 The following end. 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. Hello, everyone, Basil Chapman. And this is going to be a very important moment as we are speaking because the Dow is down 250 at 26,254. It hit the 50-period exponential moving average support this morning. Just last night, the action was just horrible. It was down actually in the futures, down 601 point. This is going to be something that we need to monitor now because all the ingredients, regardless of what happened over the weekend, last week I was talking about it on my show, that all the ingredients that I was looking at for some kind of a sharp pullback and one of the reasons why we're short in terms of the shorter term, I have to go one step at a time here because that weekly chart was still really strong. But I attempted and for subscribers, we still got some really nice long positions. They're actually holding very well. One is just taking off today. Day's young. Who knows what can happen, but it just accelerated to almost a leg D in the daily chart. That's what we wanted to see. But that's not the issue. The issue is those are individual stocks. The actual sectors that we're looking at, if you look very carefully, you'll find that there's some underlying strength in a couple of key sectors. More importantly, if you look at the DAW, look at the daily chart. The MACD was good, but not as good as it should be when it made that peak D. Let me just talk about this because I always talk about it, but I know a lot of people are used to my terminology. Core patterns in the Chapman Wave methodology try to identify the most obvious low bar, merely start counting each successively higher peak, alphabetize them on the way up. They go to G, uppercase on the way up, lowercase on the way down. On the upside, we go from a buy signal to a buy mode, and you want to see four higher peaks, peak A, then a higher peak B, then a higher peak C, and then peak D, the fourth highest peak. That's where other things can happen. They don't have to, but that's where you lift your foot of the accelerator just a moment and you hover over the break to say, all right, we're going through or whatever the intersection is, everything's got to green like we said. The patterns I look for, either the cup, where you're ready from a particular point, you arch over, you come back and test it. If you break it, that's one thing. If you bounce off it, that's another. Or you go in a cup formation from a high, you pull back and you test that high. If you break above it, that's one thing. If you don't, that's another. Just three patterns in all-way forms, straight up, straight down, arch or cup. The arch could be a V-shaped pattern, I'm sorry, an inverted V-shaped pattern, and the cup could be a V, but it's the same principle, going from one point up and then back again. However, within that context, you can get the H pattern where you break, you come down, straight line, then you arch over, test, and you break it or hold it. So that's the lowercase H pattern. Or you get the upside down or inverted Y, which means you're going to test the left side high. Really simple. That's all we're looking at. Of course, it sounds simple in real life. It's just not always easy to do. Hey, here we go. What are we looking for? There's the arch formation. There's the chapter inside wedge. There's your left-side, right-side price. Time-match, we got to the 26,062 level in two days early, taking out the chapter inside wedge support, target line. We went under it. We went to 26,033. That's not a good sign, because you're making lower highs and lower lows. Simple. I'm just trying to keep it simple. The magnitude of the moving average convergence divergence crossed sharply negative. That's not a good sign. And the stochastic is way down at 48%. Not a good sign. I'm waiting until it probably goes into the 20% area. That's where we start to expect some kind of a bigger bounce. That's my thinking. That doesn't have to happen. Resistance is at the 26,320 level right now on a short-term basis. High today was 26,335. We'll see what happens for the rest of the day. The weekly chart. A peak C was formed last week, because we did not make a new high above 26,695. All week, however, it's 26,951. The high of October. The all-time high. That is the target for us over a period of the summer. All right. But meantime, we've gone under the nine-period moving average in the weekly chart. We haven't tested the 14-period of 25,980. But now we're above the nine. That's good. The magnitude is only turning down. And the stochastic is way up at 93%. That is turning down on balanced volumes, putting back, and so is relative strength. But still pretty good at about 57%. Hey, so far, this is just the first decent pullback that we've had in a little while. And that's the way we have to look at it. However, if you go to, I'm going to skip the monthly chart just for the moment, because the monthly chart, I'm talking about a month, we've only just barely begun the new month. So let's just say excellent action so far. S&P, let's do that very quickly. Get it down right now. What we're looking at is the S&P has made low lows and lower highs. 29, 49.5 was the all-time high. It made the all-time high. The QQQ is all-time high. XLK, tech sector on the S&P, all-time high. HAC, all-time high. These are very important indexes in the sectors. But in the meantime, back at the ranch, we haven't even made a peak C. We have all of this week, not to go above 29, 49.52, to confirm we've made a peak C in the weekly chart. The MACDs, strong stochastics, even higher than the doubts. At 97.10, that is really good action. And that's the reason why I didn't want to overdo the short side. I wanted to be very selective. That's why I didn't want to get rid of our long positions unless they were stopped out, because so far, they've done really well. It's a sector. I had a webinar a month ago, and I said, these are the sectors that we want. We're going to start buying them. People who got my newsletter, who are part of that webinar, who got it for free, I hope you've done very well because we've had some real nice trades. We've also had mistakes, but the long side's done much better than the short side. Okay. Now what we're looking at is, within that context, let's go to the QQQ and just say, all-time high, 191.32, low, low, lower highs. Still a nice, tight consolidation. If the Qs are able to get to 191, I don't know how it's going to do that, but let's just say the Qs can go to 191 by Wednesday. I would say that's a really good action. My thinking is they're going to make slightly lower lows, slightly lower highs, and we will make a peak C this week without a new hire over 191.32. The Magdy's week, the Castic's week, it's underneath, it's right on, in fact, the 14-period moving average. I'm suggesting to you be a little careful in the QQQ Invesco Trust Series, the NDX-100 Trading Vehicle. The IWM, lovely action. Look at this. Even though it's pulled back a little from the intraday high, it's still in leg C. It'll be a peak C if there's no new hire from Friday's recovery, eye of 160.64. This is nice action. And I would suggest to you that keep your eye on the IWM because if it holds better, fund managers are going to have something to buy. The small caps will be favorable. You need a little time just to see if it's going to hold these highs because the Magdy is good. Cicastic's still only at 70% and the weekly chart is very strong, holding very nicely. Now let's go to support is absolutely key. 156 is at 159.95. As we go to the break, we're going to go to the gold. Gold is only up .7. You would think with all this conflagration going on with the tariffs, et cetera, over the weekend, hey, you would expect gold to be up at least eight or nine dollars. It's only up .6. Something's wrong with this picture. I'll be right back. As a chapter of dollars, up minus 230 S&P's minus 28. Be right 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. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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Sign up now for only $97 a month with a risk-free 30-day free trial, and you'll see a new and improved navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Right, Vogue, so what we're looking at here is that gold has actually held very well because the low of $12.49, contract, I better check that was it. Yes. 1249 run about the 17th or so of December. Yeah. We went all the way to the 1340s. I think it was sort of 1345. Let me just double check. What does that say? Yeah, 1349.8. And then pulled back. That was in the Chapman Wave methodology. There was a PE. That was 18th, was it? 20th. 20th of February. And then we come down a very bumpy bump. Arch formation. Remember the lowercase H? There is the 1, 2, 3. Now we're making it almost like a lowercase M formation. But we haven't gone even close to the 1249 area. The lowest 1265, 1267. Back on the 2nd of May. So, so far, Gold has actually held quite nicely. But it's really not showing any leadership role. If you look at Silver, it's done the same thing. It's held really well. Actually, it's even better because it hasn't even come close to the low that was made back in December. No, it was November the 11th, when it went to 14.29. That was the low. This is the Silver Continuous contract. And so far, the low has been 14.57. So, so far, it's just been a very, it's been nothing. It's just been like a, I'm taking my time. I'm just going sideways, slightly down, slightly lower highs and low lows, but nothing serious. No big smash to the downside. I think that's very important to keep in mind because it says that Gold and Silver are not out of play. They're just not quite in play. I like that. That's the concept I have because if you look at this, the dollar has been doing the exact opposite. Beautiful cup formations and each one is going to slightly higher highs. It's just a series of stair step moves, basically higher lows, higher highs with, it's almost like three steps forward and pretty close to two steps or even more back. I mean, look at this. You go off the 95.03 known, Janney the 10th, you go all the way to 1968, and then what do you do? You scare the bajilles out of anybody, but going to 95.16. Well, fortunately, we've been long since April of last year, so that doesn't bother us. But the fact is, it went right to the 200, look at the orange line, the 200 period exponential moving average and ready. And what's very nice about this, look, I wish I had a tool that I could just do this in simple terms. Look at this move right here. You see from there, from the 200 period moving average up to that high. If I use this, let me just make this nice and thick. Let's make it style, make it single, make it fat, nice and chub chubs. There you go, chubs. And now let's make it somewhat kind of color, make it blue. That seems to share. Look at the blue. Now look at this light from the 200 period moving. Remember, I've talked about this for years and years and years. I've said it's an incredible thing when you look at channels, especially if you look at something like the TNX, the 10 year Treasury bond yield, and you're going to over 31 years and you see that it's being in the same down channel. That is a trend line going down and then one below it, going down the same degree. And yet it never breaks out up or down. It did once in December. That was the first time it did it in the TYX, which is the 30 year, but it did just break out. I'm always fascinated by that. But what this will explain it. I need to be able, I wish I had the technical mathematical skills to be able to explain it better. I'm a visual person. Now look at this. When it went to the next high back on the 7th of March in 9771, it was just a tad bigger than the blue line. I'm going to explain something in a moment. And now what it's done, it looks fantastic, but look, it's just a little bit bigger, but it's the same, almost the same percentage to the upside to the 9833 lost out of the 26th of April. Now let me explain what I'm thinking. I wish I could do this in a mathematical way. I can't. I can do it very nicely in a visual way. Look, if I drew a channel line, but let me see if I can actually do that here. I'll do this channel line and I'll say the most important thing is to be able to identify the trend. So for me, the dollar is an uptrend in a decisive uptrend. But most importantly, it's not that it's just in an uptrend. It is the fact that it is in an uptrend. There we go. Look, I'm going to make this red because if it takes that out, that's not good. And now I'm going to put another one over here and say, look at this. Look at this uptrend from those highs right there, a bunch of those highs right there. What we've got is an emotional response that is diagrammed in price point. And that price point says, every time you get excited about the dollar, the moment you get a little too excited, shown by the arch of both the sarcastic and the mag D, that's the technical side. The emotional side is bumping into resistance. And if we're to break to the upside, we could have a green line that says you've now turned this into some kind of a magnet, probably eventually turning into a support level. And below it, you could put a little bit of a support line, a chapel wave, inside track cushion that was a repellent zone that's now going to become a support line. That's always been my thinking. I don't know how to put that into philosophical terms, but not the mathematical terms. Other than to say, this is what I think happens. So when I say to you, it is incredible that you could have a chart that has an up channel that's a resistance at 20 and then at 25 and then at 30 and then 35 and then 40. But you look at the base and the base is going 15 to 20 to 25. That is the arithmetic result of what's happening. But to say that there's an uptrend and every time the emotion gets too high, you're going to bump into resistance because of x, x, x and y, y, y and all these other things. I haven't got the tools to be able to put that into mathematical terms, but visually that's what I'm looking at. So that means that this pullback, which is so far one of the shallower pullbacks from hitting that line, if there is a rally in the dog that even gets close to the 90, it's a 97-55, gets close to going to the 98s, that'll be the first time you've had a high level consolidation saying there's a chance you can break out. Piki says it's like a cardiac grand vial heartbeat. Yes, yes, yes, I've looked at heartbeats. Believe me, I've looked at heartbeats in great, great detail, those DKGs, etc. But when you look at that, there's always a base. It doesn't, how can I explain it? I can't explain it right now. I'll try to, by Friday, technically Friday, maybe I can give you a little bit more on it. That's not waste time. What I do want to do is to say if you look at if you look at the dollar it's acting very nicely. If you look at the Euro EUR USD, there's a Euro, Dollar-Currency pair, it's at the bottom of the range it's getting a couple of green candles. That's good to say maybe there's a cushion here in the 1.1111111 one longer ones out there. But at this point, it's not a great looking chart at all in either the daily, the week, or the monthly. Now, if we look at the USDJPY which took a bit bit of a hit last night, obviously. Ploppett went underneath the support, made a peak D chapter, wave peak D daily, chapter, wave peak D weekly, and only a C in the monthly, this Yen currency pair trading down 0.27 at 110.837. I would just say to you, it's consolidating after eventually getting to what we wanted was a leg D in the weekly chart. It's done that. Now it's consolidating with a 200 period moving average of 110 key support. Crude oil. Hey, what about crude oil? Crude oil is trading right now down just a little bit down, 10 cents having gone right to the 200 period moving average and rebounded nicely. I talked about this saying this could replicate a little bit what we might see in the Dow in the market itself. Well, actually it's led the market down. It's trying to bounce off talking about as soon as we get back. Since 1984, Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. 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All right so we've got the um this is a crude oil and it's just hit the 200 period moving average and it's bouncing but this is important it is just hit the 14 period moving average in the weekly chart and bouncing. I'll tell you what I'm looking at you I draw you this rectangle uh did it move because it should have been like that and we're a little under the rectangle in the weekly chart. The daily one I said this is going to be very important because if it makes a little head and shoulders by having the right side try to bounce and then fail then we're looking a little deeper than what I was anticipating because I had said my my thinking was that there could be a test of the 61 50 maybe the even the 59 says actually oops 61 did I say I remember now it was 61 oh 62 50 to the 61 when it went right through that this morning it went down to uh 50 no it actually went to 60.04 and now it's bouncing as a 61 87 I don't think it's quite done yet so it's saying to me in this particular pattern there's the arch formation and that arch formation suggesting there was a test of the of the 200 period moving average and now we're going to be looking at it closely because the weekly is saying the magnate is really good stochastic is taking a dive under 80 percent the on balance volume is down this is just the first day of the of the week so I'm not going to get too carried away here and then to say the technicals in the daily are very weak there might be a bounce my suspicion is it's going to have to do a lot more testing now if we get to the TLT and we're going to question that's the usual statement uh Paul I was I was actually going to ban Paul from mine then I thought you know what um I'll just keep it there I'll keep it there because he's really he seems to look he says your system is now showing holes love it when you say other things can happen you ain't kidding keep waving those pom-poms he says every day he says waving those pom-poms I have no idea what that means number one number two is uh Paul are you are you wanting me to fail is that I've been in the business a long time so it's doesn't show too much inside in your party if you think that I'm going to fail because there are always backups that we have this number number two number three is other things happen that is the technique that I developed years and years ago and if you don't you can ask anyone that's ever used a chapter wave methodology they know those D's look at this D if you want to know what other things can happen at peak D at 126.69 the 28th of of March the TLT Lehman 20 a T T bond fund dropped to 122 in bonds four and a half points big deal the TBT let me explain to you what D's mean went to a trough D at uh right here after a peak D on the 1st of March at 36.64 it plummeted to 32 ran up to a peak D remember I don't like peak D's when they're underneath the previous one because it's opposite hasn't got much strength it should have taken that out it didn't and it went to what a peak D the fourth highest peak in the chapter wave methodology a methodology that's being used by thousands of people and at 1834.49 it makes a top and has pulled back to the most recent loads right now training at 33.20 so when I say other things can happen that is the genesis of my methodology so just let me clarify exactly what I mean by capital letters other things can happen you ain't kidding all right let's go back to the dollar because the dollar made a peak D at 98.33 on the 26th of February that was a peak D at 98.33 the week of February the 26th and we are waiting for a peak D in the monthly chart because it's at leg C and a major peak D at the high of 103.82 on the on January 2017 just one little example of maybe 20 charts I've just shown you with those peak D's just to clarify so I'll keep you there because you it's good for it's good for me because it keeps me on my toes and it lets me explain my methodology so thank you very much next thing I had a question about the HGX HGX which is the Philadelphia housing sector index HGX here it comes look at this chart there's a very interesting chart it's gone to it actually recycled it went to a G actually I'm going to say this is a G see there's the alternate count because lower interest rates should be a boon to the housing market it hasn't really been a boon but it really has helped over the last thank goodness over the last couple of months and it's in leg I'm not sure that I can say this out loud but I'll say it's in leg D in the weekly chart so that's something to be monitoring and so far it's done $1.91 and that $1.91 look at the left side holding the nine period moving average above the 14 period moving average which it tested today and now it's sort of at the high of the day a better action but the technicals are not that great so I'm watching this one really closely what was the question about it HGX minus 0.7 % BZH BZH oh putting them together thank you BZH there's that leg I'm not sure I should mention the letter because it's just being used a little over over an abundance of the the letter oh why look it's at a leg D in the weekly chart and pulling back very sharply down 71 cents at 11.80 so this went C-D-E-F-G I believe C-D-E-F and there's a G top so yeah BZH homes pulling back quite a bit from the high that was made about 14 in the 1440s trading right now at 11.80 that's not such a great sign next question I had XRT oh good I want to look at that I completely forgot about it today XRT went to a peak E so this is a D and now it's an E and it's still holding pretty nicely this is the XRT but it's in the lower range and to me it's saying that the retail sector is kind of under pressure right now but it isn't breaking down it isn't breaking out so it cheated as a sideways move if the XRT at 45-42 over the next three weeks is able to close even one week above 46.50 that'll be a really big positive if it closes underneath 44 any week that's not not a good sign at all so that would be 46 so there's only a point and a little bit up but I would even say on the downside if it closes underneath the low that was made three days ago of 44.85 that's going to be a good sign to say the turn to be removing average of 44 could be retested again that is the XRT the retail S&P retail spider and the next question I had was oh FXI oh I haven't I mentioned look at it last night and I didn't big big big gap down down to dollar 41 at 43.50 that made a peak E in the weekly chart it did that beautiful left side right side price time match and then extended just a little longer and then it failed and I'm looking at this a scan saying it's actually held extremely well under the pressure but let's see if we can if it breaks at 43.50 and any day if it closes under 40 under 43 it goes immediately to the 41.60 I shouldn't say immediately the chance is it should try for the 41.65 turn to be removing average in May that's what I'm looking at BRK question the Dan BRKB Berkshire Hathaway very nice rally up until let me just see I haven't notated this for a little bit we'll do it live right here let's see what it goes to we've got we've got a break coming a peak D in the weekly and the daily chart on the 4th of February at 207 209 40 and I pulled back I'll do my work and by the time we get back we'll have the notation and chapter methodology straight after this break 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a peak e in the five-minute chart so that was the pullback that we had it's going to be interesting to see how much this holds what happens after that and as far as i can tell uh we haven't i said that the time at about 11 and what was at 10 i said we might be making some kind of intraday high how the market handles that is going to be very important if it takes that i'd say just subscribe is if the down is down more than 280 points at 130 that means we're probably going to close lousy and if it's over there if it's let's see if it's down more than that if it's down less than that that's pretty good action but uh we'll see and that was that was my contention and uh so brooksha hathaway peak f uh today if there's no new recovery high which i think it's impossible for that to happen by the end of the day unless someone wants to take over brooksha hathaway which will never happen at 219.16 the high we're trading at 219.12 right now because that says to me that i can consider this probably a peak f for now and i don't see why not the magnate turned down stochastic under 80 and the weekly chart is making a peak see if there's no new recovery high all of this week i have a target of 227.04 which i believe 227 227 is no wait that can't come here i should have been a five 220 should have been a four 224 on you that was wrong they are 224 so i have a target of the 224s uh sometime i i would i've got it really on a technical basis sometime by in june maybe mid to late june and we'll see what happens because if it takes out two or eight support over the next week or two that's going to be really tough to achieve but in meantime i we don't actually have a position for subscribers in brooksha hathaway this is one of those things years and years ago you should have just bought and held and then gone to the meetings and that's what you had to do because it's had a big choppy move for the last few years but certainly making high highs and higher lows so let's go on we got uh xlf the question was xlf is this acting well today yes it's acting well today but it has pulled back from a peak etop four days ago and it's a peak see if there's no new recovery high this week i happen to like the financials i know they get a lot of bad press i i'm just thinking that the financials for me are are kind of doing the job they're having higher highs and higher lows uh they kind of being dist the people who love them have always loved them so that doesn't make any difference but the people who have always wanted to put them down just constantly saying that this is not the area to be but i'm just only i'm looking only technically i don't know i've i've seen this before where you talk about rates um very low should be great for for the xlf and you'd hear rates higher rates are really great for the xlf you know what the xlf i think is now a value trade and i'm only looking at it that based on the technicals and on my sparse knowledge of the whole banking sector i think that this is really right now more more looking at it as a a go-to area for safety which i think is going to turn out to be one of the leading sectors but not yet and it's just holding very well so xlf just down 26 cents to 27.81 i shouldn't say just because it's down 0.93 percent and the dowels down 0.84 and the SMB is down 0.95 so it isn't just it is down there but i'd like it and um so back in um september of last year hit 29.07 plummeted to 20205 that's five points that's 20 percent and then what happens is it rallies very sharply and then it stalls so it's stalled here in the 20 eightish area trading at 27.82 i like it and we have a bank stock that's still doing very nicely i like it very much so yeah we are and i'm holding the wrong mouse that's why it's not moving um i yt which is the transports there's a big tell it's a nice green candle today with in a range between 191 support and 200 most recent high on the 24th of april i like it very much we're still long this we were long since the 186's i'm expecting a leg d at some point in the next couple of weeks and that will be above 200.42 it might have to have a little bit of a more of a digestive phase might even have to hit the 187 200 period moving average i don't know i'm just looking in and saying i like this action i like when the dowel and the dowel industrials and the dowel transports move in sync to the upside rather than when they move in sync to the downside there's nothing to do dow theory it's just to do with directional move saying if a moving is it's moving up as a good side next question i had was i where did it go to over the weekend oh oxy i had a whole thing and i meant to uh check it out to to read to you oh hope i can find it uh maybe in the break i'll be able to find it but i do believe it was all about oxy and what did it say oxy oxy oxy um oh i won't be able to find in this very short period i'll look for it during the break it was from george just to clarify what he was saying the other day and then oxy came out with a bumped up offer so i'll find it i'll get it in a moment so let's look at the other thing that i wanted i wanted to talk about which was the vix index you see the vix trading right now at 16.43 had a high of 18.80 now it's only only at 16.43 i just have to tell you that the vix starts to remain on a closing basis in the 16s or about 15.95 i'd be quite impressed especially if there's another week session tomorrow that would confirm for me they were in this digestive phase which i've been talking about for about a week or so and that would be confirmed for me that it's probably the case i'm calling it a digestive phase because i don't think it's a major cell signal yet even though i've got a cell mode in the dowel i've got a cell mode in the s and p the qqq is only in a cell signal i have to wait for the end of the day to have confirmation i'm pretty sure that it's going to be in a cell mode yeah if it closes under 188.60 yeah if it does then i think i'm going to call it a cell mode and we'll deal with it that way hey look at the new york stock exchange ny8.x so new york stock exchange also potential peak c in the weekly chart peak d where is it paul peak d two peak d's in a row in the methodology the chamois methodology in new york stock exchange but it did have a really good session on friday today is pulling back but it's actually starting to hold a little bit better and that broad 2000 normal stock new york stock exchange i don't want to see it at 129 129 21 down 115 i don't want to see it close on a weekly basis under 12700 because that's going to say oh it's really been struggling it hasn't gone to the all-time line of 13635 it's going to take even longer so i'm watching this one closely i had a question over the weekend i must remember what it was oh there's some h's and there's some h's trading right now at 140.50 down three points uh it was made a high all-time high at 120.71 on the 24th it made the pattern that we call the dreaded h pattern it today went below the 139 low of six sessions ago but it's closed so far it's up quite nicely above that watching this one closely because the magnus stochastic are very poor but it is a peak c in the weekly charts i'm expecting more of a pull back to come i'll be right back down 220 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 and p 500 for the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets 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the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nika our hunter and gatherer ancestors found all their nutritional requirements for health in 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've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page 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 page 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 we're looking at oxy at 58.62 and george has said good morning this is back uh tuesday uh good morning basil hoping all is well just an update i started in a long position in oxy at 58.03 for reasons as follows one oxy offer 52 week high of 87 67 back in june of 2018 number two has largest average in premium basin i think i read all this on uh friday but he wanted to confirm did i get that confirmation there was something else he added yeah i think he added something but in the meantime i did some work on oxy over the weekend the weekly chart made an arch formation remember the lowcase h the dreaded h well the low that was made back on the week of the 28th of december of 56.83 the low so far has been 56.95 and 56.94 this week so far so it's held that low that's really important and it's important for the the week weekend monthly in this h pattern because there's even a larger h pattern that's gone from the 50 uh 56s all the way to the 86s uh and come back all the way down and retest of the lows this is the third time we're back there okay now on the dating basis what i'm looking at is we went to an arch formation in the dating chart took out decisively made a whole series of arch formations now we've got this little double bottom that's made 56.95 on the second and 56 point 94 today but it's running nicely it's up 64 cents at 58 59 george i think you've done your fundamental homework very nicely this is my thinking i'm not a fundamentalist but from what you've read i kind of concur with much of what you said the only thing i'm going to say to you is that this had better be there's still to be you know how it is in the in this business when there's a takeover it looks great in the beginning and then all of a sudden all those costs come into the into into a factor so it isn't always a creative or sometimes it is a creative but it takes about a year to be a creative i think that there's a chance that if oxy closes under 55 you've got to be prepared for a little bit more of a hiatus but if it moves even higher if it goes to 60 in the next week and a half without taking out today's low that's really good action folks stay tuned you got steve uh you are steve david and tom coming out check out my opening call and my uh dating newsletter i think you'll find very useful i hope so and profitable