 investors. The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hi everyone, Hazel Chapman on this Monday the 8th of August, quite an exciting week I think we're going to have here. The objectives we had based on the Chapmane methodology I've been discussing it live here every single day for weeks and weeks and weeks is that in the Chapmane methodology once you get a buy signal that's upgraded to a buy mode the implication is you should get at least four higher peaks alphabetized peak A peak B higher high then higher high becomes peak C and then a peak D you can go all the way to E, F and G you get a Chapmane instant restart at D. D is your objective other things can happen at D. Most importantly is you take time measurements, you take price measurements, you get bar symmetry a whole bunch of things and if you look at this particular chart right here, I think I've got a better on a different chart doesn't matter, what we're looking at is that 200 period expedition moving average this orange line which you didn't have to even care about until it came into focus without a focus when we're down at 29,653 on the 17th of June and look here we are practically touching it I think we're within a couple of points at 33,109 33,162 is the Georgia period moving average and it's made it's all our objectives have been hit for this particular phase in the Chapmane methodology which I'll be explaining and going through in very great D this is just a perfect time because all the things that we're talking about are unfolding as well as that digestive phase at that peak D the resistance that you would expect at the 200 period moving average all these things we've been talking about live every single day the fact that the on balance volume this little blue line here has been kind of okay but not good and the retro strength the gray line has been very good the stochastic is really strong and flat that's a really big positive 89% the MACD is good the 90s way above the 14 all these things we've discussed in great detail and here we are beginning over over the weekend a boost to the market and all of a sudden you're looking at weakness that was there Sunday night going into early this morning turns around and we get this big spike up 260 points in the Dow at 33,066 I said that the area of the 33,000 of the one kind of 70 30 thousand 250 is gonna be really important because once you go to 33,300 it means you have arrived you are now above the resistance levels you're above the 200 period exponential moving average other times it's been there and failed it's April the 21st it went to 35,492 and got a peak E and it failed with the same pattern that we're looking at here in terms of the notation but a very good look the stick is what I'm going to be teaching okay easy you can you you put on your indicators and you don't need them at all until you need them and when you need them they're right there you do a vertical test of what I did before I said the highlight was made in on the Dow at 35,372 back in a March was very strong then we made the cup formation with an alternate count it went to E B and I said the measure says that this MACD could deflect lower stochastic way down in the 48 52 percent area and on balance volumes fading this is not good and then we turn around look what's happening here the MACD is strong the stochastic fabulous at 89 anything over 80% is good anything over 80 86% is pretty good in the 90% or high areas fabulous in here with 89.38 but the on balance volumes just suggest it's struggling a little bit still not bad but struggling a little bit so it means it's a holding pattern and remember I'm going to be teaching about magnets what is a magnet a magnet is something that when the outer bands of attraction or repellent are inactive because it's just too far away it doesn't mean a thing but once that piece of metal or whatever in this case the price gets closer and closer to the magnet focal point in this case in the Dow it's 33,000 what did I say before 33,162 it becomes an attractor it just pulls the price in and then if it just gets close or even touches it it can now start to say okay are you going to be able to continue to attract me or are you going to repel me and then if it starts to break above it now all of a sudden that line has become a propellant instead of a repellent zone how long can it be that because you have to really get far away for you to be able to dismiss that line as an attractor okay so those are things I'm going to put talking about and we've got the same thing in the S&P I don't want to go to the weekly charges yet maybe a little later in a show I will because I've had a ton of questions I want to get to one one one person who Paul it kept saying to me watching video watching video I watched in video and I said so far and video is acting very well oh I got a problem yet don't do that let me see yeah I've got a problem so remove close no no no I don't need any any troubles today I just get a little bit removed okay here we go so the S&P is right on the 200-period moving average but you see the five bars is actually almost six bars they go closer and closer before it touches it today that is important because that's instead of being a third third rail repellent it's become a very important attraction that means any pullback unless it's so severe that takes the 40 this is the S&P cash 40 70 14-period explanation moving average support out this should be we should be hugging this and going maybe choppy choppy choppy until the Fed speak on Wednesday I think we might even have seen maybe we've seen the high for the next two days maybe even two and a half days I don't know but this is the way I'm looking at it that there's a lot going on here that says money is coming in because it's been forced in but it's a rotational aspect that is so important I'll get to that in a moment just let me show you a couple of things so and that's the S&P look at the QQQ same thing the 200-period moving average back in March April was a repellent at the 373.83 level comes tumbling down as a bounce and that 330.29 level that may hide before it kept going lower to the 269 that's my left side right side price time match and we are a day late in getting to 330.29 the high today is 326.47 so let's see it's got two days to go oh no it's a day early it's still got two days to go and that's using a plum line that's a movable plum line the symmetry of the bars on the left is the bars on the right now this is going to be very important I'm going to go to the gold and I'm going to show you that gold is up nine almost ten dollars at 1800 one of the reasons why we wanted to go long a gold one of the gold positions actually our best gold position we're not in even though it would be up beautifully right now just because circumstances just prevailed that didn't allow me to do what I want to do and anyway but we have a gold position and that's actually starting to do very nicely but most importantly it's only because there's the rectangle formation that's what I'll be teaching always that you've got yourself some symmetry right to that low bar we've got another two two days maybe two two three days to go to get the symmetry to the low with the exact plum line low and that just says basically that what we're looking at here is that gold is okay it's not doing great right now but it's definitely in play because if you look at the dollar the dollar starts to inverse it starts to struggle yeah it's continuing with that guess I'll be back in a moment puzzle chapter doesn't do Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a seven million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors 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 Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all tigers and tiger's for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com toll free at 1-877-927-6648 internationally at 727-873-7618 so as we're back the dollars of 264 is of 33 and just let me finish with that goes to the GDS we are along the GDS the GDS is spending a 27.06 it's in our leg B I've got this beautiful cup formation that's forming I've got the chaplain wave inside which target resistance line I've got a left side right side price time match which says going to the low that was made at 24.38 and the 23rd of July use the techniques that I'll be teaching it should go sometime is it this week what is the end of the week so that's 11th I would say that it's got all week to try to get to the left side high of 27.61 in this left side right side price time match it's like a bar symmetry that we're looking at and if it's able to do that this week all of a sudden it's it negates the rectangle potential because if there's if there's a turn down I'll show you I hope I can find it there's a chart that's just done this beautifully where it looked like it was going to break out instead it went right back into this narrow rectangle formation so that's going to be really important because on any day this week if there's a gold failure and gold pulls back so that the GDS the gold miners pull back below 26 that's going to say you know what it's still not ready it's not breaking down and then the individual gold stocks will do really well but overall it isn't doing what it's supposed to be it needs to be in the 28th by actually looking at this is the first hour of trading not even the first hour of trading in the week I think if you've got all week in which to do it 2865 or higher is really what you want to see in the end in the GDX if you're looking at the silver as I had a very strong move it's not yet in leg C it'll get your leg C the high of 20.510 20.49 yes a 20.50510 that was the high of the 1st of August today's high is 20.49495 so it's really close to starting your leg C and that would say to me that just based on the chart formation that silver in some ways there's this one to one to the downside that had accomplished in the monkey chart in some ways silver's acting a little bit better than the actual chart formation of the GDX not necessarily gold let me just check the gold now actually it's acting even better it's acting better than the gold chart itself so silver in a sense it's just you know it's not as many stocks as gold but it's acting well now I want to do this high grade copper high grade copper is acting well it's not great but it's acting very well from the low that was made of the 3.1 area it's at 3.59 and my contention was a little while back that within the rectangle formation that's trying to form some kind of a lopsided cup that's a long way to go to go to the 3.85 ish area and we'll see what happens but this is good that it's actually moving up and if we can get to three points anyway in the 3.60s by tomorrow actually close in the 3.60s anytime from today that would be a really nice move just on the short-term basis in copper I want to also show you something here the TLT the TLT has pulled back from that peak E with a one-to-one just did a beautiful one-to-one left side right side bar symmetry and it hit the 120 area dropped to the 116s and now it's at 118 up a dollar 6 dollar 80 the weak edge on is slowly improving when you see the way the the mag D the stochastic are rallying and the nine-period hasn't yet crossed positive it says you know just for now I don't see anything other than a trading range for bonds and the one thing I'm missing right now is just to quickly look at Crudo which was sitting on the 200-period moving average for the third day in a row there's a dreaded H pattern it went to a lower low and it's hitting this is going to be the magnet area of the 200-period moving average and the weekly rectangle this is like the inverted H formation right instead of the cup it failed at a peak C instead of getting to a D and I was pulling back these are the patterns look how simple these patterns are to maneuver with and most of the time I'm doing nothing I'm just pointing it out to you I've just got these things sitting there and then I draw in the rectangle and then I just sit and wait because you've done the homework homework says if you're showing borders that aren't being broken then you're in a trading band okay it's just real simple things now a couple of things I want to do the question was so Paul last week was saying seven watch Nvidia watch Nvidia watch Nvidia well the semiconductors are down 2.20 today 241.44 I should mention that for disclosure purposes we've been long the SOXL which is three times long let me just show you that right now so we've been long started positioning at 17 taking a little bit off it actually hit 22 I mean that's a huge percentage gain and we took a little bit off at the open on Friday and then it pulled back and now it's pulled back again with the Nvidia news well wait a minute Nvidia is really how can I put this for years Nvidia was the star of the semiconductors they were just in what was what was needed was what Nvidia could produce and then all of this is I haven't changed the notation this is when it was pre-split so that was 202.76 October in the monthly chart of October 218 in real life that was something like 40 43 dollars so this is this is pre-split these are huge gains and then it took a terrible tumble the weekly monthly chart in fact I really have no choice I have to put a down arrow to say it's in a sell mode in the monthly chart the weekly chart is in a sell mode the daily chart went to a peak C and then it went from 100 around about 140 all the way to 192 ish well that's a huge gain I mean that's 50 that that is a big gain and then today comes out the bad news say the earnings were disappointing etc so what we are looking at here is that Nvidia has pulled back but there are so many others look at this Marvell have I updated it I'm not sure yeah Marvell did a peak C like the semiconductor looks like the semiconductor chart and holding down a dollar 38 today 55.56 when you got bad news like this in one of your leaders in the semiconductors it says there's been a rotation going on something else is happening advanced micro advanced micro devices went to a peak D right above the 200 pd moving average and for six sessions it's been stuck in this range it can't get out of that range it's at 100.67 but it also says wait a minute in this particular phase there are other areas in the semiconductors that have taken the lead I'd like to just look at Intel have a look at that for a little while Intel's acting horribly so Intel's in the area saying whatever is needed in the semiconductor area once again Intel has done the wrong thing it's almost like IBM it's almost like a couple of stocks that just always do the wrong thing so that's Intel right now I wouldn't be surprised if later in the year Intel has a decent rally but it is now so thank you for Paul for that headline that you kept saying and video and video and you're absolutely correct but my contention is that we are we are now looking at that rotation within a sector that's saying oh wait a minute that 200 pd moving average of 244 in the semiconductor a data chart is so strong that it's acting like a like a magnet even bad news which should have just knocked them flat is making them hold well the weekly chart is broken out of the chapter eight inside track repellent zone the down channel and it's holding nicely above it I have to just go with the charts and I'm going with the chart the charts you say you know what semiconductors are still holding pretty well question uh isn't it now important to look at the weekly charts since the datives have done what you wanted yes we'll do that to make it bezel chapter does of 259 sbs of 34 I'll be right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets news subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including godly's 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 $79 a month we are so confident that you're gonna 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 sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from 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 so just i was talking about the gold and the gdx a question the den uh gw says about the look at the wave count in the jnug that's uh jnug is the uh dx this is the gold miners bull so is this two i think it's two times long uh bull yeah i think it's two times no it's uh dx is junior doesn't give you a number usually they give you a number so that yes that isn't leg d and if you do a left side right side price time that you couldn't do one to the exact low well i guess you could but it would miss visually i do both visually and technically and that just said from the left side low of the bar and this is what i'm going to be teaching how can you how do you just if you don't have the ability to draw a cup it doesn't matter i mean i do it because it's it's their trade station has it some some platforms don't have it they have everything else but they don't have a semicircle there's actually a quaro this is the quarter of a semicircle a quarter circle so what i do you could do this you could go straight line down it's it and in your mind you're saying this should be a cup it doesn't matter and then you do your right side well the right side goes from the the the bar that i chose and i have a specific way for subscribers that they've learned this particular pattern and people have done my webinars what candle to choose for your chat wave inside wedge target resistance line i usually make it green dash but this i'm making it gray so that you can actually see it then that tells you that it would have been to that bar right there on the 2nd of august at 3749 well we went to the left side high i chose this particular candle and i'll also teach you what which candles to use on the left side if there are no peaks or troughs how can you choose a candle so i chose this particular one with a high of 38 64 so it was a tad under it but it also meant that the cup formation had moved the the plumb line very simple it should have been at the low with a dodgy candle low well it it looked lopsided as if it was going to be very difficult to do so then there's another candle that you can use and i teach which one to use so that you can tell and that says it should go there's a target a rising target to the 3950s but we're not close to it you know i'm getting close to it right now but most importantly is in time the candle that i chose is the plum line we've got there today and we are a little bit higher now we're starting to tackle the next candle which is the candle of the 28th of june in the j-nug which is at 41.06 okay now let's just do a couple of things um uh yes love the inside wedge track that that's very it's a really helpful trend line if you're able to get it uh in the den labua teenager labu but that's also the ibb right the ibb i like that i mentioned it this morning that it's acting really well we aren't in it i didn't want to get into it uh but we've been in other positions i'll talk about that in a moment there's no other way that i can talk to you about my webinar without talking about positions i don't like to do that because i this is the only i'm not superstitious but the only thing i have is this hubris that that the market elves are just waiting there for you to show a little bit of egotism and they just sit there waiting and then they wag their fingers they don't do it and you do it and the moment you take your hands off to to pat yourself on the back you hit the tree so i'm always a little afraid to do that but there's no other way that i can't show you uh the success we've had based on the chivalry methodology so i had drawn in all these patterns but we just didn't get it because we've had other positions but look at this beautiful dreaded age pattern that was successful then it became a cup formation which was successful we did start along at 123 back in july uh it's trading now at 132 but we got taken out for it just a sudden pullback and then it did everything we wanted it to do and there's another little age pattern with a cup formation and now it's broken out and the longer the bigger trend says 135 57 the high around about the beginning of april end of uh march uh that's the target here and we're at 133 14 and it's got another three or four days to go based on this particular pattern left side right side bar symmetry okay i hope that helps you next question i had was uh the week i i'm going to get to the week in a moment okay so let me oh man i have to do this because i've got a webinar coming up people need to know is there a success rate i mean what are you what are you doing how why would we even want to take it if we have anybody could say how do you how do you listen how do you that what have you done for me lately so the diamonds we've been along the diamond since the day of the low we've had them we've taken profits we got back in a whole bunch of things that we constantly been long and now we're still long and it's gone from our entry point diamonds that's the downtime we still have the core position from the low of 23rd of march 2020 taking on great profits of that but still kept the chunk now on the shorter term we've got a new position and the new position is uh at 306.98 and here we are at 330.37 beautiful beautiful again and we're now at e this is where we're getting we've taken two little bits off this is where we're getting a little bit cautious i haven't taken anything off today but this is saying to me the choppiness that i'm anticipating for this week despite the the new bill that just gave money out and the and the market loves that idea at least in initially this is leg e this is where we're getting a little bit cautious so we're long the next thing is we're long all right i have to talk about gqq three three times long the qqq one of the reasons is my my analysis was that in this particular phase we had the arqq arkk that was kathy wood her uh innovation fund for in the 37th degree really nice profits in that but i didn't know when to get back in and i thought that the best thing is to be a more general with the cues because there are so many stocks in the qqq ndx 100 that are just so over oversold that they have upside action so we've been in that it's gone to a leg e we're in in two positions one is at um a split start at 2750 back in the 18th of july and then another one uh a second and we've taken little bits of little bits of all the way um we did the same thing on friday at the open so we've had up to really huge gains in in that 30 percent we've got a 40 percent gain in in the other position that was started at 25.84 and here we are at 36.48 this is a three times long position i am now in the position where i'm going to i'm saying to subscribers whoa wait a minute we want the a really sharp pullback because we want to get into the core qqq and the core semiconductor estimators because the risk now for the percentage on any pullback where the premium gets taken out now you're going to start to see that at least i'm anticipating this week you start to see that so fabulous fabulous gains next thing we've got is bank of america bank of america we have every year and we try to ride it all the way up and then we get out of it all the way down and uh and we've been out of it for the longest position it hit 50.11 we were in the 30 something area and now a 31 i think it was and now we've got back in and we're in at a 30 where did i write that good grief oh we are in back of america we're along 32.61 on the 19th of july and it's at 33.72 it's acting okay this is really not acting well it's acting just okay same with the xlf i don't mention the xlf lately because i think that's lagging and i'm a little concerned about that i don't ignore laggers cf is one that we got into we got into we've lost two points just because it it just pulled back to our stop and then we got back in in the 95 area and today it hit our target of 102 our target has been 101.71 um that was the left side high back in 30 june we've got to that today we hit leg d that was what we wanted at 102.39 okay i'll be back basal chaplain tagging this out that was a football this coming wednesday august 10th basal chaplain will be hosting an all-day live webinar from 9 a.m till 2 p.m eastern time while he'll be presenting the technical tools based on the chaplain wave methodology a full in-depth course on his entire trading system over the five hours of live education basal will discuss studying and practicing entry and exit points assessing where to add or subtract from positions utilizing simple technical tools for holding positions longer taking bear charts and adding notations tools and patterns as well as identifying three core formations that repeat in every time frame and much more when you sign up you get a chart booklet emailed to you immediately to start studying and you gain access to his daily newsletter the opening call a $149 value the cost to attend is only $295 and the full five hours will be archived don't miss this live special event wednesday august 10th with basal chaplain for all the details and to get started today visit the front page of tfnn.com right now the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information kaver white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only $37 and 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily smp biotech three times bull and bear etfs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz hey folks we're back so let me just say cf industries holdings ink hydrogen nitrogen products clean energy fertilizer emissions of pigment it fits all the criteria of this particular moment but it's still a chart pattern we're looking at so it went to d it went to d look at this exact plumb line there's a technique that i teach from the left side number of bars it's an exact number of bars to the right side if you choose the bar that i chose as the plum line low even though it made a dreaded h and went to a low slightly lower on the 14th of july at 79 18 i still drew this in for many reasons and then i drew a left side i drew the chapwave inside wedges someone in the den said what do they say they said uh love the inside wedge track very helpful trend line yes so that went to the it's active that's particular trend line is a day late but not the left side right side price time as today was the day that it should have made d and i did it and i said to subscribers some opening call i said uh number four is cf training at 100 once with lots of director and then it says needs 102.22 for a new leg d we've got that leg d where did he come in and in a leg a in the weekly chart but right in the chapwave i usually i change the colors here but this wasn't important because we were under it now it's very important because we hit it so i changed this and i just make it you don't have to have these colors i do the colors so that you can see it very nicely and this says within the context of a cup formation or chapwave falling acts lower highs and much lower lows and then it forms a base that's a technique that i teach you can see a rally towards the trend line and how it breaks that trend line if it does it's going to be really important so it's met the first criteria now we have to do an analysis to see what's the next set of criteria that we have for cf industry we've had dba i'm not going to spend too much time with this dba is the db agricultural fund since the 13s at least for two years it's hit the 23 23 level we've taken quite a lot off we've got the core position and i'm just wondering do we still keep it this is the fertilized this is good i mean this has got the agricultural stocks we eat corn uh soybean sugar and it's a stalling here and is it a stalling to break out to a new rally well it's stuck in a rectangle formation i don't have to make decisions on it now either we're going to get out or we'll add we'll see i don't have to do anything right now um we've got as i said the gdx we just started position the gdx it's acting nicely it's done quite well but only quite well it's nothing great at this particular point and then in the den we had gdxj gdxj yes uh gdxj one of our denners uh it was talking about that just the other day saying hey that's way stronger than the gdx and lo and behold this has gone to a leg e it's way ahead in the notation and in the price that's the juniors so congratulations to our den our den denner who chose this and look at this left side cup formation and i will be talking about this in my webinar what we should do is it is it is it a tradable position what should we do is it showing us that the juniors are actually leading at that the others might have to follow just a bunch of things so that's the gdxj we are along the gdx iai we missed our entry point to get into it because i said we've got to have i had a whole list of what we wanted on the big major selloff that was unfolding why we went along all these different positions because i wanted to have a mix of certain uh sectors we missed the entry on the iai by 30 cents or something and then it just took off without us we do have it from 45 back in the 24th of march 2020 but that's a history of the dam for those people who never got in and here it is at 94.88 and touching the 200 period just about to touch the leg c touching the 200 period moving out this is important the ice has broken dealer's security etf so i'm kind of kind of stuck because of what we want to do there we are along nfe nfe is what i always have to say what because i have to actually always remember what the name is i remember the symbol very well obviously because we are long but i just the name it was new to me new fortress energy ink asias natural gas fuel solutions why because i like what's going on in the natural gas area there's a beautiful cup formation in the weekly uh we got long at uh what did we get long at uh we got long at 45 51 26 of july yet it is at 51 52 a really nice gain and it's not the gains it's just that i wanted to be in the right sectors and i think you know in a way we've we've picked up with the sectors that are working i said i don't want sectors that could be good and then we sit there waiting i want sectors that are working that are going to make us money as quickly as possible it did a left side right right side price time match in the first part of the cup formation to that pb perfectly then it took its time and now it's stalling but i've got a chamois inside which target resistance line that says by the 11th of august the 52 76 level should be hit 52 37 was the height back in july the 7th and uh june the 7th and then plummeted down to 36 i mean that's a huge decline and now it's made a beautiful cup formation back again so yes we are long from the 45 51 area and um yeah it is doing very nicely it's up six points i said that's a very nice game but it's also that it's the right area natural get at least at this particular time um then of course we did i told you about the semiconductors uh smh's and we belong via the soxl and i think this is going to be under pressure right now because that two and a period moving average is becoming a bit of a repellent but we have taken some profits we might have to just do that again and re-enter maybe i'll get that opportunity if i'm still very keen on getting to the semiconductors getting the smh rather than two times or three times long just to get in something standard and give it a little bit of room um let's see and a position we wanted today i did a bunch of things on on my overview in fact you don't just get my newsletter and you don't get the webinars or the previous webinars what 9 10 11 of them that go through all these different patterns but i've refined it for this particular one to very very specific things to make it just as easy as possible to do in the environment we're in i always like to do a webinar that says one of the chart patterns that we're going to be looking at for the next two three months because that's what you want to be looking at you know we're looking at something that either is going down with the markets going up or going up when the market's down but if it starts to get choppy which i think we're going to get into um that's going to be important so the the i'll get to that question in a minute uh let's see uh your courts no i don't need my my tennis schedule right now uh a chart never lies and video and video this stock has been manhandled by wall street inside it you know paul you're 100 correct i'm absolutely not going to argue with you but it's also what happens next because how does it handle i just from my eye the video is still it's not one we even wanted to have it done the cup pattern beautifully here it it failed to get to the left side high of 196 or five i think it was and now it's pulling back sharply yeah this is not one of those to you i i do agree with you but that doesn't mean to say the whole semiconductor sector has to do that so let me show you some things in my newsletter i have a screamer section where every once in a while we get a price a stock that's in the in the single digits and on on on my webinar not my webinar my video every weekend i do about a 45 minute to an hour long video with the different charts what we're looking at all the stuff that i'm talking about now this is kind of what we do and i had a as a potential but it has already made a beautiful left side right side price time that so i said you know what let's just leave that for now chs which is chicos women's fashion ah that was the one that just saw today i said this looks good i'm not sure why but it's in c and a screen gets up six days seven percent today and the one we missed was nkl are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with david white's powerful trading newsletter david white is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance define the ranges in which stocks trade by understanding these trading ranges david white is able to find a path of least resistance david white's trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to david white's ultimate trading newsletter for 119 dollars a month and try all of our newsletters risk-free with our 30-day money back guarantee take the path of least resistance at tfnn educating investors 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 trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com 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 oh yeah oh yeah i can do it folks we're back and we're looking at so a question came into the den about xbi which is the s and p biotech fund you remember i said the ibb is the one that i like the xbi is the s and p biotech fund they're actually a little bit different i think this one also has some of the pharmaceuticals so i did the notation here maybe i can go into tomorrow but look the chapter we've inside wedge target resistance and you see this line right here look what happens the reason why i always admire the the tenacity of these trend lines is when i used to hand chart and then i forget about something and all of a sudden i look at the chart and suddenly that the trend line that i've drew in ages ago is now becoming important look at this if i extend this to the right uh based on oh come on come extend to the right look at that it went almost this is the trend line you saw just a moment ago look at that trend line that started way back in may look at that trend line how it's all we were wearing pennies of leg d so that's an important thing it's acting well so a couple of things that i wanted to do don't forget folks we've got steve rhodes coming up for a he's joke in the next hour and then we've got um we've got uh then then then there's think of swim then you've got larry doing steve's show and then you've got dave why uh dave white and tom have i got that right yes larry uh dave white and then tom finishes up and don't forget i've got my webinar coming up this week from uh was right it's coming to wednesday so let's keep that in mind and the other question i had the reason why i got a little confused there is we've got we have a caller oh we have a caller jeff jeff oh what's your question is that for me uh jeff and fully question about shorting iron yeah i don't know where you're oh iron condors i can't do that right now i guess that's not a question so folks uh you've got i'll do the news hour right now and then you've got steve rhodes coming up uh basil chap and signing off check out my opening call uh