 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. This is the Tiger Technicians Hour on this Monday, Monday the what? Monday the 7th of August. And what we're looking at here is fascinating market. Let's just go through all the numbers as we're looking at them. We did the 10 o'clock update, but really I couldn't talk very much about each position. That is a daily weekly monthly where we stand after we now kind of, we're into August. This is the first full week coming up, but more importantly, there are so many signs here that suggest that there's some topiness unfolding, but unfolding and actuating that is really, those are two separate things. So what we're looking at here is the Dow is up 250 at 35,000 G-20, considering what Apple did the other day. This is really quite good action. I should mention we actually short from just about the exact top, that's not the issue here because that was based on a certain indicator that I use, but the indicator of a last resort is this one right here. And that is the 9-14 period moving average. Look at this. The price is the Dow price, the grain line. Price went underneath the 14 period moving average. It's done that so many times and yet when it did that back in May, the 9 period turned pink. When it did it every other time, that 9 has just gone straight to the 14 period moving average held and then bounced with the price. Are we running out of time and steam because we've just done this so many times and you've already gone from basically the beginning of June to July and now we're into August? Isn't it time that we had a bit of a breather? That's not the issue. The issue is this particular indicator for me says that until the 9 period moving average crosses pink and holds there for at least a couple of sessions, you've got internal strength. So we've got in the bigger picture the internal high, the left side high over here. We've got residual right side high, but there's just some kind of internal strength that's still maintaining that 9 period moving over the 14. Look at the S&P. Look how close we got to crossing negative. We're actually on the border for two sessions. This is a dating so I can only talk about it as it stands right here at 10.09 a.m. Eastern time. Look how close. One little reversal today starting to see the S&P which is up 22, 23 right now at 45.01. Start Peter out and get to only a plus 9 and then we could start to see some S&P. We haven't seen it. Look at the QQQ. Turned pink, but the day is young. It could still, that S could just disappear. Up $1.44 at 373. This is the index 100 trading vehicle. So all I'm saying is if I'm using this particular indicator, this is what I need to see to really start to not just tank, but just start to see lower highs and lower lows. And we haven't seen it because IWM. Lows the action today down 74 cents at 139.193, sorry, 47. And then 9 period moving averages still holding. Look at the SMHs, semiconductor so close up $1.24, 155.51. Oh man, look at that. It just, but it hasn't turned negative yet. So I'm just saying to you, those are the criteria that I'm looking at. And even if we do have short positions, they're based on something else. And now we have to have the fulfillment to see the indicators work because the price is going down. And so far, the Dow is now up almost 300 points. Isn't that interesting? So I'm going to go back to $5,382. At any stage if we can start to hold in this area, there's a chance you can go to Friday. You can go to Friday's high. It looks so bad at the end of Friday. Look at that, closing under the 14 period moving average for the first time since back in the 10th of July. So yes, there's internal, just these flushes of strength coming in. I don't want to go to the other areas. And I just want to show you XLK. XLK is the, this is the SMB Select Tech Spider Fund, made a peak G, GSASHC, but it didn't get to a D. Right there at 181. Was it 40 or something? Yeah, 181.46. And here we are at 171.58. And for two days now, the 9 period moving average has crossed negative. And let's go to gold. Gold is trading down a little bit down 7 at 1969. Just stuck in this range that moving average has been negative for about three, four days. This is what we're looking at in the weekly chart. That's actually three, four weeks. And it's really kind of struggling, but it isn't breaking down. There's a big difference between struggling and the sideways trading consolidation and actually plunging. The silver in a cell mode, cell sequence of cell mode, I forgot to put that in there, a down arrow. Under the 200 period exponential moving average trading at 2334, down 0.36. And what have we got in the weekly chart? Sideways action. Way better looking chart than gold, but still weak. Looking at high-grade copper. This is Monday. So I'm going to do them all. My high-grade copper pulling back down 0.02 at 3.84 for four. Made a peak D. Remember peak D in the Chapman wave. You've always got to be careful if you start to pull back sharply. Yep, there it is. And what have we got? We've got the daily still green, 9 period moving average. The weekly still pink has been that way for a couple of months and the monthly chart. So I think high-grade copper is telling us that there is some kind of slowdown. And we'll go, I'd like to do this all together. High-grade copper is the international measure of economic strength. I don't know if it still is, but it has been for years and years and years. This is the Philadelphia Housing Safety Index. Nice bounce up 3.68 at 574.02. Made a peak D just stuck in the sideways range with a high-level consolidation. Going to be watching this very closely. And the 9 is still over the 14, but everything's starting to weaken. MACD is stochastic. 9 period moving average is seeing diminution between the 9 and the 14, but that 14 is still rising. So we've got to watch this very closely. We're looking at U.S. bonds. Look at those U.S. bonds. Plum is down. Goes to a trough F in the daily chart. Weekly chart made that arched, that goes from an H to an M pattern. Now, this is going to be spent some time in the weekend when I did my market overview for my subscribers, my all-long market overview. That just gives a picture of where we are, what we've been doing, our stocks, our positions and what we're looking at. And I said, there's just a chance. This is different to the others like Schwab and the KRE. That's the regional bank ETF. This is a little different. It has just like a question mark. Was this a Chapman Wave volume price climax reversal on Thursday when the TLT plunged to the 95-13 low with 42 million in volume and the day before... Wait a minute. Sorry, I should have gone straight to that. 94.54 on the Thursday with almost 60 million. That was a very high level of volume, but it really wasn't the record. It wasn't the smash. So I think that it's just a sign to say there could be a bit of a balance, but that's not the end of yields. I'll be 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. 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Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. 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. I was just asked if I could do the micromanagement. Yeah, so this is the one-minute chart of the E-mini. It is beautiful arch formation. And then in a shorter time period, it tested the load that was right there at about 8.39 this morning at 45.10. It went to 45.10 right there at 10.03. And then it started to bounce. And there was... Let me just get this out of the way. Something that because I had already assured it. I just felt I just had a cover because of the steepness that I was looking at of the unbalanced volume reversal. Now we've gone to a leg seat. It's actually a peak seat. And there's a chance within the next 5 or 10 minutes we should test the 45.27 high. I'm trying to see the time. It's 9.38. And because we did this really sharp arch pattern right here. And then held beautifully. This is the Eiffel Tower type pattern. I think there's a chance we could go to a leg D above 45.27.75. And then we got to see what happens. But buying has come in to the beginning of August. We had that last week where fund managers come in. This is about where all the vicissitudes of the normal beginning of month buying and selling have kind of taken place. And now we're going to see for the first two days of this week. We're going to see whether or not fund managers are stepping in to some areas that they were not in before. And starting to buy. Or maybe areas that they were in before. I had a question about Boeing. And let's just see that. So this 10 minute chart could go to a leg D. So all 10.20 this morning we've got another. Oh, right now from now this is going to be the area where you start to see the real fight begin between buyers and sellers. The real big players come in now. They sort of stepped aside from that opening gambit. I had a question about RKT. Is this rocket companies? I don't know if this is the financial concern. A, B, C. This is a D in the weekly. It once hit the 40 area. It plummeted down to the single digits. Now it's trading 11.37. I really don't know. I do know a rocket. We've got Tommy O'Brien with the newsletter title rocket right there. So we've got a bit of a rocket here because it's moving up 1.52% up 17 cents at 1135 after a really good session on Friday. I like this very much. I'd like to just see if I can take a moment as we're looking at these things because I am going to go to the financials right now. Rocket. Coase. Does. Question mark. Michigan based holding company consistent of tech driven real estate mortgage and financial services business including simple and fast digital solutions for complex personal trance actions rocket companies. So maybe this is that company that we've seen so often that we used to seeing aspiring to the upside and then just lower lows and lower highs for months and and from 2021 after the higher 40 and it's just come down now. It's actually starting to build the base. I actually like this. Time. That's not technical Friday. But this is a chapter. My flat based restart. There's a chance that it could be an unconventional flat based restart. I've been able to take the time to study it. But this flat basis after a G or a C or a D. You got to be careful because if it comes back and takes out the low off the peak D. Even if it goes higher this is becoming a magnet and that means the 10.02 area is called a 10.50 to $10. That's going to be your major. It's like a magnet. The further away we can push the further away it goes the better it is. So so far this is really good action after that sudden plunge on Thursday of last week and then gaps up on Friday hasn't even thought of filling the gap. I like this very much. So yes. Rocket companies. Oh there it is. A fun tech holding up. That's exactly what I was saying. But I'm just saying I don't know if this is rocket. I thought it was rocket financial. Let me just see if there is a rocket. Maybe this is the rocket companies that we saw before. This is this weekly chart. The steadiness even though the pullbacks I mean you go from 11 down to under eight. That's a 30%. That is a big percentage move. And now it keeps making higher highs. Buyers are coming in. The longer it can trade on the weekly basis above the high of I'll say this before 1038 was the 12th of August of August of 2022. I'm just saying to myself 12th of real. We haven't got there yet. Yeah. A year ago it was trading there and in the year it's been down to six ago cut in half. And now it's back again. It's the second cup formation with a higher low and a higher high. I like it very much. Let me just have it. It's not in the X. I'm sure it's not in the XLF. But let's have a look at this XLF. Nice day today. I'm 41 cents and 35.32. I'm looking at the KRE. Remember we had the January volume price volume reversal way down the what was that price? It was at food. Did I forget to put the price? No, there it is. We're right there at 34.52 on the 4th of May. So here we are two months later exactly. And it's gone from the 34s to the 48s. Nice action. That 200-period moving average is starting to become a magnet of 49.80. If that's the case, then I have to say I'm going to be changing my mind about some kind of a roll over because look the 9-period moving average is way above. It's not even closing in. It's still accelerating up. The MACD is starting to weaken. The stochastics at 80% weakening on balance problems are weak. And yet the price based on my work on the 9-period exponential moving average says it's going to take a while. It's going to have to close under 46 even to start to see the green period moving average moving towards the black 14-period moving average. Yes, very nice. I do like rocket. Let's just see. It's trading at 11.40 up 22 cents. I like it. Why? Because it's kind of positioned that says I know exactly what would happen if I was over leveraged to the upside and it broke closed below 9.87. Something that 9.80s area. Because that says oh, we could put in all this gap and go towards the 200-period moving average. But every time it's used, this is a spring water trampoline. It says to me having a position I wouldn't I wouldn't like to see over leveraged here but adding to your position even now adding at 11.40. If you're already in, I think you're off. I think that you because you're in it, I would add a trading position here and I'd have a very tight stop at 11.40. I wouldn't want it to be part of my package. If I've really got this is more a trading vehicle right now. I'm saying so at 11.40 I take the stock. The load today is 10.97 to me 50 cents. It's just way too much. I'd have like a 27 cents stop and just let it ride. Why? Because if in this, if not the dials of 328. It's going to be a big question or not whether or when we get that 9-period moving average rollover. Most importantly, what I'm looking at here is if over this week, it's this week that I'll go from Monday to Friday. If yes, if rocket has even actually 10.77. I think it's going to try for the higher levels. And then all of a sudden just for a long time since April of 2022 comes. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. 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The stochastic though dipped sharply lower off to 80%, but it's gone right back to 89%. That's really strong. I'm looking at this peak, Ian, the one minute chart. We're going to see what happens here because the buying key, I want to, in this first Monday, the first day of the week, the first couple of hours, I want to see the influences. I want to see where money seems to be flowing and right now money seems to be flowing in certain areas. Maybe the financials are going to see some benefit. Okay, so within that said, I'm going to just go FXI was a question. FXI is the, this is the large cap I shares China ETF pulling back at 19 cents to 28.94 after that peak D. I have to really wait for it to close underneath the 14 period moving out before I can put it down arrow in the data and the weekly chart had a good balance and it hit a fifth number and now it's kind of pulling back. So I'm watching this one. Another question came in about Amazon. Amazon. Yeah, we got Amazon. I didn't finish the bonds, right? Yeah, I did. Amazon gapped up today. It went underneath the gap low of Friday, but it's come back again. It's up 60 cents at 140.18. I like this action very much because it's got this left side right side price time at 145 57 way back in 2022. I think it was about September. And now it's gone from 145 down to 80 and then back again to 140 leg being the weekly chart. And that's just telling me that Amazon. Can I just I did it myself. I had just, I get these little things like a bag of tea or what did I get the other day? Oh, ink. In fact, I found instead of always getting my Eastman code, a packet very expensive ink. I don't even use much of the printer all that much anymore. I found something online. So for 30 bucks, instead of $32 each, I got the black and then I got the colors for 30 bucks. It's dual pair and it wasn't your packet. It works just great. You know, Amazon is what a change. You know, you get your leapfrog. It's not even leapfrogging. It's coming up with newer like Uber. These these extraordinary innovations change the way people act, the way people move. And that is the metamorphosis. That's the thing that is so pertinent to the to the big major bull market that we are in. Even if we're getting a little toppy, etc. I mean, when you think about it, it's quite a phenomenon. Okay, let's just get back to our story here. Apple gave a little warning that the peak D could very well make an arch formation. Can you imagine apples down 3.29 today at 178 and the Dow is up 318. What have we got? We've got Goldman Sachs. Probably that's the one because that whole brokerage area seems to have held quite nicely. Oops. Where is it now? Goldman Sachs. Hello, everybody. There we go. There it is. Okay, Goldman Sachs makes a peak C, goes sideways. It should have one big spike to a D is up $3.00. It's not actually a fantastic pattern, but it is an improving pattern. Let me just draw this chapter. We falling exformation. Whoops, straight line. There's your trend line. Oops, got a little down trend line. And that is falling exformation. You go one to one to the upside, but you've got to be breaking out. You've got to get above, I'd say, $3.63 to really keep going on to the upside. What else is moving? We've got Amgen. Amgen? Good old Amgen. Oh, how nice. Amgen by a farmer. Peak C. This is a leg. No, this is not. That's a C is right there on the 200p moving average of $238.48, and that was $238.48. Double top there at C, C1, C2, and then bam, it goes right to D. And we're in leg D right now, weekly charts, improving monthly chart here. Not too good. So look at that 200p moving average hours stored, and then it used it as a takeoff pattern. So you've got just a number of stocks, a couple of stocks, JP Morgan. Oh, there's financials, huh? JP Morgan acting okay. I'm going to pick G, actually. Alternative count G-C. I'll put that in F right there. G-C right there. And that usually says, these days it's been doing it more and more to say, yep, you could just tag a D slightly higher than the previous high, and then you could have some kind of a congestion or a diet. Oh, wait a minute. I also got to put this in here because that's the pattern. That's my ICs, Chapman Wave, Stalk Lake Formation. Is this a turnaround or is it a breakout? We'll be watching this closely, JP Morgan. So I did that, did that, did that, did that. Oh, NVIDIA. So the statement, not a question, but the statement was, do you realize that NVIDIA is like 230p for like the dot com? Well, it's because it's in the lead in terms from everything I understand. NVIDIA has the chips that are in most demand. And it's pulling back, having a good day today. So I'll follow up 7 at 454, but it's making lower lows and lower highs. Just on the short term, I think NVIDIA is kind of stalling. But I'm just looking at the chart. I mean, you know, go from NVIDIA, which is right on the cusp, has been for ages on the cusp of everything that you need in the chip area to Intel, which is having a very nice turnaround. And you can see, you can see that in the chart. Nice turnaround, but maybe not good enough just yet, but it's improving. So Intel maybe is the one that has a bigger percentage on the upside when eventually it starts to break out than NVIDIA, just in terms of price and percentages. But I have to tell you, this is impressive. Okay. Next question that came in here was, did that, did that, did that. Natural gas, NG. So the question came in, where would you add to the natural gas? So this is one of the, this is a very strong session. Unfortunately with natural gas, it has a very good session. It looks fantastic. It's breaking out and then it stalls and makes a lower low. This particular pattern right now is saying that if natural gas at 2.76 and the continuous contract up 13 texts is able to close for two out of three sessions, it's done it close, closely before, but it hasn't really done it in a decent way. But if it's able to close decisively above the continuous contract 2.783 high of the 25th, another 20th of July, that means it could now head towards the 2.90s. And that's really what you want to see because that weekly chart just looks horrible. I don't even want to discuss the monthly chart. So it has to come from the day. So if you are long, where would you add? If you get a, I wouldn't be playing this game. So this is not my trade at all, but it is your question. I would say, are you looking at UNG or you got the natural gas contract? UNG is a little different, slightly different. I would say I would add right here and I'd have a very tight stop and I treat this as something almost separate as if it's a trading position at 7.29 up 34 cents or the natural gas, whatever the equivalent is in the position in the contract. White, I would have the tighter stock because if it works, that's great. But if it fails, it will fail very quickly and you got to be ready for that. I'll be back. The 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. 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The Perspectus or Summary Perspectus 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, Four 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. A question came in. Hi, Basil. If you believe that a short-term bounce, this is a short-term bounce, at least another leg down, do you have one or two areas you feel are more prone to falling? In this person's case, you've done so well by not doing any shorting for quite a while. I do have areas, and I think the clue is going to be the SMHs, the semiconductors. Let me just show you why. In the semiconductor area, you've had this double top and the right side, so 160, I better put the dating because I'm going to refer to this until it gets taken out. This is on the 18th, so July 18, and we just put that in, 718 is going to start looking a little messy, and this is the one from the test, and that's 161.17, and that was on the 31st. Yep, the 31st. So let me just put that in here. So the semiconductors, I'm just going to give you a kind of a synopsis of what I'm looking at and why I'm looking at it this way. The semiconductors have led, and that's my rule of thumb for, I don't know, forever, has been that where the semiconductors go, at some point the general market tends to go. I just need to do something there real quickly. I don't know if it's even worth doing it. Did that make any higher high? This is an F, and that's a D. Yeah, so, what's the time? 1043. I'm just, I'm looking at patterns. I want to show you something. Look, the E-mini one-minute chart was so close, just do this here, was so close to, yeah, it was so close to turning down negative, and then it made this M-shaped pattern right here to extend the nine-period moving average over the 14, and even now, with the MACD weak and the stochastic way under 80%, and the relative strength weak, look what's happened. Only now is there a chance that you're going to get this turned down, and this turned down at 4524 on the E-mini, has to take out 4515 really quickly. It has to do it by about 1105, and then a little later on, it has to take out 4510. But look, even now with the sharp pullback, it hasn't gone pink, and that's the power of this nine-period moving average. Look what happened here. It took from that high, right there at PGS-C at 938. It took one, two, three, four, five, six, seven bars to cross negative. Right now, even this is an inch of bar. We've still got to wait for the bar to complete. You've got the S with the nine-period moving average just turned down. So what I'm seeing is that the semiconductors, that to me is the clear, and just for clarification and just for openness, we did short, we have a short, a little bit of aggressive short position on the semiconductors. But look at this. That nine-period moving average, still it's up $1.3035 or 155.60. But it's tough because until you get that pink sustain, you can't get the downward, briefly you can even wiggle and wiggle and wiggle and wiggle, but you've got to get it to move down. So I'm just saying to you, I'm not sure it's really worth your while, rather look for things to buy on the way down because you've done well avoiding, I believe, I might be wrong, but I believe you've been avoiding the short side. And I'm just saying to you, a couple of losses on the short side, you could have just waited and just got your long positions in the next week or two weeks or three, whatever it takes for some kind of a digestive phase. If it's going to happen, that's all I'm saying. So now let me go back to the semiconductors. Where would and what would I be looking for? In this particular instance, I'd be looking for, we've already taken out the low of, right there, the low of the 20th, is it? Yeah, the 20th of July at 152.29. We took it out three days ago and look at this nice move up, but at the same time, let's go back to NVIDIA. This is a big component of the whole indices. This is kind of, this is the biggie. And it's struggling. It hasn't turned pink. It's holding, it's not doing great, but it's not doing badly. It's not a bad consolidation after such a spectacular, it's almost straight up in the weekly chart from the January lows in the 150 area. So it's a little bit, as I said, on Friday it's a bit of a chutzpah, it's a bit of a cheek to even think it's a hubris to think you can step in front of this train and stop it. I'm not doing that. What I'm saying is I'm all the technical indicators that I'm looking at, the one, the indicator of last resort, the on-bundle, the nine-period moving average over the 14, hasn't crossed down yet, and it's starting to show signs of deterioration. So that's what I'm saying. If you look at AMD, AMD has spectacular earnings reports and then it plummeted. Now it's coming back a little bit. So each one of these is doing something different. Micron, same thing, had a very nice move. Peak A, B, C, D, this is a peak. E right here, having a bit of a flag pattern consolidation filled in the gap. So they're all doing different things. Until I see the semiconductors really start to pull back, let me do applied materials. I mean, you can go on and on. Holding a very nice move today. A peak D in the weekly chart but all the technicals here are actually quite good. Circastic starting to weaken at 72 percent. MACDs weakening a little bit but still positive. So I'm waiting for this to unfold. And I think that in your case you want to know targets. My target would be IF. It's always an IF because we aren't the chart. The chart is the chart. IF the semiconductor in the next, oh we can't go more than Thursday or Friday. By Thursday or Friday, it's actually trading below 151. That'll be the clue to me that finally we've got something of a pullback that is going to be market oriented, not just specifically the semiconductors and it usually don't get it in this kind of rotational way. Usually the semiconductors they kind of lead the market and they have sometimes follow the market but in this particular instance the high that was made the double top at 160 to 161 that's working but we haven't got the double bottoms also working. So you have to take out one of them in this case. I'm saying the double bottom has to be and then you've got a market pullback. So let's look at it again together in the next couple of days. It's different to what I'm talking about in terms of portfolio action and why I'm doing specific things. Now with that said before we get the break coming up before the final section I wanted to just tell you where did it go, where did it go. So you've got stocks like in Uber. Uber's had a spectacular move. It's gone from the weekly chart you can see there's a GSAS C, usually a GSAS C if all the technicals are strong makes a confirmation you can even go to a D but this pullback here at this alternate count E C in the weekly chart and the daily chart says that I should put a down arrow because it's already closed under the 14 period moving average four times if today's also going to be a close under it it's taking a bit of a breather and I haven't finished putting this in I started doing that. I haven't finished because I didn't want to add to the bar. It says that sometime August is going to be a big deal it's at 44.96 it's not a big deal to say but sometime August I'll get to the 42 potential I'll be back. $1 for the year there's no catch or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris as they share trading ideas news analysis and discuss the market action all trading day even night and on the weekends the Tigers Den at Discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of TFNN.com 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 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 sign up for the Fibonacci 24 7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento 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 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 so what's the question came in what's the pattern that you're looking for in the e-mini and whatever it is that you're looking at so I just wanted to clarify so questions came in what sectors would you be looking at the semiconductor has been the best it made record this is all time highs so I'm finessing it so that's something separate but I'm just saying to you I'd be a little careful I wouldn't be too to glib about suddenly saying I got a short if you have been long and you've been doing very well I'm just saying I maybe stick with that for a little while longer and just have patience you'll get a new buy signal but there are specific areas that I think are becoming a little bit vulnerable meantime this is the pattern the lower case H looks like there it is you come down sharply then you make H pattern you fail at a peak A or B you take out the left side look Tesla's just done that I don't know if we've just done that in the e-mini I think we have yep there it is peak A peak B and now you've just turned down there's a very large arch formation peak D and the always looking for Ds there's your peak D in the 10 minute chart of the e-mini around about 3.30 this morning now the peak D right here hasn't gone to a cell signal or cell mode yet in the 10 minute chart certainly cell mode in the 10 minute chart have we got a two click session if all for me it wouldn't be too good for a done tune I'm on the third click right here but is that a possibility that you could have the top made right now at about the 45 30 area in the e-mini yeah it's a possibility buying keeps coming in but I just make it real simple if the SMH is which is trading at 55 51 at this point come down with they have to go together comes down with the market and later in the day the Dow instead of being up 311 is actually only up 160 but the S&P has actually gone to only a plus 8 that says maybe we close week so that's what I'm looking at here but it's a process of that at 914 tool that we have look is taking a long time to overlap say bro see you tomorrow