 The following is a presentation of TFNN, The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hey, October the 11th. We're looking at the Dow up 97 to 30,836. It might be wrong. I had a chapter where I had a very low trend reading yesterday and usually the very next session. It usually happens early in the morning, regardless how high the futures are, that you get a slight negative. It doesn't tell you how far, but it goes negative, which is always a big surprise to those thinking that market can keep going higher. And then it starts a rally. But this time we had a bit of a pullback, but not much. But this 200-period exponential moving average right against the orange line in the daily chart says that it's pumping into some resistance. What I did draw is, I'll do this now. I said that there was this match, this exact price-time match from the 25th of May to the 1st of August to the low of October the 6th, regardless of whether it tested that low or not. That was the price-time match. It didn't get there in price. It got there in time. And together with other aspects, one of them being on balance volume and other being the inverted when you look at the DOG, which we are still short from August the 1st, this is just a trading position we've got right now because I have a feeling that this arch formation that I drew in is already going to be the test. Now the arch is up here, but that's just to show you the pattern. It doesn't say you have to hit 34,300 or something like that. It just says this is the arch formation at any point you could stall. I don't think we've made the low for this big move that I'm expecting at some point. It's a move, not the move. And so that's the way we treated it. We've taken a little bit of real nice short-term gains, but we're keeping this position here, a core position of the trading position as we've kept the core position for the short. So it sounds funny, but that's the way I do it. We've got our long stall from March 2020. That was at about 200, I think it was in the Dow diamonds, which is now at 300 and what, 330 something. We've still got the October of last year diamond core position. So these are positions we hold as core positions and then we trade around. All right, enough said of that. Let's go to the S&P. The S&P has something a little different. It went to the 200-period moving average and over the past, well, from late September to early October, it's 1, 2, 3, 4, 5, 6, 7, 8, 9 times. It tested the 200-period exponential moving average, either a supportive resistance and now it's powerfully moved away. It's bumping into this dashed line. This is the 50-period exponential moving average and so far, this is just a very minor little bit of pullback and it will become a peak A if today the S&P doesn't go above 43, 85. Now, I'm not expecting that there's going to be a full peak A and then a peak B and a peak D, ABCD on the upside, each successively high peak is alphabetized. I also haven't got a buy signal yet because the stochastic is only at 52 percent, the MagD is good, the 9-period moving average has not yet crossed positive. So this is a work in progress. Do see more upside, but I think it's going to start to get much, much choppier. So QQQ is a nice clue because this embraces a number of different areas. Look, you've got Microsoft in the down. You've got Microsoft in the QQQ, you've got Microsoft in the S&P and so on. So within that context, where's my... Yes, you've got Apple in the down. You've got Apple in the S&P, you've got Apple in the QQQ, but you've got the XLK, which is the S&P financial tech sector. This is also in a leg B, I think just about by fraction. Let me just see if it did it or didn't. Yesterday's high was 170.71 and so far today's high is 170.74. So that's gone to an extension of leg B. You cannot make a peak B until there's a lower high. That might be tomorrow or the next day. But here's, look at this. The 9-period moving average in the XLK is still positive. You see the green line right there and you see we did the one-to-one perfectly to the downside based on the traveling falling ax formation. A couple of things going on here. That is holding well. If you look at the S&Hs, they have not crossed negative in the weekly 9-14 and has held the Chapman wave inside track repellent zone. But it looks like it's embracing the top line, that green line. If it breaks above it, wow, it's used that as a propellant and not a repellent. So this is a really important phase. Why? Because the S&Hs always need us up and need us down. We're still short from right there, all-time high was 161.17 on the 31st of July. We're still short from the 159 area. We did use the SOXS three times short to get really nice gains. Now we're out of that for a while, but I haven't yet decided whether I want to get out of that core position from the short side, not yet. Okay, so with that said, I want to mention that the QQQ embraces the XLK, the S&Hs, hack, there are enough stocks in hack that are there. Look at this hack is making a new recovery high. Beautiful move to the upside. This is the prime cybersecurity ETF. I keep talking about it. We didn't miss getting in. I wanted to get in and it was holding that level right there. On Friday, when I said, let's buy the TQQQ, which is the three times long as a trading position, the QQ, I said, because we've missed the breakout on this falling X formation in the hack, and QQQ has them all. So let's just do that. It'll just make it a little bit easier. But as I say, regardless of what's happened right here, we've got in the monthly charge, 67 was the high, goes down to about 40 back in the end of 2022. And now it's having a really good retracement, but it's only a retracement so far. The daily and the weekly look fabulous. Here's the falling X breakout to the upside. There's this cut formation. So all I can say is finally hack, and it must be this environment that we're in, is really working very, very nicely. And that's because there are stocks like CrowdStrike, look at that, breaking out not to a new high, but a new recovery high. They broke that resistance level in the weekly. You've got PANW, Palo Alto Networks, and an all-time high, as we speak this very second at 261.78. So, okay. So that said, this is a very, very mixed market. You've got the, I need to continue here. So let me show you something very interesting. The gold is up eight. So under the conditions that we're looking at in the Middle East, you would have, I'm not you, but I, going down to the 1820s in gold, I would have said, wow, 70, 80 point gain in over a couple of days. That's what you kind of expect. Well, there is a pretty decent gain in gold. Look at this. It goes from a low in the continuous contract of 1823.5. I don't know if you'd like to type the numbers here, because it's a continuous contract. So it gets changed. The numbers get changed all the time. Not the pattern or anything else. This is a single-leg ache to the upside with a huge gap. I'm not sure that gap's going to be forwarded very soon. I think all the GDF, this time I have to say, this is a pretty decent rally. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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. 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First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors $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. VFC is up 23 cents. Do you see this nine-period moving average? How it's been a resistance level since it made that peak F-top back in August at about 21? I don't even know what it's called. It's called VF Corporation. VFC is the symbol. Yeah, this is a nice start. The MACD is a lot of work to do. Stochastic is flat at 22%. On balance one didn't have a little pop. I would just say that this is a difficult one. If there is a story attached to it, that's good. It needs a story, a backdrop, that is, and it needs to close above 1667, the 14-period moving average. To get the pink crossing the black, the nine crossing the 14, it's going to take a move into the 1730s or something like that. So this is a work in progress. I keep an eye on it. I don't see anything right now. And yes, that ASPN has been spectacular ASPN. I discussed it the other day. It's been aerogels, Inc. does everything that you think would be the sexy phase right now. Laser sensors, thermal insulation, waste management for molten metals, optics and light guides, electronic development, and capacitors, imaging, oh man, pesticides, catalysts, and cosmic dust collection. What I can say is it's got all the stuff you'd be looking for in a market like this and it's running very nicely. The resistance at 8.88, the 200-period exponential moving average. It didn't get there before, but if it gets even just today's high is 8.80, another two pennies, and then it becomes a magnet. It'll just grab the price and then it'll stick there for a little while. So you see this pattern in the weekly chart. You see the way that it's basically an arch formation that becomes a cup formation. I can take this away just for now. This right side, the quarrel, that's the quarter of the arch formation. That's the semicircle. This is the quarter of a semicircle because the upside momentum is very strong. But you see this chart? Have a look at this chart right here. This is this pattern where you've got the rectangle formation and it keeps bumping, bumping, bumping into the resistance. It did not, as of now, push over and then has to close above 8.08. What am I talking about? UNG question came in, had one of our Tigers did a beautiful job, traded UNG, got out just I think either at D or on the leg D on the way up, made a peak D with this move down today. But we've got to wait for the end of the day because 769 is the high so far today in the United States National Gas Fund and 794 was the high yesterday. A penny above 794 starts an extension of leg D, one penny below and you call it a peak D. So I'd say how over the next week or so the UNG can trade and then place a close over this high. It just has to do it once and that starts leg C. But to be really positive over the next two out of three weeks I said I could even go two out of four weeks. I want to see at least two closes nicely above the high that we're looking at of 8.08. I believe it is 8.08 made on the week of the 11th of August. So far this is really good action, peak D pullback. I thought I drew this maybe I'll have to draw it again. So what I normally would do is I'd go from this side, I'd find the plumb line and if it's a low that's great. In this case I'm a little late to look at it so I have to move it over. So I'm going to move it over to here in this this candle right here. So I'm going to move it there and then I'm going to click to say extend that make it green because that's the here and see if you've got a chaplain wave inside using the formula of your technique. Can you get a chaplain wave inside wedge target repellent line? Well let's go to this low right here go all the way up. Yes it hit it exactly and it's pulling back from that level make that a green dash on the way up. Yeah so the question is where would I re-enter? So where would you re-enter? Because it's a work in progress I haven't got a buy signal at all in the weekly even though it's been since the April low of 5.87 and was making slightly higher lows before that so I can go back all the way for the rectangle. I should go to this high right here there. So it says you're still in the rectangle and a rectangle formation can last a lot longer than your patience so let's just watch this closely because I think that gas natural gas is forming a base now there's a rule of thumb. I used to do this and then I remember what's the name your minor shared this expression say it said the longer the base the higher the race the longer the base the higher the space something like that. So look at this we've got this rectangle formation and if it starts to move I will try to call trade station one of these days I just didn't bother to go because I have to go through engineers and all that stuff I probably could post something I just never post so I think once back in 2020 2002 or something I posted something but basically I'd like to go click right there and have that the fulcrum and then swing it up and that takes you to 20. Well I'd love to do that because every once in a while you really do get I remember gold the XAU back in 2000 I think it was 2000 was at 45 and I got this fabulous buy signal it was at 45 and that was because it had this huge bowl formation this was this is flat but that was a really multi multi-year flat bowl formation like like a dish and took a long time to break and when it broke out wow gold had this spectacular move so I don't know about natural gas other than to say on the chart the monthly chart is just horrible the weekly chart is static the daily chart looks great and but where would I get in so I'm going to suggest because you've already had profits now you're in a completely different position S&P so I'm going to say why don't we do this if it suddenly bounces tomorrow you've lost a very nice opportunity right here at 758 but 758 from the high of yesterday which was 794 did I say yes 794 so that's not very much that's about what 12 six five six percent I would prefer if I pull back just a little more scare everyone who just got in and go into this candle here so this is the way I would do it I would nibble right here at 758 now this is because you've got profits and because there's a chance over a period of three weeks that we could be seeing 965 you could even see ten dollars on natural gas I'd say over a period of six weeks four to six weeks this is a different thing altogether I'm going to say at 757 just kind of put your foot in the door just like a little nibble and then let's watch it in tomorrow we'll look at it and see that 93 moving out of 742 if it hasn't hit 742 by tomorrow if it doesn't do that by Friday I wouldn't be surprised if it was coming Monday it's back with 780 or higher so just a nibble starts to put your foot in the door 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 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guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv hi folks so um just i had a question about an act anet arista networks trading down eight at 186 so this is what i love to do when i've gone so the question is got it down great today looking for a good place to add you see there's a big difference if you're in anything from lower down and then it has this digestive phase that's the reason why i spend so much time and subscribers no i try to get the outside of the of whatever we're looking at i try to get the exact low people always say oh you can never get the low you can never we try to get the middle yeah i love getting the middle if you can get the middle but i try really hard to get the exact turnaround because it gives you this cushion so now if you've got this you see the inside track trap wave inside track repellent zone in the week it went to a peak e it's kind of struggling has taken a quite a bit of time taking one two three four five six weeks and it didn't quite get there the high was just under 200 yesterday and yeah we are with an uh an all-time high i believe it's an all-time high of 198.70 the week of the first of september and yesterday's high was 198.46 24 cents i think something like that below but look at the daily chart it says you've made your cup formation this is what we call the drop bucket pattern where you test the left side high it's like a backhoe you know the backhoe has this big bucket and it lifts up the gravel or anything and then it hits this level and it opens the bucket and rips the price falls down that's exactly what we're looking at but yeah wait the mag is good but nothing nearly as good as it was back at those two doji candle highs all-time highs back at the 198 level of beginning of september the stochastic was up in the almost 90 90 percent area on balance volume was fabulous and then i pull back well the stochastic now is flat at 86 holding quite nicely the on balance volume is slightly lower both of them are lower than they were back at that high of september the first mag needs way lower but then i've been moving average is still very good so let me suggest that if the general market and the downward down to the plus 20s after being up 100 and something now it's up 78 so the bind just keeps coming in keeps coming in there's a b is not quite as strong as up four so let's just say that if you want to add to a position the right side of this is saying to me look he has the weekly chart the stochastic's only at 74 percent not 80 or higher on balance volume is good mag d is just about across negative i got two and a half days to go and the 90s way over the 14 so it says we're in a digester phase we've had a retest with it's amazing how many charts go to almost the exact penny sometimes after months or years or even in this case days and then it turns down but that doesn't mean to say because the right side is not as strong as the left side that oh now it's going to go all the way down to full the gap in the under 170 or to the 161 200 period exponential moving average what it does say is be careful you've made a cup formation now you're probably forming some kind of an arch formation and i would just say to you i don't i would not be in a rush to add that even though the x xlk i don't know if this is in the xlk arresting networks is acting very well i would just hold off let's see if a hundred and say if there's a follow through down day and it gets to 183 i'd say to you start a split position of whatever you were going to put to work right in this phase to add to your your because as a long-term chart this is fabulous action look at this monthly chart that is just a work of beauty has a big consolidation that breaks out and then it has one more rest from c to d that's one month two bars from d to e and then starts leg e and this is leg e all the way through to the end of this month it is no new high above that high that was made in the first of september so don't rush but i would say you could start a split position by adding part if it was done by i i would say in the one 82 area it's at 187 if you can get it but if it does go to 182 pre-prepared that there's the lows in the 178 is a 177 177 area that's going to have to hold and i think in this environment it could hold so don't do anything just yet wait next question came in and i heard a little ping from my engineer so let me just go right here and say we've got mike and oman beach mike and oman beach how are you good morning basil uh basil i've got a question uh regarding the s and p futures uh forward slash e s z two three s okay and my question to you is if if we were gonna make a lower low in these markets what area of resistance do you think we could expect a good turnaround i i use an a moving average that i learned from another technician and it's the 34 e m a and yesterday and today it came up to that and and uh it acted as resistance um so do you feel we are at a good resistance area now or do you think we could go a little bit higher maybe the you know like the 50 e m a yeah so the 50 e m a is trading right now at um 44 33 i don't know is that what you get uh well on my futures i i'm sorry i don't have the 50 e m a i'm sorry oh okay all right so um this is what i'd be looking at let me just extend this okay so i've done this now i've extended the channel inside track repellent zone based on that falling axe technology technology analysis that i always do and it says that the whole area of the 44 50s to 44 60s is going to be strong resistance if two things happen number one is the pullback that we're going to get between today this afternoon i i just i'm could be totally wrong but i do think we're getting some kind of a peak a in the e many i've got the continuous contract but it's got exactly the same price i have that because i can go all the way back in the monthly charts i can't get that with the futures the semaphutures so i'm using the continuous contract so we're on the same page it doesn't matter if you look at the weekly chart the weekly chart went s meaning nine period moving average went under the 14 period moving average to get it to turn positive again you'd have to probably get to the 44 the 44 40s so as it stands right now the the weekly chart is still in a cell mode i haven't even got to sell a buy signal to change that the daily chart is still in a cell mode i haven't even got to sell a buy signal because stochastic is only at 51 on balance realms rounding but it's not great the magnate is good and the nine period moving average is a long way to go before the pink turn positive and then both of them will cross over the 200 period moving average which says 43 62 support so i call this a work in progress it just if you don't mind i'll just give you a kind of an overall thing which i'll cover exactly what you're talking about i'm suspecting that the last big move up was to a peak b and that was that started the move for the what i call the falling axe formation downtrend line what do we have time yes we do have time and that was on the 1st of september and that was at 45 97 and that went to a peak b if i do the same kind of measurement it says you could get to the 40 44 50s hey you want to hold on just a moment and i'll finish it up and you get back first we'll be back with mike it does up 60 sbs only up three and a half we'll be right back the 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 xAU 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 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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 dot 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 eight six six four seven six seven five two three 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 hb and the tan just pointed out to me that aspn just hit exactly the 200 period exponential moving average back when it came up to above it isn't that amazing i i guess a lot of people listen to tfnn because that was a very quick move now this is what i would say i was going to think that i do this on on monday but i'm going to go right back to mike mike the s and p as i see it at this particular point this move away from the 200 period moving average is really important and the higher we go away from it the less important it becomes but if at any point over the next week and i'm going to give it a whole week if over the next week there is a pullback to the 43 20 4300 level in this peak a or maybe even a b but just a fractional higher higher to make that leg b maybe tomorrow um then i'm going to be saying to you this is the evidence of that power of the nine period moving average going negative in the weekly chart so i have tremendous respect i call it the uh the technical tool of last resort at least as far as i'm concerned of course the others but this is kind of the one that always impresses me as saying you were right or you were wrong i'm confirming whatever you were thinking so that to me is very important it says that at this particular point this is more like an over a very oversold balance for it to turn into something else i would have to see maybe by the end of the day instead of pulling back a little bit more in the dow you actually see the dow going up to about the 33 900 level and there's some p today's high is 43 77 it actually goes to 43 85 and then i'm going to say to you wow that is sustained buying every time there's a bit of a pullback buyers come in and that should last a little longer but i'm looking at this as a kind of a balance that could last into next week i'm not sure if it lasts the whole of october but it could go into next week and the power of each six each sector move is going to be very important i earlier spoke on if you heard it about the rotation even the xlk or the s and p or the qqqs how the so many stocks are overlapping and it's kind of helping to move higher so when you're looking at it in this perspective right now um if the nine-speed moving average doesn't just cross positive but it expands that means the aperture the distance between then it'll become a green moving average over the black one that's going to give me a sense of how it feels like the s and p has this gap on the left side with about a 4400 resistance how it takes it out and you've got that very ugly candle how it handles things like that it's going to be so important that the move down back on the 20th of of september from the high of 44 61 to a low of uh 44 01 i mean that and then gaps down the next day if we start to pull that in it means that's now history there's a whole bunch of new buyers coming in we haven't got to that point so to answer your question i think we're getting closer to a test of what could be resistance and that'll be probably from my eyes is 43 85 to 43 90s that area how it takes it out if it does that's number one and number two is how the 43 21 area and then i'm going to go a little over 43 18 support holes if there is a pull back over the next week or so i don't know if that helps you but that's the way i'm looking at it yeah that's great basal you gave me resistance and support levels to watch so that's great help good okay mike let's be in touch again and see what happens in a couple of days or week thank you for calling thank you very much for calling so folks this is really important um you see the the vacillation in the market how on the way up and i must say i had a couple of very very tight stops really when i say tight stops i'm talking about less than a point because if i get it right i get it right and each one of those moves from about you're right here just i got him right but i got out a little quickly and i moved down but it was a tight stop and then over here i got in just shorting shorting and just like i'm talking about you know not even a half a point but i missed this one and i was absolutely adamant and the reason why i missed this one is because i already tried two three times and i thought you know what it's still green the nine period moving averages green yes the mac d's this is the one-minute chart yes the mac d is deflecting lower it hadn't actually turned yet but right there it was deflecting lower the on balance volume had given some kind of a sell signal right there yet it went a fractional higher and then i missed this one i always chuckle because i mean you you're not the market you're just trying your very best to do an analysis of the market using techniques possible and then it would happen from that level where i didn't shorten 40 405 it went all the way down to this one two three four five time hit bottom at 40 right there 40 um 43 92 and i'm on the show so i really didn't want i didn't want to do anything couldn't get to the 200 p moving average and now that the s and p is negative and i had this alternate count g right here in the one-minute chart and look at this you're going to laugh when you see it look here's the five-minute chart with a g-stash c also an alternate count and yet once it turned pink stayed pink and now we are down and is the dowel the down still up 37 i've got i the technique that i use is chaff and weave trim gauge i just showed you right here for um let me just give it to you right here i've axed out i've axed out those days where it failed um but look this is when the the trim gauge is high within the next day or two there should be a sharp move up in the s and p even if the market is down be prepared that you're going to have a sharp move up that could surprise you with the speed of the power and then it'll fail and on the way down those very rare occasions that there's a very low reading of richard arms he calls it the arms index i call it the trim gauge because it's based on the short term trading index trim when it's low invariably the very next morning sometimes is before the open even if the future is down futures up sharply it goes negative sometimes you have to wait for a little while and i've even seen where the futures were up 200 points before the market opened then in the market was up 350 points in real life and it and it went to just a plus 20 and then it closed it and then it had a little bit of a balance it didn't actually go negative i have to call that a miss so let's get back to what we're looking at you because i now got questions about the stock i want to look at some of the gold stocks um so the question came in let me just see here yes i will look uh nibble at meta i'll i'll do that right now mata so meta is um meta platforms i don't know if i ever say that meta platforms uh i mean facebook is what it was facebook to me is what it is still is this is a very nice move up over the previous higher in august it's trading at 326 64 up 4.80 this is the magnificent seven look at that monthly chart and that's why i'm saying there is still room to the upside the reason why we went long is because it matters actually very when would you nibble you know what i'm going to suggest um because you're looking along the term and i'm suspecting that google is going to 384 was the i'll do this when we get back kind of the russian google at 326 the all-time i was 384 go back hours up 51 recipes up you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the 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analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigeresses as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv i have a chance because there were other things going on during the break that i had to get to um i like this action in meta and i think it's the same with google um i was asked about that other than i said yeah it's acting extremely well so both of these are very good i'm going to say start a split position grab some right now as you add on in meta and if we can pull back um well we'll talk about that tomorrow but if we can pull back towards the 320 level or 318 that's where you would add another little bit but i like it very much i like the fact that it's trying to it's trying to be independent of all the thinking that's going on the market or whatever it's just been moving up for consistently since september even when the market was pulling back i like that independence so that's that next thing is i just want to say for the gdx um the gdx trading at 28.12 you know it was at 25 so the this three point move to the upside that's a 11 12 percent that's a very nice gain so if you look at some of the individual stocks i i just go to asa which was acting very poorly the other day and even now it's not acting too great if i go to pneumon mining it was acting much better so be very selective but if you look at the weekly charts a monthly wow they have a long way to go so i would say start positions in the gold stocks and you know something like you know tom has is fantastic a newsletter with the gold so just get really good opinion about it but i will also say i wouldn't get too carried away just yet because you know that dollar i know people keep talking about the dollar the dollar is down but it's taken one two three four five six sessions just to go underneath this up channel support line sometimes you get a balance that goes back into the channel for a little bit to make that dreaded h baton and that's where the real test for gold comes in if the dollar read is a little bit does gold pull back sharpie or do these stocks really hold well that's going to be the clue all right with that said have a great rest of the day um and i don't think i can do uh um now you show because i have to go for an eye check