 is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapin. Call now. Call free at 1-877-927-6648. Hello everyone, Basil Chapin here on this second day of November, Thursday. We're looking at the Dow futures up 139, and we're looking at the time of 8.06 a.m. in the morning. This will be replayed at 10 o'clock, my usual time, Eastern time. So this is really important. Why? Because the takeoff that we had from the Friday low, I'm looking at the futures here in the Friday low, there's a continuous contract, so the price can change. But right now the price is $32,409 on the 27th. We had that open, that sharp open, and we kept rallying at a beautiful session on Monday, Tuesday followed through, Wednesday followed through, and today we've got another follow through. This is called the Gray A. in the Chapin Wave methodology. Tomorrow's technical Friday, I'll go through some of this in my 10 o'clock show. Now what we're looking at is the nice V-shaped pattern here in the unbalanced volume. That was the bottom on Thursday, and that was the bottom right there. It also gave you the bottom in the relative strength, same day. It's very unusual to get both of these that give you the exact ictus, the little turning point. The relative strength is important because it's been rising very nicely with the price. The MACD cross positive is the MACD here, the moving average convergence divergence, and the nine period moving average is still way underneath the 14 period moving average. I had said earlier that to get this in the Dow, this is the Dow contract itself. There's the closing prices yesterday, so it's not showing the price right now. The futures does that. This is still a great leg. I did not draw this line in. Normally I do, but for some reason I didn't. The first line that we've been looking at of resistance Chapin Wave inside track repellent zone is up in the 33,500 area. That's the cash I'm talking about. Most importantly, the reason why I want to show you, look at the distance between the pink nine period moving average and the 14. A crossover once positive, just as we made that reversal in the arch pattern, and now we're making a potential V-shaped pattern. It's important that this rally holds, and when you take off like this, after a low that's been made, that's quite important as we did back on the about the 6th or so of October, it's really good to have strong candles, and then you have your peak A after a few candles, but very quickly you want to make leg B. That's the test. How many bars, there's days in this case, can the price keep going higher towards the first big resistance, and that will be the children period moving average of 30,787 on the Dow itself. Let's do the same thing with the S&P. So the E-mini right now, so if I'm doing this at this particular time, 889 a.m. Eastern time, that'll be 1009 Eastern time when this is replayed, and everything pertains. Now in the ES, I'd already drawn in all these different levels of the Chapman repellent zone, the price kept getting repelled there. Can it go up now? The question has to be, and a lot of people will, because they still get the mentality of going into last week's low, short, short, short. This is the opposite. Now what you want to do is to be looking at by now, I did say that I was looking at this as A low, not the low. The reason why I'm saying that is that the volatility index, VIX, and I should mention that the E-mini is up 28 points right now at 4284. It just took out all the resistance in the near-term contract, in the intraday contracts. So look at this. This is the VIX index pulling back sharply down 55 cents at 816.32. What's really important about this is that the actual high of 23.08 was on the 23rd of October. We got the turnaround in the general market on Friday, and what I've discussed was I thought that it was really important that the S&P, let's go to say with the VIX, that the VIX index makes a high up in the high 20s, maybe even the low 30s, for V, the actual, the big turnaround. Now what I'm calling this at this particular point, and I'll go back to the E-mini right now, I'm calling this a kind of internal low, and I'm waiting for the residual low. It's like an earthquake and an aftershock. The earthquake could be really, whatever, seven or eight on the Richter scale, but then you could have either very little in the way of aftershock or aftershocks, or a lot and intense, even sometimes worse than the earthquake, the impact of the aftershocks, or you could have just the reasonable one. I'm thinking that this is the internal low, and then going back to the S&P cash just for the moment, because it's a little easier to talk about something that is a fixed price, that the low of 4103.78, my suspicion is that how we come back, it depends on the news that's going to be coming out over the next week. We've already had advanced micro devices, gave us a chance to see whether or not, and we are still short the S&P cash from two points of the all-time high, but I intend for subscribers to have trading positions on any dip that comes, because I think there's enough evidence from advanced micro devices, I'll do this while I'm talking about it, AMD having, it was really shaky after the news earnings. It wasn't bad, it was down about two points, and it was up, and it was down, and then it closed up huge, it was tutoring along the 98th level, and it closes at 108, and right now it's at 108.25 up to 21 cents, this might have been a little excessive, but that's excellent action, and that really helped the SMHs, so the SMHs had this beautiful, I'll talk about this tomorrow, I'll make it like a little webinar that we'll have, a live one for everyone listening, how you can look at, look at the parallel incline and decline, and look at the beautiful one-to-one measurements, and this is called the Chapman Wave, inverted folding ax and the dreaded H pattern, inverted folding ax and the dreaded H pattern, and within that you've got your inside track and your down channels, and it goes right to the resistance, it stops right there, it comes back, it stops right there, I tutored along with this, I really was looking at it because it was on the 200 period exponential moving average which it hasn't visited for months, and I thought this is going to be interesting because if there is a balance, I need the SMHs which were very weak to be running to say that this particular move has some legs to it rather than just a bounce, can it be a move that takes you to 150, we're sure from 159, just over 159, 161-17 was the all-time high on July 31st, immediately after that we went short, now the issue is am I going to switch that, is this the time, I don't think all the news is out and therefore I'm saying I suspect that we're going to have some kind of, so the internal though is where the technicals give you all the indications that that's a pretty serious low, the emotional low which I call the residual low and we see the same thing at the highs, I'll just show this chart very briefly, where I do this for the chaplain wave, this is on the down, where I do this for the upside as well, internal high, residual high, I draw this rectangle, so I've got internal low, where will the residual low be if it's going to be, and that's going to be very important, so I'll be back in a moment about the chaplain Thursday edition, early edition at 8.15 a.m. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. 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Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN Educating Investors. Tires every Tuesday and Thursday, Tim Orr joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. Eastern time, Tim Orr will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double, and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the Daily TLT VIX, the Daily and Weekly SPI VIX, the American Association of Individual Investors' Bull Bear Ratios, and the Trin Panic Levels. Tim will break down each ratio, how it is calculated, its importance, and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them, and see your returns. That's it. Visit the front page of TFNN.com today to sign up now. TFNN Educating Investors. 777-927-6648. Internationally at 727-873-7618. Every addition down here is up 175. S&P futures are up 30. Let me just show you something. I'm talking about the SMHs, how I needed to see them, ready sharp. I didn't care how, why, or where, and I know there's a lot of talk about that's the end of NVIDIA. Maybe it is, maybe it isn't, but there are other companies that are coming in, especially with AI, and they are NVIDIA, isn't prepared in the same way that some of these smaller companies are. I don't know, this is all beyond me, but it's really fascinating because this is a really nice move, and even earlier this morning, the video is up eight at 4.31. And the big thing for me was, do I cover the entire position for the short that we have all the way from just above the SMH as high? And I'm saying, I don't think we're ready, but I might not get the low that was made the other day. We'll be watching that closely. Now, just talking about all these different levels, and all these different patterns, I mentioned someone in the dead who listens to a lot of both jazz and classical music, but the other night, perchance, because I guess on Google, whatever you do, it knows what you like, and it just shows you stuff in the academy. Suddenly, there was this thing that said, Chopin, jazz? Question mark? And I said, yes. And there was this young woman, she was explaining about a Chopin piece, a ballad I think it was, a piece I actually know quite well. Of course, I never remember what the number of the composition is, but I know the pieces. And she was going through it in jazz, contemporary jazz, chord analysis, and there was just one little bit that was changed that she would change in terms of the analysis, but everything else fitted perfectly. And I also mentioned to our dinner that I went once to a new, I was a master's degree candidate and graduate from the new conservatory of music, clarinet and mining composition. So I went to one of the, when I was on the alumni council, I went to one of the events and was someone who had done Fibonacci analysis. I didn't even know that they had done it. It was just a surprising thing that I went to and there she was talking about the Fibonacci relationship to all these different composers going back to the Renaissance period. Chopin, Beethoven, Mozart, Haydn, they all included some Fibonacci in the book and she had it just unbelievable to see these ratios as the pieces being played and you saw the graph. It was absolutely fabulous. Okay, so back to the market. So what am I anticipating? So with that said, let me just show you the QQQ. Did I just move away? That was in the video. We didn't want to put it on the video. We've done that. QQQ. One, two, three. So look at this nice move up. It was kind of stalling and it held a 200p moving average. Do you need the 200p moving average? Absolutely not. We had a 387 but when you come back to 345 you better be watching that 200p moving average because it was the magnet line before back in February and March of this year before it broke out and I think it's going to be some kind of a magnet line right in this timeframe. That's not to say we have to go break under it or anything like that. I'm just saying price could be attracted towards it and if you look at the NQ slightly different chart but we're also moving away. The 9p moving average is still pink. It hasn't changed to green. It could still do that but my suspicion is that this trend line right here, I'm just going to extend it right there. That should in fact become some kind of a resistance now. All right. So with that said, I wanted to go to the gold because gold is up. It's up nine and 1996 and made this peak one, C1, C2. Tomorrow I'll discuss that if I remember this is an alternate count to the chivalry peak C going to a D. All the technicals look really like they needed, they were ready to pop to the D but it didn't. So I call it the C1 and a phantom peak C2 ready for a deeper pullback but it doesn't have to. Often you get the retest and you break to a D and then you pull back. So this is good action in gold. It's holding very well but look at this. The GDX is up 29 cents by 2840. This is not a great pattern. I think over a period of time if gold remains here, there's no way that gold stocks aren't going to try to get back to the higher positions that they were at just a week or two ago when this whole war broke out. So we're watching that, looking at the SI which is silver. Look, there's the silver trading at 2313. This is current price at up 35 cents. Just kind of stuck, stuck in that 200-period moving average. If it breaks and gets to the 2453 level up there, I'll say different kettle of fish. That's the right expression. I should mix my metaphors as late Dave White used to do so well and I'm just going to move my trend line here because that would be the higher trend line. Some were a channel. It's now a trend line and expanding wedge and we'll see what happens there. Looking at a high-grade copper, high-grade copper. Look at this high-grade copper. This is now pre-open and in about seven minutes we're going to get some kind of economic news. We'll see if that affects it. The market says, hey, we're done with all that. The Fed said, we're okay. We can keep going and we'll be watching this. So the high-grade copper made a peak A, peak B, peak C. It still doesn't look very good in the weekly chart, but it is having higher highs and higher lows in the very short term. So if copper at 3.66 is able to finally push back into this whole area of 3.78 to 3.82, I think that'll be a good sign for the market. But right now it's lagging. I wanted to go to crude oil. Crude oil is trading down, oh no, it's up 62 cents at 81.06. It's not a great pattern. This is a dreaded H pattern, like an inverted V. How it tests, it looks to me like that 79 level is the 200-speed moving average magnet line. It'll only start being attracted to it if it closes under 80. If it closes under 80, immediately the 79 is in the picture. But if it suddenly pops to 82, it moving away. It means that it's a propellant line rather than an attractor. But if you're looking at the weekly chart, it's suggesting that it's having a tough time. Crude oil, a natural gas. We did not go back into the UNG because I was a little concerned that the move that we saw three days ago didn't break to a leg B and then yesterday we pulled back. So this is still a work in progress. We haven't gone back into the UNG, but it's a work in progress and I do think that it's making higher highs and higher lows, but it needs a catalyst and that could be if there is like two weeks of really cold weather. I think we'll start to see that. I want to run out of time now. I want to finish the bonds. So the bonds had a bit of a relief from the Fed and all of a sudden, peak A were in leg B and I haven't got any a buy signal yet. It's very close actually to a buy signal, but the 9p moving average hasn't crossed positive over the 14. The MACD is looking much, much better. Circassians running nicely, not great, but nicely at 41% on balance volume is good. And this is a very positive sign. That's the reason why I think that this is not, I know a lot of people are now looking too short and I had said the reason why we didn't immediately on Monday at the open, grab a trading position in the Dow. Instead, I said I want to go for a particular stock that is in the Dow, that is in the same price range, instead of 30s of the diamonds to get back in or even the UDOW, which is usually what we would grab the three times long. I wanted this particular stock and it meant all our needs. So we got into the stock and it's in that range and it's had a fabulous move over the last couple of days. So that's the way we're trading this. And I'll be back in a moment after 8.30 whenever the economy uses at 8.30 we'll see what happens. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options report is a newsletter you should try. Tommy O'Brien 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. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. 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Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, Educating Investors. TFNN has launched 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 traders during market hours. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch 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. The future is spiked up a little bit. There are 30 to 25. They're spiking up a little bit more, spiking up even a little bit more. Okay, so that's good news. I don't think we're going to get the pullback. If you missed entries over the last couple of days, you're going to have to they're probably going to be higher than you expected to get into positions that you've missed. That's just what happens sometimes when you have a very sharp turnaround. So a couple of things. Oh yeah, I just, yeah, Keith Jarrett. When I've listened to Keith Jarrett, I've heard him play Bach and he does it extremely well. Yes, a good point. And we're just talking about different musical aspects here. But we're looking at and a nice comment here by one about Dennis Z. Saying basically, and this is what we've spoken about for years, and that's why TFNN I've always found is just so many people tell me when I meet them that they've learned so much from the hosts at TFNN. And one of the reasons is I've always said, I remember when I used to teach if a student was playing say a Brahms clarinet sonata, and then they played and then they'd look at me as if to say, so what do you think? Then I'd look at the same bass or the hound, look, I'd give them, I'd look them back at them, and then I'd look again, I'll give them a look. And then they said, huh, what, what? I'd say, wait a minute, you're a musician. You're learning the whole idea of being a musician is to interpret pieces and to tell me your story. So why are you looking at me? It's your story. Tell me if you felt it was successful. And that's the same with trading. If every day you do a particular thing, and it works for you a majority of the time, it doesn't have to be 100%, it doesn't have to be 75, but really a majority of the time you feel so comfortable that you could do it. And if it doesn't go right, you know exactly what to do. That's what you want. And when you learn something from someone else, it has to become yours. In other words, in the Chapman Way methodology, we're looking at recounting the troughs and the peaks. That's the core of it. Up a case on the way up, A, B, C, D, E, F, G, there's never an H on the way down, A, B, C, D, F, G, lowercase. But the most important thing about it is that how you handle it, how you use these techniques, how you use the bass symmetry, I must have at least 12, 13, 14 different, actually it's probably way more than that, I've never counted the different techniques that I've developed over the years. And some of them there's no one in the world that I've ever known that actually came up with the Chapman Way technique of counting assessing peaks. Peak D is your objective. At peak D, other things can happen. And that's the way, that's just important. So let me just go back here to what we're looking at. So this is a very, I would say this is a session that's going to be in terms of chart formations. You've got the relief of the TNX, and we spoke about this last week, the TNX had already made a peak D in the Chapman Way methodology at 49.97 on the 23rd. And then it had this arch formation that looks like a dreaded H. Maybe tomorrow I'll show many of these patterns, dreaded H, dreaded H. That's the pattern where it comes straight down, tries to rally, and then fails at a peak A or B, and then takes out the left side low. We can have more than a one-to-one to the downside. If it fails, well, this is the pattern, straight line down, arch is over red, because if it takes it out green on the upside, where it goes, it makes a reverse Y pattern, and takes out the left side high. That's very positive. So you've got three directional moves straight up, straight down. Cup formation where you go from one place down, and back to that place, what happens when you return? In other words, this green could be a V, or a cup formation, or an inverted V, an arch formation. And when you join two, straight down, and then you make this arch formation failing and taking it out, that is a serious thing. This is not that I was eating breakfast and I sneezed, and this is a little spot right there. This is the note. This is the price, $46.80 down a dollar. So when we're looking at this, I think this is really important because it's telling us that the TLT for the first time is able to break, I have better to look at the bonds themselves as a 30-year bond. Look at this, better to break to the upside, and that's giving the market itself a little bit of relief. And that's the reason why, because the tech sector, XLK, the tech sector hit the 200-period bill, I forgot to put the E in. All right, there's an E. It's actually an E slash A, trough A, trough B, trough, oh great, this is even better. This is a trough A right there, lower case on the way down, trough B right there, lower. You see, that's a little trough. Here's another trough, C, and there's your D. So the second time for a D, getting a rally. But this time, what we're looking at is that the length of the move after 1, 2, 3, 4 bars after the low, the low 1, 2, 3, 4, it took 5, 6, it was a 6 seventh bar where you got the big move up. So this is showing that this B minus right here, if that gets taken out, this is going to be a much stronger move to the upside. So I'm liking what I see. Now, how do we go from, what would take the VIX index to the high 20s, low 30s, when all of a sudden we've got the Fed kind of on our side, you've got yields coming down for the first time, you've got the three aspects that I think are really important. You've got the tech sector, let's go back to the XLK, the tech sector finally getting a little bit of a breather after being, oh, this is the XLK, the XLK. So everything I say didn't apply to the bonds, it's applied to the XLK. This is a very nice, life-strong move. You did your 1, 2, 1, to the downside, but the 9p moving average is still negative. So this has to be a move that really takes it into the 170s or the 1692 right now. And the reason why I liked the position that we got when I was asked about it yesterday, and I did an analysis of it, so I may as well talk about it. I usually don't like to talk about it the day we actually get it. And that's Microsoft. So it has Microsoft and it encompasses so many things. Look, it had good earnings and then it pulled back really sharp. And we were fortunate enough to get it. We got along at the 338 level and trading pre-market at 349. I did say yesterday to take a little, just a tad off on a balance. And this morning I said, when I sent out my newsletter, I said, let's take a tad off right as it is right now. It was in the 349 area. And the reason why I do that is I've learned that if you don't take money off, as it moves in your favor, just has to be a little off. In other words, you're rewarding yourself for getting into the right position. And then you got your core position. And we're still holding a core position in the diamonds for the same reason from way back in March of 2020. We still have a position, the diamonds, that was under 211 and it's trading right now at 334. We have a position in the diamonds as well as the SDOW in a few times along from the October law of last year. And I just found that in bulls, yeah, you're not going to make the same big money as if you had helped and even doubled up your position. That's for that's for traders for working online together. But I don't I haven't used it as some people are lucky enough if they get my eight o'clock or eight, eight, 30 newsletter and they there to be able to put the trade on and then to come back to whatever it is. So I have some people who are managers. Hey, if you love, thank you guys. Go on here PLTR as we go to the break. Tires every Tuesday and Thursday, Tim or joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now on Tuesday, November 7th, from 4 p.m. to 5 30 p.m. Eastern time, Tim or will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the daily TLT VIX, the daily and weekly spy VIX, the American Association of Individual Investors bull bear ratios and the trend panic levels. Tim will break down each ratio, how it is calculated, its importance and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them and see your returns. That's it. Visit the front page of TFNN.com today to sign up now. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade C-H-A-U or C-H-A-D directions daily CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Foreside Fund Services, LLC. This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. Hi folks, so a couple of things here that I needed. I'm always looking at the microwave methodology for a bicycle to be upgraded to by mode. So I put this E slash B as an alternate count, but the 9p moving average never turned pink. This is beautiful. We'll look at the dollar in a minute to see if it's going to turn pink and give us a sense that the dollar finally pulls back. But look at this, we finally got to the D in the one-minute chart. We're in a leg E in the five-minute chart and we're in a leg F, but it could be an alternate count because it could be a microwave instant restart. I'll circle it right there. So if we're trading when this show comes back on later, this is at 842 right now. If it's 1042 and the E-mini trading up 36 is still up more than, say, 20 points, we could recycle and for the day we could have a brand new four peaks higher in the 10-minute chart. That means we go to GF slash BG slash C and then another D because you can't get an H. So this is going to be very important. F, the key support now on the shorter term is 4280 and the one-minute chart 4264 on the five-minute chart. So I just want to get that out now. So what I was saying about these techniques and why people like, love listening to the different hosts here at TFNN is when I was telling you about the student playing Brahms and then looking at me, it has to be your story. So when I tell them, you know, you need a little bit more acceleration in this particular phrase or you need a little bit more, that's the articulation of your staccato notes. There's a little passage I'm just thinking right now, the last movement of one of the Brahms and I'll start off. So when you get that short little bouncy note, the two notes together, you want to be able to really, it can't just be fluffy. It's got to be really strong. It's almost like a march. So that's the technique that I was explaining, but it becomes his technique when he's playing it. It's not mine anymore. And that's the same thing here. There are people using these, I've done webinars on the 914 where I think I'd love to do one again. I just don't know how many people would be interested in it, but isn't it incredible? I mean, how many days do I say there's a chance of a two-click session? I'll be working really hard at that. I'm getting closer and closer to defining what you would look for on a potential two-session session. That's click in the morning and then just forget about it. And then three o'clock in the afternoon, you come back and you're still looking at the same technique holding in a buy position or in a sell position. And then you click and you say, I'm done. Or you can have two clicks. You make a mistake early on and then everything comes back and you can have another one click and you wait and wait and wait for that final click to get out. I mean, that's fantastic. The best trades are the ones that you don't have to go in and out, in and out, in and out, because your mind is set, everything is locked in, and all you're looking is where's your exit point? That's the only thing. You don't have to do that over and over. So, okay. So with that said, that's what I'd be looking for. And now we have to look at the other aspects that I was talking about. So, Palantir question came in. Nice earnings. It's up to $68 right now. Where should it go? Well, the chart actually was looking great when it was getting to that Pd. And then it failed. But then the 9p moving average went negative and went S. So, you have to wait for it to turn green again for that technical, I'd say confirmation. And then the MACD has to turn up, stochastic at 5%. So, I'd say the pattern I was looking at was the weekly chart that made the H pattern, held the left side low, and then that should have turned into a cup formation. And then it failed. So, this is back to the right shoulder failure, this dreaded H pattern. It has a second arch formation, a bigger one. I'll draw it in like this. So, I just look at this and say, if you're in the long position, first of all, when you're in something, and I'm not talking about, I don't know the positions, but let's just say you got in, and you got in at 1780. And it bounces to 1835. And now it's trading at 1492. What I've learned over the years is that if it gets back to or just really close, because you were wrong, it's not like you had a plan to say, if this thing keeps going down, I'm buying it because my long term outlook says it's going to 35. I'm buying it in the 20s, I'm buying it in the 12s, I'm just buying. That's different. I would not put bad money to good money. I would say, you know what, and this is what I've done over the years and I found it really useful. No one's ever said to me they're getting upset because I have very tight stops, because I know when it works, we more than make up little mistakes like that. But the most important thing is that if this gets back to your entry level, I do two things. One is I get out immediately and then I say, I've now got a fresh position because I like it. I'm getting the fresh position and yes, the stop. I never took a stop before, but now I'm going to have a stop. I don't care what happens. If it pulls back from my entry point X number of whatever it is, percent or points, I am up because you don't want to go through that again. That's number one. Number two is I would immediately, if it gets close, I would put in a physical stop. In other words, I don't take it. I put it in. I say it's gone back to 1780. I got it in 1780. I'm either getting out. I didn't really want to get out. I like the action. It's improving. The techniques are now, the right side is all improving. In this case, it's going to take a lot for the right side to improve, but I'm now going to put a stop in at least a part of the position, but my advice is take it a little bit off. You're not going to make as much if it goes where you wanted it to originally, but you're not going to lose the same way, and then you have to put in a stop. At that point, the rule is get out, get back in with a new position. If you still love it, that's different. It's a new position. Your mindset is completely different. That's the way I would look at it. I'm going to say, I want to see what it does today's Thursday, Monday at my usual time, at 10 o'clock to 11 o'clock. Let's look at it again. If it's holding beautifully, it's at 1763 right now. If it's holding beautifully over 1650, I'll say that is good, because now you can see the 9p moving average is getting closer to turning up or crossing positive. The MACD is improving, but it still needs a lot of work. The weekly charts are saying it hasn't gone to an S yet in the 914, so that's the reason why I'm saying to you. I would still keep the position, but I'd manage it completely differently. Okay. I hope that helped you. Next question came in. I just need to look here. Yeah, this is the early edition, so people don't know I'm on. So the question is, hi, Basil. I don't believe the VIX has played out to show a bottom is in yet. Do you agree? You know, there are so many changes, and before I get there, let me just, I don't want to finish the show with actually do the dollar, because we are still on the dollar. Haven't taken anything, anything more off the dollar yet, but we're along from 2018. That's a different position altogether. So yeah, this is a sharp move down. Down 69 ticks at 105.98 after being repelled to the Chapman inside track and down channel, the mini down channel resistance. I'm watching this really closely. So I'm going to get to the VIX because I'm putting the two together. If the dollar starts to trade in over into into next week sometime next week, under 105 30. Under one, actually, I'm going to say closes under 105 30 next week at the same time. Now, I normally would say the door. It is the token of geopolitical fear. And the dollar is token of geo financial. And that point is not, you're not in that category just yet in the banking sector. So I'm saying if the dollar is down at 105, five, you got to be really careful. 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 O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, 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 O'Brien's gold report newsletter now at TFNN.com. 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Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, 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 real time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30 day money back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com. Then hit watch Tiger TV. Hi folks, just to try to get a second trip for the sitting in for Tom O'Brien from the next hour. It should be a great show of course. So let me just, Euro-dollar has to try to get above the 1.07 200-period moving average. I said 10665. Nice move up today. The technicals are starting to improve and the 9-period moving average is green. The USDJPY is, how does that appear, is pulling back from a PPD. There you are. So I said yesterday, we're looking at a PPD in the USDJPY. It's up in, it's done exactly what we were talking about for the travel wave symmetry and going back to the all-important high that was made back in October of 2022 of 151.94 and here it is at 150.97. So yeah, I think that there's a chance that we have a bit of a dip. I don't have anything technically negative there. So that's what I'm saying. I think this is a really, just a very big relief rally, but it's the start of something. And it's the start of something in different areas that might not have to retest their lows. And that's going to be important. So back to the VIX, things have changed so much that maybe I'm looking at the wrong thing. I'm looking historically, but there's a new history. Who knows? But I would expect that their 23 level will be taken out for the next big low. But I'm not saying that it has to happen today. I'm saying that's what I'll be waiting for. That's the reason why we've gone along. And that's the reason why we have a great surrogate for the diamonds in the issue in Microsoft because it's combining the tech sector that's oversold. It's combining the Dow itself because it's there. It's combining the S&P, the QQQ. So that's what I'm looking at. So tomorrow there's a lot of work that I need to do that I couldn't get to today. And just a couple of things that we'll just see real quickly. Yeah. So the TLT, the TLT, I typed it into the den by mistake, TLT. There it is. TLT is up $1.81 in $86.91. That is what you'd be waiting for. But that quick time to be moving as a head for a long way to go through and green. But this is really the start of some internal and maybe with the wisdom of your load. Whatever it is, I'm taking this very seriously. I think there's their legs. Have a wonder to check up over here. My daddy, newsletter, stay tuned for the time.