 The following is a presentation of TFNN, The Tiger Technician Hour with your host, Basil Chapman. Call now. Call 3 at 1-877-927-6648. Hi everyone, Basil Chapman. This is The Tiger Technician's Hour. I had the pleasure of subbing for Tommy Jr. for this last hour for his Market Kickoff show and of course I couldn't do anything even close to what he does. He mixes the fundamentals with the technicals really well. I could just do the technicals and that's all we were looking at. So here we are, the Dow is up 27,000 to 35,941. Made all-time high yesterday of 36,009. Leg E, this E can extend. Now the big question for me is, has this recycled to a brand new buy signal to a buy mode? I don't think so. I think this is going to be a leg E, maybe goes to an F. You've got the diamonds. Now diamonds are already in leg F. I think we're getting close to some kind of a shorter term top and it just means a shorter term top, not a monthly or anything, just a shorter term top for some sudden bad news that flourishes and kicks the market down for a little bit. And then I think we start to go higher because stocks, when the market, certainly the Dow, when the Dow has a good comeback in October and closes the last week of October or the first week of November close to the yearly high, in this case it turned out to be an all-time high, then there's a really good chance that no matter what, even if there's a choppy sideways market, at some point the December close is really close to that particular high. We'll see what happens. As I always say, the day is young. We'll have to watch this closely. In the meantime, back at the ranch, you've got absolutely key support in the $35,700 to $500 area on any major turn down at this particular point in the shorter term, and that's major on the short term, that is. Not the weekly, weekly slow, very strong. And on the upside, if there is a close in the Dow above $36,130, that's really important because it says, hey, now my friend is $36,000. It's not just something I want to touch and run from, and that's going to be important. So I'm saying $35,900. It says to subscribers, it could be strong resistance. I'm watching this very, very closely. We remain along. We've got a plan that we would go short if certain conditions are met. Let's just do one thing at a time. And now we're going to go to S&P is making an all-time high as we speak, $46,25, $22, up 11, $46,27,31 was the all-time high today. It just cleared that whole $4,500 area that we thought $44,90 was resistance. Bam! We go right through it, and now $45,90 should have been resistance. Bam! Right through it. It's just amazing how volatile to the upside this market has been up until now. Now I've got a couple of things that I wanted to look at here, because I want to talk about this just momentarily. For those of you new to my work in the Chapman Wave methodology, we're always looking for from what I call an identifiable low bar. We want to count each successively high peak. In that context, we count the waves. The question looks like a sawtooth wave here, but it goes ABCDEFG, higher highs, but it's at that fourth highest peak that other things can happen. And what happens is in the Chapman Wave methodology, we go from a buy signal to a buy mode. The buy mode implies that you should go to at least four higher peaks, and then you have to assess to see what's going to happen. Well, we're only in leg C in the QQQ. We still have to have a lower high bar. That's the whole bar. You have to have a lower right side high, and that will give you your peak C. And then it's called the floating letter. And until it makes a peak D by going to leg C above whatever peak C was, sorry, leg D, that's where you start to say, OK, now we've got to be careful. Other things can happen. But in the meantime, the QQQ is acting well. The MACD is good. Stochastic said 97% fabulous on-balance form. It says, uh-oh, a little overboard, but the 90 is way above the 14. The price is way above the nine. So with that said, let's go to the IWM, which had a spectacular session yesterday. And even today is continuing high at 234.75 up 76 cents. And this is now leg D. Finally, in the rectangular formation, a long-time rectangular formation, a weekly chart of 234.53 in March of 2019. That was the week of the high of 2021. And it plummeted down to the 208s, ran up again, fell back, and now it's in leg D because that peak C1, C2 has finally got that leg D. And that is with a high today of 234.85. Now, when I started Tommy's show, we were fractions underneath. Now we're above 234.53. How does markets know after all this time, months from March to now, April, May, June, July, August, September, six months. And all of a sudden it goes to what? Within pennies of the previous high. Unbelievable how that happens. Now, does it continue here? Always is going to be a leg F turned down. Is there some kind of news? Isn't the election today that suddenly the election results scare the market? I have no idea, but we'll see what happens because so far at this particular point, everything is looking very good. Let me have a drink of tea. Got it. Lubricate the vocals. This goes back to when I used to do three days of seven hours at least of talking nonstop, paying the penalty there. I always remember Clinton when he was on the road and his voice started to get more and more raspy and it took him years before. In fact, I don't know if he ever recovered from that raspiness. So got to be careful, I guess. We're looking at the SMH as a semiconductor index. Now I've got a bunch of questions I want to get to. I'm going to get to them in a moment. So the SMH is pulling back from the injured day, all-time high of $279.77. This is going to be interesting. A 278 round number right now, up $1.22. And a V-shaped pattern. Howard closes above the $276.69. Previous high of August the 16th is going to be important in this V-shaped pattern. Maybe I'll talk about that a little bit more. What I do have to say is that we've got an F-slash-C in the monthly chart. Unbelievable. F-slash-C. I'll turn the count. I've got to keep that. I'll turn the count for now. And then we'll talk about what's going on. So let me just continue. Gold was down a little bit. Now gold is down, down six at $1789. Silver range, just stuck in the range. Silver is, wait, gold is at $1790. Silver is at $2359. Oh, this is a big move. Big move down. Down 47 ticks having hit the 200-period moving average. And remember peak D, the fourth highest peak. Watch out. This is that pullback from peak D. But it's still nicely in the higher range of the shorter term. That says, wow, it's gone all the way from the 28s down to the 21s. And now it's bounced to the just touched 20, 2480. And now it's down to 2358. Watch this closely. So this is a clue to say that money is really going more. When you're talking about commodities, let's just treat the Bitcoin as a commodity in a sense. And it's got a peak D at the all-time high. Oh, I forgot to type that in. Let me type it in now. 66310 was the all-time high back in, I think, April-May. And then it pulled back very sharp, just under 30,000, 28,000. And now you've got an all-time high of 68030. Oh, whoa, whoa. 68.030. And we're trading at 63560. So this, oh, I'll talk about this. This is a pattern you want to look at. But when I get back, I want to talk about the big set next. But you'll sell. I'll be back. That's what Japan does of 26. 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Now, U.S. bonds trading at 160, sitting right on the 200-period moving average for six sessions, broke down earlier on late September. That support was just pierced, bam, went right through it. Now it's become resistance, and that kind of fits exactly what we were looking at in the TLT, that it's gone sideways. It's running to have 25 cents in the TLT at 146.68. It is a peak C in the MAC, these goods. Asics at 82% on balance bonds, not good at all. The relative strength RSI is at about 53%. It's okay. But I'm just giving you parameters to watch, regardless of what our thinking is, moving to the 149.70, 150.20 area says, you know what, yields are coming down and they're coming down quite quickly. A pull back to the 100, closing under 144 says, yields are going to that higher level and just keep it in mind. That's going to be really important. So here we go. I wanted to do a couple of things as we're looking at this question about platinum. Platinum has made a peak D. It's sitting on the 200-period moving average at 1,045. It could zigzag. Look, it's already done. Look how important these moving averages are. You don't have to use them all the time, only when they're coming to play. 200-period moving average for the past since about October the 12th or 13th. This has been the touchstone. Every time it's gone up and down. It's like a sine wave, like a zigzag, over and under. Yo-yoing above and then below and below, and now it's below. So that's going to be 1,045. It's important. If, in fact, it closes under 1,020, be careful. That says platinum continuous contract pulling back. But so far, it's just hugging it. And that's really important. Now, I had a couple of questions. I want to get to them right away. I don't want to run out of time. Question about fuel cell. Basel. I had fuel cell. F-C-E-L. Let's go to fuel cell right now. Because it's on my watch list. It's one of the screamers. It's trading at 940 right now, down 13 cents off the $9.96. And just three, four days ago, it was in the 750 area, 740 area. So I had fuel cell and atom. And another one that we had once, once owned atom is a Tamera ink. I discussed this. It's semi-material licensing technology, mere silicone technology. I've been trying to read up about it. It's not that easy. But it's making, pattern-wise, it's making an arch. Low-case H that goes to low-case M pattern. So let me continue. Just wanted to show you the charts. Now we can talk about them in a functional way. On my watch list this morning, as possible trades and missed them. Fuel cell made a high of 949. What I read a little higher today. And did a high volume over 68 million shares. I'm looking to buy the pullback. If we get it at 818. And use the stock somewhere at 789. What are your thoughts on the stocks? Fuel cell. I like that Joey's actually planning his trade. I suspect, now one of the things I'm looking at here, is if there is a pullback in crude oil, the question is going to be, does the whole area of alternate energy become a focal point for buying? Or do they just generally subside together? This is a leg C. Remember, oh, let me do this as a methodology explanation. You see this low in the weekly chart of F C E L fuel cell energy. Well, that low of $534. That this high cannot be called A. Why? Because in the Chapman wave methodology, only after you make a trough, can you start calling the next highs as legs to the upside. Only in the Chapman wave instant restart where you make a P D and within three bars you make a new recovery high to make an alternate count E slash A, is it possible to have the low bar actually also become the high bar? That's the only time. So in this case, this is not an A. You have to wait. Look, there's no trough. You have to wait for the right side to make a higher high. So from this one, you can say, oh, maybe now I can start an A. You can't because it's below the previous high. You have to make a peak, or you have to make a leg up there. That leg is above the high of 754, the high of the 17th of September. And now you can say that's your grey leg A, grey because it's just starting to move to the upside. And this becomes grey leg B until the stochastic gets to 80%, or you get certainly strong technicals and the MACD is still, it's good, but not great. I don't know if I can call this a buy mode just yet, but it is leg C, and on balance volume is not that great. I think it's more sideways action, but I am going to say, I don't think it's getting back to that $5 range in this particular move. So I will start at least to put an up arrow to say, we've gone from a buy signal, there should be a buy mode going to at least a leg D in the weekly chart, unless it just tumbles both 720 or 710, and right now it's at 927. So that's my analysis to say, remember this bar cannot be the low bar, you have to say yes, now it's a low bar because you've got a higher bar and you've made a trough, you have to make a trough. Okay, so in this particular instance, yeah, that could have been called an A, but an A- because it broke and went below it. This isn't A- because it broke and went below it. So that's what we're looking at. So this is leg E, like so many stocks and indexes, et cetera, all going to this magical D and E area right now, somewhat even in F. We've got to be a little bit careful here. So your plan, it's a little high at 818, but that's the way I would treat it. And I'd deal with it if there is a sharp pullback. In other words, if by Friday, all of a sudden you're looking at fuel cell, not trading at 10.35, but in fact, pulling back to $8.45, that's where I'd start looking at it and say, how does the 200-period moving average now become not just a magnet, but a propellant rather than a repellant? So let's see what happens on any pullback. So your plan here is good. Be prepared to revise it a little bit only if it goes higher than if it goes into the tens. I would start to think of a different plan, and the plan might be to nibble on any minor pullback, but to have a plan to enter your really good position, but it might have to be above 8.18. But stick with the plan right now. What are your thoughts on the stock? And ATOM, I also missed my potential entry point of 21.71, ATOM. And let me just say, I've gone through, I might have missed one or two emails. If you want to send, just send it right on now. I'll check them out. I'll make sure that I get them before the show if I've missed your question from the day before yesterday or today or the day before. So yes, the lowercase h, I'm going to say, hold on on the semis, because I do think semis are getting a little toppy here. I wouldn't be surprised if we do start to see some kind of a pullback, but this is not acting like a leader at all. Whatever they do for licensing, for selling on technology, I'd see nothing. So I'm going to say, hold off 21.75. It's a 21.62 right now. I could be wrong, but that 200-percent moving average of 21.14 is going to be key to my analysis. I'll look at it again tomorrow. Next question is, I had a question yesterday. Nick wants to know. Good morning, Basil. If and when the short side shows up, would you consider recommending UVXY, three times ultra-fix short-term futures, ETF or some of the big, related ETF in regards to capital? So let me just see here, a UVXY. We're getting close, I think, to at least an attempt at an entry. I'll do that. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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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, folks. We're back. So, let me just go to this question. Actually, there's another question as well that I forgot to answer yesterday. I've got to get to that. I think it was Greg wanting to know about FUBU. So, let's just U-V-X-Y up three times. Look, as we were talking, you could have bought this at $15.75. It's now $15.71. It's down already just a percentage-wise quite quickly. It's just so risky that you've got to time it almost perfectly. And this is one that I would... I'm not sure I'd want to be in loose overnight just to kind of have it. This is not something you want to announce. Now it's $15.65. Look how quickly you're losing money here. So, the timing has to be perfect. What I've done is that we are long a particular index. And I said today, if a certain price is hit on the inverse, it's actually the 2 to 1 inverse, just start a position there. We'll have the two positions. But as you get that, you have to get out of one part of the long position. So, we're now mixed up, but we're sacrificing a little bit because we're in a little early, only because in the index that I'm looking at, I think maybe we're getting closer to some kind of a pullback. Look at the quick bursts of energy to the upside. We're looking at right now. So, you have to be so careful. And all I can say is that the UVXY is a trading vehicle. I'll say in my newsletter when I think it's appropriate, I've taken it off my list for a long time now. I wanted to use this space for other positions that we have. We have a number of positions. I have maybe 16 bullet points and some things we aren't in, but I always follow, et cetera. But most importantly, this has to be time perfect. Absolutely. Just almost to the minute. You know, you actually want to get it, and you are the bottom tick of the next move to the upside. You don't want to be seeing it pull back and then say, oh, I was right, but oh my God, I had to sit through a big percentage, at least on that position, percentage loss. So, I'm saying rather the particular way that I'm doing it now, I think, I'm not sure, but I think it's closer to what I eliminate. It doesn't eliminate, it alleviates some of the pressure if you're wrong. And that's just the way I'm doing it now. As a trading vehicle, I will mention in my newsletter when I think it's appropriate if you're, this is the vehicle you want, where you could actually just nibble. And if you nibble, it means instead of being aggressively long, a three times short the New York sunk exchange, or in this particular case, that's what we're looking at, UVXY, you are, you've got a small position, but a small position in three times, even if you have instead of 100 shares, 10 shares, that's still, I mean, you're still, you know, it's something you ought to watch. So, I will mention that. I think we're getting closer. In this particular instance, because it's a UVXY, I'd even wait for the cues to maybe get to that leg D before I attempt it. I'd rather be doing it my way, because if I'm wrong, I stop it so tight, it's not even, what, a one and a half percent risk on a two times short position. It's nothing. You're either getting it perfectly, or you say, I'll try again. You can do it three times at that point. So, I'd rather risk not going for the big bucks, but rather just a small and you can add. If we're wrong, you're right, you're going to see the volatility index very quickly within days, not just make a pop to the upsides at 15.95, it'll get to 18.35 or higher, and it'll close close to the high of the day. Then you know you're right, because the next day there should be a sharp sell-off. So, I just say, I know that you're looking at it, I know you're looking at it closely. The risk reward, I don't see it in your favor right now. There are just too many buying flurries that are taking it higher, and that's the way it looks. F-U-B-U, and I just, I couldn't find it in this quick look that I had now. Is it F-F-U-B-U? No, no, no. Oh, F-U-T-U, F-U-T-B. Is that TV? No, no, no, no, no, no. I wrote it down. Here it is. F-U-B-U. Thank goodness I wrote it down. F-U-B-U, it was TV something. Yeah, it was Fubo TV. So the question, oh, I haven't got the question in front of me, but let me just do an analysis of it. It's in leg E, maybe a peak E right now in the daily, and this is Fubo TV, because obviously I think it's sports TV. It's made a leg C in the weekly chart in the rectangle formation, trying to make that cup formation. What we were looking at yesterday in the den together wasn't SAV-8, it was that other instrument. Oh, I can't remember if I'm a fan. But the meantime, okay. But it had that declining channel, and then it broke out sharply above it. So this is acting very nicely. Now, the question was if you're looking at it, I know that the particular person who asked me about it does quite detailed work. I'm just going to say I'm pleased that it's done what it's done. It had a real nice move from the 22s, 23 area, up into the 33 area. Now it's at 32, it's in play. And because the weekly chart is broken above, the week still hasn't thought Friday to go. Let's see if it closes above this downtrend line. Monthly chart has had a spectacular move up from five or something like that. Six, all the way to the 60s, a tenfold increase, and then plummets down to the, what was that, low, plummets down to around about 13 or 14, and then runs up to the 33 area, and now it's pulling back. So it's in play with huge swings. And because of that, I'm going to say, I like it. I'm going to try in the next break to find your question, because in this particular instance, all I can say is if you're in lower down, and I think you work as you, it was yesterday that you emailed me, so you probably got in the 29s, and it's already hit the 33s in Australia, 32, 17, but it could pull back, it could fill in this candle. So the way I'm looking at it, the sarcastic amount deal, good enough to say if it can hold 31, 70, and in the next two days, instead of closing under 31, 70, 31, 50, that area, it actually breaks above the high of 33, 45 that was made yesterday. That would be really good action, and I say, just stay with the position. In the meantime, I'm going to find your question itself, but I don't, I would be not very nervous, but I'd be a little nervous if it gave back 50% of yesterday's candle. In other words, if it was actually to close, in today, if it broke under 31, 60, and say, whoa, you got to be careful, but if it closed under 31, 50 in the next two days, I'd say, you know what, this particular very short to move to the upside is probably done. It needs to resolve the overboard, the overboard on balance volume situation a little bit more, and then we'll look at it, but my weekly chart says the whole area of 30. 31, 20s to 30. 70 should be a containment area because it's trying to make, it hasn't broken out. Actually, I really want to see it above 30, closing above 33, 68 in the next week, because that'll say, yep, now it's in play. Hope that helps you. So a couple of questions there, and now I also wanted to do, FUTU was a question, FUTU had a horrible, a horrible gap down. It's staying in my rule, the three-bar rule after a gap, it hasn't even filled the, it's trying to fill into the gap between the 60s, it's trading at 55.94, I'll be right back. That's the traffic target. 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. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Hi folks, we're back. Actually, Greg said, Morning Basil, could you take a look at Fubo for me? I am in at 24.05 and was going to add, but this morning it started to take off. What do you think? Thanks Greg. So Greg, you're in at 24.05. You're going to add at about 29 something, 30 and it took off. So all I can say is, number one, congratulations. That's a fantastic move from the 24 area to 32. Whew, eight points. Really nice, congratulations. Good percentage gain. The next question is, where would you get in? Well, I just have a little patience because the weekly and monthly charges are suggesting this is kind of in a choppy range and that there should be a pullback. I don't think it should break unless there are really negative conditions that whole 29 to 27 area should be very strong support. That's the way I'm looking at it right now. But as an add to, because it's had such a big move, I'd have a little patience and I'd say probably, I would let it go if it goes higher than this, but on a shorter term basis, the number that I'd be looking at is between 30.20 and 29.80. If it does pull back to that, it says, okay, deeper correction underway. That's kind of the area that should be the big support and that's the way we'd look at it. But right now, if you didn't grab it as it was moving up, I'm not going to tell you to grab it. Two points above where you were looking at it. So let's see if you can get those two points on the way now. So I want you to do one other thing is right now we were talking with Kevin earlier on about Zillow. Wow, down 9.98, 87.39. I didn't want to say anything to him because he was talking about the options and it's now unfortunate. Wow, if the options were at the time that we were talking about it early this morning, when it had gone from 103. No, it was 104.05 on the 29th. Yesterday, a big red candle. Today, another big red candle is down at 87. A lot of people are talking about this. I was going to mention to Kevin that I didn't really have time that as I recall, they had gone into the house flipping. They actually called it, I think, when they went in about 18 months ago, maybe a little more. And maybe that wasn't such a great thing. We'll see because they've gone from 208 back in. That was February. Yeah, February of 2021 of this year, 208 trading right now a little lower at 87. I mean, that is one big tumble. So, wow, 208 to 87. Yeah, that's a real problem. And that's what we're seeing here in the market. We're seeing, as I said before, with the insectars, you're seeing, look at the HEX, this is the housing, Philadelphia Housing Sector. Look, it's up near the balance highs, not the all-time high, which was in the 538-ish area. It slumped down to 440, and it had 439, screened up to the 480, 4-ish area, announced 473. So, it's funny because with insectars, you can get huge divergence. Look at this, SPG. This is Simon Properties. A huge gap up today to 159.97. All-time high of Simon Properties was, I used to have this so totally notated, it's not now, was a Chapman Wave 2-bar reversal, 229.10 high, July of 2016, 298.47 high, August of 2016, so it's gone from just about 230. It slumps down to the 40s, 41, I think it was, back in March of 2020, screams up to 155. This is Simon Properties, this is the whole COVID thing. And look at the nice recovery. Now, look at this gap. Is this gap going to be full? We don't know. But this is, I really have to call it a Leg C in the weekly chart. I could call it an alternate count, a G-C, but I don't see why. Everything has turned positive, 93% in the stochastic in the week. Yeah, I like that. So I'm calling it a Leg C. So you can see that even with insectism, we spoke about this when I did Tom's, Tommy's show, the RTH, the market vectors went to A, P, B, P, C, P, D, it made a P, D right here. This is RTH Van Ek, Van Ek vectors. I just don't have the right now. Yeah, and then he has the chapter where falling exclamation. You could have one more pop to the upside, but it is almost at, it's within a couple of points of an all-time high, all-time high in the market vectors after the COVID. And yet the administration is talking about pouring money into the economy. I just, I'm not, I don't quite understand it. Maybe it's beyond me. I just don't know. But that says, wow, money is there. People do have money. Otherwise they couldn't be spending like this in the retail area. Okay. So, so question there, question there, question there. I wanted to go to, had a lot of, there it is. So let me see if I can get this. So that's quick views. Got it. There we are. Snap. Jane. Hi, Basil. I have a couple of calls on Snap. Could you please give your opinion on this? Thanks. So Snap. Yeah, we go. SNAP. Ha. So Snap, as I recall, was doing great. And then kaboom. It goes from a peak F in the weekly chart, probably an F in the monthly chart, and a peak D in the daily. Remember how important these peak Ds are on the daily chart with a high, an all-time high, I believe it was, at 84 or was it 83? 83.34 on the 24th of September, makes this cup formation and tries and tries and tries and bam, it gets hit. And what happens is it gaps down on the 21st of October. It's trading in the 73, 75 area. Next day is trading in the 55 area. And then it slumps down to the 51s. Yeah, yeah, 51.66 on the 27th. And now, so you didn't tell me, Jane, exactly which calls strike positions you have. My suspicion is that you're real close. My guess is I shouldn't just guess, but I'm thinking, so I would do this. I have a three-bar rule with the gaps upside or downside. This on the downside did exactly what you're looking for if you are negative. You want to see it gap down, fail to get even into the gap on the upside of the bar that broke down. Instead, it closes below the left side low of the gap down day, tries to ready fails and makes lower lows. This is a really negative scenario. So if I was you in terms of the calls it's trading at 52.91. Let me just do this because I really don't know which calls you're looking at. Okay, let me just go here with a 30-minute chart. Yeah, you see lowercase h goes to a lowercase m pattern with a very small couldn't even bounce very much. Ooh. You know, even if you said to me puts I'd say this is tough because right now it's in the rectangle formation which says I'm stuck in a narrow trading gap. I'm going to do a little walkthrough in the break. I'm going to do that and then I'll get a chance to do what I was asked way earlier and I said I'd do probably show you when I said I'd do it and this is Sherman Williams. I'll do them both. When I get back we'll do a quick synopsis on Sherman Williams and we'll do a quick synopsis on Yeah, guys, it's a synopsis. 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 there's 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 8.30am to 4pm 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. 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If it closes above $315.80 at any point in the next two days that's kind of bullish action and it's probably going to try for a leg D but if it starts to fail here my target would be excuse me today's low is $310.92 if it can slide to $310.40 between today and tomorrow $308.40 period of exponential moving average next target to the downside and a lot of it based on this 120-minute chart looks like downside is ready in play right now. So I hope that helped you. Next question was Snap and all I can say is call position right here at $5293 I'd be real careful I don't know if it's in this month you've got weeks to go so yeah that's fine but I would make it real simple. If Snap trading at $5295 can break above $54.11 that's really asking if it can get above $54.11 I would immediately just have a trading stop in your mind and say I will exit the I'll exit one position and I'll hold the two and let's look at it again tomorrow so that's what I'm looking at because if it starts to slide under $5292.40 it's just stuck in this range and I don't think it's going to break more to the upside I think it will probably break a little bit more to the downside. Next question was Qualcomm what was the question Qualcomm good morning I've got Qualcomm today at $135 for earnings play it blasted up to $152 in August what do you see in the charts thank you Mike Qualcomm so Mike what I'm looking at here is that in Qualcomm it's made a very quick VPC D&E it's on the $200 improving average to get to the $139 because otherwise I think it's going to go back to the $132 so just be a little careful, bells are dropping signing off, the wonderful guy will be back with Tom O'Brien later this afternoon