 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Good morning, everyone. Hazel Chapman here. There's a ton to talk about today, so let's just go right through it. I now made a peak F. Peak F reminds me of something, and I have to just lift my eyes about two or three inches, and I've got my song that I wrote years and years ago, decades ago, actually 2002. Oh, I'll sing the song. There you are. Here we go. It's called the Chapwave Song. Buy at the low and sell at the high. Of course, it's just a song. I wish I could do that all the time, but it just doesn't happen. The market goes up. The market goes down. Supposed to buy at the low and sell at the high. You know what we tend to do. We buy at the high and we sell at the low. The Chapman wave is what you need. You buy with a stoke and the old magnate. You follow the price and wait for a peak. Higher highs is what we seek. The wave goes to A and then to B. Even the anticipated C and D. That's when it flashes a cautionary light, but all you got to do is make your stop real tight. Peak A, peak B, peak C, and this is your D. That's when it flashes a cautionary light, but all you got to do is make your stops real tight. Suddenly it goes to E and F. A bell rings so loud it can make you deaf. So what you're going to do? Which way to go? You sell at the high and you buy at the low. And here we are. So the Dow made a peak F. And the only thing that was really giving the clue to some kind of a sell-off is that you've got the unbalanced volume turning down, but there are a couple of other things. And the other things, oh, should I do it now? I'll do it now because we're just we're in a waiting mode right this moment. We're waiting to see what happens with this little baby right here. There it is. And how does it unfold? Because there is still internal strength in the sense that we've got an internal high and now we've got the residual high unfolding at that peak F because we went past that peak D. And but there's still because of this particular indicator that I'm going to get right up there. It is taking a little time because it got a lot of charts up at this particular moment. This Dow chart, I said internal high. There's a way back in April. So that's the left side and internal high on the left side and a residual high on the right side, higher high. In this case, internal high on the left and a fractionally higher high on the right going to the July high. Then we get the left side high in July and now we've got the right side. But look what has to happen to get the green line period moving average to cross negative. It can take days unless there is a dark news cloud cover that says the news that's pervasive is increasing. And it's increasing the sunning pressure. And that sunning pressure is telling you that the news that's unfolding is news that the market is finding extremely pertinent. Let's just have a look at the VIX index here to see what it's doing. So the VIX index is just flipped from pink to green. But this is the vicissitudes of this very short term indicator. All I can say is I didn't like the speed of the move to the upside yesterday in the sense that we had just about made a top. And now we've already got the VIX going from the 13s to the 16s. That's a big move. The sustainability of this VIX is really the issue. So let me go through the whole thing. I mean, I should have actually finished. I couldn't resist once I looked up and I saw my song that's there. Just always be there. I just hardly ever look up to see to see actually read the sign that's right in front of me. But look, look at this indicator. Isn't it? It's the indicator for me. The indicator of last resort because look the S&P. These are just three lines here. This is the price of the S&P on a closing basis. The other is the nine period moving average. It goes green when it flips over the 14 and the 14 period is the black line. So it's green and look how close we get it. But we're not there yet. We've been here before and still turned up green. I think you've used up time. I think this is a move that is going to be a broadening out of the selling into most of the sectors that have done really well. Especially one particular sector we'll talk about in a moment. So here we are with the S&P down 17 at 44.96. And you've got that nine period moving average still positive at 43.39. Sorry, 45.39. And the black 14 period moving average is just below it at 45.31. 39 to 31. We've only got those eight points to go for the S&P to start closing some of the gap anyway. So what we're looking at is the QQQ. That's even closer. Look how close this one is. 377 on the nine period moving average. And the black is, if I can hit it, it's 377.44 and 377.95. That's really close. But it's not there yet. But look, the price is hanging underneath the 14 period moving average. So I've got to sell signal on the QQs, not yet a sell mode. We have to wait just a little longer. And the IWM has crossed down under the 14 period moving average. But that nine period moving average is still way above the 14. So I like to do it because there are some h's. There's some h's getting really close. And the price has gone very sharply into the 163. It's down just 139 at the moment. I hit 152.16 and it's now 153.16. So let's get back to our story. In fact, let me get out of this right here. Close workspace. Save. Always got to save. Otherwise I'll lose some of the notation. There it is. Goodbye. Okay. So now we go back to our story. I've got the song. And one of the reasons why we went short on that move up in the Dow at 235.678 was because of the rollover, the work that I've done on the nine period moving average and over the 14 period moving average saying, if you don't get the almost the exact top of the reversal, you're subject to being taken out by the vicissitudes because there's still going to be some residual. I mean, Apple and Amazon come out with earnings tonight. That could flip the market to the upside. But I think that we're going to start making lower lows. I don't know yet about the highs. We're going to be lower highs. You can still have a retest of the high 35,678. Apple is in the Dow. So anything can happen. So we're watching this very closely. Okay. So I've got that out tomorrow. Technical Friday, I'll go into the weekly and the monthly. And yes, you're right. Correct. One of my, one of, one of the people that have done most of my courses and Chathamay methodology said, why isn't the leg beat in the Dow blue? And the answer is I waited until the end of the month while the month is finished. So now I can make it blue because the stochastic is at 86. And then make it turned up and the mind is over the 40. That says it should be higher highs to your leg beat. I'll be back in a moment. Dow's down 76. S&P's down 16. Bows to Chapman. I get technicians out. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. 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 Basil 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 Basil 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 Investors. Everything in the universe is governed by the Fibonacci sequence. 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There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi, so there are a bunch of things that I need to talk about. So I'm going to start so I can listen. I've got everything set. Here we go. Here, this is a move with the ninth-grade moving average still really strongly above the 14-in-the-dow. You've got to have this start to show up as being very pertinent. And that is Chen Wei of Dark News Cloud Cover. In other words, whatever the news is, it could be interest rates, we'll talk about that. Could be higher crude oil, whatever it is, it's got to become the meme for the market and the theme. And so far, there's kind of a, there's no real theme to the downside. That's why there's total disbelief, I think, in this pullback, except for the people that had me anticipating it. But you've got, in the last week, raise your hands how many people have at least one, if not three or four or five people admit, confess that they were wrong about the bear market and that they are throwing in the towel and that that's it. So when I look at it that way, I'm saying to myself, there are a lot of people that are thinking, AI is the thing, the market is going to keep going higher. This is the time that the market becomes most vulnerable, but it doesn't become vulnerable until the news that's pervasive starts to seem into or sink into the media so that people hear all the time throughout the day, not just once at the end, the news at six o'clock, which is always extremely biased news, but news that says, huh, yields are really affecting people and now they start talking about inflation or they just talk about something that really makes people very nervous. I don't think we've got anything like that right now and that's why I'm saying that this dark news crowd cover is going to be building and maybe in a week or two it'll start to become a lot more serious and then you get, and I will draw this in now because I've been talking about it for long enough, so I'm drawing in another one right there. It's pervasive in the sense that you've got little sporadic moments that people are talking about inflation, talking about yields, et cetera, but it's only just beginning. All right, let's get out of this and now we can go to other things that are already important. So that means unless in the next day or two, well, first of all, when you get a turnaround like this, especially at a peak F top in the Chapman methodology, it has to be with yesterday was a really good dark news cloud cover candle, but if today is even we're down 64 on the dowy, down 70, that's nothing. You've got to have another very serious move like that. You remember the Chapman wave Roman candle that we had? Oh, talk about candles. We got Monday a week. We've got a great show coming up, a webinar and it's going to be about candles. I will talk about that a little bit more, but check it out. That's Teddy's webinar. So you've got a Roman candle right there and then you still went down. So it was a very quick 34,588 to 33,600. So 2000 point drop. That's the kind of thing that starts to change the nine period moving average and then it still takes a lot and it never did turn pink. It stayed green. So I'm saying to you, this is a process. So by the end of the day for me to really start getting confidence that this is the kind of move that has some serious points to the downside. I'm not even talking about time yet because the time is the process that if there's a bounce today and then Apple comes out or Amazon and affects the market positive tomorrow. That's no good. That fits perfectly. There's very slow roll over with a nine period above the 14. If you want to see that green go to pink, you've got to close down today at least 250 points in the Dow at least 48 to 53 points in the SAP and then follow it up with a horrible Friday so that Monday everybody comes in all now they're getting really nervous. That's the speed that you've got to have. So at this point, there are two scenarios. One is it's a slow roll over making the upside limited. Yes, you can get a new recovery high, but it's not it's going to be a real struggle to get there and it has to be like a one sudden move and the next day just gives it up and makes a lower low. So two scenarios. One is bad, bad, bad action comes in later today and closes very horribly, lousy overnight opens very sharply lower tomorrow, tries to ready by the end of the day. It closes down horribly and that would mean that Apple kind of misses it's whatever it is. Okay, let's go to Apple right now because I'm talking about it. Let's do it. Here we go. Apple and don't think this is just a Dow thing. Oh, the Dow 30 is I have to tell you I hear that all the time and it's price way. It's just that's it. Hey, the Dow 30 is what is a kind of a measure of the market that goes back over 100 years. I use it because it is such a fantastic mix right now of everything in the economy. So it's a perfect, it's a microcosm. That's all. So it doesn't have 300 stocks that has 30. So I it's pertinent and all the technicals that I'm talking about here apply at some point to the other indices. Okay. So now with that said, we've got Apple and Apple shows you it's made a peak. Let me get this. Oh, I always do that. I have to click that. Then I can get Apple. Right. Here we go. Apple. Apple is Dow. This is Dreaded Nation. Other patterns we talk about. I talk about them all the time. There are only three key actual price patterns that I follow very closely and that is the arch, the cup, and the straight line. And the straight line down can have a bounce and if it fails at a peak A or B, it takes out the left side low. That's called the Dreaded H. Oh, do I have to do that? No, I do. We always have new people here at TF&N. We're just out, we're expanding all over the world as always. We've got people from around the world. Look, Dreaded H goes down, makes an arch formation. That's a straight line and an arch. Straight line up and a cup formation. That's the reverse Y. This is the Dreaded H because if it takes out that left side low and then closes below that left side low, I usually say two sessions, but maybe three. It cannot close above that left side low. Watch out. You can go one-to-one to the downside. So these are just patterns of repeating the market. Oh, I mean, look at this. You've got the one-minute chart. Made the arch formation. It's in the process. I've got the left side, right side, price, time at you extending. 4408 should be hit within the next three, four minutes. I don't know if it's going to. I'm just saying this is the pattern that we're looking at. There's the arch. There's the Dreaded H. There's the bar symmetry. I don't know if I'm going to do that, but that's the pattern that I'd be looking at. There is the arch formation in the peak D. Peak D is where you start to think. By signal to by mode says you should go to at least four higher peaks. If it fails there, then you've got to be careful because there could be a much deeper correction. Well, there is. We've gone back to the low of four o'clock this morning. This is the E-Many that I'm showing you. So prices repeat. Doesn't matter what time for it. I already showed that yesterday when he was doing his terrific webinar, live webinar, a number of these aspects. He uses different names, different techniques, but basically we're looking at the same kind of thing, expansion one to one, et cetera, et cetera. So this is the H pattern. And this H pattern says if Apple, which today is now under the left side low of the 21st of July, 191.23, it's at 191.23 right now. But it did go below it just a moment ago. And if Apple closes below this low, be careful because if it does that and it cannot close above it, it says be careful. It could go one to one to the downside. Different rallies, I'm just looking at an H that goes through a lower case, a lower case H that goes through a lower case M. And then you're going to see Apple at some point coming down towards the 180s. We'll see what happens. All right. Oh, we've got a break. You've got down 213. Down 23 in the S&P. I'll be right back. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. 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So a couple of questions came in and then in the Tiger YouTube Rachelle says sold a few Mali 12.85 so I guess she's in the options or I think so I'm just guessing so this is Mercado Libre e-commerce Latin American Peak B in the monthly it had a peak de-top about 2,000 and plummets down to the 500s and now it's had a really nice balance which definitely falling exformation but it isn't arched yet how important is the peak D peak D in the month in the weekly chart back in early 2023 pulls back goes peak ABCD again another one this is a far more serious decline and it goes from 12.92 down to 1,100 and well 1,063 and now it's trading it had a big spike to date to it must be news the gap up this is another leg D so all I can say is it's acting extremely well in this environment to actually have such a percussive move to the upside from the 200 look at that 200-speed moving average takeoff right there I like it but you've still got to be careful because I think it's market conditions that you're looking at right now so good that you took a little bit off I would think that this is going to go kind of sideways the next week going from today to let's go Friday week if I Friday week it is not closed under 11.48 that's the 200-speed moving average that will be outstanding action so treat and that's the other thing I wanted to say someone mentioned something earlier on about about the different some of the different sectors and I said you've got to now think of everything separately so this is going to be very important so the e-commerce Latin America could have a different look at this if I go to the XLF just go to this as a kind of an ETF of America it's had a really good rally and it's only pulling back mildly from the peak e-double top that are made in the 35s and now it's a 34-84 just under the 14-speed moving average and the 9-speed moving average on balance is good but look at the relative strength the relative strength is starting to weaken but that monthly the weekly chart stochastics flattened 89% that's good so you've got to look at everything separately if you look at I always talk about Bank of America look at Bank of America it held quite well and even today it's kind of holding down well under the 200-speed moving average weekly charts improved but it's a different chart pattern completely to JP Morgan ran up to a peak also is that a peak F? Yeah I think that's a peak F right there I'm looking at the 31st of July 159.38 159.38 158.79 178. Yes that is a peak F right there so each one has a slightly different thing so I'm saying yes in terms of the market you're looking at the I is a symbol I like it very much and all I can say is that when something's holding as well as another one that came to mind was I was asked about so far one that I've been looking at for subscribers for a while to buy and then we just kind of missed it this is SPFI what is that South Plains Financial huh very nice move up to this SPFI that was an accident I was going to look at so far made a peak D that's how important the peak D is look 10.23 on the 18th of June Paul's back makes the cup formation goes peak A then again round is again peak ABC and goes to spikes up to a D now it's almost full the gap so once again this acted extremely well it's a little bit under pressure right now I put it in the online banking financial solutions I think the month is improved enough for me to say that this is in play but and in this environment it could be start to get really choppy but keep it on your list because the weekly chart all the technicals are very very strong it says at 9.69 right now down 10 cents the whole area of between 9.20 and 8 I say 8.50 that's going to be tremendous support big percentages if it does pull back but that's what I'm saying that's what I've been looking at some kind of a cushion where was the other one again oh where did it go there was a question oh GDX I haven't got the yet but I'll do it right now long adventures gold miners down at 29.28 we were long we got taken out we were long and I kept saying I'm not happy with it but in the conditions the way the donors acting gold has acted quite well not great but quite well and but unless the miners really need the way I don't I don't like I think gold usually follows if gold leads then the gold miners obviously will follow but they really follow as I like them to lead and it starts to pull back you make your peak in the gold itself it's pulling back today it's coming back a little bit from the low but as I'm looking at this I'm I'm a little cautious on the fact that in this environment I think gold is just kind of sitting aside if you look at BTC BTC Bitcoin Bitcoin stuck now made that kind of almost a triple top in the 32,000 area now it's trading at 29,400 I just think it's also kind of stalling so there's nothing to take its place especially if the donor which is not fantastic it's just acting well look I mean look how quickly it came down it took one it took one, two, three, four, five six sessions to plummet from the hundred hundred and threes down to the low that was made of 99 points was it 81 or something 99.58 I should type that in 99.58 and double bottom and then it ran all the way to 102.62 where it is today and it's taken one, two, three, four, five, six, seven, eight, nine, ten, eleven, twelve, three, four fourteen, fifteen and it has to get got to the 103.19 200 period exponential moving average my thinking here is if you put it together with USD JPY which type that in the wrong place right there USDJPY look at that it made that leg D right there yesterday I think it should did I do it yesterday I think I did but I was I was looking at it and I said it should go to a leg D if it makes a leg D under the previous PE in the 145 area I'm going to have to watch this closely because it's going to make the leg D in the weekly chart to get to 145 10 or whatever that would be to go to leg D it will make it much harder but all the technicals are actually quite good so it could be a purely technical thing on this side because the EUR USD better get a move on here I've still got a lot of charts that we can with the 3 doji candle top at peak D it's trading at 1.09 it's trying to find a little bit of a base here but it made it peak D in the weekly I think this has got more room to digest that's the euro as the yen tries to go for that leg D in the weekly chart and the dollar just it's almost like by default the dollar is moving up I don't think it's so in that sense we've got to consider it that the dollar and the yen are strong and that the euros week and gold is there for so I've got that point there I'll be right back down to 1.24 The gold report as a precious gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai Gold Exchange The gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX the dollar, bonds, the South African RAND as well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com to your inbox whether you're a season trader or just starting out market insight provides the edge you need to 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utilized only by sophisticated investors such as traders and fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ so here's the arch formation in the one minute E-mini you've got your left side right side price time-match right there you've got this in the 10-minute chart the same thing and now what we're looking at is we're looking at a second arch formation that goes from a lower case do a kind of a little mini M shaped pattern here remember this is a really important moment in the Dow if there are two scenarios with that nine period nine over the 14 probably at the end of towards later on this month I'm going to do a webinar and I'll be discussing this in much greater detail I've done it before but this is live so you've been able to watch it unfold as I speak so either it's just bad news just really tense the market immediately so that you can get that nine period moving finally going towards the 14 period moving otherwise it just takes time and it could even deflect and start a brand new buy signal I mean anything can happen my eye from all the charts that I've looked at suggest that we are ready I mean let's just go through this right now did I finish no I just better finish this okay so silver is trading silver is trading down after a peak D top right there so it's peak D E D or high is where the deeper corrections can occur so this is going to the 200 period moving average it tagged it today I just think it's kind of stuck with gold it's just kind of stuck we're looking at high grade copper now this is very interesting look high grade copper peak D and a very sharp pullback I did this earlier on I wanted to show something look yes high grade copper HG this is a continuous contract look how it's been running from the low earlier at about 3 a.m. this morning yeah 3 a.m. this morning there's a 10-minute chart peak A peak B peak C peak D I drew in this cup formation and look it's just following the 9 period moving average it's gone higher this could be an alternate count and this could be G slash C right here there's a 10-minute chart it's gone above the left side high that's now fantastic because it makes this whole area and this whole area right here the candle that may peak F in the 10-minute chart at 21.50 on the second that is yesterday at 9.50 p.m. so was that 21.50 what am I saying yes that was yeah p.m. it makes this whole area really good support in any pullback but at the same time it did pullback sharp in the daily so you got to be careful okay I wanted to just go to we're talking about what SPG I saw in the den Simon properties I follow Simon properties for years and years because they have a couple of malls here in the Boston area look at this gap down at a peak E and look at this beautiful peak D pulls back makes this arch formation with a very you know my rule of thumb in the Chapman methodology if you get a very quick peak A peak B peak C peak D peak E this is one of the quickest you can ever get there's just one point in between each peak there are two bars going to the E and now look at the shop you got to be careful it doesn't say you're going to have a shop sell-off like you have it does say be careful you're going to have some kind of a pullback very quickly this is not some kind of a pullback going from 125 to today's low of 114 I would say that's more than that and look here's the weekly chart say went to a peak B and that last run up in the monthly chart the magnies is barely positive it's the week on balance volume is weak I'm looking at this and I'm wondering whether or not we're going to start to see tall brothers start to turn down I spoke about this for subscribers to my opening call I said there's no way that these HGX there's no way that the home builders can continue rallying in this environment when yields are going so much higher look at this peak D in the HGX you got to be careful and selective there's some places that if you look around I mean our symbolic dawn thing it won't pull back enough for us to get and say for entry point to add to their position from the 21s it hit 64 the other day 63-64 and now it's trading at 59 this is end-to-end AI robotic warehouse automation so some stocks are just ignoring what's going on but I'm looking at the majority our bots I expected it to pull back up we've had a real nice run look at this double top it's pulling back this is the global extra robotics and AI ETF look at hack which is peak D there are peak D in the day, your leg D in the weekly prime cyber security kind of struggling over here PANW is one of the lead lead in the sector look there's the dreaded age that fails at a peak B A or B I don't know if it's fading just yet but it's certainly making some kind of an arch formation here after that peak D top so I'm just saying these patterns repeat over and over the notations repeat over and over and over and all you can do is follow them and say take me where you want to take me okay next thing I want to look at something I've written it all down here so Crude Law question came in is where do I think Crude Law is going well it's stuck in the rectangle formation set a fantastic move from the 66 on the continuous contract to the 82 level now it's at 70, I said 80 after hitting 70, 78 60 or so this morning and here it is 80.67 with a doji potential doji leg D in the weekly chart and the technicals the 9 is just cross positive the magnet is good, the stochastic is 70% still lagging on balance bottom is very good I'm just telling you that we've got to be ready here for almost anything but to get the sell-off some people the people have been talking about a crash or major this is the end have been talking about that for ages so I have to exclude them from this particular patter because they've already not proved that their scenario was a valid one it can turn into it but it hasn't happened yet the next thing is within the context of the patterns that we look at the IYT which is the transportation index has gone to a PE it's finally come out of this incredible channel look at this beautiful up channel I always talk about channels I started off doing channels I do many other things but on my graph paper, the engineering paper paper and pencil I used to graph the prices of the down, the S&P Nikai, Japanese Nikai and the F the FTSE 30 of course you don't have to do that anymore but when I look at these things the IYT which is the transportation I shares down Jones transportation average index fund wow it's the transports very nice move up in the monthly chart the weekly chart did this beautiful cup formation it failed it got to this D that's a high high yes it did it's in late D as we speak in the weekly chart I'm watching it the Ds could fail below that peak B that was made at 276 87 the week of the first of April the technicals are all very strong so I'm saying that this is I think it's more a roll over congestion and digestion phase that we're looking at in the market there are some stocks that are going to really take a dive but in the in the main I think this is a very well earned rest period that's all but that's the reason why I'm saying that the 914 is going to take its time and when it finally crosses negative if it does it could do that like it's done before for a day and then move to the upside but this is a roll over phase that I'm looking at but for it to accelerate really deeply you've got to get a really bad close to that and then I'll say yeah I'll say move it I'll be right back that was down 109 you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas news analysis and discuss the market action all in one and then you can look over the shoulders of Tom O'Brien and the 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over the next couple of days going into next week and that says the VIX index holding on a Friday above 16 if it's able to do that instead of slipping to the 15th which is so often does but on a weekly basis if we go into the weekend with a high VIX index that will be one of the first times in ages so just keep an eye on that we'll talk about it tomorrow also send a couple of questions over because there are a lot of things I want you to show you this just as we're going out here look here's the VT this is the Vanguard Total World ETF made a peak E double top right there look at that pullback that's the dating the week needs an alternative count F C so for the technicals are still good but the on balance volume is quite weak and look at the monthly chart also has a blue a blue leg B to the upside and that's just saying that the classic at 82 this is not this is good and the WT which is the wisdom tree exchange trade funds fixed income currencies commodities is pulling back sharply and after a peak D in the monthly chart there's a lot going on and just as we're wrapping up here the DB the agricultural side is scrolling off through the double top that's the agriculture so have a great great program and check out my daily newsletter and yes okay I'll sing a song again tomorrow but I don't see replay the song