 The following is a presentation of TFNN, The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Basil Chapman, we're starting off a new month and we're going to look at a lot of things. But first, I'd like to just go and mic in the Tiger YouTube, want to know about HNY, which is Harmony Gold. And that's an AVR. Actually, I think Harmony was on the Var Reefs near Johannesburg, where I grew up as a teenager. I was born in Seapoint Cape Town, right at the tip of Africa, most beautiful area. They went to this mining town where my father's semi-retired and my mother's twin sister lived. Yeah, so I like to see this is the whole thing. I've been talking about this for some time. If you've got individual gold or silver stocks that are doing well, that's the way you have to look at this. As you're looking at a broad, look at this GDX right now. If you're looking at the broad GDX, this is really not a good-looking chart. It will be if there's a sudden spike from 2853 into the 2930 area sometime early February. That'll be excellent. So far, it's just not doing that. But Harmony, and you're absolutely correct. You've done your time-wave analysis. Well, Mike, so this isn't a leg D. Even though it's just a fraction, this is a leg D. When you go very quickly from a peak B to just a slightly within a bar to a leg C, and then a peak C, and then within a bar, you go to a leg D. I'm always a little nervous about that, especially when you're going to a left-side high that was a prominent top. In this case, the high that was made back in December, if I can get my mouse just to start to stop wiggling around, there it is. The high of $6.58 on the 22nd of December, then a plummeted big percentage down to the 540 level. That's 15%, 16%. Anyway, and now it's come back. But what's really nice is the 9-period moving average is over the 14. Price is way over the line. The MACDs start to really improve a lot. The histogram is improving. The MACD is important because the distance, the amplitude of this green line above the pink says that you've got an aperture that says you saw what happened right there when it went to that D and had a chap and wave instant restart, and it went to another D and pulled back and it went to that G-stack C, which became a G back in December. The amplitude that you get, the width between the green and black lines, the wider it is, the better it is. So in this case, it's starting to widen quite a bit in the MACD, and the stochastic is at 77%. It did touch 80, but now it's at 77%. But it is flat, and that's a sign that it's not quite there yet. On balance volume is still lagging. Relative strength is a little great line of the daily chart has improved. The weekly chart, all the technicals there were actually holding very well. The 9 didn't even get close to turning under the 14. This is a really nice looking chart at 647. So if there's a new high, if we see a break, that high could be a leg A or E up. So in this particular instance, the weekly chart above that 642, one penny above 652 starts a leg E. And that's very positive. What's really important is that one penny above it starts a leg D in the monthly. It's one of the few gold stocks that I can find anywhere that has actually gone in a monthly chart to a leg D. I like it. I'm not showing tremendous strength right now. I'm showing tremendous resiliency. So to get this to really break to a whole new level completely, you want to see it today is the first, and it's a Thursday. Let's look at our map, our calendar. Yeah, I'd say within a week by the 9th, if it's held 612, and in fact it's gone higher. If it is actually trading, oh, it'll be fabulous. If this thing can get to 663 and close above 663, it's kind of new territory altogether. Even on a monthly basis, this takes you to 2020, when there were big wicks on the upside, but the body of the candle is never closed. So that's going to be really important. Yes, good eye, good position. And I think this one has the potential. If gold actually starts to turn around sharply in February to the upside, this one should benefit a lot. Great, and I'm going to put it down here. I did already. H&Y is on my watch list. There were a couple of others, but this is one of the better-looking ones. Okay, so now let me go to this question that I had here. Where are we? I did this in the update, but I'll do it right now. The Dow is up 50, and now it's now up 82. Now, as far as that reversal from yesterday's high, all-time high of, did I not take exactly what it was? Yes, 38,588. That was the high yesterday, and I have an alternate count. But what's really important is, I want to run these numbers, and then I'm going to talk to you about two things. One is the number of, let me just change this here because I'm on the wrong platform. There we go. Is that correct? Yes. Okay, the number of stocks that have gone to round numbers at all-time highs, or very close, or within the day before, the day of, or the day after, either the open or the close or the low, are round numbers. Just says to me, something's going on. The number tells me, I haven't seen it like this since I remember the home builders back in 2000, I think it was 2007, 2008. I remember Tom and I here in the den, we were looking at it and saying, uh-oh, is this finally when home builders come down, when they finally came down, they really came down, but it took quite a while, and then I started seeing a lot of round numbers before they made it top. But what's really important here is, I can't say for sure because I haven't tabulated that with the history of round numbers. I just know it. I've looked at round numbers, as many of you know, forever. I mean, I was, when the 1987 crash occurred, I'd already be monitoring round numbers for quite a while. So, and that just gave that October the 19th low, was just incredible, the round numbers, and major, major Dow stocks and other stocks, and that just gave a fantastic bicycle. Is this going to be a reversal? Is this, but the action so far today, this is not the bearish action you should see from a serious top, especially with the, not exactly, but a kind of a Chapman Wave Roman candle yesterday, a red inverted, and even Microsoft. Look at this. Microsoft, look at that. That's a perfect Chapman Wave inverted red Roman candle. Yeah, we are above the body of the candle, up a nine at 407.42. It hit the 14 period moving out. Was that even in, was that even sort of as possible, the 390s when you were up in the 415 area? Well, that's what happens when you get these sharp reversals, and sometimes let's just go to the VIX index, because that VIX index is a great tell. You see, it shot up sharply over 14 yesterday. I don't like when you're at highs and then the volatility index, which actually is making high highs and high lows, has a big spike. As if to say you've been traveling to the downside for a long time, and now you're recognizing it. To me, that's always just, that's just too quick and nervous situation. How I'm going to put together the round numbers with all the different things I'm looking at. Let me just finish quickly. SMP now is up 26. This is pretty good action. SPX of yesterday's kind of the day is young, and that's what we're going to talk about when we return. I'll be right back. That's what Jeff and Tiger technicians are. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. 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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 I will continue that, but right now I just want to look at SMCI, which is super microcomputers. At an all-time high, as we speak, yesterday the high was what? The high was 546.00, round number high. The day before the all-time high was 554.44, and now it's gone even higher. So I'm monitoring these. I can't believe, I mean, I thought I'd go through all of them this morning. I don't know if I'll have time, but the number of round numbers is saying that there are fund managers that say, I've got to get this or I've got to get out, and that's why it's easy just to put in the round number. And those round numbers are usually at market turns, and the number that I've seen now says, what's going on? I can't pinpoint it yet, other than to say on a purely technical basis, I believe that we are rather overboard on the short term. Only on the short term, I don't see the monthly charts, weekly charts at all in that situation. So with that said, let me just get back to our story here. And now let me just click this on to see where I was a moment ago. I was over there, and what is that? That is, oops. Okay, so let's just go back here. We're looking at the QQQ, 1, 2, 3, there it is, up 2.66 at 419.62, not acting all that well off the yesterday. It's been 1, 2, 3, 4, 5, 6 sessions since the all-time high was made. IWM, the Russell 2000, trading up 61. Not that great. It's at 193.42. Now, I just wanted to go for a moment to this. So the gold, you see the way that I had said yesterday, there's a chance that today, if there's the sharp move down in the gold, that the 9p moving average could flip positive. That'll be a good thing. The MACDs, good stochastics rising, the rate of strength has actually been rising for a few, actually for about a week. So that says that gold, based on these technicals, I would say that gold should be right now probably testing the high that was made on the continuous contract on the 16th of January at 2,081. It's at 2,064. Now it's only down to, it is improving. So that's important. Look at the silver. The silver is down 13 ticks. It's just not acting very well. I need to put a high grade copper now. People ask me, sharp move down in high grade copper. I also need to go to the GDX one more time. The GDX is trading. Underneath yesterday's high, this is Chapman, Roman, Canada, if it stays in this range for another 30 minutes or so, it could actually test yesterday's high of 2,877. It's at 2,850 right now. Looking at SLV, that's a silver, that's an ETF or ETN, what is it called? Trust. I share a silver trust. Not looking very good. I want to go to the TLT, TLT right now. Up very sharply in this, in this leg A, still great leg A, because the technicals are only now starting to improve, but the nine-period moving average has crossed positive. You see, there are a lot of things here that are saying, if yields come down, if the dollar, let me just do the dollar one more time, if the dollar, which is pulling back now down four ticks at 10348, actually starts to go to the 10250 area over the next few days, then that should help the market. The dollar holding up here with the USDJPY, that's the currency, so I'm doing this to show you that the currency has made a peak D, just as gold did, but it's also pulling back very gently, it is making lower lows and lower highs, that weekly chart, the week still has another day and a half to go on wall, and it's L, that means the nine-period moving average is just about to cross positive, but it hasn't, I have to wait for it to officially do that at four o'clock tomorrow, and if we look at the EUR, USD, that's gone right, look at the 200-period moving average, it was support before, it went under it for a day or two, and then it ran very sharply higher. Now, it's tested many times, too many times in fact, it's making it, and the stochastic's flat, you see the stochastic at 19%, if it made that U-turn like it did there, that would be fabulous for a turn-up, this just says nothing to see yet, folks, in the euro, so I just need to do that. Now, there are a couple of things that I want to, I think I've covered almost everything I wanted, just one more time, crude oil, up 96 cents, it's 76.81, it hasn't broken out, which it seemed to hint the other day when it went to that peak D that if it held the nine-period moving, sorry, the 200-period moving average, it's 75.81, but it didn't, and today's high is 70, did I say 70? Yes, 76.81, and right now 76.95 was the high. Now, I think I said that incorrectly, because the 200-period moving average is 77.01, sorry. Okay, so this is what I want you to go through. No, before I do that, I had a question that I need to get to right now. U-RNM, uranium, the question was, can I do an analysis on uranium? And what I've done for quite some time, it's about six, seven months now, I've been saying uranium is starting to move, something's going on internationally that says that uranium is not going to have the kind of move that goes up and then comes down sharply, gives everything back, there's a chance that in 2024, uranium has a much, much stronger move that we've seen in a long time. I'm calling this data your lag D, even though it could be a brand you have, just for now I'm calling it a D, uranium up 3.32 at 57.63, this is the Sprott uranium minus ETF. It's broken out in the, it's broken out in the monthly chart. I typed this in and I forgot to put, I think I did it, why am I, I think I did it in the URA, that there was a chaplain wave overlapping wave, let me just, yeah, there it is. The global X uranium ETF made a 31.60 peak C back in 20, about November or so, 2022, 21. Then it pulled back quite sharply and then it had underneath it, it had a peak A, then another peak AB and then I drew this in, and we went along the URA. What am I saying? No, UEC, UEC, which is the Uranium Energy Corporation and I said at the time, and in fact just the other day, I was down, I wanted to add to it and then I decided not to, that had a big spike and one of the things that I've been looking at, but since there, you are a, I think, sorry, UEC, I think we've been long since August, yeah, August of 2023. So one of the things I looked at, I said that nine period exponential moving average is so strong that it looks to me in the weekly chart that this could be a continuous move to the upside and if let's go back to the URA for a moment, because you can see the URA had the same thing, right? And it's just gone to a leg D in the weekly chart as we speak right now. This is a leg, according, I guess a leg B, I guess it might be an A in the UEC, but in the meantime, according to this, a leg B in the in the daily chart, most importantly, what I typed in here, in fact, let me make this darker so you can see. This is a Global X Uranium ETF and what I wanted to show you is this, there's a technique I developed years ago where the price goes up to a B or a C and then it fails and then underneath it, it has a gray A and a gray B, but it looks so powerful that if it goes to another C and then pulls back, you can get what I call a chapwave overlapping wave that says you will go to a D and you can get a chapwave cup and ladle pattern. That's not a cup and ladle, I'll talk about that. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. 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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. I'm up because I have just a ton of questions coming in. Uranium spot, uranium minus ETF, that is trading right now at 3.44, up 6.33%. I am calling this just for now a D, but really everything about it says that it's holding very well. It's gapped up, it's gapped up before then it fills the gap and then it goes higher. The technical is all mixed and that's the reason why I held off just a tad to say we will add to our UEC because we've already taken nice profits off some parts of it after our core position, but I want to add back to those. I am looking to add back and one of the reasons is I think this is only a leg C in the monthly chart. I don't think it is a leg C in the Chapman wave. The reason why I was at the URA was to discuss this. In this technique that I developed, a cup and ladle, a cup and handle is where you go to the previous high, the lip on the left side, and then at that point you stall and then you make a little bit of a cup formation. So you've got the big cup and now you're making a little handle and then it breaks out. Investors business data is forever as long as Neil had his techniques in there. That is a major thing, but you've got to get the lip exactly on the right side with the pullback because my theory always has been that the cup and handle is a lousy pattern because you invariably go up and then you come back into the handle. That's what happens almost not with a Chapman wave cup and ladle. That's a breakout to the upside that says you're going to go from a peak C to overlapping the previous one and that should give you a really strong leg D and that's really a much more powerful move. This so far it's only starting a leg D. I don't know where it's going to go, but all the technicals in the monthly chart, that's the longer term. That's your larger tide. These are little mini-tides here. So the tiny mini-tide says on a very short-term basis, it's getting a little choppy. Choppy might equate to choppy, but actually I'm just saying choppy, but the bigger picture says it should go high and I don't know what that means geopolitically or globally. I just don't know, but it's a very good sign. So I've done that. That was TLT. Let me go back because this is really important. So the yields are going higher. The TBT, which is the inversion, that made it... That's refresh. There it is. Made a peak D in the chaff wave and the 9-period moving average has just gone negative. So I have to wait for the end of the day, but at this point I'm very close to giving this a down arrow, which means it's in a cell signal close to a cell mode. And that says it yields. This is so fascinating. Yeals are doing very nicely. Let's just look at tall brothers. Tall brothers made a round number 100, almost at the top, most recent, all-time high. Most recent. The all-time high recently, it was 99 on the 14th of December and then the next day made an all-time high of 105.95 and then it made a high of... No, then it made a round number within 100. So it's got all these round numbers and where's it right now at 99.56? And that just says to me that the yields coming down and the homebuilders means that you must keep an eye, but these homebuilders do very overboard, just on a purely visual basis. The technicals say that MACD weekly chart of tall brothers is still strong. The 9 is way over the 14. It's going to take a pullback to the 87 area or lower before the 9 period in the weekly chart goes negative. So let me just try to put the package together because it's ongoing. It's a week ago that I started talking about secular move in uranium. That's what I'm looking at right now. Now, let's just go back to where we are at this particular point. I just wrote down... Let me just do this. Look, meta. Meta had a 398 round number. Yesterday's high, three days ago, the high was 406.38. Yesterday's high was 398.00. It's trading at 399.47. Now, in a sense, the way I had always done round numbers, that going to, if it's on the upside, going to a new recovery high after that round number doesn't negate it. It just says, you have to wait. It's going to become important, but it's not important right now. But then, because I mistyped something in the den, I thought, oh, let me look at MET, which is MetLife. And lo and behold, MetLife made a high yesterday, not an all-time high, the all-time high was 77. Back in 2022, but it made a high yesterday of what? 71.00, and it's now down almost 4.65. Now, you tell me, huh? 77.00 round... round... number high. You know, it's going on, and it's a leg F, maybe a peak F in the weekly chart, and this is interesting because it's gapped down. It's a huge gap down today. It's down 4.8%. That was just serendipitous because in the den, I typed in METS, but I meant Meta. And I can just go on and on and on. I mean, GD, this is General Dynamics, made a 269 open on an all-time high yesterday. I just could go on and on, and I don't want to waste time. Do you look? Vertex. Isn't that the company that has the view diet, uh, medication? Vertex. It opens at 4.30 round number three days ago, has a 4.48.40 high, and it's trading at 4.34 right now. Uh, yeah. It's trading at the bottom. It ran up and now it's it's tuning around there. I mean, I just, uh, Microsoft, uh, we've already done Microsoft. Otis Elevator. Otis Elevator. Um, had a 90 the day before it made its attempt at an all-time high yesterday and then turned around. So that 90 is trading right now at 88.54. You just don't get round numbers. If there isn't something going on, now the question is, what's going on? I'll deal with that in a few minutes time, but most importantly, I want to, um, go through, uh, in the, uh, let's see, a question came up. I, where did I see? Where did I see it? Yes. So a question came up. Uh, let me just deal with it right now. So this is natural gas because I think natural gas just had something come out. Natural gas, uh, the letters you see here are all notated by me by hand. Every single thousands and thousands and thousands, tens of thousands, hundreds of thousands of charts have are notated by hand. But when the continuous contract gets reconfigured, I use those notes. I use the letters right above the notes. I have to redo it. So this did go peak A, peak B, natural gas, peak B, and the continuous contract on the 9th of January at 3.109 pullback and even now it is down 0.01 to 2.08. Man, United States natural gas, uh, what is going on? Not a good job. 1,338 recipes at 29. Not bad, oh, yesterday's big pullback. The gold report. As a precious metal 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 U.S. 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. Tom O'Brien has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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An investor should consider the investment objectives, risks, charges, and expenses of the Direction Chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs at 866-4767523. 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, Foreside Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Hi, first, we're back. So, within the context of the question that comes up, there's a question that I've had a lot. At significant lows, I like to see round numbers at highs periodically I will look and I'll say, oh, isn't that an interesting round number and then I'll pull back very sharply. Look at this. Here's one. Let's see where it is. I haven't even followed it for a while. Here's Toyota Motors. It makes a 202-point round number. I spoke about this about a week ago. And what happens? It has another pop to the upside with the tiniest doji candle. Doji candle means that you open and close it about the same price. But I'm also looking at the amplitude of the candle. It has a high of 202.41 and a low of 201.51. That's the three points when it has much bigger moves. And what does it make? 202.41 high and it's trading at 200.56. So, I tend to watch those things very closely to see if, in fact, especially with all the little doji candles at these highs and then it pulls back. I put it in and then it tells me over a period of weeks whether or not that was important. But I needed to mention it because it is something that over the years we've taken a lot of time to notate the ones that occur and invariably they occur at market changes. Now that doesn't just say, oh my god, that means we're going to crash. No, it just says that there's a chance that fund managers are saying, I've got to have the stock and I'm not going to type in 222.31. I want it. 220. Give it to me. I've got to get out. This is just way too much. I'm very nervous about this. I'm taking some profits and then they just put in this quick bid at a price instead of saying at market, they put it at the price. And that says to me that there's something that I cannot ignore. So, what I'm saying is, I mean, let's just see, okay, let's go to Goldman Sachs. Goldman Sachs, very important stock, makes what? A multi almost a two-year high at 386.00 when? Yesterday no, that was the open. The open was 386. That's right. That's what it says open. The high was 93.91 and it closed at 384. And now it's down today 99 cents. Why is this important? Because Goldman Sachs is, I mean this is at the high right here at the almost the recovery high. To me it's an important thing. I don't know what it's going to mean later on but when I see this many CRM salesforce.com salesforce makes the tiniest little doji candle high three days ago. It had a 311.25 November 2021 high. It plummets down to the 100 and what was that? I can't remember. I typed it in 100. About 190 something low. Screams up again and it rallies back to 290. 100 point rally. That's fantastic. And then what happens is we wouldn't have put the day before on the 29th of January it goes to the lowest 283. No 281 and it goes to a high on the 30th of 289. 29. Here it is at 283 and it's pulling back a little bit. So I'm making notes that and the monthly chart is only in a leg C. So that just says yeah this could be a time or a price pullback. I don't know yet. But I'm putting in the cards because one of the reasons why we've started short positions so far they kind of working. But wow to say the day is young and the week is young and the month is young. This is just based on other techniques that I use and all I can say is that the market has to tell me whether or not I'm correct or not. So the question came in and this is what I wanted to get to and this I think is very important. Yeah I read the YouTube comments. Mike had a question. Yeah I really did it. H&Y we did it. So David in New York we've already done that. So let me do this. The SMH's that's the semiconductor ETF. This is the Van Ek ETF SMH is a symbol at 186.20 up 35 cents made a high of 195.90. It wasn't just a high. It was a leg C in the monthly. It was a kind of almost like a butterfly. Longlegged doji with a very tiny body. It's a doji type candle in the in the weekly chart. Probably going to make a peak D if by tomorrow at four o'clock it hasn't gone above 195.90. It has this red candle at a peak E and that is on the 25th of January goes to 195.90 and then it gaps down and it hasn't really fulfilled that your advanced micro devices advanced micro devices. Yeah but advanced micro devices trading at 168.60 right now 93 cents after making an all-time high leg D in the monthly only a B in the weekly and FSNS C in the daily chart at 184.92 pullback quite sharp but the 90 slow way over the 14 magnies just crossed negative stochastic just gone negative under 80% on balance lines pullback the NVIDIA NVIDIA had a round number listen to this has a doji candle on the 30th of January a tiny little doji candle after being one of the most spectacular stocks from 100 back in 2022 it screams to 634.93 it has an open on the 30th of 629.00 it has a low it gaps down yesterday and has a low of 107 round number and then it balances today a little bit up 6.70 at 621.91 this is going to be a clue if next week I don't care where it goes in the interim if next week it closes under 6 622. that means it will be down 30 points that's a 5% so if it closes down under 6.90 under 6.90 let alone 6.77 which is where the pink 9 period moving average will occur since the green is so so far above it it's a long way to go and it's in the leadership position it is the leadership stock but stocks no matter what happens get tired and this move to the upside there is a chance there is some kind of a digestive phase right now starting in the semiconductors look at advanced micro at AMT this is applied materials makes a peak D in the chaff wave and gaps down has a full gap from the higher of the 178s D almost certainly in the weekly chart so I'm just saying to you that there's a chance and this is the way I'm playing it that we are making some kind of a rotating top in the markets spent a long time trying to talk about that didn't I and we'll see and the evidence is going to be only by Friday of next week we will know AQST let me just do that for the Dan AQST T yeah nice move up today 2.57 it needs to get to 260 feet it's a really short cornering upside in the top of that 1 dollar for the year there's no catch or added costs when you join our community of 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watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors 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 let me do this real quickly so I had a question then about Marvell it's in the semiconductor area made a new recovery high at a peak D a few days ago at a round number no it had a round number 70 where was it 70 was round number 70 we had a round number 70 close at peak D at its most recent high and now it's trading at 65 be careful question about MSOS this is a sector I'm not saying be careful I'm saying this is looking good advisor shares pure US cannabis sector upward 18 at 9.57 leg F it could be an instant restart leg C in the weekly chart I like the sector very much we're in it and yeah so just my signature subscribers this morning that if there's any rally that fails today and the down closes lower general market closes lower that's what you want to see if you bearish which we are right now so have a great day and stay tuned for Steve Rose will the great programming coming up I will see you tomorrow and to check out my opening call my dating newsletter