 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. Good morning everyone, Basil Chapman here. This is the Tuesday 24th edition. We're looking at the 10 am. I will be doing the one o'clock show this afternoon. I believe I'll be able to schedule it in. The Larry is doing the Las Vegas Money Show, so I believe I'll be able to fit that in. So we're looking at the Dow down 30 at $32,846. Now, this is so fascinating. It was with disbelief when I said the other day, a couple of people said, are you sure that we're not going to just tank or we're not going to climb high? And I said, no, I think what we're looking at here, if I'm correct, that the nine period exponential moving average, I'll be talking about this in my webinar coming up a week from tomorrow. I'll be talking about how you can use certain tools to stay in positions longer than you ever dreamed you could. And at the same time, where you've got to be careful, where you've got to be careful, shorting when in fact the technicals are saying on one hand, oh, this is where you're going to go down. If the price says you're going to go down, but the technicals are saying, oh, be careful. And this is the case. Look, the Dow, since that peak D, the top, that was the high that was made on the 14th of April at 34,082, and I said I'm a little worried because it's below the previous high that was made on the 14th of February, 34,331. I don't like failures under the previous high because it says, oh, we didn't even have enough power this time to take it out decisively. But what happens is if the nine period moving average is so far above the 14 period moving average, to get that to cross negative, you would have to see a Dow slide into the 33,000, probably 300s, and then it will turn down. So as it stands right now, what we're looking at, and yes, we did take positions off the three times long positions we have. We still have our core position from October and of course being something that gets reevaluated at the end of every day, we should be up much, much higher, but we're still up very nicely on that. The diamonds are actually very nice because it's almost one-to-one to the rally, but the fractional moves that get changed at the end of the day when these get recalculated says that yeah, it's still fantastic. We had great trades going up and we've now got none of those in terms of the very short term. But what we did do, and this is something that's going to be questionable, we did go because if the Dow has gone one, two, three, four, five, six, the day is not even an hour into the session. So I can only say at this particular time, at 10.09 a.m. Eastern time, with the Dow down 52, at 33,822, this trend line that I drew in, little chap and wave inside, well, I'm not going to be talking about it inside, it's going to be tiny, but it is a channel, it's a down channel, and this down channel says that the price is still above the nine-period moving average, the nine is still way above the 14 period, and that's 33,828, where we are, and 33,691 is the 14-period moving average, and to get that nine to squeeze down, it's going to take a lot, it's going to take time or price, or time and price, or time has been in favor of just holding here in a, is this a distribution, and it will be a distribution if the MACD, which is just as we're speaking about a very close to turning negative, but it hasn't yet, stochastic is negative at 70%, the on-balance volume is pretty good at about 60%, so that's the rep to a strength, the on-balance volume, the blue line is quite weak, and it's just saying that there are three factors that are very important right now. One is that we've used time to consolidate. Is this distribution, it'll be distribution if a week from today, Tuesday to Wednesday of next week, the Dow is trading below 33,500. Why? Because at that point, you were used up all these little bouts of buying on every dip, and every little bit of selling as it rallied to say, uh-oh, there are fund managers that are putting new positions on for the second quarter, and they'll probably doing quite a bit of selling. And we'll talk about that in a moment when I look at some of the key stocks. We're looking also at the inside track repellent zone in the weekly chart. This is the third week that it's been in this little zone right here. If it starts to fall, then the 33,400 to 33,300 becomes a really important support, but you can see that L says that the nine-period moving average has just, for the past three weeks, been slightly higher, and that is a good sign. The MACD has been higher. The on-balance volume is at 78%. That's good. Look at the on-balance volume. What is going, there is no volume coming into these rallies. I don't like that. And if you look at the monthly chart, you've got this incredible 36,952 all-time high, January, peak E in the next month, or high, so it becomes a peak E. You've held really well. And just like the weekly, you've got this down channel. There's a little mini channel right here as resistance. We need to see this. We've got a couple of days to go to wrap up. April, is there time to push right above it into the 34,000s? I think we're kind of running out of time to do it this week. We'll see. Days young, weeks young. We've got a lot to do. Now, I'll run these quickly because they're not as important to me. Only in the sense that the S&P, as I said the day after the high was made, we weren't short the S&P, actually a little bit aggressively short. And the reason is, it seemed to me from the action that I've been looking at, almost all the charts and the fact that we did a chaplain wave falling out. This is what I'll be talking about in my webinar. I'll be teaching these techniques. Here's this. Let me just draw it in right here. So let me go there. There it is. Okay. This particular pattern, where price runs up to maybe a DE or F, and then it starts to make low highs and much lower lows, and then it stalls and it tries to rally. And then it makes almost like a V shape or a cup shape formation, takes that resistance out. You can go one to one in a parallel move using the same diagonal, the angle would be exactly the same, or the number of bars. So what do we have here? We have a chaplain wave falling out formation. This is just a declining cone, expanding cone with lower highs and much lower lows. And then it takes out that resistance. And then what we do is we start to do a measured move to the upside. And that took us almost one to one to the level over there. But that was still a little bit conservative, but I've kept it. And it's almost exactly at 41, 69.48 on the 18th of April with a long-legged doji just before that and then a move inside and then spikes above, we can't close above. As I'm looking at the on-bounds volume giving a really good clue that there could be some kind of reversal, that just says to me that there's a greater chance that the S&P will quickly, more quickly than the Dow, have the nine-beard moving average close underneath the 14 to change to pink instead of green. And that'll be a negative saying, you've gone from a cell signal, probably upgraded to a cell mode. I haven't yet got the cell signal, so I've still got a red plus sign above the F, just in the Dow, I've got a red plus sign above peak D right there. You see? Oh, I haven't even changed it yet. It's a black. I would change that, but there's nothing to do here because the Dow is holding much better. Look at the QQQ. QQQ is arching over. This is a pattern that I call. Right here, let me show it to you. I call it the dreaded H-Bat. Why is it the dreaded H? If we take out the left side low, you can go quite a bit lower. I'll be back in a moment. The Dow's down 92 S&P's down 28. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tommy O'Brien is here to help. Tommy O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tommy 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 markets 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 Tommy 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.com. TFNN Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, or the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today to become a part of this educational community of traders. Just visit the front page of TFNN.com. I'll do a little bit more of this at the one o'clock show. I know Larry loves to do this during his shows. I'll do it as a tribute to Larry. I will do some of this live as we get there. I'd say to the Dan when we're at about 4137 in the E-mini that 4130 is going to be the near-term support. You can see in the 10-minute chart there's just so much to discuss. I had this. I'll just do it real quickly now. Look, remember that long, narrow rectangle? I said that can go on a lot longer than your patience. I drew this blue dashed line in the middle. I said, if it takes it out, be careful because we could take out the base. Well, we've done that. These techniques I will discuss. Then we had a little mini rectangle right here in the 10-minute E-mini. A little mini went to peak A, B, C, D, and then an E with a doji candle turned down. It came to the 4130 level in about a little quicker time than I anticipated, but it took it out. Now that's going to be your next area. In fact, now the new resistance is 4129. New resistance is at 4136 to 4137. I still see some buying coming in. I'll talk about that as we move on, but let's just do this. I haven't quite finished. I had a question about platinum. I think it was yesterday or the day before. I said by my work, platinum has got a left-side, right-side price time match, not to the plumb line of March, but to the plumb line. Sorry, end of February, but the plumb line mid-March, and that took us early March about the 6th, and that would take us to about the 23rd, 24th of April, and we've done that to peak F. We went to peak F. Now platinum is starting to rest a little bit off this beautiful cup formation and the monthly chart. This is the dating. If you look at the weekly chart, you can see that there's something a little unusual here in that not only did we make a beautiful cup formation, but we've gone to an alternate count F slash B. Now I have a little bit more weight on the F. That is, we are now a little bit toppy, and we could be taking a bit of a digestive phase, but if the MACD, which is still very strong, and the stochastic, which is only at 68, is able to get to 78, and then 82% in the next week is the weekly chart, then I would say great. Now we're looking at a chance that it could start its journey towards the 1200-moment mark. But at this particular point, 1060 to 1040, 1030 actually is going to be really important support. It said 109, 1094 had a question about, could I revisit PCT? PCT is pure cycle, tech, ink, recycles contaminants into pure polypropylene. Let me just have a cup of tea here. Okay. Had a beautiful gap up move today. Maybe it's earnings spiked up to 654 from yesterday's 520 or so level, and it's given almost all of that back, but it's still up 43 cents. So within the context I had said, I'm not sure that it's ready yet for the big move up into the 750 area. Wow, it certainly had a chance today. It went to 654. If that held, then I would say if, on a closing basis, it closed above 648, that would suggest strongly that the price could push the MACD up, push the stochastic, which is only at 7.91 up. At this particular stage, I have to say just be real careful. I don't think it's ready for the big time yet. It's still trying to build a base, and the base has to be between $5 and $4 over the next month. If at any point it starts to close on a weekly basis above 687, maybe 687 to 705, that would be really good action, but it hasn't done that yet. So let me just go back here. I want you to show you gold. Down just three, stuck in this range, and I've got this big rectangle, which I drew in quite some time about a month or so ago, and I think I'm going to stay with that. Yes, there's a chance that it's going to make an arch formation, but as long as those financials are acting as poorly as they are, I would say that big money, I don't mean mutual funds. I'm talking about countries are going to use the opportunity to buy some gold. They usually go to the best currency, but the dollar is still under pressure, and we've got this talk about different currencies coming in to try to take over at least to make a dent in the dollar as the premier currency. So as I'm looking at this, I have to go to Silver as well, and Silver is trading down 54 cents at 24.77. That peak F is going to get instead of a red plus sign, it's going to change to a sell signal and then a sell mode. If Silver, it doesn't have to close there, but if it touches 24.26, then I probably will upgrade almost immediately from a sell signal to a sell mode, but we haven't even got a sell signal yet. The day's young, but is that pattern that I spoke about the dreaded age straight down and that it makes an arch formation is taking out the left side. If there's a close under 24.715 continuous contract, that was the low of the 19th of April, then there's a real, you've got two bars, I'll say three bars in which to close above it. That would say, okay, now I can bounce a little bit to maybe a moving average resistance, but if it doesn't do that, that says watch that daily because that's going to impact the weekly. Yeah, you've got an alternative count as well. It looks more like an F than an A to me, and you've got the inside track repellent zone in the monthly chart that says, woo hoo, back under that trend line. So we're going to be watching that for the Friday afternoon close of April. So even silver's weakening a little bit, but only weakening a little bit. As I said, I'm real close to a sell signal, but I haven't given that because the nine is still way above the 14, this little showing inner strength because today is the day that both in the Dow and the S&P is where there should be an acceleration into the close after five sessions, six sessions of really small, small little candles. This is where you either get the big move to the upside or the big move to the downside. So 136 is my rule of thumb. We're on the sixth day. Let me just double check that INDU. Is this the sixth or the seventh day? One, two, three, four, five. This is the seventh session. So there's a session that says, well, if the if the, if the Dow holds just steady here, it's down 79 and by the end of the day it closes down 35. That's one thing. That's really good action. If it means distribution, yes, but it also means it's holding very well. Wow. If there is a move down 175 or more off the three o'clock, that could accelerate lower. We'll see. But you've got now, I wanted to do this just to show you, look, high grade copper. Look at this move. That is a whopper and someone had asked me a couple of days ago about CSSO. That's a copper company. Let me just do this right here because I've got the weekly chart. I've already got a cell signal pretty much like a cell mode in the copper. Look at this. SCCO. This is Southern Copper. Where is it? There it is. Southern Copper. Leg D in the multi chart. Peak F slash A in the weekly chart and a peak D in the daily. I'm really close to putting a down arrow there. And I've got a midpoint, a mid channel line at the 75, maybe 50 area. So I'm watching this really closely because FCX is in the same category. Oh, this is already, and let me put a down arrow from the doji peak D high. We had failed to get to the left side high in a price match which was perfect except it failed by about a point to get to the exact level on the exact day. So yeah, I'm just, I'm real cautious here. I just don't see any reason to really go out on a limb and I'll be back in a moment with tons of things I want you to look at. I want you to look at some of the medical instrument companies I was asked if I would look at. I will be back. I'll be back in a moment. That's what Captain Tiger is out. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency in bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver bonds, the XAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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This segment is brought to you by Think or Swim. For more information just click Think or Swim banner on the front page of TFNN.com Hello, we're back at 8.30 p.m. and we're going to go straight to Ari and Arcadia. Ari, how are you? I'm doing very well, though. Since then we've been discussing WPM. We've been discussing WPM. We've been discussing WPM. We've been discussing WPM. We've been discussing WPM. We've been discussing WPM. I sold put. I sold some I sold 43 put. All my puts are in the money, but it's wonderful. I sold the May 43 put, they're all in the money so I don't have to worry about anything but it's stalling so I'd like to get your opinion about it. Okay, What we're looking at, Wheaton Precious Metals WPM trading at 48.76 down 61 cents, has made this little pyramid pattern that goes straight, it's like an Eiffel Tower goes straight up and straight down, but it did go to a peak E, the MACD at that point was strong. The stochastic was suggesting that it's getting a little toppy because the right shoulder was weaker, the unbalance was weaker as well, and now you start to see a pullback and the nine period moving averages within a day or so, let's just say it's within a point of crossing negative. So what I'd be looking at in this particular instance, just by itself, I'm going to just for the moment, I'm just briefly going to show SLV, which is at a peak E off the Chatham Wave, Cynandogy candle the day before the actual big red candle at E was made, it's almost the same pattern. There's your dreaded H pattern in the thing and it's almost like a head and shoulders pattern, and it's about to test the next and let's go back to WPM, WPM, there it is, and you can see that it has a pretty similar pattern. It's got a little mini dreaded H's right here, so what I'm going to suggest to you is watch closely, you see how we've taken time, I always talk about time as if it's as important as price, because sometimes you can use time in a digestive phase, we've done that in the DAO so far, we've done a little bit in the S&P, and sometimes you can use price by going straight up and straight down or just taking off on the upside because it's using an accelerated momentum and that's using price. So in this particular instance, what we've done is we've used time and price and then all of a sudden when it hit on the 19th 4881, it kind of stalled and now for five days, even as we speak, it's at 4882. So this is saying to me that there have been determined buyers who keep wanting to get the stock, they will be extremely disappointed if it takes out 4750, I'm just doing this by eye, let me just double check if that's correct, 4774 there and then as the 7452, yes. If there's a close, it's not just a test, it has to be a close, if there's a close under 4750 and it's at 4883, so it's $1.30 lower and even today with the selling pressure in gold and silver, it's only down 53 cents, it's really one of the big winners and one of the strongest stocks. If there is a close under that 4750 level, I think the whole area of this candle on the 27th of March on the way up, that big green candle, 4726 was the high, 4570, that's going to be the candle. So now what I'm going to do is we'll see if I'm right or wrong, I'm just doing this based on my experience with this particular pattern and normally I would like to go to the midpoint, the plum line, that would be the line that we're looking at here is the high that was made right there, oops, let me just move it over right there, but my eye says there's a lot of work to be done and that's a little bit that would take me to round about the 5th of May at 4590, so I'm going to just move it along and what I like to do is to say where on the left side, and this is what I'll be showing you, when I do my webinar week from tomorrow, how you can draw in these trend lines that give you very good clues. So let me do this, I'm going to match this up and I think it just misses, so I would need to extend a little bit to the right, there it is, there we go. Yeah, it needs to go a little bit to the right, but that's okay for now, it's gives us a clue at least. This is just a guideline, this just says to me, this is the pattern if it continues weaker, but the fact that it's gone sideways says don't rule out the fact that the line period moving average hasn't yet crossed negative, so don't get too carried away because there's still internal strength, so I'll then say okay, the what ifs has to include the downside and you would also like to know what's on the upside, what do I have to look forward to say, hey, wait a minute, I'm wrong, it's starting to move much higher, and what I would say is this candle high, the candle of the 18th of April at 50.85, if there is a close above it between now and this coming Tuesday, Monday or Tuesday, because it's going to have to happen quite soon, if there is a close above, it says whoops, be careful, there's still enough residual strength, and you can see in the weekly chart the 9, the price is way above the 9, the 9 of 47, 38, the 14 period moving of 45, 97, the MACDs goods, the casics still above 80% to 84%, so I wouldn't get too carried away because it's got to go step by step, so the daily has to lead the weekly, then the weekly has to lead the monthly, which went out of its inside track repellent zone for a moment, and now it's testing the trend line, so this is a really important week coming up, and I'll mean the week going all the way into next Tuesday, the Tuesday week from today, so right now it's down 63 cents, it's accelerating down, I think you're correct in looking for a digestive phase, at this point I'm saying digestive because it's had a spectacular move from about the 37 level all the way to the 52, 53 level, that's fabulous, now it's just digesting it, so that's what I'm looking at, and I'll give you a time sequence as well, it says that my tomorrow 4781 will be the Chapman Wave inside wedge target support line, and it just goes down by about 30 cents or 40 cents daily based on this, but we haven't even gotten close to this line yet, but I am putting it in, and I'm just saying to you, I think it's digesting big gains, and I agree with you, it is pulling back, but the level I'd be looking at as a target would be around 46, and let's talk again if it gets to 4680 in that area, let's see whether it's time to find some support, and it's going to have a decent ready from there, or if it's going low, I hope that helps you, Ari. Thank you so much, Basil. And congratulations, you really worked this one very well, and keep it up, thank you for calling. So, folks, we're looking now at the dollars down 120, I remember this is the day where we need to see an acceleration away from the upside if I'm correct in saying we've had a digestive phase, we've had a distribution phase, and now comes the success rate for those who were determined to short or sell against those that keep wanting to buy, and I'm just looking at this and saying it's a process, and I said that a week ago, I said, folks, it's going to be a process, because the nine-period moving average is so much higher than the 14-period moving average, so think of it as something that has to work its way, and it can either do that very suddenly with just a horrible series of bad news stories coming out, and the market responds negatively, or it's just a series of lower lows and lower highs, and I think at this point I'm still thinking, certainly in the doubt, that it's lower lows and lower highs, then I want you to look at stocks like Agilent, just in the medical technology or scientific solutions, a couple of people asked me about it, I'll include Metronik here, I'll be back in a moment, Basel Chapman, Tiger Technicians Hour, dollars down 190. 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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 markets 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.com tfnn educating investors. Biotech is booming. 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Key Supporter close under that says it's going to full the gap even more. I don't know what these are. INS, BIO, INSBIO something Inc. Anyway, all I can say is that the weekly chart and there must be a new story out and today the new story is still there as a functioning aspect of its buying potential. But we'll see because the day is young and all I can say this if if INSBIO can hold and buy today is right now it's 10.43 AM if by 1.28 to 1.43. Yeah, it's got to be just after 1.30 in the afternoon. If it's getting close to 2.99 then there's a really good chance it's going to try to test the high of the day. And if it breaks three, there's a real quick move to 3.25. I'm actually seeing it all. That's that's on the positive side. I'm actually seeing it a little bit more negatively here and I'm just going to say if my eye is correct, the open of a 2.27 and it's now 2.57 if 2.27 if a closer if it for 15 to 20 minutes if it's trading under to what did I just say 2.53 was the open if it's close if it's trading under 2.47 there's a real good chance it's going to test the low of the day of 2.43. So really be a real careful. H-O-L-O hollow I actually followed this yesterday I saw on Tico somewhere I saw H-O-L-O and I thought oh hold on then I remember it's actually H-Halo. There's a foundation that I like to donate to here in the Boston area. A friend of mine started it. It's it's for disabled children, handicap children, and it's it's really for the children and it's for the for the parents. Can you imagine what I just it's the courage the the tenacity the the temerity that people have because they have a child disabled. It's round the clock. It never stops. They never have a vacation. So this is so that people can actually have someone look after their their child while they actually take a bit of a break. It's a fantastic foundation H-A-L-O but meantime back of the ranch. This is H-O-L-O and we're looking at a trading at 2.13 down 70 cents down 24% and now look at this in the channel methodology remember we like to identify a bicycle that can go to a buy mode that can give you at least four higher peaks peak D. That's where other things can happen. It did it once from the low that was made at around what was a 1.0 something 1.88 on the 24th of Feb and then a spirals to peak D above the 14 period moving average Baccon close above it. That's a 233 on the 21st of March pulls back but it keeps hugging hugging that 14 period moving average and finally the 14 crosses positive to go positive and goes peak A peak B peak C peak D yesterday whoosh and it's going from the $1 area then to the $2 area and what does it do? It is $3 and 47 cents and yesterday. Today's low is $2 and 14 cents and $1 and 98 cents. Wow you I know what you're doing but if you are really quick you can play with fire as long as you are putting in stops you're watching it every second and you just keep taking off money as it's moving up and if it goes high you say that's fine. You're my cash cow. You don't want to be the other way around cow cash or would be the opposite of cash cow, the bull, whatever. OK, so yes and the other one is ACO in ACO in I don't recall seeing this. This is that a really big move yesterday went up into the almost 240 area today said 108. No, this one I wouldn't touch at all. This one is different altogether. Maybe this is the one that's building steam because it's above 200 period moving average, but I need more evidence right now. Just be careful because of closing the 0.95 it's done for now. This is like a one horse story wrap and then it gives it all it gives it back and today's even low. This is the one I'd be real careful of. The one that we were looking at that has a little bit more potential is the first one, which is INAB. So OK with that said and this one is called actor something certainly not activation, you know, a clarion. I think it's called a clarion. OK, so now we've got a couple of things that I want to do. So here we go. A is Agilent. We had this ages ago in the subscribers. We had huge gains all the way. You remember when this is the one that there we were long back in March of 2020 ran it all the way up to of profits profits and then got out completely. Then it had a really good move. But my suspicion is this Agilent technology scientific solutions for labs and businesses. It's a great area. I think it's just a little under pressure now and it is in the day look the 200 period moving average at peak D has turned it into a potential arch formation. This is a dreaded age pattern. TMO is the one I always put together with it. One that I've seen forever on Route 128 in Boston area in Waltham and yet every I think we've owned it just one brief period and yet I always talk about a fantastic company. There was this guy that started it. I can't remember the Greek name. What was his name? Oh, he did everything he did was right. He just it was like a monster to the upside. But it's been stalling. They've been taking announced thermo Fisher scientific Inc. medical equipment that it's had a little bit of a problem recently. So it went to a peak G in the daily announced at the 200 period moving average of five out of six. I said when I do my webinar, I'm going to talk about some of these because I think this is an area for a little later in the year. It's they're going to come back really strongly. I should put ISRG and I didn't really but I haven't I haven't even noted and went to peak C that goes to a D E and it's stored at a peak E right there. Yes, your little stalling formation. It says little distribution maybe and then it starts to fill in the gap of two 99 intuitive surgical Da Vinci robots peak D in the monthly chart way back in 2022 up in the three 60 area. I think it was comes all the way down to 180 and now it's up to two 99. Yeah, great companies, but also I think Boston scientific also in the Boston area Boston scientific. I remember the CEO. Let's see. Oh, in fact, the brother of the CEO was a his son was a very good friend of my son went to Newton North together. So 51.49 right now Boston scientific at just having a well deserved break after making. Is this an all time high? I can't I can't recall. I should know this very well. Yes, all time high now taking a bit of a digestive phase Boston scientific BSX 51 50 up 16 cents. It hit a double top chapter with two bar reversal 53 20 on the for 20th of April and 53 21 on the 21st is what I call chamois two bar reversal where it's fractionally different either a little bit high or a little bit lower and then it takes a dive and that just says ran out of energy double top. Be careful. That's just on the on a parallel bar. In other words, not a double top making you shape a pattern. It's just that two bars right at a high or almost in this case in all time. I now it's pulling back. Lovely chart. I think that it was coming back to the 47 to 43 area. Someone remind me because I think this could be ready for another nice move to the upside. I'll be back to the final segment and don't forget. I will be doing the one o'clock show and I reshow our that's not a show. I'll be thinking is our does down 70 years to be down 27. I'll talk about what I'm anticipating today. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors 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 A question about where I buy B-I-I-B or starter position I'd wait but we have great why is it all notated? B-I-I-B is a biogen ink is trading down five and a half at 287. I'd wait for 280. Oh, your question was 286. No, no, no, no, no. I would wait longer. I'd wait. I'd have patience. Just this is the moment that you need the most patience ever. Don't be so anxious that you want to start buying just yet. You have to wait. That's why Wednesday a week will be just a perfect time for a webinar where we've had some digestive phase and now we can be looking at stocks. Is this the time to buy or is it still early? But I would say 283 to 280 is the level that I'd wait. So what I'll do is in Larry's I'll do more of this time sequence in my notations of the like the E-mini will do whatever will choose gold or something like that, whatever it is. All right. Right now what I'm looking at is the dollars holding really well look down 73. There's to be as much as we get down 28. So my contention here is it's a process and the process says that the Dow holding well at some point either we've got so you've got Microsoft in the in the Dow you've got Apple. So those are going to be key metrics in the big techs. Microsoft looks to me like if it doesn't hold 270 it's a 279 if it closes under 277 the next two days the 271 to 270 area by first week of May would be my target. We're looking at Apple which has been also holding extremely well. Look at this. It's a big deal doesn't care about the market at 165 down 17 cents. I mean is this one that you want to add to a portfolio if you haven't we'll be talking about that because it's it's showing that it has internal strength technically look at the weekly chart how steady it is. So these are things I'll talk about. I'll be back in a few hours time have a great rest of the dowels and be back with Tom a little later this afternoon and I think I get the music that's where I hit the music do I beat you? I don't usually there it is I don't usually beat the music I'll be back in a little while and for the close if the Dow is less than minus