 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now, toll free at 1-877-927-6648. I want Hazel Chapman here on this Tuesday, October the 26th, and we're looking at the doubt making a new all-time high. I'll pull back a little bit from the intro day. I suspect that the 35,900 is going to offer some resistance before we get to the 36,000 level. We'll see at this particular point we get 35,865 in a leg deep. Now this is going to be very interesting. I'll take some time in a moment. If I have a chance, as I've had some very good questions come in, and I had a couple that came in yesterday, which I didn't see until too late, so I'm going to get to those. Let's look at the Dow, first of all. The magnitude of the moving, the daily chart on the left here. Yes, it says we're along from around about 35,000. We're at 35,829. We've added to our long position, core position from March 23rd of last year, where we started buying the Dow. So we're looking at the flat stochastic at 96%. That is usually very good, and it's not telling you that you're about to turn down, unless there's some bad news, because the technicals here are strong enough. The magnitude is extremely strong. On balance volume is lagging. He hasn't got a look on the left side, back around about the 18th, 19th of September. Look how it overbought that guard, and then it pulled back. But this hasn't got overbought yet. It's only in a leg C on the upside, the on balance volume. The nine period moving averages way above the 14, and the price is way above the nine. So far, it definitely has to be some kind of a bad news that filters into the market, that is reflected negatively by the market, because it does not like that news. Other times news comes in and the market says, oh, I couldn't care less. So we'll see, so far, acting well, up 71 points. Look at the S&P. The S&P is up 22 at 4588, all-time high, hit 45.91 today. Leg E in the weekly chart, only a leg B in the monthly. This is incredible that we've gone from last year, March of last year to the level of 21, 1991. We've had only one peak in the Chapwave methodology, and that was that peak that was at May, sorry, no, September, September of 2020. It has one little pullback, a single, like a red candle, but it was still an up bar, and then a red candle with a down bar, and then we immediately start leg B, and this is called in the Chapwave methodology, a floating ladder, and it floats and floats and floats until it makes a peak. What is a peak? Look at the mountain. A mountain has a peak because the left side is going up and the right side is going down. We're not going down yet. This is still going up. Unbelievable. I mean, 21, 1991 to 45, 89, and you've had one little minor excuse for a peak. Wow. That is really something. So strength is here. I suspect on the interday we started to get real choppy. I think we were about really close to making some kind of a top this week, short term top. Why have we got a leg C in the daily? We have to wait for a peak that maybe is tomorrow. Wednesday, there's a lower high bar, and then Thursday or Friday you make a new high bar. That goes to leg D. And then we've got to be careful if the technicals are suggesting that there could be some kind of a pullback. So far, the technicals are suggesting no. Let me see. Did I finish that? No, I didn't. I just do this real quickly. Yes. I did a lot of work on the E-minis. 120. I wanted to spend some time today on my 120-minute charts. I don't know if I'll be able to do that. In the Chadway methodology, you're always looking for at least four higher peaks. Let me just show you this quickly if I can get to it. This is for newcomers to my work. You're finding what you do is you try to identify the lowest low bar, and then you merely count each successively higher peak alphabetically with an uppercase on the way up, downcase, lowercase on the way down, and it can go all the way A, B, C, D, E, F, G. Seven higher peaks. It never goes to an H. It's like the piano notes on the piano, A, B, C, D, E, F, G. Never an H. So at the fourth highest peak, peak D, other things can happen. Could be E, could be F, could be G. But at Ds, where you lift your foot off the accelerator momentarily to see whether or not you're hovering over the break because other things can happen. Well, look at this. The E-mini, this is a continuous contract. Now, I would not be trading off a continuous contract, but I use it all the time because it gives me a real good sense. In this particular case, I do not have the E-mini, the December E-mini going back long enough. Here I've got it going all the way back as long as I want. And then you can see leg B in the monthly chart right there, the little bit that you can see the E-mini, S and B continuous contract. So today we've gone to an E. Just underneath the Chadweight inside track repellence zone. See the pink and green lines? It gets repelled every time. This is a peak D repellent right back at about 10, 10 on the 19th at 10 o'clock or 11 o'clock maybe on the 19th of October. Then it goes peak A, B, C, D. And then all of a sudden around about, just right on 10 o'clock, I think it was the 23rd of October, it has a sharp pullback, goes into a rectangle formation and then breaks out and goes peak A, peak B, peak C, peak D. And now we've got, ah, we've got 45, 83 and 45, 82.50. With a chance, well, I don't know, but maybe a chance that in this 120-minute bar we make a peak E. But look what's happening. The magnet is good. Stochastic is flat at 92%. Unbalanced volume is good. Everything is good. So, so far it's bumping up against that. That's the way I use this particular technique. It's a simple technique until you get to D or E and then you have to make some decisions and it can become a little complex. But you should try to keep it as simple as possible. Leg B in the week. This is only a leg B in the week. I don't want to be going short just yet. Maybe on an intraday basis, yes. But not, not longer term basis. This is just so too strong. And it's leg D in the weekly chart. Let's go to the Q, Q, Q, 1, 2, 3. Did I do the Qs? I thought I did. Oh no, I didn't do the Qs. But ah, I did. I haven't finished the Qs, but I did to the end Q, which is the continuous contract. And this has just gone to a leg D. You can see what I mean by just on a very short term basis, getting to some kind of a potential pullback. But so far that's all it could be just an 120-minute chart. Meantime back at the ranch, this is only leg C. A leg C, a beautiful leg C, I must say, in the daily chart. And it's at 15,665. What was the previous high? This is a continuous contract. 15,699. 699. Oh, we're only, what, 29, 30 points from an all-time high. So this is still very positive. Now let's go to the IWM, the Russell 2000. Russell 2000 leg E. Within the rectangle formation, going to the upper length, it's now leg C in the weekly chart, great leg C. And the Mancini's almost about to turn positive. Isn't that amazing? So far this is a very good action on the Russell 2000. All right, let's get to gold, quickly gold. Pulling back very sharp, and now down 21. I had this notated in the continuous contract. It went to a peak F, so I see that it hit the rectangle formation. Within that, you've got your arches, all techniques that I discuss in my webinars and my CD introducing the Chivalry methodology. And yet it is coming all the way back to retest as low, around about 1782. 1776. No, 1779 is the Georgia create experiential moving average. Wow, great coming up. Let me see if I can just finish some things quickly because I want to get to those questions. I'll be back in about 2000. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com. TFNN, educating investors. 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Watch online at TFNN.com or on TFNN's YouTube channel where you can find the best investor you were born to be TFNN Educating Investors Toll Free at 1-877-927-6648 Internationally at 727-873-7618 Opposed we're back about 18SBZ 29 and during the break I must have done how many charts I don't know how many charts I got requests for them I'm going to come back to some of them they were very interesting I said gold is in a range it is tradable but it's more an inch a day type trade when you go to the bitcoin that's a little different bitcoin has had a huge move now it's in this consolidation phase it's at a peak D in the daily I'm calling this at least for now I don't see any reason why I should change that a leg C in the weekly chart and a leg D in the monthly chart so it's kind of had this real big flurry now there's a lot of competition for tradables and let's just see what the crazy thing WAC WAC that's down 10 and 73, 92 he has a stock this trading in the 12s one day and the next thing you know it's at 170 something I mean announced at 973 so there are a lot of things that are taking place that are usurping some of the tradables that would normally be in play and that's why I'm saying you've got something else going for it if you look at the dollar DXY the dollar is holding well it's pulled back quite sharply at peak F in the trap wave at 94.56 the October 12th I was asked a couple of people over the last couple of months and one person in particular saying kind of why do you use up that line in your trader's corner for the dollar when really not doing very much that's only because I do have people they have businesses they need to deploy the money in certain ways they really want to know what the dollar is doing so we've been along the dollar since April of 2018 at 90.07 via the UUP we never got stopped out even though it ran up all the way to almost 103 and then it pulled back down back to 89.21 we never got stopped we're still long and I'm kind of keeping it because of a couple of things it's almost like a benchmark of the US economy and I just believe that as the economy gets stronger I think the dollar will get stronger that's just my thinking we'll see what happens in the meantime back at the ranch let's get back here we want to look at the TLT and then I'll go to the calls I'll go to my questions here TLT's now pulled back it's only up $0.07 I think yields I mean what was that let's just see she said she posted earlier on that the I can find it the Fed which one is the Richmond I believe it was the Richmond yeah I'll get to it there it is long slide 9.59 there Richmond Fed manufacturing index for October 12 versus minus three last month I have to tell you things are really improving and in fact as this has this variant the Delta variant starts to be attained I think we're going to see a lot going on in terms of the economy and so one of the reasons why you're looking at I mean automobile companies they might not be having but they are selling at top dollar and that really makes a difference when you're selling something that $5,000 over the sticker price I think that you started to see you don't have to make that many sales and doing very well I think that's what you're looking at but that's also going to come to roost at a certain point I just a real quick I just want to get to this because it came up PR PHF I can never believe these letters are very difficult yeah this is BR we looked at this yesterday what is this this is the I'm not even sure what it is if I can read it this is Galaxy digital holdings up to day up .32 with 22.60 this is leg A PK leg A again so this is leg B it's actually very nice it's trying to get out of the rectangle trying to make a cup formation yes this is good action I agree with you good action the question came up earlier about SHW SHW SHIM and Williams had not such great news but they are their favorite color is green look at the charts occasional reds and look at this it went very red earlier this morning it dropped down from yesterday's close in the 340 area it drops down to a low today of 302 and it's trying to come back to around 76 cents it might even turn green by the end of the day look at that V-shaped pattern in the weekly chart leg E and leg D in the monthly chart so yes I hope that helps you just wanted to see the chart there it is yes is there a recovery faster than a V-shape a V-shape I love the V-shape pattern the cup pattern takes its time and then turns around it has a stronger momentum but in terms of just absolute speed it goes straight down and then in either a shorter time frame or the same time frame if the price doesn't go to the top and then reverse in other words SHW and Williams had a high on the week of the 27th of August of 309.98 the next week was 10.41 so that was the high peak D it pulls back very sharply to the 270s and it took 1, 2, 3, 4 thousands of weekly sessions to go down and you've got 1, 2, 3 this is the 4th weekly session higher and we've made a high of 3 10.75 which is just was it 25 30 something cents above the previous high you want to see this follow through all the way and you want to see a weekly close above 3, 10, 3, 11 I'm going to say above 3, 11 you've got it the right side of the V has to bring out to the upside as if it's like a brand new buy mode rather than a continuation of the pattern from the buy mode before which is this is a peak D I'm calling this E, I'm not even giving it an alternate count E-B just yet I will when that MACD crosses positive in the weekly chart so this is great action but it's not good enough if you want to see the explosive right side V that you often get like here's a V-shaped pattern and you want to just continue higher so so far that's a good sign we'll see sorry I'm sorry you're short I shouldn't laugh but I was talking about it on the right yeah if you are short what you want to see is this there's nothing wrong with being short of that I've got this as a peak C in the daily but you want to see a failure pattern by the end of the day we're down 80 cents not good enough the failure pattern would say if you close if you close below yesterday's open of 308 round number open if you can close today actually even 308 is not good enough for me you'd have to be deeper than that I want you to be in the 307 30 area or lower then I'd say exactly then you've got it it was down 750 this morning you felt good this is one of those cases you take your hands off the wheel to pat yourself on the back that's when you hit the tree so just be careful handle this as if it's in a peak C possibly today and it should still go to a D even though the earnings better it's come back so nicely after this is Sherman Williams SHW trading at 308.68 down $1.05 a little bit better than it was just a moment ago when it was only down 40 cents so just have respect for the strength that it's showing yeah that's all I'm saying I know you know how to handle these trades now I have to go to this yesterday over the weekend I found I just happened to be tidying up a little bit I need to tidy up every once in a while I usually know where things are but it still looks a little bit of a mess but I do know where they are well I found something from January and I was going to show it yesterday at the same time I found something here I'll be back in a moment are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the 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 interact with 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new leg A that's amazing but it could still go F and then it could go to a G the MACD is good the casting's flattening 79% on balance forms of 10 overboard I said yeah take a little bit off I would rather keep a core position because this is look yes there's a potential head and shoulders in the weekly etc but it's in play the steel just suddenly F what is the one we used to have CLF is just fabulous earnings etc I would not get too carried away take a little bit off right here there's nothing negative in this particular other than the on balance volume says be careful could have a bit of a pullback it a bit of a pullback means yes it gives back to today's lows 107 is trading at 103 points higher right now just give it a little room don't I take something off I would not get out of the position if you got in nicely this is a there's a chance that it holds and that it tries to get back into this area right here that ugly candle of the 10th of September of 116 so I'm just saying to you I do understand taking a little bit off right now but I don't think I would scared out so that I have to now bother about getting back in that's what I'm saying so you can even have positions that you want to scan out in but give it a give it a little bit more of a chance alright so I want to go to this Pfizer was the question so what's the question so it turns out that this person emailed me yesterday but over the weekend as I was doing some tidying up and I found a printed copy of a question that this very same person had asked me and I'm going to get to that and I told them I get emailed me to get my question came in came in at the right time but for some reason I didn't see it until later and that turned out I was about to actually start an analysis of that January question not the one that you just sent me so the one that you sent me was please take a look at Pfizer I'm long at $35 and would like to add to the position using your methodology what are the charts saying about Pfizer for an entry I'm planning on this being a long term hold as always thank you for what you do for us Alan so this is what I'm looking at the weekly chart and the monthly chart had such big pullbacks from chapter we pd that it seems to me there's a lot of work and the whole thing with the Pfizer with Moderna with now we've got Johnson Johnson it's starting to be a situation where the best has been done it's not the best is yet to come that's just my thinking so as a long term position whatever fundamental whatever you're looking at I'm not going to either agree or disagree with I'm just saying I don't know I'm just looking at the chart this if this was at 46 somewhere in the in the towards the middle part of this huge rain between 52 and 40 I say oh okay it looks like it wants to head back towards the highs but this particular point I cheated more is kind of a dividend stock a stock that is a great company it's had a huge success going from the 30 to 33 area all the way to 52 and then it's pulled back quite some and with all the news and everything it really should have been up in the 68 72 area so even there it means that the money that's being made is a different kind of money then then when it was projected that would be amazing because we all around the world everybody would take the Pfizer so I'm just going to say to you I like the actions 4333 it's in lakes see it's bumping up against the 50 period moving average if you're a longer term holder what I would say to you and you were looking to add to the position and you're in at 35 and it's had this that means you've had this huge move to the 52's and you've seen it come all the way back and you're still in it it means that you are really prepared to buy and hold in the absolute strongest tradition of a buy and hold and that is you don't really care you believe in the company at some point you think you'll be making all-time highs now all-time highs that's something else again because this is Pfizer goes back generations but absolutely this all-time high I believe should have been an all-time high let me just go back it was at 47 44 back in 1999 so what are we talking about finally three months ago it broke above that it took a little while it's in 1999 to 2021 it took a little while for it to get back there so all I can say is as a buy and hold I don't even change your thinking that's what it is so your question is where should I enter I should have said to you in the 42 area is kind of where I would start a two split part new entry one here and then I would just wait on the other I don't mind putting in higher if it's starting to show absolutely decided weekly higher highs and higher lows but at this point I'm thinking rectangle formation I don't even think there's a rush necessary to get in but right yet 43 29 I'd split a new position into two and my first part of that would be start a position here at 43 28 and then let's give it time I'd like to give it three weeks now I'd like to give it to November the 24th now that's too late November the the week of the 15th the week of the 15th let's see where it is that's I need time I need to see whether the time is going to be beneficial for it to try to get into the 44 45 area where the time just says you know what nothing to see here folks just a sideways action good good company it's just not breaking out it's going to go sideways between 40 and 44 maybe or even 39 but that's what I want to look at so you could do a little nibble here in the 43 26 area I'd probably say I wouldn't even rush necessarily but here is a starter position of it of a split new entry for the longer term but I would even split that up and I'd rather I'd rather have two positions and one could even be higher one could I don't mind if it's at 45 if everything's looking really good looks to me like it's heading towards the 52 high that was made I don't mind but at this particular point as a longer to buy and hold you just want to accumulate positions on major pull backs that's kind of the way these things work and the longer term as a great build up of a position and then someone turns around says wow you've got what X number of shares how do you get something you say no I accumulated them my average price is not what you're looking at my average prices and then you name your average price so that's the way I'm looking at it what I did want to do is to surprise you and look at a stock and the name of the stock is well first let me give you the symbol the symbol is VMC and I almost had it the other day I did a whole bunch of work in this recently and then purely by coincidence I picked up your email from January the 26th of 2021 I have a long position from about 150 and VMC welcome materials I'll be back to go through the story what a beautiful move congratulations Alan I'll be back are you in the market for buying or selling real estate in the bay area including the surrounding St. Petersburg Tampa and Clearwater markets 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 from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market for you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices, target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $1.50 sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment 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 for 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 then hit watch tiger tv that's tfnn.com then hit watch tiger tv Hi folks down to 107 S&P's at 28 I belong position from 130 on vmc vulcan materials it looked like it was breaking out of the 12 year base cup with handle pattern it now appears to be coming back to its most recent breakout price in the 150 area my longer term is in the 230 to 240 range this is based on my 12 year base from top to bottom please do a chat wave analysis analysis on the stock if you get a chance thanks for all you do Alan so let's look at this and what we were looking so this is January right so we're going to go to January so this is a fascinating thing I did I must have been at the time I done some analysis on and I kept it up so this is vulcan materials trading at down $2 at 188 having hit 191.52 Alan's projection was 230 to 240 it's still not there yet so here's the pattern that I often talk about you know I talk about the dreaded H pattern this is the pattern let me just talk about this right here so in the traveling methodology today I'm going to make this a lesson why today's like a lesson just put it down in your book as a lesson today the 26th of October is lesson day in the traveling methodology there's a pattern I call the dreaded H why because it comes down sharply it makes an arch formation at a peak A or B it fails and it takes out the left side low if it holds the low if it goes under but closes above there's a chance it could make a second arch I call this a little lower case H the dreaded H because if it sharply takes out that left side low it's going much further down but at the same time I then say there should be another arch sometimes if it's successful and on this it decisively closes sharply above the arch high which will be very positive it can then make a big arch formation the deep cup formation there's a chance that it can make a second arch and that arch can be very tiresome because it basically in a rectangle formation and my expression is a rectangle formation can last a lot longer than your patients all right well wait look at this we have a question we've got a caller we've got a caller we're going to that but this can be upside down so the lower case H could be a soft you say a Y reverse Y formation and then that Y can make a second look there's your reverse Y like the dreaded H it broke just briefly above and then it came back in and it hasn't taken out that low so this is the upside down dreaded H which is the soft W formation I'm going to continue with this as soon as we done with our caller Mike and Orman Beach Mike how are you that's what I'm doing great and I'm I'm calling in about something similar to what you're talking about I've got like a little box list I'm putting together of stocks that are getting near very low lows one of which is like AT&T and like Boeing I'm looking for stocks that I can get at a very low low and possibly hold for a much longer term so I was wondering are there any any ones on your radar that you could share with us that that might be approaching very you know very low lows that might be a good longer term hold okay so what I'll do is this I'm going to first of all talk about telephone and then I'm going to talk about MJ which we had fantastic success with a lately not such great success because I make tight stops MJ is the MJ alternate harvest ETF cannabis at some at some point the whole aspect of the financing for the cannabis area is going to be sort of resolved so that the Fed at least the banking part of it is resolved there but the whole idea of the legal side to the legal side that also has to be done so long the term I think MJ alternate harvest is going to be spectacular but I don't know if you want to wait through the there's a legal side there's a whole bunch of things but if you look at telephone the reason why I've avoided these I keep talking about them in terms of in terms of dividend stocks that have the potential to give you capital gain and I keep saying you know the whole area of this telecom situation is AT&T look at Verizon Verizon and a fantastic move going all the way to the 62 area now it's now it's at 52 having 50 the other day so I want a sector that has the potential to be a longer term move to the upside so that you can have capital gain as well as a dividend that's kind of in the sort of ballpark of what you're talking about so I've been building up the list and I think on Saturday for my overview section I had a couple of stocks that sort of fitted this area stocks and I love stocks actually some were on the upside they were making new highs how do you get into them so what I'm going to suggest is over the next week or so I'm going to throw out a couple of ideas but telephone is also in an area that is it is so difficult because of the aspect of telecom the fact is I'm looking at another couple of weeks or so I'm finally going to be able to say hey I don't need to have Comcast and Verizon I don't need backups all the time I've got something that's proved to be secure I'm going to choose one I might even go my daughter has a service she pays a quarter of what I'm paying and she gets everything and so there are ways of doing this and that makes me very nervous about the telecom area so what I'm going to say is you've got to be careful look at that move I mean look at that sharp move down in because all of these companies have other things they have the area area of media so it's very difficult and the competition with people cutting the cord more and more people are going to do that so I'm just going to say to you let's look at areas for instance I had the multinational oils and I can we did have an axon and then we got out of it and I just said to subscribers for a dividend stock I can't have something that plummets 12 or 13 percent when I'm trying to get a 4 or 5 percent dividend so now they look fantastic these multinational oils so I'm just going to say to you the idea is fantastic but at the same time the risk you've got I don't mind having patients but I do not want to see a stock like an AT&T you're getting because it looks great because it's down so much at 25 you know if this thing drops to 17 that's an 8 point to clients over 30 but you've lost everything that you would have gained so I'm just saying I prefer to see something like this start to make higher highs and higher lows to give me a little bit of comfort and I know where the cushion is I don't know if that helps you yeah and that's all the way I trade I look for some kind of sign of strength before I usually you know get in yes and I always use tight stops so that's not an issue with me but you know like I said I'm just kind of putting a watch list together of stocks that are really you know beaten up really bad to have the potential possibly being longer term holds so Mike why don't you with your list this today is what today is Tuesday let's do this maybe Thursday or Friday give me some of your list and let's look at them together okay awesome and Basil is always I always appreciate all the things you've taught us throughout the years because it's just added more and more knowledge to my trading and help to make me a better trader so thanks again for all the education my pleasure and the good repertoire allows you a variety of options thank you very much for calling Mike we'll be back folks we're going to finish up welcome BMC because this is an interesting stuff I'll be back now is after the 101 S&P's 29 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 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 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 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 TFNN.com educating investors the Tiger 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 Tiger First mortgage the Tiger First mortgage program may be just the program for you the Tiger First mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of TFNN.com so we're looking at the materials BMC it does crushed stone sand gravel asphalt concrete let's see it's at a pp, a double top almost a triple top in the monthly chart and look at this beautiful inverted dreaded H going to a lowercase M but except it's upside down so it's the soft U going to a W and it's got the same number of bars everything about it looks really good and what did I do I had all this notated and then purely by chance I found the email from January from Alan and he was talking about BMC when it did 193 he's looking for 220 and Alan if you still got it I bet I surprised you today and it's going to peak A, B, C, D remember peak A right there the little A, B underneath that always every peak gets counted C, D, E and a double tops it goes underneath that the high today is 191.52 it needs to get to 193.97 to start a leg C in the monthly chart and it's fading but look the magnies got stochastic to it I think this is great if you're talking about infrastructure this is infrastructure so I love this and I think you're a target because earlier B in the monthly chart in the 220s is absolutely correct so we were looking just a moment ago we were looking at with Mike and Orman Beach we were looking at longer term yes you want them at low hours but in the longer term perspective if you can identify something that is structurally structurally within the format of the economic vernacular that you're in at this particular moment Vulcan is it if it pulls back nicely to the 180 it's at 189 right now if it goes to 186 to 183 I want to have another look at that because that'll be the cup with the handle formation and then we might have another move to the upside so I hope that helps you and also I hope you're still holding this on the top of the base that you're talking about but I think you're talking about upside projections of what you think that tomorrow would be as the emcee of this week's interesting pathway analysis study chart I'll be back tomorrow and I'll be back in a couple of weeks and I hope that you stay tuned stay tuned see you