 The following is a presentation of TFNN the Tiger technician hour with your host Basil Chapman call now for free at 1-877-927-6648 Hi everyone Basil Chapman on this Monday March the 14th and we're looking at the doubt 166 at $32,119 let me run these quickly because this we need to get through the mess and the message is that we've had a cluster formation down at the lows towards the between the 32,730 2,200 and we need to look at this just to say we've started off the week with a little bit of strength the other if there wasn't this war going on right now if crude oil prices hadn't shut up if we didn't show up if golden sure we probably would be looking at a situation now where the Dow was testing the upside strength at 34,179 that was made beginning of March and we would be actually at the 34,400 area the 200 period moving average so there's this tremendous cap on the market at this particular point there's just no clarity remember the market lives with uncertainty every day but it doesn't like uncertainty about uncertainty in fact we've probably got uncertainty twice removed if not three times removed looking at the S&P saying well I can say this all this week we've got 32,500 support has to hold otherwise the real quick trip down to that 32,200 low that was made on the 24th we're looking at the S&P up now it's up 16 it's getting a little bit of strength there is residual strength to play it is really difficult so for subscribers to an opening call I decided we wouldn't we did this the other day in the Dow diamonds we we got the call long position from way way way back we still have but for a shorter term we go long go short we went long and we managed to make because we raised the stop made a few cents but I wasn't prepared to hold it even though I like it with it I think there's tremendous support in the shorter term because we are so oversold but holding supporting a rally is really the key so I decided for subscribers we would move into areas that I think are much more how can I put it I'm not gonna say lucrative because we just don't know yet but they much more interesting because they they surfered they they cover areas that I think are going to see strength looking on and in fact I had a bunch of calls and we're going to get a bunch of questions and I'm going to get to them right now with with charts in the commodity area let me just do this for one second okay so the S&P really sold 41 they said 4224 it needs to hold the 4170 area otherwise that's a problem looking at the QQQ and yes 100 yeah as well you should see something we're going to attack that I'll attack into the den so Dan I'm just typing it on to my my child right here QQQ up 65 cents at 325 after the beating the drubbing that so many of these Q these Nasdaq 100 stocks have had you would expect that at any point it would have a ten or even a 15% rally it can't even get what is it up 0.2 percent and really needs much more and on the on support if it takes at 322 a the next to the 319 318 area it's going to be absolutely key to hold let's go to the IWM Russell 2000 there it is trading at 196.60 down 12 cents gotta keep these vocals lubricated gonna be giving a show at three o'clock today the Tom and Ryan show so and so we can keep the vocals flourishing we're looking at the IWM down three ticks now getting a little bit better it's going to try to go to break even but all it's doing is just trading in the lowercase H to a lowercase M let me just show you this for those of you when you to my work I ever go to Chathamwe methodology basically looks at three patterns that repeat over and over straight line move up straight line move down number one cup formation goes from one point down comes back up again retest that left side low it could be a V could be a cup that's number two number three is goes from one point up and then comes back down could be an inverted V or an arch formation and you can get a combination down cup sorry a down arch that fails and takes out the left side low that could be very negative or the inverse Y sharp ready pulls back makes that cup formation and then takes that out decisively very bullish what are we looking at here in this case this is the lowercase H just broke left side support but it immediately ran up and then it ran up and failed again curved over all over but in fact it's a really looking like an M formation lowercase M let's go to SMH's SMH's semiconductor should be running today up the down 30 cents at 245 49 everything I read about the semiconductors and it's been such a mix for what six seven months I mean two mother semis for I don't know how long since the high that was made back in was that November yeah November the 22nd at 318 82 I mean saying that this let me just pull this back yeah I've been saying that from my perspective the semiconductor industry which leads the market up and down it's just looking very poor and all those stocks that's that's applied materials look at that goes from the 167 range down to is that 123 even micron which is looking fantastic as back on mid-feb when it ran back to 95 98.45 January high whoosh down to today's low of 71 90 well 71 no 70.03 Nvidia I've been saying for some time now Nvidia the darling the darling darling of the semis it just doesn't look like a darling anymore it's going from the high that was made back in November the 22nd 346.47 with the 319 round number low that day it's traded down to 208 try to rally comes back to 2880 comes back to 2890 rallies up and then fails in the lowercase h that goes to a lowcase m smaller pattern what does it do it plunges down to 206 not under the under the 200 period exponential we can just go on and on with these semis so the semis have a real problem they're telling me that the market the overall market so the semis invariably for decades leave the market up leave the market down they've been failing there's not a good market sign but in the meantime very short term i i i don't see any reason why there couldn't be a bounce it's just you got to be very very careful now what we're looking at is the xlk this is xlk is the uh s and p select text spider fund that makes a all-time high of 177.04 back to December the 28th starting now down 144 30 points it's not that bad but it's not great and we're looking at the monthly chart with two weeks to go it looks to me like that's going to get a sell signal maybe in a sell mode all right let's go back to our story everyone look at gold gold is down 27 now on the 14 period expansion moving average now this is a really good sign of the shorter term it's one of the reasons why i did really want to go back into the um back into the diamonds and then i thought you know if this is going to move to go into a stock basically that's trading at 332 at that point i'd rather choose something even if it's in the triple digits that has the potential so we have we've got one that so far is working very nicely we've got two actually that are very working very nicely in the triple digits i don't need to do that but i think it's worth it i'll be back in a moment thousand two ninety six nine i can do this now we'll be right are you looking for a way to consistently add winning trades to your portfolio tom o bryan is here to help tom o bryan has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom o bryan 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 opened 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 bryan'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 what's separating you from the most successful men and women on wall street that's right information having all the information gives us the perspective we need to place the right trades at the right time the test profile scanner is the premier market profile base scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen for a limited time you can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee so you have nothing to risk level the playing field with the task profile scanner which you can find under the services tab at tfnn.com sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 18 hi folks so we're back just a ton of questions and these are questions that i really want to answer all of them so i don't i don't want to take too much time now silver is also pulling back silver's down 89 cents at 25 27 we're talking about this the other day i said there could be a quite a sharp pullback here we're looking at hydrate copper also that actually that one's really taking a dive that's gone from the five point i think it was oh six area down to low today of 4.49 that's that puts it back into the midpoint of the rectangle formation says out of all the different commodities maybe this is the one that isn't going to push to the upside quickly let's see i want to do the tlt oh i can't even look at it the tlt made a lower low today this is going back to the 13319 low that was made back in march april of last year screens up to that 155.12 area and now it's trading at 132.46 and that's what i was doing remember when uh tommy was having a little trouble with his internet so i quickly took over and i had the pressure of interviewing um teddy teddy keg stuck on wednesday uh and we were looking at and i said you know teddy i and he was looking at rates and all that i said if you look at that monthly chart that big arch formation here i don't know if he knows about my dreaded age has this lowercase h pattern and that arch says if it's if it breaks a certain point and i can't remember what it was at that time i think it was uh 139 that 13319 low that was made could be tested and here we are at 132.45 i mean this is roof yields i know what the fed's going to do it's been done for it in fact the fed doesn't have to do anything um so okay yeah they come the if i missed oh of course the dollar i think i did the dollar yeah dollar was down a little bit they're still near the highs down nine ticks at 99.01 remember the dollar is the um currency of respect all right that's all so it's where everyone's flowing because this is this is the best economy around uh the gold is the icon of fear global geopolitical fear it's my it's my interpretation and um when you go to the vixi index the vixi that is your your localized area of fear and that's market wise and look at this the the vixi is trading right now uh down 15 ticks at 30.60 so that's what i was saying that i thought that there was enough residual strength i just didn't want to go back into the diamonds for subscribers rather i thought why not try to choose stocks that are also in the triple digits comparable but better but but they have the potential not to kind of zip around under the radar i don't know if that's going to work so far it's working and uh the vixi index right now is suggesting that even with all the turmoil going on it's holding at a high because fund managers want to get in they want to be there they need that that precaution they need that insurance and they've got a trend in place but at the same time i'm treating it vixi dolly that's the dollar bondy we just did bonds tlt and uh goldy those are very important wait wait wait that wasn't their first oh crudy crudy uh crud all at this particular time crudy uh is trading down sharpies down 832 and 101 remember about three four days ago i said in fact i said to subscribers i don't have the courage to do it but this is a perfect time probably to go to the sco which is two times short it's up nine nine percent today at 654 but look at the way i mean it is so volatile you know if you put your stop in everything's okay i just do want to mess around and all but i think that this can go a little higher and then crude starts to form some kind of support that's the way i'm looking at it right now okay so we've got all of that out the way let's go from people that emailed me um first of all kep i think it was jason wondering about kep and that is at $9.94.03 it is called i forgot to type that in this is the career electric power company and look what it's done so what he was saying was that ewk is it it can't be ewk ewk no i'll check it out in a minute that the country itself that the etf fund was dropping sharply and look how this is gone from this doji candle what it always has a little tiny candles but it was a doji candle low on the 28th of january at 840 and it went to friday's high of 10 uh did i say 10 i should say 10 uh there it is of 10 07 straight right now down at 993 down just uh four ticks so uh the question was should have had that question already i thought i did let me just see if i can find it quickly because it's a really good question because you want to be looking at what's working there you go hi basal can you look at kep career electric power corporation for a long it is the largest electric utility in korea and pays a big dividend i don't know anything about the financials but the stock seems to be in a leg b monthly and acting well if you check out ew y ew y ew y it's the exact opposite thing you're correct uh that's the etf career etf is going straight down while kep has been going up thanks best jason so jason i love your thinking here um i i still feel rather strongly about going out of the us with all other problems that could appear um especially if you're looking at a dividend stock you see what you're doing is you're looking at the dividend and you're looking at it as maybe secure but you're also looking at a career you're looking at a country you know there could be tensions there at any time as well so on the one hand you're looking for safety on the other hand you're just putting yourself right into the hotbox so i'm just going to say i would not get too carried away but as one particular position that produces one particular set of results in this and i think that dividend actually is fairly safe because it's a country um electric power course of that they're probably going to even if they cut the dividend it's still going to be a pretty good dividend for a while that's just my thinking so what i would say you asked me where well key support in the 200 period exponential moving average and the 14 because the nine has already gone higher is at 966 but if you asked me i'd prefer under the 200 period moving average because it's starting the zigzag between look i've got a propeller shaft with the with the 200 period moving average in the middle so up and down and up and down so i would prefer halfway into that that lower part and that's at about 941 now to get from 995 to 941 that might take that might take a week or so but if you're asking about a dividend stock if you're asking about being looking at it as a safety factor i don't see the safety factor but i do think that the dividend will be fairly safe so that's a contradiction in terms and at the same time you asked me a question where would where would um where would you probably look for support and i would say you could do two things you could start a position at 966 add another position at 941 and hope you only get one and this goes from the pulls back to 966 and in two weeks time it's trading at 10.20 that's the best case scenario you don't get the second one i prefer that you don't because it goes all the way down to the 940s that says you because staying this lower range and have a lot of resistance for money so that helps you create you next thing you want to look at is cf which is cliff are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the tiger's den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day subscribe to the tiger's den risk free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors you could be making money off the stock market and if you're already making money off the stock market you could be making a lot more check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future go to tfnn.com and find the newsletter for you whether you're into trading gold metals futures currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's tiger den trading room trading software and educational webinars for all trading levels and make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content from 8 30 a.m. to 4 p.m. eastern on market days stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including godly's abc's butterflies and much more the art of timing the trade charts 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 seventy nine dollars a month we are so confident that you're going to love this new charting software that will even give you 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 charts 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 uh yeah folks we're back and i just want to say yes uh um jb uh my i also had a trim flashing high and i had a trim flashing high on friday which meant travel wave trim gauge it's actually richard alms trim gauge but i call it the travel wave because i only use it one particular way it's just the numbers that i use um the flash to say that there should be a 90 at least a nine to 11 point rally in the e-mini of uh within two days and that's going to help the market to ready it's kind of what we've seen and we've got it again today there's still a little bit of strength there so let's go back we're looking at cf which is cf industries holdings ink that so it sounds like the um dow industrial uh this is too many too many words here look it's like the iyt which is the i shares dow jones transportation average index fund too many words too many words all right so cf trading at 95 72 down 34 cents this is a little bit like the um like the patterns that we've seen in all of those commodities whether it's not as bad anywhere close to the crude oil or wheat or anything like that but it is pulling back i like this hydrogen nitrogen products for clean energy fertilizing i mean it's got all the cool things that you want uh cf industries now let me just check we once had it at 67.99 and we had it at 70.71 kind of a break-even trade and uh wow and now it's 67 70 is 30 points higher than when we initially had it um i like it and i think i'd like to get back into it but here's the question in this particular environment it's one of two things is going to happen either it is in such favor it is so desirous that it actually doesn't give you an entry point to get back in but if you're nibbled here let's say you're out you're in it and you're out i think a number of people say we're in it we're out uh what do we do now or they've taken quite a bit off what do we do it at 100.52 dropped to 85 i mean that's 15 points it's 12 percent or so a decline just whoops in two days and now it's back again up at 95 37 now if you have to start a position here if you've never been in it and you're starting fresh that's different to when you've got a kitty because you've got a you've already made gains in it and now you can give a little bit of room but if you're fresh and you're going to go in at 95 25 all it has to do is retest the low that was made at 84 70 on the 9th of march and you're down 10 but if we are looking at something that is in a leg d in the weekly chart and a potential could be an alternate count and we do this is the monthly chart you want to see a big picture of this and look at the look at the way it moves up it may peak f high back in uh 2011 in 2013 it went to an e and then in rallies where it goes to a peak do you remember d e and f you've got to be real careful of and d comes in and it sells off back in sort of junish at about 69 or so and it pulls all the way back to 20 i mean and then it rallies back up in a cup formation and i had this as a left side right side price time match with the fulcrum right here right here and that's it to me that there's a good chance that this thing could rally and it could rally in the same time frame to the same time price of that high that was made uh july of 2015 the monthly chart of 70.32 well lo and behold look what it did to the exact week it might be a week or not it's the exact week it went to what it went to 74 77 it pulled back for one week and then it screamed to the upside so guess what i'm saying if you're fresh to this you're getting in on a purely technical basis and now i'm not talking fundies i'm not talking about it's in the sweet spot i'm saying just purely on a technical level if it's the first time you're in and i said to you start a position here at 94 56 and maybe you have to have two three positions maybe you just start a little position here you add a little more at 88 83 if it ever gets there that's the 14 period expansion moving average in the daily and then you just have an outside thing that says you know what if this thing takes out 85 and goes to 83 that would be my third position personally i would like it to that it got two positions i don't want to get to the third because although it's you dollar cost averaging in something that should be a viable instrument hydrogen nitrogen products clean energy fertilizer emissions abatement what else could you want it might not do it on the other hand if you don't get in yet 94 48 now it's down to dollar 69 see what i mean i quickly these things are starting to move and it suddenly you're looking at it at 98 and you say oh my god i've only got a little bit oh i i didn't get in i was waiting what should i do now your risk reward is way worse what if it makes a new hire 101.53 and i'm saying hey there could be a leg f the magnate's cup of the stochastic is only at 80% is sort of 93% and the weekly chart still looks fantastic so i'm outlaying for you what a lot of people have asked me the question of for stocks that have done this sort of thing so all i'm saying is what i would do is if you have been in it and you've got a bit of you've got some profits on this pullback here i think it's going to go another couple of days that's where i would start my latest position it would only be a small starter position because this is a chapter made roman candle but a green one and it's closed with the third dad and if it's going to close but if it closes for a third day above 99.62 this is the chapter of roman candle this is the inverted roman candle at the high all-time high so it says that the closing price of that candle of 92.34 that has to be key support if it takes it out you're going to go through the whole prices as if it was a red candle because halfway into this week 87 below 87 says it could touch that last of 85 so you see what i'm saying it's so on the fundamental side i think it's in the sweet spot on a purely technical side i'm saying it's kind of overboard but overboard stocks can get even more overboard so what's the answer the answer is i'm going to say in this area between 94.70 right now i'd prefer to wait another day or two take a chance wait a day or two i'd rather get today's lows 91.50 i'd much prefer to start my new position closer to 91.50 under 92 and i'm just going to leave it in that if it goes higher we have to have a different strategy next question was moz moz is a number of people ask the same question actually before i get to that um pa w in the tiger youtube says basil steve talks often of global flow of capital with 10 year over 2.1 percent this could be a tailwind for big inflows ultimately seeking higher returns of equities no so what i'm going to say to you i like that's the kind of thinking that's the dollar is telling me that our economy is still very strong and as one of the stronger economies money is flowing into the currency preference which is the dollar the icon of american security because so far we're not doing about six months now we're doing about right now and i think if there's games i really don't need i don't want to talk about it if i have time at the end i might talk about it and that's the ukraine thing other than to say pootin yeah just i'll talk about it now look pootin and when i'm talking crude oil who could happen back in back when he invaded georgia august the first of the trough of 2008 it was just 12 days and we don't plan pretty invaded prime year february that i want five thousand crude oil few weeks later plunged are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clearwater markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments.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 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 so folks the next one is mose uh mose the mosaic and others that mose in in uh great britain this is a mosaic company down 57 uh down a 57 20 off 4.72 this is making the dreaded age pattern here again i think there's a little bit more downside and how all of these start this is a phosphate uh potash phosphates fertilizers the mosaic company how it tests if it does the low that was made at 5290 so looking longer term personally what i would recommend is try to buy a call just like june or august go really far out just because if it's going to work it doesn't i'd rather hold it or you could you could rotate you can you know you could you could move it for month to month but i would just i'd go out a little bit at least to april or may and i'd get a call and that's one way and then you got all the patients in the world you can wait and see how it tests chamois roman candle of uh the ninth uh hit the 14p moving avid hits it once there's a chance it's going to try to hit it again if it closes under that it says now you've got resistance on the upside i think just i would give it just a little time see the dows now up 345 is trying its best to hold a rally sdbs up 28 and that takes me to the next question of course uh spy so the question where would i get in on uh mose i'd probably try to wait a little bit i'd have patience as to 57 maybe start a position if it can get to the 50 54 that's your starter position wait for another one and then i think um over a period of weeks we'll see whether or not it comes back into um something that is really a target area a sector of of of demand so sp w sp y v that's the volume of the um sorry that is the yeah let me just open this up this is the s and p portfolio spider fund and this is the value v for value and it made a peak see this is the other reason why i somehow i still think that 2022 is going to see the higher price is based even on this is the value yeah look at the s and p cash the s oh no let's go to the let's go to the spy which is the the trading vehicle for the cash see that's still holding pretty long three months since the high and we're still trading at 422 so either we just get this horrible news and we collapse from yeah this means we've only just started the bear market this is going to be i i'll talk about it later on maybe we're not doing time show i'll talk about a little bit more but in the meantime sp y v i would say that if you're in if you want to be in this kind of big cap uh etf i would say the v is way better than the y i would go spy v yes and sometimes you're gonna the spy will do better sometimes the value but overall is holding above the 200 period moving average with the spies underneath so yes i like it better next question oh so so this question about inflows um i i like the concept and i know steve does it in a really nice nicely articulated way uh he looks at all the different in different currencies it looks at different things so i i would actually ask steve that question because from my perspective i have to look at something else to say that i have still not got that climactic coda phase that i'm looking for with everyone at schwaab right now schwaab is up whoo five percent four percent that 83 52 uh in a leg b but it really has come down sharply from the 96 24 double top down to the uh 74 area 73 74 and it leaves a lot to be desired in the weekly chart but that monthly chart says you know what's the big deal it's just a bit of a pullback and i need to see how schwaab is acting in three weeks time if schwaab is down at 60 67 65 that just that's really negative that means something else but if it's holding here it's at a pretty decent rally and now it's giving back all of that rally but it's not only goes to 74 area and the iai which we are still long from 45 um is holding in 98 44 did it 116 weekly chart looks terrible but the monthly chart is having a deeper pullback than uh then the actual spy that we were looking at if you're just looking at monthly charts so this is the one that says to me it's up at nine up a dollar 81 today i want to see the entire i share broker index at some point in the next three weeks try for the 101 to 103 area to use up time on the upside and then it can come back down but if it can't rally in the next thing we know this is at 87 that's a big negative so yes i think that's part of it so the answer to the question from part w is i i can't speak to it in steve's terms i can speak to my own terms and i i although i'm really nervous about what's going on because i look in the den i don't know how accurate it is but there's a report that russia was set up a banking system in iran that will allow russia and iran to translate business and avoid sanctions placed by the usa europe and other countries and then it goes on to say and of course iran is negotiating the oil deal i mean this i don't want to get into it all i all i think is that prudent is at this point he's showing he's a lot smarter than a lot of people uh vicious ruthless but in his own way he's he's manipulating to be able to at least do what he set out to do and he'll stay there and i was looking at remember 12 days in georgia five weeks in uh no was it uh wow five weeks in there it is okay and then we go uh five weeks in oh cramia of course cramia and now it's already going into the you know before weeks soon so what we're looking at is that what happens this is different to every other time this time you've got the crude oil much much higher and holding in the very high range you've got wheat still acting really well although it's pulling back like we discussed from the chaplain wave roman candle remember roman candle it's up a little bit up 16 at 1122 look it did go into the 143 moving average now it's to try to try to find some kind of a base so the fact that we just saw this is different and not only that the whole um monopoly of um dead you know if you have a red line you say this is the the line and it gets crossed and you don't do anything then you have to find another red line i mean we know that from kids you know if you don't know you know and kid doesn't you don't uh follow through well there's a little problem there so uh the analogy might be a little weak but it's kind of the same thing what we're looking at there is a question came in about vlo vlo so they're all doing the same thing so valero whoa they're not all doing the same things valero energy oh i had this i you know i've notated this maybe 20 or 30 times i'm doing my daily weekly monthly over the years and somehow every once in a while i'll lose the date i could get it again but let's just do this so valera is holding really well is down seven cents at 91.60 it's still so valera is in a different part of the oil and energy sector i like this very much now the question is what about well i have to do this hi yeah yeah i'm all right all right you've got a break coming up i've got valera to do i've got um okay and then there are one or two stocks that came in here and i'll talk about them all sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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 in 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 secured investment which pays you on a monthly basis the target first mortgage program may be the program for you the best rate on a five-year cd in the country right now according to bankrate.com is paying one percent per year or one thousand dollars per a one hundred thousand dollars invested the target first mortgage program pays seven percent per year paid monthly on secured high value buildable properties in st. Petersburg, Florida the investment is for four years paying seven percent per year or seven thousand dollars per one hundred thousand dollars invested your investment is secured by high value real estate in st. Petersburg, Florida your investment can be anywhere from one hundred thousand to five hundred thousand you want to make one thousand per year on a hundred thousand dollars invested or seven thousand per year on a secured tiger first mortgage the tiger first mortgage program may be just the program for you the tiger first mortgage program pays seven percent per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 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 let's do this quickly we've got Valero which is trading at Valero is trading at 91.41 and this has a rectangle formation and at 91 it has a 10 point extra to go to for that rectangle formation lopsided gravy cup and we're looking at some yes some kind of digestive phase but my target would be the hundred left side high that was made back around about uh what was it november 2019 yeah november this is november of 2019 it hit 101.99 how could it miss uh 102 like that round number all right 101.9 and the key support level at this particular so what does do is mark manufacturers and mark it's a marker of transportation fuels in the petro and chemical and power area so there's a potential double top right now it could have a short-term pullback from the 1973 77 high of the 11th and the high on friday was 93.62 isn't this unbelievable how many times you've seen these double tops so unless it spirals up quickly and gets to 94.50 and holds there for a couple of days it's got a potential a little bit of a double top so i i'd say if you're in it staying along i wouldn't touch it it's looking really good but at the same time if it does start to pull back the whole area between it's at 91 the whole area between 88.10 and 86 is your first key support level and that's where if you aren't in it i probably say you're gonna have to wait just a little bit to try to get it there or you're gonna have to go in now with a smaller position with a wider stop so we're about to wrap up i'm gonna be doing the tom of brine show later on i think i did everything that i wrote down yes yes yes yes one quick question came in here um yeah so it just says as you always say ignore the news i'm ignoring the news to a certain extent but i'm not ignoring the fact that at any moment negative news can come in based on the war that's going on and is it a war really or is it is this an invasion because i don't know if Ukraine sent for one bomb over to the russian side