 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi, everyone. Basil Chapman on this Thursday, February the 24th. We're looking at the market now. It's down 765 at 32,366. The S&P has to run the numbers, there's a ton to talk about. Got questions, statements, all sorts of things. S&P now is also down sharply. It's not as sharp as it was, but it's still down 78 points at 4147. Made a low today of 4114. Excuse me. So this is very important. We've gone to leg B in the weekly chart, and I am going to take a moment in a little while to talk about this particular candle. And just to answer questions, we'll do all of that as I go through this chart. Here we go. QQQ, 123. QQQ is the weakest of the lot. It's been in a kind of a sharp down phase in the last two months, but really it started that back at 368.48. I think it was, so it was February, January, December, November, at the November high. And we've got all these H patterns in place. And we are looking at the weekly chart still very weak. The daily chart says that there's some residual strength, how it handles trying to get back to the 334, just 10 points higher area to retest that left side over the 24th isn't going to be important. We're looking at the IWM, the Russell 2000. This is the one we're going to follow very closely because this is the one I think for me at least it's going to tell us a lot about any form of rotation into this first quarter of 2022. How fund managers are perceiving the small caps? Are these small caps that are still looking as if they have upside potential? Are we really looking at a general consensus, a market consensus that almost everything's going to go down? Do we have singular moves and sectors, et cetera? I'll talk about that. And we'll talk about it for the next few days because we won't know for sure for a little while. We're looking at the SMH as a semiconductor index which is down 7 at 250.80. That same pattern, the dreaded H pattern, this is F slash B and this will be G slash C right here, G slash C in the daily chart with the arch formation. I'm going to talk about this arch formation in a moment. A number of people have mentioned it. Both subscribers have listened to TFNN. I'll talk about it in a moment. I don't take too much time yet. At this point, I want to get through all the numbers. This is key. The XLK, which is the S&P Select X Spider Fund, peak D in the monthly chart, peak D in the daily from 177.04 to the 28th of December, the all-time high. And now it's trading at 144 at 30 points. It's about 28 or something like that percent. The decline, bare market phase, but we're looking at monthly charts. When we close on Monday at four o'clock, we're going to be able to assess going from Monday into about Wednesday, the real start of the month of March. A lot's going on here. I need to talk about that. I want to finish these up as quickly as possible. I want to show you something even more important, and that is gold. Now, the question came in. Actually, a lot of questions were sent my way about crude oil and gold. So I'd said if gold is able to get into the 148, 152-ish area, that I would consider a breakout in the daily and the weekly chart, and that would help the monthly. And what I did is I drew in the Chapmanee methodology from the low that was made, the left side low of that was in 2021, March wasn't yet March's low of. Now, remember the numbers I'm giving you, this is a continuous contract. Those numbers will change because it gets smoothed out, but the pattern, nothing else, but the numbers get smoothed out. So I'm going to call the number that I've got right here, 1687.3 in March of 2021. It ran up. In some of the charts, I like to keep the fib numbers when I can. This is retracement, et cetera. And look what happened. This is acting really well within the fib numbers, and it goes to a slightly lower low after it bounced to the, what was that one point? Can't see it from here, but it bounces to the 19, just over 1900. It comes all the way back to just under 1700. And then starts to move up. There goes gray peak A, gray peak B. I should still call it a gray C, but once you get to C, I have to call it with the nine-period moving average still so strong. It hasn't crossed negative at all since the nine-period moving average crossed the 14-period moving back in June of 2019. It was around about the 1400 level. That green nine-period moving average has it once closed under. That's the reason why I said gold is now in play because it's changing from the daily to the now more expansive, larger timeframes. So this is now a very big move and it's stopped at this chapter. I made it blue, usually I make it green, but you wouldn't see it right here in the right side chart. The monthly gold continues contract. The monthly chart stopped right at just above, actually. Now it's below. It's halfway inside wedge target resistance line. A number of people have asked me about my CD. One person said, you know, I can get a CD player for like 25 or 30 bucks. So whatever you, if we can get your CDs, even though I don't have it on my laptop, I can always have them separate. So yeah, I'll be thinking about what I can do. See if I can make some more CDs of those. My chapter wave, that was my CD book back in 2005, I think it was, called Introducing Chapter Wave Methodology. And this is leg D in the monthly chart of the weekly chart. And let me show you something here. How resistance levels. You can use flip. You can use all the sorts of things you want, but it's so easy to use the previous price point. Look, the previous point, price point in the weekly chart was in the eighth, the week of the eighth of January, 2021, it pops up to 1980. And what was the high today in this? I made a left side, right side price time chart to the midpoint of the fourth of June of 2021. And I had it to this month, that this is the month, sorry, this week, this is the week that it should try to tackle that high that was made right there on the eighth of January, week of the eighth of January, 1980. So these things are all put together in the potpourri of chapter wave methodologies that we have. So this is leg D, but you remember, I'm very uncomfortable with leg Ds that become peak D underneath the previous high. It means you still need a lot of consolidation. So in that context, I'm saying gold is in play. It's in play as a fear factor. A lot of what we're going to see over the next week is going to be informative for the entire month of March, I believe, because of the Russian Ukraine situation. I'm going to talk about that just briefly in a moment, just stepping it aside there. Anyone in the last couple of weeks has been talking about it. Certainly in the administration has not, I don't remember ever hearing the circling of your Ukraine, Ukraine in this particular manner. So all I can say is that I'd like to look at the charts and say the charts are telling me this and telling me that. And the pullback that we've got in gold and the Kudor holding oil tells me that this leg D in the gold contract dating is kind of an emotional response. The gold is in play as something to change the upside of pullback. And I'll think about that. That seems to be the Kudor chart. Because the Kudor is the one that makes that $100. It's very important. I said about Kudor 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 in CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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Since 22, that's 10 o'clock last night, we've been in this trading range from 41 about 41.64 kind of where we are right now down to this low of 41.01. And here we are 60-something, 70 points above that low starting in the 10-minute chart, a leg D with a MACD, good strong stochastic and 93. And a couple of questions came in early on. Should I be buying the two, three times short instruments? And I said, no, no, a lot of it's been done. Just if you want. And what I did for subscribers is we bought just a one-to-one short position, a small short position on one of the indices because it's an insurance policy. And I'll give you a rather wide stop. I just need to know that today was not a crash day. I didn't think it would be a crash day. I knew it could be a serious decline. The day is young. Anything can happen. There could still be a waterfall cascade to the downside. But at the same time, so let me get out of this. Let me do a couple of things because it's all part of really important. I just need to finish. So Kevin Wright said, what about crowd? That wasn't easy buying this situation. Then nothing is any dope. It's like when I was playing tennis the other day with this friend who's really quick. He's my age. We both run like crazy, like teenagers when we're on the court. But at the same time, he missed three. I finally, after two years of my rotator cuff, I've just been very easy with it in services for a long time. So over the last three weeks, I've been increasing and I finally got most of my first serve, really far serve back in. Doesn't always go in, doesn't always go in, but the speed is there. Jim missed the return and he said, oh, easy, easy, easy. And I said to him, nothing's easy unless you get it right. And then you can turn around and say, oh, that was easy, even if it was difficult. So there isn't an easy trade at all. And one of the things I wanted to show is that, so CrowdStrike, I've got Palo Alto Networks here, really big move up 9% today at 44 at 522.17. Lookout went right to the 200-period moving average. And lookout bounced. Now I have these on my list as potentials for subscribers. I don't think it's going to be easy because, yeah, cyber, I've been talking about cyber. Why isn't cyber screaming to the upside? Look at CrowdStrike. You just, you've got to pick the right ones. CrowdStrike goes from the 300 area down to the 150s. It hit this arch formation that dreaded H-Pattern, successful so far. 150.02 was the low on the 24th of January. 150.350 was the low today. And it's up 7% up 12 at 173.87. Easy trade. Anytime you could, oh, the cyber stocks, easy trade. We tried it a couple of times, not always easy because it can go and then it suddenly turns around. And does the H-Pattern fails? So I'm just saying to you, be real careful at this particular point about the short side. Remember, what if the president of Ukraine who was a comedian once upon a time has no sense of he's been in it because he's been in Ukraine, but he's never necessarily been a leader over years and years and years and decades with the experiences needed certainly to deal with someone like Putin. What if all of a sudden he says, I don't want my people to die. I think maybe we just need to secede or just say yes to Russia. I'm not saying you do that. I'm just saying we've got so many unknowns. Not only that, the pipelines that we import from Russia. What are the things they're going to do? You think they're going to keep the exports, they need the money, but he's prepared in many ways. So I had always said, what's the left hand when Putin's talking, but you know it's the right hand. What's the right hand? Because you know it's the other hand that's going to do the dastardly deeds that he does. And that's the thing here. So I'm saying nothing's easy under these conditions. And I want to take it, I want to spend just a moment now to talk about this dreaded age. Yes, cyber is in play, but it's only in play in the short term. I don't have signals yet if I go to hack, which is the ETF. Look at this. It went to a lower low. It's down from the 68th level, just four months ago. And it's down. And I've got this. There's no other way I can count it. This is a peak C in the monthly chart. Got it down today at the low of 50. So, you know, 62 to 50, you say, I have a big deal, 12 points, 20%. 20%? That's a lot. So all I'm saying is nothing is easy at this particular point. I say to subscribers for weeks and weeks, let's raise cash, raise cash. We've got the cash. We've got certain positions that are working in. I mean, you think anything's easy. Where would you say the dollar is with the goal screaming up like this? The dollar is at 97.35. Basil's dollar. We've been along the dollar since 2018 at 90.07 via the UUP. So this is now a leg C to the upside, but it's really a gray leg C because if we go above the high that was made in the dollar index that was made right there with a doji candle high of 97.44, today we went to 97.37. Another 5 cents higher. And I might have to think that this is most probably a continuation into leg D. Going to a leg E and here again, because the monthly chart, a weekly chart. There's the target that we have. The left side, right side, price time match. It went exactly there to 97.80 back on four months ago. They actually missed it by a fraction. Yep, 97.44. And today's retesting that high. So these are patterns that we like to look at. I can talk about patterns. I'm going to stop for a moment because I got some emails and there's another one, Jim, question for today. With indices, which indices has potential for the biggest downdraft from here looking to add shorts and want to focus efforts, Jim? So, Jim, I'm going to get to all of that. Let me just do a couple of things because if we're looking at patterns, the patterns that we want to look at, the most important on the way down, and when I did my last web and I said, the H pattern is the one thing we're going to be looking at, the Chapman wave generated H. And once again, I'll try to figure out something with my CD. It's 400 something pages. It's got all these different chapters. But really, there's very little to this day in the CD that has changed. But I'll mention that periodically what's changed. But mostly over the period of time, I've used that nine-period exponential moving average. I've used some other things that have been added to it. But the pattern that I'm looking at here, I've got the downdraft. This is the Y formation where you retest. You have a move up and you make a cup formation. You retest the top. How does it break the top or does it break the top? Does it hold? And the same thing. And this is the positive Y formation. And this is a dreaded H, the red one. And what happens when you break the left side load? And that's what we're going to be looking at. So let me move this away. And then I will read a couple of emails that are on the back. I was a Chapman. Like, so probably it's not down. Back down. 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 creditor in the trading markets and join the Tiger's Den trading room only at TFNN.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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We are so confident that you're going to love this new charting software that will even give you a 30-day, unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. In the end, the question came up about Bitcoin, and I said, I think Bitcoin is going to become more of a trading, inter-day trading vehicle. I haven't got any buy signal yet to say that it's going to break to the upside at this particular point. And then I did a quick 10 minutes of the Bitcoin futures. And look, the rectangle formation could last a lot longer than your patience, and it's been stuck between about $36,000 and the low today of $34,300. And you had your chapter low right there as the technical start to improve. Peak A, peak B, peak C1, peak C2. Remember, that's an addition, something I've discussed on my CD a long time ago, but I really have made a big deal of it. We used to have someone from... Where was he from? Some ski place used to do currencies all the time, just blanking out right now. I thought of him the other day, haven't heard from him for a little while. And then I said, we used the euro-dollar as a test for the peak C1, C2, and there were just tons of them. Peter, that's it, Peter. And look, there it goes again. So now the new peak A, peak B, peak C, peak D goes to an E just barely above the rectangle formation, and now it's falling back. And it's only gone to an E in all this time. And it says, this is not great action. And so, yes, I think as a trading vehicle. All right, let's just get to the story that I want to do. Right now, questions came in. I've got a lot of questions. I don't want to lose my focus. Here we go. So I move over to the Dow. The other dreaded age. In fact, yes, Bitcoin. Let's just be as current as possible. The low that was made in Bitcoin futures on the 24th was 32, 865. It goes to a peak D. Remember in Chapman Wave methodology, a buy signal should go to a peak D, four higher peaks, and then other things can happen. Stalled right at the 200 period moving. Another addition that I didn't have on the CD. Arch is over in the dreaded age pattern. Why is it called the dreaded age? Because if it takes out to the f side low, it can go a lot lower. And what does it do today? So it's 34,300. So far, this is successful. The MACDs only now turn across the negatives. The castings are 24%. Turning down could go to teens or single digits. On Balance Forum says it's really oversold. Could have a balance at any point. But the nine period just recently, two days ago, three days across negative. And that says there's a lot of resistance in the 40,113 area. So dreaded age, right? So I got an email saying, hi, Basil. Oh, I'm a big fan of your work. For me, out of all the chart patterns that occur, I think the dreaded age pattern has been the most important one to recognize. It helps me with risk management and also as a point of reference to watch if it goes to the lowercase M to test the left side low for potential supportive failure. I've never heard anyone else talk about that, but it has helped my trading investing so much. Keep up the awesome work. Sincerely, James. I appreciate that, James. And that kind of corresponds with a couple of other people talking about the age pattern. That's right. Peter from Park City. I miss him in the den. He hasn't been around for quite a while. He used to add a lot. So a couple of questions. So I was talking about my CD and I just wanted anything in the Tiger Den. Let's see. Wildfire says, I have Basil's CD. And it then goes, I'll say, go good way ahead of itself today. And Pat says, oh, Pat says, I didn't see that. Oh, I'll go back to it. Pat says something. I missed it. Oh, Pat said I have Basil's CD. And the Wildfire said, I have Basil's CD. Pat says I have Basil's CD. This excellent. Well, thank you. I appreciate that. I just wanted to see what the other questions were that were relating to what I'm talking about. Then in the den, there was just a text to me to say, those age patterns right now are absolutely irrelevant. Yes, they are. So a couple of other things is the 300-period moving average. Yeah. So Ted, let me just go back to this chart in the background here. I hope I don't forget it. I'm just going to go here. Is this what I had? Yeah. So here's your 300-period moving average. We're talking about the spy. Is this the one? No, this is not the one. Sorry. Get this back. Got so many charts. And I'll hide some of them because I don't want to confuse myself. So I sometimes, oh, there it is. Okay. So here's the 300-period exponential moving average. Remember the spy? It went to it exactly three days ago. We were talking about it. And I said it sat there. But a couple of things are important about this particular using what I had said was how you use an indicator or a tool is more important than the tool itself. So in this particular instance, what I'm saying to you is don't stop using the 300-period exponential moving average. Was this smooth or was it exponential? SMA. This is a simple moving average. Don't stop using it just because in fact you might be using it and getting an incredible amount of information. It's the brilliance of your getting the information out of whatever it is that produces the results. So be as diligent as you can. Don't throw something away. What I do is often people talk to me about who was it? Another Tom had mentioned he uses different moving averages rather than my 9 and 14. And it was great for him. I tried it out and I really I like it very much. I just find that the comfort that I have with a slightly longer durations are better for me. I respect that. And Tom, I will be getting in touch with you. You know, it's been a busy time about those projections, etc. So OK, I want you to talk about that just to get that out of the way that that that I want you to talk about. Yes. Hack or crowd that you were speaking about Kevin crowd. So typed it on the chart. Yes, it's important. But even most importantly, I'm looking at this and I'm saying, OK, where are we? So this is where we are as far as I'm concerned. For subscribers, we've raised as much cash as possible. We've got some of our really big cap stocks that big price stocks that had fabulous gains. We took lots on the way off, still kept a core position, got out of that. There's one that's left, actually two, but one I'm not touching. That's the IAI, which we got some subscribers were able to get it right a day after the low in 2020 and the 24th of March. I don't really we'll trade around that. But this is telling me and Schwab and and the denny's not yet today, but Jeff was saying Schwab looks very vulnerable. I said not yet. But then what it did is this incredible double top 95.62 on the 14th of January pulls back sharply to the 84s bounces back to 96.24. So what we're talking about is within half a dollar, it gets to the previous high on the 9th of February. And then it plunged and I said, remember the cup formation, the reason why we didn't go back into Schwab at all is that there could be a one to one to the downside if it significantly takes out that cup formation. And that's exactly what we do. Where did it stop today on the 200 period moving average is trading down to 86 and 79.69. But I am calling this a leg F no alternate count in the weekly chart. I am so far calling it a leg D in the monthly chart. I have to put this together. Now's the time that I want you to do that. Look, let me show you something. So we've raised cash. We've got certain positions. We're still along the dollar. We long, we're long gold stock. We're long. Oh, I didn't do this. I have to do it before I forget because I was asked about it. The DBA. Remember, we've had this for a very long time. This is the DBA. Whenever I got it through by Tom, I said, Tom, I think those, those commodities, like these soy corn, they seem to be pretty working their way higher. But today might be a culmination of a topic of the red bar. 21.9 real off in 2016. 21.90. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? The 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. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com and hit watch tiger TV. That's tfnn.com and hit watch tiger TV. So we're looking at the DBA agricultural fund. And within it, we've got we've screened into leg D a gap up. I think this is wait a minute. This is right at 934.75 and it's stuck limit up, I believe. Leg D in the daily, leg D in the weekly and leg D in the monthly, we've continuous contract. It could be just like gold. It could be that all of a sudden you find out that it is just an emotional move to the upside and that maybe it's not quite so bad and it could pull back, but in the meantime it has broken out. The 90 MA is way above the 14 and that says 896 to 864 is really important support over the next week. But look, soybeans soybeans leg E in the pullback intraday it's now up 10 in the quarter at 1681 in the quarter. It hit 1559 in a quarter in leg E, leg D. I had this as a price time match here in the weekly chart and this is a week early a week earlier going above that high that was made way back in May or June of 2021 and so that says that and yet technicals are still very strong but the weekly says that the on balance volume is a tad overboard as is the daily so there could be a bit of a pullback but I have soybeans continuous contract monthly is only in leg B and I said that everything's pointing to the soybeans going above that left side high. So that's going to be important. It's a first notice for March grains metals and CBOT interest rates of Monday, February 28. Oh, I don't need that. So just close it out. Okay. Next thing we're looking at is corn or corn as I say here in the Boston area. Look, leg F in the daily chart could be an alternative count, but I don't know if it's limited up it is a 30 up 31 and a quarter and seven notes not it's trading 712 and a quarter. This is important and that's talking to inflation. That's why I'm saying what we're seeing now is different to many other times you remember for the history of the markets I like to always think it's just been my derigo the thing that I go to all the time is that when the equities especially the big cap equities that the fund managers have when they start to turn down sharply almost always the rule and I always make a joke about this. I say the volatility meaning the stock market weakness the volatility in equities usually sees funds migrate to the so called safety of bonds. What you can see is the so called safety of bonds. You've had such a big decline in so many of these huge big caps and yet the TLT is telling us from the pattern right now that interest rates still remain high. I don't know what's the Fed's going to do how can they pump money and keep rates low to say well I know this is going to be very complicated for them so we have a multifaceted area of concerns that we don't have one day results in other words you haven't got this big thing like gold is pulled back sharply but it's not like a one day thing it's here for a little while because it's gold is the fear factor icon that money geopolitically economically around the world people gravitate to for safety there they do go. Now what we're looking at also is high grade copper I never did high grade copper high grade copper is in the range it hasn't broken down hasn't broken up it's actually holding well CCJ is chemical I believe yeah chemical called uranium energy a little pop-up here I'm keeping my eye I tell you what I'm doing I'm keeping my eye on the uranium stocks and we're not doing anything I'm just keeping my eye on it I'm keeping my eye on the cyber security area I'm looking to see where will money flow what will money do and where will it go if the market continues to to maintain this lower range and what sectors are going to be viable and that's what I want for my subscribers I want to be able to get DNN what is DNN oh I remember DNN DNN is that isn't mining yeah that isn't mining yeah is that oh is that copper what is that yeah as far as I'm concerned just keep it on your list it's at the 200 period moving averages move at 1.31 not many people want to trade stocks at 1.31 dollar 31 but if it starts to move at 1.40 it could very quickly go to the 1.60, 1.70 last highs so keep an eye on this yeah if you want to be trading it just don't get too carried away nuclear and then uranium story okay question I had about about SAVA so this is very interesting yes SAVA you've got straight up there's the Eiffel Tower SAVA is SAVA sciences a biotech Alzheimer's mostly many other areas but that's where it goes to 38.79 up 55 cents this is the Eiffel Tower straight up straight down but you've got to look at the monthly the monthly says not yet but I think it's trying to build a base in the 35 it might even have to have one sneaky little slide into the 33 area and then let's look at it together again but I don't think it's ready for a bigger move to the upside and I don't think in these market conditions this is the kind of spectrum of area that fund managers want to gravitate to unless there's news the biotech type news so that's what I'm looking at here I think there's a lot of resistance in the 41 to 43 area but at any point if it closes under 34 no 33 50 you just got to be careful because that's the area that has been the containment for quite some time okay now here we go I wanted to show this question radio show I like to get to these a straight away okay I think all listeners would love to understand your thoughts on why the chat wave letters should remain in sequence as a transition from heavy-fed funding question QE and low rates migrates to higher rates and a cut off from QE how does chat wave count not get severely impacted by such a drastic change this will be critical understanding be a critical understanding as we continue to watch the S&P leg B in the monthly all right that's exactly what I wanted to talk about thank you for that question and the question is remember the chat wave isn't a wave form that only goes up yeah the notations on the upside are in sequence or they could have a rotational notation an alternative notation on the way down is the same thing but I don't use on the way down I don't use the letters as a major criteria for buying at lows as I do for selling at highs in the notation in the chat wave number one number two is it works on the way down if I get like a cyber biosciences made a peak F top at 146 16 pd in the day and I said gotta be careful that's how it works so I I'm not sure it's the implication that it doesn't work on the downside no it works both upside and downside that's number one number two is if you are talking about it in the larger context I'll talk to that exactly right now so this is the S&P monthly charge black background I I used to always use black background charts but I know so many want people wanted to print out some of the charts that I changed to white I missed my black background I look at the way the yellow nine-period moving average crossed underneath the sorry the yellow nine-period differential in the MACD crossed under the the the longer term 30 so 26 period moving average I want to do jazz and music so this is what I wanted to show you because this is tomorrow's technical Friday and I'm gonna spend a lot more time you see this candle right here and this candle is the candle of the 30th of November 2007 was it it was a Chapway Roman candle at a high one bar off the high I'll talk about it 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 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world or on TFNN's YouTube channel and become the investor you were born to be 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 after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors are you looking for a secured investment which pays you on a monthly basis the target first mortgage program may be the program for you the best rate on a 5 year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per 100,000 invested the target first mortgage program pays 7% per year paid monthly on secured high value buildable properties in St. Petersburg, Florida the investment is for 4 years paying 7% per year or $7,000 per 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 100,000 invested or 7,000 per year on a secured target first mortgage the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 just be really careful because if you go halfway into the weekend a shorter time frame there's a really good chance and you hold there for a little while in a shorter time frame there's a real good chance you can not only retest the load but you could actually start on to a lower load well we did that and then the very four months from the top we had this huge Roman candle and then we did it again so that's really important to keep in mind and that that took us to that 6.79 March low of 2009 we actually bought the very day the 6th of March we bought the diamonds at the very low so yeah so that's really important now what we've got is we've got the Roman candle in a shorter time frame that would be the weekly chart last week we closed more than halfway below that the lower wick and said that you could test the low we've tested the low we've broken the low and that says now I don't care whether it's a peak B or peak A or peak Z the chart is saying just really be careful because you've had pretty major pullbacks when that's happened but the pullback in a monthly chart that becomes serious so I'm considering on a short term we are really oversold so we're so oversold in so many areas certainly in the we're ready for a pretty decent bounce and I'll be discussing that bounce when I come back tomorrow but in a very short term we'll come back to this chart before we wrap up for the day you're going to go to Larry President great program in the rest of the day stay tuned don't forget we start off at 9 with Tommy O'Brien we're already important show look as far as I'm concerned we're trying to rally back here said the worst the crash is not there and I said be careful because if we hold at the bottom we could go into a trading band for the for a while what I am looking at is if the fix if the Dow down 584 is able to come back it won't just come back and do that once if after most importantly if after 310 this off in eastern time going into the close the Dow is better than minus 370 to the upside that's a relief moment and it's really important and that should say the fix instead of skyrocketing each of the at this point