 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. Tiger Technician Hour. And we're looking at the Dow Down 72 at 27,038. The low today is 27,017. Yesterday it went underneath 27,000. And you can see on this left side chart here, it's a daily, weekly in the middle, monthly on the right, that there's a cup formation and a little handle. Now, in the Chapman Wave methodology, if there is a spike, a really sharp spike, before hitting the previous high of 27,398 on the July the 16th, if there is a power move that goes right through it and then holds decisively above that level, not the high of 27,307 from five days ago, because we've been in that consolidation we've been talking about now for well over a week. Last Tuesday, Wednesday, I think it was, that I said, I think we can bump into a lot of resistance. And on Thursday in particular, I said, this is going to be a very important session. Maybe we're making some kind of a shorter term top. So now we've been going down for about four sessions so far. Days young, it could be a very strong update at the end of the day today after the Fed speak. But this is what I'm looking at. Within the context of patterns, this particular pattern suggests that there needs to be a close probably three out of four sessions above 27,306, but at least two sessions above 27,398 to say, hey, the MACD and SCACAC in the weekly chart are just okay, but now they're very strong. And now you've got to talk from the move from the 25,000 G39 load that was made, that was September, I'm sorry, that was August the 16th. And that's a move that can now take you from a V-shaped pattern to a higher high on the right side, and that really raises the support level. It also starts leg D above 27,378. That starts leg D in the monthly. That's going to be really important. And if it can go into the 27,550s, it treats this whole area of the Chapman Wave inside track rising support level. It was resistance level. It would become a support level. At this particular point, it is a massive resistance repellent zone. So I don't know what the Fed's going to do because look at this. If you look at the TLT, Skyrock is from the 134 area to 148, I'd say 14 points and 10% moving bonds is quite spectacular. And then pulls back very sharply to the 136 level. A 12-point decline is also pretty spectacular. You don't see that very often. Not in this shorter time. So it says to me that there's going to be, probably there's going to be some confusion as to what the Fed really wants to do. You've got that within the Fed itself. You've got some people talking aggressively to lower rates. Some people say, no, no, no, we don't see any reason. The housing market is doing quite nicely here. There are a lot of some good earnings reports. Federal Express' earnings report last night really was something to do with trade. It has to do with a lot of other things. If you look at the IYT, let me just do this for a moment. The IYT, which is the Transportation Index, way off the all-time high of 209 back in 2018, in September. It did plummet down to the 174 area. And it's rallying really strongly 25 points to the 199 high that was just made. Now, I might have to change this. This might become a G slash B in the alternate-champion wave count and not a B by itself if there are, look, the stochastic's already gone well above 80% to 96%. Let me just give you the exact figure. The stochastic went to, yeah, 96.54. That is huge. And then within a couple of sessions goes under 80% to 77%. Part of that has to be because of the FDX. If you look at the XAL, which is the airline index. This is the ARCA airline index. It's down 72 cents to 80, 98.56. It is way off its highs, most recent highs back in 2018 in the 124 area. So there's a real mixed market here. And I think that's going to be reflected by the Fed this afternoon. And that's the reason why within the Chapman Wave methodology, within the opening call, my daily newsletter, that's the reason why we took profits in that read that we had at CCI, Crown Cork, had a spectacular move, at least for us. It was really quick. Went from 135. Let me just do this right now. It went from the 135s where we went along and we took a little off at 145 and a quarter then 148.21 and all out at about 138. We just out because this had a spectacular move and this IYR was really telling us CCI, which is part of the IYR, the REITs index, is saying watch closely because the IYR itself is held quite nicely. So putting in that, this is a package where you can get capital gain and dividends. But if you're looking at just rates, that move from 148.90 down to the 130, I should have put that in there, 136.54 low that was made four sessions ago, 136.1, I can't even remember what it said. It's called a 34. All right, I have to check it out. A little too quick there and my threes don't always work on this keyboard. 136.54. 136.54, I like that. It's got 13456. It's missing the two. All right, so balancing to 140, three and a half points in a couple of days, that's okay. I think there's a little problem here and that says to me that unless the TLT starts to rally back now, I think later at some point it could because of that weekly, the monthly peak C that's been probably made this month, unless there is a rally into the 144.30 or higher area in the TLT, I think rates are stuck in this kind of moving up gently, quickly in the short term, but not if you're looking at it over a period of time. This is really TNX.X, the tenure. Look at this. They're going from 1.429, 1429 to the high of 118. No, 19.03. Hey, that is a huge move, but if you're looking at it from 32.48 in October of last year, 3.248 to the lower of 14, this is just a little bump. A mere bump in the road. So I think it needs to digest the TLT bonds, need to digest the huge gains that they've made, always goes excessively to one way and the accessibility, I'd say about a 20 to 30% accessibility factor here. And if you take it not from the rally that started in bonds at about 151, but if you take it down from the 143, 42 area, where it really started back in March, this is, you can expect that time is going to be used up. Okay, just quickly, I want you to show your crew to all give them back a chunk of the gains that were made on Monday morning, Tuesday, Wednesday, we were already back down to 58 after 18 to 63. 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Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of 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 are on the front page of TFNN.com. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Hi, folks. So we're going to expect going into the next hour. We've got an hour and a half to go before Fed speak. I don't know if there's a conference or anything going on, whatever it is. They're going to do what they have to do. And I think that probably they're going to say something like that. They're going to lower the rate right now. But we might have to wait for the next lowering. Something like that because there's really a mixed picture for them for what we know that they look at. There's a mixed picture. That's one part of it. The other part of it is that you had this disruption with crude oil. We don't quite know how it's going to resolve itself. It might not be that easy. We might just be seeing this reflex action and then all of a sudden there's a slow rise in crude oil going to the 60 level and then 61 and a half, maybe 62 and a half. And all of a sudden if you break to a new high above the high of 63, 14 in the continuous contract any time in the next week that could be a problem. That could be a problem. So, and the VIX index right now, you see, I've got a number of mixed messages here as well. The VIX index is rounding is up 77 cents at 15.21. It's in a level. It's in an area I'd say it's going to subscribe to my opening call. I always put the TVIX just to give a... We don't very often at all use it as an instrument to trade occasionally, but I use it as more as a guide as I do. I have about 15 to 16 or 17 bullet points every single day. Some things I look at for that. We're always talking about the diamonds, what the ranges are, the QQQ, what the ranges are, the TLT, what the ranges are, the G... the gold contract. I actually use the GLD, the GDX, I'm sorry, GDX as a kind of a proxy and I give parameters. So, here is a really detailed report I give every day and spend a lot of time on this. And it's not automated that I can just press a button and all works. Why? Because in the Chatterweight Methodology, I think a lot of people have now found that if you automate it, you get too many alternative counts and then you can skip some really important modifications that I've made over the many years that I've been doing this. Very subtle, but subtle enough to be really important. For instance, I was asked about CTAS. Dave wants to know about... I can't remember now exactly what the... Well, where would be a good entry point? Let me see if I can find these... Oh boy, I should have just remembered what time it was. All right, I'm not looking... I'm not finding it right now. I will find it so because I'd like to get it exact. But the question was where would a good entry point be on CTAS? Well, CTAS is Sintas Corporation, Overalls, Uniforms and Rentals. This is the reason why I'm a little cautious here. In fact, I've got a feeling that instead of breaking out to the upside, we don't have to smash to the downside, but we could start to see a rotational correction occurring. It's already underway. There are some stocks, even in the down, there are some stocks that are doing fantastic, some stocks that are really doing terribly. So I'm looking at this. I'm just about to put a down arrow in the weekly chart of Sintas. I'm already in a cell mode in the daily. So I'm going to say, Dave, first of all, I don't think Sintas, unless something spectacular happens this afternoon, CTS trading at $248.32, down to $1.63, that is just too big a move, $270.36 on the 20th of August, pulls back to the 255 level, then rallies back in a V-shaped pattern to $270.24, $0.12 from the previous high, if it made one penny higher, I would have had to call that an alternate count D. And then, look at the MACD, the Moving Average Convergence, how negative it is. Look at the stochastics, the stochastics down to 13%. And look what happened in the weekly chart for the first time. And look at this chart, please, folks. I know that the theme has been this market is just not going down because the Fed is there and they're going to be backing it up and I'm just looking and I'm saying, look, there are areas, we are still long, we have really nice positions, but they're all in Ds. One has to still make a D. It hasn't made this D yet in the daily. We always look in the chart for the fourth high speak to go to a leg D and then a peak D. But look at the MACD, crossing positive in Sintas, way back, early 2000, February or so, then it crosses positive and it hasn't turned negative until right now. Now, that's just one tool in the chart of technology. But there's another tool that's saying, we are really close to getting a down arrow and that's the price closing this Friday underneath this 14-period moving average, which we're at 248.38, but that is at 250.07. A close below that will say, not only do you have a sell signal, but there's a real good chance that you can immediately upgrade Sintas. This is overall rentals to a weekly sell mode. It doesn't say it's just this is a description. It does. Oh my God. Sell mode means that it's going to go from 240, from 240 down to the 200. No, it says the trend has changed to down the nomenclature, what is called because of the deepness of the slide and because of the technicals failing and because it's closing under the key technicals upgrades that to a sell mode. This is really important. I could overlay. Let me see if I could do that. What did I do last night? I hadn't overlaid right here. Let me see if this I've got what did I use? I used I've got the Dow. I've got Home Depot and I've got Sintas. Okay, I did this last night. I did so much work. I know I sometimes don't even remember the charts or what they are, but I just remember the impact that it made. Look at this. Here's the Dow in black. This is a monthly chart. Look how often these guys, Home Depot and Sintas gave you that confirmation of that buy signal. Look at the low of 2000. I remember we went along the Dow the day of the low 2006 through the diamonds. We got them at 56, 56 or something like that. And look at this. This low here in the Dow back in October of 2002 well that coincided exactly with Sintas's low except it went to a lower low when the Dow had a divergence by not going to a lower low. I think the semiconductors were like this and the S&P did make a lower low in March of 2003. Wait a minute. Home Depot also coincided with its low back in February of 2000 and 13. And then they gave this fabulous buy signal except both of them start to fail a little earlier than the Dow and then they made their lows later on with the Dow in March of 2009. But wait a minute. Let's find other places. These lows coincide but wait do the tops coincide? Well the Home Depot topped back in December of 2009. It was January but I think it was January the 14th of the Dow made its high. 10,700 and yeah 10,700 one-ish. And then Sintas had already made its high back in January of 2019 a year earlier and plummeted and then actually had a counter turn rally before turning down. So you think you found the golden rule. You found what's a Jason's magic fleece. Turns out it was just something but not everything. Look at the low that was made right here back in August of 2015. Dow makes its low Home Depot makes the low and Sintas makes a low. So you can't go inside beautifully for lows and sometimes even for tops as far as Home Depot is concerned. Since 1984 Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion and traditionally hand drawing charts from the late 1970s into the 1980s. Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Basil 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 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 Basil's Daily Trading newsletter by visiting the front page of TFNN.com. Cancel it any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. The path of least resistance is David 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 all pertinent market information with intraday afternoon updates when warranted. Don't miss out on any of the recommendations with no obligation to pay anything. 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For more information just click the think or swim banner on the front page of TFNN.com I'm on my way back so we're looking at Cintas Ctas down to $52 at $248.43 I did find it Dave said good morning Basil I was looking for an entry point for Cintas thank you Dave PS the gold and silver exchange down the road closed in his now a Dickies Barbecue so he probably said maybe three years ago yeah I think maybe three years ago I said when the gold and silver exchange that opened up here in Newton just fairly near me if I start to see signs that it says going out of business that's going to say to me they're done for the gold and silver and maybe that that'll be the first time that we start to see gold and silver really start to move on but I think he's done very well I think this guy stay I've never spoken to him but he's there and he's seemed to be staying in business and my suspicion is that because of the the profit that he makes from getting the gold and silver jewelry that's really part of his business I don't know I'm just guessing but he survived that terrible four years I mean it was really a four five years old you'll hear more about tonight when Tom does his workshop should be a very good webinar of course so my thinking is yes this is this is interesting because this guy just couldn't survive until this last big run up in gold and that's kind of tough so I feel sorry for him but I'm looking at these things I always look at different things as clues but so for the guy down the street he's done fine it looks like you're still in business so okay so since I had a quick email that came in and said why didn't you short Sintas why because this big first of all Sintas I'm not getting I I haven't been getting these signals yet in the overall market so I like to get everything together remember we did get the top last year I talked about talked about and we got the top that we've managed to short the top in the Dow so I'm looking at this and I'm saying is this an aberration is this a is this a rotational correction within the area so last time what I did is I quickly grabbed a Marriott didn't grab Marriott itself grabbed the chart of Marriott and yeah Marriott made an all-time high of 149 married international hotels and then cascaded to November December lows in the 101 area ratted very sharply to 144s and now having gone back to 124 big these are big moves is now trading down it's really struggling it's at 129 it's not breaking down but I'm watching it closely because this is what I'm thinking here is that we get a rotational recession we've seen this before the whole oil service industry oil and oil service had this huge slowdown so that was a rotational correction that's a recession in a particular industry if you look at the if you look at Hilton no this is not Hilton this is Hyatt Hyatt also made a major high back in 2018 in the 84-85 area slumped to 64 that's a 20 or 30% pullback ratted sharply to the last high of 81 in the 81s goes back down to 71 and now it's trading at 75 so I am watching and I think that what we are looking at what I am looking at is that there's a chance that we're looking at this rotational correction we'll see it in areas like whoever needs to have overalls and uniforms like the hotel industry resort industry okay so back to Sintas I'm saying don't buy I will know a little later today whether this is going to go much lower or not certainly by Friday weekly close if it closes really poorly I think that we're going to be in for a little tough time here so I'm looking at this as if to say I think we're somewhat overbought especially yesterday Monday's buying and Tuesday's buying when market should have been down 350 points in the Dow based on the oil news and everyone said oh this is do some buying so I think the way I'm looking at the charts is I continue to see limited upside not that they can't be and as yet I don't see a crash in the downside but I do see some sideways action with lower highs and lower lows as a good possibility with oh I didn't talk about this let me just do it now INDU look the Dow had this spectacular move in the let me go through this right here in the monthly chart it went from the December low yeah I didn't need the whole thing I just needed this it went from the December low of 21,712 to the high of three 27,398 but on the way it stopped and it stopped dead and then reversed down and went down to the June the June 3rd low that was an inch a month correction the whole thing was just one one month of making almost an almost a new all-time high and then right down to the 14 period moving average below it in fact and and I think that this could be either a smaller rally a smaller decline or a much bigger decline my bias right now is to think smaller decline and therefore now I have to look at stocks a little differently because yes we did have a buy signal today in a particular stock I have a rule of thumb 136 you can see that in these big rallies the big sharp moves up that if you can go one bar or three bars and make a new high after a peak that's really positive when you start to go more than three you get to that six rule and once you get to six it really takes a lot of energy for a market to rally even to another higher peak than it just made on the left side so this is going to be very important what happens now certainly going into the two o'clock time remember I wouldn't be surprised if there's a bit of a Dow rally I did say to subscribers I'm going to give you an update I don't like giving intraday updates because I've almost always found there was one time where we timed perfectly we bought the DXD two times shorter Dow right at the best price because of the Fed and I gave an update it all worked out every other time and this goes back years every other time I could have got an even better position the following day so I'm giving an update to subscribers I'm not sure yet whether I'll have a trade we've got our long positions most of them are in the Ds or maybe even ease in the daily they're ready for a pullback I don't want to get out of something that is just making a pullback in the day even the week is still very strong so I have to think this through very carefully so going back to Sintas I'm saying I would not put a trade on right now even if it balances I think it's going to do have to do more digesting so for me Sintas is a no go right at this moment I might change my mind this afternoon or this evening but at this particular point I just don't see it as a play on the upside other than a bounce I think it's going to have to do quite a bit more testing because of the negatives that I see in both the daily and the week in the month is still very strong next question I had is okay there's a question what if there's a spectacular rally today and by Friday we're making new highs we'll deal with that we're in the long position I don't mind that the difficulty here is how do we play it if we need to be looking at a digestive phase going to lower lows and lower highs that's going to be the issue so as I said 135 we used that particular technique to buy this morning we bought almost at the low of this particular stock we've been patiently waiting for and now it's up very sharply from our technically from the low of the day it's at the high of the day I don't know if it's going to make that leg D I just don't know everything about I love the stock the daily was making me nervous 135 136 pattern it better get going quickly because within six days it's going to make that new leg D we'll see what happens but we've got a very tight stock so we'll handle the trade okay question let's just go through this very quickly DXY the target first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from $30,000 to $75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the target first mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the target first mortgage program you can call me at 877-518-9190 that's 877-518-9190 Tom O'Brien will be hosting a special 60 minute live webinar Wednesday night for Gold Report subscribers titled the next leg up in gold is $1,794 find out why in this 60 minute webinar Tom will be discussing how the bond market moves the gold market where the gold demand trends are coming from how gold outperforms fiat currencies over time how gold trades an average of $110 billion a day in value along with many more topics subscribers to the Gold Report just closed out three positions in the last week for profits of 28% 35% and 51% now is a great time to sign up for the Gold Report you don't want to miss out on the next big run in gold and gold equities sign up now for the Gold Report by visiting the front page of TFNN.com and get ready for Wednesday's live webinar with Tom O'Brien new subscribers get a 30 day money back guarantee so you have nothing to risk sign up today are China A shares hot or not if you trade China A shares now may be time to take a closer look trade CHAU or CHAD Directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit Direction Investments.com today an investor should consider the investment objectives, risks, charges and expenses of the Direction shares carefully before investing the 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turn up the MACD is not so good and it's underneath the nine the 14 grid moving averages I still we still long the dollar from April of last year but I'm just saying I think the dollar needed technically to have a little bit more digestion I love these U-shaped patterns remember I talk about it all the time in the chapter methodology U-shaped patterns or arch formations as straight line that's all we have straight line up and down cup formations or arch formations so there's a big arch formation in the weekly chart holding very nicely in the weekly chart so that's the dollar parameter just to be watching because the EURUSD the EURUSD currency pair it's a stock monthly chart now it's a green can a great set plenty of green cans but it is in leg each of the downside stochastic stuck at 10% MACD is very negative it needs price movement to actually help everything but you've got price movement in the MACD and stochastic of the EURUSD currency pair it's trading 1.106 down .008 but this is very important it has net the price movement therefore if EURUSD suddenly starts to power above 1.1109 that was the high of the 13th that's going to start to exceed that's going to be that's going to be a good move and that's going to help the weekly chart that's what it needs if it drops and it goes under 1.10 1.103 not good USDJPY the yen USDJPY the USDJPY is the EURUSD is the yen USDJPY currency yep it finally made that D remember that's what we were looking at there it is LEGD in the chapter with methodology the last peak D back in 108 saw the slump to the downside to the 104s and now we've got now we've got another D and it's underneath the D underneath the previous high underneath the 200 period orange 200 period exponential moving average of 1998 LEG strong leg A but it's had 1, 2, 3, 3 higher legs to the ups sorry higher highs to increase this leg A single leg A in the weekly so it's kind of ready for a bit of a pullback but the magnet stochastic are still very good to the 107 40 is going to be absolutely key support over the next three days if it pulls back but wow if it even touches 108.66 50 cents up from here the 108 98 200 period moving average becomes a magnet it could even have a recycle instant restart it's going to be very important I was asked about the GDX the GDX is holding OK it's down to seven cents had a fantastic move the last move was from 2604 to 30.96 four points in such a short move in the gold this is called the sector's gold miners the miners so this is a leg eight to the upside in the daily gray A because it's under the previous heights even under the previous little peak on the left side at about 28.60 so this is going to be important because the stochastic did turn around nicely you did get price movement the magnet is flat it's really struggling so the magnet is not a big help and I think it's going to be a bit of a drag even if there's a lot of competition the weekly did go to a down arrow with a 30.96 the decline from the week of the 6th of September the magnet hasn't turned negative of the stochastic down to 73% I think that if you look at gold I still believe that gold is stuck at least for now in a digestive phase off the spectacular move because down in the market Monday and Tuesday with crude oil you can see the same kind of response here in gold gold is up 3.6 if this was really a harrowing international situation we would be looking at gold either a new recovery high about 1566 or at least in the 1540s so far and he's young anything that happened by I think they're going to be aggressive to lower rates and I don't think they want to be aggressive to raise rates to talk about that they want to be just kind of do what needs to be done right now and then talk their book and their book says I think we need to wait a little bit longer before we get aggressive to any any other sides I think that's kind of what it is in a way that's what the market is anticipating by its mixed reaction here by now this is really unusual to see the market the Dow down 68 and the S&P down at almost nine points with no rally into an unchanged level just before the Fed speak now if the Fed says something and it's spectacularly bullish they won't even be a room for the stores to cover because it's just going to be such a quick move and then we'll have to wait until Thursday when we get up or is this it? Is this going to be breakout activity? My thinking here is that whatever happens next week we kind of back Dow testing the 26,000 in the Dow S&P is under the 3,000 level that's kind of my thinking right now all I can say is that that's the way we're looking at it now one thing that I want to look at is all the questions that came in wait let me see if there are more questions coming in yeah okay a bunch more Paul says you have covered all your bases you couldn't possibly be wrong I don't know what you're saying be aware housing starts at 12 you have this way of talking even if it's just in conversation it comes out angry it comes out accusative I have my subscribers are not complaining we've had really good gains we've managed the market really well yes I missed the last low but we were long only thing we didn't get is the Dow but we've had other positions that have had 10 to 20% gains we've made yes we've had 1% to 2% losses I don't know what you're doing so I'll just treat it as if this is not capitals you have covered all your bases you couldn't possibly be wrong I don't have to be wrong I just want to be right okay so I'm doing my very best to keep my subscribers in the right position okay now let me explain what I'm looking at I'm going to give an update even though I don't really want to after Fed speak and what it might be something else but I've stated very clearly the parameters that we are looking at I smoke about the gold for weeks I've been saying stuck in a trading range after breaking out it'll come back into the range did it do it yes or no yes I spoke about crude oil crude oil stuck in the range did it break out through a news event should it come back into the range it is now it's down to $1.40 it is getting back into the range I spoke about the Dow oops I spoke about the Dow oh there's a break I can actually hear the music having an arch formation that could go to a lowercase H&M if it breaks out it can go higher did it go higher yes did I say there was resistance in the 27,300 yes is there resistance yes the best of the best in everything you do in life it's the most common trade 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 Rhodes 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 30 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 has transformed me into one of the best in 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 a look if you haven't checked out the newsletters page 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unchanged so that says to me a little bit of worry out there and the Fed is really going to have to produce something spectacular I'm suspicious of what's going on I see a couple of things that are saying to me remember I I don't have time to do this I've done it almost every day I've shown you my Chapman Wave automated resistance levels just above and almost every single instrument IWDMS got a little way to go and it's actually only at PXC so there's room to move really and it's almost and remember you've got to make your own trades we just try to give us the best advice we can but most importantly there are areas that are working and I keep trying to emphasize that for instance we've got a stock today right at the low and it's up really nicely will it stay up I don't know but we just had to go for it because everything about it was acting very well except I've got the one three six rule and it's so far into the three rule so we'll see what happens okay let's just do this real quickly when the Fed comes out if the IC to subscribe if the Dow at three o'clock is over plus 65 that'll give you at least a good close it has to go all the way through three o'clock that is has to rally and be over 65 points higher the S&P probably about up eight points that'll be good if it's down minus 65 or more that's really not good news on the shorter term and I'm suspect suspicions on what we've got here because I see so much resistance the downside I haven't got automated Chapman wave support levels but at this point it really there are stocks that have held really well and are still technically really good so to break down I think it's a process and it might even take until Monday or Tuesday before we really get that slice right under the 14 period moving average or it's going to be a spectacular move this time tomorrow I'm saying what a beautiful day we'll see what happens have a wonderful day and for subscribers of 230 about 230 or so I'll give an update I'm not sure we'll do anything we'll see what happens have a wonderful day Steve comes up next then Tom O'Brien don't forget I didn't say white don't forget Tom O'Brien and Tom O'Brien wherever not tonight have a wonderful day see you tomorrow