 Let's get over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour. And don't forget, Basil has an outstanding show here every trading day, 10 to 11 Eastern standard time and an absolutely great newsletter, the opening call. Now, it's very easy to get the opening call, folks. You come over to our website at TFNN. You'll see, you go into newsletters, you see the opening call right there. You get the opening call for one month for $149. You get it for six months for $695, which is a savings of $199 at 22%. You get it for one year for $1195, which is a savings of $593 or 33%. Now they all come with a 30-day money-back guarantee. So you can get the six months, you can get the year, you get the month. If they work for you, that's awesome. You just continue it. If for some reason it doesn't work for you on the 29th day, folks, just tell us, hey listen, it didn't work for us, you get your money back. And on top of that, Basel has approximately 12 archives out there so that you can really see how Basel looks at the market each and every day and how he rides that wave. Basel Chapman, welcome back, man. How you doing? I'm doing well, Tom. How are you? Good. Do you have a good time? I really did. In fact, we went to visit a really good friend of my wife. We went to medical school together way back. And she lives in London and we went to visit them and then we went down to the south part of England, which we've never been to. It sounded like Boston because we were in Dorchester. Where was it? It was Dorchester, Weymouth and Portland around the Boston area, but it was so terrific. Really beautiful. You drive on the countryside and the different colors of the farms, the greens and the yellows, it was just really beautiful. And along almost all the side roads, they have a little hedge that grows along those sidewalk on both sides. Okay. So it's like this little mini protection part that you just keep going and it's really very beautiful. It was lovely there. We're on the Jurassic Coast where that's some of the dinosaurs, et cetera where it was very, very interesting and very different to the occasions we've taken before. And of course, I was looking at the market and I managed to do one of the shows live. I know, I know. You're a trooper, man. No doubt. Your wife, it must have been awesome seeing someone you went to school with because it's just like that, right? It's just like old times when you see someone you haven't seen for 30 years, which is amazing. Right. And this is, well, this is, they were at medical school together and they used to study together. Cool. And so, you know, they've gone different, different directions and her friend landed up in London, been there for a very long time. We landed up here, but it was very nice and very good to hear them together talking and it was, it was a lot of fun. Nice. Well, welcome back, man. Thank you very much. Let's ride this wave. Where we going? This is interesting. You know, there's a pattern I talk about. It's this lowercase h, I call it the dreaded h, because if you come straight down, I'll show this chart right here. If you come straight down and then you make this arch formation and fail at the first or second peak, peak A or a peak B, and then you come back to the low, but you don't break the left side load means you can have a good rally, but you could go from the h pattern to a lowercase m pattern. That's the one that better not break that left side load, because that could be quite serious. So here we are, 32,937, and the doubt was that, that very sharp four-day slide from the 1st of May at 34,257, then it bounced and it failed and it came back, but it didn't take out the 32,937 low. That was about six, seven sessions ago and then ready to gain. Now we're pulling back and we're going to see where this goes. It's on the 200-period moving average. That's not the point. The point that I wanted to make was that from the load that was made in October, and we're very likely, we went along right at the low. So we're still holding those, the long positions, but what my contention has been is that if we are able, and this is why I always like very much to be able to time highs and lows, because if you get, get that when the market eventually has this digestive phase, you out of that, you've already got a good cushion. So, you know, talking about it here, 28,660, my contention has been that on every big bad news event over the period of months to come, that's what I was projecting on, if we were able to get in low enough, every time there's a pullback, if it comes from this higher level, up around about the 34,000 level, it means that you've got a good cushion. And here we are, once again, you've got this debt crisis coming up, or we don't know yet if it's going to be a crisis, but there's a cushion. So that to me is a good sign. On the very short term, I'm a little cautious, but now look at this. So, you know, in my work, I always like to look for peak Ds. If I get a buy signal, which is upgraded to a buy mode, it should give you at least four higher peaks. Well, all of a sudden, we got to this peak C two sessions ago, and today we're pulling back. This is in the S&P. So I'm not sure, I don't quite understand this, because the technicals are still pretty strong. It's quite a bit of a pullback today. I don't know how we can squeak to the 4212 area to be able to make that leg D, but I'm watching it very closely, because if you look at this as the S&P, so the Dow is ready for a pullback, it's already in this digestive phase. S&P made a new recovery high just the other day. In fact, it's almost a yearly high for the last 12 months. Now look at the QQQ. I'm always looking for D. Well, it made that D at 338.67. Technicals are still good, but it's a pretty sharp pullback. But the flat stochastic at 93 says it's either going to be a vicious decline using tremendous power and speed downside, or else we're just going to be choppy choppy for the next three, four, five sessions going into the end of the month. So I'm watching this very closely, because everything's set up to be cautious. We've become quite cautious. There's a stock I spoke to you about quite a few weeks ago that's called Symbiotic Inc. End-to-end artificial intelligence, robotic warehouse automation systems. We're in the 21s. Here it is at 31. It's done very nicely. We're taking a little more. And it's also, look at this, kind of a double top here. It has gone to this. It's almost the same as the spy in leg, maybe CE. But I'm saying this to be a little bit cautious is another one that we had, which is BOTS. This is very interesting. This is the Global X Robotics and AI ETF. We've had it for some time. It's now at 26.29. It took a little bit of profit. And here it is at a peak F. So everything says to me that we're in an area that makes the market somewhat vulnerable. But if you look at weekly charts, the weekly charts have done very well and are still holding very well. And that includes, let me go back to the QQQ, because this is going to be really fascinating. Look, the technicals here on the QQQ weekly chart, this is the MACD. Look at the distance between the two moving averages. That is very powerful. Look at the stochastic flat at 95%, 96%. That's really good. And the nine-period moving averages way over the 14 and the prices way over. So I'm looking at this and I'm saying, we're ready for some kind of a digestive moment. But the charts are not saying yet that there could be a smash to the downside. It's saying, be a little bit careful here and be very selective. We are still looking at some stocks, individual stocks that are doing well. So I think this is a period where raising some cash, there's nothing wrong with that. But at the same time, I'm just saying, let the market tell me, we've got a little cautious right now, but the weekly has improved in the three major indexes and the monthly chart is starting. Oh, look at this. Just as we're going to a break, look at the monthly chart. Finally broke out of that resistance in leg C. It isn't very strong, but at least it's broken out. So they're all good signs, but I think we're ready for some digestive phase. And folks, it's very easy to get Basil's newsletter. Come over to our website at TFNN. You're going to go into newsletters. You see Basil's opening call right on the right-hand side. Hit it, and you are off to the races. Basil, you have a great one, safe one. We look forward to show you tomorrow. Thank you, Tom. You too. Thank you. Stay right there, folks. We'll come right back. 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