 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 everyone on this Friday May the 13th Friday we're looking at the dial of 382 points at 32,107 so let me just do this real quickly because it's technical Friday I should go to this chart that I show subscribers subscribers you didn't get this I sent everything out and it came out as three icons that you should have been a scroll down and you saw the charts we sent out an update thank goodness the update was I didn't want to do anything until 840 this morning and that's exactly what we got might have got one particular buy but definitely got another that's up really nicely from the low day is young let me explain what I'm looking at I actually got rid of these things I typed it in I was getting messy but it's so important you know I've got this pattern that I call Roman Chapman we've Roman candle we're talking about that I've spoken about that in the monthly chart of the S&P at the high it's maybe real nervous about that long wick but look at this you see this long green candle this is at the bottom instead of being at the top called the Chapman we've green Roman candle with a tiny little wick and all at the top and a long body and then a green in this case a green body that's half to three quarters of the low we did that once and we had a fabulous rally for about if you had to count the bars it was about two and a half three weeks and then we took it out we plunge from the 33,000 150 January 24th low to 35,000 824 high made an arch formation the dreaded age tumbled down and made a brand-new one on the 24th of February exactly one month later 32,000 272 and that one lasted also quite a while but it only ran up to a peak be the other one went to peak C minus failed this went to a peak beam and then pull back sharpie and then at that spectacular run to 35,372 pulls back sharpie runs up to the high of have I not written that dating I believe it was April the 23rd or so at 35,492 peak E in that cup formation I drawn in the vertical lines to say uh-oh one was strong on the left side the retracement to the new high was weak and we started coming down and then we made another one that I called right there 32,449 in the second of May I said that is what I'm terming a half Chapman wave Roman candle the body was just too too small but everything else was right and if we went halfway into the week on any shorter term basis watch out because we could take out instead we ran up for two days before sneezing went to 34,170 I wonder what that is only time I sneeze is just doing the show 34,000 want my talking maybe that's called because of the filters in the nose the schnoz I don't know whatever happened this is 34,170 it comes tumbling down in a dreaded age pattern and then yesterday we made the same thing with an even smaller body so now I have to call it a quarter Chapman water mini Chapman wave Roman candle the theory here is if we go halfway into the week within one or two days after that week's low in this case 31,000 uh I don't think I updated that did I yes 31,228 yesterday that's very negative but if we can close sharply above the high of yesterday that's really important but it isn't good to do it one day you actually have to do it two out of three sessions so that's the scenario we've got right now and that's the reason why I say to you subscribers that's why we want to position ourselves in a certain way and now we're going to see what happens because all of the technical stuff that I do was based on three potential outcomes over since Wednesday one was that we have a rally a very sharp rally and it fails and then we come back down make a lower low and then Friday that's today there's a rally that fails and we close way off the low it doesn't have to be negative but just way off the low and then the whole new and then it should include the NASDAQ and then you'll get the media just the weekend will be flooded with negativity and Sunday night the futures are down sharply Monday we come in and we get one of those really important lows my thinking here is that too many stocks that I look at that are really important like a Microsoft like an Apple in this is in the big real big cap sector of the Dow are just not I don't think they're ready for the major major low that would see us make the low for the year and then start moving up into new highs I think this is a work in progress so as it stands right now what we're looking at is look at the chart we're going to show you something quite interesting is that we've got the Dow up 382 so off the lows and now let me show you something also even even more interesting within the context of the S&P the weekly chart could in fact turn out to become a red at a low Chapman wave Roman candle now let me explain it in greater detail because this is technical Friday there's nothing much to do unless you've got your positions if some of you got your positions late yesterday afternoon you've still not seen a fantastic rally if you've got positions that you've just started you need to see it sustained throughout the day you see this candle right here at a high all-time high in fact 48 1862 is a tiny wick and a long candle to the downside for the first time it goes to the black 14 period exponential moving average it hasn't been there it hasn't touched it since the breakout of the 20 of May of May of 2020 I would say May 2020 was approximately two years ago and then it breaks it breaks this green 9 period moving average but then it closes the month halfway or just over halfway of the whole entire body I see that's a Chapman wave Roman candle we saw it back in October of I'm sorry yes October of 2007 and that was the hint to say we've now got a cell signal that's pretty much going to go to a cell mode if we take out the wick within two sessions and go even lower while we did that well we did the same thing here so this is the high of January February we form another Chapman wave Roman candle not ideal but pretty close and we go halfway into the wick but close above it in March and then whoosh April we go down we go below and now we've gone even lower so this is the importance of the Chapman wave Roman candle at tops at bottoms they have a different implication there's a difference if it's a green there's a difference if it's a red a green says pushing above says that you've got a moment a green that is at after you've come way off the lows green says something else and now look at this candle the day is young what we're looking at is at 4005 we've come off a low of 3858 just yesterday if the candle if we turn around and this candle closes let me put it this way it negates the whole pattern if we close under 3950 feet all right there's a lot to discuss Basil Chapman Tiger traditions hour got a bunch of questions I want to just finish this up and then we've got a ton of charts to look at oh there's so many things to do let's just see what E-mini is right now E-mini is gone E-A-E-C new legs in the one minute chart I'll be back are you looking 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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 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 toll free at 1-877-927-6648 internationally at 727-873-7618 Hi folks so just let me do this because I did this dude when I was when I saw for Tommy yesterday in his 9 a.m show and then it began at 10 o'clock and I said look at this incredible channel stuck between the like a tube a sloping down tube the price is just stuck there this is the e-mini 10 minute chart and it continued that way in fact after my show which was here it had the big rally and they went right back into the channel and what did it do you remember I spoke about this technique if you want to develop it it's really fine I've got webinars I talk about it I had a number of people saying could you go through these and again well all I do is I take a trend line you've all got trend lines on your software every package has that you might not have arches which is a great shame I'm it's really arch I've divided the arch into I could have it as an arch but I've I've divided into quarters semi on the semicircle that's over here dreaded H pattern and it went to a lower low but look during a time of Brian show as I was listening to Tommy to Tom look four five five times in the 10 minute bars we went into the channel we inside track propellant zone it didn't break down it held it held it held and then it went slightly higher and then it broke out it broke above with the peak B went to the 200 period how important is the 200 period moving average well when I was on my show as I was wrapping up it got right to that at a peak B and failed the winch could be minus at the 200 period moving average went back to the channel we've inside track propellant zone and ran up to a peak B just under the 200 period moving average and remember the closer you get to 200 period moving averages the more important it has both as a magnet and then as a propellant or repellent line well it was a repellent line and then it said I'm done I'm gonna I'm gonna push through and it's stored for four bars and then boom def and then a g and a pulls back and the green line period moving average over the 14 now what we're doing is you see how we've been above the 200 period moving average look how we moving sharply high up 79 at 4006 now the buyers are being forced in because we didn't get the usual smash to the downside hope this is going to be very interesting one the reasons why I'm really hoping that folks might for subscribers I'd say to buy a particular thing and it went to with it it's a high price I mean the price itself is triple digit it went to within pennies so I'm hoping that you said hey I like this the analysis is good you could either missed it by nine cents or you just said this is the area I want to be in but we have got one of them that's doing fabulously right now I'm not complaining I'm just saying I would have liked them both for a couple of reasons that's okay I'm very I'm strict about it I have to call it a miss but I know some of you said we did start the position there and that's great so here we are in leg D in the 10 minute chart I just wanted to go through that now that's enough for this I'm going to get out of that let's go to everything else I want to discuss now the SMB is up 82 points at 4012 so the three scenarios was one that the market just ignores any good news and it just keeps siding down lower highs and low lows low lows the the other one was that we we make some kind of a low that was yesterday and then there's a good response today and instead of sharply pulling back this starts off this kicks off a rally but without what I call the climactic event of the VIX index in this case going above the highs of the the start of the war that was back in the 24th of February where it went to 37.79 I said we have to wait then that means we've got a fabulous rally some of the stocks are going to some of the stocks in the in the the very beaten down like the ARK came I was talking about that yesterday that's the area that's going to see the best response because what happens off a low off the major major turned out there is within minutes you've got a 10 15 20 30 sometimes even a 50 gain and then the gains are start to shrink but they're still strong but they're nothing like the big tops the top start to see smaller and smaller increments percentage wise because they're at a higher price so now what we've got is the VIX index is down in the 29 20s area I'd said that yesterday if the VIX can start to get to the 29 20s that's a much better sign especially in a weekly chart because we want to see weekly charts close lousy on a Friday that's usually a better sign than closing strong like it did three weeks ago so that's number one number two is within the context of what we're looking at let's look at the let's look at ARKK so ARKK is up a four at 4302 it's up 10 percent and basically what we're looking at is the low of 3510 oh I had this drawn and then I had a shutdown so I didn't get the I had this down the another reason why I was really looking at this particular area for subscribers as a potential buy is because it went into the chaplain wave inside which the reason why it's not there right now is that I had a shutdown suddenly yesterday I can't remember it was before my show after my show and I could not I don't know what happened I've had it fixed my man came over and did everything I needed but it froze I couldn't go to file and save I couldn't I couldn't do that I couldn't hit the little save button here I couldn't do it I couldn't do it and it was stuck I could see the prices but I couldn't do anything about changing the screens so I had to shut down unfortunately and I couldn't save so yeah we are the chaplain wave inside track propellant zone the magnies turning up the histograms been improving I like that there was a v-shape remember I think I spoke about yesterday that I'm seeing as the start of a v-shape now what is a v-shape look at this ARKK there's your v-shape in the on balance volume people talk about different indicators they use all sorts of things and I say they're a cut it doesn't work 100 of the time just add it to your to your arsenal of tools because when it when it kicks in look at this top right here when it kicked in this is the February the February on balance volume high of the 12th and a day later it made a top so sorry shouldn't that was of 2021 so the doesn't work all the time let's go to something let's go let's go to QQQ QQQ look at this QQQ there it is this is really it's a nice start but you want a v-shape like that and we haven't got anything like it just yet so that's a saying and now I can go back to my scenarios and the scenarios say that if we don't get that kind of climatic Monday it's almost I wouldn't call it a crash because I there's so much that's been done on the downside I don't see a crash coming at all I see this persistent rotation between the different stocks let's see what Microsoft's doing today MSFT I'm choosing Microsoft because it's a great company it's up six it's up 2.57 let's look at something like what was the guy talking about the other day a firm I mentioned the firm the other I mentioned had had how unbelievably smashed it was so the guy comes on and he's talking about yesterday he's talking about how for everything's going right everything's fantastic famous says no but you've got debt this I don't like the debt I don't like the way the debt's working in guys it's no this is fantastic and that's what I'm saying that you've got to be very selective here there's a rotational aspect to this that says if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today 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 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click the think or swim banner on the front page of tfnn.com folks we're back so now we're going to go through stocks ARKK a lot of people have spoken about this a very nice move of 3.96 at 42.96 is this the end i suspect that i'm going to draw this in that there's going to be some kind of an arch formation as the rotation says ah just for the moment just favor the nasdaq which is just beaten down so i think it can possibly go to the 50 49 53 area that's going to be the big test i would not be surprised if a lot of people start to shorten at that point doesn't break the 35 10 low that was made yesterday for me that's always a big question i always say that they're fighting patterns one is the v shape pattern which would mean that this goes up from here and you've got to start measuring left side to right side etc today's the first day i don't even think i need to do that and the other is so it's two fighting patterns one is the bullish v shape pattern and the other is starting to arch over and make it some kind of a top and how does it do the dreaded age pattern oh for you there's so many new people let me just do this dreaded age pattern where is that there it is dreaded age is right here so i always look at three patterns and i'm going to show you stocks right now we're going to go to them um straight line up straight line down cup formation arch formation mix of one and two or one and three there's one and three this is the dreaded age every one of these is a dreaded age pattern look well look what i can do right here uh dreaded age look there's this even just recently a dreaded age pattern it fails the left side low and goes it can go one to one to the downside which is just done um so uh this is where we start to see histogram has to improve on the on the mag d v shaped in the on balance volume stochastic only at 12 percent by monday or tuesday if this is still rallying towards this just touch the nine the pink nine period moving average if this manages to ready the height today is 43 36 if it doesn't pull back today and it holds at least in the mid range of 41 maybe they can be followed through on on uh tuesday so the monday aspect would have given me a volatility x volatility index probably spiraling over the um april high of the vicks hasn't done that so this is called the semi as far as i'm concerned a semi climactic relief rally uh it's just it's the mini earthquake with off the sharks to come so arc is a nice example of just a nicer bigger picture look at the qqq qq is of 3.17 a r k k is up um 10.49 so if you want to match i i don't know at this particular point whether it's arc i want or just kind of a generic uh like a broader index and maybe buy a multiple of two or three of the index i prefer at this particular point to be sticking to indexes rather than specific stocks unless the specific stocks you've done your homework those are the ones you'd be wanting you grab them and you just write them and see where they go to okay within that context i also decided to get a more conservative account of a biotech stock that's held so well and i've liked it probably should have got it when i wanted it two days or three days ago but i like the action so far and i want to be i i want to mix for subscribers we've got one that's doing really well today uh it's it's not in your usual sector that people talk about another one is um looking at looking at the broader context of what can rally here so within that context i'm just being very selective for subscribers now we can do this because i want to follow through with the questions that came in uh what was that question that i just missed over there yes so hood i had said a long long time ago in my overall analysis of the stock market for the mega big move still to come i think hood that's robin hood will be in play but i'm absolutely totally ignoring it i said for a long time when it hit seven point i think seven seventy yesterday was seven seven seven seventy one and it's up almost 30 today it's up 24 percent from the close of yesterday at 10.66 i'm not ruling this out because it's part of the vernacular that i'm looking at that says to me with so many and i'm going to talk a lot more about this with so many people working at home you remember for those of you around in the dot com dot com uh bubble going from that 1999 late period going to early 2000s do you think anybody did any work at all or do you think they were all looking at uh wherever it is and remember i had my one of my things i was looking at for my big mega cycle was one day there would be stock tickers at McDonald's well in fact there was in in manhattan a couple of them they were they were stock tickers at McDonald's um this is obviously before cell phones and everything it was in the old days hoson wagon um and my suspicion is that there's going to be a mega market somewhere and now we've we're filtering out so many different things it doesn't necessarily have to have the dow but i like the mix of the dow so it could include the dow but it could go into back into crypto it could go into something we haven't even thought of but there's going to be something like the real estate market of 2007 and eight where everywhere you went people i mean if you stood at the you went to the bank you there were three people on their cell phone saying i'm just waiting for a commitment or waiting for to get papers passed we haven't had that that's why this to me is not the big market crash that we're talking about that the end of the world for three years to come or more i think that's still to come and how does it come there are people around the world and i suspect trading in america stocks something in america that are trading from the computers at home so when the big big crash comes nobody knows who was hurt until they see the sales sign you remember the big wall street i've got it somewhere that's that for sale on about the third on the thursday october the 30th i think of 29th of 1929 outside the new york stock exchange there was a guy and he's got his beautiful also beautiful something orders and he's got the sign that says for sale need money for fair for food for family and we will not know until we got all these cars out there saying for sale for sale because it will be so silent you won't know their granny whatever her name is was playing whatever the hot stock is that's what happened in 2000 they used to talk about they used to talk about money going from it was all what was it widows and orphans or something widows and orphans that was for bonds well you saw grannies taking money i remember hearing stories about this in 1990-2000 who had gone from not the conservative aspect of bonds into murk or dividend stocks other dividend stocks and things like that they went straight from bonds into aol all these different different crazy name stocks and used only eyeballs and and said we're doing fantastically we have three million eyeballs four of the four million came from my cousin hitting his eye button over and over so i suspect that there's still something to come and then i think we've got a really look at what happens after that oh well that's a good that's a lovely way to start the friday let's go through this big questions came in so that was hood was mentioned yes i we have not gone into hood i think it's going to be a play i don't know when oh is that is that the bell the bell says get on with the show i'm going to get on this show right now there was a question that i had i didn't see it a devon energy again devon energy right here devon engineer holding very well remember i said that it's holding well it's one of the better ones that the energy helped back 161 are you in the market for buying or selling real estate in the bay area including the surrounding st 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 should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it 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 and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of 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 so a question came in about xbi xbi is the sdb biotech fund it held the chapter with inside track uh propellant zone beautifully the histogram is improving a little bit the castix lousy at 11 percent and on balance one made a w formation that's good i just think that this is an area that is starting to build some kind of support i'm a little concerned about the biotech other than specific i'd say specific biotech stocks what i'm really looking at in terms of just you know kennel square again massachusetts and cambridge um that whole area cambridge kennel square now it's boston and now they're starting water town they're getting all the peripheral areas they've been building and building my suspicion is that that area is becoming a lot more specific they had that used thing with amgen amgen i think we i drove by it recently i think norwell norwood norwood somewhere around there um but i think that uh it's very specific areas that could work and um what i would do is just look at really good stocks in this environment so i don't want to get carried away here by saying oh this is it this is the i'm saying for sure well first of all i don't know how long i've been talking since november i've been talking about the qqqs being the weakest link of all and then i spoke about it in cell mode in the daily cell mode in the weekly and a cell signal in the at least in the uh in the monthly chart and i've now got a down arrow and that says actually the qqqs on a monthly basis i probably should wait a little bit but they're at least in the cell signal i'm going to sell more designation yet so i i mean how anyway and for subscribers we've got this huge cat one of the biggest cash positions we've had in i don't know forever just a huge cash position traders we've been in and out in and out that's fine we've made them some money we're not that much but it's going with the down market it's good they're making money no i did not have shorts like i should have i just i was so busy concentrating on other things that i did not go to the short side like i should have i mean once or twice but not enough and within that context cash is king there's no question about it at this particular point there's a chance there are just some areas that you can deploy some money to and part of it would be a trading position for at least some kind of follow through it's not the monday scenario that i was looking at this is premature and premature means that you are looking at the chance that this is just another one of those bounces and you have to treat it that way put your stops in etc if it turns out to be even more and you've got a position that's held all the stops and it's going even higher that's a wonderful situation but because of the the vixx index and because of the way we came off the load yesterday and the way we bounced today that's not the kind of climactic load that says to me wow that's the load you just got to really put money to work just wanted to clear that up now the the question is i'm going through the questions here as a matrix as a matrix still for me the big clue this is this is the indicator that we need to follow because so far they none of them are starting to show any sign that says wow now it's time to get into the semiconductor index so until the semiconductor for me shows some kind of some kind of strength that is persistent to making higher highs and higher lows in the weekly not the daily not to say you couldn't get a bi-signal before that i'm just saying in a bigger picture intermediate term this is an area that just says to me at this particular point there's still that chip shortage it's i'm sure that when it finally comes will this create the kind of glut that i've been talking about that's really going to hinder the semiconductor index or there'd be such a backlog that they use up that inventory very quickly i don't know so that's the estimators trading right now up 8.75 at 229 there's a chance that we are forming a cup formation you wonder it went underneath a key number i think it was 220 216 yeah 216 let's see what the low was yesterday 215.23 i know someone out there is watching that 216 level where it went under it and turned up so we'll see if that's going to be a significant moment i'm watching that weekly candle as well because here again this could be a really nice rally but it could be a shorter term rally rather than just just a bounce and failure or a rally that is sustainable all the way into maybe june i don't know yet all right next thing we're looking at numbers so the questions came in i hope i haven't missed anything in the den if you could re retype it i'd appreciate that questions that you had earlier on tesla yep tsl a tesla had a bounce off the low that was made at seven at 693 680 round number low did not see that yesterday 680 round number low i wonder what happened to um nike he also had a round number low um so 680 round number low trading at 768 i would say that an 80 point rally is pretty good 40 points up today at 768 32 this is more a relief rally and this is another thing the clue is that i don't think that the tlt that's sorry the tlt the tesla i think it needs more to the downside um and i'm basing that on the weekly chart because it went underneath the left side low in an h pattern and the weekly the monthly chart is starting to fail so i think tesla's under pressure i don't think it i mean this is probably twitter and and and musk twitter's down in 41.05 i don't want to get i have no intention of getting into that whole thing right now i i had a question someone asked me about twitter why should i hold it because it's it should go to the 54 offer i said i wouldn't touch it it's just too volatile this you can see the dreaded h pattern within the the rectangle formation plunges down weekly chart doesn't look good that's twitter but the question was tesla and i would say relief rally but my suspicion is that tesla still has to test the 60s that's going to be really important to me and if it takes that out 600 with the next level i think the resistance between 807 the 9th period moving average 840 the 14th period moving average and if it gets above that by within a week and a half that if it does it very quickly i'd say that's impressive but if it kind of does it with the kind of draggy movement and it gets to the 888 200 period moving average level i'll have to reassess but i i think there's a lot of resistance out there just got to be real careful even today it's just i i'd say to subscribers treat this once i look peak d in the there it is you wait for your peak d's in the chapter weight methodology there's your peak d in the 10-minute chart and hit a high of uh 4019 round number high in the e-mini just round number in this case it's an e-mini it's not as important as if you're going in in pennies uh we're watching this closely i'll come back again in a moment but let's look at this so that was a question there so tesla as a trade i a dollar did i do the dog did i do all this i don't even remember doji candle and a leg f in the upside in the day the f in the weekly and a c only a c in the monthly and that says it should go even higher in 2022 but in the meantime i think that the dollar is very i've got the rectangle here i think it's very close we started to chop a little bit a little bit here and it can make higher highs but i think that it's China former base because the 102 level is in the absolute character to hold and that will impact gold because gold right now is now strongly down 13 and 18 11 i'll be back and we go all these stocks oh a little bit of a section out of that 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 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next couple of days so let me do this i i i've still got a ton of stocks but there were a lot of things i had to talk about today that were really important at least in the bigger picture so making a low like we did yesterday and then running sharply today is really important it's a good sign and it says yes there is absolutely a relief rally unfolding right now but if you're looking at certain things i don't think that this is the low i just think it's a low and i think it's one of the better lows that we've seen in a while the best would have been if we had a lousy close today and then our horrible news stories over the weekend and terrible selling on monday and by monday off you had about three ten in the afternoon maybe ten to ten to ten to three just as tom's doing this show we get this magnificent turnaround with the vixen the lawyer all that stuff that you'd always like to look at and we start to that would be a much bigger i think rally and longer chair so this is great right now the vixen this is 2955 if a source moved back to 30.75 later today you will see some sell-off but if a source is slight under 29 this means it has some legs to the up the market has some legs to the upside just using the dow as some people use the s and b i'll use the dow 466 if it's if it if if off the 220 to 240 it is only up maybe 270 that's not a good sign but it's if it's holding here we're getting stronger that's for example one of the weekend safety flow because the vent are coming up very sharp have a great weekend see you on Monday