 trading investors. The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi everyone, Basil Chapman on this Monday, Monday the 11th of April. This weekend was really interesting because I was able to take the time while I'm preparing for the webinar coming up on Wednesday for subscribers to my opening call. I just went through so many different stocks. I also, what I like to do sometimes is I like to do some just esoteric serendipitous things. I hit the keyboard to see whatever comes up, whatever the letters are for the symbols. I very often I go through the alphabet. A, we already own A is Agilent. B, which is Bond's Group. I mean, who would have thought that Bond's Group would be just plunging from the 48 area down to 36's. C is Citicorp. It's just, it's fascinating. Alright, so Citicorp, I didn't do all the notations because I've done many of the other bank stocks and just went on like that. And most importantly, what I discovered was that there are sectors, and look, this is Citicorp is in the financials. And if you put it together with XLF, which is the S&P Select Financial Spider Fund, which is holding at the 200 period moving average, which is what I'm going to be talking about on Wednesday, just giving you really simple technical tools that you can just put on your program. Everybody has these things on the program. The one thing that some people don't have is the ability to make an arch patent. You don't have to make an arch patent. You can make it like a V, go straight up and straight down and straight down straight up. You know, that's a possibility. There are all ways of overcoming that. But some of the techniques are going to be so, so simple. Look, here's the E-mini, the five minute chart. It makes those the June contract, the IGO ESM 22. Look, here it is. It makes a low at $23.50. So that's $11.50 last night. It makes a low, that's only 11th. $11.50 couldn't have been last night. It was 11th today. It's 11th. Let's see. The 10th. And what happened was it goes to peak A, pulls back, makes an arch formation. What does it do? It tests exactly the left side low. So then it starts another move. This is like a restart. It doesn't mean to say, if it took out by moving 25 cent increments, if it went 25 cents lower, then you could not have called this a restart. It has to be a brand new buy signal. And the arrow, up arrow, I put in afterwards because you have to wait for the confirmation. But I did put it in. And now you've got peak A, a lower A, a lower A, and then finally goes to a leg B above the lowest A. And what's the Chapman Wave methodology? Looking for at least four higher peaks from a buy signal to upgrade to a buy mode that takes you to at least D. So what does it do? It goes to D. And you can see the nine crosses the 14, the MACD is good. Stochastic goes over 20, 80 percent. And then whoops, it slips as it goes to that peak D. And it pulls back sharply. And then what happens is Stochastic gives you a nice reversal to the upside, the on balance volume, the blue line right there holding very well. And it makes this little trough here in the MACD. And then it makes what I was anticipating would be, I call this the camel double hump failure pattern. I'm trying to get away from those nicknames because if you want to get respect in the world, you've got to use real terms. So this is a second arch formation in the M shape pattern. And it goes where? To the 200 peak moving average. Did you have to think of that pink line at all? No. Even that peak D didn't there. But then there was a sudden move up at about 3.30 this morning. And it goes where? Just above the 200 peak moving average to peak E. Then it goes to an F. And then look what happens. The MACD turns down sharply. The Stochastic turns down sharply within five or six bars. And you get a failure pattern at a peak F. And it goes way under the 200 peak moving average. Then it makes a loan. Then I decided I would do this. Now this is when I started looking at it a little later this morning. It already started a little bit of a rally here at about 5.30 or so. So I drew in a green, long, oblong rectangle pattern. And then I clicked and was able to make it the same number of bars to the right side. And it said that somewhere before nine o'clock this morning, there should be a retest of this low, the actual low right here. That's the low of one. Was it again? It was 44.50 round number low. And here it starts to climb and it goes all the way from the Stochastic turning up, on-bounds volume turning up, residual strength turning up, MACD histogram improving and it goes peak A, B, C. It goes to a D. All of a sudden that 200 peak moving average becomes the magnet line. It goes to a very quick E, F and G. Remember, I have a rule of thumb that says if you go very quickly to a C, D, an E or a D, E and F, you got to be careful because it could be a quite a sharp pullback. It doesn't say major sell. It's just a sharp pullback before you go on as its strength again. And it does right at the 200 peak moving average. And my rule of thumb, of course, is watch how the left side technicals match the right side technicals. And what happens? It goes right back. It fails under the previous high of that PG. It makes a little cup formation or a V-shaped formation, double top at the 200 peak moving average. It hasn't been able to close above that look. And then boom, it comes down and it takes out in a little bit shorter timeframe, that right side time, price, time match. And I'll teach you which bars you can use, which candles you can use. And this, it looks like the topic's going to be an exact measured move from left side to the right side or the other way around on the upside. And look what happened. It suddenly failed. And this pink line says that it hasn't crossed positive yet. So don't expect any rally to be sustained until 44, 53 is held for about two or three bars. All right, let's just do this. Let's get into our numbers here. We're looking at the, I spoke about the XLF. Actually, what I'm talking about left side, right side, price, time match. Look how this is, it's so important. Here's my, this is part of what I'm going to be doing right here. So words, action, technicals, shop, that's shop if I heard, funnily enough, I heard Tommy O'Brien, a fabulous show at nine o'clock he does, he puts together the fundamentals with the technicals, has a really good grasp of how to put these things together. And he was talking about Shopify. And here I am, I'm already working on Shopify for my webinar. Why? Because look, it made a high, now let me just, let me get to my, this is too tiny to look at. This is part of my prepared slides. Let's go to Shopify right here. I'm taking a little time because I don't think anything's happening right now on the waterfront. So I thought this is a good opportunity just to show you some of the things that I'll be doing. So look at this. Yes, Shopify. It makes a high at a peak F in the Chapman Wave methodology. Look, all the technicals, the MACD was good. There's that double hump, that right shoulder that said, Oh, be careful. Because if you start to make a high and the technicals fail and the stochastic goes under 80% very quickly, you could start to see a tumble where it goes to 1762.92. I think it was November round about the 22nd or so. Pulls back. And then four, one, two, three, four, five days later or six days later, if I remember correctly, I didn't write this down. Normally, I would write it down, but I was really busy at the time. I believe claim I interviewed the CEO and he was talking about Shopify, they're into everything. Everything's fantastic. Right there. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com. TFNN Educating Investors. What's separating you from the most successful men and women on Wall Street? That's right. Information. 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You have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN Educating Investors at 1-877-927-6648 internationally at 727-873-7618. Hi folks so what I was saying is Shopify and the CEO comes on at about 1600 and hits 1762.92 all-time high just about five days before that. And then what happens is it has a little bit of a tumble it hung around the 200 period moving. I'll be teaching this on Wednesday just showing how many not not once not twice but hundreds of times when a certain moving average becomes important up until then just ignore it. It doesn't matter but you put it on your chart and as it starts to hit but what happened you had your dreaded age pattern lower case age it fails it comes back makes it makes a sine wave of sawtooth wave it goes whoops up and down and it finally breaks down another arch formation tumbles down and makes a low of 510.02 Mr. Round Number by two cents on the 14th of March ready sharp to 780 round number high and then pulls back to 607.29 up four points today. But wait a minute look at the weekly chart 1650.00 in a weekly chart it makes two weeks of exact high round number highs pulls back makes the cup formation and they can see the left side back in July August of last year was very technically very strong stochastic was pulling back a little bit but was strong on balance well I mean was good but everything else was very strong but when it came back and had retested at 1762.92 102.02 points higher it didn't have the veracity it was weak technically and then what happened is it makes the arch formation and pulls back it was actually like an uppercase the iPhone tower straight up straight down and it just tumbled away it's made a chaff Dean the weekly a peak G in the monthly unusual peak G and on the November of 2021 and with the Chapman wave Roman candle I spoke about this and it's plummeted down now it's made a long legged doji candle it's really important within two bars that's in two months it has to see a close and then out of the next three months because we're talking about monthly candles it needs to close above this high so the high that was made at March of 780.00 it needs to in April or March it needs to close above it and then to say it's turning the corner so the technicals can improve two out of the out of the following three months it needs to close above that and that's the rule of thumb that I give and we'll see how that works out meantime back at the ranch if it closes under 510.02 that just says watch out this is a really serious trouble shop shop if I didn't say what it was it's called shop if I ink and it does oh what happened to that are you shop if I ink online store for individuals to use as a platform all right there we go so I'm told by a lot of people I know my son thought was great company just on a purely technical basis that is what they do that's got nothing to do with the finances just what they do all right so here we go let's let's go straight to our story so within the context of where are we in the chat wave methodology and what are we doing in terms of subscribers where are we real in the long term we're long starting from the low of March 23rd 2020 we bought options and within a week or two we went into the diamonds diamonds we've held the core position there we've taken some profits are often in between that we be sure we'll be long be sure be long via the DOG one to one short or whatever it is but we've used it as a trading there the last entry point was I'm just under thirty three thousand in the Dow which is the diamonds we bought and we've got a position there and we've taken two little bits off just in terms of profit taking because it did get to above the 200 people moving average and it did get to a P D D is where other things can happen it can go higher but that's where you lift your foot off the break just to assess exactly what's going on you can hold your position we can take a little bit off but that's where you want within one three six that's my rule of thumb for a consolidation patterns you want to be moving high especially within one bar or two bars that's fantastic action but if it takes longer you're in a consolidation you basically have to wait for a brand new by signal to come in to move it into the next phase of the of the up move for it and that would be implied that it takes up 35,372 now within that context look how important the 200 people moving averages in the day look how many times it's been there look it's been under it it's refused to close under it except for one brief moment but since it broke above on March the 16th it hasn't closed below so if it does close below it is as oh be careful now we probably in this shorter term phrase going to be pulling back and it's just now watch the monthly because you don't want this MACD I'll be teaching about the MACD you don't want this moving average converges diverges like it has before twice already deflected from the nine from this nine period differential the red line and the histogram is improving so that is good support so now what's really important is I don't want to look at the monthly's right now that don't mean anything because dating and weekly obviously will trump the the monthly chart longer term monthly chart they especially the daily chart look at the S&P so what are we looking at in the Dow under 34,200 be careful close in the 34,000 says oh oh a down phase is back in place all right let's go to the S&P S&P actually went much higher above the 200 period moving average it went to a peak D at 4637.30 it's pulled back trough A trough B this is now legs C to the downside it's just put that in Chapman very easy technique all we're doing is just putting in the letters there it is A B and we're in the way on the way down trough legs C now the fact that the S&P is down 0.85% the Dow is only down 0.23% and the QQQ is down 1.5% that kind of divergence says the selectivity of the Dow 30 which is the reason why I love the Dow 30 so much is because the Dow has a different characteristic in that it's only 30 stocks S&P is 500 QQQ is NDX 100 the IWM is really much bigger it is the small caps things something like 2000 stocks so there's a big difference and I do respect that I am not one of those people that says oh what I'm saying is that's the way it is no I say each individual area has to be looked at so as I'm looking at this there are reasons for me based on the monthly charts I don't want to go to them right now based on the monthly charts based on I'm going to do this just if I can do it really quickly I know it isn't the speed that I need right now I just want to be I've got so many I've got so many charts up and windows I just don't want to overdo things and have something stick and then all of a sudden I lose all my data in my trade session because I have to shut it down and those notations get sometimes get lost so because it's not automated every single notation you see is me personally doing it and it doesn't take more than a few moments but yep I do it alright so here we go this is the the triple yield chart I'm so you subscribers on on Saturday when I did my big overview over just about it was over an hour I put this up and then I think I forgot to talk about it but look at this this is the five year of the effort vx cyan colored five year team note yield it's gone to even a higher high today but today's high is I think 20 27 is that 48 let me just check what it is 20 28.22 2.8 22 that's the five year it's over the 14 is over the 30 year and that's having an effect on the market but not the kind of effect that you would expect and I'll talk about that as soon as we reach it so I wanted to talk about that because we are talking about is there any chance we can make hi hi 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 joined the tiger's den trading 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thousands of stocks for Fibonacci formation setups including Gartley's ABC's Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're going to love this new charting software that will even give you a thirty day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com 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 we're back so we're looking at the yields so I had a question about yields could you try to explain I'm really not I'm not an economist in the sense that I can talk to about the yields and fundamentals about yields I can just tell you that yields at this point in the two point or three percent area or four percent area for those of us who are seeing yields up in the fifteen sixteen seventeen percent area and this is you've got to be thinking relatively in the time that we're in right now going from a low of let's go to the thirty year let's go to the thirty year the low that was made somewhere around anywhere around there that would be the thirty would be eleven ninety seven one point one nine seven way back in whatever that was that was twenty twenty it was March of twenty twenty as we made the market lows so go to that yield and you see that we yield now at about two point seven something right that is a big change and it's the change that that frustrates it and really irritates and upsets the market that's the thing it's a you've got to you know it's like looking back and so oh yeah when we used to live on Malra Street in the back bay nineteen seventies we could have bought the entire building for forty seven thousand you can't do that now one one apartment one condo change the condos must be one point five million or something like that this is no way what it's like saying oh I could you know I once did a webinar I know I did a that's right I was here in Boston I was asked for the tea I what was it called the investors something of America I was asked to say every once in a while I get asked to sit in there and I was talking I was talking about all these different things and and a guy comes up to me afterwards he says well first of all asked me about Apple during the show and I spoke about Apple and then he came up afterwards and he said oh you know my wife and I we bought a few thousand shares of Apple our average cost was eight dollars and I'm saying most of them why did you even come to why would you bother coming to something like this of course he was just intrigued by the markets etc but at eight dollars so look back is really important you've got it you've got to talk about the the factors that were in place at the time of the incident or whatever it is you can't go back and and and and have a multitude of time frames and say oh man if I this if I that could have what I should have is just it doesn't work right now this is irritating the market this is upsetting to the market that the yields in leg D in the weekly chart this is the the D is for the 30 year that's the white one which is beyond it now it's not being covered by the blue but it's still above this can you believe the five year Sian right here is being is covering the the tenure and the 30 year so the question is yields what what is deals all about yields is the differential between the cost of borrowing something that's the way I always look at it so if you want to buy a house what the yield is the yield is made up of a profit that's made up of the lender and it can change so that's all we're looking at and really what we are looking at in this particular instance is why would the market tank when in November of 2018 the yield was three three point four five the 30 year was thirty four fifty five that's three point four five five because of the conditions these current conditions so I want to just quickly do that wasn't so quick but I wanted to explain that it is only relative it is the cost of doing business and that's what you're looking at and the fact that the 30 year is underneath the the is it underneath the 10 I don't know if it is under the 10 it's close it's just barely above the tenure it's just saying to you that there is a certain demand in certain sectors that is it there is more demand for the lower price and the lower price says that why should I put my money in 30 years when I can do it for five or 10 all right now the other thing is and that's probably not not just the way I'm looking at it but at the same time I'm sure there are way more sophisticated and more accurate ways of looking at it I'm just saying that's the way I'm looking at it look at the wood the ice is global and triple forest street up today stuck in that range in a beautiful range it looks like a great copper which is pulling back it's still up in the range and this is international market activity global timber and forestry and a global copper so that's saying can't just ignore the things are just so bad everywhere something's going on but look at the housing if you look at the HGX this is the Philadelphia housing index underneath the major support level having a nice session today is at 5.43 at 400.81 but that's what we've got and now now comes to the question that I really wanted to deal with and and I'm going to just close this space to close the workspace there we go save yep always save say say yes to all now the big question is yields because if yields actually start to pull back meaning the TLT is going to rally this is go to my Chapman Chapman wave this is I'll show this but I don't have any techniques that I can give out publicly because this is something that was done for me privately and I the person unfortunately I died and I don't know all the technical details but I gave specific specifics for using the magnine the stochastic to build automated resistance and support levels as well this is 10 minutes this is a daily this is the weekly this is the monthly and that's the hundred and twenty minute chart this is the SMH is trying to form a base at two forty three ninety three trading at two forty three oh oh so it's going to be difficult two forty one of the ten minute anyway so look at the TLT and the big question really and it's a fabulous question when you think with not not this is someone else asked when you think we'll get a turnaround and will it last in the yields well you know markets tend to get bored at a certain point with something so I don't see yet how they can get bored with the yields the TLT still declining and if you look it's broken through all these different support levels one twenty five ninety one twenty six fifty eight that's the daily I don't have anything right now it's already gone below the ten minute chart one twenty four twenty nine and the hundred and twenty minute chart and it's already below that then I get to the monthly one twenty five oh two it's below that hundreds hundred twelve point forty two and that's just saying to me that the yields are probably going to be rising let's go to the TBT see if the resistance levels look the TBT which is the inverse of the TLT twenty a treasury Lehman twenty three treasury bond fund now it's the inverse has broken through all the resistance levels which are now supported twenty two point forty nine and twenty two point seventeen twenty four eighty three is the next resistance in the weekly and twenty three seventy one is the resistance in the daily and the high today is twenty three thirty six so we're getting to a point where it could be resistance between testing the hundred and twenty minute chart but let's look at it in a different way let's look at the slightly different way let's go to the individual and we go to the ten year and you'll see there is a resistance line and I show this in my webinar coming up how you control left side right side price time matches that right to the next ten year I talk about as soon as we reach out 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 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read carefully before investing and 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 for side fund services l l c don't forget you can listen to the FNN live on your mobile device 24 hours per day go to the FNN dot com then hit watch Tiger TV that's the FNN dot com then hit watch Tiger TV so let me just go through this real quick is the weekly T and X is the tenure you can see I chose to make this a midpoint a long time ago and the highs that I was looking at this round about the twenty seven seventy nine that was way back in the early two thousand nineteen and I had a measured move and I got the Chapman wave inside wedge target resistance line this is the green line which said that somewhere between now and January also between the price point of August where I made that the the plum line the fulcrum for the left side right side price time match we should be making some kind of a test of the twenty eight twenty sorry twenty sevens the high so far today's twenty seven eighty and you can see I drew in and I typed in twenty seven seventy nine so it's one penny above that and it's done it in one bar two bars late for the left side right side price time at but in the inside wedge this is exactly the area that we were thought about so these are techniques that just simple techniques that I will be showing and how you can use enough with that now let's get to the nitty gritties of so just for subscribers and it's very interesting because what we've done over the last couple of weeks is that we've been raising cash we've got a pretty high cash position we've got positions in the market that are doing pretty nicely and the most important thing right now is that there are certain stocks that I want to get that have held really well one in particular spoke about on Saturday my in my video overview video and I was going to do it and I thought should I do it today should I do one that held so well in in an area that could in fact take one of our scientific scientific stocks that have a scientific basins for that for their operations and just switch it out and something that also has been in a more a functioning area unfortunately I didn't do today that has really moved up a point but that just tells me that you can't just blindly say that this is this is a market that is everything's going down because not everything is going down there are certain areas that are holding extremely well so with that said a couple of things we want to look at I've got a couple of questions and I'm going to just quickly answer some of them that's what you spoke about a dear DE recently that you had got into it what do you think of it here is it worth is it worth starting a position DE so DE we are we're long from around about the 387 level it hit 437 about two weeks ago it pulled back quite sharply it's holding really nicely look at the nine period exponential moving average above the 14 but this is where you've got to be careful because as I say we are not the stock we are just following the price moving as best we can and so far the last three days after the doji candle thursday nice candle Friday and a good follow through on the upside today my biggest concern is that in a rectangle formation once it breaks out above it it mustn't come back and break underneath the previous high support 400.34 back in May the week of May the 5th May the 14th of 2021 and the last move down went to 401.82 so it's just a barely above it and now it's holding the longer it holds above this rectangle the greater the chances of the rectangle is going to become a springboard for a move even higher it is a leg C in the monthly chart it's got the Chapman wave methodology that I call it's the stock leg formation which could turn into a one to one to the upside I don't even want to get carried away by talking about that because the daily chart's making a cup and even if it's a successful cup it has to fill in the gap from the other day and it has to it has to break well above 437.98 so my answer is I at 421 dollars I don't know if I want you to put your money to work in that area because if it stalls at 437.10 points higher then it might makes the rectangle higher rectangle formation that's going to be tough I'd prefer if you either look at options that's one way to do it and I'd be looking not at March I'd be looking at not at April I'd be looking at something like May not too far not too near not too near but somewhere in May number one number two is I don't know where the deer and company tractors farm equipment there's a chance that they're absolutely in the perfect scenario but there are supply shortages we're looking at the shippers the shippers have they've just started moving nicely over the last couple of days but basically they've stall they're not breaking to new highs so this is telling me that this is the market issue that we're dealing with right now you remember what we said market people say market hates uncertainty yes every day it's uncertainty it hates uncertainty about uncertainty and right now we kind of twice removed we've got rates we've got oil although oil's pulling back but we've got the war at some point is America going to be drawn in deeper than it would like to be there are a lot of things going on and that's the reason why we've raised a lot of cash because I think under these conditions unless you're in the select areas that are working having cash ready to just put to work when you think and you don't have to put it all to work so the answer is deer I like it I like the way it's acting right now if it was $42 think of it as a $42 stuff not $421 that shouldn't change your it shouldn't change anything I'm just talking about money management right now so why? because I think it's going to have resistance in the $435 to $437 if it can get there of course at $421 to $437 $42 to $43 is nice that's a nice little percentage there but I don't know if you want to put your money think about it with you if you're prepared you're like deer I like it on a monthly basis there's a lot that I like about it look the MACD in the weekly chart is fabulous the stochastic's at 87% but it is pulling back a little bit it's holding really well so if you are if you want to get into it right now at $421 I would actually have a stop even though it's kind of a starter position on something that could work even better I'd say under $418 now if you're just in it for the first time you're going to have a bigger stop if it can hold between $416 to $414 just go sideways using that as a base and then have a sudden spike to $431 that's fantastic that's the action you want to see so starting here $421 for the moment let's say $414 is going to be a stop for you you know give it a 3% 4% on that position that's the way I would look at it I do like it I'm just saying that you've got really unusual market conditions that we don't know we just don't know about the ports are they starting to release some of those goods that were just being held for so long is on the track is that an issue are there supplies that are not getting there I don't know and because of that I'm just saying the action is still pretty damn good but I'd be a little careful that's all in how much you put to work okay the next thing I want to look at is within the context of the different patterns that we're looking at is if you look at the XLE and I'm going to talk a lot about the XLE this rectangle, the large rectangle formation that starts to move in a stair step way towards the previous high should technically go to a leg D in a shorter time frame which is already done but even in the core position that you're looking at in this case the daily chart with the height of 18.22 we're at 78.04 I suspect that I'm going to be able to draw in a rectangle formation with a sideways move in the XLE a little bit longer before it finally breaks to the upside so XLE should go to the leg D in the next day or two and that'll be just above from where the little thumb is going to go 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 4.00 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 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information just click the Think or Swim banner on the front page of TFNN.com Yes, I mentioned in the Den corn C-O-R-N is trading really well I made that peak D I made the rectangle formation and now it's in an A-B-C-D it's in a leg E to the upside in the daily leg D in the weekly and leg C only a C in the T-Cream corn fund DBA also mentioned here we are long still long with DBA I love the action but this rectangle formation I can last a lot longer than patients patients unless it's decisively breaks above in this case 2264 was the peak G that was made round about the 15th or the 7th of March and then it pulled back and now it's made a big A with an arch formation another one with an arch formation but today's action broke out so this is actually turns out to be leg B now this could be something completely different because it's already in a leg B in the daily so I'm just going to draw this I always like to say two patterns always fighting in this case the arch with a rectangle so far this is good and look the mag D just crossed positive today in the daily chart that's a big sign and the stochastic still a little bit weaker 71% so they could be room to the upside there's the weekly peak E with a sideways move remember I discussed this before the left side right side match where it held and then it started to move higher but it took its time to break out this is DB Agricultural Fund IYT absolutely I keep you eye on the IYT it's trying to rally today it's at one at 242.30 13 but it's gone straight down from the 276 ish area back in the beginning of the end of March down to the low even today's low of 230 what is it 230 wow 239 that that low is just that's an incredible move straight down what was it 11 sessions so there's a lot to be careful of and we've raised cash because you've got to be careful here but the monthly charts I don't want to look at them right now the monthly charts are saying keep an eye on what happens in the third week of May that's going to be really important have a wonderful rest of the day I'll be back for the Tom O'Brien show at three o'clock and we've got pro wonderful program we've got Larry Pizzavetti