 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Very important session today, folks. It isn't often that a Fed meeting coincides. I remember one distinctly where it was a Fed meeting. Must be 15 years or so ago, where immediately after the meeting, we started a two-time short Dow position, which worked out well, otherwise I just cannot remember when a Fed meeting actually coincided at the exact bottom or the exact top of a particular market cycle. So all I can say is that within the context of what we're looking at here, I'm going to go through exactly what I would be looking at in terms of a reversal regardless of what the Fed does. Okay. So let's just start off here. We've got a little doji candle and a leaky. If you just look at the chart pattern, if you look at this almost, let me just draw this in. I don't want to mess this up. I'll do this live so I can take it off very quickly. Let's just go from here. I've got a technique that I call Chapman Wave, parallel extension. It's the one-to-one parallel extension. There are certain cases where I use it and there are certain cases where I just have it there sitting there saying, hey, are you able to do anything and if not, why? So here we are. Look at this. The Dow move. Let's just add this new parallel, make this light green. There it is. Easy. Easy. Right. There it is. And I'll start off there. And what do we have? A rally that could go to $36,600. That's on the one-to-one extension from $32,586 to the high of $34,588 on the June the 16th. So it's from 25th a month later, less than a month later on the 16th of June. It stalls. It comes back down. So you can call this an A to B equals C to D. It's got that pattern. But I like to use it as you see the degree, the angle, the time lapse is a little longer and when it's longer, then you always get a variation. So within that context, we are within a range, but that's just on the price. If you look at the indicators that I use and I have to confess, we are short the Dow. We've been along, you know, from 2020, from the low of 2020, from the low of 2023. We've had trading positions short and long, mostly long. This is the first time we've gone short in a little while and here we are, we are short and at this point, it's just a little underwater, but that's not the issue. The issue is I based it on a peak D in the Chapman Wave methodology. Look at that peak D, this sharp sell-off we had on the 16th of June. Very often, especially with the Dow, these become really important. That is the fourth highest peak in the Chapman Wave. Well, so far it hasn't worked in the sense that we've gone to higher highs. Not only that, we've gone 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12. This would be the 13th day if there's a green candle, even if it's by 0.05. It doesn't matter. It could be underneath yesterday's 35,000, 527 high, but here's what I'm looking at and this is something that I went through yesterday. I went through when I was interviewed by Tom yesterday as well, but I need to discuss it again. I need to discuss it sort of for myself because I was a little ahead of what we should be looking at and I actually didn't do this. It would be so much clearer and so much easier. I've got a bunch of questions that I do want to get to, but at the same time, I need to just articulate my thoughts mentioning right at the opening that it is seldom, in my experience, I haven't gone back to actually notate it. I'm just doing it by memory, but very seldom have we got a significant turnaround from the day of the Fed speak. This happens to coincide with other areas that say to me, wow, I've got so many peak Ds and Es in the Chapman Wave methodology and so many of the instruments that we look at, this is exactly the time where we should have a breather. But wait a minute, this technique that I use, the 914, is the one technique that I wonder if I can just do this to demonstrate it live. Let me just see if I can do that. Yes, I'll demonstrate it live just to show you something yesterday. I never expected it. So I just missed it completely because my expectation, my head was one way and the reality was another. But in my show at exactly this time yesterday, the 9 pre-moving average crossed positive in the 10-minute e-mini chart, it did not close negative until for one very brief moment at 410, 10 minutes past the opening, eastern time yesterday. Look at that move. It went to a peak E and then it turned down and one will pop for the M-shaped formation and then plunge down and then went into this long rectangle, narrow rectangle, and it's pulling back since then. It's been pink ever since across negative 10 to 5 this morning and it remains negative as we are talking right now. So that's the power. It doesn't matter the time frame. This is the power of this particular technique. So now let's go back to our story and our story says, OK, using that technique in the daily dark chart, and I showed this one to subscribers, I'm opening call back May the 3rd, 2023, even the dial is at $33,684. I discussed how this right shoulder looked like it was going to turn down that we could in fact start to go down and of course we did go down because it deflected lower and then the 9 pre-moving average turned pink and it stayed pink until the crossover back in June 5th. So now we are still green. Having held, fortunately we've held the low from October and we're still holding the long position. But this is different. Look, just using this one technique, if we had trades, I'm not going to talk about the trades because they passed 10s. Most of them worked out really nicely using the three times long. But look at this. Look how high the price of this is a closing price chart. Look how high the gray down chart price movement is up there. Here's the 9. It's way above the 9. The 9 is way above the 14. To get that negative, you'd have to have some really bad, dark news to just not just once, but days on end. It'll take almost a week or 10 days of just hammering away at bad news for the dial to plunge into the 34,200s where I think that's where you would see the green turn to pink. That's the dial. Here's the S&P getting closer, much closer. Look how it's working very hard to remain the price of the S&P, to remain above the 9, but the 9 is still way above the 14. That's a good sign that the S&P right now is down 5. You've got the QQQ. It's a little different chart, again, 1, 2, 3, different. Look how close it's getting. It's getting closer and closer, but it hasn't turned down. I suspect if the Qs go to 371, they're at 377 right now, that's about 92% drop. Then you'll get the green going negative and you'll get the price down quite sharply. IWM is actually holding pretty well. It could deflect at higher, but it's done that before and then it's come down sharply, but here it is. This very moment, up a dollar and three cents at $195.98. So I'm using this and I'm saying, wait a minute, and the S&P is 30 negative. It's down to $152, but it's up to 4.81. But look at this, the 9 is still over the 14, but it's getting closer and closer. It hasn't turned down. I would be right back down three. Determined down, I'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, Educating Investors. 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Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks, let me just go finish this up and then I got just a ton of food today. I'm just going through stocks after this is done. We've got the dollar only down three ticks right now. It's holding very well at 1 to 1.26. The ninth-tiered moving average is still pink. It's got a long way to go. It could probably be about 101.90 to 102.32. That area will start to see the pink ninth-tiered moving average getting closer, turning up. The MACD is good. It's not great. It's just, it's turned positive. Stochasticity allows it at 41%. And we're looking at the EURUSD just quickly. Here we go. It's pulled back. It's trying to, it's under the 14-period moving average. So I've had to put it down arrow. It's in a cell mode. It's actually a cell signal to cell mode. It needs a lot of work to change that to get back into a buy signal again. But, and there's a peak D probably this week watching closely USDJPY is the yen, dollar yen currency pair. Sharp pullback actually from a peak B. The, these MACD hasn't turned positive. The nine hasn't turned positive over the 14. Stochastics at 52%. It's got a lot of work to do. And that just tells me that any rally in the dollar is probably going to be shorter term, not short term, but shorter term. And we're watching that closely. Look at this high-grade carpet. Let me just finish this up. High-grade carpet in the higher range at the 200-period moving average. It's been stuck there for a while, but it is, sorry. It's in the higher range of this, what I call the rectangle formation. It hasn't really broken out. It'll break out as at 4., at 3.89, it'll break out if it can get to 4.01, something in that area. And I just wanted to show you crude oil is trying its best to get to that higher high. It's at a leg C. It'll make a peak C if it doesn't go in the continuous contract, doesn't go above the high of yesterday, which was 79.90. At 79.91 today, it extends to a leg C. If it's tomorrow, it goes to a leg D. It's in D in the weekly chart, a very quick one and a very narrow range. So this is a very good bounce. I don't know if it's more than that just at the moment. And let's just quickly at US bonds. I spoke about that earlier. When I did the update, US bonds in the lower range meaning the yields are up in the upper range. They haven't broken out yet. Okay, now let's just go. So yesterday, I didn't see until the last minute and then actually I didn't see until last night. CVNA, CVNA, there's a corona. Chris said that they've had it for a while. They're thinking that it's getting a little overboard. I just quickly sent out an email saying, I would have said to you yesterday when I saw if I'd seen your email at 10.15 when you sent it, I would have said just because you asked me the question means that you're a little bit nervous. Why don't you just ease your nervousness by taking something off immediately? Just a small tan, just a small portion and try to even think of it as a portion that you're going to take up but you're splitting it in two. You're taking of one portion immediately. And then you look at the number that you say, okay, if it drops under this level I definitely want a lighter position in this stock. It's done fantastically the week, Kovana online order sales. I'm not sure why it's gone from under a dollar. Yeah, what is that? Was that the low? Yes, oh, sorry, not under the dollar. 355 was the low back in December of 2022. And it just hit the other day. Give me a break, 57. 57. Wow, I mean that's a 12 bag or something. Okay, what we're looking at though is it looks very much like a short squeeze and if you've got the gap and it's trying to pull the gap from about five sessions to six sessions ago it's trying to pull that gap. So guess what I'm looking at? You've had a spectacular position. I don't know in this particular environment where the Kovana has enough say electric vehicles, the EVs that it's going to make up for an increase. I mean, I don't know what the PE is but this looks to me like it is extremely overboard. So I would take more than a tad off and I would keep a core position because you're much lower down. And I wiggle around looking to buy and sell within the context of 50 is probably going to be, now I'd say 47 is probably 47 to 48 could probably be upside resistance over the next couple of weeks but I wouldn't be surprised if this actually tests the 30, 39 area just under the 14 period moving average that's 4%, that's 10% below this. So I'm going to suggest if you haven't done it already take a little bit more there is a story here maybe out of all those vending machine cooperators, sales people. This is the one to be in. This looks, it looks to me like a short squeeze on the weekly chart and that's very unusual. So I'm just thinking the 39 to 36 areas probably that's going to be a really good test of 2023 this year's upside potential. Yeah, I think that's what I'm uncomfortable saying that. I'm wrong if it will have to have speed to correct everything that's happened down the downside otherwise it gets a short term Eiffel Tower pattern straight up, straight down making the 3460, what is it? Yeah, 3460 low that was on the 13th of July that's going to absolutely be key. Meantime, that's what I'm recommending. The other one that you asked about I believe is open that's open door tack ink and I'm not sure where you got into this. This one's a little different. This is at 443 I would have said yesterday just because you asked the question it also made a peak, this was a peak F what was that? C, V, and A was that a peak F? No, it was a peak E. So this is a peak F in the daily chart, peak E in the weekly chart, monthly look looks horrible but this is a really nice start to the upside. This is a little different. It's up to day 10 cents at 445. I think this has a story attached to it. I don't quite know what the story is open door tack ink but most importantly, I like the way that it's steadily come down it held above the left side low of the 355-ish area trying to rally. So this one I'm saying take a little bit off and in this particular instance I would take a little bit off and I'd wait two sessions. Now I'd wait until Friday at four o'clock. If my Friday at four o'clock this has not taken out the low of three days ago which is 442, even if it hasn't gone up very much but it's holding steady, that's all I would use. Take a little bit off and I'd assess and the reason why I'm saying that because of the weekly chart, the steadiness that it made higher highs and higher lows even though there's a lot of parallels with the chart pattern, I like this one because I think there's the price action is telling me there's a story behind this. Why? Look at the way it pushed it used the 200 period moving average. I already noted this is the one that was I can't remember now if it's even on my list I think it's one of those that might be even on my list as stocks that are watching stocks let me just go to this open, open, open. L, M, R. Yes, I've got it on my list. I knew I recognized it. I'd already done all the work for it but once it broke out I thought oops we missed it and did a beautiful left side, right side, cup formation, time match that's the price symmetry and now it's gone a little bit higher and then it went a lot higher. I mean over the 200 period moving average resistance then it became a champion support. I kind of like this so I'm just saying take a little bit off just money management says you've had a really good gain it looks like the market could, it doesn't have to but it could become a little vulnerable over the next few days going to Monday or next week so it might evolve there. So right now if it takes out the next few days before 42 level then I take another little bit off and it's got that gridded age pattern. For the meantime I haven't even been able to put a down arrow in it so it's looking good. Down's up six I'll be right back. Attention traders, Larry Pesevento, the renowned trading mastermind is holding an exclusive live trading event on Wednesday August 2nd. From 9 a.m. to 2 p.m. Eastern time transform your trading skills with the real time wisdom of a Wall Street veteran. Just $295 gets you a front row seat to this power packed session plus a month free of Larry's sought after newsletter Fibonacci 24-7, a $97 value. Elevate your strategies, decode the markets and achieve your financial goals. Remember this event will be archived for all attendees and Larry only does a few of these a year. Don't miss this opportunity. Sign up today at tfnn.com. Secure your future and start trading smart. T-F-N-N, educating investors. 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Don't forget, you can listen to T-F-N-N live on your mobile device 24 hours per day. Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV. Hi folks, I'm not sure whether I'm back on again. I'm just going to keep talking and as soon as we'll see if that's working good. Okay, got this out. So we have, I'm, I cannot hear. Elle, can you give me some sound, please? Good morning, Basil. How are you? Good morning, Earl. How are you having it from you in a little while? What are we getting to look at? Basil, I'm the blessed of the Lord and I hope you are too. I take a look at TLT. Yes, sure. What are you doing and what can I do for you? Well, I'm in the camp that we're headed into a strong recession and I want to, I'd like to take a look at TLT, you know, in the short end and going into that. So, you know, for me, the chart formation itself has been a very easy chart formation to read. I suspect that over the next, this is a weekly chart right here. If you can see it, the one in the middle is the TLT. On the left is the daily. In the middle is the weekly. The TLT, the ISHA's Treasury Bond ETF. And on the right is the monthly chart in a sharp down move that keeps making these dreaded H patterns. That looks like a lowercase H. Fails on the left side, makes a lower low. Fails on the left side, makes a lower low. Fails on the left side at a peak A or a B, makes a lower low. Fails again at an A, but it hasn't made a lower low yet. And that lower low is 88, I'm sorry, 90, 91.85. So, within that context, what we're looking at is the rectangle formation in the weekly chart has a larger arch formation, which goes from 91.85 up to just about 110, pulls back to 98.88, bounces again, goes to about 109 or 108, pulls back, and it makes a slightly lower low at 98.85, 3 cents lower than the one that was made back in March. And what happens is each arch is making a lower turnaround. In other words, it doesn't go towards the high of the previous one, it keeps making a lower one. So what we're seeing is lower highs and lower lows, but all within the rectangle formation. So I'm going to make it just real simple now. I'm trying to make it simple for months and months, saying we're in this trading band. If you look at the TBT, which I always like to do, I like to do opposing chart formations that says on the one hand, this and on the other hand that, just like an economist says, on the one hand we can get a recession, on the other hand we don't have to get a recession. So but we're looking at it just in terms of you're thinking that if yields go much higher, which is what you're thinking, they will go higher, then that's going to impact the market. That'll probably impact areas that it hasn't so far, like the HEX, which is the housing sector, which is up at all time highs, as we're speaking it's within just the points of all time high, which is unbelievably unusual. I mean, we just do not see charts like this under, there are so many patterns that we're looking at now that for those of us who've been around the block a few times, this is so unusual. I'm sure I could say to you, Earl, if I'd say to you rates are going to go from almost zero to four percent, five percent or even six percent. So let's talk about this as more in line of the 30 year Treasury bond yield. You would not think that the housing sector would go to an all time high. So there are so many other factors going on. If I said to you, in this environment with all the bad news with emails, I'm sure you get them as well every hour of the day. What is my last one that says, have you got out of your bank? When we said protect your wealth, is your bank about to go insolvent? Just over and over and over, because scare the daynights at everyone. And yet you've got PAVE, which is the GlobalX US Infrastructure Development ETF at an all time high, as we'll speak in this minute, 32.13. So I wanted to put it into perspective to say that if it's going to be bonds, and I'm just going back to the TBT for a moment, because that's the inverse of the TLT, that is up in the higher range, but it hasn't really broken out. In fact, the Weakly Child has already made a peak din that's pulling back towards the mid-level of this long rectangle, which is at 29.80. The close under 29.80 says, oops, be a little careful because it could go even lower. But this is basically we're looking at the yield, and I'm going to go to the TNX for the moment. TNX, there it is. TNX has got a peak C in the Weakly. It did break out from the downtrend, the downtrend actually, but it's come back to retest it. And the multi-chart on a purely visual basis, and you're always going to be careful because the visual basis sometimes, if you don't put it together with the technicals, can give you a false sense of something. It looks, in this particular case, it looks a little toppy, but in fact, the nine-period weaving average is way above the 14, which says there's still internal strength in the 10-year treasury note. So I need to just give you a background because what I wanted to say to you is, I would personally look at levels that pertain to the direction, the bigger direction. And as far as I'm concerned, if the TLT trading at 101.46 on a weekly basis, not just into a week, but on a weekly basis, actually closes under 97, I could say 98. I'm going to give it a point, 97. I think that changes the scenario very much. And it says that those yields that we were looking at a moment ago and that cup formation that was trying to form in the monthly chart of the 10-year, let me just see if I've got the TYX. Yep, the TYX. You see the 10-year is a little stronger than the 30-year T-bond interest rate continuous contract. Let me just go back there and say TNX.X. Yeah, just not inch a month, but not where we stand right now, but inch a month, it did go to a higher high than the last peak. So there's a slight difference. So I'm just going to make it as clear as possible. If you've got the patience, you're going to have to wait. And the reason why I say that is that what the Fed announces today, it seems pretty certain that they'll talk about you're doing something immediately with rates. Right, it's really what they, it's the outlook. But if you're looking at what I think they do look at and they have to look at it if they already do their due diligence, look at the way the DB Agricultural Fund has acted. And I actually put these two together in the sense that if you look at the monthly chart of the Agricultural Fund, it's got the same cup shape as the TNX. Not the date, not the weekly so much and not even so much the daily, but the monthly. So I think that if they're looking at inflation, there have been a lot of areas that have seen a deflationary aspect in over the last couple of months. But in fact, you can't exclude the grains and the grains really pertain to everything that's, you know, everything that most people need to buy in the supermarket, not have, not, not have a choice. They really need to buy that stuff. So I'm just going to say to you, but actually hold on a sec because there's one other thing that I want to do that I'd like to give you kind of a comprehensive look if I need it for myself. I'll be right back. 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 US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, 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. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. 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The XC in the monthly chart just says it should still go to a deal, although I had one moment that I could have called a phantom peak. So this could be a D. That's not the point, it's got a D in the weekly chart. Peak D in the daily. And I'm just going to say to you, Earl, if you start to see BLDR at 141, start to trade at 137 or lower. If you start to see toll brothers, T-O-L, oops, T-O-L, peak D in the daily, actually a winter, speak to an E and then a D in the weekly and a leg D in the monthly. If you see it 90, 80.34, you see it trading at 78. It has to coincide with the T-L-T breaking under 98 or 97 support. I think that those yields, you're absolutely correct. The yields are going to go much higher, but at the same time, I'm just going to say to you, I would not immediately presuppose that we have to have a recession. I think this is a very complicated market and there are other things that could immediately rate the usual term of the expression because even when we had before, quarter off the quarter of really lousy earnings, they never called it a recession, but you've had sectors like the semiconductors, like even the housing sectors that at some point had recessionary months of downside activity. So that's what I'm telling you that I'm looking at right now. And if the T-L-T goes above 105.30 in the next two, three weeks, then we're just stuck in the range with yields. I wouldn't consider yields to be the issue. The issue will become, yields are important and affecting the market if you see those components that I'm talking about come down. I hope that helps you, it gives you a better sense of what I'm looking at. Nobody is better than you in that analyzing, Basil. Oh, thank you very much. I appreciate that. Well, we should get that as a quote. And I appreciate your input. Thank you very much. I hope to speak to you soon. So thank you for calling. All right, thank you. Thank you. So here we go. I got questions, I'm gonna go backwards. Irrubian is a question. Irrubian, I actually wanted to buy Irrubian but the way it gapped up and it kept moving through the 20s and now it's going to peak E-A-F-B. This is C. Yeah, it is indeed. This is what I'm saying. I don't care about the Fed right now. I'm looking at so many positions, so many sectors, so many stocks, so many key indicators at Chapter Leg D or Peak D in the daily charts or E-O-F. I think that a lot of these things are somewhat vulnerable. I do like it very much. I think it's not an alternative to Tesla but it's in the category of what do we buy if we've missed Tesla? And this actually goes for the car as well as the stock. So I like it very much but I think that the gap in the 22s is at 26.98. At some point, between 24 and 22, it'll pull back. So if you're looking to buy, I would hold off just a little bit longer and see if I can get some kind of a pullback. I do like it. Next question came in, it was M-D-Y, M-D, M-M-D-Y. I think that's what it was and I didn't have a chance to put it in the notation. Monday.com, I think they, I can't remember now what they did. So if it's a dot com, it's obviously something to do with data but I like it very much. It's trading at 179.66, M-M-D-Y's a symbol. It's up 4.62 but this particular pattern has a very head and shoulders type look to it but it doesn't have to break the neckline of 159 but I think it can stain a trading band for a little longer. The weekly charts very good. I got nothing wrong. If you're in it, I would stay long. I would take a little bit off if it drops under 168 but in the meantime, I'd stay long. If you're looking to get in, I think it's in this, I could make it an oval pattern but it's a little bit more complicated than that because it definitely has defined a rising wedge, well, a cone formation. So it's stuck then. I think it'll come back into it like this. So I'm just going to say to add to it right now, I'd much rather look at an option and we can do that tomorrow. I'll look at it again but I'm just saying to you, I like it very much. If you want to buy it right at this moment as a brand new position, if you had to buy it at 179, I would give it about a three point stop and have a trading stop because I think it'll be back at the 176 area over the next week and a half. So that's the way I'm looking at really nice chart formation. Let's see what else we got. Okay, I've written it all down. Let me go through this. We did that, we did that, we did that. Oh, just to go back to Corvana, CVNA. Look at this, look at the chart right now and look at KMX. This is CarMax. So CarMax is a much more mature company. He's been around forever so long. On the occasions that I've heard the CEO, he's a bright cookie. He's not been in the game for no reason. He's been in the game because he's a survivor. And look at the way it's pulled back from the high that was made in the 150s down to the 50 level. And now it's at 82, it's coming back, but it's really tough sledding. And now it's got the pattern, the double top pattern that says it's gotta be careful. So I'm just trying to put it together and say, I'm putting it, Corvana, together with CarMax, which is a different kind of a company, but they do pretty much the same thing. And this was not acting so well. That would be my benchmark there. Questions came in. I wanted to get there. Oh, SDZ. This is SDZ as Constellation Brands A, spirits, alcohol, cannabis. A long time ago, someone asked me about a particular cannabis stock. And I said, you know, just try it. It's just too dangerous. They are, those stocks are, they can go down to single digits and then down to pennies. Rather stick with, and I know the difference in price is just extraordinary. And at the time, I think it was shading way back here at about 240. I think it was just above 235. I think it was above the 200 p.m. moving average. Little did I know it would go from 235 to today's all-time high of 271. CSTZ. And I've always mentioned that this is one that you just, it's like a buy and hold. If you wanna be in the area, the cannabis area, this is the best way to do it. The Constellation Brands A shares, spirits, alcohol, cannabis, they did it absolutely right. They were the company to go to if anything in the alcohol business all the way to the 236.62 high, back in, I think January or so of 2018, then I said, gotta be careful. We never went showing anything like that, but it dropped from 236 to 104. And then all the way, I kept saying, this is maybe one we should have in the portfolio. Of course, there's so many didn't get it in the portfolio. Look at it. It's an all-time high breaking out right now. That's the best way to play these things. Way less risk because they got it right in the alcohol. Then I said, oh, they've moved into cannabis. I can't remember who they bought. And I said, oh, they're gonna need a new learning experience. When they get this right, they're gonna get it right. And I think they've got it right. They've got a mix here. So yeah, that's what we're looking at. So that was STZ. If you're long, I wouldn't do anything with it other than just because you ask the question, take a little bit off for money management, but it looks, it will fall the gap in the 250s at some point, but when that's the big question. Next question I had here was team. T-E-A-M, that's Atlassian Corporation. It did get to the Chapman Way peak D twice. It went to 192.45 back in June, pullback sharpening from the 190s area. Well, the 150s, they ran up again to a higher high, slightly higher high in the 194s area and peak D. And now it's starting to pull back. I guess we're real careful with this area. This sector, I think it's going to be under a bit of pressure. I'll be right back for the final state. Ooh. T-F-N-N has just launched their new trading room, the Tiger's Den, hosted at Discord. T-F-N-N has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. 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You can see the answer to this down below the day, but I said to you that I don't know of a time other than we want to do over the decades where the Fed actually correspond exactly to the low or the high. I've got other things that are telling me that if the market pulls back from here, I don't know about the depth yet. I have to see how it unfolds, but this is exactly the moment where I would expect that if it's going to be something that happens to the downside, it has to be a news event that is pervasive. It has to stay that way as a dark news cloud cover for like a week and a half to really sustain a downside move because the plastic is 94% fabulous. To get it back under 80%, you're going to have to have some bad news. So yes, as I said, we are short based on other things. We've got a fairly tight stop, but we'll see what happens. The other short we had is just working fantastically. We just got about a couple of pennies. We got stopped out yesterday. We have a new entry point. If we can get it today, I don't know if we will. But those are the first shorts we've had in quite a while. Most of you are looking at long positions. We want to add to long positions, but I think that there are signs that there's some overboard situation. If there is a move after 2.30 this afternoon where the Dow is either up 60 or more points and holding, that's really good action. But if it's minus 60 or more and you've got the semiconductors together going down as well as I want to see what happens to the QQQ, that's going to be the thing that says, okay, now we can pull back some, but it's going to take a lot to get these technicals to turn negative. And that has to do with the dark news cover. In other words, the mark of what we see that some of the pennies saying, this could be good, but it's great for a good time. That's a lot of interesting things. So, all right, that's a lot of good news today. Check out more of the QQQ back for more of the QQQ.