 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. One Basil Chapman, let me just show you this one minute and ten minute chart series right here. There was a sudden move to the upside, kind of a news related pop. I think it's going to be a pop and a drop because normally under every single circumstance that we've seen for years and years and years, when it's FedSpeak Day, if the market is sharply low by the time it gets to within 45 minutes to an hour of FedSpeak, the market seems to come back to wait for the Fed or if it's much higher, the Fed will come down a little bit waiting, the market will come down waiting for FedSpeak. So I suspect that the 39.72.25 high that was made just a couple of minutes ago is in the category of some kind of top-ish action. I'm not saying major crash, I'm saying the one minute chart suggests that it could pull back 39.60, it's a 39.67 right now, 39.65 will be the containment area, that's really important and I suspect that has popped your leg E in the 10-minute chart and will become a peak E and then it will start a digestive phase. Alright, let's get that out the way. Basil Chapman here, Tiger Technicians Hour, this is in fact the Wednesday edition, let me just get this dollar INDU, the Wednesday edition of the Tiger Technicians Hour and what we're looking at is 120-minute chart in the down made a peak D a couple of days ago, it was at 32,219, we've had three days of consolidation, you know my rule of 1-3-6-1, we have one bar of consolidation and then it moves to a higher high like it did back in around about the 22nd or so of June and then we're immediately to a sharply higher next to a high. That's great, three bars says yeah that's that's also very good, when it gets to six bars or more you really have to restart the whole buy signal or in this in the downside it's a sell signal and in this particular way it's looking right now I suspect that we've got three days by the end of the day we should see here's something what is Powell going to do we know that Powell is very constructive in his own way of thinking you might disagree but I see it as being very is different to many of the other family I've been listening to the Fed for I mean Vox before the Volcker days and you don't always know what's going on you just in fact the Greenspan it was like you had to have some kind of a interpreter to just understand the points that he was trying to make let alone understand what he was going to do so I know all that he did is kept throwing money out the window as Bernanke they've all done that yelling but now what we're looking at is within the context of markets we've had seven months of of a sell low highs and low lows mostly certainly in the key indices I spoke about that as being if you had to put it into the category of recession so many sectors virtually all the sectors even the financials have been in recessions they've had more than two quarters of earnings so we're just waiting for the conglomerate to announce that that recession is is underway we know that in many regards but what really is did you know people always say when you whenever you express the opinion things are different this time people roll their eyes say yeah yeah yeah it's always different yes it is different we haven't had 40 years of the inflation that we've had we haven't had the Fed stop their pushing money out the window for this amount of time and this is the first year was almost a year that the Fed has actually said that they're going to stop just printing money as they had of course they still printing money but things are different is the first time we've had jobs at the lowest level in 50 60 years at the same time as the market is very very poor and within that context when you look at it look at the doubt of the month we go a couple of days to go then we wrap up the month when you go from 36,952 to 29,653 so that's 7,000 7,000 points that's nothing just needs that 7,000 points 20% correction yet under all the news that's been floated for months not just weeks but months you would expect from the news I'm just talking about the news we would be down at the 27,000 level we could still get there I'm not saying I'm just saying up until this moment don't you think that this is actually pretty good action when the negativity is being the most intense since back in the financial crisis days of course this is nothing like the financial crisis in many ways it's very different the outcome could be the same in the end I don't think so I think that we have we've ameliorated a lot of the negativity even now look the gals given back some of the gains have went all the way to 31,949 I'd say 31,900 is going to be strong resistance and until we can get into the 32,100 to try to tackle leg D above 32,219 that's it's going to be a kind of a toss-up the bias right now even though it's not a fantastic picture this it's bullish in the daily chart the weekly chart is yes the stochastic is at 32% in improving but that's low the mag D hasn't yet crossed positive it's a minus 2.65 it's improving the histograms improving the 0% line is so close to turning positive maybe by Thursday it will maybe Friday we'll see and we're holding the chap wait inside track propellant zone so a lot of these things on a short term basis are very positive looking out there's so much work to be done now I'm going to run these through because I had so many questions I need to go go through them very carefully so let's just say for the Dow up 117 31,879 it's the close today that is going to be important I couldn't care what happens in you care but it's not as important in today as it is at the close so what are we looking at we're looking at if the Dow is holding above a 90 a plus 90 after 230 and then sauce to improve we could have a very nice close if it starts to pull back and all of a sudden we go negative we got like a minus 50 oh that just says you're gonna have to struggle for a while before you get to that leg D all right let's run these quickly and then I'm gonna go to all the other stuff that I need to talk about I have set aside the time Larry is still not well I just white lightning out to Larry I mean I'm getting so many emails and and messages and even in the tiger YouTube and the den so many people are saying just we are best wishes to Larry for a speedy recovery we're all wishing that okay does the S&P's are 44 and 3965 if by Friday the weekly chart manages to get to 34 I'm asking for a lot 3403 that'll be the first time that the 40 period moving average has been closed above since the collapse the big move up on the eighth of April the April the eighth where it hit 4593 it's at 3965 right now is it's hit it a couple of times it refuses to close above it what a beautiful indicator you got a lot of stuff this to gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project this to gold just completed their feasibility study resulting in a seven million ounce gold reserve this to gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction this to gold trades on the NYSE American and TSX under the ticker symbol VGC this to gold executing a strategy to create shareholder value 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 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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 TFNN has launched the Tigers Zen 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 Tigers Den available to all Tigers and Tigris is for just $1 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 I'm Ron Baselchap and here it does have 122 S&Ps of 48 and I'm gonna just get to the questions as they come because that's what I wanted to do today question came in as STNG what was the question itself I'll tell you right now the question was I wasn't so was a statement oh oh let me go back to the very beginning here with it with the question start off he said with the question start off yeah Basel my friend what are your thoughts on STING produced a product it's a product tanker if you held would you take some off thank you so Piki's asked about this very often and Piki you know I was we were in a New York last week in Manhattan and what I've normally done over the years is when I actually am in town and I have free time and I'm not just with the grandkids etc. I usually try to make time to meet with people I subscribers or TFNN listeners who live in New York this time I said to my wife I promised ourselves we're just gonna take a break for ourselves we don't really want to do anything to mess up the whole COVID issue and let's just do that some other time when we're coming to New York and we will all get together have a have a little meeting of Tigers in either Manhattan or Brooklyn so the question is STNG it is really strong it's in legs see in the dating chart Scorpio tankers I think this is oil it's got a beautiful you shape pattern I actually redo this but I remember this was you had asked about it some time ago I said I like it and then I pull back sharp and then it went right back up again it's got a beautiful left side right side price time action how do I do that I go like this I try to find that what I think would be the fulcrum at the bottom for the left side which you call the quarrel the half of the semicircle and then we want to draw the right side of the semicircle but if it looks to me like it's just too difficult then I tend to just grab either a peak or a particular candle and from that level I go left side right side price time match in this particular case I'm going to that high of the peak in the monthly chart I'm making that green and what I do is I draw it I had this all done a long time ago I guess I lost it because I had to shut down without saving at some point and then it goes back to a different thing so it's one ball early and it's gone above the left side high of the January of 2020 at 48 40.45 it's slumped down to the sevens I think it was was it 8.28 in October of 2020 ran up to a beautiful rally I'm in 24.67 what a nice percentage again then it comes back in the arch formation holds the left side high left side low with a higher high and then from 11.02 it screens in one move in leg C to a higher high today it's at 40.85 it's above that left side half January 2020 into leg C in the day I love in the monthly chart they I'm calling this a leg E in the monthly just to continue the notation because the man keys so very strong but the daddy started a brand new buy mode and this is in leg C so I like it very much I would not take off anything at this particular point what I would do instead of taking it off at 40.25 because I think you can go to for the 41s and then you've got to be a little careful my suspicion is the best strategy right now yes you could take a little bit of his money management because it's in a fantastic rally but at the same time why not you know what I'm going to suggest take it a little bit off at 40.25 right now just part of money management even though it's leg C and then the amount that you would normally take off take off a little bit and then the rest have a stop today's low 39.77 have a low have 39.25 so you're just giving up a point and have that as a trading stop and the reason is you can get a little bit more and and this way done money management and you've done preparation for a potential leg D because in the chat way methodology once you get from a buy signal to a buy mode with the MACD strong the 9 period way over the 14 the stochastic flatter 94 percent tell you the truth I don't know if I'd even want to take anything off right now but I think money management just says manage the trades that you're in command of it so that means just a little bit off so that's that that was the first question I'm going to the next question and that is Basil Zipos your view on Qualcomm earnings tonight. OK so I've loved Qualcomm for a while now haven't actually got it as a trade in fact what we've done is instead because it's part of the QQQs we are along the QQQ so that way it covered a bunch of other things that I was wanting to be long I like it is that a peak C is this is the third day of consolidation the MACD is strong stochastics at 87 percent very good the relative strength is good not great it's good at about 58 percent maybe 61 percent the 9 period is way over the 14 the price is way over the 200 period moving average of 146 I like it very much now all I can say is if the earnings come out and they disappointing there's nothing you can do about that because that is part that is part of market analysis the technical so far really good the weekly chart has a down channel it's one of my favorite patterns where you get a whole series of low how does the price know to hold perfectly for weeks on end much one two three four five six that about nine times out of 14 has it held this tremendous support line I'm going to make it pink and then the next one is the chaff we inside track propellant zone we'll put it over there it held that it used it as a propellant zone and then it powered through this little channel resistance and the nine and the 14 and the 200 period moving averages wait a minute 200 do I not have a 200 year on the weekly whatever this is a powered and now for the first week and the week is still young even though it's Wednesday there's an L which means that the nine is crossed over in the weekly chart above the 14 and it's in a leg B I don't know how the market will respond to Qualcomm's earnings telecommunications hardware I guess they also have software but it's broken above a parallel channel resistance level it made a peak C1 C2 I don't want to go into that right now maybe tomorrow maybe Friday I'll talk about peak C1 C2 double tile do it now sometimes just as a fractional miss instead of going to the previous high just underneath it it turns around and fails and then I do a measured measurement and I say if this if these two if you if you compare these two vertical lines you'll see that the technicals were fabulous here but on the retest back in January of 2022 February for week of February the fourth at 192.10 just underneath the all-time high of 193.58 within a point and a half unbelievable it start to fail that says they can count that is a peak C1 C2 and if you're wrong it's okay because you got yourself a warning to say I might be waiting for a D that D might not come but I'm so close because you can see there was a little hiccup in the MACD nine-period differential there was a beautiful pop in the on balance volume but the stochastic which to me is the most important thing here was trading 180% that's it you can count that it should have been in the chapter because the logic has a peak C2 and then it went back so now we're working this trend so if you want to take advantage of this sector now is the time to subscribe 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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 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 I'm gonna take a moment to discuss the questioner says about your view on Q-com earnings tonight I have a substantial position I would say to you I it looks to me that this is a survivor the Q-com Qualcomm Inc. telecommunications hardware I trading 162 46 up 2.48 up at 1.67% I would suggest you're holding it because I think that I would do a little bit like I did with Piki earlier on I said is that a fabulous move just money management says to me take it 152 44 with the risk of earnings tonight saying that it could drop to 146 the 200 period exponential moving average and then try to find some support to start moving higher that's one thing if it spikes higher and it actually takes out in a gap above 156 66 to go to leg D I'd probably be talking about the same thing so let me just do it this way number one is I would love I never even mentioned options what I would do right now is I would buy an option or some options call options and take a little bit off and then the one says that's okay because if it drops you've already taken money off and you'll lose money on the options but you know what your risk is there and if it spirals higher yes you've taken a little bit off but you will definitely gain quite a bit with the options I don't want to make it complicated you obviously you've had this for a long time if there is a sharp pullback it's had just the last week alone has had a move from 140 to the 156 area that's 16 points that's that's like a 10% gain I would be prepared to get give up a 10% gain if the monthly chart continues to improve and the weekly chart improves because that's just saying that hey I don't want to mess my position up it's a I don't want to be responsible for what you've done all the hard work for when I'm just going to make a bloop statement like that my normal statement would be and I'm gonna stick with that is money management says with earnings coming up I wouldn't want to change positions because by Friday it could be even just a little bit higher and yeah you are taking a whole bunch off how do you get that back in when it's moving higher you're gonna have to pay for a higher price if it's lower you can do that but I have to say what's the worst case the worst case is that you don't do anything right now and it drops 15 points towards the the 146 or more six points six points to the 146 level but the way it's acted something is going right in that company to have done so well since the low round about the 26 or so of June I don't want to really mess with that I'm just going to do the one I would do normally I would say to you hey if you're asking me the question there's a chance that you are a little bit a little bit nervous about the potential for something adverse going on therefore why not take a little bit off here at 150 to 21 reassess by Friday we'll look at it again if it's pullback sharply and it's under 146 that's not so great if it's holding above 146 and pullback but holding above we can consider maybe putting that back but I don't want to mess with your position you've been here through all the I don't know when you say substantial position I don't know if it's just recently but let me just scroll down here to see if you've added anything to it mmm like the day yeah yeah I yeah I'm just I'm that's what I would suggest take something off and for the rally sharply that's fantastic at later at age you can actually put that back again I would rather have you have a little bit extra cash right now in case it does pullback and in case it holds already well going to the beginning of August and you say hey I think this is going to try to climb to the 168 172 level where there's a lot of resistance that's kind of the way I'm looking at it I don't want to mess with your you you got into that position beautifully I don't want to mess with that position I do want to be money talk about money management and that just says if you ask the question take a little bit off to make yourself comfortable a question could I post CF yeah CF is CF industries holdings hydrogen nitrogen products I did it yesterday I liked it I still like it in 9165 in fact I had it for subscribers we didn't do anything I just had it down as a stock that I like it's there one of the one of the ones that we're looking maybe to get in I don't mind actually paying up for this because it's had a big move from 113 down to the 7980 area and it's way above all the different moving averages I like it but I'd like it more as a trade I don't think I would get a big position in this just yet there's a lot of work to be done in the weekly chart for it to say to me hey I've turned the corner it's now making a cup formation at this point it's just starting to intimate to me from the dojo candle high on the April the week of the 15th of 2022 at 113.99 I do like it yes next question is it's improving Duffy says uranium this because the uranium is always on my list CCJ oh I used to have these notated everything oh man so it's a while back since I was looking at the uranium so they were all every one of them I had fully notated daily weekly monthly even 120 minute charts okay that's all I can say cd they made a peak F in the monthly charts pulling back substantially from the 334 highs oh look at this this is very nice that is a lower low so I'm going to call that let me just double check there are so many stocks that have made fractional lows often arch formation and then held that support just beautifully this is one of them I love that little pattern look at that chapter we've inside track propellant zone I think that's lower 2034 2035 one penny higher great ABC this is a leg D so this is CCJ CCJ is the chemical core really that's uranium right A B C leg D with the technicals improving I don't like these to fell under the previous high that was a peak we've had uranium I don't know if we've had a CCJ we've had something you you you you for years we've had a couple of them periodically look at that pullback what a pullback from 28 down to 20 yep that's I mean that's a pretty sharp and now it's back to 25 so it is the cup formation the dreaded H became an arch formation arch formation retest to become beautiful you shape pattern you uranium is looking very good you are looking good so I don't want to do them all other than to say CCJ is acting very well yes it could be a head and shoulders pattern here but so for ABCD even in the weekly chart this is love loves ABCDs and it's going to an F in the in the monthly chart it's looking very good up to you CCJs up 1.99 and 25 11 good good eye good action let's go to the time to buy oh time to buy CCJ oh I thought you were in a duff okay you know what I'm going to suggest the unbalanced volume is not overboard yet I think it can go a little bit higher I'm not happy that it's already in leg D way under the previous E guess what I'm going to say to you it's a 25 14 why don't you do this just start a little this is almost the high of the day I normally wouldn't do this but high 12 and then put in another buy a 20 390 and if you don't get that which what would be over the next few days we'll handle the trade if I would start a little this thing yet 25 14 25 14 I'll give you the plan when we get back tfnn has been your trusted source of analysis for bonds metals stocks commodities and options for years and we are happy to announce that we're bringing that same caliber of analysis for the forex market teddy kek stat has 30 plus years of experience in forex trading commodity risk management forex hedging volatility and so much more teddy releases his weekly tiger forex report every monday morning with elite coverage of all major currency pairs including the dxy euro dollar pound dollar ozzy dollar dollar yen dollars swiss frank and so much more teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of july inaugural members to the tiger forex report will receive 25 percent off the monthly subscription for as long as they're subscribed just use promo code teddy 25 to lock in the ad as savings this offer is good only for the month of july so do not miss your opportunity to save on the tiger forex report tfnn educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david whites 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 day delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david'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 lab u or lab d directions daily smp biotech three times bull and bear etfs visit direction investments dot 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 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 to buy a stock that's already up eight and a half percent in leg d that's always very risky but the way it's acting is really good the way it's pushing away from the 200p moving average because look at that 200p moving average was resistance resistance resistance now it's a propellant because we're moving away from it so that's the reason why i'm saying i would just start just a little position at 25 13 maybe i would go by the low today's 2384 just on the day that's a big move that's without the gap the doji kennel gap and it is in leg d so maybe the best would be say you you spit your even your initial entry point into just a tad at 20 25 12 and then over the next two days 24 30 to 24 would be that would be ideal if it was going to tackle the next gap which is above 25 on the 10th of june and today's highs are really 25 for 29 so it hasn't filled it because the lowest 26 12 so getting to the 26s in leg d my only question you know what i'm going to do i'm going to say look you know if you missed it because it's so good in leg d um and it's fine to be in it just take a little tad at 25 11 and this has see you have on this small position have a 10 stop just initially and then have a trading stop and if the same position just a small position gets to the 20 25 80 level i would raise my stop and just treat it as a trade and the best would be if you have patience to wait for a peak d and have a pullback to the 24 30 23 80 area that's that to me is the best entry point but it might not give you that chance this is a really there's a reason for this breakout and i would not deny the fact that let me see you you you you doing the same thing at 596 leg a leg b peak a peak b leg hasn't even started a leg c u u u at 6.04 high five six days ago today's high 603 probably i'd say to you i'd rather go to this one it's a different kettle of fish or he doesn't have the same price pattern but it's moving it's up 5.5 percent of 31 cents at 593 to me that's just one we've had before for subscribers to my opening course we have some familiarity with it but i'm just saying that's another way to play all right uh basal in the eyes of the chaplain wave the fed owns 100 percent of the market direction and there's no predictions of direction until after 2 30 p.m today no no no i'm not saying that today what i'm saying is we are long the dow we got in a long way we've been along a number of times in the shorter term uh via the diamonds and that's the position we've got and that just says we are bullish right now until we change that so no the fed is the is that is the trigger for a market sharp pullback or a market continuation to the upside it's an interruption at 232 to 230 today but i don't at this particular point i don't think it's changing the trend i think the trend is slightly higher highs and higher lows until there's a really big breakout in the let me just go to the end view until there's a big breakout into the 32 600 that's like 800 points maybe a thousand points higher and then i'm going to say oh now there's a slow build up we're going to get all the different indices improving but we aren't there so i can only go one step at a time and my step right now says we're long we'll stay long we've got stopped see we know exactly what we want to do our positions are looking really good at this particular point the day is young anything can happen and i'm saying the daily chart is still bullish the weekly chart needs a lot of work and you know me i go step by step when the daily gets to maybe a d and the um weekly is now maybe starting a leg c or has a very strong leg b i'll say hey you know what i'm now focusing not on the data anymore i'm going that's how we did the dollar you remember we did the dollar from the daily i had that exact low that was made and then i said i think we're going long and um and then that improved and i said the weekly now is in a buy mode and then the monthly went from a buy signal to a buy mode that's how i do it i could easily say to you the dow projects to 32184 the chosen period moving average that means nothing it's like what i was talking about when i was talking about the timing when kramer had uh tom demarck and very williams on so quickly one after the other um over a series of two or three months i said timing is not good the elves don't like that and look what happened you had a massive sell-off for the following three days when they were talking about but they were right in the end i didn't say that i said timing is the issue the fact that kramer decided that he was so important that he had to bring it up again when he's not a technician although he does some pretty good technical work once in a while uh that was the issue my issue was elves don't like it watch what they do and what they did is they smacked it down so that people couldn't believe these guys then they turned out to be right timing is the issue uh yes thank you so cool someone asked about cool options on apple you know apple i like apple we were going to go long apple we missed it and i above 147 yet it is the 154 i do like apple if we can if apple holds 150 support into friday i think that's going to be a really good sign for the monthly chart um and that's a big deal so call option yes if that's what you're talking about tg next question i had was um where was it where was it oh okay game back here paypal py pl paypal uh peak a peak b i i hate this this is just so frustrating to me i have all of these notators from the beginning of time paypal oh i'm not going to do that now it has died you know i told you i should do a study for um commodity and stocks magazines or stock and commodity magazine february of 2021 it goes to 309.14 it pulls back and then it pulls all the way back to the 240 level and then it goes on in july of 2021 it goes to 310.16 309.14 three three ten a dollar difference in all those my five months six five months six months and it double tops it included pennies unbelievable and then it smashes to the downside and goes to the 60 60 sevenish area and here it is leg a goes to a peak a leg b goes to a peak b and now we're waiting for yes paypal finally is actually doing what it should have been done during a long time i believe it's a very very good company i'm just going from word of mouth from what i hear from a number of people we once owned it oh that means i've lost the notation of when we owned it i can find it yeah because there's finally a beautiful not a cup but a bowl formation when you get a slow move down and then up again as you have in the weekly chart um that's a good sign so yes paypal what is the question time to prepare a buy in paypal recognizing that yesterday was a better time um it's an 84.07 this is what i'm going to suggest this is a little different because now the technicals have for the first time really improved uh since the big top was made in june around about the eighth and it pulled back very sharply from any eightish down to the 60 eightish area that's a big move yes i'm going to suggest you know the risks now you do options and what i would say to you is in the option area it's an 84.08 i would get an in the money 82.50 it is if there's an 82.50 strike i'd get an in the money call while i'm thinking about the rest of the thing and where would the call be would it be in august august the 19th yes i'd get it for august the 19th and then it gives you time to think after today what happens i like the action on a short check are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with david white's powerful trading newsletter david white is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance define the ranges in which stocks trade by understanding these trading ranges david white is able to find a path of least resistance david white's trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to david white's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee take the path of least resistance at 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 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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 seven newsletter today tfnn.com educating investors 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 as well as it is the doubt this particular point okay let me just go back here let me show you something else uh paypal's acting really well i like it and and because i discussed it in terms of maybe taking and buying a call and a strike price low at 82.50 but look paypal in my chapter way of automated support and resistance levels paypal is breaking 83.71 which is the resistance it's going to 84.43 ready today after this you got 88.90 and then 91.94 and then 97 so i like it and there's 71.61 is being key support that it broke under now it's above in the weekly chart and i got nothing in the monthly so that's good we're looking at paypal paypal when we're looking at broadcom no qualcom qualcom it's just right now um look there's nothing in resistance it's broken 148 it's broken 152 it's actually 152 then 157 so it's holding really well so as long as i can keep doing that look this is the um this is called the um the green line here is uh man it's the outer perimeters the herb did it for me anyway it's green it's already good so yeah this is holding very well so let me just do this before we wrap up and i'm going to be doing i am going to be doing larry's hour coming up because a lot of people had asked me if i would go through different currencies and the commodities i didn't finish them up yesterday plus bonds there's a lot to talk about this is before the feds talk so i'll be doing that as well a white light to larry i mean everyone getting tons and tons of of people in the tiger youtube say white light to larry pizzeria we all want him back um best to larry so i'm going to wrap it up right now down to 522 i'll be doing the next i'll do the news oh there it is paypal just broke up it's at 84 96 started plus defer tiger and it's up