 Hi everyone, Basel Chapman sitting for the vacationing. Tom O'Brien, my pleasure to be here. We've got the Dow up 9 at 32,953 on this Monday, the 14th of March at what is it, 307 Eastern Time. What we're looking at is the pattern that I love. Let me just do this real quickly, some of you are new to my work. I try to identify the lowest low bar. I essentially grade each higher peak. I alphabetize them sequentially. Peak A, the next one higher is B, the next is C, D. You can go to E, F, and G, but it's at that fourth highest peak, peak D, that other things can happen. And within that context, three patterns I'm looking for, straight line up, straight line down, cup formation, art formation, or a mix of one and three. In this case, it's red because if it takes out the left side low, that lower case, H, can go much lower. And the reverse Y, if it takes out the left side high, it can go much higher. Keep it as simple as possible. Here we go. You've got A, P, D, that fourth highest peak on the 5th of January at 36,952 in the Dow daily chart. And what happens? It makes a little H pattern, breaks down, falls all the way to 33,150, has a big spike to the upside to 35,824, has a big failure because it goes to peak C-minus. It fails by going below that 33,150 level on the 24th of February at 32,272, then it has a smaller H. And here it's in the process of going from a possible lower case H to maybe even an M-shaped pattern daily. So the daily is in a cell mode. The weekly is in a cell mode. The monthly is still in this look. There's the starting point at 18,213 on the March of 2020. It runs all the way to that high in January in peak E and now it's pulling back, but it really hasn't even given a cell signal yet. Looking at the S&P, I'll run these much quicker now. The S&P, if I can just do it correctly, there we go. S&P ran all the way to 4818 on the 4th of January, comes down, makes a lower case H, then another one, then goes down to 4414.65 on the 24th of Feb. And wow, it's right here at 41.71, 60 points away. You can do that in the blink of an eye. So this is really an important moment, cell mode in the daily, cell mode in the weekly, not even a cell signal yet in the monthly. Now we'll do the QQQ just to tell you where we are, the QQQs have in fact, whoa, today's 317.61 is taken out the left side low. There's the second, this is the third dreaded H pattern, that lower case H, very serious cell mode in the daily, cell mode in the weekly and so close to a cell signal in the monthly. And we're looking at the IWM, the Russell 2000, that is the small caps. Small caps while making that pattern that I was talking about a moment ago, where you test the left side low, but then you bounce and within that bounce, you get really a rectangle trading range and you are at 192.41 down 432, making the lower case H2, low case M in the daily, an art formation in the weekly chart and really close to a cell signal in the monthly chart. Let's go to Gold. Look at this. Gold had a spectacular soaring to the 2000, I think it's not 72, it was 78. Let me just double check here. I should have typed it in. I don't usually type it in because this is a continuous contract. Yeah, 207.8.8. And here we are, 1954, made a peak E-top in the daily, a buy mode, maybe close to a cell signal, but just in the daily. Weekly chart is still in the buy mode. Monthly chart made this almost as double top pattern, close to the high that was made back in August of 2020. You've got silver also with the same kind of pattern, pulling back sharply here, down 96 cents at 25.20, not as strong as gold, but this is, these two things are the issue. Crude all pulling back almost $8 to 101.56, spectacular move going to 130.50 in the continuous contract. It seems to me it wants to go towards the 96.92 area and that's going to be key. What happens after that? And we've got this is really the story of the day with Wednesday coming up as the Fed speak day. You've got bonds, the TLT, iShares, 20th tertiary bond ETF, down three points at 13192. This is not good. That means that rates are going much, much higher, have gone a lot higher, TNX.X. Here we are, the TNX is breaking out. I've got it as a leg C in the daily, a buy mode in the daily, a buy mode in the weekly, and a buy mode in the monthly. I don't know what's going to stop the rates from going much higher. Yes, they can stall, but this is actually quite a big breakout phase. And the one thing I was doing about just a moment ago was the VIX index. The VIX index is at 3238. Staying above 29 means that there's a lot of selling pressure going on amongst the bigger money like fund managers, hedge funds, etc. Most importantly, to have a successful rally, to be able to go triple-digit up and hold all the way into the into the close, hold in for two days, three days, you really have to see that volatility index pull back well under 27, and it hasn't done that yet. So within that context, what we're looking at, that's just kind of an overview of what we're looking at. There's a lot more to go into, and I believe after the break, we're going to have Steve Rhodes, that would be a wonderful, the host will have a guest host there. That'll be very nice. Look at the IYT, which is the Transportation Index. The iShares Dow Jones Transportation Average Index Fund makes this double top in the 287, in the 280s, back from May of 2021, plummets down to 240, screams up to 281, pulls back, goes back and retests in the 280 area. Look at that, a triple top, and now we're pulling back. It's in a rectangle formation, but that monthly chart says, uh-oh, transportation average needs to hold the two, I put it in the 232 level on a closing basis, because below that, that monthly chart starts to deteriorate. That's really important. And if you're looking at the Euro, EUR, USD, look at the Euro, breaks down, makes this incredible pattern right here. Look at this in a weekly chart. It goes from a low of 1.06364, that's, it gets smoothed out, so maybe the price is slightly different, but it goes to the low of the 27th, the week of the 27th of March 2020, all the way to 1.23, and now all of a sudden look where it is. It's coming back down, there's beautiful symmetry of the left side, arch pattern, and it's coming down, this says by the week of the, the first or second week of April, there's a chance we might test 1.06364 again, and that's the kind of pattern we're looking at. Bank of America actually has the same sort of, oops, on the south there, that was a mistake. Let me get back to the Euro, and then we'll have a break, and we hopefully will come back. Steve Rosa looking really forward to that, does up 28, that's up, he's down 26, that's a big divergence. One of the down stuff is already putting on the heat, I guess triple them is, and boomer. I'll be back in a moment, Basil Chap is sitting here for the one and only Tom Oberlin.