 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 internationally at 727-445-1044. Now, Basil Chapman. Hi, everyone, Basil Chapman on this 10th day of June. My pleasure to be here on Monday through Friday, noon for 1pm. You can reach me at 877-927-6648. And what we need to be looking at here is the crude oil. It's down 15 cents. It is not participating together with the market. And that's very interesting because for quite a while now we've had the market. Generally, the IYT, that's the Transports. We're going to type that. Let me try it, but we're here instead of in the den. IYT, which is up huge, up to 72. At 186.72, up 2.03%. Just about to hit the 200-period exponential moving average. I'm not a great pattern in the weekly yet. And the monthly chart needs a lot of work, but I'm pleased to see it's running with the Dow. In fact, it's leading the Dow. So this to me is something to keep in mind. And the other thing that's really important is that within the context of the markets, what I'd say to subscribers over the weekend, there are some things we're going to be looking at in my webinar coming up Wednesday night, 5 o'clock till 6.30 Wednesday afternoon. There's going to be so many aspects, but I'm going to be basing on a couple of technical tools within the Chapman Wave. Huge toolbox. See, it's a robot toolbox. And it's demonstrating some strength that you wouldn't really expect to see under these conditions. So by Wednesday, we'll have already had three days of trading. And that's going to be very important. And let me go through a couple of things here a little bit slower. The Dow. Within the Dow context, a question I had was, how come I could not anticipate a V-shaped pattern off the low when I gave the buy signal last Monday at the open? And rather than talking about a rally and then a possible arch formation retest, what's the difference? So I'll deal with that right now because I'll be dealing with it a lot more in my webinar, but I want to explain a couple of things. First of all, you can only get a V-shaped pattern when the price rises exponentially. Pretty much a straight line. Remember in the Chapman Wave, you're always looking for. What are we looking for? We're looking for... Oops, that's not it. That's going to be part of my webinar. Let's go to this one here. Oh, I don't have it. Okay. What we're looking for is a straight line move. And that straight line move has to take out all the peaks on the left side that are at least short in near term resistance, breakthrough it. And at the same time, you need a lot of momentum in the MACD and the stochastic, at least for me, to say what we're looking at is the torque. That is the energy. That is the actual generation of energy. Almost like when you're in an electric car, when you put your foot on the gas, there's no gas. When you put your foot in the accelerator, there's only a pressurized move down that accelerates the electrical components to the point where there's just the gravitational force is really so much greater than, say, on a regular gas engine. And normally, and that is what you want to be looking for in the stochastic, that initial thrust to the upside, that rocket ship move. You want it with price and you want the stochastic to go from under 20% to over 80% in usually, I like to say within two, three bars. Well, this is bar number five. It's actually six if you include Monday of last week. And the stochastic now is still only under 80% at 79, 84. So in that case, that was very difficult to do. Number two is you want the MACD to expand greatly. Well, it's done that. Let me go through. Look at the left side chart. This is the daily. That's the Dow. Here's the S&P. So the S&P has a very nice takeoff. MACD is very strong as a takeoff, not very strong since it's up at 97%. It's up at the highs. It is just taking off right now. And the stochastic's under 80% to 74%. So that's lagging in a sense, which one way is positive because it still should go to 80% and other ways negative because it's saying price. And the price there is also part of the surprise announcements because for the president, I was anticipating that he would implement the tariff. And then he'll talk about the actual, with Mexico putting in place everything that he wanted. And when he checked it off the list, he would lift the tariff. That's kind of what he was wanting out of China. And then he kept raising it, right? So this is a different tactic. As tactics go, I have to admire him. This was, at least to me, a surprise. So in tactics, that's a good tactic because he's still got something left. Now, as far as I'm concerned, I'm just looking at this and I'm saying the S&P has taken out the left side high of May the 16th of 2892-15 is at 2900 right now. That's very good. The Whitney Charles still hasn't gone to a leg D over the most recent high of 2949.52. So it's got the whole week to try that. My thinking here is that on a very short term basis, I think we're overbought. And I would not be surprised if we're looking at a peak A, probably starting tomorrow, going into maybe Wednesday. Some kind of a breather. As to the arch formation, having gone this high, it's going to take just an extreme number of bad news events to really take the S&P back down into the 2830-2820 area. I'm not saying it can't be done. I'm just saying that they would be unusual after such a big move up like this. You wouldn't get an arch. You'd get almost an inverted V-shape that Eiffel Tower straight up, straight down, single leg A failure. The QQQ has not got the same strength as today, but it didn't have the same strength as to cast it was running nicely, but it's only at 59%. The MACD is good, but it's way down here. A lot has to happen. I wanted to do that. I wanted to show on the left side chart the daily charts to talk about torque from the stochastic. MACD has to take over very soon. Okay, got that out of the way. Now as far as 120-minute chart is concerned, let me just quickly go to this area here before we go to a break. Look, yes, 120-minute chart. We're going to a leg D, Ds where other things can happen. I think that's quite likely that we do have some kind of, I'm only saying a bit of a pullback to make a peak in the daily. Look at this strong leg A in the Dany on the left here, right here. I'm not sure if this can be called leg one in the Chapman Wave CW5 method, but at this particular point, it is a spectacular move from 24,680 to 26,020. I mean, let's face it, that is big. 1600 points, something like that. Okay, so the MACD is very strong in the 120-minute chart. The stochastic is flattening out at 93.87. I anticipated with this Chapman Wave squash index right here that we got that you go to a peak, see the stochastic pullback a little bit as time was taken. It did take time. It took four bars in the 120-minute chart before you broke out to leg D. We'll see what happens here. Just call the resistance now is at 26,270 on the short term for the Dow and key support will be at 26,000 to 25,980. I'll be right back. Thousands have been tied to the technician's tower and the Dow is up 181. These are 27,000. I'll be back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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Check out the new tfnn.com now and experience all the upgrades. tfnn.com Educating Investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. So we're back and I want you to look at quite a few questions of coming, but let me just do this. I haven't quite finished my overview for the beginning of the week. So gold is pulled back very sharply. The GDX is at a peak E if there's no new high today and I know a new high from Friday's high of 2317. There's a 22-30 to it. I don't see how that could happen. So what I'm looking at here is within the context of the GDX, which is the gold miners. That is the Van Ek vectors, gold miners ETF. It seems to me it's been repelled from the 200 period exponential moving average. Some of the pressure of, how can I put it, the geopolitical pressure and economic pressure. There's a little bit off here and that might be why gold is pulling back. The other thing that's really important to me is if you look at the gold chart, the monthly chart, the GDX if you squeeze this here, it's still within a trading band. So I wouldn't get too excited. It's a really great trading vehicle, but I don't think it's doing all that much. It had a spectacular move from 20.67 up into the 23s. It was a spectacular move to the upside because it had been faltering, but I don't yet see it have the strength. If by the end of the week it's trading at 23.42 or higher, I'd be very impressed. At the same time we were looking at silver and saying silver is still lagging. It's only at a B and then it's had a sharp pullback today, minus 0.37 at 14.655. So the weekly chart is on straight back into this trading band. The monthly chart still looks poor. If you look at the EUR, USD, the euro, the euro-dollar currency pair, yep, that's not a nice move. It's finally tried to spike above the, here we go, above the daily down channel. It's gone to a A- and a B- many times before, not many, but a couple of times before. It's done this again. At 1.13, it better hold the low that was made from 1.22 or 1.120 over the next few days. Otherwise, I think it's going to go down even deeper. So this is very important. If it can break into the 1.35 area, that'll be excellent action. I don't know if I can do that. The USDJPY, which is the YEN trading up a little bit, up 0.32 at 108.53, has to go to the 109.0 area to show any kind of strength at all. It's just stuck more in the down end of the channel then and the up. And let me just once again show the dollar. The dollar had a really sharp move. I said to subscribe to my opening call. All along the dollar from over a year ago at 90. I'm expecting some kind of a consolidation here. I still think weekly charts says that this is the currency du jour of the year, actually. We'll see. And in the meantime, it held the 200-period moving average. It went to 96.45. That's at 96.45. 46, and that level is at 96.45. So it must have by 0.01. And I think it's in a chop-chop here. But if it's able in the next week and a half without breaking into the 95s, if it's able to get to 97.45, I would be very impressed with that action. That means that I'm correct in saying it's consolidating, because it's got a sell mode in the dating, but a sell signal in the weekly. We'll have to wait for this Friday to see if it becomes a sell mode. The monthly chart is still in a buy mode. Okay. Now I wanted to show you something even more important. Within the context of the VIX index, the VIX right now still showing some strength. It's down to 16.24. In 16, it says that some buying, insurance buying is going on. But if it starts to rally, because the market slides later today or tomorrow, if in the next few days it trades at 17, 17.20, that's suggesting that the market is a little overboard and should be having some kind of a pullback. Okay. Now questions came in. The first question was way back. If I can find it here, could I look at... That's a 12 o'clock. There it is. I wanted to get in the... Could you... NVTA. NVTA, which is... Not Nvidia. This is NVTA. I did it again. I think typed in the wrong place. NVTA. There we go. Trading at 19.97 up at $1.05. Whoa. This is nice action. Nvidia Core Diagnostic Genetics. And I can't remember what I said the other day, because there was that huge gap, and then it was really struggling making a cup formation. I do like it. Actually, on Friday I wasn't... I don't think I was asked about it. I didn't like it too much on Thursday. Friday's action was very good, and I might have said, yep, yeah, I would do a little nibbling. Of course, by today it's already up quite a bit. What would I do now? I'd still say I like it. I like the fact that it's acting well in this environment. It's holding well. I'm going to say at $20, I would prefer on this candle if you could wait a little bit, maybe more towards the mid-19s. But actually, because I think it's going to try to fill the gap, that's with a high of 21.12 on the 8th and below the day before on the 7th, a low of 23.68. That is a huge three and a half point gap. I think it's going to try to get there. So I don't say I'm going to be in a rush, but I would just start a little position in this area, preferably in the 1970s, but 30 cents is not going to make a difference at this particular point. It's really just a starter position. So now what I'm looking at within the NVTA is up 1.12. The MAGD is good, and the stochastic gas is now going to 75%. So yes, treat it as a recovery. I wouldn't treat this as a new buy signal. It's just the start of something that could be good because of that big gap. That's going to be a big hindrance and a cap on the upside. Had a question earlier if I would go to the, oh, this is 1529 on the rut, but I want you to look at the ESM. I was trading the rut earlier on, so I've got that notated. I don't have. I have the 10-minute E-mini trading at a peak D with a high of 2905.75, and that's gone with the MAGD just turn negative. Stochastic is at 73%. Yeah, I think this is, I've been looking at the down. United Technologies is part of the problem, but it actually didn't. None of the market is acting all that well. I didn't think from the opening. I would have thought that the futures were up of maybe 18 to 20 points in the E-mini, and the Dow would be up 230 to 240, and then it would hold it and use that to accelerate higher. I'm kind of, I'm looking at this, and I just think we're a little bit overboard on a shorter term, and I just would not be surprised if by Tuesday we are correcting. So let me just do this real quickly. Chapman wave methodology, if I can. I don't know if I can. I'll just do division A, B, C, D. This is a peak E in the 5-minute chart. There was a D in the 10-minute chart. Yeah, starting this consolidation. I can just give you this at the moment. It's got a nice little amount of support right there, 28, 97. 30, this doesn't know about 25-cent increments. So that 28, 97 area. Good support could be a balance. It would not be surprising to me if we are seeing some intraday high and some pullback, and if we don't break above 29.08 by 3 o'clock, instead we are a little bit lower. We're down to the 29, 28, 96 area. I think we've started a consolidation going into tomorrow. So we've got that out the way. I'll be back. A lot more questions coming up here. What was that? Could I look at? I want to get ready for that. What was it? Yeah, I'll go back to the GDX in a moment. The tools that Basil will be discussing are available on almost all software packages that will be shown in historical context as well as live for current market setups. Identifying the key trend allows one to trade with the tide rather than against it. Subscribers also gain immediate access to three archive workshops so you can get started right away when you sign up. For all the details on the opening call and Basil's upcoming subscriber webinar, The Tide, this coming Wednesday, head to the next page of TFNN.com and sign up today. All pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, The Path of Lease Resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find The Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting tfnn.com. 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. Let me just go through these questions that I have. So, the GDX is pulling back sharply. I think 22.15 is the nine-period exponential moving average support in the green line in the daily. And then 21.84 will be the next. Now, I don't think that gold has to just smash to the downside and give it all back. I'm just saying that I think gold is just at this particular moment is just out of favor. It's had its big move. It needs to digest. If it starts to trade underneath 21.50, this week, that's going to be very poor action for the weekly chart. I don't know if it will, because the technicals are still actually pretty good on the upside. If there is a push, dollar actually starts to break down again instead of holding nicely here. And at 23.12 is the high of the of Friday. If there is a move into the 23.22-ish area, that would be really good action. I just don't think it's ready for that right now. I don't think it's ready to digest it. Next thing I've got here is within the context of questions in the den was Cronus. C-R-O-N. This is a cannabis stock C-R-O-N is the symbol. 17.18 up $1.24. Had a very nice gap up spike the other day about four days ago. Pulls back. Didn't take out the low of the spike. Has a good session today. The weekly chart says, hey, this is what you want to see. This is exactly what you want to see now. I don't know if the person is long or short or just looking for an entry point. At 17.17, I like the action because it finally says that that weekly chart is the stochastic finally turned up. Well, it's a two and a half hour, three hours into the first trading day of the week. So all I can say is that at this particular point, this looks nice. The monthly chart needs a lot of work, but it says that the daily chart is the weekly chart. That's exactly what you want to see. So I'm going to say to you, if you aren't long at 17.18 right now, if you aren't long, I would start a position in Kronos. It's a tough one because that gap said that it should have pulled back a little deeper. Then the technicals came on strong. So this move up today is exactly what you wanted because if it was just nothing today, that would have said, oh, you've got to wait. Breaking out like this is the is interest. I just want to see if there's volume. There is a lot of on-balance volume, but not 5.6, 4.5. What was that? 17. So it's already just three hours into the day over three hours, five. You've got another three hours. I don't think we're going to get the same kind of volume as we got four days ago, but this is good action. So I'm saying if you aren't in it and you're looking to get in, yes, I would say, okay, you can get in, but I treated as the first entry and I'd even give it a couple of days if it spikes up again tomorrow and goes towards 1778 or $18. That is outstanding action. Then I think you're going to have to follow the move up because the trend will have changed, but this is just the first really good green candle. So Kronos, yes, I like it. I don't think it's ready for the big move yet. I think it's getting ready over a period of weeks it'll take. But in the meantime, this is exactly the kind of start I would look for to say first real sign of strength, break out over the high of four days ago. That's good. It needs to hold above that high. Okay, next thing we've got here is a question about, a question about, where was it? Square. Square. Very nice move up, but the weekly chart says, wow, a lot of work needs to be done. He says, wow, a lot of 101, all-time high in October, square point of sale, managing receipts, breaks down, plummets down to the 50 area, rallies up to the 80s, comes back down to 60, now it's on its way, trying to get back up. I think this is that rotational aspect, and I think stocks like square are now a little bit more free to hold support and try to make higher highs and higher lows this week, and I may be watching it closely. Yes, I hope that helps you. That's 7133 SQ up to 85. I would put it this way. You've now got very strong, if you're looking more intermediate term, 68 to 67 is going to be very strong support that must hold. But on the upside, if it gets to, if it starts to fill this gap, that horrible gap down on the second, if we can get into the 70.5, 60 area. Well, it's just done that. Good. So it's into the, into the gap. I like that. Okay, squares looking way better. Next thing you want to look at is a question on just to follow up on that V shape pattern. Look, yes, this is not even like a V shape pattern because it took out the left side low and square. So you really want to see the technicals confirming it. So just to answer this, the question again, let me go back to the Dow. To get when you're down this low with so much work to be done in the, say in the weekly chart in the day, not so much the monthly, monthly is actually looking quite good, but this weekly chart is suggesting a lot more technical work has to be done for you to say everything's technically on buy mode. It's not even close, not even a buy signal yet on the technicals, not the price. The weekly chart of the Dow has gone back to buy mode, but the technicals are saying, no, it needs a lot more work. So looking at a shorter term I want to see a V shape the definition of a V shape pattern is that you're starting to go towards or taking out the left side high. That's at 26,695 and look at the, so we've taken out the shorter term one. So just to answer that question again, if the stochastic starts to hold at 82, 84% as each pullback is held very tight and you go to higher highs, higher recovery highs that is, that's very positive. We haven't done that. The stochastic is still under 80%. So this is a work in progress. I said that to subscribers Friday, I said it again over the weekend. It's a work in progress. It isn't just on the fact that the stochastic has gone from under 20% to over 80%. That is part of the puzzle. You have to have the price movement, you have to have the magnitude. We've got almost everything but not the stochastic yet in about the 82 to 84% area. Okay, just quickly everyone asked about that. Yes, there's your E-mini pulling back very sharply. The RTY M19 is now at 15, 27, 10 have you made? I can't do this quickly. I'm not sure if that was a PD alternative count but yes, we are pulling back. That's what I was expecting for this move up in the markets. We kind of run out of energy to the upside. We need a day or two of rest. Just the way I'm looking at it. Next question I had was in the den. Oops, did I get it? Got that. I got that. I got that. Got that. Okay, yes. This is not a den question but I just wanted to say the IWM, look, the IWM has been the weakest of the indices. It has made, it looks like a V but it's not the powerful uppercase V. This is like a lowercase V and it hasn't even taken out the first really important left side 200 period moving average 153s peak right here on the 21st. It's gotten to 153 14 today but it hasn't taken it out, hasn't gone above into the 15404 area. So this is going to be very important. What happens? I don't want everything in sync. So I've covered a chunk of things now, XLF. XLF is moving up very nicely, up 37 at 2749. One of the reasons we added to our financial, our bank stock that we've had for a long time, we've added as a position that we've bought at a certain level and taken profits as it spiked higher and came back down and then we get back in at that same level-ish. We've just done that again added to it, got a second position and the reason is I think the financials are going to be important in this whole phase. You've got to see them holding or doing well. Goldman Sachs, yes, big question about Goldman. Beautiful day today up five at 195. This rotation going through the different sectors really is important. I'll talk about it when we get back and don't forget my webinar. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax Opportunity Zone in St. Petersburg, Florida. 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It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011, and after spending many years consolidating at lower prices, gold may be poised for its next big run. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. As of April 1st of this year, the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade. New subscribers get a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your gold report subscription today, visit the front page of TFNN.com. Don't let gold's next big run pass you by. Sign up today. The gold report subscription 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 and hit watch Tiger TV for the latest market information. Hi folks, so this is going to be a very important moment for my webinar on Wednesday night at 5 o'clock. I actually decided that over the weekend I just did more and more and more work in terms of what is important, what will be important to subscribers over the coming many weeks. In fact, a couple of months and I decided that I would spend a lot of time yes, I'm going to talk about everything I discussed, I'll go through the different indices, etc. But I'm going to show you some technical tools within the Chapman Wave methodology that I think can really help you in your day trading and your intraday trading but especially in the way you're looking at the market over the different stocks that you might have different indices because it's much more important for me I want to give you the tools so that when I do my show and when I do my newsletter you understand exactly if a couple of people have asked me if I could just give a little bit more of an explanation for my traders corner and exactly how you read the traders corner I'm finishing something up now I'll send it out, maybe I'll send it out today I'll send it out tomorrow morning with my newsletter and it's just how to read my traders corner but most importantly what's going on right now and that's the reason why we've been trying to set up to be able to take a full advantage of having positions in areas that I think are 2020 areas of importance and that's the reason why I finally put a stop on that short trade that we had in the SMHs we were short for the top was 120 we were short from 116 and it went down we took profits all the way down to the 98s and now it's having a really good session it's just a very good session so far it's meaningless in terms of the weekly chart but it's really important in the daily chart that is a nice take off from the 200 period moving average hit Friday then bounced off right through the 50 period moving average today at 107.26 that's a good sign I still think there's more consolidation going on but it's great that it's working in the SMHs the other thing is within the context of the different stocks indexes we have a couple of things that we have that I consider to be very important looking out in this whole mix of what's working and what's not working so all of our stocks are actually doing really nicely here because we chose them very carefully about my PLD I don't like to talk about these things how else would you know what's going on in my work if I actually didn't show it prologous is something that we've been in since a week ago about a week now less than a week ago we got in at 75 on the 4th the day after the low we got in right here at 75 and it was running up and it broke this channel Basil Chapman's Chapman wave falling exformation in the cup ascent and it broke it broke through it it went to the Chapman wave left side right side price time match in a shorter time frame about above the 78-56 high of the 1st of May went from 78 down to the low of 73 I think it was 72-50 that was on the 31st of May now it's trading at 78-20 it's making a potential peak A and that's what I'm expecting that the strong leg up that we've seen in the indices that we're probably going to make some kind of a peak starting today going into Tuesday but look at this we've gone to your leg D that's what you want in the Chapman wave methodology it's very important to be able to get that 4th leg to the upside and it's a leg D extension in the monthly chart so this is doing everything we want I think that this goes into the category I didn't even check of the IYR which is the REIT index it is a REIT and this is that pattern look here it is there's an F B and the DADY on the IYR right in the zone of Chapman wave there we go Chapman wave inside track I'm just drawing it sorry it just took a moment here make that red so you can see it exactly it's it got repelled at the inside track repellent line and we're going to see again it's only a C in the weekly chart of the IYR so this is going to be very interesting because this says to me that you've been in a channel and you're just going up and down and up and down to the top of the inside track repellent zone to the bottom of the propellent zone is it on the way down now that will probably be impacting the PLD maybe I have to not OLD what is OLD that looks beautiful the long-term care oh write that down OLD got it old it's very fresh now PLD let's see that one more time yeah is that no that can't be an EE this is an A brand new A for the daily chart of PLD so that's a little bit different to what we were looking at earlier on in the IYR so that's very interesting to see how this plays out this week okay TLT interest rate TLT right now is down 127 at 130.47 so that says the bonds the money's coming out of bonds today and possibly going into stocks but I think it's in the XLK that we really seeing the big move XLK is up yep there it is up very nicely up a dollar 10 and 77 29 it is the S&P select tax spider fund this is going to be important because if either in June or July if it goes by into the 80s it's turning a 7.730 it is not only recovered it starts a leg C at 79.25 in the weekly chart that helps the monthly chart and that is really a very big positive I'm impressed so now let's go back to what we were talking about just a moment ago I was talking about bonds and if you look at the US this is the actual bond continuous contract made a peak D it's kind of story made a cup formation but it's not breaking down if it goes from 150 through 18 right now down a point if it breaks into the 152 point actually if it goes under 152 the market will continue higher and bonds will see some kind of a pullback and rates will start to rally think I've answered a bunch of the questions that have come so far one more coming out a bunch more coming in yes okay so within context of the markets I did the XLF I did that I did that I did the GDX so high grade copper high grade copper is trading right now at a nice move up 0.03 at 2.65 but the chart says wow a lot of work needs to be done monthly chart with underneath the major uptrend support level this is going to be this is going to be tough you want to see it up in the 2.75 to 2.80 level sometime in June that's going to be important I also got a question or yeah we'll do the so wheat is up a dollar and a quarter at 5.05 and three quarters held the 14 period exponential moving average soybeans trading at 8.64 up 7 up 8 actually right now yeah it's holding well it's gone above the 14 period moving average again and corn talking about corn here in Boston those Bruins were amazing huh we've got all our teams I mean when you think about it as a sports town but if you go to the Boston Symphony one of the greatest orchestras in the world ah Boston's an amazing city so baseball, basketball ice hockey football yeah not bad huh alright let's go to corn corn is down a quarter holding the 14 period moving average I want to see these grains start to move very much more to the upside in another few days I'll be back dials up 146 let's go to our E-mini ESM 19 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes, author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too sign up today if you haven't checked out the newsletters page of 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their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics oil based vitamins, minerals, fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they have been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by NICO and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour of the Trader's Edge heard here at TFNN.com So let's just do this real quickly because we're all looking at the dog just getting to this area where I am anticipating there's going to be a resistance doesn't mean to say it has to be I'm just saying this is the way I'm looking at it and if we pull back I would not be surprised if we're up 147 right now we're up 220 or something earlier on I would not be surprised if we pull back and go into some part of Friday's candle 25,950 20,000 25,000 25,850 area and we'll see if it gets deeper than that that's one thing I'm not sure yet I think a lot of people must have missed out on the move it was so quick last week so let me just talk about what I'll be discussing in my webinar on Wednesday for subscribers it's a subscriber only webinar you can join you get a free month and you get my newsletter you get the use of my webinar as well other webinars that are archived this webinar the archive I'm talking about what particular tools am I looking at here that's really going to be very helpful in audio trading but what is really important in our outlook for the monthly charts to me this is going to be quite critical how it's interpreted this month these particular indexes and how we're able to use it just really important I'm going to go through why we're all long out all our positions are up very nicely some are very very sharply today and Friday so I like what I'm seeing most importantly I just wouldn't be too anxious right at this moment to be shorting I guess it's just a quick entry day short a very quick short but keep in mind that it's the surprise factor that always takes place and if you didn't get long anytime last week are you going to get long today aren't you going to say why if I get long today I could be getting the short term top or if it pulls back you say is this the big pullback should I get in and these big questions look they sit there on your shoulder waving wagging their fingers which is why I was so thrilled that we were able to get to low last week because it just gives us this cushion to be able to take a little breather and say okay pull back let's see what kind of spin you've got if you pull back because we like what you're looking at so my webinar is coming up on Wednesday night hope you can join and I'll be back tomorrow have a great day stay tuned for Steve's Day