 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll free at 1-877-927-6648 internationally at 727-445-1044. Now, Basil Chapman. Hi, everyone, Basil Chapman, Tiger Technician Hour. This is the Friday edition, excuse me, 12th of April. Monday is going to be Boston Marathon Day. It's usually quite busy out there. It's a little quiet. So Euro-dollar currency pair. The euro is actually up. It's at 1.130. It had a very nice earlier spike. It's giving back some, stopping at the 50-period explanation. Moving average. This is good. We've seen so many of these U-turns that then fail. Will this fail? Well, I'm a little concerned here. Looking at the dollar. The dollar is down 31 pips at 96.87. I'm looking at this and I'm saying there's that cup. There's a kind of a handle. Nothing to see here at the moment, but the technicals did turn down with price. I'm re-watching this going into next week. I don't want to see it under 96.50. I like where it is right now and I prefer it a little higher. So the dollar at this particular point is acting pretty nicely. You've got Boeing is actually up. Boeing is up seven at 377.36. Trying to form some kind of support on this 200-period explanation. Moving average, considering the damage that could be done. This is looking at the, from the 446.01 all-time high. Just a month ago, first of March, a little over a month. Hasn't even hit the 200-period or orange line, the 200-period explanation moving average in the day. Technicals are improving a little bit. We'll see how they say, I just think chop, chop, chop. I think sideways range between 400 and 350 is likely over the coming four weeks or six weeks. We'll see what happens. Another thing that we're looking at here is, oh, I've got the wrong mouse. That's what it was. Waving it around. Another thing is you've got Crude Oil. I just wanted to show you something because Chevron came out with a bid to buy an Adarko that made the actual office take place for a 30% premium, I think it is. So Crude Oil right now, 64.30 up in the higher range. Remember, I'd said that this so far is good for the market. It's good for Crude Oil, but we needed to see how it held. And I said before, 62.25, which was what I thought would be a high. Once it broke that, it just went right through from P and D to leg E, now P and E with a high-level consolidation. MACD is good. Secastic good in the daily. Rictichart has improved tremendously. Bumping up against the 200-period moving average, 64.80 area. I like what I see here, but there's a good chance that you've got a range now between 65.30, maybe touch 66 and 62 to 61 as support. That's what I'm thinking here in Crude Oil. The TLT was pulling back yesterday on the day before. Yeah, look at that. A little doger candle breaks in the lower case. H pattern goes to a leg C to the downside. This is just suggesting to me that the TLT is telling us together with the VIX index, which is in the 12s, 12.35. It's telling us that there's a really good chance that as long as the volatility index remains low, under 13s or in the very low 13s to the 12s, there's buying pressure. And I had a couple of questions. One was, is this a perfect time to short or did we miss going along? Well, for the Dow, we did have a short position to work out for most of the week, and then there was a spike to the upside, so we're out of that. But I did not at this particular point want to go along, and I'll explain why. The Dow is the lagging index today. It's one of the stronger ones, up at 0.82, that's to be up only 0.40. Why? Because it's gone out of the blue. Suddenly, you got Boeing having a good bounce. JP Morgan came out, and one of the reasons why we are long, a bank stock, is that I've been looking at this and saying, the banks have done everything right, but it hasn't been recognized. And there's going to be a point here with banks, as well as I spoke about last night, at the conference that I was, actually it was a meeting of the AAII, and this is the amateur, American Amateur Investors Institute, I'm not sure if that's the name, but it was good to see a couple of tigers there, and it was very short notice. But I discussed the XLF, and I said, we need to see, I personally would like to see the XLF rally strongly, because if the XLF rallies, it means that all the hard work that's been done in the banks, that's not to say the on problems that will come later on, banks always have these problems, they create these problems, it doesn't matter which sector's moving, home builders, it doesn't matter market, at some point you find out that the banks are not doing something right. But at this particular point, they've done everything right, they've passed all the tests, they're in good condition. So for XLF, bouncing up 0.44, 0.2709, I like that, it's over the previous highs, legs C in the weekly chart with the technicals improving, so I thought that was very interesting what bank, the city core comes out on Monday, city group, and it's trading at 67.34 up $1.43, bumping up against resistance, but very nice action, leg D, and this is the reason why I didn't feel like I really wanted to jump on a gap up on a Friday, long position on something that we haven't had a position up until now, right, we just went short, that worked out well for a short while, and then today we've gapped up, so we could take it out. But this is really important because city group is acting well, Wells Fargo came out, and they're always doing dumb things. So Wells Fargo makes a peak E right there, that was in the 52s, trading at 46 right now down to 0.85, down to $35, 46.38. Hey, that's a problem, it's mixed. Bank of America is on Tuesday, we're a long Bank of America, huge move up, it's up at 0.95 and 30.02, up 3.2% in leg B in the new buy mode, and it's leg C in the weekly chart. Hey, that's very nice action. I like this in looking at the overall market. It's important that some of these things be recognized. I don't know about Disney, I've never known about Disney. I remember just years ago, I'm talking about 20 something years ago, it could be even me more. A neighbor said to me, oh, their son has Disney shares, and then there was a period where, I'm not sure when he went to college if they sold the shares or what, and I said to myself, Disney has just been in the business for so long, and they've always, why does it not go in? And they always managed to come through, and now in this age is something I spoke about last night, and I did in my webinar, this age of anything goes, we're swearing's the norm. Disney, I think it could have a niche there. There are a lot, it's not recognized, but there are a lot of people in America who are saying to themselves, I don't like what's going on here. I like a little clean front. I don't need my kids growing up too quickly. It's quick enough as it is with the internet. I like Disney, and my suspicion is that Disney's playing a good game here, but it's not for right now. So this gap up, up 11 at 128, my suspicion is going to give a lot of that up over the coming few weeks. It's going to take a while to implement all these different things, but it is a good move for Disney. We'll be back in a moment. The Dallas of 2011 has a piece of 14. Baselchap and Tiger, Mr. Zell, I'm doing this right on time. Let's go commercially. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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The reason why I always do this, especially since this is technical Friday, is I like to show you that patterns repeat over and over. You've got your cup, you've got your arch, you've got your straight line move. As your cup that fails, right shoulder failure, pulls back, peaked in the two-minute chart, about 940, pulls back very sharply, then it stabilizes, makes a load about 1115 at the 220, 2902 level after making it 2914.75 high. Now it's making this cup formation. It's actually more like a ball formation, which says that this candle right here, that's the candle at 1040 at 2908.75. That's going to be that area between that and the top of the previous one of 2908.25. This is going to be a little bit of a resistance here, how it handles that's going to be very important. The peak effort was made in the five-minute chart right there. That was very significant because you saw fading stochastic. Now it's a very nice rally to the upside in leg B in the ups. I'm sorry, leg C, leg B, leg C. C in the five-minute chart, only leg B in the after peak E-top in the 10-minute chart. Make it real simple over the period of the day. JP Morgan was up about 4.80, and then all of a sudden it was only up 2.90. Now it's double there. It's up 5.57, almost at the high of the day, 111.78. That's the reason why I didn't want to have any. Even if I was thinking of shorting the doubt, where do you short because there is bursts of energy when you get gap-up openings because of earnings reports, and then the conference calls pretty good. Wow, especially if it's a very significant sector and index stock. What do you do? Well, two things. One is you have to hold back. You just have to say, let this play out. There's a lot of resistance. Oh, I hope I have time. I want to show you all the different resistance points coming up, but I just wanted to show you if at any point the E-mini today starts to climb above 29.15. That's a really positive action. It means that people are thinking really good earnings may be general Goldman Sachs on Monday. They want to be in this market, and that's going to be very positive. If there's a reversal, it really has to go underneath 29.00. I'd even say 28.98, and then there's a problem. Then you're going to give back a chunk of the gains. There's just a little too much buying going on right now for me to be thinking of anything other than that there could be a late hour give up the ghost sign of enough shorting I just have to buy, so be careful there. Next thing I had was, let me just do this in sequence. Don't want to go out of sequence. That's there. I've done that. I've done that. Yes, so what we need to look at here was the Euro, the U.R. USD had a nice balance. The USD, J-P-Y, that's the yen, currency pair, dollar yen currency pair, is up 0.35 in that leg B. I really think this is going to make that missing leg D that we've been talking about for four weeks, and we'll see that other one that we waited and waited for back in October worked out in the weekly chart. Now, I think that the weekly chart has that coming to it, this is a leg B up. I think that's good, and I'm a little surprised that the dollar hasn't acted as well. And look, using Chapman Wave methodology, there you go, left side, right side, price time, let's see if that's going to work out. Go right there, click, click, green because it's going up, pink because it's going down, and there it is. What was the day that you should test the high of the 5th of March at 112.138? Today was a day, where did it go? 112.03, a fraction away, and there's a left side, right side, price time match, I'm sorry, left side, right side, price time match with Chapman Wave inside wedge repellent line, target repellent line, and it says today is actually the day. It says missing a several, time-wise, this is the day, price-wise, but it says about 10 cents off, testing that left side high. So that's what we're looking at there. A couple of things I had to get to. I promised myself that questions lining up. Yes, remember IWM, we had that whole thing. I had to call the other day and I said, how could you play using options, et cetera? Even today there's a nice spike up, up 0.41, at 157.53, it did get to 158.16. 159.50 was the level we were looking at from the high of 26th of March, 28th to 26th of March, and I have until the 19th, Wednesday I think it is, but I have till next week to get to that level. Let's see if the IWM is, the technicals are good. It's actually struggling a bit on price, but it is moving high and that's really good. It has sneaked out of the Chapmanway inside track repellent zone, but this is just the first pop above it on a weekly basis, that's going to be important, but it does say that 153.99 to 152.80 is going to be very strong support if there's a pullback. Those are the things I wanted to cover. Crude oil, I think I did crude oil, crude oil, crude oil. Yes, holding very well. I drew the rectangle formation, high grade copper, high grade copper, HG, HG is trading up. Yes, in this range, remember I drew this cup formation, everything's cup or arch formation, even if it's a V, it's a kind of a cup formation, and it's holding very nicely here. That's copper. Next thing I wanted to do, TLT, that's what I was going to talk about. TLT is suggesting that money is coming out of bonds the VIX index is confirming this and going into stocks, at least for right now. I'm looking at this and saying it's going to be real tough at 122.83 and the TLT, the Lehman T-bond fund for this characteristic to change its stripes and suddenly move to the 125. That's where you see sudden pressure in the dust. So far, good upside pressure. Oh man, there were a couple of things I had to do. Yes, transportation. What was the question? Just to tell me what's moving, JVHT, K&X. Yes, transportation index, the IYT will go to the ETF, trading up very nicely, up $1.75, a 0.90%. Wow, that's even better than the Dow. At 95.73, we're up 10 points for subscribers in our long position in the IYT. Hey, let me just do this for a moment. We've got a little time before the break and now let me show you something if I can just get that. It's not there, it's not there, it's not there. It is there. So what I do for my subscribers, every day I give whatever stocks we have, I'm looking at them, I'm trying to, as much as possible, I try to show the different timeframes, what we're looking at, why we want to buy. This is LPG. I spoke about it two weeks ago. I've done all the work for it. I actually put it in with a cup formation with a Chapman wave. I'll put it in real time here. LPG, I want to go through these just to show you the work that I do. Whether you like it or not, you can decide if you get a subscription to my opening call, some money back guarantee and you'll get my webinar that I did a week ago Wednesday. I'm really proud of that. I think that nailed just a chunk of stuff that is really important. So we were right there at Leg C at 6.50. And I did this work, because I left my right side price, time match, inside wedge resistance. Everything says we should get to the 6.60, I think, level. And I didn't know how to get in, I was waiting. And it climbed and it climbed and then it ran all the way to $8.35. We missed that. I'm going to show three more misses, but I want to show the work that goes into it because a lot of people have used it and done their own homework and have benefit. I'll be right back. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy 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, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Here's your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. 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Don't miss out on this incredible new piece of software Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com Hi folks, so let me just do this LPG was one of the stocks that we were looking at. It was over here in Leg C and I was saying this is, look at that, should be a little doging and a pullback and then we'll get it. I didn't even put it on for my subscribers but I had it already. I think I showed the chart but I didn't actually do it and I didn't even know what it did. Dorian LPG I found out afterwards liquefied gas shipping and what did it do? This Leg C went up for after I discussed it. I even mentioned it just once but we didn't have it. It went up 1, 2, 3, 4, 5, 6, green candles to a Leg C from 650 to 835. Now it's pulling back single leg A in the weekly chart and what did we do? I don't know because that's a very unusual move. Another one we had was MWA. We actually had this. We had it for a long time. We got stopped out because I kept the stop a little too tight although I liked the chart. Then we just missed getting in about three days ago and then it goes from 1023 or something to today's high of 1079. Another miss, I just I'm talking about the misses because look at the work that I did. I showed all the different things. I just wasn't sure with the market as it was with the doubt pulling back whether it would impact these smaller these low cap stocks. I mean, that's the problem you have. Are they going to hold or are they not going to hold? Yes, there was another one that was LTS. It's one of our absolute favourites. We had it. We had it at $2.78 or something. And we got stopped out for a break even trade because this one when it moves it moves really quickly. Well, look what it did. Stops us out and then it rallies. One, two, three, four, five, six. Today's the seventh rally day with $3.49. I'm showing this because you can see the left side, right side price time. I did all the work that shows you the characteristic. But when I have subscribers I like to know that I've got some kind of a stop. I've had risk reward to me is really very important. A couple of days ago we had YRCW as a position. Just missed it. And it goes from an entry point that I wanted in the low sevens. And it goes to today's high of $8.67. There's the same pattern. I wanted to show that to say that there are people that get my service, they do their own homework and then they make decisions not based on what I'm saying based on what they do. I love that. That's really important. And then there are people that take what I have and that's fine. I put the stops in. I'm responsible for those whether they work or not. But I wanted to say it's the work that I do is educational. So what I love is that my traders corner and my service I really try to make it an educational form. Every single day I give a little class on what we're looking at. Win or lose. Doesn't matter. Now it's got leg D in the YRC YRCW YRC Worldwide Inc. Custom Deliveries weekly chart leg D. So now they're getting a little bit top here, right? The question I had from Hector was NBEV. This is one I featured very often here. We've not owned it. I think maybe we had it just once very briefly. And what happened was there was some news related spike. So what does he say? He says, Hi Basil. NBEV has me pulling my hair and trying my patience. On Monday's move I thought for sure this would continue up to test the 7.795 mark. Instead of pulling back on very high and very light volume do you see NBEV making a run to the top sooner than later? Thanks. Have a great weekend Hector. Thank you Hector. I spoke about this move the other day someone in the den mentioned it. I thought it was very important but it had the characteristic of a gap from the 200-period moving average of what we call the Eiffel Tower or the single leg the single leg A up. Let me put that in and I'll explain what that means. It's a pattern you'll see me put in here very often. We get a very could be even a B to the upside but it's like A and then a tiny little maybe peak and then immediate spiral to the upside and then what it does is it gives back a certain amount. If it's the futures you can sometimes see the gap up in the futures or when the Fed makes an announcement you can see that and you can give back all of it coming the way back within days you can get back to minutes sometimes you can give it all back so this has the characteristic the weekly chart is the one that worried me when I saw that spike because the week needs a lot of work to be able to really spiral to the upside and hold the upside I think it's going to take at least another one or two big attempts to get towards the $6 level before it really takes off. It is trying to form a base but if the low the 8th is taken out and that's 525 it's at 554 right now if that gets taken out and then gaps down the next it's the biggest island reversal in the shortest period of time. We've had a long time. Please Hector be careful with this and if you are trading it because it's new age beverages in the cannabis sector these things can move very quickly and they can give back very quickly so I'm just saying rather wait for evidence in other words that big spiral up on the 8th if it then pulled back and didn't take out the 610 level $6 level like a 50% retracement that's my rule of thumb with these what I call single leg A up syndrome reversal candles that would have said if it held and all of a sudden you were above the high of the 8th of 6.27 you're trading $7.30 I'd say Hector this is great just make a reasonable stop let it run have a trading stop for this kind of move because it's going to be real difficult without that same kind of news to break out so I'm just saying to please be careful and treated with a lot of delicacy here volume it's got a huge volume volume is not the issue it's being able to get out if there's an overnight gap or something like that in a low price stock I'm just saying I'd rather treat it as a daytime trade and every time the 120 minute chart let's see what it does it's close to another a balance attempt if we can use that if we can use a shorter time frame for the balances and each time take a little profit each time take a little profit and treat it as a trading stock right now because until it really makes the V shape pattern or a cup formation with two bars on the right that are making higher highs and higher lows you've got to be a little careful hope that helps you and Greg question you got morning Basil I looked at starting position HQ why I don't know if I've ever done this HQ why I know that during the earlier break I did a little work on this but I don't think I've ever health or health equity Inc. I've seen this but I've never done much with it other than look at it for someone so it's trading at 7423 I'm looking at starting a position HQ why as it pulls back to its gap up area so that's the gap up area oh oh oh oh okay good thank you for mentioning gap up area I need to go back further that's good the gap up areas in the 65 to 70 area okay and test that swing point of 327 yep that's right that goes there and then goes up 327 good I like your thinking I like what do you think so this is what I'm thinking it's the same pattern it's almost the same characteristic not the same pattern exactly as and bev that we were looking at but this is what I'm going to suggest to you we've got a break coming up um yes your thinking is it's going to take out the left side low just as it did on the previous arch formation I like your thinking because the MACD started to fail the statistics I do a little work on this we'll do HQ why uh health equity ink trading at 74 27 down at $1.63 as soon as we get back down to $2.31 I'll be right back 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. 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be looking at so just email me if you see it getting there I'm looking at and saying you know what there could be just a break of the left side low this time like there was before in a decent rally could repeat characteristics seem to be repeated in this stock that's one of them so let's just I wouldn't wait all that long just two to three points down let's do another analysis at least for an entry point Greg so a question I had now was oh wait statement S&P off to best start of the year since 1987 double digits less than 10 times double digits since 1928 1987 or 1930 wow my kind of language here collapsed to come most of wow yeah now I've got a different scenario I've got a scenario but it doesn't include that in the Russell you know most of years up when good start yeah I think a good start in January is usually a good sign but that's just the one thing at a time I like what I see the question about a long term portfolios is this a time just to get in and be long even if there's going to be maybe a 2,500 or 3,000 points decline you know I said back way back in January of 2010 is that you're buying funds for like college fund or something or just a very long term putting money in now I said is something that I I would warm up to very very much it's kind of what my wife and I were doing and that's one thing at this particular point it depends on your risk I do think that there's now we're getting into an area of resistance it's either going to be a breakout or resistance so this is what my thinking here is that if you're wanting to add to your an IRL or some kind of position like that and you may be looking at the Dow let's just say we're talking about the Dow, the S&P they're all having slightly different characteristics but they're all doing the same kind of thing trying to go to all-time highs or on the way to all-time highs or having just like the XLK I'd say this is a time that maybe you could start a position but you've got to be prepared that this is a position a new position this is a position that you want to be adding to this is where you aren't if this is your position this is where you're not thinking or shorting anything that's different altogether this is where you're buying it because if I'm correct and we're going to break into the 28,000 probably this year sometime the whole thing is how we that's the Dow handle the 27,000 if it gets if and when it gets there but I think that once I spoke about last night and I did in my webinar once the 27,000 is broken the IAI the broker index the broker deal index is going to scream I'd already said if the broker index and get to the 63's that's very good today's high was 62 60 I'm going to refine that a little bit I'm going to say 65 to 66 but I'm just to clarify we I'm going to go along the IAI so I'm looking at this and I'm saying good action I like this action and I didn't expect that the IAI would move just because of the financials moving that they'd move like this up $1.17 up 1.91% I like that I like that very much announced an edge of things so yes I think as long as you can keep in mind that it's a position that you're getting high or near the all-time highs and that there should be some kind of a pullback I'm trying to deal with that as if to say let's think about a pullback but no if you're looking at a long-term positions and I'm correct in saying yeah maybe there's 2,500 to 3,000 the downside on the worst case base if everything goes wrong somewhere in the next two and a half to three months but I'm looking at once we start to get to 27,000 and then 28,000 the public is going to I asked 100 people last night now I'm sure not everybody would have wanted to raise their hands under these circumstances but it doesn't matter I asked them how many people here in the last let's call it three weeks let's call it the last even month or two has met with friends or family and someone's come up to you and said man did I make a kidding in the market just 20% how many who's even just had come up to you and started talking stock market and you know that not one person raised hands now I suspect you know when I'm in a big crowd like that and you have to raise your hand I just kind of say I'm thinking it out I'm not necessarily participating so let's just say 10% absolutely refuse to raise their hands or make any acknowledgement in any situation like that yet this was a stock market event right so you would think that anybody coming up to them would kind of know that they're in the market they've been in the market for a while just kind of get a feel for the so let's just say 3% there would be three people not even three people raise their hands and all I'm saying is that even if it's completely distorted another year from now if this market starts to really move higher because what I call the Trump bull market because this is what he's got that's one of the only things he's got that's his baby he said it's his baby if it becomes a Trump and I said to them last night maybe nobody wanted to even talk about the market because the minute they mentioned the market there's this implication behind it that maybe they kind of like President Trump especially on the North East so that was just a joke but there's a little truth in that but at the same time this is the most disrespected mega bull market in history I would say up 10 years and yet nobody raises their hand in fact the room should have had two to 300 people because in a real bull market where everybody's talking about bull you get a lot of people so I think this is early and I needed a couple I needed this week I really think it's through many different levels after my webinar week from Wednesday that I discussed some of these aspects and I'm becoming more and more convinced that the downside is going to come because of really scary external things but they are not the super tanker of the Dow the S&P the Q's the SMH's we'll look at that in a minute I think this is really an important phase that we're in right now it is a period of recognition that the super tanker is making its turn and the turn is towards the north towards the upside and big big pull backs might turn out to be transitory the last one was three months that was quite long but we might find that you're really short and sweet like that January of last year boom two weeks and it was over it was very sharp okay that's what I'm thinking I'm thinking out now so the answer is yes get a position and I mean I haven't talked about this in my for my subscribers for how long that we've had no bears no stock short positions since the low was made we were buying the very low we were buying right at the bottom we did a lot of buying buying buying buying all this time I'm looking at this very positively on the shortage of yes we like to get the trades we have some real nice quick turnarounds to get but like yesterday into today I mean in one day you can give back your gains because of the speed of the up move so I'm trying to answer two or three questions at once I hope I've answered a couple of them right now we'll be back for our final segment I'm not going to beat the I'll beat the gong thank you this is the Dow up 234 we'll be right 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 trade 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 mastery probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use 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visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors you know what's cool? taking something that's good for you something specifically formulated to help with weight loss better sleep, stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics, oil based vitamins minerals, fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight, air and water life cannot exist without them that's right 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 a primal lifestyle buy it today for just $89 click on the primal edge banner www.tfnn.com Hi folks this is Steve Rhodes stay tuned for another great hour of the traders edge heard here at tfnn.com Hi I just got an email in December I was at three Christmas parties on Christmas Eve I had five people asking me about market all their losses in 401Ks they told me we were at near term bottom oh that told me we were at near term bottom shorn from Hudson yeah okay good asked me about the market and all their losses okay so that was yeah that's I mean the way I'm looking at it is that I think this is the quietest this is a stealthful market and you know you have to be really nimble to be able to be short you know Tesla when you've got a real story there and there's a reason to be short something like a Tesla so we've gone mostly at this point short term indexes we've traded short positions no stocks I just have not had any interest in going for stocks even the ones that I thought were very vulnerable okay enough with that so let me just quickly clarify a couple of things at least for my subscribers we have only long positions the long positions are doing really well all of them are up very nicely today some are up very very nicely today almost 1% in one almost 2% in another 3.3% in another one a 0.36 in the weakest one so yeah it's working out okay because it's selectivity that's really important here that's what we're trying to go for so within this context I am looking at something in this coming week that is going to be very important let me just run this real quickly I don't want to beat the gong I mean I do want to beat the gong I don't want to over talk my uh into the commercial first of all let me say have a great weekend see you next weekend check out my opening call it's a 30 day guarantee look struggling, struggling in the cues but not bad but it's still moving higher IWM red candle but it's already gapped up it's up 45 cents it's just pulled back from the high it's still looking good but it's really struggling here and I wouldn't be surprised if we're getting right to an area of some kind of resistance and that's all I'm saying resistance meaning you don't have to collapse but there might be a sideways pullback April is always supposed to be great maybe this April is a little different now I'll be back on Monday have a wonderful weekend and thank you so much for being here