 Let's get over to I'm am Mr. Basil Chapman as we do each and every Tuesday at 20 past the hour and don't forget folks Basil doesn't outstanding show here every trading day 10 to 11 Eastern Time as a great newsletter the opening call now It's very easy to get the opening call folks come over to our website at TFN You go into newsletters you go on the left hand side. You can see the opening call You can get the opening call for one month for a hundred and forty nine dollars six months for six ninety five, which is the savings of a Hundred ninety nine dollars at twenty two percent in one full year for eleven ninety five Which is the savings of five hundred ninety three dollars or thirty three percent now They all come with a thirty-day money back guarantee folks Basil has a huge amount of archives that are out there Also, when you get the newsletter you're gonna get all the archives You can understand how Basil looks at the market every day and how he uses the tools that are on All of those archives each and every day Basil Chapman. It's a little chilly in Boston right now It's going to be warming up very soon Well, you know, it's funny Caitlyn's down here and she's telling me it's 28. That's just 28 man We're sitting outside having dead, you know lunch at 85 and it It's 37 in Boston. It feels like 28 folks. Okay, so yeah That's because you get used to whatever it is, but this this has been a pretty darn good winter. I must say No, no, I know morning. Yeah global warming says in this particular instance very little snow So yes, so talking about things falling down. We're looking at the down which is okay Hi, no 39,000 889 in this daily chart here. We've pulled back from this So these are the techniques I discussed in my webinar the last webinar I did a week ago Tuesday I discussed the how you use the inside track how this little mini channel right here can become right there Can become a repellent zone when it comes at the bottom. It could be a propellant zone So those are techniques that I talk about and we try to use in the positions that we have now at this particular time The week each art is still very strong. So we've got called long positions, but we have started a game We've got a short-term trading position short in the Dow My anticipation is that there might be a rally, but I think it's gonna create this pattern I call the H but dreaded H pattern where it comes down sharpening that makes a little arch formation and comes back and retest The left side loan takes it out. That's what I'm looking for, but When the nine period moving average, you know, I've spoken to you about this for some time and I did this in the webinar as well I was showing how so this is I'm going to talk about that in a moment. That's Draftings, but right now I'm talking about the Dow So look, this is the daily chart on the left You've got this the chart with this bar chart with the green on the way up and red on the way down The nine period moving averages is like green line the black lines of 14 period moving average This is the on balance volume. So on the right. It's just three three things This is the gray is the actual price is the current price daily chart And then you've got the green the black and you can see that every pullback has still seen the green line hold But I'm I'm thinking that the next pullback if if there is a sharp pullback over the next few days going to say the beginning of April then we will go underneath that green line will go underneath the black line and that will start It'll change to pink and that'll be negative. So I'm anticipating that it hasn't happened yet But there are a couple of things that I've started to take in some profits Just little small bits off long positions for instance We've been long for quite a while because a couple of years actually the DB Agricultural fund and I kept one of the grains were not doing well and I just see no I Don't know why this is going up with the chart looks fantastic And then I realized the other day I had spoken about this on my show But I just didn't put the two things together if you look at CC, which is cocoa. Yeah, right You won't believe this. I mean talking about rocket. This is a monthly chart. Yeah, and from the moment in September of 22 2022 September we are now in March of 2024 and this has been there has not been a peak All the way up That is still a leg a to the upside In the this is cocoa. Yeah, so we've gone for get out there by chocolate folks Yeah, don't go find stores that don't know that cocoa is going at ten thousand bucks a ton You know, it's wild too about that DBA Basel is that that's the largest waiting in that whole DBA, you know It's 12. I didn't realize it's 12.4 percent Correct higher than that is just government bonds. So right and I showed that to subscribers this morning I sent out the the chart of the components and I said I didn't realize that it got and that was really a very big influence now I think that Coco is getting a little toppy here and I'm anticipating There is going to be a pullback and I'm watching it very closely So we took a little bit off our DBA. We've got about 77 percent gain in this since we've had it We took a little bit off, but I'm watching it closely now something I thought I would mention because I talk about the different techniques that I show subscribers to my opening call and we We talked about them I have a video every weekend for about an hour and I discuss these different patterns and the charts and the stocks that we have so we've got Draft kings from about January around about the 37 38 level And it was a pattern when it hit this 45 point. This is the daily chart on the left It hit this pattern. It made a cup formation and then pulled back And I actually forgotten that I typed this in I actually Enlarged this where it says chapwave cup and handle cup and ladle to leg d the difference between a cup and handle For those of you look at classic formations Um The cup and handle makes the cup formation and then it makes a little bit It looks like a teacup and then it has a little bit of a handle and then it breaks to the upside Investors business daddy has a whole thing for decades about how they use it, but you've got to time it perfectly My problem with it is that invariably if you even if you time it correctly It pops over the left side lip and then it comes back into the handle and just stays there So I developed a long time ago when I discovered that if in the chapwave methodology You break out about above the left side lip. That's 45 point 62 in this case that was back in uh in February If you can take that out in leg c It says you should go to at least a d and then you've got to be careful And then you can come back and test the lip that would be 45 62 So we took a little bit off today Very nice gain in this but what's interesting is it's just gone to that leg d And it broke out in the pattern that we were talking about it's in a leg d in the weekly And in both cases the technicals are still very strong And it's in a leg e in the monthly chart the all-time high was 74.38 back in march of 2021 So I I like this very much personally. I'm actually not for sports betting. I just I've now I grew up in the amateur win of the olympic games was amateur So I guess I fight just I'm not used to that but in the meantime back in the Back in the weekly chart you can see that this breakout had I'll I'll open this up and I'll show it In a little bit more detail. Look at this It's really like a bowl formation. You can call it I call it a cup But basically it's a bowl and it broke out And it's walking the nine period moving average You can see from the last time that it crossed in the weekly chart positive was in february the week of the third It was in the 17 area And it's just walked this green line all the way and this is a weekly chart So this is looking very good to me. It should pull back a little bit soon But I I think that we're looking at stocks under the radar that could Go against any major market trend if there is a sudden turn down and folks It's very easy to get battle news that I come over to our website at tfnn Going to newsletters you're going to see the opening call on the right hand side Basil, you have a great one safe one. We look forward to show tomorrow. Thank you very much Tom you too. Stay right there folks come right back