 The following is a presentation of TFNN The Tiger Technician Hour With your host, Hazel Chapman Call now, toll-free at 1-877-927-6648 Hi everyone, it's Thursday, September 23 This is an early edition, 8.06 in the morning Eastern time, it'll be recorded and played again at 10, unfortunately I have an appointment I couldn't change So here I am in the early edition I just managed to get my charts out and for subscribers I sent the charts out but my template was for Wednesday I just, I was so busy I forgot to copy and paste it for Thursday and Friday Everything's exactly right except that the left side chart with the Dow should be updated and it's not Alright, here we go So the Dow closed yesterday at 34,258 It did not take out Monday's opening bar high It was also the open and high of the day and that was at 34,313 Yesterday's high was 34,440 Wait, something's wrong 34,459, sorry 34,440 So this is going to be really important I'm going to explain a whole bunch of things as we move on and the questions someone said Son, I believe that you have audio everything should be good Just let me know if there's no audio Okay, here we go So the Dow futures and this is really important to me the futures this morning had a nice green candle still a green candle hit the 14 period exponential moving average at 34,466 that's way above that Monday high That is really important and even more significant is looking at the rally that occurred I'm going to show you something in a moment Look at this I showed it to subscribers sent it out this morning Oh, the wrong one Gosh, where did I put that chart? Alright, I'll find it in a second Give me one moment here Oh, I know where it is There it is So look at this chart So the big question is the low that we've made I don't know why I'm having a little problem here I don't want to mess around There's a limited time I've got to get this out Here it goes Is this the one? Let me just check Yeah No, this is not I'll find it in a moment In fact, I'll use this particular chart right here that I showed subscribers So this is an opening cause when I sent out this morning Look at the coincidence in the green lines with the lows that were made with the on-balance volume and look, each one produced a pretty decent rally One was sideways that was the one from what was it, the beginning end of April, beginning of May but others have been perfect just rallies took off immediately So that says to me Alright, be a little careful here because we are short and now we have to monitor this very carefully What is different? What is different is that the time that the Dow has been declining and the rotational aspect of all the different sequential highs that have been made and if you look at the volatility index and made it peak D in the day it's very unusual and look, each one of these tops occurred right exactly as you got a very sharp rally in the Dow So with that said the caveat saying Hey, we might be making something very similar even though there are there are a lot of aspects to this market that say because of the rotational perspective that I have a coincidence low at this particular point with so many stocks like an Amazon a very important stock like an Amazon really Oh, did I just change that? I hate when that happens an Amazon, here we go click over here and press Amazon come on there it is making a low but none of this seems to be the low that Amazon still seems to want to continue consolidating and if you look at the QQQ where Amazon of course is an important part of it there was a rally into the into the gap yesterday the MACD is still very weak the 9 period is still below the 14 period moving average and that shows weakness there was a very nice V-shaped turn up in the on balance volume the stochastic is at 25% I prefer if it's at about teens or single digits for a big turn really serious turn around so I'm suspecting that the pattern that I've drawn in and in most cases I draw this arch formation saying in the Chapman methodology often coming off some kind of a low there's an arch formation and a retest and that's going to be the big thing I think we're still there there are a lot of news events that are going to be coming out today 8.30, oh where did I put that I think I might find it there's just a slew of economic reports that are coming out let me see if I can find that I had it all written up let me see if I can get it before there it is okay so no it's not that alright sorry I haven't got that either this 8 o'clock time to get my newsletter out and everything that took a little bit of work to do so yeah I haven't found it but there are just a slew of economic reports coming out so I'm going to talk about using the Dow for the moment let me go back to the Dow the big thing is going to be if there is a failure pattern today that's one thing in other words the Dow closed at 34,258 if not the futures I'm talking about the actual cash if for some reason we close close to the 34,258 close of yesterday that essentially changes the pattern a little bit why because if you look on every one of those major turns they gave you a pretty decent rally look at the one from the 20 roundabout what was it the 18th of June look at the way the on balance volume turned up look at the way the stochastic considered being flat which is what we're looking at now reverse sharply higher from under 20% to over 20% look how the MACD histogram was turning up look how quickly the 9 period moving average within 3 bars of the low you already seen a nice move up as the 9 was starting to improve you saw that again on the 19th of July at 33,988 after that peak E top in the Dow at 35,090 that was a high level a rule of thumb is that when there's a rally that starts the stochastic in about the 50% level be careful because the next turn down even if it's at a peak D or E in the chaff wave 4th and 5th highest peaks we've got to be real careful it can be quite severe and obviously this one was severe it took out the 30,981 low of July we went down to 33,613 so look the stochastic is flat and that says to me that the pattern that I've drawn in I have to consider at this particular time is correct that we could rally and then start to fail and arch over that's my impression now of what we're looking at and then that 33,613 level going into the end of September beginning of October becomes really important because if we take that out that is a failure of some consequence so we've got our first plate coming up I haven't really covered many of the others but really the Dow is a very good benchmark we'll use that for the moment I'll be back in a moment Basil Chapman in the early edition What's separating you from the most successful men and women on Wall Street? 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From the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN Educating Investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Hello, it's Basel Traffinia early edition this is 8 18 a.m. in the morning Eastern time and it will be replayed at 10 o'clock that will be 10 18 at this particular time we'll see what the dial is doing at that particular moment let's look at the NQ which is the E-mini NASDAQ 100 continuous contract I'm looking at it at 15248 the high so far this morning has been 15300 15300 now it's really important about this you've got the chapwave inside track right here this is the chapwave falling X formation there's a lower highs and lower lows makes an expanding cone formation if at any point in the next three sessions that's going all the way to Monday if there's a touch of 15400 it breaks the resistance line and that's really positive and so far we've seen select NDX 100 stocks running sharply enough to really help and it has in fact with the 9 and 14 period moving average in the data that's the pink and black line it touched it today just like the Dow look at this the Dow futures touched exactly well within a fraction of the 34,470 high of the 14 period exponential moving average today's high so far is 34,452 look at the S&P let's go to the continuous contract just for the moment that also touched that that's how important these moving averages are you don't need them until you need them and it's pink it's in a cell mode so a decisive break in this particular instance let's draw this I don't know if I've got the time maybe I'll do that tomorrow remember I had that alternate count I said this in the chapwave methodology there's an alternate count that I can use that particular count there was there's never hardly ever in history if I got peak C in the data chart an all-time high with a failure pattern it happens but so rare it's unbelievable how rare it is there's no other way I can count it but here there is and that makes it a peak F alternate count at the high that was made in the e-mini futures of the continuous contract at 45,40.25 now let me do this I wonder if I can get that chart now is this the chart I hope it's the chart let me just expand this yeah okay here it comes yes this is the chart okay so we're looking at the e-mini look at this v-shaped bottom in the unbalanced volume look at that look at this one right here look at this one right here whoops I just missed look at this one which was the lowest low that was the lowest low I believe this one failed it did it worked because it did rally but it failed in the sense that it wasn't the exact ictus the low right there look at these so I can't I never thought of this until two what is today Thursday until Tuesday night going into Wednesday and I had a chaplain wave very low trend gauge reading which would have suggested that there should be a weak Dow at some time early in the morning and then a rally of course there was no such thing even though the down closed way of the high yesterday it was a fabulous session it was a very good session and yesterday I had the same reading so even today there should be a weak Dow so there's a very seldom does this particular index fail but it is that would be two in a row that's really a that says that something else is going on and therefore I have to respect it so my suggestion here is that this inverted V shape in the on balance volume is telling me that there's still enough residual strength not just weakness but it's now strength I've got to respect that and as a result let's see how the day plays out because there must be I didn't have a chance is that it no it's not what an old reminder let me just see what that is I wish I could get all the different no it's not that gosh that is disappointing I had it and I said print it out so that you can see it tomorrow it's going to be such an important day it just goes on and on I mean jobs reports all sorts of things so I will see at 8.30 it starts off and how the market reacts in seven minutes time is going to be important but look the e-mini the MACD this huge turnaround it'll be extremely positive if sometime next week the nine-period green nine-period moving average of the MACD crosses over the red slow moving average but at this particular point that is a big that's our very wide discrepancy in the negative part of the MACD the moving average convergence divergence the slow stochastic at 26% it didn't get under 20% in the e-mini futures I believe it did in the S&P SPS on X there we go in the cash it did for a moment but now it's at 21% so yes it could rally but it's flat and usually with these look at this look at that sharp turn up so I have to still consider that the work that I've done is suggesting that yes it could be more of a balance but I'm still going with the aspect that from my perspective I think there's going to be a rally and then a rally failure and then we start to see testing now intraday you're going to have clues because if this often and often maybe 130 or so if the Dow is holding a plus 90 to 120 holding it and the S&P and the QQQs are actually incomparable even stronger position I can't deny that that would be really good action and that there's a chance that there could be a much sharper and longer rebound it might not be a rebound this could be one of those loans look the volatility index I'm just I'm arguing this out loud for a very good reason because there be it's I've always said over the many years that I've been here TFNN decades I've always said that for the the only tradable or index or particular index that we've ever used that doesn't confirm and doesn't actually correspond to the Chapman methodology of looking for a buy signal to go to a buy mode is the volatility index why because it's based on fear and you never know when fear is going to be and then it happens it occurs and then there's a washout because oh everything's okay we're going to survive another day and that's that's kind of what we're looking at here because look interest rates all of a sudden the market is saying who cares about interest rates what were they worried about if they don't care now so all I can say is interest rates we'll get to that in a moment was a factor that was a worry you had a lot of other aspects you had China you had Evergrande you just said you could go on and on but look the SAP D at 25.09 was raised the Delta virus back in the July 19th market turned around and VIX peak D turned around there was a sudden spike remember on the 19th of August a month later where you got it was the same thing and then you went to peak A minus because it fell down so sharply then you got to peak A B C and you finally got your D look at this you got a D at that top I always put the down arrow at the D top aha when we get back we'll get our first report economic report of the day 28.9 he was the high back in May and there was another market turn around and often these peak Ds take a while to get back to it I have to respect that I'll be back in a moment thousand chapter 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. 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new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com we're back and we're waiting to hear 830 is I believe it's the jobs reports I'm not sure he has your one minute chart peak D in the e-mini just put it in there I don't see any reaction sure I'm sure let's see yes and Dan S&P was always mentioning Unity software the company on Kramer show had a huge boost I mean there's just nothing that this company can do evidently and it was on my list as well but I just we didn't get in Unity let me show you here it is trading pre-market at 138.51 up 5 it made an all-time high at 139.22 back on the with a 134 round number open on the 10th of that was 10th of September pulls back to the 124 135 area and now it's at 138.51 pre-market so yeah this company really looks so Unity software and game creating software but it isn't just games they seem to be able to put their motorshop around their platform anywhere so 174.94 was the open on the 25th of December the open was 150 round number high and it went to 174.94 the week of December 25th 2020 slumped down to 76 round number low on the 12th of the week of the 12th of May and then ran up to a P&D so let's see what the futures are doing here yep still holding very well up 27 so this is going to be really important because I was discussing for those of you who have just joined I'm doing an early show it will be recorded and played again at 10 30 a.m. so pre-market the S&P futures up 227 the e-mini futures S&P are up 2650 the QQQ let me just go there for a second because we did that just a moment ago to the NQ and this is going to be very important because today's an important session off a potential low and I just say potential low I explained I went through it very carefully why I'd seen the on balance volume and the VIX index make lows so sorry make highs coincidence to market lows many times before and I don't want to get in the way of a move that's going to go up and then I think before we still have long positions and they don't want actually made an all-time high yesterday so we have long positions and we are adding today if everything works out well we will add today to not add we will start a new position alongside in the sector we haven't been in for ages therefore it's a sector that has the potential to rally is trying to map out some kind of a low right here that is maybe tradable but we won't know unless it moves I had said about 60 cents or so from where we'd like to enter and then we'd have some idea of what's moving higher but when I went through a number of stocks last night yesterday last night I must say that there are enough stocks to carry the market further on this initial thrust of the low so let's do this let's go on with all the others look at the IWM this is the Russell 2000 had a pretty good session yesterday now it's up to pre-market at 223 let's look at the RTY this is the RTY this is above recent highs this is a good sign 2236.40 up 21.50 Grayleg A because the stochastic is still it has crossed positive yet on balance volume is up running nicely but the 9 hasn't crossed above the 14 this is really an important period because even though it's stuck in a range in relation to what happened in some of the other indices the small caps the Russell 2000 actually held pretty well so I'm trying to be as objective as I can let's go to the TLT this is the Elizabeth look a really strong leg D it is down today but yesterday's candle had a really strong leg D underneath the previous high in the weekly chart of 150 was that the one that went to 152.7 152.71 on the week of the 23rd of July just about to retest it and today it's down 49 cents at 151.30 so they're basically looking at bonds let's just look at that there you go there the bonds very very good move yesterday giving some of it back today it's only up to 30 seconds at 163.26 30 seconds so now I need to look at the other areas I want to see what gold is doing now I give it a little time I'm usually a little bit behind in gold it's down 8 at 17.70 if someone could correct me and give me the most up to date this is really important I think I'm 10 or 12 minutes behind here in this particular in the contract so it's down 8 to 17.70 I'd say it is stuck in a range it's tradeable but more intraday than anything else I don't see it doing much at this particular point let's look at silver we spoke about silver yesterday silver is just down 20 cents at 22.7 oh let's look at SLV because we had a call yesterday and we were looking at that yes it had a nice move intraday this morning in the SLV I was at yesterday that was yesterday and the 21.04 I said you want to see it close into close not just get into the 21.35 or higher area it's now at 21.04 what's this SLV because that's also going to be part of a clue do you see the relationship between the relationship between gold and silver and how silver is acting or reacting let's look at the dollar here again it could be a little bit behind the dollar is acting a little weaker it's down 27 ticks at 93.19 this is a leg D so any pullback here suggests that it could be a peak D and in a peak D we're always a little careful that 4th highest peak is where you lift your foot off the accelerator we're actually long you lift your foot off the accelerator hover over the brake to see what happens next look at the pullback in the weekly they went to a peak D now sharply from the 93s down to the 92 actually just under 92 now we're at 9318 EUR, USD a little bit of a balance here 1.172 up just a fraction it's actually a very weak looking chart so I'm not sure how long that's going to hold let's look at the USD, JPY this is the yen currency pair that's running nicely so often it moves in the same direction as the dollar not in the same proportion it's just a direction that's all so this is stuck in a range at 109.98 right now 17 ticks is stuck between 110, 20 area and 109 let's call it 109 10 area so it's just stuck in the weekly chart there as well so I want to see what crude oil is doing crude oil is down 33 at 71.91 it made a peak D it's gone above the JPY falling ax formation should try to test the left side high so this is very important 72.90 in the continuous contract you can see the JPY inside track and falling ax formation let's make this green right here this is a technique that I use just joining highs okay and then putting in a little tiny parallel track parallel there it is parallel and there it is so okay now what we're looking at is we got JPY inside track repellent zone that's where crude oil is if crude oil is able to trade at 72.85 to 73.10 close in that area in the next week that's going to be a big positive different slides it's got a lot of support from 70.50 to 70.20 areas that's the JPY in the early edition I'll be back at FANG as we go to the break FANG is trading oh this is a very nice group yeah I'll talk about it in a moment because it's important to say that it's broken out I think this is not a cheap copy I'll talk about that in a moment FANG are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex creditor in the trading markets and join the Tigers End Trading Room at TFNN.com the Tigers End is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the Tigers End 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 as they share trading ideas news analysis and discuss the market action all trading day subscribe to the Tigers End risk free with our 30 day money back guarantee and become part of the TFNN trading community 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 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 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 C-H-A-D directions daily C-S-I 300 China A share bull and bear ETFs China A shares in either direction visit directioninvestments.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 067523 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 for 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 then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV folks we're back so we're looking at 8.22 a.m. in the morning we're looking at the Darfur's is up 237 Darfur's is up 27 and the actual QQQ is up 213 so this is a pretty good session so far whatever was said the jobs report is the market is taking it well I had a question in the den about FANG which is Diamondback Energy Inc trading at 8580 too early pre-market open and I've got this Chapman Wave instant restart so this is G-STAS-C with acting very well it had I did this I had lost the notation here but I remember writing it out some time ago and I should have taken it to heart because this is just a wonderful example of a Chapman Wave overlapping wave what happens is goes to either a peak B and then it pulls back or a C and it pulls back and then what happens is underneath the initial peak this is the case it's a weekly chart it makes a peak C on the week of the 5th of March at 88.75 pulls back quite sharply to about 69 and then it saws a gray peak A, a gray peak B and then it goes to gray peak C and what happens is when that takes out the left side peak C the first one that's the one that had a high of 87.60 immediately it starts leg D and that leg D should right here pick up the previous peak C now you've got an overlapping wave the high before was 88.75 so once it goes to 88.76 leg up that constitutes a leg D in an overlapping wave and the rule is that leg D should then pull back to the breakout level and it could even go to a peak E and then pull back sharply well this one went to the D pull back it actually then immediately a week later goes boom leg E all the way to 102.53 the week of the 2nd of July then it pulls back very sharply to the 65.93 low of August the 20th and now it's in a nice leg to the upside so far I have to still call it gray leg B because the MACD hasn't crossed positive neither has the line period over the 14 but this is looking good because the monthly chart looks like that peak C high of in 102 should be taken out at some point it should go to a leg D at some point that's a by-mode in the Chapman wave methodology invariably will take you to a D that's the objective then you have to use other Chapman wave techniques but that's the objective so let's see Belzil please review gene similar to PRQ or gene I have new to gene I wonder if I've still got my notation on gene yep no it's all gone so gene is G and E genetic technologies trading in $3.44 up 4 cents it's gone from a low of 2.90 on the 18th of August peak A let me show you this let me do this live so you can see a lot of people now using Chapman wave methodology so I always have to be very clear what I'm doing this is an A and this would normally be a gray A until it has a sharper move up with the MACD crossing positive and dead so that goes to a buy mode and then there's a parallel high right here now what I sometimes do at 347 and 347 on the 31st of August and 1st of September is if I'm looking at the on balance volume or any other little wiggles in them in the 90 or something I'll just to be safe I'm going to call that a phantom peak C because everything about this peak D said that that pullback should be quite sharp so I put that in and I always make it very clear that this is in the Chapman wave methodology but it is an it is an addendum it is it is a side note that I can do that when I think that especially when the stochastic fails at 80% quickly goes down what it did it went from the 358 or 59 area down to 393 19 that's a big percentage move and now it's in a leg A gray leg A and what I would quickly do is I put in this right here this is a question from our bio biotech expert right there and I put that in and I say okay make it very clear so far the MACD is positive the 9-speed moving hasn't gone back to positive it's still negative the stochastic is very it's flat at 31.49 on balance volume is good so you need to see everything in sync to be able to get a solid move up but this particular level here what do I do in the Chapman wave methodology I color this you don't have to color these things in it's just that Trace Station always has a fantastic toolkit for all these technicals I use them not all of them I use probably a 100th of all the stuff that they have so here we are Chapman wave insight track repellent zone if at any point in the next 2-3 sessions you're looking at this it doesn't have to close it just has to pop to the 350 level if it closes above 348 and then the very next session goes to 353 that's what you want to see because at that point the stochastic will probably get to 35 or 38 percent that's really what you want to see that weekly chart nothing to see yet but it is improving and that says there is a close on the weekly at any point in the next 2 weeks a close that is about 365 that will be your first sign of strengthening the weekly chart but it is biotech you can see if I look to this chart I say oh biotech why is that because intra-month you've got these massive percentage gains I mean massive move from the 2s into the 6s and the same month it plunges and closes at the low you have a move back in you have a move back in July in the monthly that had a low of 218 and a high of $10.30 and 4 months later it's trading at $2.77 typical biotech this is one I'd be really careful of you need to know the story you need to be in the trade as it's about to accelerate and once what I would do is if this starts to accelerate to 365 in one quick swoop I'd grab it and I'd put a tight stop in and let it just run and if you get it that way that's fantastic because it could keep going so just to be clear anyone listening this is a long-term hold for me 2 plus years where I believe it will be much higher okay good, good to know first board it okay good alright well just keep in mind folks I'm talking about it as a biotech and that's what happens okay now a bunch of questions natural gas in G yeah made a peak now this is unusual because this I couldn't count it in any other way I tried but this I could right there alright I could make that a phantom the reason why I wanted I kept looking at this chart and I'm saying there's something wrong this looks like it's acting as if it's a peak D so this is what I digest not every time you can't do it every time but once in a while I go through the charts and I say what is there about this chart that says that that reversal has all the characteristics of what I'd expected the fourth highest peak look at that pullback from 5.60 in natural gas down to the 4.50 now it's trading at 4. sorry 4.68 area 4.73 and now it's trading at 4.85 and this has all the characteristics of a peak D and now it has to restart a buy signal to buy mode and the monthly chart made a peak D I'm watching natural gas I think it made it some kind of a top care that might hold for a little bit longer I'll be back in a moment for the final section Basil Chapman, Tiger Fish and Sour and check out more people there The reality is that navigating financial markets can be risky markets can be chaotic 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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 Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com Then hit watch Tiger TV That's TFNN.com Then hit watch Tiger TV Hi folks, so just as we wrap up let me just do this again very briefly I'll just make it as clear as possible If after 1.30 this afternoon the Dow and the S&P and the QQQs and the IWM are running very strong Dow is over plus 90 plus 120 might a bit more than that That would be good action because that would replicate what we've seen in the on balance volume at these moments where you got a sharp pullback and a big reversal My issue here is that the stochastic is still flat at 23.98% It's not really confirming so the close today into tomorrow is going to be really important. I don't want to miss out if we're going to go to at least test close to the previous highs and then maybe pullback whatever it is. I want to be ready for it. We have got short positions. I'm going to stay in the short positions for now they've been working very well I want to overstate my welcome Keep this in mind that within the context of the pattern itself Yes, you could fail a little bit. Look at this one here you got a really nice turn up and that was the high, the low of about the 18th of August and then it flattened out and then it turned down. So what happens is going to be really important and a statement came out to me let's see whether the Chapman wave versus the Fed is going to work out now so the billion dollar question will the Chapman wave knock out the Fed with the market continuing to further down with slide like you felt earlier this week. You know I'm just following whatever I follow I'm prepared to switch back we have a call long term position long from way back the marshmallows of last year but this is different correct in identifying the sell-off the sell-off has been pretty sharp but it's been a short term sell-off in time for some of the indices look for the Dow it's been going on since look at this, this is the high that was made way back there at August 16th look at the Q's, the QQQ only made its high on the 7th of September you remember there's a rotation in highs that are made so let's keep this in mind how the Dow is acting later today is going to be really important for the close and for this particular pattern the Dow hasn't yet filled in the gap from Monday's gap down but the others have been looking to do this have a wonderful day, I'll see you tomorrow for my show at the regular time, 10 a.m have a wonderful day, thank you Brian's coming up right now big thanks for your help