I said Freeport McMorrin made a peak g-c and I suspected well almost all of these that do the Chapman with instant restart eventually go from g-c to a D and then you've got to be careful well lo and behold there's your g-c oops sorry I didn't mean to do that this is the one I meant to do right there there's the inside all right okay okay at D so now you've got an instant restart that means E-A F-B and I type in g-c I said the rule now is always say g-c when you get to a G and there's your D and that makes it a little bit vulnerable right now Freeport McMorrin fantastic all the time high well we'll see because it made a peak right here back in May of 2022 a high of 4141 and today's high well let me just say with a high of 4141 if you're trading at 50 right now having hit 52.03 you're definitely making it all time high so that finally gets you to D even though this is peak APB um yep this is not just a C that's that's C gets weak uh it inaugurated comes right back again and now that becomes your D you always want to be ahead of the game with the chaff and wave notations and there it is so as it stands right now I think the Fed is at a tough time I've got a break coming up I need it get my T already I'll be back in a few moments that was done again are you ready to take charge of your financial future TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services 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investor you were born to be tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv that's a question came about the signals that i had earlier on in the uh one minute five minutes and ten minutes uh e-mini chart sb yuppie gave you a peak deal right at the high of 52 74 i think it was 25 maybe right there pulls back very sharply that was a peak g and i put in the arch formation with the test of the 200 period moving average which it did and now it's way below it same thing at a peak d in the five ten minute chart so that yeah that's yeah that's a nice turn around but the most important thing what we're looking at you as we wrap up i want to just show you this look the smh's and to me it's absolutely key smh's are really kind of the the bell weather these are the guys this is the one they call that the the the ship that the icebreaker right so if in fact the semis start to pull back and you get by tomorrow the next day that nine period moving average turning down and look you've already got it i mentioned that i showed it just now in video with a round number high here it is down sharpie down 40 points i think we've got something going on here that is a little bit of a surprise to the people that uh i'm considering that this is a bull market that will have no pullbacks and just keep going to higher highs i think this is a breather a very important breather so they just get that out the way the other thing is look at how what happens now with the tlt is going to be very important because it looks to me like just from the chart formation i think the yields are going to have a tough time really going much lower they might just stabilize sideways but this is going to be very important so what happens tomorrow at 2 30 or 3 o'clock is going to be very important for economic news related things as well as just purely technical chart patterns so the upside i think is kind of limited just at this particular point you've got to be careful so as i say we did add something today but we've done it in a very specific way we're raising raising stops on on the long positions um be careful that's all simple just be careful don't go crazy just be careful have a wonderful rest of the day i'll be back with tom over the later on thank you for the great programming see you in my