 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 internationally at 727-445-1044. Now, Basil Chapman. Hi everyone, Basil Chapman. This is the Tiger Technicians Hour. It's a little early today at 8 a.m. I'll be doing this again tomorrow. Then we'll be back to normal. In the meantime, back at the ranch, what we're looking at is the Dow futures are up 63. I was wondering how that happened because Verizon and Procter & Gamble have earnings out. I'm not sure if they're out because they certainly weren't doing it. But what was doing it, I guess, was Coca-Cola. Coca-Cola. I'm going to look at the, let me just check here. Hey, I don't have cocas in the Dow anymore. I should know these like the back of my hand. What happened? Yeah, there it is. Coca-Cola in the Dow. I was going to say, did I get that confused? Yep, Coke is there and Coke, so LMT, which is Lockheed Martin, came in with earnings. It's up 18 or 334. Coca-Cola came in with earnings, I guess. And it's up 1.45 or 48.85. That's Coca-Cola trading. Let's see if that's at 48. Oh, it's trying to fill that big gap. What a huge gap. On the 14th of February, sorry, 13th of February closes at 49.79. The next day it opens at 46.70. And so it's trying to fill that gap. This is peak A, B, C, D, and this is E. Yeah, leg E. I just capped up. Okay. So we're going to be watching this one closely. In the meantime, back at the ranch, let's just go through the numbers now. The Dow pre-market with an hour and 20 minutes to go. The Dow closed at 26,511. The futures up 76. That's what tells some good opening action. We'll see what happens at about 130 today. That's going to be very important. We're looking at the S&P. And I'll just do this very quickly because I've already done it in the update. Underneath the high of three days ago, which was at 2918, round number. It's trading right now at 2907. Close at 2907. Nice move up in the futures. The futures up now four in the E. Many, let's see where that gets to later in the day. Oh, UTX earnings as well today. I didn't realize that. UTX is very nice. It's actually extremely well. It's up 4.89. Well, there you are. So 141.80. Not the all-time high. All-time high, 144.15. It's getting closer and closer. Ooh, nice action. Let's see what's happening at this time this afternoon at 12. So 10 minutes past 12 when this is re-broadcast. It was still holding up 4.89. I see no reason why it shouldn't be holding because that is a very good... It's not like it's just one point. This is now five points higher. Hey, that's a very good action. Let's see. Just as a matter of curiosity, since I have Caterpillar in my Dow Quartet. Caterpillar, which is at 142.83 of 45 cents right now. It's up pre-market at triple M. Triple M is trading up 34 cents at 218.88. Real nice rebound. IBM is trading up 12 cents at 139.01. It's the weaker of the four. IBM, Caterpillar, triple M and UTX. So this will help the market down to 86 in the futures. Now, this is going to be very important. Within the context of the Dow itself, you can see based on my automated Chaplain Wave resistance levels that at IND, right here... Did I just hit something incorrectly? Yep, there it is. Right here at 26,511. Look at all these resistance points. Right here, these are automatically generated. You've got 26,646. 26,683. So as I said, the 26,600, I was talking about this yesterday, has a lot of resistance. That's kind of what it's bumping into right now. If it breaks out, 26,918 is the next level of resistance. Then you get, well, 26,623 is also in the weekly. So I am looking at this and I'm saying, if the Dow is able today to power over the 26,600, that is going to be very good action. At this particular point, I'm still considering that that is kind of a repellent area, but you've got some real good action and some good stocks and the Dow, so I'll be watching that. Now I want you to do this real quickly. Look at the high-grade copper. High-grade copper is trading at 2.902, unchanged right now. Not a very good pattern, made this cup formation fail. FCX, and a lot of people are asking me about FCX. It just keeps, sorry, this is X as a steal. I meant to put FCX. Now FCX is trading at 13.68, it's up 3 cents, but it's made a peak. F-topic, 14.68. At 14.68, pulls back all the way to 13. Ooh, that was a big move percentage-wise. 13.25 yesterday. Now it's trading up at 13.65, up 3 cents from the close. I'm watching this because the weekly chart, I mentioned this last week, is still looking pretty good with these stair-step moves with big pullbacks. Look at this. You get in, let's just say you got in at 10, the low was in the high-nights. So it spirals up to the 12.50 area, 12.65, pulls back all the way down to 10.20. Then it rallies all the way to 13.86, but wait a minute, it pulls back to 11.78. You've got to have some pretty wide stops if you're convinced that this is going to make a stair-step move to the next move, which was at 14.68. Now it's pulling back to 13.25. If this is just a minor pullback, because each one seems to be getting a little bit smaller, then you could have a stair-step move that takes you to a new recovery high about 14.68 over the next week. I don't know if it's going to happen, but if it does, that'll be very good action, helping the weekly chart maintain 85% stochastic and the magnate is very good. That'll be very nice. And at this particular point, it says that between $13 and $12.62, there should be really good support in FCX. This is from Port McMoran, McMoran Inc. Copper Company. Now, another thing I want to look at is... I wanted to do wheat. That's wheat. It is up $1.5 finally. It's had some real tough days. It's trading at $4.37 and a quarter. Soybeans. That's soybeans. Trading down $1.5 at $8.76 and a half. Struggling, trying to make a little doji can or reversal, but see if it can do that. And the B and the... Sorry, corn. Carn, as they say here in the Northeast in Boston. Carn, corn is trading a leg after the weekly chart and just done a point at $3.53 and three quarters in a leg after the downside on the day. This is really... All three of the grains have to start a really good move and that has to happen soon. And I'm not sure if the dollar is instrumental in this. They seem to be working kind of in different... different title moves. So I'm going to be looking at this. Let's go back to the dollar here. The dollar is trading up $0.07. Yeah, this is nice action, holding steady. It needs to get to the $97.52 level very soon and then into the $97.72. That'll be a nice breakout to the upside. I'll be right back. And in the meantime, back to the range, the futures are down up $0.75. The S&P futures are up $3.75. Be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. 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Everyone, we're back and the five-minute e-mini has just made a leg D. Remember the chap wave? We're always looking for four legs higher, and this peak D right here is something to watch. It's up 3.75, and that's very interesting because on different days this week, we've seen that one of the indices is a little stronger than the other. We've also seen, look, this is going to be quite important. QQQ, let's just do the IWM first because IWM has been the weakest, still the weakest, made a PE in the chap wave. We couldn't make the left-side, right-side price time match in the cup formation. Try to go to the 159, high of the 25th of February, pulled back to 148.41, ran up and then stalled in the 158 area, and now it's trading 155.23, 155.48 early this morning, up 25 cents. Now, what's going to be important about this, you can see in the weekly chart that descending triangle, expanding triangle, or wedge, keeps bumping to this resistance, and until it can start to trade in the 160 area, I think the IWM is going to remain, at least for now, is going to remain the weak link. Most importantly, if you look at the XLK, look at this XLK. This is the S&P Tech Select ETF from Spider Fund, made a leg D yesterday, right into the, right into this up channel, it held the rising trend line very nicely. You've got, how can I put this? See the little doggies, this is so interesting, when you look at many, many charts, and you look at a chart that's going up and it's having small little candles, little tiny lots of doggie candles, but it refuses to go down. What it says is, until I'm done with this move to the upside, don't play games, because I can keep doing this for a long time. However, when I run out of energy, I can fill three to five of these candles in one fell swoop. In other words, in leg D right now, the on balance volume to me is saying, this is the blue line right here, is saying that the XLK traded a 78 round number close yesterday. What was the high? I think that was almost the high, 78.03 was the high. That leg B in the monthly, this huge move up is saying, absolutely fantastic action, just consistent buying. As fund managers have said, this is the area to be, remember when you, over the years, you've seen the IBB, the biotechs do the same thing and money just kept coming, certain points and steels were doing their steel stocks. This has just been persistent buying. At some point, it doesn't mean to say that it's going to stop being a favorite area, but what it does say is that be careful, because there could be one sudden bad news event that just allows a freefall, as you've run out of buyers, and until you get those new buyers, the 76.48, 40 period moving average is going to be absolutely key support. I suspect at some point, we're going to plunge, we're going to go down below it and then start a very choppy move and sort of struggle to make new highs until we have a decent consolidation for a peak being in the monthly, in the weekly chart and then start up to go to a C and a D. So this is the favorite area, XLK, but I think it's somewhat overbought at this particular point on a very short-term basis. That's not saying it can't go high. It's saying that the technicals are very close to what could be some kind of a digestive phase, but at this point at 97.99, that's less than 2% or for 100%, you never get 100% in the sarcastic. This is one of the higher readings that I've seen in a long time and it's been consistently. So I'm saying just one sudden fell swoop to the downside, but there's been persistent buying. This is a favorite area. Next thing I want to look at is if you want to go to something like HACK, HACK, this is your cybersecurity area, had a bit of a pullback, 41.45 was the high, the recent low, back in the 31s in December, there's a spectacular move. I'd say 10 to 11 points on the upside in four months. Less than four months is very, very good. And it broke to a new high. But here again, this could be just starting to chop around. Sideways movement has a digest. It doesn't have to break down, but a sideways movement. The next one I want to look at is, and always forget which one it is because it is in the, you've got security, you've got tech, and you've got, I've got the image of my mind and exactly the transformation. I'll get it in a moment. That's the missing link here. There's also one of these very quiet under the radar, ETFs that's made up of a particular sector. Why am I missing it? Oh, there it is. Just came back to me and it is in the, it starts with a B. I'll get it, don't worry. I mean, when I, let me put that down as a question mark here and that I'll just put B with it, with a bracket to say, was it a B? Oh man, I can just see it. But no, I'll be back. Meantime, let's look at this because I want you to look at Raytheon. I don't know when they come out with earnings, but it's very interesting that the defense area, Raytheon's gone from the 229s back in April of last year to April of this year. No, to December, it goes to the one, about 143 was there. Let me check 144. 144, 27 low. Raytheon's up to the 188 area. Now trading 182 gone sideways. And if you put it together with Lockheed Martin, LMT, which is up 17 points. Also going from an all-time high back in February, I think it was up February. It is 363 round number high. I must put that in. 363, 363, R-slash-N, high. And that was in 2, 2018. There we go. And now what we're looking at is after going all the way down to the 241 area, it was trading at a close yesterday of 315, and now it's trading in 332. That is a huge move, up 5.5% for this defense stock. So they must be doing everything right because let's face it. The defense area as a general rule, PPA is actually defense. It's also Invesco, aerospace, and defense area. That's much better as an overall index. And you're looking at a leg D at 60.32 close yesterday in the left-side, right-side price time match of the data. It did that already. But the weekly chart is extended. You had to make a moving target of the plum line. And that says that the high that was made back in October of last year of 6,218, that's very close. Let's see if it gets there. And that's Invesco, aerospace, and defense. So that's a bigger conglomerate. I'd like to look at Boeing for the moment. Boeing right now is up $1.53. $370,660, also helping the Dow. But really, this is more an arch formation that becomes a lowercase H2M. So let me show you what I'm talking about. There's your H, your first H. Now it's trying for the second H right there. And it's just stuck in the sideways. I don't think Boeing's done. I think there's a lot of work to be done on the upside. Let me put it this way. I think that there's a lot of bad news still to come out. Boeing's earnings come out. It's only extended within a week. It comes out pretty soon. So I'm going to be watching this closely. I would suggest to you that there's a lot of due diligence that needs to be demonstrated to the public before people feel very comfortable about growing again. It'll be right. I'm sure it'll come right. With the money to do it. But it's prestige that's being knocked for the loop here. I'll be back. The futures amount now is up $68. SB futures only up $325. I'll be right back. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software with a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com 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 Hi folks, so there might have been an 830 news report I didn't get it but there has been just a tiny bit of a pullback nothing much. This is what I wanted to show you look STT which is the State Street Corporation they were involved in many of those original ETFs I'm re-watching the earnings today because it's trading at 70 up 10 cents pre-market it's had an all-time high of 114 114.27 back in January of 2018 keep your eye on this chart you see that you see this chart here coming up I want to tell you what it is and tell us there also January of 2018 13,635 this is the New York Stock Exchange it's had a very good run since December slump where it went from 13,635 in January of 2018 to the December of 10,723 now it's at 12,914 still well under the all-time high but look also you've got a lot of key stocks and indexes that at some point made the January of 2000 high and then never got back when the S&P and the Q's and all the others went to the all-time highs in 2018 later on they never did that so this is going to be very important the SMH has never did that until just recently so how the rotation back up comes is very important so State Street I'm saying they've had a lot of competition from what I've read with all these new ETFs not just hundreds of ETFs so I'm going to be watching this how do they make out this is a Boston company State Street call QQQ Daily weekly monthly 120 minutes I'll show it question food I'll show it the Chapman Wave Notation QQQ it went to I didn't put that in but I should have put that in yesterday was a leg after the upside right I might have recycled them calling it F for now in the daily after the doji candle of what are we two doing today on Friday so this is very important leg C still is active in the weekly chart just to add it to that for this week so this is still leg C monthly chart I don't know whether I can call this an A or a G everything about it says it should be an A but to be faithful to the Chapman Wave Methodology it did not take on that big move down to December low to invest your trust QQQ trust series of the index 100 trading vehicle it didn't even get close to the low was 94-84 that was made back in 2016 in the monthly chart so this could be just a continuation in a G and then there's going to be a whopper of a turn down I don't think so I think that we've still got to see some kind of slowdown of the cues and the and the estimations and the XLK as the the cyclicals and the big industrials start to come on strong so that down the S&P could have a follow up to their all time highs as the others take a breather unless they go together my thinking is we've got so much rotation that's been going on for over a year and a half now that the rotation will continue and we'll start to see some kind of a slowdown in the real big caps what happens I think Amazon has coming out in the next day or so Amazon is trading up five and a half in 1893 at this particular point in leg D in the daily in the weekly a gray leg A in the monthly chart but at 2050.50 all time high back in September of last year down to the round number 1307 how this is still one of the great companies people ask me all the time what can I just buy and hold Amazon is one of those stocks for my subscribers I've always talked very positively about Amazon Google we've not owned it at the prices that there are others that we have much greater interest in because of the potential percentage gains that could be in maybe a shorter period but as a long-term buy and hold maybe for like college college plan or maybe an IRA every time I would not be short in Google Amazon but I would say that on every very strong decline if this is your inclination these are the stocks that you like and you agree with me this is the general motors the Chrysler the ABC of the 1920s this is the same period we're in right now but with different companies these are the great companies so these are the ones that you really want to own at some point at some point you're going to get some senators saying they've got to be split up and do this do that but up until then I think this is the place to be so we'll see Amazon now I've got a feeling that this is just from what I'm looking at market wise price wise etc. that Amazon might turn out to give a little bit for a bit of a disappointment at least shorter term I don't know I'm just saying so we'll see if that's a potential for some kind of a pullback and then what we might see is that some of the other cyclicals maybe a whole better hey let's just look at Ford Ford has spoke about it yesterday pulling back a little bit made a new high on Friday is that correct so yeah it went to a leg F and this is recycled so it's trading oh it's down 10 cents right now 940 that's not a big deal I just saw minus 1% it's just a minus 1% not a problem so that is an F it could recycle I wouldn't be surprised if the reason why Ford and General Motors have actually held quite nicely here General Motors is down sharply after a nice leg deep to the upside on Friday yesterday was a pullback down 5 cents pre-market it's 3945 these are holding much better than you would think if you read about you know how bad the auto industry is I don't think it's that bad maybe it is I don't think so hey let's look at Tesla because this guy's all over the place now what is he saying he said fully automated by next year let me tell you I don't know where this guy comes from he's one of those geniuses that has a mouth that just kind of shoots off all the time he does produce there's no question about it but he also blabs and I you know Tesla's down three and a half and 258 is if it breaks 254 it's in real trouble I do with all the legislation and everything you might have experimental you get permission certainly to have some experimental driverless cars I just I don't see it being the big public thing right now I just don't think this who's going to take the responsibility insurance responsibility we don't know what happens and all you need is one thing to happen and you're kind of out of business for weeks before something happens this is not going this is different this individual the roads are made up of not open skies and one jet this is pedestrians it's other cars it's park cars it's all the changes that's gone on in most of the cities big cities when you've got bicycle pants I don't know this is it's a challenge I think it will be amazing but I just don't think so question to Dan Amazon now 928 billion can you imagine market cap law of large numbers how much further can it expand because still expand the question is how much can the price go so that's the big issue but you know what 928 billion we have small companies in the United States that are the gross domestic product of many countries in the world but at 928 billion market cap Amazon is like a country unto its own I mean it is huge so obviously it's going to become a prime target a prime target for a breakdown a break up and at some point when I'm not sure our economy is 17 18 trillion hmm it's still a big number 928 billion I'll be right back as the 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tfnn.com then hit watch tiger tv for the latest market information Hi folks Basel Chapman this recorded program for to be replayed at noon so whatever I'm saying here the future's up 57 if the Dow in real life 57 at 130 after 130 that's going to be very good action and the E-mini is up to 25 it's a little weaker yesterday the Dow was a little weaker than the S&P we've had this rotation for a little while so we'll be watching that thank you Dave Dave Whighton then said that's hardly Davis and up a little on bad results but not as bad as feared it's still a lousy oh man yeah I do now this reminds me of General Motors in the 1980s I just see no reason why hog shouldn't have been skyrocketing towards the 70s rather than stuck here in the 3940 area you know the US economy is one of the great economies of the world right now it should be represented and illuminated by a company such as Harley Davidson around the world so I just don't understand what's been happening over the last couple of years not good at all they had every opportunity to be a leader just around the world people love Harley Davidson's around the world because they represent such an American iconic vehicle don't understand personally I've always liked the snappier faster Ducati's and stuff like that not that I've had one but I've always liked the sound and the look but the Harley is the vehicle that you can really carry you comfortably all over the show so I think that I'm disappointed in Harley I must say I think the founders Harley and Davidson would have been very disappointed but what can I say next thing I want to mention is that I've got an email I think this is absolutely correct this is a statement that I have absolutely no I cannot reject it I completely concur it's it's one big part it says not a silent bull market I said silent the way I said silent is that it's the least advertised it's the least mentioned it's the least discussed bull market that I can ever I can ever recall and that's really that was my point that it isn't talked about in parties in public now next so the statement is but a very fundamental driven bull market versus technical absolutely now it's also technical for different reasons but it is a fundamental based on what you had to do was watch the Federal Reserve keeping interest rates high with nowhere else for fund managers to put money but the stock market market goes higher absolutely and that that is the question that's why the short trades short term trades I believe are pockets of weakness the big picture of this particular stage now for me is that the doubt and S&P should make all time highs and how the areas that have been spectacular like this is going to the XLK for a moment to show you the weekly chart that one red candle but it's called a two red candle since the December 12th that's 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 9, maybe 19 or 20 weeks with just two red candles and you want to know something those two red candles still had higher highs so they continue the upward move at some point you're going to give that back give some of it back and that's why 74 to 73 the 9 and 14 period weekly moving averages that would be key in leg B it still should go to a C and a D so I absolutely concur with that statement but it's not been all that easy to just in terms of looking at markets on a daily weekly basis because there have been these pockets of weakness it says that the rotation is allowed other sectors to push higher so that's the only thing I can say there and yes so let me do something else I just wanted to say that EW which is Edwards Life Sciences that's pulling back here but it has earnings today it's one of those really very good companies Life Sciences is in the medical technology medical instruments I believe and experiments there this is very important because the leg F I believe it could be a recount in the monthly chart but look weekly chart is saying you'll have to have a fabulous earnings report to go over 200 and this point it could be ready for a little digestive phase another one is RHI which is RHI is Robert Haff international this is a jobs situation his training is 67 60 made an all-time high of 79 or 80 I can't remember 79.91 back in August of 2018 plunged to the 200 weekly support level of 53 or 52 52.79 announced trading is 67 that earnings report I'm just mentioning the earnings reports today that's going to be really important if it pulls back it's going to say whoops there's a little problem here if it spirals high it's up 3 say 5% after the announcement and tomorrow it actually opens up 5% that's going to be very good I just think we're in some kind of a digestive phase here at Texas Instruments did I mention that Texas Instruments leg weekly is A, B, C, leg D making a potential peak D if it doesn't go above 117.85 this week and A, B, C, D peak D in the daily so at 115 you're going to be watching this closely because it's going to tell us a lot about the SMHs are the SMHs just ready for another break out to the upside I'm looking at this and I'm suggesting to you that there's probably a filling of the gap at least the high that was made on the 15th was 115.87 and then a gaps up on the 17th, 116.89 I think the high 115 the 115 should be tested soon that's what I'm thinking the bank is still very good the statistics excellent at 92 but it is starting to pull back so I'm watching this very closely because the weekly is still excellent so any pullback in the SMHs could be a short lived and then we're going to see if it gets ready for another big move to the upside leg D look at that monthly chart just four incredible candles going from the 84ish area to the high of 118 a few days ago 1883 so Texas Instruments today I mentioned just today because it's today it's going to be very important IROBOT haven't notated this for a little while I used to have it all notated I don't know what happened to the notation just disappeared yes trading at 128.75 up two cents watch this closely because if it spirals into the 134 or higher area over the next two days that's going to be very good our robot butts that's what I was to remember I was looking for the other area butts and I said it begins with a B you couldn't remember it butts let me put that down I always forget butts POTZ we do not have a position made a PE 21 first at 22 did it hit 22? 21.99 on the 17th so for two days it's pulled back a little bit nice move up in the weekly but the all-time high back at 28 27.42 January of last year it too didn't make a new I hate the 200 period moving average of the monthly chart 200 butts is going to be important let me go back where was I I was talking about iRobot so that reminded me iRobot is trading at 128.75 up two cents and this is going to be important because iRobot seems to be a great company I think it's here in Massachusetts but they go down sharply but they always seem to make new recovery highs I'll talk about that as soon as we give back for the last segment Basel Chapman this is 8 50 am in the morning I'll be right back now I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we Tigers and Tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do Sign up for Mastering Probability today by clicking on the 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All of the TFNN newsletters are informative up to date, affordable and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com Educating investors that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins, minerals, fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they have been called miracle molecules because like sunlight, air and water life cannot exist without them that's right Paige, they ensure we receive all the nutrition we need to be healthy and thrive every morning primal edge formulated and approved by Niko and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on 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 for the latest market information I had a question about Vanguard Real Estate ETF the VNQ I've got this in a leg C probably a peak C this week in the weekly chart the daily has made a peak E with a very sharp pullback from the 88s down to the 84s now straightening at 84.55 I think it's a digestive phase but I am watching this very closely because the IYR which should have the same pattern right now the IYR it's the one I follow a little more closely has suggested to me that to do with rates and all that this is a vehicle that a lot of fund managers have looked at as interest bearing and a very important area SPG it's got you know all the different variations of what would be a REIT and AMT is the what is that the antenna company American something and so this is what I'm looking at here that there should be a digestive phase but I would not be surprised if a tower thank you American Tower I wouldn't be surprised if the 83s is really the test if it closes under 83 you can see left side right side price time edge if it breaks under 83 that's going to say timeout is going to be a little longer all right now just before we wrap up because I'll be back tomorrow and I hope you stay tuned because if you're coming on right now there'll be Larry Persevento fabulous show of course always with Larry then you've got Tommy O'Brien with the Bull Bear binary options then you've got Think or Swim then you've got this show recorded to be played at noon my Tiger Technicians now check out my opening call my daily newsletter please and then you've got Steve Rhodes and Dave White and this afternoon we've got various people sitting in for Tom I believe so the IYR right now is key okay let's just make this real interesting here in terms of knowing what to look at you've got the VIX index trading at 12.38 back in the 12s if at any point there's a slide in the market the VIX starts to trade at 12.80 or 13 plus area today I suggest to you that we for some kind of a pullback just shorter term pullback in the general market so just watch it at 130 if the S&P futures are minus 5 rather than plus 3 that's going to suggest weakness of the close and if the Dow is down 40 points or more instead of up 20 or more at 130 after 130 I think a week close they have a wonderful day take care and I will be back