 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll free at 1-877-927-6648. Hi everyone, Basil Chapman. On this Friday, the 27th of May, this is the Tiger Technician's Hour. I'd love to hear from you, 1-877-927-6648. 1,234-3869. Sorry, this is a technical Friday. So I get to go through all these things from the questions. I got just a ton of questions, some yesterday I didn't quite get to because I only saw them after the show was finished. So let me just go through one at a time. Why did I go long for subscribers to the opening call? Why did I keep going long and then why did I stay long? And that's the question. So after each one of these, I don't want to go through this part of it. I don't want to take too much time. But this particular candle here, this green candle at this low with a long wick, half of it, which is a body on the upside and a tiny little wick at the top, I call it a Roman candle. Where it occurs at the top, and you can see it here in the S&P. This is the candle. This is at the top at the high of 4818.62. The S&P made a high and this is the same candle that we saw actually one or two bars later after the October high. It was actually the next month back in 2007. I take it very seriously because if there's a trade halfway into the wick on a shorter time basis, then you bound to test the low. Well, and it's also been in many times a serious top. So within that context, this particular pattern that I'm looking at here in the Dow, when it becomes green at a low, not a high, at a potential low. That's where you can get a pretty decent balance. And we've had five of them. The last one I called a chaplain wave. It wasn't 100% the way I like it, but it was in the category of the chaplain wave. Roman candle, long wick, tiny wick at the top, long wick at the bottom and a body half to two thirds above the wick lot. So I loved it and the next day we went long. And on all of these pullbacks we've actually been going long. The main thing should have just been going short, staying short and that's it. Anyway, we had done it right in the beginning. They got stopped down, never got back in. And then after that, we've got these longs. And funnily enough, most of the longs on the diamonds made money because the Dow has been the strongest industry. But this particular one wasn't different because we added to the position because that candle had a beautiful up move the following day. So the candle of the 20th at 30,635 gave a nice signal the next day. The following day, green candle couldn't get above the pink nine-peered moving average and it finally did and we've been adding. And we've actually taken a little bit off because just quick profits like that you want to keep. But we've kept the call of that. We've got the call from way back from April of 2020 still got a call position long there. Now that's one thing. So the other is, that was the question why and the reason was there were candles that had worked and if this one worked for the fifth time but this time was a lot more successful then we get a much stronger and longer pullback. The DOG, which is the DOG is the inverse one to one of the Dow went to 36.65 in leg D in the Chapman wave methodology. Since this is technical Friday, I will take some time here. I'll show you the technical aspect of this if I can get it. There it is. Now just to click on it there. In the Chapman wave methodology, you try to identify the lowest low bar then count each successively higher peak. Your objective is going to get an upgrade from a buy signal to a buy mode. That implies that there should be at least four higher peaks, peak alphabetized, ABCDEFG, uppercase on the way up, lowercase on the way down. As at D, that other things can happen. It can recycle. That's where sometimes you get the biggest move to the downside but that's where you can also recycle within three bars if there's another new high. Maybe even make a brand new buy signal to buy mode. All right. Enough said, peak D is the expectation of a buy mode. That's where other things can happen. And that said, together with the SH, which is one to one short, typed in the wrong place, SH, which is one to one short. The S&P, we got a peak D with an alternate count. And that said at 16.54, that S&P short position should now pull back sharply from the peak D. And that's what we're getting. All right. That said, I wanted to complete that. And I also wanted to talk about using my technical indicators. So in the Dow, you see this rising blue on balance volume. It was way better. And I did this on air the other day. I'll show you going back to the high that was made back in March. I said that high at 35,372 was way technically stronger than the next high, which was higher in the cup formation at 35,492 on the 21st of April. And therefore, we should get a pullback. And we could go even more than one to one to the downside. Well, that was a weak vertical test. And we did pull back. This was a strong vertical test. The low of the, I think it was the 12th of May, was much weaker than the low of the 20th. So a whole bunch of things came into play. And that's one of the reasons why. That doesn't mean to say that we've gone from a buy signal to a buy mode. Now we're going back to all-time highs. It just says you've got the turn. And this is the first time. Look, when we went with this Chapman Way Roman candle of the 32,272 late April, we had a big green candle and then an inside bar, another inside bar, and then a slightly higher peak peak. And then it failed. And then it had to start a brand new move that went to peak deep. And then that failed. So this is the first time we've had a success of, no matter what happens today, we've had higher highs. This is the low of 30,635 going to 32,930. People say to me, so another question came in. How come you always talk about the Dow? And it's 30 stocks and you've got the S&P 500. You've got the NDX 100. You've got the Composite Index, which is 2,000. And you never talk about the New York Stock Exchange. I don't because for some reason I'll have to call Trade Station. I don't know if they even have the new. I couldn't get it asked them. And if they haven't, I'll do it. I don't need it necessarily in the New York Stock Exchange. Very few people actually trade New York Stock Exchange. So I've got the Wilshire. I've got many others. But I don't feel I need it right now. But this is the first time that we've got one, two, three, four, five successive higher highs. That is really important. OK. So I'm finished with that. And now the question is, where do you think this will go? Will this go to get upgraded to a buy? Well, it's 63%. I really need the stochastic to get over 80% and go to a buy mode. But the buy signal can come in if maybe Tuesday there's a bit of a pullback and then Wednesday or Thursday we go to higher highs. But in the meantime, back at the ranch, this is a great leg A in the weekly chart. This is the first one we've had in a long time. And I'm watching that monthly chart. I don't believe this is the move that's going to take us to the all-time highs. But I think it's in the process, this whole rotation. All right. Got that out of the way. QQQ, very strong up 670 today and 306. It's really hard for me to even talk about it. We missed my sixth sense getting the exact low yesterday to buy the Tiki we've had it before. But I wanted that. Yeah. You know, I may as well talk about this because this is part of many of you do this, I'm sure. I'm not the only one. I'm human nature. Human nature. So I'm sure we all do this. I had all typed up and entered into this three times longer queues yesterday. And the one was to go right in it at that particular point. And then if I was wrong, I want you to buy much lower down. I'll talk about it when we get back. It's hard. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. Vista Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. 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Toll Free at 1-877-927-6648 Internationally at 727-873-7618 Time, but this is a lesson, one of the many lessons that gets repeated sometimes. And this is that I had written it up, typed it up to get into the, no matter what the price was, the open in the QQQ, TQQ, which is the Q's three times long, because I felt strongly that we were about to make some kind of a reversal and that's going to play catch-up, but instead what happened, and then add and lower down, and at least we get one position. Instead of the last minute I changed it, maybe it's just arrogance thinking that I know better than the market, never do that. And I put to buy it at, to buy the TQQ at 20, under 27.63. Now, I haven't heard from anyone. For some reason I had to shut my computer down just earlier. I didn't even have a chance to do anything. And I was like 930, 931, I'm back, everything's up again, and I couldn't get all the pre-930, I had the 930 time until about 920, but that's where the Q's suddenly dipped, the NQ suddenly had a little slide. So I don't know if anybody got it beforehand, nobody's told me yet, they've got it, but 27.63 was the number that I said to go to buy under, 27.68 was the exact low. So by 5 cents, and then what did it do? The TQQ right now. So that would have been in the 27s, and here we are. And finally enough, I had 27.83, and suddenly at the 27, yeah, 83, and then suddenly I changed it. So it's at 32.44. I mean, that's up about, now it's today alone, it's up 7% yesterday, it was up 8%. So these things happen, I'm upset, and this thing has a target of, the generate inside reg target resistance line over the next few days, maybe it can get to 33.90 to 34.20. And then we're gonna have to assess what happens next. Just on a very short-term basis, I'm just telling you here that this is, these rectangle formations, I hope that some of, I've spent a lot of time now thinking, because when I came to Tiaf and then back in 2022, I met with Tom in about September, I think it was, 2002, I met with Tom in New Hampshire, and we were sitting, and I had my computer out and talking, and I showed him something, and I said, I think we're gonna get a cell signal, I didn't do anything, and then I suddenly looked, and I said, oh, be careful of the Chapman wave, I think we're gonna turn down, and we kept talking, and we looked, and I don't remember if it was the E-mini, or whatever it is, had a sharp pullback, and that's when he said, hey, you wanna come, just work with us, at Tiaf and I said, if it's educational, and if I can discuss things, on a purely technical level, absolutely, so I think 2003 is March, I think is when I started, and might have been in call. Now, the reason why I'm mentioning this is, the rectangle formation, just look at this, this is after such a spectacular couple of days, the E-mini at 1320, that's 120, on the 26th, that's yesterday afternoon, goes from 4,073.25 to a low of 4,041, so 30, that sounds big, but it's a 30 point range, after all of that spectacular move to the upside, and it holds it from 1320 on the 26th of May to the breakout at 850 AM on the 27th, this is a 10 minute chart, you can tell how many bars there are, right, and it had peak ABCDE, ABCD, and then it pulls back, and now it's in leg D, once again with a breakout, and I wouldn't be surprised if, just within about 10 or 15 minutes of another little digestive phase, this is now the 10 minute chart and there's a lot that I wanted to discuss, I said I'll do a lot of technical stuff today, so let me just do this because I've got questions that I need to answer, and the only reason why, why is your one minute chart GC instead of being definitive as a C, and the reason is that I'm looking at this and it's got the rectangle formation, there's nothing wrong, it's still walking the nine period moving average, and yes, this becomes a D, so I had the alternate count, I didn't have to do anything, it's just for my own knowledge, I don't have to act on it, I'm just being warned that this is maybe getting a little toppy, but the mag D is good, the mag D is just okay, that's the reason why, but look, this is for those of you who use the mag D moving average convergence divergence, look at this divergence between right there at about 950, you start to go down, the stochastic starts to slide, but look at this beautiful 9EMA that keeps you in the trade, so that's really important, look at the technical things, leg E in the 5 minute, leg D in the 10 minute, also with the technicals, but the on balance volume in the 5 minute you say ups, I'm getting a little bit overboard, so it doesn't just say you're going to go crazy and shorten all that, just now you got to be a little bit careful, this is where you could get some kind of a turnaround, big D in the daily, and you can see this little chart right here, the 5 minute has Chapman automated 412700 resistance, well we'll watch it, okay, so technical Friday question came in in the Tiger YouTube, Basil, I would like to buy Dell, now I haven't looked at Dell in a long time, in a two part process, it filled the down gap, and now it has a big up gap in leg B, at what price could I enter? So let's do this, I think I'm going to suggest what I didn't do yesterday for the cues, no I'm not, I'm going to just look at this very carefully, I haven't updated this for ages, 6154 was the high, about mid-February of this year, peak F, doji candle, the Chapman wave silent doji, if you've done my webinars, one of them was based on this Chapman wave silent doji, you know how you can scan, I haven't done this for ages, but I think it was big charts, once I used to use that, as a scan for doji candle, turnaround candles, well this is the turnaround of the turnaround, you get the one, but you've got the other, and I call it the silent doji, because it either happens on the left side or the right side of a potential high or low, and that's usually a clue to say, it's an indecision session, and the direction of the next move up or down is going to be really important. So yes, it turned down very sharply, so now it's gone from the low of about 38, let's call it 3860 for the moment, and it had a height today of 5260, you know when you make lows, and you talk about prices going from 500 down to 86 or whatever it is, that's not the issue, it's the issue if you're longing or holding, but the real issue is the spectacular gains you get off the low, that's the reason why I love to try to get the actual turn, look we've got the dow at virtually the low, the equivalent of, the first position, the newest, latest is at 31579, let's call it 31500, right? And the dow right now is at 32895, we've got a huge cushion, and we're taking a little bit off and we're going to put a little bit back on, but we've got this cushion and that's what you want, so now with dow you don't have the cushion, but it went right to the Georgia period moving average, it popped over it, and now it's pulling back, we've got 549.20, but look at this, 38 to 52, 47 was a 46% gain, in 5 to 6 days, unbelievable, I'll be back, and we'll also talk about the brokers. If you want to take advantage of this sector, now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the gold report with coverage of gold, silver, bonds, DXAU, HUI, GDX as well as more than 30 different mining equities. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Hi, folks. So I've got the skeleton. I haven't updated it. The latest dating, I've got it 21314154. That's what you need it. So this is peak A. And I had drawn all this in, but I just haven't updated it for ages. So what we're looking at here, this is a gray A in the weekly chart. Gray A. Why is it green? Because I haven't got any real signals yet. Until I confirm, I call it gray. And that's just the way it is. A huge move from the 6154 high to the 38s low. And this is still, I believe, I'm going to call it at least for now, A to the downside. That's okay. So what would I do? I don't like this gap. A gap of 44 points from yesterday. Let's go to 43 something. Going 43 to 52 in one day. This is really tough. Now, if you love the stock, if you've done your homework and you really love the stock, then the only thing I can recommend, I prefer, I know that you do options, I prefer that you bought and first of all, I just do an out of the money call option, because the option today, the May, right? I wouldn't even know yet, but May, June. I'd go to June. I wouldn't go later than June. So today's high is 52.60. If there is a 52.50 call, I'd take some of that and I'd go to June. Why? You know what you're going to lose if everything, even if it doesn't get from, even if it gets to only 51, you're going to lose all of it by June, if you haven't taken profits at any point. If it goes even a penny above today's high, I think they'll start to increase that premium a lot, even though it's way out into June. So what I'm really looking at would be June the 17th. But really what I'm looking at is the amount that it gapped up and the amount that it's given back under the 200-period moving average, I have a terrible time with something like this where you've taken, I do realize that today's high almost filled the gap going from the most recent high D on the 29th of March at 55.30 6 points away from the all-time high and this is incredible. So if you do like it why not just step in with you could even do this it's at 49, 47 right now you go to a 50 and the premium on the 50 must have come way down and if it drops even another 30 or 40 cents that premium will shrink even more that might be the best way to do it because all it has to do is pop to the 50.59 200-period moving average and your premium is coming back again. That's the only way I would do it. Now do I like the chart I think it's a great company if you look at the Dell Tech DELL trading at 49, 44 at 5.53 having hit 52.60 earlier on let me do this now you're looking out and you want to add to it so I'm not going to do anything like near-term right this very minute but I'm going to say it made a peak A the peak B and that is a C is that correct 41.16 41 very good ABCD this is made a peak D in the 120-minute chart and as soon as you pull back there's tremendous support at 46.53 that's what you need to know because what if this is just a one-day wonder a lot of the one-day wonders tanks afterwards but over the last two days they've not let's just look at Ulta beauty I'm also upset with this one because I was in Target just a couple of days ago and I'm looking and I'm saying wow look at that and also inside Target and look at all those people and look how beautifully they've done it up this is going to do well and it gapped up the next day and today it gapped up again it's at 413 see this is very different look at the monthly chart G-SASC we saw that in the one-minute chart of the E-mini G-SASC went to that D and now you've got to be careful so there's a chance that Ulta beauty different product all together doing that chart patterns with gaps up this is very different this is a really successful one here I would say to you start a position and then put another position in 398 hopefully not even getting it because it just keeps going Dell's very different it's in the area it's tech no I'm having a tough time the only way I can say is let me do some homework over the weekend let's see where it closes if it closes back over 51 that's really good today or even Tuesday but if it doesn't it pulls back today I'm having a tough time at this gap up level if it was yesterday I'd say to you start a position and let's see what happens tomorrow well tomorrow came and it must be fantastic yesterday so all I can say sorry I can't do anything more than say think about an option call option and let's look at it again in a little bit more detail will this gap ever be filled in this environment I think this gap is going to be filled I think the 47 46 area could be touched at some point so and if it breaks that then there's a big problem no sorry next question I had was a MIMI wants to go through ERF ERF I think we've done this before I got it notated yes this is a brand you buy signal to buy mode now you don't tell me really you're going long yes so this is why didn't I not write that in N a plus oh N a plus a corporation yep that's in the same energy sector that I've been looking at and I like very much in fact we were looking at one I did not get it but yes so this is made a new recovery high in the monthly child leg E this is a new breakout now we can talk about this as a potential chaplain wave inside no sorry chaplain wave chaplain wave restart look that's an instant restart peak E slash A F slash B pulls back and from that load this is still another A B and this could be a C this is an F slash B yes so I'm going to say that I like it very much now the big problem is that oh I got a lower case it should be this is a G a G slash C I like it very much now this is now this is different to what we were looking at in Dell this is in the sector that's on fire this is the sector that's doing really well on a very short term basis I can say to you Mimi yes start a small bit right here it is in legs C probably a peak C today and that should go to a D and then there's a chance that it does some kind of a pullback but the stochastic is a 91% that's great MACD yes thank you EKS and the Dell MACD is a series of moving every trend following momentum indicator that shows the relationship between two moving averages of a securities price and I like I use the MACD in a specific way for years and years and years I like this so I'm saying start your position I wouldn't get too carried away start your position where would I add let's see if it goes to D and then pulls back to roundabout and pulls the gap at about 1430 it's at 1466 ERF is a symbol but this is the most important thing the second arch formation that's forming now in the MACD of the of the weekly I meant the 9 period over the 14 period moving, not the MACD says if it can remain and holds above 1380 for the next 2 bars that's 2 weeks and the MACD can finally cross back positive and stochastic can least go from 51% to 68% or 72% this is going to continue as one of the sectors that is really strong but I'd like to just say start off now at 1467 I wouldn't put a stop in I'd have to have a wide stop if you're prepared to do that make it just for now a $1 stop and we'll talk about it on Tuesday where would I add doesn't make a link on Tuesday then you have to be careful I'll be back in 2021 Are you in the market for buying 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 whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels including per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today The technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the Technology Insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the Technology Insider at tfnn.com for only $37.50 Sign up for Dave's newsletter the Technology Insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee TFNN Educating Investors Biotech is booming but for how long whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Directions Daily S&P Biotech 3 times bull and bear ETFs visit Direction Investments.com slash Biotech today an investor should consider the investment objectives risks, charges and expenses of the Direction shares carefully before investing the Prospectus and Summary Prospectus contain this and other information about Direction shares to obtain a Prospectus or Summary Prospectus please contact Direction shares at 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 this program is brought to you by Vista Gold traded on the NYSE American X under the symbol VGZ let me just do this thank you Duffy N and G producer diversified portfolio crude oil and natural gas a lot of these oil and gas companies are doing so well but I think they're getting a little topic let me show you remember the rectangle formation I talk about this rectangle formation that can last a lot longer than your patients but when it screams up and finally breaks to the upside and goes to a PD times we looked at PDs and then they pull back if it goes pulls back after that at any point in the next two weeks below 1334 the midpoint it can go down quite a bit sharper so I'm saying that's the reason why I'm saying start to position let's reassess next week and if it does get to a D above yesterday's high 14.83 this is keep that in mind it's in the best area but I'm looking at crude oil I'm looking at a lot of things saying you know there's a chance that we could get a pullback leg E out of the rectangle in the crude oil after 114.99 fabulous break to the upside but I think in the 117 area that's where you're going to see something spectacular I think on a very short term basis we're getting a little bit overboard and if that pulls back together with the the wheat and grains and all that that's something I wanted to discuss a couple of things number one is I had discussed this some time ago but I'm going to repeat it now I followed the word recession ever since late 1970s and I used to think about this as a recession I don't care what the economists talk about a recession usually is two quarters of negative growth I'm just saying I recognize recessions and I took about rotational recessions and I've been saying for a long time we're in a recession but it's very selective it's rotating through all the different sectors it went right through the tech sector it's gone through almost every single say even the IYT which is holding the transport sector holding well so when finally the economists say we're in a recession I don't know how many times over the decades and decades that I've been looking at this that's the very day that you want to go long or at least think long because they look at the economists have to be rearview mirrors and they look at what's happening that's number one I wanted to get that number two is I had a question about the buy signal to the buy mode in the Dow I've done that number three is I had to write them down yesterday this is unbelievable I had to read to the bank just I didn't need to get some cash and I just stopped at the bank for a moment and I'm in the bank and I hear a male voice kind of middle aged male voice saying oh my god this economy we are going into the tank and I'm saying to myself Jesus the exact words I've been hearing from so many people and now I'm hearing at the bank you remember when in 2007 when I was saying everywhere I go in the bank I'm hearing people talking about their mortgages and they're waiting for the house to pass and all that stuff that was the sign of a major top dot-com you remember when grandmothers gave up their bonds and they went straight into AOL and all those companies dot-com and I'm saying to myself geez that has to be a positive surely a guy just I looked around to see who he was and I didn't recognize him but he just looked like a regular guy he was dressed to cut nicely he must have come from work and to stop there for whatever reason and I'm saying to myself wow this is this is in the bank I'm hearing him tell the person at the counter so that says to me that we've got some endurance now to the upside at least for a little while okay that's the one thing number four is double bottoms yeah so in the John Mulan in the den you were talking about Dell but look at this I don't know if this is going to work but I am saying when I love you look at those double tops how many how many times throughout the weeks and weeks and weeks of 20 late 2021 and 2022 ever said those double tops almost to the penny are unbelievable and look how many times we pull back well look Dallas had three bottoms look at the equidistance and Larry's coming up for the next show and he talks about I do it in a very different way but he talks about 135 but I I've treated as Arch goes to a cup formation in the same time for men look Dell makes a low of 68. 86 on the 27th of April on the 12th of May it makes a low of 85. 87 and the low three days ago 68. 85 there's your double bottom and it's got a beautiful left side right side price time as it was the next thing I was going to discuss right here look at that left side right equidistant in other words time wise a price wise not not price wise time wise and here we go your parallel make this pink make that green and it's one day late and there it is I love this this is very nice it's green that's pink so so micron trading a 7248 up a dollar and at least as a pattern that says you know exactly what the rules are you break 68 and close under it that's a big problem leg D in the weekly chart and and in the 120 it's only in leg C to the upside so to me this makes more sense of doing some constructive homework I'm not saying go out and buy it I'm just saying this is what I would look at and if you look at the monthly you remember I discussed this I said the highlight was made in 96.96 back in 2021 and then it pulls back to 65 30 points and then it ran his back up to where 98.45 and less than $2 higher in January of 2022 and it comes back and now double bottoms and it's in the rectangle formation we might find that on a short term basis you could go from from the 68 to the 74 pulls back and do that a couple of times and then finally break out and maybe if my current doesn't break in the next two months close under 63 you could just be in this trading band so that I prefer to do the homework like that okay so I've done that Ford Ford is up today up 2.10 percent up 28 cents at 13.39 Eiffel Tower I was asked about this can you show some examples of the Eiffel Tower well I had a question earlier on about from Steve Rose have I been watching the French open and have I ever been to the games there well I believe there was a Charles Rollers Roland Garros Garros it's a pink clay I created a great clay yesterday pink clay looks beautiful um yeah I forgot about that I will watch the open but this is the Eiffel Tower the reason why I came up with this is it looks like an A it looks like an uppercase A you go straight up and straight down alright that's your Eiffel Tower left side right side look at this beautiful price match from the low in 2021 it screams up in the same number of bars so 35.87 rick of the 14th of January comes plummeting down and remember people always talk about oh there's always a staircase up and elevated down or whatever it is um no this I always say this that if you look at these U-shaped formations and if you look at the V-shaped formations or arch formations the couple the arch so often they have the same number of bars on the upside as on the downside and look here it is so it makes a low 12.07 on the 25th 6.25 that was the beginning 20 20 20th on the 20th at 12.07 and here it is nice percentage gain but this is going to need a lot more work with an Eiffel Tower when you finally make that turn you've got to get a really strong move to like a moving average in this case the pink 14.38 that there's still a lot of work to be done but there's the Eiffel Tower there's the left side right side price time match in Chapelweb sharpening your skills as an investor is like getting ready to play a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's youtube channel with Tiger TV live every market day from 8.30 am to 4.00 pm for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's youtube channel and become the investor you were born to be TFNN educating investors you might think that if you want to be 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asked about the ECH which is the Chile iShares huge move up just in the last mid-May it's gone from the 24 area to 36 points that is huge and this is only a leg A and it has to be considered no it doesn't have to be considered it could be a continuation pattern of the previous yeah from that previous up move there so this could be a G slash A that's terrible G says oh be careful everything oh this is gonna go it's gonna really tank and the other one says A says are you kidding you want to buy everything so I'm just going to sell do a little bit more homework on this over the weekend I did look at a couple of others EWZ etc anything that has to do with raw materials I think Chile this is doing very nicely I hope you're in it I didn't see whether or not you're in it but yes the most important thing is I would start a position in your position you love longer term outlooks I start a position at 30.50 and it would be a small position that's reassessed next week it should have a pullback towards 29.50 that's where you would add to it I don't think this is G I think this could possibly be an A but it is really good action and a couple of things and I was asked about the VIX in my webinar in my video that I'll do for subscribers tomorrow my long video that I do for the weekend overview Saturday I usually do it from around and I am so I'll do it tomorrow the VIX index trading at 26.39 I remember I said just now that we might be making just a short term top in the e-mini because of the peak D in the 1-minute chart peak E in the 5-minute chart and a peak D in the 10-minute chart I wouldn't be surprised if we're close to some kind of a high of the day a nice decent pullback would be fine I actually prefer it a little sanity would be nice so now what we're looking at is the VIX index at 26.39 we could possibly go to 27 as the pullback my suspicion is the opposite happens and it breaks under 25.50 my target for next week is the 24 as the 200 period moving edge so I have a wonderful weekend every one long weekend and see you on Tuesday don't forget Tom's got a webinar coming up pick up the full page of the FNN and let's hope that