 as a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648. Internationally at 727-873-7618. Let's go to Alan's camp. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in New Jersey. Hey, Jeff, what's going on? Great. Hey, listen, I was calling to thank you. A few weeks ago, you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out, and just a couple days ago, I found $1,000 in my business checking account. That's awesome, man. That's awesome. Yeah. To you, because if it wasn't for your prompting, I would have just assumed, you know, no way I would have gotten anything. So I wanted to thank you. No, we appreciate you growling a problem. I want to see it. Now, Tom O'Brien. Hi, everyone, Basil Chapman, sitting in for Tom O'Brien, Tom's out today, and it's my pleasure to be here. I usually do the 10 o'clock to 11 o'clock Tiger Technicians Hour and my service here at TFNN. It is my opening call. They need newsletter. Let's get right to it. The Dow had a fabulous run to the upside yet again. It went all the way to the 35,000 level and now it's trading at 34,441 or 600 points below that. And in fact, it's taken out the low today. So far it's 34,412. That took out yesterday's low. And what I've been saying to subscribers is that the sell mode in the daily chart is so strong that there's a really good chance it's going to impact the weekly chart. And the weekly chart is suggesting, this is halfway through the week, actually a little less than halfway through the week, that in fact, there's a sell signal in the day, in the weekly chart, but I really have to wait for Friday's close to say whether or not it is a sell mode, meaning just it's a designation. It doesn't mean, oh, sell mode means going to double to the downside. No, it just says, that's it's status. And at this particular point, the repellent from the shaft wave inside track in the up move to the, where are we? We're looking at the monthly chart and it hit 36,565 on the eighth of November and it got repelled from that line. I call this the inside track repellent line. Look, once again, it got repelled and we're gonna be watching this and watch this really close to my Friday's close. Let's go on, we got the S&P. So the S&P was stronger than the Dow for a good part of the day. In a way, it's Dow just 0.04% and the Dow's down 0.25%. It's down $2 at 4564. Can you believe that this morning, it hit 4652. It's almost 100 points, 90 points off that high. Look at these red candles. And one of the things that I've been discussing for some time now is when you measure the high that was the technicals with that doji candle at 4718.50, on the fifth, I believe it was the fifth, I should have put the date, fifth of November, look how strong the MACD was, look how strong the stochastic was, look how strong the on balance volume is at that particular point. Look, even the relative strength and the little gray line, they're fabulous. When you go to a new all-time high on the 22nd at 4743.83, look how weak the MACD's down stochastic's down, on balance volumes pull back, relative strength is bad, but you still have the nine period over the 14 period moving average and that's a big positive. Boom, all of a sudden yesterday and today you've got that S, which means sell, it means that this has gone from a positive move to a negative move. It means that it's gonna have to work really hard to get to the 40, today's high is 4652. I said, if we can start to close in the 46, 48, 4652 level of the next two days, that'd be very positive. So that still stands. So we're watching it closely and you've got the repellent from that inside track, repellent's only in the weekly chart and this is spectacular. We've going from the law of March of 2020 at 2191.86, you've only had one little peak otherwise you've had successively higher highs every single month, all the way to this month, to this past month, November, we'll see December and I think it's going to turn into that. December actually makes a peak B with a lower high not going about 47, 43.83, but you've got, I mean, this is the first trading day of the month. You've got the rest of December to say, all you have to do is get to 47, 43.84, one penny higher and that extends the monthly chart. All right, enough with that. Let's get on to the one that's really possibly the two most important ones. One is the QQQ, the NDX trading vehicle. That's the one, two, three, the QQQ and we're looking at this Invesco QQQ Trust Series which is the NDX 100. What I've been talking about for the last couple of days is if there's a pattern that I look at here, well, there's three patterns I'm constantly looking at. One is a straight line move up or down. The other is a cup formation and the other is an arch formation. You can get a mix of one and two or one and three. In this particular case, you got red, one and three because if this arch fails after just one little peak of an A or a B and then it goes down and it takes out the left side low, that is very negative action. And let's move on and we'll see what happens. Look, the low of 389.77 made four sessions ago. The day is young. We've got another, what have we got? Another, let's just say 45 minutes ago, 50 minutes ago and we're already at 391.50. So if all of a sudden there isn't a rally to save the day but in fact there's further selling, if we go underneath that, you've got the pattern that I call, show it once again, the dreaded H. Why? Because if it takes the left side low out, it can continue down and we're gonna be watching that very, very closely. As it is on a trend line, just about on a trend line. So that's the QQQ. Let's look at the SMHs. Are they turning down for disclosure purposes? I'm sorry, I should have mentioned that we, from a subscriber's to an opening call, we've been trying to short each one of these particular indexes that we think are topping out beside off with the down. We're looking now at the QQQ. We do have a short position in the QQQ. We did have a short position in the SMHs. We just got stopped out. No, I shouldn't say we just got stopped out with just, it depends when you got in. It's a tiny loss or a tiny gain. We haven't got back in, but this says to me, if you look at the left side and the right side of the high that was made at three or 5.95 and the SMHs, the semiconductor index, going to the generate inside track repellent zone back on round about the ninth of November at three or 5.95, pulls back, makes a new all-time high at 318.82 and pulls back, goes under the 14p and moving average that over the nine and the nine is still above the 14. Got to watch this really closely because if at any point in the next week, the SMHs start to trade under 302 that 207.89 low that was made just four days ago becomes a really important support level. And this is the last of the key indices that's been just on a tear to the upside. Let's just go on to the IWM, the IWM, the rest of 2000, what a candle. One of the biggest candles we've seen in years. Let me just see, is that in years? Oh, I would say this is one of the biggest candles. But look at this, this goes all the way back to April of this year. We can keep this going. Even in this horrible move, I just saw the IWM plunge back on the 24th of March, going to the low of the 23rd that the general market went to its low. This was a little later. Even that candle is on as big as this. This is a pretty big candle, ugly. All right, we'll be back in a moment. I was a traffic city for the one and only Tom O'Brien taking a bit of a break and I'll be back in a moment down 65. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. 111 Basil Chapman City in Potomac, Brian, the Dow is now down 140. This is, this is not good action at all. This is confirming the cell mode that we've been talking about for some time now. There's that dreaded age. You see that little age, it looks so tiny now. Look how big it was at one point. Well, I'm not gonna make it, yeah, look at this. This is the same pattern that we're looking at now. Is the, is the NDX100, there are, there's that age pattern. There's another one that didn't even get to an age pattern over the last couple of days. It couldn't write. And you see this line here, this is called a Chap Wave Inside Wedge Target Support Line. The particular techniques that I used to identify it. And this here is the arch formation with the plum line right at the Doji High, where we consider that that was, in fact, the top at 36,565 on the 8th of November. And look at this, the number of bars to the left, from the left to the midpoint is the same number of bars. We're getting to, if by Thursday, is that Friday? By the third, if by Friday, there's a touch of the 34,000, I think there's 104, 34,105 low of the 13th of October. Where did I just, oh, right here, look. In the five minute chart of the E-mini, object of the Chap Wave methodology is to get you to a peak D. Look, there's a D. Then there was this Doji candle low, right on the 200-period moving average at 9.40 this morning. It ran so sharply, when peak A, peak B, this is a five minute chart, peak C right there, I gotta lift it up because the distances are so big now. And then I went to a D. And at the fourth highest peak, it turned around with two little Doji candles and it turns around. And look at this, there's a midpoint green going all the way, number of bars. And look here, five minute bars to the right. It took it out within two bars, exactly. It's called my left side, right side, price, time match. And here is Chap Wave inside wedge, target, support line. It got it exactly and then it plunged right through. And this particular technique says if it plunges right through, watch out because you can do a one-to-one to the downside. Let me just see if that is a one-to-one to the downside. I've been just so busy. I've been able to even think about that. One-to-one to the downside would take you to right there. There it is. In fact, we've just broken that one-to-one support. I'll make this read to show you what I'm talking about. There you are. Okay. So those are just some of the techniques we use. Down is now down 160 points. This is not good, not good at all. And look what's happening. Now we're testing the support line. We might get there even soon. Anyway, that's the way it is right now. We've still got 35, what is it? 30, almost 40 minutes to go to the close. We can still get little by-programs. You never know. This is, I mean, we've gotten every which way since Friday, since Wednesday of last week, since before Thanksgiving. All right. A couple of questions. ZS was this morning, someone had mentioned how we've tacked it with earnings, how it had plunged to the upside. I mean, had spiked to the upside. And then within seconds, look at this, it made a, I'm always looking at round numbers. So on the 19th of May, Z-Stator Inc, ZS is the symbol, spikes to an all-time high of 376.11. That's on the 19th of May. It had a 368 round number high the very next day. I'm always watching these round numbers. And look what happens. It drops sharply to the 329 level, has a fabulous four-day run, and it almost tests the high. It goes to 373.74. Hmm. The news wasn't all that good, because it's gone from 373 earlier today, to so far the lowest 315.49. I would say 60 points, 20% pullback, from the entry day high. I'd say that's something serious. And a lot of these stocks, that's why you can't just go by the QQQ, a lot of these stocks, oh my, QQQ's just took out the left side, low in the dreaded H pattern. Remember, we're talking about on the line. I mean, this is live on the show. So we've just got that pullback and pullback plunge. It's gone below, even if it closes above, it's actually done the damage. This is just suggesting that the rotation that I've been talking about for a few days, the reason why we went into the QQQ's on the short side, is because within the context of the rotation, the lows are made in unison, like on March the 23rd last year, there was this unison combination bottom. That's actually, we went along the Dow diamonds options and the very soon after that, we bought the diamonds, still have some position in those diamonds. And that's all the way from Dow 121,000, I believe. And now what we're looking at is, what the pattern that has formed is suggesting that these weak return, that's one of the reasons why I kept thinking all night and into this morning, I've got a lot of technicals. The Chapman Wave Trun Gauge was very high. The VIX index had made a huge move just about to 29. A lot of it said there should be some kind of a balance today. How it holds was gonna be important. I thought it would hold into, maybe into for two days, I didn't even do that. And now look at this, the volatility index has started moving to leg C in the Chapman Wave methodology and it's gone above the 28.99 higher four sessions ago. It's at 29.25. Are you here 29.25? It's at 29.01. What's really, really, really important about this whole thing is that within the context of the final saga of moving higher in the SMHs, semiconductor index, what we want to see is applied materials, which was a leader going to the high of the 16th of November at 115 round number high. Remember those round numbers? A round number high is so difficult to make, especially today when everything's electronic. He just says, someone's saying, I've made so much money. I'm just getting out. I'm not gonna put 159.09. I'm just saying, get me out 159 and that's it. And they were the top six so far. And then it comes, tries to make a V-shaped pattern but look at the, look at the, distinguish the, the technicals at that high on the 11th, the 16th of November and where it was today. And the magnet is weak, stochastic is very weak at 35%. On balance volume is weak, reticle strength is actually not bad, but it's not good, it's at 52%. And you had yesterday, the nine-period moving average went under the 14th for pink and now it's gone green just for the day. But this is just saying, be careful because now you're looking at the best of the best starting to show some deterioration. And look at NVIDIA. Remember we're talking about the pattern that I love to talk about, been doing it for decades. Is the dreaded H? Why is it dreaded H? Because if it takes out that left side low, you've got to be very careful. And as I say, the day's young, down to 240 right now. Look at this. There's that arching over. And this is the best of the best. NVIDIA, NVIDIA down 11 at 314. This morning it was testing 332.88, the all-time highest, 346.47. And wait a minute, it had a round number 319 below. That means that 319, if it can close above 319, that's going to be at least a short term positive. But if it stays under that for more than two sessions and keeps going lower, that makes that 319 level a very serious resistance. And that was on the 22nd of November. We've got MU, which is Micron. And Micron made an all-time high today of 89.05. GSASH-C in the Chapman-Bethengyargy. This is the strongest on the last week. But it's all-time high. It was way back earlier on in the year. When it was up in the 90s, I think it was 96s. We talked more about it when we get back. That was after 30. That was after 60. Okay. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Gartleys, ABCs, Butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Hi, everyone. Basil Chapman for Tom O'Brien. My service here is the opening called The Indian News Center and I do the 10 o'clock to 11 o'clock show called The Tyke Technicians at our Eastern Time. We're looking at the dial down 251 and we are going to go to Mark coming up right now. Let me just see. I want you to check on everything. Yep, Mark and Ford Collins. Mark, how are you? Good, you had a trade today. I didn't see it until later and I missed it, which is good because it hit the stop. But I'm looking at it now and it came down to almost the 90 MA, 90 MA. I wonder what you're thinking about it. So, folks, all week I've been watching this start, ALQQ, which is our quantum ink. It does quantum encryption technology platform as a service making communications links, secure against the tax. It sounded like everything that you would be looking for and I thought, all right, in a market like this, there was a pullback yesterday. If I can get it on a pullback, but what I said was we're gonna have just a starter position and even that position, I want you to split it into two. And what happened was it had gapped up pre-market. I didn't want the gap up. I wanted a pullback from that. We got that pullback and what I'd said is that I'd done all the homework, just the cup formation, the left side, right side, price, time-match, look at this, from the 41-52 peak C high that was made way back in September, around about the 22nd. It pulled back to 13 round number low. It made it turn around and went to a peak D. Usually I don't like a peak D. Way under the previous high, but this one held so nicely and then it walked the nine and 14-speed moving average. Now I thought, well, we've missed it so far. If there is a pullback and then a rally, that's kind of what I wanted. So instead what happened is we got it on the initial pullback and then it ran up sharply. I mean, we got it at 38.19 and it ran to 41 round number high today and then unfortunately it pulled back. So that was just the first point and then a pullback got us into the second one and then it just even low went down to 32.11 and now it's trading at the 35-12 level. It's still pretty good, but it is leg D and that's my concern, that at D's other things can happen. So Mark, what I'm going to say is this, obviously I'm going to say to you, you're lucky you didn't get in because you haven't gone through the hassle of getting stopped out, but at the same time, I really like this stock. It's accomplished everything we wanted was to go above 41.52. I didn't expect to do that so quickly in one brief 30-minute session. Now what we want to do is just to see how it holds, I think as a longer-term position, it's right in the real house of what seems to be working when the market was tanking, it was running beautifully. My only concern was I thought, well, if it is going to leg D and if this is a market that it's gone higher as the markets come down, maybe if the market rallies today, it'll be weak. What it was more than weak, it was very weak, it's now down to 291 from yesterday's close. I'm just going to say to you, why don't you keep it on your list because everything about it looks good. At this leg D, I have to be prepared that, although we're out, that if I'm going to get back in, I have to wait for some kind of a consolidation because it's achieved that higher leg that we were looking at in the daily chart. And now it's still not, I mean, it's not bad action at all. The MacD is good, Stochastic is good. The unbalanced volume, the relative strength is putting back just a tad. It's nicely above the nine and 14th period moving. Everything about it I like. I just, my timing obviously on this one was not good because I should have said, you know what, anything can happen. Let's hold off for a day to see if it is weak and then maybe tomorrow or the next day we can maybe think of an entry point. But if it closes in the next three days under 32.11, this is ARQQ, awkward quantum ink. That's when you want to start looking at and say, where will it find support? I love that it's the nine is still very strongly above the 14. All of that, everything about it is positive. I just, I didn't expect quite that pullback. I expected some pullback, but it was obviously more than I anticipated. What I'm going to say is hold off for the moment. If you want, if you want to just nibble here at 35.17 being prepared that today's low of 32.11 can be hit. Three points, I don't think at this stage I want to take that kind of a risk. So I'm going to say hold off because the way it's acting, even if it rallies now to 41 round number high, let's just say it rallies to 41.17, 42.30. My guess is that you will get a chance again in the 37 to 35 area, which is obviously higher than the 32s, but I want to see, is it going to make lower highs and lower lows for a turnaround or is it going to be stable? My thinking is going to be more in a rectangle formation and just digest these gains for a little bit. I hope that helps you. But keep it this- When you have a chance, look at square. It looks like it's coming down to some support areas and I've been waiting for it to get into the low 190s. And it made it pretty close today. So I'm thinking- And if you're looking at square, if you, I don't know if you've seen it before I showed it the other day, but on the weekly chart, there's a trend line that's got that falling X formation, lower highs and much lower lows. That trend line is exactly the support it's at. And this is just telling us you've got to be careful in this market because square is- I might be wrong, but I think square is a very much, very much part of the comeback societal aspect of the business area. And if it's acting so poorly, it's really saying, you know what? With no more outdoor dining and all things like that because in the Northeast, because it's getting so cold, maybe this is a problem. So yeah, let's keep the two together and I'll discuss them over the coming few days in my show, the Tiger Technicians Hour 10. All right, thanks, Paddle. Thanks for all you do for us. Appreciate it. Thank you very much for calling. I appreciate it. Was that Jose? Jose Lakeland, hi Jose, how are you? How are you doing, Basil? Basil, I've enjoyed listening to you all the year long. You're a gentleman, you're a peach of a thumb. Oh, thank you. Yeah. Basil, you guys were predicting doom and gloom yesterday with the Dow and the QQQs. Are things following like today's action still confirm that? So there are a couple of things that I'm looking at. Three aspects are really important. One is, if you look at the, if you look, did you want to also look at Caden's design? Yeah, yeah, yeah, I do. Okay, so give me one second. Let me just quickly do this as an overview. If you look at the Dow from the 8th of November at 36, 5, 6, 5, it's come down significantly and the rule of thumb normally is that for me, prices, the number of bars to the upside, very often that's the number of bars to the downside but the final two or three bars on the downside in an arch formation can really accelerate and they can often accelerate to a pretty significant tradeable low. So the Dow right now is down 260 and he's almost at the 34,222. It is almost at that 34,115 level that I was talking about from the left side and will be in one or two days shorter timeframe. So if you put that into perspective and then you look at the QQQ, which only now is starting its downturn, the arch formation, I would suggest that there's a good chance that we are looking at a consolidation that's gonna last a little longer than people really would like to see but if it rotates and that's really important to see we've had the November 8th decline from the Dow, the IWM is even earlier and it's in the rotation at the top. Hold on a second, we'll be right back because these are things that are worth talking about and we'll get to cadence. You wanna hold on? What for me? Great, we'll be back in a moment, Dow's down 220. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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Visit DirectionInvestments.com slash Biotech today. 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 866-476-7523. The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four-Side Fund Services, LLC. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. I'm Orion! Hi folks, we're on with Jose in Lakeland and we're all looking at... Well, first of all, I just wanted to finish that discussion is that markets tend to make lows like March 23rd of last year at a unison level or even go back to March the 6th of 2009, the Friday for the Dow, where we actually went long, and then the Monday, the following Monday where the S&P made it slow. But tops are spread out. So what I'm saying now is that there's topping action, but the most important thing is that people try to think that there's a unified major tsunami thrust to the downside, but so often since the 2009 low, even that 2010 summer, I said, I think we've learned something through that summer, that there was a rotational correction. And as long as this market continually have most of the time rotational corrections, meaning that when one area likes the Dow, let's say if it can suddenly find some support, we might see that it holds up better percentage-wise than something like if the QQQ index 100 is now starting its consolidation. That's the reason why I'm making such a big fuss about the pattern, the lowercase H pattern and how it closes and a whole bunch of things that go into it, but it has made a lower load today for leg B. But your cadence, CD and S, is that correct? Yeah, look, it's exactly the same thing. It made an all-time high. Just a week and a half ago, it had what I call a tapwave two-bar reversal at the top. It went to 190.09 on the 19th of November, and the very next day it had a high of 189.90. That's 19 cents away and slightly lower. That was peak E. The mag D was started down negatively. The stochastic's gone all the way down. On balance volume turned down, but the nine-period never went below the 14-period, except it ran down to about 177, shot up to about 186, 187. And now for two days, you've got big red candles and it's made a lower load. That's that dreaded H pattern, the very same pattern we've been talking about. So I just say this is a fantastic cadence, design systems, electronic systems and semis for end-use products. This is a fantastic chart. I just think it's ready for a consolidation. I'm not saying a major smash, I don't know. I'm just saying for a consolidation. So funny because it fits exactly the QQQ. Look, it's the same, I'm showing it another 100%, but it has the same characteristics where the right side has made this H pattern and how it holds. So in the next two or three days, if the Qs have a big rally to 395 or 391, 23 right now, that can stall the whole thing and go sideways for a little bit. And the same thing with your cadence, I don't know if you are in it slow, but cadence design, if it has a big rally, it's gonna be tough to do because it hasn't participated in the rallies both yesterday and today. But if it manages at 177, 25 right now, I can't just do that. It's got to close above 183. That's really far away. I'd even say 182 would be impressive. If it can do that, it says, you know what? I'm not breaking down yet. I'm stalling and I'm trying to hold up and I'm using up time. I'm usurping downside energy for a sideways move. If in the next few days, it starts to trade under 174, the 171 50 period moving average becomes a target. I don't know if that's kind of the way I'm seeing it. I don't know if that fits into your scenario. A train went by and I missed all that. Could you repeat it? No, I was just kidding, Babbel. I was just going to say, make it real simple. It's got the H pattern if it trades under 175, watch out and if it goes over 179 or 180, that's much better action. I gotcha. And talking about trains, the IYT, look at this IYT, the transportation index I've been spending a lot of time on this 281.45 on the 5th of November, all-time high. Sorry, no, off the all-time high of 287, which is made in May, but it made a beautiful cup formation, failed to break above it and it's pulled back very sharply. And that to me, I was talking about this before, about a week or so, I said, you know, the transportation index is, even though it's got jets, which is the US airline ETF, you'd understand if it's been underperforming, but CSX, which is the rails, has had a fantastic move to the upside. It made a high back in late October early November, around about 35, and then it pulled back, made a cup formation and went to a slightly higher high to 36.57 on the 23rd of November and now it's broken below that. So I think what we're looking at here is, even the best of the best, and I have to tell you that the cadence, that's right in there with the best of the best in the whole semiconductor area, it's just saying, be careful, because if we have a rotational correction right now, we might start to see something like, maybe the small capsule, the Dow, just find some support and all of a sudden, you're looking at an underperformance in something like the cues in the semiconductors. And that's really what I'm warning to say, be careful. This is, when I look at the weekly charts, it makes me a little nervous in the sense that I hear so many people say, all-time highs are coming. Absolutely, when I look at the S&P, not only all-time highs, we're only in a leg B, we still have to make a higher leg C, you can only do that at this particular point, you can only do that in 2022, and then you have to make at least a leg D. So I'm still very positive looking at it, but short-term, this is a well-deserved arrest, and I'm sure you'd agree that, even stocks that have done well, they need a bit of a breather. Yes, I've never heard you bearish before, so this is kind of interesting. Okay, I don't bearish where I've been bearish, believe me, but this is the first time that I'm looking at the rotation that says, if each one of these fabulous moves to the upside starts to deteriorate, then you've got to be careful, because bad news, to tell you the truth, with a VIX at this level, I mean, now the VIX is soaring, it's at 29.73. It's at a level, if you look at my weekly chart, I'll show you this right now, for those of you who are looking at Tiger TV, look at this, the VIX is at a level where other times you've seen huge sudden pullbacks with a market starting a big move to the upside, but it's seldom that you've got a huge green candle like this in a weekly chart. Well, it's only Wednesday, we've still got Thursday and Friday to go, but this is a leg D in the weekly chart, and it's the first time you've seen two big green candles follow one another. It looked like it was going to do that back in the week of the 5th of February, but in fact, what happened was that high that was made the week of the 29th of January at 37.51, same thing COVID fed the whole same story. Look at that sharp pullback. So that's what we've got to be ready for, but my suspicion right now is that it's going to take a little longer because we have to wait for the roll over in the very best of the best industries, and that includes the semiconductors. Hope that helps you a lot. Yeah, Beth, listen, YouTube, John McEnroe's tantrums when you get a chance, it's very entertaining. Thank you, I actually played up, I took a break at lunchtime to play tennis today, and that was really nice to be able to do that. And now we come back to a huge market tour and not so good. Yeah, yeah. So thank you very much for calling. That was a good follow. Thank you. I appreciate that. Bye, Jose. First, we'll be back. Mental Trapper going to have the last segment coming in, the Dow's not down 282, there's to be down 27th. Ooh, sell off into the clothes, we're watching this very closely. Maybe we'll get into some kind of a bounce in the next couple of days, we'll see an overboard situation in the next. I'll be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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I suspect that there's a good chance now that what happens in a market like this is sometimes fund managers are forced to sell some of their best stocks. So we won't know that until a stock like, a great stock like NVIDIA starts to trade into the gap, and if any time in the next week, you see NVIDIA trading under 298, it's at 316, that's a long way to go, but under 298 trading, that is not just touching and balancing, but trading under 298, all of a sudden you've got the leadership pulling back, and that's where you want to see, are we starting to see some basing in the indexes that went down the furthest, the soonest? This is the loss, this is the SMHs, and the SMHs right now is at the low of 3 or 5.39, having almost made a new high at 315, 57 today, the high was 318.82, but look at the QQQ, this is the broad index. I don't use this time to do anything else because this is really important. The QQs are now down five at 388. We're watching it in real time when we start to show it with somewhere over there. Look now at the dreaded H, it's below it, but a rule of thumb is in the H pattern, the price has, within two sessions, it's got to close above the left side low with the technical side to improve, and if it bounces, having made the low, it won't most probably close above the recent high, which in this case is at 400.50, and what's really important is that if it has a couple of days that are below 389.77, that becomes a really ugly scene that says you can have a one-two, one-two downside, and that's the best of the best in the QQQ. I never had a chance to look at Apple or anything else. Have a wonderful rest of the day, folks, and remember, it's a rotational correction so far. We're not seeing it crashing like that with QQs. It's just started to move down to Consolidate. Have a wonderful day, and we'll see you tomorrow, and don't forget, Tommy Jr. kicks us off early in the morning, nine o'clock tomorrow morning. It should be a great program.