 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. The pattern that we're looking at right now just on the very short term shows you just the whippiness that you've seen from this morning. The futures last night really, everything was priced to perfection last night. When Apple came out with this news and advanced micro devices had really come out with this news. Simes was soaring. The Dow suddenly picked up strength. The futures in the NDX100 had tanked because of Google and they were soaring. I thought to myself, wow, is this one of those chips that we see every once in a while where you see everything just, if you were short, you think, oh my God, if you were long, you're thinking fantastic. I should have been 300% long, et cetera. And now you've got kind of a look. The futures up three that you've been all over the show, the hike today has been 29.61, 25, and the E-mini and 29.47, we're trading at 29.51 towards the lower NP, sorry, peak F in the two-minute chart in the Chapman wave on the E-mini peak D in the five-minute chart and only a C in the 10-minute chart, but the others really are dictating everything the shorter term. So let's just get to the nitty gritties. The dollar you can see, sorry, the crudal right now is down at the lowest, down at $1.11, making the H pattern after peak F in the chart. Maybe I should just do that. We did not put it. Oh, let me just show you this. Chapman wave we're always looking for this particular pattern from most obvious lowest low, you count many four higher peaks at peak D, the fourth highest peak is where other things can happen. You get an instant restart, you get a whole bunch of other things, but that is where often some of the deeper declines occur. Yeah, you got your peak D and a three-bar Chapman wave instant restart pattern, but it did continue higher and then that M-shaped pattern in the MACD and the daily crudal did not confirm that peak F top, sixth highest peak at 66.60 on the 23rd of April, and the stochastic was much low, unbalanced volume immediately turned down. And now I've got to be a little worried about this H pattern, the lowercase H. That's what we look for in patterns. It went right to the 200 pre-moving average in the weekly chart at a peak C, if there's no new high this week, recovery high that is. So I'm watching this very closely because the techniques are still very strong in the weekly chart. My suspicion is that the 61 to 60.50 area is really going to be the test. That's going to be a test of a lot of things. Test of the general market as well because it's kind of followed crudal and the markers have been getting up together. Let's get back to our little story here. I'll do this in greater detail. That's what I was asked to do because that little brief tribute that I do is an update at noon. There's really just too short to go into all the different time frames. Now peak D double top. Look at the failure pattern in the MACD. Look at the stochastic way low, but the unbalanced volume, the blue line has pushed much higher and the regulatory strength is lower than it was at the peak D, but it's pretty good at about 63%. So I'm looking at this and I'm saying it better be perfect what the Fed says tonight this afternoon that is because if there's to be another move to the upside as if it's the start of another, a breakout pattern, you want to see the doubt in that. Let me just show you this for a moment. Look at all these resistance levels at 26,000 all the way to 26,918. So there's a lot of resistance, but if you look at this particular chart right here that I show my subscribers to my opening call, look at the 120 minute chart. I don't think I've ever seen as many. Now you need to spike above all these 26,600s, 1,2,3,4,5,6,7,8 about seven or eight resistance points, but only two at 26,427 and 26,438 are the support levels. So this is going to be a very important maybe we might just go sideways. I don't know, but I'm thinking this is the most this way you can expect the most volatility and a peak D probably forming in the 120 minute chart, but it didn't go higher. It didn't go up above that arch formation. So that is good. And if I was to do a support levels 28, sorry, 26,006, what is that? Well faint, 26,583. Just watch that level on a very short 120 minute basis of break under that would say, oh, we're in for at least a pullback coming in. And that's really what I'm looking at. Okay, let's get on to our story. The weekly chart is still fabulous. The Magdi's good stochastic is flat at 97%. 97.2, it means a dollar each and you get to 100%, which you never get to. I've never seen 100% in the Magdi, sorry, in the stochastic. So this is flat and good. It just is could be a pullback, could be sideways, could go down to say the 26,310 level again, maybe even take a little more time. Another week, make another cup formation this time with the lower left, higher left side and lower right side instead of the lower left, higher right side, all these cup formations really important. One of the things I want you to look at here is that the monthly chart hasn't yet extended that leg being to May because May's only just begun today. So what happens in May is going to be very important. And today this afternoon could be it, that it goes to 26,696 and we've extended leg B, gray leg B still in the monthly chart. The S&P has made an all-time high. It did it again today. It's trading at 2949.07. This becomes a new leg D. Let me get rid of that because that was from yesterday. The G slash C has become another D. That is really good with a Chapman wave. I really don't have time to talk about it much better than I might. If I have a chance, I don't think I will. This is what I call a Chapman wave, flat base, unconventional restart. And it says that no matter how high you go, if you keep coming back towards the top of this bar right here at about 26, sorry, 29, 18, there's a good chance that when you make your top, you're coming right back into the 2900 area. I'll do it briefly. That's what I'd be looking at. If this is the pattern I'm thinking of, but the stochastic is at 93%, that's still good. And the magnetic is flat and good. It's going to take some bad news event. Just don't see it on the horizon right now to really smack it down below 2931 and then 2922. All right, here we go. Weekly chart still very strong new all-time high in leg C. That's very positive. And a V-shaped pattern with an all-time high on the right. I'm going to talk a lot more about these V-shaped patterns over the next few days, especially Friday in my technical hour with the Chapman Wave methodology being a little more elaborated on. QQQ, 100, the NDX100 trading right now hasn't taken out the high of 191.32 May three days ago, but definitely that Google smack to the downside tested the 14p moving out for the very first time since it broke above it back in late March. This is a hint to say we're getting a little bit of softness coming in. So just be a little careful here, fabulous leg C in the weekly, fabulous leg in the monthly. Let's go to the IWM. IWM is the Russell 2000. This is going to turn it count. This is stalling. This is really struggling a lot. Yes, it's gone to a leg C briefly above the peak B that was made at 5950 back in March, the first of March. It's gone to a high three days ago of 159.61. I want to do just as we're about to go to the break. I want to show you gold. Gold is down $3.50 at 1282. I want to talk a little bit about this and chart patterns. I'm going to put up a nice green candle, but it hasn't meant anything lately for wheat. I'll talk about these commodity, the commodity area when we get 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. Headed by Steve Dahl, president of Taz Market Profile, the Taz Profile Scanner understands that in today's technological world, the use of top flight software applications, automated trading algorithms, and technical analysis expertise is essential to successful trading in today's market. Whether you're looking at the trade matrix, the ETF heat grid, the market breadth, the landscape charts, or the many other features of the Taz Profile Scanner, this is a piece of software that will revolutionize how you look at the markets and set up your trades. The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner which you can find directly on the Taz order page at TFNN.com. Sign up now for only $97 a month with a risk-free 30-day trial so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of TFNN.com today and you'll find the Taz Profile Scanner under the services section. Remember with a 30-day money-back guarantee you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows plus see all the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. I'm looking at gold and I thought all right I'd like to do gold, I'd like to do silver, I haven't looked at silver all morning. Look at that red can. Look at the harmony of these red bars. It's as if there's a program seller out there. Actually I don't recall seeing this. I've seen it green but I've never seen it red. Look at that. It's as if there's a program seller and every five days or so this program seller just says you know what I'm out of my silver. I'm done. I'm never looking at silver again for the rest of my life. I want to get rid of my 20,000 bars. I don't know what it is but this is just a terrible chart just making lower lows under the 14 period moving average the black line there. This is terrible. So now do we have an inside bar like we always have after the big red candle tomorrow and start to move up or maybe today there's a turnaround. It better be because and that would say that the Fed is talking about higher rates, lower rates, lower rates and wow I don't know. All I can say is that this is daily, weekly, and monthly are looking just horrible. It's going to take a lot to repair it. Let me look at Platinum. Double top Chapman Wave C1, C2. It's a lovely technique if you learned how to use it. It makes the top and it's turning around. This could turn out to be more an E than a B over there in the weekly chart. Not good. Let me look at Palladium. This is the Palladium Aberdeen physical palladium trading at 126.24 down 4.47 and there's that square, that rectangle that I drew a while back. I said you trade within the range and we went just above it, went back in it. Now just below it will we go back in it. I don't know but the weekly chart is not good. Well let's go back now. We want to look at the Euro, EUR, USD, EUR a dollar currency pair trading at, oh up nicely 1.1243, up 0.02, 3 good candles after the nice turnaround green candle of the 26 at 1.111.121. I like it in terms of the weekly chart. Finally there's a little bit of a sign that says the MACD is holding well. The stochastic, oh it's still flat at 20%. I want to see it rally. I don't want to see it flat. That's like when you see the stochastic up at the 97, 98% level and just not turning down at all. Also I don't like this. This is when I see this, this is the yo-yo formation. This is the formation that reminds you of six flags. You've got the roller coaster. I, this sine wave zigzag is not the pattern that I like very much because it just means it's going to continue rotating with the price in the same volatile rolling, it looks like rolling hills and it just says options could fail again. So the Euro needs very quickly to get to 1.135, sorry 1.135 and I'll say quickly I mean the next couple of days even if it pulls back a little bit. Let's look at the USDJPY. That's the yen. Yep it's pulled back equal amount. Looks like the dollar after the peak D. Boy these peak Ds are absolutely fantastic in the Chapman wave methodology. There's your peak D in the dollar. It goes from 98.33 to today's level of 97 where we are now at about 97.29, 97.27. That area, this is look at the way you've turned down. I got to watch this closely because now we're back into the range of the 97.35 to maybe even 96.80 area. So what happens with the Fed today is it'll be really important. Peak D maybe in the weekly chart and look what happened the last time. You had quite a whole bunch of weeks before you broke out to the upside. 97.71 was the highest week of the 14th of December. It tested beautifully back on the week of the 8th of March. Couldn't break it. It went to 97.71, had it pulled back again and then boom goes right out of it. So this is going to be very important for the dollar. So that's that area. Now if you want to look at this, let's just do this dust width. That's the region itself is trading up at a quarter of at 435. That is after yesterday's low of 426, round number low. So that's a potential but the flat stochastic says, it's going to take a lot more than that. Soybeans down seven, three quarters at 846. We're out of that fund. We just got out. I'm not interested in messing around with agriculture right now. Maybe when they turn around and this is the corn. The corn was up a little bit before. Now it's up at 1.3 quarters at 364 round number. Yeah, just making a leg B. This is the one that's a little bit better. Not great. Oh, okay, we've done that. Now let's do this. Amazon trading. Remember yesterday we talked about Costco, Target. What was the other one? The question wasn't Costco decided to include Target and Walmart. So Amazon has just taken so much from everybody else but it hasn't made an all time high. 2050.50 was the high of September 2018. Plunges down to round number 1307 low in December. Had a spectacular move to 1939 right now. It hasn't quite taken it. What I think what the Fed does this afternoon is going to be really important. Everything I'm doing now is sensing that there's a tiredness now to the market. Even some of our positions have been very fabulous. A fabulous run to the upside. They're just starting to look a little bit tired. And I need to show you. I don't mind because you've got to get my newsletter to be able to get in the correct position. So we're going to peak here 242 in the IYT, the Transportation Index fund. And straight right now at $192.87. Down $7 from that high. Almost eight. But it still looks very good in the weekly chart. We'll see what happens there. IAI, which is the broker-dealer. Very sharp move to the downside. Down $7.8 cents at $6305. But it hit $64.12 with a two-bar, haven't we? Two-bar reversal yesterday. Bankies very good, but turning down. Stochastic's excellent at $90.80. So I'm watching this one very closely. But it's sad. It was getting a little bit tired. Look at that cup formation. Breaks out and then it can't hold the game. I'm a little worried. That's all I'm saying. Right now in the very short of leg D in the weekly chart, you can just go over these things one by one. Now, what I am looking at that I think is kind of intriguing is that Apple, look at this, Apple went to a leg D. Look at all this today. I wonder if I can find it. I'll try to find it. It's just so interesting in the Chapman Way methodology what these Ds can do and where they occur. So Apple spikes to a high today. All-time high, sorry, recovery high. All-time high is $230, $347, peak D in the monthly. So we've pulled back very sharply to $142, almost 100 points, and now it's running very sharply up to $213 after the news yesterday. So this is very good action. So this is a D. Let me see if I can find that list. I'll show you something very interesting. Let me see Dave Wright posted it earlier to the down. There we go. Let me just see. Maybe it's just anything to do, but it is fun. Who is the list? Okay, so SMG. SMG is Scott's Miracle Grove. It's in the right area. Seeds, gardens, cannabis. I mean, everything right. This is the shovels, the picks and shovels of what you really want to be buying, probably in that whole area. So it's trading at $90.47, $545, and a high of $9449 this morning. Any what? A gap up the D. I couldn't even tell you how many stocks have just come out with that same thing. LLL stock, I actually want you to put in my newsletter. Oh, it gaps up to an F. That's important L3 technologies. I'll be right back. Now it's only up nine SMGs now down. 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 and 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 it anytime during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30 day free trial today log on to TFNN.com now. 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 Gartleys, ABCs, 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 $79 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. Hi everyone we're back so I'm looking at Boeing. Boeing is up at $1.99, $3.79, $6.88. I think this Boeing story is going to have to it's going to have legs. I think that there's something going on that is really not good so it's more how it impacts earnings. I think this is the first time you're looking at Boeing. I'd said this quite some time ago that I thought Boeing was likely to be making I don't know who knew anything about a crash. Come on let's face it but what a second crash. But I'd say that I think that Boeing has a serious problem in terms of the chart formation and that there was a really good chance as it was going to those highs around about the 440s that it would come back and retest the Chapman wave of the body the arch of the body at 394.28 and that if it took it out be careful because the longer it stays in that body the longer it's going to be consolidating. I would not be surprised if Boeing just goes nowhere for a while. I'm not sure it's going to break down and once again get close to the 363 200 premovie average but I do think there's enough bad news out there that it could really impact them and you know that there's some competition not all that much but enough to make I think Boeing pretty nervous. I think upside is limited I'd be watching it and that's going to be a part of what impacts the Dow as well. That's the one thing. The other thing is I want to look at you what was ITA, ITA. Is that ITA? Yeah that's the aerospace I prefer to go to PPA because that's the one I do all the time. That's gone to a leg E as we speak right there is D and now I'm going to put in the E. I don't think that now it's on instant resorts and E. So here again we're looking at extremely a beautiful beautiful set of chart patterns daily weekly monthly and this is the investor aerospace and defense remember it includes aerospace as well sorry defense as well. So this is saying it's at an all-time high just she's got to be a little careful here. Next question I had was right just go to the den question right here which is get rid of that. Let's just look at copper, HG, HG trading oh oh pain. What was it Elizabeth? Elizabeth oh you know who was the guy? Sanford? Sanford? Sanford yeah look at this copper is down 3.41% no this is not good oh what is the fed going to do today because I mean this is part of your inflationary aspect they need to get inflation they're off inflationary thing I mean you go to the supermarket there's inflation everywhere so what's the question? But isn't it interesting that from the time Trump began his presidency to present steel stocks have gone straight down do you think they're a buy? So I did this in my webinar I spoke about it I said not yet not yet not yet let's wait and we're still going to be waiting I'd still be waiting right now at 38.11 on the SLX the VATVector Steel ETF let's just hold it hold it hold off a little longer I do think it's going to be a buy in fact it has to become a buy in the big mega move that I'm anticipating later on but I'm not putting into that category just yet that's still now isn't that interesting so what you said that since Trump got in so Trump got in November the 6th 2016 wasn't it 16 17 16 I mean a time flies so 16 let's go to November yeah there it is okay so yeah it hasn't done very much has it that's gone from the 30 area to the 51 oh mine that was good 51 isn't it back down again to the 30s turning right now 38 11 yeah just have patience it'll get there now the other thing that I want to do a deal with right now is I want to talk about some of the look the IBB I had a question about the IBB recently and I say you know just lay off for now in fact a number of people who have actually talked to me about the stock market they say what's happening to the pharmaceuticals and the biotechs and I've said just as long as there's a political aspect to it just keep keep in mind that it's kind of had its day in the sun if you look at Kenmore Square here in Boston the whole MIT area messages in student technology where they kind of have combined programs etc with some of the biggest biojournal these others I think that they they they're paying for people that just it's unbelievable the prices that they're paying to get new people and what it costs them and to put them up and all that and build offices etc and if you go from 122 to the 80s and then you're ready back to 116 and now you're back at 106 I think just take it step aside for a little while it will be back but just in the meantime politically I think it's just expedient to stay away you look at the PPH that is the pharmaceutical ETF it is called the van where is it where is it oh what happened how many times do I have to notate this and I don't remember my my being pushed offline so I don't know why I've lost those charts they there it just moves from one folder to the other and I'm going to redo the darn things yes they made a PD in the pharmaceutical area the venect vectors pharmaceutical ETF made a PD at about 65 ish and now it's and we've pulled back sharply to the 54s and now it's trading at 58 just I I can just be careful there's so many other areas that's another question question I had about Ford Ford was doing very nicely recently it's just gone to a leg D right now gaps up on some other earnings news gone to a D maybe now it's going to pull back a little bit I love the fact that Ford is doing nicely I want to see make an automobile companies do well let's see what GM's doing GM Ford is trading at 10.37 down 9 oops that's what I wanted to do that is a plus sign so a GM right now so it's had a fabulous move from 748 ish up to today's high of 1050 wow that is really a very nice move general motors general motors is made a peak D in the chapel wave in the daily peak D in the weekly kind of consolidating but it has gone from the 35s to the 40 area and now it's trading at 38 for digesting against Syria I want to look at Syria because I mean I mean most of the cars these days I think I'm not sure but have a chance to have Siri just better embedded and then people will sign up and of course they've got this terrible bookkeeping I don't know what they do but they charge you all of a sudden they raise prices from the some six or seven bucks a month or 10 bucks a month to 9.95 I think it really was to 24 something other throwing in a whole bunch of stuff nobody wants and now you call them up and say I'm done I'm done with a serious XM satellite what can we do to keep you hold on hold a second I'll call my I'll call my supervisor and of course they put you on hold for about this couple of seconds not doing anything because the script says if they say then I want to read up and just tell them okay you can come back again for five or six dollars with tax a month so I don't see anything yeah pretty because it could be a great idea but think about this you pay for your Siri you pay for your Alexa you pay for a prime Amazon Prime then you pay for your Netflix Jesus can really add up after a while I think there has to be at least one company that just does the whole caboodle we'll see what happens there next thing I want to look at here is within the context of the different sectors the IYC we spoke about yesterday because that's how I've gone to Amazon Amazon is part of it hasn't made a new recovery out to 1833 and the higher ever there was to 1828 this is about 15 cents of the day is young leg D in the week I think some of these are getting a little tired and just need a breather I'll be back as a chapter that was up 18 SMB if you're on the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. Petersburg Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfnn.com don't let gold's next big run pass you by sign up today are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear ETFs china a shares in either direction visit direction investments dot com 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 8664767523 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 for the latest market information so it looks like some bad news thing suddenly the dollar's down six and sdb's down three i don't know why look at the ee many remember we had that cell signal at a peak f top in the two minute chart just before noon and then it just look it hasn't even gone back to the pink line the nine-period moving average it changes to pink on the way down and and that is at 294665 is at 294425 trying to find some support here peak d in the two-minute chart this is but anything can happen between now and one o'clock and two o'clock on an hour and a quarter to go and then the feds news comes out so this is what i'm looking at here the couple of questions came in and bev and bev you know i the reason why i'm kind of avoiding these guys right now is as individual stocks rather than just to have the etf is that i prefer just at this particular moment because you remember they this is like an ipo it's i mean let's face it this is a brand new sector in the stock market and even though this uh i'm talking about cannabis has been around i mean i remember back in south africa when i was growing up uh it was called dacha da gga it was evidently way more potent than uh most most countries i don't know why that's what they said i know i've never smoked in in my life i just i was an athlete not just have never had any desire whatsoever to take even a puff of anything so that maybe it's my my problem but it doesn't matter i'm just talking about this as if i'm an outsider looking in so new age beverage corporation 518 right now down 22 cents uh so the question is high battle four days ago in their gap up to date gap down what is your opinion on how to play this through the next few months i have a stopping place at 4.87 you know i don't disagree with you um i don't i know that you got in it you got in pretty well i can't remember now you don't say what you got in that i think you got in around about the 470 area 480 i'm just i agree with everything you've said now if you're looking at in nbev new age beverage because you know something about it on a fundamental level i can't even go there i know nothing about it on a fundamental level but on a purely technical level what i'd mentioned a little while back is if i was looking at this and i thought what is this i would have said this looks like the old biotechs in the old days where they just this is if they there's a news they put out news report every once in a while and the stock spirals up and usually that news report when you're going to in depth you find out that you know they had to pay their uh their ceo or their whatever it is salesperson and the way to do it was to give stock and have the stock really skyrocket probably the person sells it gets out and gets a salary for that particular three months i have no idea i'm just saying that's that's the way it looked anyway and this looks the same so this is news related and i suspect at some point the 9.99 all-time high that was made back in um september i think it was of last year i think that's going to be hit what are you doing in the interim period well you've got to stop it at 4.80 i would probably say you know what i take a slightly i'd have two positions one is your 4.80 stop but i'd have a little position it just says you know i'd put it into a draw and just wake me up in six months or a year just wait have a little bell go off and it's 10 $10 and 50 cents and that's just the only way i can do it but if you're looking at me saying what what do i expect i think this trading range is starting to get smaller and smaller and the big the big gap that you had from the 4.80 area all the way to the 6.63 or so level now smaller now the range is the five dollars to about 5.60 and the moment you see the start to trade above if you have not been stopped out you see a trading at 5.68 or 5.72 i would immediately say some part of that position has to have a profit motive in it and i would raise the stop i'd raise the stop and say if i get taken out of that i can always put it back at a lower price i just don't want to go through the ripiness again but some part of it then because you like to obviously like this particular stock i keep it i think it's going to one day i can tell you now based on the chapter of methodology it's a little late in the in the cycle but at any point if this is trading at a halfway point at $7.30 on a weekly basis if it closes any week at $7.30 there's a real good chance it's going up to the nines and even higher that's that's just the way i have to look at it but you i don't know how you trade it short term it's really tough all of these well i was asked about gwph which is gw pharmaceuticals look at that on a smaller basis it's had the same thing for the last uh nine ten weeks it's just been in a trading range big trading range 150 to 180 hey but think of that as 1.5 to 1.8 it's almost the same you know you're trading even bigger percentages so um that's all i can say now the next thing i had was okay yep the semiconductor index said advanced micro devices has a great move it said now the the estimation is at 160.64 the hike today is 117.88 all-time high is 120.71 it is 113.49 the other day it bounced AMD comes out with earnings yesterday great everything seemed to be just wonderful it gaps up it gaps up and it goes today the high is 29.15 but actually i can tell you now so yesterday it closed at 27.63 i did see it up with dollar 80 inch a day into evening after the bell and it spiraled so great you know it's not it's up 17 cents it's the exact opposite of what you're looking at uh in that um in bav look now you've got a trading range this trading range it's gone even smaller now and i'm just saying to you right now if advanced micro devices which i think it's going to do starts to trade under 26.80 i should say closes under 26.80 there's a good chance it's just made a short-term top and it's going to have to digest the peak e gains in the weekly chart so i'm looking at this and what the Fed does today i if it wasn't the Fed i would say very confidently right now i think that there's a tremendous amount of resistance upside and that resistance could in fact impact the upside but you never know because if the Fed comes out and says we're going to drop the rates a half point i'm not sure why they would want to do that but everything's on on what what do you want to need to do it for right now i mean everything's working i'm not so sure why they would do that but if they did say there's a possibility but we want further data we data influence like janet yen and you used to always say i'm data influence um let's wait for that i i just i this is something here just tells me to be a little cautious not something's telling me to be a little cautious but if the Dow closes the whole market is often instead of being up 150 in the Dow 20 points in the evening if there's a reversal to the day's lows then i think it's going to put i think it's going to put a damper on the market at this particular point remember rectangle formations last a lot longer than you anticipate and if it happens so it was the upper end of a range usually you break to the downside so it makes it really important that advanced micro devices goes to over 29 95 goes to the 30 area and it does it within a couple of days and that would be very positive i would admit immediately so we've got one more break and then we've got the end of the show remember check my opening calls my daily newsletter very comprehensive um this is a very important moment we've at right now you're going to be even looking at the xlf in a moment to come back and talk about the xlf leg e this is where you expect some kind of a pullback i'll be back 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 and p 500 for the last 12 six and three 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 newsletter tab on the homepage of tfnn.com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of tfnn.com what are you waiting for 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 you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nico our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong 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've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of tfnn.com hi folks this is steve rhodes stay tuned for another great hour of the trader's edge heard here at tfnn.com my folks i was asked about nvidia nvda trading at 18257 up a dollar 57 it's really just filled in the gap it's made of trough a than a trough b the magnus store very weak the stochastics are 32 percent try to turn up but the weekly chart is really not bad at all but i do think that it's a little overbought on a short term basis and all it said to the question is that if it closes under 180 i suspect it's going to make the h pattern do a retest of the of the mid 170s it needs very quickly to get to the 184 80 185 30 area really needs to get there so you can try to test the 200 period moving average this is yeah again it's very important um so i i just think it needs more time that's really what i'm looking at for nvidia akamayo's question is akamai trading at akamai technologies there again look at that huge spiral to the upside goes to piki all time high at 86.19 except the trading right now at 82.13 up two i think that a lot of these gap ups are going to they're going to have to take a little breather that's my thinking regardless of what the fed does but it is a leg e in the monthly and that is very good uh techniques have improved a lot there are a lot of stocks like this so let me just make it real clear i've got the fed coming out in just over an hour that's going to be very important is how i think what they say it's how the market reacts keep in mind if the tlt the lemond 20 or t-bond fund trading at 124 15 by the end of the day is up in the near 124 80 or 125 that's going to suggest that rates yeah the rates will be lower but i'm not sure it's because the fed says anything about that i think they're going to try to mutilate all that they're going to be trying to show that they're very fair they're not listening to the president they are listening to the president they're not listening to the market they are listening they don't know what they don't know what's going on so i suspect they're going to try to say data dependent and we're going to see what happens next no change uh but there's a chance we might lower rates that might say something like that but i don't think they'll do anything maybe not maybe they do six points who knows anyway back in the ranch that's what i'd be watching the tlt stars to drop back to 123 45 from the 124 15 level that says okay uh rates are moving up a little bit uh and uh market just it depends if the gal at three o'clock this afternoon is instead of being up 60 points or more is down 30 points or more i think we're in for a rest just keep it like that make it simple have a wonderful day see you tomorrow and