 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 Hi folks Basil Chapman singing for Larry Pezzavento I do the noon to 1 p.m. Eastern time show called the Tiger technicians out and I'm also the author of the opening called the any newsletter very comprehensive newsletter, and let me just go through this quickly Get it out the way the doubt closed yesterday at 27,137 all-time high It's 200 points higher 27,398 we're an eye blink away from that you can see this chart on the left Let me just move this over right here, and you can see there's a cup formation And I'll just show you this briefly the patterns. I always look at straight line up or down That's one arch formation. That's two cup formation That's three and then you can put a combination of them I put it in red because if the left side low in the lowercase h pattern gets taken out You can go much lower and on the right if the y formation gets taken out on the upside you can go quite a bit higher I always look for an alphabet a b c d e f g the fourth highest peak peak d Peak a is first peak b second sees the third d's the fourth That's where other things can happen doesn't mean to say you get a major cell signal, but often enough That's where you do get something look at the Dow at peak D in the daily chart on the 16th of July That was a peak D goes down to a trough e rollies back up But now we're in a leg D but look at the technicals the MACD is very strong Stochastics at 96% It's going to take quite a while for this to actually turn down very sharply Now there are a couple of things that I want to look at here, and I'm going to show it to you In terms of patterns There's a kind of a v-shaped pattern being formed in the in the daily in the weekly chart and the monthly and a nine-month Consolidation between January of last year going to the high of October of last year Then it pulls back comes all the way to the December low Runnies and in nine months time it makes another peak at a peak seen the Chapman wave So you've got these two nine-month Periods with very sharp pullback in the second month if it was much less I'd say hey, this is a massive breakout But this says that you could see a lot of resistance coming up if we make a new high It would go to a leg D in the monthly chart. We're gonna watch that closely All right Let's get to the nitty gritties because the ym which is the futures is at this particular point up 68 It's in a leg D 27 380 was the high in the futures of course. This is a continuous contract So this gets smoothed out the price That could be changed in another few weeks time when we get the Contract closure on the options expression coming up a week on Friday. So this is leg D We're underneath that previous high. We've got a high today of 27,000 301 79 points away from hitting that level. This is as I say an eye blink away Let's see what happens here So that's the futures the SMP and this is going to be very interesting because the SMP monthly chart I've only got this as a peak a Yeah, it could be an alternate count peak F as the dog. It makes a peak D and then we could have a deeper Consolidation I just want to be as thorough as possible and say at this point I don't see any reason why I shouldn't be calling this a peak a which is really bullish because it means you've got another at least 67 months to make a leg B and then a peak B then a leg see a higher C Then a peak C and then a higher D can go all the way into the end of the year even even to early next year 2020 But you need to hold 2800 to 2750 out of worst-case basis in the S&P Now the futures at this particular point. I'll go to the continuous contract continuous contract is up 750 We're in a leg E. We're almost at the previous high that was made back in 26th of July and there was a 3331.25 the S&P itself the cash made a high of 2027.98 and we're trading right now three three thousand and 0.93 and this is going to be very very important because how if and when there's a test of the high how it breaks is very much This resistance level in this expanding which I put it in because a lot of people are talking about it throughout the Internet they're talking about this expanding wedge formation. You know what? I've seen expanding wedge formations break to the upside and then there's nothing to discuss So I'm just saying that I I put it in because it's a discussion I always like to put things in to test them out at this particular point the magnet of this this Gray line. I'm gonna make it a green line because if there is a decisive break above it That's going to be very positive. So if there is a move in September that takes you to 3000 and I Don't want to just break it by a little bit. It has to go to the 3040s that's a and a close any week above that that's going to be important So I just wanted to show you that let's get out of this and we're going to look at the QQ Q Which is the NDX 100 trading vehicle? This is the QQ Q Investco trust series trading 192 72 up a dollar 29 pre-market yesterday's close was 192 43 All-time highs of 195 55 This is going to be good because you've got the same kind of pattern now. This is a slightly different one This has the rectangle formation that takes you like this Sharp move down and then what I always say is that within the rectangle formation in a shorter time frame You should get a peak ABC and even the D that takes you close to Right on or just above the previous high which is 195 55 and at that point You could start to see a consolidation take place Nakti is very strong. Stochastic is really good at 90 percent. So I see very good support in the 191 area Over the next couple of days Now I want to look at the IWM which led the pack All week and it's even up 14 cents right now at 157 14 leg C Got the cup formation Well 59 23 was the high of july the 21st. Hey 173.39 is the all-time high. This is way way under the Russell 2000 has been lagging decisively. Let's see if this becomes a leader over the next Month or two because if it does that suddenly you've got fund managers saying hey, we know what to buy There was a little confusing before because we kept going into the fang stocks. They're not doing all that great Well one or two are but they're not really doing all that great They kind of stole like amazon. Let's go to the small cap. So there'll be a place to go So I want you to do that. I want you to show you something also that I think is really interesting Look at the dollar very strong up 44 pips at 99.06 This is getting close to the 99.37 most recent multi-year high in the chaplain wave Look at the moves from the low of 88.25. We are long subscribers along from April of last year at 90.07 Via the uuP the trading vehicle is trading right now at 99.06 This is you know up at 10 percent in the currency. That's a pretty big deal And the currency I call I call the dollar the holly davidson of the american Well of the international currencies. It's the one it's the icon the american icon I'm not talking about the company holly davidson is which has just been terrible although they're getting electric Motorbike electric motorbikes not the point the point is just the name brand of holly Is is like cadillac around the world used to be so i'm looking at this as the holly of Of currencies is where Countries want to go if they want to protect their own currency So the dollar is up very nicely, but wait a minute if the dollar is up stronger than gold should Be up 24 dollars at 15 27. Remember I drew in this rectangle formation I believe in rectangle formations because they can last a lot longer than your patience So gold is stuck between 15 456 and 14 88 and it's right there. It's in a little bit It's kind of in the mid-range of the last big new to 15 66 If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex Heated by steve doll taz understands that in today's technological world the use of top flight software Applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o' brian just hosted the best way to use the taz profile scanner to profit This webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30 day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 call us today 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 tfnn 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 absolutely free for 30 days 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 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 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 All now toll free at 1-877-927-6648 internationally at 727-873-7618 Hi folks just to show you I remember I mentioned rectangle formations can last a lot longer than your patients Look at this rectangle patients in the two-minute chart of the e-mini the three three thousand and 12 ish Yeah, three thousand and twelve ish resistance 2006 is support and it's just kind of stuck for ever since the spike up at about quarter to eight This morning eastern time and now it's just stuck in this trading range. So let's get back to our story here So we're looking at silver isn't acting as well as gold gold Silver's up 16 cents at 18.3 .33 I suspect that both gold and silver are going to be pulling back silver as a target for me Shorter term meaning I'd go to maybe Monday or Tuesday into the 1750 area Maybe even to the 17s and then we'll see because that's that's going to be a big deal if it pulls back to that 1753 is the weekly 200 period exponential moving average and gold right now trading up 22 I think it could pull back to the 1506 1480 area And if it takes that out goes below it, it means you've got time and price in golden silver consolidating the tlt Is trading right now up quite strongly a dollar 60 what it had a pullback from 148 90 down to the 140 area I would say that you know, that's eight points nine points. That's a pretty big pullback Well, of course, it had a spectacular move up. So I think that yields are going to consolidate Having bounced and they can still hold their gains for a little while longer I think that the tlt is almost the same as gold if the tlt bounces and reverses at about 130 142 80 to 143 70 maybe even touch 144 30 And then reverses at any point in the next week and a half takes out 139 support Then we'll look at 138 is the 14 period exponential moving average in the weekly chart This is going to be important. So Iyr is the REITs and they've done really well in this period Look at this going bumping into I call this a chap. We've inside tracked repellent So look how many times this green and red Up channel has been hit and then the price has been repelled yet again This is an F and the bank is still good not great, but good and stochastic is good at 87 And it hasn't pulled back that much But if the Iyr that's the US REITs index trust starts to pull back deeper And closes at any point under 90.70 on a daily basis That's going to say now finally REITs because REITs are represented both capital gains and a decent dividend So that's kind of important to watch Something I wanted to also look at was the eu are USD is trading down sharply that much better than it was earlier. It's a 1.09 I just not a great pattern these these arch formations that keep making a low look This is that dreaded H pattern lowercase H right there the low that was made on the 3rd of september at 1.00 1.09 to 6 today's lows 1.09 to 7 so it's almost just Barely touched that trying to rally off it. This guy the mankins stochastic are okay But there's plenty of room on the downside if it takes out the low of If it closes under the low of the 3rd of september look at the usd This is the yen the usd jpy. This is the the the dollar us dollar japanese yen currency pair trading at 107 71 This is nice action. Look this and I love to make these patterns just so easy to do and it makes it just visually easy for me. I'm very visual Some people are very mathematical. I try to put the two together But it's mostly visual and you're in a leg c with a mac d very strong stochastic way up at 96 Over 80 percent is good over 90 percent is very good in the mid 90s is just great And this is acting very well so far nice balance in the weekly chart But it needs to hold 107 to 106.95 Support it needs to get to the 108 right there 108.60s quite quickly and that will say Very good action. I haven't whatever not covered. Oh, I haven't covered Copper coppers in the lower range and copper that we call this dr Copper and if they even want to call it dr copper anymore, but it does it does represent international buying of Building, you know some kind of building and this particular instances in 2.61 I was asked if I look at scco. I haven't got this note. I don't think yep I had a notator's note notator right now. This is a really good move This is a leg b and scco is in fact southern copper Corporation obviously in copper field 34.56. Ah copper field. This is the david of Right the metals all right a B So this is very nice. This is a nice cup shape cup shape formation Right there. It looks it's actually a little bit better than the copper chart It's held much better than the copper chart. So the question is Could I review it? Yes. So SS scco Southern copper trading at 34.56 Has had a very strong move going from the low that was made in the 26th of august of 2939 6 points 2939 29.39 I think that I said the 26th of august. This is put that in your correct if I'm wrong Yeah, very nice. So what I normally would do Is I would do a left side right side price time match Um and I take it to this it's already hit that goal And it's above the weekly 14 period moving average of 34.03. I like this. This is what I'm going to say It might be early and it might be another one of those big runs in three weeks that it has In the fourth week it starts to turn down. So I'm going to watch in this closely why In this particular instance the MACD is extremely strong Look at cross positive right there the moving average convergence divergence I know Larry doesn't use it. So some of you might not be interested in this Using Larry's techniques, but I do like this because look the green line follows the price See the way the green line not always but in this particular case it is and it's expanding and the histogram That's the little vertical lines that represent the distance between the green line Differential and the cycle of the fast moving average and the slow moving average of 26 Exponential moving average days That's an exponential means Greatest weight on the last close and I like this This is acting very well the 200 period moving average of 36.15 will come into play as a magnet If SCCO can even it doesn't have to close it. It just has to get to 35.09 Once it gets there says that 30 36 Um 15 area is game. That's number one. Number two is This is a pattern that I call the squash where the MACD runs up sharp And the reason why I put the slow stochastic below it years and years ago when I started doing this I think I got this from Jake Bernstein's book way way back. What does it pull? I kind of summon around can't see And that's one of the few I one of the few things that I actually Took from someone otherwise almost everything that I've done has really been an investigation that I did myself and I developed these things But in this particular instance, I love the the idea of the stochastic I don't know if you use the MACD But I use this because the stochastic is the torque it gives me that starting first gear second gear third gear Of course, if you've got an electric motor, you don't have that But you got this torque and if the MACD expands commensurately with the price moving up parallel I call that chapel of squash and that should get you very quickly to a leg C Then the stochastic starts to flatten out and the MACD takes the momentum It takes over the torque and becomes a momentum play and that green line keeps you going and that should take you to a deep I like it. I think there's tremendous support between 33 90 and 33 70 I like it very much. I think it's getting my target. 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So we want to look at the the market that's just opened the dow is up 71 at 27 208 Getting closer and closer to the all-time high, but now you've got to be careful right here with a lot of news about to come out Um, you don't want to be too bearish. You don't want to be too bullish You just got to have whatever positions you have just start monitoring them a little closely um, and uh, I have here the automated chaplain wave, uh The resistance levels. He has the dollar 98 98 is the one of the resistance levels We're actually above that now Then you get a whole plethora in the weekly chart the middle chart. He has 99.16 99 27 and then look at the monthly chart a chunk So it would take the dollar to go to 100 to really break out So right here a little bit of resistance coming on a little bit. There's quite a bit of resistance if you're looking at the dow I and du the dow up 63 now Look, uh, it broke all those resistance It kept bumping up against and it couldn't get through for four days and then yesterday The last hour just saw this acceleration up went right through the levels. The next one now is 27 474 then 27 461 in the daily chart A lot have been broken in the 120 minute chart and then after that you're up in the 28 thousands This is the weekly and then the monthly goes to 27 5006. So a little bit lower down So this is going to be very important to see how how the market handles for coming days Look at the s and p with the automated chaplain wave resistance levels a lot all the way to three three thousand and seven point 65 three thousand and eight and three thousand and ten point 84 and we are right now at three thousand and eight Hello, we are three thousand and ten point 93 in the s and p We're a couple of pennies above the last resistance levels. This is really a Very powerful move. Look at the qqq up at 135 at one and 93 78 It also is powered above two of the resistance automated resistance levels and 194 40 is next And then a whole bunch much higher up IWM. I'm looking to see does the IWM lead the way again IWM is down 31 and that's what I was thinking that the IWM and some of the very I mentioned in my show the target conditions are coming up at noon yesterday and the day before and the day before that there are a ton of A ton of single digit stocks that are just gone straight up A lot of them not way more than usual and that represents like the the Russell 3000 or the 1000 These are all the small caps 2000 and as a result It means that fund managers are starting to put money to work And I think that we need to now be a little bit careful in some areas But as long as they're finding Some place to put their money that they feel comfortable with They will start to go there slowly and then it'll increase and get quicker and quicker And the end prices should be moving up So IWM should be on your list of watch to see what's happening. So the next thing you're looking at right now is Within the context of the different the different indexes. Let me see what gold has got right here gold has got Resistance levels. It's in between 1515 has gone through Yeah, it's just stuck in a range of most important things 1486 to 1481 are key support levels in gold I want to also look at crude oil. Let me just do it on this particular chart right now Crude oil has dropped sharply. It's down a dollar 32 Oh at 54 44 53s, that's a better hold of 53s. Otherwise, it's a big problem. Let me go to this right now We're looking at cl crude oil. This is the continuous contract Made a peak c pulling back sharply and the other rectangle. I've been talking about this for a long time for over a month. I've been saying Crude oil has been stuck in a range and my expectation was the 57s would be Very strong resistance and the 52s would be very good support. Well, it went to 58s Hit the 200 prid moving average now. It's down to 54 42 Stuck in a range stuck in a range means stuck in a range for a while and this could stay for a little while We're watching crude oil. I want you to do a couple of things here I want to look at the look wheat dust wheat is trading quite nice He's up two and three quarters at 480 and a quarter in the continuous contract What's really important is look the MACD is sorry to rally Stochastic is up at 81 percent. That's usually very good So I'm going to draw in a cup formation like this It doesn't have to go to the left side high because a lot of things have to happen before it can even do that But right here on a shorter term basis, you've got trend line. Look at this. It broke this trend line resistance right here And then there's another one a little higher and you can see that if Wheat starts to trade In the it's in a leg B rates it actually in a peak B And it says that if wheat starts to trade at 4486 and a half or higher All of a sudden this is very big ugly candle some of you'll remember that if you trade wheat On 12th of august it plummets from the 505 round number I opens at round number 503 goes to round number 505 high and then slumps down to the 469 area So once you get into that the halfway point would be the 491 is really the marker there How does it handle 491 if it can get there this weekly chart? This is what I call the eiffel tower like a uppercase a straight up straight and happens to even be a leg It's one of the monster moves. We happen to be lucky at the time. We were in the dbc Which is the the agricultural fund most the agricultures and was doing very nicely and then we got out So I'm nothing right now, but looking at it and saying hey, maybe the chinese will be buying our Agricultural products. We'll see Look at this Soybean is up 13 and a half at 880 really nice. This is now a leg B and brand new B because it made a lower low over there But the magdae and stochastic are holding very nicely to here again Look at the left side left side high of this is a continuous contract of of the 22nd of august of 882 clears that Your next hurdle it says try to get to the high of the 13th of august at 8 in the 896 area So that's that and key support levels will be uh the the low of the day today breaks the low of the day today That's not not going to be good Let's look at corn con as we say here in boston area up two and three quarters and 362 and three quarters And it's really lagging not so great made an uppercase AI for talent broke the left side low This is a real lag it can it become a leader? No, not until it breaks the gap down low That started the close on the 12th of august at 394 and the next day gaps down the highest 388 so that uh That's six or eight points That needs it needs to get there needs to get into 392 area The moment it starts to get to 392 you will see that weekly chart improving. That's going to be a tough tough road to her Lean hogs. I've just got this as a continuous contract. It's up three at 63.175 It's had a successful arch formation. I like this arch formation Is right there and so far it's held the left side low very nicely so I can start to draw in The the h pattern goes to a u-shaped pattern and that's really good and it says if There is a rally it can go to the to the left side moving average of importance or it could go to Right there or it could go to the previous high and that previous high in the continuous contrast with surround number 68 On the on the 5th of september, so we're watching that one closely So as I said to subscribers today Watch out for any kind of failure and I'll talk about that when we get back Um, I'll be right back. Now is down. Down's only up 29 s and bs of eight If you are 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. 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That's 877-518-9190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report The summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30-day money back guarantee. So you have nothing to lose Every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the xa u Hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average Unrealized profit of almost 38 percent for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily s&p 500 bull and bear Leveraged ETFs Direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus And summary prospectus call 8664767523 or visit direction investments dot com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services The bull bear binary option hour next on tfnn So platinum is basal champion sitting for larry pesavento. This is trade what you see and we're looking at 951 20 up 11 in platinum same pattern. It's going to be stuck. I think in this range here Leg d in the weekly. I'm pretty sure that by Tomorrow's close will be at a peak d in the weekly chart. Yep the consolidation of the spectacular Tackling the spectacular move here. That's what you've got to anticipate. I was asked about Let's see if I can get to it right now Let's see tony in philadelphia wants to know a good morning basal if type of miss could you review xbi xbi is in fact This is has to do with the this is a spider s and p What are they actually called Xbi Yeah, the biotech. So, uh xbi is trading quite nicely here. It's up. It has been up But I I think that this is an area you've got to be careful about 83.39 You know Let me just put it this way if you look at the ibb, which is the nasdaq It's the same sort of thing the xbi is just a little bit better often the ibb is a little bit better This is the ibb is the nasdaq biotech the s and p biotech is the xbi I I think that they are kind of stuck, you know, you've got the politics involved I would prefer to look at some of the Some of the areas that are independent. So they're in the medical field But they're in areas that are under the radar they not Had they don't do in the improving health care area. That's really what I I'd I'd be looking at So I'm just going to say xbi if it's at 83 13 if it's able even to get to the 83 89 to 80 403 area that 84 64 200 period exponential moving average is like a magnet It should then bring it towards it But the 200 period moving average in the weekly chart of 77.46 I think it's going to take a little bit to get away from that It's going to keep being a magnet on any weakness at all to keep coming So I'm just saying be careful. But if you're in it it me at 83 13, it needs to hold 82 82 10 to I would say 81 17. Let me see the 120 minute chart Yeah, yeah, I that's the way I'm looking at it and just I would have a trading stop on at least part of my position I don't want you to give back too much because if it goes at any point in the next week if it actually goes under yesterday's low of 83 of sorry 80 It was 81 59 Now that's a long way to two points to one and a half Yeah, if it if it starts to go under 81 90 I'd be kind of careful because it has a habit. Look, it's making lower lows and lower highs This is the first time it's making a little bit of a lower high I'm sorry a higher high higher low and then a stronger high And that kind of is good. But every time it's done that it's stored within a day or two. So Tony It could turn out to be a nice slow mover. That's what you really want rather than a pullback With lower lows. You wanted to see Higher lows and higher highs. That's really the the theme of moving up a buy mode higher highs higher lows So I'm just saying to you. It's not a favorite area of mine, but I think That's the one that I think is acting much better I by H is actually also holding quite well when you think about what's coming up in politics against anything to do with health care So, I mean in terms of pricing, let's put it that way. So, yeah, just be a little careful Next question I had was Could I have a look at the IWM? Why is it pulling back? Well, it's pulling back as it's had a spectacular move But in the within the context of thinking of it, maybe like a rectangle formation Look at this. If you think rectangle formation, it's just stuck in this range So until the IWM actually starts to trade on a weekly basis two out of three weeks in the 164 50 or higher area That'll be a big breakout because that'll say it's going to try to test the high that was made back in may of 161 11 So you need to see this follow through and the MACD and stochastic are very good So I'm talking about this as if it's a temporary thing. This is a better looking chart than the IBB or the XBI It's the Russell 2000. I'm just talking about chart formations So I hope that helps you Tony and the other thing that was asked of me if I can do that if I can remember Oh, um, yeah for my subscribers some opening call I didn't really have a chance to give it to do justice that I like I would like to do So the gdx I've already started doing an analysis, but I didn't write it up for today I'll do it I'll probably do it for tomorrow or definitely over the weekend I just don't see a rush right now to get into the gdx. He's had a spectacular move It just needs time. It doesn't have to break down. I've got tremendous support in the 26s. Here it is at 28 56 Let's just deal with it as it unfolds I just think this is a nice digestive phase of this spectacular move and then monthly charters in leg c It eventually should get to a leg d. They're 31 88 200 period moving out should become a target Aha, do I hear? Do I hear the music in the background? No, but okay next question I had was CC I don't know why that came up This is the stock that we had had a fantastic move we ended the one 135 we took Some money off in the way up to 145 and then to 148 21 it hit 149 47 and then came plunging down The reason why I've kept some of it is because The I sit to subscribe is I still think because of the monthly chart that the tlt That is I'm talking about this as if it's it's an interest rating. It's it's towers a reed crown castle a reed In the in the reed area and it does towers. So I think that there's still room There's going to be a peak c in september if there's no new high above 148.19 the tlt trading at 140.98 I think at some point with the pressure on countries to To fund so many different things I think that the pressure is going to be for rates at least to have one more phase of lower rates And then I think we've got a different kind of a picture to look at so just dealing with it on that basis That's the reason I thought I'd keep it but I am thinking that if it does if cci does have a rally We'll take a little more off on that rally. I I don't want to give back huge huge gains that we had 135 to 149. I mean that's that was a big gain. So That's why I'm looking at it and it's this weekly chart that is about this week is about to go to a cell mode Sorry a cell signal the data is in a cell mode. I need to see the magdae cross negative and the stochastic 86 Which is still strong in the leafy chart go under 80% and then it goes from a cell signal to a cell mode Meantime that monthly chart leg d is still acting really well. So let's just deal with that now I mentioned earlier on about the rectangle formation. Look how this went from a peak a b c d Let me write here's the d another d in the two-minute chart to give a nice Reversal signal and finally it went above the rectangle into the rectangle and down and now it's got a one-to-one relationship to the to the two-interpreed moving average there of 2002 2009 99 would be the 10-minute chart Moving average that we'd be looking at for the e-mini and that's kind of what I expect I said to my subscribers We're going to place buys on what we still want much lower down today because I am anticipating that there's some kind of bumpiness and that if at 130 the dow is given back gains and instead of being up 50 points it is actually up only 15 or even down some that's going to be Harbinger of possibly a weak close So we're looking at some kind of resistance here, but the technicals are still very strong Look even with this pullback look at the dow holding In leg d and this mag d the moving average convergence In the daily is still very strong and the stochastic is at 97 percent It'll take really bad news to get it back under 26,850 and that'll be a sign to say Whoops now weaknesses game to set I'm certain you are or strive to be one of the best of the best at everything you do 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 our number one market timer in the nation for the s and p 500 for the last 12 Six and three 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 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 home page of tfn.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 tfn.com What are you waiting for all of the tfn 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 tfn 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 tfn 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 tfn.com and click the newsletters button near the top of the page tfn.com educating investors 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 and 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 tfn.com Cancel at any time during that trial and pay absolutely nothing Get your two 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 Hi, everyone. Let's just do a wrap up here basil Chapman full every preservato trade What do you see? It's my pleasure to be here at noon today Instant time. I'll be doing my show called the tiger technicians. I always see all these charts We'll discuss them in greater detail discuss the patterns that we're always looking at So the dow is broken above the resistance now it's going to the next level It's trying to go for 27 398 The way the technicals are here. I think it should it has a chance to at least try to make that My big concern is that we've seen so many double tops in the chart formations That there are there are Resistance levels that we've got to respect and if the dow breaks into 27 600 It's up and away because it's just fresh territory But let's see how it handles this 27 300 to 27 400 area And I'm talking about the dow because it's it's what everyone speaks about when it's on the news But the s&p is the same thing 3027 was the high Technicals are still very strong. So they're still room to go to the upside It's a green line. The green line goes all the way to 3067 so it starts to break into 3060s. That's going to be good action So be careful the iWM is taking a bit of a breather Some of the dow stocks have done really well But it's under the radar stocks that seem to be holding up even better like the iWM up until today taking a bit of a breather So have a wonderful day and I will see you Hopefully I'll see you at noon. Otherwise Steve Rose will be doing a larry show tomorrow I have a wonderful day as I said and I don't want to My engineers already noted how many times I've stepped right over the break Oh, wait a minute. I got a moment or two and in the moment or two I'm going to say what's the vix index trading in the Probably using up too much time 14s says that there's some buying pressure Underneath the 40 underneath 15 in the 14s and 13s as buying pressure get to 16s start to see selling pressure Make it as simple as possible. I think I'm about to hear the break Final segment coda coming up. There it is. Yes. No Soft very soft. I'm waiting for it. I didn't want to beat go through that stop sign again There it is Thank you Let's see how the dollar's doing as we're about to wrap up the dollar's whole give her back some of the gains only up 17 Since it's that cold that's holding it right now. Well, let's see what happens at the end of the day Have a wonderful day and hope to see you at noon. Check out my opening for newsletter