 investors. 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. Good morning, everyone, Basil Chapman here, Tiger technicians hour on the 17th Monday the 17th of July, we're now into the second part of to line and see what happens. What's happening right now is actually not bad considering what happened Friday. Let me just show you on the one-minute chart, we've got a peak D in the one-minute chart, beautiful cup formation, left side writes at price time match, bar symmetry, we've got leg C in the 10-minute chart because this is patterned right here with a cup formation taking out sharply the left side high of about four o'clock this morning just after four at 45, 39.25, 430 this morning in the eastern time. That usually goes to, it's a Chapman wave cup and ladle break out one of my favorite patterns because unlike the cup and ladle, with a cup and handle which has this cup and then you make the a test of the left side lift and you're fair and you got to make the little handle find you recognize because it's breaking out to the upside that is doing well and inevitably the handle comes back and goes right price goes right back into the handle this is different. This one says that if you take out the left side high and in a leg C there's a really good chance you're going to take it and go to a leg D. If you take it on a leg B you should still be making a peak B and then a higher leg C and even a leg D and then come back at some point and retest the in this case the cup handle sorry the left side high at 430 this morning at 45, 39, 25. All right let's get out the way here and let's go straight to the major charts if you want to look at here we're looking at pretty much the same sort of thing there was a beautiful oh I haven't got it on this one I have it and all the others oh that's right I lost my some of my data because I don't know what's happening lately it's really tough I'm out of town doing this remotely and there's a really good chance that if I lose my all this information because it's on my office computer it's going to be a problem I'll have someone ready to go there to to my office to open it up to to press just all they have to do is press the button for the computer to get back online again but wow I don't want to do that so confirmation really two U shaped patterns like a W in the down the daily chart the objective in the chaff wave site identify the lowest low bar and count each successively peak when you get to the fourth highest peak peak A is the first B's the second C's the third fourth is D other things can happen that's all you have to say other things and it doesn't mean oh my god thing but this is also where I'm looking at a bunch of factors and let me go through them number one the Dow has made the potential just the potential for a short term in the daily chart let's skip the weekly just for the moment this left side chart the daily chart to make some kind of a top to go into the rectangle formation to sort of pull back and retest the 34200 level which would be the midpoint maybe just about 34150 would be the midpoint of this large not narrow but large rectangle at this particular time number one number two is if there's a break to the upside that would all go very well for the near term to say that all the the all the potential negatives are being ameliorated by price movement to the upside but I need not talk about that in a moment I need the semiconductors I need some other things to confirm that we're going even higher ha number one number two is within the context of my 914s there isn't even a hint yet that the nine has gone underneath the 14 because it's the nine period this green nine period daily EMA is above the 14 period moving average that's why it's green but if you look at the MACD the MACD is kind of straightening yes it's positive but it's not anywhere close as good as it was when it made the higher of the 16th of june of 34588 the other thing is the stochastic isn't 82% so actually if you're looking at all the technicals except for the on-balance volume which is really lagging lagging means wow that means that if it's going to get you an overboard level you've got a you've got way more to go on the upside on the other hand it's also saying there's a divergence here between the volume the on-balance volume the volume itself is giving almost the same kind of clues to say the isn't volume strength to say that buying has come in to do anything other than to hold the price up at this particular point whether it's a snap through to the 34800 which would be really good action we're at 34520 right now we'll see weekly chart everything here in the weekly charts everything is very positive it's not a fantastic price movement but the technicals are all very good monthly charts improving all right now we can go to quicker quickly through the others spx.x here we go this is the s and p lower high today then on friday at 4510 up five weekly chart spectacular monthly charts breaking to a leg c there no i'm not going into that right now let's give it a couple of days and then we can talk about it what i wanted to say is that in the daily chart the MACD is good but not as good as it was back at the high that was made back on the 16th of june the on-balance volume turned down sharply right at that moment and it's come back but it's still weaker than it was but it's still way but it's just a huge I haven't seen a divergence like this between the down the s and p on the on-balance volume going to new recovery highs the where was it the original strength is still pretty good that's actually it's very good right now at about 78 and nine is way over the 14 prices way over the nine nine is over the and the where was the other that i was looking at oh and look that gap there were two gaps and they haven't been filled yet so i'm watching this very closely say is it just a very momentary digestive phase and then boom wednesday thursday we shoot up into the 45 28 45 32 area i don't know yet all i'm saying is this is where i become a little bit cautious especially a leg e in the weekly in the daily chart of the s and p but that monthly is still fabulous and the weekly is still great let's go to the qqq and he has a this is interesting the s and p is up 0.14 0.14 percent s and p is up 0.30 0.3 and it's up $1 20 at 380.26 kind of struggling to get above yesterday's uh friday's high and that friday had an evening start or a hammock a downside hammock candle so i in this particular instance the candle is not as important as the doji candle right here four days ago four sessions ago where we did almost a one to one to the upside does that mean the 37 73 is kind of a target on the downside if there is a pullback well that would be the start but we haven't even seen anything yet to say hey 89 percent of this on the stochastic is fabulous a really good action i'm just saying that based on a couple of aspects that i use as gauges for momentum to the upside i see a slowing down and how how there's a recovery in those particular indexes going to be uh tools are going to be very important really strong i w m today 16 up 164 at 193 18 not a great candle on friday didn't quite fill the gap from i think it was wednesday or so of last week now thursday uh tuesday of last week weekly charts improving monthly charts improving but there's a lot of work to say hey the small caps are going to start leading now i want you to do this quickly just xli that's the real uh industrials sd select industrial spider fun it's top 19th set to 108 80 but look it hasn't broken above that high there was the 110 area just few sessions ago actually last week and it's kind of striking a little bit and there's a stocked information in the weekly chart we're talking about i'll be back in a moment dazzle and thank you zahua now it's up uh up something if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomyo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor 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year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com call now toll free at 1-877-927-6648 internationally at 727-873-7618 i'm out to the xli it's a real industrial it's a way more industrial than the dow itself the dow 30 the dow has a handful if that um we're looking at the xli up 17 cents at 108.79 look at the monthly 107.86 was the high january of 2022 it drops down to the 80 level and then it rallies back 20 points about almost 30 percent but that's not the issue the issue is that it's made an all-time high when you make an all-time high after a bear market move going down 25 it sees so that's uh let's call it 28 percent uh that is a that's quite something 20 actually so most more so what we're looking at in this particular instance is um the heads up to say within the context of the overall market the industrials have found enough strength to not only move very well from the consolidation phase this whole consolidation phase going to 2023 and then into the beginning of 2023 with an oval pattern and this is a pattern that i call the january stalk leg formation uh you see this here this is where our looks you've got you know a stalk stands on one leg and attacks the other leg underneath and you've got this long oval body and somehow other the thin spindle of the leg holds it up because it has to do with um um besides gravity it has to do with the distribution of weight that's not the point in this particular instance the leg is right by the tail so it doesn't fit i'm just saying when i first discovered this way back i think it was 19 in the 19 late 1970s um i i used to when i was hand charting i discovered this pattern i said gee this looks like a stalk and then what happens i found over and over again and i only use it on the dow but i after a while i started using in other other areas because a pattern is a pattern is a pattern so what happened is if you get this oval pattern and then break to the upside there's a good chance that that starts the leg so this is the first leg this is the oval body it's always an oval it's never a rectangle and it has to be an oval it has to look like an oval act like an oval and be an oval and then what happens is at that peak usually a d when it pops up above that that becomes the neck and then that neck when there's a failure it goes to the beak and that big very often pulls back and it tests the uh upside of the oval which was on the week this uh this is the week of the 10th of march and 105 104.18 well lo and behold this pullback right here went to 102.91 now i had a trouble saying is is that the beak i like it to look like it's supposed to look so i decided i will just put the beak in here and i'll put the i'll keep the neck the pink neck i used to use pink as the uh the template that i use for this pattern that goes leg body oval body neck and beak and the rule of thumb is if the beak comes down and i haven't yet quite identified that either of these are the beak coming down like that it could technically be sometimes you get a very small neck and beak but in this particular case i said i'm just going to keep it there because why it's telling me that there's still strength and that eventually when this does turn down this particular peak did 10 what did i say it was 104.18 and so yeah 104.18 becomes the focal point carry out 108.77 so this pattern is intact the this is the weekly the nine is the price is way over the nine nine is way over the 14 uh magdies expanding is still very strong this is the industrial select industrial spider fun and within that context you've got a flat stochastic at 88 percent on balance forms a tad overboard but still holding very very nicely um so this pattern says just be careful don't get too carried away about thinking short other than very short briefly for a kind of a inch inch a week maybe pull back we'll see and here it is at leg c and i have to at this point i have to consider that it could be an alternate count because he has your starting point way down here at 47 was it can't remember now uh 47.71 on the march march of 2020 that's when we actually went along the diamonds and and had a fabulous move to the upside um so and we're still long in that position the diamonds now look at this 107.88 pulls back i don't want to do a flip number here but that flip looks like it's just under it doesn't quite make 50 but a nice move up and this is an all-time high so there's something very different to what's going on here i want you to talk about that i want you to quickly go to the smh's that's a semiconductor index because there for me that's always very important to monitor because that's the area that i always consider is the oil industry of the 1900s that feeds everything the chip industry just now feeds everything it's as important as oil used to be and within that context we made an east dash c at 160.70 on friday ugly uh not an ugly candle but an ugly finish to the day because it looked very good and then it finished red and today it's running a little bit it's up 47 cents at 157.37 nicely over the nine nines of it nicely over the 14 the magti is only just barely turned positive and the stochastic scooter at 85 percent retro strength is good and the on balance fundings pulled back a little bit and the weekly char day they're beautiful i want to go through it again i did it all of last week beautiful price movement left side right side price time match bar symmetry we call it look at that beautiful confirmation you even consider that they're a whole bunch of inverted head and shoulders patterns with this being the neckline i don't want to go there just yet i think later on it's going to be very important so that's the semiconductor index so the question came in um oh the other thing also the excel excel k this is the text s and p select text spider fun all time high on friday all all time high 177.04 december of uh 2021 friday goes to 178.07 trading now just down a little bit from that but up 89 cents so all of these say actually goes up pretty good pretty good pretty good now most importantly what we want to look at is um go back here to the gold gold is pulling back it's not on eight but it's it's look the nine still positive over the 14 magnies expanding stochastic is good at 90 percent i don't see anything here other than little digestive phase i actually kind of like on the shorter term i like the the gold uh go to the gdx a little bit different pattern uh it's down just a penny at 3195 uh a little bit different because of the left side highs of 32 58 is made earlier on uh couple a couple of weeks ago and it got close to it now it's pulling back but that weekly chart that needs a lot to change flip from pink to green in the nine period moving average and that would take a proper move into the either concert a daily move or just one big spike into the 32 90 to 3310 area okay silver uh silver we discussed silver as being a little different to gold pulling back a little bit today big strong legs see much better chart pattern uh at 25.01 let me just do this quickly the dollar it's a monday so i can go through everything as a review and a look look ahead uh up 18 ticks at 100.07 at a big smash it's got two weeks in which to get back above the 101 was it let me just get that right yeah into the 101 area right now it's at 100.07 uh to save the day in this h to an empath just a very quick quick look at the steve here we go uh big the the day today quickly up here right now step steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to 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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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv of this particular pullback and i'm drawing a rectangle that's number one number two is i can't yet put a down arrow because the price hasn't closed underneath the 14 period moving out with the nine period turning pink it has this very second so give it a chance and we'll see what happens there technically the mac d's turned down stochastic sharply low arms volume is holding beautifully and that's together with the 914 is holding it up but we did get a peak c1 c2 in other words almost an exact double top in the 10-minute chart it could still go to a d but this is what i'm looking at i'm saying this is where you've got to start being a little bit careful just i'm drawing a one-minute chart skipping over to the 10 i could put the 5 i don't want to do that right now i don't want to take the time this c1 c2 is still seeing nine the price way over the nine nine way over the 14 mac d good the stochastic at 88 strong arms volume did pull back a little bit in corresponding to the to the short term timeout it's not even a pullback just a timeout so we'll come back to that in a moment and there was a left side right side price timeout i don't want to get into that so the euro is in leg d but look at the beautiful symmetry of this cup formation a rising cup formation and it's broken out above it and so far it's still above it but it is leg d and we have gone to a higher high this week so this continues for the weekly chart to be anything can happen the d could go all the way back in the daily down it's at 1.12 right now for the euro uh the euro could go all the way to 1.10 and that will still be a weekly leg d until next week you have to wait now two weeks before you can get a confirmation that friday is closed where this is going to be a peak d why because if we close the sharp road on friday this coming friday it's still made a higher high on the weekly chart and look at leg c in the monthly chart start to improve a lot getting towards the channel we have inside track repellent zone look at the usd jpy this is jpy yes i got those questions i'm going to get to those questions i also wanted to ask you in the den of favor anyone has asked questions i i did get the d d dog one um anyone who's got any questions could you retight them it's just uh i don't want to take too much time scrolling because i'm using only one instead of my usual four five monitors i just got this one uh laptop right now so okay so the usd as the us dollar japanese yen is an attempt to rally right now it's up at 138.08 up point two eight that's not bad weekly chart peak c it has all the characteristics here over d but it's a scene it's pulling back monthly chart looks like a right arm fade a right shoulder failure this is like peak apb that's a dreaded h we'll see if that happens i'm just saying these are things that could happen right now there's an attempt from nowhere on the left side uh is even a trough the next trough is at 136.46 uh one i'm sorry 138.138.46 so we're 139.064 at this particular point it's very it's we're close um so that's it look at the tlt tlt is the bonds down 19 ticks at 101.10 we went underneath the left side low and the dreaded h that goes to a lowercase m and we were gone right back into that candle and i think this is the way it's going to be we are making lower lows and lower highs so we've got to be aware that there's a possibility that the price of the bonds of tlt goes down and the yields go up but at this particular point it's just back in the range and i've been saying for quite a while my impression of this particular chart formation is that we will stay in the range for quite a bit and we have done that for weeks we'll see if that's going to change one other thing yes crude oil you'll see we've got that same pattern in the crude oil lowercase h goes to the lowercase m over there and we're in the range and the trading is 74.93 the 200-period moving average is a 70 if i can read this thing 76.68 so it's just it's being repelled at that 200-period moving average all right okay d-dog so this is data dog d o d d o g symbol up 4 and 109 112.53 this is really good action this is fellow leg c entry point i spoke about this earlier and i think i said to start the position about four five sessions ago in d-dog because it it all the technicals were good but there was a risk reward that made made a fairly tight stop necessary but that didn't that was necessary because it's done very well now let me just lift this up to show you there's the b there's the left side right side price time match in the cup formation this is this is the here this is not quite the chapter we've cut in the ladle breakout pattern because it's more rectangle breakout but it is almost like a head and shoulders nice move up we've gone more than we've gone almost one to one to the upside it's in leg c what i'm going to recommend is that even though there's a chance and if you remember when we are looking at the potential for really sharp moves to the downside i'm going to mention this one more time today first time today here we go until or if this particular pattern right here what is this is oh this is uh marriott hotel look at that walking the nine period moving average so nice that's also a very positive sign so if in this particular chart formation we start to break sharply to the upside that just leaves alone this entire darkness cloud cover and my impression of this whole thing right now is that unless the s and p really put down 45 to 50 points with the s with the dow down 380 to maybe 420 and it should be almost at the open because over the weekend there was just such bad news bad economic news until we get that i don't think we're doing anything other than having digestive consolidations that's the way i'm looking at it in fact one of the things we're looking at here is having a bit of a pullback and then i'll be looking to get back into the three times long down the u d o w we are in it but this is as a shortage of trade so within that context d dog is going on its own momentum to the upside very powerfully and i would not fight that at all so 130 17 if you're not in it if you're looking to add to it's much better if you're already in it i know two people are in it that have asked me one i'm not sure if they're in it already but where to get in right here at 113 12 but it's a short term trading position so you have to make do the measurement yourself how much what am i what is my stop i'd have a fairly tight stop why because this leg c should pull back i could call it an alternate count i just don't see any reason why all the technicals are strong so according to leg c 113 17 get your get this as a trading position i'd have a tight i'm making a two point stop initially but if at any point see on the left side you've got so much off you know you have to wait 200 area yeah you are 113 so this is your target if there is a target it would be 115.53 on the left side and we're already at 113 20 so you've got to treat that as a very short term trade and tomorrow if everything's holding well through the close it's going to be through the close today then i'll start talking to you talking to you about the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's 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contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz let me just check to see what was the same before i overstepped my mark at the uh so the question came in could i look at c o f which is uh capital one financial uh you know all those commercials capital one capital one capital one and here we are peak c i'm actually for now i'm going to call it a c1 c2 it's not quite exactly that but it's so close that i'm going to call it a peak c1 c2 in the uh we've got it right there in the monthly chart so this is a brand new leg a gray leg a because another technicals are strong so this is the start the start of a bounce in the monthly chart weekly charts got a little stronger i can actually call it a buy signal haven't yet i have to wait for the full week to complete but a buy signal in the weekly chart uh made a leg b on friday and it's trading at 112 89 up a dollar 14 c o f is visible and there's a really nice cup and it's a symmetrical right there let me see if i can get that organized right there look here it is i'm going to go to the doji can right here go to the right so this is saying it's acted really well it's had a nice digestive phase it's still digesting and i do have an alternate count because there was an instant restart at that peak d right here so that means that g has to have a g stash c because you got to be prepared that there could be a retest of the height that's the characteristic of the last two years i'll be making a little bit of a change to my methodology saying when you get an instant restart if you go to a g always put g slash c to say hey uh but wait a minute is that hundred and fourteen ninety one hundred and fourteen ninety two yes my i said there was a penny difference and that's it so that is a d slash b d says it's finishing up the old move b says oh very you move so the 90s it's over the line nine is over the 14 max these okay not great but it is good and the stochastic's nice at 81 percent on balance volumes of tan overboard but not anywhere where it was before back in june when it was going to the 114 area so so the question is could i look at it or is it a question of um what do you do all right i'm going to do it is if i'm looking at it fresh and someone said to me what do you think of cof would you buy sell a hold this is where i want to get a big picture so i'm going to go to the weekly chart right here and the weekly chart says yes it's walking the nine-speed moving average it's going into this long kind of cup it's more like a ball formation that it goes all the way back i'm going to just put it for the moment to there and show you that this is the pattern that i'm looking at it's a ball pattern basically there's a rectangle narrow lower down it goes from there to there and we've got to look at what's happening in the middle of this rectangle and the idea is that the nine's acting well everything about this weekly chart the manky's good casting's good says it should continue to walk but even though it's struggling to make higher highs as long as that nine is good that's that's really important that's that's the weekly monthly chart i don't want to do anything with now because we have to wait for the month to close so the daily chart is the one that says to me it's a bit of a struggle and then if you were to get in right now yes it could pop to 116 nice three points good but everything about it says that there's a really good chance that there's enough selling pressure to keep it contained within this rectangle formation a little while longer maybe another week because it keeps doing that it makes a peak and then it has a little bit of a timeout so i'm just going to say that's if i was looking at it on a weekly basis and i was saying what would i do and i know that you do use options i would get a call position 115 call position for august just give it time but i'd have it only in proportion to the risk that you want to take i wouldn't say this is the big move it's going to spike to the upside go to 120 i know that would be your area but you gotta consider that these digestive phases especially in the financial area financial stocks have often lasted quite a while so that's why i'm saying august okay now on price alone i'd just say to you if all of this week it does not close it can go under it but it mustn't close under 109 there's just three points three four points below but instead holds you and actually nicks the high and goes to 115.15 go start to actually trade in the 115 area that i think on a very short basis is very good and then that will also help the weekly so yes my idea i i know that you have a couple of people have asked me i have a sense of both the two ways of doing it one is that option area and the other is just start your position here at 112.490 i think bank of america thought it was going to be today but maybe it's not today maybe tomorrow the next day bank america is acting it's gone sideways it's not doing that much it's kind of it's actually acting okay but actually it's poorly if you had to say to look at the market with the market this is a really it's just not participating if you look at the xlf and i don't i don't know maybe cof isn't the xlf that's acting very nicely today and the weekly basis is starting to make higher high so it's very selective and look at the chart here in the middle of the weekly chart and look at cof weekly chart keep your eye on this one big rectangle with a big red bar but it's filling that big red candle and this one is doing a similar type thing but it didn't have a single move down just that red candles for about two weeks over two weeks for one two three four five six seven weeks for seven weeks so this action now taking 15 or 16 weeks to move up steady move up it says any bad news and it's going to be pulling back but if you just put in a stop i don't think you have to worry about that so i'm going to say start a small position and see if because you discussed it my idea is that um it's on your watch list and it's something that you're interested in i don't think you're looking at it as a short although i would i'd certainly do an analysis as if it was a short the short would say for closes three out of four sessions usually i say two out of three i'm going to say three out of four sessions but at any time in july i'm giving it the whole two weeks to go under 104 closes under 104 two or three days out of four or four days out of five i just said uh oh not ready for prime time at all and probably could go down quite deeper i don't see that right now i think there's just enough strength to keep in the steady sideways move start your engines but don't get too carried away just start your engines my next question that came in let me just check here i think i wrote it down uh see if i did that i did that i did that okay whoa i went too quickly uh i'm going on okay a little hard to read okay so i'm going to do this because i got another question that came in okay so i there's a question of whether there's another particular stock same area would be a better fit and i'm just going to say to you let me just think of that right now i see uh different charcoals together it's a continental exchange two separate things in time i'll be back in a moment tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional 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exchange just a very there's a really bullish chart formation to start a position here is real tough because it's a spectacular move if you'd asked me a little earlier when it's dropped down to 113.76 i would have said maybe a little nibble in this area here under 114 and maybe between 114 and 112 but now it's already given it's spiked right back it's now only down a quarter at 117.25 wow i like this way better but now yeah i'm going to say the same thing if you're in it and i suspect you might be in it just keep holding it if you want to add to it that would be a trading position right here at 117 but this one i would give it no more than two points as a stop because if it does pull back again it means that whatever helps it get back was just news it wasn't something tactile something that it can really grab on to but so far it's acting very well so let me just do this because we're about to wrap up dao is trading right now up 37 holding really nicely the s and p is holding really nicely and i just wanted to show you here so let me just do this if after two o'clock dao is actually up 60 points or more that's going to be a good sign and if it takes out friday's high that'll be a good sign because it's still leg d and all the tattoos are still strong and unless you get this really bad the reason why i showed you the chart of the bad news cloud cover is that i don't see anything there other than on a purely technical basis we're a little bit short-term overboard so that's why i'm looking at up your six points after two o'clock that's good if it suddenly gives back in the search to be down 40 points it says be careful a little mile pull back let me just go to the estimators as we go back and go to steve rose great programming yeah tf and then yeah his estimations are 41 cents holding okay um i think we're in for just a little bit of a consolidation we'll see what happens here but