 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapin. Call now. Call free at 1-877-927-6648. Hi, folks. Basil Chapin, Tiger Technician Hour. Let me just show you a couple of things here. I'll go straight because the beginning of the week, beginning of the month, second day of October, Monday, but the first trading day of the month. So let me just show you a couple of things. If you look at, I'll get it right up here blank, there it is. If you look at that nine period exponential moving areas that I talk about so often over the 14 or under the 14, look what happened. In the weekly chart, I'll go to the actual charts right here. On the dating chart, let me give it to you here, INDU. The dating chart has already, there it is, so here's the down chart, there we go, INDU. We're looking at the dating chart with the nine period exponential moving average quite some time ago, flipping to negative, and that said that there's a good chance that we've increased the cell signal to a cell mode that's upgraded, of course it's downgraded because it's going down. And we use the 200 period moving average in the Chapin week methodology as kind of a benchmark, a strong look back period of 200 bars, in this case 200 dating bars, and it's just telling you that we were way, way, way above it when we hit the 35,679 high of August the 1st, that's where we went short, we remained short, although on a very short term position we actually have a long way as we did last week, and we took our profits in that, and now we've got that again, we'll see if that's going to hold, that was quite a bit weaker than the others at this particular moment that is there to be in the queues. So but look at this weekly chart, you see that S right there is the weekly chart, there's the monthly chart, now we can start looking at the monthly chart for October, but in the meantime here's the weekly with very poor 9 period under the 14, very poor MACD, very poor stochastic at 24%, unbalanced volume is pulling back, so all the technicals here are not that strong. I do see some residual strength, and the reason why I say it is that I'm looking at the S&P, and the S&P dating chart went right to the 200 period exponential moving average for five days now, it's been testing it under it, on it just above it, and at 42.90, up 2.30, it's really struggling, and look at the distance between the black 14 period moving average and the pink 9 period moving average in this daily chart. Now look at the weekly, finally you've got the sense that that 9 is turned down, I'll go to the weekly chart just because you can see it a little bit better. So here is the Dow daily, here's the weekly, if I can get it right there, oh that is the weekly. Here's the S&P weekly, and remember the day, 35-40 minutes into the trading session, it's not the week, it's just a fraction of time, but you have got S, meaning that that 9 is finally dipped, but it's a weekly chart, you have to wait until Friday, well wait a minute, look what happened on the ES, the continuous contract on Friday, it already turned down, now it's done that a couple of times where it turns down to red, sorry pink, goes to green, rallies, and then pink again, and then rallies. My suspicion is that this might last a week or two, if it dips pink again by Friday. I don't know if it's going to be a sudden turn around, in fact we might go pink and then have a pretty decent bounce, and then have to retest again, look at the QQQ, QQQ weekly chart hasn't even gotten close to turning down, yes the green 9-perim moving average is sloping downward and the black 14-perim moving average is sloping downward, but they haven't crossed negative, and if you go to the futures, futures are much closer, haven't turned down to pink yet, look at the IWM, Russell 2000, pink for about two weeks now, very, very weak, all right, so I wanted to show you that, I called it the instrument of last, the technical tool of last resort, look at this dollar, look how strong the price is, look how strong the green 9-perim moving average is above the 14, all I can say is I'm waiting, I'm waiting to see what happens, because if you look at the EURUSD, which is the, this is the Euro dollar currency pair, down 0.007 and 1.0507, look at that 9-perim moving average is pink for a while, you made that high right over there, but returning down, look at the USDJPY, this is the end, very strong, very strong, little weekly chart, all right, so let me get back to our story and we'll run this quickly, we've got the S&P, as I said, they did the 1-2, a little over 1-2, 1-2 to the downside, the S&PY falling X, and that's the pattern that says, oh, what's this because you can get a 1-2, 1-2 down side of this arch formation, drainage formation, just takes out the left side of 433, 4335, that was back in August, and it did that, so now you've got a lower 4238, 63, a balance goes right to the pink 9-perim moving average, and it gets repelled, the weekly chart, this turn down here says, you can have a rally, but it can't be, I'm not sure it's going to be that strong or lost that long at this particular point, but the week is very short, look at the QQQ, same thing, so the QQQ has held way better, 354.71 low of mid-August was taken out of 351.36 four sessions ago, nice rally to the 14-perim moving average, pulls back, still green today up to 19, trying to form some kind of support, there's your patent called the Dreaded Age, and since we're always getting new subscribers, as well as new listeners to TFNN, let me just do this for a moment to show you the patterns that I like to look at, so it's a very simple thing, I'll look at straight line up, straight line down, an arch formation, cup formation, and we'll mix between the two, if it's sharply down and then makes an arch and fails at a peak A or the second peak which would be peak B, takes out the left side low, we'll watch out, we've done that a few times here, and now what we're looking at is this large B, oh so B minus because it took out the left side low of 354.71, so let me just change that to a minus, I like to have it all as clear as possible, here's your balance, and this balance says in the weekly chart you've made your Dreaded Age, remember what's the pattern we're looking at, if the left side low is tested in the arch formation, certainly from a peak A or a B that fails and goes to B minus, which this one has done, what happens at that particular low, just as in the green reverse Y, if you take out the left side high you can go quite a bit higher, it's very positive, so what we're looking at here is, yes your cup formation went to a gray A, I did not put a down arrow even though for two bars it closed under the 14 period, moving average because it hasn't closed two bars underneath this low, I'm really close to saying there's a sell signal in the weekly chart, but I haven't yet got that, by the end of the day we might get it, I haven't got it yet, by the end of the week I meant to say, we have to wait for Friday because it's a weekly chart, and look at the single leg A in the cup chart of the cup formation, it's still very strong, technically look at it, lines over the 14, prices over the 9, bank needs good, and as good as it was at the high, all the time high, four or eight back in November of 2021, but the stochastic is at 89% and flat and I like that, I'll be back down to 119, that's to be down for it, if you're looking for potential trading setups in the stock market, then Rocket Equities and 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 and 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. 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TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch 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. At 727-873-7618. So folks, if you look at the XLK, the XLK is the S&P Select X Spider Fund and here we go. Dady made a little trough D, which halfway we did this dreaded age, the pattern we were just talking about at the moment. It took out the left side low and on the third, no for three days, for two days it closed under that left side, our third day went above. So we're going to be watching this because there's a chance, I'm going to draw it in. I'm only drawing in because it's a pattern that people watch very closely. In this pattern that I call the dreaded age, that's the left side log is taken out off an arch that fails at a peak A. There's the weekly chart and I'm going to make this just for the moment. I'll make it thick, make it blue, just so you can see it nicely. Here we go blue and now I'm going to double it, here we go, copy it, paste it and that says that there could be a test of the 160 level. What was the low just the other day? The low was 160.61. So it's almost done the one-to-one in the dreaded age pattern. That is the left side straight line down and yet another straight line. Remember in the chapter and this is a pattern that I call the falling axe. I just give these nicknames. It's like there's the handle, there's the expanded blade and it's tilting down. So in other words, it's an expanding cone, declining expanding cone. Then it finds support and then it breaks to the upside, breaks the trend line and it goes high and makes this cup formation or V-shaped formation goes right back to test the previous high. Well, you can invert that. I just turned the slide upside down. It's exactly the same thing. So he has this expanding axe but except it's the upside down one or the other guy standing on his head. It's just a really safe thing to do and then chop the tree down upside down and what happens is it forms an A or a B and it turns around and makes the dreaded age pattern but within it it really has this inverted falling axe formation or expanding rising expanding cone. All right and that's what you got both in the daily and the weekly. There it is and that gives you the one-to-one to the downside. So now what we've done is we've seen 177.04 the high of December of 2021 drops pretty sharply down to 112 and then goes back the 50 points over 50 points and goes to 181.46. We've seen so many stocks and ETFs and instruments that have made exact double bottoms and exact double tops within pennies after a year or two. It's just amazing. It could be days, it could be weeks, it could be months, even years and here it is from 2021 December to we're almost in December 2023 but look at that. It makes a high and that is in July of 181.46. So the technicals of the weekly chart are still very strong. Techings in the data are starting to weaken but it hasn't gone asset. In other words the nine my indicator of last resort hasn't turned down but it's very close. So this week is a very important week. The data charts in the cell mode, the weekly chart should be in a cell signal but I've waited because I need to see it close with the nine period moving average turning down and hasn't done that yet. This is important and the SMHs and I should mention we're still short SMHs from if I can just find where I take that I'll find one of these days SMH. Okay semiconductor market vectors, semiconductor index. Why is that? Let me just put that over here. Put it out the way that's right. VanX semiconductor ETF trading up $18 at 146.13. Had one to one from the all-time high. All-time high. It goes from 159.42 in November of 2021 to 83. Almost 50% about a 48% decline. Then what does it do? It ruddies back and it makes an all-time high at 161.17 on the 30. Look at this on the 31st of July. Two days later before the open we shorted and we're still short. We did use the SOXS as a terrific short-term trade trading vehicle made nice money and we haven't done anything with it lately and now it's bouncing quite nicely off the low that was made at 139.76. This is one to one to the downside. It did it exactly but here's the problem and now I can start to increase the length of this. The pink nine-peered expert. I call this the inside track was a propellant zone. Now it's become a repellant zone but we're right on the border and that nine-peered moving average hasn't yet crossed negative. Now this is the thing if these all of these indicators by Friday start to go negative pink it means yes we could have decent bounces but you've already now got the data in a cell mode you got the weekly at least in a cell signal of really I mean the estimate just to me is it's one of the very important indicators why because or indices I should say because it has chips and chips is the oil of the 21st century it's as important as oil has ever been and oil is still very important in fact let's do this we'll go from this area and we'll look at the gold contract which is down a little bit that's down 20 accelerating lower away from the 200 period expansion moving average and what are we looking at we're looking at a situation where there was a potential for a cup formation never happened in fact now what we're looking at is we've taken out the left side low the next low is right here in gold of 1825.4 that was in continuous contract the low of the week of the 25th of November what did I say 1825 right 1825.4 in the low today so far is in 1843 area so there's a bit of room to go and I I'm kind of concerned that about gold because I need to put it together with XLF the financials and why do I do that because whenever there's an issue that looks like there might be some kind of a financial crisis coming that's that exacerbates any weakness in gold because when the gold is moving up it's usually because people are countries not not just you and I or or institutions it's country big big big money comes into gold when they fear some kind of whatever it is in the financial sector I'm watching this closely because so far the XLF that is the S&P select financial spider fund is really holding just sideways there's the lowercase h that can go to a lowercase m in the monthly chart there's a peak A peak B peak C remember we were anticipating D it failed at a peak C before back in March I think it was March no February February the week of the 16th 10th week of the 10th and 37 30 37 13 pulled back to just over 30 ran to a peak C and it looks like it's sliding again he has the nine-period moving average just this is the week has only begun so I'm saying I got a full week to go but it has flipped to S and that means that the nine is getting real weak going under the 14 so I'm watching all of this closely and it says as I said just subscribe we've done nicely we've raised quite a bit of cash we've been very selective in trying to get into positions that are stocks or whatever it is ETFs maybe that I like because they have more of an intermediate term potential to either hold where they are or to move higher maybe not as much downside risk as some others all right within that context I want to go to silver ever spoke about silver silver is even weak silver that's 0.7 down 8 feet 21 61 look is almost got this one-to-one after I'll do this during the break I'll show you the one-to-one that I use with the like a propeller shop I'll be right back battle chapter dollars down 62 as if he's up $1.70 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 keg stats tiger forex report teddy keg stat 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 forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger 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day go to tfnn.com and hit watch tiger tv that's tfnn.com and hit watch tiger tv hi folks the silver sharp below it's making this arch formation it's under the terms of period exponential moving average um high grade copper high grade copper right now oh sharp move down today also making the arch formation in the weekly chart it's been pink for oh just for months and the nine period moving average of the weekly chart this is not such a good sign uh word the ice is actually i showed my subscribers to my opening call i always on a weekend i do about an hour long video going through different um what what's happened in the market what i'm anticipating uh different positions that we have and the wood the ice is global timber and forest gdf it actually held up quite well but it is underneath the nine under the 200 period exponential moving average having made a peak d you remember the chart wave you always say from a buy signal upgrade to a buy mode you should get at least four higher peaks peak a is the first higher peak is peak b by one penny is a peak c another high by one penny off the peak c is made goes to d and that's your objective it can go higher but d is your objective in a buy mode and this has gone to a buy mode in the weekly chart pulls back at peak d under the 200 period moving average weekly chart it's kind of sideways but if you're looking at the daily chart there's a chance that this is a peak right here a peak a there's not a chance it is an a that's a b it just missed this a c there that would have made this a d and he said this is the c and it's turning around so i have to draw in the arch formations to say oh i've got to be careful could get that dreaded h so we are as i say tentative in in my opening call i showed the stocks that we like very much what we're trying to get we didn't start a position today on on one of them which we've had a little bit of success but also a little bit of failure and i'm thinking that this is in the area that should have some good support but even then i i've made the stops pretty tight i'm not messing around cash is king and we'll be very selective in what we want for the long side but i'm starting to look at more and more because i think we're getting closer and closer to some stocks that are i'm just going to do this as an example look bank of america for about seven years or so maybe it's more now every year we've got what bank of america written it up and then as i started to come down i've taken profits and then got out of it completely waited and waited and waited and then got i don't see a safe place to get into bank of america right here and bank of america also has the brokerage division and and that to me is that's going to be important at some some stage maybe not right now but look at this it's arching over in the weekly chart the monthly chart same thing i'm not seeing strength if it comes it's going to be you know how's it going to come i don't know look at the tlt the tlt is taking out that left side low um the first one that was at 91 85 now it's down to 87 in the weekly chart you've made the h pattern failed on the left side this is the third time that we've gone under 91 85 this week let's see what happens if it's three weeks under that that's that's tough i mean that's the on balance of volume says we're getting really close to some kind of a buy signal but i haven't got the trigger yet that'll come from the daily trading chart was kind of positive i looked it over the weekend i said okay that's that's it's kind of a good sign for now but i don't see anything that's giving me the signal that said ho ho now you want to start a position that has the potential to go on for weeks to the upside i don't see that yet i see signs of weakness that are not being negated by strength at all other other than the wash the the waves just keep coming over and over and over the rock and just keep you know washing it over and that's what happened in the monthly chart so i'm very wanting kre well i forgot to update this over the weekend kre and this is a trough f and the could be an alternate count right here f slash could be f slash c in the daily chart uh the weekly chart nine period went negative but the price is holding not too badly so this is the this is a regional s and b regional banking etf not looking good at all but i think it's holding way better than the xlf at this particular point that's interesting let me just show you the weekly chart keep your eye on the middle chart that's the weekly and here is the here is the xlf this is the larger s and b it has the the money center banks etc so this is arching over it hasn't failed yet because closing under the 200-period moving average of 3260 would be a negative right now it's a 3299 a couple of things i want to look at here uh within the context of all the things look this is very important you've got the btc which is the bitcoin futures continuous contract with a big spike up to the up almost six percent 1585 at 28685 over the weekend i looked at this and i thought gee just stuck under this 200-period moving average well this is a potential inverse head and shoulders but that weekly chart says no that 200-period moving average should be resistance at about 28,800 it's a 20685 right now so we'll see how this deals but i said for the first time ever since we were long the the gbtc fund bitcoin fund and had the spectacular gain and that's a couple of years now i i'd just be waiting and waiting and waiting and i think we're getting closer to where something could happen because of politics that might make it easier to at least see something happen in the whole bitcoin area and that would apply also to the mj which is the alternative harvest but from what i can understand the way that many cities have allowed the cannabis and the medical cannabis and what are they called clinics to be so close to one another it's making it very tough for many of them so i don't know that gets resolved so we've got a bunch of things to say we could have really good gains in some areas but the most important area and now i'm going to go to this because it's so important uh just quickly i'll do the tlt one more time the tlt here's the weekly chart i'll expand it look whoa cancel don't want to can i don't want to get rid of that no no no look at these arch formations that keep fading with beautiful proportionality here the the plum line number of bars on the left side to the number of bars on the right before it breaks down look at that same thing here at the october low of 91.85 we took it out in the same time frame look number of bars to that lowercase h that looks like a lowercase m took out the left side low of 91.85 and here we are but the unbalanced volume is saying we're getting close to at least a shorter term some kind of bounce in the yield and the bonds that yields can pull back and let's look at the tnx tnx ah made that peak d what are we always looking for at least a peak d in a buy mode it made that d had a good uh good pullback on friday today it's having a good bounce it looks almost like the dollar doesn't it wow huh um i've got this as a leg f this could be an alternative oh if it's an alternate count we should still be going up to a d going even higher in yields so this makes me there there are too many things that are not quite working out at this particular time for us to say hey we've got this incredible fantastic 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 obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u 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 obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights firsthand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-4767523 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 principal 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 a price looks like it's stuck i like to open out the chart as much as i can i want to see the character what is the character does it go to bd's uh it doesn't fail at a peak d um or does it go on to an e and f or whatever well look at this this is pin pinterest and you see this little rectangle i drew in that those peak d's double top amazing how these double tops work and then it plunged and got gapped down so i'm going to take this and i'm going to extend it to the high that was made yet this peak c and i'm just going to drag it right across this little rectangle and it says well look looky looky it's kind of been in this range the most important range has been between 2640 let's call it uh it's called 26 for now 2640 and maybe 20 29 so three point range basically i mean it's obviously been down to the 20s and it's been up to the 31s but i'm saying the most important things to look at this and if you look at what happened now with the market kind of weak the last few sessions have pushed it above the 200 period moving average that's a good sign so this now i can go to the smaller one to show you something else so this peak d peak a b c d i just notate each higher peak it's as simple as that if you take out the initial starting point it negates everything then you probably got an arch formation that exactly what is what happened here look arch formation right there to that low right there okay now it's trying to form a rally but you see the 200 period moving average the stochastic is at 54 percent that's weak i love 80 percent it's great or higher 9p moving average is running nicely the magnetic did cross positive it's not that strong when it did cross positive the nine is very close to flipping positive so i see some good signs here but the range is really what worries me it's kind of stuck its chapters like their sellers in the 28s and there are buyers in the low 2026 25 area and once it's stuck in that range i i would do this you're now towards the lower part of the range not by much but a little bit i'd call it the low range so because it's held well in this environment uh the person that asked me the question i think is always looking at what can i buy i'm prepared to have stops then but what can i i'm not an interday trader what positions can i get that can hold in this environment or even move higher i think if i if i'm summing it up that's kind of the way that this is the way the question is phrased that's what i'm thinking well if you look at the monthly chart it's just stuck in range it's like hugging the 14 period moving average if you look at the weekly it's got a button a buy signal but it's not really doing very much it's taking way too much time you know my rule of 136 uh one ball rest in a move up or down before making a new high or low it's fabulous three is very good when you get to six you almost have to restart a new buy signal to get that power not that you can't do it but it's a different pattern all together and here we are on the daily one two three four five six sevens the eighth one is still hasn't taken out the high of the 28.31 on the 20th of september if you're looking at the weekly chart it's the same sort of thing just sideways sideways action so i'm going to suggest this why don't you start a very small position it's like a feeler position why because if the market uh by when this by Wednesday or thursday this week if the dow hasn't tried to close over 33 630 that's i'm there's got nothing to do with the dow but i'm using the market trend as as for instance and if the s and p hasn't tried to get to the 43 20 area but instead we're making lower lows and this is still moving higher this is telling you that some people are looking at this as a recipe a recipe for an alternate perspective this is holding doesn't mean to say it's going to break to the upside it was holding very well and then when the market comes back you don't want to see this flop because now money goes into some other area you want to see that move with it so 27 28 small position in your case i'm going to just initially say two point stop is a little but too wide 26 64 is the 200 is the 14 period exponential moving average i'm going to say 26 40 stop right now so it's about a it's you can even have a point stop and just give it a couple of days and all i can say is if 27 42 is the height today if it closes today above 2765 that's a really good size because it says it wants to revisit the 28 that was made about eight eight sessions ago that'll be a good sign if it starts to slide 26 66 is the major major near-term support in the daily chart but i do think the idea of choosing something like this not a bad idea at all all right we did that next is uh apple apple oh no no next was gdx i didn't do the gdx as i did the goal see gdx did this lowercase h that goes to a lowercase m and then takes out the left side low bam just like that gdx is a 26.06 um so i drew this in as just a parallel trend line and that says 24 is a possibility i don't like to go there that's two points lower and i don't have any why and why would i just guess two points low what i am going to say is that the speed and the power of the move down says that unless an unbalanced volume is right at a level that says within a day or two there should be at least a bounce under this oh it's the only indicator i use is oversold overboard is the unbalanced volume the blue line right here stochastics at seven percent that's the exact opposite of the um being positive at 93 percent this is negative at seven percent and it's going to stay negative until it goes over 12 percent meantime back at the ranch um the weight of this let me just choose i'd like to look at asa it's asa asa is a golden precious metals company look at this making lower lows even today it's making a lower low it didn't make the cup formation that i said was really important is making an arch formation so it says that the next level of support is from the week of the 25th of november at 1105 and here it is at 1306 two points down i don't know if it's going to do that i'm just saying i have to start looking at support levels rather than resistance and this to me is kind of a benchmark just for me the way i look at markets and if you look at the slv which is a silver also just plunging down look at this gap down you hardly ever see gaps in a weekly chart what are you doing overseas stocks and basically you can think of this as an overseas that's a huge gap to fill in now and the monthly chart is going to an m this is the ice is silver trust okay amazon no apple was first a question about oh wb w uh walmart wba wall greens i'll look at that in a moment so apple is coming off this 200 period exponential moving average it's a good sign that it's finally showing some support because it did the dreaded age pattern the weekly chart i said i have no choice but to say that apple has gone to a cell mode in the weekly chart one of the few that's actually gone to a one of the big seven that's gone to the cell mode in the weekly chart so this is important because it's part of the doubt part of the s&p part of the qqq part of xlk it's really important so we'll see what happens yet because if apple closes under 165 at any point in the next week that's going to be pretty bad news next question came in for amazon oh no x was wall wall greens wba so new there's a new guy coming in to run it and the question was could it be like cop for g e g e let me show you g is fabulous fabulous move sorry to roll over babe i'll be back in a moment with g and wall and wall greens you might think that if you want to be 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tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv they're in the rectangle again the i one minute e many making lower lows and lower highs and now look at this peak apb peak c and it's just barely a 200 been moving average was barely a move up it's just a fractional new height i i'm a little concerned here because um from the news yesterday you would have expected that if there's some kind of a holding pattern here even if it's for 45 days it would have given the market some kind of a relief balance and you got that intro intro night and then it was all over look at this g e makes a quick gig c d e f when you do that with one bar rest in between when you get to e o f you've got to be careful because there's always a pullback this is way more than a pullback this is a severe pullback but not if you're looking at the weekly chart it's just a slow roll over with you remember i call this the this is like a little worm climbing up the branch of a tree and then all of a sudden it flattens out and then it saws the descent and how much is the descent i wouldn't be surprised if g e had 109.31 of the spectacular move uh test the 102 64 area so um kelp did a fantastic job at g remember this g is at 109 it's really at 10.09 because it had this reverse split wargreen boots alliance ink i it's a little different because it's going to be a lot more work that whole area is just being ready look at cvx cvx is the same thing cvx a little bit better chart actually cvx cv s not a better chart cv s takes a little bit better but not much cv health has a bit and i said maybe a cvx takes over um wargreens but evidently uh there's a different thing going on i'll look at it again i don't think there's any rush i don't think there's any rush to get into anything question came in where do i think gold could go on the day this is this is at a certain point people are going to throw in the towel with with gold pretty disappointing but like it says that 1838 2838 level today must hold otherwise i don't know what happened to the world three times back in the second moment before my day just later and i will see you all don't forget today we've got our new guest a beautiful no come in at two o'clock have a great day i was up the whole day to use that uh thank you for