 I'm Amis the Basil Chapman as we do each and every Tuesday and don't forget folks Basil has an outstanding show here every trading day 10 to 11 East and stand at time also great newsletter the opening call now it's very easy to get the opening call folks come over to our website at TFNN you're gonna go into newsletters you're gonna see it right on the left hand side you just hit subscribe you get the opening call for one month for $149 you get it for six months for $6.95 which is the savings of $199 at 22% and you can get it for one year for $1195 which is a savings of $593 or 33% now they all come with a 30-day money back guarantee folks and when you get over there and you get Basil's newsletter what you're also going to get is approximately 10 to 11 archives great education huge education Basil Chapman what's going on? Hi Tom how are you? Hope you had a good yes I hope you did too it was great St. Pete had beautiful fireworks and I know Boston always does that's for sure yes fun weekend fun it was no doubt so what are we looking at? This is very interesting we're looking at the Dow and the Dow has come back from a very sharp earlier decline what I really wanted to focus on was the QQQ which is the NBX100 okay I'm over the last few days I've been studying this very carefully because we've had positions in the QQQ actually the three times long TQQQ a couple of times as well as one of the indices an ETF which is which has most of the beaten down stocks so I made a decision when was the last night I said you know what tomorrow morning and let me study the charts but if there's some kind of a sell-off I think the QQQ from everything I'm looking at the the index 100 Invesco QQQ trust series it looks as if from the candle the doji candle on Thursday and then a nice green candle and basically an inside day on Friday oh have I not got my charts up that was silly let me just do this if you don't mind I'll do as we speaking screen there we go screen click there and it's okay so I think you can see the charts they should be coming up in a minute and what we're looking at is that one of the techniques I use is I draw trend lines and if the two narrow little trend lines like a little mini channel yes I sure you've got that that becomes either a support I call a Chapman wave inside track support level or propellant range or repellent and every time we've got into this particular a set of lines declining trend line it's been a repellent but the nine period moving average the pink line on the left side the daily chart is starting to improve and it's got this W formation that has the potential to cross positive if it does that it needs very much to challenge and then take out this downtrend line little green line at about 289 let's call it 219 here we are 285 up 3.60 and that's going to be very important because it'll be the first time that it's decided decisively taken out this trend line that's really important and the magnies improving stochastic lagging the unbalanced volume has just now turned up so this is very early in this particular stage now the question I had recently was have I seen by signals possibly go to buy modes and then a failure pattern that didn't correct it itself and continued as a buy mode so that would be the case here in the QQQ if today's Tuesday if by Thursday we're actually trading at 292 to 293 then there's a really good chance that we've turned the corner here and finally the QQQs can have a decent bounce so we're fortunate in the position that we have today so far we're up over 3% and the general market is down and then there was another one I thought I'd mention this because you've got the tiger the end of the tiger dollar sale and I thought well I'll just show the type of work that I do so there's a stock that I've followed periodically over the years and then over the last week actually came up as something that has the potential to make a cup formation one of the patterns I always look at but no matter how I counted it on the left side was a peak B but inside at a peak ABC and even went to a D was a really nice candle and this is some opt-to-ink it's plant fruit based their foods beverages organic ingredient resourcing non GMO food products and packaging it had it once gone from the single digits from about one all the way to 17 back in February 2021 and then it just every month it just went to lower highs and low lows but this is the first time and I said to subscribers it seems to me this fits in the category of people who say to themselves hey this is something I want to be able to afford this is something I I have I've made a determination that this is in my food category or whatever it is that that pertains to their ecological look at things and I thought it could survive any very big appreciation in the as we've been looking at in inflation and this one says if this is a product that you use maybe you'll keep using it so we're fortunate we got a dip today we wanted it under 818 we got it 817 and here it is at 874 it's about six and a half percent up and this goes to the category for my subscribers that I have called screamers these are single digits stocks that we look at and we try to get them either on a dip or a gap up and then raise the stop as it goes up and and there's a possibility even that we don't cheat it as just a real quick winner but something that we can hold and this actually fits into the category if you see the weekly chart is trying to test the 901 $9.01 one cent higher of October of 2021 beautiful cup formation Magdeez good stochastic good so this is a stock that has the potential to go even higher but we wanted it to treat it first as a screamer and certainly up for us about 6% 7% now is very important and that's that's kind of what we're looking at so in the the portfolios that I try to give for my subscribers from opening call we can have triple digits stocks we can have things all over the range but like today I said we'll we'll buy a triple long that was on the queues and we will buy this one a very low priced one at 8 dollars and that's the kind of mix I like to have for subscribers and folks it's very easy to get thousands newsletter just come over to our website at tfnn and you're going to go bottom line under newsletters you'll see the opening call right on the left hand side you hit that button and you are off the races and I believe we still have the dogged all the sales up but it'll be down today so if you want to get some tiger dolls and save some bread this is the way to do it right here it's got to be intriguing watch this whole deal shake out with this dollar bezel you know I mean oh yeah the dollar as you know we've been long since 2018 at 90 this dollar the break this is like 17 18 years high and it is but it is I've called it a leg D in the day D leg D in the week only a leg C in the monthly and that implies it should still go higher over the period of 2022 well let's get we'll get all those euros together folks of the dollars at 121 where I think it's going you're going to get euros at 87 we all go the Amafi coast or wherever else you want for a very nice vacation for not a lot of bread man would be fantastic right actually it's a great thing you know when I go to the I haven't been for a long time but I'm originally from South Africa when I go back yes all my friends that go back it's like a 1 to 13 the ratio 1 to 15 it's I mean you can have a fantastic meal the Randall yeah he does with the best wine or whatever yeah wow okay man well listen you have a great one safe one of you look forward to show tomorrow Basil thank you very much Tom you too thank you stay right there folks who come right back we have it out industrials right now trading down 190 that is except 160 S&Ps are just about flat come right back