 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Hi folks, this is Basil Chapman sitting in a game for Larry and Larry will be back I believe Monday I actually got to speak to him for a moment this morning and his voice was much better But it's still very very scratchy at least he's come down from being a false setter to at least Kind of a tenor and that's good. So I'm sitting in for Larry. Let's do a bunch of things and that I Usually see Larry covering so we'll do it in my methodology, but we'll do it nevertheless So the down right now is down 269 and 34,832 Just a briefly for those of you or maybe new to my work Just want to show some patterns these are the patterns that I look at There's a pattern where price goes up and then it starts to pull back And if there's a little trigger to say that maybe these little doji can or something that says okay Now you can start to make lower highs and much lower lows What I do is I call this the falling axe formation to be sophisticated I should really call it an expanding cone formation But then or declining expanding cone formation or an inclining but too many words So falling axe what we're looking at is yes the handle There's a lower highs and much lower lows at some point It just suddenly finds some support and then it turns around and makes either a cup or a V shape pattern Takes out gets repelled at this line this resistance line Which we've just seen right there We saw it over there as well back at thirty six thousand one sixty nine back in mid December Got pulled back to a support line and then it ran higher Then I did it again with a pattern I call the dreaded H and look now you've got this What I call the chat wave inside trackers within the trend line down I drew another very thin little line just straight up These are so easy to do you just click the button and what happens is that says that becomes a repellent zone If price starts to move higher and then closes above that and cheats the line that was resistance as support You could get a one-to-one expansion to the upside going towards the left side high or a previous major peak in this case A really good move to the upside says you could go to maybe the in this particular instance of thirty six thousand one hundred area That's really asking much. I'm just thinking the thirty five thousand eight hundred to thirty five thousand nine thirty five Thousand nine hundred is kind of the cap on this particular move to the upside if it manages to do that And that would be very important the same angle of the same price extension if you can do that All right, let's get out of that now. What's really important about this is that the support? Look out the 200 period moving average I know it's sacrosanct and to to be a sacrilegious to be talking about moving ages in various job Understands all of us have our own techniques and we just use them as well as we can and that's our benchmark for One of our tools that we use so in this particular case. Look it went right to exactly the 200 period moving average It never does that so when it does that you've got a respected look the last time that the doubt did that I don't go back. It was a long time ago. I think it was back in March of two two thousand And 20 yep, there it is. Yeah, we go there are that the low that was made stop. Thank you stop right there October That was October of 2020 it had gone on the low that we made back in It doesn't count important it is look what happened at the low that was made when Larry was calling for the low of March of Let me go back. Yeah, I just wanted to show you this look how it became resistance in that whole area back in June July if I can ever figure out what year this is. Let me just click it. Oh, right there 2020 and Remember we got along the the low of March the 23rd Via options and then via the diamonds, which we actually still have some part of it at that from that low of 2020 so that was a March, but look how that became resistance for months two three months and then all of a sudden became support and around all the way to 29,199 in September and then it came back to where the 200 p.m. Ruby abs that are ran up to 28,0957 October the run about the 12th of October 2020 and then it went down below than the 200 p.m. Moving average October 30th of 2020 and 26,143 and what did it do? There was an island reversal which we've never filled in have we I don't think so And that was it and it took off And it took off and it took off and we haven't been there since and that's the reason why I'm saying This is going to be really important. I keep moving it and you can see it is moving to the right here We go using the roller and here. We are it hit it on the exactly on the 1st of December at 34,022 Spirited up to the all-time high of 36,952 on the 5th of January and Boom comes down to the on the 24th to thirty two thousand one fifty underneath and then for six For six sessions it traded underneath and then went above it is so important the chances are we're going to be testing the 34,567 200 p.m. Moving average at some point What I wanted to see is Some kind of a pattern and I'm going to do this because I did in my show the Tiger technicians hour a few moments ago To say oh, I just did the job to show that the pattern. I'm anticipating that was the question I had From subscriber from a tiger and subscriber. Yeah, we go you've got The yesterday we had a call and I went through the SMP and I said the pattern I'm anticipating and of course it's just something I'm anticipating based on experience because The chart formation up until yesterday was saying one thing I need to see where we close today to see if there's any change in that that we're going to have a pattern that I call and Now I need to show you the sign right here The lowercase h that goes to a lowercase m so that means straight line down and arch formation and That arch formation could take out the left side low But if it's an arch formation that holds quite nicely towards the midpoint of the art And then has another arch like a lowercase m lowercase h goes to a lowercase m meaning You're trading in a trading channel sideways channel a trading band a rectangle formation So that's what I'm thinking that there's just enough strength Continuously to say you've got a little bit higher. You've got a cap on the upside, but you can push to the upside This chapter wave inside track repellent zones falling exformation has Resistance now the resistance is much tougher to get to at forty five seventy two to forty five 98 in the S&P But I'm suspecting that somehow other we make another arch formation and then there's suddenly the news I mean rates say Crude oil everything comes together to say oh my god And you get this plunge below the 200-period moving average of forty four point oh six and you start trading in the thirty nine Seventies and next thing you know whoops forty two so Forty-four oh six. Yeah, then you break under forty four six You train the forty three night is seventies and if that fails you go down to retest forty two two point sixty So that's the pattern. I'm looking at sideways for a little while longer and then suddenly there's a bigger dip I'll be back. That's the chapter sitting in full 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 comm 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 and stock prices get the opening call newsletter by Basil Chapman in 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 comm educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The test profile scanner is the premier market profile base scanner Powered by its acclaimed test proprietary algorithms. This feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the test profile scanner which you can find under the services tab at TFNN comm Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority 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 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the Right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor You were born to be TFNN educating investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Hello Mozart nothing like Mozart Back when I was a professional musician and conducted many Mozart pieces. All right, let's get back to our story We've got the gold contract up a dollar and a half at 1805 So my contention is that if the bulk of trading over a period of time period of bars, it could be It could be anything. I mean, look at this You're looking at look at this. We went in the E-mini after the big Amazon spike Yesterday straight off to the bell look how long we stayed in basically a rectangle formation and the rule of thumb is it should go If it's in the upside it should go slightly to above one little break above and then if it breaks the The rectangle base low be really careful because it'll have if it does it quickly what happens is It'll have one quick ready back against like it forgot to say goodbye to some of its friends. Goodbye and then It continues down. So now it's got a big large art formation. You got a left side right side price There's a 10 minute E-mini S&P you got to that peak D doji candle like that You've got a plum line and that takes you to the right side and in a price time Actually just broke a little bit a couple of bars before it broke down went back up and then it went down now It's got the large arch formation. What happens on the technicals going to improve over the next hour or two? We'll see so here we go I just wanted to do that and then go back to this could be looking about a rectangle formation This is different in the sense that I've chosen the most number of bars That we're in the range and I just grabbed my rectangle and trade stations easy Do not put it across and that's a says that if gold at some point in the next Week and after two weeks got to give it two full bars from this bar right here because this is a template inside track Propeller zone. Look how it's held so beautifully And that that just says look at the nine-speed moving average, which is still positive. It's green over the black That's good. You get the MacD kind of pulling back, but it's still positive barely Look at the stochastic very put 45% on balance volume says it can't overboard fully enough But it's still quite good and that says price is the obituary of a trend You have to look at the price moving higher Well, if the price is going to move higher They've got to get out of the rectangles got to go above the high of the week of 3rd of September 1841 it has to start trading for a full week and close above that Can't just pop and break down, which it keeps doing both upside and downside And if it does that You would want to see silver you want to see the two go together and silver chart pattern is just horrible Which it often looks before it has a really good move to the upside and that says in the weekly chart It's actually broken the potential. Well, I can elongate it just for now It's just real simple at twenty two point forty up point oh two just Point oh two and that's nothing, but it isn't a long-legged doji candle It says that at any point in the next session. That's Monday. I Usually give it two sessions, but by Tuesday if it can close above today's high of twenty two sixty nine That turns the the candle the open and close of the doji candle days young anything can happen But at this point twenty two point forty Into support if it closes underneath it turns that twenty two forty level into resistance And I keep it as simple as possible I've got three or four candles that I use one or two I've made up my own they're my own candle notation one is a chapter of Roman candle Don't have to discuss that now. It's not as important Well, there is one right there just off the top in the 25th That's a chapter of Roman candle and the rule of thumb is if it break if it closes on a shorter time period There will be the hundred and twenty million charts as a daily chart if it holds the midpoint For more if it goes under the midpoint of the long wick at the bottom That would be twenty three eighty for more than I usually say ninety minutes if it's hundred and twenty minute chart There's a real good chance you're going to take out the left side low and wow Did it because it went all the way to twenty two yesterday twenty two twenty one point ninety eight So there's a lot of work to be done. Oh, and this is a chapter of Roman candle right here So it didn't hold the midpoint at the bottom at the bottom It's usually works for the upside action and that actually confirms exactly what I was doing about about this long leg of doji So it's the same thing Close above by Sunday night or Monday if you start to see a big move in solder That's going to be a good sign and says twenty two eighty eight the 14-period moving average and then the 50-period moving average of Twenty three eleven. That's what you're looking at. You just don't want to see a break below Twenty twenty one eighty at any point in the next two days. Alright, so now I wanted to cover something else Bitcoin So Bitcoin is having a really good day today. It's up 3450 in the game. This is the futures at 39,000 70 700 and what's really important now? This is very interesting for such close to opening call. We were long Way back. I mean we were long via the GBTC I'm trying to remember exactly the day was that October Let me do Yeah, there was October the 14th 2020 at 12.48 and 12.41 via the GBTC so you can just say the equivalent is 12400 and then we took profits on the way up and you on the way down But we took huge profits and then we just kept it tiny But the only reason why we wanted to keep it tiny bit is because although we had sell signals. I just It's very difficult. I don't do this with the futures for my subscribers But we do it through the GBTC, which is the Bitcoin investment trust. It only trades intraday so you make a mistake overnight you can wake up the next morning and Your you couldn't even have a stop because you know, it wouldn't be hit. So what's really important about this is that? What we're looking at is it's trying to form a base and This rectangle in the GBTC is a little bit more Informational for me then is the Bitcoin in the sense that the Bitcoin futures are making stair-step moves of One bar up for leg a still great egg a because the stochastic isn't over 80% the magnet is good It's not just okay. The 9p is way under the 14p. So this is a balance as well as I'm concerned But what's really important is it pulls back for three days and then it breaks to leg B It becomes a peak be the next day because they two bars pull back and then it breaks to a higher by by one Tech it goes higher that starts leg C. It's in leg C This particular pattern I drew the big one when I was doing my show a moment ago I usually like to start off with a small rectangle and say this is probably the What we're looking at here That's that's the range we're looking at and that says it could go to the 41,000 level But most importantly sustainability is going to be really key and I like stair-step moves But you don't want it to turn into the H pattern. In other words, you don't want to suddenly fail Although getting to a C is good if they added an A or a B says you're probably going to test the left side low This case is certainly went to the C But just barely so look at all the effort. It's taken to go to a peak A a peak B a peak. Whoops peak leg C get click there and It's just saying it's trying to form some kind of race. However last week was a green candle Today's a green candle with a higher high You've got the v-shaped pattern in the in the weekly chart in the on balance volume You've got the stochastic under 10% now. It's at 10% 10.30. The Maggie histogram is just finally starting to improve So I'll put that together for Bitcoin in the daily weekly monthly charts as soon as I return This is Basel Chapman sitting in for Larry Preservanto show and I'll be back in a moment You having fun trading the markets But having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex Predator in the trading markets and joined the Tigers Den trading room only at tfnn.com The Tigers Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows Interact with other Tigers and Tigers is as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more check out tfnn Tiger TV and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and Educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com Or tfnn's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor. You were born to be tfnn educating investors 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 guardleaf ABC's butterflies and much more the art of timing the trade charts is Designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks Or even months searching to find and right now. We're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim more information Just click the think or swim banner on the front page of tfnn.com My folks we're back. So this is let me just show you this. I was asked about a theory I'm gonna include that here and just say look I love to just take the outer outer levels of the bars and Trying to make a channel If it works and if it works it works and what happens I go to one and then I click on and gives you parallel And if it fits exactly how how more exact can this be? This is a theorem trading at 22.0 to up 2.35 and that says now you've got These lines are the fib now lines. I like to do that every once in a while I'm just gonna take them out now for the moment because I got other things that oops take that out. Oh I put that in separately. All right, it doesn't matter Yeah, so what we're looking at here is that within the context of Within the context of this down channel, I could do this very easy. Look how simple it is I do about three sixteenths of an inch or maybe a second eighth of an inch or something like that There's no fixed rule because you have to go by the chart itself and I say hey That's the resistance that needs to be taken out It's never been broken since the top that was made and of the actual top The the last high was on the 10th of November at 47.40 and then you got the double top these doubled forty seven point oh eight within Less than a point of one another. It's just incredible. How many stocks we've seen are Make these double tops in fact doing I have to do this because I'll forget I want to do it before look at this CVX this is CVX is Chevron corporation multinational oil company. He makes a 137 I always look at round numbers ever since I'd always looked at it But the crash of night at tooth October the 19th 1987 just confirmed for me how important round numbers could be there was so many round numbers in general mode Just you can name all the the Dow stocks that I There was just no way there couldn't be a major turn around which there was within within a day So 137 but it acts differently now that it's all automated So you see automated with someone saying I went out in 137 and they get out For a peak D in the chapter wave D's the fourth high speak That's where you got to be careful at hundred thirty seven point zero zero the 27th of January Pulls back and then has an insight like a rectangle formation or a V-shaped pattern and it goes to rare 137 the high today exactly to the penny I Mean I'll talk about it when we get back because it has to do with crude oil. I'm gonna get to cruel in the moment I'm just doing about Bitcoin at the moment crude oil is in leg D broken above the channel high But it's in today. We'll see what happens by the close So now let's go back to what we were looking at ETH E and I was saying he has your channel now What needs to happen is the MACD is positive sarcastic is Horrible the 35% he needs to ready the on balance volume is terrible The 9 pre-moving average is still under the 14 pre-moving average. You want to say this is peak a Leg peak B and leg C is the same as Bitcoin right now, but it's actually a much weaker pattern a B C I'm suggesting to you that Bitcoin to break out The theorem has to go to 2550 and hold there for a full week above that for a full week and then I'd say great That's a low. That's a tradable low. We'll go to the Bitcoin futures trading now If I can type it in the right place Bitcoin futures BTC Improved at 3940. It's up 10% right now at 4290. This is a good start and what you want to see MACD is okay Stochastic is improving at 45% still very weak There's a relative strength signs finally the relative strength is starting to improve on balance volume is very weak So what I'm looking at here is you're going to have a whole week's worth of trading if Bitcoin Doesn't take out and for subscribers. This is where we want to activate remember I had that Is it a single digit? I think single digit stock that emulates exactly what we're looking at in the Bitcoin We might just use that as a proxy and for inexperience almost like an option We might trade that okay this coming week, but in the meantime you want to see this legsy You don't want to get to a D You want this legsy to continue higher into sunday night Then monday morning and by tuesday or wednesday you want to see a close above the high of the 20th of january The 43,560 higher. This is the continuous contract of the bitcoin futures And you want to have this legsy you could have gone to a D by then But this legsy must have stored here pull back for monday and then make a D just a nominal D Actually stuck in a range. You're going to be back in that range You're not going anywhere to really go somewhere and you've got a sell mode in the day D sell mode in the weekly And a sell signal after wait for the end of the month But right now it looks like a sell signal in the monthly chart and that just says The bitcoin area is kind of stuck now in a trading range and i'm going to draw this and say I wouldn't be surprised If this is what we're looking at for the next For most of most of not all but most of february stuck between 43 Eight hundreds maybe now of course these things move so quickly on sunday night We could be right through that that's actually what you want to see or if it pulls back You've got probably 30 to 31 thousand is major support So I that that's what i'm looking at now. I don't mind changing my opinion But that's what we're looking at all right crude oil question about crude a bunch of questions about crude oil Now let's do this. So you had your upside channel Chadwave inside track didn't repel the price. In fact, it's gone above that. It's still active As a as an important metric Here it is now key support just minor the intraday support of 9155 in the continuous contract It's up 235 and 92.63 and what we're looking at is the the on balance one in the blue line Is overboard saying we in for at least just a little bit of a pull back for that to come back down because it's overboard But the stochastic of 91 and flat is fantastic That's what you want to see that is very bullish and the line and yeah, this gray line That's the that is the relative strength index at a high Holding very nicely now the weekly chart is just recently broken above and can you believe that here? We are on the um week of the third of december Two months ago Trading at 61.70 Today we're at 92. You know if I don't see why the newspapers aren't having this as headlines all the time saying did we do the right thing with the pipeline if we are now beholden to other countries Countries that we might be finding other countries Is our own personal Um independence In the whole area of crudor, which we are absolutely married to even if we go back should we still going to have to use The petroleum products at some point So i'm just looking at this as critically as I can just to just to talk talk about it As reference reference points of the chart and what it's saying is We were doing very well. Look at this monthly chart of crudor. Look at this Back into the low of of april of 2020 it actually went down to 7.61 We know the aberration that occurred there, but we've gone from 7.61 to 92 This looks like this looks like the old growth stocks. This looks like a high tech growth stock But it's called crudor and it impacts the circuit tax on everything So I i'm giving this a little speech here because Something has to be done if this keeps going high. It's getting packed everything I'll be back in a moment. That's what you have to see for later for this event Down is down Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clear water 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 727-329-8322 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 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 dollars and 50 cents Sign up for david'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 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 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv That's tfnn.com then hit watch tiger tv Hi folks basal chap and using larry pesavento's trade what do you see our just to uh Show some of the trial space and my work Uh, we're looking at leg d and the fourth highest peak leg d We call it as we are going to be a little careful, but it has broken out So we're looking at this as as really important. Why because it's decidedly higher at 93.17 Then the 85.65 previous high once you don't stop at that level like we just showed cvx Stalled at the 137.00 round number high. It doesn't mean calling go high I'm just saying if there's a sharp pullback in cvx without taking out the 137 for more than two days to the upside Then all of a sudden that becomes the barrier that becomes a level to monitor as a key metric What we're all looking at is the crude oil The mac dean the monthly chart is fantastic sarcastic is very good at 85 on balance volume is very good 90s way above the 14 and that's just suggesting that even on pullbacks Crude oil is in play for 2022 still at this time. Yep Look how quickly you can move up and look how quickly you can move down This is the area that i'm saying at this point i'm going to see what happens by wednesday of next week If by wednesday of next week crude oil is trading under 84 That's that's quite a way down Um, then we got to look at it and say, okay, maybe it's made a short term time Okay, could a couple of questions came in could I look at the tlt? Yep. The tlt is trading. This is bonds Look, there's the rectangle formation. It went above it slight below it slightly went above it Went back into the range now it's trading below it which makes the 145 area A very strong resistance over the intermediate term looking at the weekly chart Looking at the pattern that I call the dreaded H. Remember the pattern. This is the pattern Uh, right there rare sharp rate down makes an arch and it takes out that left side low We've got to be monitoring very closely this monthly chart because it broke above the falling x Resistance briefly now it's under it and now I have no choice but to put in a potential arch Formation and that says That yields are going higher. I showed that chart earlier. I don't know if I can do it again now But look, this is like be down in the daily in the weekly chart the magnate is very weak This is the weekly chart of the tlt So the cast is down at 14 percent and showing no strength. Remember, this is the exact opposite of the upside I love when you're trading above 80 percent and holding because price can keep going higher It's exactly the opposite when you're trading under 20 percent, especially under if it can get to the 15 percent level Under 15 is that 14.74 and staying there says it should go to the single digits And that's just suggested strongly that yields are going to go higher So yeah, you are you've broken down. This is the Eiffel tower straight up straight down Up a case a pattern looks like an a let me just draw that in for those of you I don't know what I'm talking about. There it is We do the a and then I usually make it as big as possible and make it red format. Here we go Red. Yep. We got the red right there. Let's make it font. Let's make it nice and big 48. There we go There are that looks like an uppercase a Eiffel tower straight up straight down. All right, and we've broken the left side low. This is the third Week that we've gone below it and looks like we might close underneath the key That metric that I'm using the week of the 15th of october of 141 45 and paul says watch out We're bonds and yeah, those yields. I mean, we're watching this very closely. Here's the daily chart So this is very important. You've got until tuesday to close above 141 And if it does then it says, okay, save by the bell now You can at least go sideways try to rally a little bit. This is very important And what we're looking at is the xlf, which is the financials benefit It's not purely just the high yields. It is just the fact that you want to be looking at How do the high yields Improve the outlook for the banks and they usually do the other things can that's why each one's separate If you look at we still have a real long bank america Look at that. How nicely it's holding is up 1.2 1.12 today at 47 55 We're in from the 31 area still long and like it a lot Yep, there could be ahead and shows eventually the pattern at a peak d in the day in the weekly and leg d in the monthly So far, this is a nice play. I think I think it's going to stall soon but at this point it's doing very well and So a couple of things we're looking at so I wanted to do this grains Look the eiffel tower that we just saw in the tlt Wheat is just done that it went to a peak d Remember the fourth highest ppd is where we raised the foot of the accelerator hover over the brake yellow light caution That's where you can turn down and certainly from the continuous contract high of 876 Back in late november It plummeted down to where the 200 period moving average remember I spent some time yesterday talking about the importance of it There's your eiffel tower straight up straight down uppercase a and let me just draw it as an a Right here make this nice and big make it red Let's go all the way to 48. Let's make it red style click click look at that took seconds And you've got yourself a pattern that you can use as a viable entity in technical analysis It's called the eiffel tower of course if I call this something sophisticated to become the norm But I call the joys with nicknames and that's the way it is uppercase a eiffel tower Comes down watch out because it's 200 but the more you hit the 200 period moving average Remember tommy brian likes to say the more you hit the floor the greater chances are you're going to go through it Um, so this is it. This is your floor. You're going to be real careful here But wait a minute. What about soybeans? Well soybeans are making two doji candles after the high yesterday And I drew this in now for subscribers We don't trade these. Uh, we don't do the futures and the uh in the uh commodities The soft commodities, but we do do we got the dba, which is the dba agricultural fund from 1377 Straight in right now 20.53 leg d in the weekly chart. So I just wanted to show you soybean Soybean is making this cup formation Howard retest is a continuous contract. So your price will be a little different the pattern Everything else is the same but it gets smoothed out 1425 and three quarters is the high the week of the 14th of may It pulls all the way back makes a beautiful cup formation I drew this in as a it isn't exactly a left side right side price time match because it the lows moved to the right So you have to use a particular candle, which I did and that takes you you to around about Somewhere in February before March. We should retest the high of 1625 and a half made on the 14th of may and then you've got to be careful if we pull back next week And we go to leg D peak D is where you had that pull back before and then you can make a w formation The big arch becomes a second large or if it goes one penny well one on this case If it goes one point above that high you start a leg B In the monthly chart the monthly chart now soybeans continuous contract made it Remember the fourth highest peak in the shadow peak D is where other things can happen Well, look at the peak D in soybeans going to the high of September of 20 of 2012 At whatever that was 1383 Pulls back sharply starts a brand new buy mode holds the 14 holds the 9 because that 9 was holding above What a beautiful indicator it goes to a peak D again back in May 2014 and then it starts going lower highs and lower lows all the way down to the low that was made in April of 2020 At 741 remember continuous contract the price gets moved down So that could become a leg B and that'll be really bullish for soybeans looking out in 2022 And corn as we go into the break corn is in legs Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFN N airs live financial content streamed live on TFN N.com and TFN N's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at TFN N.com or on TFN N's youtube channel and become the investor You were born to be TFN N 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 TFN N.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 and 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 TFN N.com educating investors Are you looking for a secured investment which pays you on a monthly basis? The Tiger first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bankrate.com is paying 1 per year or $1,000 per 100,000 invested The Tiger first mortgage program pays 7 per year paid monthly on secured high value buildable properties in st Petersburg, florida The investment is for four years paying 7 per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 dollars invested or 7,000 per year on a secured Tiger first mortgage? The Tiger first mortgage program may be just the program for you The Tiger first mortgage program pays 7 per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 Hi folks, it's just before we wrap up just a bunch of questions came in So first of all natural gas remember yesterday I said peeked in the chapter where the fourth highest peak is where you got to have Moments of momentary caution Look what happened it pulled back and it's down again today down 0.106 At 4.78 now my suspicion is that if we start to see Crude all start to weaken next week a little bit Maybe we'll look at natural gas started another move up and it's got the character I'll have to look at the character of the price movement. Look at the weekly chart Long wicks and it closes at lows. It does it so often most stocks don't do that Most instruments don't and this doesn't and again this today. So what I would say is if you can see 5.15 Or 5.25 anytime Monday or Tuesday, I think it could start towards the upside That's that's an important thing then a couple of questions about uh, oh the ur Did I do that? I did that in my show the tiger technicians hour in the first hour between 10 and 11 Yeah, the fact that it made one fractional high today of 1.142 148 to 9 above the 1.148 to 8 high of This is around about the 15th or so of last month says to me that Euro could in fact move higher. This could be a brand new leg to the upside Can't ignore just that one fraction higher. So I'll talk about that more in my show coming up Monday But the dollar is really the clue because of the dollar trying to find some kind of a base goes back into the rectangle It could sort of meander to the side Maybe maybe slightly lower low, but basically move sideways if the dollar closes under 95 that euro is going to move And then I think finally you might see gold actually pick up I think those are the questions that I had then a quick question about will bank of america go to the double top That's what I said. I'm anticipating There's a good chance that it works its way towards the 4850 I don't about 50.08 in this particular move, but we'll watch it closely The next thing was mro, which we were long. We're not long anymore. Unfortunately is fantastic It looks like a leg e in the day the 21. This is marathon oil But it's only a leg c in the weekly chart and that corresponds look to the x l e If I remember correctly. Yep, leg c So these and the whole energy sector has more to go to the upside It is a leg e in the daily So we might see a pullback looking out there. I said look out to have a wonderful weekend everybody and uh, thank you There you are I simply would maybe send it to you and uh, see you all my not sure very back Monday. Have a great weekend Check out