 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes I've always basled Chapman sitting for Steve Rhodes sitting in for the hour. No way I could do the Traders Edge on there That's the unique thing about all the hosts here TFNN. We all have our individual techniques Proprietary to techniques and actually techniques we discuss in public We have webinars on all these different techniques, etc. And I'm just thinking as I say that our late Dave White colleague Evidently would have been his birthday on the 29th leap year So we miss you Dave and Deepest thoughts we miss you a lot here So with that I'm going to do this. So the Dow right now is up 61 at 39,058 We it might work in the Chapman Wave. We've got a very simple technique It does get complex as it moves on but the simplicity is you identify a low And you can't eat success of the higher peak of appetizing sequentially uppercase on the way up lower case on the way down ABCDEFG there's never an H and D other things can happen if a D within three bars It makes a new high you call that an alternate count E and then slash a f slash B g src And invariably she says she goes to the D might pull back first, but it'll go to the D Simple bicep don't get upgraded to a by mode The objective is to always get you to at least a leg D and then a peak D It can go do all sorts of things at D, but that's the objective. Well, what do we do? We got to a D right here in the Dady chart pullback We've created an up channel Chapman Wave inside track up channel support zone We've gone right to the Chapman Wave inside track repellent zone and got repelled. It's holding the nine the black nine period moving average I like to use one. I called the indicator of last resort because not this one right here Why because when the nine period moving average crosses positive and look here in the spine cross positive on March I think sorry November the third Even with all the stuff that's gone on in the news or whatever whatever whatever It has not crossed there even with that sharp pullback early in January it did not cross negative And it's still the nine period moving average If you just held this one position And use that you would still be long we've tried to do that with Microsoft. We've had it for quite some time We've had it since there And look it's holding the we even it looked like it was gonna go pink and didn't go pink It could still go pink, but this is an indicator called the indicator of last resort So I'm just showing you these things to show you how Some simple techniques can work and you can make them complex I sometimes make it complex by trying to identify a very short term tough We've actually we are still on a very short term basis Short the Dow that via the DOG. We still have long positions from March of 2020 In the diamonds and the diamond and UDOW should never do that But we do have it three times long from October of 2022 Yeah, so it's just a short term trading position But we'll see if it's going to work now. Let me show you a couple of things and I want to go I've got all these questions. I say that I will try to do what Steve there so well, I'll try to take as many questions as possible So this is the S&P leg G slash C right now going towards the inside track repellent zone. Yes It made a new high today. That means the weekly chart is only a leg B After this fulcrum this propeller shaft moved to the outside So any pullback makes this whole area no matter how deep the whole area of 4,800 to 4,700 should hold If there's a really sharp and it's still in a buy mode. So this is very positive looking out and Looking at the QQQ I want to get this done very quickly because I've got now got a ton of questions that come in A leg D in the daily chart of 443.12 up 413 And it's at an all-time high as we speak and there's only a leg C in the weekly chart So to get it to a D you've got to go out at least another minimum of three weeks All right That means every week you either makes a lower high next week and then a high high the following week And then a lower high and you've made your peak D. It doesn't quite work like that in real life They take a little bit longer. So this is very positive. IWM is breaking out Of the resistance that it had in the 206 area No, sorry 205 area now it's a 206 13 Up 2.42 nice action. I like that action is very good and a leg D in the weekly chart And only a leg B and you and I have to call it I was calling it a gray leg B now I can call it a blue meaning that it's a buy mode In the monthly chart for the first time it's done there. Oh in ages Look the magnies go the stochastics finally at 81 percent and we still that means we closed last month yesterday In the 80 81 percent area now you had 81 starting March And the on balance volume is not overboard at all. It's kind of just okay And the nine is crossed positive. So this is looking very good. I didn't do the XLF I was asked about and I'll do the XLF That's the financials starting here to peak air from the daily chart Look way above the nine or not away, but it's above the nine, but the nine is way above the 14 Magnies good not great, but good stochastic is very good at 90 percent on balance volume It's a little bit overboard weekly chart is energy slash C I'm looking at this and the monthly chart has to get to 41 70 January high 2022 after falling to 29 In October of 2022 very nice candle very nice candle last month and because we've gone Oh, we have we must go to a higher high this month above the high that was made last month of last week of 40.55 40.56 Continues the monthly leg b and continues leg g says c in the weekly chart. Uh now I want to go to gold Gold is broken out very nicely. I was talking about this in the show I say the 2082 level on the left with a nice price time match left side right side Couple v shape formation might challenge that very quickly. I'm wrong. Behold. We've just done that up 27 dollars The weekly chart. Hey, it's it's not bad. It's good It's a nice start But look the nine-period moving average with all of this pullback from the two Um from the 2100s down to just under 2000 that nine-period moving average held So this is a very this is a big positive So, um, yeah, I just want to finish that up with Dollar just pulling back a little bit down 21 ticks at 103.93 That high that was made uh, just uh three weeks ago At 105 just I think it was 105 104.98 That's the only nicely. I don't bet the nine The the nine-period moving average pink then it went green yesterday. Now it's pink again when you get this You've got to be careful that it isn't producing a magnet line at the 200 period moving average of 103.80 If you already want to be bearish now on the dollar and bullish and gold You want to see this down as 102.30 by this coming friday or at least Maybe seven sessions from now trading under that that I'll say okay now gold can be higher I'll be back 1040 sbs of 20 and I've got a bunch of calls. We'll go to a net very soon that's uh Arista networks If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tamio brian delivers options and equity trades when the markets present them Using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball 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 basal 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 and stock prices Get the opening call newsletter by basal 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 Steve road started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tigeresses for just one dollar for the year There's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Toll free at 1-877-927-6648 internationally at 727-873-7618 The tiger, you're a dazzle chap, I'm staying in from Seabro's hour In the uh in the tiger youtuber someone said uh who was it? Jeff? Was it uh Have a look at MU Yes, micron monthly going back to 1999. I remember this so well. I I should have Charts all notated with the chap wave no notation if I hadn't lost them through different things because I've noted look at this It made a lot. I I've spoken about this I even had to I put in a webinar once where I spoke about advanced micro devices that used to go to the single digits And then scream to the hundreds or even higher than that once upon a time Look chap wave a low right there in 1996 goes to a peak deep pulls back starts over again at um In june of 1998 at 10.03. I think it was peak a peak b peak c peak d Actually a chap we've instantly stopped as it goes to e Goes to f and the month of july of 2000 makes At top at 97.50 But look at this it had a you you talk about round numbers. I remember this well it had a 91 round number Open that month Yeah, I think it was split, but it was still a round number Isn't that interesting? That's why i'm saying these round numbers are going to turn into something important I don't know yet exactly how it's going to work out then back in 09 it goes down from from those hundreds it goes down to $1.59 source of brand new peak abcd pulls back 2010 Yeah, 2011 pulls back source another one That goes to that one went to 11 95 this one goes down to 397 And the screws peak abcd e f and even a g Right there G and oh my god, I can't believe it the g in the month of december of 2014 And you know what it makes a 36.59 high But it opened the month to open the month. It's just coincidence, but it's amazing how it happens It had a round number 36. Well, it goes from 36 down to nine dollars and 31 cents A year later less than a year later January of 2016 Then it goes peak abc de Fails right there This is a chapter we've inverted green roman candle And it takes another one right there and then it turns around and it fails completely with another one And what was that high that I was 64.46 around numbers you can't expect every time Yeah, and then it pulls back from that in the 60s it goes down to get cut in half and 2018 a january no december of 2018 it goes to 28 39 goes peak abcd And then continues higher to e and f with a double top of 96.95 Back in about april of 2021 and then January it goes to 98.45 after dropping 30 points to 965 it goes to 98 double top right there Yeah, that's it and then it comes down And now we've started a brand new move to the upside From the low 48.43 and it's trading in a leg c right now. So that's still very bullish unless you make a triple top 95 right now the highest 95 97 So 98.45 was the and this is an inverted I've done a lot of work on this inverted handle and cup this is not a cup and handle handle and cup I I don't want to go into it right now because I go to review what I used to do when I did this particular pattern Yeah, it's not an n. That's a b. This is a new leg b. I hope that helps you. Okay. Next question was Arista Let's go to a net A and e t So this is having a big move today It's up 3.3 9% up 940 at 286.94 had a high of 292.60 62 had a round a couple of round quite a few round numbers over the last Three weeks. I didn't actually check to see in the most recent ones. I'm not going to waste time on that right now Oh tooth Opened yesterday 275 Had a high of 278 and yeah, it is a 287 So it's it's looking out over a period of time. It's not immediately that you look at it I want to see what happens. Will it retest the 292.66? Well, it's acting very nicely And the monthly the weekly charge is still strong in the monthly chart is amazing But when these take a breather, I think there's it's going to take quite a bit of a breather It's looking really good right now. So where's the support to 74 to 271 The 14 period and the 9 period moving averages. That's your support breaks under in the next two weeks if it closes any day Close under 267 I say just start being careful because it could be retesting the low that was made just the other day And look the pink the 9 period moving average when pink just briefly announced back to green So think of it green is positive. That's all you have to do. Now. I need to go to Um, okay, so I'm going to go to this one. Oh, so that's so where could it go to, you know for me I do this all the time and then I find the majority of time for I love the way Larry does it for some reason Larry has a way of looking at these One-to-one expansions and he does it so beautifully. I'm picking this from here To there straight line and then I want to I like the parallel moves. I like to see like A move that does one-to-one in the same angle the same degree. So if you do it this way, that's a failure Because I always take it from the low Right, but if you take it from the high We've already broken above it. So all I can say is that's not working So I can't really tell you what I would do is I'd go to my automated Uh, where did it go? All right there. So a a net a well first of all Let's do this semiconductor to two one point sixty one as a chapter wave Automated resistance level in the daily. There's nothing here in the week There's nothing in the monthly nothing in 120 millichart. So to 21 would be resistance We have a couple of points away from that. Let's go to a net and a net There's 292 point 40 and it's already gone there. It's gone to two 292 point 50 66 Every couple of weeks ago. So there's your resistance and you're breaking out in the weekly chart above the resistance That has now become support and there's nothing in the weekly of the 120-minute chart So I hope that helped you next question. I wrote them down in order Fizz fizz is Phi serve I believe Phi serves right here fis Yeah, so it made a new Recovery high today We went to uh, yes. Yes today 69 points 59 is down 34 cents. It's in a leg e The on balance volume is already pulling back. It's a little more than 90 percent In the stochastic is really good Magdy's good. So I suggest to you that I'm going to draw this in and we'll have a look to see if it's accurate. It can go a little higher towards 70 But this is what I would be looking at First of all, I'd look at this as your your first Area of resistance and support and that takes you down to the 90. Oops. I didn't mean 90. I mean 60 66 to 65 area is key support. Very strong leg d in the weekly chart Yeah, so the midpoint of that would be your first really good support But that monthly chart is only in a leg. Hey fidelity national information payment. Oh, that's what it is Fidelity national information payment services credit debit card processing. Oh, I looked at this level now. I forgot about that Yeah, acting very well I'll be back guys up 28 as the fees of 20 You're right guys are jumping sitting here for Steve rose the gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. So you have nothing to risk Subscribe to tom o'brien's gold report newsletter now at tfnn.com 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 From the moment the market opens until the closing bell sounds tiger tv has 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 Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-knock investing systems Strategies and techniques. It's time to protect and grow your money with insight You can trust join us live monday through friday during market hours for exclusive content that moves with the markets At tfnn we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn we're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv So this is bowser chaplain sitting in for the hour of steve roge is away Catapult so the question came in catapult. Look at this All-time highs yesterday had a round number open of 331 And a nice green candle today. There's a round number open of 330 334 And it's moving to all-time highs. I don't know. You remember what we saw just now. Oh, let's go to arm arm Round number 164 all-time high. Where is it right now? It's at 142 144 was the round number high yesterday. There were so many stocks with round numbers that actually took them out Last night the closes of a whole bunch of stocks were at round numbers even though the official close was With a decimal They had in the left column right here where it said close They had round numbers. So something's going on and I I'm just going to say Um, I'm watching this very closely very closely. Next question came in Uh, did I finish fives? fis Oh, yeah, so that's what I said 65s should be supported this big green candle now What happened if this closes towards the high of the day that'll be marabosa candle no wicks or virtually no wicks That means For the next two bars. I look either if there's another a stronger gap up move. That's fantastic Normally you get either a doji candle or a pullback to give back some of the last hour's gains That's normally what I would see on a candle like that. Next thing we want to look at is postage pst But it's got nothing to do with postage. They took the stamp. Oh, it was stamp. It's dmp postage Spectac I followed this for so long pure storage ink A shares Unbelievable up 3.65 percent of that for dollar 62 54.57 Had a must have had great earnings yesterday spectacular move I have to call this huh I have to I I think I have to call this an a And this is a leg d in the month in the weekly chart leg f in the month And even that has to change because it's just so strong Um fabulous move. So all I could say is there are so many Moves to the upside that are off to the gap. That's usually really positive But two things you've got to keep in mind within the um within the context of Going sideways that's one thing but in this cut formation as a breakout What you do is that little the the lip on the left side right here down here below 45 to 41 That is major support Now you have to look for secondary support and the secondary support is the most obvious one Which is the gap low of yesterday where it opened it opened at 47 58 so it's It's at 54 right now. I put it here again I put it in the middle if it starts to close under 50.30. Let's say if it closes under 50 and I I'm I'll have to I did this quickly the other day because I really I looked at it as a potential because it's always on my I don't know if I've got it back on my list, but it's something I've always Noted that in packaging. They do two things. I would packaging is p k g I don't know if I've updated it. Yeah, look packaging. This is packaging No, no, no Oh, wait, wait. Oh p h k. This is p k g packaging At an high all-time high as we speak. So this is packaging core of america. I like I always The reason why I look at postage is because I always thought it was kind of This postage stamps right so I realized that the symbol that I'm looking at is different to the actual company and but packaging core p k g is Really important because it tells you about The proclivity of people to be buying things over and over and over. That's why amazon's up at the highs And this is a really it's in make sees a very bullish sign a Alternate count. This is a leg d in the weekly alternative count the last d pulled back quite a bit. Yeah, this is nice a b c d So packaging core of america is I put it together with With my cta cta s Wm waste management So this is this is america. This is what's going on in the economy right now So it's really there's a bullish side So let's go to my the question that we're looking at here. The next one was could I look at Microsoft so we're looking at microsoft earlier on And what I'd said was looking at those pd's. Let's see if I've still got microsoft. Yeah, so here's your pd In the 10-minute chart and to pull back but that nine is still holding well So for the nine for the green to turn pink you'd probably have to see this is a 10-minute chart Microsoft trading below 411.20 and that'll make a dreaded h pattern. Oh, I mentioned something that I'll have to show The dreaded h is right here dreaded h is It's when you come down sharply not you when the price comes down sharply And then makes a peak a ruby it fails and it takes out that left side low That's a that's a dreaded h And if it takes it out you can go one to one to the downside of the arch So I'm only watching this closely right now the nine's still holding very nicely. Okay on a shorter term basis Microsoft has gone right to the 200 period expansion moving out. So let me just show you this as you're starting Yep, this new start right we look for the lowest low to start your wave count peak a And every peak above it gets counted. That's a that's also an a that's now a b That becomes a c that becomes a d and that becomes an e and It pulls back pulls back and has one spike to the upside. That's an f That that didn't go pink. So I'll just put a pink Plus sign right there. I'm not going to do that now I'm a time and I put a down error and now we're watching this closely So the one minute chart is still in the down mode Um, and you're watching to see what happens with the 10 minute chart is still looking good. All right, so it gets out of this Let's go on you want to be looking at the next question came in cvna This is another one that Folks look at and they shake in and they say wow, I could have been buying this way down In the pennies and here it is at 80 dollars. So it's an old egg seat stopping right at a line is not being at since 2022 when it went negative Right there and look what happens. You can't strongly 200 period moving is as a 200 period moving average is as a magnet Back in 20 the end Let me see if it's december january Back right there February the week Week each idea week of february the fourth carvana cvna closes under the 200 period moving average for the first time since it broke above it back in uh, april the week of april the third 2020 it goes peak a b cd e a b c d e and then it has this kind of a b See but that that's see you have to put into context here Uh, let me just jump and take a b See Yeah, so when I get a c like that, I always go back and say what did I miss so that is a c It's probably the c and it's a minus fails very very seldom fails in the c So it comes back down, but then it went negative right there and the week of 21st of january. It hasn't been there since 2022 it's just touched it for the first time. That's how important the 200 period moving averages I'll be back basil chap is sitting for the hour of steam road a lot of questions coming in and even more. I'll be back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both Influence 4x markets tremendously when you sign up for the tiger 4x report You also gain instant access to teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the tiger 4x report for all the details and to start your 30 day tiger 4x report subscription today Visit the front page of tfnn.com tfnn educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader lary pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time 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 Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Will the smp 500 continue to climb for bold trades on us large cap stocks in either direction spxl spu u or spx s Directions daily smp 500 bull and bear leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus And summary prospectus call 866 476 7 5 2 3 or visit direction investments dot com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Our first basal champion here sitting for steve rhodes hour The dollars of 18 s visa 21 um We're looking at carvara. See our cvna trading up $4 at 79 94 made a high just the other day P e it's pulling back just a little bit now it's going green But the nine is look the price is way over the nine 90s way over the 14 period moving average in the daily chart MACD is still expanding the histogram. It's just now flattening out But it's the green line is expanding with the pink line the night the unbalance the Relative strength is still good. It's not great, but it's very good The stochastics at 82 percent that's great unbalance forms a little bit overboard But it hit the 200 period moving average after years That is a magnet line Because it's the first time you could hang around you and then it could pull back Towards the 65 area at some point. Well, it depends on how high it goes in this phase But it's a leg c and that's really good. That is the magnet line 79 right there 200 period moving average of 80 point 96 So it can go higher. It can go lower. It'll keep coming back to this area as I see it It's an leg d already in the Monthly chart, but you always get d's coming off a bottom Otherwise, how do you go to the top? So this is very bullish so far But very short term. I can see a storm to meander There may be 85 This even go to 86 as a high and I'd say 70 72 is the key support on the very short term watch it closely, but so far it's looking good But it isn't at the new high So it's taking three days to rest up at this particular point next question came in I did that I did that ARWR ARWR I'm looking at this. Oh, what a nice move today. This is uh leg b So this is a brand new leg b made a peak f top just at 40 or just under 40 It plummets down to the 28th 29 area now. It's peak a peak b The mag D's good the nine's good nine over the 14 the stochastic's weakest No, stochastic is an 80. I want to say the on balance volume is a little weak on the regular strength Is climbing but uh not as well No, I should I should say on the register the Registrate index is good and the weekly chart isn't good. So what am I looking at ARWR? Gosh, I used to have this all notated. I can arrowhead farmer Uh, yeah, this is good. I think it's heading towards 3782. That's the Georgia period moving average if it gets there next week I'm doing with speed now because that's what biotechs do if it gets there next week then the high that was made Of 39 83 the week of the 12th of january That becomes not just a target. I suspect it'll go to a leg b above that Key support is where it was yesterday at the close and that's right on the 9 and 14 period moving averages And that makes the 32 air 30 through 30 to maybe 32 30 to 20 that's kind of key support short term Then I had a question. Oh, I didn't really want to discuss this um Yes, so comics gold So oh comics gold. So what is going on? I have to suspect I suspect it's part of Middle East thing Because that's the way that those goals has been moving lately Um, it's not the dollar. I think it's now gold the fact that it's broken that left side support The the the gold stocks are so low That I think that you could nibble on some at this particular point I'm sure when tom does his show later on today at three if he's if he's on Um, they'll be talking about the gold stocks But this is the first time because of that 200 period moving average the break away with an inverse head and shoulders This is the first time that i'm actually seeing Strength and we've got to wait. It's not even 12 o'clock yet. So we really have to wait until later in the day But if I'm going to let's do this if on monday The weekly chart extends higher And tags the high that was made Back on the week of the 29th of december, which was at 2117 I mean theoretically that should be a long way to go but look how quickly we've moved up here Um, and it's only a leg b and I've got the stochastic for the first time at 80 Yes, 82. That's the first time I can say this is a move that could have legs and the On balance volume is working out well Regulus jet has been rising throughout this pullback and now with the rally And you've got the nine over the 14. Yeah, I like this very much even if there's a pullback I think that the trigger off the low that was made makes the 2026 to 2038 level Really good support if there's somehow other, you know, gold does that when you least expect this the first friday act and remember When we're looking at gold acting so well Let's just see Oh Nvidia so Nvidia Nvidia Very good move and I I'm not going to say anything other than it opened at a round number 800 all I'm saying to you is that I don't ever remember seeing the numbers that we're looking at of leaders That have round numbers in desperation where people are saying I don't care. I've got to have just grab it 800 take it it's mine and That just says to me that that is a form of round number hysteria And I think there's a penalty to be paid for it It doesn't have to be immediate, but it's saying to me. We're going to look back at some point I don't know about the market, but I'm saying that these astounding moves to the upside You will find that at some point we've given back a big chunk. Look, yes and video I've still got the letters remember I do every single charge the thousands of charts that you see a hand chart Doesn't take me long to do but it's a hand chart and then I lose a bunch because why I lose a bunch a bunch because um the When when it shuts down for instance yesterday out of the blue, I just had to shut down Comcast I don't want to do us Um and shut down but it came right back But normally in the old day and I've got all backups and anything But normally what happens if it shuts down and says you got to close it or it closes automatically I lose some data. It's there in the library somewhere But it doesn't come back like and I then I have to re-notate those charts Not everything but those charts that I lost So there it is. I'm pleased. I've still got the same chart. There's it was once I these it's astounding to me How great companies split And then they come right back to the previous price. Look at this that e means that the price was just below it Where are we right now? We're just below it in leg c At 5 819 in nvidia astounding move, okay So I'm watching it. I made an 823.94 top the mac d's good And mastic is good. So cast is only an 82 percent. That's good But not as good as it would be on balance forms a little bit overboard And do I call this a g just for the moment of putting in a g? I think I need to do some work because that was an instant restart That will make this e slash a f slash b and this will become a g I'm going to put a g slash c Because you never I never ruled out the instant restart Parallel people ask me how well if you got a parallel recap Wait, what are we supposed to what I'm saying is that once it makes an instant restart within three bars after d You've got no choice but to consider it in the chap and wave as an alternate count Uh, down's up 29. We've got the last break coming up. Gee, it did go quickly, didn't it? Did I miss any questions in the game? Yeah, okay, there's one. I'll I'll get to it in a moment I'll be back pencil trapper city in frisbee roads down's up to you 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 basal 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 and stock prices Get the opening call newsletter by basal chapman in 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 Educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement You need to act on at any time 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 Subscribe to the Fibonacci 24 7 newsletter today tfnn.com Educating investors Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn. We're so confident in the value We provide that we are for a 30-day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors RSP this is the s&p 500 equal weight etf. It means that they have to buy 500 of these little guys to get Whatever it is What it had you never see this in in etfs What it's an all-time high Uh, whoops 164 49 was the all-time high so within a dollar of an all-time high or so And it had 163 round number open. I mean give me a great count of that Apple apple is breaking down It's one of the few that's just fading to do what it has to do. So it's making the arch formation I suspect that you've got to have a laggard and every bunch of leaders is always a laggard. This is apple So that's part of what's dragging the down down a little bit. Um, we're also just real quickly. What was it? Apple Uh, yeah, oh, so yeah, so a quick question came in at tlt so that's bond So this is a good move up. It's m&a b I'm not yet sure that bonds are really going to scream to the upside just at the moment I think there's a move to the upside so yields can come down a little bit I just i'm not a hundred percent sure. This is not great action. It's really and I think gold is telling us about Uh, the gold is the um is the fear icon for international geopolitical events So that's probably what we're looking at here. Maybe that will affect the market. I don't know So in the meantime, I have a fantastic weekend Um, check out my opening call my daily newsletter. We grabbed a position today I had to do a split because if I bought it at the high it would have been ridiculous I needed a pullback it had gapped up huge And I had a split position because I didn't want to miss getting it But I also wanted to be buying it at the high and have it drop sharply because it looked positive So we got a split position. We only got one part of it so far. It's doing very nicely, but um Next week, maybe I'll get into it in my show a little bit about how if you're really missing something Start a position, but don't get the full position at least you're in it and you get a good feel for it So with that said, oh, this is the first time i'm actually waiting for the music. There we go Hey, have a wonderful weekend safely great program and still to come and check out opening call and my show at 10 o'clock Eastern time weekdays I'll see you on Monday