 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, Basil Chapman. Hello, I'm Basil Chapman, Tiger Technician Hour 877-927-6648. I have to get your calls today, plenty of time for calls. Nice little week we got here. That's number one. Number two is within the context of what we're looking at here in the marketplace, there is constant news coming out and the market is responding. If it didn't respond, that would be one thing, but it seems to be responding. So anything that's treated or mentioned about China or the USMCA, it's having some effect and we can't deny that. But I wanted to go through some of the technicals that we're looking at. And I've been talking about this for my subscribers for a while here on the air. They're for subscribers. And I've been saying that in the context of technical analysis, while there are some things that are not working at all, in other words, the MACD, the moving average convergence divergence in the daily chart of the Dow dropped very sharply from being really good. In just three days, it pulled back and it went negative. Now it's flat, but there is still internal strength in the actual price of the Dow. This stochastic went from the 97% rise. I was talking about it and saying, you can only go to 100. Going to 97 is quite incredible. And within that context, what we're looking at is that the price has gone from $27,675 to today's all-time high of $28,113. So we're talking about almost 400 points up. And yet the stochastics only at 75%. But I'll make a big deal in my webinar that was just over a week ago today. I was talking about how these moving averages can be very important if you can use them correctly. I thought I was using it correctly because right here where we made that peak F-top of $28,000 and the Dow on the 19th of November, that was the first period of pullbacks that we had that was pretty sharp since maybe middle of October. Quite a sharp pullback from $28,090 to $27,675. You did get the MACD going down, you did get the stochastic. But what's really important is that these moving averages, the green 9-period exponential moving average and the black moving average, right there, that's where I was expecting it would flatten out. The green line would flatten out. The black line would start to tilt a little bit down instead of being up. And within about three or four sessions, you start to get some kind of weakness in the 9-period moving average going towards the black and then crossing over to be a negative moving average crossover. Well, we haven't got that. Even today, the 9 EMAs are strong, support is at $27,910. Just, what, is 100 points from here? Is that right? No, 200 points. So that's quite a distance. And within that context, keep your eye on the left side chart. We'll come back to the weekly and the monthly in a moment. You've got the S&P, much weaker McDean moving average convergence to divergence. Stochastic a little bit stronger at 79%. Price went to the 14-period moving average just about touched it, didn't touch it. Went back over the line and now all-time high. In fact, as we're speaking, it's pretty much an all-time high. That's very good action. So it's going to have to be something that comes out here that really surprises the market that's going to make it turn down. Why? Because in this particular pattern, what we would normally see, we even saw it right here, where there was this little double top earlier in November, and then it pulled back. It pulled back to the 9-period moving average. It didn't break down, but it did pull back for a couple of days. Here, we've broken, instead of the H formation, the lower case H with an arch formation, we've gone to a new high. So within that context, it says there is still price strength. And that's really important. Within the context of the QQQ, the NDX100, same thing. This time, the McDean hasn't crossed positive, and yet here it is at all-time highs. Sycastics at 74% even weaker than the Dow in the S&P. Prices, 203.84 was the high that was made about six or seven sessions ago before everything started turning down. And now, all-time high, 204.74, with three cents away from that. And the tech wheels are not that strong here, but look at that 9-period exponential moving average, and the black moving average, the 14, 9 and 14, are holding steady, and that's the difference. So right here is exactly where it should have been turning down. It didn't. Now, the weekly chart in the QQQ is in leg C. The S&P is right here. S&P is in leg C. Now, let me just double-check that ahead. Yes, A is right here. Don't forget, if you're checking this out, the week of the 16th of August was a slightly higher high, so that counts as leg A, great leg A, great leg B. It breaks out. Now, it's a blue C, meaning you're in a buy mode in the weekly chart. Now, the monthly chart is in leg B. The IWM, IWM is trading at up 60 cents of 162.19, recovery high. Full-time high is 173, 10 points higher. 173.39 made in August of 2018, way over a year ago, and it plummeted to 125, 50 points. I mean, that's a huge move, and 40 was 50 points from 173. 28, 28, 30 points, 30%. So now, what we're looking at is that this is leg C, brand new leg C in the monthly chart. So the IWM actually has found strength. It's become a bit of a leader. The MACD is stochastic, and the weekly chart are really strong. It's in leg C. Now, let's go to gold. Gold is trading right now. It's up 2.2 in 1459. It's making this H pattern. Remember, the low-case H, you come down, then you make an arch formation, try to test the left side low. So far, it's held above. The continuous contract's lower 14, 46.2, made in the 12th of November. The low today is 1449.6. So far, that's good. It hasn't even gone to a leg D in the weekly chart. I suspect it will go to the leg D. This is just a big digestive phase after such a spectacular move, going from basically in 2018, it was at 12, in the 12 teens, 12 to 12, 12 to 15, and it screams up to 1566 in the continuous contract. Those prices will change because it's continuous, but the patterns remain. So silver, excuse me, nice move up 15 cents at 17.04 in silver. It's trying to hold the 200-period moving average. This is good action, but the weekly chart says, yeah, it might be good action on the day, but they're still probably going to make lower lows and slightly lower highs. We'll see. But at this particular point is a good day. If we can get to the 1728 area by early next week, I'd say, hey, that's good. Now it's going to make a rectangle formation. Go right back in and try to test the 17.50s. We'll see. It better hold 1660, otherwise there's a problem. The dollar is holding quite nicely. It's up 0.02 at 1934. It's that weekly chart. We'll talk about that in a moment. And that monthly chart is just about to wrap up on Friday. It's going to make a peak D. It does that. It's going to be really important for December. 1056. S&P is up 7. I'll be right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating Investors. Toll Free at 1-877-927-6648 Internationally at 727-873-7618 Hi folks, we're back and I'm just showing you something that's a technique that I use, Chapman Wave. Chapman Wave. Inside track, it's called and it's a repellent or a support zone. In this particular case, it's a repellent zone. This is the dollar it needs to break above this downtrend line with two downtrend lines. So it makes a little bit of a mini channel, narrow channel, let's say. And 9845 was the previous IPXC. It needs to get it nicely above that start leg D but also to challenge the high that was made on the 15th of August. 98.65 needs to get above that and that'll be very positive. So a slow grind for the dollar. EURUSD is trading, the euro is trading. Remember the dreaded H pattern? There's that arch formation goes to peak A. Very often it's a B and it fails. Either an A or a B minus comes down. Now we're going to see how it holds. Same thing in the weekly chart. So at 1.101, up 0.04% it's just stuck. It must 1.0980 is what it has to hold. And the USDJPY, which is the yen, the dollar yen currency pair, nice rally. But here again at 1.09, up 0.17, it needs to push higher. It needs to get into the 1.0955 area. It needs to challenge the 1.0948, sorry 200 period explanation moving average in the weekly chart. And not previous high was 109.488. So it needs to get above that to start deep. So far it's acting quite nicely. That's good. Let's do a high-grade copper right now. High-grade copper is a nice move up today. 0.02 at 2.67 on the continuous contract. New Leg B and a Great Leg B. It's better. It's not great, but it is a little bit better. We spoke about that earlier. A little bit better. We spoke about crude oil. It's a natural gas. It's trading at down sharply. 2.508, down 0.07. Whoa, it didn't make the cup formation. In fact, it's going to lower those. Truff E, Truff B in a leg C to the downside. Back in the trading range once again. Wow. Let me just look at LC, which is live cattle. Live cattle is holding in that rectangle formation. Now rectangle formation is going to last a lot longer than your patients. If you want to say pop a little bit up or pop a little bit down, they can just hang around. So this is leg, this is peak A, gray A, gray B, because it's under the previous high. And now it goes to F slash C. We're still OK technical. So this should continue sideways. So live cattle, high-level consolidation. Very good. I wouldn't be surprised if it comes back to the 117 area and then starts a bigger move to the upside. Leg B having started in the weekly chart. So far there's very good action. LH's live hogs pulling back as it doesn't look good. This really is just striking and striking. Something's going to happen to really trigger a big move up in the hogs. Coffee, KC, KC is trading at a new leg up. So this is leg, so this is either A or B. It's really good action. I'm going to call it a new leg B at this particular point. This is probably a new buy mode, but I'm not yet sure. But it is acting well at $117.15, $1.75 right now, acting very nicely. I suspect it's going to try for the 119 to 120 area over the next week and a half. Now, a couple of things that I... Oh, the rectangle formation. The USDJPY, look at this. No, it wasn't that. It was the EUR, USD. Oh, where was it? Where did I say rectangle formation? LC? Yes. Okay, live cattle. See this pattern here? It pulls back sharply and then it starts to move up. And within that context of the rectangle, very often it can have in a shorter timeframe, you can have a chaplain wave buy mode that goes through at least a D going just about two, just on or just over the previous high and then it pulls back into. This is exactly what we're looking at. In fact, we have some stocks that are doing that. We're a long BDSI. Look, so it went up to a peak D. We're in the 15, 17 area and went to 6.45. We're taking a little bit off, two little bits off. I still have a long position, but look what happened. It went into the rectangle formation. It's trying, it's attempting to get to 6.45 in the shorter timeframe. It's gone to a peak D once. It's pulled back. It's trying to do another one. So that's the pattern that I was talking about. We have another one which actually broke out. This is unusual. It went right to that area of the rectangle with in a shorter timeframe, it made that peak D. But now what it's done is gone to a second peak D, much higher cyber arc. We're in at 104, took a little bit, two portions off, still got a core position at 124.19 right now. It hit 124.50, a 20 point gain in a pretty reasonable amount of time. Just in November. From November I think it was the third or fifth? The sixth. No, sorry, the fifth. From the fifth. And now it's gone to a leg D in 120 minute charge. So these pattern, these rectangle patterns if you recognize them, it could be a really nice technique to use. The next thing I want you to show you is a Roku. Roku right now is trading. There's a rectangle. Same thing. It's gone to the 120. The deity went to 165.10, pulls back sharply to 147.51. Now it's got a chapel inside by mode. He has 120 minute charge, just went to a D. Right, what was it? 165.10 was the high of that last move. 176 is all time high, 55. And today it went to 164.19, just about 21 cents below that high. So this is it. This is the technique that we're talking about. The question I had about, let me just put this, LGF. Yes, the question about yesterday what happened, I'll tell you what happened. So yes, this is almost the same thing in a rectangle formation. Look at this. It's more like a cup and it's got the look of a rectangle. It's trading right now. This is the one that we did own. It pulled back a little bit and I just wasn't happy with it because there were other stocks that we were looking at that I thought had better opportunities to use that money. And it did pull back some, but it's a really nice move today. So at 765, at the level of October the 30th, it runs all the way to 9.92. Then it pulls back and it creates a smaller rectangle and then breaks down. This is the breakdown I didn't like three days ago. We were out even earlier, but I said, you know what, I'm keeping it on the list. It is looking good, but I'm just not sure if, I wasn't that happy with it because this is the first decent move that it's starting to have in the monthly since it made 36.48 in January of 2018. That's the New York Stock Exchange said this has gone from 36 to 7. So now this is a great candle. So the question was, it looks, it does look good. It's in this rectangle formation. I'm suspecting that it's going to have quite a little, quite a lot of resistance in the 9.90s. If it breaks into the 10.08, 10.11 area, that's really important because that makes the 14 period moving average in the weekly chart makes it the first time that it's actually been trading above it. Well, if it closes there at any stage this week, it'll be the first time it closed above that 14 period moving average since just very briefly in January of 2019, but goes all the way back to September the 28th of the week of the 28th of 2018 where it was at 25.07. So this is a good start. Lionsgate Entertainment for A-Shares. There's movies, et cetera. Nice action. And for a person holding it more longer term, I'd say this is good action. That's what you want to see. I'll be right back. Basil Chapman type. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave Sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter, the opening call today by visiting TFNN.com. 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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 This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com Hi folks, so our line's going just to refresh. I think it is looking good. It's acting much, much better. It's the duration of this holding position of four weeks. It hasn't done four weeks of sideways action without making the H formation and retesting the low. So yes, I like it. It is good. But do we go back in? I just haven't made a decision about that. I don't mind paying up at 966. It's a little bit higher than we got initially if it's going to go all the way to the 11 and a half, 12 area over a period of three months. I'll have to make a decision about that because that monthly chart is still really ugly. So here we are. I wanted to show you something else. I had a question about the SMHs. Yeah, the SMHs are almost being dragged up today. They would have been lower, I think, if it wasn't for the fact that the market is generally higher. Trading at 133.50 made an all-time high. 135.26 on the 15th of November went into a Chapman wave. This is very unusual. I talked about the Chapman wave, two-bar reversal, one of the techniques that we use. But this is a three-bar reversal. Now, what does that mean? Have a look at that chart. You've got three bars after then close to and then close to again all-time highs, 135.26 on the 15th. The high the next day is 135.26 lower. The high the next day at a very small doji candle bar. The next day is 135.25, one penny lower. And then it pulls back sharply. Look at the MACD did turn. They see this exactly here with a MACD, sorry, with a seven and with a green, nine EMA and the black, 14 pre-moving average. This is exactly the action I thought we would see in the Dow. So far, we have the S&P or the Qs. We haven't seen that. Instead, it went higher. So it says to me that the semis are starting to see some kind of a pullback. I heard something the other day that suggested that there was a lot of over-order, under-ordering, under-ordering, under-ordering for six or eight months or almost a year. And boom, they start to over-order. And now I think they've over-ordered. So we're going to see how this turns out for the semiconductor factors because they have led the market up. They have led the market down. They've been real kind of a barometer. And now we'll see. Do the estimators in the next week or two make all-time highs about $135.26? Or do we see a pullback? And that pullback will only start in earnest if first you go under $132.50? Wow, that's only a dollar lower than this. No, I'm going to make it a little bit more than that. Closes under $132, then there's a good chance of $130.60 being tested. So far, it's holding OK off that spectacular day. Look at that big green candle. One of the biggest we've had in quite a while. Yesterday, the Marabosa candle opens and closes at... It wasn't the low, it closed at the high, virtually no wick. And very often in my interpretation of this candle, you start to get some kind of a pullback, a doger candle, then a pullback. And then maybe you can go higher, but that's where the two things are. One is that it tells you that there was concerted effort right into the close to keep buying from the opening bell. And that says it's a little bit overboard and then it has to digest the gains. What happens after the second bar, after this Marabosa candle, is going to be important. That makes tomorrow important. It tells us whether it breaks above the high of... Where is the high of yesterday, which is $133.96, or goes underneath the low. So far today is $132.86, where it goes under $132.50. OK, so that's... And this is really important, because the semiconductors... Look at that. Just I could even put in the circle here to say, hey, a little round, an oval pattern consolidation right at the top. What happens next? Does it arch over, or does it break to another high? And they've seen the monthly chart and it did make a leg in the 120-meter PVD, triple top double, right there, the one that I was talking about, over those two dating bombs. All right. Now what we got is... A question I had. Oh, XLE. Someone mentioned about the energy stocks, maybe oil more than energy per thing. XLE is just stuck in a range. It's at $59.52, S&P Select Energy Spider Fund, down 38 cents. And to me, it's stuck between $60.65 and $58.75. In that range, breaks above it, then it'll be good, breaks below it, and then it'll be bad. If you hear a buzzing in the background, that's because this is one of the final weeks you want to get rid of, as many leaves as you can. And that done, and that's kind of important. I'm going to say do it later. I want it done now because it's going to rain and then it'll be a soggy Thanksgiving weekend. I hope not, but I want to have everything ready. So sorry about background noise. Now, a couple of things that we need to look at here. In the crude oil, let me just look at SLB, Slumberger. We looked at it recently and I said it's holding okay, but the weekly chart says it has to very quickly come out of this. It looks like a kidney right here. This is the kidney pattern. It's a W formation. And this right side is taking three extra weeks. It should not be here. It's trading at 36.48, minus 61. It's in late E. Maybe this is an F slash A in the daily. All I'm saying is that everything is a little toppy and I wouldn't be surprised if it has to test the 36.50 area if it holds that, 35.50 area if it holds that, that's good. If it breaks to 37.65 or higher, that's the kind of action I want to see and it has to do it really soon. Today would have been an opportunity. It didn't do that. It's already gone to a leg C in the weekly chart. Not very strong action at all. So this is something to keep your eye on because I think that these, is the San Jose a driller oil service? Can't remember exactly. So, and what we're looking at here is that it's starting to form some kind of a candle in the monthly that says it's done it before. This is the first time the technicals are starting to say, you know what, it could be a rally in these San Jose, what's in V? No, in V is not right. I don't remember. I'm trying to think of the whole of the list. Oh, AAP. No, that's not. That's it. All the parts. APA. Yeah. APA, Apache, made a P.D. way back in November. It's pulled back from the 25s to the 22s now, 23 and a half. It's just stuck in a range. But I have to see. Do I see that? Oh, Scott and Safety Harbor. Scott and Safety Harbor, how are you? Look at Kevin, before we get there, Schlumberger, I just bought 3,000 shares yesterday. And I've traded it before. I think Schlumberger is, you know, there's going to be a breakout. It just has. So, okay. Let's look at the table. Yeah. Let's go back to US Steel for a minute. The US Steel, I mean, it is just a rock solid wall that $14 mark, you know, and it's just pounding away at that. And eventually it'll get through. I think once it gets through that 14, then it's going to, you know, it's going to graduate. So, let me just say, Scott, 21, you know. The US Steel trading at 13.82 up 3 cents. It's had a really nice range. Talking about a rectangle formation. Wow. This is just a great example of that rectangle formation. When it gets to the lower part, you get ready, you can buy the dips. When it gets to the upper part, you're going to be ready to take some profits. And it's just been doing that over and over. Now, the big thing about US Steel, is that if the MACD, which is trying to cross positive now, crosses positive in a very strong way with the green line, the 9-bit differential already expanding over the red, and it starts to get to 14.30, 28, 14.31, I think then, all of a sudden, your weekly chart is going to improve a lot. It'll be the first time that you've seen enough technicals to say, US Steel could in fact start to get quite a bit higher. Hold on. We'll look at Trevor. You want to hold on? It's the exact of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. That same $50,000 investment in a target-first mortgage program would give you $3,500 per year, or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment? If you'd like more information about the target-first mortgage program, you can call me at 877-518-9190. That's 877-518-9190. If you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over, gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. 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I mean, I got out at the 890 range and haven't been really back in since some talks of a settlement yesterday and so forth which bumped at 50 cents. So, Scott? And it's on my hot sheet for the new year. Teva, Shlumberj, and... So, Scott? Let me... Scott? Hello? Scott? I wanted to just tell you it's right bumping it down a doji candle in a league after the Chapman wave that's the seventh highest, sixth highest peak and now you've got to be a little careful. It's getting pulled back probably. 10.22 is the 90 moving average support. 9.91. I would not be surprised after such a fantastic move. It pulls back but you're absolutely correct. Based on the technicals, this is a beautiful move. It's gone to the league, D in the weekly chart. It's done everything that one could wish for. Now I think it's time for a little bit of a pullback but absolutely keep it on your list because this is still in play. Very good. Maybe, yeah, that is sorry to show some signs of strength. So, yep, it should pull back but I think it's absolutely in play. Good eye. Yeah, I hope everyone has a wonderful holiday and try to put the market out of your mind for two or three days because in the end, the money doesn't matter. Absolutely. So, Scott, best of thanksgivings to you. Thank you for that advice and thank you for some of those tips you've been giving to our listeners. Do appreciate it. Have a wonderful weekend. Speak to you soon. Bye-bye. Bye-bye. So, folks, there are a couple of things that I was asked to look at. I'm going to just do this now. The TVIX is down of the 6.07 area. So, the question is in this particular timeframe, now on Monday, I believe it is a split, the split is not an issue. It does make an issue if you want to buy a lot of a $6 star, rather than much less of a 6.36 or maybe even a $60 star. I don't know what they're going to turn it into. It usually has quite a big pop in number, but it's the same number of shares. So, all I'm saying is yes, I was recommending take a little bit off if you're uncomfortable. I do believe you're going to see the TVIX at some point up in the market, and it's still shrinking. Remember, every day, it shrinks because of the makeup of it. But if you are, that's if you're holding it as a part of the insurance to a portfolio, then you have no choice because this is the way it is. And yes, it's a low number, but a low number going from an 8 to a 6, 20%, 25%, these are big numbers in percent terms, so why are you going to protect the portfolio? Now, if you do get as a trade, the fact that the TVX was holding in the 8s, then it went to the 7s, and then it slipped down to the 6s, it means that you're probably going to have to see two consecutive or two out of three consecutive days of really bad news to get it back at $1.50 higher because it has to be built on fear, but it called me one hour, it called me just a bad news thing at $12.45 and then at $1.45 you got a good news event, and then you got a bad news event. You can't be mixing it, it's got to be a theme that it becomes pervasive, it starts once, then all of a sudden over the period of a week you've got just bad news filtering into the market and when I mean my bad news is I mean that the market interprets whatever it is as bad news and then that thing gets played over and over. I'll talk about the political situation. We have a governor here, Patrick, he's just joined the race. Now Governor Patrick just joins the race Bloomberg might have had no money but he had constant name recognition by at least enough people to say yes, it could become a viable name in the candidacy roster. That doesn't mean to say you could have gone in but just a name that's recognizable but even then people who don't have anything to do with the stock market we don't often didn't know that he was mayor of New York and he sits a name. I mean Patrick is governor of Massachusetts. You can debate whether it was successful or not. There were a lot of scandals that would publicize very much because the Boston blow I love Patrick so nothing gets written about but there were scandals but nothing that anybody's going to talk about Patrick and you've got Warren from Massachusetts I mean really so Patrick has about as much chance of you know snowballs here in Massachusetts on a June summer's day but what I wanted to say is all the other names when you think about it if you listen if I always think middle America when I lived in South Africa you should always say hey the fashions the city of Johannesburg the commercial city of South Africa a very modern city knocked down all buildings bull skyscrapers real designs when I came here to Boston the architecture was just old fashioned nothing new so it was actually a revelation to me the other way around I thought it would be modern America it was actually old fashioned America so I always used to think fashions come late to to a country in this country we had all sorts of we had American cars British cars Yugoslav we had the Ugo we had the French Pugeot we had Renault we had all German cars Australian the whole everything you wouldn't think that but we had more selection than you had in the United States and I used to always watch fashion and I would think OK DuckTales that came along six months after Elvis all these things to take play it takes six months before they remember tattoos does anybody talk about tattoos now remember I said tattoos are out if anything you want to be buying the tattoo eraser the shop that can take out tattoos because that's done peak caps don't wear them in the backwards anymore only the old folks in tennis do that same as jeans old old folk are wearing jeans all the denims all the time young people don't wear denim so I look at fashion that's something I watch all the time here we go back to the race until you get two to three names that are promulgated every hour of every day seven days a week every single week every hour of every day right through to the election you cannot get that middle that middle American like when I was in South Africa Johannesburg you go just because because in city person probably from Johannesburg to Athens to Rome to New York to Sydney, Australia they're all of the same kind of thinking you move just 8 to 10 or 15 miles away it becomes much more conservative so until you get the people conservative in the literal sense until you like these people don't have a chance you've got to be the one that is mentioned all the time all the time so I thought I'd mention that I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing productivity and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as a number one market timer for gold as well the fact is markets can get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get that competitive edge that will help TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors it includes a special blend of ionic oil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they have been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive please go and page in a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhoades stay tuned for another great hour of the trader's edge heard here at TFNN.com hello so the TVIX on Monday is going $31. So for every five of these little guys that you got right here, you'll get one of the new share. So, all right. I still say, I said it before, so if you are getting nervous, if your objective was to say, okay, we're about to go down sharply, the TVIX should go to the 85910 area. The opposite has happened. You've got to have money management because this is not the sort of thing you want to play around with. I know someone who had, well, literally thousands of these little guys in the, I can't remember what they said, eight, maybe eight, way back in just sometime in 2015 and never have recovered them even when they made money, they didn't take the opportunity and get out. So I don't even know what it's worth, maybe pennies by this time, who knows, because it's split so many times. So all right, here we go. Within the context of the market right now, let me just do this, INDU, the Dow is trading at 28,112 up 45 points. 45 points is good, three good green candles. My impression was that today we will start to see a very narrow close and probably some kind of a pullback tomorrow. Friday will be very important last day of the month. It's just kind of important last day of the week. We'll see what happens there. But I'll just give you numbers. At this point, the Dow would probably have to go under yesterday's low of 27,970, probably have to go 27,850 to even make some kind of an impact in the green line, the nine period exponential moving average. And I don't know how I can do it unless it's going to be on some disappointing news. That's the way I'm looking at it right now. We have a position and try to manage this position. I thought that it would work in terms of the timing. It's a position that has about a 1%, a little bit of a loss. We'll see what happens here. But I think the Dow wants to watch and have a great day. You've got Steve Rhodes coming up. You've got Dave White. And then I'll be back at three o'clock to do the Tummer Brideshow. Stay tuned. Have a wonderful day and I hope to see you later on at three o'clock or tomorrow. Have a great day.