 The following is a presentation of T F N N. The Tiger Technician hour with your host, Basil Chapman. Call now toll free at 1877-927-6648 internationally at 727-445-1044. Now, Basil Chapman. Hi everyone, Basil Chapman, Tiger Technician hour and also the author of the opening call. This is a Dow up 60 S&Ps up, actually up, hmm, that's interesting, 0.04. And now let's just look, just short of term, the E-mini made a peak D-top at 3,000 and about almost 10. Then it pulled back very sharply to the low of the 2,993s. Now it's trying to have a bounce. This is options expiration Friday. I was actually thinking of putting on some positions here just for a quick trade. All that effort for a quick trade could be right. It could be wrong. Even if your odds are 60%, it's such a wippy day that I didn't have time and room to articulate the thoughts of what I would do and et cetera. So we just left it. But yeah, you've already seen a big move. I was up over 100 points and it was actually up just a little bit. Now it's up 60 points. So yeah, choppiness all the way around. Look at the dollar's action. It's in the trading band and that's very good. Look at the euro. E-R-U-S-D. The euro is trading very ugly candle, giving back all the gains of this week just about, eh, just it's struggling, really it's struggling. Let's look at the British pound, British pound right here. British pound is trading not bad. It came off the lows of in the 1.242-ish area. Now it's at 1.253. Had a resistance right at the 1.2569, the black line right there. That's the 40-speed exponential moving average. Trying to get off the ground, this particular candle says that if next week there is a trade in the 1.265 area, 1.265, that'll be very good for a balance. Just a balance in the British pound off. All this time you'd expect a balance. Wait a minute. If you're looking at the USDJPY, this is the yen, dollar, US dollar, Japanese yen, currency pair. A nice candle, but also stuck in the lower range at 107.77, up 0.47. If it goes over 108.25 by Tuesday or Wednesday of next week, that's going to be good for it. Then it'll say, hey, I can test the 108.80s and get into maybe a leg B in the weekly chart. That'll be very nice. So let's get back to what I was showing you before. In the gold, this is a very important, excuse me, turnaround. Did I update my 120-minute chart? Give me a second here. So today's technical Friday. So today's the day that we like to do an analysis that says, this is where we are. This is what we're looking at. And if other things happen, it could change the trend. But the trend right now is what we have to look at quite seriously. So gold has pulled back in the 120-minute chart. Technically it looks like a D. It's acting like a D with actually a C, but that'll be a failure. If it goes under 14.19 by the end of the day or Sunday night, that'll be a bit of a failure. And it'll say, hey, you know what? Fabulous move. Just time for a little bit of breather. Silver is, oh, look at this turn down in silver. A leg D. Now why do I say, oh, a leg D? Because in the chart wave methodology, let me show you this right now. Get it out of the way. We try to identify the lowest low bar. Merely count each successor. That's how easy it is. Just count each successively higher peak. Alphabetize them, uppercase on the way up, all the way to a G. But the fourth highest peak, peak A is one. Peak B is two. One penny above peak B starts at leg C. Leg C becomes a peak C when there's a turn down. And then one penny above peak C says to start a leg D. One penny below to make kind of a triangle top says you're now making a peak D. So three patterns that we look for. D is where we look at the chapter wave methodology saying this is where other things can happen. You can have a sharp slide. You can go sideways. You can break to a whole new buy mode. But a buy signal to buy mode means you should go to at least four peaks. That's why this leg C in the monthly chart of the doubt is so important because it says regardless, we should go to a leg D sometime in the summer or early fall. OK. So straight line move up or down. That's one. Arch formation two. Cup formation three. But then you can get the package and that's straight line down. Arch formation, test the left side low. Break it. That's why it's red. Going up, you've got a green line, straight line. Then you get your cup formation. Take out the left side high. If the tech mills deteriorate, that means a double top. If they are continuing to expand, that's a very bullish side. So three patterns straight up, straight down. Arch cup or the mixture. So here we go. We're looking at a V-shaped pattern in silver. Not only did it make a V-shaped pattern, but it made a Chapman wave cup and ladle breakout. I should just recognize this immediately. I said, hey, we're climbing on the SLV bandwagon because we've just had a Chapman wave cup and ladle breakout pattern before going to a leg D, number one. It's only a leg D slash B if this continues to rally. And that says this is very positive having been pretty much sideways for ages. Breaks out. Look at the MACD. Look how strong that is. Stochastic is at 87 percent. Should be a little higher, but 87 is pretty darn good. 80 starts you're good. 90 starts you're really good. 97, 96 is absolutely fabulous. So we're looking at the stochastic and MACD in the weekly chart. MACD is good. Not as good as it was when it made the previous peak D at 16.457. I'm going to forget this. I'm going to do this right now. Excuse me. As usual, I'm going to just break away for a second. Shop. This is Shopify. I had a round number, 339, all-time high today. And it's pulling back a little bit. It's still up four at 335. I'm going to watch this closely. The last one was a peak E at 338.894. And it plummeted down to the 280 level, I say plummeted, because that was the deepest correction it had in a while. And look at this fabulous move to the upside. And the MACD has just crossed parts of not nearly as good as it was back when it made that June 20th high of 338. And stochastic is good, not nearly as good as it was there either. So this is a very important moment. The reason why I did it, because I said I'm going to forget it. I needed a trigger to remind me that reminded me. Let's go back to silver. Silver is trading at 16.16 down 0.03 after a fabulous pop to the upside. Going to $16.65. And that's really important, because we're now trading at 16.16. And the 120-minute chart, oh, I thought I'd done this. And the sisters do this live, because this is an anti-good technician's hour. Let me just do that. So the longest low bar, let me just pick this one here, because it's the most obvious low bar. Nearly can't eat successfully. Higher peak, see where we go. We're going peak A, it's 120-minute chart, B, C, D, E, F. And I'm calling this a G, because the MACD deflected high crossing negative. And then it should be a sharp pullback and start a brand new move. That's exactly what it did. So that G gets a down arrow. That G looks like a C, huh? Did I hit the wrong key? Yeah, that is a C. That shouldn't be a C. That should be a G. All right. G is the highest you can go, otherwise you recycle. Now you start a brand new move. It goes to peak A, peak B. MACD is good. C, D. And now we're looking at right there. And it goes all the way to an E. And lo and behold, F. When you get an F with a very sharp decline, straight afterwards, that's very negative. Short strip is 120-minute chart. The data still looks good. We do it quick. I'll be back. Fuzzle Chapman, down to up 76. S&P's only up 2.40. I said there'll be a different divergence today. Let's see what happens. I'll be back. 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I quickly grabbed it but unfortunately he couldn't wait online. Hope you're listening and I'm going to cover it because what I'd say to you yesterday is that just looking at it now I need more work but I think it looks kind of good for a trading range and if you were to nibble on it right there at 27, I think it was 2765, 2770, you could do that, just for the day I said to have a wide-ish 80 cents, maybe one point stop just to get going. Today it's up 17 cents at 2798 and this is what I'm really looking at. Within the context of patents, let me just do this here because I want to finish that up. From the low that was made round about 24, that was in March, it goes peak, look at this, peak A, peak B, peak C, peak D, peak A, peak B, peak C, peak D, peak E. Wow, that's just the quickest series of alphabetizing that you can get. Wow, look at that. A, rest, B, rest, C, rest, D, rest, E. I must take that as a kind of a template of the quickest you can get to a top and especially going from an A to an E. Look at that, every other bar had a peak. That's incredible. All right, then it makes this big cup formation and now you can call it, just for ease of the eye, you can call it a kind of a cup and handle but really you have to go to the high that was made back at just about 29, that was the beginning of end of April, beginning of May. So what we have now is we have a trend line that's declining. I believe this is a regional, so not one of the big ones, it's a regional and I remember when they came out and I remember at least when it was a noticeable company or many people used to say, fifth, third bank, I mean it doesn't even roll off the tongue easily, fifth, third, anyway. So that's a different issue altogether. It's walking the 200-period moving average. Look, it just keeps on holding, that's like a magnet almost, and now it's above it and it's really holding nicely above the nine and the 14-period moving averages. The MACD is okay in the day, the stochastics turned down. I think it's in a trading band but you could get a shorter term, I think you can get at least three-quarters of a point to a point before you have to make any other decision. So above 28-40 in the next week and a half will be very good action. Weekly chart holding good, it's a pretty little reddish candle, it was up at the higher end if today can close at 28-13 or higher. That would be really good. But overall on a monthly basis, it's really just a sideways trading band and therefore I would say there are better places to put your money, but if you're interested, if you can see some fundamentals, and I was talking to my friend who has the semiconductor company still very much involved in the industry and he said, without giving you anything that isn't public information, I said, I know you're going to tell me that the billing is still terrible because that's what I've read and everything that I'm looking at, and yet it's almost at all-time highs. In the 116s, the SMHs, 120 was the high. He said, I don't know, all I can remember from you, he said to me, is a long time ago you said to me, fundamentals, shlundermantles. That's exactly where we are because the billings aren't there, applied to materials and others are like 30% lower than they should be. He said, I don't know what's going on, the price is the price and that's what it is. So this is the same thing here. I don't know about the fundamentals of this, but what it is saying is, it's in a very stable area. Look, it's been, if I put a trend line right here, and I'll just do this. If I put a horizontal line where we are today, let me put it down at 2760. That's just 2760, 30 cents lower. We've been here ever since January, the week of the 25th, and then there was a very sharp decline, but we were back there in October, November. So it's really more a sideways trading ban and my suspicion is that if you can just garner a little bit of strength, like 40 to 50 cents over the next few days, I think it's going to go for the trend line of 2840. So I hope that helps you. The support has to hold between 2750 and 2720. If it actually closes below 2720, it's just back into this arch sine wave formation that just keeps going arch cup, arch cup. But I think this time it has just a chance of moving towards the higher end. Hope that helps you. Okay, next thing I had a question here is, wheat, yes, does wheat very strong move today? It's up 16.5 at 510, but this is coming from the low that was made this morning at 492. So, yes, we're still thinking that this, the agricultural fund is doing very nicely. We still own that. It's down from the highs, but it's still very nicely up in our portfolio. So that's good. Look at core soybeans, soybeans, very strong move day. 23.5 points up, up 2.61% at 922.5. This is in the upper range of its thing, 933 is a 200-period moving average. And if you look at corn, as we say here in the Boston area, Boston area, corn is trading at 432.25 up 7.75, that's okay. It's been one of the laggards. It had a spectacular move going from the 3.51 area all the way to the 4.67s. I mean, that's a whopper of a move, right? Hundreds, like up 33% or more. Taking a bit of a breather. So that's that. Next question I had was, could I look at, where was this? Could I look at, was that me? Let me just double check. I don't want to skip a turn here. Yeah. Could I look at Oracle OR, CL Oracle? Oh, typed it in the den. You're not going to get that information from me. If I put it in the den, I'm putting it on my computer. Trading station pops up. And Oracle has made a PE in the weekly chart, pulling back quite sharply. G slash B, actually, this is a, I have to put a B. Something going to have to happen for me to completely change my mind. This is a monster move up in the monthly charts. I have to tell you these monthly charts have broken out in most of the key indexes and most of the key stocks. I'm really impressed with what I see. Peak C, peak C, peak T, peak E. Made a peak E. See, this is the reason why I think that we're in for a choppy sideways to down phase, going into the Fed speak of October the 31st, of July the 31st. And look at this. There's Oracle. Let me just do this one at a time. Remember when we look at the Chapman wave, we look for the technicals to be deteriorating or confirming a pullback from a high. Yep. Let me just look at GBTC, get that out the way. GBTC having a little bit of a balance. Rectangle formation, 17.40 for the Bitcoin trust up in June, 17.40 drops down to 12, bounces up to just over 17, comes down to 12 and a little bit and now it's trading at 13. Stuck in a range, just think range bound for a little while longer. Now let's get back to what we were looking at. Oh, yeah, we go. So yeah, we go. The Dow, peak D. Not a big move down. It's just like this. This is a process. And one of the reasons why I'll give you a little lesson here in the way I look at markets. So let's just see if this is the one. Is that the one? Yeah. Look, there's the, yes, the Dow. Now these two moving averages. Look at the distance. Look what you have to do to break down. Look what happened in April to May. It took days. It took a week and a half before you actually broke and closed negative with the magteens with the two moving averages, the faster closing over the slow. And look what's happened here. We haven't even become, we haven't even closed below the nine period moving average yet. Since 1984, Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, 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 in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. 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For more information, just click the Think or Swim banner on the front page of tfnn.com Hi sir, we're looking at the Dow. This is just with two moving averages and you can move any, it doesn't really matter what moving averages use. I just happened to find that these fit my parameters that I'm always looking for so much easier. And look at this, this chat automated resistance levels really repelling the price just struggling and yet it has it only once has it nicked in all this time since it broke above we went long June the 3rd at the open, which was at 24,830 and actually for those some people got in a tad earlier than that because it was pre-market and since it broke above the this 14 period moving average look what happened you haven't been down since the actually I should say since it closed above the 14 period moving average of the 5th of June it has not closed below the 9th period the green one ever since then ever meaning since then it has nicked it twice touched it a couple of times but that's it so you'd have to see under 27,130 to actually say oh now we're going down wait a minute you've still got the 14 period which has been touched at all so there's a lot of support it's a process and the same ways you took a process over here to break down I think we're looking at a process now I don't know if it has to be as steep a decline as it was because there's been a rotation a rotational correction going on so but I do S.P.X.X that's where I get it from Trace Station also above but it did almost touched the 14 period moving average after closing decisively below three days ago and having done that once or twice it's a little weaker than the it's up three right now 2998 haha wait a minute we haven't even got a turn down to cross negative you probably would have to see the S.P. below 2968 because the QQQ bounces up uses that as a kind of a springboard bounces up you until it closes under 190 and it's raining in 196 right now 34 cents the Q's are not going to the trend and you remember I had my webinar you could if you want to become a subscriber just you can sign up and then you get my webinars and each one I'm real proud of my webinars the last one was called the Tide knows why we went short back in April because I was about to get a change and try I anticipated a little bit using the methodology and expecting a G-slash to become a D and then we finally got that D but then the tide was down and then the tide was up from the June 3 low what are we looking at now we don't have a signal so you have to use other techniques to get that signal and you can see this residual strength and that Boeing is up 15 everyone thinks hunky-dory and they're just going to pay for everyone this is going to haunt Boeing for a little while longer so I would be careful with Boeing there still has to be just a sudden in other words I'd like to look at internal low maybe we made the internal low back in June at the 330 area but I think we have to have a residual low and that'll be with just lawsuits and a whole bunch and if it can hold above that internal low and make an emotional what I call a residual emotional low then maybe Boeing could really start a big move to the upside they still the king of the whole area but they really there's alchemy in that that golden crown they think it's a real problem that should never have happened and we won't see anybody in jail but boy worthy okay enough with that so that was Boeing and I just wanted to show you how in the rotational aspect if Boeing wasn't up there we would not be up 80 in the Dow the S&P is only up three in the Dow is usually a tad weaker so we would be only up 25 points 28 points so it's helping and doesn't matter the longer you can get this residual series of one or two or three day wonders to help a particular index up the longer you've taken away from usurping that downside energy you're just using up time enough with that IYT question about IYT IYT is up very nicely today up $1.75 at 191.32 but really just stuck in the range made a peak F top in the trap wave at 195 point 65 on the 16th here we go 195 point 65 on 7 16 and it's in the process of just chopping sideways you can see the weekly charge sideways action monthly charge sideways making the I don't like doing these things in because they always be useless after a while but there's kind of a triangle formation coming into an apex we'll see it's a little short we'll see what happens it's good so the index is trading up trading down now down 17 cents at 106.67 hasn't got to the peaks at D it should try to get to a D peak C in the daily leg C in the weekly and leg B in the monthly but trading in a range it's really struggled and yet you've got a cruel come on give me a break cruel is up 16 cents after hitting 60.94 oh no no no you did not update that 61.08 I thought that was wrong 61.08 around about the 14th or so of 16.08 yeah and now it's down not a big deal but it's down to 55 yeah it's a big deal almost 10% I'd say it's a big deal and it's stuck in the range look you've got your H pattern lowercase H what's a lowercase H right yeah there's your lowercase H in the weekly chart remember you just see these patterns over and over and over so this is an arch formation making a little inverted cup watch it closely if Crudeau actually takes out I'd say the 54 I think I said 54.70 it's a little lower than that now 55 55 55 yeah I said 54.70 was about the level that I think you should see support because lower than that that means something else and the upside was 59.80 to 60.10 somewhere around these very strong resistance alright let's get out of this and we want to go to Microsoft so this is going to be very interesting Microsoft I spoke about this was it yesterday I said look at your Microsoft go all the way back and you see how it broken in a bold formation from the high of 2000 and then it breaks out to the upside and just continues going and these old fashion these old time stocks that are really just reinvented them reinvented themselves what brilliance is that from the CEO and go to all time highs I'm impressed I think that's fantastic now I can have a bit of a digester phase it was up earlier it hit 140.67 I was looking for a round number it wasn't it's 140.67 trading at 138.51 we'll see what happens was it round number open no 138.04 is low so far no okay so watching this closely fabulous move just needs to digest gains so fang Facebook there we go Facebook trading at 201.40 it's used up time from its most recent high in the 205 area peak E the leg E in the weekly chart is that a peak E or a leg E 205.30 205.47 it just squeaked this week to a new leg E extension leg B in the monthly chart yeah it looks very good could have a high level consolidation between 201 right now between 183 and maybe even 210 towards the old high it could be a range for the next week or two Amazon let's get Amazon after that prime two days and since then it's pulled back made a peak D in the chat wave and now it's pulled back it's really consolidating it's under the rectangle weekly chart is E-P yeah it's made it hasn't made an all-time high yet it will at some point soon I'll be right back if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the 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down from the 80% there was actually up in the 96 97% now it's at 72 but the price is holding but it is making lower lows and lower highs so I think a little digestive phase right here 2035 80 was the high 2050 was the September high all time high plummets down to round number and I forgot to put it in here but I've got it there so at 1307 was the low number round number low in December hey this is quite a bit of 1307 to 1986 not bad 655 wow that is that's 500 boy that's a very good move so yeah so I think that they're all going towards the highs they've taken 9 months some of them 10 months or more to have this full digestive phase I think there's a new buy mode that's in place Apple Apple is a mature company but look at this it's a slow grind to the downside sorry a slow grind to the upside struggling to make slightly higher highs if it can get into the 207 50 208 30 area next week that'll be a breakout but if it starts to pull back it's 205 206 if it closes under 202 in the next week that's going to take a little time out and that just extends this move to the right in the weekly chart look here's the weekly chart we should get a little LED at some point by September August September and the other thing that I'm looking at here is Netflix made it look at this fabulous I actually thought I was doing it on the show the other day I can't remember if I did it but I know that it went to a peak even a double top and that was at 384.76 423.21 was the June 2018 150 points that's you know so and then it gaps down and now it's a gap down I have a rule of gaps if you have a huge gap down you have three days in which to close above the gap down high in this case it could be 329.85 the gap from the day before going after the earnings report on the 17th plunges down and that was the high 320.30 the close above to spike above but actually I like to say close about 329.45 whatever that was and then what you want to see is any pullback holds the close of that day which was 325.21 and how can that be 325 oh 320.30 was the low right so today's low so far 320.50 just a fraction above inside bar you got another two days in which to close above that high if you close not you but if Netflix closes below 320.30 in the next day or two then you can expect that the the close of the 18th at 325 is going to be tough because it has to break out above that then it has to close above the gap down low that will just give more pressure so I think the surprise was a surprise to the downside that kind of selling all right next thing is a goog alphabet just made a peak F top 11 15 8 11 58.58 let me just type that in because it might be here for a while 11 58 .58 and that is the high to break above you can go to a G with a road wave above it maybe looking at this particular consolidation unfolding right now it's giving room for just a sudden flurry of news and it turned down the same day a gap up and then reversal with a red candle close that'll say oh now we've made a top of consequence short term not longer term because that often uses usurps energy so that's what we were watching for so goog is just in a trading range I think it's going to struggle to get to the all time high 1298 I think it was 1289 1289.27 was the all time high okay enough with that I wanted to talk about the SMHs with the SMHs I remember what I just said fundamentals fundamentals here we are at 117.50 oh I can't believe how nice it would have been if I had the technicals to say do it I just my mind was saying buildings are not there everything is I use some fundamentals which I shouldn't have done the technicals did give a turn around look at this MacD cross beautifully positive the stochastic ran up there's even a little bit of a Chapman wave squash here goes to peak AB oh I know what it was this decline from peak C under the Georgia moving area kind of confused things for me and then it goes to a D just normally high and then pulls back and then the left side, right side price time actually goes and then it we ran don't worry about chops and changes just raised the stop and that would have been it didn't do it bad timing the technicals are there it was my interpretation look if you just followed the faster moving average you'd still be in SMHs from the break out right there the day of the 6th let's go to the high 103.11 is trading 14 points higher and it's still look look at this good candle I actually have over the weekend for my subscribers I hope we can call out Wisha there SMHs as well as all the many other charts I'm going to discuss it a little bit more because I think something is happening here for the next half of the next how can I put it for the fall and I'm not sure the fall will be a fall it could be a rally if we can have a decent pullback before that let's see EEM I was asked about EEM is the emerging markets index stuck in a range nothing yet I think that the American markets that's where the feds doing its business now I had a question about where did it go there it is the it says both of these Facebook and Amazon are flashing cell signals on the MACD let me go there it must be the day yes they turned down but okay it's technical Friday let's do a little technical analysis so Paul you correct I'm not arguing with you that there is a crossover and the statistics now at 80% just about to go to the 70% area so that's a negative but you remember the price is the arbiter of the trend I couldn't even tell you I should have made a note I've got so many examples of the technicals just failing miserably and yet the price holds when the price holds with the technicals failing it doesn't mean that when the technicals come back there used to be a skyrocket now what happens is the technicals kind of come back anticipating that the price will move higher but the price doesn't move higher sometimes that's when you get a fantastic short signal so I'm agreeing with you I've actually got these on my radar for the exact reason that you've just outlined but we aren't there yet look Amazon Amazon yes just today you crossed negative in the MACD the price did drop yesterday and now it is a process and let me let me just try to do this again let me show you a little free lesson should have had this is one of my master trader series sessions let me just quickly show you Amazon it's just starting a little bit to weaken between these two moving averages and until they cross over now it's going to take time so it's a very very lagging indicator but if they do like so that's really what I'm watching and even Facebook Facebook is still trading above the 90 MA so be careful it can be a little I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we Tigers and Tigers share if you're looking to become the best of the best when it comes to trading and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as 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the newsletters button near the top of the page TFNN.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive that's right Paige formulated and approved by Niko and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour of the Traders Edge heard here at TFNN.com It's trading at down 26 it's stuck in a range and that's what I've been discussing I had an email yesterday about it just think of it as range bound for now we are going to get it trained but right now it looks to me like yields want to climb a little bit and then we'll see what happens at the end of the month that could be the surprise the fidelity just sent out trouble sign for the stocks Dow theory you know I don't as I mean decades I've been watching this Dow theory so the Dow is at all time just about all time highs a few days ago the IYT is way lower the way it was I just subscribe to the fact that I like to see the transportation index moving together on the same in the same direction as the Dow that to me is a confirming trend but not even that I like to see all three sectors the airlines the rails and the truckers to move in the same direction now we're getting some kind of divergence that says to me be a little careful and now we're at one o'clock and I said the S&P was down for we could expect a mixed market and say we've got a mixed market with being up for it one o'clock and the S&P is up and the Dow is up 98 this is all a process with tremendous resistance levels remember I spoke about this the other day if I go to the just real quickly as we're about to sign if don't forget my opening call is the CTAS the Sintas look at all time highs today getting close to resistance that's a really good sign but if you look at the Dow look at all the resistance levels of the automated Chapman Wave and the different timeframes little one here is the 10 minute but the data look at the data how much resistance there is in the 27,000 200 to 27,000 330 area same thing here in the 120 minute chart look at the S&P look how many resistance levels just above look at this here it comes look all that whole cluster in the 30 so you can go through this is a lot of resistance levels and just treat it as if kind of we've had a fabulous move this is a time to generate some kind of energy that's really important for my subscribers I will be sending out a lot of charts this weekend we're going to try to look at the bigger picture as it stands right now that's what we've tried to do for the last couple of months so we have positions that are nice today we've got one that's up 2.7% one that's up 70.7% another one that's up 1.10% hey nice day today I'll be back on Monday have a wonderful weekend stay tuned for Steve, Dave and Tomo