 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. What we want on this Wednesday October, November the 3rd, we just, October evaporated, just gone down the tubes. Now we're into November and we're looking at the Dow down 100 points at 35,953. I'm going to take a little time today if you don't mind. There's a lot to discuss. I did two hours yesterday. I did a Tommy show. I did my own show and I discussed some of this in great detail. I want to keep covering it because I had so many questions about timing. How do you go about timing? Does it work? One of the technicals that you look at, so let me just go through this step by step. The Dow has gone to a leg E in the Chapman wave methodology. The steepness of the move after this Pd with three bars, not breaking to new high but four bars, says that this is a better chance that this is a leg E and that yes, you could have a higher high to an F in the Chapman wave methodology. But the on balance volume is so overboard that there should be some digestive phase right now. That's number one. Number two, I may as well just show this because it's almost like technical Friday here. I do want to show this because it's all part of what, if you're listening to my show right now and you've been listening for years certainly, if you listened for a couple of, almost two decades, then you know that I talk about the wave form, identify the lowest low bar, count each success of the higher peak, alphabetize them, A through G, that's seven higher peaks, but it's the fourth highest peak, ABCD, that fourth highest peak where other things can happen. Yes, you can go to an E but within three bars, if it goes to a higher high, you can get an alternate count. Exactly what is happening here, your objective is to go from a buy signal to an upgraded buy mode. The implication there is that you should get at least a minimum of four peaks. So let's do this as simple as possible. There's nothing complicated there. So now let's go on and we'll say in the weekly chart, we had a peak GSAC with a very sharp pullback and that was the pullback from Dow 35,631, the week of the 20th of August, remember the 16th was not the top in the week and we pulled back pretty sharply 2,000 points but then we broke in a shorter time period to the new high. That is really important and that suggests that there was internal strength but wait a minute, internal strength, that's only because the nine period moving average did not go under the 14 period moving average. The magnies still to this moment hasn't crossed positive, could deflect lower, it's closed but it hasn't yet crossed the green line. The faster nine period differential has not gone above the 26 period moving average, slow moving average, all of these exponential moving averages, it has a chance to stochastic, is it 88%, that's good, on balance volume is a little bit overboard in the weekly chart and we've got a peak D right here in the 120 minute chart on the side and Dow G pulled back to where the 14 period moving average. So this is nothing compared to where we've been, nothing even compared to yesterday, because yesterday it was a very big green candle and now we just kind of in the middle and inside the day so far. So where does this take us, that takes us to the monthly chart that went quite quickly from a D, one bar down from a very modest E slide with a lower high and then we go to a new all-time high in October and that's been followed through in December, the first couple of days we've gone to in the first day, in fact, on November, winter, new high and that is E right going bumping up against the Chapman Wave inside track repellent zone. So how do we plan on these things? Well, for subscribers to an opening call, we're still long, you can see right here we're long from the, with options the day of the low of 23rd of March, 2020, April the third we went long diamonds, we've taken two little bits off, we've still kept the core position because that long-term buy and hold is what we want to keep. There's no way we're going back to 18,213, not yet, not for a long time and as far as I'm concerned, that implies that you want to keep a long, kind of a portfolio long position that you don't want to touch. Number two, on a shorter term basis, we did short the Dow just a little bit below the highs, about 35,631, around just over there, we went short to about 35,500 and we took profits and then we switched to the diamonds alongside and we've had a number of positions on the diamonds and within that context, we have just moments, we've just a couple of days ago started a short position in the Dow and today we've got out of our last of the trading positions in the diamonds so now we have more of a buy on a short term to the downside. Doesn't mean we're right, no way, you can't tell whether you're right or wrong until you start to see certain levels get taken out. We have been taking out the ninth-grade moving average which this has walked above the green line all the time, so 35,754, let's say close below 35,740, we'd say aha, now maybe you've got something going here but you really need 35,605, the 14-beard moving average, you need to close below that as you did here when you saw it come down and turn pink instead of being green, the 9-beard moving average, so this is just a preliminary using only chaff and wave techniques because let me tell you if I was just basing it on the MACD, the stochastic, the 9 over the 14-beard moving average on balance volume and my chaff wave notation, I would not be attempting a short at all, so those are the techniques that we've used, we've used them pretty successfully before, doesn't mean it's going to be successful now, but this is what we're attempting, right? So the D slash B in the weekly chart, don't have to discuss that until we start to see what happens in the daily and monthly of course, no matter what happens you can't get a peak E until the whole of December, that's two full months, whole of November, whole of December is completed to see if there is a lower high bar to make a peak E in the monthly chart, alright cut that out the way, now we can go a little quicker S&P right now is at a leg D it could be a peak D yesterday's high, did I put that in correctly 46, 35, 15, gosh we've been moving so quickly every day I have to keep changing these 46 I think I said 35, 18, oh my goodness I was talking at the same time never do that, let me see 36, 35, 15, oh close but no cigar, alright there we are, there we are so we've got a leg D and it's at the 4th highest peak D where other things can happen we will see days young got a lot to do, we've got the fed coming up, we've got a lot of things, so let's get on, this is a leg E in the weekly chart and only a leg B with just one little minor modest peak since the low of 2191.86 23rd of March 2020 and here we are the 3rd of November of 2021 and this is still a leg B, you cannot get the peak B, you can hint that it's getting there but you have to wait for the full bar and that means the whole of December has to have a lower high bar, whatever is in the monthly chart of November, it has to have a lower bar and you have to wait until the 31st, will it be the 31st of December oh absolutely, that's the last day of the 31st of December, alright I'll be back and we'll talk about the QQQ full-time high, running back a little bit, down 6 cents, I'll be back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. This daily market newsletter, Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com TFNN Educating Investors What's separating you from the most successful men and women on Wall Street? That's right, information. 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At TFNN you'll get advice and guidance from the authority and technical market analysis. And it's not just dry tedious text either. TFNN airs live from the financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV. Live every market day from 8.30am to 4pm eastern. For free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money. Search online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618 I'm going to go back and doze down 110 sbs down to 7.5. You're looking at the QQQ's down 12 cents at 388.95. Made a high today of 389.95 but this is C. Now it doesn't really have to go to a D. I can just tell you that's kind of what buy modes do in Chapman methodology. So all I can say is there's a chance that we have a pullback and later maybe starting a little bit more aggressively in the QQ's later today and then maybe make a lead D so that means we'd have to have no new high tomorrow that's Thursday maybe Friday pop to a lead D maybe Monday have a bit more of a pullback. Let's put this together with the SMH's. SMH's are in leg E had a round number high yesterday of 280.00. Today's high is 280.46 down 39 cents to 279.44 Magnus fantastic stochastics at 99% 99.07 that means you are 0.9 94 away from 100% which you never reach. I've never seen it. I've seen close but never this is I mean absolutely ideal to get the semiconductors to tank from here and to go under 80% you'd have to have a move down to 263 or lower. That's I mean amazing. So I suspect that that's going to be the clue that we might find that there's a rotational high remember high sometimes are made in rotation lows are made within a day or two of one another like the March low of 2000s March 6th on Friday March 9th on Monday and 2020 2009 March 23 this past year we had coincidental lows but highs can rotate I mean remember the IWM made its high back in February and now it's just made a new all-time high. The Dow made its high August 16th and the others have come on closer. So I'm just saying a high but I just think it's a pullback one that we would like to trade because I don't know how shallow or how deep it will be yet until I see exactly how the technicals respond if there is a pullback. So the question a number of questions coming up is a time to short the SMHs. We have not gone short the SMHs. I love the SOXS as a trading vehicle but this is leveraged and it means that you just have to get it perfectly and a bunch of you that asked about it if you're interested at all I would just say to you be really careful but if you're monitoring it and you know exactly what your risk is yes it made a peak C1 C2 and the top we were short at some point we viewed short the SOXS via the SOXS and the SMHs and then we took profits and we haven't been yet so if you're thinking about it here's a nibble at 526 but remember it moves look at this it's down just 3 cents that's .47% so all I can say is you've got to be very careful this is the direction same as I believe this is 2 to 1 short just someone correct me I just don't know why I always forget on the SOXS is a 3 to 1 I know that when we've done and we've had it's worked with us and I've accommodated for that leverage but all I can say is right at 525 the low today is 523 so at 525 524 in this area if you want a nibble I haven't got the sign yet I still haven't got a full sign to say that I'm ready but if you do look at the SMH 120 minute chart and we get there let me type it in over here look it's in a leg D but it's still a leg D in the 120 it hasn't made a peak yet so you've got to be real careful if you prepare to say have a 10 cent or even a 15 cent on a leverage position like that you can try it I haven't done it yet we've done other things which seem to be working so going step by step all I can say is it would be on my list tomorrow although I don't want to get overly short here because I still see strength I don't think this is the major top I still see that Mark is holding quite well going into with a couple of really sharp pull backs but I still think it's going to hold fairly well going to end of the year that's at the moment I could change that so yeah I'm looking at that computer and I should be looking at this one as well yeah so alright that's what I'm thinking now you just have a very tight stop in and even now why don't you wait for a little bit of a balance now try to get a better price two cents makes a difference believe me we saw that in the percentages SOXS trading now at 23 now it's at the low of the day I'd have a little patience just have a little patience but if you want to put it in a 2% stop on a leverage like this that would make it 10 or 11 cents I'd say okay you understand the risk cause that's fine now what I want to do is I want to go to the IWM the Russell 2000 still strong it's up 215 at 236.57 I can't believe we were along from the 176th area way back it was a year ago sir and it had a spectacular move we took profits then I got out at about 215 and I think it was and now look at this it's at 236 it did go down to the 210 level it gave a couple of chances to get back in in the 215's I never took that chance and here it is I am going to get a leg F could be an alternative count because the MACD is really strong stochastic strong on balance volume is good not great but good and the 90's way above the 14 so all I can say is watch this closely let's just do this real quickly here so the IWM is at a leg D in the 120 minute chart I didn't do this the ES that's the continuous contract a leg C in the daily big C1, C2, C3 even a C4 in the 120 minute chart just pulling back a little bit leg D in the weekly let's now go to the gold a huge move down 26 points at 1762 we are along the GDX we've raised the stop so that we don't take a loss so far 31 a contel I think we are still long but I'm not happy at all I wasn't happy about yesterday's action very unhappy about today's but that doesn't make me very sad because we are still along the dollar and the dollar right now is up 0.4 ticks at 94.13 up in the higher range I still think the dollar is holding really well under these conditions and I still think it's more a benchmark for me that's the reason why for subscribers I still have the dollar a leg C in the 120 minute chart one of the reasons is I think it's it is an icon for the American economy I'm making it as simple as possible now let's go on we want to look at silver remember yesterday we were looking at the chart and I said wow I didn't like that at all don't like it today it's down to 2311 down 39 cents from a peak D at 200 period moving average now I can put it down arrow it's in the cell signal to cell mode that's just the day the week is still basically in the cell mode and hopefully it's just so that's that I want to quickly do a high grade copper high grade copper is at the lower end of the rank after the peak how many times we can see in sharp go backs 3D systems 1 2 3 3D is right 1 2 3 nice move up there oh that recycled up that's it are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading market and join the Tiger's Den trading room only at tfnn.com the Tiger's Den is an exclusive trading room where 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and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com So a couple of things had a trade in the trade in the 10 was then had this analysis it did not just extremely well unbelievably well we was talking about this ARWR and we've done this very often we had the analysis but he had this trade and just basically from way down it's trading up $299 today 78.89 up 4% however yesterday the spectacular move in three days has gone from the 63 area to high today of $79.50 hasn't quite filled in the gap but this is a daily leg in the weekly and the monthly chart looks like it's trying its best to get to the 78.83 area we'll see what happens there so very good and GT just in the dent has been talking about GT this is Goody attire for I don't know how long I think it was it was below 20 I believe and now it's trading at 21 well back in the 17s and now it's 21.62 yes very nice leg E in the daily only a leg C in the weekly and a leg E in the monthly and it's gone back to the left side right side price time match that I drew in it is about in the left side right side match but it's going towards a 21 level that I had typed in let's go to Phil in Puerto Rico Phil how are you what do you know what do you say basil yeah it's nice to hear from you what's the story the story is ADTX I've been swinging this for a while you guys helped me a lot with this I just wanted to see what your methodology was telling you particular ADTX so ADTX is trading at $1.82 it's up 5 cents of course when you had $1.82 5 cents means it can be up almost 3% so let's do this big move you can retire with that so now what I'm going to do is this I'm going to draw in the first thing I do is I say I can identify a cup formation forming and I always wanted to do it looks like a liver I guess you got the one side and you got the other side all based on a cup formation now I'm going to show you something that I like to do I go from the left side low and it goes peak A peak B and a peak C and that was down I'm going to give you the exact numbers in a minute A B and then it fails but it fails because it takes out the left side low so that becomes a C minus what I'm talking about is the rally that started on the 21st of September at $1.52 and it ran with a real bumpy ride getting to $1.86 then slides down to $1.63 sorry 57 no $1.51 and then it rallies all the way within one day it goes all the way to $2.19 and then it has no problem going back to $1.51 like this $1.50 is magnet just keeps pulling it back but then what it does is it starts another move and now from this move I have to call this a leg A right brand new A and it becomes an A failure if it took out that dollar and let me just see if it took out the left side low I'm taking a little time over this because it's very intriguing for percentage gains it doesn't hold the gains but if you're able to grab it and run $1.51 $1.51 $1.52 so okay so that is a peak A pulls back he has another A he has a B alright so this is what I'm going to say to you in the pattern that I'm looking at it's got it's it uses the whole $1.50 as a springboard it's done it every time and it has it's very seldom there for more than it's a couple of days before it goes back to the $1.60 $1.70 and then spirals higher now it's trading up $0.05 at $1.81 do you have a position yeah what I do is I trade the options and then I use the profits just to accumulate more shares is what I do so yeah I just I'm constantly building a position I mean I trade around my core position but I want to accumulate as much as I can and hold it through next year because that's everything I read fundamentally about the company that's when they're really going to launch this this global initiative they have and execute their plan okay so you have a plan what I'm going to suggest what would the options cost what would it $1.75 option do they have options what strikes well the strikes go excuse me anywhere from what was it $1.50 to I think they have $7.50 now not in front of the computer $1.50 strike to $5 or there may be $7.50 calls but I would say $1.50 or $5 okay so this is in play for a number of reasons I actually don't know what they do but let's just say you don't have to know what they do right now because it's building a base in the weekly chart the monthly chart as that allows you to look at the monthly chart but the weekly chart has just begun to improve and as we speak the MACD is just about to turn positive and it's got two and a half days in which to do that by the end of the week so this is what I'm going to recommend if you're looking at it and you're trading the options it gives you time it means that who cares if it's $1.82 today and tomorrow it tests 172 the 9-period moving average especially if you're looking out at say calls that are looking towards another pop into the 190-210 area that's kind of the way you're looking at it right correct okay so if that's the way you're looking at it I'm going to suggest to you that once it starts this big up spike it sometimes takes three to four sessions between two and four sessions before it actually takes out the left side high you're at $1.82 right now so I'm going to suggest to you this is the way I would look at it I suspect that if there is a move to today's high of 185 and it holds there and it holds there and holds there and there isn't a sudden pullback to 183.1.82 but instead it breaks above that level towards the end of the day that tomorrow you could see a very quick gap to the upside above the 189 level so that's all dependent I would not like to see it by the end of the day closing below today's low so far which is 178 if it does that you have to wait a little you have to have a little more patience but it is obviously making higher highs and higher lows that's the theme the theme is also it cannot take the strain of holding in the one in the $2 area it constantly has to come back so just keep you know I love to look at stocks and say tell me what is your character and the character here is is trying to form a base I'm going to just go if you're able to see my chance I'm going to grab a base and I'll just say this is the most obvious trading area between about $180 and $155 and it should not hold there too long before it tries to pop back over into the $2 area so keep that in mind and I think you're right I would at some point you're going to be wrong but I would keep grabbing money from the options because I'm saying at some point it's going to hold and actually climb into the $2.20s but as long as it keeps going into the $2s I take some profits and I keep trying to do this over and over but my eyes says I think you're right I don't know about next year but I think within November there's a chance that it's going to try for the $2.20 to $2.30 area are you in the market for buying or selling real estate in the Bay Area including the surrounding Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you 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technology insider at TFNN.com for only $37.50 sign up for David's newsletter the Technology Insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee 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 Direction Investments.com 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC 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 folks so Phil you're still there I'm here that's fantastic I appreciate your time and I just logged on to my computer they have strikes from one dollar to seven dollars okay and what is the price more let's just say the dollar 75 or 180 what is the strike is it more than 25 cents or 30 cents oh shoot give me one second here I'm just going to tell people that it is I'm just going to log back in here the six dollar strikes four dollars and ten cents bid five dollar three dollar bid four dollar strike a dollar ninety bid thirty strike seventy five on the 19th November so I think we're both thinking the same thing I just checked out so this is in the biotech immune system so I wanted to say earlier on that I completely forgot to mention looking at the chart I was going to say wow if anybody knows whenever I look at these things this looks like a biotech stock a very low price biotech stock in the old days I don't think they can do it anymore as I recall it used to look as if they were giving options to the people in the company so that they could pay them because they usually didn't have very much money and that's the way so the options would spike once a month or every two weeks and then probably they sold them and then they would collapse again they go back to a dollar ten or whatever it is this is what it looks like but to me absolutely I see the same thing basil and I see the strikes that they execute to turn into the shears so you should check it out look at the board there's some heavy hitters on there from black rock a lot of that your typical high-risk biotech but I'm putting it down I'm putting it down as one of my potential screamers because when this goes it really goes even as we speaking is now at 183 so yes so I feel confident in what we discussed that it's forming a base and that's the most important thing if it ever breaks 151 that's a real problem but so far for months it's held that support just treated as every time it spikes up take some profits off maybe you even want to keep longer distance calls because there's going to be a point where you take your profits and the next thing you know it doubles up again on the upside because that's when it breaks out before so okay well good luck let me know how it goes I appreciate it thank you so much you have a safe week and you too thank you very much so folks this is my pleasure thank you for going so let me just do this I just while I'm looking at it I had a question about FUTU yes it's trying to fill in the gap it's up about $4.94 it's 60.46 this is the move that it's really important because if it isn't able this is whatever it saw I did this yesterday FUTU Holdings I believe it's a Chinese company if this is unable within two weeks if it hasn't closed above 74.50 but it's stuck in this range it's going to be stuck here for a while longer so that's all I'm saying a couple of questions I had let me just go to this so let me go through this slowly so I haven't I looked at gold I looked at silver I looked at copper I looked at the dollar now what we want to do is we want to go to crude oil so crude oil is down a little bit what was the report that came out let me see what it said I think it's who posted it thank you Ruby so this is the data showing 3.59 million for crude after the private data showed crude inventories higher builds of 3.59 alright so it's not affecting the oil crude oil positively this is the pattern we're looking at let me just make it a little expand a little bit more so you know what I'm looking at see this big red candle it's the second big red candle since it made its recovery high of 85.41 that gets smoothed out because this is a continuous contract I wouldn't trade just off the continuous I would actually have the contract that I'm wanting to trade December or March whatever it is but in this case I'm using this for my benchmark you can see the USO the United States where did that go oh United States oil fund is exactly the same thing look USO that's actually lower this is already made Lake beat to the downside made its recovery high over here at 56.9 on the 25th and Australia now at 56.24 not a big deal but it's a big deal because it's making lower highs and low lows as it arches over and I would suggest to you now I know I heard Teddy Keck start talking with Tommy earlier on I managed to get that I managed to actually listen to it and Teddy was saying he thinks oil could pull back a little bit but he sees higher highs you know I also see higher highs but I think at this particular point there's a chance that crude oil let's just have a look at the jets this is the US jets this is the US global jets ETF up 31 cents at 23.04 this is the rotation I'm talking about so maybe all of a sudden you can get this helping the IYT which is the transportation index average which is up 28 cents at 274 after the leg D high yesterday recovery high just off all time highs of 8287.40 the most recent high and this was like in 279 so we're looking at maybe you're getting some kind of a pullback here in crude and we're going to be watching this is all I can say is that for subscribers we did set up as I say a short position don't usually go into commodities in terms of shorts we are in the commodities you know we are still along the DBA we're from July I've lost you I think it is in the 13s and marriages at 19 but look at this we just made a peak D what are we looking for in the Chapman wave methodology we're looking to see if there's some kind of a top at a D or an E well you made a peak E at 80 I can't even see that it's 807 was that a round number anyway 807 it's pulled back it's a 782 leg C in the month in the weekly chart leg F so it's starting to pull back you're looking at soybeans just sideways just in the sideways trading band look at corn corn had a spectacular move and it stopped right when I'm calling at that D and if that's a D you pull back from the 580s to now 568.5 so we're going to be watching this closely there's this whole rotation so there's no reason why you can't be looking at oh soybeans sorry sugar always sugar is trading down 17 says in 1937 so I've often seen where some of the commodities not necessarily all three of the ones that we're following but if one or two start to pull back sometimes soybeans start to move higher it's just like they're in their own world all of these different ones and look at that if soybeans in the next two three days not if it spikes over it has to close it's at 19.36 and 19.36 is fine it's down 18 cents but I want to see this trade and close above 1971 preferably above 1976 and then it can tackle the high that was made for a new leg C above the 27th above the high of 19.86 now a whole bunch of things I wanted to do and I'm just about to run out of time no I've got one segment to go go rush through that segment I've got a bunch of things that have come up that people have asked me about and I'll do that be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the 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segment is brought to you by thinkorswim banner on the front page of TFNN.com yes real quick questions came up micro strategy MSTR trading up $1.84 $7.95 for 98 had a massive move back in February I think February of 2021 it went to 13-15 round number high of those round numbers pulls back a little bit down to 400 and now it's trading at 266 up 237 off the yesterday's big spike to the 840s 841 round number high that's leg E we'll see if this is going to make a peak for the moment leg D in the weekly chart the next thing I was asked about was Marriott so look at this if times are so bad why is Marriott international resorts up near it's at an all-time high as we speak at 164 this is I haven't I can't do any work real quickly on this I'm calling it an F but it really looks a lot more like a B and a C in the weekly chart D in the monthly chart these are all-time high so this is you know the market and things are not nearly as bad as people say and if you've got the RTH which is the retail index at an all-time high as we speak at 188.38 I would venture to say to you that the above situation there must be some amelioration of it because how can you have retail this includes the bricks and mortar in fact I'm running for sure this has Amazon so I just want to mention that a couple of things that I wanted to look at here is within the context of the markets let me just say that if by the end of the day the Dow right now is only down 46 if the Dow is at a new recovery high today above yesterday's high of 36,088 I would venture to say you know what maybe things are not even close to turning down because I would I'd be looking at the S&P down 14 or 16 or 18 at this point if the market was going to tank until you see the fixed index running sharply into the high 17s and the S&P actually down the mixed market with new highs coming in some of the interest have a wonderful day see you soon for a great