 The following is a presentation of TFNN The Tiger Technician Hour with your host Basil Chapman call now for free at 1-877-927-6648 Good morning everyone Basil Chapman on the 17th day Wednesday, April We're looking at the Dow at 94 at $37,891 all the rallies are just Unable to hold but we did make a higher high than yesterday. That's like a great leg in in the Chapman methodology Now I don't want to go through this again because I've done it quite a few times other than to say at this particular point It could change but I am calling the weekly chart a peak D Theoretically, it's only a C but you based on Chapman Chapman wave techniques that are formalized as techniques is not Form fitting or anything like that. There is a technique This is if you have almost parallel highs with a fractional difference between The left side high and the right side high to consecutive bars You can use it especially you have two in a row You can use it as a phantom peak and that says Using this particular technique the Dow has made a peak D using the futures which trades much more than the cash Index you have legitimately made a peak D and I've got a question mark above it because I have to wait It's a weekly chart. I have to wait for Friday to see if I can give it a designation of a cell signal If it if it also crosses the the green night period moving average right here Crosses negative that green goes under the black and changes to pink. That's going to be an immediate cell signal upgrade to cell mode I don't see that quite now. I see residual strength just kind of keeping the market on hold to break lower Not just yet. And if I'm looking at the S&P and I look this is the same thing S&P there's no other way. I can count this S&P is at a peak C. I there's no Phantom peak possibilities here. There's no you cannot Find something that's not there. It's just not there. And if I look at the RSP RSP, which is the 500 S&P 500 equal weight It's the same thing that actually has given me a peak F But That's too big a differential between a peak C and a peak F So I'm saying that I'm going to go to the cash, but look at this the E-mini Has gone to a legitimate Peak D Look at that top right there. Let me just give you the numbers right here. Look the week of That doji cattle the week of the 8th of March was five two five six point five Oh, the next week was five to five three point five. Oh, you can't see it But that was a slightly lower height that makes a peak That's what peaks are about and look at this daily chart in a cell mode So now I've got this the down in the cell mode daily There's to be in a cell mode daily the QQQ in a cell mode daily Look at that way below the Inside track pro actually I'm going to get rid of that because just a mess Right there. I don't need anymore. That was the inside track probe balance. Oh, now it's a repellent zone But it's so high up. I'm just getting off getting rid of I didn't get rid of it I added it get rid of it out out damn spot. Oh Wasn't that interesting on Caesar? I don't know if anybody saw an NP on public TV station the Show on Caesar. Huh power, huh? All right, so let's just do this QQQ yep following following the SMP at to QQ Q All right, see D E so this is exactly where you can add a trough E With a doji canal, there's a chance that you could ever move up now I'm going to talk about this in a moment QQQ is have a legitimate peak D and they pulling back But that 90 so far over the 14 to get a negative you'd have to see 418 And here we are at 430 down 55 cents IWM So all the dailies so far or in a cell mode is the IWM Absolutely has been a cell mode for much longer. It's up 18 cents right now at 195 21 And now I can say there's a really good chance that I'm going to get a legitimate cell signal I haven't got it yet. I have to wait for Friday. I've got to wait for the candle to close a legitimate peak E Cell signal in the weekly chart whoo and look at the monthly back in the rectangle formation not good. Let's go to the Okay SMH is SMH I'm very close to giving it the designation of us. It's already in a cell signal You see the down arrow, but I'm going to give it the cell mode signal very soon this is just to me is a a Really major sign, but yes the SMH is Look at that for three sessions. It's been picked It hasn't been pink since the one two-day moments in January and since the start back around the 6th of November Look at that beautiful Tool this is the tool that I call indicator of last result because it's the one that I wait from wait for to confirm What I have in the other using other techniques. So this semiconductors is a serious step to the downside It's in a big breather formation if it closes under 210 By Monday or Tuesday, that's just a signal to say timeout. That's what we're looking at So I I've heard a lot of people talking about the upside upside in the general market when you get the semiconductors and the IAI the iShares broker dealer and security ETF in cell modes in the daily chart You've got to watch those week is very close to it could save the day by running sharpie But at this particular point everything's that daily charts are all in cell modes I respect that as being the tide is turned The daily tide is now about to interfere with the weekly time. Remember speedboat when I was talking to Teddy Kecksteig And when I was sitting in for Tommy O'Brien He showed the morning market kickoff and Teddy was talking about the different Currencies and how the shorter term can lead the the the longer term But the longer term is really the one that with the greatest input and I'm just concerned that a lot of people are missing The fact look the VIX index is telling us that it's not a single-day spike to the upside It's telling us that it was a concerted effort from around about the 23rd of March. Let me just check the date Not on my son's birthday. Was it? No, it wasn't it was on the 21st just after Tommy's birthday Right there the lowest at twelve point four nine four Oh on the 21st For the VIX index that's twelve point four. Let me put that in there twelve point Four oh on the three twenty one is 24 and Here we are at 17 having had a huge move up to there I didn't put that in but I should have there was a two bar reversal Right there and then I've got Iran Israel and bonds. I'm putting them all together. All right. I should even include the dollar Eight nineteen point fifty six. So all I can say is On a very short-term basis the VIX got a little bit overboard But that's not that's that's an emotional response to the market if at any point You continue with his higher highs and higher lows That says please be careful because the VIX has had a concerted effort the stairs that move That's not a single spike that fails in the scene where the Chapman a Roman candle right here on the 14th of February at 17.94. This is a concerted effort money going into the VIX. I'll be right back Basil Chapman Tiger technicians hour does up 62 If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com Tfnn educating investors in the world of trading only a few names stand out like Larry Pesavento a pros pro with over 50 years of experience Larry has seen it all a former Chicago mercantile exchange member Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise Introducing Fibonacci 24-7 Larry Pesavento's daily trading service that turns the complexity of markets into opportunities published every Sunday Receive a comprehensive report packed with detailed commentary charts and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers Whether through charts or videos Larry's analysis is your roadmap to navigating the markets You can sign up now at tfnn.com for just $97 and with all tfnn newsletters backed by a 30-day money-back guarantee You have nothing to risk for all the details visit tfnn.com. You'll find Fibonacci 24-7 right under the newsletters tab the gold report as A precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations the gold report New subscribers get a 30-day money-back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at tfnn.com Tfnn has launched the Tigers in hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The Tigers stand available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com free at 1-877-927-6648 internationally at 727-873-7618 I have a question came in If I could talk about some of the screamers that are showed up on my screen. This is SCREAM for mother ERS not N So yeah, I have one Spartacus core a share special purpose acquisitions It's been there couple quite a number of times and I keep thinking I don't know what they really do Do I really want my subscribers going to something that I have not a clue about I certainly look at the technicals But sometimes you need to know something about Fundamental just about what so I've just left it alone But look at it. It's not only walking the 9-period moving average even at peak D It just pulled back momentarily for four sessions and then boop It makes a new recovery high This is a stock that was once in the in the 15s plummets down to under two and now is trading at 6.21 and it's made a new recovery high and look at the weekly chart This is a single leg a either a G or an A to the upside being tough, but it's holding so well Next one I have is out Lila L I L a And some of these have notations on because I follow them for ages. This one's holding well This is the one I didn't know anything about This is Liberty Latin America. Okay, maybe it's insurance or something like they're trading a 730 90s The stocks under 10 just hugging that 200-period moving average I just leave it as a CG a you that looks a you means and it must be a goal something or other CG a you is Centera goal Very nice move. Look, I put a peak B over there. It held the 200-period moving average and then it went CD EF and now it's consolidating and look at the weekly chart made a new low. So this is all leg Wow, is that a penny difference? No 2727 so that's a B leg B in the weekly chart looking really good really strong That's C G a you and a M BP a M BP See what we got there Yeah, that's just kind of sideways action. I wouldn't be bothering about that. That's a metal stock. I Can't make out the name our dog Metal something Wow It's there and it's just kind of sideways, right? So I just wanted to show you that Yeah, so that I said these change all the time the other day. I had 18 or 20 They showed up mid cap 2000s and I said, oh, that must be a top of sorts and they weren't all They were a lot of gold a lot of gold stocks and usually think you think oh, that's the end of the run No, no, no, but gold is in play because of other things gold is in play because it's really important as a geopolitical It's a your insurance. It's like an insurance policy to have gold More fact that into the food levels Okay, and now it's another oh a question came in about Tesla T. S. L. A Where would where would you start to at least think of putting in some kind of an entry point No, I think that's that was a question. Yeah So I'm just saying to you I would be careful right now the whole EV sector The whole automobile is to see what Ford's doing. Look at those Ford's really struggling You have beautiful move up to peak D in the Chapman wave That's where other things can happen and certainly did goes to the 1390s and now it's down at 1217 GM and These are the traditional companies But what did beautifully and I'm always surprised at the independence of this is to go to motors and a spectacular leg D in the monthly chart ran all the way to the 250s from the 195 area just two and a half months ago Now it's consolidating to peak D in the weekly chart TM is a symbol trading at 234 point zero zero minus 2.52 It's in this consolidation phase So the answer is that Tesla if you if you're going to have a position in Tesla Rather than having these arch formations that keep failing I have the one-to-one that worked beautifully before it worked three times in the weekly chart It's just looking at the top and a bottom and they're making it a thick blue line And then say parallel matching it to the previous and then using it using you this has a much lower Downside move and the weekly chart is even lower than that. It's talking about the the 90s I don't want to go that way. I'm just saying to you I can see Tesla at 154 The whole 151 to 147 area to me That's just an area that I'd be looking at and there's the reason being That I only only because I remember from this whole period back in November December of 2020 where it was at with the lowest 130 77 the high was actually 202 point 60 and then it had an inside bar of 155 126 And then a breakout to the upside and now what I'm looking at is that little cluster of two three months? Is probably the cluster that's gonna have to hold because if it doesn't you're going all the way back to you But Tesla's going all the way down to the one oh one point 81 low of January was a December January of 2012 this year of last year, so let's go one step at a time I The gap down and today not even Bay breaking to a higher high than yesterday's a gap down bar If it takes out today's yesterday's low of 150 3.75 Then that whole 140 is is going to be a game. I just be real careful I think it's a company that you need to keep on your radar Because of what they do. There's a good chance that they have a very secure expanding residual as Microsoft and many of the huge companies did when they went into a Subscription format So test is I'd probably and have something like that with all their EV stations And that to me is really important all the other things that they tend to do every once in a while They come up with something really innovative, so I think it's a as Apple did the same thing was an absolute innovator innovator and then for Couple of years now, especially the last year. They've been very much less of innovators I still think the Apple products design wise are just fabulous. Just look at them and they look beautiful I don't have many don't have any But my wife has so I look at them and I really like the look, but I'm just saying to you that Apple became a dividend type company I don't know if I can put that into the category for Tesla But it's that format that's going to change and then the whole thing that Tesla still has a chance to innovate if they can ever produce a much less expensive Family car or family vehicle. Let's say I think that's going to be a big deal for them. Most importantly I think they're now more and more people are saying and if I have a choice with with Elon Musk's mouth I Draw the notch Another not have a Tesla. I think that's kind of an attitude, but they are fabulous cars There's no question about and certainly very speedy. Okay. Now. Let's do this. We've got oh So that's the area that I've been looking at and I would do it only step by step I'd start a position and I'd actually have the patience to wait for higher highs and higher loads for the technicals to confirm I'd even wait for the weekly chart to give me a signal because The vulnerability to the downside with Tesla has been quite immense Right, so now we've got a nice move up in the reversal of the e-mini up 10 Let's see. I'll do a little work on this and tell you why I see resistance, etc I'll be right back puzzle chapter like the admissions hour and there are a couple of Dow stocks that are actually being very nicely today I'll be back in a moment If you spend any time online researching trading techniques on how to begin your trading journey You've no doubt come across many folks who push forex trading as a way to make big money quickly Unfortunately, there are equally as many stories of these so-called forex professionals Just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market This is what sets Teddy Keck stacks the Tiger Forex report off the riffraff Every Monday former Chicago mercantile exchange member and author Teddy Keck stat releases his Tiger Forex report newsletter Where he dives into the complex world of Forex and takes time to actually teach you his methods that have made him so Successful in the fast-paced and rewarding world of Forex trading Furthermore, all subscribers receive access to archived live streams of teddies where he provides university level education to help you in Forex trading All first-time subscribers receive a 30-day money back guarantee. 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One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive And over that time he has honed his methodology in order to accurately call movements in a wide range of equities From semiconductors to uranium to key indices and so much more Basil is old-school taking the time to educate the trader while also giving his insights into key indices Selective stocks and more opening call subscribers also receive access to dozens of educational live streams That can be accessed at any time for your edification All first-time subscribers receive a 30-day money back guarantee So ignore the pop trading influencers and start learning time-tested technical analysis Are you ready to take charge of your financial future? 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Yeah, I said that the 5107 is the 200 period exponential moving average 200-period moving average has been both support and resistance. That's the thing to break but more importantly You've got the 5101 pink 9-period moving average in the five-minute chart and you've got the 5104 black 14-period moving average and you've got the 200 periods of this whole conglomeration between 5103 and 5105 a lot of resistance. That's what it has to break out to even think of Piercing that whole 5107 level. So this is really tough. Okay, a couple of things a DK and G Questions, what are the support levels of DK and G DK and G's? Draft kings trading. Yeah, this is not acting all that well. Not bad. He would not all that well at 44 39 Most importantly what we're looking at is that it's gone pink the nine-period moving average has gone below The 14 so now you're looking at it has to try to overcome that by trying to get to the 46s So where's support? I would just say make it as simple as possible The close below means that making lower lows and lower highs if it closes below the 43 33 lower the 15 15th was three sessions ago and If it closes under that then you've got to think of that whole area of 42 is going to be tested at this particular point It's holding well, but it has made a peak yet 49 57 Roundabout the 25th of March and that's a peak D in the Weekly chart and it's a lake e but a chance of an instant restart is a possibility because this is a Stuck that goes in and out of favor. That's draftings and I forget to tell you what it is is draftings small spitting Trading yet as I say 44 41. We are long. We've been long for a little while And I'm looking at it as more if it's possible as an intermediate term play I Just don't know yet for the the stop will hold We're in lower down, but you never know with this type of thing. So okay with that said next question came in Where did it go? I wrote them down I did test that Oh Home Depot Home Depot is there an upside potential on Home Depot, and I'd say Excuse me. It's gone under the 200 period moving average HD trading at 334.05 down 78 cents 396.87 was the most recent high for 2061 was in December 2021 high and I promise down to the 260s and then ready strongly up to the 396 87 level Hmm. It's a peak D in the week, you know, it's a cell mode in the daily and it's It's a cell signal in the weekly chart. I'm absolutely sure That if it doesn't close above 346 by Friday afternoon at 2 or 4 p.m. I'm gonna be making this a cell Signal I have to put a down arrow in the weekly chart even though it's still only a cell signal The pink 9 p.m. Moving average is not there still green I have probably have to wait for that and the monthly chart has got a peak scene. It's pulling back sharpie Yeah, you got to be careful and if you look at so The combination question is what about toll you had mentioned you might go short toll I should have right there as I as I was talking about I should have just done it One of the reasons why is that we were concentrating on both longs and shorts at this particular time And I just kind of lost my just didn't I was thinking of even a push option I just couldn't spread myself too thin and at this particular point Total training 113 42 down 92 cents looks very much like if it doesn't hold 110 support It's going to take quite a dive for right now. It's one step at a time cell mode in the daily Not yet a cell signal, but it did make a peak D. Hi at that 1363 level in the weekly chart and a link E and this is an instant restart in the monthly chart Oh, this is something to make a note of bulls is the one that I spoke of over and over and over That's that's called bulls is first source ink building materials manufactured manufacturing on components It went from 214 70 with a round number low on I've got to put the date in that was March round about the 21st. I think March. Yeah, the 21st and Here it is at 180 tell me that round number business doesn't work. So, you know talking about round numbers We are long a particular stock that did have around a couple of round numbers And so far it's nicely over the round up. So round numbers can also work At lows, but there you got to look at the major tide Whatever the major tide is the tide is going to drag that particular issue down at some point I could I look at Oscar OSCR. Why is that so familiar to me? OSCR is if I can read it Oscar health ink training at 1564 Oh, I know why because it was in the single digits last year And now it's gone from the low in the fourth peak a Bcd in the weekly chart came back Let me talk about this. You see this nine-period moving average how strong it is And you see the black 14-period moving average underneath it, and you see that the price one two three four five six Even today went underneath the nine-period moving average So for seven weeks in a row and yet the price is moving up is down today down six cents at 1562 That's usually a positive. It says that You couldn't drag the price low enough to get that green nine-period moving average to go Pink by going under the black 40-period moving average. So I like this. So what's the question? Can I look at it? Yes, I'm looking at it. Ah, but do you want me to say something about it? Yeah, I'm sure you do So that's 14.07 was the low on the 22nd of March 14-20 1335 so 1335 is Above that. So that's your starting point Chapman methodology. Let's get one there and let's get one there And you've got a B C it's in leg D Doing very nicely Yeah, so let me just do this real quickly a B another a But this is not a B. This is a Interesting is that an overlapping wave that's very positive 1315 1320, yep, that's a B and a C. Okay. So here we go. So this is a C right here It's in leg D. I like it. So I don't know if you're in it You didn't tell me if you're in it, but I'm just going to say to you that it's acting really well Especially in this environment So very much like the stock that we have for subscribers of opening call was acting well from last Wednesday Thursday as the market was tanking. So that's the reason why we've gone in I don't know how high it'll go but it's holding very well right now. This is the same thing So I like it at 1559. This is what I'm going to suggest. No, I'm gonna suggest I got a break coming up I don't want to talk through the break but OSCR is looking quite positive. I'll be back Gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee. 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What I'm looking at here is So the question is looking for an entry So I would look at this look at this daily chart. You see this cup formation Now I one of the things that I've spent a lot of time on over the years because these these patterns are very frequent But you get a cup formation and then it makes a sudden spike spike up pulls back But that creates its own second cup. I tend to go to the first cup not the outside cup. That's my first level for the Cup formation so that the quarrel that's the first Quarter of a semicircle on the left here and then the right side Says that that that's really the first level that I'd look at is this level right here Which is the high of the 13th of March at 15? sort of 13 or 15 1542 that was taken out yesterday. So you want an entry. So I'm going to suggest since I know that you you have a question that has Two operating methodologies. One is where you're prepared to have a longer term outlook if you feel that it has upside potential and the other is that in the short term You are prepared to step in in Kind of a split position. So I'm going to say to you right here at 18 at 16 Just under 16s at 1564. I'd nibble And knowing that I really want a price, but you might not go there But I want the price of the 15 20 to 15 15 area. That's my first real entry So this is just kind of step step in 15 65 One of the reasons is the weekly charts really improving a lot In price with the 9 and 14 and 200 period moving average make these still weak and the stochastic is still weak as well It was the unbalanced volume. So either there's much much more upside potential because they they still have to get overboard or There's a divergence here. That's that's why I'm saying step in just a little nibble at 15 65 But really what you want is to get in the 9 period moving areas at 1498 I don't know if I would wait that long. I'd say if in the next two days it goes to 16 No 15 25 That's where you're first That's where I start my first split entry what you got now at 15 1564 it's just like it so I get a better feel for the stock and Then but the real first entry and it'll be a split entry would be in the 15 25 area, but let's have a look at it together. Give me a yell But that's really where you want to start your position. Why? Because it's going to take a lot more weakness for the 9 period moving average to go negative for the MACD to net go negative It's still good. So castings finally at 83 percent and flat. That's good on balance volume is a bit weak So that's what I'm saying step in here a Little bit just a kind of a feeler, but the real entry will be split entry with the first real entry being in the 14 25 Did I say 14? Keep missing these numbers here. Sorry 15 15. I'd say 15 30 to 15 20 area Okay, you could do that in a split second because it's a low-price stock But you can see how the week is starting to improve and the monthly chart has gone from a peak a Pullback months later it goes to a leg B pullback. It could be ready for the next move up We'll see. Okay. So I hope that helped you next question. That's I've got Let me just move this over here I've got it. There it is Can you please look at Amazon not in but curious as to the short term direction? So Amazon made it a high this is good this AMZ and Made not made the all-time high was at 188.65 back in July of 21 plummets down to 81 That's over a hundred points down But then it comes back in its only leg C and the other day just momentarily made an all-time high at 189 round about 189 34 training right now at 183 I'm going to suggest This is very tough why look at a weekly chart Every red candle has been met the very next week with a big strong green candle But you've got a doji candle at the high you've taken out the left side low You haven't closed under it of last week the magnies just about to turn down This the castics fabulous at 94 but also ready to turn down. It hasn't I'm balance volume in the week He's very good This is very tough. And that's the reason why I'm saying I just see like a 4 to 8 percent Correction unfolding here in the market. I don't see a major turn down and Amazon's saying oh, what are you talking about? I'm holding beauty. It's had a couple of round numbers They said 183 81 right now it had an 83 and 184 and 180 and it's holding very well Wow So Steve I'm going to say this I Like it very much. I have a stock that I I don't have it I've been looking at it for ages and ages. I wonder if it's going to tell me what I need to know Here it is It's in my screen on this that I've had for quite a while And I put down VTE X. Let's see where that is right now The VTE X Yeah, it's pulling back sharp the V-tex helps facilitate product sales on Amazon eBay Alibaba. I'll Know it's pulling back Hmm. All right. This is what I'm going to say You're looking for an entry in Amazon. If you're looking for an entry in Amazon I don't get the sense from the question that this is just a short-term trade You're looking for a real entrance in Amazon So I Let's see Okay, so I'm going to suggest At 183.98 Gosh It's acting so well I do see that the right side is starting to make low lows and lower highs and it hasn't done that for a while I did that back in March Before it took off to the upside I think the taking off to the upside is kind of done for now. This is my thinking could be completely wrong and the digest and Digestive phase and I'm going to put in a big rectangle right here. Okay. That makes it much clearer for me All right. So why did we do this? I You haven't given me any sense of long-term short-term if you want to position yourself for anything like that Well, what I'm going to say It's acting extremely well I think the upside is limited meaning that it could rally but it's getting as my eyes sees it I think it's gonna start making low highs and low lows just for a moment. Just a moment could be a week It could be two weeks weeks. I don't know so an ideal situation would be to see a drop into the 181 180 level With the 9-period moving average starting to go pink But if it holds well, it means that Amazon could hold very nice here. This is really tough because the easy thing for me to say is Start your position right here at 183 87, but that's the same as we were talking about with Oscar Just nibble on this. I don't know if that's really what you want to do I've never not seen you do that before Duncan speak Let me think about I just want to give you a plan because the ideal situation is In the 181 area, but if it goes to 179 it could actually start then to go quite quite a bit deeper I have to think this through because I want to give you a stop as well. I'll be back Tigers we have some exciting news Live trading Fridays are here join Larry Pesevento every second and fourth Friday of the month 9 a.m.. 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That's TFNN.com and hit watch Tiger TV Hi folks as we get to this final segment I'm just saying I've been saying this for about a week be careful out there So the Amazon I'm just saying I would not touch Amazon right now I was gonna say little but I didn't even see it. I think that we're in a consolidation phase I've got a cell signal a cell mode in the Dow. We are short the Dow I'm looking at this even the stock that we bought Just was it yesterday day before That did a beautiful test and is trying to rally did rally very well, but it's being dragged It's showing strength and yet still being dragged by the market So just be please be careful. Oh, I never even got to this. Look. Here's the XLF. This is the XLF is the S&P select financial spider fund 42 22 was the all-time high Just the end of March In January of 2022 it went to 41 70 down to 29 50 came back and so many of these in stocks and Sectors have gone right back to previous highs within pennies This is within 17 22 this is within 52 cents of the previous high made a new high I think this has got a cell mode in it and look. Here's the KRE. We were in it just briefly because I gave it a chance. This is the regionals. They're not doing well They made a lower low than the left side low Of earlier this year in an arch formation 45 67 yesterday went down to 45 30 45 46 This is not good news. So just please be careful You're looking for buys have a little bit of patience and then I would use them as stepping stones I'd probably have a three I'd have a nibble of what you like and then I'd have a sprit long position with lower At lower point and a lower point. That's the way I'd be thinking right now I just think the upside's limited. I've got the signals that have been Wonderful tools. You can even see it here. Look in the 120 minute in the 10 minute chart of the e-mini Look at this. Look for 10 minute went negative went pink at the 200 prem moving average at the 51 10 level and here we are 50 80 Uh, look at that 90 moving average. What a nice indicator. Have a wonderful day. Thank you for Steve Rose and all the great