 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 on the second day of December first trading day of December now I'd spoken about this last week when if there is a sell-off just before the end of the month it means that there's a chance that the candle that we're looking at might in fact be making some kind of a peek on the latter whatever it is of that month because this following month you've already started off on a look with a lower high and that means yes you've got the entire month in which to take it out but it also means there's a chance that you're making some kind of a peek that you need to worry about but what's so fascinating about this is look on the left side yes the daddy in the middle is the wiki on the right is the monthly chart and we get into the 120 million we don't need it right now for the Dow that's the Dow index look at the YM yeah I got it the right place really I hit it let's go over here that's why the continuous contract of the Dow in the futures made a high of 28,197 today that's an all-time high hey wait a minute but that means December as an all-time high for the futures but not for the cash my thinking here is that with the strength that we are still seeing in those two key moving averages the nine and the 14-speed moving averages in the daily that there's enough residual strength to say there could be just a nominal new high early on in December in the Dow and look at the S&P SPX cash so the Dow made its high on Wednesday this one the futures made the high earlier this morning before the open look at the futures 3 315 4.26 in the futures the cash and this game both cases this is almost certainly a peak G and not a G C if there's a push in the S&P cash to go lower than the low today so far which is 3,110.78 go down to 3106 and then I think you have to consider this is a G and not a C alternative count okay now wait a minute the E mini ES look at this peak G C but the monthly went to an all-time high because it happened overnight that happened from the 1st of December so yeah you've got a divergence a discrepancy and divergence between the cash and the futures doesn't happen very often because you can monthly chance hey wait a minute what about the QQQ the QQQ trading right now down to 31 at 202.80 sitting right on the 40-speed moving average gone way below at 201.78 as the low today but this one has not gone to a new high in December but what a minute wait a minute the NQ hit 8457.25 847.25 847 8485 8.25 8457.2 one point so this one could make the peak C in the futures for the month isn't that interesting anyway but after you get too carried away about that we still waiting to see the magnies week Mr. Kastig's still good at 87% and that nine-period moving average refuses to cross over negative in the daily chart so let's just keep that in mind IWM IWM is a Russell 2000 down a 1.17 at 160.61 a break under the 159.30 area especially 158.60 and you you should see quite quite a bit lower prices so this is a process now it's a very interesting questions come up one in particular let me see if I can get this oh I'm gonna try this I don't know if it's gonna work oh there it is questions good morning Basil topic at the at all-time highs let's see laying want to know I don't want to know there are a lot of it's a question are there any general rules for price movement often you all-time high is made so there are a lot of all-time highs at the moment he says both at indexes and equities I have little knowledge of price movement often you all-time high is made if there is a typical moves or rules etc. just price usually continue further up after your time high doesn't usually search further or is it that usually a very good shorting place would stop just above I'm searching for if there is something that usually happens often all-time high is made any typical strategies long or short often you all-time high and maybe be different several rules etc so a whole bunch of questions so this is what I wanted to say I think that's a that's a great question what happens at all-time high as well the rule of thumb if you know that I've every time we start to see new highs I always say that because there's a clear sky ahead we don't have any overhead resistance for instance here look I'm showing you the IWM 170 G39 was the August 2018 all-time high smashes down to 125 81 rebounds to the 100 and I should type that in 163 I think it was that 162.91 93 193 162.93 so let me type it in 162.93 11 27 so that high that was made is under the previous high so we now can look at to the left side and either you've got it in the bigger time frame or shorter time frame whatever it is it's telling you it's telling you that I'm not white doesn't work here on a white background let's make it gray there it's telling you that there's a long way to go to get to the the left side high but when you're really at all-time highs you have to use measurements A to B for C to D for Benarchi God be as late as a mentor does I did Larry show this morning at nine o'clock I forgot to mention it to my subscribers because it all happened quite quickly so I did it did the show this morning I was going through other areas that I don't often do so that might be of interest for those of you oh and incidentally I'm just waiting to find out if tomorrow's meet up with the investors business daily and the Boston Investors Group annual potluck pre-talk meet is going to be at MIT if it is I'll let you know because we've had a lot of snow today's not that bad but they say tonight could be quite bad going into early tomorrow morning so they might have to reschedule that meet up that was scheduled at MIT let me just give you the exact information I'm not going to do that I'll do that just before we get to the break there it is so that will be a Boston Investors Group and Boston IBD potluck holiday party and talk Tuesday December the 3rd 2019 6 30 potluck reception networking 7 30 seeking investment opportunities for 20 20 bar basal Chapman MIT building e-51 room e-76 70 memorial drive if you're not currently using the TAS profile scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the TAS profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll TAS understands that in today's technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market you also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the TAS profile scanner to profit this webinar archive is available for all subscribers immediately upon signing up all new subscriptions also come with a 30 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investors can meet exchange ideas and information in a comfortable moderated atmosphere hear all of the tfnn shows plus see all the charts as they happen live and have access to archives of all of those charts you can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website you can still visit us at the same tfnn.com URL but when you do you'll see a new and improved home page with a much simpler navigation whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors at seven two seven eight seven three seven six one eight our folks were back down to 200 sbs down 20 and wow just ton of questions over the last since the holiday weekend um but let me go one at a time because i think we're going through very important aspects um the question probably about the um about tops when you've reached all-time highs what should you do well stocks that make all-time highs tend to be on the list if you look at investor business daily um i remember years and years and years ago i used to go to get the wall street journal and i always i'd monitor and i'd write down the number of new highs new lows etc um i had so much information this one and one line on a two two page uh manuscript book um but all i can say is that i you've got to use other aspects to it so that if you're looking at the new york stock exchange still hasn't made an all-time high but now he's really close i think it will try to get there and i think it will make it and if you're looking at the monthly charts you've got still a couple of months to go or quite a few months to go before you get to d's and things like the s and p etc so there's a whole bunch of things so let me deal with that as we move along over the week it'll be like a little bit of a lesson um i'll try to have um the next thing is uh the question is but a few people asked me about the tlc so what i did is my in my um for my newsletter to my subscribers to my opening call uh every every weekend i show the uh triple yield that's the let me see if i have i got it here well one two three four and i don't and let me go to it and i show this chart and i discuss it uh i just more or less show where it is what it's doing and what i'm thinking so in this particular instance white is the 30 year tyx yield the brown is the tnx that's the 10 year team note yield and the cyan one the light blue one is the five-year f of the x yield and look yeah it looks fantastic i mean bonds i mean yeah bonds are down almost two points but look we're just stuck in the right it does look like this game being slightly higher prices but at the same time it also looks like it's kind of stuck in a range 2.443 um was the high in the in the 30 year uh four weeks ago um you know and here it is 2.276 so it's just in the range it sounds fantastic so question is uh hi basil i am long tbt at 25 so let's go to tbt tbt is the inverse of the Lehman 20 year t-bond fund trading at uh 25.76 up 70 cents up 2.79 percent but it's stuck in the range if i had to draw that rectangle formation or even the head and shoulders formation i'd say 2650 could get to 2650 goes above that and that's really really important it's the speed with which all this is happening but you've seen it before years have had a lot of volatility uh in range not so much in so in single day-to-day range but if you just look at it it's been look at this here's the rectangle in the weekly chart lowercase h goes to a lowercase m so um i'm long tbt at 25 i believe this will continue to go higher since tlt looks to be in a downtrend having broken the h pattern in november yep yep i did that but it's it's now holding the slightly higher highs slightly low lows and it goes on to say please do an analysis and let me know your thoughts on staying long or adding to the position thank you for what you do for all of us Alan thank you Alan i appreciate that okay so just remember i i look at the charts and uh code in the den saying boons so huge jumping yields point minus point 27 in october uh they will point uh minus point 72 yeah yeah these are very big numbers on a short term but look at the chart the big thing about the chart is that the ultra short nemon 10 20 year went from almost 42 down to 23 so this is just a little bit of a bounce within that range so uh that's the one side of it the other is um another one i got just a moment ago is um paul says uh i see you hey paul just speak to the issue of what it is just forget about me don't don't talk about me instead of saying i see you have been avoiding the tlt again i spent the time with when i did very show this morning i said i when i did the update i see we're gonna discuss it i have no problem i have no fear i have no nothing about bonds i mean i just do what i do i see you've been avoiding the tlt again you don't understand bonds bond lessons coming uh listen i've been talking about zimbabwe and bonds for a long time and i have said i don't think that's here now it's not yet maybe later next year in 2020 we start to see something very different in the bonds because it's going to be an inflation aspect gold bonds uh gold bonds that's very good um but paul forget about me don't don't don't get pleased just because i'm if i if i'm making a mistake or whatever it's got nothing to do with me let's do an analysis it has to do with the big picture the big picture says have a look at this chart you see this middle chart the weekly you come down sharply you make an h pattern and then you make it another art formation that's called the h to m pattern in the chaplain wave methodology there we are what happens next is going to be important i'll make it simple if tbt starts to trade above 2732 can't just sneak above it's going to trade really into the 2750 or 60 area that's going to be a big deal because you've taken out the gap you've done a whole bunch of things and all of a sudden you've got higher highs and higher lows the trend is changing and until that happens i'm looking at it as a trading range i am looking at the yields the same way i'm looking at the tbt the same way i'm looking at the tlt the same way when the levels break with the tlt right here actually takes out 134.45 the next time that is a big deal because it's making lower lows lower lower highs in an h pattern that has another failure that's the pattern that i always talk about in the in the dreaded h so keep an eye on that it's not me it's the bonds remember just keep in mind the two separate things i'm just a mere grain of sand bonds are the mountain so keep that in mind so that's that next question i had was oh well did i answer the question show much and about a number of screens a number of et cetera i have three or four screens i say all four because one i either put on put off but i have three screens on my main computer and i have two laptops right now that are open so i have 12345 i have five screens right now i have had as many as seven i'm actually going to try to whittle away because i don't think you i need to because i'm doing a show i need to be able to see my engineer what's going on i need to see oh did i just mess that up can you see my engineer my engineer right there producer yeah i'm okay i need to see that i need to see emails that are a little slow on one machine and really good on the other um there's a just i like to actually see the charts that i'm showing so that if something doesn't show up i can immediately go to that and correct it so yeah um i that's my impression my impression is that um if you do your analysis now i do trade very short term so i like a completely separate screen or at least a separate at that particular as i'm on there so that i can see whatever is happening so it really depends on what you do but if you if you're really just doing it because you identify trends and you you don't have to get carried away with too many screens i i i'm trying to cut back i'm not trying to add i'm trying to see if i can whittle away and i do everything i do in minimum rather than maximum so i don't know if i've answered your question that's kind of how i'm looking at doubts that 190 sbs down 20 go since 1984 basal 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 basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and 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 basal 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 basal's daily trading newsletter by visiting the front page of tfnn.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to basal'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's 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 using a combination of equity trades along with options david keeps his subscribers up to date with 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thousands of stocks for fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com uh yes so i the question i got here is uh let's see let's see let's see yes question is uh thanks for as a reminder will you take a look at KL on your show today i have no position nor am i especially interested in buying i'm mostly just interested in learning to recognize a chapter of price volume climax reversal where it appears so we're looking at KL which is Kirkland Lake Gold this is the one that's been in investors business daily forever i mean i've even heard of it and suddenly it shows up as like number two or number three then they're top 50 and it really i think because of that fund managers were buying when they wanted gold i think they were going to the gold and gold share they went to Kirkland Lake Gold so the storm thing look at this look at the look at the monthly chart it crosses positive in the uh ninth-grade moving average back in june of 2017 and about somewhere between 743 and 962 so let's call it eight um and it's still huge green but it's gone to a peak d remember peak d that's the chaplain wave instant restart great technique goes abcd a second d this right here at the chaplain wave two bar reversal 51.03 in august 51.08 in september 51.08 let me just type this in here and then it takes a tumble but it takes a tumble um you and i would call it a tumble but if you look at the the monthly chart at this particular point i still can't do anything other than change that to gray there's no red there's this is not a peak d top because the magnate is still positive and stochastic it's still at 81 but turning down on balance one is turning down and look at this huge candle i usually with a candle like this i spoke about it this morning oh it was one of the commodities that exactly this candle except it was green i think i'll try to find it just now so i usually just outline and say you break above it you go about 15 that's close about 50 usually i say two out of three bars but that's a months so let's just say for any weekly close about 50.25 um two weeks in a row will be really positive and any break below 37 20 let's call it 37 dollars says uh oh it's going even low i think it's more sideways it gapped down so uh so uh ken wants to know um right here was that a chaplain wave volume reversal well the question applies to the 25th of november where the volume was nine point nine point four nine million four nine eight so it's called nine point five million to the downside with a gap down one day it's trading at 47 uh 51 next day the high is uh 40 to 64 and hits 3911 so i must have been earnings or something like that but the next day it has 5.0 million that's not a chaplain wave volume spike reversal so remember at the time i think i spoke about i said no i don't think so and then we haven't looked at it for a few days well the next day had a low volume and a lower price so that negates that particular technique the technique i was talking about is one that applied to now this is service now it services and it has a huge volume reversal on the 23rd of october it's 213.99 it was trading at 276.50 just a week and a half before that that's a whopper of a down down move and it had one of the biggest spikes in volume now it's also had a huge spike in fact i wouldn't be surprised if this is a volume reversal to the upside uh on the 20th of november it had a whopper 37.9 it's called 38 million so what i said is that expect 28 sessions of up move but we won't get to buy it because i had other stocks that we looked at that were doing very nicely um uh they made a purchase and got dinged oh that must have been we were talking about uh we were talking about KL yeah so that it's in other words that one didn't apply to what i'm talking about now what we're looking at Kirkland has gone 1 2 3 4 5 6 7 8 9 10 11 12 13 14 5 6 7 8 9 20 2 1 2 3 2 3 2 3 2 4 3 2 5 2 6 2 7 today's the 28th day and what i said right yet about 238 in uh about the 29th i think it was of about 20 29th of um of october is that this should go higher and if it doesn't come even close to below in 28 days it could actually go on for 56 days so i don't know if that's the case we've made a peak c1 c2 c3 pull back here um let's let we'll follow this this is what we're doing only theoretically i would have said buy it but the only reason i didn't and i love its service now it services i love the actual company just a little bit i've read about it and what it's done technically but we had others that we've done nicely on so that one i skipped so um clvs clvs i also want to look at this because i said oh look this is a chaplain wave screamer uh what a what a beautiful we had this i spoke about it but we didn't buy it oh look at this leg every day from this leg right here and and clovis oncology ink biotech right here on the 20 i think i mentioned it somewhere around the 20 20th 23 it was in the sevens maybe it touched eight um and it's gone from eight to green candle higher green candle higher green candle higher green candle and today another candle i don't know if it's gonna be green but it's another recovery high up in the 17.37 it has doubled in price this is what we call streamers my chaplain wave uh in my opening call newsletter um we tend to be looking at these some of work we were some of work beautifully if we don't have and some we've tried tried i make it a one or one look one at one point 30% risk but there's a three to five percent gain it's a screamer so anyway we'll see what did i have today um yeah i'm looking away start let's see going to um questions that's that's that and then there was a question here i had from Hector and Hector i just why did i not put it in uh what you were asking about oh i'll try to find it during the break i i remember i said i'd get to it oh man that's that's silly i wrote down your name and then i forgot to put what it was all right i'll figure it out and then i had a question earlier on when i was doing larry show about new call this is a steel company believe it's still a company trading up 28 cents at 56.64 in a day when the dows down 23 234 sbs down 26 this is very nice action and it has to do i think with must have been tariffs look u.s steels up 47 cents at 13.59 still doesn't look great ak steel is up uh whoa there's a screamer 294 up 19 cents oh missed it ak steel very nice big spike um so yes new call i think it's it's looking really good um i think it's a little choppy magdi is good it's just cross positive again um it's a 90 point 90 percent in the stochastic and hopefully flattening and that muscle pull back and the magdi and stochastic in the weekly are very good but it does have a little doji candle and that weekly chart is a monthly chart is really not very good so this is a situation where it's improving and i wouldn't be surprised if that if the the fundamentals are improving but i i do suspect that that 200 per moving average at 55.74 in the weekly chart says it's going to go up and down and up and down for the next couple of required maybe four or five weeks before you can break into the 59 60 area so just keep an eye that this is acting well wouldn't be surprised if it falls back a little bit it's in c in the weekly chart 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mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest to market information uh yes so just a quick thing going back to the tlt um so the big question for me looking out is is there going to be a zimbabwe type inflation where the fabric and everything starts to pick up or is there going to be a deflation deflation many people think deflation is the worst thing where you cannot raise prices and and profits just keep going lower and lower and lower um but you know inflation is just that it's not a good thing inflation remember the 1970s with inflation you had to go to the post office to see if the stamps that you bought yesterday are the same price it's just it's not good so with the world economies in this in this situation where everyone now you've got you before you had maybe two countries maybe three countries vying for your dollar on a particular good but now you've got uh you got india you've got so many countries around the world that are wanting to buy to for you to purchase their goods that i i think it has at least for now this this is part of the deflation thing on the other hand when you look at look at this let's go to the rth the rth and i had a question about the consumers so to 120.98 was the uh all-time all-time retail ETF all-time high while all-time high in retail this is with amazon you got an all-time high at 120.98 i think it was around about the 17th or something of 15th of november right 15th of november now i love the i love this one because it happens to include so what i said was 15th it happens to include amazon so i had a question would i be kind enough to go through amazon some of the others and the real big caps so what we've got here with today's action down to dollar 13 and 118.88 it's just two dollars off the all-time high but look at this this rectangle forming in the weekly chart look at the way the manky is good but turning down stochastic stochastic it's really good but turning down to 89 percent on balance volume made a high back here when it made that peak e-top on the 15th the 15th they did it together um and now it's pulling back so i've got to be watching this and the monthly chart is only in g-stash c i suspect i should call it to c uh why why uh oh a b c yeah that's that doesn't even put that in so you know what i'm talking about so and the mag d and stochastic in the week in the monthly chart are very good so it says to me that there could be a digestive phase right now so the rth is one thing veneque retail but the xrt look at this um all-time high 52.96 in august of 2018 it goes kaplop all the way down to the 37s uh most recently that was in august i think it was rebounds all the way to the 45 right here 40 46 i think 40 45.41 on the 7th so there's a big discrepancy a big discrepancy between these one is an all-time almost at an all-time high and the other is 7th and the other is um faltering badly because it doesn't have amazon so three things are three points i want you to make here is one if you go to i certainly down the northeast and i've been to a couple of cities in northeast but i'm really at this point i'll just talk about boston in the boston area the parking is prohibitive you can't you can't get parking um and miles isn't without taking a long walk and that's even was talking about the the brick brick and water places giving way to the um to everything that's done online but i think people like to go they like to walk around especially in cold weather so other things are happening and i think the true reflection is that you have to include amazon that's why i do want to do the rth but most importantly there was a dreaded age formation right here 44.6 no 40 well 45.41 how did i get that 45.41 some is listening probably saying you were listening to yourself i wasn't 45.41 on the 7th of november and then it goes to a higher 45.23 so it's making an arch formation here and the weekly chart is holding well with 43.60 to 43.30 as keeps keep moving average support and the monthly chart going for a sneeze a sneeze is coming get ready get ready so what we've got you in the monthly chart is we've got a single leg a that looks like it could make a peak a and this is the holiday season isn't that interesting holiday season and it's faltering the XRT S&P retail spider and hey that's that's to me is a big deal so here we go amazon amazon make went to a peak D that's what we're looking for it's only a peak C in the weekly chart but this peak D says be a little careful here amazon because you you're meeting up with target Costco Walmart there's a lot of competition now and the high of 18 24.69 that was made on the 29th on Friday we're now down at 17 in the 1760s that's a big move and the weekly chart is fading in a leg C with an H pattern forming so i'm saying to you that i think amazon has a tough numbers to come up with this year 20 35.80 was all-time high and i was yeah 20 20 50.50 was all-time high in September of 2018 plumbers to 307 round number low screams up to 203.203 5.80 in july and now it's back down to 1700s low 1700s so just there's a problem and this question was goog i'm going to goog because it's alphabet it made a peak E F it made a peak F in the chapwave methodology right here that in the 13 E F now it's in a cell mode in the daily and it's running at 1284 it hit a recovery high peak C in the weekly chart but it made a double top 1334.88 1335.50 see like a chapwave two bar reversal and a peak F and now we can make these weeks castings week prices week dreaded H pattern failure on the left side so far today this is this is not good news so i suspect that google alphabet has made a peak B in the monthly chart and could have a good digestive phase here i'm not doing a major crash i'm just saying a digestive phase next question i had was face got to do facebook yeah facebook is trading peak A B C there's a brand new leg D a doji candle turn around from Friday's high let me do this quickly A B C okay this is a leg C in the weekly chart and the monthly chart is stuck to 1862 was the all-time high in July drops very sharply down to the 120s springs back to the 204s and here it is at 199 it's holding pretty well i i like its action it's it could digest you but it's holding well so those are the questions i had the next question i had and now i'm trying to find Hector i can't find your question Hector if you don't mind send it to me again i'll do it tomorrow ups you got a break coming up final break and then we got a final section segment i'll be back basal chaplain dowels down 244 sbs down 27 um it's one of the reasons why we went short uh the dow um yeah i think i think we're in a digestive phase right now i'll be right back basal chaplain type in this design 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 trait 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 rode's author of mastering 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 six and three 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 that is transform me into one of the best at what i do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfnn.com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletter's page of tfnn.com what are you waiting for 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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 ionic soil based vitamins minerals fatty and amino acids and 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 page 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 nico and page of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of tfnn.com Hi folks this is Steve Rhodes stay tuned for another great hour of the Trader's Edge heard here at tfnn.com Hi folks we're going to go to uh just one second yeah I think Roku has made a peak g top in the daily there's an arch formation it's down to 23 and 137 I had a question about that so let's go to uh we got Scott in Safety Harbor hi Scott how you doing do we have Scott do we have Scott do we have Scott um maybe he's not there maybe waited too long waited too long no I'm sorry Scott I'm looking at X because I think I think that's what you wanted to talk about it's having a nice day just be a little careful here I don't see it as a fundamental turnaround yet I think it's still stuck in the range and it's up 37 cents at 1349 so just be a little careful I'm sorry didn't get you a call in time but it's just the same thing just keep it as your trading vehicle you're in and you're out that's the way I see it right now I had another question oh about my uh the talk tomorrow night at the Boston Investors Group and the Investors Business Daily this is the meetup the Potluck holiday party December the 3rd 630 is the potluck reception 7 and networking and 730 is where I'm the speaker seeking investment opportunities for 2020 um MIT building E-51 room 376 70 Memorial Drive Cambridge Mass I'm giving you this and you should RSVP go to their their page just check out Boston Investors Group but you all know whether we're going to meet or not because it's a big storm they say is coming tonight so we might have to postpone it for a week or two I don't know I'll let you know tomorrow but in the meantime that's the information you might need so the DAS down to 231 yes we did yes we did go short the Dow again and I think that this is going to be a really important moment because you know what I'm looking for I'm looking for the moving averages to cross negative and so far they're not so look for some kind of a balance each time but lower highs and lower lows is kind of my theme for the moment and yes we've got one of the index that is not doing very well today that's another one we're short that's short positions and long positions are done very nicely and actually most of them are holding very well even back in America is actually up today so that's our situation and Steve Rhodes coming up and Dave White and Tom O'Brien have a wonderful day and check out my opening call my gaining newsletter and hope to see you tomorrow at this time have a wonderful day