 The following is a presentation of TFNN. The Tiger Technician Hour. With your host, Hazel Chapman, call now. Call free at 1-877-927-6648. Hi, folks. Hazel Chapman, Tiger Technicians Hour. This is Friday the 3rd, and we're looking at the Dow, up 169, as it was up 37, but I want to get to this. I had this question yesterday. I didn't do my show at my usual time. I did it earlier. It was replayed. I only saw the message this last evening, and I sent a message immediately. This is to Monique and Chris, and the question came in. Hi, Hazel. Hope you're well. The market seemed to be stabilizing, so I was looking at some buying here. I'd like to add back a tranche of CVNA and OPEN for long-term holds. I had good entries near the 2023 lows, and I'd taken off quite a bit at the July highs. Thanks for being for the great advice. But I was hoping to add some back. Fundamentals are weak, so I'm a bit cautious. So what I thought I'd sent... Could you please cover these stocks in your show if possible? Thanks for all you do, Chris. So I thought I'd sent this last night. Quickly checked this morning, and I see that it was still sitting there. Something happened, and I didn't send it off. So I sent it off early this morning, and what I had said was, if I was in my hour yesterday, I would have said start your positions, but a small position, and let's see what happens tomorrow, because you could add to it, or we'll manage the trade after that, but you want to get in. So I don't know if they got the notes, but if they got in this morning, it was good because Carvana's CVNA was weaker earlier. It opened at 2870, it's trading right now at 32. So I hope you start your position, and I would stay with exactly what I had said. Start your position, and give it just a little while. I want to see how this plays out. There are a couple of things I'll talk about during the show, but that's your starter position of the beginning of anticipating a bigger move, but I agree with you. The chart is really not nice. It's really an ugly chart. It's a fabulous gap and follow through today. So maybe it's doing something that's going to be improving, but in the meantime, back at the ranch, at least hopefully you've got your foot in the door. Open was the other one. Let me just close this out here. Open, there we go, O-P-E-N. Open, I said the same thing. Open Door Tech Inc. It's a platform for residential real estate. I'm going to say Kovana. Kovana is basically an online auto dealer. This one is for a platform for residential real estate. I did say exactly the same thing, but I must say when I looked at it, I thought in the real estate business, with the yields so high, but if yields are starting to come down, that's something else. So within that context, what I am saying to you is that hopefully in this morning at the open at 2.29, it's at 2.44 right now, and I do exactly the same thing. And that's for all those big gaps that we saw to the upside over the last couple of days. Just you need a little time because if you're going to miss it, it's because it just keeps going like the market initially this morning just kept going to the upside. The gap up on its way. And that's what happens with these major, these major reversals. And now I'm going to talk about it in the terms of what's going on. So this is what I wanted to go through. I'm going to go through each index. So in the Dow, I was talking about the volatile just in my own experience, the VIX index, when this is high VIX index and starting to move higher and you have a lousy couple of days a drop down, lower lows, lower highs, lower lows, lower highs. And then all of a sudden you get this acceleration down on a Friday, it's unusual to have the Friday as the low. We bought the diamonds on the low of March the 6th, of 2001. It was a Friday. The Tuesday was the S&Ps. So my thinking was that the volatility index, so Friday was the 27th, Friday. So Friday the VIX index was quite high and the market was pulling back. So what I was thinking is, and what I'd said over and over, is that to get the kind of low, which is a multi-week, multi-month low, it would be incumbent for me to see the volatility index because the futures on Sunday night were needed to be. I wasn't saying that they should do it. I was saying that they needed to be strongly down. In other words, very, very weak. And they should follow through into Monday morning and it should be ugly with the news over the weekend, just horrible and you get a multi-other geopolitical and economic things that are very negative over the weekend. And then all of a sudden what you've got is something very, very different. You've got the setting for a reversal on Monday, which could be a really sharp reversal. Instead what happened Sunday night was kind of not bad and then actually the futures started to rally and then Monday we were, let me show you the S&P. This is Monday. Monday, way above the low of 410378 and we started running. Now normally what I would do, my mindset was kind of on the VIX index and my thinking was, well, maybe it's delayed by a couple of days and we do get that move up and by the end of the day or even the following day, maybe we get that turnaround and the VIX index pulls back. But what I didn't use and what I almost always do and every now and once in a while we get fooled by these things. So the, let me go back, let me go to the Dow. The Dow also gapped up and it's just been riding all the way and it's stalling right here at this inside track repellent zone. The unbalanced volume, and I did talk about this on Monday and I spoke about it on Tuesday and Wednesday, that the unbalanced volume gave the exact, just as it gave us the exact day of the short, which we are still short, from the high of August the 1st at 35679. Look at that, the unbalanced volume was perfect and talking about techniques, tomorrow Tim Ord will be demonstrating all these techniques. I had some really good calls so it's worth going to the front page of TFNN, check it out for Tim's webinar coming up tomorrow. Now what I am saying is, so there's unbalanced volume and the unbalanced volume, I spoke about this but I didn't use it. You know, sometimes our head gets in the way of our eyes. The eyes will say, hey look, you've got yourself a very nice V-shape turnaround stochastics and for that moment it was about 10%, didn't go to the single digits which I thought was a possibility. The relative strength, look at this great line here. The relative strength gave right on the day of the low, gave a turnaround. So I have to respect this. So the question is, now what? So as far as I am concerned, we are long from the Dow from March of 2020, we are long the Dow from October, we are now short from August the 1st, we've had very nice trades in between. I did not go to, we tried but we missed the pullback, any pullback we tried from the second day from that was Monday, that was from Tuesday. I wanted to buy the dips on the UDOW because that's how we've been trading it and I missed it. So the question now is, now, two questions really, is this V-low, because you've been talking about A-low but not V-low, my thinking here is as I am looking at this, I would discuss something that I've referred to infrequently, infrequently enough if you think of it over the years. And I'm going to go to this chart right here and that is the chart that has the chapter news, the chapter wave, dark news cloud cover with the internal low and the residual low. I'll be right back. As the chapter goes up, 166 S&Ps up, 34. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. On Tuesday and Thursday, Tim Ord joins the Tom O'Brien Show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. Eastern Time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering TLT VIX, the Daily and Weekly SPI VIX, the American Association of Individual Investors' Bull Bear Ratios and the Trin Panic Levels. Tim will break down each ratio, how it is calculated, its importance and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them and see your returns. That's it. Visit the front page of TFNN.com today to sign up now. TFNN, 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. 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The Tiger's Den Available to all tigers and tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com toll-free at 1-877-927-6648 internationally at 727-873-7618 Hello, so just for those of you who are watching my 1 minute, 5 minutes and 10 minutes e-mini charts that I'm notating and I do all the work on. Yes, it was a beautiful tough formation from that key care for the 1-minute chart came back retested 43-67 but still holding really well at up 39. I did again a G-SNAS C right here with the Chalmway Instance Restart. There's a chance that we can have one more little more pop to the 43-83 level, but you can see that just buying is if you've missed the low it is really hard unless you just say I'm in, I'll have a smaller position now because I missed the original one, I'm in. And then you can you will get pullbacks, they will remember, Marcus, don't go up in straight lines they always have more straight down most of the time they have nice retracings. So I want to just continue that thought and what I did is the very next day that is on Monday, it wasn't Tuesday or I just wanted to see with the Tringages right here short and trim. Ah, interesting nothing to see isn't that interesting. So what I did is I said I want to get into the Dow but we're going to use a proxy I'm coming back to the yellow chart in a minute and we're going to use a proxy and that proxy is a stock that we've been wanting for a long time. Miss the big move up and we wanted it and it's given a pullback I want in and we're going to get in and this will be a proxy because it's the same price it does the same sort of thing it's a little bit better chart formation but it's going to be our proxy for the diamonds because we're already in them and this is a kind of a twofer so we got into Microsoft at 338 and now it's trading at 351. So yes but that's not good enough because people wanted to get into a new position in the in the Dow or the UDW we've missed that I will get that but it might be at a higher price. So I'm going back to this chart. So I had written in on the 6th I think it was the 6th of October that this could have been an internal low and now we're waiting for the residual low. The whole thing with the VIX index would have been perfect if the VIX index was just even kind of high on Monday and we got some kind of a dip then I want to say this is this is not the low but much better than just a low but we didn't get that so this isn't and I've been talking about this all the time fact I'm the one that brought up the issue that Bondi, Crudi, Dolly, Goldie and Vixie that's Bondi, Crudi, Dolly, Goldie and Vixie are not doing their normal things at all they're doing something different every week and every day they don't do what they normally do and I should have not been fooled by that but that happens once in a while you know I've got almost every single low at most of the highs in the Dow for quite some time what can I say but in the meantime I will work on that we've got a plan, we've got a plan of action and I'll work on how we're going to do that in the meantime this particular chart I have now no choice but to say that maybe that really was internal low and this isn't residual low it matches so well the previous internal low and residual low internal low and residual back in October isn't this incredible this is the low of September at 28667.10 balances and it comes back to where to the residual low and that is a slightly lower low and that's in October the 14th 2022 that's the day we went along actually so yeah I think that this is a man I've taken this thing that used to be over here because we were in such a long-term consolidation phase and we haven't now we're going back into this what could be resistance so as it stands right now I have to say that I have to set aside all my all the aspects where I'm saying wow now what do we do I just there's been a big move to the upside together with it you've got all the things that you really want to see and they weren't there the other day the TLT I'll type that in the wrong place let me just type that again now go to the new chart and that's the TLT got a lot of questions I want to get to them it's technical Friday there's leg B in the TLT at 86.32 oh we've seen this before but the reason why this is important look at and I mentioned this before that the sideways move was starting to see a lot of improving technicals but the nine-period hadn't moved cross positive today cross positive so this is a good sign I still don't have a technical buy mode indicated because the stochastic is only at 52% on balance volume is good but not great and the nine is just crossed over the 14 so by the end of the day on a daily basis I might have to give this a buy mode meaning that there could be a pullback but we should go to a leg C then a peak C and then a leg D and that would put you into the 90ish area 90 maybe 91 and then we'll have to see what happens and this is slowly improving the weekly chart so yes now you've got yields coming down I spoke about this last week I said look the TBT made a peak F in the 44 area I didn't expect there there's a dreaded H pattern that took it out I spoke about that yesterday I think it was yesterday and yeah we are below that key support level of 38 90 or something no 39 not 90 no that's the low 39 11 and we're trading at 38 88 look at the dollar the XY the dollar down channel will be a decline right you've got the inside track propellant zone this is the repellant zone you're right on it you're actually just under it you've got the weekly chart yes it's at a leg B a peak B but it's under the previous high so it could fade if this was at a new multi USA recovery I'd say no it's going to C and it's going to D but I can't say that right now I can say it's at a B 84% very good 9s way over the 14 so the dollar is not yet done but for the moment it is look at this EUR USD Euro nice leg D right on the 200 period moving average we spoke about this the other day and there it is and a new leg B A great leg A a great peak A and a great leg B as we speak in the weekly chart nice look at the USD JPY look we won't be talking about this double top that went to the 148 and we went to 140 we went to 150 was it 151 a few days ago we went to yeah 150 172 148 82 was the highway back in 2022 and I kept saying this is a technique where in the Chadwave rectangle that goes to a lopsided cup you make higher highs and higher lows you should go to a peak A peak B and even a peak C and maybe even a D right on just under or just above the previous high and then watch out because that's where you can get a bit of a pullback okay so all of those things are saying this is something to take seriously that wasn't there but the most important thing that wasn't there is the semiconductors remember look they did this beautiful pattern we're short we're still short we're taking profits of course but we're still short from the core position from 161 17 was the high on the 31st August 2nd we showed 150 just over 159 and we came all the way down and made this classification right on the Chadwave inside track and now it's right and that was so good if the SOHs were fading I'd say now but they're actually running so that's a really good sign but I think we might have seen some kind of high on the gaining check point I'm going to charge up so that's the 5 in the 10 minute charge I'll be back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstatt's Tiger Forex report Teddy Kegstatt breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously when you sign up for the Tiger 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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 visit TFNN.com to hit watch Tiger TV how about selling just keeps coming in buying just takes over selling comes in buying takes over and I just I need to follow up so I like to go all over all the questions that came in never chance to take check out the Tiger TV questions I'll get there so the SMH is this it wasn't there so one of the reasons why I didn't think that Monday would be Velo and I still have to I have to do some work over the weekend because it has many of the ingredients that I look for other than the VIX index but that's changed quite a bit it did get to 23 which is I mean that's pretty high so this is leave that aside because now we've got the semis moving I want you to just look at the XLF because that's really important I've got to have the financials moving as well with especially with race declining and yep very nice right on the 200 period moving average of 30 people in 69 it's done this before many times in fact that's where it's still look how beautiful this 200 period moving average is like a sine wave up and then up and then down then down so we'll see what happens here the weekly monthly chart is still an arch formation so now what I want you to do is this so the GDX is having a decent move today it didn't it didn't it didn't and all of a sudden it's having a nice move and it's gone from a green to pink for a week for a day and then back to green so I needed to see how gold responded other than that Middle East situation which is going to continue for a while it might have an hiatus at some point but it should continue in meantime what we're looking at is I'm just looking at the chart I'm not looking at any geopolitical aspect and you can see the magti came down and now it's trying to cross positive but it hasn't you've got the pink 9 period moving average flipping today to green that's a good sign you've got the stochastic kind of weak at 27% on balance of volumes running but a bit weak this gray line the red percent has no idea where it's going to go next but it is running right now so I think that I can now look at gold as gold before I was looking at gold as a geopolitical tool now I think I can say now maybe it's worth to have in the portfolio a gold stock or the GDX the GDX is probably a generic thing I happen to like IAU which is the GLD but trades at one tenth the price of the GLD and my thinking always is as long as it's a solvent instrument and has backing et cetera I see no reason why that why pay the price of the GLD when you can go for one tenth the price at 37 and getting exactly this chart formation there is a slight difference but my eye can see it I'm probably sure that not most people GLD let me just go there GL type of there press it there something's going on I'm nervous there so yes the GLD there's your legs peak C there's your peak D they very much the same but except my eye says you see this pattern right here you see this from this high that was in around about July August of 2020 you come down look at this these are tools that I teach in my webinars when I do them for my subscribers if you subscribe you know you can go to the on the site you can get all my webinars so yeah let me see if that peak C minus was on the line right there I like to join exactly unless I hit the candle yeah so this went to a gray A pullback and there's a second arch formation so keep you on this right one and let's go to the IAU yeah it's a slightly different it's just a little bit more positive I don't know why look this is this is more parallel and the other one was sloping down so it's just fractional but I have to like look IAAI and the GLD is IAAI 37 GLDs 184 same chart formation now does have the Chapman way falling exformation right there look I'm joining these lines joining these lines here and that says who this is the one that says you can very quickly spike to the upside and then go one to one to the to the upside based on based on the distance and that would take you around about to 187 in the GDX that would take you to GDX how did I do that IAU IAU that would take you to about 3819 no 38 3838 and you're turning 3772 right now so yes I do I think that this is the dollar hasn't broken down yet but the dollar is weakening and this is really important so that gold has the opportunity now to do its own thing not based on fear but based on structural and the integrity of the chart patterns that we're looking at so I like it I don't know if I'm going to see very much more if it stores at the turn of the period moving average of 2961 2863 we're at right now it looks to me like that whole area just going 230 is going to be a little difficult to do unless it spikes right through it over the weekend something happens on Monday by Tuesday you're looking at GLD at 30.75 then I'm saying that is a nice breakout leg C strong leg C but then monthly chart still very weak and the weekly chart is still very weak so all I can say is you have to go one step at a time oh and this one yep today also turned L it went pink for just a day two days maybe okay so the answer is yeah I think it's in play and I need to see like ASA which is ASA it's a gold minor sorry this is a hedge fund made up of five gold stocks South African stocks I believe they're five maybe more by now but you've got the same sort of thing right here that you've got a very nice day today it's up 39 cents up almost 3% of 13.73 but you need a lot more work to say that it's going to really start to climb to the 1430s but it seems to be wanting to move because the MACD is good stochastic is improved but it looks very weak but the relative strength is just starting to rally so yeah I'm just saying to you I haven't done anything for the portfolio for subscribers with we did have the GLD but I got out a long time ago I just said I don't like it and it just kept tanking so yeah GDX I would put my foot in the door absolutely but that's all I would do right now it has to prove itself next question came in a lot of people ask me about PLTR I guess is a favorite whoa had good earnings it was looking horrible it made a peak D in the daily chart, punitive technologies the Verbs data fusion platforms comes tumbling down I didn't draw this end because I thought I'll draw it in and then it does something else in the meantime back at the ranch kind of like a channel down channel that I broke out of I love that when it does that and now it's holding beautifully with a new recovery high trading 1865 up 69 cents this is now a pattern that it didn't look like before and then I thought it did look like and now it looks like it again you know I talked about the lowercase H the dreaded H if it holds well and then it starts to rally in close right that's usually very bullish and it changes a negative path into a cup of deep cup formation and look this is exactly what it's doing so the target three will prove for Palantir the next big upside target and resistance to trading point by 20.24 dollars up 184 gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com are you ready to take your trading to the next level introducing Tom O'Brien's award winning 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already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors today and investors 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 please contact us at 866-476-7523 please contact us 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 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ sorry I have a question I should have said the weekly chart made a peak A a peak B a peak C and this is a leg D but it's underneath the 30 point did I say 30 that's 20 20.24 high of the four week of the 4th of August so that would be my target and it needs to get above that since it's already in leg D because when you get to D you want to be breaking to new above the left side highs that's really important and the weekly chart now is improving it was improving before and this is the low it's a double bottom right here from the July August and the August low the August high and the August low it goes from 20 down to the 13 high 13 just under 14 so this is a very nice move and I'm going to have to call this an E slash B this is a chat wave technical Friday so what I'm doing here is there's a gap up which is always very good if it breaks the left side highs in the gap up there's the daily chart and then closes above that but I still have to consider because it never took out the 13 where was the starting point 1368 oh I had it all typed in right 1368 low of August that just starting point and this particular lower here was just over 14 so that keeps this the by mode in place and it says even though it went pink negative and you have a down arrow there could be an upside down V here that's that carrot that you put on top if that becomes the next major top so I'm just saying this looks really good as it stands because this you need to the second they follow through but I'd like to see a close in fact I'm making it as clear as possible a close above the 11th of October the high of 1844 and it's trading at 1861 right now and the target on the left side should be 20.24 and I would say that I've got a left side right so price time match but it doesn't go to this low here does so I'm going to I want to be provided right now want to give my family if you go to next week 2024 may I give it a little bit more but within about another five or six trading sessions that's not just the week all right so there we go and next question was a natural gas UNG so UNG right now is trading up it's unchanged it's 729 so my my contention has been and we haven't got back in it that this is the sideways move is slowly building upside pressure is holding the support line the mid channel the long narrow rectangle hasn't broken below it if it does you've got to expect a test of the $6 to $587 level even but I don't think that's going to happen at this point but I'm looking for slow look at the time it takes couple of weeks after every break to the upside so within I'm going to look at the calendar November by the 15th to the between the 15th to the 22nd that's what I anticipate if I'm correct in the slow little like a kettle putting on slow kettle or a pot boiling that it will go to the point 20 area and that's where it has to make $8 support and move to a 35 and a 70 and slowly but surely get into the ninth I don't know if it's going to do that just yet in the next couple of weeks but the break to the upside is really important and only do that if it can hold maybe 668 is absolutely key support if it closes under that then I'm saying it's going to take even longer but I thought the way it's looking right now I'm looking at that next question came in I wrote it down didn't I did that they did oh so this one here you know you can have patience I had so much patience I had patience let me just do this first there's a stock that I mentioned to subscribers I said wow doesn't this have everything that you'd be looking for right now oops I should have moved it to the right moved it to the right and moved it to the right there I can't move in the right here remittantly global Inc financial services for immigrants I said surely we're looking at a situation here that there are so many immigrants and many of them are sorry to save I mean that's a traditional thing with immigrants surely this is a fantastic stock and was in the 20 yeah it was way back here right in the 22 23 area I said you know I just I can't really pull the trigger on at the chart is looking good but it looks I don't know enough about this it's kind of an it was an IPO was all the way in the 50s as it broke out as it came out back in 2021 and then a stump to the 6.66 area that was the low of the S&P March the 9th of 20 2009 anyway 6.66 I said I just I need patience I want to see how it holds on on any pullback in this big rectangle on the support in the 23 so it goes through peak air from pulls back goes to peak D and I said I still it's only a couple of points above where I wanted I don't understand it should be great and then so I pull back and then I make this double top 27.95 on this is our EL why relies the symbol on the 19th of October and retest this right here and that was on the first of November and I'm looking at this and I'm saying I still don't either I don't understand it but something it's acting so well I don't know why I can't pull the trigger for subscribers to get in something it's just there's something I have to wait for I guess what I was waiting for was the news yesterday I guess the earnings were disappointing and it's trading tune tune tune in the 27s on Monday on Monday no Tuesday and on Wednesday it hits 18 I mean look at that gap and today trying to write a little bit it's up 42 cents in 1922 thank goodness I waited because it really was I'm thinking well if I'm going to go into some kind of financial stock I'd much rather look at Bank of America now that the yields are starting to come down there's a first time we haven't got into it in seven years or something just be waiting and waiting it's still way under the 29 level at 2836 if it's going to work I'll do some homework here but so the question came in what about Bank of America now and I'm saying now I think it's more viable but it's a real quick and two-day move from the 26th to 29th let's see how it does full the gap which I think it will at some point over the next couple of days and then we'll see because it was really important that the XLF gets a good move and here it is gaps up and it goes from the 20 from the so 30 139 3136 area now it was at 3136 on the 27th and here it is five sessions later at 33 we can't quickly it came quickly down but it came down for four days and then it took us time and then it had that single that down day on Friday a week ago this is a good recovery in a shorter period of time so I'm really pleased with the XLF what was the question again oh so I wanted to just do that and the next question that came in was DK the reason why I mentioned it is because I had patients and patients not to get it to rely until it proved itself I didn't know it was earnings but it had to prove itself and it didn't and the other one was draft kings which we've tried before and it was just trittling along low lows and low highs hits the 25 I should put that in 25 73 lower than 26 of October now it's at 31 38 and look at that there's the Dreaded H that's the same as Valentine there's your arch formation it holds and it holds the left side low and now to make the potential confirmation if it can close above 3265 one week it says the next level it's a 7449 Tires every Tuesday and Thursday Timor joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading now on Tuesday November 7th from 8 p.m. to 5 30 p.m. Eastern Time Tim Ord will be hosting his own live webinar Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well Tim will be delving into six secret ratios that every trader should know in this webinar Tim will be covering the Daily TLT VIX the Daily and Weekly SPI VIX the American Association of Individual Investors Bull Bear Ratios and the Trend Panic Levels to break down each ratio how it is calculated, its importance and how it can help you make bigger returns it's as simple as this learn the ratios, trade by them and see your returns that's it Visit the front page of TFNN.com today to sign up now 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 it's impossible to predict the future, right? 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This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com 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 that's TFNN.com and hit watch Tiger TV I was just in this little brief moment so the question came in all last week we were talking about the volatility index and now you're kind of just missing it you know this is so important I have many tools that was one of the tools but if you remember correctly you're only focusing on the VIX index which I said was really important but what I also said was I need to see the semiconductors moving they weren't moving I need to see the financials they weren't moving now if you don't move with the markets and you keep saying oh the VIX you got to get the VIX undone that is done last Friday was it Monday proved that that was not the way it is now I have to look for other tools those are the things that keep us in the trade that's what keeps you in the business I'm done with that I'll bring it back again at some point but that one didn't work so that's really important that's a really important thing to consider that if what you're anticipating doesn't work you've got to know what the alternative is and that's important okay so with that said another question came in and I'll do that real quickly and find it right here oh my god done with that okay so let me just do this for what we're looking at today the key support of the E-mini is at 4367 that's the 200 period moving average of the data if that starts to be taken out that impacts the 5 minute chart and then the 43 4350 to 43 47 level now on the upside if there is a break into the 4383 area that can hold and then very quickly go to 4390 that just is a different kettle of fish because that's going to bring in a whole bunch of new buyers that's what I'm saying you've got to have the alternative and if you remember the reason why I went into the Microsoft position was because it was as a proxy with the diamonds and someone just said hey what a great proxy that was it depends on the way you look I'll be back on Monday check out more of the cool daily newsletter and have a great weekend stay tuned for Steve Rose with all the great programming coming up