 The following is a presentation of TFNN, the morning markets kickoff with your host Tommy O'Brien. Good morning, everyone, Basil Chapman sitting in for Tommy O'Brien, tough shoes to fold and we'll do our best. We're looking at the Dow futures up 369 at 29,905 just yesterday, not at this time, maybe an hour and a half earlier than this time. The Dow futures were down at 28,635, that's a 1,500 point rally from the low and what's really important about this, and this is what I was mentioning to my subscribers to my opening call for a week now, I've been saying there is so much pressure to the downside that one of the techniques I use is this on balance volume, this little blue line here, that's using volume, I don't look at the volume bars, I look at the volume as accumulation of the selling and buying. In other words, on any chart you're looking at, the bar that concludes, if it is up, you would add that total volume to the running total, and if it was down, you subtract it. It's just the simplest technique that Joe Granville invented, it used to be so complicated when you had to type in 1,005 or 73,001,640, et cetera, and then add it, it was just horrible. Now you just go one line, it's just beautiful, and I spoke about it in my video that I did for subscribers on Saturday from the overview for the week, I'd mentioned that there was a chance that we could be getting some kind of a trough in the on balance volume which is trying to make a V-shape turnaround, it hadn't of course done that yet, now it's done that and that's an important thing, so that was the one thing. The other is the speed, we were buying the diamonds for a few days going into the low with a 1% risk, a stop of 1% on a $300 something instrument, that is like nothing, it's like an eye blink, and we took a few losses, but look at the gain from the low yesterday to today, look at the way today's future's high, it doesn't matter but it's already done, it's gone right to the 14-period moving average which it hasn't touched since it broke down on the 13th of September, look at that, the 9-period is the pink because once across is negative, that's like a sell signal or sell mode, and if it goes below the 14-period moving average it stays pink, if it goes above and to get above, you're going to have to have the Dow futures or the Dow, let's call it the futures for now, that's what we're looking at, going to something like 30,400, 30,500, to even get close for this pink line which is so wide, the distance from the 9 to the 14 is so wide it's going to take a lot of effort and quite a bit of time, and this is an incredibly powerful move right now, my thinking here is, I was very disappointed to see that the Dow futures were up this high even though we were long, because in a sense it's kind of used up a tremendous amount of upside momentum to get rid of some of the selling pressure, but look at the bar itself, you've taken out 1, 2, 3, 4, 5, 6, you've gone into 7 days ago, the candle of 7 days ago, the Chapman Way Roman candle, with this move up today, that's tremendous action, so you've taken out all those little 1% losses and now all of a sudden it's a nice big gain, but that's the issue, the issue here is going to the E-mini, let's go to the E-mini right now, the E-mini is up 55, 37, 46, hit the 14-period moving average, first time since that big sell, sell it back in September, plunged it from the 200-period moving average, it went all the way down and it's gone basically from almost 40, 4190 down to the low that was made in the 3,500, so now this is very important because you've got the, let's go to the Nasdaq futures, look at this, also hit the 14-period moving average, so all of these have become extremely, I don't even know if I can call it a near term, but a very short term move to the upside has usurped a tremendous amount of the downside energy for the upside, now we've got a little bit of an equilibrium focus as we are talking at 9, 12, 9, 12 a.m. in the morning, eastern time on this Tuesday and we might have to do a little, I would love to have a digestion period that goes into about 12, 45 and by two o'clock this afternoon we're starting to head towards not the days high, but at least a pretty decent rally, that to me would be perfect, hey the mark is not listening to me, but in the meantime back at the ranch all we've got is we've got to follow whatever is happening right now, this is to me most important, look at the way gold, and I spoke about this the other day, I said gold, let me hit the right picture chart there, gold was acting okay, not great, but considering what the dollar has done, gold has actually done pretty well, it was silver for a week now, I've been talking about how silver was doing so fantastically in terms of the chart pattern way better than gold and then yesterday was a stupendous move to the upside, taking out all the resistance that goes into September, but then all of a sudden the August high, there was the August high on the continuous contract of the 15th of August at 20.949 today has been taken out, we are at 21.075, we've hit 21.115, this I'm calling this a leg D in the chapter wave, let me just do this real quickly, because some of you are new to my work, if I can get it, there it is, in the chapter wave we try to identify the lowest low bar, merely count E's successively higher peak, alphabetized sequentially in upper case on the way up, lower case on the way down, A to G, ABCD, the fourth highest peak is where other things can happen, it can go higher, actually there's a technique that I developed decades ago where there could be an instant restart within three bars where a new high is made and all of a sudden what you've got is, you've got another buy mode that can go to another four higher peaks, it's a fantastic technique, let me just do this for a moment and so let's get out of that and show you the next pattern, I'm only looking at three chart patterns, straight line up, straight line down, one, two is a cup formation, three is an art formation or a mix of one and two and one and three, one and three is where it's called the dreaded H, it looks like a lower case H, if it takes out the left side low it can go a lot lower, you can even see just here in the corner that I'm showing you, you see this is the gold silver, it made a dreaded H at a peak B, if it goes to an A or a B, the second highest peak and then turns down and takes out the left side low, there can go a lot lower and the reverse Y is when it takes out the left side high, it can go a lot high, all right so those are the techniques we'll talk about, in the meantime we've got, so gold is doing very well, silver is doing very well, this is going to be very interesting because the dollar, we've been along the dollar since 2018, the dollar is trading down 0.68 at 110.19, now it made a peak D, I'm almost about to put it down arrow, I weren't yet, 114.78 was the multi-decade high, look peak F in the weekly chart and only leg C in the monthly meaning the dollar should still go higher, it had a high of 121 a long time ago and it's trading at 111, it did it 114, not very far from that upside potential target, meantime it is pulling back and if you look at the euro EURUSD, look at this, nice move up leg B, finally the euro is a little bit of respect, it's trying to get to the 9 and 14 feet, moving average it's failed every single time at the 14 feet moving average, would it make it this time, I'll be back, Master Chapman sitting here for Tommy O'Brien, I'm walking off, I'll be back in a moment VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project, VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve, VistaGold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction, VistaGold trades on the NYSE American and TSX under the ticker symbol VGC, VistaGold executing a strategy to create shareholder value, everything in the universe is governed by the Fibonacci sequence, this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market, to stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis, after all he's got 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you how's everything well things are good and I don't think this is a big surprise to you you've been anticipating some kind of a bounce so what do you think yes I think you're going from you know this is day two you can make a case that the dollar was extremely overbought it's now coming down yields were overbought they're now coming down bonds and notes on the I conversely were oversold they're now rallying you've got comments from Rebecca Greenspan from the UN talking about what interest rates are doing to developing countries I think that's those comments are making the dollar weaker this morning but yeah I think the overall you know we're in a strange world right now Basil where economic data is counterintuitive right you're looking for soft economic data not strong economic data a little bit couple misses and some economic data yesterday on the downside gave the market more legs I think all things considered though you've got an old meeting coming up tomorrow that's going to be significant you've got five Fed speakers today we're about to get some jolt data here at 10 o'clock eastern which is going to have a number north of 11 million again is the consensus so there's a lot going on here but certainly start today day two of a pretty powerful rally so Kevin I think most people with the question they would ask you is what do you think in terms of endurance what do you think about the longevity of this is just a little balance is it something I know there are other factors that we have to look at but just in terms of all the things that you the stocks everything that you look at what do you think it could be an outcome let's just say going into a week from today yeah well I think you know the f&p hitting 3600 or got down to about 3570 before it recovered this market has come down a long way basil so the question going in to third quarter earnings is have all the expectations come down far enough where we could get it upside surprise from third quarter earnings that is I think the key to what this market is right now have stocks come down far enough to discount everything that the Fed is going to do and then frankly this market needs to Fed to maybe be less hawkish than they have been drone Powell has been as hawkish as I've ever heard him since he's become the Fed chair in the last few since Jackson hole up until now so I think it we're at a real interesting space but corporate earnings versus the expectations for corporate earnings are going to be a big driver for what stocks through the next you know month and a half or so so the stocks that kick off the earnings reports are they the stocks that would be leading stocks or is that more in the middle the ones that start off the first names that we always focus on are always the banks they're always the first one to really lead off earnings season in terms of any sector of the economy but right after that comes the highest of high profile names so that third and fourth week in October are going to be pretty significant I think in terms of the high profile names that come out just look on the calendar it's a who's who of earnings coming out that week I think with the fang names the nasdaq names that's when the rubber is going to meet the road because economy because they not only have to put out numbers as you know they got to put out a projection for the next three to six months and I think that's where things get really interesting basil what what do you think about the XLF the S&P today financial spider fund pulling back so sharply when yields were actually climbing so that the theory that very often when the years are going up it actually benefits the banks we didn't see that this time so the other things going on right well when you're looking at financials in general the problem is everyone's knee jerk reactions should be well yields are going higher so the banks should be doing well yes but an inverted yield curve hurts them so one part is working for them the other part the the yield curve is working against them so yeah it's kind of a uh it's right church wrong pew in terms of financials they're unable to spike higher because of the yield curve problems so what are you going to be looking at in fast money uh this afternoon oh we're going to trade uh remember we're in that chasm between the end of early season and the beginning of early season so we like to do themes and so today we're going to trade target and walmart in the first two segments and then we're going to finish up with expedia because the travel socks have come back to life so expedia covers all those that covers planes and towels rental cars everything so target walmart and expedia today oh that should be really actually that oh the information that you give should be terrific because uh those are all in the sweet spot at wall the the good spot of the bad spot of the economy so there's a lot of information there exactly right i mean walmart has been and target have been pretty high profile in their struggles with inventories and getting the inventory right as uh consumer spending pivoted so we need updates on them are they getting through their inventory how do they look coming out of the third quarter and remember target talked about margins going to two percent so they could go back to six percent later we'll see it we'll check and see for an update on that yeah and they're both to go a really sharp dive uh earlier on and they've been trying to stabilize at the bottom of their range so this should be very interesting so so for listeners fast market i call it a fast money it's actually fast market and the what the the team looks at are options as well and different ways of looking at specific stocks with what the news is coming out and how you can deal with it in a very uh i i think succinct way i love the way you use options and the it's really very interesting very educational thank you bevel you know i think it's our job to give like yesterday when we looked at a stock we talked about uh in terms of rivian you can buy the stock right for about three thousand or thirty one hundred dollars or we gave a bullish option strategy that you could do for about a little over five hundred dollars so we're pre-market i should also just want to mention uses of capital basil i just wanted to mention pre-market it is up 231 at 34.20 rivian oh that's very good so um so folks i i encourage you to listen to many of you do but i encourage you if you haven't been listening to fast market this is a really excellent show and it's not it's i think it's over a period of time people get used to the vernacular they get used to the terms and they get used to it always sounds options oh my god but actually options can be a very very expedient way of utilizing less money for greater purpose exactly and the key is to educate yourself on how to trade risk to find using options and that's what we try to do every day and you know i love that aspect i just have one question for you in terms of the fed itself is that do you see a dichotomy and actually what the fed is saying and what the market is telling us i believe that you're you're seeing pressure from the un on the fed to be a little less hawkish so far we've heard from a lot of people to have heard from joel paul yet okay thank you very much and folks listen in it is at noon today eastern time kevinings and fast market time of glooming inflation we are purchasing powers eroded there's no better place to protect your harder and money than in gold this the gold's flagship asset is the mount tod gold project in the northern territory of australia this is australia's largest envelope gold project we are talking a world-class gold project in a tier one mining district this is a large-scale low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction vista gold just completed the mount tod feasibility study which resulted in a 7 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the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com vassal chaplain sitting in for tomyo brine this is market kickoff and boy i want to kick off the dow is up 363 off the yesterday's spectacular 700 point move to the upside we're looking at let me just type that in so the e-mini it just popped up to a peak c but underneath the previous high whoa whoa yep underneath the previous high in the uh you remember i was looking i'll show you the chart uh the formations in the chapter we've identified the lowest low bar and a buy signal upgraded to a buy mode should take you to at least a peak d that's where other things can happen look at this peak d in the 120 minute sorry this is in the 10 minute chart of the uh december e-mini at 3761.50 pull back sharply and i drew in these are patterns that repeat over and over and over again look at this the long rectangle sideways pattern that's been going on since about five was five thirty this morning just stuck in a range between three forty thirty seven forty and the 3765 uh 3755 56 area and we'll see if it's able to break out of that and most importantly uh we're also looking at let me just show you here's a pattern i spoke about the pattern called the h pattern like a dreaded h well we went to an arch formation held very nicely spiked above the 200 period moving average for a leg c we'll see is it can there be a d and then we start to pull back or is there going to be buying intensity out of all yesterday was the kind of move where there was very weak action going into the very early a.m. futures that all of a sudden it started to strengthen and it strengthened in such a way that it wasn't giving anyone time if you hadn't gotten in on friday it gives early monday morning it gave you no time to get in and then what happened is there was a pullback and it was intraday early morning and it was just a brief pullback pretty quick pretty sharp and then the market continued where buying pressure came in on every single pullback here we've got our leg d remember the chaff way buy signal to buy mode says you should go to at least a d we've got a d right now it's expanded our s and b futures up 67 at 37.58 and let me just see here let's go back to the uh 10-minute chart always think of this as if it was a daily weekly monthly but in fact it's a 10-minute chart and you've got that rectangle now there's a pattern that repeats i couldn't tell you how many times where it goes into a sideways move a narrow rectangle formation and it makes a cup formation and that cup formation says how you deal with the left side high that was formed is going to be imperative to monitor you can go above it but you've got to close two out of three of the following bars or whatever time frame you're looking at to be able to substantiate to say maybe now the technicals that had weakened are strong enough to start another move to the upside or you can get a measurement that i call matching the left side right side the symmetry what happens at that particular top that was formed and what happens at this one and you can see the mac d this is the mac d right here uh if it deflects lower it says uh oh that was just an opening uh short covering balance and now we're going to have a digestive phase but if it starts to rally further it says uh so many people missed out on the move uh yesterday and we're in total disbelief and didn't even cover shorts or we're starting to cover shorts but still have tons of shorts i mean i'll show you in a moment exactly what i mean that the buying pressure can remain so this is important look the stochastic's only it's 53 i love it when it's in the 80 percent area it's great when it's about 90 percent it's only a 53 that that does give you room to rally but it also says this is where it could reverse down and the on balance volume is giving you the blue line a very over so overboard sorry overboard reading so i'm really watching this very closely my suspicion is that sometime this morning we're going to get some kind of a digestive phase how deep the pullback is and how quick it is or how long it is are going to be absolutely imperative for the the whole candle of this week to be formulating and that's what we're going to be looking at all right let's get back to our story here uh and want you to cover these because now we're live and now i can go look this is the ung uh someone mike in the den said he's long the ung i've said ung i looked at the ung that's natural gas uh united states natural gas fund i looked at it over the weekend i looked at it yesterday i was going to be one of my buys for subscribers i'm opening and then i thought you know it's under the 200 period moving average that means it still has to test that 23 uh 60 level and if it's able to do that and then start to move to the upside that'll be very important so yes it's running nicely it's up 20 cents at 22.60 and um basically what i'm looking at here is within the context of natural gas let's put it together with uh crude oil just because i want to go through those soft commodities look at this the the crude is up two dollars and 15 cents at 85.77 and this move has 200 period moving average of 86.62 as the resistance level but this is a slightly different pattern to the natural gas now it's so interesting because for months i've been saying try to separate crude that's crude oil or oily from the dollar because something used to be when the dollar was running crude oil would pull back when the dollar was coming down crude oil would rally uh that that um parallel motion or opposite motion isn't in place anymore it's just crude oil is in its own trajectory it's just been every single week it's been pulling back under the 14 period moving average in the weekly chart and it's been straight now it's bounced to the nine period the pink nine period moving average and that's a good sign of the shorter term but the cup formation that was formed from the high of the week of november the 11th when it went to i got 120.59 but that is a this is a this is a rolling contract in other words it is a continuous contract so that price could change i'll tell you what it is right now so that is at 190.72 so slightly different but that high the week of the 11th of uh march had a sharp pullback and then it started to make a cup formation it went to just under that 120 level and that was in june and then the pullback very sharply it made like a pyramid eiffel tower straight up straight down pattern and a pullback and it went underneath support that's the most important thing the support of the 18th the week of the 18th of march of 82.75 it closed under that a couple of times now it is at 85.79 trying to get back in so that says this particular pattern says you could rally you're probably not going to go much above the high that was made a week of the second of september 97.21 without bumping to a lot of resistance so that's that's important but crude oil is rallying and the very short term the fact that crude oil is rallying is kind of a good economics sign because it says there is some some kind of action in the crude oil rather than going to low lows and lower highs just continue with low lows and low highs meaning that the demand for oil is not there this looks like there is the demand for oil so the parallel of crude oil very often rallying when natural gas pullback might be changing also you've got winter coming so natural gas should be in play but so far it's it's really struggling so as i say natural gas itself needs to get above 7.04 the 200-period moving average is at 6.59 and then we'll see what happens i do believe it's trying to turn the average we'll have to watch it closely another a couple of questions that came in is you had mentioned the iyt which is the trans force the other day yes the transportation is having is is trying to fill the gap from three weeks ago it is up 4.77 i chose 6.02 i'll be back in a moment basal chap been sitting here for tommy o'brien this is the market kickoff hour i'll be back in a moment that was up 489 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the 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including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor fund services llc this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz and 41 and the s and p is up 79 just fabulous fabulous action but unfortunately it's not giving anyone who wants a pullback to get in uh to stocks that they want to maybe yesterday um taking off and you would expect some kind of a pullback days young we'll see what happens meantime back at the ranch amazon finally is having a decent day but i think it's still looking very weak overall um so unfortunately i don't do the kind of work that tom your brine does we need to discuss as you know he'll talk about amazon you talk about in a fundamental way or talk about it in in a way that tries to tie the technical picture together with the fundamental picture i'm just looking at this purely anecdotally i'd say that amazon i mean when you when you put an order in and it says it'll be there in in three hours which happened to me just recently i couldn't believe it i mean that means they have warehouses all around the country all ready to go with different things that they know are in demand they're not going to have stuff that's not in the mind just sitting there but that is quite quite incredible so um in that sense amazon in many ways has changed everything about uh shopping just everything ever since it's come around uh um baseless put put money into um basically changing the concept of what one had thought of with bricks and water just turned around his head completely and uh you don't have to step out of your house you can just have everything come right to you not everything we're just about it's just an incredible feat but at the same time there are consequences and i think the costs of doing business now i think for amazon that's i think that's what you're looking at from 188 back in july 2021 to the most recent lows um at about 100 um that's you know that's the one is about 80 percent sorry 80 percent that is about a 40 45 percent a decline that's that's a huge decline most importantly what we're looking at here is that amazon might be stalling but if you look at the xrt which is the retail index this is the equal weighted it has amazon but it doesn't distort like the rt uh rth does you can see that generally the selling pressure in all of the retail uh sector itself that has been persistent and even in this arch formation or inverted v shape formation going to a leg g to the downside in the weekly chart says yeah you could rally but you're probably not going back over 75 in this particular at least this is what it looks like right now that could change because we've had um a lot of short covering but i believe there's also new buying for the last week or so i've been looking at chart formations that said there are some stocks that seem to be having off the massive some of them 80 percent uh declines some kind of buying based on the my work on the on balance volume etc and that should suggest that it will help the uh retail and let's go to the rth which is uh 20 percent i believe you at 20 percent is amazon i don't know if that's still the same i've got this historically i'll be looking at it it doesn't have say the it doesn't have the same decline as the xrt so in other words you can see amazon has already helped uh the overall rth vent egg retail etf in a different way uh but so it's at the bottom of the range nice move up today up to 19 up 2 percent at 161 50 and this one has a lot more resistance levels but let's just say we're looking at this in a week and a half and for whatever reason it's managed to go from 161 right now and it's managed to go between 165 and even the 200 moving average of 169 if you're looking at it on a weekly chart it's still saying that weekly chart it's still a weak weak weekly chart if you look at the monthly chart it says hey that's not bad it's held very nicely when you consider everything that's gone on that you've got an index it's gone from 200 down to about 150 in 145 and now it's balanced back to 161 it's not bad so i'm trying to put this into into some kind of perspective that says um within the context of this nine month bear market and it's a real bear market and a real bear in some sectors i mean look at the smh's smh's semiconductors nice move up today up six dollars and 25 cents and 198 still only just a great leg a and the mag d is just finally turned positive barely and sarcastic still stuck in 15 percent and this is just saying we're not out of the woods yet even in the semiconductors even though this is a great move um so i'm trying to put the picture together and i'm trying to say it's very selective and a question came in can i look at bank of america well bank of america is part of the xlf fabulous move today up a dollar 12 at 32 22 trying to pull the gap in from uh september on that way down um the weekly chart has made an arch formation never took out the left side low so that's a good sign and but if you look at the monthly chart it says you know normally we'd be buying for the subscribers of opening court every year we we've bought um for maybe six or seven years bought bank of america and wrote it up for a really nice gain and as it started coming down we take our profits and then we'd get out and then go back in again we've gone in once uh just recently it was a nice move up but and then we got it taken out i think for a little bit of a gain and then i said no let's just wait i don't know if i'm ready yet for the xlf even though normally if you're looking at the tlt which is the bonds down 35 cents at 103.48 today the the relentless tnx the really relentless rallying in the 10 year all the way to this last high of 39 69 no what was it 39 92 3.992 on the 27th of september has seen it looks a little like the dollar doesn't it it's seen a pullback and what i'd say to subscribers to my opening call for the last two weeks within the context of this extremely oversold level if we were to see yields start to pull back if we were to see the dollar pull back and maybe golden silver i didn't think silver although i spoke about it being looking so great and we bought a silver stock on friday it was up huge almost 20 percent and we took a little bit off this this morning um i if if you saw the counterpoint of dollar down and gold up and you saw crude oil and i wasn't sure whether we needed to see it ready to say that maybe the economy's how seeing some buying pressure because that's what you want to see in crude oil or whether that as the continuous selling pressure is is still excellent we'll see whether or not the the oh and the vixx how can i forget the vixx i especially wanted to spend time today on the vixx and the vixx being repelled from the chaplain wave inside track repellent zone as we spoke about all of last week then we could see not just a rally we could see a rally that has some substance now what's important about the rally so we'll come back to the vixx in a moment maybe when i do my show we do a little bit more uh on the volatility index but the v shape pattern is so important let me just get that off there okay uh i and d you uh what we're looking at here is the v shape turnaround we've seen it before remember that 31182 low that was made in the 6th of september and there was this quick one two three four session moved to the upside big green candles to 32504 and then the dreaded age pattern has a growth the left side low and kept tumbling down so when i get back i'll talk about this leg a oops leg a that's unfolding right now it's a gray leg a and why is gray and what do we need to see to get a buy signal and then buy signal update i'll be back in a couple chapters tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with 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really important i got a question about iwm the iwm very nice move today this is a it's one of the few indexes that didn't take out its left side love 162 back in the 16th week of the 16th of june i'll talk about that when i get back because i want to see what's happened 10 o'clock to 10 30 this morning that's going to be very important it's actually a big important phase right now in this the move that saw a gap up huge gap up this morning a bit of a pullback and then another spike to the upside look at this the one-minute chart actually made a brand new template in here we go this is an instant restart and made another peak d we were talking about that earlier on and we'll see if it pulls back from here so within that context to check out my opening call my daily newsletter and excuse me i'll be back for the news and then my show the tiger technicians out a couple of things that i want to look at i'll also spend a little more time on the vix index because that's where it might have a little bit of a balance between 10 11 o'clock this morning if it continues sliding like this this inside track repellent zone that's worked for the whole year we'll see what happens by Friday of this week on the weekly chart of the vix index it is down sharply down dollar 13 and 28 97 i won't be happy until i see a trading in the 27th for a couple of days so with that said we're just about to wrap up this particular segment i'd love to take your questions tell me i'll believe i believe we'll be back tomorrow and as i said i'm just filling in today filling in for this hour cannot fill in the fundamentals but try our best on the technicals and there are a couple of things we need to look at and great between 10 o'clock and 10 30 we'll get a lot of information so with that said thank you great program you're coming up all day of course you're my shows you've got Steve Steve Rhodes you've got uh think i'll swim with uh kevin and then you've got David and you've got dave white trouble brian wrapping it up i'm back with my latest check have a good day now it's up 637 i'll be back