 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Good. What's your product? It's happening here on this Friday, the 21st of July. Getting very close to wrapping up the month and we'll be looking at monthly bars in the moment in different indices. So this is really important for me. On a purely technical basis, this is a technical Friday, so we're going to be doing this in a kind of a technical way. $35,372 was the high yesterday with a chamois inverted green Roman candle. What that means is if we can trade above $35,300, as in my work, for more than 60 minutes, I say to subscribers to my opening call, then there's a chance of retesting the high of $35,372. What I didn't add, because I really wanted to let the day play out and want to have any presuppositions or anything like that, is that if there is a close below yesterday's low, and for two out of the next three days, we close below that low, we have made at least a near term, not even a short term, just a near term top. That's $35,091, let's just say $35,090. The close below that today, I'm not sure that's going to happen. I'm just saying because it's options as well, exploration plus the rebalancing. So this is the daily chart. We're always looking in the chamois methodology for a, let me see if I can do this now. I don't want to mess anything up. I'm working on one computer. There it is. So we're always looking to, wait, I can't do that, huh? All right, just a minute. Oh, I can do that. There we go. I don't want to mess around. Things are working right now. Anything can happen. We always try to identify the lowest low bar and count each successively highest peak, going from a buy signal upgraded to a buy mode with the implication that there should be at least four higher peaks. You can go higher, but the minimum is to expect four higher peaks in that particular time frame. So we've got the low of $32,586 on the 26th of May. And what do we get? We pick peak A, make it gray peak B, and then it gets upgraded to a buy mode from a buy signal, being it should go to a D. Lo and behold, it goes to a D at $34,588 on the 16th of June. And then it pulls back, and then we had a red inverted chamois Roman candle. But there, there was really, there was just momentary negative news. Remember, we came plunging down, had a second Roman candle. Now, this is an inverted green one. It has the same implication, but it's a little bit stronger. It means it's happened on the upside, and it's still in an upside trajectory. So in this particular instance, what we're looking at is 35, up 37 at $35,263. We've got your leg D. Remember, this is a floating letter. And I'll just make, I'll change this to gray since you can see it, I'll change it to blue. This is a floating letter. This stays a leg D until there's a lower high. So if today we don't have a move up above $35,372.77. If we get to 77, it's still leg D. If the high today's $35,372.78, we've extended leg D. That's the most important thing. But look at this. The price is way above the nine-period moving average in the daily chart. The nine is way above the 14. The MacD is still expanding. The Syracac is flat at 91, but the on-balance volume hasn't been really proving. There hasn't been a volume acceleration to the upside. It's been a very nice straight move, but not going to an overboard situation. Unless I do this, I squeeze this by going like that. And look what happens. All of a sudden, you've got the nine-period moving average looking a little bit more overbought. So that said to me that if there was any way that we were going to take a position on the short side, it's a process that you've got to be looking at because to turn for the green to turn down and go under the black-period moving average, that's the 14-period moving average, you'd probably have to see 34,200. That's 1,000 points or at least 800 points of the downside with bad news. It's not good enough that you just get the price move. So this would be on a very near-term basis, kind of a way of assessing whether or not there's internal strength, enough residual strength and internal strength to push higher. As a breakout, it's also a straight leg up and that's really important because it says at worst you've got to be cautious and think you can go a little higher, but you've really set the boundaries with 34,900, probably 34,800 is near-term support. But that would start the process of that nine-period moving average starting to come down. And it's a process. Look what happened here in the process. Since it crossed positive back on the 5th of June, this nine-period moving average has not gone negative. It's getting a little overextended in time because that doesn't, it doesn't, okay. So with that said, I've just got a message to say. Let me just see if what I've got here is that, I don't see anything. Oh wait, is that for me? Let me just check. Charlie, you're framing him. Charlie, how are you? Good. Thank you. How are you, Basil? I'm very good. What would you like to look at? India fund, IFN symbol. I'm looking to buy this for its 10% yields. Oh, this is, wait, that's the Indie fund? Is that what you're talking about? India fund, yes. Yeah, so it gives you a yield as well. What's the yield you're saying? 10.1%. Okay. So let's do two things. First of all, when something gives you a rather, I wouldn't say excessive, but that's in the starting to get to the rather excessive side of yields, the 10% in this day and age. I'm always a little bit suspicious. That's not to say it can't happen. I know someone who sent me a note maybe eight months ago about a gold stock that was trading with a, was it 13% or 14% yield and the company's still in business? So these things can happen. This is not a company. This is the India fund. That India fund is not going out of business at all. Now, what is interesting about the chart itself, the chart is suggesting that we've got a trading band between maybe a little bit higher. The high that was made on the 19th, that was three days ago, is 17.59. And the low that I'd be looking at is really important support to hold over the next two to three weeks is 16.27. So that's a point. So when it comes, it doesn't matter because you're buying for the yield. In a sense, you're not worrying about the price as long as the company, in this case, the country stays solvent. Isn't that, that's, that's really what we're looking at, right? Okay. So we've got a break coming up. I'm just going to do a little bit of my chapwave notation on this. And as soon as I return, I'll talk about that. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll Free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks. We're on with Charlie and Framing M Mass, and we're looking at IFN and IFN, and this is going to be fascinating because it's the India fund. India is not going out of business, so this should keep going. I did some work with it during the break. I've got an alternate counting because I don't have to go into detail in terms of what you're looking at because it's not as relevant as it should be normally. But I do have an instant resource. I'm calling this a peak E that we've got right now in the daily chart. So it could pull back, but if it pulls back, although you're fixing a new yield, the yield would go even higher. So if you don't have this as a major part of a portfolio, if it is just part of a portfolio, because it's the India fund and India's... I mean, there's no question about it that it's going to be around for a little while, I'm going to say yes. I think it's doable, but I would put it... I would not... I put the amount of money you prepared to risk. I'm still going to look at it as if there's a chance that something could happen with the yield. They could also say that, look at the prices going down. We're going to whatever it is, whatever they want to say they can say in terms of changing the price of the yield as far as I can tell. But I think yes. I'm going to say yes to you in the sense that if it was a company, for instance, someone in the den said that which is... that's a Norwegian tanker has a higher yield of about 12, 13%. That's a little different. There is risk. But in your case, I'd say this is something that... I think you've done your homework. If you feel comfortable as a part of your portfolio, I'm going to say yes. Okay. Thank you very much. Okay. And the only other thing is I would just monitor the price. If at any point it starts to go down to under the 15 area over the next three, four months, they might change the actual price of the yield. But if you're locked in 10%, then that's fine. So I hope that helps you. Thank you very much, Charles. Okay. And I do have a target in the shortest term, which is very close, 1776. And it's almost there. That's where you should see. That's about right now is where you should start to see some resistance. So have a great day. Have a great weekend. Thank you very much for calling, Charlie. Bye-bye. Bye-bye. So folks, let me do this. I want you to show you the same thing now. So I'll show you that Dow is going to have to be a process for that nine-period moving average to pull back. The S&P right now is up 12 at 45.47. I'm calling this a leg F. It could be an alternate count. I just decided everything's positive right now. But it is rather extended in the sense that there's a gap. And it said 1, 2, 3, 4, 5, 6, 7, 8. This is the ninth session after the gap. So I'm suspecting at some point the 45, sorry, the 44, 54 to 44, 44 area is going to be tested when I write at this point. If I do a left side rise at price time match, I'm still saying this the last week or so going into the first week of August. My anticipation is that this choppiness is going to continue. The QQQ has come back a little bit after being had a good opening pullback and now it's up 1.04 and 377.79. It's got two gaps. It hasn't filled the first gap. And that first gap, the high of the bar is 374.19. So the 374s will be the first area of support that's really important to hold. SMHs, semiconductors pulled back. Now they're up $1.18 and 154.05. I was talking about this yesterday saying, I believe that the SMHs, Van Ek, semiconductor ETF should be making a PD here. And because of that, the key support would be in the 154s. We went right through that yesterday, but now it's right in the 154 area. Leg D in the weekly chart. Here the technicals are different. Here the technicals are showing some weakness and I suspect that the real someone emailed texting me last night saying, are we looking at like 130s? I can't remember the price, 130 in the SMHs. No, I don't do things like that. I cannot. I go one step at a time. After all, there's incredible support in the semiconductors from 145 all the way to where we are right now, 153. So all of that has to be taken out. But on any weekly basis, if there is a close under 145, the SMHs are vulnerable to further decline. Looking at the IWM, the Russell 2000, which was leading for a while. Now it's kind of after the little doger candle at a peak D three days ago. It's kind of stalling. It's not breaking down. It's up $0.10 at $195.19. I just put the, I'd call it a stalling. The MACD is good. Stochastic is 92%. Unbalanced volume is a little bit overboard. Nine period is acting well. It's way above the 14. Price is way above the nine. Everything's good. Reggie chart is good. So in all these circumstances, what we're looking at here is the potential for some kind of a digestive phase to be taking place. But if we don't get bad news, that's bad economic news. And what do I mean by that? I mean news that the market perceives as negative. That's the only thing. If the market says, oh, the same news yesterday could be fine. Today, the same news could be bad. It's the way the market perceives it. So far, the market is not taking anything too seriously in terms of negativity. Hey, this is what I want to look at. The TLT. Look at the TLT stuck in the range. I've been saying that forever. It's like a broken record stuck between 98 and 100. Well, now it's a little bit low. It's that midpoint of the rectangle, 105. As long as we stay there, yields are in the upper range, but they're not doing very much. Go to the dollar, DXY. The dollar right now is at the 14 period moving average. It hasn't touched that since it was there back in early July about three weeks ago. There is a 26 ticks. Not a big deal. 101.09. What is a big deal is that in the arch formation, the lowercase h. I'll do this on Monday. I don't want to change anything right now or Tuesday. This lowercase h. It becomes a lowercase m in the weekly chart closes underneath the left side lows in the 101 area. Now what we're looking at is any rally has two bars in which to close above and so far that we got. It's Friday. We got until four o'clock. It's at 101.09. What's the level we're looking at? We're looking at the level of didn't want to come up. Oh, there is 100.82. So yes, 100 and about 10 cents above it, which is very good. More importantly, what we're looking at here is the EUR USD made that right here. Leg D in the weekly chart, peak D in the daily chart. So it's pulling back. And that confirms for me that in the short term, there's a chance that the dollar connection starts to give up a little bit more and for a little bit of selling pressure to the general market. The USDJPY is up sharp. I'll be right back. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. 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But remember, this is your starting point, and your objective is always to count each successively higher peak. Well, that's a peak, that's a gray A, gray B, then the stochastic goes over 80%, so that becomes a bi-signal to bi-mode. That goes to a C, blue C, we call it. And then a D. And now it pulls back sharply. So I think this is in a consolidation area. It's already made the D. And it's made a peak C1, C2, C3 in the month, in the weekly chart. Monthly chart is spectacular. We've from initially a month after its IPO goes from the 25 level all the way to about 47 pulls back sharply under $30, and now it's trading at 42. This looks to me like it's making a, I'm going to draw this in again and we'll see what happens. This is a rectangle formation that I'm looking at, and it can stay here for a little while longer. And as soon as the source to break one of the sides, in other words, as soon as the source to trade about $48.50, that's a big positive. If a source to break under the 200-page moving average in the daily chart of 37, that says be careful, it's probably going down to 36 low. But in the meantime, cap down, red candles today. I just say be a little careful. If you're long-term long, hold it. I like it. I love the way that I love the MACD action in the monthly chart. It is really strong. So this has internal strength, but I'm looking at a couple of months. So I hope that helps you. I just want to go back to the USDJPY. That is the YEN, Dolly YEN currency pair. Very nice move to the upside. Very sharp move, in fact. It's up 1.10%. This is a currency up to 1.10% in a day. And up $1.54, $1.54 cents at $1.41.61. I think in the weekly chart, it's going to make a leg D at some point above the high that was made at $145.069. And that's the case then. I'm looking at the dollar showing some internal strength here. I said internal strength. It's more residual strength because it's been in such a long-term down mode. And that residual strength is peripheral and because the MACD hasn't yet crossed positive, it's closed, but it hasn't. It's still very weak. The stochastic is down 19%. 19.99 under... Oh, there it is. 20%. I wanted to say this got to get into the 20% area. We just did that. So this says it could have a decent bounce into the midpoint to 103.88, 104.03. That's a chance. And we'll see what happens. Anytime the dollar starts to trade again under 100.37, something like that, 100.42, that's a problem. It's giving up the strength. Okay. Now let's go through Apple. Wait, I haven't finished crude oil, so let me get to... So Apple, I spoke yesterday. I said a little bit of a double top here, but it did go much higher than the 1.9448 level. So you can't consider it as a double top per se. It has characteristics at 1.9823. It's given some of that back, but it's not a big deal. But it's this candle that we're looking at on the weekly chart. If this inverted... Well, let's call it... Let's call this candle at the moment because we've still got to wait until 4 o'clock. But it has got like evening star, a little bit of a reverse hammer candle. If there is a lower... Whatever the price, the lower of this week is, and so far the low of this week has been 191.81. If next week there is a close any day under 190, that's next week, right? That impacts this candle and says that this... What might turn out to be a doji type candle is possibly a reversal candle because it's extremely overboard in the weekly chart on the unbalanced volume. What is fantastic is that in 91% the stochastic has been flat. The way I'm looking at it is that I think that the daily chart on Apple is going to start to weaken and that as soon as we fill in this gap and the high that we're looking at would be a high of the 14th of July of 191.18. As soon as that high is taken out... Isn't that interesting? And the low three days later was 191.81. So you've reversed, you've got 18 and 81. So if 191 is taken out on a closing basis, Apple will store for a little while longer. Costco was the question I had, got to look at Costco, Leg D, everything looks fabulous. MACD's good stochastic is 93%, almost 94% unbalanced volume is good. So this is a process that we're talking about. Now we might be looking at a situation where we got this rotation going on and within that rotation it's going to be very interesting to see and look at the weekly chart and look at the monthly chart improving that in the rotation, the Dow might hold a lot better than the others. And that would also include certain stocks in certain categories. So Costco is in the XLP. Now why am I just suddenly forgetting about the symbol? Oh yeah, that's the consumer staples. Peak A, peak B, under that goes peak A, peak B, this is a leg C. And this is the reason why I think it's a process because there are some key sectors, there are some key stocks that are only in C. They need to pull back and then they need to make that D. So that's the reason why I'm saying this is kind of a slow rollover if it's going to be a rollover at all. But most importantly my indicator and we'll see where it is right now is the semiconductor index which is now at $153.35. It's down from the high of the day but it's still up $0.40, up $0.35. I'm watching this very closely. Now I want you to go back to... I don't want to forget anything. Had a question. A couple of things that we need to look at which I think are very important. I'm going to go there. Just scrolling through the questions I'm on one laptop. I'm trying to do what I can do. Five monitors all in one. Okay, yeah. So IAI is very important. That is the perfect solution. And it's down to $0.05. I'll bring you the other thing about that. Gold report. As a precious metal, gold is still king. 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To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-4767523. The Perspectus or Summary Perspectus 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, LLC. This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. So before I forget, I meant to give you the try at the beginning of the first side. And that was to show you the beautiful marsh formation in the event. Going from the low at 8 o'clock this morning at about 45.70, it just walked the nine-period expedition, moving average went to peak ABCD, then it went ABCD again, then ABCD at a fractional E two miles later, three miles later, and then it pulled back. And then it did left side, right side price, time-match, not to the high, candle around about 8.50 or so. And it came back and two miles later, it broke that left-side low and went under it. And now we've had a quick peak ABCD. This is the one-minute chart of the E-mini. And now it's pulled back and it's possibly, I don't know if it's going to, but it might be making a second lowercase H that goes to a lowercase M second arch. And that's going to make this low at about 45. I should give you the exact figure, because it is important. The exact figure is 43.64 .00. A close below that says you've got to start looking now at the 10-minute bar and the 10-minute bar went to and I used this right here. Let me just show you the 10-minute bar. So from the low that was made at four o'clock yesterday, you can see that it pulls back. It takes its time, so it's working the 9-period moving average. And since yesterday at last night at 2130, that's 930 last night at 45, 65, 25, this is the 10-minute bar. It stayed green all the way and went to peak ABCDEF, pulls back, ABCD pulls back, will turn the count EA, FB, and then it goes C and it makes a perfect D at 920 this morning and pulls back very sharply. Now this is that, remember 1020 is when I always say other things start to happen from 1020. Now we start to see some buying come in. How does that buying impact the rest of the day? And my suspicion is that we're in this process. This is kind of rolling over process and you've got to look at all the indices I put the most emphasis on the semiconductor. If the semiconductors cannot really make a new recovery high in the next couple of sessions, but instead make lower lows, that at some point is going to impact the market. REN is difficult to say, but the IAI is a clue. Look, I was talking about Costco and the XLP, the select consumer staples, EDF and also in C and here we've got IAI, the iShares and we are long since 45, way back way back in 2020. We've had a couple of little trades but I missed this last big move up for subscribers. I said I wanted to get in, didn't get in in the 88 area. Yeah, it's almost nine points high at 9788. This would have been a really nice position to get in because it broke that 200-period moving average resistance. It just went right through it, held it for three sessions, stalled. Boom, it became a fulcrum for the move up. So this is very positive. So I suspect early next week we get our PXC and then we get a D and then we get to see what happens. But that weekly chance is this is not just already moved because it could be excelent still even if it goes sideways. It could be higher highs to come over the next four, five, six weeks. So this is a big positive. Hood is something I've talked about in this. I've been talking about this for three years now. Hood is something I wanted to buy. I did not get that entry point below nine. And yet it is what is about 30 percent higher at 1275. G-STAS-C started to become a little bit toppy, but still all the technicals are good. So it's going to be time that pulls it back because there's still internal strength. And I do have this as leg C in the weekly chart that's Robinhood. We hit 85 round number high the second month after the IPO. And it did have a little bit of a pullback going down to the low that was made. You remember that all the stuff that was going on, especially with the Bitcoin. Well, I haven't done Bitcoin for a little bit. 6.81 was the low that was made back in June. Yeah, June of 2022. All right. So I just wanted to mention that as well as Schwab talk about my insight that that's the reversal the 45 round number reversal the day of March the 13th. I think that's March the 13th, 45 round number with the Gemwave price volume climax reversal. But it didn't do everything it should because it should have been 28 days above that height was above it. They would have said it can go 56 days above that. Instead, it's done it all, but only off the retest of 4565 in the big arch formation. What a big move it's had. And it's trading right now at 67 down 85 cents possible peak F just a little bit of a digestive phase occurring right now that we're looking at starting anyway. So I didn't want to do that. Now what is oh let's talk about Apple Oh, Tesla was a question. Tesla is trading down five four and a half it made an alternative count G stash B 276 99 was the high back in early June then later went to 284 25 and then it just broke this trend line. Oh, no, no, no, I didn't do the trend line correctly. We can do that right now. Okay, there we go. Oh, it just nicked it to the upside three sessions ago. And now from the high of 299 did it miss 300 they went to 299 0.29 just was 300 299 299.29 So you can see from everything I'm looking at even here look at the technicals the lines over the 14 90 was good now negative not 63 but it was over 80 percent so the speed it's got to be speed or it's time duration that turns the nine period moving average below the 14 and right now it is very close but it's still not negative and Alexi in the week. So the question is where do I think it's going over the next few weeks or the longer term and my answer is I think that Tesla is going to go towards the 320 area but to do that it has to use this as a containment area and that takes you to 240 or 238 let's just say it's a 258 right now over the next few weeks if it breaks and closes under 240 I probably have to say 238 close under 238 it's going to take a lot longer at this particular point there is enough residual strength in the weekly charge to say it's holding well if it just can consolidate for a little while it could then go to a leg D. I do expect that it's going to go to a leg D to make a cup formation from the high that was made earlier last year in the 307 area or something like that so I'm just going to get this right here so maybe it makes a cup and a handle going down to the 230s maybe you could do that and then it tries to rally and that's going to be very important. The next rally for Tesla is going to be extremely important because it has to do with now there are so many factors for Tesla there's the whole idea of charging stations being used by others that means that people have a Tesla that don't get priority because they have to wait a month to share it so there are a lot of things going on besides which now I think that costs really important. 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Dow is now up 65 and 35,288 it's reluctant to give up anything and it's going to be real tough for that MACD to turn down and for the stochastic at 92% to turn down so this is maybe a position that can have a little bit upside doesn't have to have very much but it can hold but you want to see if you want to see a roll over then you need to see lower lows then lower highs and that hasn't happened yet but I do see enough to say just a little bit toppy right now but the SMHs are going to be the clue SMHs come back a little bit it's up 31 cents and 153.28 but if the SMHs are semiconductors start to move down sharp within slowly one by one the different sectors will pull back but I'm also oh I did excellent where is it down 9 cents I'm watching this closely because if the financials actually give it up that's a problem but thank you for a rotation stay tuned for Steve Rhodes have a great weekend see you on Monday and I won't be doing my video for subscribers until Sunday night probably have a great weekend