 The following is a presentation of T-F-N-N. 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. Everyone, Basil Chapman. Yeah, this is the Tiger Technician Hour 877-927-6648, July 1. Can you believe we started the second half of the episode? Just goes like that. Nothing. Boom. So, as we're looking at this, I had a question about the queues. That's the NDX100. Could there be a different count? You know, I don't really get a different count. I do this innumerable times. And if the queues trading at 189.30 right now, up 2.56 in daily leg D, under the previous high of 191.32, I don't like that. I like to Ds to be above the previous highs. And the same thing in the weekly chart, you've got a peak C. So 191.33 stars legs D in the weekly chart. You can call it D slash B because that is a peak. But really, I think D is going to be what we call it. And no, you can't call it D. It has to be D. And in the monthly chart, I just don't see anything else. So if you can come up with something like Mino or send it to me or discuss it, call in whatever it is. But this V-shaped pattern closing above 187.53, the high of October. That was back in, actually it was two months. We went above it. But only one month we closed above it. That was in April. Pulled back for 84.74. Let me go back. Let me go back. Let me go back. Let me go back. Let me go back. Okay. So let's look at this. Yeah, we'll do it together. Look, you got a peak D at 140.79 back in July of 2015. 2015, it's four years ago. And then there's a sharp pullback to 84.74. Then it goes to a higher high. So I call that E. It could be an A, but it makes no difference. Whatever it is, it had a chamber of Roman Canon and a sharp pullback after that. But it only pulled back to 94.84. So it went to a slightly higher high. I believe it went to right here. 140.79 was the high of July. And I think it was 115. I can't see. 115.75 was the high in December. And then a pullback very sharp. 2015 goes to the low of 2016. 94.84. But either way, you see this A right here which becomes a gray A at first because it's under that previous high. This becomes a restart. That's the whole thing in my chapter in the CD introducing the Chapman Wave methodology. But then when it breaks out above that 115 high of December, that starts a leg B. No matter how you count all this, even if that was an A, this would still be a B. So it's an E slash A if you want to call it. Then it goes to an A minus because this is another A over here lower down. You remember, you've got to count each peak and each trough. That's how you do it. That's how you do the navigation in the Chapman Wave methodology. So this leg B right here in August was it? So 119.22 and 119.66. So the October 2016 high is B. Then it goes all the way up, all the way up to a C. That was in 2017 and that was in, 2018 and January. Pulls back for a month. And it goes, remember that horrible month that first week, first two, three weeks. And then February has a nice rally. And then it goes March. Goes to a high of 175.21 and that's D. Then it goes to E and F. Everything works perfectly. There's just nothing wrong here. We managed to get that top exactly in the Dow and pull back very sharply. Goes to 143.46 in the queues. Went from 187.53 in October of 2018. Down to 143.46 in December. And now we've got a brand new A or G. I don't know. It's hardly like a G. But it could be exactly the same patterns. Really repeat very often. So this high that was made right here back in December of 2015 at 115.75. That could be turning into a G. And then there'll be a pullback. Maybe there's a sharp pullback. But it's way above the 143.46 high. And then we start a peak A and a peak B. So either way so far this looks like a really good set of chops. I like it. All right. I hope I answered the question. Okay. Let me know if there's still a question involved. Now let me go through this again. This is the beginning of the month. We've got the end of the month. So we can talk monthly charts here. We've got 26,722. Only up 122 after being up much higher. It was at 26,890. 170 points higher earlier on. Still didn't go to LAC. And that's the reason why I'm saying that this Chapman Wave inside track repellent zone such an important in my work. I have just certain techniques that we repeat over and over and over. And each one of them has been developed not over years and sometimes decades of practice, of due diligence, of correcting errors that I've made when everything said that there should be a pullback. Let's call this an inside track repellent zone. It says there should be a pullback here. It says if you break and close above this dashed green line, you've now broken out. In this case it was to be a laying seed but it was to be above that trend line. It means now this whole area of resistance becomes support. These are techniques that I use all the time. MACD, look at the MACD, it's still very strong. It's forming an M shape formation. It's beginning the process of running out of steam but it hasn't run out of steam yet. And at the same time Stochastic says, whoa, under 80% and 67%, that's not too good. So there's a divergence. So another reason why I say the upside I think is limited we will squeak towards new recovery highs in some areas. It'll be all-time highs, maybe even in the Dow. And then I think we've got to be prepared for some kind of a consolidation. All right, cut that out the way. Done a lot of work. Let's just run this real quickly. Give you parameters. The Dow needs to hold 25,530 support this week. Anytime it closes below that, that's a real problem. S&P is trading at 29.63. Up 21 has gone to a leg C, has gone to a new all-time high, has gone to a leg E in the weekly chart. Ooh, interesting, isn't this, huh? And F slash A in the monthly chart, everything about it points to it probably being a new leg A. Very powerful breakout from 23.46 to today's higher. 23.46 to 29.77, unbelievable 23.46. And this is still a leg A to the upside and we're halfway into the year. We're actually starting the second half of the year, July. And there hasn't been a peak yet. That is very positive. That is very positive. All right, let's get on with the story here. So S&P, all I'm going to say is that the 29.48 to 29.42 is probably an area that needs to hold this week. If there's a pullback below that, that is really not good action. I just did the cues, but I'll do it again. QQQQ trading right now, up to 2.70. Almost at the low of the day, but it did gap up huge. I think that gap will be full, but it doesn't have to be full. The need to do it can sweep to slightly higher highs in the interim. I'll be right back. Puzzle chapter tells us 127. S&P's up 22. Love to take your calls. I'll be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, president of Taz Market Profile, the Taz Profile Scanner understands that in today's technological world, the use of top-flight software applications, automated trading algorithms, and technical analysis expertise is essential to successful trading in today's market. Whether you're looking at the trade matrix, the ETF heat grid, the market breadth, the landscape charts, or the many other features of the Taz Profile Scanner, this is a piece of software that will revolutionize how you look at the markets and set up your trades. The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner, which you can find directly on the Taz Order page at tfnn.com. Sign up now for only $97 a month with a risk-free 30-day trial so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of tfnn.com today, and you'll find the Taz Profile Scanner under the Services section. Remember, with a 30-day money-back guarantee, you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. Don't miss the last chance to sign up for the Taz Profile Scanner at just $97 a month. Starting July 1st, we're raising the price to $197 a month. This is your last chance to lock in the $97 rate for as long as you remain a subscriber, and as always, new subscribers get a 30-day money-back guarantee so there's no risk. Don't miss this last chance to sign up for just $97 a month. Sign up for the Taz Profile Scanner today by visiting the front page of tfnn.com. Tfnn.com now and experience all the upgrades. Tfnn.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. So just before I go to the nitty gritties of the different areas, I have a question about BIP. This is Brookfield Infrastructure Partners LP. And it's trading at $43.53. It's up $0.60. It is at not an all-time high, but it's at a recovery high. And the question was, is it too late to get in? This is part, I think this is already part of the infrastructure. I've seen this before. I can't even remember. I think we once had it on my list, but we never did anything about it. Or maybe we did. I just don't remember. It was a long time ago. I like it very much. But here's the issue. It's in leg D, second leg D in the weekly chart, leg B, only leg B in the monthly chart. I haven't had a chance to do the count in the daily, but I love the look. But just on a purely technical basis, you see the stochastic, you see the way the stochastic has this big spike, this arch formation, then comes back again with the price and then comes back with the price and then goes back up again and then comes back down again with the price. We're having the same spike to the upside. The only difference is that in this case, the stochastic is very strong. The OBV is at high. So I love this at 43.55. Since you're a very long-term position player, I would normally say, look, yes, it can go higher. It could even go a point, a point and a half higher. But if there's a pullback at this stage for whatever reason, it could get stuck for another two, three weeks and then pull back to the 42.5 area, a point down. It's a big deal. If it's a point down and a point up, why not take a nibble? Well, the high, I think it's the all-time high was at 46 something. Let me just check with the prices, maybe less. Yeah, 46.88. Back in December of 2017, it's making a cut formation. My target would be the 46s. So I'm going to say to Piki and the Dan, yes, in your case, I'm going to say to you, start a small position right now, but that's not your position. This is just to get a feel for it because you don't want it off your radar and you're a longer-term player, and I think it's going at least two points high, which is 5%, which is fine. I don't think it's got more than 3%, 4% or even 5% to the downside. I think it's more time. Look at the way it makes these stair-step moves and then it pulls back. So, yeah, nibble. Just nibble here at 43.56. This is not your real position. This is just because you're interested and you really would like it and it looks great. The monthly chart is good. The weekly chart, it's above the 9-period moving average. This is BIP trading at 43.56, and we call it Brookfields, Infrastructure Partners LP. I do like it. Last time it had a D, it just pulled back modestly to the 9-period moving average. That's at 42.45. So, yeah, you've got yourself a 1.2, 1.25-point risk, but start here and then let's look at it again together if it can pull back to the 43. Sorry, 42.50. I'd love to see it at 42.20 with a chance of making one more slip to the downside because then I think it fits into the pattern of sell the highs and buy the lows in a channel formation. That's on a short-term basis, longer term, it says buy every pullback, but that's not my belief right now. I think you need to just let it play out because this is the second move in the weekly to a D, so now I get a little more cautious. Okay, so that's that one. And Tul Ray, is that what it's called? Tul Ray, Tul Ray, Tul Ray? Yeah, Tul Ray Inc. This is in the, I don't know if it's in the medical cannabis area, medical cannabis. A wonderful example of the Chapman Wave Eiffel Tower, straight up, straight down, capital A pattern hit 300 round number in September of 2018. Had a little bit of a problem, went down to the 34s, trading right now at 47.69. So the question, where was the question? Where was the question? A gold 25 in the debt. Yes, so I don't know if you've played this before, and I say play because it's really different because it's really difficult to position yourself in such a long-term decline. A couple of years, well, a year and a half. I don't know, it's only a year. But look at the move to the downside. You're long. Okay, that's what I wanted to hear. If you're long, I suspect, and you probably know this, Goldie, you can see that there's a really good chance that if it can take out at 47.64 right now, if it can close two sessions, I want two sessions. I want you to know it's not just a one-time blip, and it needs to close above the high of 48.48. That was the high of the 27th of June. Then I think you're looking at a leg D in the next two weeks above 51.03. With that said, the MACD is strong, but the stochastic pullback quite sharp, and that weekly chart is just repairing a lot of damage. So it needs to hold a 45.50 area. That's a two-point. I don't know what kind of stop you have, but at any point if it closes under 45, yeah, let's call it 45.50. If it closes under that, I would just say hold off, not just now, but you're probably going to have to hold off for a few weeks. But at this particular moment, I like the action. Let me just look at the 120-minute chart. Yeah, the 120-minute chart confirms what I said. It needs to get about 48.48, and then it's going to look a lot better. So that's all right. Now, I've got a couple of things that I want you to do. Just real quickly, the IWM, has gone to a leg E with a red candle, even though it's making it higher, higher than just the other day. It's up 77 cents and 156.27. This is going to be a problem. Is there such a kind of, is there rotation going on? I almost had this last week to say, you know what, there could be some crazy kind of rotation here, and you could finally see a leg D in the weekly chart of the IWM, the Russell 2000, and then the more I looked at some of the stocks within it, it's just a real mixed thing. And on any day, you could have a really good move, so that on a percentage basis, it's up 0.51, and the Dow's up 0.31%, and the Dow's up 0.36%, the S&P's up 0.65. So it's in the good category here, but it is red. It's a red candle, having come way off the high. So I'm just going to say, the IWM is acting much better over the last three sessions. Not good enough, but much better. And the reason why I mentioned it is that Thursday, I thought, maybe Friday, just to have it long, because it was so oversold that it needed to play catch up. Now it might have played catch up. So we're going to be watching this closely. But I just say, Russell 2000, at this particular point, there's a lot that needs to be done to improve the technicals in the certainty in the daily chart, and the monthly chart needs a lot of work. So that's that. Okay, here we go. Crude oil. Crude oil right now is up 48 cents, 58.7. Let me read this if I can find it. Maybe I'll have to wait. So last week, at some point, Bob sent me, he sent it to a couple of people an email and says, just heard a news brief, a news brief on a meeting by the EU members to attempt to have Iran not exceed the enrichment quotas set in the nuclear development agreement. It may be that EU buying oil from Iran may be an attempt to settle the agreement on nuclear development. So the big question he has is, came later on, he sent me a questionnaire question. No, wrong Bob. Let me find it. So the question was, is crude oil going to really come down sharply? Is there a glut? Is that going to be shown up as in the price point because it keeps getting weaker and weaker? No, I'm looking at crude oil, and I think crude oil is in an area right now that says, and it's actually very interesting because I'm stalling because I like to hold off until after the break before I actually tell you my conclusion. And I'll tell you back in a moment, the Dow is only up 95 now. It's a piece of 18. And we'll talk about crude oil and the whole put-purry of different sectors. And I think crude is going to be important. So I'll be back in the talk about crude. You'll have to come back to hear what I say. Since 1984, Basel 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, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel 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. Using the Chapman Wave methodology along with other indicators, Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two-week free trial to the opening call, the Basel's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basel's newsletter the opening call today by visiting TFNN.com. The path of least resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, so if you want to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, 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 Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart 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 going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. Let me just go back to where I was if I can find that. Yeah, crude oil. So crude oil is held very nicely. It's stuck against its 200-period exponential moving average of $59.82. $59, yes. It's trading at $58.98, of $0.51. In legs, C. Magdian's stochastic are good enough to say it could go higher. I said this about a week ago. I believe that crude oil should trade between $61.75-ish. This is the continuous contract as resistance. And $57.70 as support. We're in the middle of that right now. I'm just sort of the lower half of that right now. And that's kind of what I'm looking at. I don't think it's going to break down not yet, but I do see that the upside just at the moment is limited. If there is a close above $62.50, that's something completely different because now, all of a sudden, the 60th use to the 64s becomes a magnet. I think that's going to be a bit of a problem just on the shorter term. Let's go to the gold now. The gold itself is down 19 at $13.94. It made a peak effort, $142.90. Remember, there's a continuous contract. So I must just double-check to see if that wasn't smoothed out and changed. $142.90, that was just six sessions ago, five sessions ago. And now what we're looking at is tested the 14-period moving average to make these goods. The castings pull back under 80% and 73%. The technicals in the weekly chart after the Chapman Wave Cup and Ladle breakout are still very favorable. They still look very good. And it's only a leg C in the monthly. I suspect that in this particular period, let's just look at silver. I'm going to go through a couple of things at the moment. Silver right now is just down a little bit. It's down 0.6%. It's not a little bit. $15.24, down 0.09. Had that peak C. Well, it almost looks like Tul Ray there. It looks as if it wants to go now back. Remember, I said, watch this line. I said this week ago. I said, watch this 200-period exponential moving average at $15.35. Why? Because I think you're going to go over and under and over and over and over and turn it into some kind of a magnet unless you break decisively away from it and it was close today. But if it goes to $15.10 or less, that's a breakdown. If it can hold here nicely and have a little bit of a pop to the $15.35, 200-period moving average again, it means that's a magnet that's going to hang around. Even if it goes high, it's going to come back. Even if it goes low, it's going to come back. I want to see this as a magnet to see, I want to talk about it as if it's a magnet and to see if it remains in this rectangle formation. Limited upside, limited downside. If we go to EURUSD, the Euro has made a peak D with a very sharp pullback. There's that rectangle. Finally, it broke that rectangle to the downside that I said before. The weekly chart looks okay. I didn't like the doji candle close on Friday. So yes, it closed on a daily basis that says it's a problem. All right, so that's the Euro. If you look at USDJPY, which is the yen, dollar yen currency pair, a nice leg B to the upside, fourth day of rallying. And I like this just on a short-term basis. At 108.44, it's going to have a lot of resistance in the low 109s. Next thing, we're talking about trucks in the den. The Ford F is for Ford, a leg E to the upside today, pulling back after that intraday spike. Now it's full of the gap and it's at the low of the day. I've been impressed over the weekend looking at Ford General Motors. Look at this. I mean, they're not breaking down. They're holding well. So there's this rotation that's going on throughout the market to say that some stocks, for instance, look at Intel in the semiconductors. Intel trading up 9 cents today, 47.95. But look at applied materials. Applied materials spikes up at the low of the day right now, and it's still up 72 cents at 45.63. And it's screamed to a leg E in the weekly chart, leg B in the monthly chart, and leg C, just a leg C in the daily. So it's saying that even in the semiconductor area, the SMH is having spike to a leg E to the chaff rate inside track. So this is the inside wedge resistance line, this green line. He didn't exactly pull back. Magnet is good. Stochastic is good at 84%. So I'm looking at this, and about three weekends ago, two weekends ago, I showed the strength of the monthly chart to say that even at the low, when it plummeted from 114 down to 80, in December, the price didn't drag down the nine period exponential moving average. And it's rallied, and that's really a big positive, and it remains a positive, even if there is a pullback from this gap up high, to say, hey, we're not quite ready to do the big stuff right now. That's a fantastic move, going from 97 to 115. We have not been long. We covered our shorts. We were short from the 100, off the 120.71 high in April. We got shorted 116. It went all the way down to the 98th, 97.61 was the low. Down to 98, we were already covering almost the last position, then the last position was at about 305. And then I should have said, you know what, there must be an oversold balance. I said it, but I didn't think it would last. This has lasted a lot longer than anticipated, but I have to tell you that that monthly chart is really impressive. And it says that later in the year, you might see the SMHs testing and breaking the 120.71 all-time high. Question about EEM, EEM right now coming up once, coming up twice. 43.34, leg E to the upside. Oh, it actually looks like the semis, doesn't it? D, E. They'll kind of go together, I guess, international stuff. Yeah. So this is, yeah, this confirms for me that I think there's some limited upside for the markets generally. There should be a little more. The wave, in other words, it's saying high tide is coming in sometime in the next day or two, but the waves don't know that, so those waves can go a little bit higher before we start some more of a consolidation. I think July is going to see quite a choppy month, and this time we might see a couple of sharp down days rather than these big up days as we do some consolidating, but I'm still a mega ball in terms of outlook for 2019 going into 2018. But in the meantime, back at the ranch, let me go through something else. Question about the financials, yeah, it was just, okay, financials. The XLF is trading at up 27 at 2788. I like this. I spoke about it on Friday. It was breaking the Chapman Wave inside track repellent zone. It spiked above at 2814 was the high of the first of May. Now it's the first of June the highest 2805, 9 cents off that high, and I do think it's going to go to a leg D and that'll make a leg D at 2815 in the weekly chart as well. Very subtly, we start up with, oh, finally, let's just look at that. We've broken out for the very first day of July. We actually broke the down channel inside track repellent zone. We're above it, except it's three hours into the first trading day of the first trading day, first trading week of the first trading month of the second half of the year. So, all I can say is this is a nice start, but that's nothing. These are hours, not a month, not a month's worth of trading, but it's a really good start to say, hey, finally, there's a push against their trend line and it hopped over it. Let's see how the month concludes, but yes, that's why we in a bank stock done very well. We're in other areas that are doing very nicely that we'll see how this one's going to turn out. But in the meantime, I wanted to also answer a question here about oh, let me just show you this here. This is the 10-minute e-mini going towards the 200 period moving average of 2960 to 2964. I'll be back. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages is 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 10 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% and 1.5% per year are 6,200 over the four-year period. That same $50,000 investment in the Tiger 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 Tiger First mortgage program, you can call me at 877-518-9190. That's 877-518-9190. It's amazing to think that Tom O'Brien started Gold Report 17 years ago with the first issue published April 7th, 2002, when Gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices, Gold may be poised for its next big run. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, South African Rand and 75 different mining equities with specific buy-sell recommendations. As of April 1st of this year, the Gold Report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade. New subscribers get a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your Gold Report subscription today, visit the front page of TFNN.com. Don't let Gold's next big run pass you by. Sign up today. China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade C-H-A-U or C-H-A-D. Directions daily, CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The Perspectus and Summary Perspectus provide this and other information about direction shares. To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-4767523. The Perspectus or Summary Perspectus 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. Don't forget, you can listen to TFNN on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. So I thought this was very interesting. For my subscribers, most of my subscribers know that I've been talking about the skyscraper phenomenon for decades, not just recently, but really for a long time in the 1980s. So in Boston, one Dalton, Boston's commanding new skyscraper, Conjures Architectural Magic. That's building right here in the middle. Boston, this is the Prudential Center, the Christian Science Center is over here. This is a property right opposite the Sheraton Hotel, Park Plaza Hotel. So this is gone up. All of a sudden Boston, which was the college town of the Northeast, becomes really a pretty, it's a major city. And if you know the roads, the time consumed going to work is every one of the records in the country. It just takes a long time. So I showed my subscribers this and I've been showing them buildings for quite a while in the Boston area. But this one here is very interesting. I actually like this design. I've always hated this Prudential since I got you. I called it one of the besides three other buildings. This is the Prudential, it was the library, the new library. Now they're finally off the decades. They've done something to the front of the new part of the library to help and ameliorate the ugliness that it was with all that concrete. And then the building city hall was just one of the worst. And then the Heinz center. I love the, can you see it? No, it's not even here in the picture. I love the John Hancock building. I've got pictures of it as the world's tallest plywood building. And then they had to put the glass back because they had to replace all the glass. Even after it was finished, they did all the glass over. It hadn't been opened yet. So this is I love this design. I think it's terrific. That's not the point. The point is above the turnpike. Now what they see, this is what cities do. They've never had so much income coming in. Taxes and incomes are improving. Everything's improving. Housing, boom, real estate, yes, everywhere you look. But the spending boom is unbelievable. And the government, the federal, whatever it is, the cities, each town, they're overspending. Well, there's a great article this morning I was reading. It just goes through basically the spending. That money's there. It's just being spent excessively. I mean, these things are important, but it's excessive. So my question to my subscribers, to myself really is every time, as long as I've been in Boston, which is a long time, at a certain point when they start talking about hotels that are new hotels needed for the world, we'll keep moving it from the World Trade Center wherever it's going to be. I say, oh my God, we've got another couple of months and then we go into another recession. This has gone on a long time. And the way I'm looking at it, especially if you're looking at New York, Brooklyn, New York, and you go all the way through Northeast, when I go through Connecticut, I see the same thing on the way to New York. I have to tell you, I don't know when this top is coming in real estate, but when you look back over a period of time, and I've done this ever since I've been, whatever city I go to, when I suddenly see a very tall building or a massive construction, I always want to know what was the time period? Why did the council allow that to go through? Because it's always at a special time that they say, oh, you know the income, 120 stories and oh yeah, we've got to let that go through, but there's a casino here in Boston, right? Like the Angkor Casino. It all gets passed, but there's a lot of money that's involved. And at a certain point, you look back and you say, oh, wow, that was like the top of the market. They allowed that because they wanted the income, but they were being greedy. It's hubris. And I'm looking at this, I'm saying, where's the hubris? Where are we? I think we're getting closer. I don't think it's just yet. I think there's still some time, but we are absolutely getting closer and closer to some kind on the northeast here of a pretty decent construction decline. And I don't when it's coming, but I think we're getting closer and closer. I wanted to show this because it's part of the history, part of what I do for my subscribers to my opening call besides all the other charts over the weekend that I show. I mean, just everything from analysis. Let me see if I can find one right here. Right, right, right. Yeah, that's my Dow analysis. The Dow daily is in a buy mode. The Dow weekly is in a buy mode. The Dow monthly is in a buy mode. And I give you all the parameters for daily weekly monthly. And in sum, this is what we're looking at. So it's a very detailed report. And as I say, we've had some really good successes managed to pick just the day before the high of the Dow in April to go short. And we managed to pick the exact day to go long during the third. And we've had some really nice trades, a nice position play. So if you're interested, my opening call that's my the opening call. That's what it's called. Go to the front page of TFNM. You'll see you'll be able to get it for free for a month as a trial. Okay, so a trial big meaning you get your money back if you're dissatisfied. So now we've got the XLF acting very nicely. The IAA, I've spoken about this before. This is the what is it called? It's called the iShares US broker dealer and securities ETF. This is very important. What I've been saying for a long time is that if it starts to trading the 65, 64.57 was the all time high most recently. And but if it starts to trading the 65s to turn the 63s into support and they can push even a little higher. That's going to tell me that people are buying the brokerage houses are starting to see money come in and that people are starting to trade because now they're getting the volume. And if you look at the CME the CME is in fact the Chicago Board this is the Chicago Mercantile Board. This is the exchange and it made a higher in the 10th of June at 204.56. It just went straight up. Look at this weekly chart. It goes from the 162 area what was that? 161.05 in March of 2010. It makes one little minor peak and goes to a peak B all the way to 204.56 and that's only peak B. There's no other count that should go to a C and a D. So the Chicago Board is taking a bit of a breather here and that's telling me that more and more people are becoming interested in the stock market. I think that's really important. And that's very important for the mega bull to really pick up steam later this year. Okay, cut that out the way. TLT bonds. Now here's the query down a dollar three at 131.78. Made a peak F in the Chapman wave and you see this 132.58 high of June the third. Let me just put that in as June the third here. So that is 6 3 and you see the high that was just made 7 days ago fractionally high 133.51 I put it in red because I thought this is pretty serious on the 20th of June. Now we're going to see something very important. This particular week is what we're going to see if this works or not. Look you see this see the way the Magdeus stochastic was so strong in the June high but look at this we come into if I can find it right there we come into the June 20th high 133.51 a higher high in leg F and look how weak the technicals are price hasn't fallen much but I'll explain something when we get back Puzzle Chapman Tiger technicians are talking about this I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets. I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals and me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 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 at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step how to use an extraordinary set of tools as well as provide great market calls to sign up today. If you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest and market news. Plus new subscribers get to test drive our newsletters risk free for 30 days. From all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click on 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 for health in their wild environment but today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong. Primal edge daily nutrition it includes a special blend of ionic, soil based vitamins, minerals, baddie 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. We take it every morning. Primal edge is 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 Trader's Edge heard here at TFNN.com I've always been back so 1.03 down in the TLT and the Lehman 20th Treasury Bond Fund the MACD and the CACACO way weaker than it was back in the beginning of June on balance volume is still pretty good but pulling back so this has to mean that we could be stuck in this rectangle formation but a close at the end of the week holiday week but we are here Friday. Here's a market Friday if on Friday at the close the TLT is trading $1.30 and this is what I said to subscribe when I showed my weekly triple yield chart I said there could be a little bit of a rally in the yields this week I don't know if it should affect the market per se but I can see that. Got that out the way. Question I had was I don't want to know should I add to my spy position. Note to I wouldn't do that but perhaps tomorrow in my newsletter I'll be giving some information about what I'm looking at but perhaps tomorrow we could start the move that goes towards the end of the week to try to make that leg C in the Dow but you're talking about the spy and the spy would be in leg C right now I don't like this red candle but it's still way above the actual Friday close so that is a good sign but it isn't C and then I'm going to say to you I'll talk about it tomorrow but in the meantime I'm just saying I don't know if I would add to it right now I'll tell you a price if it goes to 293.60 you could just nibble on it not to date it has to be tomorrow if you miss it by tomorrow it's tough but I would wait 293.60 and that would be preferably tomorrow and then it has to be an immediate reversal back to the upside now what I wanted to say is that this is so far a high level high in the bonds so it hasn't broken down even though that is a peak F the way I'm counting it right now because the magninians are deteriorating at the moment down below the 14p removing average but I still think rectangle formation think of that if that's a high level consolidation something's going on that's different there are so many things that are going on that are different I'll talk about that tomorrow in the meantime the IYT was a question I had and the IYT is bouncing to a leg E it's still not great action I'd like to see it keep moving higher that's what's moving higher with the Dow going higher I'd like to see that kind of continuity stay tuned for Steve, stay tuned for Dave stay tuned for Tom O'Brien I'll be back tomorrow and please check out my opening call my daily newsletter a one month trial free I'll be back tomorrow