 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 internationally at 727-445-1044. Now, Basil Chapman. I have a bunch of questions that have come in, really important questions. I'd like to deal with them, but I have a webinar coming up a week from yesterday. That is the 19th of November, 5 o'clock to 6.30. Discussing, I keep getting asked, could you spend a little time going through in a little more detail some of the techniques that you use so often. Some of us haven't got your CD introducing the Chathamway methodology. We know that you've gone all through these things for over a decade here. And you've refined some of them. Could you just discuss them? Well, of course, an hour and a half is not even close to the amount of time. I used to do three days in a row talking about these Chathamway techniques. But I've refined it to the point where I think I can nail exactly what's pertinent for this particular phase of the market technically. Look, I said to subscribers, we can't get too carried away about the downside yet, even though everything says that there should be some kind of a pullback, a breather, I've called it. Look, the MACD, the Moving Average Convergence Divergence, look, since it crossed positive right here, I always circle it just to show you exactly what's going on. The green line, the nine-period differential, fast moving averages way above the red one to go from there to negative, you would have to have a very sharp, you'd have to pierce this trend line resistance of 27,310. Not a big deal, it's only 170 points, but you'd have to pierce there. Actually, I'm sure it would have to be even more. You'd have to go down below the 27,156 where the nine-period exponential moving averages, that's a 14-period, the black moving average right there, 27,156, 27,262 is the nine-period exponential moving average, and it's also the trend line support. You'd have to really come down sharply and need speed or it needs lower lows and lower highs a series of time and price matches that really slowly get the nine-period differential, that's the histogram, the distance between the two moving averages to decrease, and for the stochastic which is flat and steady at 91% to start plummeting below 80%. So that's number one, it's going to apply to all the other indices. Look at the weekly, the weekly is just turned positive, this could be a temporary thing, but it is good that for about three weeks now the nine-period moving average is above the 26, the slow moving average, it's good that at 82%, not great, it's unlikely to have an 88% to 92% in the stochastic, it's at 82%, that's good. And remember what I said about this V shape going to a W in the on-balance volume as a clue to say, don't get too carried away to the short side just yet because there might have to be another rally towards the highs in the on-balance volume, this blue line right here, especially with a W formation. So all in all, what we're looking at is there has to be a bad news event, I'll just do this for one second, I think this is it right here. Is it? No, it's not. That's another combination that I use. Oh boy, am I going to find that is this one here? Nope, not that one either. Oh boy, I don't want to always start. So I'll find it was right here, but I did a couple of things that were slightly different. No, I'm not going to find it in the moment that I need. So what I wanted to show you is a little clearer picture of the nine period and the 14 period moving averages, doesn't matter. What I am looking at is this second rally, since the low that was made at 25,339 in August has this at leg B, I could call it F slash B. Just for now, I'm going to call it B. I don't see any reason why I need to have an alternate count. Everything is good. I do expect that there will be a bit of a pullback. Now, this is going to be the most important thing. We've got a time, but not a price match in the monthly chart. So this is not technical Friday, but since I won't be your Friday, I'm going to treat today and tomorrow as technical Friday. It is just so important where we are right now. We've seen that some stocks have come out with earnings and have just screened, rocketed to the upside. Other stocks have come out with almost the same type of earnings, but the interpretation of the comments are different. And you would expect instead of a big rally, they have like a 50% to 20% decline. And this is the market we're in right now. If you're right, you are really right. And if you're wrong, you're really wrong. And I'm going to discuss that in a short while as well. But I wanted to say that there's been an 11 month correction in time from the high of January of 2018 and down 26,616 to the low of 21,712 in December of 2018, 11 months to October, going in to the first day of November where we actually went, was that the first or second day of trading? We went to all-time highs. And that is exactly, if you're looking at this right here, you'll see that that matches the time sequence, not the price, because the price has gone to higher highs and higher lows, except for that one smash in December. So right now we're in the Chapman Wave inside track of the monthly chart. That makes this really important. And it makes it important because the MACD is still negative, hasn't turned positive. Wow, if this thing turns positive and expands, this market is getting straight to 28,800. But until that happens, you could have a bumpy ride and a lot of choppiness sideways in taking a breather after such a big move that we've had just in even the past five days. So the stochastic is very strong at 90%. It's surprising that it took until now for the doubt to actually break into all-time highs. Nothing wrong with this chart. I'm just saying time says that there's a moment just to be a little bit cautious because all the goals have been met and we've finally gotten to leg D. Why do I say leg D as so important? Why? Because in Chapman Wave methodology, from the lowest, most obvious low bar, you want to start counting higher peaks to alphabetize them, ABCD, EFG. D, the fourth highest peak is where other things can happen. We've seen how many times that has occurred. And I'm only looking at straight line down or up. Arch formations, cup formations, and a combo. Okay. Now, how does that fit into what we're looking at? Look at the weekly chart. Look at these cup formations. How important it is. And look at the way the techniques are different each time, and yet we've stalled just within that 27,300 to 27,500 area. Okay? So this is a very important moment. The other thing is that within the context of time, you've got an exact match in the short term to this week right now that's unfolding in the weekly chart between the high of July at 27,398. The high of, I always forget to put the date in. I think it was September. Yeah, September the 13th. Week of the September the 13th, 27,306. And right now where we are with a high yesterday of 27,560. Okay. I like to look at time matches because at those time matches, sometimes you can get a reverse of trend. That's all we're looking at. Chances of that occurring. And we'll see what happens. This is a weekly chart. Have to wait for Friday. So the S&P, it got to a new high. But wait a minute. This is a leg B. There's another way I can count a leg B in the monthly. That is really positive. Doesn't mean right this very minute. It's really positive. It means in the monthly longer term chart, because you should still have a peak B. That's a month. Then at least a leg C. That's a month. That's a month at least. Then a peak C. That's another month. Then a leg D. That's another month. That takes you into... If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. 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Details on The Tiger's Den are on the front page of TFNN.com TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in 6 months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating investors. The Tiger's Den and the Dow is down 42 and it was down sharper before it came back. Now it's down 41 and it's digesting those big gains. S&P's down 480. Now this is going to be important to see we've taken the bank D is still flat at the highs. The price is way above the 9-period moving average and I had a question come in to say okay so negative trade talks and the Chapel Wave is predicting a pullback with still no significant pullback today. He's just telling us the market is extremely strong so stay long. So you know I think subscribers know that my bias has been only on the long side. We have had some short positions but they are the indexes are mostly the Dow and I'm really quick to get out or stay in or whatever it is. I'm just treating them as trades at this particular point. One of the reasons being we only have long positions because there are so many stocks that are trying to form some kind of a base and I'm trying to find areas that are that are holding very well after having come down sharply and looked like they're ready to at least have nothing nothing more at this point than a counter trend balance that could become something bigger but I only want to go one step at a time. And if I'm looking at the S&P right now key support would be it's at 3069. Key support is in the 3030s just a plethora of bad news that comes in as it's testing the 3030s it says yeah okay so then you can go to maybe the 3020s or give back five days of gains and test the low that was made on the 31st of October at 3023. So I want to go one step at a time to say I'm waiting for the technicals to show that the deterioration in the technicals allows for an even deeper correction. So the answer is in the very long term I've been saying I'm anticipating that we've still got to have a major move up because the whole public the general public has to historically it'll be the most unusual thing I think in history that we've ever seen where markets at all-time highs major, major highs that they haven't seen even dreamt of and yet nobody's even talking about the market and yes I still think this is what I call the Coder phase an elongated Coder phase like a Beethoven Coder remember I don't want to talk about that now but along the term so these cells that I get are shorter term and what I've said is there's a particular way we want to play the short side right now and I don't want to put too much money to work I just want to do it as inexpensively with the best risk reward that I can and at this particular point right at the moment I am going to start looking at shorts but very selective shorts so the answer is I wouldn't get overly negative and certainly this is just we haven't even seen more than just one and a half percent or so pull back two percent from the top at this point it can go another three or four percent to the downside and then we've got to see a lot of people have missed out on the big rallies a lot of people got in over the last few days because just about everywhere you looked people were saying, analysts were saying oh this is fantastic now we're getting much higher that's why I think we informed some kind of a breather okay got that out the way let me show you something else in the QQQ this is the first down day we just made an all-time high yesterday of 200.55 and the Magdi stochastic are fantastic in the dating the weekly charts are very good and the monthly chart has crossed positive and it's only in leg C in the monthly chart of the QQQ the NDX100 really that disappeared to 1, 2, 3 the QQQ I keep typing in him but it's not coming up have I just messed up something yeah I think I have there it is so in the QQQ sorry I wanted to say in the IWM which is lagging badly that says it's gotten to the top you remember the rectangle formation that I said a rectangle can last a lot longer than your patients have a look at this in the IWM the Russell 2000 from the early the February rally into the March high we've just been stuck in a range of 160 on the upside and 143 ish on the downside and haven't broken it yet even now as we speaking is struggling to break out so sell-offs have been very well limited and rallies in the IWM have been very well limited and as soon as it breaks out into the 162, 163 area wow that's something completely different so don't get too carried away don't get overly negative just yet and be very selective if you do number one is if you're looking at the different the commodity move well gold is still stuck in the range look at the weekly chart this weekly chart has been stuck between the 1520 and the 1480 ish area stuck and if you look at silver I'm just expanding this now it's back it touched in fact the rectangle formation that I said is key support as a base level alright in the daily the weekly chart shows you actually I'm going to move this up for now I did this before as a worst case basis but basically what we're looking at is that you've got just under 17 as key support and just over 18.50 as the resistance is just stuck that's in the dating the weekly have a look at the I want you to show you the XLK XLK is the S&P select tax sector going to a leg E pulling back a little bit Magdi's stochastic are very strong holding very nicely there's the daily oops that's an E and it's a D in the weekly chart and here in the weekly chart the technicals are pretty good not great but they're good and all it's done is it's gone to higher highs and higher lows in this beautiful up channel right here hasn't yet got to the resistance which would be around about 87 it's at 8475 hey wait a minute what about the SMHs SMHs gave a doji candle yesterday 134.02 in the daily leg E slash B in the weekly I'm watching this very closely only leg C in the monthly so this is saying to me there's another good reason why there could be some breather over here because even the SMHs has led the way up all time highs is starting to pull back and it looks like it wants to digest these big gains so I think I've done a chunk of that I want to just show you the TLT having a balance off the lower low that was made yesterday which didn't take out the 136.54 low of the 13th of September 136.54 and yesterday's low was 136.73 let me type that in so we've got apples to apples 136.73 and it's just balancing a little bit but it says to me that the bonds are stuck in the range they haven't broken to the upside but they haven't broken to the downside and the TLT once it gets to 135.20 or lower says uh oh that left side H pattern the dreaded H I've gone under it now comes a really important price movement up or down all right now the next thing we want to look at is do you still see leg D up in TLT yes the TLT I believe will make a new leg to the upside about 148.90 at least this is the way I'm looking at it right now I don't see why I should change that view goes from 143 in July of 2016 down to 111 and that was I think it was December of November of last year screens up in August of this year goes to 148.90 now it's digested again I think yes the TLT is going to go to a higher high at some point and we'll be back in a moment because now there's a lot of other stuff that's coming in Basil Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter the opening call which will be taking place Tuesday November 19th from 5 to 6 30pm eastern time titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020 this is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basil's live subscriber event taking place later this month with some stock picks up 15 to 30% this year alone Basil will review many of the Chapman wave techniques that helped in their success as well as providing the sectors and stocks that he thinks will be of importance heading into 2020 for all the details check out the opening call on the front page of tfnn.com the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything David has been delivering solid recommendations for 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that will even give you a 30 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com let's go straight to market for colors mark how are you how are you I'm well thank you you would like to look at AK steel AKS so do you have a position through the dismal earnings pullback actually got out and I'm looking at a possible re-entry let me know what your thoughts are okay so AK steel trading at 260 down 15 one of the stocks we keep on our list for my traders corner my opening call segment and it went all the way to a peak D and then it pulled back because of earnings and it dropped really sharply hit a trend line support I saw this it was one of those you know in my newsletter I have a segment that I call these are the stocks that are giving me certain signals that I call screamers they are low price stocks single digits and they have this knack of having a single leg up and it looks like it's impossible for them to keep going because they're going to have a pullback and they don't but they keep going so this was in that kind of segment but I saw that now for this particular phase it would got to be real choppy so I took it off the list I'm kind of pleased in a way because it's really tough just unless you do it the way you're doing it you get in you know exactly that there's a leg D whatever it is you get out or a leg E and you just get out but it's a little difficult when it's this choppy and a sideways trading range in the weekly to say oh this is a keeper I think this is a trader so AKS steel trading down 5.8% right now says to me if it takes out and I think it will the 14 period moving average the daily 14 period moving average and closes under 258 there's a good chance that it's going to try to test the uptrend support line that held before and that would be at about depends where it is because it's rising but somewhere around $2.42 however my weekly chart says this time because of the move that we're seeing today after it's almost like it fell and then people say but wait a minute it wasn't that bad and then ran up and then I said but maybe it is that bad so when it goes into this phase it says yo-yo pattern traded like a yo-yo pattern exactly the way you're doing it so here's my recommendation the next time you get interested in it if it actually pulls back underneath 250 58 256 that that support level it says something's a little different this time and you got to give it a little extra time then give me a call and let's look at it together if you see a trading anywhere in the 245 to 243 area because that's the level that should hold if at that point it pulls back and the MACD is now turned down in an M shape formation because stochastic never confirmed yesterday's rally then I'm going to say just leave alone let's get back to it in the in the very low two twos and let's see what happens if I'm wrong and all of a sudden tomorrow for some reason is trading at 268 or maybe 267 something in that mid to 60 area that's going to be a little different but at this particular point I think this move is done and needs a little bit of time so hold off those are the levels to watch 258 256 and support goes under it you just have to wait you have to step back and then if it goes to the 248 area that is still going to be something that needs to be monitored because the technicals and the dating will be weakening if the weekly technicals are still holding quite well that's different so I'm just saying congratulations you did the move you got out I think that there was good good good planning in your part maybe other one little surprise you didn't expect but you handle it well have patience I think you have a good hey did you call me the other day on LTS I did and never there's a buyout so that's kind of why it was had popped up some good I wonder what it was because it's trading down four cents of 256 off the spectacular move from under two to over 280 went to 279 fantastic move but now it looks like it's going to have a bit of a rest hey nice nice work I like what you're doing and I like the fact that you're not afraid to get out and you're not afraid to say hey way there could be one more little pop up and then I can get my profits there you've traded it very well keep in touch and congratulations Mark do you have time to look at one more sure EGLE it's kind of in the same industry as DSX which we own or I own still and I'm wondering it looks like it's in a rectangle formation and it's tested this 421 to 423 area yeah I looked at this a while back because this goes back even further this is EGLE bulk shipping my only concern about it was the steepness of the rise in the monthly MACD I've seen this picture before where the MACD is rising and rising and the price is coming down and that's a very complicated technical aspect and I kind of avoided it and one of the reasons is you see the move today in fact you should have stayed more in the rectangle above 436 now it's at 423 I'd avoid this particular one there are others in the bulk shipping that are actually holding much better so just this one be careful oh I wouldn't know how to play this at $4.23 you know you could treat it as an option and say you know what if everything's good it can have a good percentage gain a 15 to 20% gain but it goes after 15 to 20% lost no this one I tell you why I'd be careful because if it's down and it goes under 42 I would even say 42 it's at 42.23 if it goes underneath $4.23 right now if it goes under $4.16 I think it's kind of done for a while it's lost it's lost its impetus to the upside completely so I'd be careful two times ago when it tested 421 it was 2.4 million last time it tested it was 680,000 so like a quarter in the volume and then today it's testing that level with about half the last one so it's yeah I never looked at it that way I see it I saw the volume spike on the 22nd of October at 421 2.4 million but this one is not so obvious yeah I still I'd be just be a little careful you could be 100% right but boy if you're 100% wrong this was not coming back quickly if it does break those levels that's my thinking yeah okay good call thank you thank you very much so folks I wanted to I had a question in the Dan if I would look at gosh if I can go back to find it I'll talk maybe tomorrow I'll talk more about leg why I'm saying leg D in the Dow but it's definitely leg C in the S&P in the Q's why I haven't got the alternative count where was that question so in my newsletter what I like to do and I've had some good feedback from subscribers for quite some time now I might not even have it as a trade but I'll have it on if I can just find this so like today I said because we were handling a particular stock that we bought yesterday because I love the way it will actually I'll talk about it because I was asked about it and I'll do it the stock is cyber cyber arc it's an Israeli network security software company we missed the big move up I love the stock and then it had a smash from 148 to 94 believe me that is a huge one third decline that's not good but I liked it so I'll explain what we're looking at then I'll talk about the screeners because I had a question about it because it's a cancer research company I'll be back in a moment if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable $50,000 to $75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com 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actually ran a little bit after we got it I'd have time today to raise the stop and then say okay be careful we don't have too many stocks here they go down either 15 or 20% on bad reports or even good reports and there are a lot of stocks that actually are going up that kind of price on the same kind of reports it's really confusing so just I sent out something like 10 minutes before the close yesterday to say okay if you did get it this morning because I found out I thought one of my subscribers reminded me that in fact it was yes earnings are out but in the morning not the afternoon after the bell I thought oh my god now overnight what do we do so I sent an email just before the bell to say if you're a little nervous you can just lighten up a little bit just take something off because it's quite nicely it gives us enough room to say that's fairly reasonable a 10 point drop it's not what you want to see but if you're up 4 points then that's kind of it means that with the stop 7 point stop as it was on the day you'd be even 3 points more against you so then make the position smaller well it went out late I don't think anybody I haven't had any emails from anyone saying they actually got an active on that particular email because it came out like just before the bell I hardly ever do that but I thought no it's my obligation I just found this out it does change things and then this morning I sent out my newsletter very early to say okay if you have a chance and you are nervous and are sorry to pull back you know this is where you might want to get it well it started to rally early as it opened and then it gapped up and it went from 106 0.58 yesterday at the close we were at 140 104.35 it gaps up in fact I was in the car I had to I was downtown I had to run downtown early this morning straight off to send the newsletter out and then got back and then I see I said what's the current price of cyber securities as cyber software SYBR and it said up it closed it said closed then it says up 10% on good earnings I thought thank goodness so that using the channel methodology let me explain why I did this and why I didn't want to say get out get out just to say just be careful it depends on your it depends on your risk reward factors all that stuff well look the MACD dip negative just briefly and then it started to rally strongly with the price the price should actually have gone to a higher high but it was with the price I like that it also had this stochastic which was under 80% now it's at 81.71 I like that that day he was improving you had a cup for a rectangle formation with a chance of breaking out you had a potential cup formation in the weekly chart and the monthly went all the way down below the 14 period exponential moving out and yes the MACD was flattening out I like that whole scenario and that's all I could do we don't know where it's going to go we don't know how it happens next so that's we're rewarded for that it hit 119.99 today so from yesterday's 104 entry to 199.99 I'd say that that's kind of a very nice risk reward that says we've got a bit of a cushion now we can handle it in a different way now it's only up 19 and 115 maybe we gave a full points because I didn't say take anything off I was just so pleasantly surprised we'll deal with it but that is what's going on in this market you just don't know how it's going to be there was a stock the other day that it came out I can't remember which one it was everything looked great and then the stock tanks well wasn't good enough I guess but so anyway thank goodness now the reason why I mentioned that because I'm having a webinar and these are the techniques that we use having a webinar on the 19th of Tuesday the 19th of November for subscribers you can become a subscriber and it's basically free because you can pay for a month if you don't like it just you get your money back but you'll also get all my webinars at the same time so it really is a good deal that's number one number two is look Magdi worked well it held yesterday went under just touch the 14 period moving average and it closed well above it nice action there these are all the techniques that we talk about so this is C right here and now it's in a leg D and in a leg D the fourth highest peak got to be careful but at this particular point we do have options on what we want to do and that's nice alright and it's only a great leg A in the in the weekly why do I say great because the Magdi hasn't turned positive yet and the stochastic still under 20% to 16% a lot of work to be done so you know we'll see this could full the gap could do anything but at least it gives us a nice cushion okay that's number one number two is on my newsletter I had two stocks C E N X and A G E N and I said both of these could be screamers but I'm stepping aside as we try to deal with the C Y B R situation because I had no idea if it was down 10 I'd have to spend a whole bunch of time and I didn't want to have a big loser like that for us it's a big loser it would be maybe 12% or maybe 10% I just don't like that one 2% we can handle I don't like the bigger ones so that's the reason why I didn't do it but I was going to have them and this is the reason why look at C E N X I had a reading yesterday I said hey this could do very well this is yesterday so let's do this over it was right here it was right here yesterday I love that the MACD was good stochastic was rallying and it came up in my screen as something that could really move I love these small percentage winners we've had quite a few of those lately and if I had time I would have said buy but I probably would have been stopped out because I would have said buy just a little under the close of today so even if it closed yesterday I'm trying to move I don't want to move it too much so you can oh there you've seen it so it was this bar right here so it closed yesterday at 705 off the hitting 713 and the lowest 673 so I probably would have said buy it a little under 7 so maybe 6.98 and I would have had a real tight stop 10 cents so there would have been 670 at 680 something so I would have said buy 670 at 680 something stop 83 stop and we would have got stopped out and then what would have happened oh no it opened it opened at 666 oh it would have been a perfect buy it opened at 666 and it's trading it hits 840 16% so I've thrown out a bunch of these we don't always trade them but I put them in as stocks and I'm looking at I know some people have said wow I don't know how you picked those but wow nice so that's been very important to me because it's part of what I like to do that's the whole technique so now I had a question about one of them that I had on which is AGEN I had spoken about this some time ago and then it was off my radar so I think we were there at AB and then I said okay we're going to leave it alone so yesterday it closes right here this is yesterday's close of $3.23 and the low yesterday was 292 I'm sure I would have said let's buy if we buy it I want a little bit of a dip and it should be underneath 3 I probably would have said yesterday's close 320 I would have said something like 320 or lower so today's low was just to manage your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to 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weight loss at our sleep stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics oil based vitamins, minerals, fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called primal molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by NICO and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour of the Trader's Edge heard here at TFNN.com So okay so I was looking at this AGEN and as I say I was told it's AGENUS AGENUS or maybe AGENUS not AGENUS the Inc trading at $3.48 up $0.25 up 7.74% right after 200 period moving average I was asked whether I think you can go I think 4.01 is kind of a target right now it's at the monthly 50 EMA the weekly 200 period EMA so I don't know if it's going to continue right this very second but that would be kind of an area so I do this for my subscribers from opening call we have it sometimes we have them as we've got one that has done pretty nicely for us BDSI where's a BDSI let's see there it is and $5.17 took a little off at $5.57 and $6.05 I have another little position in it so in legs peak C in the in the deity hit $6.12 so $5.17 to $6.12 there's a straight line move up so yeah there's some of these to show up and I use it basically using the Chapman Wave methodology and that's just what I wanted to say so now before we do anything else we're going to peak D at just after 10 and pull back had another peak A peak B peak C and then a huge peak D spike and that was 3070 $4.88 that was right at $1146 and then plunged and now it's trying to have rebounds it's making the lowercase H that goes to lowercase M formation there's the 10 minute chart made a peak E and then it plummeted down I showed them in my newsletter and we go through them in great detail so I thought I'd just do a couple of things like that I'd all run out of time like I did yesterday I had a clock when we changed the clocks back I had one that was always a few minutes fast and that's the one I was looking at but it was not it was the exact list time so let's do a couple of other things here the XLF I just sorry I had a bunch of questions coming in I didn't get to all of them but I did cover a lot XLF this is an either alternate count but I'm calling it an F2 bar reversal a chance right here it's done very well could also have a little bit of a breather but the financials I said it's so important that they have a big rally independent of the market that's what they've done now maybe we can have a little bit of a rest we're going to watch it closely I'll be back tomorrow stay tuned for Steve, Dave and Tom of Line and Basil Chapman