 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 internationally at 727-445-1044. Now, Basil Chapman. I'm mid-month, mid-week, and we're looking at the Dow up 26 after being down a little earlier. Let's see, a very strong day in Leg C yesterday in the Chapman Wave methodology. We're always looking for higher peaks, we alphabetize them, and actually grade them on the way up. Today we slipped down to 26,943, and now we're about 110 points above that. I like this action. I think we are going to go to a Leg D. It doesn't mean that today we have a peak C because we don't get above the 27,120. Let me just change that here, 27,120, higher than yesterday. That means we make a peak C, and then tomorrow we make a Leg D, and then we say, Okay, now do we be careful again? Remember July the 16th, 27,398, what was it in the Chapman Wave methodology? I guess I better do this, see if I can find it here. One second, there it is. In the Chapman Wave methodology, what we're always looking for is an identifiable lowest low bar. Then we merely count each successively higher peak. We alphabetize them on the way up, and go all the way to seven higher peaks to a peak G, but it's the fourth highest peak, A, then peak B, peak C, highest peak, and then a higher peak D. It's at that fourth highest peak that other things can happen. That's the most important thing in the Chapman Wave methodology is going from the buy signal to a buy mode, which implies that you should go to at least a D. At D, if the technical start to fail and other things happen, that's where you can see a deeper pullback, or you can see a recycle up for another whole new cycle to the upside. We're always looking at just three patterns, straight down, straight up. Arch formation, do it in red, because if you take out the left side low, it could be quite negative, and green, because if you take out the left side high, it could be very positive, or a combination. Straight down, arch, call the dreaded H, and then we've got the positive Y. We should call this the inverted Y, or the reverse Y. Take out the left side high, you can go low. Look, those were Ys on the way up. They were archers on the way down that held very nicely. Now, it could be a V-shaped pattern, but it's the same principle. All right, enough with that. Simple technique. It does get a little complicated as you get more mature into the price movement. Let's get onto the price movement here and see that 27,398 was the high of July 16th. 27,306, 92 points lower was the high of the 12th of September. Now, are we going to make a slightly lower high of the PDE again and then pullback? Because the last one didn't go down to the low of 25,339. We only went down to 25,743. So is this going to be one of those cases where we pull back and we pull back and it looks ugly, but actually we stop in that maybe gap in the 26,700s, 600s, and then move higher? We won't know. So in the meantime, I'm looking at the V-shaped pattern. A subscriber asked a good question. The V-shaped recovery possibly unfolding in the traders corner. That's my newsletter final page. It's called the traders corner of my opening call daily newsletter. Very comprehensive newsletter. Unless I'm completely missing something, it seems by the time the Chapman wave identifies a V-shaped pattern, it's already made a good chunk of its move. If identified in the 120-minute chart, I could see a tremendous value, as it would then give the great returns and the daily charts. Am I wrong with this assessment, Kevin? Kevin, you're not wrong at all. One of the problems is if you remember the last low, I said at the last low when we had a beautiful sell signal within seven points of the all-time high, but it was short. And then I said it's going to be difficult to get the low this time because I think the pattern is going to be a little different. So we had the arch formation that went to a lowercase m and then the rule being that if you close above the high of the arch, it could go higher. It could go to the next highest peak or moving average and there was nothing there until almost the high of 27,398 except for the little high right there, the candle of 31st of July at 27,281. So we went 30 points above that. So that was very difficult. And by the time we got it, I was ready to short because we got that peak D and we didn't short right away. We just missed shorting, but we did get a very nice short, about 120 points off that high peak D high. And then it came down and we covered. But the gaps are what's so difficult. Look, the 120-minute chart, maybe I'll just, I'll get to that. You know what, Kevin? You've got an absolutely fabulous point. If you remember, I discussed this saying that those V-shaped patterns are really good. But when you spiral, when you gap sharply higher, there's just risk reward makes it very difficult to get in, even if you've identified it. And that's the reason why I said subscribers right now. We're trying to trade for this leg D. And then I don't know what's going to happen because the V-shaped pattern so far is actually taking a little shorter time. It looks to get to 27,000 via six, but it has all the way in time to a left side, right side price, time match of the 24th of October. Anything can happen. Then you could get your one spike to the upside. So I'll come back to that and talk about it. If I have a chance today about the V-shaped pattern in the 120-minute course, because that's the one where, yes, you got the V-shaped, but there were huge gaps to the upside, both was it Friday and yesterday. Okay. Now, with that said, let me just talk about the patterns that we're looking at for the Dow. The Dow is in a sideways consolidation between the 27,300 and the 26,000, it's called 25,700. But the monthly chart is so close. Look at this. I'm going to expand this. Look at this candle so far right now as we stand in 27,030. Look at that lovely green little candle, tiny little candle with a long leg. If at any point over the next three weeks, there's a pullback in the monthly chart below 26,500, watch out, we will once again retest the 25,934, 14-period exponential moving average at back moving average. And we haven't yet crossed positive in the MACD, and the stochastic is very good at 88%. It's holding the marker, but the MACD is the one with it. The stochastic is torque, the momentum, the real upside comes from the MACD crossing positive. Look how the MACD crossed positive over here. And look at the nice move we've had up so far in the daily Dow chart. Okay. Let's go to the S&P. The same story. S&P, MACD crossed positive, stochastic said 80%. That's good. Really charts improving. Not great, but it is improving. There's nothing wrong with it. It's just that the MACD hasn't crossed positive, and the stochastic is only at 70%. But look at that monthly candle. If we go to 3,000, not me, there's some B. It goes to 3,027.99. It starts leg B. To me, that would be one of the most positive things. And then I think we're in an acceleration mode. I think to get there is going to be a little challenging. I still see in my overview of the different charts, I see a lot of mixed action coming up. The Dow's up 3. S&P's down 3. I'll be right back. As of now, the Tycoon Commission's out. 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We're back, doesn't change, SMB is down about 84. A little struggle going on after two big moves to the upside is moves are triggered by news events. Today's move is being helped in many ways by the strength in certain sectors. I'll talk about in a moment. Just want to finish the QQQ which is the NDX100 is holding well. It doesn't it's really it's almost like a reluctant participant here moving up. If you look at let's do the Fangstock Facebook. Facebook is trading up the same as the others. Leg C could be a peak C today. Way under its all time high of 218.62 and 188.95. This is a nice move. It better holds 183 support. 185 to 183 over the next three weeks for pulls back under that. That's just not going to be a good sign. Needs to try to get to the 195 level by the first week of November or maybe the second week. If you look at Amazon AMZ and trading right now at 1,077 1,076 up 8 very nice move stored right at the orange 200 period exponential moving average 1,087 is that number and went to 1,078 6.24. Nice turn around the technically in the daily the weekly chart is struggling and so is the monthly but and there's nothing wrong. It's just that it's taking a well deserved time out from September high of 2050. If you look at Apple Apple was a leader it's kind of stalling here but it's storing at almost all time highs so let's call this AB just for argument's sake I'm going to call this new leg B all right so new leg B could be a yes it's a peak B and should go to C and D and I'm going to also say that this is probably an F slash C in the weekly and that means it's still bullish okay so Apple is the best of all it's the only one at all time highs let's go to Netflix and F where did we go and F LX Netflix is trading right now P D way to bottom I just see nothing in Netflix and this is some kind of a trigger and then we go to Goog Alphabet Goog is stuck in a range near the upper end of the at the highs but it hasn't gone to the all time high I think that was that wasn't 1280 the 1289 now I think that was let me double check here 1289.27 1289.27 yes back in April and so it isn't too far away from that but it hasn't got there yet I think it's a great company and I think it should get there at some point now this is very interesting that says there's a rotation going on but wait a minute what's rotating the XLF is down seven at 27 cents at 28.02 at a peak D it is holding nicely finally it's moving out of that monthly chapter wave inside track repellent zone it's done that five let's call it six times out of six times out of five months six months out of five and what's really important is that it is showing a little bit of leadership with a chance that the MACD in the monthly will turn positive if this thing can get to the 2850s or higher and hold at least for two sessions I think that will really help it but you do have was Bank of America had a really good earnings report it's up about 65 cents at 30.37 at 30.72 yes we've been long time we've had a number of times last time it was at 24.69 so this is a very nice six point again at this point but it's a longer term position so that's what I was saying yesterday I was asked about what do I like and I said if the XLF can start to do certain things if the broker index IAI which made a high up in the 6680 area most recent high all time high was up at 70 almost 71 and then it plummeted down to the 59.71 area because no fees I mean it's going to be tough a tough road to this is the one to watch because when and if this finally gets back into the 66ers and actually it's 69 at some point if it's this year that's going to be very bullish all around okay so that's what I want to look at there then I was asked about let me do the TLT what about bonds as far as I'm concerned bonds in a range there is an age pattern for me in the weekly chart which says that bonds could pull back but so far they're really holding pretty well they're at 140.03 based on the TLT and it's up 28 cents I suspect that if it breaks 130 agents it's going to retest the 13654 low of the 13th of September but if you look at the TNX TNX is a 10 year yield the 10 year yield I'm in a range and I've been talking about this for quite some time since in my weekly charts I always send to my subscriber subscribers my over the weekend the bonds my triple yield chart I show would the I shares to my forestry and I show the HGX the housing Philadelphia Housing Index and all of the suggested rates are going to stay near the lows but they could be increasing and the 10 year could even go back to retest the 1870 maybe even 1903 I have the 13th but I do think that it's more likely to say it's stuck in a range right now so those are the things I want to look at just real quickly Crude Oil I haven't looked at it all day Crude Oil is up 77 cents at 53.58 remember the rectangle I drew it's in that rectangle remember the rectangle I drew for gold it's trining it's at 1493 up 10 remember the silver silver was underneath underneath the 9 and 14 period moving averages but there's this long term base of support going down to 17 it always holds that and it tries to ready there's the H pattern will it break down well the dollar could not hold gains recently and it's gone from 9946 to 7999 that it's done it in the same amount of time what it hasn't got there yet it's got a couple of days to go but it's making inverted V-shaped pattern it says within three days it should be testing the 9786 this is a continuous contract 9786 low of early September and the Whitney Charles says at peak D remember D's where other things can happen I've been saying this for weeks now the dollar made a peak D at 9946 on the 1st of October watch out the dollar made a leg D and then a peak D in the weekly chart at 9962 then I said be careful because the monthly chart is in a leg D we might see that the dollar is going to take a bit of a breather and while it does that we'll see what happens to gold but most importantly we're going to see what happens to the British pound and the euro I've been asking friends of mine who are more intimate with the details of English parliamentary rules and all that sort of thing and I've been asking what about Brexit and they all say oh it'll be just terrible and I say okay well it says I'm a little surprised because you know it was voted that they should vote for Brexit and then you have to deal with the consequences that's what the people wanted so this is very interesting to see how it plays out I'll talk more about it in a moment because we've got Scott on the line and a lot of people are looking at you as steel X as a symbol trading at 10.93 down 49 Scott how are you Basil I had to come back to the expert you told me Monday I thought Tuesday was going to be a lager and you said no and you were absolutely spot on yesterday with this went to the roof you know with everything but US Steel so it's not about US Steel so Joe hello Scott Scott Scott we're about to take a break I don't want to interrupt you so we'll be right back folks US Steel is down 40 52 cents since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of links to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil 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 Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil'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 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brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com I remember back the dollars up three S&P's down four and a quarter we're on with Scott in Florida we're looking at U.S. steel somebody's X is down 46 cents at 10.97 so Scott are you doing anything right now are you just waiting hello Scott you're there yes okay are you are you doing anything yet or are you just waiting I'm just waiting I just want to reiterate for a second what I said earlier you are really a portal in a storm you are my lighthouse when the waves are too high Monday I didn't know which direction I thought the next day I would take off which was yesterday you said you strongly disagree and you were right I mean the stocks went through the ceiling yesterday so you your information is so accurate that I think sometimes you were somehow connected in a psychic way to the market I'm connected in a psychic way but it's not the way we would like so okay this is what I'm looking at United State this is what I've been talking about for a little while and I have to also talk about it in terms of I don't see anything yet on a purely technical basis to say to me United States Steel once upon a time just a year or so ago trading up in the 45 area down to the 9s it's ready to start the big move to the upside I just don't see it yet but I do see signs to say that on a purely technical basis using it as the rhythm of the market which is now getting if you this is a really beautiful example of the rhythm of the market if you look at the low of United States Steel on the 28th of August at 10.16 it suddenly turned up and the MACD and the SACASA get a beautiful up move and it went all the way in a full chapter wave buy mode to a peak D and that peak D started off a trend line that I spoke to you about that I said I call it the inside track repellent zone and it got repelled there and then it pulled back and it made a slightly higher low then it started another move which in percentage terms I mean the other one went from the 10 area to the I would say going from 10 to 13 30% is not a bad move then the other one pulled back very sharply it gave back almost all the gains and then it ran up and it hit that trend line resistance and it's still right at 12.66 a low low it's now still creating that same inside track repellent zone is making it even stronger meaning that the next time it breaks out there's a chance that that breakout could hold a little longer but you would need to see a price point where the breakout level in this case yesterday's high of 11.75 actually becomes support but now what I want you to point out is you see the big move up then a sharp pull back a big move on a percentage basis but nothing like the first one a low low to 9.93 and then yesterday's rally took it up to the 11.75 area and they getting smaller and smaller so what I said to you and I feel that for your type of trading it's really the best way to look at it when I would just stay in the zone of saying when it pulls back and you suddenly start to see it get a little bit of strength if you've got that for you it's both a technical and a gut feeding because you've got a whole basis for trading United States steel if you see it rallying I concur with you that these are I'm treating it as short term trades there will be a time where it doesn't pull back it just keeps going and we're going to say oh geez that was the time to hold it doesn't matter up until then as you know you can make really good profits by going in and coming out exactly with the timing that you've been using so this is what I'm going to say to you I've got a lot of support in the 9.70 in the mid-nines that's a big percentage I'm not prepared to give up 12% 13% just to kind of experiment on a buy area so what I am going to say to you is if you're looking at this as a short term trade the 120-minute chart let me just go to it right now the 120-minute chart has just gone to peak A peak B peak C oh it had a full peak D there you are we're always looking for those four higher peaks and now it's gone below the moving average support levels so I'm going to say to you look tomorrow it's going to be quite important for a number of reasons just both in the timing because we're at this leg D that I'm talking about legs C probably a peak C today in almost all the indices in the daily charts there should be at least one more nominal new high above the highs that were made yesterday and then I've got to say I got a feeling I'm going to be careful I don't know if I'll short or anything like that I'm just saying I don't see all the little ducks in order and I see the same thing when I went through the steel stocks and SLX or ETF it's just a real mixed picture and I think we have a lot to it has a lot to do with the emotion of what's being said with China even though we don't really know in the end what's going to become whether they'll be buying steel we just have no idea but it does seem to be based on some kind of news and the news now is having less effect on the upside I'm saying just be a little careful I don't think I'd be as aggressive as you were and unless you can see a rally that takes it above today's high of 1139 if it goes to 1140 I think it's going to try to tackle the 1175 high or 1170 high so that's the shorter term but I'd be very careful if tomorrow there isn't a rally in United States Steel and it starts to trade under 10 point if it trades under 10.76 I just hold off at least for another couple of days I'm not online right now what is it right to second basal 10.96 it's at the low today so far usually when it gets to that point when it touches the 10s and on the little charting I have when it gets into the 1070s that seems to trigger a downfall to you know down to the 10 fit well it got all the way to nine which was correct that's what I'm saying you can't explain that so here's the scenario if there's a pullback tomorrow and it goes underneath the low of 10.82 the low of yesterday I would be waiting for a turnaround in US Steel and let it get back to about the 1096 if it's holding and the general market is actually showing some strength boom then I think you've got yourself another short term rally but in this case because it's acted so poorly after each rally and this last one it went down to 993 it went to a lower low I'm saying just be really careful we have to for United States Steel to turn around and show that it is now going to be in a way over sold category ready to lead the market to higher levels I would have to say on a weekly basis I need to see a close above 12.80 12.85 then I'll say you know what I think now some kind of a rally could a decent 6 to 8 week rally could unfold right up until now it's just these quick trades that you've been able to do I don't think I'd take too much I wouldn't get too heavily involved in going along from this moment unless we get some trigger that China says something and everybody says wow that's great because then you're going to get a nice rally then you've got to get out once again but be careful I appreciate it Basil very much you are my you're the rock in the storm because we as traders out here get so flustered sometimes we need a voice of reason as long as it's off the rock of Gibraltar thank you so much speak to you soon Scott good luck 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 are building lots in 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 country as of February 20th is 3.1% a $50,000 investment at a normal 4-year CD 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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 for the latest market information. So this is a very interesting thing. I was asked about U-M-H. Not U-N-H, United Health, this is U-M-H. U-M-H Properties Inc. are probably a REIT, and it's trading at 14.32, I love this. Look at the daily chart on the left, and you look at the low that was made around about 11, 60, what is it, 11, 66, on the 15th of August, and it goes peak ABCD, pulls back, I usually take this particular pattern as a good chance to give it as an alternative count, A, even though it didn't make a new high, so it goes gray A, but then it goes E slash B and F slash C. You see this sideways pattern with a little bit of a cup formation? When I get an F slash C or a G slash C, it is so often that it actually just squeaks to a D, which would be a penny above 14.54, and then you'll see the technicals are fading, and then it starts a deeper pullback. But the weekly chart is so nice. It's at a peak B, Magdy's Trunks, the Castings, and 90% that the weekly is in a buy mode, but then I look at the daily, and I love this because like all of a sudden, I've gone from very good, but a little bit toppy, to really good and holding well, to oh, wait a minute, this just constantly makes these H patterns, which then retests the 200 period moving average in the monthly chart, which is at 11.66. So I have to say, I love the action of the chart on the shorter time frames. The monthly says it needs in October into about the, in a month's time. I wanna be looking at this chart and seeing at 14.80 or higher, is at 14.29, because if it's at 13.60 or lower, there's just from yet another arch formation that's failed. The way it looks, I think this looks very nice. So I'm going to say to the person who in the, who I think, oh, Pete here asked about it. Yeah, I'm going to say I love this chart. If you're long, stay long, don't do anything. If you're not long, have a little patience. You might miss it. I think there's nothing you can do about it. But at 14.29, I'd prefer because it's a lowest price stock. I'd prefer to be looking at it at about 14.05 to 13.97. Why? Because at that point it might say, oh, I need a little bit more time and price to the downside. Oh, it's going to be saying now, that weekly chart is so strong, you have no choice but to add to it or buy it at that level. So yes, I like it. If you're not in it and you're prepared to, if you're prepared to take five, about a three and a half to four and a half percent risk, because you're starting a position, you're waiting for legs, see in the weekly, you could nibble here. My preference would be to just have a little patience. I think you get it close to 14, look, 29 cents. You say, what's the big deal, 29 cents? Well, it is like 1.8, it's almost 2%. It's worth thinking about it because then your risk reward changes. So that's what I'm saying. My preference would be to keep holding it, but if you're not, then give it a little bit of room. Preferably a tad under 14, I'd like to reassess, but I'm almost sure that if it gets to the 13.90s, that's 13.93. That's the area to start the position for the weekly chart. Bingo, bingo right here is the end. Oh, oh, oh, heart attack. Elizabeth, Elizabeth, who was the guy who used to say that? That's $3.43 right now. Oh, this is not bingo, this is bio-nano-genomics. It closes yesterday at 0.50-ish and today it's at $3.43. It's only up 522%. I don't know where you saw that, Piki, but yeah. All I can say is, well, rocket ships do happen. Okay, question I had earlier on was looking at the question. So I did the United Technologies. So if you're thinking of, I'm sorry, I did United, US Steel, so let me just do one more time, US Steel just for, cause it's two different questioners. One was for the trade and it's down 57 cents now. The other I think is a position play. I would hold off, let's see how 10, right there, 10.74, it's a 10.87, let's see how the 10.76 to 10, I'd have to say 10.25 area. If that can hold and then there's a rally, that's one thing. I just think it's getting worn out. It's just hand false rumors and bounced. I think I would give it time. I think it is going to be a play at some point, probably a little later in the year. I mean, a real play, six, eight weeks of really strong running to the upside, but right now there's just too much going on. So be careful if it's just a quick trade, then what I said to Scott is the thing to do. Next question I had was, yeah, so could I overlap or discuss the S&P? Oh no, I lost it, yeah. So S&P having the best year since 2060, please compare charts. So let me do this, today's Wednesday, I'm not set up right now to do that kind of comparison. Let me just go to the S&P and just I want to show you something, but the S&P has made a rising, now, for anyone who's involved and interested in head and shoulders patterns, there is a shoulder that you can go after the high of 2018 in January, it did pull back sharply and then there was another high, the all-time high, 2940. And then of course it didn't pull back sharply, it really pulled back to 2346 in December. But then it went to a new high in 3027 and then it pulled back. But now you can see that there's a rising, I would call it a rising head and shoulders, a positive, potential positive one, but these are not the patterns that I like as a head and shoulders pattern. I treat this as a staple, you know, a staple as this little left side kind of cup and then a deeper head there and then a little right side cup. So I have many other ways of interpreting it. The only thing I can say right now is that when the MACD, which is about to cross, well, we have to wait the entire month, but this MACD, let me just do this, okay, it's a question, I don't want to, yeah, I'll do it right now. So during the Obama years, the S&P had an spectacular run and it was never discussed, it was never discussed as something of great interest. It just, so I did it. Everything else is interesting to President Obama. I could never understand that, but it was a spectacular move. But wait a minute, within the context of what we're looking at here, that said, that's very well, but what about Bush? I mean, what about Trump? So Trump comes in right here, December, remember the 6th of December, so the law of December is 2,083, we're at 3,027. So if you look at this, it's forming a huge consolidation like it did here, but that was parallel-ish right here and then it started to rise and you could even get the same kind of pattern over there where I've drawn the big oval pattern as a consolidation. So I could start to do almost the same thing here to say this is a huge consolidation. If this can break out and the S&P can go to three, I don't have to give it a little room, it's this trend line right here. If S&P can go this year to three, can break about 3,035, close any month, I think that that could be a really, really good run to the upside because I have no choice but to call this a leg B in a monthly charge and it should still go to a C and a D. So that's the kind of comparison I can do. Now how does it fail? It really only fails if it takes up like 2650 or something. I have to say, oh my, big U formation, sorry, arch formation. At this point, I just don't see that. I see this is still very bullish. I'll be back, perhaps we'll have to go one segment. 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 which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three 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. 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Visit our newsletters page by going to TFNN.com and click 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. That's why we need primal edge daily nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, fatty and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They've been called miracle molecules because like sunlight, air and water, life cannot exist without them. That's right Paige, they ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge, 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. Hi folks, we're back. So I was asked about VLK. This is Berkshire Hathaway B shares, insurance banks, Apple, CVX, everything. Down 40 cents at $2.8.90. And this is the reason why I'm saying although we are long, I'm looking for this. There's a chance we might go once again at a peak D, I might flip to the downside. I'm just looking at this is so selective and it's rotational. I don't see real leadership in this particular move. It's almost like USX. The first move was this big move that went to a peak D. The next one kind of failed and lower and then went to a lower low. And now this one's even weaker. Just I'm saying be a little careful here. If you're selectively long and it's working, stay in those positions. It's telling you, you're in the right group. But if things are, you're seeing struggle. Oh, I want you to do this. I'll do it tomorrow. A whole bunch of hockey stick stocks. In other words, there was spectacular stocks and they came down sharply and now they're just going sideways. And that says to me, there's another reason when an Adobe, which is just a big leader, goes to 312 and is trading at 269 with earnings coming out today with a potential doji peak F in the monthly chart and a G in the weekly. I'm saying to myself, something's not quite right in this picture. It is so selective. So be a little careful. You're about to go to Steve Rose and you've got Dave White, Tom O'Brien. Check out my opening call, my daddy newsletter. We're really working very hard to try to nail this market to getting positions here. There are some positions that are, I reconfigured my stocks to watch list. This morning it'll be keep going for another week or so while we're looking at different stocks. There are some stocks that are starting to improve a lot. But I still say, be very selective and if it's working for you, that's wonderful. Stay in those positions. But if you're frustrated because you keep going in and going out, that says, this is probably a time just to hold off. You'll get really good positions at some point. And I think there's going to be some kind of a rally failure at some stage coming soon. But I do say that if October, we go to all-time highs, invariably the close that year is closer to the all-time highs. So that's the way we have to look at the market. And that would say, if we go to a new high, then the doubt, yeah, that's your leg D. But it's only a leg B or a C in some of the other indices. I'll be back tomorrow. Have a wonderful day. Stay tuned for Steve, Dave and Tom. See you tomorrow. Thank you.