 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento One Basel Chapman sitting for Larry Pezzavento and Larry's away and I'm having the good fortune to be able to sit in for him So this is trade what you see and I'm usually the host of the Tiger technicians hour noon till 1 p.m. Eastern time Here at TFNN on market days And I'm also the author of the opening call the daily newsletter comprehensive newsletter Goes out daily by 8 o'clock 8 10 This is my entire series of charts have gone out So we're looking at the Dow up to 70 in the futures This is going to be very important for three reasons Number one, there was a rectangle formation that informed and for weeks and weeks we've been stuck in that range And in the real terms, let me just go to the Dow This is the actual contract itself is the Dow 30 Because there's nothing happening right now because it's pre opening at 9 30 There'll be a spike up and if it goes over 25 So 26 514 26,000 514 It starts a leg deal Let me just quickly say in the Chapman methodology I look at only three patterns straight up straight down Arch formation cup formation You can get a combination I make it in red because if on the left side In the what I call the dreaded H to the low low case H The left side low is taken out decisively with poor technicals It can keep coming down And on the upside if you break out to the upside after a cup formation or inverted Y That's very positive Straight line up or down That's one Arch formation could be inverted V That's two Cup or V shape formation That is three And then of course you can get a combination So with that said What are we looking at? We're looking at a series of lowercase H's H goes to a lowcase M And then it starts to turn around This third arch is always the most We're very fortunate we managed to get the low in June The exact day of the low We managed to get the exact within seven points of the high Of the 16th of July For subscribers going short I'd say that I think that this is going to be a tough one to time The low because of the patterns that are forming I know Dave White did a fantastic job He called it beautifully to the low And what we're looking at here Is that because of this breakout We're starting to get this leg D Now let me go to the continuous contracts I'll be talking apples to apples This is out of this exact moment The future is up to 267 You can see you've got the D, leg D The mag D, the moving average conversion So divergence is good It's not great but it's very good right now Stochastic is over 80% I like that at 82% That is very important Now what is also What I'm really looking at here Is this cup formation In the Chapman wave It has what I call left side, right side price time match But what I really want to look at was this line here This is what's called right there Making green Chapman wave inside wedge target repellent line So we've gotten right to this line Today's close is going to be very important For three reasons As I said Number one is you've broken out of the rectangle Number two is In the lower case H When you get to the third arch formation Which was forming here If that reverts to a cup formation You have to look at the technicals To say now have you raised the support In other words are you making higher lows And higher highs Because that's the definition of a bull phase And if so where are the support levels Well the first support level is the 9 and 14 period moving averages Round about 26,260 And then the orange one right here This is the 200 period expansion Moving average of 26,890 Most importantly what we're looking at Is where did we close I'm going to talk to you that's So that's the whole second phase The third part of it is Within the context of looking at The shorter term I always have to look At the weekly chart and you can see this Weekly chart the MACD is still very Negative, stochastic has turned up Down at 52% So there's a chance that I'm not thinking that we go back to the 25,000 level But we can go down to the mid 25,000 Again look this is a whole series Of news events there's nothing really That's happening nothing really has changed But something very important has changed In the psychology of the market In the psychology of the market We've had almost a hate relationship To this mega bull market I've been considering that this is a Consolidation phase and it will make Much higher highs later on And the silence of the bull market Is just deafening because Few people even want to talk about Making money in the market Whereas at new all time highs Or 2, 3% of new all time highs Normally you'd get people just Talking about the stock market Is my impression for a long time And there's no real way to define this Or even to get a sense of whether This is a correct definition or not But my sense is that there's been Because of the media and the Plethora of negative coverage of the President that mentioning stocks Would be like mentioning being Positive Donald Trump And nobody wants to get into that Conversation at work or in family Events or anything so there's just That's the biggest bull thing that We could ever have right now So later on I think we go to all Time highs I don't think it's in This particular phase right now But it might be we'll see so most Importantly how does the sideways Consolidation continue well have A look at this the SMP let's do The E-mini right now the E-mini Is trading up 27 at 2965 How many 25 point moves up And down and we've seen in the E-mini in the last month It's amazing but this is a Breakout of the downtrend line This is very important where a Close is going to be important Sycastics at 83% I like that Magdy's good the weekly chart Is a little bit better than the Dows but the technicals are still Not great however look how often There's 200 period moving average And rally very sharply so We'll just look at this and say On a shorter term basis 2973 2978 is probably going to be The resistance points let me go to This here ESU-19 That is the E-mini Yep right there 29 2980 to 2982 2889 A lot of resistance automated Resistance points let's look at The Dow let's go to the automated one YM 2677 We're coming right into Strong resistance within about 20 or 30 points of the Dow Let's look at the NQ which is The trading vehicle that is the Futures for the NDX100 And it's right in resistance right Now so I think we're About to bump into resistance but Wait a minute you can't just Look at one thing look at Bonds James bonds look at the bonds You've made a peak right here At the one 165 166 and 432 The resistance was The close on the high 166 and 2530 Just missed it here 166 and 2330 This weekly could be making A Chapman wave 2 bar Reversal and that says when There are fractional differences Between the left side bar and the Right side bar especially if it's Slightly lower be careful because If there's a pullback below the Key support level in this case On the 23rd the low of 162 And 530 seconds as a continuous Contract that's going to be a negative If you look at the TLT shows You the same sort of thing here it's Down 1.83 and 145 60 you made a all-time high Sorry I shouldn't say all-time high You made a monthly high And a daily weekly high right here 148.90 on the 28th pulling back some So I wanted to show you that I Also wanted to show you if you're Not only using the TAS profile scanner When looking at setting up your trading Opportunities then your arsenal is Short a mighty weapon the TAS Profile scanner is a standalone piece Of software that instantly filters Over 2,500 global financial Markets such as stocks ETFs Commodity 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Second home or investment property Tiger Realty has the experience Across all areas of real estate And sellers make the most informed Decisions across all price levels From the price you should be paying Per square foot in certain up Incoming areas to the type of cash Flow investment properties are capable Of creating Tiger Real Estate can Help you make the best decision When it comes to all areas of the Market before you make one of the Biggest decisions of your financial Future call Tiger Real Estate LLC today at 727-329-8322 Or email us at tiger at www.tigersden.com That's 727-329-8322 Call us today Many of our new listeners Have heard about the Tiger's Den The Tiger's Den is a lively community Where professional traders and investors can meet Exchange ideas and information In a comfortable moderated atmosphere Hear all of the TFN shows Plus see all of the charts as they happen Live and have access to archives Of all of those charts You can test drive the Tiger's Den And greatly enrich your knowledge of these markets And how to make your money work for you Details on the Tiger's Den Or on the front page of TFNN.com Check out the new TFNN.com now And experience all the upgrades TFNN.com Educating investors Call now Toll free at 1-877-927-6648 Internationally at 727-873-7618 Hi everyone we're back Basel Chapman sitting here for One and Only in a Larry Prezevento While the break he's taking I think he's traveling somewhere So the TLT is down 1.86 at 145-67 Look at this powerful leg In the monthly chart Look at this beautiful cup Remember we're only looking at cup formations or arch formations Beautiful arch formation Re-test that at 111 right on the 200-period moving average in the monthly And then spirals to the upside I call this in my techniques In the Chapman wave methodology Between the Magdae and Stochastic I call this a squash A couple of reasons for it But most importantly what it does is It says there could be a very quick move From a peak A to a B to a C And then the Stochastic Which is at 95% and really strong Saw us to pull back a little bit And it takes a little time Before it makes the D and Magd Is the one so the torque Of the move to the upside and bonds Was created by the Stochastic spiraling From just under 20% To way over 80% in fact to 95% And then the momentum Has to be taken over the overdrive Goes from the fast moving Average to this green line in the Magd In the monthly so this says That the international pressure To have lower rates Is so big That there should be even lower Rates to come but in the meantime We're looking at some kind of a pullback And that's what I mean by a short-term title change And if you look at that Look at the dollar, look at the dollar The dollar is a fantastic move For subscribers it will be long Since April of 2018 at 90.07 Via the UUP It went to 99.37 Just three days ago, now it's down At 98.25 And this monthly chart shows this Chapter wave inside track repellent zone Right there, we've pulled back We're under that, I think we can consolidate My biggest concern here is that We've gotten to leg D in the monthly chart This is the very first day of September And doesn't matter That means the whole month of September You've got this leg D And if by October We haven't come above 99.37 This is going to be a peak D And at peak D, other things can happen That's where deeper consolidations Can occur, look at the one that occurred In the dollar index at 103.82 Back in January of 2017 Slumps to the low of February of 2018 And it's going to be a peak D In April of 2018 At 8.25 In April we go long And we belong since then It's basically both the green line That's the 9 period moving average And the black line, the 14 period moving average Used the 14 as the springboard That's at 96.90 If in September we break Under 96 Call it 50 Got to give it a little room Let's call it 96.50 Week in September Then I think the dollar Is in front of much of them The administration is getting kind of what it wants And that could be very bullish For multinationals We'll be watching this closely The other thing I'm looking at here is I want to finish The dollar we were looking at I'll need to look at the euro EUR, USD, the euro-dollar currency pair Look at the strong leg A to the upside And put it over here Nothing's going to happen unless the euro Cracks the resistance level Of 1.115 That's right there The 14 period moving average It needs to get to 1.1 I'd even put it at 1.1, 2.10 Somewhere in that range And then I would say to you Okay, that allows the stochastic To turn down the weekly chart From the 22% level Start to get to the 27%, 28% level And that'll be a positive If the MACD can start to turn around It's going to take a lot more for that MACD To go positive So that's important and the monthly chart Is still looking just terrible for the euro So I'm considering that this is a bounce But it could be a pretty sharp bounce Look at the British pound We were talking about it yesterday I was asked on my show about it And I said yes at 1.1965 The low that was made three days ago Because it had a perfect PD Time frame in a very small range Big percentage, but small range Going to the high that was made On the 27th of August The British pound trading right now 1.234, 0.0124 This is a big move It's broken above that PD It went below the trough that was made On the 12th at 1.2033 In the continuous contract And this weekly chart for the first time What I was saying is that the histogram Is starting to improve in the weekly The MACD is starting to try to turn up Secastic is turning up This could be a move that says If the British pound can close Any week over the next two weeks Above 1.245 First time closing Over the 14th period moving average Since it broke down back in May The week of the 17th When it was at 1.31 That'll say to me Especially with the doji candle of August Now above that candle Having gone below This could be a big engulfing candle That the currencies could be in play And I have to put this into effect here Dollar TRCCI This is the commodity index Look at this leg B To the upside After just being pummeled In the 440s down to the 370s In the commodity This is the Reuters, the Thompson Reuters Equal weighted commodity index Let me just check on the name there But I believe that's exactly what it's called They've dropped the Thompson That's what happens when you get taken over Eventually you lose your name Look at this, Reuters equal Let me pull it back all the way You remember peak D in the chapter weight methodology How important it is We saw that in the monthly chart That peak, a major peak Look at this, the high of April of 2011 At 690 plummets A low of 351 Almost cut in half January of 2016 Reuters quite nicely has a peak E Right there, Reuters equal weighted commodity index Has a high of In May of 2000, likes May huh May of 2018 At 432 and then it comes all the way Back down to last month's low Which is at 374 So this is the first time I'm seeing something That says, yeah, commodities could have A little bit of a rally Commodities, this is Larry's show He loves to look at commodities Look at wheat, thus wheat Looking at a leg A to the upside After a trough G The magti has had a nice divergence To the upside, shows the stochastic So wheat at 466 Up 6 right now If it can close about 473 In the next two days Two sessions, I should say Today's session and Friday If it can close nicely above it 480s, that would be my first Bigger goal Soybean, soybean right now is trading This is the continuous contract Up 1, at 876 In leg B In the daily, it needs a lot more work It needs to climb At least into the 885 area It better hold 864 And corn, just corn Corn is right there at 360 Not too much to see Two and a quarter, 360 This is the first time I've actually seen the commodities We were along the DBC DBC Read basically a grain contract ETF For quite a while, we took some profits there We haven't been in for ages Now it says that there's a chance That you can start to see If the dollar starts to pull back deeper That money could see the benefit Let's see what happens to crude oil It could benefit the commodities At 50 cents, at 56.85 Testing the range of this Rectangle formation If crude oil starts to close It has to close two out of the next three sessions About 57.50 And then I think we've got a nice balance Coming in crude oil I'll be back Basil Chapman sitting here for Larry Pezzavento, the one and only Larry Pezzavento, I'll be back Oh, it'll be the opening bell As soon as we get back, it'll be the start Of the day session I'll be right back that it features up to 85 in the back This will be up to the date Active trading information That will help you in your daily trading In Larry's first week alone, he sent out 25 charts, 6 videos And a full report to his subscribers In just one week If you're a technical trader that uses patterns And retracements to trade Then Larry's service Fibonacci 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No, I'm going to stick With a rectangle formation right here And all I can say to you is that If bonds in the next By Wednesday of next week If the TLT That is the Lehman 20-Year Treasury Bond ETF Is going to be under $143 Below $142.70 I would have to say That there's a good chance that Bonds are going to take a bit of a breather That the TBT Is going to start to move a little higher It's up $56 at $23.70 That's the inversion But the TBT really needs to spiral Into the $24.70 $24.58 was the high Of the 23rd of And it needs to do that. But Until The TBT starts to trade between In the weekly chart between the pink Nine-Period Moving Average And the black 14-Period Moving Average $25.68 $26.97 And holds in there for about a week A week's worth of closes in that range This just has to be treated As a balance right now But my suspicion is That we've got a little bit of a title change There And it's going to allow the market To appreciate that Many of the stocks Are very oversold These are key American stocks Let's just see what Caterpillar's doing Right now, Caterpillar, up nicely Up $2 at $1.217 Was up at $1.703 Back in January of 2018 Plumbed to $112 In December It was December, right? It made its way in October October, $112.06 And then it balances up To the 140s Slumps to the 111 area And here it is at 121 Up 10 points from the low That's very good in leg B Let's see if this can last It's going to be very important to see What happens, let's see what Deer's doing So Caterpillar's doing nicely Deer's up $1.32 $1.503.04 And then Capital Reef Dow Quartet is doing My so-called index You can't have an index with four stocks With that's what we have IBM Very nice move up three And $139.28 Still stuck in the range down at the bottom area Triple M, let's see what that is Up 2.80 Very nice move, $162.77 Trying to come off the bottom It has just been hammered To the 154 I mean that is 30 points That is about 27% That's a big move now So we're also looking at UTX Which we had Got stopped down for a tiny little loss And then, bam, it spirals from the 125s that we were in Now it's $132.82 Up $1.77 This is very good, still stuck in the range If you look at the weekly chart Now I call this the Sears and Roebuck There used to be the Sears Holdings made this pattern Years and years ago and I thought Hey, there's a dreaded H to the lowercase H It holds the left side low And then it makes a cup formation The cup formation says it can't Actually start to trade back Towards the old high So at $132 $144.40 was the Most recent high which was just To 35 cents away from the Previous high of September of 2018 Goes down to 144 points, 44% Decline and then it goes All the way back to 144.40 30 cents higher in May And then pulls back So this is going to be very important I think it's still going to consolidate a little longer We'll see about that And then finally what UTX What am I forgetting here UTX Oh and Catapult, we just did So that says that those Really bad cyclicals These are the heavy duty International Heavy duty cyclicals It's good that they're rallying It's really important that they're Rallying right here A couple of things, the VIX index The VIX right now is trading at The VIX is down 86 cents at 16.47 If it gets into the 15s That'll be support. I want to see where we close the day I had said to subscribe We could see some short covering at the beginning So it goes even higher, a little higher And then we'll see if there's a dissipation Of buying towards the end of the day Getting a little bit Very short-term oversold But looking out I'm really impressed, I'm impressed Because let's just go to this chart right here This is the Dow, this is a Leg D up In the Dow This is what we use here What I show subscribers every single day My thinking was that the 25,000s would be retested I still think there's a good chance That at some point, this is just news There's nothing here that's happening Other than sentiment So the actual news says that This whole area Now it's a little raised It's now like the 26,000 200 to 25,800 I wouldn't be surprised if at some point That area, but this is really important And what's also very important If you look at the 120 millichart We've just spiraled above automated resistance Three automated resistance points That becomes short-term support 26,571 We're 100 points higher than that 26,688 A couple of questions I had I thought I'd get to them right now One of the things I was looking at Why I thought there'd be another pullback For the DAO was, the IYT Was not acting very well Now of course it's acting very nicely Today it's up 3 at 185.37 This is the IYT Is the iShares DAO transportation index I don't know why we call it the DAO 30 Because it's really just the 30 Now it's not, the DAO Used to be made up of industrials You can't tell me that Is Verizon industrial? Is Nike an industrial? Home Depot Is that an industrial? I suppose in a way you could call it But Apple, is that an industrial? So it's Adobe No, not Adobe Microsoft We're looking at Just a different complexion completely So, DAO is a 321 That's really important A couple of questions I had When I just look at something like The hogs Yes, I'd say Gone to a PC, I see some resistance Yeah, it's trading at 66.80 In the continuous contract Live hogs, MACD is good Stochastic is good, but the price hasn't Really appreciated as it should So I think it's going to be stuck between 66.77 right now I think it's going to be stuck between The 65s and maybe the 68s In the shorter term Before it really gets going The question about platinum Is looking amazing It's gone to a leg C At 1,000.80 I did this yesterday, I said the 200 Moving average in the weekly The orange chart right here MACD's strong, Stochastic's strong But this says at 9.77 Right now, we're down 6 At 9.77 having made a new Recovery high of 1,000.80 That's going to be the benchmark Because I could see and I wanted To put a rectangle in here That there's a good chance that Platinum will trade between The 9.50 area and the 1,000 Maybe 1,020 area And that could be the trading Band for now, if it goes much higher That's going to be really important Platinum, let's see what General Motors Is doing, doesn't use platinum for the General Motors is up 85 cents At 39.07, I like it, isn't Barrow meeting with Trump I was chuckled because Barrow was there Through all the terrible times with GM But they still don't produce Quality cars, consumer reports There's a liability Terrible, the Cadillac Very disappointing, I'll be back That was at 341 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 Tax on the profits, which makes these lots Valuable. 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Will the XLF Start to participate? Which it is today The S&P financials Up 50 cents at 2740 Leg C in the Chapman Wave daily That weekly chart is still saying It's a weekly chart And the monthly chart is sitting Right on the Dow channel I call this Chapman Wave inside Repel & Zone Is trying to sneak above If we can get to the 2770s By Friday afternoon Going into Monday That's going to be good If it pulls back again Because bonds are starting to rally further I don't think they can do that right now But if they do Then the financials are having some trouble Goldman Sachs gaps up It's up 4.5 at 206 You want to see Goldman I said above the 225 area Would be a really strong action It went to 222 On the 26th of July Peak F and it pulls All the way back to 193 So now it's a 206 It's good action That weekly chart The technicals are okay It really needs to get the next level On the upside just to see If we can get back to the 222 level We'll have to be the two 13s Let's see if we can do that Goldman Sachs Wait a minute, the SMHs Semiconductor index What a big move Up 3.55 right now At 120.10 Now it's a whisker away from the all-time high Of 123.56 This is a peak B in the weekly In the monthly chart Does it go to a leg C in the next week Into the 123 Or higher area It's looking very good It was a sideways consolidation I drawn this in and shown subscribers So the weekend I put an up arrow here If we can break into the 117 And I put a down arrow for breaks under 109 But it's on the upside Now it's making almost a cup formation And this cup formation says Very good action Let's see if it's able to Swing All the way To the 123.56 level In the next two, three sessions This is a big positive for me This is very important because The semiconductors are in everything They are just, it's so important And I keep hearing that The billing is still not great But I've got a feeling that this is It looks six months ahead And it screams from the low of 80.71 in December To 120.71 in April Even as the Billings were still terrible Like minus 20% each month And then it goes down to 98 That's a big pullback, 120 to 98 And then what does it do It turns around and goes to 123 Now it's pulled back only to the 107 area And we're looking at 120.03 At this point, this is good action And this is probably telling us that Looking at the overall market There are a lot better things happening That are being reported And the semis could be if that Maybe the Billings are starting to improve I mean, they should After all, the price can't just go away By itself without the Billings They did that for six months, seven months I don't know if it can keep doing that So this is a big positive for me SMHers I like what I'm seeing right now I think this is a really big positive A huge gap from yesterday's close Just under 116 Now it's 120 Very good move I like that, that's the semiconductor I had a question It was sitting somewhere Palladium, that's right, PLL Palladium right now I didn't do the notation Had the peak D-top right there With the down arrow That was back in July the 20 No, July the 10th It is 150.64 Has a very sharp pullback to the 1 30.04 area On the 2nd of August And now it's trading and we put an up arrow Because we know that it's moving up Higher highs and higher lows Peak A, peak B, peak C And leg D This is leg D I do not like D's underneath the previous high But what we're looking at here Is if you look at the weekly of Palladium Aberdeen physical Palladium Trading at 147.24 Right now I'm going to do this to show you Chapman Wave inside track This is the red And now you have the green Let's do this right now Go green and there you are So if Palladium on a weekly basis Starts to close Right there Starts to close First of all it needs to close above 150 If it does that the 150.64 Higher of the 12th of The week of the 12th of July Will be its left side target And once it breaks above that The 150.287 Most recent Is that an all time high? Yeah, certainly the most recent high That we've got going back many years That will be taken out and you will start A leg B To the upside An overlapping leg B In the Aberdeen physical Palladium That's also another good sign Let's see a question It's interesting actually Gold bonds down with dollar down You're up Yes Jimmy 14 spy points In trading sessions that is a huge move No question about it So just to that question remember I've been mentioning for some time That I want to keep the dollar Gold And bonds and separate things Even if they trade either in Direction, different number doesn't matter Just think of them differently The dollar is the currency Of importance right now As a world currency The yields Are being forced down By international markets Countries That are having to spend money And putting out bonds and forcing Bond prices up and yields lower That impacts the United States And you can see by the monthly chart We continue to do that But maybe on the shorter term We're getting this really well-deserved breather In yields, yields going up Bonds going down, yields going up And then think of So you've got The dollar You've got bonds and then think of gold Gold is now down 24 Think of gold as the currency Of fear and that has to do with The whole financial system Of all things And if you look at the XLF So it's strong right now Up 60 cents at 2750 Still way off the 2872 high That was made back in August Or the 30.33 high back in January 2018 That's just saying You've got to think of this as a reflex Actions, springs that are being Unloaded from different dollars I'll be right back I'm certain you are or strive to be In life It's the most common trait that we Tigers and Tigers share If you're looking to become the best of the best When it comes to managing your money Let me teach you 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 But 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 set of 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 too 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 a 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 In 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 In 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 And calling price turns To 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 2 week free trial To the opening call Basil's daily trading newsletter By visiting the front page of TFNN.com Cancel at any time during that trial And pay absolutely nothing Get your 2 week free trial to Basil's newsletter The opening call 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 We're back Basil Chapman sitting For Larry Percevento and he's A well deserved rest. 120.47 is my automated Chapman wave resistance points In the SMH's We're at 120.32 The high of the day Is 120.41 And We broke the others So 118.03 Is the first Real support and 128.7 in the weekly chart is resistance So this is going to be very close In my show at noon we're going to be doing a Most important recovery Look, IBB I was asked about that, that is the Nasdaq Biotech iShares The trading 101.79 I don't see anything here There may be a little bit of a bounce Because it's on the 200-period moving Area of the weekly chart If it's not moving strongly right today It's saying that it's a chance that it's Just not in the purview of those fund Managers that are buying it I just don't see anything for the IBB I think it's stuck in that sector That a whole medical area that Is debatable right now because Of the politics involved So I'm going to wrap it up For the show, I'm sitting here for Larry I believe that Steve Rhodes will be doing it Tomorrow for Larry, and don't forget Shows all day today I'm back at noon Eastern time for the Tiger Nations hour, let me just tell you INDU, this is the Dow right now Is up 406 Points at 26,761 This is very good There isn't too much resistance other than the Automated resistance that I showed you a Little earlier, and any pullback If the Dow is still Holding up 320 To 280 At 130, it's still very good action It would have to give back at least a half Of this gain by This afternoon to say, uh oh Now we're going to have a bit of a consolidation Of the spiral and short covering On some news No real test, this is emotional news But we'll see what happens And we saw that the action in Starks like the caterpillars Cyclicals, the heavy duty guys That's important that they're running Right now, and if the dollar does keep Pulling back, the DXY Trading right now, oops I read it In there, just quickly, let me do this Stay tuned for Tom and Tommy Coming up right now, the bull bear Market, this is the The bull bear Binary options hour Coming up, yep now the Down 33 in the In the dollar, so Watch the dollar closely, it is Helping the commodities Hope you have a wonderful day Stay tuned for great programming All session