 indicating investors. 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. One Basil Chapman here. A little technical problem. I hope everything's working. That's $535. That's $74,987. I'm going to use one hand here. Give me a second here. The S&P at this particular point is $19 at $4517. Very strong leg B. QQQ and the X100. Also leg B in the day chart. $376 up $1.69. IWM. The Russell 2000 strong leg A. The Dow we said was in a leg A. We've got the gold now. This is going to be fascinating, especially today. Of course, you've got Tom O'Brien's webinar coming up on the gold, on his gold newsletter. And we're looking at right at the 200-period exponential moving average up 9.7 at 1974. So there are a couple of things we'll do right here because it's really important with this breakout in gold. We're looking at the possibility that you've got a little sweet spot here where you've got potentially, and I'll go to the bonds right now, where the bond, the yields are starting to come down a little bit. I say a little bit because we've been here, we're not even where we were two weeks ago. So there's a nice bounce going on. Have to treat it as a bounce because the weight of evidence of that weekly chart, the right part of the arch formation coming down. Says the MacDee's week, the cast is only at 15%, the 90s way under the 14th. I have to say that yields, the story is not finished there. Now let's go to Solver. And this is going to be fascinating because Solver was leading gold. And then gold usually catches up. Then as the two of them kind of coordinate coming to new recovery high, that's where you get some kind of a pullback first in silver and then in gold. We'll see if that happens now, but so far this is really good. Look at this one-to-one Chapmanee folding ax formation from that peak D high made in the GD. This is a silver chart way back on the 26th, on the 20th of July, comes down with almost a one-to-one left side, right side price, time match. It holds nicely. Has a big spike up, breaks that trend line, the folding ax trend line. That's just a declining cone. And then there's a potential one-to-one to the upside. And that says that a test of that previous high close to the 2561 level is where the measurement comes in, but the actual high was 2582. So what we're looking at here is that the MACD is strong. The 90s way over the 14th price is holding well. Stochastic spread at 92%. I still like Solver very much. We're looking at crude oil. Crude oil has also held very nicely in this cup formation. It did go to a cell mode. Now it's kind of right in between everything because it's had the 9p moving air which has crossed positive again. And that just says, don't rule me out. I've still got some strength here, even though the technicals are weakening. But most importantly, the price is the arbiter of the trend. The price is we've got a bit of a cup formation here trying to get back to the previous high. I'm not sure if it will, looking at high grade copper. That's kind of a benchmark of certain things. It's just kind of up a fraction at 3.84. And now we're going to look at, I'm going to do this again, TLT. So this is the bond. So if, in fact, we're going to have, if the load that we made in the S&P and the Dow, just the other day, let me go to the S&P because that's the border index, in the S&P back on August the, was that the 18th? Yeah, August the 18th at 4335.31 is V low and not A low. Then what we need to see is any pullback holds very well halfway into this big marabosa candle that we had yesterday. 4465, let's call it 45, 4465. That's kind of the midpoint that I'd be looking at over the next, going to the first week of September. That's not, this is the partial week coming up, but the first week is the real, full week is next week. So we'll see because if this holds very well, excuse me, with all the things that are going on right now with the VIX index, the IX.X, there we go. Pulling back so sharply under 15 is at 14.13. If you look at the week here, look how many red candles have been here with a couple of greens and the volatility index. If you look at the weekly chart, sorry, if you look at the monthly chart, this horizontal line that I drew in that goes back forever is at 14. And we're right now at 14.12. So what it's saying is that there is something coming into the VIX index and buying coming into the market. How it holds is going to be really important. And just as we were about to wrap up the segment, let me just update this chart. So it was interesting. I did that way, way back. I can't even remember, but it was maybe even three weeks ago. It could even be more than that. I drew in this horizontal line. I said 45.30 is going to be a number that we've just got to keep in mind. It's a horizontal level. Fund managers or these futures and hedge funds are going to be looking at that level because it's representative of a particular point that started the resistance and then we broke down from that level. Now we're coming back to it. How we deal with this level at 40 on the S&P E-mini, 45.30 is going to be very important. We're making the confirmation to test it. How we come out of this into the 10.20 to 10.40 a.m. time frame this morning is going to be very important. So far, a lot of very good positives. Now, I just wanted to show you as we're coming into this section here. Look, you've got weak. This is going to the grains. The grains are fading. Look, this dreaded H pattern in the weekly is taking out the left side low. So there is some deflationary aspect that we've got to consider. Look at the soybeans. Soybeans running nicely. This is the one that's actually acting quite well. It's in the legs. There's a pink C right now in the daily chart making this cup formation. The technicals are good at 13.80, 18.9. It should attempt to get to the 14.10 area and then we'll have to see what happens. Talking about the grains, look at the corn. Corn is trading. This is like wheat is down in the lower area. And I'm going to say we're going to be watching this closely because if there is a deflationary aspect in the DBA, which is the agricultural fund which we've had for years now, it's kind of stalling. It's had a really good balance, but it hasn't broken down, but it also includes sugar. So let me go to the sugar contract here. Sugar contract is holding really well. Going back to peak C1, C2, C3, even a C4 in the weekly chart, so sugar is in the DBA. That's what's holding very, very well. So I'm going to just see here. I want to check. I don't want to overdo this because I'm doing this on telephone, and I'll have to try to find my microphone in a moment. It's actually the earphone that I've got here. So, okay, I've got another couple of seconds to the break. Let's do this as we're going to go to the break. I want you to look at the SMHs. That's the semiconductor index. Remember, I like to think that where the semis go, the market goes, someone's running very nicely. It's in the mid-range. But I think that, in fact, it's telling us that not everything is 100% right now. I'll be back in a minute. Basel Chapman does up 126. That'll be the 23. We'll be right back. 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 Basel 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. 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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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. 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 $1 for the year. There's no cash 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. Free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks. We're back, Basel Chapman, and let's go through this. Look, here's your peak G in a one-minute chart. What was the high? 45-30. What were we looking for? 45-30.00 was the exact high. That's that trend line, and now we're pulling back. Is this a turn in the chart formation for the day? I don't know, but it's a big E. It's going to be a peak E in the five-minute chart right here. Let's go to that. There's your E. This is exciting. And now this is only up 94.00. It's going to be up 16.00. If there is going to be a change, and I show this to my subscribers, it's how the market acts after 1.30 this afternoon. If at any point the Dow actually goes negative, that'll suggest that this was really just a one-off rally, and there's still to be a digestive phase. If, in fact, we come back and we close very sharply, and then tomorrow will be the end of the month. Tomorrow's the Wednesday. Wednesday, Thursday, 31st. How we come into Friday is going to be very important, at least for me, for the information that I want. We are still short the Dow from the exact time August 1st. We're still short the SMHs from a day and a half after their top. And I don't yet have evidence that this is a sustainable. Not that it isn't a really good, a fabulous actually bounce, more than a bounce maybe, but I don't have the evidence yet that this is something that I have to say is below, and now it's up, up and away. And there are a couple of reasons that I'm saying that. I would expect that in this particular phase, if there's going to be a major move to the upside, that you would actually get the, you would start to see that the whole AI area and the battery, you'd start to see some kind of speculation attempt, but we're not even seeing that just yet. And that just says to me, Jimmy, congratulations. Shorted 45-26. I'm not saying that's perfect. I'm just saying that was really a good turnaround. Look at those two doji candles and then a big red candle, and I was on the air, and I had all my hands full and said, I was going to grab a short right there. As it turned pink, there would have been a 45-34. Well, as a 34, would that have been a 34? So 25-24. So in the meantime, back at the ranch, you've got a peak G in the one-minute chart. You've got a peak E in the chaplain wave in the five-minute chart. You've got a leg D, and if this bar, this 10-minute bar concludes, it's going to go to a peak D. But here, the 9 and 14-period moving averages are still very strong both in the five minutes and 10 minutes, so it's a work in progress. Now, talking about that, I had a couple of things go on that I want you to talk about, I wrote them down. So NSC, NSC is, there we go, NSC is Norfolk Southern. So Norfolk Southern, one of the great rail companies at various times, and then out of favor at other times, has been out of favor since that exact double top at about 237, I'll give you the exact number, on the 20th of July, 238.83 was a high. 239.00, ah, ah, ah, let me just do that again. 238.30, is that an 83 or 33? 83, and then on the 24th, it goes to 239.00, a round number, high. Wow, 239.00, round. Oops, make it a lower case. Round number, high. Talk to me with one hand. And we plummet down to the dreaded H that goes to a lower case, H pattern at 209.00 right now. And there are a whole bunch of reasons why I'm saying, I don't think we're ready for prime time at this particular moment. I do believe we're going to see it, but I don't think we quite finished the whole digestive phase that we were looking at before. And yeah, let's go to this. I want you to see if the dollar, I didn't, did I do the dollar? Maybe I forgot. So the dollar is down sharp, it's down 44, it takes that 103. It made this top of this G slash C. Now what's really important to me is that the UUP, the dollar's the key, UUP is merely the, the trading vehicle for Power Shares DB US dollar bull made it a double top right here in leg D. So let me explain. Remember I was talking about the falling exclamation, the one to one to the upside, that was the silver chart. Look at this. The move in the UUP, basically the dollar, right? This would be a long since 2018. And the spectacular move going up stores right at this trend line, Chapman Wave falling acts resistance. I usually put in a double line here just to show you that there could be a inside track repellent zone. And so there was a pullback sharply and within three bars into the Chapman Wave instant restart sneeze coming. That way I was able to block it. Good. And from below of that, I drew in a green line, a parallel, it's called Chapman Wave parallel extension that comes from the falling exclamation. And you should see a whole thing about this is that it goes in a parallel movement to the upside, in this case, or the downside, in the same angle, almost the same number of bars. And that's where you've got to monitor it because at the end of it, in this case it was at 29.09 and the high before was 29, 28.32. So here we are. This is the turnaround. But here, look at that nine period moving average, still way above the 14. That just says the dollar might pull back. But until this thing crosses negative, I'll have to go to this particular chart. I thought I was going to avoid it. That time was up. We were finished with this all together. You can see the gold just today. I don't know if it's going to hold, but so far the nine has flipped that to positive. That's a good sign. But look at the dollar. Whoops, look at the dollar. DXY. Look at the price. How sharply, but it's done that before. Look, it did it right here. It went way underneath and it took quite a while before the nine period moving average crossed negative. In the Dow chart, INDU, look at this. The Dow made its high right there. That's August the first we were in short. But it took all the way until August the 16th to cross negative. And even now it's gone above, but that pink nine period moving average is saying to me, believe in your system. And when your system changes, then you can change. And all I can say is I have to stay with us. And that's the reason why in the SMHs, even though there was a fabulous move yesterday, and it actually went positive, I have to say that I need to see a fulfillment of a number of things before I can be convinced to take off our short position. Yeah, trading position, we've tried to have a very short term moves to the upside. We've even got a position today that if the Dow pulls back, well, basically if that index pulls back to a certain level, we might take a trading with a very tight stuff, take a trading long for about. I'll be right back. Dow's down one. SMP's up 72 cents. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. 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Baselchaff is always down 20, and the SMB is up 2. Wow, that was a quick sell program. I think it looks to me, I don't know if it's news related. It certainly looked like it's safer. This is just a sell program. You can see some kind of a balance coming back here for people to get back in line. I want you to say one of the techniques I discussed in my webinar, and that was last week, and the webinar is up for those who want to archive it, is that I want you to show in that how often and how important 200-period moving averages are. You don't have to do anything with it. You just have it sitting there. Look at this. 200-period moving average became this incredible cushion between four o'clock yesterday and overnight. It was at four o'clock this morning when it lifted off. You can even go right to there at about 7.30. Where did it come back? Where did the price go to? Even though we hit round number 4530.00, we can't even see. You remember, I said keep trend lines and things in place and let them just, as you're approaching, so you'll see the sign three-quarters of a mile to Oak Street, or whatever it is. Right? So you now, on my chart, the one minute, you can't even see that 4530 line. Why? Because we wait under it. But what do you see? When you were at 4530, did you even think about the 200-period moving average at 45.03? No! You didn't need to. Ha! Look how that became an incredible support. So I always love to put these, it's so easy in your software program. You just put it in. You just have it there. When you need it, and now look for the first time, it's a five-minute chart. I can't talk about it as if it's done. I can just say, look, there's an S. That means that the nine-period moving average is attempting to go below the 14-period moving average. Isn't that interesting? All right. Enough with that. Had a bunch of questions. Let me get to that. So the first question was FCX. FCX is, this is the Freeport-Bagmoron ink copper. It has other minerals as well. So it makes a peak F-top at about in the 44s, plummets down under the 200-period moving average, turns around as a nice spike. And what does it do? It still is right at the 50-period moving average. But the technicals have improved enough for me to say that perhaps we were starting to form a pretty decent base between the 38s, that's at the 200-period moving average, and the 3750 area. And 37s is where the low was back on the 6th of July, 37.91, 37.20, sorry. And that just says to me that copper is kind of in play, but it's really having a big digestive phase. So the question was, do I see it running back? All I can say is that the weekly chart is still very weak, even though it's green. And if Freeport-Bagmoron starts to trade under, for 2 out of 3 sessions, trades under 38.70, there's a real good chance of that 9-period moving average will turn negative. As it stands right now, it says there's a motor commode strength in the weekly chart. The monthly chart is holding pretty well, not great. The second question I had was, could you look at CDEs? CDEs are silver stock. You see, this is what I'm saying when I talk about the bifurcation, even within a sector, how it could look fantastic, but in fact you've got just 2 or 3 stocks within that sector doing well, and the rest are really just not following CDEs in that category. As a silver stock, Kurt Alene, I know what's called that, it's called core mining. I think it's okay, but this is not one that I would put, start a position in the silver area. I think I'd rather go with something that's already shown that it's working. To me that's much more important. Next question came in, so hold off on CDEs, rather find another one. Now there's, let me just do this. Yes, so I just wanted to point out because another question came in about UNG, that's the natural gas. So my opinion is being for quite some time that as a trade, I don't see it doing very much just yet. As a position play, looking out towards the end of September, beginning of October, I see a rally in natural gas, United States natural gas fund, but I think you have to have patience and I personally would rather, I haven't done it myself, I might be doing it for my subscribers, I don't know yet. I would rather be looking at, since it's trading at $703, I don't know what the options prices are, I suspect that if you're looking at September, the third week of September, that would be the 15th of September. And here we are, now I'd much rather go out to October. I'd pay a little bit more, go out to October, a monthly one, the 20th of October. Then I'd be looking at the seven and even if it's up at about $1.40, which is really very expensive, but let's just say it's there, I'd prefer to hold up and see if you can get it at $1.20, the seven strike, September, October. And I would just sit with it, I say, you know, I don't care what you do, but when it gets to the 14th, now let's make it the 18th of October, I want you to be well in the money. I don't care what you do until then, but when you get in well in the money, it means that it has to be at eight points, say 50 or 860 to be in the money, and maybe even higher, it'll have to certainly be up in that gap area. Well, actually it has to break to a new recovery high for you to be making money. That's above 808, which is the high of the 9th of August. But if you could get it under a dollar at any point in the next week, then I think you've got yourself something. So yeah, Bob, that's the only way I would look at it right now. As a position player, if you're just prepared to hold it and say, look, how can United States natural gas fund not be back at $7.03 at some point? And I'd say, look, that sideways range in the weekly chart, going sideways in a long rectangle formation, says that particular, the whole series of moving averages, the 9th and the 14th, just suggests very strongly that you should be able to touch it, you were able to get your money back at least. So that's the way I'm looking at it kind of conservatively. The next question was uranium, U-U-U. U-U-U-U. Yeah, that's doing very nicely. But do you remember, we had discussed this energy, the question came in about a week or two ago, would you like U-U-U, which is your energy fuels ink or UEC, and I said we are in UEC as a position, trying to have it as a longer term position. We've run in the 360 degrees at 439, and my target was 430 at the left side high of the week and the third of Feb. And I didn't expect it actually to do that, but today I think it was parallel high. I wonder if it was, because otherwise you'd make me an F, parallel high. So this is F slash C, very good testicles, Machines flat, the Machines are very strong, 94 to 10 fabulous, I'm going to say this one is getting a little bit top, fabulous action. No, I prefer UEC, I have preferred in this position. Downs down to 360 degrees at 4, we'll be right back, take our technicians out, check them open at 430, use them. With rising inflation, rocketing interest rates, volatile dollar, and uncertain market, there's an asset that all traders flock back to gold. However, these are regular times also mean a regular gold market, which presents its own unique challenges. Next up the question, what moves the gold market? This is a question I'll be answering in my next live webinar. On August 30th, from 4pm to 5pm, I'll be hosting a live free webinar for all those who's subscribed to my newsletter, the Gold Report. The Gold Report has been in publication for over two decades, and I've seen just about every market gold has been traded in. This experience lends me great insight when trading gold and other mining equities, and now that insight can be ours. On August 30th, I will deep dive into gold, bonds, and the dollar, where they are now, how they affect each other, and what to look for when looking to set up a trade. Additionally, I will provide a comprehensive breakdown of the XAU, HUI, and GDX, as well as cover individual gold equities and answer questions live on the air. Subscribe to the Gold Report today so you don't miss this rare moment gold. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The 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, 4-Side Fund 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. So, down down 17, S&Ps up 6. So, what we're looking at here is Glaucus Corporation of Filmic Technology. Trading at GKOS is a symbol trading at 76.11, of 50 cents. So, Ron, what's the question? I took a small position in GKOS a little while back. I'm wondering if it's time to add to things. So, Ron, this is what I would do. I love this kind of pattern, but at a certain point, and now the point is that in this kind of lopsided cup formation, now speed is of the essence, because if it goes sideways a little longer, basically it'll say that 73 is going to be tested, and if it's taken out, then the weekly source to dissipate the strength of the weekly, but the weekly so far is really good. So, this is what I'm going to suggest to you. You took a little position. I wouldn't add to that position yet. It does look like it's making a cup formation, and the high that was made at 80 when we won, 80.28 on the 19th of July. It looks like that wants to be tested if the MACD, which is just today turning positive, Stochastic's running nicely at 64%, unbalanced volume is running. It's not great. Rental strength is actually improving. Nine is put to positive. I'm not going to say market conditions. This looks very much like it's in its own trajectory, and as I see it, I'll tell me technology. I'll throw that in. This is a gray-legged bee that we're looking at right now. I wouldn't add to it, but why didn't you and I look at this? I actually notated this a while back, because I think it was in investors' business today. Where's a pen? Where's a pen? I've got everything else. There it is. So I'm going to make a note of it, and today is Wednesday. I'll look at it. I mean, let's look at it again Friday, because if by Friday, today's up 50% percent. If by Friday it's nicely above the high that was made on the 16th of 7616, today it's already hit 7638, then the next high on the left side is on the 3rd of August, which is 7696. So I would like it to go not stair-step anymore, but this has to be an accelerated strong-legged bee, get that magnetic nicely positive. The catholic will push to the 72% area from 64. All the other things will repeat, will be enhanced. And that's really what you want to see, because look, it's a walk-in-the-night period moving average in the weekly chart. That's fabulous action. So I'm saying to you, stick with it. I wouldn't add to it right now. I'd rather add a little bit more on strength. I need to see the strength. I don't want to, if it pulls back, I'm not going to say add to it, but if it holds well and can get to 76, in fact, by tomorrow, if you see it hit 7643, that's where you might want to add a little bit, just a little bit, but that could be your trading position and the one that you just got into, the first one is now your core, and this will be your trading position. And that'll make it a really nice position to have, because you've got a core, you've got a trading position, which will do the waves, peak AP, B maybe, then a leg C, and that should get you really close to the 79 area, and that's really what you want. It's a long way to go in this environment, three points in an ophthalmic stock, but that's the way I'm looking at it. So what I'm going to do was, let's see, yes, so I hope that helps you. Another question came in, that's the, okay, so I can't quite see that. Okay, a couple of things that I want to do independently. Let me just show you, look, VT, what is VT? This is a Vanguard, Total Wolf Stock Market ETF. It looks a little bit like, actually it looks more like the Dow than the S&P, it's in a leg B, 109.30 was the high, it just reached 100 and 100.73 to peak E in July the 31st, ran down sharply. This is going to be your big tell, because this is the world, look, the nine-period roofing average in the weekly chart is beautiful, look at that, and the price went way under it. I love when you're doing the, if you're doing the future, then you're using my technique, when the price goes above or below the nine EMA, but the nine is still acting well, that means it's showing that it's still got, it's ignoring the weakness, it's showing that it's internal threat. So keep that in mind. So I love the fact that this is a world, a Vanguard, Total World Return, made an all-time high at 109, it's only 8%, or it was only 8%, but right now it's 8% of the, no, it was 8% when it hit 100.73. Now, of course, there's a little bit more, but that's really nice actually when you think of that weekly chart, and look at this next one, WT, this is one that I always follow, Vanguard. Look at this, the Wisdom Tree, that was Vanguard, this is the Wisdom T, Wisdom Tree, this is the Wisdom Tree, exchange-traded funds, fixed income, currencies, commodities, made an all-time high, oops, let me just check that out. Now, it made a recovery high, I remember that I said, whoops, this one had a fantastic, in 2015, it hit 2590, in February, I think it was, of, no, March, March of 2020, it went to $1.87. This is the Wisdom Tree, exchange-traded funds, etc. And here it is, I mean, a really nice monthly chart, WT charts making this cup formation, in fact, it's almost like the falling axe right here, look at this, there's your trendline, there's your trendline, let me just place that a little bit better. GSASH-C very often goes to a D in a cup formation. So, this will start leg B, actually I'm impressed, this is a really nice chart, this will be at 727, almost went long for subscribers the other day, I don't know, it's a little too many, I don't quite fully understand it, exchange-traded funds, fixed income, currencies, commodities, how does that work? Anyway, here it is, at 727 on the 18th of August, at today's high, 726, two pennies away from starting a leg C. So, I mean, that's why I can't get overly bearish, and I've been emphasizing that my cell signal and cell modes are all in the daily charts, the weekly charts have been holding really well, so it's going to take something very a really big economic negative surprise to knock those weekly charts down very significantly. So, this is what I need to do just as we're coming into this, we're up, no now the dollars positive, that's good, let me just do this at, yeah, here we go. So, this is the IAI, this is the Investor Broker Dealer ETF. A nice move up, but nothing great, and this is where I think, I've been reading this book, trying to read it actually, Fourth Turning, and I've got a lot to talk about in this particular Fourth Turning. You know, I always looked at things as sparsity and accessibility. Life and the market, that's how they go hand in hand, that's the reason why I'm saying the big coat of face won't be until people around the world are trading from their desks, home laptops, trading markets all around the world, and we're not even close to that. I'll be back with that. We're up at the top, don't forget, Tom's workshop is off, I'll be right back. The Opening Call Newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call Newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund at bfnn.com Educating Investors. With rising inflation, rocketing interest rates, and uncertain market, there's an asset that all traders flock back to gold. However, these irregular times also mean a regular gold market, which presents its own unique challenges. This brings up the question, what moves the gold market? This is a question I'll be answering in my next live webinar. On August 30th, from 4pm to 5pm, I'll be hosting a live free webinar in my newsletter, The Gold Report. The Gold Report has been in publication for over two decades and I've seen just about every market gold has been traded in. This experience lends me great insight when trading gold and other mining equities and now that insight can be ours. On August 30th, I will deep dive into gold, bonds, and the dollar. Where they are now, how they affect each other, and what to look for when looking to set up a trade. Additionally, I will provide a comprehensive breakdown of the XAU, HUI, and GDX quantities and answer questions live on the air. Subscribe to The Gold Report today so you don't miss this rare moment gold. TFNN Educating Investors. 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Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com 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. Hi, guys, we're back for the final segment. The E-mini is up 875. Look, it made that low right there. I love when you get almost a single move to the downside. Tying a little A over there just a momentary attempt at a rally. It fell immediately and then it goes to B and it's almost like a one-to-one to the downside. And then it says, look at this turnaround. How important is it? Look at this. Right there at that low, you get some of the indicators giving the exact low turnaround. And now we've got to a leg D. Remember the Japanese were always looking at a bicycle upgraded to a bi-motor to go to at least a D? Well, we've got that D. And that just says to me that within the context of that sell-off it was a news-related or a programmed kind of trade that said, that's perfect. But how did they know that 45-30 was the exact time? I'm not going to go back. Let me just see if I can squeeze it. No, I'll never do it. But it goes back weeks. People remember in the den where you looked at 45-30, 45-30 and it suddenly came into sight. I said, what is that blue line? Oh, that blue line or grey blue line is from that 45-30 level. I looked, there it is 45-30 and what was the high? 45-30.0.0 and it pulled back. So it's nice to see those things. Now look out to walk in the green nine-period moving average. Not very high, but it's certainly back to buying in, as I said, the speed with which your sold-off says there's residual strength. Don't think this is it. That is all over. That we're going straight down. No, I think there'll be a balance and then we're going to stall a little later on. So with that said, if the Dow is up over 60 points after 1.30 or 2 o'clock, it says there's enough strength to try to move it higher. If it suddenly goes back under minus 40, then it says, nah, we're stalling right here. So with that said, have a great rest of the day. Don't forget, Tom's fantastic to be a fabulous webinar coming up this afternoon and right here, back at the ranch, what I'm saying is what's the market supposed to be? It's a bifurcated market. Something that really works.