 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. This is the Tiger Technician's Hour on Monday, the 18th of March. You're looking at the Dow up 110. And I must say, if you're looking at this chart right here, this support level, you see this little pink line here? I call this the Chapman Insight Track. It's actually a larger channel to the upside. It's a little mini-channel, and it's been holding in this mini-channel. And I'm watching it. Let me just do this for one second here. If you're looking at the nine-period exponential moving average, which I use, I call it the indicator of last resort. Why? Because it's the very last one that finally turns up or turns down. Look at this. It's so close to turning down. Yet it just doesn't do that. It's like walking this green line. The nine-period moving average, one going to the 14. We're looking at the last time we did that was back in when it went from pink to green. November the third in the Dow's case, I believe it was. Yeah, November the third. So since then, this green line has just been in place. And even those very sharp sudden turn downs did not turn the nine-period moving average pink. So it's a very nice indicator. But at the same time, for subscribers to open your call, we do have, so far it's been working, besides the long-term long positions, which we're not touching at all. The shorter term, we do have a cell, just a short-term cell. And we'll see if that's going to hold. Now look at this. This is quite important. If you're looking at the QQQ, it keeps getting so close to turning down. And it doesn't, it had one out of, since it's the October low, and then that November thing, I think it was the sixth turn to the green side in the nine-period moving average. It had one day that it went negative. That was on the fifth of January through the sixth, through the eighth, it was a weekend. And then it went back to green. And since then it's been green. It's getting closer to turning down, but it has not turned down yet. So I just wanted to talk about these indicators that I'm going to talk about tomorrow. Very simple indicators you can use to help in your analysis of stocks and the ETFs, et cetera. Even the currencies, whatever's moving. So here we are, up 127, 38,839 in the Dow. The S&P had a much stronger move to the upside earlier on, and it's holding that. It's actually gained. It's up 50 at 5,167.48. Getting really close to the 5165 all-time high of about a week ago, this is a leg. Now this is going to be something that I'll be discussing in my webinar tomorrow. When we're looking at weekly charts, what would make us negative? Well, so far there isn't anything really that's negative. Look, the price is way above the 9-period moving average. The 9 is way above the 14. The MACD is very strong moving average convergence divergence. The stochastic is starting to decline a little bit, but it's still at 92%. That is really good. The blue line that's on balance volume did make a little double-topping as pulling back, but the market has ignored it so far. So I'm going to be discussing what are the implications? If this is only in a B and in a Chapman wave, a buy signal that gets upgraded to a buy mode, which the weekly is, implies that it should go to at least a peak C, then a pullback, and then a leg D, which would go to a peak D, four higher peaks to a peak D. And we're only at B right now. That's still very positive. Does that mean that there could be a sharp pullback? Yeah, you could have a pullback. You could go back to the green 9-period moving average of 5,044. We were there just a couple of weeks ago. You could even go down to the 49, 59-ever, the 14-period moving average. But what would take this green line to turn pink? You'd have to see a slump in the S&P. I don't know what's going to do. Unless the Fed says something that the market really doesn't like, you'd have to see a slump kind of in the low 4,800. So, so far, I'm taking that off the table just at this particular point. We're only dealing with the shorter term. And if you look at the QQQ, the index 100, yep, walk in the 9-period moving average at a nice balance. So far today, up 6.20 and 440.13. Yeah, we are sorry to make lower lows and lower highs. The week is young. We'll see what happens. But this is a peak C in the weekly now. Is there a chance that we could see over the next three weeks or so, peak Cs go to Ds in all the different indices, even the S&P, look the Dow itself, my NGU, is at a peak B. It doesn't take much now to get it to a C and then you have a rest of it. So it doesn't mean that sometime in April we make a really serious top. Or is this a digestive phase unfolding now with semiconductors taking a bit of a breather, although they're up today. 4.41, the S&P at 222.25. You can see making lower lows and lower highs. The 9 is still over the 14, but you can see it's getting a little harder to do. So maybe we're looking at a rotational correction in some of the areas. Let's go to the IWM, talk about rotation. We haven't seen the big rotation into the small caps yet. That is a concerted, we've seen nice bounces. But not a concerted effort, 22.15 down 25 cents. Very close to seeing the 9 period moving areas to pink hasn't yet. And the weekly charge at a peak D already. But you can have a recycle go sideways. You can just consolidate. You don't have to break down. So this is a very important moment as far as I can see it. If you're looking at the gold, gold contract is up to 2163. Let's look at silver. Silver was actually acting a little better than gold last week. And now it's a 0.03 at 2541. In a leg C. And we're looking at the weekly chart, which is slowly improving. You did see the 9 period moving average for the first time in a while. Cross green, go to green at the close on Friday. That's important. Weekly chart, not too much to see there. Look at high grade copper. High grade copper is still acting so strongly. This is a good market sign. Let's put it this way. Economic sign for the global economies. Now talk about the global economies. Look at this. This is the Vanguard total return. This is the World Stock ETF made an all time high above the 109.30 high of November of 2021 plummets down to the 70s. It comes all the way back to 110.02. That's what was 70, 80 cents above the all time high from November of 2021. Now it's taking a little bit of a breather. The 9 is still over the 14, still acting quite well. So we'll be monitoring this because it's the world and it's already making a peak D in the weekly chart, but the technicals are still very strong. I would say that I can consider this kind of a mixed market, mixed areas, but the consolidations have all been high level consolidations, meaning that there hasn't been a major turn down. You've just been rotating sideways for the consolidation. I wanted to show you the EUR, USD, that's the EUR dollar currency pair, pulls back quite sharply, still technically okay. But the 9 period moving average is over the 14, but that weekly chart has a strong 200 period moving average of 1.09 as resistance and the EUR at 1.089. Let's just do the USD-JPY as we go to the break. USD-JPY, that's the yen. Very nice looking up side. It's up 16 cents and 49.2. I'll be back. That's the chapter. How good conditions are. It's up 127. 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. 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For all the details, visit TFNN.com. You'll find Fibonacci 24-7 right under the newsletters tab. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the U.S. futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, the South African Rand, as well as 25 different mining equities and high-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. This is a volatile market. Basel Chapman's opening call newsletter has a 30-day money-back guarantee for all first-time subscribers, and all subscribers get access to his trove of webinar archives so you have nothing to lose. Go to the newsletters tab of TFNN.com and sign up today. We'll see you March 19th. TFNN. Educating investors. Toll free at 1-877-927-6648 We're back to 520 now. We're going to ask a question about SCCO, this is Southern Copper, up 96 cents at 103.96, a spectacular move. In 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 sessions going from the 78 level is now at 103.96 and that's been almost like one straight-up move. Look at the weekly chart, just a monster leg to the upside. One of the biggest legs I think I've ever seen in Southern Copper. Let me just check it out here. Yes. Not only is it one of the biggest legs, the leg itself is probably bigger than a lot of the moves to the upside certainly on a monthly basis. So yeah, this is absolutely a terrific action and as I was saying, if you're looking at what we used to talk about, I don't talk about that much anymore, Dr. Copper. Dr. Copper was a way of saying internationally, if Copper is doing well, usually world economies are doing okay, that's the reason why I went to that VT, Vanguard World Total Return and this SCCO is really demonstrating that very nicely. FCX is another one in the same area. Not quite the same chart in the monthly chart, but wow, isn't that a nice leg D as well in the daily chart trading at up 48 cents at 45 10. So this is really a terrific action and look at the way it broke that Chatham Wave inside track repellent zone that it had been for about a year. It just kept coming down. It couldn't break that resistance and then it tried once back in, I think it was November, December of 2023 and failed and pulled back and this month it has just climbed much, much higher, right through it. So yes, so this is the question on CCO. I like it. You didn't ask me anything about it, I just wanted me to look at it and all I'm going to say is this is the stochastic is flat at 95.64% that is really a good sign because when you see that it just pops up like that in the curves over in the stochastic and then comes back down. Usually the price goes with it in this particular instance the price is holding well on balance volume is very overboard. That's just a single part of the little puzzle here. The magnate is very strong. The relative strength has just gone a little overboard. So I like it very much and you didn't ask me anything. So I'm just going to say to you congratulations, you're long. This is a terrific long position, but all I would say is in the context of what to do now you can expect some kind of a pullback. The gap is just in the 90s and here you are at 103.74 the gap the low of just Friday's low was 94.83 Thursday's high was 98.20 So you got a little bit of a gap there. That's probably something that would be filled if there was a pullback. I like it just in terms of money management all I would say is taking a little bit off here did you expect in one week that it would go up almost 20% it's a lot. So that's all I'm saying. I think it's looking terrific absolutely visually it looks a little overboard because it's got this huge spiral to the upside but you can have a high level of consolidation and then go higher. So I'm just saying you didn't ask me my opinion my gut reaction right now based on the technicals you just grab the 120 minute chart. Yeah, even with 120 minute chart you could pull back about 3 points or 4 points and if you take just a little bit off you can even just put it back. It's a way of controlling the position so that you are adding to it appropriately you're taking off but you're keeping absolutely keeping your core position this is just part of a training or you just want to bother it all you say how I'm in I don't think it's coming back to my initial price I like it I'm not going to mess around. So two things one is if you want take a little bit off now you could plan to put it back maybe 3-4 points lower and the other is don't do anything. My preference is to actually take a little bit off take a little bit off had a note from Michael saying he's still got his core position he's taken as we've discussed over a period of a year or so he's taken bits off Broadcom semiconductors it hit a 1418.17 high 1418 a couple of weeks ago it's had a ton of round numbers even today it had a low of 1241 that doesn't mean it couldn't be taken out but when I see numbers like that over and over and over it's it's almost like round number fear of missing out that I've got to get it so I'll just play anything I'll play that round number usually put it 0.3, 0.20 0. whatever it is and if you're grabbing it like this it means you really want it so that just says to me from the pattern it's in a cell signal that's been upgraded to a cell mode of Vagio it was a Vagio announced Broadcom for a long time it was taken over but the symbol is still the AVGO symbol at 1245.11 up 961 it's in a cell mode on the dating the weekly chart is still holding really well but it has pulled back in a peaky I think there's a consolidation going on in the semis we actually asked short the semis so far it's worked out okay but the week is young the days and the hour is young so that's that next question I had was MP correct MP is in a decided down mode starting at 13.26 down 0.64 what is it called again MP materials this is ready looking very poor I agree and there was another one I wanted to do so that did that did that in the den I saw SMCI SMCI that's no SMCI is the wrong one SMCO SMCI this looks quite good 23.32.02 what is it it is oh this is Hilton something other oh is this just a Hilton small Hilton Hilton small something Hilton small mid cap opportunity oh this is one of those opportunity stocks all right well that's a little different altogether it does look quite good doesn't it but they they're kind of dangerous so SMCI that's what we're looking at and SMCI is super micro company sales service solutions architecture high power AI yeah whoa so there's this whole cluster I call it I've even stopped putting in the number of round numbers it had a 1229.00 all-time high that day that it did that it had a 1212.00 open it's had 10 around numbers it has open today of 1107.00 all I can say is there's something going on here that says to me there's probably a consolidation going on in these very big high techs this is of course in the super micro in the whole survey I guess this is hardware and software I don't know I just I get very nervous when I see that and it's not going anywhere. Arm arm is holding in the semiconductor area 164.00 high round number high on the 12th of Feb and here is it 130.09 keeps having round numbers I don't know not going anywhere I'll be back down to 142. If you spend any time online researching trading techniques on how to begin your trading journey you've no doubt come across many folks who push forex trading as a way to make big money quickly unfortunately there are equally as many stories of these so-called forex professionals just looking to make a quick buck off of trading traders without actually teaching the ins and outs of the forex market this is what sets Teddy Keckstatt the Tiger Forex Report off the riff-raff every Monday former Chicago mercantile exchange member and author Teddy Keckstatt releases his Tiger Forex Report newsletter where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading furthermore all subscribers receive access to archive live streams of teddies and provides university level education to help you in forex trading all first-time subscribers receive a 30-day money-back guarantee so what are you waiting for? forex awaits many trading newsletters attempt to focus on a narrow set of equies or commodities while this works for some it oftentimes misses many opportunities that possess huge gain potential but how is an independent trader supposed to scan the entire market looking for these hidden opportunities one simple answer the opening call newsletter the developer of the Chapman Wave trading methodology has been trading the markets for longer than most trading influencers have been alive and over that time he has honed his methodology in order to accurately call movements in a wide range of equies from semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices selective stocks and more opening call subscribers also receive access to dozens of basils educational live streams that can be accessed at any time for your edification all first-time subscribers receive a 30-day money-back guarantee so ignore the pop trading influencers and start learning time-tested technical analysis are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our seasoned hosts are here to answer your calls and questions live on the air check out the Tigers Den for just $1 and follow us on YouTube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better join us and experience the difference today TFNN educating investors this portion of the Tiger Technicians Hour is brought to you by Directions Daily Leveraged and Inverse ETFs whether you're a bull or a bear you choose the direction visit Direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider funds investment objective risk charges and expenses contained in the prospectus available at Direction.com read carefully distributor for side fund services LLC Hi folks we're back and I had a question A is this symbol trading at 3127 up 83 cents yes this is going right to the 200 feet expansion moving average it's a leg D leg D is where you have to say oops anything can happen at D objective is to get to a D in a bicycle upgrade to a buy mode and then when it gets to D you do a reassessment that's where you have to do an analysis of does it have an instant restart all sorts of things happening that's going to be looking at peak D start very quick peak A peak B peak C then a D when it does that I'm always a little nervous because I'm anticipating some kind of a pullback and it's exactly what happened here but the weekly chart is kind of arched over and now it's starting to make a cut formation and it's improving so Alcoa is in the area so I'll be talking about stocks like Alcoa in my webinar tomorrow it's a little different to my usual webinars I usually I have like 45 50 slides that we go through we're going through all these different patterns I discuss them in this particular instance I'm going to show some of the techniques that we look for and then I'm going to look at many stocks for instance Alcoa is one of them stocks that have that are in the cyclical area some secular some cyclical and where are they ready to start performing for instance steel look like it was ready and then it just sort of had a fabulous move up end of last year into the beginning of this year now it's just store the Van Ag Vectors steel ETF he has the technique that I'll be discussing as well very simple you take two lines you just draw them to the tops of the candles and that gives you the inside track repellent zone it keeps pulling back when it hits it or the propellent zone when it comes when it comes down to the area it is it has a propellant zone right so when we do this just easy techniques that you can use as there still is this kind of in a sideways trading band so when we're looking at PAVE this all goes together PAVE is the infrastructure area very strong move and now it's sort of stalling off to making an all-time high about a week ago in the 38th is trading at the 27 right now weekly chart peak C monthly chart global X us infrastructure development ETF I'll be going through this very important this is so you will see the concrete area the steels the aluminum you'd expect that they'd be part of this well in this particular instance you're looking at lagging sectors the steel sector has really been lagging for a little while it's done very nicely but look at the daily chart just kind of sideways weekly chart sideways so I want to be discussing that where would you get into certain stocks certain years I had some requests I'm taking some requests as well that we will deal with and at the same time I'm looking at the rotation when let's just say we do get the semiconductor digestive phase which really would be appropriate after such spectacular moves where would that money go well I suspect that fund managers are going to be looking at areas it could include the IWM we don't know yet it could include the small caps but I want to look at those areas and I want to look at the chart pattern that says what to what would be your key metric that you're looking at to be able to go into that so you can do your own work I do of course my newsletter always got positions that we're taking but at the same time you can also do your own homework and it's sometimes it's quite easy sometimes a little bit more difficult but these are the tools that you want so I'm going to be looking at that I'm going to be looking at the bank stocks so the question came in about Alcoa and I like it very much I think it's going to slowly if it can push sharply above the 200-period moving average it's been such strong resistance in the daily chart for so long look at this every time it popped up it came all the way down it hadn't even been there it was there in December but it hadn't even been there I mean I could go back I will go back look that two and orange 200-period moving average the last time that Alcoa touched it was just briefly when it popped above it and it fell in March of 2020 good grief look at this it was on the third of March 2023 it was at 55.74 since then it's been down into the 20s right now it's at 31.26 and this and it's look look look look it did that once again over there and then failed this time it's making a more concerted effort it's been a shorter timeframe and that just says to me that the 200-period moving average could turn into a springboard if it could start to trade in the 32 50 to 33 area and make this big cup formation how it tackles the most recent high that was the high of December the 20 something 27th at 35.04 is going to be really important in April that could be March but I'm just saying in April itself that's really important why did I want to do that because the weekly chart let me show you but the weekly chart is just starting to repair the damage of pulling back so sharply it last week it went green on the 9-period moving average it's having a slightly higher high today and that's important so that's what I'm looking at how do we what are the stocks that we would like to get looking out where are the prices that we would get them at what is working what is not working it's as simple as that another question I had was let me see if I can find it over here yeah Airbnb EB&B there we go AB&B is the symbol trading up $1.43 at 162 let me just refresh over here there you are there it is so it's just pulling back a little bit it had 168.19 high just recently it had 166 opening price trading right now at 162.09 had 167 round number high the other day 168 round number open and now it's trading a little bit how these round numbers unfold over a period of not just short-term I'm talking about 2-3 weeks is going to be very important as I say when I see so many in so many different areas we were looking mostly in tech and high and semiconductors and then we've seen everywhere look at this would you expect that stock of Buffett Premier stock, Berkshire Hathaway B conglomerate just I mean they in everything America I mean everything to do with the economy whether it's insurance you don't banks the oil it doesn't matter and it has a 430.00 all-time high round number with a 422 round number open that day that's the day I forgot to put the date the day of the 26th of February and here it is the 18th of March at 4.07 and I still had a couple of round numbers and this I went back over the weekend I was looking at so many in trying to prepare for this webinar I decided I wouldn't just write notes and notes and notes I'd actually do a lot of work in different stocks that are really important and just try to do an analysis of them and I went through a daily chart to look for round numbers doesn't happen very often and if you get it at the high shouldn't mean something I'll be back down to 152 S&P's at 55 you'll be right The Gold Report As a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai Gold Exchange Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI GDX, The Dollar Bonds, The South African RAND as well as 25 different mining equities with specific buy sell recommendations The Gold Report New subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com The stock market is a delicate interconnecting web of commodities, equities and trader psychology when one string of the web is pulled it has a ripple effect across the broader market this is where opportunity lies but how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities luckily you don't have to worry about that as Tom O'Brien has brought all important market news to you in one single newsletter Market Insights Market Insights provides a daily overview of what's happening in the indexes bonds, gold and more follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right all first-time subscribers receive a 30-day money-back guarantee so what are you waiting for? don't let the market leave you in the dust for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting short-term trading not long-term investing whether you're a bull or a bear you choose the direction for up-to-date pricing and performance go to Direction.com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a funds investment objective risk charges and expenses contained in the prospectus available at Direction.com re-carefully distributor foresight funds services LLC this program is brought to you by Vista Gold traded on the NYSE American NTSX under the symbol VGZ request if I could look at Viscorre Corporation a little weird to say Viscorre Corporation that's what it is Viscorre Corporation trading at 35.81 down 25 cents it's had a huge move in 2023 from the 35s to just about 100 and then it came all the way back down like an Eiffel tower straight up straight down pattern and it's been trying to form a base in the 34-35 area for oh for a month since since about October and it keeps coming back to that level at some point it either treats this and it's had a huge gap down and it hasn't been able to even test the breakdown high in other words one day it's tutoring along at 46.21 low the very next day the high so 46.21 and the high next day is 40.38 I mean at 6. that's a huge it's a gap down and it hasn't gone even close to that level this is the chapter of Roman Camel right here the red one and you had three days in which to close at least into a short-term period for about 60 minutes or 90 minutes to try to hold at 39 level above 39 that would say now you could go to the upper part of the canal couldn't do it failed just couldn't do it so this is an arch formation that dreaded this is a dreaded H pattern and we are higher than the low that was made on the 26th February 35 round 00 round number low isn't that interesting 35 round number low okay and as a pretty decent balance goes all the way to 38 about 10 percent then it pulls back and now it's testing and what does it do it comes all the way back down on Friday to green candle 35.21 and now it's not ready but it couldn't hold it 35.75 down 32 cents so this is a pattern that very often when it does this retest of the low and you start to see the histogram of the MACD improving a lot and the stochastic actually having a divergence it isn't now but a positive divergence this is oh wait a minute this is a negative divergence in the sense that stochastic went down but the price held so that's a divergence slightly different divergence what I'm looking at here is this either has the potential and speedies of the essence if it takes two days and it can't get above 36.47 that is not good action at all if in the next two sessions today's Monday give it one that's Tuesday give it Wednesday by four o'clock on Wednesday if it's able to get to the 36.47 maybe Thursday 36.47 level and close preferably above 36.47 I'd say now you're looking at the chance that it has the lowercase h that can go to another h pattern so it makes what I call the lowercase h to a lowercase m formation and that says it could take you if it can break above the high of the 14th of March was 37.17 it could take you all the way to the top of the pattern which was at the 38 38.64 area so it's a work in progress that's on the upside on the downside as I say it has two days it really is speedies of the essence if it's going to do that it starts as it makes its ictus on the right which is above the 35 round number low that was made in February it's speed quickly to say I'm done consolidating I'm moving high otherwise the weekly charts is now it can't get out of this pattern that just constantly the low that was made back in the week of the 17th of November of 35.48 isn't that fascinating that it can't it hasn't broken the 35s yet it just keeps coming back down to it so very often I've seen charts that do this and then when you least expect it this is vikor high performance power modules for networks you don't even anticipate that it's going to do it because it looks so ugly suddenly it shoots out of the box and it moves higher so speedies of the if you're interested in this I'm going to say nibble on it right here 3575 say I'd have 3525 is I'd have the tightest stop why because in this particular scenario I am talking speed so if it hasn't done anything another couple of days it's just stuck in the range it's really I don't think it'll start to move after that so there's the opportunity right now I would have preferred to see it a little higher at 35 because today hit 3613 I would have preferred that it pull back to 36 early in the first hour and right now it was starting to get to 3612 and then 3616 3622 that to me would be really nice action just to see that it has the kickstart to be able to really push quickly otherwise it's just stuck so I hope that helps you stuck ready to move or nothing so at this particular point the only way you can test it out is just to have a very small little position and if it starts intraday to get towards the 3611 area you can even add just another fraction but don't get carried away I'm just saying as a training vehicle now one of my anticipating today I'm anticipating that somehow other we come off the highs that this is just an overbought oversold situation at the same time let me just write that down at the same time it isn't overly negative remember when we were looking at the chance that this could become a consolidation I said to become a really strong cell mode in all the indices you need to see the S&P the futures for some reason and usually the some reason has to be higher rates maybe the next time crude oil if it does spike to the upside sharply there's got to be some impetus to say oh oh this is not good for the market and the Fed has to kind of saying you know we're not looking at the rosy look that you look we've got a little bit of a cloudy situation right now because there have been some inflation the numbers that have got us a little not concerned but watching it closely so S&P futures down 48 to down 52 S&P futures down 375 to maybe 425 and then there's a market and it looks exactly like this intraday this chart on the left of EICOR this is an intraday chart which should look like an arch formation and then it rallies and then it closes at the end of the day a lousy and then it has the same thing the next day with a lower low and a lower high and that to me is a cell mode really getting the impetus to the downside too consecutive very negative sessions that buyers have kept coming in all the time that's why I've said we're taking smaller positions on the short side but they have so far the memo working out okay but I'm monitoring very closely the action in what had been real big winners and what had been real big losers and if the big losers are starting to show that they are just demonstrating some kind of capacity to hold on the downside and not make lower lows I think that's going to be a good sign for a rotation that says fund managers should be looking at something else for the next two months or six weeks or so question came in where was it PayPal PYPL I haven't looked at this for a little while PayPal PAPB PAPC just above the Georgia pre-moving average actually much better it was once upon a time the 300 then it went to the 50 area this is not bad I'll be back in a moment are you ready to take charge of your financial future? 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