 The following is a presentation of TFNN The Tiger Technician Hour with your host Basil Chapman Call now toll free at 1-877-927-6648 Internationally at 727-445-1044 Now Basil Chapman Hi everyone Basil Chapman here. This is the early edition. This is the Tiger Technicians Hour 8 o 7 in the morning Hope you all well, and this will be recorded and replayed at noon So we're looking at the E-mini just suddenly in the last few minutes There was a sharp drop the Dow futures are down 44 the E-mini as you can see here is down 325 It was up about 3 year earlier. We're looking at the Dow yesterday closing at 27,911 and There's a problem with the chart. I'm going to get out of that again. Let me just double-check. Yes. I think it's go there No cancel go there. Oh This is not good Okay, here we go That bring it over It's having a little problem. I think I've got it. I hope I've got it Meantime back at the ranch. We've got as I say the future suddenly took a bit of a dive I don't know what the news is and if that if there is some economic news Then we'll be really looking at you see this left side chart. This is the closing price yesterday of the Dow There's an arch formation. That's forming. All you need to see is the doubt now 27,911 of the close so that's the price that is at right now the Dow futures I'll show you the second right here. The Dow futures are trading up I'm sorry trading down for a 41 Points and it's the same thing. We've got a lowercase h pattern. There'll be a change if the Dow futures Start to push above. It's a 27,878 in the next two days Made this even go by Monday if Monday the Dow futures up in the 28 200 area that's going to be very good action If there is a pullback and you suddenly looking at the Dow at 27,600 That says there's an arch formation that we're looking at we're becoming a far more potent Vehicle and it says right here. Look, this is the Dow Closing price the weekly chart hasn't gone to a new high of 28,174 So last week made a peak and it'll be a peak That's more consistent with some kind of digestive phase if there is a week closed by tomorrow at four o'clock Friday Look at the S&P and S&P right now. The futures are down about three and a half points, but the the Dow 3154 point S&P 3154 28 was the higher the 27th of November. It's making this arch formation the Magdy's week. The stochastic is okay It's a 78% it's not great But what's really important and I'm gonna go to this now. I've done this so many times over the past few weeks Here's the this is the this is the Dow with the nine period exponential moving average It's flattening out but it's flattening out above the black line the 14 period exponential moving average It needs to cross below it to go pink and go negative. Look at the S&P S&P at this particular point nicely above it started to curve over But as long as that green line is above that is showing internal strength so it's going to take a price of Closing price yesterday of thirty one forty three point six three in the E in the S&P cash Suggest that it really has to go under thirty one eighteen for that green line to start to dip and go below the black line Nine below the 14 period showing some internal strength Let's go to the QQQ the QQQ index 100 same thing hasn't got you the high of above the 27th of November none of them have but Here it is above the nine period moving average the technicals and you show you for a second here go to the technicals in the QQQ There it is there it isn't there it is QQQ there it is and you're looking at a digestive formation started a V-shape failed under the 206.05 high of the 27th and Holding okay now what has been very strong and Much to my chagrin and to taking a loss for subscribers here in the estimators which were short It's screened to upside yesterday. I'm not sure even now the The so that would be if I can just find it Yeah, so earlier on you saw the SMH is a little higher now They pulling back this candle is going to be really important because I It's either a brand new leg a which is very bullish or it's an unusual pattern I'll have to talk about as a recycle and that suggests that if the SMH is do take a tumble of 13648 right now actually 13612 down 36 cents pre-market. They have to go all the way back to where the 127 was the low thing. It was December the third. What a huge move in such a short period of time with two gaps So it's going to be important to me to see whether or not the semis which will be leading the markets up and down for a couple of years now Breaking to a new all-time high. Is they going to be impactful is they going to turn the market? Certainly the cues to the upside. I don't know what is Apple doing right now pre-market pre-market Apple is down 2.84 at 2 6 7.93. I don't know. Maybe there's talk about the tariffs here. I didn't get any anything Oh In the den did that says Apple shares slide off the credit Swiss reports plunge in China iPhone shipments Wow Because that's the only way that Apple is going to be impacted I mean it's been an app not just a stellar performer It has been a major downperforming remember now Apple is not a deep cyclical like the dial industrials used to be Although when you think about it for what Apple does it is really important in the industrial era But it's not an industrial by any means is it's a tech company. Actually, it's a service company right now So that's going to be very important. What's Boeing doing pre-market pre-market Boeing's down too because Lousy yesterday then it came back towards the end of the day Um, and now it's down to a 348 Um, just not a good chart pattern for for uh, and yet with all that terrible news Boeing made an all-time high of 446.01 The low has been the 320 level And then it's rebounded all the way to the 390s and now it's a 350 348 When you think about it Boeing's held very well I'm not sure you can keep doing that because some of the news is going to be really bad when it comes out When the lawsuits etc come out. All right, so back at the ranch. We're looking at the down futures down 46 pre-market This is an early edition show. I won't be able to make the noon show So it'll be recorded now at 814 is down the fuses are down 50 and the s&p's down 3.75 I'll be right back Since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion Well, 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 and calling price turns as well as market trend calls Thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs 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 $79 a month We are so confident that you're going to 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 Everyone basal trapman tiger. This is a tiger to shoot technicians hour and this is a pre-recorded show It's live right now called in at 877-976648 So I had a call just as I was getting off the air yesterday I didn't see it. It was a little late and I'm kind of upset about it because I was going to do it this morning so it could be repeated and Let me see it was from julian. I believe let me see if I can find it right here But I didn't get the right symbol So julian from north carolina xbt. I don't have xbt And they couldn't wait too long. So I I missed him. Let me see xbt. Maybe xbt is is a Nope xbt Now I'm not sure what it is a tbx maybe tbx Well, maybe it was no, I don't know what it was maybe tbt But let's do that right now If it was a tlt I had done it just before when he called maybe that's why he didn't hold on long enough The tlt right now is down 17 cents. This is the iShares 20-year treasury bond fund So at 139.58 It's right here in the middle. It made a peak D. Remember in the chapel we had methodology We're always looking for that fourth highest peak. I don't know if I can quickly show that right now There it is. So let me just quickly show you I had a meetup the other day that I was his guest speaker So maybe there's some people that are looking to see Exactly what the chapel wave is about try to identify the lowest low bar If you do we count each successively higher peak alphabetize them sequentially Peak a is the first one peak b is the second penny higher than b source leg c If it makes a peak it becomes peak c penny above c source leg d goes one penny above that The leg d continues until it makes one penny lower For a peak and that becomes a peak d can go all the way to e f and g But it's a d that other things can happen And that's your objective in the chapel wave in the different time frames And then there's a recycle of the bunch of things, but this is the easy part. I only look for three patterns straight down straight up Arch formation or a cup or you can get a combination where I call it the lowercase h If you take out the left side low that can keep going down and the inverted or reverse y Like an upside down h lowercase h and uh, if you go above it That can keep going on look these look a to b makes it an A reverse y look a reverse y that's all it is So those are it's three three patterns. It's all I'm looking for and alphabet's going to g seven letters So we make that fourth highest peak in the tlt pulls back sharp He's had done that once before remember all the way back. Oh, no, sorry. It went to an f back in 28th of august and 148 90 came down to 140 134 45 Right is all the way to 141 Well, I should have typed that in the right is all the way to 140 177 141 77 on the third put that in Okay one four one point three seven 12 three and then it pulls back So yields have been stuck in a range for for a little while look There's that dreaded h pattern that lowercase h in the weekly chart It took it out decisively, but it has not closed below 136 54 and all this time So it's really gone sideways. You can see that in the t and x dollar t and x dot x That's the tenure yields. It went to a That's not correct a b All right, so it had an abc that had failed that became a c minus and this becomes a new a So what we're really looking at is an unusual chart chart formation What we're looking at in the yield is just look at this weekly chart You're just going sideways between 1.79 where it is now to 1 point Probably 1.92. I think it is let me see 1.1 0.97 And the low at least for now is probably 1.6 1.5 wife 1.55 So it's just stuck in a range not another deal now. Let's look at this because you've got gold Trying to rally here. It is up. It's not trying to actually rally quite nicely. It's up 8 and 1483 The big thing is this What we now see gold start to move and the commodities in general start to move higher And Um, if that's the case This is rectangle formation here Well, it's an arch just turning into rectangle that says if gold starts to trade in a leg d in the daily above 1490 in the continuous contract and trading at 1483.2 right now That's going to be very positive and it says the weekly chart is consolidating But it's having an inside Inside the rectangle rally That silver was acting poorly, but silver might be running today. I haven't checked it yet It's up point 12 not great not a great chart formation at all, but it's acting better The dollar Took a real beating over the last four days going from the 97 80 level to 97 Just over 97 and now it's a 97 16 This is going to be really important because it's a weekly It's a daily peak D's to peak D's since the top of 99.62 It's a peak D and wait a minute. That's incorrect. That was 99. I believe I know 67 67 Right there. It's changed that to a seven And that was in the week of the 4th of october 99.67 and now it's trading at the in the 97 area There's this huge uptrend this up channel with the chapwave inside By zone if it goes underneath that source to trade in the 96 55 area in the next week or so That's going to be very bad action And you've that's a peak D and you've got a peak D from the all from the major high of 103.82 in january of 2017 plunges down to the 88 area It's it rallies then up to a peak D that was confirmed last month this month It's continuing lower and it's sitting on that 14 period moving average and a trend line support So i'm just saying that if the dollar really starts to take a tumble going into the 96 30s Then the next week or two has going to be a signal to say the feds got a new plan plan is to weaken the dollar And to see We can finally get those commodities moving out. Look at this tr cci thompson reuters commodity Index equal weighted commodity index moving up here It's at 409.86 and it needs to go above 409.58 to start a leg c in the daily and the weekly will be a leg c and that monthly will extend leg a That'll be a very good sign a fed once inflation. This is the way they're going to get it I suspect now a couple of things that we also need to look at here and that is crude oil Crude oil is Up 16 cents at 58.92 It's in a range But it's jumped out of the rectangle range and it's up in the the higher level Of the daily but the weekly chart has 60 0.50 as resistance is at 58.92 in the continuous contract and 57 Let's call it 56 80 is going to be The support that we need to see it hold Over the coming going into december the end of december so far crude oil is holding very well A high-grade copper had had a nice move the other day Sort of stalling here, but it's had a spectacular move 2.62 all the way to the high of today 2.79 That's that's a huge move. It's done this before but this is now leg c in the weekly chart That makes it improving and it's really important that you start to see The copper moving higher as an international Economic display, but the weekly chart the monthly charts is hey, we've seen this before nothing much to see here I'll be right back in a few moments. The Dow futures are down 37 s&p futures are down 2 Basil Chapman pre this is the early show. This is 8 27 in the morning. We'll be back in a few minutes Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion Well, 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 and calling price turns as well as market trend calls Thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing 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 $79 a month We are so confident that you're going to 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 I've always just done a Question yeah, that's actually a statement picking the u.s. Dollar is a very dangerous path takes is pull, you know In a sense. I I kind of agree with that um And i'll tell you why I think that the dollar represents economic strength So if you want to use that as some kind of An economic weapon in other words bring the dollar down some multinationals can do better um That's gonna be that's gonna be uh I don't know I I kind of agree with that as a sentiment But I need to see this play out because currencies in the international spectrum Uh This is big stuff I mean the volume that you're looking at when you're talking about currencies It's the same as bonds people don't really most people don't realize they think stock market stock market But the amount of money that flows into bonds. It's just unbelievable the same thing with the currencies So I that's I agree with that sentiment I just need to see how this is going to play out as I say I've seen it for a long time since april of 2018 Subscribers to my opening call newsletter be long taking the dollar back It was at 90.07 and it ran all the way to the 99s For a currency 10 that's that's been especially for the dollar now. It's given back quite a bit of that In the shorter term I just need to watch this closely and as I say we saw i'm trying to hold that call position because I think the dollar Is going to get it becomes stronger again Um, so xbt, I you know, I I don't know how to I can't do anything about this I put in xbt and it says incorrect symbol So I had a call yesterday. I wish Probably isn't listening but just email me at basalchappen at tfnn.com or Just call it if you can call again. I'll be live tomorrow at my usual time at noon But right now I'm doing the early show It's an 832 in the morning the futures took another hit now the s&p's down 62 and the The dow is down 62 the s&p's down four. So we'll see how this plays out Let me just put this back in here. Let me just show you something I think it's going to be very important. Here's the e-mini Going to show this right here because this is december and december wrap up very soon We'll go to march But this is what I showed subscribers So this uses a whole bunch of the techniques of the chapter wave methodology pd very important Yes, you can go higher but d is so many times in the in the How many years 15 years 60 how long have I been here since 2003 15 16 years? um I couldn't even tell you how many times pd has been a major sell-off So this happens to be a g in the daily chart happens be e slash c In the weekly chart. Why is it e slash c because if it continues the d just alphabetically it would be an e But from the low that was made back in june at 270 to 27 77 round number low in the e-mini We've run up to the 31 58 area If it pulls back very deeply I'll have to call this an e but right now I think it's a c think the weekly charts still have a chance to make another a new high before we have a deeper correction But look at this 120 minute chart at 31 51 round number high makes a pd So there's the alternation between cup. Look at this cup and arch It just keeps it as the arch formation Then the cup turns out to be a v shape pattern But it's the same thing you gain from one level 31 51 Down to the low that was made at 3115 was it 3116 point 25 So 3 1 let me put that in 3116 point 25 And then we run up to another pd. But there's a left side right side price time match which takes us to uh about The exact time of within two bars of Six o'clock this morning and what does it do it goes to 315 0 0.75 misses by 25 cents making that left side high And now it's pulling back some so you can see and look at the beautiful patterns I have a chaplain wave inside track repellent. So you see this dashed line here You've got the left side right side price time match not exactly to the Plum line low but to a very important candle And then you come in right here and it's exact and the mac d is way weaker than it was when it was making the highs back at 3151 and sarcastic has turned down sharply under 80 percent now It's a 73 percent. So there are signs here to say that there's some kind of a topping action is unfolding But this is pre-market by an hour's time at 9 35 in the markets already five minutes open Who knows what news could be out there? I'm just saying that the patterns I'm looking at suggests that there is a weakening in the technicals But that nine-period moving out which is just it's it's an unbelievably great Benchmark to be able to use as a tool, but it's not a timing tool It's a confirmation tool and the timing tool I've used many times before if you look at this chart You'll see that I just I'll show it just briefly many of you have seen it dozens of times But I'll just show it here because some always have new people So I put a bad news cloud cover from the high the all-time high that was made at 28174 We were very fortunate. We did short the Dow Two days later right at the opening. I think it was Monday at the open About 70 points 70 75 points of the all-time high and the market plunged down So what happened is we covered took a little bit of a profit because it was a very sharp move up We've reshorted and now we have to see whether this new short is gonna I'm just looking at this. It says maybe you're a little early because we haven't got a breakdown But other times this bad news cloud cover from the high Has gone 14 periods from the last one in September before it broke down the the nine went under the 14 change color to pink It was in uh, that's right there That was in September at 27,003 and 98 and for there We were fortunate getting within seven points of that exact day is high to be able to short Then there was about bad news cloud cover took 13 days before the pink line appeared And here it was back a day before we should have the day before the high of 23rd of april And it took 10 days from that high before you got a breakdown and you can go on so All I'm saying is that This time you don't expect something to work perfectly four times in the stock market a pattern hardly ever repeats It'll learn repeats three times, but to go four times It looked like it was going to be a fantastic call and all of a sudden bounces now That green line's holding there. I've seen this green line hold hold hold price even goes way below But the green line doesn't deny me you may doesn't and then it starts on a new move up So I'm not there's no you cannot take your hands off the wheel to pat yourself in the back in this particular environment. This is You need more evidence and evidence to me actually would only be a close below 27,000 three 25 The low of the third of december that would say to me. Aha Now you're going to get a deeper correction a pretty serious correction In price and we don't know about time time is a completely different Benchmark So all I'm saying is we're watching this closely and especially when you get the smh's Breaking out like that. I just have to I have to confirm that Not all the little ducks so in order And this is one of the most important it looks like it was breaking down right here in the in the uh, Let me show you the smh the semiconductor etf. Look at this Look like it and it did for a date when it went it closed the pink and then it bounced back So If you suddenly see it reversed back again, but I have to see I'll be right back Basil Chapman tiger dishes our Aunt eight thirty eight in the morning be repaid at twelve thirty eight this afternoon If you're in the cd market and looking for a secure investment The tiger first mortgage program may work for you The security for these first mortgages are building lots in the tax opportunity zone in st. 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It is uh 842 in the morning So it'll be 1242 if you listen to the recorded show He has the e-mini 10-minute chart made a peak e Back at about five o'clock this morning Up in the 31 50 area 31 50 point 75 trading right now 31 38 You can see there's that pink line and you have to get a signal other way I got the signal right there mag D turned down stochastic turned down and you got the nine period pulling back underneath the black line the 14 period moving average the black line stays back all the way It's the nine EMA that goes green and then goes pink when it crosses negative And now you've gone underneath the 200 period exponential moving average and it's down four I you know at this time in four hours Is it three hours three hours time? Four hours time in four hours time could be anywhere But I suspect there's going to be some digestive action going on That's the way we're looking at it a couple of things I want to do. I think it was a bitcoin that Junior asked about yesterday gbtc if that's the case we're looking at 8.62. This is the fund. This is the cannabis marijuana fund Cannabis that's mj. So mj is that so I was talking about the other day. This is the Bitcoin gbtc bitcoin fund trading 862 Look at that pink line. It's very strong to the downside. It's going to take a tremendous amount Probably have to take a move into the 9.80 10.20 to get the the Bitcoin price to be above the 14 period moving average and holding there And to get the pink line to even think about crossing positive in the day the weekly looks bad the monthly looks bad But at any point you can get a move up now. Look at the flattening of the mag D You see the histogram the little red lines there those red lines are telling you that there's a little bit of an improvement I don't think it's an improvement enough. I to tell you the truth I I would still be staying away from both the mj, which is the alternate harvest and the cannabis Sector and bitcoin They both have had extraordinary Public sentiment to the bully side at some point. Look at that peak f major top Look at this bitcoin. Let me see if I can get it going all the way back That's 120 minutes. Oh, I meant to move this away Move this away There we go. So here's the monthly. Look at that monthly at 38.71 Uh That that's serious stuff 38.71 it goes down to 3.66 That was back in i think december or january of this this year or december last year And then it rallies up to the 16s and now it's trading at eight I it's a problem and until bitcoin I think it's going to take a while for it to kick kick in So at this particular point i anticipate if any bounce it happens It's gonna still come back trade back into the eights But um, keep an eye on it I just don't think I would be in that and I mentioned mj because it was asked about And I I forgot to talk about it yesterday mj is at 17. This is the alternate harvest cannabis sector etf It ran to 45 point 40 and you remember this is way back Uh Yeah, that was december of 2000 and 18 yes 18 I remember everyone I went to a New York state party and everyone there was talking about it. Uh, it was the same thing, you know, I Had me a little nervous. That's all I said. I didn't say anything else I'm gonna be a little cautious and people said no, we missed out on all the other The fans this one's gonna be an unbelievable and they were buying it at in the 45s 40 45 area And uh, it did pull back a little bit. Um down to the uh 15s I would say, uh cut in two thirds. That's not a great thing. So Am I m i k m i k question the dent? Is that m i k? What is m i k? I know most symbols I've never seen m i k. Oh the michaels companies Um trading at it. What's the question? Uh, I don't know if I'm really counting the stock but oh no, no Uh, good morning. I was watching uh, no, that's not it. I thought I saw a question yet Oh, how did I get there? Oh, uh, but but but I uh, looking at the chart of m i k. I am calling it a Calling it a Cointoss pattern of the animal spurs talking to you on this one basil, you know This kind of pattern is 6.59 m i k is a symbol. Um, the michaels companies. I think they Is michaels companies So they were buildings. I'm not sure. Anyway, it's trading it was back in the 20 uh 26 area 27 area In 2018 and the beginning of yeah 2018 And it really took a dive and went down to the five area and now it's trading at uh 6.59 This is the kind of pattern that says to me first expect a rectangle. So I'll draw it in right here And if the rectangle doesn't take out the left side low in this case, it's the low of 5 96 made on the 5th of december Over a period of six to seven bars. So this is one two three four So you've got today in the next day And it it makes a high in that interim period pulls back and then takes out that high I think you can nibble you could just start a position there Realizing that it's a gamble because it hasn't got any The the the technicals are not there yet So if we can trade even one penny above 707 go to 708 You can start a very small position And you could have a stop at the range It's a bigger stop than I would like say 50 cents and a $7.31 stock at the start of position Yeah, maybe maybe you can do that even even seven Seven cents 70 cents just as you get into the position But then you got to tighten it up And then you want to see it get as quickly as possible to the daily 14 period moving average of 7.31 So I hope that helps you because The H pattern in the weekly chart held it hasn't got even close to the low that was made back in August or 4.96 So the lower 5.96 is good because it hit 11 And it's pulled back. So that's the reason why I'm saying to you look at this rectangle If it pulls back and goes underneath 642 I'm not interested don't even think about it yet. You have to wait for the H pattern to fulfill So let's just do that. So a little bit of a balance. You can start a position Make it initially a little bit more of a stopper 70 cents just for the moment and then immediately tighten it up as it starts to move higher And it's a starter position and let it hold and let it prove itself So if that helps, uh, let's just see what the dollar is right now because it was trying to stabilize 97.14. This is a really big moment for the dollar. Why because of this this trend line here the start of the chapter we buy Zone this is this parallel Up channel tiny little up channel. There's a much bigger one over there, but I'm doing about the silver one It's a technique I developed because if it goes underneath the red the dash pink red dash red line And sauce on a weekly basis actually closes even one week below 90 96 96 60 96 50 closes below that That's going to really impact both the the weekly and the monthly chart I can understand it pulling back and going sideways, but if it just continues this pattern of the dreaded H the lowercase h it makes a lower lows on the on the right side here And the magnies ready weak in the weekly and the stochastic is weak in the in the in the weekly as well The dollar is going to have a problem I will be back in a moment dal futures announced 35 s and p's down 1.75 holding pretty well when you think about it I'll be right back as a chapter tiger. 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It's got uh, wonderful things got tiger tiger dollars Just fabulous deals right through all of all of your people listening And you who have new want to get newsletters or whatever or or any of the webinars, so um, let me just show you something here One of the clues for me that There's some internal strength on a sideways move We have a stock cyber We got into the 104 area at ran to 124 67 and pull back sharply to 115 and now it's trading at 120 down to $95 after having a good candidate serve 121 These sideways, let me just get rid of this. It doesn't look so messy these side So we've taken quite a bit off. We have we have a core position left But this is really important because in the security cyber arc is the name of the company cybr is a symbol This rectangle formation can go My expression always is that a rectangle formation can last a lot longer than your patience So i'm hoping that it would pull back sharply because i'd like to get back put the whole position back on again Because uh, you know you take profits you want to put it back if you like the stock I like the stock was a leader all the way back going into the july high of 148.74 right from the, uh, july of 2017 low in the 40 area. I mean threefold increase is fantastic So, oh one of the threefold there. It's even more so Yeah, so we're looking at The cyber area. I think this is an area that in 2020 is going to become alive again There might many of the stocks have taken a bit of a drubbing over the shorter term So you i'm looking at things for the coming year with the bank of america stock that we started buying in december of last year We're taking profits in that and we have a core position still and we we've traded it. I missed the last buy I really should have added to it back in the 31 area Strading right now 3365 Um, it made a new all-time high of 33 80 just the other day these stocks Um, I think the financials are going to do pretty well as well in uh, 2020 even with some kind of a pullback. So check out the front page of tfn the my my Opening calls and my newsletter and say tune you got Larry Percevento coming up right now programming all day And if you're listening to the show in the broadcast later hit up