 The following is a presentation of TFNN The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. I'm Hazel Chapman. This is Tuesday, February the 15th. I hope your Valentine's Day was good. We've got the Dow. We're looking at the Dow, oops, I'm so used to saying Dow. That I've got to actually say up, up 310 points at 34,877, just stopped dead at the, both the 200-period exponential moving average, oops, no, sorry, the 14-period moving average, and the Chevrolet inside track repellent zone, gosh, these two little lines are so powerful. That's one thing. The other is, I've drawn in the arch formation that should go at least to an attempt at a second arch. Let me just change my set. It doesn't shake like that. That it should at least attempt another, I've got it up, but it could be short. It could be big. It could be like that. It could be anything. We don't know. There's a lot going on. So we've got a little bit of some lessening of the tension. In the Russia-Ukraine situation. And that's really led to a bunch of things. Let me just run this first. Up 300 in the Dow. The S&P also had a big futures earlier, a big rally. Now it's pulled back a little bit from the higher 44.67. It's up at 44.51. It's still up 50 points. You know, after the dropping that it had, it's still up 50 points. You know, after the dropping that it had for three days, this is nothing stopped at the nine, not even the 14-period moving average. It needs to go further. I'm suspecting that if we can get through Thursday with the market actually higher than it is right now, then we've got a chance at least to go early into next week. And then I think we've got to start being really careful. That's the point where I suspect that I'll start to look at either the short of one of the indexes, just going more to the short side for that move down that I'm anticipating goes into the end of Feb, maybe the beginning of March. I'm not sure yet because we haven't even seen how this is going to unfold whether or not today's rally is going to hold. Every rally so far, if you either shorted it for the last three days or actually gone through the deceptive side, you would have been better off. So we'll see the day is young. And actually, let me just show you this for the moment, the synchronicity of, look, the left side move in the two-minute e-mini chart, S&P, from the low that was made at about 5.20 this morning. And that low was at about 4,440. Actually, it was 4,439.50. When peak A, peak B, peak C, peak D, it pulled back and the MACD pulled back and the stochastic, but the 9 held above the 14. And then boom, it goes to peak E with a silent doji candle previously than a high and the high turns out to be, was that the 4,468.50 level? No, 4,468.00 round number. And then it pulls back and look what it does in almost the equal amount of time. It has my pivot point, or I like to call it the plumb line, the midpoint, almost the equal number of bars on the left side to the number of bars on the right side. It comes down, it's just about 5, 6 bars late and it takes out that low and it does a retest of, that is a 200-period exponential moving average support, hugs it, hugs it, hugs it and then goes down below it and it goes to what? 4,439.00. Exactly the same. Then it tries to rally and it comes back and makes an arch formation, comes back and retests at what? 4,438.75. Just a fraction lower, goes up to peak A, peak B, comes back and now I'll ask you how important is the 200-period exponential moving average? Look, since this is a 2-minute chart, since 8.58 this morning to exactly where we are now, an hour and 20 minutes or so above that, we're right sitting on the 200-period, I mentioned this why? Because wait a minute, don't you see something similar? Hey, wait a minute, look at this, the Dow, look at the 200-period moving average, how important it is. Look where we were last then, let me just scroll to the left. Look at that, you didn't need the 200-period moving average, you talked to people about 200-period moving average any time in the March, April, period, December, all the way from the November, what was that, was it November 9, October the 30th of 2020, that's the low, and we did a retest from the low of November of the 200-period moving average. So how important is it? For me, it is part of my huge Sears & Robots toolbox of technical tools, and I'm saying this is important, the fact that we went under it, now we're struggling to go above it, is really important. That's in my work, and here we are, we bounced above it. Look at the pink, when the green 9-period moving average went under the 14, back on the doji candle recovery high after the 48, 18.62, 4th of January, all-time high, pulls back to 45, 80, 224, and then it bounces where to? It bounces to 4748.83, peak A- because the dreaded H pattern took out the left side low. Remember that channel inside track support level became a repellent zone, and we plummeted down to the 42, 22.62 low of the 24th of January, and then we ran up and then we started to stall where? Right at the channel inside track, repellent zone. So that makes us 200-period moving average, that makes the art formation, that makes this attempt at a second art formation imperative, because if there is a slide from here, you're only going to get the one dreaded H pattern, and we could tumble if the Fed says something tomorrow that this market doesn't like. 4,300, the low of the 28th of January, that was actually 4,292, but that area becomes a target. That gets taken out, it's really bad. So it's really important right now that somehow, some way, we find some kind of support that just says that the rectangle formation that I drawn in some time ago becomes the rectangle that it trades in and frustrates the bulls and the bears long enough to usurp a tremendous amount of energy. So if and when we have that final big thrust to the downside, I don't see a three-year correction here. I see basically two months go into the third month, January the 4th is a high, I see this going into March. At this particular point, I'm not at all dismissing the fact that this inflationary perspective we have must change back to the 1970s. Some of us remember that very well. In fact, it was fantastic trading the many recessions and the big rallies, you just get out of your position and they get right fully back in on the day as you think is a low, and then you get out. It just, I think, was like three months and three months and just kept doing it. And it's a tradable thing, but you don't go to new highs. It takes a long time. Okay, so with that said, I'm going to go to the QQQ and I'll say exactly the same thing except that this arch formation is way weaker. So Selmode in the deity of the QQQs, Selmode in the Chapman Methodology in the weekly chart. Monthly chart, look at this, candle. Talk about candles, Roman candle. I wanted to show you this. Where was it? Oh, CRM, look at this. A Roman candle, Chapman Roman candle, right there last month. The rule of thumb is that this wick can take out the midpoint of the wick in the shorter term for a certain period. Be careful. You can take out the left side, look. It's exactly the same as Selmode. So we'll talk about the candle in the monthly chart and Roman candle in the S&P. 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. 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Call now, toll free at 1-877-927-6648 internationally at 727-873-7618 Hi folks, so I just wanted to show you something, all technical analysis that's what I do in my show all the time and Friday is technical Friday in the Chapman Wave methodology but let me just show you, I drew this in as a rectangle formation saying other than this aberration to the upside, this is the area that you've got to see and quite quickly now from this moment that we're talking, it's at 447 in the E-mini within the next, I'd say five minutes without taking out 4443 or you wanted to see a quick move to the 4453, 5253 area and that will say hey, now we can start to climb towards the 4460 level and we'll see what happens just that's that rectangle formation also a lot longer than your patients when it looks like it's going to break out it just doesn't but the fact that we've had market action above that and quite substantially all the way to the 4460s says this is end play alright, let's get back to our nitty gritties and what we're looking at here is I was talking about the S&P S&P is at 54 right now coming back a little bit from the entry day high you're looking at the QQQ, 1, 2, 3 oh, sorry, I wanted to show you this as well before I do anything else look, here's the QQQ how important is the 200P moving edge I don't have to go all the way back it's important, not only did it go under but it kept trying to go back above then on yesterday on Monday we went under it, closed the fraction under it, now we're trying to go above the further away from the 200P moving average the price that you're following the tradeable can go the greater the chance that it'll move up towards a resistance level and this particular case would be 40 what is that 14P moving average right there taking a little time today for 44.83 up towards a 44.83 level and that's just the data the actual look of the pattern says that this is a huge consolidation the longer that we can use SERP energy the greater the chances are when the next really, I don't mean just kind of hint of bad news but when the real bad news comes in maybe it's another week or so perhaps early March the big test will be how does the S&P and how does the Dow how does the QQQ and the X100 how do they all treat the left side low of the 24th of January that's really the big issue my suspicion right now a lot is going to depend on whether there's enough energy to move further up and the QQQ is only at 5.58 right now look at this doji candle it just cannot, oops yesterday let me just move that away, I don't want to block it this should be in that area right there there it is so a little gap up now you've got the 9-period moving average of 354.70 to treat 356.77 is the 14-period moving average so a lot to do can I do it, we'll see and I'm saying let's go through all the way to Thursday afternoon and in my show on Friday we'll be talking about these patterns we've discussed given back a big chunk of the game but it's still up 250 it's kind of lagging it has shown signs periodically that money could go into it but I need a lot more evidence to say that you actually want to put a buy in at this particular point not in this particular phase let's go to the estimators of course there was a takeover Intel took over an Israeli company nice big move up 7.33 horrible action I mean I've got the larger arch I don't even want to divide into the Valentine's Day Valentine's Day heart by going down and then back up for the M shape pattern the second half of the heart this is just one pattern and it says wow there are a lot of problems in the semiconductor area my suspicion is that's going to translate into great difficulty the estimators to get up into the 290s before they retest the 260s there are 272 right now there's just a lot to talk about and it's not acting very well at this particular point now I want to go to gold gold is down 17 at 1852 remember I liked it when I did Tom's show yesterday I was saying for me I've always considered gold yes it has another aspect silver and silver everything's in tune that can give you fantastic moves up in the gold index I don't like it when gold is treated as a commodity of fear that's the old tradition I'm talking about 100 years 200 300 years ago where you carry little bits of gold I know family members late family members that survived because they had gold in their shoes and they could pay off on their way out of whatever country it was that they were fleeing so that's different but that's the mentality for the geopolitical scene and that's what we were seeing look at that scream up that really took it from 1820 area whoosh to the upside look at crude oil whoosh to the upside and then all of a sudden one day we've got one of the biggest moves day is young 95 and 91.11 down 437 and still nothing it's not even at fridays alone so what I'm looking at here is the chances are that crude is going to be in play for quite some time as long as there's conflict in that whole area of the geopolitical economic side of gas and I'd just for now like to do the natural gas picture yep I thought it would rally a little bit if crude came down because often they move in counter work but this is also the season where natural gas kind of fizzles it might have a bounce but this is where you start to look and say this must be culminating and it's funny that in this particular season this winter season natural gas hasn't been able to hold in the 560 area the 550 was the highest and now and then it pulled back all the way under 4 and here it is at 426 did have a bit of a spike so I'm watching this very closely now let's go back because I got onto this I didn't finish silver this is what we were talking about yesterday both in my show when I did Tom's show at 3 that the 200 period exponential moving average I don't want to too much time on this but I wanted to say that look how often the 200 period moving average silver for the past since it broke down on the 19th of July 2021 at 2512 it is look how that was the magnet of the 200 period moving average was test test test test whoops break that was testing support now test resistance break trying to get it to peak deep break and since then it's touched it being up above for about a week and a half always failing it cannot last there for more than about 2 weeks or so and this is the same thing 200 period moving average how important is the 200 period exponential moving average I'm not going to say you just look at the chart and it tell you so that's all I'm saying when it starts to trade in 2455 area and holding I'll say goodbye 200 period moving average for now let's see what happens all right that's that now we want to do what haven't I covered oh I gotta do this a TLT so let's go to the TBT the inverse right now this was a peak D it didn't make a new high above 1998 that was made yesterday oh did I finish it correctly yep 1998 I'm 11 and look what happened the TLT went to a lower low it's gone to the leg D to the downside it was at an alternate C and now it's going to the D and it's right from this area this area right now as we speaking from 135 as we go into Thursday honey I'm not counting tomorrow I'm counting Thursday 10 TLT have a bounce to the 139s 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 other Tigers and Tigers as they share trading ideas news analysis and discuss the market action all trading 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my ragged work piece stocks on sale this morning please thoughts, thanks yeah, but this is as I understand it from just spreading reading what you say I think you're a longer trader so what I'm going to say is the action in Exxon at that high that was made in the 82 round about the 82-64 level I suspect is really a peak D in my work it has none of the characteristics of a peak C at this particular point because it's just a little too long to go sideways to the downside so I think this is in a digestive phase if it's an alternative of that chapwave unconvention or flat-based restart and that's really pushing it right now it says that it could at some point over a period of three to four weeks come back to test 70 that's the way I'm looking at it I'm talking about technical analysis but if you look at CVX CVX and I've been talking about this pattern in the market remember I like to say the market gives you patterns you've got to recognize them pre-conception over the period of months and say hey you know what I'm going to be looking for double top patterns it's kind of in the background but it's not my thinking oh wait a minute how many have I seen going back to within a dollar sometimes within pennies of the exact previous high either it's months it could be years it could even be days but those double tops have been potent turnaround moments in the market just hundreds of charts that I've looked at so look at this yes CVX 139.43 is the high of the 7th of February pulls back then it goes for three days the fourth day what does it do it goes to what 139.44 for a leg F which becomes a peak F and now we've gone one to one to the downside and that's just saying be careful because there could be profit taking plus this step back by you know I've watched I don't study him but I've kind of watched him peripherally for long enough to know that he has a methodology his methodology is to get as far as he can while saying something completely different me like a little boy in school we used to do this when we were in school with slapper hands like this and hold our neck and then look around at the person behind us and the teacher would look up and say whoever it was behind John out the class and that's exactly what Putin does he's a faker he just understands so well the mentality of people that he's dealing with so what he does he steps as far as he can and then he makes like he's backing away and what does he back away to it's like the market he backs away to where it was two three days ago so I'm saying to you just keep in mind that there's a game being played that's one area the other area is the Fed I'm going to just go for the tangent again but that's the way I like to do it look at the TLT look at the bonds oh I have to do this chart I'll do this and as I'm doing this chart I look for other questions that pertain to this to what I'm talking about Paul says what did he say he said yeah you ain't kidding the days yeah they're cooking the books setting it up for a big fall that's something I think for all of us back in the mind but I think you have to deal with what you've got and look what we've got here this is the 30 year treasury bond yield almost above last week's high in fact let me just be careful that I'm doing the right thing 2237 22 22 no calm is 23 53 and 2353 we've just matched last week's high in the yield if we now if we pull back you have to pull back a full week to get a peak B but if there's one tick above this high you've extended leg B it takes you all of next week to actually call it a peak B and look at the 40 look at the sorry look at the 10 year treasury bond treasury note yield the TNX and look at the 5 year look they're almost I wouldn't say they're overlapping but they are so close they haven't been this close oh that I just I can't even go back far enough they haven't been this close maybe in November of 2018 but this is just telling you that yields are something that so number one we've got the conflict that's affecting internationally but really is affecting the crude oil and the whole area of I would even say commodities to a certain extent the other areas yields and the other area of course is the inflationary aspect remember yields and inflation don't necessarily go together although we've often seen them go together like in the 1970s but they don't necessarily have to go in the certain don't have to go in the same percentage move but the direction here so we've got to be careful and look would the ice is global timber and forestry here is still holding really well it's up $1.42 today and $92.35 the all-time I was 98.98% you came back it's now right now 8% also lower and look even the Philadelphia housing index is holding well it slipped under its rectangle support and now it's trying to come back in so all I can say is I don't want to get carried away I don't want to have these thoughts of the oh my god or we're going over a cliff to toot beep beep road runner stuff I'm just saying this is the way I'm looking at it yields are within a cup formation if they break out and start to go to the I'm saying 25 it's really 2.5 but that's how they measure it right here it's up 41 at 23.42 2.342 if this breaks out and in February we start to see 25.25 2.5 2.5 then I think we've got to look to see what are the areas in the market that benefit from an inflationary period and what are the many areas they don't and we're looking at I don't want to get into that's fundamental the wages etc wages are going up and jobs they are paying for jobs now let me tell you this is something we haven't seen for a long time we've finally got wage increases that people wanted for 3-4 years it never happened it's happening now let me just check on this one second here this is the E-mini click click okay so where are we yep we stuck in that rectangle then we made leg C and that's what I was saying this is the move that has to go step step high doesn't have to be a big move I'd prefer not to have a sudden swoop to the upside that gets taken down rather just a steady move we're at 44.55 right now 45 44.52 it hit 44.55 now no big deal but just moving away I don't want to see everything given up that's the most important thing now let's see we've got so folks for my subscribers it's 10 40 right now 38 we've got two minutes to go will we get that particular position that I said to get but before 10 40 this morning otherwise we're just going to have to let it go we'll see alright I've got that I'm putting that away alright let's get back to our story so now a couple of questions have come in so the answer is for Exxon in the bigger picture the way I'm looking at it is I really think this is a peak peak going to be in play in Exxon in the weekly chart look at the XLE I have the same thing here a leg C maybe a peak C was sweet I could have used that phantom peak I didn't have phantom peak right there I just didn't need to so I think we've got a bit of a pullback but oil and energy is in play so I don't disagree with what you're doing my pricing might be a little different but I don't disagree so 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 before 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 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 $37.50 sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee TFNN educating investors is the room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com 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 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 don't forget you can listen to TFNN live on your mobile device 24 hours per day go to and hit watch tiger TV that's TFNN.com and hit watch tiger TV came up first of all when someone wants to see rub locks corporation getting platform RBLX 6777 down 53 cents it's stuck so many these charts I always do this I just do it but we will at some point I think we will take a position in ARKK I still want to do it yet and that was a wonderful chart folks if you ever have a chance to get up early and you're able to look at Tommy Brian's market kickoff show he really covers some technical and fundamental work in a terrific way so he was showing I'm showing ARKK also stuck in this is ARK innovation ETF but he showed the Apple chart and that Buffett has actually caught up over a bit over years a certain number of years to her fantastic gains and huge losses and now because Buffett is such a huge portion of his empire in Apple and I haven't got the chart you know oh I have I think I don't think can I get rid of it let's see did I get rid of that click I guess I did that's a pity that was that was a keeper but I needed the space so basically what it said was that right now Buffett's portfolio is actually doing better than hers so long term positions that's what I was saying to the baseball in the in the Tiger TV your position in the X on CVX in that particular area I like I like the idea I like the fact that you are you've got the bigger perspective and that's your trading the way you're trading you're not changing your trading for the shorter term you're just keeping your position good so the other thing is that I had a question was yeah it has earnings and Roblox has earnings I don't know when I think it was this week and we'll see what happens maybe it just shoots up some of these have to hold you know stock that I liked I need to talk about this sorry I've got a bunch of things and questions lined up but I have to talk about so snap was going to be one that I wanted to buy today I've just left this is I needed to think a little bit more about I did this a little bit quickly the other day and I said oh my goodness this is going to chapter me volume price climax reversal with a huge gap down on the on the on the third yeah on the third of February a huge island reversal plunges down to the 20 under 25 and was trading just a day before that in the 3435 area so then when I did had a chance to go back and look at it the volume price climax has to be the day of the massive move down on horrible news to it usually a yearly low or a monthly low just a major load that it hasn't seen in a long time and then it has to reverse back up it doesn't have to have island reversal but within two days it's going to have the big reversal to the upside and there's a massive except the volume came on the the next day that earnings or something and then it went shooting up and gapped up but he won the biggest island reversals not that you've seen there plenty others but a big island reversal and it's holding really well that just says to me snap is more in play than many of the other tech stocks that don't have what they came up with whatever it was that was so positive in the earnings etc and that makes it in play but I decided that I didn't want to be risky there I wanted to buy a particular situation only if it met our conditions and if it didn't which it hasn't because we're not in it and I saw us to pull back we've got time I mean no rush now to do any buying unless it's very select areas we have a particular area that is being absolutely inundated with lower lows and lower highs and much lower lows and they much lower high and we were in it as I took two positions that we split as a starter position and I don't know if that's going to work but it's in an area that we all of a sudden we're hearing a political talk that says it could be favorable to this particular sector we'll see now the other thing I want to end the other is that we are in the potential for recovery in the socioeconomic and socializing and eating our aspect of COVID as it fades away as all pandemics eventually just fade away they break into various formats and each one gets more vicious in the attack but very quick and much more lasting and then they just it fizzles out so it'll be there as a product of our health care COVID there are serious consequences of people that have had it and have had some heart issues but I'm just saying in terms of the pandemic that's changing and we'll see so snap doesn't quite fit that particular situation I just want to go back to our short term only because I want it missed by a day my rule of thumb is it has to be that day that big sharp pullback it was the next day so I didn't see that until too late and my rule of thumb is that if you have that reversal you can go 28 sessions above that low and not even get close to it but you could go sideways but you don't get close to it and if you hold even well through the 28 days you can double that to 56 days so I don't know I just said myself you know it's taking too long to break out about 41 97 taking three days it still hasn't done it so maybe we'll just wait be patient it's not an area that I need to jump into alright so let's get back to our story and I wanted to do this right here this is the e-mini there it is so what's the chapter methodology I didn't have a chance to do it I always do that people know me do that I go from the left side I draw the cup I try to find a place that says in this timeframe you can't get an equal left side right side price time match but you could get a nice move usually I choose some kind of a smaller doji candle I would have done this chosen that candle right there that's this little tiny doji candle right there right there and then I would say okay now I can go left side to the right side making green and you don't have to do all this fancy stuff because I'm doing this to demonstrate you can just do it visually you could just print it out and just do a piece of paper you can just say wait a minute this is the number of bars so it'll be the number of bars that gets to the high that was made on 46 60 1.25 and we are what's this year 64 6460 so now we've got anywhere at 4 6461.25 there it is live this is like a like a little like a like a live webinar we've got your intraday webinar there it is as your leg dean chaffwave methodology we're always looking for D's you can go to EF and G but D is your buy mode minimum minimum target so here we are boom achieved it I like this action very much I want you to see the give back go back in the cup formation towards that left side high if it goes even higher there could be a burst of energy I'm not sure about the clothes because they're still going to be nervous about tomorrow with the fed but it could be a burst of energy that takes it quite a bit higher okay so now what do we got we've got questions come in I wrote some of them down will I be able to get to them okay so tro we spoke about that it was in my newsletter as something to watch and that maybe we could use it as something like if you have an IRA and you sort of put money in that goes with the market this is something that you can do you could go to the spy the diamonds accused but this is one this is T wrote price actively managed funds appropriate then I just took it off for this and say you know what this is in its own world this is acting a lot more like the Nasdaq than anything else and and then I decided when I was looking at it that actively managed funds are probably seeing a huge slowdown and stocks like a Schwab are getting the benefit Schwab is not digesting big gains but maybe that's what we'll see because the IAA I 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program for you the best rate on a 5-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per a $100,000 invested the target first mortgage program pays 7% per year paid monthly on secured high-value billable properties in St. Petersburg, Florida paying 7% per year or $7,000 per a $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 do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured target first mortgage the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 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 Hi folks so just let me go through a couple of things the fixed index this is really important the fixed index is down huge it's down at $25.88 so the way I look at it the fact that there's been 32.04 was the high yesterday and really the news the de facto news wasn't anywhere close to what it is when it's the real news that is the rumor news and that's just telling me that there is a chance that this count if we can get through tomorrow with a Fed that this counter trend bounce could actually last a little longer it makes me kind of upset that today I didn't get into the one long position that I usually have been getting into but that's okay because we've got others that are actually so far working out quite nicely so I'm not complaining we are in the market the position we have in the the spy volume and that's holding very well that here is if by three o'clock the Dow has gone it's at 445 if the Dow can hold above 433 o'clock it's really 320 to 340 eastern time before the hour before the close that if anyone's getting worried about what the Fed's going to do they have to raise rates at some point but if the market gets worried or if there's other bad news that's going to be key but if the Dow is able and the S&P are able to hold at the levels I'll give you the S&P right now up at 4469 almost the high of the day if it's able to hold above 4452 that's good if it pulls back and gives back the 67 point gain and it's now in the up 36 or less that's really not good because then we have to go through tomorrow which could be quite shaky but I like the fact that the Patronability Act is being in the rectangle position and we are going now trying for the second part just think of it that way the general market is still in the bear phase but this is a counter trend rally the bear phase meeting and the trend is down and we're waiting to see how this will just result see you soon to come Larry with the rental coming up wonderful shows coming up Larry