 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 Hi everyone Basil Chapman, this is the Tiger Technicians Hour. Well, this is the 28th of January, Friday, the last day of the week and we're looking at the E-mini down 27 and 42, 80, 890. We're looking at the sideways action. What happens when at the top you'll sometimes get a break to the upside then it goes back into the rectangle then it pulls back. In this case we're going to be watching carefully because it's getting close to the to the base 42, 81. It needs very quickly to get to 43.03 and then 43.10. Once it does that it says phew at least for now the bulk of the selling has taken place and now we can start to move a little higher. That's really important and you can see how important the 200-period moving average is. How many times is it being at the E-mini in the 10-minute chart? So many times and then dropped all the way to the 42.60s and then ran all the way to the 43.36 area and now it's down to 42.93. So we'll be going through all these different things. I needed to do this. I did Tommy Jr's show a moment ago. This is market kickoff and that's nine o'clock till 10 and of course that's the hour but that's not his show. I just took that time. So we're looking at the down down 264. I didn't mean to do that sorry. Let me just go right here. There we go. So there we go. Let's run these numbers. I don't run out of time so I want to do all the numbers. I want to do this as thoroughly as I can. The fourth day after a low that could be with the VIX index making a high and the market very oversold trying to make a low that is a tradable low. That is not just a low that's just a bounce for a couple of days and it fails. This is a tradable low. I wanted to see this fourth session. We are down to 41. Even if we were up to 41 I wanted to see us sharply above even yesterday's candle the high. I want to see us at least moving towards Monday in the 34,000 a thousand points from yet 34,800 because what would that say? That would say oversold in any way you look at it. There needs to be a balance but the market hasn't seen the notice right now. It's just ignoring it and that's really important because what it's saying is that the drag I'll do this in sequence. The S&P so the Dow is down to 70 and 33,890. The S&P so that's down 0.78 percent. The S&P is down 0.53 percent half a percent at minus 21 at 4,304. Same thing here. Look this can't be the 4,300 candle after what could be a very important low at 4,222.62 on Monday the 24th. It's really important. It could mean you know I've got the selling going all the way through to January. Today you should start seeing and right now as we're speaking you should start to see end of the month buying going to the last two sessions of the month. So this is really important. You want to see some kind of buying and it can't just be end of the month buying. I want to see fresh buying. I don't want to see short covering buying. I want to see stocks that have really been decimated start to be very nice things. That'll be very important. We haven't got that yet. So the S&P is down 0.43 percent but look at the QQQ. Dow also 0.43 percent at 339.0. This is called 340. What's very important about this particular candle right now is that there was only one move above the high that was made on the 24th which was 353.98. The next day was an inside bottle of Doja candle. The following session was a really nice move to the upside at 356.88 and then we got that hot and then the Fed came in and smashed the market and then yesterday was really ugly and today starting off ugly but the day is young. Anything can happen because there must be so many people saying I want to start positions. This is ridiculous. I want to start getting something in so that if there is a nice takeoff sometime in the first week of February I want to be there. I don't want to be completely out. That's just maybe the thinking of some people right now. I'm just anticipating but you've got in the Q's a sell mode in the daily a sell mode in the weekly and I'm watching that candle for February in the monthly chart because that could be significant if there is a move anytime in February that even touches 361 that'll be a savior. That'll be a great sideways consolidation. Very important after the huge move that the NDX has had from the the 164.93 low of March of 2020 going all the way to the most recent 408.71. That's a massive move. So now here we go. So let me just see. I want to go to my one minute chart E-mini. Yes, that's the down. I don't want that. I want the ESH22. There we go. Oh, finally broke that rectangle formation. That's what I was I don't know when I was talking about if it was during the update or before. I said this kind of rectangle at the bottom of a move to the downside should see some kind of test of the base and then should try for a move to the break to the upside. We've done that. Now we only down six. This is nice action. I like that. And we've got the Georgia been moving average way up at 43.30. Can it get there? We're 43.12. What we'll see. So we just have to let it play out the way it plays out. So now we're looking at the IWM, the Russell, not the IWM, IWM, the Russell 2000. And what do we see? We see it coming back a little bit. It's only down $1.08 at $190.43. Made a lower low today. You made a low of $188.67. To my eye, these are all so oversold. They are ready for, look, even a bounce that you saw back on the 20th of December came from like two to 11-ish up to the 220 to 26. Even that was a nice percentage bounce. I want to see that. I want to see that today. I don't want us to close horrible because that'll be over the weekend. We'll come in Monday. That'll be very ugly. So it's really important not just to have a bounce, but to have a sustain we've downed down now 198. I want to see it maybe get to a minus 35 at about between two and three o'clock. That'll say, whoa, maybe we can close nicely. That's going to be very important. All right, that's the IWM. Now I need to do this. I'm going to just run these quickly. Gold is down five. It's improving a little bit from the low today, 1780. I said earlier on that I think that the 18 the 1822-ish area to the 1780s is kind of, you can even go 1835. Could be the rectangle formation that gold holds for a little while, but it mustn't go under 1760. Under 1760 says not good at all. Sideways action basically. Just think of gold as at this particular point being kind of interday trading. It's not the big thing that's moving just yet. Silver, SI, so gold is down five and silver is down 15 cents. I trained you 15. Looks the same way. I just stuck in a sideways move. The dollar has been the big winner. I don't know if it's still holding gains. It's got a doji candle at 97.19. This is kind of important because it says to me that we should be a little deep and then we should start to see some kind of a digester phase. And the weekly chart has got this huge base of like a gold formation that usually can have a very powerful move to the outside. Watching the dollar closely. And I just want to do this hydrate copper sharply down and PTC, good point, up 15.55 to 37.11. Just stuck it. 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. 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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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Hi, folks. So what I was saying is that Bitcoin is stuck in this low range. It too is kind of oversold, even the weekly chances. Next week could be a fascinating week. We could get some kind of a bounce and that's going to be important. How it's sustained is really the issue right now. So let me go on to the TLT. And this is really important. The TLT is stuck in the low range, meaning yields are stuck in the higher range. And what I'd say is the normal thing, my normal, might not be other people's normal, but my normal says that when the key equity stocks start to come down sharply, very often throughout the decades, I've watched as money flows from out of the equities, they migrate into the bonds. The so-called, I say so-called safety of bonds, because if you look at a chart, the bonds, there's nothing really safe or it doesn't, they look like charts, even if you look at the chart of the TLT. Look at this. Huge move up into the 17970 March 2020 high, excuse me, from 111 low back in 2019, 1819. And then pulls back very sharply towards the one, what was that, 135-ish area, has a good bounce. But it also has a chart that says, if this is going to be a dreaded age pattern, you could see the yields start to rally as bonds come back. And that's really important. If the TLT trades at any point below 138, oh, those yields will start to break out. And you'll see that here, tnx.x, you'll see that in the tenure. Look at this, made a peak ease. You've got this almost like a, let me just do this, almost like an oval pattern. Probably I should make this like a, there we are. Like a diamond. But anyway, if it starts to break out, look that monthly chart in the tenure yield looks like a leg C wants to go. This almost looks like, what was that one? Oh, it looks like the dollar pattern where it went to the left side resistance area in the monthly chart. And then it broke above it. So all I can say is that if the tnx starts to trade above 1971, let's call it 1980, 1.98, that's a big breakout. So we've got to watch this closely. And the other thing is that on a very short basis, I don't want this to close ugly today, because that'll set up a really lousy month. I want to see us come back very nicely in the market itself. So here we go. So I've done that, done that, done that. I did crude oil. I'm saying crude oil is, you know, I say it's getting toppy only in the sense that in chat wave notation, beginning to a level where this is where you should start to see some kind of resistance, but it's above the 85-65 continuous contract all time high. So the high that was made in October of 2018 sums to 7.61. And we don't have to go to April, the fiasco back in 2020. And then now it's ranging in leg E in the weekly chart. I'm sorry, in the monthly chart, it is also in the weekly, but in the monthly chart, and it's above that 85-65 level. It made a high today of 84. That's three points. I'd say that's not necessarily an exact left-side, right-side match, but it has got the price time, which is very important. So what we're looking at here is crude oil, looking out on a monthly basis says, you know what, crude oil could keep you going high. If you're looking at the DBA, which is the DBA of Agriculture Fund at 20.11, we've been long since 30.77, I believe. And now it's at 20.11. It has hit the 20, the 20.30s. I'm looking at this and saying somehow, some way these commodities are holding up, and that should go towards this whole inflationary aspect. So you can't ignore that. Now, I did say that I would do this, and I'm going to do that right now. Just too many questions coming in. So Amazon. Hey, for Amazon, Amazon is trading down just $2.66 right now at 2789. See this little cluster formation at the bottom here? Wow. That has to change. That has to quickly see a move up into the 20, 900. Actually, it needs to get to 3,000, and it needs to do that by a week from today. It needs to be up in the 2950s and higher. It just must not take out the low of Monday, which was in 2707. But this is a sell mode daily, sell mode weekly. I really have to say, monthly chart, I've got two days to go. I don't want to talk about it until we get there on Monday, but it is looking like I might have to call this an Amazon sell signal in the monthly, one of the few big, big, big stocks that gives a monthly signal like that. Apple. Apple is trading up $165.66. I saved the day here. This is a great leg B because the MACD is still weak. Sycastics only at 24%. 9% is still way under the 14%. And I've got a sell mode in the daily chart. A sell signal in the weekly chart, but not a sell mode yet. I have to wait for the close, but it's hinting that there might be some problems here going into next week. If Apple can't get to 168, maybe touch 170 within the next five trading days, that's going to be a problem. And the monthly chart, like GSASC. Let's go on. We've got, if I can ever remember them, Google is trading up 10 at 2592. What a move from 37 round number high on the 19th of November down to yesterday's low, on the Monday's low, under 2500. 2492. And all it can do is bounce to 2592. This is a sell mode daily, sell mode weekly. And the monthly chart, I could very well turn into a sell signal, but I have to wait for two days to see. So here we are, Amazon, Netflix. Netflix is just absolutely decimated. It made a 700.99. Why didn't it miss the round number 701? I don't know. On the week of the 19th of November, plunges down to Friday's in the 350s. Here it is, 377. It hasn't even been able to have one penny above the gap high of the 21st, which was at 3 at 409.15. That's the level. It has to just touch that once and then close above 400 to say, oh, I'm going to try to touch the 417 level of the 9-period moving average. Hasn't been able to do that. So here I am going through these. So yeah, the question came in CVX. Could you go through some of these oils? CVX made a big deal. That's really what I'm talking about. Why I'm thinking that crude oil could pull back, and not a big deal, because you've still got this whole thing with Russia going on, but it had a leg D. Today's a peak D with a high yesterday of 137. Well now, isn't that interesting? 137. what? Zero, zero, a round number high. Not all the time. I have a round number high. Amazing. And now it's pulling back a little bit. So that's the resistance. If it goes, if it closes above 137, that's a big deal. That's very important. But it's a leg D. Now, peak D, possibly in the day D, a leg D in the weekly, and a leg D in the monthly. This is Chevron. I'm going to do this on a monthly basis to show something very interesting. I had questions. Can you just show some of them? I'll do that tomorrow in my webinar for subscribers, not my webinar, in my video for subscribers in my weekly Saturday or Sunday. It'll be a Saturday overview. This one is going to be going into great detail. I'll talk about different things. I'll even talk about the broker, broker dealer index and the broker stock that we started to have a positioning because I really like the stock, but I need to have a tight stock because this is just such a, such a, such a crazy period. The CVX is in leg D in the monthly chart. Yes, it is an all-time hot. There's nothing further. I'll be back in a moment. That's what you have to do. 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 these sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows. 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For now because the MACD is so strong I'm just giving it a I'm continuing the alphabet A, B, C, D, E, F. I could even go to G and then I have to put G slash C. But in the meantime it's in a leg C in the weekly chart still very positive. That's why I think Crude Oil the whole idea of this Crude Oil as a longer term position for 2022 so far I think that has credence. The other thing we're looking at here is so the natural gas did move up sharply. I we missed it. I tried to get in this morning for subscribers because it did so well yesterday but it just in fact from the time I was typing that I wanted to get in and I had I run it enough I had two people email me say what about natural gas and it was just as I was about to send out my my newsletter but you know a gap is a gap I don't sometimes I'm following a gap I don't mind getting the gap sometimes I'm not interested. This is one of those cases where it would have been just too too big and natural gas has such a whippiness to it that you could get in perfectly have a fantastic gain. I put in raise your stops all the time and then by the end of the day it could be ran it just does that it's just one of those vehicles that's a little difficult to to trade. I'd say some people I'm sure do very well with it but I just found I haven't we haven't traded it very often but it is something that I keep in mind and what I want you to do now is I had a question should I do it now or should it's just a view or maybe I'll just do that for the moment let me move this now to the left there it is okay so I said this is technical Friday and we'll do more of the technical stuff but I'm going to do for my webinar to I keep saying webinars not it is a video tomorrow my overview video because it is it is taped it isn't live my webinars I do live all right let me do this so there are a bunch of stocks let me just go all over the show bear with me because this is giving you a picture of what's going on in the market SDZ fantastic company consolation brands I've discussed this as one of the great companies that just got their product mix and their sales perfect for years for decades they just from 2010 you can go back backer all what you've got is from the time in June of 2010 when the ninth period on the monthly basis crossed positive I decided embarrassing to say this at around about $17 not once did the the nine-period moving average crossed negative until it had gotten to 236.62 SDZ the symbol back in April of 2018 and then you had to still wait until the big red candle of December of 2018 where it crossed negative at 156 had a balance and they made the dreaded age and then plummeted all the way to the March 2020 or 104.28 consolation brands and what I had said is when I found out that they had gotten into the cannabis area I said uh-oh a learning learnings experience coming up they've got everything right but when they get this right this will be the company as the core it used to be what was that British company that we used to look at I think it was taken over but now I think it is consolation brands in just sales that's all I'm talking about of the cannabis area spirits alcohol and cannabis I mean what a mixer so now we're looking at a leg E red candle at an all-time high of peak E which have way over 258.00 just like we saw a moment ago in whatever it was and we're looking at for the 00 all-time high and now what we're looking at is it goes from 258 down to today's of 231 20 points not a big deal 10 10 percentage but that's a pd in the weekly charge so you've got a cell mode in the monthly a cell signal so far in the weekly nothing in the monthly and a monthly chart is still in a really strong a leg E will see if it's going to come up peak E so when I put them to when I'm putting monthly charge of all disparate um sectors that's where I start to get a little concerned saying youth if everyone starts to on the way up we had consolidations where you had buyers come in on the rotation through the weekly sectors and then it would reverse back again where they were done getting ready for the big move up maybe we are starting to see something like this on the downside I hope not so here we have to go to the semiconductor index there's the majors um oh my trading down a gang today five points at 251 made an all-time high of 318 point no 300 and 300 and oh yeah it was 318.82 in the 22nd of November comes back does the double top retest at 318.69 unbelievable just pennies away from that previous high turns around cup formation upside down dreaded age bam goes right through the 200 period moving average and yeah there's another sector I think this is telling us it's a big deal that the semiconductor index is turning down and in the monthly chart that red candle in an f slash he just says I haven't got a signal yet but this is the first time it's just the 14 period the black 14 period moving average since the March lows of 2020 I mean this is serious stuff cell mode daily cell mode weekly nothing yet in the monthly chart and if I can go through someone said could you go through a couple yes advanced micro devices decimated 164 down to 101 60% decline about that uh in monthly chart looks horrible to cell mode daily cell mode weekly I'm real close to a cell signal in the monthly chart uh question about nvidia nvidia nvidia is trading at 216 down three at 216 um it goes from 346.47 with a round number low that day on the 22nd of November of 319 and now it's a 208 I would say 346 to 208 this is not one of the best companies in the world anymore it's having a problem a big problem cell mode daily cell mode weekly oh so much by by Tuesday's close I might have to call this a monthly cell signal that just says you've got to be careful because that's going to impact the qqqs I mean look emu a number of people say could you please look at emu a new low today um it's down leg c at 76 57 down two it was at 98.45 today's 75 I would say 23 points on a 98 dollar stock is a pretty serious blow and that weekly chart um that's something that you can't sneeze and the monthly chart says uh oh and marvell one of the great companies just did everything right for so long made a high of 93 point 85 the eighth of december and right now is trading at 64 I'd say 93 to 64 pretty serious decline cell mode daily cell mode weekly nothing yet in the monthly chart but we want a red handle so um we're coming back a little bit down to 152 or 142 in the down but I'm gonna say seven s we'll be back about this grand thing 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 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investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv hi folks we're back and i wanted to show this show and i'll spend a lot more time tomorrow in when i do my this is a very special overview it's going to be really closer to a webinar than than an overview i've got questions coming in and i'll put them into the into the potpourri of things that we're looking at but here we are with look on the right here in the corner on this black chart with the black background chart i've got the hgx the philadelphia housing index now the rule of thumb that i have is that you can make a dreaded h a lowercase h if it holds the left side low and it starts to rally there's a chance that if it closes above the arch first arch high the dreaded h pattern lowercase h it could make a very big m formation by going towards the previous high and then failing but if it takes out the left side low you've got to at least be aware that in this kind of analysis you could see a one-to-one to the downside and it's trading at 438 i i don't like to do one-to-one to the downside until it actually starts to show it's breaking the base but if we start to trade in the philadelphia housing index hgx under 4 it's at 438 let's just talk about two weeks time maybe three weeks time could be Tuesday but let's just say it starts to hit 418 that says now you've got to be careful for the one-to-one and the h pattern where it reverses to make a full circle to the downside and that it takes you right back to the uh that cluster formation right there back in February of 2021 between uh would that be with a lower 4 of 397 so 400 to 397 i don't want to see that i just don't want to see that because that says the housing sector and we'll look at some of those stocks tomorrow but look at the um 9p moving average holding here in the wood ice shares global timber and forestry edf it's just come straight down but it's held it made the art formation made a second one announced pulling back it's down at 86.21 down 49 cents this is something to keep to heed because if it starts to trade under the 9p let me just make sure i'm doing about the right format uh input oh that's the 50 i knew that there was something different i look it looks so different to everything else the 50 period moving average it hasn't gone under the 50 period moving average since it broke above back in the week of the 10th there's a weekly chart the week of oh my the 10th of july of 2020 it's just been on a tear the wood i i am w o d there's the etf wood the ice shares global ice shares timber and forestry edf so this is a big deal if it starts to take out this key support and have a little lonely uh 50 period moving average but if it takes out 80 83 is supported it's at 86.21 right now that's going to be a big deal now look at the yields 30 year has broken out above the left side high but it hasn't really held uh held the break out but it has held within the context of a very narrow range at 2.0 93 20.93 that's the tyx the tnx the brown one this is the tenure yield at 1.787 17.87 uh has broken out but it has a lower high this week but look at the closeness of the five year at 16.28 1.628 why would people want to choose a 10 when you can get a five why would you want to choose a 30 where it's just a little bit above for the risk uh at 2.0 rather than 1.7 for the 10 well you don't always have the choices depends on what you're getting right the 30 years for the big long-term mortgages etc but 10 years based I mean more on the home loan sorry automobile loans and things like that so this is a big deal watching this closely look at the way the five years this spiraled I should have typed it in from the low off point yeah yeah the week off can I actually get that yep I can the week off the 31st of july of 2020 the yield goes down august the 7th the yield goes down in the vx the five year to 1 1.92 that's 0.192 and I was trading at 1.6 I would say that that's a big deal so I'm just throwing this because I wanted to tell you in the work that I'm doing for tomorrow's webinar I keep saying webinar for tomorrow's video overview I like a webinar because it'd be so detailed but it isn't a webinar because it isn't done live never be taped I'm just saying this is such an important period and today every rally has failed every failure is rallied it's just stuck in this range it's like it's like glue with the midpoint pattern let me just go back yeah look look at that nice move in the e-mini suddenly but it's not a nice move when it's still down three after being all over the show okay what I am looking at here is so Morgan Stanley this is like a top that is in distribution and it does look like the high that was remember I talked about this so many times for the last many months look at this 105.95 was the height of the week of the 1st of october it pulls back under 95 and then rallies in a cup formation and goes back to the high of three weeks ago of what 106.47 106.47 is less than a dollar 50 away from that previous high and like all the patterns are double tops and then when it starts to trade under the cup low in this case with Morgan Stanley starts to trade for a week there's a weekly basis under 93 88 let's call it 93 it's at 99 right now this is just six points high that's a big deal that's going to be very negative that's why this is so important and yeah I could do one of the traditional if you want I could say I could make it a little bit look a little bit like an expanding top so it's really important that any kickoff to the upside on Wednesday of Thursday of next week as we start February you have to have sustainability you just got to get it running and holding the rally all right so what I'm going to say and I really congratulations in your great trading enjoy your nap she's been on me all night I think amazing all right so now what we're looking at is a question came in oh what about China oh a very good question what about China all I can say there's nothing's changed as far as I'm concerned China is not where I want to be not now right now there will be a chance in 2022 with China has a really good rally but right now it's just it's good it's on it's only for the next what week or so we're coming up next week it's it's it's the new year they celebrate for about a week so just watch it it's down right now the fxi that's the big cap or large cap they call it ETF down 35 80 it's down 51 cents coming back in this Eiffel Tower straight up straight down pattern it just doesn't look very good in a monthly chart even looks it's in a sell mode in the monthly there are so many stocks that we are worried about here I don't know why you want to worry about China at this particular point let's try to get our own house in order we'll see what happens in this coming week it's going to be a very important week nice rally now we're up nine and the e-mini whoo let's see how we can deal with this 200 grid moving average the day is young we're only not even an hour and a half into the session you've been all over the show down future without 360 then they're up the down now the down 21 the e-mini's up cool 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 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Petersburg Florida your investment can be anywhere from 100,000 to 500,000 you want to make 1000 per year on 100,000 invested a 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 think or swim for more information just click the think or swim banner on the front page of tfnn.com a couple of things we've got just a couple of minutes here a great program for the rest of the day so a question about Nike someone's looking at Nike saying where can I go yes this this h pattern right at the bottom here it's starting to see a little bit of improvement in the mag d the stochastic as well but the price is not doing it now with the market trying to come back a little bit down only down 64 so he's actually up 16 this is not really responding all that well so I would I would say if you're thinking about what you should you take your profits or hold why not at least for now split the two take something off if you can and then Monday we'll see what we can deal with because if the market goes really strong today a lot of people the weekend are just gonna say you know what I just have to get in I have to start buying and and that way if it does bounce you'll see where it goes to but look even now it's not responding to the market the rally attempt is down 225 that's number one apartments apts don't want to know about stopping in the wrong place apts yeah this is an Eiffel tower turn around you've taken your profits I'd be getting out it's got a p e in the daily chart apts preferred apartment community there are and a p d in the day in the weekly and a leg d in the monthly you know what you can always get back this is not the time to be putting money in right now rather wait next week even if it rallies we'll have a better chance to say what's going on but it looks to me like it's pulling back so make it as simple as you can folks the vixx index today vixx is right now pulling back a little bit there's only up 25 cents and 30.74 if by two o'clock to three o'clock this afternoon you're looking at the vixx which is suddenly down the 29th especially in the low 29th and the downs come back and it's now 55 points and the S&P is up uh say 18 to 22 points we could have a pretty decent I hope they're a decent close today we need it but if in fact it's that opposite happens and the vixx starts to range to the 31 60 area or higher you and the bike that goes down 160 s it's down 18 that's see you on Monday check out my weekly call my big