 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. Hello everyone, Monday, Monday, November the 8th. Very important to be coming up here for a number of reasons. We are looking at the Dow at this particular point, at $36,459, up $132 earlier in the day was up at $36,565. Very interesting the numbers that are these days, we looked at was it $36,484? Just a symmetry in some of the numbers, I'm just always fascinated with that, not the point. The point is, all time high, as we were speaking, this is an all time high. Looking at the monthly chart, see the Chapman Insight Tracker repellent zone, we're going to see if there is a repellent zone over the next week or so. In fact, we will see if there is a pullback and that pullback takes the Dow to maybe four sessions ago, the lower four sessions ago, maybe $35,800. That's actually a big move, 600 points down. But in the meantime, back at the ranch, this is very good action. There are only two technicals here that suggest that there could be a pullback. One is on balance volumes, not a little bit, quite a bit overbought. The MACD is good. Secastic is at 93.91, that's great, that's what we're always looking for. The relative strength is rising. Another good sign, the nine period moving average is way over the 14 period moving average. The price is way above the nine, and the nine support now is at $38,000. And let me just get that exactly right, around about $38,100, $36,100. And we're going to be following this really closely. So for subscribers from opening call, we've taken some protective measures here just for overall portfolio. I'm looking at this and suggesting that for that nine period to cross negative to go pink, underneath the 14 period moving average, it's green right now, probably the downward, there'd have to be bad news that just tanks the market immediately. And if it's not a slow rollover that makes lower highs and lower lows, until eventually the nine just automatically crosses under the 14 period moving average, if we're talking about speed, to get the MACD to go negative, to get the stochastic under 80%, to get the nine under the 14 period significantly, you'll have to get the price down to the $35,800 to $35,700 level, and it'll have to be, it'll have to be bad news that sees the volatility index, no good, it trading, it's at $16.95 right now, it's actually at $0.45, no good to see that hanging around in the 16s, I would even say 17s, it would have to be in the 20.30 area or higher, above the 200 moving, they moving average of 19.44, so just make it as simple as possible, looking I'll just go back to S&P, just to show you the weekly chart, very strong goes right into the Chapmanweight inside track repellent zone right there, this is a beautiful up channel, and within the up channel you've got a very narrow mini channel right there, and that's, look how it's repelled the price every time it's gotten there, we'll see if that happens this week, and it's now at 5 and 47.02, made an all time high, on Friday of 47.1850, so far it's under that, and that's important, and this is still a leg B in the Chapmanweight methodology for the monthly chart, and believe me, I don't know how many times we've seen this, not hundreds of thousands of times, but really many hundreds of thousands of times over the 18 years I've been here, where you see monthly charts, very seldom ever have we seen a major failure after a peak B at all time highs, usually you'll get the pullback to make a peak B, we're still in leg B, and then you come out with a leg C, then a peak C, and then a leg D, and then a peak D, and that takes you into early 2022, so regardless of how severe any decline is, over the next going into the end of the year, the beginning of the year, I should mention, tomorrow or week I'm going to be the guest speaker for BIG, the Boston Investors Group, and as we're online, I'll give you all the information over the week as we move along, it should be quite exciting because this is going to be an exciting week, so we're looking at the S&P weekly monthly charts, still extremely strong, but wait a minute, the QQQ has made a leg D at 400.99 in the daily, it did this, Chapman, we've propelled a shaft one to one expansion in virtually the same angle and the same number of bars, it's made so far it's got a leg C, it'll be a peak C, if we don't go one penny above the 400.99 higher Friday, and then I suspect Tuesday, maybe Wednesday, we just have another pop to D, and then I think we've got to start being very careful, and I'm still calling this an F, leg F in the weekly chart, right up against resistance, we'll see where this is going to go, but technically, on balance volume is the only thing so far that says, whoa, rather overextended, the ninth period moving average is way above the 14, the magnate is very strong, hasn't even just started to see the histogram, the vertical lines narrow a little bit, but they're still very strong, that's the difference between the ninth period differential green right there, and the pinkish or red 26 period exponential moving average. Look, 95.60 is the stochastic, that's fabulous, that is really good, so it's going to be, as I say, the only way I can see this really tanking is if there is a pullback based on something happening in the economy, something being said, whatever it is, is going to probably have to be with it'll have to be with something in the news. 244.46, let me move this away because that's obsolete from Friday, a little dodgy candle so far, the day's, what, an hour into the first part of the trading day, and the IWM has made an all-time high, this is the Russell 2000 small caps, going to leg D in the monthly chart, D in the weekly chart, I'm still calling this an F in the daily chart, and there we go, to go from this level of 243.45, to get the green nine period to break under the 14, to get the mag D to actually start turning down, to get the stochastic at 90.99, only the on-balance volume is extremely overboard, to get this to really tank, you would have to see something happen that takes the price way below 230 to 228, that's the area of support that we were looking at, and here we are at 243, so far still very strong, let's go to the SMH, semiconductor index, is that starting to pull back a little bit, yep, manual all-time high today, 300.20 leg E, dodgy candle on Friday, but it made another high, if it closes above the 299.74 high on Friday, that's going to be very important, but if it closes underneath, it says that the open and close of the dodgy candle on Friday, around about the 293.97 area, if there is a close below that, it says watch out to start to see some weakness on the daily, the weekly is still strong, monthly is still very strong, all right let's get to the nitty-gritties of gold, gold is up 6 at 18.23, I said last week if it can get into the 18.22 a higher area, that's going to be very good, certainly surpassing 18.01, the 200-period exponential moving average on Friday is very good action. 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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 so what we're looking at here is that silver broke out of that Chapman way for the affirmation it's right quite nicely it's up 25 cents at 24.41 the 200p removing average of 24.60 is the resistance and it made its last eye at a peak D in Chapman wave we're always looking for that fourth highest peak peak D to see what's going to happen and it hit 24.92 on the 22nd and then pulled back quickly and quite sharply to 22.045 now it's rallying let's look at aggregate copper I get copper is in the lower trading part of the range and it's at 4.38 it's up a little bit 0.04 it's trying to make a little bit of recovery maybe tomorrow can hit 4.42 or 44 we'll see what happens but this is going to be very interesting look at the dollar dollar had a good rally made a new recovery high is that a G is that a B I don't know just yet and it has pulled back but it's in the higher part of the range so the the dollar at this particular point still shows strength not today it's a little bit weaker but it's still showing strength going towards the recovery highs has been making and now what's really important is if we look at the EUR USD the euro dollar currency pair made the dreaded H took out the left side low went to a leg D now it's trying to bounce it can do that because the MACD barely pulled back so there is some internal strength and that's what we're looking at here for the euro can the USDJPY continue matching the the dollar well it has but now it's pulled back quite sharp from that peak F doji candle that we're looking at on the 20th at 114.69 now it's at 113.10 sort of arching over dreaded H pattern that's the pattern we were looking at where it looks like a lowercase H takes out the left side low so we're watching this very closely a couple of things I think did I mention Bitcoin here or did I do just in the update so Bitcoin made a peak D in the Bitcoin futures remember we were for subscribers we still longed just a little bit we're taking huge profits all the way up from way back when we got long in the 12,000s 12.41 12.48 in the GBTC the Bitcoin fund and and we were looking at the diverges discrepancy between that fourth highest peak peak D and the daily chart is 68,030 all-time high the weekly did this left side right side price time match and it got to a higher high above the 66,000 V10 high that was made back I think it was early May before tumbling to the 28,000 level and here we are I mean this is just absolutely amazing at 65,945 up 4565 and 65,094 and what I'd say to subscribers is maybe we're looking at the GBTC that can go to a leg D to match the Bitcoin futures well 52.68 was the high that was made in October that was a peak C no other way I could count there at low and behold today we went to 52,579 cents away said worse it becomes a peak C1 peak C2 but my my thinking is I one of the reasons that I wanted to play but it's so difficult because this particular Bitcoin investment trust doesn't trade overnight like the Bitcoin futures so it means that if you're wrong I mean just look at this there's a there's a move of almost 7% today so if we were short for not wouldn't be short but this is imagine we were short at 48,82 you'd have to cover today at that gap up there I mean that's a big thing and it could have been worse could have been less but this is what it is and that's that's tough so what I am saying is that we've still got that little the tiny position that's sort of left and that's all we were holding right now I did miss an opportunity right here when it broke out after that gap right there at 40 in the 42, 43 area I said gee maybe we should try and I I think we missed it so what can I say I think we do your best and you that's all you can do so it seems to me Bitcoin and then what I've been saying is that gold has changed its stripes just in the shorter term over the last week why because I said that gold is losing its favor as the trading vehicle because Bitcoin took it over even though the prices are just hugely different but Bitcoin took it over and then I was anticipating soon we would start to see gold become not just an intraday trade but more of a trend trade as Bitcoin starts to slow down and I think we're getting close to that right now we're not there you still have that weekly chart let me just show this right now I don't want to take too much time here in the overview for the week but this says that the left side high where it failed and I said this is so unusual there's no other way I can count it as a peak seeing the weekly chart of the GBTC of the Bitcoin Investment Trust but I'm going to have to do that and it certainly failed at 58.22 back in the week of the 16th of February and had a little bit of a tumble going down to the 24s and now it's all the way back and it seems to me that the monthly legs see it 48.65 will be tested and broken at some point so maybe we get just a bit of a sideways move and then Bitcoin starts to move again and that's where we're going to be following what happens to gold I didn't do the TLT in detail but now I will that peak D is what we're always looking for in the Chapman wave that's just part of the basic philosophy that says within the context of higher highs I try to identify for subscribers a lower low and then at least an identifiable low from which you can start a rally and then count each successively higher peak doesn't matter what time frame doesn't matter what vehicle and alphabetize them A through G alphabetically uppercase on the way up but it's at that fourth highest peak B that other things can happen but the target is to go from a buy signal to a buy mode and the buy mode implies there should be at least a peak D a fourth highest peak that's why I'm saying the S&P is only leg B it should still make a peak B make a leg C make a peak C and then a leg D and then a peak D and that can't take you anywhere on a monthly basis you can't get that until what did I say I think it was February March so that's you really bullish looking out so what we're looking at here I do not like D's that are made way below the previous high major high in this case there was peak D at 151 79 the TLT Lehman 20 to Treasury bond fund on the 22nd of September pulls back sharply to 141 45 October 11th rallies peak A peak B fraction B and then it goes C and D on Friday it goes to leg D and now it's pulling back at 148 56 and if you look at the weekly chart you're really making low highs and lower lows so that says to me that the TNX which I showed my subscribers to open and call over the weekend I won't go there I'll just show you the actual TNX chart made that peak D in the daily chart under 17 which is 1.7% and it was only a peak C in the weekly chart but the technicals are starting to weak so we're watching this really closely to say that the 10 year or Treasury bond yield is making it's making low lows and low highs in the pattern that I talk about very often makes a part of the core of the Chapman methodology where you've got three basic patterns straight line up straight line down that's one cup formation or it could be a V shape formation two or an arch formation inverted V is three and you can make one and three which is straight down arches over fails at a peak A or B and breaks down and takes out the left side low that's exactly what happened there it fails at peak A goes A minus takes out and within three sessions so far it hasn't gone back to the left side low and this was the same that bonds are coming you're operating a little bit yields are coming down this process back from thousands of years that's the Chapman methodology are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading 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the trade charts allows you to scan thousands of stocks for fibonacci formation setups including guardleaf abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com Hi folks we're we're looking at CLF this is Cleveland Cliff St. Flatroll steel and iron or pellets this is interesting because I made a double top with 26.51 from July or August and then it did that just three weeks ago it ran up and hit exactly the same number pullback so this is a peak c1 c2 so far in the monthly chart it's looking quite good and the questioner wants to know where I'm out of it now where would you I've taken profits where would you get back in this is a tough one because steel is all over the show if you look at the SLX which is the where did I type that in the 10 by mistake I said it typing it right here SLX which is the ETF has a little bit of a same chart not as good it has popped up at 56 but that's mostly because us steels had a spectacular gap up to that of 5% to 27.53 I you know the whole thing about the infrastructure I didn't read anything how the steels are going to really benefit they certainly should I just didn't read anything about it and uh that's a little difficult for me so what I have said is why don't you just nibble here your person who's done very well with this instrument probably I should ask you because you're the one that's done very well I'm just going to say nibble here at 23.64 and I'd have a one and a half point stop on this just this entry point why because I do not like a sharp pullback like this it has one pop up if there's going to be a 23.65 right now if it touches 23. uh 23.10 23 dollars tomorrow says now there was just a pop up and it's going to fail that's number one number two is the weekly chart technically the the mankies week this castics week the unbalanced volumes pullback but it is slightly positive with the nine period over the 14 period so that says to me it's in play but it could be within a rectangle formation just chopping up to the 24s and then putting back to the 21 or 22s then bouncing again so this is just a way to play it and what I would do is if over the next two days if by Wednesday it's taken out to and even if it's today but if it's taken out to 24.22 high that it would be made today I would then add another little bit and I'd just treat it so gently why because if this is going to act very well monthly chart looks great weekly charts it looks good but it's sideways choppy choppy we've seen along the rectangle formation can can last and the dating is not that it's just like a news related pop up so I want to see follow through so I would only add another little bit if it takes out today's high whether it's today or tomorrow it doesn't matter and then I'd raise the stop on the initial position that you would have just got into right here 23.64 and let it go and that's all I mean you I need to be convinced that it's making another couple of V shape formation to the upside and not just having a bounce on news that's most important I don't want you to get to oh I can't see the chart sorry IGT is sent sent right over for some reason on that particular computer I'm just not able to get it let's see what I've done here how updated I am on the comp x and the oh I haven't done this at all this is a leg e in the weekly chart this is the the nasdaq composite index is still in g slash c in the monthly chart right there and now we've got a new buy signal this almost looks like the semis so this goes peak a now I've got to do a little more carefully that high on the fifth was at 14508 65 all the up 509 so didn't do it so this is a right here chapter methodology I didn't get a chance to do that on Friday technical Friday I had a session and I got a couple of emails so I'm sorry if you got it if you send an email and I haven't answered the email from Friday I know some of you did I'm going to get to them in a moment but if I missed anything just quickly send me something so this is a leg d in the composite index with a new all-time high on Friday an all-time high close and it had a 16,053.39 high today's high is a little low 16,038 so we're watching this really closely because as I say I think we in for just a little bit of a pullback especially in the QQQ today and maybe tomorrow the next day just pops to D and then we start to pull back and one of the reasons why I say to subscribers we are going to start insurance right now we just that's that's what we do so we'll see what happens now I needed to do this where did it go where you go so the question of the weekend was goog could I look at goog where would you enter a position well Google had a round number today three thousand point zero zero do you remember when I thought was it the S&P had that round number wasn't it even three thousand and then whoop it just went right through it is just somewhat all I can say is I watch round numbers but when you've got very very high price stock sometimes you get the round number because somebody says hey I don't need three thousand and twenty five I don't need three thousand and the penny three thousand is good enough boom so they put in the bid of the Oscar whatever it is and you've got three thousand as a round number high today it popped to three thousand and twenty point sixty nine it's still up twelve point thirty to twenty nine ninety seven but we had a doji candle on Friday in leg D we've got another candle so the day I mean we an hour and five minutes into the to the trading session we can't even talk about it as a candle just to say at this particular moment it does look like a doji and it's in leg E in the weekly chart so we're going to be watching this very very close I've called this F alphabet in the in the monthly chart but really everything about it says it's probably recycled this is F slash B the same as the S&P it'll have a pullback at some point for a monthly peak and then it goes on to new highs that's the way I'm looking at where would I answer it I just have to say that you've got to have patience at this particular point I think you could see further upside action but if you are seeing me for an entry point give me a yell if this thing trades if it closes under twenty nine twenty what's that seven seventy points below I mean that says nothing just give me a yell and we'll look at it to see how the technicals are holding if they're still internal strength and that this leg can still go even higher certainly in the weekly chart but if you want to know where I would look for risk reward between twenty nine thirty eight and twenty nine eleven that's the moving averages that's where I'd look as if to say is this holding well as the magnet even turned down at this point it's still fantastic stochastics at eighty six percent very good on balance volume suggesting we are getting rather overboard just short of term okay and nvd nvda eyeballs and then says uh you found coming on bond deals oh i'll do that okay gary just in a moment so nvidia upgraded by btg it has a higher much higher price take three seventy five then the question is basal on friday nvidia had a round number higher three hundred fourteen uh is this a negative or positive going forward so this is the way i'll look at it i like to look at round numbers i especially look at round numbers on major sell-offs not the upside i do it more on the downside why because that's when people are just getting rid of stuff they said get me out of three hundred you know i just i don't want to go 10 point 20 and just 300 bomb what's really important here is that um this has made a peak see if there's no new high today he made a 314 round number high what i would say is this if it goes above that's okay at any point if it breaks down and goes to 229 292 or lower that round number 314 is very significant it says watch out because that's your major resistance even if it goes that's a bag that was up 130 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 reality has the 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to actually find stocks that i feel comfortable recommending not just as a quick trade but more as a i'm trying to position us as for later on as we're going to year end into the beginning of next year and as a result i'm finding that some it's specific stocks that might be a good but as sectors is almost the exact opposite look at look at this if you if you go to uh let me finish that thought yeah so this this is once again turning down we made a peak e at uh 4707.00 around number high in the um 10-minute chart is pulled back and basically what i'm looking at saying to subscribers is we're going to watch this really closely because the technicals other than some of the chapter wave methodology techniques that we've used and many times successfully this is really tough i mean all of a sudden you know over the weekend you thought that the the bill was going to be dead and then all of a sudden you've got republicans voting with democrats and they got this class that means it's going to be much easier now to try to get the huge um trillions of dollars they're built through uh what we're looking at here is how does how does that impact the market on the short term the longer term implications we know debt is never great so we don't know we don't even know which you know which which president will be involved when uh the the pipe pipe comes along to say hey remember guys you got a little bit of a debt here so that's something completely different what we are looking at here is how does the as all i'm interested i couldn't care politically uh even economically in the shorter term i'm looking at how does the market respond that's the only thing remember my my theme about bad news it's not that there's there's always enough news to be bad is what does the market perceive it to be and if the market perceives that any news that it's hearing is bad and it acts poorly it means it's taking whatever is being said to heart and that's all we need to be thinking of so that's that's a phase we're in right now with the technical to say i mean let's just go through this now i can do quick there was another i'll just do google because i'm not able to forget and then run out of time so google round number 3000 high um in leg d now the issue that i'm making here is that look how many in the chaff way methodology i said these where other things can happen doesn't mean to say it has to crash a tank or or restart or do anything but these where you lift your foot off the accelerator for the moment hover over the break to say okay let's see where you're going to go next you don't even have to change position you just want to it's where yellow light goes on and then yellow light can go back to green or can go to red and that's all it is uh so you have a little cautionary moment here uh question came up so semiconductors could you talk a little bit more about that yeah so the semiconductors doji candle on friday makes a higher high today goes above 209.74 it's now below that that's with the days young that means barely started but it had a higher height went to 300.20 so touch the 300 maybe came we'll see if it's going to become a friend just like 36 000 for the downs they're going to become a friend or a friend or a repellent zone okay so here we go semiconductors look at applied material applied material leg d big big moved to an all-time high of 154.89 and now showing at 151.92 down a dollar 37 look at envidia envidia good today up almost 10 and 307.47 show strength all the way through look the look there was that pullback in the unbalanced volume even though you can't really see it was a red candle even there was the closed off an all-time high and now you're balancing so yes it could go to a leg d i wanted to look at we'll go through them intel someone asked me about intel is this time for intel to well intel is from what i've heard has at least finally got a product that is a viable product before they were just doing absolutely the wrong things but is it too late is it perfect i don't know all i can say is that is it was lagging at a huge gap from a peak d back in around about the 18th 19th or so of october comes plummeted gaps down plummets down all the way to the 47s and now it's a 51 nice four point balance trying to fill the gap but i suspect from the chart that a little bit more work has to be done with intel before we can consider it as a viable entity for a more intermediate term by let's go to something like we don't look at very often which is xilinx zlnx zilinx goes to right here look at leg c in the weekly chart leg c in the monthly this is in the semiconductor area but it's in a leg d huge move out i mean a warper in one week it goes from 180 level to the 203.61 high today so that's what i'm saying that in individual areas advanced micro devices you've got even then you've got some kind of a variance and in this particular case you've got a couple of stocks in the same house that are really acting poorly i haven't got to them all right now but what we're all looking at is the leadership is there and as long as that leadership is there that is a big big bullish sign for the semiconductors so there's a leg d in the daily leg d in the weekly leg g slash b in the monthly advanced micro devices up 4.3 3.4 percent at 141.03 all-time high in leg d so you you can see that we've got to be very selective if you look at the iyt which is the the i shares of the i i love this title i shares dow jones transport average index fund oh by the time you said it anything could have happened it looks like it wants to make a leg c in the monthly chart above the 287.40 high of of may of this year it did a big dreaded h pattern then turned around for a cup formation and and the high on friday was 281.45 is that updated yes 281.45 and that's a really good sign but if you look at csx almost by itself why is that not working csx uh has had a spectacular move going to peak e little doji candle high um all-time high in fact and 36.45 it said 35.55 gone sideways here huge move is this a new leg a well this is your starting point peak a b c d it's it's had two weekly peak d's with big pull backs and this time it went to a single leg a up to a new all-time high i've got an up arrow so all i can say is it went it started this move above the previous high sorry above the previous low of 27.70 this low was 28 29.49 on the 24th of the week of the 24th of september so this could in fact be e i should have done it in the beginning e slash a could be old e just a pop up to complete this move or a brand new move to the upside my thinking here is on on i'm going to give it the benefit of the job just for now and say there's a little bit more of the technical aspect that says a but just as a traditional thing i'm calling this e slash a to say picked up their previous d and we'll see what happens but that's a big thing for the Jospers where's jets jets is trading up sharply this is the u.s global jets etf wow what a nice move single leg a up here hey is that no has it gone to a recovery high but this is good it's up 32 cents at 24.94 this is the global chest this is yours is balance very nice i'll be back in a moment that was up 147 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 stream 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 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