 Welcome back folks. I believe we are with Basil Chapman. Basil, can you hear me? I certainly can hear you, Jacob. Sounding very good. Yeah, how are you doing? Was your trip good and all that? It was very good. Thank you. It's always good to be back home and in the office and not having any technical problems. Just having everything run smoothly. I can imagine. That's fun, yeah. Well, awesome. Well, Basil, what are we looking at today? So, I'm going to start off with the dollar just for the moment. I wanted to show you, first of all, for Subscriber, we've been along the dollar actually since 2018 all the way up. And then it came back out, stopped held and we still hold it long. And what I've been looking at is, I'm just going to use this particular chart right here. This shows you, I've got the right one, yes. This shows you the daily chart of the dollar. And when this green line, which is the nine-period exponential moving averages, average crosses over the 14 and goes green, that's very positive. And look, since the moment it turned up, July the 31st of this year, it was in the one-on-ones, it's gone higher. I did this left-side, right-side price time match here and went to that, what I'm really looking at right now, is that even with these dips, that nine-period moving average, this morning early when I was doing my newsletter, there was a little s. And that little s shows like it did right here when it turns pink. When it turns pink, it means the nine-period moving average went under the 14. And yet, as the market started, when green stayed green ever since, and the dollar is at 106.27, up 0.65. So I give a lot of credence to this particular one indicator. I call it the indicator of last resort because it takes its time and when it finally turns, it's usually pretty meaningful if it stays that way for about three or four bars. It doesn't matter what time frame. So in this particular context, I wanted to show you something else. In the weekly charts in DU, in the weekly charts, I'm going to move this over to a weekly chart. There it is, click. The Dow has been, the nine has been pink. And so we went short right here, August the 1st, right at the top of this recent move. And we remained short. We did have a three times short, we actually had a three times long position. We switched it on Friday because it looked like the market was going to make a pattern that I call the dreaded H. I'll show you right here. I go to the Dow chart. This is the daily chart on the left. So it was like that. This is that part where it rolls very sharp into the low to test the left side low, which would be 32,846. So we went short, held the short. And this morning we got out of the short, we took profits before we took completely out. And the reason is there's a chance, especially now that we're looking at GE, these stocks that have been hammered lately, having a very good session. If you're looking at triple M, which is, I mean, three M is just, everything's gone wrong. Having a nice session day up five. Visa, the same thing, just recently had a very sharp pullback. Having a good, these are all earnings reports, even Raytheon, which really, I mean, look at this chart, up in the 109 area goes all the way down to 60 and then had good earnings report today. So the way I was looking at it is that these really strong laggards start to find some kind of support. And we're about to get Google. I have a difficult time calling these by their changed names, Facebook and Alphabet and all that. I like the original names. So, I mean, Google comes out and Google is holding so well. It could have a nice pop. Microsoft is a fantastic company. It just remade itself after 2000, the year 2000 when it was the leader. It became a failure. It just dropped huge. And now look at it. It's up almost near the all-time highs. So we're looking at these. If these results come out, it's going to mean that any selling pressure that we see now is starting to be alleviated by some good earnings. And that, I think, is very important. So just to kind of refresh, I just wanted to show you the charts here. So this pattern I always look at, which is the arch formation you can see in the weekly chart, as I said, the nine cross negative, the nine pre-moving average. I respect that, but we have not yet taken out the left side of 32,0848. We did in the S&P. And it's fascinating each time frame. Look, S&P took out the left side by having a nice balance today. But that weekly also went to the nine period moving average. So I have a trend line here that makes it really important that the 4,200 level holds this week on any bad news. But I'm starting to think that a major part of the selling pressure that I've been looking at for quite some time, using one particular tool, the unbalanced volume, we got that short right there at 35,679 in August the 1st. That was the high of the Dow, most recent high, yearly high that it's made. And we also ensured the estimators two days later. And they've been coming down. And they have also seen the estimators as the Van Eyck semiconductor ETF, the nine period moving averages cross negative. So in sum, what we're looking at is there's been selling pressure. Some of it has been sideways because I always look at the market three ways. It's either sharply down or sharply higher, or it's sideways. So either using time, using price, or using time and price. And some of these charts and some of the indexes have used time and price. But you can see the semiconductor, which I consider to be really important. The semi, the chips are like the oil of the 1900s. We need it in everything. So that's really important. And the other thing is crude oil is pulling back, but we still have uranium stock. And it seems to me if energy rotates, we have a stock called uranium. There it is. UEC is the symbol. Uranium energy, we have it in $3.60 area. It made a new recovery high today of 583. And it's just saying this whole rotation through the different sectors and different stocks. So in this particular instance, it might be that uranium is, if oil does pull back a bit, then one of the alternative energy sources, uranium at this point is acting quite well. So I'm looking at the market saying these are the conditions we have. The Dow needs to clear to be able to change direction. It really needs to get to the 34,100, just 1,000 points from here. But in the meantime, it could quite easily bounce to the 33,000, 33,000, I'd say 400 level. And then we'll see, because this pattern very often, if it holds the left side low, then becomes an h, lowercase h that goes to a lowercase m pattern. So, and even we can see in gold, because the gold chart is holding very well, but after a spectacular run to the upside, this week is going to be very important to see, is this kind of a one-off? And then because the Middle East sort of maybe calms down just a little bit, maybe gold, which is the currency of fear, starts to pull back a little bit. I'm watching this very closely because there's a relationship to Middle East gold and fear. So at this particular point, the gold is holding pretty well and watching it very closely. Yeah, I think we'll all be watching gold very closely as well. And Basil, again, I love looking at the semiconductors as a barometer for everything else running. I think that's super insightful and I've been thinking about that just by myself anyway. So thanks for turning us all into that. And guys, you can go to TFNN.com. You can subscribe to Basil's newsletter, the opening call. It's great, Basil. Thank you so much for joining us. We'll see you next week. Thank you very much. Take care, Basil.