 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Let me just show you something here with the email. This is the 10-minute chart. A long rectangle formation, which has been going on since 1am this morning is 44.04 and 43.91, 92. Just continue and continue. It went to peak A, peak B. Oops, I should have put that. Yeah, peak A, peak B, peak C fails. So it's brand new peak A, peak B, peak C. What did we expect in the Chapman methodology? If the technicals are strong enough, there should be a D. And then you've got to be careful. So here we are in leg D in the 10-minute chart. The target, I said, if we were able to pierce the 44.04, 44.06 resistance level, should be this morning, I'm not saying in the next 10 minutes, I'm saying this morning, should be that 44.11 or 44.12 200-period exponential moving average. Look at the way it was perfect resistance at that peak. D right there, the fourth highest peak in the Chapman wave with the Doji Canal at 220 yesterday. At 44.30, .75, it hit it. This is a very long term in the 10-minute chart. Remember, long term is an hour or two or three. And the 200-period moving averages continue to decline. It should start to flatten out a little later on. And maybe, just maybe this afternoon, we'll see a little bit of power to have a stronger move to the upside. Most importantly, I'm going to show you something that I think is, this is what I've been looking at and talking about with subscribers to my opening call for about four or five sessions now. And I've been saying, within the context of the moving averages that I look at, and I consider it to be extremely important, that's the 9-period and the 14-period moving averages. When there's a really wide difference between the differential between the green 9 EMA and the 14, and you've already gotten to a peak T, what it says is there should be upside action, unless there is very strong big triple-digit down days consistently. Well, it turns out that the reversal from the 34,588 high of the 16th, I'm going to put that date in now because I didn't put it in before because it wasn't as important. Now it is important. Oh, I want to say the 14th and the 16th. I think I said the 16th. I'll call it the 16th for now. So, with the 16th high, what we're looking at is, that was Friday, and a reversal to the downside the same day, giving you a Chapman-Weave inverted Roman-Red-Roman candle. That said, if there are two closes underneath the low of that session out of three sessions, that's negative. Well, the following session that was on Monday, we get ourselves a second Chapman-Weave Roman candle. I've got it written in over here, and you can see a little bit better. This is a Chapman-Weave Roman candle, peak D, and this is the dating chart. Chapman-Weave Roman candle right there, and that rule of thumb is the same. This was also read, Roman candle, except the difference is that this was a perfect one in the sense that it came off a high, and it had just a tiny little wick at the top, big plunge to the downside, and then closed halfway to three quarters of the way off the low, and the rule of thumb is, if the very next session or within two sessions, there is a trade in a shorter time frame that goes halfway into the wick. You've got to be careful because there's a good chance you're going to take out the low of that session. Well, we did that. That was yesterday, and today you can see we are trying to form a green candle with a 14-period moving average. You can see it a little clearer here. This Chapman-Weave automated Chapman-Weave resistance, again, at $34,580, $34,550, and what was the price? $34,588. And here you've got support that didn't hold in the 120-minute chart from the peak F-top at $33,961, where we've gone to a leg B to the downside, now it's a leg, a truck B, and now it's a leg C in the 120-minute chart, and you can see that we are attempting to finally have a move up. Now, I want you to spend just a moment on that as I did yesterday and the day before. I want to explain why over the period of all the just not hundreds, but thousands and thousands of either looking at the charts or trading the charts or notating the charts, why I've said that that 9-period moving average so strong above the 14 should have a very good balance. And then I'm looking for a potential H formation and then we come back to retest this low and that's going to be the big clue. But the weekly chart is saying sideways consolidation is most likely. So I am anticipating there's a pop to the level 44-12 level. Let me just see right here. Give you a good two-click session unless you can stop down because you had a very tight stop. But this is the way it is and there it is right there. George, as we're doing it live, yes, your leg D. We're missing that leg D in the one-minute chart. There it is, leg D. And the root of thumb with the narrow rectangle is it takes a long time for it to resolve if it can finally make the base of the rectangle a propellant and take out sharply the resistance level. Then you go to the next highest peak and here we are. Nice move up. That was finally up 29. That's what we're anticipating. So all of that I did live right now just to show you how these things work in real time. Most importantly, what we are looking at is a balance. Where would the balance go to? Well, that is the big question because the MACD is still good. The stochastic starting to weaken now. It's under 80 percent or 74 percent. The unbalanced volume, the blue line, the dead is really weak. The retro strength has turned down. The weekly chart is holding very nicely at 82 percent in the stochastic and flat. That's important. MACD is flat but positive. And the ninth period, it's not barely. It's somewhat positive. So that just gives you this whole panoply of this chessboard of looking at all the positions and how does it work. And now let me show you the S&P because it's a little bit, it's not quite the same. It's similar. But here you've got the ninth period moving average way above even higher than the black 14 period moving average. That's number one. Number two is you've got a leg E that could be a peak E if by tomorrow at four o'clock. We don't take out the 44, 48.47 high of Friday. A day is young. Anything can happen. We're at 43.70. That's 70.700 down points. I can't see that happening right now. I think we're going to stall under it. And then what we will do is the pattern that I always talk about, if I can just find it right here, is the dreaded H. And that's going to be the template of what we're looking at over the next week or two. And what does that say? It says that sometimes you go straight up and then you come down. But when you come down, it comes down quite sharply. And then it bounces at a peak A or a B. The first to second highest peak after that left side low, it makes an arch formation. And if it tests and takes it out, the left side low, it can go quite a bit lower. If it holds, it can rally to the arch high. And if it doesn't take it out at all, you can go all the way back to the previous high. So that's the pattern we're looking at. And it's going to be a mix of that and the green. Cup formation or the reverse Y. So all that said, where are we right now? We're trading at 44.15 in the E-mini. That's really good. It takes a big action to get the bliss rate back. Okay. Very nice action. New leg in the tent. Okay. 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Someone just asked me, would I do the same analysis with Apple? So, I had this done with Apple before. I spoke about this long rectangle. What happens if it takes out the base of the long rectangle? We've got to be careful. It could do a one-to-one to the downside. So, Apple at 11 a.m. yesterday. Is that yesterday? Yep. 11 a.m. goes to about 182.30 or so. And then it starts to move up. It goes peak A. Same technique. Nothing here fancy. A, B, C. Always counting the peaks. I've got to make sure. I don't like to do these things when the price is up in the triple look or four digits because you're looking for one penny difference. Well, 184.85 was in the 10-minute chart at 2 o'clock yesterday. And 65, 64. That's what I was looking at. That's why I stopped. Because after you do this hundreds and hundreds of thousands of times, you get to be able to tell a penny difference. But you've always got to check. So, this is peak E.D. And then E pulls back very sharply. And it pulls back to the technicals all faded. So you have no choice. You have to put it down arrow. And this could be an alternate count F slash G. But because the technicals are so strong, this is a brand new 10-minute buy mode. And that says the target is now a little bit late to the mass symmetry. That is the high that was made right here at 12.50 yesterday. That was on the 20th. On the 20th at 186.09. And the low that was made right here, double bottom at 182.50. That's the one I chose, the one on the right. And that left side, right side price time, that says that it should get to the 186.09 level by 10.10 today. Well, it's now 10.20. So, it's a bar late. And it got to 185.72. What about 30 cents or so? 35, 36 cents away. Yeah, very nice, huh? So, I am calling this a leg B. It could be an alternate count. I don't see any reason. It's the gas is flat. The MACD is good. So, you can use this technique in any timeframe. And the reason I say that is because we're talking fractals. In other words, the same methodology, the same mechanism, the same aperture, the same everything that we're looking at in a one-minute or a 10-minute or a monthly or a yearly, all the components are pretty much the same. So, it should work. So, this missed by a fraction, but the pattern was the same. Now, what I would have done, I didn't have time for that, is I would have taken a particular candle on the left, and I would have chosen that as the starting point for a chapwave inside wedge target repellent line. And there's the line. So, it kept missing just getting to it. But I love the action in Apple right now. There's a 10-minute chart I'm talking about. And this says that it should go higher. And my target would be in the 18640 area. That's about 70 cents up from where we are. That's kind of in the 10-minute chart. If I had other timeframes up, I'd have different ones, I'm sure. So, this is still leg B. Remember, you have to wait for the whole bar to conclude before you can do anything about it. Okay, so let's just do this. How about Tesla? You want to suit? Oh, DKC, are you looking at the same thing with Tesla? Sure, I'll do. First, I love doing this. C-S-L-A. So, this is really important. I'll do... I have to find the low. You always have to go back to find the exact low to see whether or not you've got the count right, because sometimes you start doing it and you pick the wrong line, you move it to the left and you say, oh, that's the low. I've miscounted the waves, because that's your only obligation, that's the right sequence. A-B-C-D. This is Tesla trading at $259.87, up 46 cents, off the gapping down. Now you've got another buy mode right there. That's the low. Look how important this 200-period moving average... You're going to use this 200-period moving average to say, hey, I don't know about Tesla. I'm going to have to wait, because until it breaks down away from it below or it breaks up to the upside, that magnet of the 200-period moving average is phenomenal. Well, look what we've got. We've got peak A. And then remember, you've got to count every peak. This A is a little bit lower than the other one. So here's another A. That's a fraction higher. There's your B. Whoops. There's your C. So that B is underneath that one. I have to double-check. I don't like about it, because I have to look at it so closely. Yeah. Okay. So that's A. That's B. Oh, that's the same. No, that is incorrect. Even with that many... 261.60, 261.60. No, it's not. So then I have to do this. I have to say A, A, A, B. And here comes the question. Is this a C, or is this a continuation of the previous one where I consider that it's really an E? Can I call that an E? Yes, I can. So because... No, I can't. I have to treat this as a C. And then I... This is what I've done for quite a long time now. I'm quite prepared to say that if it fails with all the technicals fading, I've got to be really careful, because that could be a peak C1. And just fractioning below it is a C2. I can't do this. I can't go back and say this is what I would have done because you've got to do it in real time. So I'm keeping this as a C, and the nine is still over the 14. So the position is still on A, B. And then this becomes a D, because I've kept up that C, even though the B is underneath it. So there goes D, E, and there's an F. And that's a major turnaround. Look, the magnate turns around. Stochastic, everything turns around sharply. So you get a down arrow. All right. And now we're starting a new move with a dreaded H pattern right here. Look, failed miserably, right? Gapped down sharply. And that says that this 200-peered moving average is back in vogue. It's really important. And that's a 261.91. So I have to call this a gray A. Why is it gray? Because I'll explain in a moment. A gray A, a gray B. And your only thing now is how is it going to reverse and is it going to be sharp when it makes that peak B? Because the mag D hasn't turned up. The nine-peered is still under the 14-peered moving average. The stochastic is running really nicely. It's at 63%, but it's not at 80. So this just says be a little careful if you are trading it, but it has filled the gap. That's the first step. The second step is how many bars can it hold above the gap, the bar that gapped down that low? How many bars can it hold above it and can in the interim period, the nine-peered moving average move positive to go green and the mag D turned green and then it's eliminated that gap down opening and said, hey, I'm still, at least in this particular phase, I'm still showing strength. I'd actually like to look at a half-hour chart to see exactly what it's doing. Hope that helps you. So this is, I need to finish all the other stuff that I was doing. Oh, how about test it? So I did test it. 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Hello, so we're looking at Tesla and I'm not sure if I get a question about, thanks, yes, okay, so DKC. So I just wanted to show you here the Tesla. Look how important this 200-period moving average is. In the one minute, this is what I was talking about, that peak C1, C2. I used that right here and I think it's absolutely legitimate to do that because then it did go negative. This is the one-minute chart while it was filling the gap and then I saw a new buy mode because the MACD was good. Look at the V-shaped pattern in both the on-balance volume and the stochastic in the one-minute chart. I went into peak A and under it is just a little bit of an A there and then a B and then it goes to a C and now I've got it as a D. A D, you've got to be a little bit careful, just like the Dow. This is what I'm talking about then. This is my time here because as far as I'm concerned, we're in a consolidation phase. The Dow made a peak D. It's going to digest these gains. It's going to take a little time. The weekly charts are still very good. And the other thing is I spoke about that in a bear phase, you get this massive 50 to 60-point S&P decline. The Dow is down way at 380 to 425 and then it tries to range in phase. It closes at the low of the day, the next day and overnight the overseas start to sell. But then there's a little bit of a buy and again the market tries to range and it fails and it closes way down for the second session and then the third session is even the same thing. That's bear market material. This is like mini bear market. That's why it's just a D. I haven't even got a sell signal yet in the Dow, a D. All the S&P, all the Qs. So this to me is a digestive phase. It's really important. But I think that the rotation that we've seen and different like the semiconductors were weak for a couple of days. We'll see if they can hold up or whether they're going to come back. Okay, I wanted to get that out the way. The AI stocks, the artificial intelligence stocks taking quite a bit of a hit. I think that's really important. Some of them that is. Now, so this is what I wanted to show you. So now you fill the gap. You've stopped dead at the 200-period moving average in the 10-minute chart in Tesla. But wait a minute. This is what I'm talking about. Here is the daily chart of Tesla. You went to a leg E with a sharp reversal yesterday over hitting 2276.99. One penny away from around number high. Well, look at the green candle today and that tells you that the distance between the 9 and the 14 is so powerful. It says that there's residual strength. It's not yet the opposite because you're seeing internal weakness. But yeah, you're seeing internal strength, very little internal weakness. And the magti has turned down, but it's still very strong. Stochastic turned down, but it's still at 90%. The on-balance volume gave you that M-shaped pattern. It shows you it's a tad weaker on the right, but it's not a big deal. Now, look at the monthly candle with a chance of it, a doji candle coming in Friday. And if by next week, we haven't taken out 278, that's not just the 277 high that we saw, missed by a penny, but we haven't taken it out. Instead, we stuck in that range. It says, hey, Tesla's now due for a bit of a break. You said a spectacular move, going from the 150s all the way to the 270s. I mean, that's a move that deserves some kind of a breather. And that's what I'm looking at. So I wanted to go through that. Where would Tesla start to break down to that green nine-peered moving average closes pink under the 14 moving average? Oh, I'd say in the 227 area, 232. I'm being gentle here because it should actually be lower than that. So it's either time or price or a combination. And at this particular point, the price is holding extremely well. This is a process, remember. So that's Tesla. A question came in about Uber. Let's do Uber. I love the action of Uber. I looked at it two, three days ago, and I said, oh, I told subscribers, there are three or four stocks that is on our longer-term buy list. And Uber, having gone from that 40 area down, I really wanted the 36 to 35 area. It went to 3707 on the 31st of May. I thought maybe after the gap, if it fills the gap and then pulls back, we'll get one more decline. I think it was looking fabulous. So if I know a person who asked me about it, I believe you are in Uber already. It would be an add-to position. In this environment, would I add right here? I know that usually we look at starting a position, just getting in when you observe it and you like it and saying, look, I'm in, and now I'm going to start preparing to add to it. So if you're already in it, and I think you are, it's real tough. I would split. I love the action right now. It's up 84 cents at 43.50. If you're already in the position, I don't want you to add to it because if it pulls back, now you've got an average cost lower than if you had taken your patience and said, I'm going to wait for the under 40 at this particular level. In your case, I'm going to say it's something different. I'm going to say add to it right here at 43.52. But whatever you're going to add, make it a smaller position of whatever you were going to add. And the reason being, this little add-on can give you a point or so. And as a trading position, you can raise your stop and see where it takes you out. And if it doesn't take you out, it's great. You've added to your position. But to have a full position when we are in the process, I think by this time next week, Thursday or next week, I think there's a chance that we've started the bigger move to the downside. And I don't mean a big massive crash. I mean, just this whole digestive phase, the nine-period moving average has started to get closer to the 14 in the key indices and it might even turn down to pink. That's the way I'm looking at it. But in this case, Uber, being a leader, it means that fund managers are saying, what's working right now? What's not working? Let's go for what's working. I've changed my mind. I said to you, just start a small position. I'm going to say whatever you were going to add, split the position and get an add-on right now. If you aren't in Uber at all, it's a very different thing. I'm going to say to you, if the question was started position, I'm going to say, now you have to start. You can start a small position at 43.59. This position has to have a wider stop and make the stop all the way to 41.50. That's two points. There's a 5% stop on this just for the moment. And then see what happens. Why? Because leadership remains leadership, especially in conditions that are really mixed like this. And you've seen that in just a few areas. What was the area that I want you to look at? E? E? Oh, now I can't think of it. What was that beauty stock? Not ultra beauty, but the one I've been talking about. E or Y? E or Y? No, definitely not E or Y. E, E. Oh, I won't remember it at this point. I had it written down. I can't find it right now. Can't even remember the name of it. Anyway, it's been leading and making new highs. And that's what you want to be looking at. Oh, incidentally, I wrote this down coincidentally, talking about new highs. I wrote down a bunch of medical equipment stocks. Look at this. BSX, Boston Scientific Core Medical Instruments within pennies of a new all-time high. That's the way you want to look at it. It made this big spike to the upside. There's a possible E slash B alternative account, but it really looks like B. The price is way above the 9 over the 14. This is what you want to be looking at. So, yes, I just say to you, stocks are on the new high list, tend to stay there for quite a while. I'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 O'Brien 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 O'Brien's gold report newsletter now at TFNN.com. Are you looking for a way to consistently add winning trades to 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 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 O'Brien's newsletter, Market Insights, today and try all of our products and newsletters to raise 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&P Biotech three times bull and bear ETFs. Visit Direction Investments.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 investors such as traders and active investors. Distributor, Foreside Fund Services, LLC. This program is brought to you by Vista Gold traded on the NYSC American and TSX under the symbol VGZ. Well, I'm doing my show 8 a.m. to 9 a.m. early addition to be replayed at 10 o'clock. So we were looking at Tesla, made that peak deal, the one minute trial pulling back and then I said to you, look how important the 200-period moving average is. Look there, it's pulling back. Hey, thank you, Pat. I just could not remember at all the symbol for this elf beauty ink cosmetics ELF. I now am going to remember the elf to give you beauty. And look at those new stocks that make new highs, tend to continue making new highs until something major changes. We saw that in ultra beauty and I said, elf is taken over. Here it is peak C1 C2 says the technicals are still. This is what I mean. Look at the nine way over the 14. Magdy comes down, but look, it's that nine over the 14 that really counts. What happens is it pops up and goes to that leg D. Maybe a peak D of today doesn't see a higher high above yesterday's one 13.38 high. Always like to look for round numbers. Oops, yesterday there was an open of 107.00. I'm going to keep that in mind. And today's high is 113.33. And that is, of course, 6 cents away from taking out yesterday's high. So there's going to be something to watch so that 107 level is going to be 107. Yeah, 107 round number. If there is a decline at any, if there's no new high and at any point elf starts to trade on a weekly basis below 103. That's only nine points away. Anything can happen to go down 103 down to 103. Then that 107 kicks in. That's the way I use round numbers, but at this point it's just irrelevant because it hasn't made a high yet because of yesterday's level that hasn't been taken out. So this might make a peak D. But I'm just saying to you, this is the reason why for subscribers from opening call, yes, we did add a long position, which is doing quite nicely because it made a peak B. I'm expecting to go to a C. And indeed it doesn't have to be much higher, but I wanted to be in the areas that seem to be working and that were showing the resilience that you want in this particular market. So, and we've taken lots of profits of different positions because I want to raise cash for this particular move that I'm thinking is going to be a consolidation phase. So yes, so Alpha was the one I was looking at. So in the den, we had someone who was in the utility area for 40 plus years and he's been looking at a whole bunch of stocks. I'm going to, I've followed this for not years, but not just decades, but for many, many decades. And that Duke utility, of course, I haven't got it notated. I always haven't notated. I lost the notation on this. It doesn't matter. It takes me a second. He has the monthly chart. And this is one. And I'm only putting it in here. I haven't read the full, he wrote a kind of a synopsis of what he's looking at. It's actually more like a thesis. It's very detailed. I like it very much. But, and I'm not yet sure what the reason was, why he chose these particular ones, mostly because they do have dividends, but I'm not sure quite what the other reason is. So this is Duke utilities, Duke energy, electric utility. So it's making this H pattern. It had a high somewhere in the hundred, and according it's 116 area, pulls all the way back to the 86s and then bounces all the way to about 107. Now it's trading at 90. And look, he has the weekly chart peak A, peak B, peak C. I can't tell you how many times I've looked at peak C's that have failed and taken out the left side low in this particular series of moves and weekly charts over the last year. So the A, B, C, it hasn't got a C minus yet. Why? Because it hasn't taken out the starting point low in the 83s. Now this has to get an A, even though the next one is lower, that becomes a B and there's another peak C that's starting to fail. And he has another A. And all of these is because this is your starting point. Remember you start counting from the low, the major low. All of this, you've got to count each success to be high peak. So I'm looking at this and I'm saying, yeah, I agree. I think you mentioned that he's not sure what they can do, but he's got them on his list. I think it's kind of a watch list. He has your A, B, C and a very quick A to B to C to D. I don't like that. That usually says you've got to look at the distance of all these peaks and yet it hasn't even gone close to the high that was made. That little peak over there that was in May at about 93-something. All it did was go to 92-91 area and now it's pulling back. And the nine-period moving average is just flip negative. So yeah, I'm looking at this and I looked at these utilities. I haven't noted it and tated them for a while, but I do notate the XLU, which you haven't updated this for a while either. I lost all the data. What happens is when my system shuts down suddenly, the notations there, but in the library it comes back to a different series of notations that I've done because it always limited. It used to be terrible. I've managed to sort it out a little bit better now. It's not Trade Sessions 4, although I would say it's Trade Sessions 4 in the sense that as I'm doing all this, it should memorize it. It should just put it into memory right away and then I'll never have a problem because when it comes back after I, if it shuts down and then I haven't saved the very last thing, like now if I just said there's a lightning strike or the wind or whatever it is and it pulls down or closes down, then I tend to lose that data. It doesn't take me long to take me a second year just to do it. S&P Select Utility. This is the S&P Select Utility. Utility ETF. All right. So it's got the same pattern. Peak APP. This went to a C and now it's pulling back none of that. So peak APP. Peak CPT. It looks the same. And it's got the H that goes to a low case information. I know what you mean. And one of the things I'm looking at here is how is the grid going to manage everything? Well, you know, innovation makes a really big difference. And at some point, oh, this is the dividend, 4.4%. Yeah. Okay. This is this particular one. Duke Energy. It's a 4.4%. No, I've got battery backup. I've got everything. Believe me. I've got everything. It's not that. It's the suddenness with which it should. Okay. Well, it did happen while I was out of town. That means I had to have somebody come back and just press the button. That's all they had to do to start the computer up again. Because that's the only thing I can't do remotely. You have to have somebody physically press the button. So, yeah. So in the meantime, what I am looking at is in the energy area, because innovation is going to make the change. At some point, someone will improve the battery or do something that makes it battery-less or whatever it is to get energy. That'll happen. But it doesn't happen in a day. It doesn't happen in a month. It doesn't happen in a year. It takes a process. And remember, I spoke about this. Some of you do remember that it was way back in 2000. And I went with my good friend to the order show in Boston when they still used to have it. I had been going every year for decades. I just love car design. I've always been fascinated. I don't have to have the fanciest car. I just want something that goes very nicely from A to B and A to Z. And that's a bit of that way. And I like to make the stops. If I have a car that goes really quickly, I tend to drive very quickly. And just that's the way it is. So I said to him, he said, oh, it's all electric in another 10 years. I said, no, no, no, Julius. It takes 50 years, always, to get to where you start and you press the button and everybody can do it. And the infrastructure's already taken 20 years since the Prius. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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It's really important to have some cash ready for stocks that you've missed, that you really want to get into. And that's, I think, the way it is. So, cautiousness is the watchword. I think the Dow's going to take out the recent high until we consolidate a little bit further. Meantime, back at the ranch, the SMH is trying to reality. The SMH is a semiconductor index. 155.94 made a high four days ago. And it's not breaking down. And I saw over the 14, I've got to respect that it's a process. And today we saw that there was internal strength and now it's reverting back to the weakness that we saw early in the morning. As I say, this is where you got to be cautious. But if you are in stocks that are making new all-time highs or even recent highs and are holding well here, those are the ones you want to keep your eye on because on the next, if the pullback continues now into next week, which I think it's going to do, that means those are the stocks that you want to either add to or get into because they are showing the strength that fund managers are utilizing to get their positions. Have a great day. Stay tuned for Steve Rhodes with great programming here. I'll be back tomorrow at 8 checkout for opening for my daily newsletter. Baselchappen signing off. Thank you for being here.