 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 By the one Monday morning, this is June the 13th, and this is the 806 edition we're going to be repeating this as we recorded to be replayed at my usual time ten o'clock Eastern But this is being recorded early have to be out of town. So we're looking at the Dow down 620 in the futures thirty thousand seven thirty eight. What was the low of the 20th of May? 30,560 we're almost there In the pattern that I call the dreaded H. What is the dreaded H pattern? Well, it's a very simple thing that we look at here It is a pattern that says you've come down sharply and you try to rally Usually it occurs that if at one peak or a second peak higher that's peak A or peak B in the chapter where you methodology roll over with a very sharp decline and You test the left side low if you take that out significantly We call it a dreaded H because look at all these different patterns. These are H's right here All those peak A minuses took out the left side low and went alone. What did they do? They all I didn't even draw this. Let me do this extension right now this extension says If we continue in this manner of going down lower and lower and lower until we get to a Chapman wave inside track Propellant zone Yeah That means you go all the way down to the twenty nine Thousand eight hundreds my suspicion is that the thirty thousand level is going to be very Significant both psychologically and technically so pre-market. We're looking at the down on almost 600 at thirty thousand seven hundreds We're looking at the S&P. Let's go to the S&P the e-mini The e-mini had a left side low on I believe that was the same date Let me just double check 20th of May was that yep 20th of May had a low of 3809.50 in the future. Remember this is a continuous contract So the price gets smoothed out, but that's the price as it says right now and the low thus far this morning is 37 98.27 we've taken it out We've actually started I can call it at least for now We'll call it a leg each of the downside In the e-mini looking at the QQQ's will go to the NQ for the moment because NQ is the NDX 100 futures contract I think that's going to be very important to Notate what are we looking at? We're looking at a new low 11,491 was the low of the 20th of May Let me just see that could have changed I typed in at the time and it is a continuous contract. So it gets smoothed out 11,871.90 Could that be could that be correct? Oh, oh, sorry 11,521.50 and What are we doing today? We've gone lower down I'm calling this an alternate count legs see to the downside in the dreaded age We were underneath that one that way, but we're underneath that left side low Looking at the monthly chart. We're in the chapwave inside track propellant zone Got it. We got a hole somewhere around here looking at the ID Russell 2000 I'm going to go to the futures as well This is you remember I said that the although the weekly and monthly charts were terrible that the daily chart of the Russell 2000 futures was actually a much better chart than any of the others But it went from a trough and that was even before that was made the 10th or 12th and just get to that right now. Yes, that was the 12th of May and 1698.70 and it ran all the way to the 1940s and yeah, we are at 1757 so once again, we're looking at the daily chart looking much better at even the weekly chart just on this arch formation But the actual chart itself doesn't look good at all So let me just give a quick summation of what I'm looking at here. I'm going to go to I'm going to go to the S&P cash index just for the moment because I wanted to show something as the X dot X one of these for subscribers to my opening call This is one of the largest cash positions we've had in Absolute ages. I mean we even got out. We had fantastic gains in the Bitcoin GBTC future fund that we had For two years or so we had huge gains and we got out of it We kept just a tiny little bit for months now saying, you know Let's just see how this act and then I said about a few weeks ago I said we're done the GBTC the Bitcoin is just this is a horrible chart and it's going to go much lower I'll get back to that in a moment. What I wanted to show you is that this long-legged candle of May we closed last week way below the halfway point of the lower wick And that just says be careful because you can test the left side low and that's 38 10 point 32 We actually close at 3900 that would mean we'd have to go down 90 points to get there But if you look at the E-mini futures look what we've done already We're almost there at the left side low now. Look at this is the Bitcoin Yeah, yeah Bitcoin credit age pattern, but it's really the lowercase h that goes to a lowercase m in the daily We've gone to a leg D in the monthly chart. We were at 69,000 950 I need to just check now It doesn't get smoothed out as well. Do I always have to change that? I think so 70 thousand and 25 was the highlight week of the 20 12th of November and look we are where we are right now at 23,000 950 I did not want any part of it My contention was that Bitcoin had made a high and that if it took out the the whole 28 to 30,000 level at any point on this particular decline it would be a really serious move to the downside and That just makes it highly vulnerable and it's at 24,000 and 15 right now That's the Bitcoin. Let's go to gold gold had a nice move up late Friday I don't know what that was all about now. It's done 18. My suspicion is this 200 period moving. Yeah, but you see this orange. I I Let me just take take a moment here because it's so important There are there are certain technical tools that I've used Not just for you know recently but for decades in fact I've used some of these moving averages and some of these patterns like the MACD the moving average convergence divergence and the slow stochastic and on balance volume. I started off with having to Notate every single day on all the different indexes and and Downstocks that I was following I have to add up and subtract and now and then when I went to Computerization was unbelievable and I love the blue line because this gives you the closing price of the on balance volume Which means you if it's on an up bar you add it to the previous running total if it's it down while you subtract It's as simple as that You know many many of the people here Tf and use volume I use volume, but I use it as on balance volume and on balance volume says that the gold Contract in the daily is still holding very well the stochastic is slipped to 61% the magnet is holding pretty nicely I'm not great, but look at this orange line Look how important this orange line is me as as a as a propellant to the upside and then look what happened for Months I've been saying watch this closely because it's becoming support and then it became resistance and right now 1858 it is strong resistance and the gold is at 1856. So that just says to me We aren't yet ready for prime time in gold, but I am not ruling out something to do with gold because gold is It really is a hedge for fear an international geopolitical fear gate And if you look at that and if you go to the XLF This is the financials Vowels it's been acted the finances. I've seen money to go from once to stocks It's a decent cousin a big turn down. 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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 markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at TFNN comm TFNN educating investors 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 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 from the price You should be paying 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 727-329-83222 Or email us at Tiger at TFNN comm that's 727-329-83222 call us today Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Hi folks, this is the early edition of the opening call and we're looking at the opening call opening calls But they didn't use that as the early edition of the law if the tiger technicians are we're looking at that 818 the E-mini is down 86 at 3812 now what it has done. I should put this as an up arrow I've been joining this all the time and look at this. We've had some really interesting Look how long we've been in a rectangle formation at different times that we were in from what was it last night No, just on that slide last night. We started to turn the 3815 area to the 37 97 into it into rectangle Look at this rectangle. It stayed there from 420 this morning What it started a little earlier started about four o'clock so this morning eastern time and it stayed there Until it broke out decisively at about six I think I was watching closely. Yeah, that was at about 610 Pulls back goes to the 200 period moving average Look at this 200 period moving average hugs hugs hugs goes above it and falls falls falls goes below it Then it tries to bounce and it can't and can't and it pulls back sharply from the 200 period moving average Makes a trough e and then it goes peak a pp Well, what do you expect in the trap wave methodology? We always like to look for the lowest low bar and then count each success of the higher peak Alphabetically a b c d e f g but it's at D the fourth highest peak that other things can happen It could recycle higher it could then have a deepest decline But you alphabetically sequentially uppercase letters and it's at that fourth highest peak that other things can happen And what did we just do when peak a peak b peak c Over the 200 period moving average peak d using that as now support level We're going to see I now there's some things I need to talk about right now because this is the moment And this is pre-market as I say it's before any 830 news Economic news. Uh, it's kind of important right now at 8 20 a.m And this will be replay this will be 10 20 So you're getting the the current actual cash positions right now when you're looking at the futures, but look at this You're starting to see a base form now one of the reasons why for subscribers I I said I didn't think that there'd be anything I could crash today And I spoke about this on friday saying my belief is that we just came to see lower lows and lower highs and then really strong rebounds and then lower lows and lower highs And that could continue until the final climactic low when that is Maybe it's the traditional september october low. Who knows the most important thing is that the um the aspect of Friday bad really bad news with a horrible dow And then over the weekend Having something happen usually it's a military Something happens what we had that or we had Talk of that about russia and ukraine and then there was something it was sent to me and I then I saw it a little bit just briefly mentioned in the news about uh iran and uh, the nuclear uh, what what they're doing nuclear wise and um airport bombing in damascus and But the real issue is that Like october the 19th 1987 That weekend that sunday going to monday morning. There was always there was a middle east configuration and that usually Assessivates the whole I just don't see that right now. I see so many negatives And i'm also beginning to see around Around the world what it's called the western world. I don't know about you know what's happening in some countries But countries where I can read in an english newspaper or even translations Um Everyone is talking about the about inflation. Everyone's talking about higher oil prices Everyone's talking about prices at the at both the pump and at the the grocery store Everyone's talking about All the negatives the markets are coming down higher interest rates And I always say that when it's finally filters into your local newspaper That is I didn't get any more because it used to come door to door the newton Tab was I think it was a graphic of tab And what So I guess you can get it online, but when the news source filtering your local newspaper Then you know you're getting closer and closer to the the general public almost everyone in the general public's talking about This very issue. That's when you're getting closer and closer to climactic low But I don't I didn't see it this weekend And that makes me suspicious and I think we are getting really close to at least another one of those balances that fail Um, is it a longer term balances? It's just a three day balances An hour, but I don't know but I think we're really close to it And that's why I said to to subscribers this morning. I don't want to get I don't want to do any shorting at this particular point right here Um, because I think that there's a chance that Maybe we can get better prices to to short But my suspicion is that we're getting uh, each rally Is a look here. Look at the down. Let me just do this for a moment. I'll show you. Let's go to our Um, different. This is the dating on the left weekly on in the middle Right is the monthly and look the the rallies in the dating chart Are getting In a certain sense, let me pull this across here. We go Are getting shorter and smaller. There's big arch formations. The dreaded age formation Were much bigger and then they failed to went to lower lows not very much lower lows, but lower lows nevertheless This is the xlf, but I'm going to go to the s&p. So this is I think that's what we really want See these arch formations And and this one was just a little mini you went from 38 10 to 41 77 Yeah, and then failed that it pcs pc minus This is the dating chart Well, this is either the one that has the least worth of points to the upside Um, when it if it does turn around and just extends more sideways and then plummets even lower Or this is the one that says you are so oversold. You don't have to have a climactic low You're just going to have a load that says the volatility index. Let's just go to that the volatility index Uh, which is trading at 32.49 above you remember on friday I said, look, we stopped dead right on that trend line resistance chap. We've inside track repellent zone now We've spiraled above it and we're above it and we're above at least Uh, all the way into may where we hit the 35s the highest High was the second of may at 36.54. It really was just rates that was scaring the market at a peak d We don't need to get d's in the In the vix index but in this case we did and now we've got a big spiral to the upside It's actually a gray leg a not the point the point is how does it hold into the close? Do we have a ready inch inch a day and then Just a give up and we just start down and that down It just goes right through all the support levels that we were talking about momentarily Just a few moments ago and the vix index starts to push even above the 35 level Um, and in fact by tomorrow we're looking at 36 The 36 is goes above the high that was made made the second I all I can say is that the news has been really bad lately And uh, the vix is Low than it was at the high in the second So this is making me suspicious of any cascade to the doubt I can see a further decline, but i'm going about a double of this uh for 82 point Decline in the sdp now to like 130 or 160 On the end by the end of the day with a real crash tera I think it's going to be worse. It's going to be this constant triple Jump jump jump so that you make lower highs and low lows until we make a really significant low. I'll be back 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 These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk free With our money back guarantee at TFNN.com TFNN educating investors TFNN has just launched their new trading room the Tiger's Den 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 And now they are expanding their reach with the Tiger's Den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tiger's Den You can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tiger's Den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN.com TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology 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 dollars 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 Once we're back and we're looking at uh the uh E-mini having had a really nice rally in the two-minute chart to the 200 period moving out and then installed At a peak C it's a peak E in the one-minute chart Of course there's something to talk about this now. It's 8 30 in the morning. Something some economic news must be coming up at 8 30 um It's really what we're looking at here in the 10-minute chart And this is what i'm going i'm not going to make any predictions this city to do that and just get rid of this Fibonacci There you are And there was in fact a peak D at I put it as a plus sign at 3 a.m. This morning But in fact that was No, that was 3 a.m. Sorry that was 3 a.m. On Friday 3 p.m. Friday and uh Down arrow and then we just gap gap down on sunday night And we haven't been at that level in the 38 60s 30 50s ever since we've all gone all the way down to 37 37 97 50 And this is the 10-minute chart got a little rectangle formation here That's usually not good v shape formations and really powerful moves up above previous Resistance levels is what you need to see so there's going to have to be a trigger for some really some explosive move To the upside rather than the downside because everything is pointing to weakness Weakness now I need to do a couple of things. So let me just show you Um, let me just make it clear as far as I'm concerned At any point if the market is if the e-mini is trading down it's down 82 at 38 17 if it's actually trading at 37 88 Or lower at any point today that really makes it vulnerable for an even greater move to the downside But on the upside and this could be the surprise because All the news is out everybody all the news is Known The the actual numbers might be a little greater than anticipated But basically it's all been known between but I mean, I'm going to get you in the moment Rates and all things like that nothing there is actually unknown Maybe the numbers and just the fact that it has been printed is making everyone really nervous But what I am saying is that within the context of Crash I think it's much it's work. You know if we had a question to be all over You start fresh you start looking for new positions. This is going to be different It's this whittling away at and even the the great winners and that's the part that's really a problem So what I'm saying on a shorter term basis if there is a move where you can see that the E-mini trading you can't just go there once it's going to trade for about And even say 35 to 40 minutes Above the height it was made at 310 this morning, which is 38 39 Uh, uh, what 20 points. That's nothing. No, I wanted even higher than that I wanted above all the resistance that I want you to above 38 53 if there is a move Any time today above 38 60 Let's make the 38 60 give it a little bit of room and it holds for 35 minutes or more You could start to see at least a decent rally what a decent rally takes you to where what the dow is down 15 1600 points in just days so that gives says if the dow can get back If the E-mini can get back that much the dow would have to get back at least 7 to 900 points by Tuesday Wednesday to say this is a decent bounce So all I'm saying is that I think there's support If there's supports broken anything can happen But on the on the oversold side of it I think we really are very very oversold Almost on any metric on the very short term. That's really what I'm talking about That doesn't make me bullish just says there could be a decent balance And then we'll have to start to look for a different choice. Let's just go through these numbers again This is a gold. I said a gold was down now. It's down 24 as I said I I didn't understand how the rally occurred on Friday. I just don't think gold is ready right now I do think it's going to get ready as a geopolitical instrument at some point I just didn't think it was right now. It could be but look it's really taken out the chaff and we've inside track Propellant zone for the couple of weeks for since it broke down In the weekly chart on the week of the 13th of may went down to 1803 It's trying to get back into the inside track Propellant zone, but there's still a resistance level the mag these weeks the castings week at 22% unbalanced would not bad So it just says to me there could be a little arch here Maybe we need a little more time maybe two weeks maybe three weeks and then maybe gold starts I don't know about that because gold Should have been doing much better as it stands right now So that just let me show you silver silver this time at 8 35 in the morning A.m. Made a peak D. It's down 3 31 cents at 21 61 the weekly chart has got this h pattern It's really struggling monthly chart is making lower lows and lower highs Look at the um, let me just do this while we're here high grade copper Very weak made that peak D about six sessions seven sessions ago Now look at this turned down. It's at 4.19 down 0.09 look at Um Platinum Platinum's the same thing made a peak C that looked like a D. I'd say this this peak C really looks like a D In fact, what did I look at in the commodities week? We're still on the dba But I think that's going to be pulling back read is up nine and a quarter Points at 10 80 but look at that peak C I said that that really looks like a D and it's acting like a D And it did make a peak D in the weekly chart and that just says to me gotta be real careful Look at the look at soybeans So be contrary peak D started to pull back if you look at the rectangle formation here I'll talk about that a lot of questions came in could I look at excellent all that Let's just get through this quickly and then I'm on my way So we're looking at so we look at uh, sugar sugar has made a A very sharp pullback. It's sitting on the church appeared moving average arch formation in the weekly chart What does that mean and we show you arch formation looks more like a peak G than a peak C But I'm not going to change that notation just yet, but I'm thinking that the commodities pullback and this is the clue Look crude oil Crude oil is down a dollar 62. That's not a big deal But what is a big deal is a start to show some some signs of where in the 120s it hit 100 the continuous contract hit 123.18 Yep Five sessions with three four sessions ago and the mankis just about to cross negatives to cast it's still very good at 86% On balance volume is turning down still good and the nines way above the 14 So this is going to be the clue because if crude oil starts to pull back towards the 115 area 119 right now you don't matter four points way too much. Yeah, what if it pulls back? Well, look at exon exon mobile. Bless you. Yeah, we go sneeze, sneeze, sneeze Not yet. Not yet. Jared counts sneeze. Let's go to the chart Excuse me E on exon mobile Everything else still very positive could have a high level consolidation But I am looking at this and saying cvx Chevron peak f with a doger candle height 182.40 on the 8th of june I think that we could start to see a bit of a pullback How does it impact the market? Well, so far the markets ignored almost anything that could be positive But what if if what if Let me go to the tlt the tlt trading down $1.94 111.83 Is that forming the same kind of arch formation? That would take out the left side low of the 9th of may which is at 112 62 Well, this is the one area that really is important enough to say You could get your pullback in some of the commodities even oil But if that yield if the tnx If the 10-year yield Continues to break out like it does 32.48 was the 10-year yield back in uh, oktober Good 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 metals sector as well as the markets that move gold Which is the currency and bond markets news subscribers get a 30-day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u h ui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. 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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 most informed decisions across all price levels from the price You should be paying 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 727-329-83222 Or email us at tiger at tfnn.com that's 727-329-83222 call us today Are china a shares hot or not if you trade china a shares now may be time to take a closer look Trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com 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 eight six six four seven six seven five two three 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 and tsx under the symbol vgz Valero Valero also in the oil area my manufacturer and marketer of transportation fuels and petrochemicals and power Had a high of 146.81 Strading a pre-market at 137.02 down three and a half As i say now, let me just go back to my point here. My point is that yield's going high I think that that's a much bigger picture Just in terms of domestic the domestic economy Than many of the other factors. Oh, you can't dismiss oil are going high. None of that. I mean oil I was asked the other day What what what would happen if oil went much higher and what I said is already we've seen the impact. I mean oil is essentially for 30 years or so as being the economic Benefactor in many ways itself And has benefited the u.s economy and the world economy like nothing else before it but microchips And that makes the smh's as important Look at this smh's a down pre-market 738 at 216.44. What was the low on the fifth of uh Oh now the 12th of may to 15.23 So we're almost there And if you look at that monthly chart that is not looking great 318 was the high in january And now we're looking at the three uh, two 15s 100 points a 30% decline. I'm more than that This is serious stuff. So what I just i'm trying to get a pick give a give a picture the picture says oil going higher is Is devastating for the economy because almost everything has some kind of oil residual Some some chemical factor but yields going higher starts to impact Areas that for 20 years have benefited by Lower yields remember my expression back when I started tfnn. I had said I've been using an expression for the last uh 15 years or so or 13 15 years of the Japanization of u.s Bonds now there was yields going to I didn't know zero at the time But I said going lower and lower and lower And then about a year ago. I said, you know what? I think i'm getting done. I towards the end of last year. I said, I think i'm done with that whole thing I think yields that whole aspect of yields going to the Japanization of yields I think we start to see something going on that's different I don't even want to think about zimbabwe or anything like that But higher yields are very important So the tlt and this is and the reason why I have to have so much respect for yields going higher and higher is because traditionally forever Whenever the market got volatile meaning in in wall street parlance going down Money would migrate from the volatility of equities into the so-called safety of bonds You tell me we've made highs now just going from december the 155.12 TLT high that was a week of the 3rd of december Which coincides within weeks either of the nasdaq top I think it was november or the january top in the down the s&p You tell me Have yields Gone lower or higher as the tlt has gone from 155 to 115 And if you look at The stock market this is going to I just get the picture we're talking about a lot of people look more at the s&p than the down Let's go to the s&p the s&p making high generally the weekly generally the fifth at 48 18 Down to well pre-market that we don't know but 38 10 was the low of earlier in may may 20th So they match And that's when people say when I someone says things are different and everybody rolls their eyes says, yeah, yeah, we've seen No This is very different So I have to respect the fact that if yields are going to go higher we have to start looking at this american economy Having something else and what will that something else will be we're going to get a chip glut at some point There's no question about you can imagine how many chip companies are just Building building getting as many chips built as possible even under these conditions Some of the conditions aren't being met because some of the fabs are closed down So what we're finally going to see is that the semiconductors Which have led us up and down it's going to the smages and the semiconductors made a double top 3 18.69 In in november 3 1882 in january 3 1869 these double tops are being formidable Are we about to see today some kind of a double bottom for a decent balance just to bounce maybe I don't know but i'm just throwing that in we've seen that over and over how the double tops I kept using for a year and a half I've been talking about the amazing aspect that within days weeks and even months and even years We've seen these double tops make significant tops and markets Whatever tradeable we're looking at has a huge tumble to the downside. So that's the same thing here All right, enough with all this. We've got a bunch of questions coming in. I'm going to try to deal with it Let me just go to here and click so that I can see YouTube questions Yes, so let me just do this. I haven't done that yet. I've been waiting We are still along the dollar dollar from 19.07 back in 2018. There it is at 104.81 Doesn't sound like much but when you're talking about Commodities those kind of percentages are huge. So the dollar index is at all multi-year highs You're looking at it breaking out potential In the in the weekly chart the high was 105.01 pre-market We're at 104.79 a whisker away. Are we going to see a double top in in the dollar? Well, let's look at this usd jpy a question came in kind of look at the the Different There were currencies. There we go speak c so we in legs only a legs c in the usd jpy. This is the yen Japanese yen dollar currency pair and we're looking at a new what is this? I forgot to look. I think this is at least a multi-year high I don't know when the last high was I do it was at 124.30. Well, this gets smoothed out. Let me give you the exact price 124.13 was the high the week of this is a monthly chart in june of 2007 124.13 and we're trading right now at 134 So yeah multi multi-year highs in this beautiful cup-ish formation that breaks out in leg e Look at the E u r usd. This is a Japanese yen. It's doing the opposite. It's making the arch formation. Remember, I said think of Think of The market is very often oscillating between arch and cup formations. Well low and bold. This is exactly what we've got Cup formation arch formation cup formation arch formation Breaking to lower lows yet. No not yet. That's an interesting thing. You made higher highs You haven't made lower lows 1.0 1.035 Was the low of a 30th week of the 30th of monthly week of december 2016 and the last low was 1.035.01. Yeah, we're gonna test that low Very soon. So this is very interesting. Uh, we're also going to look at Did that did that did that did that did that did the currency did bonds? Okay, we've done all that and the questions have come in Where do I think amazon's going amazon? I've been saying amazon is under pressure I think it's going to be we talked spoke about some of those huge moves in the nasdaq leadership Going to october november december highs and then they crumbled. Well now we're looking at the big caps Possibly being the same that's the reason I think this time when we get to the next big rally We have another series of shorts because amazon although it's split trading at 104.99 is down 4% As we speak i'll be back in a moment. 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You know, this is in the e-mini down futures. So Applying that to the cash just Think of it. There's a slight difference The futures are down 600 points at this particular stage Red is the the Dow open if it is close then we're talking about almost the same parameters So three things we're looking at is If there's going to be a one-to-one expansion to the downside in today That's usually I talk about the noontime price that if it's very sharp down Sometimes you get a one-to-one to the downside you double the noontime price if that weakness continues We kind of saw that on friday I to do it a second day in a row maybe but my thinking here is that there's a chance Based on the volatility index The ix dot x remember this is the this show right now is trading Is it 855 it'll be recorded and played back at my usual 10 o'clock time So the VIX is up 4.81 at 32.56 if after Uh, two what did I say to subscribe some opening call I said I said after two Let me just check this out just to get it right Yes, so that if we are looking at Um, the if if the Dow is trading No, I'm going to use the VIX index if the VIX index at this particular point 32.57 is trading over 33 points Uh, after two 50 is off in 10 minutes to three Watch out that close could really get ugly but if off the 10 to 2 20 plus 2 Uh, anytime during the day you've had some kind of a turnaround And the Dow is down instead of being down 600 is actually down minus 180 or so see proof you could see around it into the close We could have another one of those balances and that's what I'm that we did just a series of whole So be careful Building wealth trading in the stock market seems impossible to most people They think it's too volatile and risky Most people aren't going to take the time to educate themselves on how to do it, right But you're not most people are you at tfnn You'll get the guidance you need to refine your strategies and techniques to invest like a pro because you'll be a pro All tfnn subscriptions books software and courses are available at tfnn.com And i'm even going to tell you how to get them for less Use tfnn's tiger dollars and you'll get up to a 20 bonus on your purchase And once you apply them to your account tiger dollars are automatically used for all future or recurring charges Tiger dollars also never expire are fully transferable And are a great way to add savings to your newsletters or services Become the investor you were born to be at tfnn.com tfnn educating investors