 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 everyone, sorry to disappoint you. Larry I believe is in London not able to do his show today and This is Basil Chapman. I just finished the Tiger conditions hour. I have some time I have to leave just before the end of the show got a meeting So I wasn't able to change anything there But I'm gonna be able to do this and what's really important about this particular hour is this is the exact hour for my Subscribers that we wanted to see whether there was some kind of strength to the upside and just a very quiet stair-step move to to To regulate the selling that we thought would be earlier in the morning And we did have a chapter we've high reading shouldn't gauge was said there should be more than a 9 to 11 point e-mini S&P rally that helps the market. It did that earlier on and now it's gonna have to try to do it again We'll see if that happens now The reason another reason why I thought it was appropriate I had a lot of questions that I never actually got to in my show and I thought okay I've got just a moment here. I'd like to be able to get to it. Let me move this away. I think I can do that Yes, I can so let me run these numbers really quickly the Dow itself the cash is up 18 at 34,698 In the Chapman wave methodology. I'll just do this really quickly Because we're always we're having a lot of new people coming in especially to the den. That's really exciting Um, I try to identify the lowest low bar. I count each successively higher peak I grade them. I've been getting stocks and commodities magazine for 30 I've run it how many years just for decades. I've never yet read anything with someone grades the actual peaks in this particular case I Notate them alphabetically sequentially ABCDEFG The first peak is a if it doesn't take out the starting point the next peak is B It doesn't matter how low it goes off to there as long as it doesn't take out the starting point then you upgrade the debt the The buy signal to a buy mode what that implies is that there should be at Least at least four higher peaks to a peak D. What does a peak D mean? I'll just scroll to the left side the down made a high at peak D in the Chapman wave methodology at 36,952.65 all-time high in the fifth of January pulls back and then what did it do? It made a pack because that peak D other things can happen. They can recycle to the upside I'll be talking about that in my webinar coming up on the Wednesday, April the 13th 4 o'clock to 5 30 and of course they were able to get it. It's archived It's for subscribers and you can become a subscriber Remember, it's a it's a 30 day in bunny back guarantee if you're unhappy about anything and there once you're in For free you'll be able to get all those webinar eight nine ten eleven webinars that I've done all based on the chapter in mythology and how it's used and We'll do this in real time even because that's what's the use of anything if you're not doing in real time So look we made a high a low at about 10 27 at about 45 19 45 18 and the e-mini and he went peak a peak B peak C peak D peak E And then it pulls back. I I just decided I'd keep in the Fibonacci numbers I like those sometimes it looks just too messy and I just get rid of them And it went to a peak and this is this a new an old peak F Or is this a brand-new? Leg a well, no, it's a big leg B F slash B because there's the new start of a move There's that low that wasn't taken out of this could be what I call a gray a Look what we're doing the MACD is making this second art formation. That's a good sign Stochastic is improving. It's not great. It's 67% on balance one in the blue line is okay, but From that moment that it switched to green this nine-page moving average above the 14 when green as long as it's green It should continue higher. We'll see if that happens, right? It's just a one-minute chart, but it's the same application to the ten-minute chart ten minute chart main right here I was on air when we did this. I believe it was way back a few days ago We made this I'm scrolling to the left. Can we keep going? Can we get okay? You're gonna have to stop at some point. There was that peak D Back at about three o'clock just just at the close four o'clock on What date was that 29th and look at that and my rule of thumb is that a rectangle formation can last a lot longer than your Patience it could maybe take a stab at moving above But once it does that is bound to come back in and if it takes out the left side The the the lower rectangle low you can go quite a bit lower before it tries to go back because it's always so quick They didn't have a chance to say goodbye to its friends in the rectangle formation It goes back and then it pulls back one more time. Look how long this lasted This is a ten-minute chart and it goes from about four o'clock on the 28th all the way to Right here when it finally broke down That's the rectangle. Let's call it right there when it broke down at 11 o'clock on the 30th And that's a ten-minute chart. So anyway, these are techniques that now when Larry looks at it I'm sure he's looking at a to B equals C to D. We have that this morning So in the meantime back at the ranch. Let's just do this Let's get out of that or what I was looking at was The patterns and the patterns say that within the context of the peak APB fourth highest peak is where other things can happen What did we do just the other day? We made a peak D with a little doji candle I call it the Chapman wave silent doji when either the day before or the day after a higher or low There's very quiet little doji if you did a scan you'd never find because you'd be looking for the exact turn But if it's the day before the day after I call the silent doji candle And you've got to be careful because if it pulls back and could pull back quite sharply Well, we certainly did that yesterday down 550 But look at the day we held the 14 period moving average the MACD is still good None of these are techniques that Larry uses. He never looks at moving averages It always makes a joke about them. Well, then the jokes are a little less over the last 10 years or so because he's seen that sometimes it's Let's face it Larry Tom Tommy Dave Steve Myself we all Respect one another's techniques and the reason why we even take the opportunity when we get it to listen to the shows of Our other hosts is because everyone has something that they've spent not a little time But a long time working on and they really know how to use these techniques So what I always say is if you wake up in the morning and you always make up on the left side But the day you come out on the right side it rains Maybe you can use that but it's better to have some other techniques as well So we have a myriad of techniques. I have my CSN road buck toolbox, and I'll just make it real simple if in the next three days The Dow closes decisively under the 200-period moving average, which is a 34,400 I have to consider that yet we've made that peak D and it's more than just a nominal high It's going to be a high more intermediate term and all I can say is that's going to be really important if any time next week We take out 35,372 doesn't have to be on a close. We just have to take it out That's going to be really important and that says internal strength is selective and it's favoring It's favoring the It would be the Dow. Okay, so enough of that. There's a ton to look at Let's just see what the US bonds are doing. I know they always because the bonds are bonds are down 1.1 30 second and 1.49 and 30 second So it's made a peak A. It's off the low. It's trying its best and look at this inside track capital wave propellant zone Right here in the week of chalk 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 Updown 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 TFNN comm educating investors What's separating you from the most successful men and women on Wall Street? 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I said could just do some of that again because we There were a lot of Implications, so we're looking at week which is trading at 1006 and three quarters What's really important is that big spike up to 1363 and a half remember that might change does a continuous contract But the high of the 8th of March pull back and did the dreaded H pattern successfully It did another one. So basically what we had is the lowercase H Went to a repeated arch formation forming a lowercase M Right there and then took out the left side low and My rule of thumb is that if you do that to successfully in other words if it pulls back and breaks Underneath the left side low and closes you can do a one-to-one of the arch formation And that just is be careful because there's a chance that this 50-period moving average Which is acting as support in wheat could in fact see a pullback towards the 956 level It's at 1007 so it's making lower lows and lower highs The indication of a trend what is a trend trend usually it's a very simple way of looking at it could be more complex But to keep it as simple as possible high highs and higher lows says if you're an uptrend Lower highs and lower lows says you're in a downtrend and you have to look at the time frame This is the daily but the weekly chart has a straight-up single leg up to where a peak D and then it failed I know a question came in could you talk about that Chapman wave a Roman candle? Yeah, well, let's just do it. I have a technique that I only I only use about three or four candles in the candlestick formations And two of them are my own discovery One is the the Roman candle which means that near high if you see a Gap of opening and then a fractional tiny little bit because it's got a Roman candle because when you like that candle And that's exactly what happens There's a price that plummets and then closes a half to three quarters off the low That's the that's the characteristic always look for then the rule of thumb is the long wick If in the next session or within two sessions there is a price movement that holds in a shorter time frame For a certain amount of time you see if it's 120 minute chart I'll usually say if it's for 90 minutes if it has that 90 minute candle close underneath halfway of the wick in this case It would have been 11 1240 1240 It says be careful because you're very quickly gonna test the law and probably break the law in this case It did both that he broke the law It created an inverted chaplain wave Roman candle Which says if at any point you go halfway above that wick you can have a move towards the top well It failed it didn't do that it made the lowercase H Look at the MACD failing look at the stochastic failing look the nine-peered moving areas the green eyes still way above a 14 and Finally a few days ago on the second arch formation It took out that left side low so the weekly charts is the question of the den is could the I AI make a chaplain wave Eiffel Tower, that's this I AI which is the the Isha's broken dealer ETF Was that oh no Apple could Apple do that a Huge single leg eight to the upside and then a failure pattern I would say absolutely, but I don't think so I see technical strength in Apple on the daily basis I see technical strength the nine above the 14 in the weekly basis They might not go all that much further, but it is definitely in a sideways trading range rather than about to plummet That's just my estimation now. I'll change my mind if it starts to trade at 169 and it's at 173 right now So it's a good question now. Let's go back to what we were looking at the Eiffel Tower in W continuous contract wheat This is dust wheat. This is the weekly chart Spirals up and look at these red candles when when we think that wheat bread basket of Europe and and the whole area between Ukraine is This is this is devastating how the farmers gonna get the wheat to market, etc. And yet look what's happened You've had this huge emotional spike gap up fills the gap making lower lows So so far all I can say is and this wheat on Friday is closed a week from today is able to close above 195 to say I'm back in the range I see there's a chance you have a little bit more weakness before it has another big pop to the upside If it's going to do that, but if it fails and goes under 896 Can it really do that? That's the Eiffel Tower straight up straight down and look at this wick in the monthly chart What is the longest wick? I mean it's amazing, right? Look at this. This is the week continuous contract had a high These letters change because it gets smoothed out, but the letters are exactly correct. They're in the wrong place though And look at that spiral in the continuous contract to February of 2008 up at 20 to 60 and it comes down to a low of 487 was that in a bear market and now look at this beautiful cup formation So it is working its way higher and you can't ignore that look at we look at soybeans soybeans Look at that stair step move fabulous move in the monthly chart Peak B as now underway because yet last month was a lower high Looking at it. Am I going to do the right thing now? Yes Look peak D in the weekly chart remember how important D and E is because this E and then it makes a cup formation within the Rectangle it goes to the D just under the previous high That's the rule of thumb and now it's arching over so these commodities are actually pulling back And what's fascinating to me is we are so long for subscribers from opening call the DB agriculture fund and as an overall fund Look where it is. It's just digesting gains in the second arch formation within the big rectangle So patents repeat their fractals of human nature and human nature repeats the same things over and over Polis is a crisis takes a much longer time coming than you think and then it happens much faster than you would have thought Ready girl Dornbush. Thank you. That's Dave white. Don't forget because great shows Dave white show is at 2 o'clock in the afternoon after Steve Rhodes, which is at 1 Okay, a couple of things that's the DBA DBA agriculture fund We've been on since the 30's you're 22 point 64 Taking a little bits off and it's a 21 93 holding very nicely It looks to me like it's a pattern that you'd have to consider a failure pattern if it closes on a weekly basis below 21 Because that'll be under the 14 period moving average so far. Holy very well The dollar. Oh, I didn't talk about this yesterday. I spoke about the dollar I told you where it is and I spoke about the arch formation. This is the upside down one This is the second arch of the M formation, but what I forgot to say. I think I forgot to say it Is that a rectangle formation can last a lot? I did say this a Lot longer than your patience, but most importantly the dollar Has got the pattern that says I'm stuck in a range Just don't worry about me unless you're a short-term trader and I'm going towards the 97 70s You can buy me because I'm going back to the 93 30 90 99 40 area and then I'll be reversing back at some time that won't work But it's worked over and over again since my beginning of March Every week we've been up and down and up and down, but all within the range So I'm going to extend the rectangle formation even further and that's important Look the Magde's failing the stochastics horrible at 36 and yet that night period moving hasn't yet crossed negative If it does and the dollar starts to go below 97 15 That's going to be important. Why because then you will see the euro start to break to the up side That's a trap sitting you for the hour of Larry for the vento. I'll be back in a moment It does a point to the SPS 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 join the Tiger's Den trading room only at tfnn.com The Tiger's 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 the sharpest minds in the trading world Subscribers to the Tiger's 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 Tiger's 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 and 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 traders 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 seventy nine dollars 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 for more information Just click the think or swim banner on the front page of tfnn.com So coming back to this is Basel Chapman Larry is away I'm using the time because there were a lot of things that what people had asked about I didn't finish in my show So Apple made a peak C1 C2 to talk like a peak D that was around about just before 11 o'clock That was yesterday At about the 179 area pulls back as a rogue wave spike to the upside Because the technicals will weak if you were short you'd be correct to be short But usually what happens in the rogue wave it just breaks the previous high long enough for the people who said oh I should never have sold I should have sold I'm gonna buy some of it back right now And for the shorts to say what am I thinking about shooting Apple? Am I crazy? I'm uncovering and then it pulls back and it within moments is back to where it was previously That's exactly what happened here to have me rogue wave and then it continues on its merry way down It made a big arch formation at the two look how long it took to break the 200 period exponential moving average Do you need it is an important tool? No, not unless you needed but all of a sudden this became you when you were up there 179 did you care about the 175? 200-period moving average no all of it is the 200-period moving average at 175 No, but then all of a sudden it goes up holds it as support tries all the then moment breaks down and Plumbers down and as the pattern of the core the lowercase h they can go to an M It's called at the arch formation if it takes out the left side loaves 10 10 plus 10 this morning a 172 51 if it doesn't close back above that within two bars Maybe three bars. That's a negative and it could have a one-to-one of the 174 level down to 172 Was it 50 172? Yeah, 50 to the downside So that's why I look at those is just a pure technical thing Now let's look at this. So here's the question. So in the context of the euro Yes, it's had a rally. It's making higher highs and higher lows But if you look at the weekly chart it stopped dead in the 14-period moving average It's only be able to close above that 14-period moving average once since it broke down In June the week in June the 18th 2021 when it was up at one point two one and here it is at one point one oh and It's struggling and that says to me that the dollar still has internal strength And therefore you got to look at it closely because the USD Jpy we did this yesterday. This is the This is the dollar yen Japanese yen What I'd said is a quick pullback from a peak e at 125 point ten in the continuous contract three bars Two of the bars. This is now the third ball. That's held the nine-period moving average and look at the move today Up a dollar point one to five at one twenty two point eighty two And basically what this is saying is that there's still some internal strength And I'm going to draw this in for now. We'll draw it in a little conservatory Conservatively and say this is the trading range. I'm anticipating for the yen Shorted term going into next week, but it is a leg e and at a peak e you got to be careful We haven't made a peak e if there's no high above one twenty five ten in the continuous contract Next week that becomes a peak e in the weekly chart And what I'd said is look at the late e in the monthly chart Look at this beautiful f-side right side price time match in an H pattern that formed a cup formation Going back to what to within You know a very narrow range of the previous major high that was back in June of 2015 and yeah, we aren't in April of 2022 and we're coming back to that level so the is internal strength in the Yen because it usually moves in the same direction as the dollar but not necessarily the same percentage That's my analysis a couple of questions came in. Yeah, we can have a quick look at those fce is is Val's Fargo trading at forty eight point thirty underneath the previous high This one is like many of the bank stocks that have gone to a peak C That's usually not a good sign when it fails at a C and comes back down But the fact that it does go to a C says there's a little bit enough of Internal strength that says it could hold it the low that was made in the 45s It's turning a 48 30 monthly chart weekly charts peak e monthly charts peak d I think this is I think that the financials are going to have somewhat of a difficult time Even though rates seem to be moving higher I mean we're a long Bank of America a Bank of America from the 31 area taking a little bit off It's the longest period. We've had it usually we have it for Six to eight months and then we start taking off as it comes back down Then we'll get it again later on this time We've got it went all the way from 31 to 50 point 11 They're a little bit soft and he has that peak D in a certain to fail So I think the financials are going to be in a little bit of trouble here as I'm looking at a peak C in the XLF holding quite well considering now, of course, it has Brkb, which is The buffets There you go, so Berkshire Hathaway that makes a big difference the RK for big B look at that That makes a pf all-time all-time high Four days ago. I mean what a monster, huh? A G-STASC and the weekly child it's in his own walk And this is another reason why I think that we're going to be watching very closely buffered stock Berkshire Hathaway Because he has he has a finger any more than a finger probably has a fist or an arm in so many of the pies That this is going to be really really important Why because if it starts over than in April if there's a plunge below 330 in Berkshire Hathaway Let's call it 320 a close below 320 That just says watch out this economy is doing terribly at this particular point is saying well in the sectors that he's in Holding not too bad. So that's that was the one I did this earlier. I did this in my show was asked about Yeah, I was asked about lithium LIT LIT is the The this is the ETF or global axlithium and battery tech fund So holding just above the Georgia period moving average made an all-time higher to peak see doji candle In the monthly chart This is one reason why if I look at enough of these stocks that have only made bees and seas and they're really important My suspicion is that in some areas we're gonna have higher highs to come But this is a really important beard dows now back down 16 has to be down 6 Today should have been a v-shaped turn around with a dollop 135 as we're going to mid-afternoon and then Closing towards the high of the day. So this is not a good sign so far We've got a peak D and lithium LIT 77.93 up 95 cents peak D at 97 13 back in November This past year plummets down the mag D is very weak in the weekly charts the castings very weak But the price is moving nicely above the 14 period moving average It's a start to repairing a lot of damage and we'll see what happens with the the daily chart So this is one that I do like we don't own it We have something in that area, but we don't own it Yeah, so at this point it's holding quite well now the next thing we're looking at is Caterpillar because of the Caterpillar heavy-duty equipment. This is also part of farming equipment, etc. It's pulling back a little bit to 220 point 92 Dotted dollar 90 Okay, so we've got a section to go and then I think I'm gonna have to leave early today So I'll be back Basil Chapman does down 11 as of these down five and we want to look at LC this is live Catholic Failing a VC struggling like that. 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That's tfnn.com then hit watch Tiger TV Back puzzle chap and sitting in for the hour Larry Pizventos hour as he's away 125.77 with a 122 round number low on the 9th of February for our H.I. Robert Haff international. This is jobs Rally sharply Well pulls back very sharply to the 106 area rallies to 122 and then what does it do? It makes this arch formation. Well, if this arch formation continues This is saying there's going to be a problem in the jobs market But it would be under 108 to 106 support closing under that level anytime in April. It's going to be a negative The monthly chart says yeah potential double head and shoulders pattern But it's holding very well within the context of the rectangle formation Monthly chart is a peak F could be an instant restart chapter wave peak D with an alternate count Attachables in the monthly chart are still really strong Not so much in the weekly and definitely in the day. You just turned with a nine period Below the 14 period moving average So this says got to be a little bit careful this Robert Haff the other one is manpower When if they're going to change the name manpower Did the H pattern at a peak D underneath the 200 period moving average in the daily this one looks much weaker and There was a third one Which I didn't think I've ever done kf y. What's kf y? This question is yeah kf y's up a little bit kf y's Cornfairy. Oh cornfairy. I've seen the name so many times. This is what they do Td and the weekly and the monthly chart pulled back and the Weekly chart is very weak. It's going to peak a peak beats at a peak C under the 200 period moving average now In the day. Yeah, this is just saying watch these man. Please these job market Eat stocks because that's really important. All right a couple of things. I wanted to do high grade copper High grade copper is holding very well Continuous contract within that rectangle made an arch formation At 4.7 2 if it pulls back under 4.6 anytime in the next week, that's going to be negative life cattle I was doing before At the 200 period moving average stalls has been there for about three weeks now it just can't get going So that just says not acting all that well coffee. We did yesterday Coffee is trading up very nicely You see when we talk about higher highs and higher lows, this is now a Very close. I'm going to put the up arrow in because it's already at a peak C and leg C I haven't had the full technical confirmation the nine hasn't crossed over the 14 But this is a peak a this is a peak oops a peak a this is a peak B And this is a leg C some modest rally, but a rally nevertheless and coffee at 229 It has to hold 222 and a half support if it's able to get but even just a little higher than the left side high of the 9th of March at 235.90 would be a target So let's see how that does the weekly chart is improving, but it's not great But the chart is still holding very well a couple of things. I want to look at just as we were about to wrap up So I'm going to be wrapping up because when the next bell rings I'm gonna have to be out of here Thank you, Polo says your check is in the mail It's a pleasure to do this because I always know when you teach you also learn that's my my expression It's something if I have the chance. I just like to be able to look at these charts In a in an objective way. I haven't looked at copper coffee before we looked at it yesterday And here it is a little bit making a new recovery high. That's important So a couple of things as we were about to wrap up the Vix index the Vix index is trading We are X X is trading at 20 point 51 It hasn't really started to move higher So is this a big negative that we haven't yet seen the volatility index even yesterday I said if the Vix starts to train the 22s watch out 550 points in the Dow down 60 something in the S&P and The Vix index still closed only at the 20 area in fact where it is now at just about So if the Vix really starts to move higher Anytime next week any day next week not in today But if it closes towards the 2280 2350 area, I Suggest to you that's where you will start to see fund managers pulling money out of the market and buying more Protection it's at the close. Oh, you can't just have inch a day and then a pullback But as it stands right now to see the Dow having such a big pullback yesterday, and it follows you down today But still with a technical veracity. I mean everything so far still looking good That says to me that the internal strength price will negate that in other words a close below 34,300 34,200 Would say oh, no, this is it's it's done for the moment Certainly in the daily and that's gonna impact the weekly chart But that monthly chart at this particular point is still holding well, and that's even for the S&P which It was a real big pullback yesterday from where it was. That was a fantastic looking candle So that changes if the S&P just on a shorter term basis by next week sees a pullback under 4482 and then you start to see the 4441 the that is the 50-period moving average So these are all all areas that you're gonna be looking at if there's gonna be a really strong failure pattern So with that said my bias now is that we still have only long positions We haven't initiated a short normally at a PD in the Dow. I start looking at some kind of Short position this time I felt with the strength there was just enough for me to say hold off Let's see how it handles the next couple of days Well, we'll see how it closes today Friday We're down 52 in the Dow and we're down nine in the S&P and it's only 1148 a.m. Eastern Time We'll see what happens. I'm gonna be wrapping it up as we are as I hear the break coming up Folks check out. Well, first of all check out my opening call my daily newsletter And if you sign up for my my service, you automatically get my webinar coming up on the 13th of April, but they're also numerous Free webinars that you'll be able to go to that I've had that are archived That's number one number two is check out the den for a dollar a year It is just the amount of information that just keeps pouring through the den is fabulous and really put stuff You know and good questions come in I've looked at most of them But just as we were about to go to the to the final break for me not the final break for the day Exxon is holding it out at peak D How many peak D's have we seen just today peak D in the day to peak D in the weekly peak a leg e in the Monthly and it's holding the 83 12 air I think as a longer term position is still holding really well Short of term, I think there's a chance that we could pull back just a little bit And then you'd have to have a look at it if you're looking to to buy it But that's Exxon mobile multinational oil company XLE. Oh question came in right now XLE Same thing holding at the higher range just consolidating huge gains Going sideways. I suspect the energy spider fund is going to be active for quite a while Even if they are sharp pullbacks. So with that said, I don't see Yeah, there it is. So folks, thank you for being here. Have a wonderful weekend. Stay tuned. You've got fabulous program We've got think a swim coming up. Then you got Steve Rhodes. You got Dave White. You got Tommy Roy What book did you ask for? Have a great weekend? See you on Monday. 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That's 877-518-9190 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN.com Question is I'm just being this is the one-minute e-mini chart We also I decided I would keep in on the little messy some of the fib numbers they're using fib numbers perfectly today They did that yesterday as well I so let me just go through Couple of questions came up. I'm gonna do this real quickly the I AI Which is the I shares broken dealer ETF which we've been long since the day after the law of March 20 20 Yeah, what we're looking at is within the context of it rallying at a hundred to a hundred sixteen twenty five Pulling back. It's making this 200-period moving average arch formation And the question is can you talk about the brokerage area and why you've always said that this is a benchmark for you to look at in the General market. I'll do that because what I've just done now Okay, what I what I wanted to do I I'm able I just got a message Larry I believe I'm not sure but I don't think Larry's able to do a show the next show and I had a whole bunch of questions And I have my webinar coming up a week from tomorrow, so I want to discuss things that I'll be doing there I want you to go through a number of the commodities. They're really important at this particular point So I'll do some I can't stay for the last segment of Larry's show. I have to go something to guy got a meeting I have to get to so as it stands right now My stance is that we are still bullish We got that low from just under thirty two thousand the Dow diamonds We are long you've added to a very long-term long position We've got a nice trading position taking a little bit soft as it got to that PD a leg D. That's what we always do Did not have any short position. They usually at that point. I start looking at the inverse I see strength. I might be totally out of my mind But I see enough strength at least to keep us buoyant for a little bit so we can make some decisions That's the way I'm looking at it right now selectivity is a watchword I'm gonna wrap it up now to the news that I'll be doing at least a Good part of our Larry show number. I can't do trade what you see. That's Larry show But I can use of that time I can discuss when Larry looks at my charts. I look at his we often see Now both