 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 Hi folks, Basil Chapman, last day for me of the week that I can do my show I will be doing my newsletter tomorrow morning send it out early but I won't be I won't be able to do my show so this is gonna be I'm gonna do a kind of composite here let me just do this in the Dow chart in fact you know what I'll go right here because it's so important I've spoken about this over and over I actually didn't fully believe it because you know it's just technical analysis after all but the the veracity that this show this chart shows it's just quite extraordinary let me show you something as it pops up this is with the just the nine-period and the 14-period moving averages as just a wonderful kind of a guiding path not a GPS per se but just something that just sits there saying hey watch me because I'm really important look here's the Dow and when the nine-period moving average is the price of the big thick gray line I typed in here five three this is the third a month ago not quite a month at thirty-three thousand six eighty four I typed in let me just find the date here this is what I said was May oh wait one month ago it was more than one month ago it was full May full June yeah two months ago right so there is there is I said I was the thick gray line 90s the green or pink and the 14-period moving averages black so look what happened you went negative and the price came down then you went positive and the price went up and then when the price of the Dow pullback and what we did is we took out the money the the trading very short-term UDOW position took profits and profits and profits and then we just got out I said let's step aside we did go short the S&P only because I should have focused it on the Dow itself but I decided to keep them separate so we've just taken a very very tiny loss in the and three times short the S&P it is actually still above the stock that I had but this morning just briefly it went under it and took us out for nine cent loss from the 1459 to 1450 that's the original position but look what happened here in the Dow it went under it and I see to subscribe I I like what I'm seeing and we missed at that very low the other day that was I think on the 26th the the UDOW let me just go to the UDOW right here the UDOW three times long went to 5583 and I think we had a buy-in of 5578 something like that missed it by pennies and then it ran up and had a really good session then it pulled back but look the nine-period moving average is so close turning negative and yet it's deflecting higher I don't know if it's going to do something like this where it looked like it was going to cross that was back in late April and then it reflected higher for one big quick sharp move to the upside but I have to tell you something the way the Dow is is the Dow 30 the mix that it has for me is so important because what it's doing is telling me a lot about the economy I don't want to go into that right now I want to just focus on this look here is the 9 over the 14 here's the S&P maybe for those of you who like to use the spiral do that it's the same thing it went under it sharply under the black line which is the 14-period moving average the green if it goes above the 14 it stays green when it slips like it did for one day back in early May under it goes pink now look at this it's holding very nicely but there is a slight difference the differential between the green and the black the 9-period is called this is the the distance between the two is shrinking a little bit but only shrinking a little bit and now look at the QQQ is something a little different here why because the rally each rally is making lower highs and low lows so that just says to me stick with what you know in the sense that the Dow 30 really is a composite of so many factors that are dealing directly with the economy look today we just a JP Morgan move up because of the bank test success and there it is goes down one one bar goes pink and now it's back to L long and look at that price movement so I respect this now I used the back D I use all these other things but I have to tell you this is so important look XLK XLK turning down a little bit look at the SMH is SL XLK is the S&P select tech fund and look at this yes the SMH is down the dollar 13 so we had tried to short via the SOXS that didn't work out I have to tell you something that this is going to be a very interesting market for a number of reasons let me just go back yet to show you something with the XLF look the XLF also looked so close as the S&P select financial I'm using just one indicator the 914 I call the chamber of 914 okay and this particular instance close close close and then you fix up and yet it is you got a 41 cent gain a 1.23 gain in the XLF look at KRE KRE not quite the same chart it was pink pink and still pink it's struggling why it is up 1.04 41.58 this is the regional bank ETF so all I can say is keep in mind that there are some indicators that are not timing indicators in the sense that the 914 doesn't give you the timing of an exact turn I use other things for that but it does say to you if you want to stay in a trend longer than you would imagine based on other techniques try to use this particular technique it really does help all right but that said I wanted to go to something else here okay I want to go through all the different indices so yes or no I don't have maybe that today at 34,000 38 just a moment ago that's the high of the day I don't care we did we did go back long got a fairly tight stock we've got the core position from October right here this is the monthly chart so look yes the monthly chart it's moving out of this inside track repellent zone diagonal to these two lines inside track little channel but you would do that just based on time what is interesting is that the S&P has gone sharply above oh how does it work well look at this there's the e-mini yes you're 10 minute chart and I drawn this in based on that pd that beautiful cup formation that made a pd at 4 o'clock there was that sudden spike up and I said we could be stuck in a fairly tight range well we were stuck in a range it was a little wider than tight but still when you think it's an S&P e-mini overnight going from 4429 to 44 about 4415 at 15 point range is really not overnight that's not a big deal then all of a sudden at about 4 o'clock this morning we went 10 minute chart peak a peak and I just joined this upper two candles and I drew in that and I drew the falling exclamation which just an expanding cone that should give you a one-to-one on the breakout if it does that to the upside and it would almost want to when it went to the 7 to 8 30s a 9 4 8 30 to 9 4 swipe pulls back pulls back sharply and now the 200 period moving average Tigers and Tigers is get ready for our annual 4th of July Tiger dollar sale from now until July 7th you can receive a 20 30 or even a 40% bonus when you purchase Tiger dollars Tiger dollars are automatically applied to your account and can be used for all subscriptions and purchases don't wait this sale ends July 7th visit tfnn.com today to purchase Tiger dollars and receive a 20 30 or even a 40% bonus as an added bonus every order comes with a special tfnn mug happy 4th Tigers 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 and stock prices get the opening call newsletter by Basil Chapman and 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 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 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nicely it had a huge move this is that dreaded H that I always talk about the pattern we are so familiar with especially in the rectangle when it does this one big move to the upside goes to a peak B underneath the previous high that was a G slash C but it could be a C1 C2 either way look great topic short-term and it pulls back the mighty deflected lower all the techniques already weak except that nine deflected back up again it didn't go red it just turned up so this is holding very nicely I'd say that it's probably a huge move I mean just in a couple of weeks it's gone from the $7 range to the most recent of 17 I mean it needs a digestive phase nothing wrong there okay so I wanted to show you the weekly chart so the monthly chart of of the S&P and let me just go back to that I'll go through this S&P X because that's what we look at all the time so yes a gray a right here this is made a G stash C as the top at 44 48 47 round about the 16th or so of June but look at this it's gone to the peak E it did the left side right side price time-match right here a beautiful beautiful symmetry from the left side to the right side it deserves a bit of a break and he has a leg seen nicely outside so this is the pattern we're looking at so this should be at some point if this is to do those one-to-one parallel extensions that I always talk about in the Chapman methodology it's gonna make it messy I'll do this just for now to show you so we make this thick click click click make it blue going up just so you can recognize what's going on and then make it light green going to the next section are you ever going to parallel make that light green there we go and normally I would be like very careful and I'd go from the base after you've gone to the falling acts extend a inside track repellent zone I'd go to the a little v-shape under it I don't go to the breakout level that's something altogether they'll take us almost to the 4800 layer area I don't I'm very concerned with that way so you can see it's just underneath 4500 is really the target for this one-to-one to the upside and that's exactly what I was looking at here in the 10 minute chart let me show you so this is the top line and then we went to one and now I go to the little trough after you've gotten to that PD pullback and that went up there and now it's come down sharply now you've got peak a peak B the MACD is starting to improve the histogram is improving but it's not yet positive the stochastics allows you at 43.83 on balance volume is very good but price is the arbiter of the trend and the price you can see with this huge cup formation almost like inverted Eiffel Tower right now it's going right back to the high and this is now leg AB this is leg C so I'm going to put an up arrow only because of price not so much because of the technicals of the they are in the daily chart they're improving a lot look there's your A yes I know it's the end of the month but I was okay let me just get this out the way when I look at the potential for a really sharp drop where I really want to increase I want to get a really big position on the short side and one of the indices are three times shorter whatever it is I go heavily into it I just say small or nibble or whatever I say well let's get it let's start a position that's a that's a commitment so in this particular instance because the nine period moving averages were so strong I did not do that so I'm not looking at this oh look at look it's just the end of the month and all that I think there is buying in that rotation of the Dow 30 some of those groups are working look at the look at the the way the S&P every time it's got smacked that 200 period moving average has acted as a springboard it'll be a magnet if we start to pull back under 40 44 22 he said 44 26 right now but I think it's going to make a leg C in the 10-minute chart so that this is the same technique that I used earlier on let me just go back now want to go because the month is going to end without me being here for the last day of the month so I want to try to get as much done right now so yeah just a question came in let me just see where we're going to go okay hi Basil the SMH looks like it's ready to take a big breather and maybe start heading down to fill the gap do you think now is the time for the SMH to carry the market down or could it could be a few more weeks thanks Kevin so Kevin and the reason why I just broke off and I spoke about the Dow is because in this it's not even a bifurcated market as I said to subscribers the other it's really not even a trifurcated there are just separate groups and even within the groups you could you got some diversity so what we're looking at here is and I just explained now that we've got the financials and usually I get Bank of America close to the lows but I've been busy with other things and even now based on the weekly chart I don't know if the financials are going to hold up in this particular move right at this moment a fabulous move on the day I would give it a little bit more time and I'm not sure I would go back into Bank of America I might just make it either a generic thing or choose this is where I want to choose the best of the best of the group so I might do that but in the meantime so for subscribers what we're looking at by the way subscribers tonight I'll be doing my weekly overview I want to just get it out the way and there's a lot to discuss and I'm going to try to come compact it so you don't have to spend the whole night listening just I'll try to compact it as much as possible with the stocks that we are looking at this is such a perfect time to be looking at such for instance we got one yesterday we didn't get the full position but we started the position and it's up about three or four percent it's in the very it's a very short time now I try to get back into one of my favorites it I don't know what happened it got there was some selling pressure so if you were very lucky and you got in late after the market opened you might it might still be in but we took a little bit the first loss we've had in this one that we've had really good success with but in meantime back at the ranch I want you to show you that there's a huge look XLB XLB is the materials materials are holding beautifully but they haven't really broken out but they are holding well you've gone to a peak C in the daily charge could be C1 C2 it doesn't matter it's holding well the weekly charge made this arch formation which then turns into a very positive cup formation which says it should head towards the upper level if it closes above the arch high which is done a couple of times so that means the XL there we go XLB is in play to the upside right now I I'd be very selective I'd rather use some of the components one of the components one of the leading components rather in this case have the overall S&P fund so the weekly chart has turned a potential dreaded H pattern into a cup formation so it's acting well but not I mean when you consider what's going on and you consider the HGX which is just making a peak D today in the daily a leg G slash B fantastic action in the weekly and the monthly chart made an all time high so we've overlapping wave and should go to a leg D it's in leg C so that's why I'm saying I can't get overly negative I'll talk about that in a moment I'll be right back down's up just a little up 200 and I'll be right back 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 it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors TFNN has just launched their new trading room the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just one dollar for the year there's no cash or added costs when you join our community of traders in the Tiger's 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 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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 right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com hi folks so um yeah look at Caterpillar holding really well do so let me just go through this now because I think it's really it's education and that's what we're all about here at TFNN if there were and I had spoken about this for about a week now I've been saying if this is really serious in terms of the selling pressure you would get the S&P just there'd be bad news remember I'll show this chart as I'm talking look at this chart right here right here but I hope it's up there in the right one there go I indeed you okay I've spoken this chart about this dark news cloud cover that's just keeps filtering in and whether the market sometimes ignores it or it takes it in seriously that's the issue but at this particular point we're in the area where you can expect bad news that says that at any time I'm not going to say this summer or this fall this at any time wherever it is if the Dow breaks above this level yeah you've got an inverted head and shoulders yes the left side shoulder yes the head yes the right side shoulder you can break up the neckline and if you start trading the 35 000s you could be looking at something completely different so all I'm saying is that this dark news cloud cover is written is there but it also impacts certain sectors so here we are catapulted is a part I'm sure it's part of Pave I haven't checked out the components the last couple of days I might be forgetting what it is I just messed up let me just put that in here the Pave is the we do not have we did have Pave once I should have kept it I just liked it but it started to pull back it is all time high as we're speaking at 3107 I don't know how you're going to get the home builders and the global ex US infrastructure and development ETF at all time highs to actually crash all in one go it's going to be a whole process before it does and I'll have to start moving down and then the news gets worse and worse and worse I don't think we're there yet are we in an area where we could start to pull back and rotate the pullback because maybe as this particular sector pulls back is not showing any pullback right now but as this sector pulls back maybe the financials will come back at some point very soon and start to build something maybe not is the TLT is it the bonds oops try type it in here let me go to this chart right here this is the TNX TNX dot X look at that TNX go on to the D we always say a rectangle formation that goes to the D be careful because if that D and all this is really not a very long rectangle but I'm going to treat as if it's close to being a long rectangle look if this right oops grab in the right place right there if this rectangle goes to the D and then this is the this is the let me just put that in there D okay that should not be there that should have been a C and here's your C I think that this is a C right here okay so if this why is that ENPH there shouldn't be there okay um A B C breaking the resistance level and this is the 10 year treasury note so we're looking at 38.54 3.84 3.854 up 1.44 at this point up 3.88% in a day just like that so we're looking at the yields actually going towards the higher end let me just do this as a lopsided gravy cup and it finally goes to D look at the symmetry I just love this look at this this is chapwave left side right side price time match right there I thought I'd drawn it in maybe I drew it I drew it into one of the other charts um look at this there's your left side he has your right side bar symmetry there's your plumb line at that peak C and what does it say he says we've gotten above the high of the yield at 38.59 uh that was in May we went to the high of 38.51 in the week of the 14th of June and now right on 14th of June and now um one day early we've got you know two days early we've gotten to that left side high the high today is 38.68 3.868 as a year and it's breaking out I can't deny that years and I'd said this before that in the monthly chart there is the potential for a cup formation to go back to retest those highs at about the 44 level I'm watching this closely and if you look at the TLT the pattern that I oops the pattern that I've been talking about for some time I showed every single day just about the TLT if I can type it in there there it is that lowercase h that goes to a lowercase m is starting to show that it's even more important over the next three weeks that the 99 to 98 support holds otherwise you start to fill in all of this area and that will affect the yields and then I suspect that tall brothers and the others tall brothers making a potential peak E right here with an all-time high yesterday unbelievable um we'll be watching this very closely and if that happens normally you see the entire market come down but if you're going to rotate through different sectors that's going to help a lot so I also have to apologize swinging my head this way and that way to seal my emails I've resolved some of it just a little bit because remember I had to update to the two different email okay there it is okay I've got that I've got that oh GT GT wants to look at hood what are you doing there just okay hood is this is the Robin Hood this is the broker area brokerage area hood is trading uh just made a peak gsash see I had mentioned this yesterday I think I did this yesterday I was asked about it for someone who liked it and I said I think it's coming back there's no question about it starting to act way better than it had before uh all I can say is that I'd be careful though I wouldn't get too carried away I'd rather be building on strength than trying to uh bottom fish and this particular instance the low was in the sevens pops up to the 11s pulls back to the eights and now it's and yesterday hit 10 50 and today it's at uh $10 down 18 cents but that 200 period I think this is what I spoke about yesterday I said the 200 period moving average is really an important component here it's finally got to the area it means that it could zig zag around this and if the 200 period moving average could slowly move up that would be a trend change a major trend change it hasn't done is it's flattening out hasn't moved up and that says then you can start to look at the 11s I think it's going to take a little bit of time before it builds that kind of strength but I I do like it if that was a question I'm not sure if it was a question I'm not a statement but hood trading at 10 down 18 cents has acted much much better over the past few years and this was another reason that I I'm going through this IAI is a broker dealer index and it's having a big move up to it's up $1.51 at 90.40 the lowercase h because it's god it's gonna work to do but you remember schwaab you know the schwaab from that 45 round number low um just trading it capped up today at 56.74 um I'll talk about that when we return 1000 chapter take and this is our $173 as it is at five tigers and tigers get ready for our annual fourth of july tiger dollar sale from now until july 7th you can receive a 20 30 or even a 40 bonus when you purchase tiger dollars tiger dollars are automatically applied to your account and can be used for all subscriptions and purchases don't wait this sale ends july 7th visit tfnn.com today to purchase tiger dollars and receive a 20 30 or even a 40 bonus as an added bonus every order comes with a special tfnn mug happy fourth tigers tfnn educating investors 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 obrien 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 obrien's gold report newsletter now at tfnn.com are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to tdmer trade network at cnbc tom obrien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's 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 obrien'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 biotech is booming but for how long will you think the biotech bull has room to run or has run its course trade labu or labd directions daily smp 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 principle the fund 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 folks a nice a nice comment kind of statistic from Steve Rhodes in the dent he says during the last 25 years what percentage of the time is apple closed higher for the next 60 day period 21 of the last 25 or 84% of the time the years that it didn't close higher 2001 2002 2010 2015 thank you Steve that's really important information look at the way apple's gone to a new all-time high 18294 was ironed January of 2022 plumbers down to the 120s screams up again and here it is trading at an all-time high as we speak 190.07 was the high today and you know people keep keep talking about this the the magnificent seven but it's there are other things going on there are other things happening at the same time so it isn't just them what about the home builders I mean you know what about anything look at this builder in the home building area be a be your where did I go where did I take that let me see yeah BLDR look at this all-time high as we speak it hit 136.17 builders first source in building materials manufactured components etc that doesn't mean to say we couldn't suddenly pull back or ever have a digestive phase but as long as we can rotate through the different sectors so I don't think that if you get the semiconductor index with msmh's are now red down 71 cents at 149.41 and I'm anticipating that there is a chance I thought this could happen it could even happen with the Dow in fact we've taken a little bit of profit from that position we just saw because it's just a trading position right now and all I can say is I mean we had almost a 10% gain in two days it's even less than two days because just an hour and a half an hour and according to the trading day today on one position and this is not normal stuff so yeah there are a lot of absolutely there are sections of the market that we're watching that are I wouldn't say bubble material but they're getting into that really speculative area they haven't quite reached bubble area bubble the designation for me but they're getting there that's okay and then all of a sudden you get something like bots which we are so long bots which has been digesting gains over global extra robotics and a i etf which is just kind of hanging out here as stock got stuck under the 914 period moving areas 9 is just about to turn negative but it hasn't yet so yeah I am expecting a rotation but I am saying that it's remarkable how well the Dow has held in relation to what's going on but now look what's happening you're starting to see if you can get those financials you've got a couple of financials there that will help the Dow even though other areas look like they could start to weaken that's all I'm saying there's a rotation going on not overly bullish but I'm very impressed with certain techniques that have held and kept you in positions or in fact I mean for instance the s and p x the the short that we had if I I don't like to change I used to do that I found that every time I've changed a stop that I thought about and I put in I expanded or either a stop for on a short position or along to cover a long position whenever I change it it gets taken out it gets taken out for a higher number so I decided we'll keep it and took it out by now I'll put it right here look the SOXS had a nice entry into a week gain but it could happen so today's lows um oh no I'm not looking at the SOXS or SPXS today's lows 1455 oh maybe some people won't stop that it did go under 1450 which was the stop briefly just for like a couple of texts but I'm very strict about it technically we're out of it some people might still be in this one could still work but I don't like to change the stops in other words the SPY which now is having a harder time look it didn't as an extend yesterday's gain but it made a nice rally two days ago yesterday was pretty good extension and today it's slowing down and the MACDs week stochastics week but the 9 is still strong over the 14 so that's the reason why I said let the price tell me at this particular point it's saying yes it sounds terrible we've had a big rally and now it's giving back some now the SMB has gone negative again but look at that it is holding and that's what I'm saying so Kevin I'm saying yes we could see it but until I see the SMH's actually see the nine-period cross and I suspect the real thing will happen when we go underneath F and when we go underneath the low of the 24th which is I'm hoping did these glasses help me or not 146.96 so a close under one I just make it 146 a close under 146 is yes now the semis can go down to the next level which is 142 I think 142.98 that's all I'm doing step by step because if you did anything else other than step by step for the last many months you could get twisted each way you could be in and out and out it's just much better to be looking at and saying tell me tell me what's next all right so that's that next thing I want you to do is I went I did that oh I didn't cover the dollar the dollar is in a leg B but it hasn't gotten close enough to the 103.65 yeah the 200 period exponential moving average did go to 103.44 it's getting close the closer it can get to about 103.55 the the quicker it goes to 103.65 which is a 200 period moving average but think of this in the weekly chart we've got a lowercase h that has gone to a lowercase m the dreaded h pattern that goes to an m successfully goes to an m pattern hasn't taken out the left side low of early earlier this year and it's just stuck in a range that's all I'm saying that it looks like it's stuck in a range so yeah so those are the things I wanted to cover there's something that I had written down let me see what I wrote down so ARWR I think we did that was that yesterday I did write it down because it was an interesting pattern yeah making your legs see possibly peak C today this is the same pattern and all we're looking at is does it have the power to break away from the 200 period moving average well now it has the impetus because the nine is over the 14 but it needs price has to move and it's a 3686.06 this is arrowhead farmer biotech next question came in oh jet blue so jet blue oh nice move up to leg E now it's starting to slow down you see how the little the bars are getting smaller and smaller this is going to have a little bit of a digester phase up seven says that 8.80 now the monthly chart looks horrible the weekly chart has gone a sine wave arch to a cup so it's just swinging back it's breaking back you want to say so yeah so this is really important and if anybody's traveled lately on the airlines wow you're lucky if your flight gets there and you're lucky if you get any food I'll be right back tigers and tigers get ready for our annual 4th of july tiger dollar sale from now until july 7th you can receive a 20 30 or even a 40 bonus when you purchase tiger dollars tiger dollars are automatically applied to your account and can be used for all subscriptions and purchases don't wait this sale ends july 7th visit tfnn.com today to purchase tiger dollars and receive a 20 30 or even a 40 bonus as an added bonus every order comes with a special tfnn mug happy 4th tigers tfnn educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger stand available to all tigers and tigers for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the 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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 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com my vote uh just got the chart here and let me say just for the rest of the day if we take out 40 40 408 at support evening they're probably close pretty weak but at the meantime the 200 period moving average of 44 17 is kind of that's been the magnet point in the 10-minute chart now let me do a couple of things i first of all i wish i want to wish you all a very very uh just a wonderful relaxing and enjoyable long weekend and a fourth of july and um we are we're closed on monday and i will be awake tomorrow i will be doing my uh i will be doing the newsletter for tomorrow morning and i hope to at least get something out maybe monday just very brief monday if there's anything to be done we'll just do the same thing we did today and it stays in place for monday but that's not important just a short day but trading is trading i mean the markets open their positions so that's number one number two is within the context of uh all the stuff that we do here check out the front page of tfnn this is that fourth of july wonderful uh this is gift time for tfnn they're going to give you a mug i believe if you sign up for tiger dollars and that's just a fabulous buy you know you're always looking for bargains it's just a 20 to what is it up to 40 a discount on your position like the opening call this is a great time to uh get they get extended or even try it out not only that you get a 30 day trial 29 day trial so have a wonderful rest of the rest of the week and weekend i'll see you back there on wednesday