 The following is a presentation of TFNN the Tiger technician hour with your host Hazel Chapman call now toll-free at 1-877-927-6648 Welcome to this first trading day of 2022 Monday January the 3rd and we're looking at the Dow. Let's see where did the Dow go the Dow just disappeared yep it's down 8 now it's been all over the show actually INDU there we go the Dow is down 9 at 36,000 328 I suspect some way some somehow there's a good chance that we retest the 36,000 679 high of Thursday Friday we closed yeah of Thursday and if that's the case then I suspect we're gonna make that PD but if you look at and the Dow at this point is now down 17 it's kind of struggling earlier the futures last night that was a bit of a surprise we're quite strong and then they got even stronger this morning they were very strong there all of a sudden they started to pull back very sharply and I suspect that's kind of the modus operandi now is to have quick we can have this is that this is what I call darkfish day but it could be darkfish weak meaning in fact I don't even have these such as things of dawnfish but it's a real quick moves to the and then a sudden stop a quick move in a sudden stop a quick reversal of trend and then just constantly that's what I think we've got here and most importantly I think we are real close to some kind of a digestive phase that's what I say to subscribers so many stocks in the chopper wave methodology we're always looking for a bi-signal to go to a bind mode and that implies that it should go to at least a PD what happens is if it goes to a D and then a very quick E that usually imparts some kind of a little bit of a toppy motion and says just be careful you could get some kind of a pullback well look what we did in the S&P made a high of the 48-06 I think it was level let me just say was it five or six 48-07.02 on the 28th pulls back for one day gives you a peak D and then pops the next day to 48-08.93 and has a kind of a week session on Friday and today's an up-and-down session so far we're back up again up three and I suspect that this is going to be the clue I'll make it as simple as possible if the S&P spikes to 48-14 and can hold there and then touches 48-22 this week I would consider that is really good action if instead it fails to break 48-08.93 or at least close above that then we've got to look at this as a potential for some kind of a choppiness with it with a digestive phase occurring and that would say that the Dow maybe I don't know it's a very rare that the Dow doesn't get to a late D but look the DIA actually has gone to the same thing a leg C but the YM which is the futures and I don't use the futures for anything other than to tell me what's happening in between hours the market hours did go to that leg D so every once in a while over the years we've had where the diamonds or the futures or the Dow go to a peak C and then we'll just one of them goes to either a double top peak C1 C2 in the chambering methodology or it squeaks to a D and then we get a pullback I've even missed a big turnaround because the Dow didn't didn't confirm these altogether and I was waiting and pullback sharp and then I anticipate so I anticipate that there's enough residual strength to at least get close to the 36,000 the high that was made right here 36,000 5 72 on the 30th and then we go in the that's the sorry that was the futures let me go to the Dow itself I and I wonder why is what wasn't printed up there 36,000 679.44 was the all-time high three sessions ago I'm anticipating that we get somewhere close that at worst we go peak C1 C2 or we go to D and then I have to make some kind of a decision do we change from the long side which the last that by we've had back to 35,100 level do we hold on to that are we already taking little bits off we will take a little bit off if it goes one penny above 36,000 679.44 in our Dow diamond position I'm watching this closely okay and all I can say is that there are enough enough signs to say there's residual strength and there are enough signs if you look at a Microsoft which had been a leader for so long going to the all-time high 349.67 on the 22nd of November peak F in the Chapman wave methodology and then these arch formations lowercase h becomes a lowercase m and we're watching this very closely sharply down today down $5 at 331 I'm watching the two individual stocks are going to be very important okay question I just had I'm going to do that right now CCJ in the den TV wants to know yeah CCJ is acting quite nicely off its most recent load the 200-period moving average this is a chemical core now of course I haven't typed in what it is I'm always thinking it is copper but actually CCJ well CCJ trading right now at 2203 up $1.22 this is much better action the technicals are starting to improve I have to tell you until it closes for two sessions out of three about 2410 I have to consider that I just got to keep this in mind as a very nice bouncer for low and a gap up that's a good sign but I'm gonna just see anybody gonna tell me how I'll just find it out myself see a chemical chemical core there we go C A M E C O C O R does a lot always put that in and it tells me that it is one of the largest global providers of fuel needed to energize a clean air world or so much for the copper huh see and there your largest provider of fuel uranium that's a uranium the chemical corporation chemical is one of the largest providers uranium I forgot that it was uranium I'm pleased to see that it's you a uranium let's see what the URA is doing also a nice move off the bottom but hasn't done enough for me to say that's a big trend change so global X uranium yes I do like it all I'm going to say is all I'm going to say is CCJ is acting well if you're in it that's very good if you're looking to get in it it's a little tough other than to say start a small position at 23 and even here I would the slow today's 22 53 I don't know if I want it now 2% 3% yeah you could start a position with just a small a stop at 23 52 1 penny below today's low if it goes under that probably so they get stuck in a rectangle formation but that's a way to start your position the magnies improve the stochastics not good at 60% on bounce volumes horrible and the relative strength has improved but not great and the line hasn't yet crossed positive so I would just treat it in fact I'm going to say and a very small nibbling position and you can add to it if a source to show strength I would not add to it right now I just started position at 23 05 I'd have as I say a fairly tight was a 55 cent stop something like I'll be back in a moment to the Dow is up 79 I still think there's a residual strength I'm anticipating some kind of a leg D oh my look at that is a 14 very good battle chapter tiger conditions our I'll be back are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's Daily Market Newsletter market insights 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eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors call now toll free at 1-877-927-6648 internationally at 727-873-766-18 Hi folks we're back I had a question over the weekend about the Chubbate inside track repellent zone if I could show a couple of examples look we've got Nike Nike makes it a high and all-time high of 179.10 back in early November and then it starts to make a cup formation compels back sharply to the 160 80s area bounces to 177 a lower high and look at the technicals how weak they are and then it starts to make lower lows and lower highs there's a big pop to the upside in fact an island reversal gap to the upside and where does it store it stores in this I first of all it's the falling axe formation let me just show you that one of the Chapman Wave techniques here we go where the price rally sharply very often goes to a DEF or even a genius particular instance and then it starts to come down to make it lower highs and much lower lows and it looks like an ax to look the as the handle has the blade expanding blade and then all of a sudden it forms a base and that base says hey I'm sorry to rally I'm gonna try to break that trend line at the top that right that lower that higher declining trend line and then what happens is either stalls completely or it breaks out and it doesn't want to one to the upside well in this case it's stored right at that level of that trend line and then the trend line what I love to do is I draw like a mini channel like just a narrow tube and it says if it breaks and closes above if it's on the way if it has to break upside to break out if it does that that's going to be a big positive because that resistance line then becomes a support line but if it keeps stalling it says just be careful this is the repellent zone just treated as a propellant or repellent zone that's it's as simple as that now what we're looking at is Nike which is the Nike B shares sport and sportswear it's time to stall it's got a big D in the weekly chart I should really have put in a a down arrow because it's taken time but I'm gonna give it just a I'm gonna be generous here everything about it says as long as the night we're moving averages holding above the 14 in the weekly chart you don't have to put a down arrow in it is in some kind of a cell signal but it's not get too carried away and then back at the ranch what we're looking at is the month of the chart also has a D so it has G in the daily peak D in the weekly and a peak D in the monthly and that says ho ho gotta be careful that these other things can happen watch Nike and Nike of course a couple of people that use it not so much as a benchmark for the Dow but it's kind of an indicator say you know it's one of the really great stocks in the Dow if it's holding well then the Dow should hold well if it starts with pullback maybe the Dow's gonna pull back if it breaks out maybe that's gonna help the market but I'm treating it more as just another indicator that you can use to say it's hinting that there's something else going on and this is in the apparel area this is purely if you look at discretionary income this fits both the discretionary and for some people it's absolutely imperative that they wear but I'm putting it more in the discretionary area and I'm saying we are going to see with the holidays concluded what happens to the retail area and here we go again retail is RTH it also has a chaplain wave inside track repellent zone the falling exformation it went above it this becomes really important support is down a dollar 36 the Van Eck retail which has 20% Amazon but if you look at the XRT which is the one I really like to use because that is in fact the S&P retail ETF equal weighted Amazon doesn't have doesn't distorted it has a different chart or formation altogether it's in legs seen the daily chart but it is ready the weekly chart says hey yeah the rectangle formation you broke above it then you went in it now you're coming back to check in to everybody in that 92 area and basically they are key the SMB retail ETF says you know what for now you might be having a tough time that's just as simple as that now I need to do a couple of things I haven't quite finished I want you to show the XLK XLK XLK is the S&P selects tech spider fund leg D in the monthly leg GCSE and the weekly it has just enough room maybe not this week maybe next week just to pop to another hide to go to your D doesn't have to good fair to G but I'm looking at this is potential and it's a big deal in the in the daily chart and that's just it's basically saying the tech area is still being on it on an absolute case making higher highs and higher lows even though the whippiness on a percentage basis is getting quite high and this is a right here we've got a little mini 40 exclamation right you little me right one two and there's a break above the 177 30 level it could test the all-time high which was 1 77.04 so if there's a 10 a break above 176 35 that says hey now you can go for the last high that was made back on the 28th of December of 177.04 okay let me just a couple of things that I want to look at here is yes so now let me show you something else the Dow is coming back nicely and that really shows you internal support on the first day of the month first day of the year first day of the week first day of the day what we're looking at is the Dow is not giving up and this would be the time remember 1990 was a 1990 when the Nike the Nikkei Dow went to an all-time high 39,000 something like that I remember I did the hand chart and I got my PD or E whatever it was and then that was it now I don't know if you're gonna do the same thing here you remember January the 16th was 2000 was the all-time high at that point and then it was two months later that the semis and the S&P made their highs and then we had a little bit of a pullback from that dot-com bubble let's go to Mark in Ford Cosmark how are you good are you yes I'm good how you doing good hey it looks to me like the IWM is broken a falling axe yes it has potential volume it's making a peak be like the leg be in the daily is that a potential one-to-one up so we've already had the one-to-one up if I'm being very strict in the Chapman way for the axe folks this is where you get all the resistance levels from the 244.46 November the 8th high all-time high and it comes down it couldn't break out and then finally it broke out right there on the 22nd of December now when you get a very successful one-to-one breakout in the Chapman falling axe formation it says be prepared you can then get a one to two and even a one to three and this particular case it's on its way it's trying to go one for two and let me just do this I can do we talking about the same thing so we go from the low that was made there to that high we've done it in the same degree angle and number of bars that's good we make this nice and thick so we're looking at the same thing let me make this blue and let me make it blue with a 10 transparency of 70% so it doesn't overwhelm now that's a little too much this make it 60% 60% there you go okay so what we've got here is I'm going one-to-one click new parallel and that'll be pink and there it is pink is right there and I'm going to be very strict and take it from the actual trend line itself that's usually a bit aggressive and that takes me to 226 point and 98 and right now we're 226 point 47 aha we've got something going yeah mark I'll be back in a moment if you've got a moment I've got a moment let's talk about it are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tigers then trading room only at tfnn.com the Tigers then is 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above the 14 the MACD is good the stochastic is at 84 percent the on-balance volume is very weak it's a little bit of a concern but you know what sometimes on balance volume lags sometimes if you're looking at a buy signal that can go to a buy mode that actually takes you all the way to a D sometimes you have to wait for the on-balance volume to play catch up and then it finally gets overboard and then that gives you your turn around so I have to tell you I like this I like what's going on right now I'm a little concerned only in that this rectangle formation not often does it go and then just expand this a little bit so we're looking at the right thing yeah there we go not often does it go so long sideways then break to the upside without breaking to the downside and then coming back in that's number one number two it isn't that often that I've seen the rectangle formation spike to the upside then come back into the bottom part of the rectangle and they make a v-shaped recovery so I would just treat this as a step-by-step motion and say at 226.46 I love the action let me just see the hundred and twenty minute chart is that that's now a b I can give you either way I have to call it a b yep that's a b as well in the hundred and twenty minute chart so mark you were going to be looking at it as a potential positive correct yeah I actually bought the t na which is the triple at 75 70 oh so it's doing well but I'm trying to figure out a target price and I was looking like if we break we break the leg a with volume today back potentially in my mind and Tom's system is a one-to-one up which could take it pretty high I didn't know if you think that's possible or not so so are you at the moment are you looking at the when you say are you talking about the t na or but I mean I know the one is related to the other but were you talking about the t na because what's really important the t na which is three to one long the this is the DX small cap ball three times shares if it goes into the 90.50 area that starts to to trade inside this big gap down that would be very important because if it starts to close I'd say probably two out of three sessions if it's able to close above the low that was made of 93.30 which is the low of that particular gap if it's able to get into the 90 whoops was that 93 yeah into the 993 if it's able to trade the 93.50s you've now filled in the gap and my rule of thumb is and thumb right now is not doing all that well but the rule of thumb is that any stock that you're looking at that is able to fill a gap and then start to trade away from that gap to the in this case I'd read to the upside for a certain amount of time and this case I'm saying to you maybe two out of three sessions is starting to show that that gap all the influences that were negative on the way down are now being switched to positive so that would be a really good indication and that would say going back to the IWM let me just give you the same numbers because some people are looking at that IWM in fact has is a little different because it's 226.75 and so far today we're 226.69 the high of the day we're like within six or eight ticks away from starting to fill the gap so I do like this and I like it because in the whole rotation that we've looked at we've looked at how every single sector has had its turn at bat and then all of a sudden they're sitting on the bench they're just watching while the other players come on and that could be the case in this and that would be also part of the tradition that we see you know it's not every year but every once in a while we see the tradition of at some point the small caps start to lead as we go into the end of December beginning of January and can actually stay that way for a chunk of January in this case all you can say is that it was very late in December but they did get going so this is a good sign and most importantly you've got a rectangle formation like almost I could do this I don't want to do just yet I'm not ready for it because there's a dating chart to put that semicircle in and say hey wait a minute we've even got a chance of a one-to-one to the upside we're not there yet but that is the potential so it could even if it stalls tomorrow and goes back into the 225 224 range if at any point I wouldn't say in this week I'm going to go all the way to next week I want to give it as many I'd like to give it seven trading sessions at least if it's able to trade in the two this is the IWM if it's able to actually trade close to 228 that'll be a big deal and actually be a big deal if it's with the general market stalling but it'll be a big positive if everything actually starts to go together to the upside so I do like it and you're in at a very good position I'm not gonna tell you how to handle the trade you know that but I congratulate you on your entry and all I can say is that what what would be the absolute best outcome is that the on balance volume by Friday is sharply higher because that would say huh now we've got the volume you remember volume and the on balance one gets added on an up day to the total number to the to the to the running total and that's really what you want to see I hope that helps you yeah that helps me a lot when you get a chance take a look at quadruple you you you you and you easy those are flying today more uranium stocks oh that's with chemical okay very good okay thank you very much so folks this is to that we've got a you you you trading up 83 cents up 10 almost 11% at 846 we had spoken about this the other day I said it's kind of in the range which you really want to see is to break out to the upside and they start to hold the upside because that would make change the rectangle to a cup formation and that's kind of what we're doing you is energy fuels ink nice action very nice action and what was me oh I missed the other one oh did Mark mention another one I'm not sure let's see what we're looking at GMO oh TMO yep TMO let's see what that's doing yeah TMO is having a sharp down day today 23 made an all-time high on Friday with a D 666.65 was the high on the 26th of November pull back very sharp he under 610 then it ran up and went to 672.34 on Friday and I said to subscribers what's this cup formation it's a second D it should be pulling back yeah we're gonna watch it closely we are long from 484 did I say take a little oh I can't remember right off hand what I've said give me a second nope nope there there what did I say Monday TMO yeah all-time high leg D so that this is at 643 I think this is what we're looking at you the best of the best also taking a little dives to the downside then they try to come back it's hard to show the chopperness of profit taking and all I can say is thermo Fisher is still a fantastic stock it's it's beating the sweet spot I suspect of the next couple of weeks is gonna be some kind of pressure and we'll see if it holds the 530 level it's a 5 by 642 right now even 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that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each day delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFN.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk-free today with our 30-day money back guarantee TFN educating investors biotech is booming but for how long whether you think the biotech bull 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looked to see what TRT is yet it doesn't matter let me just finish this peak a big B right there Analyze C for December we don't know what January has in store trip tech international oh trip tech trip tech international mark and that trading at 12.70 down 73 cents so this is made a peak C1 C2 in the January methodology it actually is holding very very nicely the MACD is good but I'm a little upset that the statistics only is 76% and that just says there's some internal weakness here that needs to be resolved I don't see it pulling back I said 12.70 more than the 11.10 area just to the short term if it does take that out that's a pattern we've seen before where it makes the cup formation then it pulls back deeper and then it starts a fabulous run to new recovery highs so the question really is TRT analysis yeah let me just say if you've been long for a while I would not do anything other than right in this particular moment because of market conditions I would just say you know what if you want to take just a little bit off just you know could even plan that you're gonna put it back and name the number that you're gonna put it back in that's the way I would do it because the MACD and the weekly chart is strong the stochastic and the MACD and the monthly chart has improved tremendously I like what I'm seeing here I just think this is digestive phase and I'm not sure yet whether there's a quick pop to a dean to the 14 level 13.49 was the height today which may be 1380 touch 14 and then pull back again and that's really the issue at this point if you said to me right now would I buy would I sell would I hold I'd say hold number one number two is if you aren't in it what would you do oh I just this is a difficult one because I think even if it pops up it's going to come back into the into the 12 so I would just hold off I tried to I said let's look at it together if we can get a pullback to the 12.30 area let's look to see how it's going to hold the 1140 support and right at this moment you've got the cup formation and it has you often it has double a double you pattern and retest so characteristic a characteristic and all I can say is that on a day like this down five and a half percent I think it could pull back just a little bit more but overall I like it because it's making higher highs and higher lows it's just now a little tricky to get in fresh and let me just look at this on a long-term basis here oh yeah look at this is a star I had a feeling that this is a stock that had had a history trip tech international I should know what they do once upon a time back in July of 2007 just before the big market crash it was trading in the 2436 area when it was all over it was down in February of 2009 in the dollar $1.10 $5 area so it's got a history there and it keeps making this big U shape patterns is in the middle of a U shape pattern I shouldn't say it's at the middle I should say it's more towards the end of a stretchy U shape pattern right now but all the technicals are a lot better than it has been before so I'm just going to say at this point I think it's still bullish but you've got to be a little careful right to a very short term as to an entry point because after 1270 down to say 1210 or even 1190 that's a big percentage but not a big deal if you're looking at a stock that has the potential to go to the 14s and 15s over the next six weeks or so all right but I and I think it has the potential right now we'll have to look at it again in a couple of days do I see the calling yes I have a call it all in seminal how are you I'm doing great looking forward to a great year me too well let's put it this way as far as the whole environment is concerned as far as as far as the whole COVID situation is concerned I'm hoping that this is that you know I like to talk about internal lows and residual low and sometimes you can come back to the residual low but all the damage has been done this is just the emotional low I'm hoping we're getting to the point now where we're getting to the emotional low where the noise is is just terrible but the the actual facts when you finally look at it in six weeks time wasn't as bad as we thought let's hope we get a great I agree with you yeah okay well let's let's see it doesn't know us so maybe what we're saying doesn't really count but I hope that we are looking at something that says flurry is a one thing let's see what happens in mid-February beginning of March hopefully we are done with this thing I'm done with it but not my family everybody's had something alright so you're looking at IEF which is the ISHA's tenure treasury bond ETF so your question is sorry what yeah so this is IEF yes okay and this is the ISHA's 70-10 year treasury bond ETF yes okay and it has a very similar pattern in many ways to the TLT and they don't have to be correlated but in this case they pretty well correlated alright you've got a question I can tell in my question is this isn't an inflation play and it looks to me like it's priced right right here so is there a way of actually trading this particular vehicle or would you use something else what would you use as I'd use options I'd use options and go out and you would be looking at it it's at 114 what what what's kind of your target that you'd be looking for well I I just think it's trading at a very low premium I mean the the inflation the government's play inflation is 7% the actual percentages and the actual inflation is double that and this this is trading you know at a deep discount if you consider the inflation figures so you'd be looking at it maybe breaking out over the 116 area oh absolutely okay absolutely even higher so yes my question to you have you considered going along the TV TV then the which one TV T which is ultra-short even 20 year T-bar ETF yes I have I've looked at the tips the TLT and I like this for where it's positioned price-wise okay I think I think it I I think it's at the bottom if you look at it it's almost at a at a triple bottom when you pull it back you know I I've my when I look at inflation I look at inflation two ways I look at inflation that is forced upon us and then I like oops we've got a break coming up and then I look at inflation as choice in other words I've never seen so many Teslas ever around where I live I just see them all over the show and that's choice overpay for a car you don't have to get that kind of have to pay that price let's talk about it when we get back well I'll be right back folks meet up I just want to down sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 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Petersburg Florida the investment is for four years paying 7% per year a $7,000 per a $100,000 invested your investment is secured by high-value real estate in st. Petersburg Florida your investment can be anywhere from $100,000 to $500,000 you want to make $1,000 per year on a $100,000 invested a $7,000 per year on a secured Tiger first mortgage the target first mortgage program may be just the program for you the Tiger first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 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 So we're on with all but just a couple of things so that I don't run out of time. The DNN question of the den or statement of the den as Denison Mines also in the uranium start to act well at 151 it needs to get to the 165 age to say have broken out of the resistance level Apple Apple is trading a lot better remember I was expecting that Apple will be the one that has really good earnings going into the end of for the holiday season and Nvidia I think is kind of stuck here and that's one will be following closely stuck now we're going to go back to all IEF and so what I wanted to say is voluntarily overpaying which is what a lot of people tend to do for certain things that they want is it's I find that inflation over the decades inflation really impacts people when it's the stuff that they have no choice to pay up for starts to go exponentially higher that's number one number two is there is still quite a bit of cash has been saved up because of the people staying home I think that's starting to change a little bit so I I suspect that we are going to see yields start inch higher hopefully it's just inch higher I don't want to see them do it by yards and I think you're right I'm good I want to do a little bit more work that's I'm going to come back to this is the first thing tomorrow when I look at the I want to do the IEF I like what I'm seeing I need a little bit more technical stuff I'm going to do with deal with it again tomorrow okay I'll be here okay so we've got bonds and yields and all sorts of things we'll do tomorrow I'm going to hand you over in a moment to to Larry Perzevento everybody I think is back today we've got Larry we've got think a swarm we've got Steve Rhodes Dave White and then Tom O'Brien and my services the opening call and I'm going to just say I'm signing off but I do the news and then I got to wrap it up but most importantly what we're watching this week will and how does the Dow make a leg deep to the upside with an all-time high if it can I think it will and then I'll be going to start to see a digestive phase and that's the big question for me I'll be back in a moment for the news otherwise see you tomorrow same time same station