 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. Hi everyone, Basil Chapman on this Monday, Monday the 16th of May, mid-May, and look where we are. So the start of the turnaround on Friday was really important. It said a couple of things. It said on a very short-term basis, the markets had reached a certain point where there was a chance that some kind of short-term base could be formed if that base held through various structural zig-zags, let's call it, because that's what's been happening for a little while now. When we've made these lows, I call them, I wonder if I can go to this chart, I'll do that. So we've got what I call Chapman Wave Mini, Chapman Wave Roman Candle, that was the candle of Thursday at 31228 and the Dow. We had had the same thing, I called that one, a half Chapman Wave Roman Candle, I explained in a moment. That was the one on the 2nd of May and then we had one on the 24th of February, where is that there? Yes, 24th of February, right there at 32,272, and then we had one on the 24th of January at 32,150. The one in January, it's a long-legged candle, has a tiny little wick, has a body that is above the low of that wick by half to two-thirds, and then what happens is it needs within a day or two to break above that previous high of that candle and then hold support and give it by signal, they can go to a by-mode, this one went all the way to a peak, C minus it fails instead of going to a D at 35,824. Then the next one had the same pattern, beautiful pattern, broke higher and then failed and pulled back to half of the wick, which is a really scary thing, but it didn't hold for long enough because eventually over the period of about 90 minutes, it reversed and made an inverse Chapman Wave Roman Candle, broke above half the wick's midpoint and then closed and shot up all the way to a peak D at 35,372. So you see this one here was very choppy, and that's the one from the 24th of January, and it was a beautiful candle. The one on the 24th was a beautiful candle, but it was even more choppy, it made a dreaded H within a successful H pattern, and then broke and went even higher to a peak D, that's the objective of a Chapman Wave signal to by-mode. Then what happened is we pulled back very sharply and we made the same candle on the 2nd of May except the body was really small. Now over the years I've refined these things and all of us do a tremendous amount of work at setting our particular techniques, refining our techniques and talking about techniques and I just went along just as we were about to do the shot, I don't usually like to do that. I put a stop in and bam, a stop got it and now I was doing exactly what I wanted to see, this is just my own little trading in the E-minis, and now the futures are actually a lot higher. Anyway, so what we're looking at here, the semi-Chapman Wave Roman candle, the green Roman candle, worked beautifully from the 2nd, it screamed up to 34,117, this is from 32,049, and then reversed and took out all the support levels, went to the low on Thursday of 31,228, formed a mini, the body was so small but everything else about it was quite good, it replicated things I looked for and we needed to close above the wick high on Thursday, we did that on Friday, had a really nice rally, strong rally, closed quite well and now we've got so far an inside bar. So the big question for me, my subscribers, when I did my video on Saturday, another one of those long videos we had, there was so much to discuss, the big question for me was, is it possible that this is going to be a quick failure because they're fading quicker and quicker, even though they're rocket to the upside immediately after the Roman candle, or is this now the start of something that has higher highs to come? I can't even answer the question other than to say all the technicals that I'm looking at in the very short term, the on balance volume, look at this middle chart, that's the same chart of the diodes except now it includes the MACD in the stochastic and on balance volume, yes, that is very nice, it's a nice positive V-shaped pattern, the stochastic has gone from 8% to 17%, that's exactly what you look for, so these technicals here are giving a strong buy signal that gets upgraded to a buy mode only in the stochastic, on balance gives you a nice confirmation of the reversal, the price gives you a nice confirmation of the reversal, the MACD is very weak, it hasn't done anything until the MACD crosses positive, you're not even going to get a buy mode, so we're still not even confirming the buy signal because there's only a grade leg A, we need to see the 32,390s level at the 9-period, the pink 9-period moving average hit and hit fairly soon, I think it's a possibility, but I'm not going to get carried away, we've got a 120-minute chart, 31,900 is kind of key support, it's holding it so far, it's at 31,915 and then you're bumping to all these 32,766 and 32,820 chapwave automated resistance levels, let's do one thing at a time, I'll just show you this chart right here, it turned to negative to a sell mode, the daily Dow when the 9-period moving went pink and crossed negative and now we're going to wait to have to see how long it takes for this pink line to cross over the black line to go positive and turn green, that's going to take a lot of effort, I think there's enough evidence to say there's going to be an attempt, that's the reason why we went long on a Friday, on the sudden pullback off of the gap up and all I can say is let it do what it's going to do, let the games begin, now we're looking at the S&P, also a nice turnaround, S&P is trading down just 11 at 4,012, having slipped down to the 39,83 level, that's 30 points higher, this is very nice action, it's not great, it's just very nice action, actually the technicals here are still working very hard to turn up, but there are at least showing the signs, now let's talk about this, you see this weekly chart of the S&P, that's a red, Chapman wave Roman candle at a low, I forgot to talk about this, did I talk about it for this, yes, so that's the same pattern that we've seen in the weekly chart of the Dow from the close on Friday, so this is a chart, I forgot to type it in, Chapman wave Roman candle a red one at a low, it has more or less the same connotations as the green one, but it is still red meaning we haven't changed any signals yet to even think of a buy signal, so a lot of work needs to be done, in fact at 32,100 in the Dow you're ready to see the 32,400, the S&P right now trading at 4,011, you need to see the 4,044 pierced and the attempt to get to the full degree of moving average in the daily chart of 4,094, 90 points above, almost 1,000 Dow points, I don't know that's going to be tough, but now this is the big issue right now, are the cues, are they going to come back, are they going to show some strength finally, we're talking about that when I reach here, booming inflation, we are purchasing powers eroded, there's no better place to protect your harder and money than ain't gold, this is a gold flagship asset is the Monk Todd gold project in the northern territory of Australia, this is Australia's largest undeveloped gold project, we are talking a world class gold project in a tail one mining district, this is a large scale low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction, Vista Gold just completed the Monk Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16 year mine life, all of this combined with the approvals of all major operational as well as environmental permits, this distinguishes Monk Todd as an attractive, dearest party, ready development stage gold project, Vista Gold trades on the New York Stock Exchange under the symbol VGZ, are you looking for a way to consistently add winning trades to your portfolio? 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from veteran day trader Larry Pezzavento 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 and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors 48 internationally at 727-873-7618 Hi folks so we'll continue but I wanted to get to this because it was asked of me could I post the Devin chart Devin energy having talked about it being quite positive and certainly if it breaks into the 70 level that'll be very good yes it's at 7116 and one of the things that I've been looking at especially over the weekend I mentioned on my for my subscribers to my opening call in my lengthy video on Saturday with the market overview I said I think crude oil is actually doing very well yeah we want to get into back into the crude oil area that's oil sector and we did we did get one for those of you subscribers you were able to get in I did I sent out the my daily opening call newsletter early and if you got to the traders cornering time you would have been able to get in plenty of time underneath the price that I wanted out particularly I especially said if we are going to see a rally I would prefer at this point because we've got some stocks that I consider under the radar that are really in the wheelhouse of what could work here without going into the more volatile areas that are very oversold and should have very big balances we are already in that so I want you to spread the whole portfolio out into different areas so I had said let's go for a very low priced stock in the oil sector because if prices are going up rather than put a lot of money to work and the percentage might be the same but your risk is a little different because it's such a high price let's choose a pretty good stock at a lower price a single digit and see what we can do with that well so far it's up about maybe six percent the days young crude oil could do anything but the thinking was that I want a very diverse portfolio for subscribers right now and the reason being that this is a very diverse market there's the old school and that's what we want to be in there's the new school meaning the school that says there have been so many huge 60 70 80 percent hits to the downside in the NASDAQ maybe now we've got a kind of a fresh start let's see if we can deal with that in a certain way I'm trying to deal with it in a certain way I will see and now the question was is this a leg F or a brand new B in the weekly chart I'm not doing anything I'm just putting in as an all as a sequence of ABCDEFG there's never an H and I'm going sequentially higher and let's call it an F in the weekly and a leg D in the monthly Devin energy up 255 is doing beautifully it's up 3.71 and that's what I mean that the lower price stock is up six percent for the same amount of work I'd much for all that this particular point still having a nice big cash position we have put money to work but I've made sure that we are we've taken profits in a lot of areas and we're trying to put money to work okay now that does only down 49 the S&P's only down six this is exactly so my chapter we've shouldn't gauge reading on Friday was very low it said to me that there should be my tradition of the reading I this is Richard arms short term trading index I have nothing to do that I just I only see the numbers and I've put the numbers in here for decades and the decades say that the percentage correct on my reading of certain numbers on the high side or the low side of his gauge I call it the Chapman Wave Chin gauge because I only use the numbers has had a 93 to even more percentage accuracy rate I don't know if it'll stay that way but at least still it's still working and it gave us the pullback I have no idea because this is the pullback that says the Dow should pull back regardless of how high the futures are and go negative and then they should be buying and over a period of the day usually with this particular index there'll be an attempt to get to a plus side we've got a lot of work to do we're down 40 still we'll see if we can go positive and then I can check this off otherwise I have to put it in that's inaccurate put an X on it even though it's done everything that we would like so another question came in uh frank says dba worth a hard look today so the dba we've had we're actually out of over two years have we gone from the 1377 level is it two years maybe not so let me just check since um yeah July of 2020 so nearly two years 1377 we've taken a little bit off but mostly we've been along I was going to add to it but I decided I want more spread out a portfolio for subscribers in this very volatile period it is it was a 21 27 just uh six seven sessions ago today it's at 22 72 it's up 2.43 percent today 54 cents at 22 72 and that has to do with wheat the moment I saw that wheat is a problem I said oh man that's a that that is the part of the puzzle in this mega what was a mega bull market which has been under pressure now for since uh it depends which index but it's just saying November December January and that's where the tops were made and now we've pulled back very sharply because if you start to see the grains even stocks like s i g which is g i s sorry g i s which is which is i g signet jewellers that i'm just in jewellers right now this is um general mills they're going to pay the penalty at some point yes you can raise prices but then you just you bump into a just a barrier and then you have to start picking up the costs at this point you can still uh you can still pass on the costs a little bit longer I said about a week or two ago I said I think that the higher rates in the in the grains the agricultural sector I think it's got about another six weeks before we really start to see the pressure on mitheinz catch up this the h k h c doing still very nicely 44 29 upper penny or the most recent high was in the 44 range and that was the high of jewish of last year went down to 33s and come back in the u shape formation uh this is still doing very nicely uh but k h c craft hinds company had a high back in oh yes that's right it it became a joint company it was craft and it was hinds and then they married I wouldn't make any jokes about that but we've got 80 and 97 77 was the high in February of 2017 had a little bit of a dip down to the uh teams and now it's come back very very well so yes we'll see what happens so that's what I'm looking at I don't want to go through the other grains I want to go on to other things that we want to discuss um let's see let's see now yeah I had to I actually did watch the celts game last night yesterday afternoon mostly so that I could discuss a little bit with my my son otherwise um I wouldn't really watch um although I mean it's a fantastic game I just you know I like playing sports I'm not I I do watch but I really like playing more than anything else um so yeah it was a great game and uh congratulations uh let's see oh oh that's right Pat says GIS and shrink the packages I've been speaking about this it's a big deal I've been talking about this for ages this is the phase in the um in the inflationary cycle where you pay more for less it's just as simple as possible the uh eight ounce becomes seven ounce or six ounce uh yeah the pound because it gets shrunken down the bottles get smaller that's just the way it is and then there's a certain point that they can't keep doing all right I'll be back in a moment with this country book about and now I'm going to go through a whole bunch of stocks that I didn't finish up on um Thursday or Friday which I'll do soon as I trim now it's down 85 sb down the limit if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the tiger's den 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 and now they are expanding their reach with the tiger's den available to all tigers and tiger's for 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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 Gartley's 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 $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com hi guys we're back just a real quick question about the SWIR this year a wireless question from Piki I'm just gonna say you know what this is your kind of stock I'm looking at the monthly not the daily or the weekly but the monthly says that there's a chance that at 21.09 this is in play for I don't know what reason I don't know what the movie is look at this is one of those I usually see this in single digit stocks just straight up for one two three four bars you have no choice if you want in you've got to grab it right here I'd have a stop just for the moment this is you this is not for everybody but for you I'd say the stock should be about 19.50 just for the moment and if it's able to hit 21.9, 21.29 is the high today if it goes to 21.35 just to have a trading stop of $1.50 it's going to pull back but just to get a feel for it right now I would say yes there's something going on and I've seen this with a couple of the wireless companies and I'm just wondering because more and more people are beginning to say you know these these these media you know the communications the bills are getting really high and they keep bumping them up do I need everything I keep saying that as well but I keep I keep still say I haven't done anything I keep saying I'm going to do anything but I haven't but I will because I mean it's just crazy and not only that you can piggyback on someone like a Verizon or a Comcast or especially a Verizon by going to someone else actually uses the Verizon line and charges quite a lot less so I'm just saying there's something going on here I don't know exactly what it is in Sierra wireless SWIR the day might be young and we could just be pulling back right now I said green I mean one two three four this is the fifth huge green candle obviously it's due for a bit but if you if you want to get in I would I would start a position now with I would call it a fairly wise stop I don't do this you know 2115 right now I see 19.50 so that's it's it's about you know it's about seven or eight percent I don't usually do that for a started position but I'm just saying that I do like it and it's it has these very sharp pullbacks this is the move that could go higher and when it stops you're going to be ready for the big pullback but just to get a feel for it I'd say yeah this is where you might want to be never anything on that expedited does that yes I agree so yeah we're looking at so okay where are we here oh okay so now I can go through those now I haven't finished crude oil crude oil is a still upsum yes it's up 92 cents at 111.42 this is leg D it's in the rectangle formation going to remember the rule of thumb in the rectangle formation if there is a series of higher highs and higher lows then there's a really good chance it could go to the previous major major high that was the high of the 24th of March in the continuous contract 116.07 and it could go just under right on or just above and then be careful because if it pulls back about a 30 can even go halfway into the whole rectangle formation so far this is acting quite well but the most important thing about it is that the weekly chart is refused within the rectangle formation so far to break down to make the each pattern within the rectangle and that's just saying so far there's strength but then when you look at it in much greater detail you see each new high in the weekly it's just very modest and it says you know what crude oil could be getting close to some kind of a pullback so don't get too carried away meantime back at the ranch if you look at the OIH the OIH the oil service you'll see that's a little bit of a different chart it's making lower lows and lower highs and the monthly chart is in this other rectangle formation it's gone through that PT and it's now pulling back so I'm saying be very selective and that's why the reason why I said get some laggards to at least piggyback on the strength of the good stocks within that sector and that's just another way to all you just get the very best and the question was we were looking at Devon energy we can look at T T T M O no C E O man THO no T M O what is THO oh four industries oh that should be doing well now and it's not is that those uh utility those uh four wheel drive outdoor vehicles that I don't know if they're electric or not anyway so what oh MRO MRO we're back to normal there we go MRO is marathon oil doing very nicely today so these have been leaders just keep following them to see exactly where the big picture is in this particular sector okay here we go TROW that's true I've discussed this a long time ago so TRO price actively managed funds and it went from an all-time high of 224 with a double top of 223.24 a couple of weeks later that V-shaped pattern I'd said be careful because you've got the left side I took it away I'll put it back the left side high was much stronger than the right side look at that failure this is that deflection lower that rectangle deflection low in the MACD stochastic turns down didn't even get to 80 percent and then it plummeted down to the 114s 100 points down now it's ready for some kind of a balance yes I'm going to put the TRO TRO TRO price actively managed funds in at least the counter balance category right now don't get too carry to us so think of it right now as a balance I haven't got proof yet this is more than just a low that was made and that we've got to see evidence of strength and that has to come by Wednesday or Thursday let's put that down arrow there so TRO TRO at 121 round number right now down 95 cents yes it should attempt this week to try to get to the 122 to 125 level it's a big difference between 122 and 125 it's in a lot a lot of work to do that next question okay here we go so questions about Walgreens WBA WBA Walgreens trading down from the highs well first of all the most important high was made December going to January in the 54s and it comes tumbling down to 41s straight right now 43 77 I think it's attempting to form a kind of a base this is Walgreen Boots Alliance Inc at drug stores until it's trading on a weekly basis about 46 now let's make it 44.50 trading on a weekly basis about 45.50 that means that interweekly can be there but I'm looking at a Friday close in that area that would say to me great now it's starting to form a kind of a basis says there could be a rally oh that involves the weekly charter than this the daily different fails and it takes out 42 just 42 closes under 42 says not ready for prime time yet next question was a QST a QST a QST is trading up very nicely oh at $1.31 up 8 cents up a 6.5% now I've done I had done some work on this it was asked about equestria therapeutics I can't remember what they do but as it stands right now the three green candles we've just had on a dollar 31 price stock says to me that only if you are really not I would say risk a verse but if you're able to do your homework to say I understand the risk involved at this point I don't think it's going to take out the low of Thursday which is a 0.9 97 is trading at 1.30 I mean that's a big percentage move but my eyes says that it's going to try to tackle over a couple of days the 1.47s highs that were made for a few days back in late April and if it's able to close above 1.51 in the next I'll give it a hope it's not closing underneath 1.10 I think this is a very nice bounce 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 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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 8664767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 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 i'm going to show you back to mcdonalds was a question so mcdonalds i evidently they exiting russia but i don't think they were a big percent i think they had a very small percentage they had a big influence in russia but i don't think they had a big position in russia and look the 200 p of moving average of 245 is down to 243 right now made an all-time high of 270 271 13 back in january and took a dive down to 217 then had a beautiful run up to the 259 area and now it's pulling back so mcdonalds is in that area that says to me we don't know how the profits are going to be impacted because we don't know what the percentage is and we don't know yet what the higher beef higher everything the costs are going to how they're going to be impacted so i'm just saying that i think one of the one of the questions i had was if we're being long for some time what should we do and my answer is a real simple one you don't have to listen to me because i don't have it and i'm not in your shoes i'm just going to say on a purely technical basis it's arching over i think it's in a digestive phase i'm not sure it's going to participate well in this particular flurry to the upside if i'm correct in saying we see a rally that by wednesday or thursday we should get some confirmation that there's going to be more upside pressure but there's a very mixed market i don't think mcdonalds right now is in the area that i would like to be at 243 we have a couple of stocks in the exactly at 244 right now one that we got on friday which there was a question about why this particular one at this particular time because although i don't particularly like the sector because i think the sector is extremely overboard this particular stock has held really well and i think that it has a chance just to have a decent percentage not nothing spectacular decent percentage gain and also to be able to go against any tide if the if the selling continues as it has all day today every time we've had a bounce they've been selling pressure if the bounce succeeds in going plus on the dow and holding for 35 to 45 minutes i think it'll bring in a lot of buying and that's where i think you'll see mcdonalds start to weaken and the stock that we've gone on friday just that's where the test comes in doesn't start to participate as an independent almost independent of the market itself and then the one that we had got previous to that which i said is in the area it's the best in the area it's it's not an inexpensive stock in price but it's an inexpensive stock because it has all the ingredients of that particular sector plus others that tells me that it's got some i'm looking for veracity i'm looking for something that for subscribers says that in this particular environment you can be long selectively long with stops but if it works out you could see a decent move in these particular stocks against a backdrop that says who a lot of shoes keep dropping mcdonalds i don't think is one of those next question i had was e w i'd mentioned some time ago edwards life sciences no this is in that same category i think thermo fisher is tmo which we used to have and made fabulous profits on i think these are in the sectors that say we need a little bit more time the one that we are now out of that we've been in for absolutely forever uh adulant um i think this is all in the same category as scientific solutions and kind of sometimes medical labs whatever it is um this is a sector that's going to be doing a little bit of struggling at this particular point next question i had was um walmart walmart i believe is coming out with earnings is that winners and i think maybe tuesday it's made a dojo candle peak peak g high g high in the um in the daily chart on the 21st of april at 160.77 let me just put that in 160.77 and that was when i say 26 of april i think i did i used to always play concerts on the 26 of april i don't know why it always worked out that way but it was one of the days i always look forward to uh in the years when i was a professional musician and all right so now we're down leg a whoops lowcase on the downside leg a leg b leg c your obligation is just not to miss any troughs or peaks every this is the trap wave is the waveform that never sleeps so every single trough or peak gets a notation and yes this is the struggle i you know walmart i have an alternate count in the monthly chart i know it could be a d and i just don't want to get carried away did do this double top uh 152 in august of 2021 and november goes to 152 again round number high then it pulls back sharply then it went to a higher high and now i think i think it's kind of done i would not be surprised if walmart however it reacts on tuesday i would not be surprised if on thursday it's starting to show a little bit of signs of wear and tear most important on walmart is 144 the 200 period moving average if it starts if it touches that it means that's now a live wire and it's going to be a magnet and even if it goes higher from the 200 period moving average it'll come back even if it goes lower it'll come back it'll be stuck there and make a sine wave up and down movement for a while if it closes at 152 or higher any day after the announcement of the earnings i would say that's really good action but it's still stuck in the range but it is very good action so what what do you do i didn't think i didn't i don't know if that was a question if you've been long i would so two of them what was the question or mcdonald's i would take a little bit off that was a question i would take a little bit off so that you have a comfort factor you've got a big profit definitely i would take enough off to make you feel very good about sleeping at night without any surprises walmart is a little different because walmart i think is going to be in a trading band and a trading range and looks to me based on everything i'm looking at right now that it is going to over the next three weeks it'll test the 140 to 140 area i hope i'm wrong because it's a great company i'd like to see it do well cosco is the same thing cosco ups i typed it in the wrong place wherever i typed in i'll do it here so cosco and that goes with the retail because retail should be a little bit under pressure should yep cosco is under the 200 period moving average i spoke about that recently recently i said i'm pretty sure that that peak d that was made in april out of in the six uh 17 ish area that's going to be a significant top for now and cost go great company this is a great company and the double top that was made uh from the pd that was made in december to the um high that was made back in april you can see if i do vertical lines this is the vertical test look at this test one test two and look how weak it is i would suggest to you that cost goes a little different here i'm going to say to you i would more than just take a little bit off i'd actually take a little bit more of if anyone's in cosco um arkk arkk we're looking at arc um had a beautiful move from the 3510 low on thursday it went all the way to the 43s it's trading at 42 33 43 92 was the high today didn't touch 44 i can't i forgot to look at that didn't touch 44 44.11 so as i'm looking at this right now remember i spoke about that mini chapter with roman candle in the dow and what it's saying to me is that this is different to other times in that any rally from this particular level i i'm convinced that unless we get the qqq the ndx 100 very oversold stocks which are absolutely will improve arkk moving quite a bit higher by friday by friday's clothes i'll take time 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 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seat by larry side as he trades the markets real time including the dowan smp 500 e mini crude oil natural gas gold treasury bonds wheat and soybeans the euro dollar pound dollar dollar yen and more if you've ever wanted to get inside the mind of a market master you cannot miss this live trading webinar to sign up today just visit the front page of tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com i know we'll run out of time before mentioning this tomorrow is larry's webinar larry does a fabulous job with these webinars he does really well and he does really well for the attendees recommend i mean you heard the ad just a moment ago absolutely true this is just exactly what you're looking for if you do anything if you have anything to do with trading if you have anything to do with looking at positions in different commodities etc just consider it you will learn so much and hopefully it'd be very well rewarded check out front page of tfnn and fang question about fang which is diamond back and energy it's kind of stuck in a range between 142 and 119 i'd even make it narrower i'd say it's stuck between 128 134 goes above that it can go higher goes below that it can go lower just for the moment it's stuck in a range and i'm a little concerned in that it is a peak f in the month in the weekly chart and a peak e in the monthly with its double top potential i don't i wouldn't say get out of it what i would say is and i wouldn't even say take a little bit off for money management i would say watch it closely if it starts to pull back under um under 129 they're maybe take a little bit off and if it pushes over 136 just stay in position that sounds good to me i would not consider any of these in the oil sector shorts the next thing i had was like what was i doing before we went to the break i said i'd come back to it uh al k k so this is the area that has to work and it's down to $1.53 today done at 42.06 by friday my actually by thursday it needs to be not just hitting but trading in the 45s that's really imperative and by friday friday it should have had at least one attempted 46 and maybe then pull back this is important this is the arc innovation fund this is the first time i've been able to say i think this is the opportunity has to rally get better rally but think of the qqq even more because that qqq is also pulling back it needs to get to the three uh oh to the 302 three a three level very soon have a wonderful rest of the day mary comes up next then you have uh think of swarms you have uh uh it's uh rose day one to tom awry have a great check out