 The following is a presentation of TFNN The Tiger Technician hour with your host as a Chapman call now for free at 1-877-927-6648 Morning everyone on this Thursday March 17th. This is the Tiger technicians our 877-927-6648 is the number to call What a fascinating session yesterday. I did get a couple of people email me saying Thank you for your early show where you said watch out after the Fed comes because they could be a slide And we did get that. Oh go slide We were up over 400 points and we went down over a hundred points to a minus hundred points And then we had that turnaround and look at the spectacular green candle These green candles here, but it's all in the lower range. In fact, if you had to be as blunt as possible, you would say Since about the 22nd of February We've just been in a 2000 point tree. Yep, 2000 point trading range What's the big deal with a big deal is that almost every one of those sessions? Have a look here on the left side of this Dow chart going from the high of 36,952 Back in the 5th of January Look at those candles. It was straight down. But look at the size of those candles. Look at the candles here These are every just about every day. We've had a huge move up and down, especially if you include the futures contracts more significant Is the speed of the turnaround's in today up and down up and down have a look at this This is the E. This is the E many. This is actually current finally got that all organized Got my notations to go about 15 minutes early this morning and I did the notations on the one two five and ten minutes E many this is the June contract E many charts We've just made a peak E in the two-minute chart. It was just a really nice cup formation See that left side hired about seven ten this morning where you went to about 43 42 and then we pulled back and then we ran up to exactly the same number in a peak D. But look at the left side Strength in the technicals and look at the weakness of the technicals on that So you pull back very sharp. He come down to about 43 24 And then go sideways these sideways Rangers go on for quite a while Go sideways and then breaks out and goes to peak a ABC D and we've just had the peak E Well, I shouldn't say yes, we have had a peak E in the two-minute chart Fascinating because look at the five-minute chart This is the E many S&P Had that big run-up after that sharp slide yesterday What is this say that we started off at about 130? What was that 21? Wait, 21 30. That was the sea last night Anyway, there was a run-up that went to the 43 62 ish area At about 230 this morning pulls back makes the H pattern the greater days See the 200 period moving average of this pink line You didn't even have to care about that that all of a sudden it touches it tries to rally and then breaks down below it And then it acts as a fulcrum up and down up and down up and down goes above goes to peak c1 c2 Pulls back and then you get another sudden spike to the upside at this moment I'm calling a leg E. It is the high that was made at 3 10 this morning Was 43 63 50 The high that was made 10 in this bar Now we're in a new bar the bar going to 10 10 was 43 63 0 0 interesting, so Most importantly what I said to subscribers Is that there should be some kind of a normal normal action off the yesterday's last hour big spike? Would be to see about a 20 percent decline off the last hour And we we kind of got that went down about 140 150 points in the future Then we came back and now what we're looking at is This double top that was made With a high of 3 10. I'm looking at the 10 minute shot now to peak D And now it's called the gray. It should be a gray leg B But I'm making it blue only because the sarcastic is above 80 percent at 87 percent And that's just suggesting that there is internal strength So I'm going to put an up arrow and we'll see if this actually works out And as soon as it should go over the next 20 30 minutes maybe more To higher highs above the high that was made at 36 or 43 63 50 Back at about three this morning. We'll see what happens It's all it's just so fascinating the market is what a mechanism in the market and To think that you can use some technical tools because it's All of these charts are fractals Either in the small or the larger context of other patterns and they just repeat over and over Why does it do that and that's the interesting thing or my contention is the The human Oh what we're looking at right here. The dial is up 17 at 34,082 We're looking at the data chart, but let's go to this e-mini What this is right here that we're looking at. Let's go to the one minute chart All right, we got the two-minute chart right here at 43 59 25 a peak e probably going to be pulling back In the in the two-minute chart. This is a price point of human nature More and more. There's a mechanical side to an electronic side to it But this price point of 43 57 75 Everything going back is history I know it's a one minute or two minute chart, but history is anything looking back So how does it work? How does it work that let me show you something? I haven't got a notated in the 10-minute chart But I haven't notated from yesterday's notations. Look at this e s h 22 still active Look at look what happened I've discussed this in the morning in my early show And I just Discussed it when I I did the tom of brine show at three o'clock and I mentioned that We'll just go back to here that at about 22 10 remember I said, oh that was 20 minutes past 10 in the evening on the 15th There was a crossover to the green nine period expansion moving average And I wasn't up at that time But if you wanted you could have gone long and held that along all the way through until it went pink Right there nine nine ten That was nine ten on the 16th In the morning That's right. Yes 19 in the morning and Just briefly went for about four bars it went Pink and then it went green again for that big spike up before the fed talk So that you could have had the move from what I said was 42 Something like 43 to 43 Let's go to the low of the day of the bar 4302 And then it went pink and then went green and held green even with that big spike And then the fed comes out and speaks and it plunges down to where? To the 200 period moving average goes under it with a very nice This is a chapter green roman candle which says if the price moves above that bar For two out of three sessions making the closing price I usually like the middle part so that would have been the opening price of 42 66 support That's usually a very positive sign And it screamed up through peak c and then it went sideways in the peak c for that time Well, if you go to the esm 22 that's look what happened We finally got to that peak t on the inside rectangle formation Oh, I'm going to talk about that tomorrow someone remind me about the rectangle formation I have a new discovery. I'll be back. Come on. Go five Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years A frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open To give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis And are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at TFNN dot com TFNN educating investors What's separating you from the most successful men and women on wall street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The test profile scanner is the premier market profile based scanner Powered by its acclaimed test proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets such as stock ETFs commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade And you still get a 30 day money back guarantee. So you have nothing to risk Level the playing field with the test profile scanner, which you can find under the services tab at TFNN dot com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN dot com and TFNN's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at TFNN dot com or on TFNN's youtube channel and become the investor you were born to be Educating investors free at 1 877-927-6648 internationally at 727-873-7618 So there's a question in the den. I'll have to do this tomorrow. I've got too many charts up at this moment But I look uh, let's see What I waited to go Basel do a 2008 comparison Um, the timing is following to the day almost bottom in March went up to May Now this is the s and p. I think the comparison was I uh think so Yeah, all right, so I'll do I'll do the current s and p weekly I've got you know, I've got comparisons all over the show Let me just show you the one that keeps coming up 1929 the top was 386 10 386.10. That was the long weekend Uh, September to the September 4th And then the market opened and was just downhill. Um, we we've got it. That was a peak e in the monthly A quick d sideways action then to an e This is in many ways a very different chart formation But because it's got the black background you can see the way the yellow Mac d the nine period differential has closed so far this month sharply underneath the 14 which is still underneath the 2026 period moving average, which is still a positive Look at the way the stochastic is turned down and now it's actually at 76 percent There are very big differences in a lot of things So I that's the one comparison you're talking about the comparison with 2008 I I don't want to mess up my charts right now I will if I remember I'll try to do it tonight and I'll have it ready tomorrow, but right now I see Some similarities in other chart formations that are really important But most significant will be let me just close this out most significant will be How we close the month of March So let me just say that that's to me is absolutely key Because markets at a certain point start to digest all the news and then start to Just dismiss set it aside because it's going to come back But for the moment sets it aside. We're looking at that right now because the dow Has moved up to plus 44 the s&p is a plus 7 But most importantly, I just use chart formations and the kickoff right here this complex sideways move we can get restarts But once you get to a leg c that c has to be really strong And it has to be strong Above b remember the last one that rallied to about the eighth or ninth of the of february to 35,824 in the down That was that peak b that had stopped at the Chapman wave inside track repellent zone. This is the daily chart Then broke above it for a day and the next day Whoosh went under it and that was it hasn't touched it again since yesterday So I just want to do the chart patterns. There's enough to think and worry about without having to go to have Heart stopping 2007 top Or eight Or any relationship there just let's go with what we've got. So I'll I'll do some work And I'll try to get to tomorrow I know there are comparisons and I've done them myself But the crux of the matter is that the rotation and this to me is absolutely imperative that you have to keep in mind We'll take once again ARKK. This is kathy wood woods ARKK innovation ETF 125 Was the high back in november plummets down to the 14 period moving air This is a screamer that goes from the 30s to 125 This is a fund and then makes an arch formation at a peak a minus Uh, and that's what you'd expect at this particular Chapman wave notation of the dreaded H plummets below and then goes more than one to one to the downside Goes all the way down to 51 85 on the 15th of this month said two good green days And this rotation is what I've been talking about all we're about to see The stocks that have held so well thus far. Let's go to a microsoft just for the moment If I type it in the right place, I'll get the chart which has pulled back but It hasn't done anything like those other stocks in the type of ndx 100 category The tech stocks high tech stocks, but tech tech related And it just plummeted 50 60 70 percent This is different. You see start holds got three weeks underneath the 14 period moving average in the monthly There's the Chapman wave roman candle. It went halfway in so it broke it Yes last month was exactly the same. We're actually having a third one But they're getting tinier and tinier and the nine period moving average is so far above the 14 period moving average There will have to be something devastating in microsoft to say oh, oh Nobody wants to touch it. It's plummeting and that would say that by the by the end of the month end of month of march we're halfway through you will see not only the low of Say 20 to 270 taken out, but it'll be at the 250 area underneath this 250 key support level That'll be a big deal. So here's what i'm saying. Yes, there are absolutely similarities to so many things But the fact that we've had a rotation to not correct But to bear market a whole Series of sectors that are related to tech While at the same time you're looking at some stocks for instance the one I mentioned yesterday um No, let's not go there. I'd like to go to Just for the moment. I'll go to Schwab I did mention this yesterday Schwab, which is in the brokerage area. Charles Schwab schw down 38 cents today at 88 56 um We have we have the generic eye eye as along. That's the broker dealer etf But this is acting so well And it look when you look at the chart at the monthly chart It's just had a bit of a correction in the monthly chart Now Schwab a brokerage area should be way way down under normal under any Recessionary type talk you would always get the brokergy You would just see the brokers tanking because people would just get out of stocks No, I think there's there is a huge buying Um contingents Out there And they are not just propping the market. They are now trading. There's a whole bunch. There's something very different And that keeps me locked in to my saying we are still in a mega bull market mentality we're in the area of the golden area era where Accessivity is just it predominates everything even um Tommy O'Brien is a fabulous show source of us kick market kickoff at nine o'clock. He was talking about um College athletes becoming professionals. I I must say I I dread it. I it's inevitable This is no way you're going to stop it all of us everything's moving away from education Everything so you go to college and now you're this hip cool character. Not just hip, but you are A zillionaire right and you're not just one you got a whole bunch of them What is it due to the educational aspect of of All these high institutions higher institutions of learning it changes completely And we're moving so far away from education this corona virus thing just Did a terrible job on the youth over the last two years. There are some kids that thrived I met someone the other day their their son is he just throw he hates going to school He thrived he got easy just did fantastically but there are for everyone they must be 150 to 200 students who really suffer and I think that's gonna All right back to the market does a 44 recipes of nine. We'll be back in a moment. Charles Rock keep your eye on him I'll be back and then say welcome to space You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at dfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live Financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any traders 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 guardleys abc's butterflies and much more the art of timing the trade charts is designed to help You when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days Weeks or even months searching to find and right now We're offering licenses available at only $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 I've also been back by the shop and take your technicians out We're looking at e f that's your p g unusual to make it cheap. It does happen. That's the Six highest peak here we go. So what we're looking at is a question came in i shares latin america 40 it's called etf so um Let's see the actual question was And also, hey, thank you for that information. Saudi Arabia just announced they will no longer use the math Have they made it official? They will no longer use the american dollar for petro dollars, but we'll now use the chinese one This is your development. Okay, but what I really had a question and we can talk about that. We'll see what happens with the dollar. In the meantime Basel ilf ilf is the i shares latin america 40 etf Let's see dating hovering around the 200 period exponential moving average. Yep It's using that in the dating chart as support. It was resistance Then it became support and now it's very strong support But Each move has become narrower and narrower I'm looking for direction in the next few weeks. Yesterday went long at 26.5. Good is at 26.95 right now Yeah, so I immediately went to To check on on their supplies of All the commodities that are lacking right now What about wheat and all that, you know, so the climate is is perfect for many of the grains Of course, they do the coffee the beans, etc um, I Isis latin america ilf I like it I think it's in a big digestive phase right now It has already been up into the 32 area back in the spring of last year And they're beautiful. I love these channels now We were talking about fractals how human nature We're looking at every dot every every move 26.93 right now up 13 cents. That is a price point of of this particular moment that we're talking about And that is a cumulative effect and effect of The buttons being pushed buy sell buy and sell buy and sell but that's what someone thinks it's worth right now 26.91 This is a fascinating thing When you get a down channel, how does a down channel look at this line? It's an absolute straight line and almost to the penny Since the very first drop from the high that was made the little double top That was made the week of the 11th of june at 32.01 That low that was made a week of the 9th of july at 29 43 bounces up Over the the green nine period moving average then closes right on the 14 period moving average Um, and then it goes to a lower low of 30.31 If you join that low and you join the low of the 20th of august and you keep joining each Successively low to the this is a chaplain wave a minus. It's it's called right here So there's a continuation pattern that goes d and then a trough e slash a and immediately goes b c d e and it stops at an e little dodgy candle e on the What was that that was? On the 20 week of the 24th of december 22 57 And what does that say? It says Once again, look how many candles one two three four five six seven eight nine ten 11 12 candles in whatever number of weeks it is maybe double Hit that nine How on earth doesn't do that? No. Hey, that's not good enough. I love to do parallel channels Oh, I cannot do that now. I don't want to do it now So look at this. I make a parallel channel to the high that was made on the 25th of june Of 32 44 remember the high was 32 52 And one week later it makes a dip and then it goes to a double top failure pattern And I joined the candle of the 30th of july and it's an absolute straight line I don't always have to put in the channel Because the night the 14 period black 14 and the and the pink nine period moving average went across negative Those are resistance areas, but I love just to do that And now we've got is we've got the chaplain wave breakout pattern It's almost like a falling axman in this case a parallel channel And what happens is usually there's a very big candle, but there isn't there's a steady move up. What is it done? Oh, I'm gonna have to show you Jeff you're still there. I hope I can do it and hope I remember to do it I will show you channels. I think I did it yesterday. Didn't I? And look at this beautiful channel in the Weekly chart on the upside from the low that was made right there And look at that almost parallel once again Human nature says it can't get above this level without pulling back and testing the support. That's the when you understand channels And they are just the most beautiful things. They just keep you in it's a track and it keeps you within that track Now look what's happening. You've got the the low of three days ago of 25 26 no 25 point 25.88 held the 14 period moving average it held the trend line And we've broken above the nine period moving average and it's in a peak c and the mag d is strong The stochastic in the weekly chart is at 86 percent and flat. I love that on balance falling. Yes, turn down I'm going to suggest that your entry point is good But hopefully it's your first entry point. I think you said you started position Um, yeah, oh you went along. Okay. My my guess is that you start your position I like this very much I don't know if it's ready for the breakout I actually think it's ready for more of the sideways consolidation And your key support now will be 25 50 if it goes under 25 50 on a closing base I'm going to be very strict. I'll make it 25 31 the low of the 24th. I'm going to say you'll have another chance But I probably lighten up You don't have to necessarily get out because it's in a buy mode in the in the daily It's in a buy mode in the weekly because of the stochastic And the monthly chart is has not yet crossed back to positive It's look at the pink nine period moving average. So this is a little early in the game But my if you're talking about three weeks time If at any point in the next not three weeks, but in the next week is able to close above 27 81 Maybe touch 28 That's exactly what you want to be looking for and that'll be a really good sign. Okay. Next question is um question. Hi basal E w w E w w is the ish is Mexico. So we've got all these sudden uh countries um having chart patterns that have held well, and of course agriculturally, Mexico is We are really dependent on them for many things. So Did that take it out? I just need to see that we peak a peak b peak c But the 40 a 46 56 low Back in late january and the 46. Oh 58. Oh Took it out 58. Oh, no 56 58. That's still in place. Good. So this is a chapter 8 dreaded h formation It's a success for one so far And uh, let me let me just do this take a moment Um There we go peak a right there a peak b Right there peak c Pulls back has trough a trough b, but it's still in place. So this is now a gray a This is a gray b Um, oh, what was the question? Uh, let's get Leg b does it still have strength or will it go back to four recent gap e w r mexico? I like this chart is in the rectangle formation It is in a rectangle formation meaning you can go towards the top and then pull back I'll talk about that Any ways the ilf. I'll be back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 call us today The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology Of the shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear ETFs Visit direction investments dot com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three 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 Hi folks, so I would say based on the monthly chart having gotten to a pgd might even have squeaked to it at 51 49 51 65 So it's already accomplished a tremendous amount. It's not digesting huge gains, but it's still in a sweet spot. This is mexico in terms of Demand for their products whether it is the commodities or whatever it is Um, so this says to me that it's in play I don't know if right now it's going to make the big move to the 52 and a half 53 area um, but at this particular point what I would say is that If you have started let me give you a question. Have you started anything? That's the story of strength Will it fill the gap or the gaps at 49? That's not a big deal. So yeah over a dollar if I'm looking at a breakout Uh weekly is peak a b c. It should still go to a d. My target would be 52 As the breakout point. I want to do this in a long term if you don't mind here we go Oh my this is what I did that. So you've got Look at that. It was once at 75 so I know you know, there are so many of these Foreign markets that are having chart formations that you would be a little surprised to see after What's happening around the world? So that is a peak right there. So this is a b c d e retraces Has a an arch formation. This is actually the lowercase h that goes to lowercase m breaks down and the high Of the january february march. Was that march? Now april of 2013 at 76.80 who 76.80 Yeah, okay. So we're talking about what I said april of 2013. I might as well just type that in And now we've got a load that was made march of 2020 and about 25 was that a round number? Let's just have a look 2020 goes down to 25.03 next month and 25.23 is a low peak app peak c peak d It's already done more than the rectangle formation. This is that lopsided rectangle formation I go stair step up to just under or just on or just Above the previous high in this case. It's the monthly high of February the 20th at 48.07. We've already gone to 51 what I say 58 or Was 60 so and it's walking the 14 period moving average Looking out. I like it because in this rectangle formation it can consolidate for a little while But the next level of resistance is up at 52 52 route nobs 5306 August of 2018 and then it breaks out if it ever goes about 57 point 82 the high of august 2017 And look at the way it's walking this very nicely. So it is in a consolidation area if you're looking out longer term I like it very much on a shorter term basis today's action So the day's young so far. This is exactly what you wanted to see after the gap up yesterday Is a follow through preferably with the close above yesterday's high of 50 point 82 Magde's cross positive stochastic still very weak at 71 on balance volume hasn't shown strength But yesterday it the nine period crossed the 14 period. So that is a good sign So I'm going to say If you're looking out now if you took about a trade I would do it in a different way I'd have less of a position on at 50 point 61 if you've already got in And I would have to have a two point stop Just to initiate the trade and if it manages by Monday I'll exclude Friday, but if Monday it's able to close above The 50 75 high of the first of march close above it That will say it's targeting a leg d And that will be above the high of the 16th of February and it'll do that fairly quickly. So I'll give you three different Perspectives one is the monthly that's still very very positive One is the weekly that's gone to a peak b peak c Let me just put this in some people that were looking we don't know my work can see that's peak a This is so that is the up arrow because it's already gone to a c And if the 90 is above the 14 I don't like the fact that the stochastic says 70 percent I also don't like the fact that the magnate is just kind of flapping around up and down and up and down And no real sign So on a purely technical basis There is more there are more positives than negatives because price is the arbiter of the trend and that price is looking good Um, so I do like it at 50 point 61. I start the position I would not get the full position I'd wait because if there is a minor pullback and I say minor in the sense that by Tuesday Wednesday It hasn't touched 50 point 80 or 51 instead. What it's done is it's uh pull back a little bit But it's holding about 50 point 20. That's still very good action. Hope that helps Okay, now what we're going to do is we're going to go questions questions all everywhere Let me just see Yes, so uh, I want to go in sequence here em Yes. Okay. Yeah, we got em. So we're going through all these different country ETFs em had a big spike up yesterday It's trading one moment at 40 point 80. The next thing you know, it's up at 43 78 hits the 44s And it's trading right now with a higher 44 58 Um trading at 44 27 I'm a little suspicious of all these moves. That's the reason why subscribers know I didn't get too carried away today I said there's one that we missed yesterday I still like it. I'd like it on a pullback. We have enough long positions Which are actually doing quite nicely today. I I'm not getting carried away. We only have longs. We have no shorts And that's been this way for a little bit and I I like it if you're looking at em I'm just going to say emerging markets ETF for me has a greater risk potential I'm not sure exactly what I'm just talking about the chart Because if it doesn't by Tuesday trading to the 45 80 46 10 area, let's go all the way to wednesday But instead gets close to yesterday's low Gap up low of 43 32 That's only a dollar lower than wherever we are. I have to say, uh, oh not yet ready for prime time Um, and that's the same thing with the FX I the china, uh, etf the big large cap etf Huge move down one now. I'm talking about saying. Oh my goodness. Look at the way It's gone from 54 in february of last year Down to the low of 26 something other 26 13 On the 15th and then yesterday not only what you're far as stocks. You always get gaps the huge gap though an island reversal Spirals from 26 to a high of 32 six points You know that is what 30 30 percent that's a huge move 20 something percent And now what we've done is we've given back and this give back today in these stocks telling me that's the reason why I did not jump in to those stocks that I said all the like the arkk I didn't want to have anything right now to do with it. Just the move yesterday was so Emotional and then technical because of the shorts and as I was doing tom show I said, uh, oh We're gonna watch because those people who saw who suddenly got short on the big slide when the fed came out with their statement um, and then saw such a quick reversal Must have waited until about 345 or 15 minutes before the belts is Now we're gonna get that big pullback and a statement closed at the high of the day So they kind of squashed I mean that's that's tough. So I I think that there's a lot going on and you've got to be very selective Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com And tfnn's youtube channel with tiger tv live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions Live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows With expert hosts to help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor. You were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you looking for a secured investment which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying one percent per year or one thousand dollars per 100 thousand dollars invested The target first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. Petersburg, florida the investment is for four years paying seven percent per year or seven thousand dollars per 100 thousand dollars invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from one hundred thousand to five hundred thousand Do you want to make one thousand per year on a hundred thousand dollars invested A seven thousand per year on a secured tiger first mortgage the tiger first mortgage program Maybe just the program for you the tiger first mortgage program pays seven percent per year paid monthly For more information, you can call 877-518-9190. That's 877-518-9190 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Let me just do this before the break because tomorrow's going to be technical Friday I want you to go through this quickly. Look Tadc One c2 and then that's fired up to pd and then an e in the five minute chart and it comes back to where Look how important the 200 period exponential moving averages. That's the five minute in the two minute We went to a peak f and we pulled back under the 200 period moving average The big question for me and this is what I deal with throughout the day That's the reason why I love in every moment. I you know, I'm trading on I'm actually studying the charts for patterns that repeat this Must have been a brand new A buy signal To pd once you go to a pd you've kind of eliminated That left side low has to be the starting point When we broke down under it at 6 10 this morning to the 43 20 level you saw a brand new peak a Oh, I didn't see that 42 Yeah, the peak a Double top there continued and then it went to that b but that b was just 50 cents or so above the previous Technically, I need to say once you go above it And you started below the starting point that technically says that that should be a blue b In other words a buy mode it could still turn out But I then go to the short that would be so unusual that to break and not call it an e Because it restarted those of you do chaplainway methodology. You know exactly what I mean So in this particular instance, I shut aside the 10 minute and I say, uh, uh, I'm looking at all the different shorter time frames I've got a peak f top. I drew this in. I also showed you the rectangle I didn't have chance. I wanted to put the dreaded h pattern It failed went under the 200 period moving average that make 43 41 really important because it needs to get to about 43 50 to say I'm done with the the negativity I can still write what I said to subscribers today Is if if the guys only minus 40 holding off the two o'clock That's one thing but if it's gone positive and then it's pulling back you gotta watch that closely It would be fantastic if it's able to close 40 points or more above But the chancellor this is going to be a consolidation day. That's why we've got to be a little bit careful. Have a wonderful day