 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. Hello, it's Basil Chapman, Tiger Technician Hour on the 15th day of July. I had a question about in the Chapman wave, how come in the dollar currency pair, daily chart from the high that was made back on the 25th of June at 1.1412, why is there only a trough B and not a trough C? And the question is actually a good question. But remember that on the way down, the bar that has a big spike from the low cannot be a leg until you on the right side of that low bar, you make a higher low bar. You have to make a trough before you can actually count the wave. So on the downside, you're going up here, you're going up on the 24th, 1.140, and then you go to 1.141 on the 25th of June, and that bar pulls back. And then the following bar has a lower, so it has a higher low. So you can't start. This is the first time on the right side of this, you've got a peak at the top because there's a lower high bar. From now you can start counting your troughs. But wait a minute, the bar next to it, the low here on the 26th, 1.1391 is a high, 1.134 is a low, and the very next bar is exactly the same. So it's a parallel. And then the following bar is even higher. So that you can't start your count until you go underneath the last low bar. And that's 1.13816 of the 27th, and then all of a sudden on the 20th, no, it's the first of July, you start, boom, you go down, you go way below, you go to 1.128. So this is the bar that goes leg A down, lower case L, lower case A, leg A down. This is a floating letter, and then it stops dead right here on the 3rd of July. Why? Because the very next bar has a higher low. 1.128 goes to 1.127. So this is, and then the following one has a parallel low as well, 1.12074. And it's parallel the next day on the 5th. Whoops, yep, that's right. No, it isn't. Oh, in fact, it's even more for, oh, yep, that's right. So this is a leg B. I chose the wrong one to discuss because this is what was asked, but it's so complicated with all these zeros, 1, 2, 3, 4, 5, 5 digits after the decimal. Wow. Okay. So this is in leg B, and then it goes to trough B because there's a higher low, and now it's in a gray leg A, and it's just stuck in this range at 1.125. All right, let's get back to the little gritties. The little gritties says the dow is down 35. Now, what's interesting about this particular move is that we've gone to a leg D with a height of 27,364.69. If tomorrow, and I suspect is what I'm saying to subscribers, it's going to be between Tuesday and Wednesday. I think it's going to be a lower high. I think. I don't know. I think. And that's merely what's going to do is make a peak D. But have a look at this, and I've been discussing this for a while. I'll do this more because I've decided I'm going to do a lot more of the technicals live here because people just keep asking questions. I haven't had a webinar on this for a long time. Maybe I'll do it all day one of these days, but just been real busy. So let me do this right now. For a long time, if we're looking at the Dow, look what it's going to take. You see, I forget these automated resistance, 27.296 was the one generated Friday. We've gone above that. That just very short term is now support. If you go under it, that could mean something. But look at the distance between the price. This is one of the highest prices had since this big bump up on the 21st of June, where the Dow went to 26,907. Look how far away it went from the green line, the nine period moving average, and the black line, the 14. Hey, wait a minute. Look at this. This is where we are right now. It's not quite as high, but it's pretty high. And it says, yeah, we can have some kind of a dip coming up right now, but to see this fast moving average to nine across the slower moving average of the 14, going from support of 27,000 down to the support of 26,780, wow. Look what has to happen. The Dow has to really turn down very sharply. It has to then close underneath the 27,000 level. Then it has to go deeper below the 26,780 at that point, 26,770s to be able to see this green line actually turn down and maybe reverse. It's going to take at least another, why do I say at least another four or five sessions? Look when it was so good right here in the highs that you see the resistance levels that were generated. We have automated resistance levels. Look what happened when you got to the high of 26,695 and 26,680 back on the 23rd or so of, 23rd of April. And then remember, I generated by the 120-minute chart a cell signal right here on this bar the day before the recovery high and we hold that position taking some of all the way down and then reversing to the long position in this candle, this little doji candle of the 3rd of June. And then look how long it took. It took one, two, three, four, five, six bars going from the 24,400s all the way to the 26,100s before it actually generated a crossover. So this is a very slow moving average. This is really where you talk about lagging indicators. It's just a confirmation thing for me. But it's just another way of doing it, which I've done for decades and I just have articulated in a different way. And that's what I'm saying. But unless there's some really bad news, this is the start of an attempt to try to make some kind of a shorter term top. You just need another new high and you've already generated extra, extra upside. Not enough for that. So we're looking at that. Let me just quickly do this before we go to the break. S&P has support now. Of course, the upside is anywhere. But let me just go to the support. I'm like, oh, I'm generating it on the wrong. There we go. S&P is extended. It's like F could be an alternate counter according at F for now. Nectis just is still good, but it has me across negative and the stochastic slope very strong at 93%. So all of this is still very positive. You'd have to go from 23,010 right now to under 29, 73 to really generate some kind of a cell signal, maybe a cell mode. QQQ right now, QSAR, 19362. Another all-time high extended that move. It's also in account of a leg F at 194 round number high. 193.63 right now. Hey, you remember this is interesting because the spy made a round number the other day, but then it actually exceeded. Didn't it really exceed that? Was that? Spy has exceeded it. It's gone to 301.13. Yes, it has. So these round numbers right now are not really working. They're magic. IWM, which is the Russell 2000, be much weaker. Look at this. Terrible candle. Didn't go anywhere close to even the recovery highs recently. 154.96. Not very good underneath 153. That's going to be a real problem. And you've got gold right now trading up 0.9 and 1413 stuck in this range. Remember, rectangle formation can last a lot longer than your patients. And the dollar is the same thing, except it's a little bit looking at the right here. At the 96, 96 level, we've been here before, up 30. I'll be right back. Basel Chapman, Tiger Hitchman. Just a shout out. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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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 home page 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. Oh, toll free at 1-877-927-6648 internationally at 727-873-7618. Hi, folks, we're back. So, a couple of things I want to look at. I'll just finish this off and then we can do that. Crude oil down to 36. Double top peak D here of the last three days. Remember, we're looking at this what we were looking at was for a peak D. And what I said is in the weekly chart, it looks to me like this is just stuck in the range, in the middle of the range. It could go right back into the trading range in the 58s. So, unless crude oil actually charges into the 62s right now, I just think it's kind of stuck. And waiting for that peak D. So, the question is the same pattern we're looking at in different indices. The question here came to me, are we looking at D in the IWM in the weekly chart and in the weekly chart of the crude oil, it's made a peak C at 67.03. Once you're stuck in the trading range, you can stay in that trading range for quite a while. So, yes, I do believe at some point crude oil will go into the 66s, maybe 67s. But just for now, I think it's just kind of stuck. Stuck is the watch word because it's very selective. The Dow is really leading the pack and that's a very important look. IWM, same sort of keep the I in the weekly pattern, same kind of pattern. Yeah, it's going to be a while. More likely we're looking at an arch formation. We've done that rising wedge formation. Now, we fall back. Now, this particular arch is into the second iteration. So, let's just do this. And it's going to be a little while, I think, before we actually see leadership in the Russell 2000, the small caps. And that'll only start if the IWM trading at 155 right now is able to trade. Really, I don't think trade by one pop in a weekly chart. It needs to hold above 158.80. If it can close above that for two consecutive weeks, I think we've made a bit of a turn in the IWM. Let's go to the question I had. Okay, this goes to an area that I don't usually follow, but it was a good question. And there was a reason for the question. So, it's the other bears. Well, yep, congratulations. Walter on the wedding. Very exciting. And maybe a couple have great happiness. So, I would appreciate your opinion on trading Friday on two U.S. uranium miners. I mean, following the uranium sector and the issue, we're a couple of U.S. uranium producers called on President Trump to look at setting quotas to require a certain portion of the U.S. nuclear power industry to purchase uranium from domestic sources. Okay, so let's look at the chart. We're looking at the EUC. I believe it was EUC, which is... UEC, I believe it must be. It's uranium, UEC. There we go. So, the UEC, as he said, had a very, very sharp decline from a... Yeah, so he nibbled on Friday on that very sharp sell-off. Probably just nerves because of the wedding and you wanted to... It was a wedding Saturday, but because you just wanted to get your fingers moving along to get your mind off the coming event. Anyway, so it's trading at 1.10 right now. It's up 0.03. It had a high on Friday of 1.45. $1.45 has a little problem. It pulls back to $0.91. So, you got in and now you're saying, all right, what's next? So, let me do this. I would not have two of them. So, look at the chart. This did make a peak D in the daily. It went through the rectangle formation. It was a rectangle formation right here. See, it broke down below this kind of trading band. Let me show you what that means. In the euro-dollar currency pair, look at this trading band. Since this morning's pop and drop, where it started to fall almost immediately, the E-mini, S&P E-mini trading now at 3,015 had a high of 3,023. It opens at 3,015. Spikes, I can't remember if this was the earlier one during overnight session. Anyway, whatever it is. You see this rectangle formation? This is 9.30. This is now three hours. It's been in this trading band between three, just in the 3,017s to the 3,030s. It's a four-point trading range. Just nothing off the Friday's big move. In fact, off the Friday's big move, we certainly could have some kind of a pullback of the actual last hour's gain. And that's what I said should happen today. But the doubt really goes down to minus 60s or so a little later in the day. I think they maybe could pull back a little bit more, peeking in the densest. Forget about uranium. Tell him to get a prenup. Bessel, no, it wasn't for him. It was for his daughter. Yeah. So what we're looking at is the UEC. I'm going to answer this in a different way to what I normally do. Normally, I'd say, you know what, especially if it's something that I don't actually follow, but it has a pattern that is interesting. The UEP has gone almost to the day's low of 192. That was made on Friday. And Friday's trading at $3.00 and about $0.12. The next thing you know is down to 1.90. Let me give you the exact figure. So it opens at one. It opens at 3.08. No, it opens at 3.07, goes to 3.08, and then plunges down to $193. No, 19 closes at $193. It's trading at $193 right now. Here's what I'm going to say. If you want, I would choose one. Energy fuels Inc. is the UU, UU, U, trading at $1.93. Unchanged right now, but down $0.13. Not going to be unchanged, but down $0.13. Whatever it is. It's down at this level. This is the one that scares me a little bit because it had a really good move up into the fours. The technicals were good. And even though the technicals are really not bad at all in the monthly chart, the way it's crossing negative right now, it just says to me, maybe this is the one that you got the greatest gamble. Now, when you go to the UEC, that's been in the trading band, and it's a little bit different that it's still back in above the monthly low under one. It's at 1.11 at this particular time. It's had a low to 1.10 at a high of 1.21. I like this one better. So I'm going to say to you, if you can get out, you can have a little patience to say, oh, it is bound to be a little bit of a bounce in the UUU, UUU, UUU, for yous. And if that does happen, I'd say, you know, just kind of get out of most of your position there. But as a longer term risk play, because I think you're right. I think politically, this is going to come in and out of, it always does, in and out of mention. I'm not even calling it favor. I'm just calling it mention. Normally it gets mentioned it's so low that somebody is going to do some buying. So it's the UEC, the Uranium Energy Core, that I'd be preferably, that's where I would put, now, you know, and I know, and we're both looking at something a couple of months down the road, within any point, you're expecting some kind of a pop and that pop could go to 1.80. You'd be lucky if it goes to the turn of the period moving out to 2.01 in this particular pop-up if it happens. It's going to have to have some kind of a story. And also mine's Piki says in the dead, Vanadium, Vanadium used to strengthen steel. So I don't know much about that, but I am saying to you, as a spec, that's the one that I'd probably stay with, but you've got to treat it as a spec. You've got to be prepared like an option to say, I can do almost all that money, but as a spec, that could be a nice trade. I'll be back. Since 1984, Basel 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, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology, along with other indicators, Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. 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In this program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software and 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 Chart today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Hi, folks. We're looking at IYT, which is the I... This is the iShares Transportation Average ETF. $191.48 was the high on July the 1st. Pulls back. Has a rally on Friday. It's $191.68, 20 cents higher. And the high today is $191.68. Same thing. I've got this as a leg F. It could turn out to be a new brand-new start of a buy mode. In fact, I then had an F if there's a lower high and then a higher high. That could start a new leg C, make this peak D, the D that pulls back sharply. But usually when the MACD, the moving average conversion side version doesn't cross negative sharply but just deflects higher, there's a good chance you're in a continuation pattern and this is EF. And this is F. And right here is where you would expect some kind of a pullback. Just a pullback. Doesn't have to be a major decline. And then we can decide whether or not this is going to recycle to the upside. But as a as a correlation between the DAO 30, this is DAO theory and that's why I'm saying there is no real DAO theory anymore. And the transports confirming this is just saying transports are okay. I mean, look, you've got Prime Day today, Amazon they're going to do fabulous. I mean, I don't know the numbers are going to be extraordinary, I'm sure. But Federal Express is up 6 cents at the lower end of its range having been up in the 270s at some point in 2018 and then 150 in December, bounces to 190s and now it's trading the 167. This is really so Amazon is doing something very different and that is impacting them and that includes the airlines. So you've got Amazon today down six. So this is what I'm thinking. I think the numbers for Amazon are going to be extraordinary. That is that the number of people for Prime Day and I believe it's Prime Days is going to be quite extraordinary, but I would not be surprised from what I've seen just anecdotally and what in newspapers and all that stuff that the actual money that Amazon makes here is not in proportion to the number of people that actually activate some kind of some kind of purchase or purchases and that the items themselves could you might find that they're not the big items because so much of people are now expecting discounts everywhere. We're in fact commoditizing the retail industry just about right across the board except maybe in a Bentley or something even there. I saw something for sale recently that was way lower than the original price. That's unusual. So when I look at Amazon I think it's going to give us just a lot of information which I see to subscribers between that and the semiconductors for completely different reasons. Semi is right now up 58 cents at 114.83. This is actually quite nice action considering what's going on today and after Friday, but it hasn't taken out the 115.90 size of the first in the cup formation and we'll see if the right side in other words what we're looking at is in the daily we're looking at July the 7th right there with the MACD really strong and still strengthening sarcastic very good and it's high over the last weeks up there on balance volume was good and now you've got on balance volume very high potential of doji candle you might get a double top with the right shoulder failure if the MACD turns down. So I think we're at a very important couple of days I said Monday through Wednesday is going to be so informative Boeing might be doing a little bit for the Dow at this point is down 3.33 so it's cutting cutting away from some of some of the action in the in the overall market but that's not three dollars is not such a big big move if Boeing starts to move down eight or nine that's going to be more serious or if it bounces eight or nine so excluding Boeing if we go to areas like the oil the multinational oils there's your leg D finally talk about C1, C2 had a subscriber talk about something and I want to mention this right now because it remind me I almost forgot to talk about it and that is in the positions that we have for my opening call subscribers we've had a lot of I mean up 20 over 20% in the the buy for on the Dow from the low of July of June 30th etc we've had some very nice nice picks but at the same time what he said was and I thought this is the only way you can do it right now don't get too carried away remember for subscribers back at 14,000 sorry 24,800 I said for those of you looking to add to your longer-term positions is nothing I'm going to really follow I'm just saying to you I had enough questions to say yes now you can put in more money into the market in those IRO care plans or whatever it is this is the long college funds whatever it is but now that we've done on our actual trading position in the Dow which I hope is a core position which we might be able to hold longer now the only way I want to do it is to just start to get a feel for any pullback I don't want to I don't want to step in front of a freight train where we went so nice into the 27,000s but I am looking at a lot of evidence that says right across the board I can see enough evidence of some kind of pullback occurring that it might be very selective so as I said here maybe this last the question is peak C1C2 assessment maybe this last run on the Dow daily can help better assess between or if there's a real C1C2 that's a particular technique that I talk about where I'm always looking for a D the 4th I speak in the Chapman wave but sometimes you can feel just a tad under you can do it a few times if that happens if the technicals remain quite strong and in this case you can see the magnetic did go negative but just very slightly almost an apology and then rally that C1C2 that C2 could be like a D and I usually put a plus and you can come down quite sharply but very often often enough we saw that in the euro remember we had Peter from Park said we used to talk about this about two years ago was it maybe still this whole thing of the C1C2 I had always done it but this is where I talked about it publicly because it's a little complicated if you don't know the Chapman wave and it gets cumbersome to talk about but very easy to see it's a failure but the magnetic suggested it was just enough strength even on balance volume said you could call that a C2 as if it was a phantom D put a little plus sign on your component down arrow because a down arrow only occurs at a high and this is not a high this is below the left side high and it'll pull back so this is CVX I'm using just an example so in the DIA we were just the other day we were right here with this doji can and I say this is a chance this is C1C2 but that powerful move on Thursday broke out to a D said C1 just C2 just disappears you go back to C and that becomes a D and then Friday was an absolute D this still extends the D but now you can see it's getting harder and harder for the doubt to maintain this upward move so it needs some kind of re-energizing could be just timing doesn't have to be price it's still a 90% so he says I was going to play a call option for the last leg PD in the DIA daily but held off because of the potential C1C2 and could have made a lot of dollars if I did yeah I agree with that absolutely that's probably the only way right now don't get so carried away if I say and some kind of a short position or something it'll be a very small position we've got such a fantastic entrance I don't want to mess it up how am I going to get that again the low of the 20 what was the 24th I can't remember now 24,000 820 was it no it wasn't I'll tell you right now it was the low of I should remember this I've done it enough time I've got it enough times we've got it right there um oh 28,000 670 yeah I don't know if I'm gonna get that again is this particular but you can do short like a call you know exactly what you're gonna lose well you can go short like a one to one don't get carried away you don't want to give away profits after such fabulous gains you want to be right and we'll plan that we were trying our best to have a program in place to to take it if you're in 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 1,250 per year or 6,200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3,500 per year or 14,000 over the four years what should you prefer 6,200 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 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down and look at the time we've used still we're just about to test the low 3013 starts to go into 3011 that says the upsides getting a little difficult need more time and some price but this particular point look at that long digestive phase and we'll look at it again in a few minutes so a question I had a couple of questions I had was so I think I dealt with that absolutely good I don't want to miss out any questions that I did get some I've dealt with most over now over the past couple of minutes am I forgetting anything no good okay and thank you to those who I mentioned that they listened to my interview the other on Saturday at 11 o'clock on financial sense yeah it was one of my more sort of formal ones I that's just the way questions are asked and I just answered them and then sometimes you get questions in areas that you kind of know a little bit about but you have to really look at the charts to be able to define it so there was an opportunity to do that but I wasn't really talking about some of the bigger things that I usually like to talk about and there was a reason for it because we've just had a spectacular move from the June 3rd low to this particular period and I thought choppy choppy choppy don't get too carried away with anything had a question about a VRV I think it's called VRV solutions maybe I'm wrong VRV yeah VRV solutions ink we're talking at an all-time high at 14.63 right now what was the question above all-time resistances yeah there's that Chapman way potential instant restart in the monthly chart this is fabulous really good action and I can't remember we spoke about it and I think it did add a little bit but it didn't quite come down as much as I thought it would but I believe it did add so congratulations 14.63 you have 5 cents it's getting a little toppy but it has broken out to the point where that whole area of 13.72 to 13.41 just a point a little over a point below that so about 10 to 12 percent correction you've got to expect something like that soon but this is really good action everything about it says how it handles over the next three weeks I'm going all the way to three weeks how it handles support of 13.40 and if it goes a little higher than this that support will be 13.72 to 14 how it handles that whole area is going to be important right now all I can say is it's in an area that's obviously in demand at this particular time it's doing well if you're long just stay long if you are getting a little nervous and that's the reason why you mentioned if you mentioned just to say it's doing well that's fine but if you mentioned to say what do I do now hey this is a really good move it's a good percentage move if you want take it a little bit off and right there you're not even thinking about it you take it off and right now you can say I want to buy that same amount back about 8 percent lower or 6 percent lower you could do something like that or you could have a trading stop just have a trading stop I'd make it 1 percent about 15 cents it's a little too tight 25 cents why because if you get taken out at 14.40 level that's okay because then you're pulling back a little bit more but if you can hold it and it actually moved even higher because it's in a favorite area right now obviously whatever they do then all you're doing is you're raising your exit points it might turn out that at 14.83 it pulls back and you get stopped out of 14.63 you may as well have got out today but I'm just saying think of it as a psychological thing because technically I would just close my eyes and keep it on hold right now and I would if you otherwise I'd either put another buy in between $20 and $14 if I hadn't had anything right now but if I've got it take a little other things to take a little bit off and put it in back in at about 14.20 for now maybe you'll load it a little later on so okay next question then was GBTC it wasn't a question was a statement if I saw it yeah in the den it says Pausel thank you for stopping me from buying Bitcoin a good call I had I had bought of FOMO FOMO I can't remember what FOMO it means it's an expression it's an abbreviation it is an acronym out of the money no any option I had bought Bitcoin that's hieroglyphics we've got here fear of missing out thank you very much fear of missing out good just remember the rectangle formation I'd say can last a lot longer than your patience have patience and what I said is if it pulls back into the 1240 something area like that close to the low that was made at 11.99 you have 11.99 in the second that you can do a position just a small position trade it on the way up and as it gets towards over 16 you get out of it I wouldn't short it but you just get out of it you try to do it again and again at some point you'll be wrong because it's going to go much higher or much lower but in this rectangle formation rectangle formation is going to say sideways for a lot longer than your patience yes next question I had a question I had was yeah what about PLD that you mentioned on Friday well PLD which is prologous ink it's in I forgot to look it up I had it done it's in the industrial reach but someone sent me the other day a GT sent me a whole thing on exactly what they do and they are in they're in the sweet spot what do they do they go and take make an announcement about taking over one of their rivals today well I thought I didn't even see that because it was holding so well in fact it was up a little while ago it's still up it's up 25 cents at 18.28 we've been long since 75 taking profits at a little bit off just a little bit off at each level I've got it written down somewhere ready to go PLD PLD we've got to take it off at a little off at 80.02 a little off at 82.20 and then on Friday I think well no Thursday we took it off at 83.14 80.20 right now I was hoping to keep it because the monthly chart is still really good in the IYR the REITs the US REITs are still doing very nicely but I don't know I'm going to have to think this through and find out so let me just put in here pro logis and just see what it comes up is if you're going to go logistics real estate and supply chain logistics is essential to large businesses today yeah you know as I say it's in the sweet spot so they've taken over a rival maybe there'll be a creative very quickly I don't know I'll deal with it meantime we've still got it it's holding very nicely the half position is remaining half of what you bought that's really what I've kept it at okay now here's the other thing the XAL the XAL is the airline index it's in a leg C right now and it's broken out of resistance I want to see this I want to see that some part of the transportation index is doing fabulously and this one had a low of 85 back in December it had a high up in the 124 area back in 2018 so there was quite a drop and now it's had a very nice recovery but not if you're looking at the monthly the monthly needs a lot of work but it has started finally a leg B in the monthly chart great leg B because I still haven't got the technicals confirming but the weekly chart is in leg C and that is acting very nicely I love these new restarts of the bi-signal look a bi-sign goes to A B minus then another A B minus and then it goes bam it goes to a leg C overlapping all the others and picks up all those B minuses to reactivate them so now we've got an overlapping C I like what I see right now in terms of what I was expecting 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 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highly concentrated folic and humic acids nature's preferred delivery system they have been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Niko and Paige of living primal lifestyle buy it today for just $89 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 traders edge heard here at TFNN.com so let's do a couple of things Costco just wanted to go through a couple of the biggies. Costco all time high right now so this is in the retail area this is a good sign economically Costco trading at $2.79 up to $0.41 little doji can will be watching this closely this is a leg E in the daily leg F unless it's recycled in the weekly and G stash C in the monthly but I gotta wait for your signals and so far this is all very positive this is how we close Friday I wanted to look at Goldman Sachs which had a nice session on Friday giving it back today down to $77 in a leg D so as I go through these over the weekend as I did a lot of charts over the weekend I didn't send as much as usual actually I sent a lot out to subscribers to my opening call but mostly I wanted to do it for my own satisfaction than I felt I was this was in my wheelhouse I didn't want to have my wheelhouse once upon a time I had a car one of those common gears a little sporty Volkswagen orange colored with the I love the look of the car it was just a beautiful design still love it beautiful design and I had to change the wheel I changed the wheel put it back on and the next day I was off and I'm driving along I just come off the highway zipping as always dead and I'm on the road going to where I'm at the location I was and I look out the window and I kind of see a like a like a wheel on the side of the just outside the car and then all of a sudden the car starts to shake I hadn't tightened the the the the the balls you know the nuts I like I should have obviously I finally found the nuts put it all back again I was very lucky so as I'm talking about this talking about wheelhouse that just reminded me of something I haven't thought of for a long time numerous so just lucky to be here 211.09 on Goldman Sachs we're waiting with the XLF has held well is giving back a little bit after making a leg E leg D in the weekly and out of the box in the monthly and I like that and I'm saying this is what we've got to keep eye on and I'm going to emphasize that we've got to keep eye under the radar not over the radar we want to be in the areas that people have kind of been shrugging off that have held very well this is the fear remember rectangle formations lost a lot longer than patient look at this just down 250 in the E-mini trading site where he's all day I'll be back tomorrow have a great day stay tuned for Steve Dave and Tom O'Brien who's back and I'll see you tomorrow check my opening call