 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. 1,000 Chapman on this Thursday, the 9th of June, we're already moving quickly into June, down 45 and 32,864. A week ago, I said, I'm anticipating, and I drew this in, an oval pattern, Chapman Wave Stalk Lake Formation, possibility. It's not a rectangle, it is decisively an oval, where it runs up to a high, and it runs down to a low, and after that it makes narrowing highs and lows. So it's only an oval, it cannot be a rectangle, that's a completely different pattern with a Chapman Wave methodology structure, a different one. So let me just do this, right here. Within the context of this particular pattern, there isn't really a duration for the oval pattern, called the Chapman Wave Stalk Lake Formation, so there's usually a lot of movement up that makes the first big leg, it's got nothing to do with Chapman Wave Peak, APB, C, etc., it just is a big move up, and then the price of whatever you're following starts to go sideways, and that sideways pattern says, no matter what happens, you keep thinking it's going to break to the upside, and it doesn't, then you keep thinking it's going to break to the downside, that's the technique, it traps you, it's like a rectangle formation, except in this case, the pattern itself, one that I developed when I was hand charting way back in the 1970s, these are structure that says, at a certain point, in fact, right now, going into tomorrow is just perfect for it either to break down, and that would mean, it doesn't have to close, it just has to break under 32,509, that would take it below, the low that was made six sessions ago, that's negative, and that means you've got now an arch formation, and you can start tumbling to the downside, or, and this is really important, it breaks to the upside to start a new leg, in this case above 33,272 in the Dow daily, to start creating the neck, now it's really unusual to go from a peak A to a leg B for the neck, what very often happens is that every, if everything comes together, it has an explosive move that becomes not really a one-to-one and exact measurement, but a breakout that is much bigger than the small neck that comes back in a beak formation, stalks a single leg up, tucks the other leg underneath the body, oval body, then it has the neck, and then the neck at a certain point, maybe it could be anything from slightly higher to even a third higher, comes back and then the beak tests the upper part, in this case 33,272, and how it breaks under that level, and for how long is really important. In this particular instance, if there is, I don't know what good news there could be now, because the jobs number wasn't, the jobs number was still quite low, meaning that the Fed is kind of still stuck at the jobs number, the job list number was higher, that would have said, you know what, maybe the Fed can start loosening in another couple of months, now we don't know, so I don't know what the CPI number is going to be, whatever it is, it might be a momentary spike, this could be the momentary spike that goes to 33,273 or higher, and then by Monday, Tuesday comes back and the big test is how does the beak act inside, because if it closes under 32,509 at any point, either immediately or after the spike up, that is really negative, so as it stands right now, the MACD is strong, the stochastic is flat at 89%, nothing here is negative except for one little thing, yes the nine period is over the 14, but you've taken, since the high that was made on the 20, was that the 30th or something, on the 1st of June at 32,272, it hasn't been able to break above, that is a negative, because price, with the technical strong, price has to move, price is not moving, and that makes me nervous, so what I've seen to subscribe to an opening call, we're still long, we're long for way down, way down, we are way down at about the last one was at about 31,480, yeah we are at 32,785, we've taken some profits, got two newest positions in the nearer term, just not messing around, and we actually, even though we've been quite bullish overall from the low that was made, we have very few positions, we've had a very big cash position, I'm ready to put that cash to work in very selective areas, and this particular sorting out over the last week where a lot of people said, oh this is just terrible, we're going down, we're going to crash, and a lot of people said, oh no, no, no, we could go higher, you're stuck in the middle, and that just confuses everybody, we've been anticipating it, so what we've done is we've traded a three times long index, and intraday traded it, taken money off and then set back, taken money off, set back, maybe taken a little last, but mostly had profits, and all I'm doing is that, and the reason is, look at this, I mentioned to subscribers yesterday, the SLX, which is the steel ETF, with all the steel companies had done fantastically, gone from 54 up to 65, 11 points, I mean it's nearly 20%, but wait a minute, it went to a leg E, and yesterday it pulled back sharply, and today it's down again, and yesterday it is a 60.88 off there, meaning it's 65, it's 9% down in two days, three days, so even when you're finding something, for instance, I've spoken about IBM, IBM has done so well, it's a leader in fact, in the machine technology, information technology, IA, this is the artificial intelligence, cloud enterprise software, look at this, it's really turned the corner, but it hasn't been able to break out yet, here it is at 140, it has gone from the 125 level back in late May, all the way to 145, I mean that's 20 points, that's fabulous for a big company like IBM, and now it's stalling, but it's only stalling, it's not failing, it's just stalling, CRM, this is salesforce.com, I've lumped the two together because they're kind of in a little bit in the same area, because IBM's changed its stripes, and I showed that they made a triple top, A peak A, and then peak B fractionally higher, then peak C yesterday was fractionally higher, and today it's having a nice move up to 255, I like this action, I did want to go long, but I decided that there's a lot going on, and I needed to be more flexible in the sense that, yes, we might add it to the list, but it is already in late C, I needed to see what happened today, and so far today is quite good action, and it's broken the down channel, the higher 311.25 back in November of 2020, that was the all-time out with the little doji candle plummets down to the low of 154, I would say cutting off is a serious thing, and now it's up beautifully, I'm 154 to 190, 140 points, I mean, what is that? Yeah, 40 points for 154, that's 30 something percent, just boom, like that, so yes, it's good, but it's not great, but it's very good near-term action, so I just wanted to, I'm just showing you, I'm pointing out aspects that are really important at this particular moment, and you can look at the unbalanced volume as a tad overboard, now remember, I use unbalanced volume, Tom O'Brien uses volume, pure volume, he looks at the, where the price was at a certain volume, where it is now, tomorrow, today's the last day to sign up, he is only taking a limited number of people, I would recommend if you are really interested in knowing Tom's technique backwards and forwards, this is a perfect time to jump right in, sign up for Tom's, and you get your book, you get a whole bunch of things, it's worth it. 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Yeah so a couple of questions just popped right in, in your chart that you're showing of Salesforce, Salesforce.com, can you comment on this PKPPC and that big cup formation that you've got? Yeah so what I like to do is there's a technique that I've developed over the years, I try to find the plumb line that is where the number of bars on the left are showing that if there is a turnaround you could get an equal number of bars to the right either going back towards the top of the cup formation or in the bottom of the arch formation but sometimes the visual is not, it doesn't work, it just, I'm very visual, I was a once a graphic artist, this is, I'm just visual. So yes there's a mathematical part of it but I love the visuals but so what I do is if I could make a midpoint and I see that the the rallying that's occurring looks to me like there could be an equal number of bars then I consider that the plumb line, this isn't the plumb line, the low of the trough of May, I had to move it and I moved it to right there, I moved it to this bar. Now I have a particular candle in my workshops and my webinars that I give and in the webinars that are online for those of you who are part of my service, my opening call service, you'll see that I've got a lot of webinars based on the plumb line itself but if I can't get the midpoint then I'll go to the very next thing which is a particular candle. From that candle what I do is I like to draw from the left side to the right a chaplain with inside wedge target resistance line. In this particular case if I took it from the line that I wanted which was this low of the 9th of May and I drew it vertically, sorry horizontally, I would get something much lower down so maybe that worked earlier on I took it away I just don't remember anymore but what I did choose because the left side the place that I'm going to is the high of the 20th of April at 19330 but I also like to bump right up against the previous major down thrust so I go all the way to this candle right here on the 14th. Now what I'm looking at is I take that distance and I go to the plumb line of the choice that I made in this case I've chosen this particular candle right here on the 16th. I go to the right and it says that by the 15th of June salesforce.com should be testing the high of the 20th of April which is 19330. High today is 19222 so it's got another couple of days to go into next week to be able to test that level that'll just be one point and it's not it's a cup formation but it's really only a cup formation in that I chose the left side high the the real one should have been first of all that high that was made in the 20th and then going all the way to the 12th which is a high of 190 of 201.12 but I like to do this all very conservatively and that's the way it works. Now the next thing that's important is that yes for the first time there's a there's a chance that by tomorrow we don't know we could close above the 14 black 14 period exponential moving average for the very first time since we broke down the week of the 3rd of December up in the 289 area I mean 290s so this will be the first time and you're getting the MACD for the very first time we've still got another whole day and a half to go before the Friday afternoon four o'clock close on the weekly chart but the histogram is turning positive in other words we've crossed positive in the MACD at this point it's up 0.94 but the the week is young we've still got to go until four o'clock tomorrow sarcastic went under 20% went under 12 I think it actually went to 9% it went to 7% so at this point it's at 24% so there are some things here that are starting to to work but if you look at this monthly chart as in one foul move it's gone from a trough A huge trough A in the 180s from the 311 all-time high and then a bounce to the upside didn't even make a peak A and then plummeted down again so it's gone to a leg B in basically one big swoop to the downside of the monthly chart so this is just an attempt at a rally I'm using this just as an example because a question came up all right that's that so next thing so all I'm saying is this is a leg C it should go to a D we're in a buy mode but it look how it's struggled to go to each higher peak well the day is young but so far so I'm saying if anyone's interested in this yeah you could just know well you could start your position here but the biggest position should come maybe wait for D and then see where it pulls back but I'm just suggesting to you that that gap it might take a little while to full but at some point there should be an attempt to get back under 174 and it's at 191 right now so so far this is nice action and it's good action that's the reason why I'm saying there are certain areas that I want you try to get into and for subscribers and then I want to pull the position saying that there's a chance that some stocks might have seen a pretty major low even though we're going back towards that level to test it later on but that's the way I'm looking at I'm not sure this is one in that category but I'm saying these are the stocks I'm looking at all right enough with that and the question came in about Exxon Exxon yeah oh very nice the good statement there Pat says the Dow which is the world's oldest actively managed index I've got I've tracked it back to 1920 but I've actually written down I've got it on hand-charted paper okay all the way back to the 1890 level I think was 1890 so world's oldest actively managed index kicked out of kicked out Exxon mobile nearly two years ago along with Pfizer and Raytheon technologies you know I've talked about this over and over for decades about the Dow that they always make a move into something that is about at that point about to go uh much higher and then it just sort of disappears and then it comes back later it's I mean it's really hard for the for the board to be going to choose these things correctly but let's have a look there's Exxon down from yesterday's high not all-time high 170 105 oh 105 57 was yesterday's high the all-time high was oh 104.76 yes it broke it was that the all-time high oh look at that yes Suri it was the all-time high look at Raytheon RT of course Raytheon's changed as RTX it used to be um uh Raytheon RTX oh Raytheon used to be oh I used to know so well have a friend who who's a senior engineer there followed it first anyway made a peak e-high but look at that 93 down to 40 back in March of 2020 so yeah uh they changed to choose what was the other one oh Pfizer look at Pfizer and each one of these that I'm showing you now it's just recently been an all-time high so Pfizer hit the major major long-term inside track chappanwave resistance line goes right into it goes slightly above the intermonth makes an all-time high of 80 61.71 of course there's multiple multiple splits and now trading at 53 16 so yeah they tend to do that and in fact they put sales force back in just as maybe they put sales force back in they put it in um as it went up to its high then it went all the way to 311.25 before it punched 50 percent so yeah it's tough to do but I always talk about that you know what can I say now it's done 93 S&P's down 9 I'll be right back 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 published a 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 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reserve your seat today visit the front page of tfnn.com tfnn educating investors 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 we're looking at the one minute chart of the e-many just hit the 200-period breathing average once again i think there's an attempt at least to move higher my suspicion was and i said to subscribers that there's a chance that in the end by the end of the day we actually close a lot narrowly in a fairly narrow range waiting for tomorrow's news uh we are looking at uh leg b uh just begun a b oh it's actually leg c let me just do this summer so many of you asked me could i do some of this live so that you can keep learning about javenway methodology look single leg a up right here from that low that was made at about 10 12 this morning at about 40 90 goes to peak a then it pulls back and underneath it i forgot i i've lost for some reason i've lost the ability to keep the uh letters holding i have to now keep clicking on that so this is another a underneath the previous a this is another a because this is the low bar that started the whole move up and now the next highest peak from this lower a is right yes that becomes a b and then this becomes c and it's testing that look at this how long it's taken over the at the 200-period moving average my suspicion is it wants to break away it wants to get to the 417 area look at this big single leg a and failure mode in the 120 look at the 120 just it did so i i was asked could i please keep a fibonacci i usually put them on and take them off because i do visual things which pretty much does the same thing sometimes as a fibonacci but look look at that beautiful cup formation and uh look at this big spike that goes to peak d and e and it had a same the measurement this this low bar became the doji low bar of 2150 950 uh 950 yesterday on the 8th yeah yesterday um that became the midpoint of a move to the right side which took just an extra three bars to get to that peak d and then popped to e and that was a fibonacci number right there now look what's happened a sharp move down trough a trough b trough c and now this is attempt at a rally so these are all things that um i just parted parcel but the irony of the whole thing is that i can do this look oh i can do this if that wasn't the what i wanted to do that has all the notations written in right before we go on i will look at love for for the den i do believe i have a call i'm going to go right there right now we have a caller oh we have sharky from uh the massachusetts area hi how are you doing good morning basil how are you i'm well thank you yeah i'm doing a little bit better here wow you've had a tough time i know i hope you are doing better yep yep feeling feeling good now it seems like i've got this pneumonia thing under control now so we're we're on the menu so um yeah so this is how i'm kind of and maybe can help me wrap my head around this and stuff so uh listen to a little bit of uh uh justine legard the ecb uh you know uh equivalent of the fed chairman over here this morning okay and i did some research on oil and last night and just what's happening with you know maybe the prospects of china coming online now uh coming out of this thing um and uh you know their demand for oil is going to put a uh uh you know some pressure on the supply um and oil uh what i've researched is going to be you know making its way up um also one of the things that was striking about what she said okay about rates it seems like it's a coordinated effort by both the us and and the ecb central bank uh to raise rates and and to remove assets from the balance sheet and and draw that down um and you know she talks pretty eloquently about we're in we're in a situation now instead of low inflation and possibly static inflation we're in an environment now of high inflation and and because of um oil and other things food and stuff like that it's making it real difficult for everyone okay and and she spoke a little bit about the war and rushes aggression and how that has impacted oil markets and and food markets so where where are we headed here um it's the area um to look at still in in in oil or is there a pause here and i just kind of want to get your view on all of that so under under normal circumstances virtually everything we've looked at any of any of the energy sector any of the oil stocks i i'd mentioned xon just a little earlier xon is a little bit below yesterday's actually multi-year high cvx is another one this is chevron i went to peak uh i don't know if that's a b or an f uh the doji candle i'm always wary of doji candles at highs it just everything i'm looking at says there should be and there has been some kind of a pullback and i've spoken about this before we have seen a high level consolidation but we've not seen the kind of pullback where you can just grab say the sco which is the um multi-short crude oil pro shares um which i i love them when they were split down the uh three four dollar area another at 18 but just to grab them and say okay no this is a very difficult period that we're in because of all the the the factors that are going into making crude oil scarce at some point you get a little bit of an alleviation but the overall aspect of two i mean you've still got i don't know what germany's doing i know they're trying to cut back on the oil lines just get natural gas it just seems to me that this is an area that is still has the chance to have a consolidation but a high level consolidation in other words you just have to wait patiently at core positions you hold shorter term you take something off and then you wait to put that back to me that's that's what i'm looking at now because if i look at the us o uh that is the crude that's the us natural uh this is the us that united states oil fund lp it's unlike natural gas this thing is below the i mean if you go back this this has highs up in the 350 area uh back in 2011 so this is nothing what we're looking at the united states oil fund right now it's in fact just in a rectangle formation from the high of uh january of 2020 at 106 down to the low that was made in that terrible calamity when when oil went negative um the futures went negative at 16 dollars so this is just coming back but the real implication is the price the actual price of of of gas some of the highest levels we've ever seen here in the united states so that is going to have its own impact and that's the reason why i still feel that that for subscribers you've got to be very selective here having a big cash position there's nothing wrong with that so i don't know i mean the god i've heard her speak she's it she is pretty eloquent but i to my memory i don't actually remember her she's almost like an economist in that she's really good at the look back period what happens in the future i mean it's a tough enough if you're doing technical analysis but if you're doing fundamental analysis that's even tougher so i'm just saying let's look at the price and the price says yes we are kind of toppy uh yes all the oil companies are having major i mean if you leave let's just go to mro a marathon oil i mean look at the last move up and then it's stalled uh it had a spectacular move leg e in the monthly chart and a peak d in the dating chart and yet it's still struggling at 33.24 is a high on the made of i made the 31st it's just stuck in a range but it isn't breaking down can i hang on for the break i just got one you know one really yes i'm so we've got sharky holding on we're down 40 62 in the downhill we'll be right back discuss all these macro aspects 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 called tiger real estate llc today at 727 329 83 22 or email us at tiger at tfnn.com that's 727 329 83 22 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 whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes 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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc this program is brought to you by vista gold traded on the nyse american ntsx under the symbol vgz hi folks we're back with white chalk in uh massachusetts and what else are we looking at about you know um sd is is one that i i i talked to you know called you a while back and uh you know i guess i'd want to look at that i i just want to just your quick opinion on if the oil continues and inflation continues to go this way and in a macro view what what are the implications you know for the market as we move well summer and into the for those of us who lived through the 1970s with oil in fact i remember flying out going back to see my family in south africa um i we decided because we're the newborn son that we would uh i i i decide on a why that we'd have all stops and we took this pan am flight and uh we flew over the the west coast of africa the gold coast and that's where they have a number of oil for oil facilities and some of those cities there and i remember looking i i looked out the plane and then i said to the um uh to the hostess i said excuse me what's going on over there looks like a parking lot she says those are the oil tankers that are sitting there because these countries got so much money so quickly they started to build and build and build but they didn't have the facilities the docking facilities so they got all these tankers with concrete and everything those tankers are sitting out there and they've had to bomb some of them because the concrete is hardened they've been there so long it looked like a parking lot that was in the 1970s so um the the ramifications are really not good at all for everything i mean just from your petroleum products to everything so if crude oil at any stage actually starts to trade uh let's put it this way it's at 121 if it starts to trade in the 128 to 132 area for more than two three weeks not just a sudden spike in the give back that's going to have ramifications that we can't even be sure of and yes there's we've got two things we've got to decrease the container ships um they are in fact containers and container ships it seems to mean that they're kind of in a blockade right now there aren't people enough people to unload we should have used our national guard to just go right in and yep you would have paid the union workers at the same time but also included the guards we should have had them unloading ships for two years now we would have been done with that and now China's actually China's almost shutting down one more time so the implications are very negative so there's no question so to answer the question real simply a much higher price include all that holes will have ramifications on the economy there's just no question about it okay all right great thank you okay well thank you so much for calling boys love to hear from you look after yourself i hope you feel much better very soon all right well thank you very much god god speed and to you too thank you very much so folks let's just do this a couple a couple of questions came in so can i look at Baidu so remember i'm saying that there's been a spectacular runoff i mean percentage gains from 100 to 100 and almost 50 in Baidu that's a 50 percent incredible 50 game but wait a minute this is the stock that was at 354.82 in february of 2021 had a little bit of a dip to the 101 area you have 101.62 May the 12th here we are not even a month later and it's going peak A peak B peak C peak D and there's your e with a doji candle you can have a little bit of a rest here on the 200 period moving average yes thank you for pointing that out so percentage wise remember i'm i believe very strongly that is what you enter at and what you what what you make that's way more important than where it's come from and in this particular instance yep it had a a whopper of a decline ab that's your c yeah and now it's making a peak i can't do this consecutively gosh i i used to know it so quickly i'd be able to we haven't had this for a long time where it's suddenly changed and it's going to peak E there you are and it's in the in the in the week it's only a leg A and you can see it's going to bump into resistance spectacular move you can expect at this point that it becomes just a little bit harder for it to keep making the gains so that's Baidu the fxi which is something that i spoke about earlier on i said there are enough american stocks that are giving you giving you really weird things why go to china but if you're looking at profits a profit is a profit i see nothing wrong with that so this and and fxi the china large cap etf made a peak yesterday it's pulling back could digest gains for a little bit here so a couple of things we need to talk about vix index trying to make it as simple as possible there it is how important is the 200 period exponential moving average that's how important it is one two three four five six since six days ago is trying to test the 24s it's at 24.47 it's just stuck there it isn't actually running sharp it is up 51 cents at 24.47 is the volatility index month a daily chart uh yes uh down's down 130 sbs down 14 and yet this is only up 48 cents it is up 2 percent that that does make a difference excuse me tomorrow at one o'clock today right now is at 10 minutes to uh just about 10 to 11 it's called a 24 hours from now during my show tomorrow if the volunteer volatility index is up over 25 60 or actually touching 26 as the as the market just tanks and we're looking at the down down 450 sbs down 80 that is going to be very negative because what it's saying is it's taking the 200 period exponential moving average and moving away from it on the upside and breaking all six or seven bars worth of trading and it's trading up in that area if by Friday or even Monday on the other hand if there's something that is just like rather than light at the end of the tunnel which is the train coming along if instead we're looking at um some amelioration of the tension and the dowels are able to move whatever it closes at today if by tomorrow at this time the dowels up 180 to 250 points and holding very well not just a spike in the at 830 and then a drop but is holding very well volatility index is a 2370 or lower i'm going to suggest to you that there's a chance that the market just has a really good week of relief rallying we'll have to deal with that if that's the case in terms of saying what is going to work what has worked and is coming back in other words do we suddenly see the slx the steel sector come alive again well this the way it's come down here says at a peak e way below below the 70.43 18th of april high that's going to be tough amazon let's just go through these a lot of people ask me about these things so this is doing now amazon yes it comes off the low of about 101 and spirals to the 128 area wonderful percentage gain this is a stock that was trading at uh where did i put it right there it was hey if i don't know oh it's split of course it's split um i have to now to give you the new number i should have typed that in uh of 188.65 in july and it went all the way down to 100 i mean let's face 180 down to 100 oh that's a big move but look at that nice move to the upside so you want to see by wednesday of next week amazon trading at 131 or better you want to see uh let's go to facebook oh they already changed the symbol sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also 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basis um yeah facebook changed its name to meta i don't know i i took it took me years to get to say meta so look peak c1 c2 c3 c4 at triple top right there in the um emini and that whole cluster formation from 10 to 10 and at the 200-bit moving average and then it arches over a hole's nice thing goes to peak A and I said underneath it's a peak A then another one then B and C but look what happened the 200 period moving average it couldn't hold above it it's using that and it couldn't break above a new high to go to a D and now it's turning down to make the arch formation look at this for a beautiful left side right side price time match you can learn these techniques maybe tomorrow I'll do a whole thing just kind of showing these techniques in real time so here we go look left side right side beautiful plum line I just wasn't able to do this during the show but tomorrow maybe I'll take time but look at that it's one ball late is that not a fantastic technique look at this there's your plum line right there boom same number of bars to the upside same number of bars to the downside you remember people always say oh it just crashes to the downside no same number of bars the arch and cup formations are so important if you can learn them it just really helps you so just sum up I don't like what I'm seeing was have to know what's happening tomorrow we've got a bit in for one of the indexes actually three times long one of the indexes on a on a serious pullback later today and even then we've got a tight stop and if we can survive into Monday or Tuesday there are a lot of stocks that are really worthy and waiting for a pretty decent second phase to the rally the start of the lows that were made in May so that's what I'm looking at as I said today I think that will close it will maybe even come back from but the dog from earlier in the debate today later in the show after about 3 p.m. and just sort of like when the Fed does the Fed speak at 2 o'clock on Wednesday but if the market's sharply high or sharply low it just kind of utilizes as it gets into that announcement we might find that we have a wonderful day sitting