 The following is a presentation of TFNN The Tiger Technician Hour with your host Basil Chapman call now toll free at 1-877-927-6648 Basil Chapman here on this Monday the 4th of April my pleasure to be here and we're looking at the Dow down only down 18 and 34,798. I think in the very shorter term The Dow is just digesting the very big gain it had essentially from a very last not the 33272 low of February 24th, but the Low that was around about the March the 7th and 3578 that's where this extension started to come up and We hit 35,372 and now I think it's going to be good But now we've got some new leadership at least at the beginning of the week and that leadership we'll talk about in a moment Well, let's go to the Parameters we're looking at within the Dow if the 30 I Said to subscribe to my opening call 34,950 or maybe 970 to 35,050 or maybe 70 that area is where there should be a lot of Resistance, we've seen it before we saw it when we stopped dead on that big spike up over 35,000 to 335,000 35,372 That really big sell off on Thursday Assessor baited by many fund managers saying hey, this has been good. I've just got I've got to take some pride I've just got to get out of something and they just increased the selling pressure right into the clothes So Friday's action was just kind of okay for the Dow today's action is just okay What we're really seeing is that the SMP is now so the Dow used to be leading now and then the SMP and then the Index 100 and then the IWM the Russell 2000 and now what we're seeing is The SMP the Dow is a little bit weaker S&P is a little stronger up 14 and a half at 45 60 It needs to get to the 45 95 40 603 level Sometime this week without breaking down below 4500 Let's see if we can do that then comes the QQQ. Well, look at the QQQ today The index 100 is up sharp needs up 1.2 percent up 4.37 At 366.21 this is the area that I've said to subscribers. We're gonna focus on this area for now We've got a lot of commodity area type Sectors, let's see what what can happen in this particular phase because it has to be a catch-up and I didn't want to be Beholden to a particular stock. There's some stocks in the index 100 that have just been Absolutely decimated on the way down and we're ready for it Not just a good bounce, but at least The chance of an intermediate term move to the upside. Maybe it's just percentage terms. Maybe it is In time, maybe it's a combination, but I mean, let's just go to square I mean square is up to day eight at 141 up 6% That went from 289 in August of last year To 8272 the low of about the 23rd 24th of March of February So this peak D with the left side right side price time matches really good I just didn't want subscribers to be beholden to any any particular stock that looks like it's doing great and Suddenly another shoe drops. I'd rather have the composite in other words the index 100 to go to the upside and Yes, you give up some of the gains because you're not getting individual stocks can really fly But I'd rather take that chance and be have a little bit. Let's see what DocuSign is doing DocuSign Struggling yes, it's peak A peak B peak C. Oh, I thought I finished that Let me just do this right here for those of you are new to my work identify the lowest low bar County successively higher peak. It's gone from DocuSign DFC you go from 314 chapwave to bar reversal at the top back in August of 2021 And what does it do? It has a little bit of a pullback It comes down to where it comes down to 71 round number low It's trading now at 111 40 points I mean, that's what 60% gain but a 60% gain after our whopper of the loss But even here you don't know what the next year it could there be another I don't I don't think It's going to be the kind of selling spree we've had but certainly you could pull back and then stall So having the composite I think is making up for at least It gives a little bit of a sense of comfort because you're not as I say beholden to one or two stocks So the IWM the Russell 2000 Week down 72 at 206 we've been watching this to see whether Very often as the year ends in the beginning of the new year starts You will get a huge rally in the small caps the Russell 2000 Well, even the 3000 the I shares Russell 2000 IWM ETF and It's done very nicely to get to PD stalled right at what the 200 period exponential moving average right there 211 point 48 and We're down a two or six a lot of work needs to be done. I think it's going to be time Maybe the price is kind of not as much price to the downside from here, but maybe it's time All right, let's get to the nitty gritty gold Gold is up nine at 1932. There's a pattern that I talk about a lot It is this pattern right here if I can find it we have to go No must be it has to be there Let's find it Yep, there it is So I only look at basically three directional moves one is straight up and straight down Here it is number one The other is a cup formation. It could be a V shape formation basically you're going from one point down and then back again How does it deal with the left side high or it's the left side low when it's an art formation Green when it's up going up and it can take out that left side high That's the reverse Y pattern, which is really positive if you break out significantly on the downside The dreaded H lowercase H But that lowercase H if it holds the left side low even if it goes under it forecloses above it It can meander and go sideways in a kind of a rectangle formation and make a second option I call I call the lowercase M. So yeah, you are you've got Eiffel Tower straight up That's the a a pattern right there. I'll just make it a little brighter so that you can see a Pattern looks like the Eiffel Tower Then it finds a base and then it tries to read and it goes to a peak B and it fails a and a B Pulls back breaks to a new low, and then it tries again. He has another a this is a for this particular little Diagram I'm calling this an a again a gray a All right, so yeah gold is acting well fabulously in fact considering what it did going from under 1700 to 2070s, but now it's stalling because most of that Most of the fear factor where gold becomes the icon of fear is Kind of subsiding just a little bit, but it's still elevated and that's exactly I'm talking about human nature, and you can see this is the price point of human nature in gold and it says I'm still watching gold real closely, but right now. It's just it's just in a holding pattern So the same thing not quite as the pattern is not quite as good as the as the gold It looks like it wants to retest 24 27 level of the 200 period moving average at 2448 down a little bit more like an arch The dreaded H pattern and it's being below the left side low a couple of times. We're gonna keep a kudo Kudo is up people nine four one or three twenty three good action, but in in a way 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 newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis In our gear to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at TFNN comm TFNN educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The TAS profile scanner is the premier market profile base scanner powered by its acclaimed TAS proprietary Algorithms this feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time you can save $100 off your first month by using the promo code Upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the TAS profile scanner which you can find under the services tab at TFNN comm Sign up today 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 Toll free at 1-877-927-6648 Internationally at 727-873-7618 Everyone bouts a trap and we're back Couple of things I want to just look at you because a number of people who ask what are you going to be doing in your webinar? Well, the question is Can they be higher indices in 2022? Can they be record highs and? I'll be discussing that in great detail. I'll be discussing The selectivity that we're looking at what it would take what is going on as far as I'm concerned just in the in the way I like to look at markets and Which sectors are working? Well, which sectors could come under pressure They had a statement in the den folks try out the den is really a terrific medium What we're looking at here is I just did the This is a continuous contract of the you wouldn't be trading this business what I'm using right now of the Ndx 100 and you can see that the one minute chart made a peak E. This is that right? I always like to do this. It's really a good way to Assess and I'll be talking about these techniques when I do the webinar Look see this high that was made yet peak D in the chapwave and the chapwave always looking for at least four higher peaks This is the second peak D in a row Usually you don't get Thursday. You've got to be careful on the second one and look the MACD and stochastic I started to pull back look at the difference here when they made a slightly higher high at 15,000 and 68 at about just after about 10 10 12. Let's say and I was pulling back It's not breaking down. It's just pulling back in the one minute chart two minute chart made a peak E and this basically looks like Like a rogue wave in that it made a high and it looks like it was pulling back And then suddenly there were just these couple of bars They went pop to the upside and then failed and you were back to the down mode And that's just the one minute chart, but it's still only a leg B a peak. Sorry peak C in the Five minute chart. So think of it as like a like a daily a weekly and then monthly So we're in C in the five minute chart and only a B in the 10 minute chart So it could have digest gains and maybe start up again. This is the NQ Okay, now, let's get back to our story. What we're looking at is a crude oil has held very well after these Huge spikes to the upside starting about the 21st of Feb got the whoppers and then finally it goes to a high on the 7th of March That price could change because it's a continuous contract gets moved down. Yep. There it is now the highs 129 17 This has changed the price nothing changes except the price because it gets smoothed out one two nine point 15 All right on the 7th comes down to about 91 92 and then ready sharply to the 117 ish area comes back down holds the 50 period moving average Remember, you don't need these moving averages until you need them. We need them right now We needed them the last two days because they touched it twice And it's not moving up a little bit the Mac these weeks the casings very weak on balances is weakening And the nine has just crossed under the 14 so the big question here is wait a minute with everything that's going on with the talk about Using up some of our reserves what a million a day or something like that. We're going to be adding We're looking at least for the month for the shorter term Amelioration of the tension in crude oil. Well, if you look at crude oil weekly chart gave from 60 Some months back to the high of 120 that's called 130 just in March That is a huge move you can see a consolidation But until there is a move back under 87 85 somewhere around there This still remains elevated and you've raised the base of support. That's the way I like to look at it However, based on the candle this long wick in the monthly candle for crude oil spiring up to that high of about 130 in In March and then pulling back and closing with like a like a hammer inverted hammer candle Moving up is is going to be important. I give it the whole of April to say on any two days I would say a week, but a week could be I'm talking about a week But you could get that in happening in the daily charts. I'm not going to go to the week I'm going to say if any two days Out of three it doesn't have to be consecutive could do it once and then stop and then the next day It doesn't again if there is a close above the halfway marker in this candle right here It's called 112 We're at 102 you could do that in a second, but if that you just say that again 112 I'm going to the wick Yeah, let's call it 113 if there are two closes within three days above 113 In crude oil it means oil is still in play. I think it's going to be in play I'm doing about the shorter to more kind of a little bit intermediate term to about weeks in other words That's going to say be careful because stocks like Exxon came out with earnings. I believe today It's down 42 cents and 82 70 All of them have had that big spike to round about the 7th of March and pull back if you look at chevron cvx Same thing. It's more like it looks more like the crude oil actually looks more like the gold chart So cvx is one of the better ones in the multinational oil companies So if you're looking for a play in these You even have to scale in and the came the question over the weekend. What do we do about these multinational oils? As far as i'm concerned i'm going to do it just purely on Chart formation and history. I'm not going to say Geopolitically there should be a huge further gain in oil We just don't know because we don't know who's going to produce a little bit more who's not It's kind of complicated and the patent says it was easy Now it's complicated because it sideways in a rectangle formation in my rule of thumb A rectangle formation can last a lot longer than your patients unless it's a wide Um Rectangle that is not the narrow long one, but a wide one This kind of fits a combination And it's already made the arch formation rather than the stair step move to higher highs to a seed stop That be underneath the previous high all I can say is chevron is stuck in a range But this is one of the better companies if if you're looking if you're if You're in leg d already in the monthly chart. That's the objective in the chaplain wave methodology So, um, it's achieved everything you want and the e e p e with four bars of consolidation so far in the weekly says The upside could be limited because it could just be momentary hysteria because all of a sudden everybody gets nervous because of whatever's happening But if you look at the pattern it says there's been a decisive Weakening in the technicals Yes, it did fill in the gap. This is chevron and the one the leading multinational oil companies and therefore There's a better chance. It's going to retest the area of 155 Which was what was right 26 was alone the 15th And if at 163 if it closes under 160 any time this week there's a chance it'll start to arch over And that's where I would start to want to start A three position entry point if you're interested in chevron and in the you'd have to you'd have to Think that it maybe is a successful test in the beginning So 153 is the level we're looking at I'd say 157 if you haven't got any you could even nibble here But that's just a nibble that's different altogether to planning a move that says chevron later in the year should go higher So if you're thinking that way then I'd wait in the 157 I would it's only five points down. I would start the position, but I'd prefer Um that I got that position and then I'm running strongly because if it starts to break and go to the next level That I'd be looking at which is at 151 If it takes that out the next you could go quite a bit low So I would say I don't start a smaller position A little bit lower down the full points maybe five points and then you have to test how much spread this level I'll be back down to 15 Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join 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 the sharpest minds in the trading world Subscribers to the tiger's 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 as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor. You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading master system 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 charts allows you to scan thousands of stocks for fibonacci Formation setups including guardleaf abc's butterflies and much more The art of timing the trade charts 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 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 So we've got leg c in the e-mini Uh, he has a five-minute chart using the chapeau wave automated every support resistance lines And what we're looking at is right there 45 61 will be the next area of resistance And I had spoken about the nq continuous contract. I had questions about that You see the five-minute chart is 15,059 resistance and in 50,068 that was peak c in the five-minute chart Over a period of another what are we doing at by the end of the end of the show We'll see if we've actually been able to make that leg d But that'll only be a leg c in the in the 10 minutes Remember what I'm going to be teaching in my my webinar coming up on a week from wednesday April the 13th for subscribers to my opening call is how do you use How we how we so successfully use the smaller time frame That gets to say a peak d What is the next time frame if you're in the daily? Where's the weekly? Is the weekly now building strength isn't saying hey, I'm only in b I could still go to a c or I'm a I could go to b and that's really important That's how you can stay in positions much much longer But it also allows you to get out of positions when you start to weaken now. Let's go back to So I'm done with that with the whole chevron thing a couple of questions came in Could I look at ung and that's you could ung ung is trading it just had an alternate count So it's peak a peak b peak f slash c. This is leg d It's gone above the rectangle formation. Remember my rule of thumb in the rectangle formation If it starts to make a lopsided gravy cup pattern, you can get a left So I had this written in but it wasn't probably in the in the contract itself This is the way I would have been looking at this To see a left side right side price time match Let's see if we can get that here. That's red and this goes green And I'm using not the fulcrum from the bottom the plum line because that's way off That's that's the gravy cup lopsided cup formation. So this is where I'm going from this leg d right here And that takes you to it takes you to The first of april to break the the high of umg which is united states natural gas fund the high of the second of february 1950 Well, we did that a day before and now we've gone a little bit higher What's the rule of thumb in this in this huge rectangle formation? You remember I actually I had already drawn this in let me just make this darker So you can say well, let me make it green like I usually do this is called the chaplain wave inside wedge target resistance line and that said It extends a little bit further. It says that yep by Friday you should be taking out that left side high of the second of Feb and that's exactly what it did And you got the magnate strong stochastic spread at 88 percent nine's way over the 14 period moving average But the the wide rectangle formation if it makes a lopsided cup and starts to make higher highs With a stair step move Constantly cheating some areas key support. Look at this 14 period moving average broke it Closed under it twice, but closed above it all that other time That says it should take you to just under Right on or just above the previous high and then be careful because you could pull back into About a third or maybe even a half of the previous rectangle formation So we're going to be watching this But the left side right side price time match of the weekly chart of ung with the high of the 8th of October at 2210 Um, let me draw that now Let me just to oh, I already drew that in I drew the uh This is chaplain wave inside. I'll also teach you how to draw these inside wedge target resistance lines on the on the way down They are target support lines And styles usually dash green on the way up and that says I don't even have to look at the bottom I'm just going to the top and I'm saying from this level on the left To that high and to this place on the right right there What what what have we got? We've got the week of You got the week of the 22nd of april to get to the high of 22.10 and we're at 20.20. That's a whole two points. That's it's a big move But anyway, that's what it's looking like right now And I can now make an adjustment Oh Yeah to that. All right. There we go. All right. So we'll see what happens meantime back in the launch key support in the 1910 to 1875 area a question came up. Where did it go? Oh, thank you for that statement that was uh Yeah question about the comp question. Oh amazon a rectangle formation You know, I did this when gt when you sent this over the weekend. Um, I I don't see the rectangle quite maybe the way you do it, but I'd like to do this amazon straighting up even after the vote To unionize and what was it one of the one of their facilities Oh, I see what you mean. You mean this kind of rectangle here. Yeah, I I agree with you in that regard But there's a rule of thumb that I have another rule think a lot of thumbs And that says Within this context when you get a dreaded h pattern that gives you a buy signal to buy mode Which basically the mac deans stochastic did There's a good chance that the arch formation then becomes it morphs from a negative to a very positive level of Upside action and that takes you to like this So amazon trading at 33 25 up 54 right now It did get very close to the left side high that I would have I would have treated as resistance at 34 58 We went to 34 twin 34 16.63 on the 29th of march in the daily chart we've pulled back It is a peak c the the stochastic went back under 80 percent I don't usually like that. I I don't like it if it's very quick like here We're into a peak d and remember I spoke about this in the chapter We methodology if you've had a very sharp pullback and whatever you're following If there is just a very quick peak a to a b to a c and a d And when you look at the bigger picture, it is just a really it's kind of a pathetic rally Be careful because you could pull back and retest the low You don't have to break it significantly because once it's gone to a d It's used up a lot of negative and positive energy. It's more just the arch formation Well, lo and behold, we went from the low of In amazon you went from the low of the 24th of jen 2707.04 All the way to peak d just under the two orange 200 period moving average right there on the 9th of feb At 3270 669 and what do we do? We went down just below that low of the 24th. I think it was and that went to 20 2671 0.41 So this is this is a brand new by mode We're in in place here. There should be some way it should squeak I don't think it's going to be a breakout yet, but I think it will squeak to the 34 17 or higher area and that'll be leg d Okay, if you look at the monthly chart, I there's a pattern now You can read books and books about this expanding wedge formation. I couldn't even tell you how many expanding wedge formations We're spoken about spoken about spoken about in this huge negative way And then over a period of many many bars It just disappears as something to consider and this is typical. Look what happened It makes this pattern a low lows lower lows higher highs higher highs and then what does it do? It has this magnificent rally from under 2700 to uh To almost 3400 So it's almost negated this pattern So remember this like it's like a head and shoulders by the time you recognize the head and shoulders It's too late use other patterns to confirm And get in earlier for that fact I'll be back in a moment does down 10 sbs up 19 Let's see where the qq curious because that's the one of your favor right now The whoa big move almost up five 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 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 to all areas of the market before you make one of the biggest decisions of your financial Future call tiger real estate llc today at seven two seven three two nine 83 22 or email us at tiger at tfnn.com that's seven two seven three two nine 83 22 call us today The technology around us is changing every day with so much happening. It can seem impossible to keep up with all the information David white's investment newsletter the technology insider Is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it 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 labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.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 eight six six four seven six seven five two three 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 four-side 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 and hit watch tiger tv Folks we're back. So let me just get to some of the questions here I'll just go and order that I can see CLF one that we've liked a lot. We don't actually own it right now CLF is Cleveland Cliffs Inc federal steel iron ore pellets Uh, this is a leg d in the monthly chart peak c already in the weekly chart in the rectangle formation broke above it after being in that 26th area To the 20 to the 19s for a long time for since last Oh, you can go back even to to summer of last year And it finally breaks to the upside like a one-to-one to the upside Holding really well because my fear always with these patterns of the rectangle is it can break above And they're very often like the IWM it goes zoop right back in again to the rectangle. So this goes Cleveland Cliffs I like it. The big question is To add to add or not to add yes to be or not to be but to add or not to add If you've already got your position I think because of the rotation that I'm looking at right now It's holding well I suspect even if it goes to from 32 oh four clf is a symbol down 33 cents today Even if it can get to the 34th I think it's coming back to do a whole bunch of testing in the 30 32 and a half to 30 area So if that's the case, I'm just going to say hold off now that another question someone else asks is Do I take some profits in clf? And I'm going to say if you've had really good profits Money management suggests Yes, take a little bit of just to make yourself comfortable. That's all not to say. Oh my god No, it's a leg c a peak c in the weekly chart It should still try to get to a d I look at this as a magnus strong 95 percent in the weekly. You've got a chaplain wave squash formation That's where the magnus Just rockets to the upside with the stochastic with the price and that says very quick peak a to b to c And then you might take a little time before you get to d So i'm just saying for money management If you're just a little uncomfortable Take something off if you're looking to add to it because I think steel Is the big is this a late cyclical so that the steels look that they do really well But it's almost the end of the run they do that very often historically I'm I'm doing my assessment here if you look at slx, which is the steel Van Ack vectors etf would have spoken every web and I ever talk about I've had the steel that we've spoken about it has gone to that leg c in the monthly chart And a peak c in the in the it looks almost the same and it looks like in like cleveland cliffs Holding in the pattern right here To you Do you add or if you're not in at all do you buy I think that you just if you haven't been in for the big move up Why not just hold off? Because everything that's going to go up from here. I think we'll come back and digest gains in the steel area New month mining is a new month and a new core. That is What i'm going to say is Why don't you have patience if you aren't in it you're waiting to buy rather Use and that was cleveland cliffs clf. I would just wait Preferably it's a big deal. So you you you start a position 10 percent lower That that is that is a big deal. But if if you haven't got anything You don't have to wait for uh 29 to get in As it's pulling back here. Let's look at it together But it needs to test the 14 period moving average of 30.47 and if it closes under it I suspect that steel stocks are going to have a slightly longer time out Uh, but still holding very well almost like the oil like the xle another question came in xle Well, it's almost the same pattern. You've had your big rectangle formation You started to move towards whichever way of stair step move to go just on just under or just above the previous high In the xle which was uh march. I think the seventh Was it march the seventh yet march the eighth at 80 point 22. I may as well put that in because i'm always going to be talking about it eight 80 point 22 on three eight 22 And i'm going to make that read because it's still in a consolidation phase in the daily. It's a weekly pd This can go on for a little bit. So what i'm saying is I would I would treat them all together They're holding extremely well, which means that over the period of months We've got to look at these as potentially going higher the whole energy sector But on a short-term position if you haven't got anything Where do you get in that's what we'll be looking at and subscribers as well. We'll be looking at Getting back into some of the oils that we hadn't gotten to before next question is vst Vst is um Vista core. I vista core electric power business. I didn't have a chance. I did this last week I just finished some of it right now, but I did the notation haven't done the weekly Oh, it's trading at 23 36 down nine cents It's making a higher highs and higher lows with interact angle formation I I think for a dividend stock I like this when I get it Now when it's just about to start bumping into resistance have it. Let me have a look at my chairman. We've automated Uh resistance levels vista vista. I keep saying vista vista 24 06 is next in the weekly and it's a 23 38 Then nothing in the weekly 23 56 23 64 in the 120 minute chart and you can see I have no support levels So previous resistance becomes support I like it and if you treat it as a dividend stock figure out the dividend And then proportion to get into your risk and you could I would start my position here in vst For the for the questioner And on this one I would have just because it has a dividend just for the moment. Let's give it a one point stop 22 38 will be the stop um, I think 22 yes 22 38 and uh, let's follow this one again a little later in the week Um, not the big position, but just like a starter position Okay, a small starter position. Let's go back to another question moz That's mosaic mosaic is the mosaic company potash phosphates fertilizers This is a little different in the sense that The area of potash and fertilizers I think that demand is going to be there for quite a while, but it might only last Part of maybe this this summer. I don't know. I need to figure out when All of these really come to fruition. I suspect if it's fertilizers you have to use up the summer So I like this very much. I also say it's in a digestive phase. It goes into the same category But it's a little the sector itself is different. So in this particular instance I would think of it's the question was Do I take profits? so the question is Oh, I can't find that right now, but I believe it was do I start taking some profits and I'm going to suggest yes Why because you've been this in a long for a long time. It's at a fabulous move It's now digesting gains Just for comfort and money management at 66.43. I take a little bit off. Would I get back in? You watch this closely because if it pulls back and it goes and it closes under 64 30 Then I think you've got yourself the dreaded H formation and just says it could be a test of the 60 or 59 area and You might want to think of adding that back Oh, you know, even if it's five points down if it's part of your portfolio And you've had a really good gain and you're actually taking some off for a really nice gain Putting back five points later means that you've got a good comfort factor So that's the way I will look at a lot of questions. Oh, we've only got one segment to go I will be back to the Tom of Blind show at three o'clock and we can some of the questions sent to me and I'll talk with them I want you to look at I'll be back in a moment 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 basal 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 in stock prices get the opening call newsletter by basal chapman and 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 investors Are you looking for a secured investment which pays you on a monthly basis The tiger first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bankrate.com is paying 1 per year or $1,000 per $100,000 invested The tiger first mortgage program pays 7 per year paid monthly on secured high value buildable properties in st. Petersburg, florida The investment is for four years paying 7 per year or $7,000 per $100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 dollars invested or 7,000 per year on a secured tiger first mortgage The tiger first mortgage program may be just the program for you The tiger 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 thinkorswim For more information just click the thinkorswim banner on the front page of tfnn.com How on earth did you know that the nq would go to a leg d in the five-minute chart? Well, number one The 200 period moving average is pink line Which you would never need when you're up above it or below it until you're getting close Became the most absolute touched it perfectly at about just on nine o'clock And gave a trigger for a peak a And then you saw that the nine crossed over the 14 period And it went to a peak b and c and yet the price was holding using the nine as a walk It just walked in the nine period moving average and the manky was very strong I had it. What about we call a chapwave squash That's the reason why I put the manky above the stochastic Look at this stochastic going from what from the single digits At about nine just before nine to nine thirty after nine thirty usually positive Over 80 percent almost 90 percent 90 something percent now it's at 81 percent And the rule of thumb with the chapwave squash and the mac d and stochastic is that it should take you very quickly to peak a Peak b peak c did not talk about that I think I might have and then it pulls back and then the momentum That's the torque. That's your first second third gear And then the torque of the higher gears is the momentum from the mag d And then it finally takes you to a d and you've got your d Now what we're looking at is is it going to be a d in the 10 minute charge? Remember I said learn how to do the sequences the data goes to the weekly the weekly goes to the monthly 120 minutes is your trigger point to get in and in this case I'm using the one minute two minutes five minutes and 10 minute charge just as an example I'm not actually trading that I usually use the mini s and p Look, so there should be a leg d and above what above the high of 15,074 That's chapwave methodology in a nutshell a very simple technique when everything's functioning Smoothly when you get your bumpy ride like it gets to a peak c then pulls back gotta be careful The big issue you noticed that I didn't even talk about the semiconductors I'll talk about that tomorrow because I think the big surprise 2022 will be if we get a glut of chips And those auto companies come back on track again I think they might just never do better than me But anyway, we're closing out now. I'll do the news and then I'll be back later for the summer brine show