 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now, pull free at 1-877-927-6648. Hi everyone, Basil Chapman here. This is the Thursday edition of the Tiger Technicians Hour and it's the 8th of February. We're looking at the Dow up 19,000 at 38,696. Now this is going to be really important. There have been so many charts that have this little double top type thing. It could be a double top from weeks ago, months ago, years ago, but these double tops have stalled a lot of the rallies and the stocks that have been the strongest have been the ones or the indexes that it stalled for a moment and then powered higher. A very sharp move up to a new either recovery high in many cases, all time high. What we are looking at is that with two sessions to go, Thursday and Friday, we've got two days in which to break above the 38,783. Now I wasn't going to do that, but if I can find all my information right here, I can do this. In the Chapman Wave methodology, click here. That's not the one there it is. It's a very simple technique. What we're looking at is I have to move this over and I have to move the screen using just one screen today. In the Chapman Wave, try to identify the lowest low bar and then really count each successively higher peak. A straight line in this case, I'm just showing it as a graph, pulls back. The moment you make a lower high of that particular rally by one penny, that becomes a peak. That's on a closing basis, whatever. If you're looking in a daily chart, that's a daily for one minute to one minute. Now in this case, that's called the floating net. It pulls back as long as all these moves up don't take out that original starting point, the actual to the penny low. This becomes a buy signal that can evolve into an upgrade into a buy mode. That buy mode says that if it goes to usually a B, that there should be at least four higher peaks. Why is that important? Because a buy mode in this particular methodology suggests that you can go to peak A first, peak B, then peak C, then peak D. And D other things can happen. But also in D, if you have those three bars within three bars of that high of D, it goes to a higher high by even one penny. That could become a Chapman Wave instant restart. The only technique that you have that has this particular, that evolves into this particular new potential buy signal that can go to even four higher peaks. But it's at D that other things can happen. Why do I make a big deal? Look there, it went to a D in the Dow back in December, went sideways, squeaked to a slightly higher peak that became E, pulls back, and then there's really no other way I can count this, but to say that was a peak A, that's a peak B, that's a peak C at an all time high of 38, 7, 8, 3. And now at any point from this very second that we're talking, it could fail, that'll become a peak C1, C2 because it is so close. But I'm anticipating that it's just like a nominal high. And in this particular look at millenniums, that is 1,000 levels, this particular one going to 39,000, I suspect in the 38,900, it's going to be very strong resistance that is not going to just be clear sailing into the 39,000. Okay, that's just my interpretation. Let's go to the S&P, and in this particular instance, S&P is trading at 49,94.84 down 30 or 40 cents, made a new all-time high yesterday at 49, I think it was 99. Yep, just missed it, 499.89. Let me just type that in. So that becomes a mystery thing, and people say, oh, the 5,000 level, yes, it is important, but it's more psychological thing. It has nothing to do with the chart. The chart has to be analyzed on, what did I say, 77, I'll call it 77, and then go back and check. What's really important for me is that we've already got to a D in the monthly chart of the S&P. That negates that previous peak beer, the all-time high of 48.18.62 in January of 2022. This is the new count, it's intellect D, and because it's made a new high in February, this is a continuation. You cannot make a peak D until all of March is concluded without making a higher high above the February high, but it's only a leg B in the weekly chart. That is really powerful, and that basically says you could pull back to this whole area, this consolidation area in the 47.40s, that's over 200 points below, that's over 2,000 points in the Dow. You could do that and still be in a very strong buy mode. So all I'm saying is that on a shorter term basis, I'm anticipating we're getting really close to something that just says, hey, be real careful here that the market is starting to take economic news as bad news at this point, it's ignoring it, it's ignoring, look, it's ignoring the dollar, which is at a really nice move to the upside. Look, it's holding quite well, it's up today, 27 ticks at 104.33, it's ignoring the TBT, which is the inverse of bonds, the TLT is the Lehman 20th Treasury Bond Fund, this is the ultra short Lehman 20 year T bond ETF, even though Lehman is not in existence anymore, but the TBT is at a very nice winter peak D, the fourth highest peak, it's pulled back, holding quite nicely, not great, but it just says yields are holding to the higher level. Let's go to the TNX.X, probably almost the same, it's the same pattern, it went a little higher because it went to peak C1, C2, that acts like a D, you had a peak C3, and this could even be a C4, so this says if there is a move in bonds, it goes at this point 41.56 is the 10 year Treasury note, that's the yield, if that goes from 41.54, 4.154, if it goes into the 4.2.3 area or higher, I think that's going to be impactful to the market, so we'll see what economic news comes out tomorrow, maybe it'll impact it, so let's go back, we were looking at the S&P, and I just wanted to do the dollar because I didn't finish that thought, which was we're only in a leg C in the dollar monthly chart, in the dollar I meant the Dow, the Dow monthly chart, at an all-time high. What this basically says is that whatever the high is in February, if all of March has no, by one penny, doesn't exceed the Dow's February high, that means it continues to exceed for DASA, but if it doesn't, it means there's a peak C, but then you have to wait all of the month and then the next month for a possible leg D, that takes you into probably the second quarter of 2024 before you can even make that peak D, so so far that's very bullish. This is the 14th week, if it goes to 38,783.62 as high, if it goes to 0.63, then really by tomorrow at 4 o'clock, that extends for the 40s. That's amazing. I'll be right back. Down south. Right back. Down south. 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, join up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pesavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, Educating Investors. 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. 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. How's it going? We're back and I'm lost if I can look at the short time frame, the mini-chart. But here's the one minute. I went to a peak E at about 930 just off to the market open. It was actually at a D and it had a quick pop to the upside. Pulls back where? To the 200-period exponential moving average and then it has a peak A, B, C, and it goes to a double top at peak D. Pulls back, holds the 200-period moving average, still trying to bounce off it and the 10-minute chart at peak D hasn't given any sell signal or anything yet so the peak D. So that's how relevant and important those Ds are. Oops, I wanted to go to... So within that context, I said I would just finish up the different indices and the reason why I'm just a little cautious here. We are short to Dow actually. We have a long-term, long positions, but this is just a trading position. We were short the estimations, just got stopped out. This is just for near-term traders. I'm suspecting... Let me just do that right now since I mentioned that the estimations are getting really close to some kind of a divergence between the technicals, which are just starting to weaken a little bit and the price of individual stocks and I've been talking about these round numbers over and over and over. So let's just see, because NVIDIA is part of the QQQ, let's just look at... NVIDIA looked a little dodgy candle possibly forming today. It had a high of 707.94. It's had a whole bunch of round numbers. I've been talking about that for a while now. I'm just going to be watching this carefully and then a stock that, for subscribers ages ago, I said, wow, this is going to be the stock that's like VMware once upon a time where we soon off the IPO, we were in it, we had some really good gains for subscribers about 100 points up, twice I think in 100 points where we shorted to the downside and haven't touched it for years. But I said, arm could turn out to be something like that and we never got in. So let's just see, and then it came out, I heard, I guess it was in the car, I heard, arm earnings was absolutely spectacular when I got back and I checked the charts. This is unbelievable. It was an IPO. It kind of fails from the 60s. It went down to 46.50 and then one, two, three, four months later, what does it do? It has a height that have 126.58, up 54% almost doubled, or more than that. It's up 42 at 119.40 and I thought, okay, let's watch it for the end of the day. Maybe by the end of the day, it'll have a round number. I can't see it right here. What is this? Oh, let me check. I'm looking for round numbers. Probably at the high or the close that's open. Oh, the low today, round number 94. I just, I can't tell you how many times we've seen that. At this point, because it's the most number of round numbers, that I don't think I've ever seen that even when I was looking at cops in the homeboulders back in 2007, 2008. I don't remember seeing anything like this. This just tells me that in about two months time, we'll be looking at this and we'll say, oh, that's what those round numbers were telling us. That's the ceiling now, because they are going to have a huge digestive phase. It doesn't have to be a smash, but I suspect the semis are going to have a pretty decent pullback at some point. Let me just see. So we've got inferior. I did arm. This is arm holdings. The other one was SCMI, MI is it other way, SMCI. SMCI, super micro. Yep, there it goes. 693 all-time high. It has 686 all-time high yesterday, I believe. And today, what is it? 693. I'm sorry. This is what I call hysteria. RIN, fund managers. This is not local people just doing it. This is, I believe it has to be, fund managers, because they are saying, get me out here. It opens at 670.76, spikes 23 points high exactly to the penny, 0, 0, 693.00, open at 666.05, and I think it had a 6606 round number high previously. These round numbers are just telling me that fund managers are saying, I've got to get out. That's the number. I'm out. And that's why it shows up as a round number. But there can be obliteration within minutes. You can go higher than that, but the number of them just says to me, we're looking at a phenomenon here that, for me, there's no other way to look at it other than there's a certain degree of hysteria of getting in. I've missed it. I've got to get in. They get in as a round number or they're getting out. But the fact that this action is happening, let's see where Disney is. All over the show, but especially in the semis, Disney is trading at 109.32. Another stock that I like a lot. Never had subscribers in it. And look at this, a very big move. Leg D in the daily chart. Leg C in the weekly. That's still very positive. But we'll see. So yesterday it had no round numbers. So it's trading. Toodle, toodle, toodle in the 96s. Today it opens at 106. It opens at 107.08. It's 109.50 is trading right now at almost the high of the day. 109.50. We'll see what happens next. Let's get back to our story. So the QQQ, the way I'm looking at it, suggests that there's some kind of action. With a market like this, this could turn out to be just high level consolidation. And we're ready for the next big break to the upside. But the technicals are suggesting to me that on the short term, not the weekly charts, they're still fabulous. But the weekly charts are just suggesting they could have a pullback, but they're still going to see higher highs. It's the daily charts that got me a little worried. Doesn't mean to say it could smash, but at least the sideways consolidation of time. All right, let's go to the IWM, which was doing better than the others. It's up $1.30, but it's not great. The 9p moving hasn't crossed positive yet. So at 194.55, it's still quite a bit below the 2 of 5.49 higher of December the 27th of this last year. Let's go to the XLK quickly. I got questions. I want to get to XLK. That's a gray A. So I'm anticipating there's a chance, just a chance that the high that was made, the all-time high that was made on the 25th of January of 206.15. We got one penny above that to get to a D in the next day or two, or we could even stall over here. But it says, look, the technicals are starting to weaken. The on bounce was very strong. The 9 is way over the 14. I don't want to fight for that, but I am saying we're getting close. So now I wanted to go to, let me finish this. So gold, gold is down 8 to 2044. Just stuck in a range. Silver was acting quite weak. And silver today is trying to rally and start up only 0.05 at 20241. High grade copper and lousy session yesterday in a horrible session today. This is just telling us you've got to be careful here. Wood, this is, I always put them together. Wood is the ice shares global timber and forestry because we always look at copper as international for business. It's holding quite well. 7552, down 0.07. Quite on the 200 period moving average but that is quite as full from the 82s to the 73s. I'll be right back. The Dow is trading right now at down 31 at 38,635. Basel chapter, time to take issues out. 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. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report you also gain instant access to Teddy's 60 minute webinar archive he just hosted, forex strategies and fundamentals what is behind the Tiger Forex report. For all the details and to start your 30 day Tiger Forex report subscription today visit the front page of TFNN.com TFNN, educating investors. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman 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 within 30 days of signing up. TFNN.com Educating investors 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 seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 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. 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 I just wanted to finish with the bonds just to say that the bonds coming down very sharply or even sharper now down a point. That's a big move for bonds. And then just crude oil, a little bounce this is still actually they might try for the 200p moving average of 70 78 76.82 set 75.51 right now. I think I've covered all those things. Okay, so the question came in about Bank of America. Bank of America trading down 9 cents at 33.09 and usually when the yields go up it really helps the banks but it has to help the Bank of America. We're all long Bank of America from lower down. It's holding okay it's just not looking too great it's got a peak D in the weekly chart that just says one is closely because the technicals are still quite good. The nine is way over the 14 that's good the price is above the 200p moving average weekly level of 32 32.09 monthly chart is just okay. But if you look at say a JPMorgan, JPMorgan has been superb it's made an all-time high a few weeks and a half ago. 1796 was the high in October 2021. This one went to and this is the fascination between what I was doing about this left side big pullback like a V or a cup formation that came all the way back. Okay take days take weeks months or even in this case almost two years and it got back and we did get back to it go back to one you remember 172.06 is the number we're looking at 176.31 on the 12th of January and then one on the 31st it gets to 178.30 slightly higher. So yes it's making a higher highs but in the meantime what we're looking at is that weekly chart in late B that's a good sign that goes together with XLF. So specifically Bank of America is lagging. The XLF is not going to it's all time higher 41.17 this is S&P select financials quite a fun but it's holding very well doing okay so it's it's actually bank specific in this case Bank of America did okay and everything about it everything about it said that the previous high 34.69 back in early January and then the retest of 35 was it 35.10 with a number of 34 travel wave reverse red inverse Roman candle and then it's been down down since then and that just says to me this is not acting that it's really not acting poorly but just in a relationship to what the market's doing it had a fabulous move up from the 25 area all the way to 35 for bank stock that's a good percentage move and now it's just kind of stored so the question is what next I would just say the 50-period moving average support if it actually gets there that's not good it's a 3238 why because it's making lower lows and lower highs and then this is an acceleration down I don't like that I would like for it to hold steady and have at least an attempt to get to 33.60 it doesn't sound like much as a 33.07 right now down 11 cents yeah so the question was for some people who didn't get into this where would I add and I'm just saying I'm not ready to add to Bank of America just yet at this particular point it needs a little if it didn't pull back so sharp if it held 34 and was trading at 34.10 right now so oh I'm expecting that it does go to another leg this could be an alternative count but I can't do that because officially in the way that was a new buy mode ABCDE and that just says you've taken out that low this should be a brand new low the one that was on the right here that was January the 18th no January the 17th that's 31.27 so I'm saying have a little patience if this is your now if you have not getting to any bank stock at this particular point I would say because we're a little bit lower down as we've got a cushion I wouldn't want to start in your position here I'd much rather go for I don't know it's a $32 stock and we're looking stocks in the in the hundreds but let me just do this Bank of America it's like what cities done cities trading at 54.04 they had this big spike to this kind of what the Bank of America did I have to call this F-C as all the characteristics so far as more like an F then an A absolutely and then went to a D already in the weekly chart if it doesn't make a new higher high this month so this week which looks almost impossible to get to the 57th is trading at 54.05 right now I don't know when they have earnings or anything like that could still do it maybe this is a slightly different a different pattern and it's a little bit more positive so let me think about it maybe tomorrow I'll come back to it and we can see whether or not to add to Bank of America or whether you should if you're looking at a bank stock to go somewhere else I just wanted to look at KRE this is the regional bank sector index KRE look how bad that is this is such a mixed market you've got the semiconductors all time high you've got PAVE and even now the semis are going a little higher PAVE PAVE is the Global X US Infrastructure Development ETF at an all time high ABCD this is a brand new ABCD in the data let me just do that for you so that you can see how the technique works beautiful confirmation this is what I meant about taking out that left side high this decisively took it out that's really important that's very good so this is a trading at $0.3650 up $0.06 today there's your A there's your B so all your obligation is to notate it so when you get to D then it comes a little bit harder because they are alternative choices and in the in the monthly charts and in the weekly charts next year in the monthly chart I believe that that's already gone click that R there yeah this is leg D so yeah and you know you look at Caterpillar this is part of the infrastructure Caterpillar made a high of $334.87 the other day now it's trading right now $323.05 I was looking for round numbers yeah I didn't find them so okay so in the meantime I'll type don't do anything with Bank of America next thing is Cleveland Cliffs I'll do this but I must have forgotten I did not see I've had a little trouble with these different computers since I'm out of town doing this remotely picking up all my emails but I'll do that so Cleveland Cliffs is not acting well remember this is a B but there's no guarantee that it has to go to a C and a D you've already made a P, E major top in the daily chart so right here that was on Jan December the 19th of 21 41 so this could actually fail yeah I'll just talk about when we return and then I'll look at BYD DF this is the Chinese EV company by the company the gold report gold is still king it continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange the gold report 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 winning 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 Tom O'Brien publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter market insights firsthand TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today 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 foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ iPhone this is a question oh no I guess I guess there we go see how they have Cleveland Cliffs trade this is the steel company Cleveland Cliffs Roll Steel where is it? Yep Roll Steel come back there we go now this is very interesting because it's not acting that well so I'm just going to suggest if you're looking at an intermediate term play we're going to have to get through this daily the short term first and the short term is suggesting that at 19.26 it could retest the 18s you've seen how many charts have we seen with these big spikes and the big pullback so I I would definitely lighten up if you're along I would take something off you can always add it back if it starts to reverse towards the upside at this particular point please protect yourself why because the stocks that have not participated at this particular point and that if the market does start to just consolidate over the next week and a half going into say the third week even the fourth week of February you've got to watch these because SLX which is the steel ETF is trying to hold steady is trying to make an H pattern and take off from the bottom but it's really important if you look at the weekly chart it says 69.38 down 48 cents until it can really start to hold in the 71 30 or higher area this is kind of stuck in a rectangle H goes to a low case M pattern and then we just go to STLD and then when Jacob she talks about it it's done very nicely it's in a leg D at this particular point but underneath the previous high in the 128 area so here we are at 125 I'm looking here so here again it's almost like I'm looking at so many different different sectors stocks within the sectors and some of them are not acting as well as the leadership this one is in the middle not quite a leader but acting very well so still Dynamics STLD trading down 64 cents is acting a lot better so this is what you would like to see look you see this big arch formation to the upside and each time it wants to pull there's a cup within the cup on the right side of the ellipse to the right this is the quora the quarter of the panel of the semi circle and it's gone to a leg D and each time it pulls back it holds the 14 pre moving out and then springs higher you didn't get that so Cleveland close this is acting as well as the others I'm just going to say be a little and it took a new core NUE this is actually this is probably the leadership right here new core corporation NUE different price range of course to Cleveland close at 185 0.35 down 85 cents this is acting much much better it's holding the support levels okay so with that said let's go to the next question was ENVX this is in a phase in a phase in a phase ENPH ENPH this is acting quite well in NFX this is in phase in phase energy I think that's natural gas there are all sorts of things big spike yesterday this is what I also heard on the news as I was driving along I suddenly hear something about N phase of the whole poor old N phase in the 300 yep 339.92 was December 22 high and it had a little bit of a pullback to the 70s and now it's trading at 118.58 so this is going to be a grey A Y I don't have any evidence yet that this is really sort of a big move to the upside but it is holding well and it hasn't made a new recovery high after yesterday's big spike to the upside it needs to do that to say there wasn't a one-off just a news event and if you look at the weekly chart yeah that looks good right now but the overall pattern is not that great so if it doesn't at 118 if it doesn't pull back to the 112 level now let's go to the exact number the low yesterday of that big spike was 114.70 if it closes under 113 any day in the next week that's just not good action at all it has to restart a whole new energizing to the upside let's just look at natural gas while we're doing that natural gas is don't even look at natural gas beta pd in the daily chart back in January up in the 2.06 area and here is a 1.9 and looking horrible total natural gas so let's just go back to end phase I'll just give you the numbers the numbers are if of the next today's Thursday going into Wednesday of next week I don't care whether it just nicks it or not as long as it nicks the 124.10 was the high as long as it nicks 124.20 just to say look I'm actually getting to the 124 it doesn't have to hold there it just has to nick it same breath in other words that same it cannot take out the low of yesterday of 114.70 that'll say good high level consolidation it could now start to move at least for another week or two towards the upside before it does some backing and filling but if it closes under that 114 I'm going to say 113 level it just says you're going to have to wait a little longer alright next question came in no that was um BYD BYDDF so this is BID BYD Company Limited, H shares, Chinese EV look at that H pattern in the monthly chart look at the H pattern in the that's failed already in the weekly chart and look at this it went toodled back in 2023 it's up in the 36's now to the 22's um it's actually right now 23.53 that low that was made on the 31st of January that's the low to monitor because you remember we were speaking about the EVs and I've seen it out of the automobile companies and I mentioned this a long time ago I said Toyota TM is the one that's doing the best then what does that, what does it do 202 round number two and a half, three weeks ago couldn't get out of its own way so suddenly it goes to 203 and yesterday it spiked higher today's high is 225.55 that's what you want to see in end phase you don't want to see it stall off to the big gap up we're going to see what Disney does will go then in a moment but look you want to continue higher what it's done is Toyota Motors has raised its base to first of all the low of yesterday which was 211.82 Fabian Lake but if you look at BYDDF I personally I wouldn't touch any Chinese stock at this particular point most of the time I say you've got enough to worry about here let alone worry about something else in another country so I'm just saying that this BYDDF is not acting very well at all it tells us about and this is money being thrown at it and it's the EV company in China I believe so that's all I can finish with that next question was somebody so for Charlie Charlie if you're listening now I can say to you remember I said I have to see how it acts within the next three days so yesterday it took out the gap down low of 7.28 it went to 30 7.22 today said 41.50 I'll talk about it in a moment I need to meet his gym position but at a very short gym position I'll tell you exactly what to look for I'll be right back 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 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