 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. This is The Tiger Technician Hour on this Wednesday, the 3rd of August. A couple of things going on right now is that the peak segment of May, remember the Chapman methodology objective is to always try to get you from a buy signal to upgrade to a buy mode with the implication that there should be at least four higher peaks. The implication being that the tide has changed from down to up and that the tide rising should lift whatever the vehicle you're trading to at least four higher peaks if there is an upgrade to a buy mode. At that particular point, other things can happen. You could have the sharpest pullback. Let me just show you the diagram right here. It goes. Okay, move that away. There it is. So within the context of looking at the tide, what we're trying to assess is have the technicals improved enough to be able to have the momentum build to the extent that you go to a first peak alphabetized A, one penny above that goes to leg B, turns down, makes a peak, that becomes a peak B, one penny above that starts a leg C, and that continues until the fourth highest peak peak D. In the alphabetization of the Chapman wave, you can go all the way to a G. There's never an H. In other words, seven peaks. When it recycles to another peak after that, you either have something wrong, you have an instant restart, or you just have to go back and see maybe you missed one, but there's never an H. So that says at D, my expression is other things can happen. Well, within that context, what are we looking at? We're looking at in the daily chart of the Dow, right here. We've gone, it's in a little slow because I've got so many things up here. Oh, this is, this is Baba, Alibaba group. I've got it in the daily, weekly, monthly. And you can see what it did do. It went to a peak D. This wasn't what I was going to discuss. In fact, I was going to the Dow, but look, Alibaba went to a peak D right here around about the 12th of June. It pulls back very sharp. That's another buy mode and goes to peak ABC and even goes to a D. Where does this stop? I mean, I couldn't have made this up. This is what I'm going to be teaching you my webinar week from today. The 200-period moving average in Alibaba, Chinese type of Amazon stock is, look at this, when lost, did it even touch the 200-period exponential moving average in the work that you do? Did you even have to notate that there was a 200-period moving average? Because the last time it hit it, I'm just scrolling to the left. Scroll, scroll, scroll, and there it is. It made a high, a 269 round number high, a whole series of highs on the 200-period moving average back in December, January, February of 2021 going to 22. But the high was 319.32 on the October the 27th of 2020. Oh, so that was all 2020, then 2021. And what it did went to a peak E with an arch formation and the 200-period moving average for the first time in a while was touched right there on the 10th of November, 2020 round number 280.00 was a high and it hit it and that was it. In a couple of times it bounced up above it, but by the time it got to February it was really getting close to Sayonara and then it was just Sayonara. Since February of 2021, it hasn't even been close. And all of a sudden we're looking at it today. This is August the 3rd of 2022 and we're looking back and what did it do at 121 something on the 8th of July? It went to 125-84. So it's been all the way down from the 300s down to 73. Had a big spike failed and came back and when peak ABCD pulls back, has another peak ABCD, hits the 200-period moving average. And remember the closer you get to it the more of a magnet. I'm going to be teaching you about magnets. What does a magnet mean? It means it's an attractor. What happens when it hits it? Can it become a propellant on the way up or a repellent again? Does it lose its affability? Does it move its veracity? Well, those are the things we're going to talk about. And here you are in this arch formation. It's up 80 cents right now at 93.42. That's not what I was going to talk about. I was going to talk about the dowel which made a leg D right here and then a peak D with a doji candle at 32,972 three days ago that was on August the 1st. And that's where we became only what happens is if the buy mode is so strong that the technicals are saying, hey, you can pull back here, but it's going to take our whopper of a move down to change the direction. All you have to do is, I like to do this as money management. We took a little bit off our diamonds and just a tad and what is a tad? It's like maybe a 10% off, between 8% and 12% depends on your own feeling about money management. Some people didn't do anything. Some people are still holding it saying, hey, this still looks really good because the week decided to attack its resistance area, the Chapman-Inside-Chap repellent zone. So here we are in leg D. Wait a minute. The S&P went to a leg C with a doji candle. That's the official count, every once in a while. If in one of my technical tools there's a little hiccup and there's a parallel high for two bars within really just fractions, there's a chance that you could call that a phantom peak just so that you're ahead of the game when you get to that peak that says it should be C and if it really is a D, you want to just be ready for it and that's where you also want to do a little money management. Well, the technicals were really strong. The statistics at 93%, that's what you want to see. That's what I'll be teaching. The magnet needs to go the 90s way above the 14, the price is way above the nine. So I said, let's just do this. I made it pink or red in this particular instance. I made it pink where the price was in the S&P and these are subtleties. You don't have to have these subtleties because I use them as just a heads up to be ready. So at 3801.79, the next day's high was 3802.58. Less than a point, when it's at 39,000, it's less than a point. So I said this could be a phantom peak. If that's the case, then this A is really a B. This B is really a C and this C is really a D and all it says is just be ready. It's like a heads up. This might be happening, but the way it's holding right now, I'd be rather reluctant to call it anything but a C because 4144.96 will start a leg D an official leg D and I today's 4152. Really nice action. Back in a moment. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. 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Live programming hosted by a variety of professional traders during market hours, the Tiger's Day. Available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. So, whenever I do my webinars, I like to do live charts. Now, I'm showing you here, the Dow, right here. This is the Dow with the daily on the left. Right there's the daily chart. Here's the weekly chart. Here's the monthly chart. And here is the 120-minute chart made a peak. What is that? 120-minute chart. Yeah, so it's made a G and it's pulling back from the G in 120-minute chart. But wait a minute. To be able to teach a course and do it live so that you know exactly what we're looking at, and that means that you've got projections that you have no clue whether you're right or wrong. You just have to use your technique. That's why it's so important. I like to do this. I like to do it with basically a one-minute chart like it was the 120-minute chart, let's imagine. Then you can use the two-minute, the five-minute, the 10. And those are all the different time frames. And if one time frame gets the top, but the second one, the longer term is still looking very good, it means this could be a buying opportunity. So the way to look at it is you need time frames. You need the Chapman Wave methodology here. And look what happened. What did I talk about? D is the most important because it can go higher. But at D, you need to assess. Well, I put this in. People in the den during the commercial saw me doing this live right here. I couldn't believe, in fact, that this technique was working because I opt out of doing anything because my show was coming up. I've got so many charts up because just whatever is being discussed, I want to be able to either go to my upcoming webinar, notations, just all sorts of things up. So this is a very full Windows application. So I looked at this and I said, wait a minute, that was a beautiful PGD. I've got a left-side, right-side price time match. And lo and behold, it went to a brand new, I didn't know that it was an A because if you look at this, it went lower than the initial buy signal in the one-minute chart of the e-mini before they went to D. So that has to be a brand new buy. And I thought, how can it hit the 200-period moving average exactly for two bars, three bars, and then boom, it took off. And I went to a B and I'm thinking, in this environment right now, I'm thinking that today should still be part of the consolidation from the PGD in the Dow and the S&P. So let's see what happens. Lo and behold, it comes back to the 200-period moving average. Then it makes a gray A and a B underneath the previous B, exactly. So that gets counted, but I usually call that gray. And that means it's really important because if you break out to a new high above this, that becomes a really, that's like an overlapping wave. That's like a, like, where two streams are coming together and becomes even more powerful. And lo and behold, it goes to a C. And look at this. If you use the technique that I discussed so often of this nine, the green moving average, look at that. It keeps you in the trade. And what does it do? It actually goes to D. And then what happens at D? Little doji candle. Boom, it pulls back. And where does it go back to? It goes back towards the 200-period exponential moving average. But in this case, it's the first time that it's got a coincident high of a peak E with a doji candle in the five-minute chart. That's what I'm saying. You can use different timeframes and it really helps you. That makes this pullback a little bit more serious because there is an E in the five-minute chart. Okay. Let's go back to our story here. We're looking at, I don't remember how far I got. Oh, the S&P. Look at the QQQ. Now, the QQQ, this is going to become a little bit of a mixed picture in the sense that the Qs now have, and PayPal is in the QQQ, the NDX100 trading vehicle. And it's had a fabulous day today. That's helping. But I suspect that if you really look at it, you've got quite a number of tech stocks that have done quite well and are having some kind of a pullback today. So in a sense, what I'm looking at a very quick D to E still says you've got to be a little bit careful, even though we are along the Qs, the TQQQ three times long, taking a little bit off because that's a trading vehicle. We want to, at some point, I want to get into the Qs as a position rather than the very volatile one. Coming off of low is fabulous to get into those because the percentage gains, 28%, 32%. It just comes along very quickly. But then what do you do? So I'm preparing my subscribers for the then. What do you do? And here we are. We finally got their D in 120 minutes in the QQQ. It says, at this particular point, it might be a little bit more of a struggle going ahead for at least a couple of hours. So that's the way I'm looking at it right now. But the tide has turned in the daily. The weekly, from a bicycle to a buy mode has reached its goal of above 314.46 in the cup formation. And there it is at 3, what's the height today? 320.42. The 200-period moving average is all the way up at 327. I don't know if this is the move that's going to get it there. I think we might have to have a pullback and then we start to move up. Meantime, back in the ranch, she has the Chapmeet inside track. We're going to be talking about that in my webinar in great detail because it is so important. It's also a falling axe formation. But what we're really looking at right now is that leadership at up 1.44%, up 459 at 318.91, says that the cues with that whole area that was just decimated over the last seven months, six months let's say, has had a month where a lot of the very, very volatile tech stocks are starting to find some support for at least a pretty decent balance. And now what we're looking at is IWM. This is a leg D still. It's extended that leg D for about four, five sessions. Actually six sessions since peak C. And we'll see what happens here at this D. And here again, the left side target was that area of 190. I think it was 192.43, 190. Did I get that wrong? Oh, 190.94. So that's something we're looking at. We're at 188 right now. And it's getting close to some kind of a digestive phase as it bumps into resistance. And if you're looking at, I'm going to go to the estimators. And the most micro devices had a disappointment last night and pulled back quite sharp. I don't know where it is right now, but all in all told, I'd been saying that the semiconductor, we are along the semiconductors, the estimators had been so badly beaten up. And my thinking here is that there's a real good chance that the chip that the chip shipments are going to start coming on very soon. And then we will have to see how it alleviates some of the volatility that we've seen in so many other sectors, like the autos. Talk about volatility. Talk about the autos. Look at this. Ford is saying, what semiconductor scarcity? We've gone from 10.51, 10.61 to today's high of 16.15. I would say 60% again is spectacular in Ford. And that is really a good sign. So it means that any consolidation, if it went back to the 13s, still has a very nice deal for lows. If you look at General Motors, General Motors is trading right now. Come on, General Motors. General Motors is up $1.22. And let me just put this right there. It is in leg. That's COT. I think it made one kidney difference right there. So we went from 36.98. Yeah, there it is. This is leg D. So many leg Ds. 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. David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, 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. Right now, we're offering licenses available at only $79 a month. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. Hi, folks. So just using the chapwave technique and what I'll be teaching. Look, in general motors, if you go to the left side high of 39.64 on the 1st of June, it comes down sharply and it makes a low at 30.33, I think it was. Yeah, 30.33 on the 5th of July. If you use this low as your plumb line for the cup formation, that is the quarry, that is the quarter of a semicircle on the left and you do the same thing to the right, you get that high at 39.33, I hope so, that was the low, that's high of 39.54 as a target for today. Well, that's a mathematical formula. I'm very visual, so I would have chosen that. In fact, I did, I don't know why I took it away, but I did just briefly had taken it and then I sort of left it alone. I thought, ah, in these conditions with general motors and forward moves that sharp with the chip shortage, well, let's face it, they did. Well, look what happened. Today's high is 38.19, so it missed by just over a point the exact time, but all you need to do now, and it is leg D and I always say a peak D underneath the previous major peak, I prefer to see leg C going right through the previous high. So this is, now you've got to be a little bit cautious, but wait a minute, the stochastic is 94%, the magnet is good. So what I'm looking at here is shove wave inside wedge target resistance line suggests the same sort of thing, but what we're really looking at here is that I could, now at this particular point it's done almost everything you wanted, it just hasn't quite gotten there. Now you've run out of time, so now you have to find a candle and that's what I'll be teaching as well in my webinar, which candle and what are you looking for now to be able to move the plum line? This is the plum line and what is the plum line? Let me just go to this here. This is the plum line, this is part of what I'm doing, preparing for my webinar. The plum line is the midpoint that you try to identify as something well long. The target was 5237 by yesterday if we use the exact plum line and I didn't do this because that wasn't the purpose of this particular slide. It went to what? It went to 50.71. So it's listed by a point and a half and it's a day late. So now you look for where would I move the plum line? Often you're just trying to develop techniques that give you a heads up on what you're projecting, right? It's not like, oh my god, it failed. No, it didn't fail. In fact, it was fantastic. It gave you the quarter of the semi-circle on the left for the boat. Here comes the right side of the boat to the hull and here we are. So it's amazing. It worked fantastic for one that we got stopped out of when I did something dumb. Look at that left side. Look at that beautiful cup formation and in fact, I'll show it to you live here trying to get back in, but we haven't succeeded. Look at that. I did a plum line right there and my target was to today. I've got one more day to go and the number of bars on the left equals the number of bars on the right based on the left side low in this semi-circle. And it also just failed. Oh, that wasn't the one. I just did general. I said, gee, this looks like the General Motors chart. No, it's this chart right here. Yeah. So this did everything. I mean, I chose, I did the drawing. This, all of this, nothing has changed. This is exactly what I did for subscribers. I even showed you the Chapel Wave inside, inside track propellant zone that it held. I showed you the 200-period moving average which became a springboard, everything, except I tightened the stop just to tap too much and instead of holding it all the way through to today's high of 102.21, we got stopped down. So that's a real shame. And it is in legs here. Look, 101.71 was the left side target. I did all the drawing, everything. And that's what you're going to learn to do. Does it have to be as complicated looking as what I've got here? No, I'm going to make it as simple as possible. In fact, I'm going to show you that you can just type in the number that you're looking for and then close your eyes and wait and see what happens. Okay? So that's part of the techniques that I'll be doing. All right, let's get back to our story here. I just wanted to see, I had that signal from the peak D-top. Yep, there's the peak D-top. There's your dreaded H-pattern. What's the dreaded H-pattern? Within the context of all the patterns I look at, there's only three major real core lines, straight line up or down. There's your straight line down. Then a cup formation or an arch formation or a combination. And here you are. You've got this as a combination. It looks more like a V inverted V. And what did it do? It went up and it went down. So if you don't have semicircles in your toolbox, that's okay. What you need to do is you can go up and down. And that makes the 200 period moving over the E-mini at 41.19 really important because it was so straight. Under that, it means your fabulous 200 period moving average support has failed. All right? So this is live. There's nothing here. I can't make up anything because you're looking at it live. You're watching the chart. You're watching it now at 41.20. It doesn't go to 41.18 in the next two bars or so. And that'll say, uh-oh. And not only that, I didn't have a chance to do it because I've been talking. What about using the same technique to the left side, for the left side, right side, price-time match? Well, let me just do that live. I mean, after all, these are the techniques that I'm talking about. There it is. It plunged right through. This is live, folks. There's nothing I can make up here. This is what I do all day, but I'm not doing analysis for subscribers for the next days. My positions that we want to have. I do this. Look at this. Left side, right side, price-time match. Boom. Make that pink, stays pink. You don't have to have all these colors. I'm just doing this because it just makes it much easier for people to visualize, right? Oh, come on. Just a little slow here because I've got so many charts up. And lo and behold. Oh, I apologize. It is one bar late. It's a minute late. What can I say? It's a minute late and it took out that left side low. Is that a technique or is that a technique? So these are things that I'm hoping to be able to show people who do technical analysis. Look, do you need really to be able to count the waves? A, B, C, D. I love that if you can do it. Look how easy this was. Peak A, peak B, peak C, peak D. There was no obfuscation. Peak D is what you expect. That's where other things can happen. Boy, did other things happen. It took a dive from 41.36 down to 41.15. I would say a 20-point decline in such a short period of time can make you quite a bit of money. So that's really important to bear. So I can find some support to see if you can retest the resistance which was supported now through resistance of the 41.19 area. Okay. This is all live. There's nothing yet made up because there's nothing that can be made up because I need to be able to show you the veracity of a technique that uses these particular aspects all the time over and over and over. Going to have that out of the way. Now what we're looking at is the questions have come in. So did I finish? Let me just finish this. The TLT made a peak E if there's no new high today. It went to the left side, right side. So this is what I like to teach. There are narrow rectangles that can last a lot longer than your patients. And there are wide rectangles that if they find support and start to make higher highs and higher lows or lower highs and lower lows, then you're looking at the chance of a Chapman wave bi-signal going to a bi-mode to at least a peak D just under, right on, or just above the previous high. And then if it takes out the midpoint, I've even drawn this in, the midpoint of the rectangle formation which has this lopsided cup, the cup I call the gravy cup because it's lopsided. Then you've got to look at it and say, oh, wait a minute. There's something going on here that could be very important. And look at this. In the weekly chart, the TLT, all it's done is a leg B and all this time, it's managed only to get to, and in fact, it's still under the 14 period moving average. I'll talk about it when I return. That's up 179. That's the visa of 29. We're talking about the TLT down to 28 cents. 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This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. So, folks, let's do a couple of things here. Oh, we have a white shark in Boston. Hi, Sharky, how are you? Hi, how are you, Basil? Yeah, I just wanted to try to look at, it looked like A-B-E-O was kind of in a rectangle formation and I don't know if it broke out of it and I don't... I'm just trying to think about an entry and stuff and your thoughts on it, Basil. Can you give me the symbol again? What's the symbol? Yeah, it's A-V-E-O. Oh, A-V-E-O. Oh, A-V-E-O. Okay, that's got that. We've got that A-V-E-O. Yeah, so this is a pattern that I talk about a lot and especially in the futures, it's unbelievable how many times this happens. You make a peak D or E and then you start a pullback and this is A-V-O which is A-V-E-O pharmaceuticals and these mini biotech stocks some of them have had unbelievable work. This has gone just in the last month or so. It's gone from the 4s to the 7s. I mean, that's a... 80% gain, fabulous gain. So now what we're looking at is this peak D technically should have had a down arrow but I was watching it and the 9 was so strong that it never really gave that signal. So I didn't have a look at this over the last few days. It was on my list it's been spoken of quite often and I was going to do this and say, hey, this is one of the most fabulous patterns that I look at all the time and it's basically the rectangle formation but within the rectangle you've got a cup formation and usually what this does is it goes back to the previous high. It doesn't always go to a D but if it does it goes to peak A, a peak B, a peak C all under. It's amazing because it's all underneath the previous high and this is the previous high was at about 750 and this is now trading between 750 and 653 you would never expect that you could get a peak A the gray A, oops, I've got to capitalize it, it's on the upside, A then a B and then what's the root of thumb in a rectangle formation that starts to form the gravy cup that in fact it can go just under right on or just above the previous high and then you've got to be careful that's kind of what I'm looking at in the TLT then the root of thumb is if it takes out a half of the rectangle formation on a closing basis be careful because not only could it touch the left side alone in this case 652 or so it could go even lower but what's even more important is I do this I can't remember, did I have this as one of the positions that we were looking at to buy I think so, that's why I did all the work in the weekly chart it made, I can't believe this it had a left side, right side price time match, folks this is not planned I had not a clue that Sharky was going to call, I had not a clue that it even talked about AVEO to tell the truth it was completely off my radar at this particular point but I had drawn in a left side, right side price time match in the weekly chart at 755 November of 2021 slides down to 306 then double bottom the H pattern, the double bottom H pattern at 307 and then screams back up to where today's high of 757 this is the week of the matching time frame look there it is, I haven't changed a single thing and there's the Chapman Wave inside wedge target resistance so it's met all the criteria are you looking, are you in it are you looking to get in and what's the story and to get in but I was looking for it to come back at the bottom of the triangle of that one test you know, test on the daily that where it's touching the triangle there I was looking for it to come back and then just see how it did if it went so if it's busted down through the triangle so a couple of things, in the long-term aspect this is the stock that had a spiral up to 18 in one month and then plummeted down it went from 6 to 18 back to 6 in the same month so that tells you this is a I mean I would have taken one look and said whoa, looks like a biotech to me well it is a biotech so it's done everything that you would expect now comes the most difficult part because it is in a because it is in a in a bi mode in all time frames in all time frames up to the weekly that's the 120 minute shot the daily weekly not the monthly monthly is still looking very poor all I can say is risk reward and on a $7.41 a cent stock even if it even if it pulls back to between 6 and 5.50 which would be a huge percentage so far everything looks like it wants to go a little higher but how do you trade that and that's something in my webinar on Wednesday I'll be talking about that as well now it's very difficult it's exactly what happened to us with CF when we had a great position everything was great and then I just I did oh I don't know why I did it I changed the stop a little too tight got stuck down and then it did exactly what we wanted to do so all I can say is the risk is there if you're a very long-term buy-and-hold person then I'd say you know what nibbled here at $7.44 but put it in much better by $6.30 that's where the real entry point would be but you can watch this go to $7.50 or $8.00 because it's in a buy mode look at this I think it's used up a lot of time and if you measure the high that was made I don't know if you know Tom uses volume when he looks vertically and he looks at the chart he says oh the volume and he matches the volume I do the same thing but with my MACDs stochastic etc so the on-balance volume made a high there and today the on-balance volume is much lower the MACD is much lower stochastic is 76% so it says it's just running out of strength it's great in stock but short-term so let's have a look at it together and I'm just saying to you I can't give you a number right now because if it takes out $7.13 on a closing basis it probably could go all the way back to the $6.50 so let me just see what's going on here I just risk reward it's just too difficult other than to say it's in a buy mode why are you even thinking about it just start your position just because it's a little toppy that's all so I like it but I'm just going to be so I hope it helps it doesn't help you at all well I'm saying here's hold on because the risk reward now is just a little bit more than I would be prepared to accept thank you for calling I appreciate that absolutely thank you that's what I call that those are my thoughts and I was like I say I'm going to come back towards that $6.00 area or so whatever thank you so much we'll watch remind me again if you can thank you very much for calling so folks let's just do this let's go back to the tier bye bye we're looking at the TLT and the TLT is making a leg E probably a peak E this is different in the sense that if you're looking at the previous high peak D remember how important peak D is high peak back on the 27th of May look at this the MACD was good the stochastic was good but it immediately turned down from over 80% to under 80% on balance money was turning down now what we've got is that the MACD is strong the 90s way above the 14 the stochastic still weak is a 74% and that just says to you and I I'm still sticking with my theory that rates are still slightly higher the hand moves slightly higher now they're sorry to come down a little bit but now I think they're going to be stuck again just this kind of sideways move and that tells me that the 115 areas going to be really important for the TLT because if it breaks a hundred and four closes under 114 at any point in the next two weeks or so that's halfway into that rectangle and that says whoa be careful you can come down quite a bit more and the rates are going higher so we're right at a really a cusky moment I'll be back in a moment down to 222 that's a piece of 35,000 chapter are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and markets allows him to consistently find and share winning trades support and resistance define the ranges in which stocks trade by understanding these trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money-back guarantee take the path of least resistance at tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman 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 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 the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report 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 I did post a question in S&P I've got a CD I've got ZM Zoom Video Communications I've got it up it's doing nicely today up to $2.83 at $110.93 I think these just horrible stocks are showing some kind of strength and I think that might last just a little longer and then we're going to get the big test of what happens next and that says to me I've got to monitor this the S&P will it make that leg D today even a peak C1 C2 will count and that just says I'm ready for some kind of just a digestive phase for a few days maybe into early next week or maybe just a little bit this week we'll be watching it closely and in the meantime back at the ranch the S&P is holding quite nicely so I'm going to say I'm wrapping it up now I'm not able to do the next hour and certainly I want to get on with preparing for my webinar questions have come in you know I can only do what I do there is no fancy title to anything it's the Chattanooga methodology there's a technique that I've developed over the years decades with not hundreds of charts thousands of charts trial and error some of it as I say is mathematical some of it is autistic look at the little doji low that was formed right there when we're talking about that arch formation beautiful arch formation exactly one minute late in the time frame and it got to the exact number and now it's starting to rally and it's walking the 9-period moving average and it held the 200-period moving average after about 12 sessions of testing it so that says the next time we break the 41-20 200-period moving average that 415 low 415 to 41-14 that's going to be really important support but there are enough buyers I mean we've gone to the Taiwan thing and people seem to say okay well things are okay so now we're going to be watching this very closely in the meantime back at the ranch all I can say is if the Dow is able to hold over 120 after 130 this afternoon this could be a good close that'll be important and I'll be back tomorrow check out my front the front page of TFNN how do I enter what do I do what is it that ramp is looking for