 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 internationally at 727-445-1044. Now, Basil Chapman. Hi, everyone. Basil Chapman, Tiger Technician Hour. My pleasure to be here on this Friday. And it's a pretty serious Friday. I can tell you this. Look at the down chart. Look at that. Yesterday went all the way down to 25,517. Rebounded very strongly on some optimism. Caps down this morning. It makes a new unrecovered low at 25,469. 200-period moving average at 25,35. Right. Technical Friday, but I need to get into this for three reasons. One is Friday is the day, the very first day for some of the indices that could be a weekly peak C. Number one. Number two is the daily charts have had some severe technical damage. It's going to take a lot more than just some kind of news to turn it into a V-shaped recovery. I just don't see that. I see an arch formation potential over Seoul situation with some kind of news coming out in the next couple of days. The big bounce, but then we come and do some retesting. Number three is this is the first time for many of these indices that the monthly charts have seen a red candle, but a big red candle similar to the ones that we saw back in February of last year with the January high in the Dow at 26,016. And then the October, it was September for the S&B, but October high for the Dow at 26,951. But we're not even halfway into the month. This candle can change a lot because my target was last week when I sent out my report to my subscribers every weekend. I always send out this report showing the Dow, all the different time frames and what we're looking at, worst case scenario, good case, et cetera. Nine period moving average was an initial very serious decline towards the 25,500 in the monthly chart. And the MACD hadn't crossed positive, but the stochastic was running quite well. So let's go into this in a nitty gritty way. I just do a quick review. The Dow is down 290 at 25,538. It's in leg D in the Chapman wave methodology. I meant to put that up and I didn't put it up. So okay, we're looking for four peaks or troughs. We mainly look at the peaks on the upside. We use technical analysis on the moving average, et cetera, on the downside, plus left side support. In the meantime, back at the ranch, we made this cup formation double top at 26,695 on the 23rd of April. 26,689 was the retest six days later, seven days later. We had already been short for my subscribers. We went short on the 22nd because there were a lot of indications that MACD was starting to turn down and the stochastic was not as strong. It was very good, but not as strong as it had formed the M-shaped pattern we always talk about that said if there is a failure, it's going to happen very soon. You never know that you just do your technical analysis so far from that high of 26,695. We are down over 1200 points. It doesn't sound like much, but you know we actually went from 21,700 to 26,000. Let's call it 700. Hey, I would call 5,000 points straight up. A pretty big move. Now, this is the first deep correction we've had. We went from 26,241 back. Was that in March? Yeah, March the first. We went high and then we pulled back to 25,208. So that was 1,000 points. This is now more than 1,000 points. And it's at a peak C. Just on a purely technical basis, this is technical Friday. In the Chapman wave methodology, we have a pattern that I call the squash. I should have typed that in over there. Squash. Does it work every time? Well, it works a lot. And I'm talking about a lot over not 10 charts or 100 charts, but really thousands of charts over at least 30 years of looking at this particular pattern. And what it does is it says that the the magazine is turned up with price making a kind of a V shaped pattern low. The stochastic has raw to the upside and stochastic and on balance volume or what turn up sharply. And that talk that that that initial up thrust is the purview of the stochastic. But then once it gets to peak B, and it usually makes an A and a B fairly quickly sharp. But this one went all the way for weeks and weeks. I think it was about nine weeks or more. And it went up to 26,241 in the weekly chart of the Dow, up to 20% at that point. And then it pulled back. And then what's really important about this is the magazine didn't even blink. It just kind of flattened a little bit. And at that point you want to see the stochastic flatten out. But the magazine is fast moving average. That's the nine-period differential. I call it the green line, fast moving average takes over the momentum. And that should take you to a stochastic tasted to a peak A and a C very quickly. But then the magazine has to take over. Well, I can just tell you this that if the magazine, which has not turned it's turned down, but it hasn't crossed negative yet. If that starts to cross the red line, the slow moving average, that would take about another, I estimate another 300.375 down. And then that mag D will have crossed negative. And the stochastic, which is really strong at 89%, would go under 80%. So, so far the weekly chart, even though it's a sharp pullback, even though it's under the nine and the 14-period moving average is still looking very good. Okay. And the monthly chart is showing not even halfway through the month a big red candle. That's all we can say. Now let's go to the S&P. Yes. There we go. S&P, a leg C. A leg D to the downside. S&P's leg C. And it made its top on the 1st of May at 2949.52. The Dow made it on the, remember the 23rd, there after we went short. And this has made a peak C. And it's only now testing the 14-period moving average. It went under it, but it's sitting on it. That's good action. The monthly chart, once again, I have to say the same thing as the Dow. It's actually an outside bar, meaning it's made a higher, higher than last month and a lower low so far. But the month hasn't even closed. So what I'm going to look at here is saying that the resistance is around about 28, it's at 841. Resistances at 28 on a very short-term basis. I'd say 2850, 820, 865. That should be, if it goes above that, we could have a stronger rally. I'm suspecting we're getting so oversold. It won't take much news to actually have a decent balance. The QQQ, NDX 100, let's finish these off in this particular time. The QQQ and Leg D to the downside. MACD is expanding as it's coming down. I think this is the area that has the greatest vulnerability, just in terms of having such a spectacular move. It might need a little more time. Maybe not all that much more in price, but maybe a little more time. Sycastic is only at 27%. It hasn't gone to the teens yet, I think it will. And the MACD is very negative. So at 182.20 mL this morning of 181.03, it takes you underneath. Let me look to the left side. Yep, it takes you. No, it hasn't closed that gap yet. It hasn't gone under 18.77, the gap up high of the 1st of April. All right. So we know what we're looking at there. And the monthly chart, the monthly chart went to all-time highs. That is a good sign. It says that is a peak C in the weekly. You should go to a D. And the monthly chart is either an A or a G. I think it's an A. We'll deal with that as soon as we get back. Basel Chapman, Tiger Technist is out. Dahls down to 250. Good comeback. And the S&P is down 29. I'll be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, president of Taz Market Profile, the Taz Profile Scanner understands that in today's technological world, the use of top-flight software applications, automated trading algorithms, and technical analysis expertise is essential to successful trading in today's market. Whether you're looking at the trade matrix, the ETF heat grid, the market breadth, the landscape charts, or the many other features of the Taz Profile Scanner, this is a piece of software that will revolutionize how you look at the markets and set up your trades. The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner, which you can find directly on the Taz Order page at TFNN.com. Sign up now for only $97 a month with a risk-free 30-day trial, so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of TFNN.com today, and you'll find the Taz Profile Scanner under the Services section. Remember, with a 30-day money-back guarantee, you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're a professional or a professional, and you'll find the Taz Profile Scanner under the Services section. You can also find the Taz Profile Scanner under the Services section. You can also find the Taz Profile Scanner under the Services section. You can also find the Taz Profile Scanner under the Services section. With a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions, we even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. This is a very, very, very, two-minute chart. It's turning at 2847. Right now, minus 25. It made a deep cup formation. It's really like a ball formation. Made a low at about 11 o'clock, at 2826 or round number low. That's good. Then it goes to peak A, peak C, C1, C2. That's a double top. Comes back down, starts to brand new move. A, B, C, D. Now it's gone to D right at the 200 period exponential moving average. Nice left side, right side price time match and we'll see if it's going to be able to move now. If there is any use here that the market perceives as just even reasonable, it's so oversold they can have a really sharp balance. I just wanted to show you Uber. Uber came public this morning. Oops, don't type it there. Type it right here. Uber. And they're so lucky they've got this four-letter name. Uber. What do you have to hunt for? You've got it right here. Oops, Uber waiting for data. What happened? I don't like this. Something's going on. U-B-E-R. Uh-oh. Uh-oh. I'm going to have to move away from that. Can we do it? We'll try. Okay, we'll be back to Uber in a moment. Most importantly, we want to be looking at you. So we did the Q's. We did that with the IWM. The IWM was showing good relative strength two weeks ago, going into the right now. Thursday Friday have lost me. But it has pulled back quite sharply to the 200-period moving average. I didn't have time to really get into it. You remember, I said, I don't understand this peak C. It just doesn't make sense. Something's wrong. I'm going to have time. I'll take a moment to see what it is. This is called the Chapman Wave unconventional flat base restart. Now, that's a long title. The title's there for a reason. Why? Because the same instant restart at a peak D within three bars to make a new high pattern is formulated right here. I'm going to show you something in a moment. I discuss this. I couldn't remember the other day which charted was, I believe it was the Eurodollar. I believe not. Oh, my goodness. Was it the USD? I had this old plan. I wrote it down. I wrote it down. I wrote it down. Books gone. All right. There it is. Okay. I wrote down, oh, GBD. Okay. There it is. Okay. So that was a peak D in the USDJPY. That's not what I was talking about. I was talking about dollar GBDOW. I hope this is the one. Yes. So you remember, I was talking about this and I said, it gets a little complicated, but I want to show it because I know that I have a lot of Chapman waivers out there. I've taken my courses. We've brought my CD introducing the Chapman wave methodology. And right here you can see this is a Chapman wave flat base restart. And I'd say if this is the case, then what we should be looking at is that this is the Dow Jones UK stock index. In other words, it looks exactly like the British FTSE, but it's made up of the Dow Jones. It's a Dow Jones instrument. Well, this little move right here, we are within three bars, it went to New High, but kept coming back to the load that was made right there to make peak D. That is at 330.52 on the dollar GBDOW trading up 0.01 right now. They must have closed because they don't even know what's going on. Okay. So what we're looking at here is every time it rallies, it keeps coming back towards that level. It's a discovery I made years ago. And then what happens is when it makes its peak D and very often it can go to an E. I've even seen it go to an F. It's the same pattern. It just keeps coming back. It doesn't go very high. When it comes back, it goes straight to and very often underneath the left side low. That in this case is the low of the fourth of April. And look what it's done. Not only has it gone down, it's gone right to the 200-period moving average. Now let's get back to whatever the heck we will look at when we go IWM. IWM, he has the same pattern except this one is what I call the unconventional. Why? Because after that, it made a slightly lower low than the low that was made to give it a peak D and that was on the 9th of April. It went to a slightly lower low. And then it kept rallying but kept coming back to this point. And that said to me, I've got something wrong here. I know this pattern. And then when I was looking at it a few days ago, I said, there it is. That was a peak D. So now we're in leg B to the downside. Everything coincides. This is a leg C to the downside of the weekly chart. But so far, it doesn't mean to say that the IWM Russell 2000 small cap stocks will lead the way to the upside. But it does say so far, it's holding in the pattern of the weekly chart, not having gone back to the all-time highs or close as the Dow as the S&P and the Q's have done. It's holding very well. This is something for subscribers. We're looking at, I don't know if I'm going to get a buy signal yet. I like the action. 90s barely turned down in the weekly charts. The casting said 86%. That's not so great. I would have preferred right now if it was 92%. But it's on watch because there could be a rotational action here that says at some point, we'll find out that some areas that are going to be hit by the tariffs could be very detrimental to certain sectors, at least in the shorter term until they get to be able to work out the game plan. And that might say that the small cap stocks might be in a situation that is better. Whether it says it can go to a leg D or not, I suspect it will go to a leg D just as I'm anticipating. I was going to go to leg Ds, but that's on my watch. I was asked that many times and I'm just saying, keep it on your list. I'm not jumping in here. I don't see any reason why I need to be buying any of these indices at this point. I still think there's a lot more work to be done. I'm not saying crash to the downside. I am saying work to be done. Let's go back to the EURUSD, which was trying to rally a little bit. Yep. It's had a nice little move over the last couple of days. It's stopped right at the 50-period exponential moving average. The MACD is good. Stochastic is very weak at 54%, and that weekly chart is WEAK, weak, and so is the monthly. It needs to get, I've been saying this for a while, the EURUSD, the EURUSD needs to get to the 1.35 1.135 area, and it needs to do it holding support all the way up so that it can rebuild strength in the weekly chart. Because that weekly chart does not look good. I'm not even talking about the monthly. And the EURUSD, J-P-Y did have a peak D-Chapon Wave top, and that should be a down arrow right there. It's in a cell mode in the daily, cell mode in the daily, and a cell signal in the weekly. So I'm putting that in. Wow. How does that affect the dollar? Let me go back to the dollar DXY. Yeah, dollar is a D in the weekly, and a D in the daily, but I'm still thinking that there will be eventually a leg D in the monthly chart, and it could be quite sharp when it gets here. So consolidating after a fantastic move. A question I wanted to do was, a question I had was, oh, IYT, we're out of the IYT. I'm not prepared to mess around. It just acted so poorly, even though the weekly chart should still go to a D. I'm thinking Trough D in the weekly chart of the IYT. The transports just says to me, it's moving in sync to the downside with the Dow. Give it a little while. I want to go back into those, into the transports, but just in this moment we're out, we took our profits, and we're just going to be watching. Let me just see what else there was. Oh, a question about, oh, good question. A question here about my Dow Core Death. So let's just do this as we're about to go for a break. IBM right now, very weak at Dow $1.77 to $133.57. Triple M, very, very weak at $174. UTX, hug, down sharply and canapola, also down sharply. I'll be back. Let me talk about that. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology, along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter of the opening call today by visiting TFNN.com. The path of least resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades, along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter, the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30 day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart 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 Chart 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 folks, let me just do this here. Is that a 10 yes? This is a brand new primary right there. And we go to A. Two minute chart of the IWM Trading Vehicles C. This DE could be a DE, Alternative Count B. Okay, very nice. Is there something going on here? Only down 177 S&Ps. Only down 20. Let's see what the Uber is doing here. Uber, two minute chart has gone to a peak C. All right, so it comes out, opens at 42 round number low. And it bounces up to about the 43ish area. Then it comes back down to a new low, 41.06. Now it's trying to establish the first buy signal to buy mode. It needs to get above 45 round number high to start laying D. We'll watch that, we'll be back. Okay, so here's oil. Well, CL is crude oil, crude oil just trading down up 25 cents at the lower end of the range. I just wanted to show you these things again. Remember how important for me these channels are? You can stay in a channel for a long time when you start to break down. There's the longest period of sideways move, not so much percentage to the downside although 10% is pretty big. But it's holding steady underneath both the nine and the 14 period moving averages, crude oil at 61.97 up 27 cents. MagD's flat, negative but flat. Negative, yep. And the stochastic's at 27%. And the balance is not balanced in the price. So you've used up technical strength without the requisite move in the price itself, not good. I do want to go to the TLT. This is the Lehman 20 year bond fund. Made that leg D yesterday underneath the previous high. There are two things that may be just a little cautious today why I say to subscribers. We've got all our positions two were taken out yesterday but I do think that we need to keep in mind that the fixed index had a really sharp move to the upside. That kind of move usually pulls back quite sharply with a turnaround in the market. So that's just something to keep in mind. And the other is that the TLT did not go into the high 125s 126 area. It is underneath the peak D that was made back on the 28th of March at 126.69. It's made a cup formation. It's just kind of stalled here. But I'm looking at that saying wait a minute. You've gone from a peak D to a trough D to another D and yet the market is saying money isn't moving sharply from stocks to bonds. Not yet anyway. It has moved but not sharply. If it was in the 126s especially if it was in the 127s by today with this kind of sell off that would have said oh be really careful because the market could now turn around very quickly. So we're watching this closely. Most importantly the 124 23 area 124 30s is the key support and the 120 is just short term. So we're going to look at the market. We're going to look at the market resistance at 125 70s. So that's the parameter I'd be looking for Monday. Quick thing we wanted to do right now is look at the right here. Just wanted to show you that there was a little breakout. Look ESM one line broke out. It's in this leg. This is quite a turnaround. The low today was 2826 round number low and we're now trading 30 points higher. You know these moves are these are big moves. So let's get back to our story here. Oh and there's something else I wanted to show you. So let's just do the TLT. I wanted to show you that high grade copper is still pretty weak. It's up a tad right now 0.06 at 2.777 and wood which is the international this is the eye shares of the global timber and forestry ETF has taken out this key support level over the last two days trading at 61 42. They better hold the 61s otherwise it's a real problem and HGX which is the housing sector index. Hey this is not bad. Housing sector because the rates are still so low has pulled back from unusual peak G in the Chapman wave methodology look at the MACD did not confirm the rally. There was a G C became a G with that big pullback under the 14 period moving average. There's a Chapman wave. Both of these are Chapman wave Roman candles. This last one worked very well is pulled back sharply and the stochastics at 42%. Gonna have to watch that real real closely. So I just wanted to show you the Dow right now with this move to the upside. Look a second candle. Now we've seen this before where you get these long week candles and there's some kind of rule that says you start to make a couple of these you could have a really powerful move to the upside. I look at this and I say it says that there was weakness and it says that there was emotional buying why because until you start to make a leg to the upside and that would mean that the Dow would have to do it today because none of yet have to go above 25,517 20 sorry 25,884 that is another 200 points higher to start a leg A that would say now you can look at these candles extremely positively. So that's the story there and a question I had about oh yes can I look at Apple is down 5 at 195,69 peak D remember how many peak D's do you get a lot look at the monthly peak D what was the peak that was a peak F in the weekly. So back at the ranch what we're looking at is Apple is pulling back and hurting the Dow and because of it I have to look at here we go where I would look for support excuse me let me get some water we're going into this little doji candle low 193.14 today's low went under it 192.77 so the next oh the whole series of lows and then you get the low that was made on the on the 14 period moving average and the daily chart on the 26th of March at 184.58 oh that's nine points away we don't have to deal with that right now let's just say that there is a cell mode in the daily chart of the of Apple the weekly chart has made a peak C still with pretty good technicals and 191.77 is the 14 period moving average it's gone underneath the 9 period moving average just we were watching this closely Amazon Amazon has made a peak F in the right there I didn't put the down arrow at what at 64.40 on the third two days after the S&P it's not bad look it was a pretty good action you know Amazon is still a monster because it just they mean everything and they will be telling us if there was a real slowdown economic slowdown I think you'd see it in Apple I mean in Amazon so as it stands right now this is good action all time I 2050 point 50 on the week of the 7th of September plunges to 1307 round number low trading right now at 18 1875 having made a high in the 1960 area so far this is really very good action in Amazon that's a big positive I'll be back in a moment a bezel Chapman Tiger conditions our dollars down 142 S&P's down 16 both have come back very nicely let's see if that can last oh using the damn China talks done for all right if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest the best rate for a four-year CD in the country as of February 20th is 3.1% of $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, South African rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day break for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by sign up today are China A shares hot or not? if you trade China A shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit directioninvestments.com 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 in the future the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 4-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 for the latest market information I am this is the Russell 2002 minute made a potential peak F right now but the strength says it could be one little tad higher I'm going to be watching this because there's definitely people wanting to buy and there's a real toss up now between the sellers at the first day part of the buyers at the first part of the day than the sellers and I had a chapter of Trin gauge reading which gave another 1911 point really earlier overnight so this is going to be very important so this is the ESM also the same we made a peak pulling back a little bit more we're going to be watching this because if the Dow manages to close just minus 35 or even up but somewhere around there over the weekend the news would be a lot better than if we go back towards the lows of the day for sure I mean we'll see okay so Amazon as I said I want to do also look at oh I had it already here oh yeah so you get a whole bunch of things going on and the IYR which is the REITS was kind of a the only way I can read this is this is the US iShares Dow Jones REITS index trust and it has all these SPG SS SPG REITS big company what's the Boston one Boston Boston Real Realty BXP that's it so it has a bunch of these PSA so you know this is commercial property for interest but I think that people were looking at this as a potential interest and capital gain this is had a much better show information than some of the other interest areas interest bearing areas so it's held the 14 period ruling average it is up to 41 cents at 86 it has this pattern after the peak D there was how many 4th highest peak peak D that's where you get cautious so it pulls back sharply from the 88s goes down to the 84s not a big deal 4% 4 points about 5% rallies back up to the high 87 and then it comes back to the 85s and now it's bouncing around so far this is holding very well keep your eye on the IYR because this is interest bearing but there's a potential at peak B and holding well we'll see it just needs another week we'll watch this closely for the next week but it couldn't in fact start leg C and that would be above the high that was made oh it had a Chapman wave 18 88-19, 88-29, 23 this is a Chapman wave 2 bar reversal and it did pull back sharply but if it goes at any point above 88.23 that's any less than 2 points higher that starts to leg C and that really improves the monthly chart which already looks pretty good keep your eye on the IYR the next thing we want to look at is within the context of the XLF that is the financials look there's a pullback here just .06 it had a pullback to the 50 period moving average didn't take out yesterday today's low I still think this is an area to keep your eye on the financials I think they're doing well not all of them but most of them are doing pretty well I don't think at this particular point they look great for an all time high above 30.33 trading at 27.23 right now but as long as they hold if in two weeks time the XLF is held with 26s and is able to rebound and at any point goes above 27.53 I'm looking at this and saying you know what I'm looking for the areas that survived this big sell off I'm looking for areas that have the potential that are unloved they really are unloved the financials I'm talking about what I hear so many people over the last month I've heard say they just the PE is not right they just but I think they've done everything correctly so far to be very sound banks we'll find out later on in another year or so but that's what I'm looking at and so far they've acted very well XLF keep it on your list just to look at one of the things that I want you to look at and I haven't looked at the bots someone asked me about bots this is the robots so the robots had a really big move all the way up to a peak because they were it was an IPO just back in 2017 I believe yeah no no yeah 2016 September comes out around about the 1416 area goes to 1524 low on the December 20 2016 screams up to 27.42 January of 2018 and like the New York Stock Exchange and some others have not gone back to the all time highs goes all the way down to the 200 average goes to back to the 15s right 16.01 what a round trip and then it has a fabulous rate to the 22 area right there I think it missed it by penny yeah 21.99 that was on the 21st 17th of April pulls back this is one global robotics looking out not right now because it's still consolidating looking out another area that I'd be looking at positively that is we don't have a position in this then there was a question that I had about where was it oh fxi that's what I wanted to show you the fxi has closed for the day I'm sure but we might be trading it's down four cents at 11.65 I mean China has closed for the day and fxi is the China large cap ETF and it goes from 45.96 down to the 41 area so 10% of China it's not not too bad my thinking here is it's the monthly h pattern that I'm really looking at how the fxi gets out of this particular pattern is going to be so important technically it could pull back a little bit more it could go to the 40 if it goes low in the 40 you've got to anticipate there's a chance that it's going to retest the lows below somewhere around the 38 to 37 area but if it's able to have an inside bar in May in April much April May June in June sorry in June that would say that the worst might be over they're going to have to deal with the tariffs but it says that somehow the perception is that the tariff's in a positive way but if on the weekly chart we're about to cross negative in the MAGD for the first time since it broke above way back in 2018 that was what was the date there was that October no it was November November the week of the 16th this is the first time the MAGD is deflected once before back in the big sharp sell of going to the January low but this is the one to watch the FXI HK DOW that should be close much better chart the actual Hong Kong Dow Jones Hong Kong index I suspect it's very much like the Heng Seng so I'm looking at this saying okay there's an unusual pattern where it starts to make sideways expanding V with a flat up and expanding base and suddenly there's a bad news and it plummets but you look at it the MAGD hasn't yet crossed negative in the weekly chart and the stochastic still 81% and the monthly chart looks way better so what's the difference the difference is that this is a much broader index the FXI is just the big big big caps China index so I'm looking at the difference between the two of them and saying alright let's compromise people too and follow them both because the HK the Hong Kong index might be telling us a little bit more we'll see but at the moment it is up 4.30 I'm having close I think already way way earlier alright I'll be back to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact tools that I use that has transformed me into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and a lot of other products Nicar, Hunter and Gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics oil based vitamins, minerals baddie and amino acids and an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids chemical molecules because like sunlight, air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Nico and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour on Trader's Edge, heard here at TFNN.com Hi everyone Dallas come back it's down 109 recipes down just 13 look at Uber Uber made that low in the 41 now it's trading at 44.61 not a big deal but it is a big deal based on the market it's holding pretty down well so far let's see if it goes to an egg D in the weekly in the 5 minute chart it's only been announced since just about noon just before noon 44.85 is the high needs to get to 44.86 and it'll start leg D in the 5 minute chart and only a leg A peak and it'll start leg B in the 10 minute chart that's how we do it sequence by sequence short term 2 minute, 5 minute, 10 minute that could be daily, weekly, monthly doesn't matter we're watching it closely to our story so within the context of looking at the different markets what I want you to do is to look at the IYC because IYC is being absolutely on a tear just a spectacular index and it is the iShares, US Consumer Services ETF it does have Amazon and that's a big deal but it has Amazon Comcast, Disney, Home Depot Netflix, McDonald's, Walmart Starbucks, loads I mean this is an example of stocks that have been doing very well over the last six weeks or so so now it's got a down signal so it's a sell mode in the daily in a leg C to the downside the weekly is holding beautifully and a leg peak D is no way it's going to make a higher high this week in the next three hours I shouldn't say that of course anything can happen right the dials have really come back 300 points so to 1833 it's not going to move six points so yeah peak D may be being formed right as we speak in the weekly chart look at this since the low in December of 168.10 IYC has gone this is the third red candle it's in a leg D others have actually gone to a beer or a sea so it's gone a little ahead of itself in terms of the Chapman wave methodology going to Ds but look at the spectacular report time wait a minute that's the end of the show have a wonderful weekend everybody stay tuned for Steve Dave and Tom I'll be back on Monday check out my opening call hopefully you'll find it profitable and fruitful and educational have a great weekend see you on Monday that was a quick hour