 The following is a presentation of TFNN, The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Good morning, everyone. Basil Chapman here on this February the 12th. We're looking at on this Monday, beginning of the week. A little, a little bit. Oh, man. I can't even really call it shaking. As it stands right now, it looks like it's going to be tough to break the 39,900. I think that's going to be a serious, at least a short-term resistance point. More importantly, what I am looking at here is that you see this little wall here. It's going to break the 39,900. I think that's going to be a serious, at least a short-term resistance point. More importantly, what I am looking at here is that you see this little rectangle that's forming? I'll draw it in right here. Until we break under it, right there, until we really start to trade. I don't mean just slide underneath, but I'm talking about trading below the low of the 5th of February, which was 38,200. Let's call it 200. Don't we actually trading under that? That's about four, five, four. Yeah. So this is six. Let's make that 700. That's about 300 points lower than where we are right now. Until we actually trading there, this sideways consolidation in the Dow is just, at this point, we have to think of it as a bit of a breather. That's all because if you're looking at the S&P, and this is a slightly different charge. Look, the S&P has had no breather like that. It's had two days, and then it's spiked to a new all-time high. Today, the high is 5,028.35, and the high on Friday was 5,030.06. Let me just change that. I made a mistake. 06. Okay. So within that context, this is still pushing high, but I am calling it an E in the daily. Only a B in the weekly. That is extremely positive looking out, but it's a B, nevertheless. And if you look at the on balance volume in the weekly and the daily and the monthly actually, very overboard. But that stochastic at 98%, 98.62, in fact, in the weekly charge and flat, that is very positive. So trying to time some kind of a pullback, first of all, you have to consider that it's more like a breather. It's not anything like a pullback. In fact, if it just gives back three days with the work, going back to the 90, let's call it nine, even if it goes back to the 99.50 area, that's 50, 60 points from here. That would be quite a sharp move down, but it's all set. It's gone back to last Wednesday or Thursday's trading level. So look at the QQQ, and I have to tell you that those round numbers just keep appearing and I mentioned, let's do this. Yeah, the Qs are down 27 cents at 436.79. I'm not sure that that was the exact high. I think I forgot to update it over the weekend. Let's go there. He has a daily charge of that. So the high on Friday was 437.85. Yes, I did update it. And today's high so far lower at 437.45, not by much, but it is a little bit lower. So within this context, overboard, yes, on a daily basis, overboard, yes, on a weekly basis, but the technicals, the nine period over the 14, all those technicals are still very positive. It's only the on balance volume that's saying, hey, you're getting somewhat overboard. You need to take a little bit of a rest over here. Now let's go to the QQQIWM. Now that's very different. As I said to subscribers over the weekend when I did my hour long video overview for the week and was transpired up until now, where we are with all our positions, which are all, all long except for one short position that we have. And what we're all looking at here is this U shaped pattern, which made a second use so that it's like a W formation or a large cup formation says that closing above for the second day within three days above the 191.9941 high in the I shares Russell 2000 ETF IWM. Trading right now to 1.50 up 2.70. That's a big deal because finally the magnies turned up to stochastic. It's a rallying, but it's not great at 68. So on balance volume, nothing to see here, but the regular strength is improving just a little bit. That's the gray line right there. Let me see if I can click on it right there. Yep, that's actually improving a little bit. So yes, there is a rotation now going to the small caps of 2000. Not, not the small, small caps because if you look at the IWB, that's EF. This is a sort of extending to all-time highs. Even as we speak, it's a 276.08 is the height today, which is an all-time high. Leg B in the weekly chart. Let me just raise that up there. Leg B. There we go. Leg B and a leg D. So it's a little extended in the monthly chart, but it's a little leg D with good technicals. So that's the Russell 1000 ETF IWB. All right, let's go on. I want to show you the XLK. XLK is in fact the, I consider that to be an alternate count, but I am calling it a D right now in the daily chart. You know, an alternate count, but I'm going to be conservative. Call it a D right there. Leg D at this point. Leg D in the weekly chart. All-time high, SMB Select Tech Spider Fund. Pulling back a little bit today down 62 cents. Oh, down. What happened there? 207.23 down 61 cents. And let me just lift this up so you can see clearly we're underneath the Friday all-time high. As I say, for subscribers, we're preparing that there is some kind of a pullback here. We have one short position. We've got another short position as a potential only if certain conditions, only if certain conditions are met. They're not close to being met right now, but that's something that we're going to be considering. Okay, I have to do this gold pulling back sharpie down 10 at 2028. Look, the lowercase H goes to the lowercase M. There's a second arch formation right here. There it is. Second arch formation taking almost taking out the left side low of three weeks ago. The low today is 2026.7, a continuous contract. And it's trading right now 2027.8. I look at silver over the weekend when I was looking at it. It really wasn't a great-looking chart. I did try to pop today. It opened at 22.63, went to 23.15. It's now 22.79, up 19 cents. But these pops to the upside that fail are really not very good. I'm going to do this right now, high-grade copper. High-grade copper is up fractions, up 48. No, it's up 0.01. At 3.699, not a very good-looking chart pattern at all. Now I needed to go to the bonds. First, we go to the bonds themselves. Bonds are unchanged. Look at the TLT. The lower range that means yields are pushing high, but it hasn't taken out the low of mid-January. And that was the low of, I should have typed in it, the low of 93.10. That was on the 24th of January. Type that in 93.10. And that's just telling us that yields are going high. So you remember I was talking about this. I didn't even mention it. I barely mentioned it to my subscribers on Saturday because it's still kind of peripheral. And that is, yeah, I showed it. But it was to show a gray. In other words, yields are going higher. The dollar's going higher. Crude oil is up. It's not doing that much. I don't really have a dark news cloud cover at this particular moment, but it is starting, the clouds are forming. But I'll be right back. That was up nine. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 technicals. Sign up for Rocket Equities & 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, go to TFNN.com. TFNN Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento who you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. This is Fibonacci 24-7 newsletter today. TFNN.com. Educating investors. 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 been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den. Available to all tigers and tigeresses for just $1 for the year. There's no cash 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. At 727-873-7618. I'll do it right now. The question was, did we get one of those long sideways risk-angle formations overnight like we often get off the clothes on the futures? Absolutely, look at this trading. We went to a peak deal in the Chapman Way peak deal where other things can happen. We went sideways. We picked ABCD, then another ABCD. And all the time, you could even think that this was the trading ban right here. I watched it so closely. And we've been in a trading ban between basically 50-40 and 50-45, maybe 50-46. Isn't that amazing? All the way through Sunday night into Monday morning to where we are right now at 50.43. Just kind of stuck there. Usually what happens is it has one spike above the resistance. And then if it takes out the midpoint of the long rectangle, it can take it and pierce. The low in this case would be the 539 and 38. 539 low that was made around about four o'clock. Four o'clock main. Four o'clock on the fifth. So what we're looking at... Is it the fifth? Really? I'm misreading that. On the ninth. The ninth. So we're just stuck in this range. And if we do break that 200-period exponential moving average of 5035, 5035, that's going to be key support today. Forget that. On the upside, I would say 50.48 to 5050 will be the big test of residual strength. I'll call it. All right. All right, let's get back to our story. So we're looking at gold. Silver looked at silver. We looked at high-grade copper. Now we're looking at crude oil if I can find where I've typed that. Typed it in the wrong place. There it goes. There. CL. Oh, I've typed it into that chart. It's there, but it's in the wrong chart. One, two. There we go. Right at the 200-period moving average. Look how important this 200-period moving average is being for crude oil. It just... It cannot hold above it. So if by Wednesday... If by Wednesday it gets to 7980 or touches 80, that's a big deal. Because now it's starting to make higher highs and higher lows. Then it'll be making higher highs and higher lows. Now all it's doing is just stuck in this trading band. So crude oil, not an issue right now. The TLT, I did that. The TLT you can see. 200-period moving average. Way up at 96.25. And we're trading right now 93.77. While it works to be done right there. So within that context, let's just get that back again. So I wanted to show you something important. Look. Marriot. Marriot resorts and hotels, A-Shares makes a round number high last week and then goes fractionally higher and then fractionally higher again. Big red candle on Friday. But look how spectacular this is. This is important because this is the travel industry. The economic repercussions are quite intense. Today it had a 250 round number that was slightly higher in the 250 area. 250. Today's low is 246.00. Now my contention is I don't want to spend too much time on the round numbers other than to say the plethora, the number is just beyond comprehension. I don't think I have ever seen anything quite like this. And as I've said before, I'm not sure exactly what the repercussions are, but it just seems to me that there's a really good chance that it's telling us that fund managers might actually turn out to be regular folks that say I gotta get in, I gotta get in. So they hit the round number button 246. But more likely, and I haven't been able to check it down, I probably could. Actually, let me just have a look here. Let's go to M-A-R. Oh, I don't think I can. It's gonna go all the way back. It doesn't go back far enough today. I could get it, but I can't get it now. I wanted to see if that round number was just a small volume. Let it just be a local yokel that got it. But in the meantime, it's really important for me to notate them and to just say in three to four weeks' time when we look back, has this been an incredible entry point for people and those particular symbols have gone skyrocketing from here? Or has that been a very strong resistance area? All right, XLF. I had a question about that. Let's get to it. XLF is the there we go. This is the S&P financial select spider fund up .05 and 39.13 just stuck in this rectangle. Not weakening, but at least holding up. And it's very important for me as I always look at the financials and I have to include CRE which is the S&P regional banking ETF. Very nice session up 95 48.83. So the big question for me excuse me the big question has been are we rotating are we rolling over in some of the some of the areas and are there new areas? Is the IWM the Russell 2000 and possibly the S&P regional banking ETF are they going to be the ones that really move up sharply now as the general market led by S&H which is S&P semiconductor which is still up 69 cents made an all-time high today another one a 205.35 trading right now up 70 cents and 204.58 will they start to just slow down the upside move and we're looking at the laggards really stick at Shopify Shopify trading right now at 91.00 round number up 27 cents high was a 91.50 that was 89.75 so this is actually let me check it out look 91.44 was the high on Thursday 91.21 was the high was the round number open 90 unbelievable I'll just put the 90 in just to remind myself right now and now it's gone a little higher and where is it it's at 91.10 so we're looking at 91.45 as extending this leg up so far it hasn't done that holding this is the stock that was at this is actually it was split it was like 17.60 what we call the high 176.29 after the split in November of 2021 plummets to 23.63 leg C in the monthly leg C in the weekly and a leg D hasn't been, a peak D hasn't been taken out yet but it's in a template so we're looking at that I want to look at the I.A.I that is the this is the I shares broker dealer and security ETF up 52 cents in 107.29 that's a good sign so there are a lot of good things still in this market I'll be right back currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstat's Tiger 4x report Teddy Kegstat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options. Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar pound dollar, dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence 4x markets tremendously when you sign up for the Tiger 4x report you also gain instant access to Teddy's 60 minute webinar archive he just hosted 4x strategies and fundamentals what is behind the Tiger 4x report for all the details and to start your 30 day Tiger 4x report subscription today visit the front page of TFNN.com 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 in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com Educating Investors Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our seasoned hosts are here to answer your calls and questions live on the air check out the Tigers Den for just one dollar and follow us on YouTube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better join us and experience the difference today TFNN Educating Investors the $120s all the way to the $140s you know we're talking about very low priced stocks this is a big percentage move up 7.3% now what's really important about this is that it was not looking very good a few days ago when it arched over but now that arch has become a cup formation and most importantly you can see on the left side stalling right there that was back on the 4th of January 154 and 145 was the range and now what we're looking at is within that context the question has to be the weak HR is still kind of weak WEK is WEAK but more importantly what we're looking at is in this particular area the energy area are we looking at I was asked about FSLR first solo well it's obviously a different company but yeah it's still in that energy area and if you look at first solo different price range altogether this one's at $148 the other one's at $155 $148 to $155 also with a very strong Thursday and now a strong Friday and what I was saying is that the question came up between was it ENPH am I mistaken yeah ENPH was that the two of them were asked I believe and I said ENPH is actually a better chart because it's gapped up and it was at that point trying to take out that left side high which it did and now it's had a stronger move up it's at $7.5 at $130.06 so there's something going on in the whole battery area oh there's one that I missed ENV VX oh there's another move up yeah ENOVIX Corporation, Citicone, ENO, NTM Iron Battery, 3D Cell Architecture very nice move to the upside gapped up and it's a little like Nphase it was looking horrible and now it's moving up it's at $12.05 up $20.00 getting close to the 200-period moving average of $12.36 so the question is FCEL Basil can you talk about it for yourself please I see a break of the $148 to $151 area being quite important maybe the trigger to establish a sustained longer term push so I can't really talk longer term about these because for some reason for quite some while we've been seeing then have this big surge and then nothing and a big surge in nothing but the rally that went all the way in December from the lows in December at $110 to $180 in fuel cell that was a fabulous but look how it gave it back that Eiffel tower straight up street down pattern and then went all the way down to the $109 area so all I can say is I can't talk about this longer term there are so many aspects that go into these fuel cell and the energy and the whole energy sector in terms of battery fuel power and certain means of energizing EVs or whatever it is so I'm just going to say that at this point fuel cells acting really well you've got lagging indicators that have turned positive but they're still lagging in the daily chart but the 9 period on Friday did cross positive and that's a big deal now what we're looking at is that the weekly chart needs to see the 9 period moving average which is pink it needs to see the 9 period moving and it hasn't done that yet that is really well sarcastic 35% not so great on balance volume is much better so there's a start but I will tell you this intermediate term I can only talk price and I can't talk time I'll call it intermediate term if anytime in February and of course we haven't even gone halfway through February yet but anytime in February if there is a close above this candle right here that's that candle of the week of the 11th of August which has had 199 1.99 high and 1.82 low if there is a close above it getting into the twos I would then say on a price basis it's met anything that I would call an intermediate term let me just move this down in place right there I haven't even got this as a buy signal in the daily in the weekly chart yet I have it on a daily chart buy signal not get a buy I must wait for the end of the day but this is definitely doing much better so intermediate term not time but intermediate term price I'm going to say to you at 145 right now if we can move up another 45 cents or so that would be very impressive and that you know these things move so quickly I'm saying on a weekly basis it could do that on a daily basis but the 174 is the charge of period exponential moving average daily resistance do one step at a time now I haven't spoken about support today's lows 135 if this takes out 140 support buy tomorrow that's not a good sign at all if that holds and it's actually making higher highs again tomorrow that's very good and that says there should be a leg D a buy mode by the end of the day I'll have to confirm that I'd like this to casting not to be at 62% but probably maybe 73% not even 80% and I'll say yep buy mode should go to a buy signal it's very close but at this particular point that's what I'm saying now what we're looking at is within the context of yeah so the other thing was could I look at the FXI that's the China large cap ETF nice action today up 61 and what I've been saying is that this particular pattern this rectangle let me just draw this in as a Chapman wave methodology pattern so that says I'm going to go to those highs and then I'm just going to draw a rectangle in here there was a Fibonacci level that went exactly to 20.86 which is the low high that was made in January and now it's trading at 22.98 you know two points in an issue that has just been making a lower lows and lower highs for some time but has finally formed some kind of a base in the weekly chart says that's a very good sign and it's best not to look at the upside but to look at what your support is and that's at 21.60 to 21.20 if it closes under 21.20 anytime this week that's really not good at this particular time the weight of evidence on the technical side says there's a push a push a push and that push says some residual strength is there if the FXI trading at 22.98 is able first to tag so it doesn't have to even close it just has to tag 23.69 ooh that's a lot let me be a little more conservative it has to tag 23.45 that's the high of the 5th of January if it can tag that once then there's a really good chance it's going to close above it that's just the way I'm looking at it right now there's an improvement not in the weekly chart needs there's a divergence because I can see prices going down as the stochastic was starting to rally a little bit but that's not good enough for me so the FXI and XPEV was that XPEV that was a question and XPEV nice move today up 59 cents up 6.9% at 908 what we were talking about last week is when I was looking at it I said this little side move with these tiny candles you have to see it close over the high of the 6th of February which was at 83 we were at 909 good action a start to an outside move in the XPEV and 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 market insights you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of the award winning newsletter market insights firsthand 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 LABU or LABD Directions Daily S&P Biotech three times bull and bear ETFs visit DirectionInvestments.com slash biotech today an investor should consider the investment objectives risk, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact Direction Shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors for foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ yes so SMCI on the Thai YouTube just bought a SMCI put into this week and this is trading up 56 796 I noted all the round numbers 606 round number high didn't bother about that it was way back I think it was there there it is 606 that's on the 2nd of February eh not a problem goes to 686 round number high eh not a problem Friday had a high of 70 what was it is it 84? yeah it has 693 round number high and today what does it do? it has a high of 798.95 no round number yet but it's still trading it's still moving higher so you cannot get in the way of something that is accelerate I'm thinking of that movie where the train goes through the station it was a Paris metro station and a train comes from outside goes through it all the glass gets shattered etc and I'm saying to myself this is like a freight train the momentum to the upside is so powerful but when you look at it this is parabolic now certainly that monthly it's just that two candles straight up so I'm not sure you can talk, you can visually say that's parabolic but I like to see time as well as price so this is not really time this is price in the weekly chart you've got five weeks including this week straight up in the daily chart you've had one little peak F right there but from that peak E low that was made on the 26th of January super micro company company corporation semi-conductor just one of the leaders because it's the way they semi-use for this company and it's just being straight up it's had one peak since then and it's gone one two one two three four five six seven eight nine ten eleven twelve thirteen days vertical and that just says you can look at this and say oh my god this is going to go crashing no what you have to do is go step by step and it says this acceleration is where you get the there's a certain degree of hysteria here because if you're short I mean within seconds you have to cover even that that cover in seconds is like ten or twelve or fifteen points so there's a push to the upside which leads this open so that your support level is constantly changing changing so quickly that when the price comes down it has to find in other words this whole area right here where there were three price moves and you can call it at six eighty seven that's a hundred and twenty points lower that would be your first real support level for super micro and it's doing absolutely fantastically we're going to be watching this because the way it's acting right now there's no question it's easy to say we have a consolidation how it does it, what it does and I think that this is the only way that you can take a put position if you want to look at the short side only because maybe you even have it and you're holding it and you say I've got to protect these gains this is crazy stuff well a put would maybe do it and all I can say is that looking out towards Friday I probably would have looked two weeks not one week but Friday is one way and all I can say is I'll go to the 120 minute chart I don't think that's going to tell me anything because it's just straight up look 120 minute chart let's just get to it look it's walking the 9 period moving average it's not even touching the 14 and usually what happens in a case like that is that when it finally does consolidate it goes underneath the 14 and that's at 7 13 right now so almost a hundred points away from that doesn't give you a time it just says that's kind of the way it would look and look at that huge candle a gap up with a huge candle like that look it did it before and I never gave back anything but now it's a little later in the game so I think it's getting closer to some but all I can say is this that if the semis are moving like this it means that there's a particular sector that has lost the steadiness of upside momentum it is now in the stratosphere and that just says this is an area that should at some point have a digestive phase and therefore you've got to be looking at let's just look at the IYT this is the IYT is the iShares Dow Jones transplantation index leg D in the weekly sorry leg D in the monthly leg B in the weekly and at 272 the all-time high was 282 that's 10 points I mean it could do that in an eye blink so this is a this is a real positive for the general market when you've got the transportation index moving in the same direction very close to all-time highs I like to see that and that just says to me going short you have to have a strategy in this particular market and that strategy has to be tempered with very tight stops and it's exactly what we've got for what we'll be looking at in the if we did go short another position now the reason why I'm talking about this in terms of in terms of the Dow which we actually do have a short position remember we've got long long-term buys in the diamonds we've got from the October low of 2022 we still have the UDOW so we benefiting on the long side but as a precautionary measure thinking that the Dow is becoming somewhat toppy not acting as well say as the S&P or the S&H's that's an end that's the sector but nevertheless it's kind of the lead dog in this position rather than our DOG this is really important to see how do we how do we do any kind of a rollover if we're going to do that and you can see this sarcastic at 97% in the IYT this is all good I want you to look at the jets that jets is the well let's don't type it there type it here this is the US airline ETFs so jets JETS and remember Crudel hasn't been spiking up it's up a little bit but it's not spiking so this is acting much much better jets trading at 19.75 up 5 cents a little difficult for me just to guess I need to do this looking at the chart 1822 1822 and I'm going to use this as a phantom peak I'm going to say the JETS US Global JETS ETF is in a buy mode in the daily buy mode in the weekly yes a buy mode in the weekly that's in B and this is in leg C uppercase on the way up so that's a B right there and a C I'm using this as a phantom peak I like to be ahead of the game it means we had two exact little double top highs so I'm going to use that as a phantom peak to say we could get to a D quicker than if I left alone there's your B and there's your C so that just says technically it is a B but I'm going ahead of the game to say I want you to get there and then be prepared that there could be a pullback I'll change it and very often these phantom peaks calculate and re-calculate they become two peaks because you've gone to a D and then an E which turns out to be the D those of you chopping waves know we have 41 in the Dow up at 5 in the S still seems to help you out are you ready to take charge of your financial future gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our seasoned hosts are here to answer your calls and questions live on the air check out the Tigers Den for just $1 and follow us on YouTube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better join us and experience the difference today TFNN educating investors the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at TFNN we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must have tool for every trader out there striving to find an edge in today's markets TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30 day money back guarantee just visit the newsletters tab on the front page of TFNN.com TFNN educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know if you're running up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors 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 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 I have a quick question I think this is green light capital it's a hedge fund is that Einhorn I'm not sure I just did it very quickly but it's leg D in the daily I'm calling this at least I think it's a leg C in the weekly but a leg G in the monthly this is doing fantastic it's at 4.49% so that makes the 1165 to 1155 really important support this week then I had a question about Bank of America I forgot to finish that very nice session up today up 41 cents at 33.48 it needed that but it really needs to get to the 34s to be able to we're along this for a long time now it needs to get to the 34s to say hey this has got even more to go so it does up 57 SMB is up 7 just a market that won't give up anything right now Microsoft has pulled back some we did take some profit another little tad off our position from 238 for about I think there's about a 24% gain on this particular position but anytime back at the ranch this market is not letting up at all we'll see what happens by the end of the week where we stand but mine just keeps coming handing you over to Steve Rose all the great programming today check out most of the Gourma Daily newsletter see you tomorrow