 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 Hi everyone, Basil Chapman, my pleasure to be here on this 11th day of December, Wednesday and this is going to be so interesting because we're looking at some divergences in the monthly charts of the key indexes and they still have not made new all-time highs. Will the Fed announcement after 2 o'clock and 2.30 when Powell gets to speak, will that be a game changer? Let me just go through what I'm looking at here. You see this arch formation, see this little circle here, that's a gap down and a gap up so this is an island reversal meaning that the body of land over there is up in the higher area and there was a gap down, a little island was made because it went right, the price went right back to the mainland. So will that get filled? Well we've got two gaps, we've got a gap from the close, the high of the 5th of December in the Dow of 27,745 and the very next day gaps up. Remember that was at Friday, boom, up in the air, 27,839 was the low, so far the low today in the Dow is 27,801. Will that be filled? Well I suspect that the Dow is being weighted down because of Boeing, that it would be much more in line, Boeing is down 4, it was down much more earlier on at 343, Home Depot was down quite a bit, yep it's still down 4.33 at 211. I think these are big stocks and the only thing about Home Depot that I've had and I've spent a lot of time going through it, I can't make, this is one of the very few times, when I say that I really mean one of the very few times that I can recall ever, that a major top was made in a significant company, this is not just an IPO or something that doesn't have the volume or doesn't have the panache or the covering, that something like a Home Depot has, makes it all the time high and it fails at a peak C in the weekly chart, yeah sure it happens and I haven't had every single chart put for the thousands of charts that I've done, tens of thousands of charts and probably hundreds of thousands with a chapter wave notation, it is rare to go to a peak C and then break down below the starting point and that starting point would have to be on the week of the 16th of August at 199.05, so that's about another 12-13 points down if it does that, then it breaks and that's a minus C, minus very unusual and then the monthly chart has made a peak C, there I could make an excuse to say yep it could be an alternate count, F slash C, don't make it complicated but it's not technical Friday, it's Wednesday, so I just wanted to say Home Depot is part of the responsibility while the Dow is somewhat weaker than the S&P but the S&P is not doing great, it's up 2.5, let me show you the S&P right now, it's gone sideways, there's an item reverse as well, all time high peak G at 3154.28 on the 27th of November, I should have written down where it went, it went down to 307033, 3070.33, oh I should also mention it was really really nice to see so many people last night, excuse me at the Investors' Business Daily and Boston Investors Group meet up last night, a lot of food, wow and just best regards from a number of Tigers to say hey we miss you all from the den, some people just don't have time but it was really great to see everyone, so let me just say that we have a wonderful following out there for TFNN and it's really nice and there were some new people that hopefully are now listening to the show, we'll say hey hi welcome, okay let's get back to the S&P, S&P makes a lot of 3070.33 that was just as December was coming in here, that was in fact the 3rd of December and then it gaps up and it goes all the way to 3150.60, so five-ish points below the all-time high and now it's kind of fading in the sense that the magti is very weak, the stochastic is very weak and what I spent time on last night and I'm going to do it again is look at this, we've got the Dow still within this bad news cloud cover but the stochastic, so I keep saying the stochastic, the 9 period exponential moving average, the green line is still slightly above the black 14 period exponential moving average hasn't crossed negative yet, it could very well by the end of the day or tomorrow it could do that but it hasn't and I have seen this where you go parallel and you go for a while and then you break out to the upside, not you the 9 period moving average breaks out and the price, so I have to be patient and wait for this to break down, we do have position here in the Dow but I need evidence that this is going to really take a tumble and the tumble says that it probably has to go under 27,680 and here it is 27,860,70 points higher, so it's going to be a big dip to do that, so if I look at the S&P using the same background, look this is even, it's held even better than the Dow, but look at these tiny little doji candles, so in a sense as I spoke last night about this, when I see the doji candles it just says that momentum's slowing when you throw a ball up in the air and then being at MIT Massachusetts Institute of Technology I was embarrassed to talk about it, I'm more the artist than the mathematician but I did mention that gravity goes to 0% when you throw a ball up and as it curves over it's neither going up or it's going down for one fraction of a second, it is standing still basically and then it turns around and comes down, so doji candles say be careful we might be standing still and definitely if you start to see a trade in the S&P under 31, we're at 31,34, start to trade under 31,18, that's a bit of an issue, certainly below that and you're going to get that crossing negative, look at the QQQ NDX100 trading vehicle, another well the day's young, it's a doji candle, but this one's also holding very nicely ever since it broke out above on the 14th of October around about the 191 area, this green line has been stupendous just being a beautiful harminger of upward movement or least support and that's where it is now it's in the support range and look at the IWM, the IWM is actually a little bit stronger funnily enough technically, price-wise not so much, but look technically it's holding even better than all the others, now let's go to this because I wanted to show you gold, gold has gone from in the daily chart from pink that's negative to green back in November just for about four sessions, plummets down and it's still pink by the end of the day are we going to see the dollar DXY, the dollar take a tumble because it's already in a sell mode in the daily and the weekly charts even though according to the consolidation monthly chart isn't a pd, but are we going to see some kind of rebound or all of a sudden 97.68 on the index gets hit the pink line and then you suddenly see a break above 97.76 at a source to try to go green again, I'm not so sure this H pattern says you got to respect that and look at the British pound over the coming few days, where's the British pound waiting for that, very strong, I'll be back by the capital 60 sbs of 120 and we've got an hour and one hour and three quarters to go before the fence, 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. 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Now toll free at 1-877-927-6648 internationally at 727-873-7618. I remember back so what we're looking at is gold is up seven at 1475 it's stuck in a range it can go all the way to the 1485 1490 area and that's still in the range but if it starts to trade and hold I'd say maybe two out of three sessions consecutive sessions above 1492 that I have to consider as a really strong breakout in the daily and that'll help the weekly start instead of the flat stochastic which is at 15% and really just saying I don't have any strength there's no momentum here this is just bounces are going to fail that stochastic will start to get to 19% 22% and that'll be a big change I still think that gold there's a little way to go but of course the Fed's gonna announcement is going to do quite a lot and so keep it in mind those are the levels to watch and I'm not sure that gold will break down at this particular point and go underneath the lower 1450 in the continuous contract from the 12th of November I think it's a slow process of coming down to that level if there's no stimulus by the end of the day to really push higher so that's important let me just show you once again that British pound for this peak see I I'm going to should I do that make this a chapter wave phantom peak see red and then make this deep because everything about is looking I'm gonna say with the see peak see in the daily leg see in the week you're fantastic move up when you consider what it took on the way down they say can one two three sessions to get three months to get to this high and it took one two three four months to get to the low so it's within that bar this is really a nice v-shaped pattern with the MACD and stochastic in the weekly and holding very well and even the monthly MACD is better stochastic store very weak at 47% but it has improved a lot so what happens with the currency is going into next week is going to be really important EUR USD let me do this I've got a couple of questions that I have to answer immediately you're holding well but here again it's just like the goal it has to get to the 1.1 ish area that's trading at 1.109 not 1.1 1.1 1.1 area maybe even 1.1 2 area to really start to show that it's got the kind of strength that is maybe sustainable for a change instead of always fading and USDJPY should be down and it is down it's down minus 0.07 and 108.66 made a peak D high remember important look at the peak D over there look at the peak D over here big pullback leg D in the weekly could be making a peak D we'll see what happens on Friday and I'm just saying that it's stuck in a range it hit that target of the 200 period moving average of 109.46 went a little bit above that and now it's pulled back so it's digesting those gains so crude oil right now crude oil was down on the last look it's down huge down 61 well huge ish at 58.63 pulling back from that that you remember I drew this in I said this is going to be like a leg stalk leg body you could get the neck and then you could get the beak as it comes back into the range so we'll see does crude oil get back to the 57 level it's a 58.61 well does it break out to the 60 I think right now it's more likely to pull back a little bit there's the sideways move in the weekly chart and TLT let me do this TLT I give it it's just stuck in a range the TLT the TBT so that's the Lehman 20th Treasury Bond Fund and then the two times short they both stuck in a range and I just think that yields are just at this particular moment sitting in a sitting in a level that says slight bias just for a little while to the upside but if this stock market in other words if what happens over the next few days if it's very positive there's so much resistance on the upside you can go up but I suspect that we really close to bumping to a lot of resistance I showed I'm not going to do it again today in the Chapman automated resistance levels on the upside there's a lot of resistance doesn't mean you couldn't go 200 points even 300 points but that's where you start on the down that's where you start to get into a really great deal of resistance that's a big move but it does say that I think the upside is limited just from the moment I'm saying the downside might be limited in the same way but not if by Friday's close and certainly going into Monday you see a sharp drop in the Dow is at 27 8 to 4 right now if it starts to drop about 150 points from you over the coming days and the S&P drops about 15 to 20 points I think that we can start to see the TLT find money as the volatility meaning the down move in stocks finds some security in the in the TLT the so-called safety of bonds I've done that now Moe Moe is a dividend stock I'll cheer I meant to look it up didn't have time I can't remember one of them is more the foods and the other is the tobacco and I'm looking at this and I'm saying that that's a leg C weekly and yesterday we I had there we go so Kevin want to know about he's doing options related trade it's got dividend coming up I I'm looking at this because the more I look at different dividend stocks over a period of six months the less secure I feel about these dividend stocks three months I feel a little bit better but six anything can happen with it like Chevron all these others so let me just say it looks to me like Altria trading at 50.40 up 35 cents I could call this a G slash C I think it's gonna make a nominal new high and I wouldn't be surprised if it's stuck between the 52.50 on the high side that would break a little bit higher and it actually holds very well between the 48 and the 46 area on the downside so I see maybe two each points on the upside of this stage and then I see about three points ish to the downside stuck in a range and that'll change if at any point for one whole week if Altria Moe is a symbol starts to trade in the 52.70 area and holds that level as support on a closing basis for two out of three weeks then I think it's going to try for the 200 period moving average of 55 my eye says it's getting a little bit tired just on the shorter term and it should have some kind of a digestive phase next question I have wasn't the question I posed the question Casey's continuous contract of crude of coffee now for people to trade when I'm going to look at just the continuous contract they're looking at the different months there's a whole thing that goes on I'm just looking at it as a chart formation it's a spectacular move coffee's gone from the 96 level on the continuous contract to the high today of 136 now you tell me that on any percentage basis any chart formation is a spectacular move so I drew in a rectangle here saying at this doji kind of candle we did the days young anything can happen but this doji candle says yeah you could go a little higher you could probably go to the 137 130 80s area but I wouldn't be surprised if we start a consolidation that it's a really positive chart so consolidation could take a little bit more time not so much price and then be stuck between 132 and 126 and that should be a base of support and a little pop-ups to try to make new highs but mostly it's going to consolidate that's the way it's looking now but when it comes to commodities sometimes the power of the tide is so great because of extraneous conditions to me at least but they could be very internal conditions because it could be weather related it could be shortages it could be anything so I'm just saying on a purely chart basis I think it's ready for some kind of a consolidation I wouldn't be surprised if a little couple of pops to the upside but it keeps coming back keep testing the 129 to 126 area over about two three weeks that's kind of my thinking the next thing we're looking at is I'll think about that in a moment about gold and South African production I don't know what's going to happen there I'll be back down 53 SMBs of 1.8 since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting 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 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brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com I'm on my back so we're looking at we're done with the coffee I want you to do yeah I had a couple of quick comments in the den one is about the S&P could it could it have a tumble because of the Fed today everything about the technicals if I look at the magdean stochastic if I didn't hadn't developed this other way of looking at it would say to me yeah this definitely could come back and full at least full the gap and go to the 31 somewhere around 31 20 31 18 but if I look at that 9p moving average we're just so close to turning down and now it's drifted up it's saying there's still internal strength so it's going to take a move I can tell you right now of at least under 31 16 and the S&P to get the 9p moving average underneath the black 14p moving average and then I think you're free to say yes now we can go at least test the gap and that gap is just below 3102 from the fourth from the spike high from the day before turnaround day so that's the way I've been looking at it but right at this particular point it's just saying there's a good cushion in the 31 30 sorry 30 yeah 31 20 22 20 area just at this particular moment so that's the way I have to look at it so it's going to have to be you need that let me just do this again you need that bad news cloud cover and so far it's kind of been foggy it hasn't been really bad uh this bad news cloud cover look we're getting closer and closer to the other it hasn't turned down in the Dow but there has been a lot of news some of it has been potentially bad news but it hasn't even been bad that's the reason why I'm looking at this so the question is so what what exactly is going on oh yeah is as strong as this week where where are we here um I always say the SMH as a semi is already the leaders that looked like they were weakening the other day I was wrong about that today they're up to 16 and 135 78 it's at new all-time highs and that's saying there's some kind of internal strength don't ignore that but I am looking at this particular Dow chart and I'm saying this is a chart that suggests that at any point pretty soon we should get in fact now I'm going to move this on to make it as fair and equal to everything else that I've done before because I've chosen the high not not in between the rectangle and new high so I'm making the high of the all-time high of the 27th of November starting the rectangle even though we've gone below it I'm talking about the rectangle remains in place until the nine crosses below the black line so that would be one two three four five six seven eight nine ten push it in line with the others which we had 14 before that was the September one the July one was 13 before the nine period broke down and the other one before that I think was 10 yep 10 for the one back in April let's just see you know it's it's a work in progress as everything is in the stock market because nothing is ever exactly the same even though chart formations never they always repeat because they just fractals of human nature and fractals of smaller smaller and bigger chart formations arches cups and straight lines there could be the cup could be a v-shaped pattern but basically it's the same game for one point down then back to that point how does it test it does it break or does it fail so that's the that's the question there so he hasn't got something I was about very close to giving a buy signal for subscribers to my opening call right here at the close on the 2nd of December I'm looking at this chart and I say CLF wow it's an old old Cleveland Cliffsord used to one day once upon a time it had the most spectacular move look look at that it was up in the 90s way back in 2011 had a little bit of a tumble went down to I think it was pennies yeah $1.16 in January of 2016 but now it's trading at 8.89 of 34 cents however I look for this and I I said oh I love that I love I saw I said go buy on the ticker and I said oh haven't looked at CLF for a long time uh Cleveland Cliff Inc. in the oils what are they okay steel or something like that um anyway I'm looking at the chart and I said maybe on a pullback but it gaps down the next day one day it's trading at it closes at $8.45 with a high of no $8.45 was the high it closes $8.41 I'm saying just a little bit of a pullback maybe this is going to be good because the week is starting to improve have a little patience next day I'm looking I didn't do anything I just stepped back and I said okay let's just give it a day because it's leg D anything can happen at a PD and boom it tumbles to $7.08 you know $8.45 to $7.15 a dollar oops yeah that is a huge percentage move and then it makes a v-shaped recovery and comes back I saw it here and I thought okay that's good and then someone had mentioned that it was wanting to take over aka steel another one that we've had on and off periodically look at aka steel ak steel is traveling up in the 354 area up 13 cents today this is a screamer I should have had it on my list of screamers I should have actually held it right when we had it earlier on it goes from the 246 level double bottom 246 if I remember correctly yes 20 20th and 21st of November starts a brand new move and it goes peak APP and it's still in leg C it's still going to make a D so yes and still creeping up up up peaky in the densities I said no not creep percentage wise these even today it's 3.81% on the day and look it hasn't stopped so what do you do with stocks like this is a particular way that you do it either close your eyes and you just bite at the open and you put in your stop and and then you just don't even look and you have to have a little room and a little patience and what happens if you're right it just goes on green and it goes on green keeps doing that until one day it fails but you do that because the gains allow you to have your stop in with a one and a half percent maybe a two percent risk but it makes three and a half or four percent on these big moves every single day it's a very low price stock three dollars and 54 cents but you have to be watching it in the sense that that opening price is very important because if it slips on the opening price that can be a problem see look each one of these each one the wick is being covered even if it's by a fraction look on the ninth the close with a high of 335 it closes at 332 the next day the low is 332 pennies lower so you've got to be able to be it's a gapped up so you've got to be prepared for that but these are what i call screeners scre mers we had one uh well we've got one that's in play a bts i we've had this for a while and it just makes a stethic move and then it just screams to the upside because the low price stock well it went to a peak e doji high 7.01 we've been taking money off we have only a little left and then this morning out of the blue it opens lower it opens at six dollars and eight six dollars and 82 cents and it powers up to six dollars and 88 cents that's a big move big percentage move and now it's come down again so i'm just watching it we we we're very light on the stock now because there's a peak e in the weekly chart it's called bio delivery service sciences uh 634 right now trading down 11 cents um and these these things can work very nicely we had another one that was 8kba the day we didn't have it is the day it actually had a huge move to the upside yesterday we've had it a couple of times and it stopped dead at 656 so these little screeners can do and you know they could be nice trading vehicles for the short trip i'll be right back puzzle trapper does down 56 sbs down one and all up one and all be right back 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 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investments dot 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 8664767523 the prospectus or summary prospectus should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc 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 for the latest to market information yes i had a question what is a akba what symbol it's training at 629 down 12 cents it's called a cabir therapeutics ink and it's kidney diseases that's their their specialty and if it makes it if it can go one penny above six dollars and 56 cents is peak b in the daily peak a in the weekly it goes to leg b in the the weekly leg c in the daily and it starts a new brand new leg a in the monthly chart with the technicals for the first time collaborating with the shorter term daily and weekly to say yep we're not turning up and it means that maybe you finally got a basis it doubled from 299 low the week of the 15th of November to in two weeks it goes from from about three to six 56 so i wouldn't be surprised in this rectangle lost a little longer but i wouldn't also be surprised if it sneaks a little bit higher then pulls back but just keep it on your list it's it's it's it's doing the right thing at this particular point we're trying to get these things for them for the big interday move and then just raise your stop you can get out of position after position and and it's kind of fun to do as it works out and you must put in a really tight stop because they're either going to work beautifully or you just want to be out so like a like a 1% or 1.5% out so let's go do a couple of things here um so you have that whole thing with the clf is clf i believe is a want you to take over ak steel so that's and too for them both to be moving up like this it's a very good reception to it the slx is acting much much better now um slx is the vex fan and vex vector steel etf a lot of these charts a lot of commodity charts the monthly charts it's actually starting to perk up a little bit so what the fence says how the market reacts how the commodities react how the dollar the euro the um uh gold um silver i mentioned yesterday and actually a lot of people asked me about silver last night i i can see it bouncing but so far it's really not a great looking chart looks like it just stuck in a range at 16.83 up a little bit up 13 cents if silver can start to trade i made this very clear in the 17.58 to 1763 area just out there just to get get gets out of the uh the 16s and into the low 17s and then turns the low 17s into a base that's where you can see the first decent move in a long time since the september high of 19.75 um that's the first time you'll see some strength return and that makes the 17.64 um weekly 200 period moving average this orange line right here as a magnet that then it'll be a magnet right now it's nothing it's a repellent if anything okay so uh i think i've covered a chunk of the questions and more more likely is um the aspects that i want you to do but this is amazing look at this cosco oh made a high at 307.10 well that 307.10 uh in november had a high of 307.34 in september and it dropped sharply to the 280s and i made a note of how remarkable it is that we've seen so many of these v-shaped recoveries in many stocks i haven't seen it in this many stocks with this kind of with time a time delay going back and what i wanted to mention here look at this look at this stock mrk murk it has a had a high what's the height today 89.49 well let me squeeze this and you'll see something absolutely fascinating murk all-time high was in 2000 in november of 2000 it went to 91.50 it dropped down to the 20 level and now it's right back in this beautiful cup formation let me just draw this in so you can see it leave this cup yes the fulcrum the low point is not in the middle it's a little later on as a particular candle that i like to use but look at this it says that by january and there's a chapter we've inside wedge target uh resistance line and that said that it should take until until january this green line is suggesting that there could be a rally that takes it to 91.50 what has gotten ready to the high of 89.53 89.53 is that amazing is that amazing look at that beautiful cup formation look at microsoft did the same thing except for one little aspect msft microsoft did that back at 53.97 i think that's with splits and all but 53.97 way back in i think it was january of 2000 pulls back a little bit down to 14.87 and then it had a right side move that i took from there to there and it did it and it touched 56.80 i think it was so it went a little bit above and then it went three times higher to the most recent high it's down at nine cents today but look at this and talk about re re manufacturing re reformulating reconfiguring look what they did they changed their stripes completely now it's an incredible company and last month it had a high of 152.50 so far it hasn't taken that out i just wanted to show that if there's another one as well um let me show you right here and this is one crisp i'm always fascinated when i see the name goodbye i just i never remember what they do had a 73.90 all-time high in may of 2019 plummets to 22 i tell me that's not a drop and we're low and behold it makes a high of 74 round number for november and so far in december isn't that incredible and it's look it's distance it's not like it was two days in a row isn't that interesting and look it stopped there looks like they're trying to just showed you now of akba which ended just the little double top so i'm just fascinated look at this you've got september of what i said once this is goes to may of 2018 how does it know to get back to the exact price and now it's stalling it's making this arch formation so we're going to see so we've got the fed coming up in about an hour in 10 minutes what very often happens is regardless of how high or how low it goes by the time you get to 12 30 12 45 the prices start to narrow the s&p has a fairly narrow range the dow comes if it was down it comes back if it was up it comes back down again and they sort of stall waiting for that news bam the news comes out and you get your reaction and as far as the reaction is concerned yeah you might have to wait for pal and i suspect that pal is going to show his independence in words indeed the feds feeding the the whole bull market that's what it's all about but in words i think he's going to do he's going to talk about independence and he's going to kind of hint that there have been some very good reports kind of that have been coming up over this earning season and that he respects them and he's going to be following them closely because if that kind of strength is maintained then he might not have to lower rates for a while something whatever it is that he says and if he says something like that that might be a negative for the market and if he did whatever it is if it's interpreted positively by 245 30 minutes after the the beige book is out the market could be up 80 or 90 or 100 points and if it's not so good you could be down about 80 or 90 but i'm suspecting that the market is trying to hold off until monday when you get all the news that's that's fit to print coming out and then you're fresh for the december end of the year whatever's going to be 2021 s and b is up to i'll be right back bezel traffic tiger issues hour one segment coming up i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing 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 and p 500 for the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools that i use that is transform me into one of the best and 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 better sleep stress reduction and the need to detox nika our 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 ionic soil 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 miracle molecules because like sunlight air and water life cannot exist without them that's right page 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 page 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 if you look at the dreaded age patent the lowercase aces arch formation in corn I was asked about it and another person asking me has had really great success in actually buying with really close to lows taking taking on that risk because they've done the assessment but it's a 371 or three quarters in the continuous contract which must be fairly close to the price but the low that was made the week of the 7th 13th of September of 363 I would have to wait and I would much rather be buying a turnaround maybe you'll get it with with with a tariff or whatever it is that's coming up but I would rather be buying some strength now if you want risk reward I don't know your percentage sure that you know your stop but I would get as close to 363 as possible because that it has one week if it breaks that it has one bar in which or two bars at maximum to turn around and close above it so I get as close to 365 363 and I'd have my finger on the trigger and as there's a v-shaped pattern I'd buy that I'd buy that turnaround and say okay now you've got to go back and at this time in the very short you're going to get back to the low of the 27th which was 373 so it's it's wow this is that dreaded H sorry this is the Eiffel Tower look at the monthly goes straight up makes a peak a minus the A pattern is where you go straight up and straight down like the Eiffel Tower according to Eiffel Tower and it broke to a lower I'd be real careful I don't know what's going on with corn but it's dangerous that's all I must I wait to buy a little strength so folks for another hour just over an hour and you get the Fed just watch this real closely in fact you can use the VIX index just it's not a pop-up you want to see a close if the VIX trading at 1578 closes above 16.35 16.50 in other words it takes the news and it's not it doesn't take it well and VIX is starting to move up and the Dow is now down maybe 75 points S&P's down maybe seven or eight points then I think we get a bad close and allows a Thursday but you've got to be careful because it's the opposite and the VIX at 1577 slides under 15.30 and the Dow's up about 80 S&P's up about nine or 10 that means this should be a good close this is a this is a next few days are very important I'll be back tomorrow at 8 a.m. to do my show to be pre-recorded so have a wonderful day check out my open call check out the titan