 The following is a presentation of TFNN the Tiger Technician Hour with your host Hazel Chapman call now toll-free at 1-877-927-6648 Hi everyone Thursday November the 4th this is the Tiger Technicians Hour tomorrow I'll be doing my show at 8 o'clock in the morning at Eastern Time 8-9 we're looking at the Dow right now down 21 at 36,135 not participating with the others are going to all-time high so far the day is yet 36,188 178 was the all-time high yesterday we'll just put that in 36,178 and it is a leg E could be a peak E today this is where you start to expect some kind of digestive phase but after this Pd if there is a really big move for leg E it can in fact especially when it's close to an instant restart it can in fact recycle to the upside I don't know if that's going to happen at this second we've got a lot of insurance now because we've taken profits from our long diamonds on the short term still have the core position from way way back month April of last year all I can say is within this context the only the notation of the Chapman wave and the on-balance volume being overbought are signals that there could be some kind of a digestive move here but today's young we'll see what happens by the close a couple of things that we have to talk about now is that if the S&P which has gone to an all-time high is still in leg D and that weekly chart is a leg E and the monthly chart is only in leg B having gone in two legs to the upside from 2191 back in March of 2020 to today's high 4677 basically a double right what we're looking at is how does it consolidate if this is the case and you remember I like to I like to talk about the market in terms of news and if the market takes any news that's out there as negative and starts to be wary and being nervous about that news that's when you see sell-offs and it can only be sustained you remember I was talking about this yesterday if the VIX index the volatility index is pushing much higher we're right now down at the 14.78 level and that's the reason why I was saying you can't really anticipate unless your timing is absolutely perfect going to something like it 200% along the UVXY something like that you just I think it's 200% you just can't do that because your timing has to be so perfect you have a little bit of room sometimes when you can go on the inverse in the contracts like it like a say the SQQQ which is three times short the Q's but they move so quickly especially volatility because it has to do even not just the chart not just what the charts are saying but it has human emotion multiplied and manifests itself with extremely big percentage moves in the volatility index so you just have to be very careful so what we're looking at here is the QQQ is only in leg C that means it should pull back so the S&P is very strong in this leg E which is very powerful in the S&P this leg C just as C has really become almost like a chaplain wave propeller shaft with this momentary one-day pause and you've got yourself a one-to-one move I've already drawn it in from the breakout of the falling X formation how positive that was but now we can do this you can actually do that go from there to there click on it get yourself new parallel change the color to pink and lo and behold what do you have you have a move that says 400 is a possibility we're at 396.15 so you could get a pullback and then move towards the three high 390s into the 401 area I don't know if that's gonna happen I'm just saying that's kind of one of the ways that I use measured moves and that would be a parallel I love the you see the whole idea of the chaplain wave extension is it takes the same number of bars or the same degree of angle diagonal angle to get there so this is where we are so so far that is look the on-balance volume is extremely overboard look at the relative strength I haven't seen a relative strength this this strong in the Q's in a very long time so so far the weight of evidence says that the NDX 100 trading vehicle the QQQ trust series is doing extremely well it's broken out to all-time highs way above the previous high that was the high that was made back in the week of the 10th of September at 382.78 it grows 14 points above that so that is really impressive action all right so it's it's gonna be bad news that has to take the market down not just a day or two but really holds it down and we don't have that just yet look at the IWM IWM the Russell 2000 became a leader all of a sudden was lagging lagging landing drops to the 223-24 area and the next thing you know boom it's here in all-time high of 240.83 in fact it's at the high as we speak it's up 2.22 so the ice is the Russell 2000 has become a leader so far these are these are good actions now let's go to the we'll go to gold gold has had a nice move to the upside very nice move 34 points up 34 is a 34 points down now 34 points up getting to the 200 period moving average of 18.01 and you remember this is one of those situations where it's in play but it's in play for these big moves in today and maybe for a couple of days and then reverses course if gold actually starts to trade in the eating trade and let me just hit it once but trade in the 1820s anytime between was coming Monday and next Friday so the whole of next week if it does that that is going to be very impressive because we just go to silver silver is also up silver is up quite nicely it's up 0.84 at 24.08 it was lagging gold still lagging and it needs to get to the 200 period moving average of 24.62 which is the repellent zone after it went there just slightly higher to the 24 what was that 78 no 24.92 level on the 22nd of October and a drop quite sharp to 23 coming back very nicely yes yes I had a question I can do this you can draw chapter we've inside track repellent zones more like a channel and it's just above it right now so that is a very big positive let's look at high grade copper quickly high grade coppers down at its most recent lows 4.34 did it 4.68 at big D chapter we've announced pull back very sharply now we'll be looking at is within the context of these different instruments we have to look at the dollar and the dollar had a really nice move it popped to a new recovery high after the high of four days ago it's trading at 94.22 in a range in the higher range the 94.56 p.m. effort on the 12th of October so quite a bit of a pullback but it's now gone right back into the higher part of the range EUR USD as we go to the break this is the Euro dollar dollars the generation that the year is DJ by this is the Japanese get all very nice the company I'll be back by mid 2014 are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market 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market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN dot com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors all now toll-free at 1-877-927-6648 internationally at 727-873-7618 Hi folks we're back just real quickly the E-Many S&P December contract has gone to a leg in the one-minute chart spectacular move look at the green all the way from the 200 period moving average at about 46 58 and now we're trading 46 74 and still green looking very nice now what's really interesting we've got this divergence the Dow's down five S&Ps of 22 I just real quickly in the den number of people have played this saga this is cassava sciences biotech congratulations to all of you it got stopped trading was stopped early on and then they had a release to say that there was no finding of I guess any legitimacy of credibility in terms of their in terms of some people had said that perhaps there was something going on but it was checked out and everything's everything's cautious and now we're looking at is it suddenly goes from the 50s screams up to a hundred point zero zero round number high it opened at 69 round number hit a hundred and now it's trading at 84 97 spectacular move there's a stock that hit 146 had a little bit of a cascade down to 40 and now it's trading at 84 double that so this is a wild one what we're all looking at is a couple of things going on here and I just want to get to them just to finish up because I've got a lot of a lot of questions came in about semiconductors and video about China etc so let me just get to this real quickly just want to show you the crude oil is pulling back from the intraday high we had a choice today we had a beautiful short position in the SEO at $1275 that's when crude oil was at about 80 feet 35 and we've been short right there so this is just off like a dollar dollar two off the all-time high and it came down it made the dreaded age pattern that we always talk about and it took it out yesterday was a huge move we did take a little bit off for a very nice game and then it hit at the close it was at eight let me just double-check SEO it hits 13 points I think it was 80 13.8 exactly so we're at 12 1275 I hope some of you took something off just didn't even have time it hit that and I thought well if it even pulls back a tad today we can take something off well we got out for the profit but nothing like it was I mean it was almost a 10% gain just days for this SEO and I should have said you know what let's keep that and and I don't mess around this you know OPEX got scheduled different conferences they're talking about this I just as an overnight position it's real tough so we'll be back I'm sure we'll be back I think crude oil has made some kind of a top here maybe I should have kept just a tiny little bit but meantime back at the ranch crude oil I think is in a failure mode on the short of not the the monthly chart is still at a leg D at an all-time high of 85 65 back in October it slumps down to $7.61 in April remember the fuses went minus minus and then it rallies back to 85 with 41 a week and a half ago that that's within pennies of the all-time high after three years exactly three years so I think it's having a digestive phase and I think this digestive phase could last a little longer because I mean everything you talk about when you look at oil look at this SEO not SEO meant to go to USO which the United States Oil Fund giving back almost all the gains from the intraday spike it made a 58.69 and then a 58.62 chapter of two bar reversal late October and that was at a peak F and it's gone to low lows and lower highs I think this is in a consolidation phase we might get back in but the best the best of the move we got that part of it now does it start a larger extended move to the downside or does it just chop around and maybe the USO training at 56 right now test 54 53 and a half and then we start moving back up I'm just not sure about that quite at the moment okay questions here we go FXI FXI is the China large cap ETF made a peak D top is now a down arrow for a cell signature cell mode in the daily week each hour cell mode monthly charge cell mode and it's at 40.32 off the heating 40 the 42s earlier on for that peak D chapter wave peak D turnaround and yeah I think it's in that consolidation phase a question I had about ooh let me just check here I think I don't know if I got that today is a question yeah I'm going to show you right here is Baba this is the this is Baba trading from a peak right there in the 180 81 area pulls back it had a huge move down going from Ali Baba went from the 300s down to the one 30 137 area now it's had a bouncer 181 is training 167 so this is within range I'll do by do quickly by do is by do same thing by do is just it's not acting all that well it did really well from bouncing off the 130s to the one 70s and our second 165 we'll have to watch this closely okay now let's go through the separately all the questions that came in could I look at let's see okay I got that got that got that I wrote you down yes Nvidia Nvidia is trading at an all-time high as we speak in leg C that's the reason why I said the semis you got to be careful don't think I'm shorting the semis because the QQQ is in leg C that allows the semis to be a bit of a leader here but the leader of all is Nvidia and there's only a leg C should make a pull back and then a leg D and then we have to assess so now what we're looking at is advanced micro devices are just gonna do this quickly this is now a leg D so this isn't that deep but huge moves to the upside so that says any pullback in advanced micro devices you've got that at 134 20 right now you've got that entire 128 to 118 area as support if there is any major turn down so this is a leader in a group that has been leading and is still leading the semiconductors question I had about where was it was it yes it is acting like a stream in fact some of these some of these stocks absolutely I mean you if this was $10.05 advanced micro devices at the little doji candle now it's 13.4 I'm taking away a zero that's a that's a screamer 30% in just a very brief amount of time so yes these are acting like that and I suspect they are now becoming very overboard that when there is a pullback from here the cues are going to be the cue because if the QQQ index 100 actually takes a deep breath and that deep breath takes the QQQ from the 397 is at the high all time high as we speak right now 4.12 there's that one-to-one was talking about if it takes it in this consolidation whenever it comes maybe in the next few days I don't know when it will but when it does come it says that key support in the 390 to 383 382 area that's going to be really important but so far there's nothing to see other than higher highs and much higher lows I just do as we're about to go to the break that SHW SHW yeah this is trying to get you know this show in Williamsburg products it has an opportunity of 370 to go to a little peak above the peak see you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex creditor in the trading markets and joined the Tiger's Den trading room only at tfnn.com the Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with these sharpest minds in the trading world subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day subscribe to the Tigers Den risk-free with our 30-day money back guarantee 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art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com folks we're back and as I was saying as General Williams trading at 317 if it continues like this if you go one penny above the 323.82 all-time high that was made on the 28th of October and that is solid egg D after this isn't the paint paint products and it loves green not only that you know I suspect this particular area should still be doing well under any condition all right let's go on now questions that I had was snap someone said is this an opportunity to get snap no I wouldn't be touching things like snap this is yes it could have a balance but whatever it is that just tanked it from the 75 down to the 50s it's not showing any sign yes a good start and you move to the upside rather wait and see higher highs and higher lows rather than grab a falling knife my question I had about where they wrote it down wrote it down yeah Microsoft is Microsoft what is well do you think Microsoft will continue to be a leader well Microsoft is trading at an all-time high as we speak in late E 335.78 so I I was doing to my son last night about this and say it's so interesting that the oldies the ones that go back to the crusher the 2000 high when eyeballs with it were king and the dot-com bubble burst was they you know Qualcomm and Microsoft was there Adobe was it these have all recycled and become leaders in fact they've morphed into leaders they were leaders then they became obsolete because the technology they just weren't keeping up now I'm talking about now meaning in the last five or six years they have read this this is a different company all together Microsoft and as leading is leg E daily leg weakness leg D not these they did looking absolutely great Qualcomm spiked high today to leg E it's giving back some almost at an all-time high I mean I don't if you remember but Qualcomm was back in 2000 there's also I don't want to waste time on that but in fact everybody's looking at Qualcomm and then it just absolutely tanks so this is very interesting because all this become new that's really important in this game because it means that leadership that has been through cycles before ameliorated all the vicissitudes of negativity by having morphed having recreated products that are absolutely what's needed today and that's and that seems to be working alright so I just wanted to mention that a question about where did it go okay wheat that's wheat wheat is up there it's near the most recent highs it's holding okay it has made a peak E and it could be pulling back a little bit but it's holding near those highs soy beans soybean is just acting so poorly has been acting poorly for a while it's the lag it in the grains it's got the arch formation and corn corn has made a peak Dean I think it's starting to pull back and I suspect that corn it will digest but with making the five is a 561 to 554 that 200 no this is the 14 period exponential moving areas key support on any further pullback so and that's that is impacted DBA DBA we are long DBA that's holding quite nice is up for since the nineteen point 48 look at this look at how many times is called the chapter we've inside track repellent zone look how many times this has been repelled in that track is that incredible arm we went to a peak E way back in I think it was May this is check that yeah May the week of the 7th at nineteen point 36 take a tumble down to the 1750s and then start a move peak a great peak a great peak B C and then it makes a D right on that trend line and then it pulls back shock you to the low 18th then it comes right back again goes to the trend line pulls back and now it's making higher lows but just nominal higher highs I'm expecting the grains momentarily and just spike to the upside or they could just continue going inside with being repelled by this line the more times you hit it the stronger it gets until power you break out and then all of a sudden you've got this tremendous well rehearsed reversal area becoming your support area so we're going to be watching that for the grains DBA DB agricultural fund another question ahead was you had met visit you had meant I can't find I just have to do off the top of my head you had mentioned TMO the thermo Fisher a number of times as being a leader for years and years I can't find it just what's your assessment now that basically that was it so TMO TMO thermodynamic we got long back in June of this year at 484 taking a little bit off on the way up made an all-time high even today it went to 642 point 52 fractionally above that PT so many of these so many of what I'm looking at have made these and ease and then the ease is slightly high a lot of what I'm looking at says we could really have some kind of a pullback it doesn't have to be a major turn down as soon as these highs are completed and one of the reasons is look quick DJE at all-time high wonderful stocks that make all-time highs in a my rural thumb is they tend to continue making highs stocks in the all-time lows tend to continue making lows so these are at an all-time high I going from 84 484 to 643 that's a really nice gain in the stock that's up in the hundreds so we've I'm not doing anything with this we just watching this at this particular point not interested in shorting and not interesting adding at this particular point so I hope that answer your question let's see we've got a question here can you look at Nvidia can you please tell me what leg we are in in the five-minute chart hey yeah yeah yeah we go and really so folks if you're using this technique that I have to have me a methodology it doesn't matter what the time frame is the pattern works I just have a tough time when you're dealing with something that has all these digits after the after the point in other words when you're doing the currencies it's really difficult you want the five-minute chart it's really difficult to go 0.465 going to 0.464 and then I got to see whether I've got a peak or not or when it's all that's where automation is fantastic as Steve Rose has done quite a bit of automation with my Chapman wave and Bravo to him it's just that I do it by eye because they are just a couple of rules that really can change the count and if you can do it just visually very quickly that's one thing in V in VDA Nvidia so let's just do this we're going to take the most recent low that's this low right here and that's the low at 2 a.m. this morning really no to 2 p.m. yesterday I don't do after hours so this is a a b c d it's just making an E right now in the five-minute chart it's still very strong the magazine is good sarcastic flat in 92% remember Friday's good on balance volume says getting a little bit toppy be careful it could be we could see a little bit of a pullback but nothing yet and the pullback has a 265 25 it has to 82.87 that's the 9th period experience green 9th period experience moving heavy and to 80.68 anytime in the next 35 to 40 minutes if there is a close below 279 30 says in videos it'll be taking a break but that helps you might be back in a moment are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes 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the technology sector has to offer try at risk-free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade l a b u or l a b d directions daily s and p biotech three times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866 4 7 6 7 5 2 3 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv our boats were back basil chap and tiger technicians are down down 50 s and p is up 20 this is a divergence that I was looking at and saying well we've got to just trade there to subscribe we're just gonna be trading this divergences we'll see if that's going to work so zilla I made a peak t just under the 200 period explanation moving average it once hit two it was once a 20.04 back in March of 2020 ran up tenfold to 208.11 the peak f I'll turn and count peak f in the monthly chart pulls back leg so this is trough a trough b now it's in trough c has a gap down and it goes from just recently 103 to yesterday's low in the 64 area and it's trading a 69 right now bounce back of 2.76 what I'm looking at here and a question came in have I looked at it in great detail yesterday but I'm gonna do this again today the move down in zilla well first of all I mentioned here on air uh-oh the word flip zilla actually use the word flip in their official announcement they said we are going to start flipping houses that's what they said I think I cut it out put it somewhere I don't have it in front of me a moment they they said that I said oh no I mean they have such a solid business they're in an area of analysis documentation how wrong can you go people want that people want that all the time now they're going into bricks and mortar what on earth are they thinking um however that's not my business it's their business and then they announce oops it was not just oops it was a very big oops and we're going to get out of everything so that basically says zilla as a company is capable of making an indirect decision that is monumental to the to the characteristic of the original premise of the of of the company and therefore it always takes a long time to correct that kind of thinking but you don't correct it by having the same people in place you have to just toss them out and start new the same people are now going to be convinced that they've got the new plan or so all I can say is zilla I would not touch zilla you want to trade it that's different obviously is an oversold balance that's one thing but as a product as a company as a z from HZ a which we own which is Agilent which has had a tremendous pullback after a massive run we've been long since right here in the 70.69 area and it's gone all the way to 179 and now it's absolutely struggling it's gone from 179 to 146 Australian right now 157 but it's still a great company Agilent technology scientific solutions for that they did everything right there now I think they just out of favor because this is just not what's working in the market I don't think there's a fundamental flaw is this a peak B in the monthly chart or is it something else that I'm not seeing I'm going to call it a B for now but this is a big digest this is very different I'm just going from A to Z the only reason why I picked up Agilent so all I can say is I'd be really careful you want to play quick ones even maybe options absolutely go ahead but as a company I think there's a lot of backing and filling I would not be surprised if in January we're looking at this having just stored and gone sideways and perhaps in the early spring it starts to have a decent rally again every I mean a sustainable rally but this is just wrong thinking how to at least they admitted it got out of everything probably this is the time that they should be doing something but now they're not okay so let's see what happens so I have that answers a question yeah I think there's more to come down Dana yeah this is a dead count dead cat dead cat bounce but that's not the point it's the wrong thinking yes it may repeat D and all that stuff but this is the Eiffel Tower straight up straight down pattern I think there's a little more damage to come for a zillow but it doesn't limit the upside and if it even but I mean percentage rise if it goes from 70 to 78 that's a nice percentage I'm not saying that all right NOC question about NOC NOC is Northrop Grumman you see oh I had this notating that I lost it one day and I didn't now have remembered every single couple of minutes I'm saving whatever I can and that's been tremendous because yesterday out of the blue it shut down wasn't election I don't want to do I did it but it did as the North North North Rupp Grumman hit the 408 409 air with the doji candle peak D plumbers below the 200 been moving average to the 350 level it's very 355 I'd be real careful we had a GD which is general dynamics and it had a spectacular move I mean it had the move even before we got in but we got in at right here at 199 back on the 7th of October just a month ago less than a month ago and it ran all the way to the 210 211 that's a nice move and then what happened is all of them got smacked over here with that big candle down so we we're taking profits and we're out of it completely now I just and look at this checkwave inside track repellent zone you've got repelled there I'd be careful of anything to do with defense just at the moment I suspect in probably maybe January February maybe they start coming back again maybe late December but at this particular point they really have been smacked quite hard a question came in here let's just see go back here I still have an Nvidia Nvidia okay so it's gone yep I'm calling that now a new leg F gonna be watching this Nvidia is doing fantastically okay next question yes I could you could you you mentioned the other day Pfizer as making a PD where is it now well now it's trading down a dollar at forty three point seventy feet this is how powerful these PDs can be I'm putting in a down arrow right now I shouldn't do that now price wise I have to it could bounce but really it's pulling back quite sharply murk as well so what I was doing is I was looking at that these as possible defense start defensive not defense but defensive stocks murk is the one that's really doing spectacularly it's at 90 right now now this is an all-time high it's broken out a B after even considered this is now just a new leg C in the monthly chart murk is is the leader out of the two I mentioned I would tell you which one I thought was better at the time of that milk was doing very nicely yes but look at this quick peak D pulls back for a bar and then goes to leg D this is what I'm saying I think that a leg E and this is a recycle but it can't there's no other ladder so that's why I'm saying I think we're getting real close to some kind of a pullback I don't know what it'll be but I think some kind of a pullback is get you yeah I I know I'm sorry we got stopped out by it like a penny or two out of our SEO and now it's up in the 1325 area it just all moved to quickly that's been my contention that these move so quickly basically I know what I should have done should have could have would have not the issue we make very nice money we'll be back in something like this you'll see don't worry about I'll be back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basel Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basel Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com educating 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Petersburg Florida your investment can be anywhere from $100,000 to $500,000 you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured tiger first mortgage the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com my folks we're back final segment and don't forget tomorrow I will be doing my show 8 o'clock to 9 o'clock we record and play at this time so you're ready for that and the other thing I want to say good great programming coming up go to every piece of enter you've got Steve Rowe you've got then you've got think or swim with Kevin Hinks then you got Steve Rose, Dave White and Tom O'Brien check out my opening call my daily newsletter the dial is down 78 down 80 points right now so just based on the Chapman methodology we've taken some precaution right here we're watching this closely to see if the Dow does have some kind of a pullback needs bad news to really cause get everything going there isn't anything right now so just purely based on this particular technique we'll see if that's gonna work the S&P is still very strong but it is in leg D the QQQs that's the one that says you know what together with semiconductors there could be enough residual strength to maybe pull back maybe even it can't be fighting back early next week and make some kind of a top and then pulls back a little bit but as long as there isn't news that affects the market that makes the volatility index which is at 1507 go up into the 1680 1750 area and then hold at the close that says things are okay right now so based on what we're looking at it's very selective that's why we're still looking at long positions we missed one earlier this morning I gave it until 10 minutes past 10 to get otherwise I'm not interested so be very selective here on the long side getting close to once again start looking at potential shorts haven't done that in anything other than very selective areas so and watch crude oil because crude oil did exactly what we were looking for I suspect crude oil is going to make an arch formation and continue down the lower over the next coming days we'll see what happens there have a wonderful have a wonderful day I see you tomorrow early in the morning eight o'clock hope you can be there and say to you in great program coming up and have a great day