 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 This is the Tiger Technicians Hour with dollars down 15 at 32,417 in this opening solar for the week of the 10th of April a Monday and we're looking at the S&P coming back a little bit from the low of the day S&P at this particular point is now down 27 and 4,077 the low earlier on whoops I got this out the way there no don't have it oh there it is the low was 4,072.55 my thinking was that there was a chance just a chance that we could see a one a two-click session today if the early sell-off start to hold and after 1020 to 1035 today this morning Eastern time the the Dow was at least showing some positive signs maybe going plus 20 and the S&P and Q's would follow we'll see the day is young but it would be that way for this part of the day the whole thing comes between 130 and 2 o'clock the Dow has to be more than 80 points 60 to 80 points higher holding very well and dragging the others up and then you can have a nice closer what am I expecting I'm expecting that in the chapter a methodology let me just do this for some of you and you to my work since we're always getting new people here tier for them listening yeah we go so I'm always looking at find the lowest low count each success of the higher peak and really count them alphabetically why am I not getting all that's because that's in the way there it is okay there we go so identify the lowest low we always try to do that and chapter a methodology and for subscribers that's why we've been along the Dow this since October we've added to it periodically then almost every day we've been buying the UDOW three times long sometimes some part of it we've kept other times just getting trades and we take money off and then we put it back on again the next day that's where we are upset I didn't mean to do that that was the wrong one this is the one I wanted to show that was my newsletter for Monday so let's just do this right here there so identify the lowest low count each success of the higher peak alphabetize them sequentially uppercase of the way up lower case of the way down so it could be the first peak is peak a1 penny above that so it's a leg a until it makes a peak and then one penny above starts leg B until it makes a peak it's a floating letter peak B until it goes one penny above goes to C one penny pulls back one penny above peak C starts leg D and D pulls back when you get to D other things can happen you use other trap wave methodology or you just merely keep counting the success of the peak D E F G but if you do make a leg E within three bars of D you can have an alternate count which says you could even get a brand new by mode going to another four higher peaks it's a terrific technique I discovered decades ago yeah we are we're at peak D in the in the SMP but not the Dow the Dow went to peak C at 30 the Dow went to a peak C I'm going to find a peak C I D U and it sounds so complicated it's the easiest thing if you can count the alphabet you can do the trap wave peak C you're waiting for D because in a by mode there's almost always a leg D and then other things can happen yes you can go to E you can see that look at this I show this to subscribe some open and call every weekend as long as I'm in town or that was now set it up I'll practice this week to see if I can do it but if I'm out of town I can still do I can be anywhere in the world hopefully I can do it because I've now put in another another machine I just have to work out because I'll have all my tools on my desktop computer the one you're looking at right now and I go to it through my PC I've done this one for 20 something years I've used my PC around the world just as fun that you can get it as long as my computer my desktop is is running and we've had some problems lately between the utility company and trade station which sells this to me I don't know if I'm going away for a period of time which I am in May for a little bit I I'm hoping everything works just fine so yeah we are at peak C I like my rule of thumb is one three six making the next highest high a one bar later or the lowest low one while later is really good it means you've got the trend in place three bars fine but when it gets to six bars you have to almost restart the buy mode or the buy signal so in this particular case this is the third day third session consecutive session that we just trading in this little narrow range we can have one quick pop to thirty three thousand six thirty four point point seventy three and we start leg D one penny but you can also make a peak C1 C2 that's I'm not ignoring that I just see enough strength here in the in the technicals on the daily Dow the S&P look at this the daily Dow the price is way above the nine-period reading average in the daily chart there's a daily on the left weekly in the in the middle and on the right is the monthly and even here look at the monthly really using the weekly chap we've inside track repellent zone if we can just push into the 34,000 C20s that breaks the weekly and the monthly resistance level wouldn't that be something especially in this negative frame and I have to thank one of our astute Chapman waivers being with me for great student for a long time pointing out that I missed in my weekly chart I put in a peak D but actually it was only a peak C in the futures the E-mini yes it is a peak D that was made back in February there we go February the week of the third but not in the cash and the cash is really what I use that's your benchmark so that says to get the cash weekly into leg D it needs to go 4,195.44 was the high on the week of the third of Feb and used to go to 4,195.45 one penny you start your leg D and then we'll measure we'll do the vertical measure we've already set it in place on the left side what happens on the right place on the right side is the mag D strong it's a stochastic which is much weaker than it was back in that February high is a failure what is it doing basically all right so there we are listen to the QQQ also look at the technicals of the dating we're struggling to do the one-to-one Chapman wave parallel extension that means the number of bars or the angle of ascent in this case ascent is equal and it's done that but it's still just a little bit below it was perfect because it broke out of the low that I use there for the one-to-one it's gone higher but that means if it goes high you can add the next level of support and I use it just right there on the low that was made there so that says if everything works out you should try to get to 41 48 this week this week time is of the essence QQQ here we go I'll do this quickly because a lot of questions came in QQQ trading down almost four at 31 314 20s sitting on the 14 period moving average it needs by Wednesday I'm going to give it another extra day and a half by Wednesday to be trading the 316.78 or higher level and next thing struggling it's doing nicely today but it's really struggling it's up a dollar 25 or 175 I just want to quickly do gold our gold is down 22 I think gold is taking a breather here silver is also down a little bit down 16 cents holding much better it's actually gone to a leg F but talk about that because it's not something to dismiss the little divergence like that thousand up eight as we down 23 we'll be right back 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 are you looking for a way to consistently add winning trades your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take 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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 toll free at 1-877-927-6648 internationally at 727-873-7618 hi so someone asked about the left side rise at price time match that I had drawn before the show which said that there should be a retest of the high that was made in the E-mini at 9 12 this morning at 4109.56 and we got there that should have been a little bit longer so we got there I did the generate inside wedge target resistance line and that broke above it so we hit the 41 11 round number high three three minutes ago now it's pulling back a bit but most importantly you see this leg a in the 10 minute chart see the way the MACD just stole the price sold exactly as it got to the 14 period expansion moving average and it's sold at the MACD just about to cross positive look is at point 13 minus 13 in the histogram but you've got a beautiful w formation in the on balance volume at this moment it looks like it's struggling a little bit but it is it's a nice w and you've got the stochastic finally in the 20 percent area 27 percent so this is going to be very important there are a lot of cross currents and my my thinking here is that if any point during it's now 10 there's a 10-25 period and the Dow did go positive now it's down 10 this is going to be a very important session in the sense that we've already got uh i have to go back now i have to say that we've already got in the here we go in the s and p remember the target is always get to a d in a bicycle to buy mode well we've got to that peak d but it's holding really well although it's the third session since the high it really is holding well it's holding above the nine period moving average not even the 14 at 4080 that's that's where it is right now and in the 4078 i think or 79 is that nine period moving average and the qqq went to a leg d they made a peak d third session of digesting the gain but the tactical sofa and i keep having to say so far because we don't know you can only say at this particular point this is exactly what's going on uh so so far that's good so i'm watching this closely and then the question came in what about the vix index well every day for for the last week or two we we've had a quick look at the vix to say well what's happening here it's at the lower end of the range under 20 it's at 19.61 again today it is up 121 when it's up $1.21 and it's always a reluctant to rally that's saying that yeah some people are getting a little itchy and they should start to put in some kind of uh insurance you can call it always a trend or whatever it is it's it's saying that there is some buying but that's a little unusual to have it up at $1.23 when the Dow is now just down 30 it was up a moment ago but it's still in a decent range and the S&P is only down 25 so that that takes me to the next point and the point is where would i see the vix index and i don't think the vix i've spoken about this for a while i don't have any i wish like Dave White he had run all the numbers and you had the scientific i don't have that scientific background here but i have my mind which is having followed all this for so long my memory bank has all these little details stored away that's why when someone says to me what's the support and i say 23.73 they say how did you get it that i have no idea because i do the analysis in my head quickly based on what i'm looking at very often i'll then go back and check it and it's really close within pennies of what it really is it's just when you do something over and over again you get the measurement gets a little easier but in this particular instance i'm going to make it really quite quite a vocal point of this that the volatility and to my eye the volatility index has got a completely different infrastructure the logistics the algorithms seem to have changed and i'm not sure what that is why it is i think it has to do with a whole bunch of things to do with so many people now in the options market i think that's changing it but within this context what it is saying is this little mini trend line that i've got here in the dating chart having gone below it once it's saying that you can still draw some lines that are very important but even more important is this 200 period moving average of 22.66 we are way below with three points below it way below it means nothing when you're getting a market that becomes extremely volatile and because we've already seen that the S&P the Q's and the IWM have made the peak D's and are pulling back it's only the Dow that's missing it even now the Dow is one of the stronger indices i'm just waiting for that and then i'm going to assess to say on a very short term basis is this going to be the time for the market to pull back why so let me just go back to say if at any point the volatility index does go into the 21s and on any day it closes above 22.86 or 66 sorry and the the Dow is down over 400 points and the S&P is down over i'd have to say 90 points i think you have to take that seriously on the very short term okay got that out of the way in the meantime i wanted to say that the the dollar strength and this is what i said to subscribers in my weekend overview that maybe the dollar routing like this could see the a little bit of market weakness but still rotational so that's what we're going to be looking at does the strength in the in the dollar impact it has periodically it's not an absolute constant but it is there will that impact the market or is this just a bounce in the dollar as gold takes a breather off the spectacular move up and look what i let's go back to silver silver say hey wait a minute i'm still holding don't forget about me i'm now i'm the leader don't forget about me i've broken out in the weekly chart is it a brand new f or is this sorry is it an old f or a brand new a well we don't have to decide that right now but it is a leg b in the weekly monthly chart and that's important so silver's holding well until silver closes below 24 it's at 24.97 right now until it closes below 24 the trend so far is up and we'll see if there's a change below 24 now let's go to the other question i got was crude oil yeah crude oil that big move from the 64 level to the 80s that's 16 point that's that is a lot 14 points is that right 14 points in crude oil getting back into the rectangle formation well that's all it's done it's in the rectangle formation but now you've got yourself a different trading range you've got a trading range that says the resistance at 83 in the 83s if that's taken out that's really on a closing basis on the weekly that's really important but if there's a dip 76 is now the key support level that you got to monitor question came in about i spoke about my let me just go there as things so Charles Schwab i'd use that to say i have a technique that i developed a long time ago where i followed stocks that were really weak that all of a sudden had like two big red candles to the downside and then a gap down day where everything looked like the end of the world and i call that and then what happens is the volatility index sorry the the volume spikes to levels that it hasn't seen ever at least not for a year and uh that says if there is a close above the almost immediately if there is a close above the high of the wick of the bar they made the low in this case 45 round number low in the 13th of march there could be 28 days of a move above the low that was made and if it can hold for for 28 days and as it starts to say the 29th or the 30th day if it starts to move well above the gap high that was made in this case that's the gap of 54.90 on the 13th it could actually go for another 28 days so then the question came in how did we come up with that 28 day figure and i said to myself oh the exact question i didn't want because i get a lot of work in it and i'll put it up when i get back that was down 43 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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 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 so the answer to that question is a little complex one only in the sense that i never really i might might have written it down so if i can't find where i wrote it down um but the analysis i did was watching the action on i'd say not that many i started if you had to look back and say that is not a statistical counter it was a little more like 10 maybe 12 stocks over a period of a year there might have been more but my assessment was that if that selling climax was what i looked at like a like a vix index or something the selling intensity was probably so great that unless it took out almost immediately that low um there was enough buying to say all those people were to look back and say oh man why did i get out in this case it's not a great chart Schwab but it is holding this i think it's the 19th 1 2 3 4 5 6 7 8 9 11 12 13 14 17 18 19 is that 21 the 20 or 21 days so it's still way above 51.60 i shouldn't say way above but it's at 45 was the low round number low this is still holding pretty well okay without to say there are a couple of things that i want to look at you so the the tlt question came in where would you add to a position uh in the tlt and i'm just saying to you i think we're in a rectangle formation i'm not sure we're going to break out above the 200 period moving average of 108.53 significantly we might go above we could come back but we kind of in this rectangle with the high of the week of the 9th of December of 109.68 so we're only three points below that but i am thinking that this is kind of stuck and i don't think at this particular time that interest rates really are that that i just don't think it's a market issue just at this particular time it could become but it isn't right now next question came in um could i look at um fxi fxi is the uh large cap uh china etf i shares trading at 29 i think that 200 period moving average of 29.65 it's made a peak c it's pulled back it's taking too much time i just think it's kind of stuck here if you are long i don't think this is quite the place for me at least i'm really looking at this as a long position uh i just don't see that much on the upside i think there are a lot of things going on that i keep coming we'll keep coming out about about china just to put some pressure on the upside so quib fits in that same thing quib which is kweb is the crane shares china in i believe that's the internet let me just double check i haven't written down but i lost that china yeah internet etf yeah it's the same thing this is made a peak ap bpc it looks just like the fxi and at 30 at 29.99 right now down 44 cents i just think it's kind of stuck just for the moment if it starts to trade in the 3250 area after this kind of a breather one two three four five six bars already without a new recovery high that says it's almost like a brand new buy signal so i i'm looking at it a scan saying it's had a really good move i think it needs more time next question was about what i've written down here oh arlo i showed this in on my weekend overview to subscribers this is arlo technologies wireless smart home security cameras doing really nicely gapped up from the low that was made to 3.40 3.37 on the 7th of march gaps up and hasn't looked back it said made a peak a then a lower peak a and a lower peak a and then a lower peak a when you see three or four a's underneath the previous a after a huge move up like this that's a very powerful move and that says there's a really good chance that it should make higher highs and now it's gone to a leg beat today because it hasn't made a new recovery high i think it will go to c and d and it's one that i had as a streamer uh for subscribers to look at but we haven't done anything yet but i do like today's action i wanted to see how i did today on this question came in where to go uh dpsd dpsd that sounds familiar to me oh at 7.31 this is the dx daily regional oh bank this is a bank index wow at 7.31 i would just say wow this is not going anywhere this is in a rectangle formation even if it pops above it it's gonna have to do some retesting so i just need to make sure that i'm reading this correctly this is the oh this is the dx daily regional banks bull three times long oh i see what you say you know this is interesting because it's a a long rectangle at a low it says this there could be one slip to the downside if that downside slip very quickly comes back into the range and then this time after making a low a low actually closes on any day above the left side height the conservative high i'd say is 9.26 but the one that really is the one that counts as on the 16th of March of 998 and you're at 7.34 that's a long way to go but i'm looking at this and saying if that happens that would say yes finally there's some structure to say that i don't know if this is to do with kray k re y yeah it's the same pattern and that says finally there's some kind of support in the regional banks and that there should may be a basing in the 40 in the k re between 40 let's call it 41 or let's call it 40 because if you're just below that's what's important and 45 i'm going to make it so a close it's at 43 24 of 61 cents today um if it closes at any time i'm giving it the whole month of april any daily close above right here of nine point oh that was nothing that was the the k re please use the k re is your benchmark above 46 47 says the 47 51 high of the 16th of March should be hit very quickly and if it closes above it you now go to this ugly camera right there that's spiked up and closed poorly on the 14th with a higher 49 42 just go step by step and that makes this base absolutely imperative because if there is a close below 40 so three points up or three points down makes a big difference a close below 40 says don't touch this but at this particular point i'd say as a trade and i'm not sure i'd be too heavy in the in the three times long but as a trade yes now let's just see what's happening here in the e-mini oh look at that beautiful cup formation oh oh oh look at it so you remember i said the 40 40 101 is going to be key as support that held there so now it's at 41 11 and you started a leg b finally you've got your leg b in the there it is in the 10 minute chart good i think this is a not not bad action at all considering what you know the the thinking has been uh oh uh oh uh oh but now you say ah not bad so this is e slash b in the one minute chart with all the technical stochastic splattered 92 this is nice action so far days young and i love the fact that we've had three failures and now the fourth the fourth one says oh man if we fail this terrible would know the fourth time is looking quite strong so um para is looking strong para para why we're not so parroted i think of a song i don't know why it was wow talking about music the uh boston ballet happened went yesterday the lamere that's debutsi's lamere then that performance was absolutely spectacular if anybody's interested in dance the program that we saw uh this is the one that has lamere is phenomenal i would say it's one of the best performances i've seen from the boston ballet i've seen that's all i could say and i've been watching them go from elephants they used to dance like elephants do you want to to world class absolutely fantastic all right i'll be back 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 opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman and your inbox every day 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 tfnn.com educating investors are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade network and CNBC tom obrien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com 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 directioninvestments.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 866-476-7523 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 nysc american ntsx under the symbol vgz paramount global like it is a paramount forms i believe up to at up 60 cents at 20.55 nice action shy for leg d 2270 is the resistance of the 200-period moving average per one penny above 2274 not far to go and it starts leg d and that'll help the daily and the weekly chart says hey i'm finally going to be breaking that downtrend resistance the monthly chart looks horrible okay that comes a question i'll deal with this over the week i don't want to deal with it's too much today i've already spoken about it but given that we're only in peak b in the s and b monthly how do you see the cycle playing out i'll just start off a conversation that's going to go every day this week and the conversation says that i like to go step by step there are times where a price goes to a peak b that it falls back sharply and under it you get a peak a b a c even a d and that negates that b because you have to go for the d that d starts to fail that's a d that you have to take seriously so i finally i can talk about it in in cogent terms and not say oh if this and if that i'm just saying we are right now a great peak b underneath the peak b in the all-time high of the monthly chart no other way i can count it there are very very seldom failures in the monthly charts and this is an ipo but mostly the the monthly charts go to ds e's f's or whatever they don't store it a b and then fail and go below the low starting point the starting point for this to totally fail would be 2190 in the s and p because 2191.86 is the low of march and i just don't see that happening in this particular phase i i like what i'm seeing that the histogram of the monthly chart is improving hey we've just started april i can't get too carried away other than to say we are long we've only got long positions we're looking at areas that are have been a little bit weak and now showing some strength it's a remark about that we still have the dba db a cultural fund and it's now getting back to the rectangle high it's a 20.68 the 20.80 20.85 level was the week of the 23rd of september that was the high and it's almost there and the low was a double bottom at 1922 on july uh 22 and then 19.25 the first part of 19 of 2023 so a three cents higher so this is all very important and you can see the weekly chart actually is improving even though it looks like it's a rectangle formation so with that said does up eight s and p is in minus 19 i see enough residual strength on this very short term to allow for the dow to go to its leg d and then i think i have to do an assessment my overall impression over the little bit that i was able to do this weekend because i had guests and all sorts of things going on was to say that on a purely technical basis i see no reason to think that the october low that we that that was such a significant low will be tested but i do see i'll just do this quickly because i haven't done this for a little while um is that the one or is this the one yeah this is the one so this chart shows you the chaplain wave dark news cloud cover and uh all i can say is that within that context whoops let's move it over to the side like this within this context look how nicely you're holding here you're in this whole band that has been for all of 2020 late 2021 all the way through to now as said we've got a lot of bad news on the dark news cloud cover but the market since the internal and residual low that was from the march much recent march lows um has acted extremely well that's all i can say and it doesn't say where it's going to go to the upside but except that rectangle long rectangle narrow rectangle midpoint that i drawn in a little while ago look at the way the prices hit the exact midpoint and store right here that's how important some of these trend lines are we'll see what happens so with that said another question came in where was it oh could i look at the here we go could i look at the x l e and i'll do that right now i'm about to make a mistake it'll be a terrible thing there it is there we go okay oh i just made another mistake mister what's the matter with you wait up all right i've got there is put it over there click that one and it just disappears down to there all right so within that context a quick look at right x l e x l e and this is what i was looking at the other day and saying well considering what we've been through the move to the upside and then the pretty sharp move to the downside and the recovery the x l e which is about to come up there it is this is the s and p select energy spider fund there it is has popped to a leg b holding very nicely now when you're only at a b and you've gapped up a couple of times and yet you're still holding well i don't ignore that as internal strength residual strength actually but here's the the other thing that i'm looking at i believe that the x l e the s and p spider energy fund is in a trading band and then it's select issues that are going to do very well and we've gone underneath the long rectangle and now we've gone back into the rectangle how it hands it on the right side is going to be so important because the bank deal the weekly chart is still very weak stochastic still weak and yet look at the data the data is flat at 87 percent in the stochastic that's giving strength so my thinking is the question was we're able to go and i think at 86.01 i think the 88 to 89 area is very strong resistance at this particular time that was a question to that another question is your gdx so the gdx has made a peak d it did the one in a shorter period of time made the one-to-one to the upside from the 33 34 high over the 27th of january nice move up into the 34s is training the 33 87 holding very well is this going to be a f in a cup formation failure pattern so far the technicals are good in the weekly chart or is this a brand new b so yes your a peak a right there and yes your f slash b because this is the starting point any new high going below the after going below that now any after going below 20 going to 21 52 any pullback that holds above that and goes higher needs to have an alternate count that's just the way we do to be conservative f slash b with the technicals are saying this is probably still a b in the gdx a good pullback quite sharp into the 30 level it's at 33 87 and then have another move up so i'm looking at it in the weekly chart as closing last week above the left side high in the cup formation that's really important so so far this internal strength would i think of a shorting gold not at the moment absolutely not at the moment i am you are you are you are you are usd that's the euro dollar currency pair had a big spike today be the reason why i'm doing this is to see whether the dollar can keep running well yes your right shoulder failure in the cup formation in the weekly chart for the euro that means the usd jpy should be doing very nicely and it is it's right at the 200 period moving average in legs see how it holds is going to be important if the at 133.83 if the Japanese yen actually spikes into the 135 that's going to help the dollar i'll be back in a minute tfnn has just launched their new trading room the tiger zen hosted at discord 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look at this last section before i get uh you so hand you over to steve rose and all the great programs you have tfnn.com check out both your call daily newsletter this is what i'm looking at here within the context i'm gonna let me get out of this yet because i i'll make it as clear as possible 41 41 19 to 40 41 22 is needed after 1 30 or maybe two o'clock this afternoon say wow now we can move higher maybe in the next day or two we can see the dow making that leg d it doesn't have to do it but everything here says that it should and then we'll have to assess and see all right do we now have some kind of a consolidation most important i'm looking at here and it says in the dead that the rules federal reserve expects to make or it has already where did that go there it is uh federal officials won't be able to trade stocks and bonds as well as most of these guys are extremely wealthy that's the irony of the whole thing but that's what it says i wonder if they'll ever do that to the politicians no way on earth will they do that i'd love to see an assessment of who made what over the last 10 or 15 years uh in both the senate and the congress i think which side i'd just like to know who made what and what they had and what was being legislated at the time when they were making these trades wouldn't that be interesting enough for that what i want you to say is that the action that i'm looking at right now on a very short term basis is saying this is a difficult market uh in the sense that if you're in the right area you're just sitting there saying hey great and if you're in the wrong area you're saying what is going on and therefore be very selective i still say it's a great opportunity to have cash ready for anything that happens there's always something that just goes kaboom and just if that's the stock that you're looking at look at apple apple is down almost four dollars after that cheese that's sea and it's a dirty cantaloupe egg the apple keeps on solid eggs for a little bit it's been fantastic so far have your money ready don't don't be afraid to say this is the number i'm looking at i could step in over here um put it to stop i'll be back tomorrow have a great day check out my opening call thank you for steve rhodes