 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, Hazel Chapman, Tiger Technicians Hour and we are looking on this last day of November at the market having sold up very sharply early on. Now the give back of yesterday's day first of all the down acted very poorly yesterday. I mean look at this big red candle of Friday has an inside day yesterday struggling today makes a lower low. Now is this going to be the start of some kind of a buy signal in the down because after all we've gone from the 8th of November at the 36,565 all-time high to the low today of 34,744 uh-huh that's that's quite a pull back but at the same time the technicals are deteriorating in the weekly chart and that's just suggesting you could have a rally but there's a lot going on in the mix of the down that says very mixed market in the down upside is going to be limited and maybe the downside will start to be limited very soon we'll see very very shortly. I'd say by tomorrow afternoon where a close is going to be important Thursday of December you're looking at the S&P doing a little bit better because the S&P now down's down 10 earlier on uh the low was 46,18 but the futures were much lower look at this if I go through the continuous contract of the futures look at that it almost tested it broke yesterday's low and it almost tested Friday's low so look at a pretty darn good comeback however look at that nine-speed moving average it's just barely green pay it is green it's just barely above the 14-speed moving average the mankeys very weak stochastic sterile by 36 percent on balance of volume it's really holding very well relative strength is holding okay to the middle of the range at about 51 percent on the dating look at the weekly it got repelled from the chaplain inside track the zone that I call that's the the resistance level the price is consistently look at this I mean it's well over a dozen times since uh june that this trend line has held and been the repellent area gone all the way back to the lower part of the channel so I suspect that this weekly chart is going to be very important coming up on Friday Friday's close why because if there's a close near the high near the let me just go back now for the moment near the cash index S&P higher 47 43.83 and we're at 47 46 42 we're 100 points lower if there is a close somewhere in the 46 78 maybe 46 80 area by Friday afternoon I would suggest to you that we could have a sideways consolidation so that finally we do get some kind of weakness in the candle of December maybe even a red candle because it doesn't make a new high of 47 43.84 which is going to be needed to continue the leg B that's started way back from about August of last year you've only had one peak can you believe it from the love 21 91.86 March of 2020 that's March the 23rd and this is quite incredible and the way it's acting right now everything about this is to me we're in a consolidation phase yes it's rotational and yes they wanted to indexes and acting pretty darn well like the QQQ like the estimation semiconductor index but at the same time I have to tell you everything about what I'm looking at suggests that some form of consolidation it has begun it's unfolding as we speak it has been unfolding for a couple of weeks now and the only thing that could stop it would be a really powerful spike that takes the down the IWM the Russell 2000 sharply higher because that means that the others the successful indexes can take a bit of a breather while the laggards start to play catch up this rotational type correction that we've seen for years since the 2009 low March actually where we went along the very day of the March low of the 9th in 2000 and no the 6th in the Dow to 2009 of March that was Friday Monday was the low in the S&P the 9th and we held that for about 18 months so we've still got the long from this past low of March the 23rd of 2020 take a little bit off we've held the core position we traded in and out with longs and shorts but that's why I want to keep that on it's just going back to that 18,000 level for a very long time actually it was 21,000 just under 21,000 we got in so that's the S&P let's go to the QQQ and the X100 trading at 400.48 up 85 cents now let me just get rid of this here because we are actually still short and still in the money but this is going to be very important why because actually now it's time to talk I haven't done this for a few days haven't needed to but in the Chapoe methodology there are three patterns that we look at all the time for every single chart one is is there a straight line up or down number two is there a cup formation could be a V-shaped formation or whatever it is you gain from one point down back to that point and how you get back to that point and take it take out that left side high is really important or there's an arch or an inverted V where you gain from one point up and then down again now there are times where there's a sharp pullback and then I count the peaks if there's a peak A or a peak B and then there's a sharp pullback if it takes out this left side low that's usually pretty ugly that's why it's red dreaded H pattern looks like an H and the reverse Y is if you take out that left side high you can go much higher so with that in mind what do we have and in the Chapoe methodology we're always looking for peak D's from peak D the objective is to go from a buy signal to a buy mode to four higher peaks it can go higher but it's a peak D that other things can happen and look at this this is the sharpest pullback we've had since the love of October the 4th and 354.38 in the QQQ's in the X100 trading vehicle and when it still has gone to 400.99 left side high peak C pulls back goes to right side high with much weaker technicals but it does go higher to 48.71 on the 22nd of November I've made a big deal drink of water excuse me about left side right side time price whatever it is what you're looking at is if there's a discrepancy in the technicals that's all very well but the most important technical that I look at is where is the nine above the 49 period moving average above the 14 if so until it crosses negative that can hold prices much longer than your patients and can hold it a lot longer than you ever dreamed so in this particular instance the QQQ even though I've got a down arrow meaning you've got a self signal they can change usually if the nine period moving average holds above the 14 you've got to wait out a little period to see whether or not it is strong enough to get the price moving to a new higher or whether that's going to be the failure pattern if it's a failure pattern from tomorrow there's a lower high then whatever the high is today that could make a peak air a great peak air because it's under the previous teeth if it goes back sharply and the QQQs start to trade in the 395 area by Thursday up you could be seeing the top right here in the h path 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 found a TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors what's separating you from the most successful men and women on Wall Street that's right information having all the information gives us the perspective we need to place the right trades at the right time the TAS profile scanner is the premier market profile based scanner powered by its acclaimed TAS proprietary algorithms this feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen for a limited time you can save $100 off your first month by using the promo code upgrade and you still get a 30 day money back guarantee so you have nothing to risk level the playing field with the TAS profile scanner which you can find under the services tab at TFNN.com sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors call now toll free at 1-877-927-6648 internationally at seven two seven eight seven three seven six one eight my books were back buzzerchappen so I mentioned in the dent and I showed it as well the comp index which is the over 2000 NASDAQ stocks is trading up 19 and 15803 and the statement was I noticed the full NASDAQ acting much weaker than the QQQ that's the composite index yeah in a way you're right there's definitely a slight difference I've got this is a peak E all-time high right there I was at the 22nd I believe it was the 22nd at 16202.23 trading right now at 15798 after getting close to the 50 period moving average at 15456 three days ago yes that's what I'm looking at as well and I suspect now this is a way that I've seen charters do this I used to do it and I found that it was it was it's a nice visual but it doesn't it doesn't really tell you all that much let me just draw this in you see this rectangle formation here nice parallel chart look at that beautiful it's like a little rectangle but it's sloping at exactly the same degree degree from the top to the to the bottom and that says there's your containment area and this makes it really easy to say there could be a head and shoulders even but most importantly the resistance is going to be at 15,950 let's call it just 16,000 so that makes it very simple to to monitor and yet again this is a gray leg A because under the previous A the technicals are all very weak yes the nine period it's just barely above the 14 period moving average but it is positive and that can hold for quite a while so ups it didn't mean gray I'm a green I mean gray there we go gray there it is so that just says yes let's watch this let's go back to the QQQ you can see the two together don't type it on the chart type it right there one two three so let me just state I'm someone else could could you just give us your big picture I don't know if it'll be a big picture but it'll be a picture nevertheless um have a look you see this pattern right here that's a little bit different because look what you've got you've got a rising low series of lows and if I try to join where we are right now 400.99 it actually comes out slightly higher so yes I agree 100% that's what I was looking at as well the last couple of days that the QQQ is attached stronger than the composite index the Q dollar C O M P X that's the way I get it so with that said let's just go on I want you to show you something about the IWM IWM the Russell 2000 the small caps at 220.53 down 2.17 you know that 200 period moving average of 218.92 looks like it's a magnet you're going to have to use it as a springboard to move higher and that has to happen really quickly number one number two is remember what I said about the rectangle formation a rectangle formation can last a narrow rectangle formation can last a lot longer than your patience in this case from the May uh March highs of 20 234.53 two weeks later it's down to 207.71 uh and what we've done is we've just gone sideways gone sideways all the way to about five weeks ago we were popped up and I said the rule of for for me in the rectangle formation is it is so powerful and attractive or it's like a magnet that no matter how what happens illicit closes decisively above it which means it could go to a propeller shaft one to one to the upside I suspect that the IWM is coming right back into the middle of the range well lo and behold there it is a 220 in the weekly chart very weak action so far let's just look at I want to get to oh five-minute chart yep five-minute chart right here first of all the one-minute chart went to peak f right there and that was at about 10.07 10.08 and 46 43.00 number double tops pulls back and now we're 46.27 you know this end of month buying I suspect that we've pinpointed uh pretty much an important turn we did that we did that with crude oil for subscribers of opening call uh within two points of the exact high we did that within 40 points of the Dow's exact high we've done that with the various indices we've not done it correctly yet with the estimators so far we've done it correctly with the QQQ the day is young we'll see but all I can say is that each one the remember bottoms are made in unison tops are made sequentially and I think that's what we're kind of looking at now people interpret what I'm saying is oh my god crash I've not once mentioned the crash I've known I've heard other people talk about a crash I have no clue as to whether there's going to be a crash I don't think there's going to be a crash because of other things but I do believe there's a rotational correction unfolding I think that's the most important reason why we've got we keep trying to raise cash and even though we've had over the last week we've had stocks uh indices at all-time highs I don't care we're whittling away we're trying to both have a really good cash position for the next big slide I don't think the thousand point slide on Friday was it I think it might be the internal low I suspect there should still be a residual low you know I've talked about that for decades about the internal and residual uh lows uh sometimes you get it in unison so you don't even come back to the residual the residual low doesn't even come back close other times you get a march low like in 2002 and then 2003 you get uh sorry a September low and then a march low six months later that some indices don't go back to the to the September low and others make a new low in March and then everything comes in sync they rotate so all I can say is I'm looking at this as a rotational correction there's your five-minute charge you add a peak D it went right you look at those rising look what a beautiful technique this is traveling inside track repellent zone you get hit once twice three times four times just missed the fifth time at a peak D BAM right on peak E pulls back what happens the closer you get to a 200 period moving average is pink line the greater the chances are you're going to touch it if you break above it and hold for a little while you can make a one-to-one to the upside like a propeller shaft like a barbecue spit you've got you've got both sides of the spit spilling around and what do we do we went from this low just underneath right on the trend line which I've just drawn now you went just underneath the nine-period moving average and 40-period moving average support and you went peak ABC and breaks above it goes to D for a brief while and now it comes down yet the nine-period moving average is still above the 40 period in the five-minute chart so there's still some internal strength so with that said now let's get back to our story here I haven't even finished looking at all the different indices so we've got the IWM week we've got the TLT there's going to be important the TLT bonds huge move up 2.10 and 151.44 you remember I've been talking about for a week now I've been saying the XLF is going to be vulnerable it made a higher 40.86 on October the 26th and it's in a rectangle formation a declining channel and it's broken below that that's usually a negative it's gone to your leg E it might even a recycle and that goes I mean for those of you have asked yes Bank of America we've still got that long huh we've got that from the 31 area you've taken little bits off on the way up it hit 48.69 and now it's at 44 10 percent correction this is because yields going higher is what the banks kind of favor yields going lower is not and that helps the that helps the whole financial sector pay back a little bit and it seems the yields go higher as well because the lower S bonds are running I'll be back in 1997 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 predator in the trading markets and join the Tigers then trading room only at tfnn.com the Tigers then is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the Dan and surround yourself with the sharpest minds in the trading world subscribers to the Tigers then 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 then 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 td 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 td 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'ryan and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including guardleafs 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com my books move back browser traffic tagging admissions hour your questions come in i'll get to the minimum a 24.40 up a dollar 44 on the volatility index now i think that the volatility index that spike that we saw just under 29 the other day i suspect that was that under 29 right on 29 uh 28.99 i'd say that's under 29 and right on 29 that's something to watch because at this point the Dow keeps they're just little buying spurts that keep coming in but if the Dow is still going to remain weak now it's only down at 223 it's coming back nice the S&P's down 15 we will see if there's a rotational aspect to this because this was last week a peak a leg d in the weekly chart it'll be a peak d if there's no new high this week above that 28.99 level most importantly if it keeps holding in the 24s instead of slipping down to 23.60 or lower that says that fund managers are buying insurance they don't like what's going on and they're buying insurance that's just making it as simple as possible and even more simple than that it's just this watch this closely because if after 130 today uh the Dow is is only down uh it's not on 202 but let's just say it's holding and it's really turning the uh it's at 34,935 if it hits 30 for 35,000 at all today just even once I would suggest that that is actually quite good action and that we might see a close that's a lot better than where we are at this particular point but if there's a between three o'clock and three twenty if there's a sudden selling spree and the Dow goes back to a minus 290 or minus 330 I'm doing about the Dow right now that's going to that's really going to affect the weekly chart even a rally would but in this particular point that would be terrible and if the S&P now I just want to talk about the monthly in the monthly chart you've got a leg E in the let me just open this up so you can see it nicely you see this inside track repellent zone it's worked beautifully it went right to the line the red line in the monthly chart this is the monthly on the right and uh the MACDs goods the castings are really good 91% on balance funding was good you don't have uh you don't have uh anything to do with actual volume itself here because it doesn't trade the diamonds trade the known trades the the uh index itself and what we're looking at is this red candle for the last day of November is suggesting that if in all of December there is no new high about 36,565 that was the high that was made on the on the 8th of November if there is no new high then first of all we have established a peak E that there there is now a chance that I could call this an alternate count E slash A why because there hasn't been a push below it doesn't have to be a close but if a close at any point in the next between now and December the 31st there is any touch of 33,843.91 that's a penny below the low that was made back at the other was at the end of September that was yeah that was a September low that would negate the chance of a chapwave inside right there chapwave that was instant restart and suggest that that is a peak E and now we've got to expect a longer timeframe probably in the pullback now we're going to go to the s and p look at this s and p leg b look at this candle it's just a tiny doji candle at this particular point we've seen these before and they meant absolutely nothing look at this doji pathetic candle in May with a high of 42 38.04 and a low of 405 6.88 and then bomb it closes a higher than that the next month and it just continues the floating letter of leg b leg b leg b leg b leg b leg b leg b and we're still in leg b so it has to be a lower high of 47 43.83 if we do not touch 47 43.83 all of December that makes it a peak b finally and all it has to do is it doesn't have to touch it but you know what it could have another small time in the candle maybe makes it a little lower low than it did what three days ago 45.85 but the all it has to do is make a peak and finally we get that peak b and you can see buying intensity just keeps coming in here and we're watching this very closely because I want to see whether or not there's going to be some kind of a rotational aspect to any correction I think the down is kind of overboard I wouldn't be surprised if it's ready for at least a decent attempt ready attempt and if it does that maybe we actually see the qqq have less of an upside action and more sudden sharp moves to the downside just consolidating we'll see all right with that said that's the sb the qqq as an alternative count tcc that wasn't potential look there it is that's the instant restart that could happen here in the gow wow if that happens that'll be miraculous but we'll see what happens nacky's good in the weekly chart stochastic said 87 percent on balance model volumetric a double top m shaped pattern and so far there's all kind of good nines way above the 14 prices way above the nine the monthly chart is still fabulous but there is a channel line and that channel line says we just went outside of resistance now we're on it let's just watch what says schumer says house may pass stop gap government spending tomorrow thank you do that I appreciate that they're trying to save the market you know I at this particular point I don't think they need to say you know saving the market would be if we were down really sharply and they keep shoving money and we're at all the time highs in some of the areas here or very close to all-time highs so it's just what I would say is it's business as usual that's really what's going on it'll be businesses unusual if there is a sudden qqq nbx 100 sharp decline and that decline takes the takes everything down pretty pretty heavily and then you're going to see what does it do and and rates are not pushing lower but pushing higher so this is the meantime I like the sentiment but I'm not sure it's exactly what we have to worry about um all right let's go on I want you to show you the dollar sharp move down made a pd with a silent doji candle the next day 1964 and now we're looking at the dollar consolidating dollar uh weekly chart doji candle so far long-legged one but I suggest to you that that's going to help gold a little bit uh gold is now uh up eight at 1794 so it keeps saying you can test this as many times as you want this chap with inside track support level but if gold starts to break down again you're going to get two similarities you're going to get remember there was a period just for just a couple of like like two weeks where gold and the dollar go sharply in the same direction it happens very rarely in the market just a couple of times a year most of the time they're going to counterpoint or they're not really overly interesting look at this gold has given back huge gains it's only up 10 now it's up 20 something right another way to 1811 it's now 1795 it's really struggling I'll be back there's a lot to talk about 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that ships today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade lab u or lab d directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv first we're back and we're going to go straight to uh shawky over in massachusetts hi how are you hi bato how are you i'm good thank you good so i just i i i was kind of looking at this this bkkt after it uh corrected i did trade it a little bit um you know down in the air 25 and up to you know 45 or so right but i was wondering i wonder if this is like a creeper up like a rqq and i i i know that the technicals aren't really there but i don't know if this thing is going to be like one of these creepers and creep up like you know a rqq did so i just wanted your you know for a trade or you know what you think about it so folks we're looking at ba kt holdings i believe it's a crypto platform it was an ipo about a year or so ago back in the $10 range it actually dropped at 1.29 level and then had a little bit of a rally all the way to 50.80 uh bank on the 1st of november so i first of all i want to congratulate you on trading this and doing it well but i'm also going to say you be careful not to lock your eyes on this and say oh yeah this is the one and you keep it because you could whittle away that gain by just look at this it's made lower lows and lower highs ever since it made that high and it's showing absolutely no signs technically other than a little pop-up today that says there's a sign of strength i would put it in the category of weight a little bit the 200 p.m. moving averages at 16.41 right now up a dollar and but the rdkk t is a symbol uh if you look at it you'll see that it's even giving back some of the gains today give it a little more time you know i you know that in my news there i i focus on when i type that in the wrong place let me type it yeah i focus a lot on the cryptos because we've had it from the 12 000 uh 12 400 level in the if it was the bitcoin futures but actually it was a gbtc the fund from 12 and 40 cents both short and long term we've had fantastic gains and now it's getting a little tough and the reason why i've had trouble with the gbtc is because it doesn't trade overnight i don't want my subscribers to have like a huge this thing can move three four thousand points i don't want you to have it one buying one day and overnight it just just gaps down huge and you've got it you have no choice but to get out to stop his hand so i'm just going to say i would i'd avoid that i think bitcoin right now is in a co i've seen been saying that for three weeks that it's making a high and that bitcoin is going to be uh making lower highs and lower lows for a while and then it'll try to stabilize and as it's doing that i think that gold is going to have more fluctuation but still not a really big move to the upside just to consign raise consolidation i'm putting the two together is trading vehicles if you're looking at ethe which is ethereum slightly different chart is much stronger is much better and yet your uh b what is b k k t is not participating it is it seems more oriented towards bitcoin i'm not sure i'm just saying the chart looks like it is so i'd be very selective if anything if you ask trading use the ethereum which is at forty six fifty seven up three dollars today making a confirmation trying to it may be double top and then it'll pull back but keep your eye on something else in the area that's moving much better and that says forty seven forty is the left side high in ethe and that was the high of the tenth of november and yet it is with the high data forty six eighty five is getting close the pattern that we were just looking at when i was showing that earlier on this is the reverse white pattern green why because it should test the left side high but it's really close so i'm just going to say to you don't be absolutely sure that you're looking at the right thing and the right time frame to trade your b k k t because i don't want to see you give back those beautiful gains that you made and it's real easy to do because it moves these things move so quickly so rather if you're in the area stick to the one that's got the best chart formation and i have to thank g seven and the den for i was going to mention it and then i completely forgot and he brought it up again ethe has a better chart formation and that's all i can say is just stick with what gives you the best look when something is making lower lows in and day out it means when it actually makes a turn it's going to be a very today should have been if it was holding near the sixteen ninety level seventeen fifty four was the high of the lowest fifteen twenty two two just over two points in this fifteen dollar stock you want to hold if it holds near the high it's it maybe the next day to gap up but i would just say to you if you are going to trade it traded much lighter so that you have maybe tiny little losses why because when this actually turns and i suspect just on a visual basis today's tuesday it'll be probably early next week that it has a pretty decent pop-up i was still treated only as a pop-up at this particular level but tradeable yes so use your hundred and twenty minutes or use some smaller time frames in which to time it okay thank you very much sir and thank you very much for calling i appreciate it and have a great day thank you for calling shocking so what we're looking at folks is uh f but you and a question about that girl look at it yeah i'm just i you know these chinese i think this is chinese future holdings uh down to seventy four forty seven seventy nine i said it's got the dreaded h pattern if it was going to turn four days ago was the absolute well three days ago she was three trading days ago was the absolute moment that it should have turned it hasn't i you know i i don't see any benefit in trading chinese stocks at this point look at this the fxi breaking down again um i just i am what can i say i have no empathy at all at this particular point i think later on we will see the chinese sector move but not now a couple of things i want to talk about uh quickly let me look at look at that exactly that xrt yes xrt is xrt is the retail index made that peak e we were looking at the other day one of the reasons why i said i'm prepared to start shorting because we got a lot of signs that say uh this market is becoming a lot more vulnerable except for one or two areas that still shows oh no my short on the uh smh is now in the money oh well maybe i'll put out something later today we'll see um in the meantime 94.58 um the high was 104 with a double top there to jump with two bar reversal 144 31 uh on the 17th of november here we are trading in 94 54 i have to tell you remember the rectangle i spent hours not hours i spent most of a show a couple of shows actually saying be careful that we charge the same as the i w m a long rectangle formation at highs says you might be able to pop above watch out because you're going to come back into the middle of that range dawn there it is that's exactly the technique that i like to teach my subscribers to my opening call and it's a leg c in the monthly chart uh i this this is somewhat vulnerable be be be careful i had a question about roblox rblx uh let's rr blx there it is up today up 3.52 at 132.90 made a peak about six sessions ago all time high it's pulled back sharply and now it's running this is good action i suspect that it's getting close to some kind of a consolidation so i as i record with roblox and what else were we looking at sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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.com the opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors are you looking for a secured investment which pays you on a monthly basis the target first mortgage program may be the program for you the best rate on a five-year cd in the country right now according to bankrate.com is paying 1% per year or $1,000 per 100,000 invested the target first mortgage program pays 7% per year paid monthly on secured high value buildable properties in st. Petersburg, Florida the investment is for four years paying 7% per year or $7,000 per 100,000 invested your investment is secured by high value real estate in st. Petersburg, Florida your investment can be anywhere from 100,000 to 500,000 you want to make 1000 per year on 100,000 dollars invested or 7,000 per year on a secured tiger first mortgage the tiger first mortgage program may be just the program for you the tiger first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com Hi folks so a couple of things doctor's sign doctor's sign is the one I was looking for electronic signing it's down five at 246.12 under the 40 under the 200 good move average looks like the down looks like the IWF just be careful yep earnings coming out in another day or so I would just be careful nika and nike didn't know how I typed it in the den that wasn't very clever nike trading yeah there it is double top there's the same thing I was doing about the left side and the right side at 179 all-time high way back in November the 8th and then it tries again around about the 22nd at 177-75 it's holding quite quite well actually but remember this is in the retail area I think nike could be helped by the by the Christmas season I'm separating everything Vixie Dolly Bondi Goldie just everything is in its own world right now and all I can say is let's do this before we wrap up the show the QQQ the NDX100 we're waiting for a big red candle I was doing about a moment ago I said yep well we're short we're short from just about the very day of the top but what we're looking at is at 394.63 just that was at 401.19 if this becomes a gray leg A and it fails and it takes our 389 support closes under 389.77 but let's just say closes under 389 the next day or two all I can say is watch out because now you're getting all of the different indices in unison starting to decline with cells this is still not even a cell signal although I've got a down arrow and all that by the end of the day it might be a confirmation of a cell signal it'll be a cell mode if it actually cracks 389 I'm just saying please be careful and when the selling intensifies that's where we could start to see something ready over here real overbought in so many areas IPD eats and Fs daily charts all over the show but not even the weekly charts I'm starting to say just be real careful I'm saying raise cash be real careful let the market take you back to two have a wonderful rest of the day I'll be back the time of the day and say to you you've got a wonderful programming coming up from Larry you've got tickets for you guys take part in our check up