 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento toll-free at 1-877-927-6648 or internationally at 727-445-1044. Now, Larry Pezzavento. Hi everyone, this is Basil Chapman, sitting in for Larry Pezzavento. I'm usually the host of the Tiger Technicians Hour at noon and my service here at TFNN is to have the opening call, very comprehensive daily newsletter. And so it's my pleasure to sit in for Larry. He's having some internet problems, as you might have heard yesterday. It was producing a fabulous show, but it just suddenly got messed up by the internet access that he has. I think he's in Hong Kong right now. And for some reason, normally it's good. This particular time, internet problems. So let's go through a couple of things. The Dow futures, those are the e-mini futures up 12.75. You can see the charts that I'm showing here. I have a Chapman Wave automated resistance and support levels. In the two-minute chart, 2817 is good support. 2822 is the resistance. In the five-minute chart right here, you've got a lot. 2818.75, these are not incremental to the futures contract of being 25 cents in terms of the support and resistance levels. So it just gives you the number. At 2817.30, 2817.08 and 2816.50, that's all support. The Dow futures at this particular stage are up 131. So this should be a bounce day. How big the bounce is going to be very important. It was up a little bit more at the e-mini was up at 2823.75. So about four points higher. Earlier on then the 830 News report, the economic report was U.S. January case, Schiller, 20 city, house price index 3.58 percent versus the anticipated 3.8 percent year-to-year. I don't think that that's bad. Just about 22 cents lower, 0.22 percent lower. We'll see how the market takes it. So a couple of things I want you to do today. Larry's all about the futures and the different aspects of the commodity sectors. Let's just do this for the moment. In the commodity area, let's just do it in terms of the not the stocks and the indices. The bonds are down 9.30 seconds at 148.23 seconds. I wonder if I can find this. Let me just see if I haven't got knocked it off here for my own work. Oh, man, I think I did. No, there it is. Good. So in the Chapman wave, just a real simple explanation of the Chapman wave methodology. Try to identify the lowest, most obvious low bar and merely count each successively higher peak. Each peak gets labeled alphabetically all the way from a peak A up to a peak G. It's that that fourth highest peak, peak D, that other things can happen. That's just the simplest way of doing it. All right. So let me just show you one thing. Don't make this too confusing. Within this context, if you look at, I have to find in a different place, but I'll find it. If you look at the patterns, I consider there are only three patterns in the market. It's either straight up and straight down or there's a cup or a U shaped pattern or an arch pattern. And this arch pattern very often takes the form of a lowercase h. The principle simple straight up, straight down, or you go from one left side point down and you come back to it. Or you go from one left side point up and then you come back to it. So it's cups, arches, straight lines. I like to make it as simple as possible. Hey, look at this straight line right there. You had your V shape where your cup formation is actually a cup and handle and then it broke out. So leg C, I'm waiting for the D to be in place above 149.23 seconds. That will start leg D. And then we go to see what happens. Leg C in the weekly chart still very positive, meaning that the bonds are very positive, yields are very negative. Let's go on. Let's look at a gold. At this particular point, gold is down five. It was down a lot more earlier. So 1317 had a fabulous day yesterday. There's that leg D. Now these can go to E and there's an E in the weekly chart right there in the daily chart on the 20th of February at 1349.8. It drops to right down to the 200 period exponential moving average exactly twice it hits it and then rebounds strongly. For those of you who are not used to it, this is the magnitude of the moving average convergence divergence. This is the slowest stochastic. The blue line is the unbalanced volume. This is the weekly daily on the left, weekly on the right. So weekly in the middle on the right is the monthly. Look at the gold chart. When you look at it in the monthly chart, it's making a huge bowl formation. Bowl is not a cup formation. It had the lower case H. There's that first arch. There goes to a second arch to make an H going to an M pattern. If that holds well, which it did, you can start to see a very slow move to the right side. And that's saying looking out. I really mean looking out longer term. Gold should do very, very well. In the shorter term, meaning intermediate term, it's kind of stuck between the 1400 and the 1150 area. I'm talking monthly. These are big, big moves. But it's kind of stuck. And the weekly chart says, hey, wait a minute. This is pretty darn good action. The stochastic has pulled back sharply. It's down at 59%. That's not a good sign. The MACD is acting well. But it's making this little, I call it an M shape formation. There should be a little bit of a move to the right here. And then it should cross negative. So I'm anticipating that gold is still in a consolidation phase in the weekly chart from the high that was made the week of the 22nd of February 1349.8. Let's call it 1350 to the low that was made the week of the 8th of March at 1280. So it's kind of in the middle of the range. And now it's getting to a little, a bit of a point here where it says upside might be a little bit hesitant. Let's see what happens. Certainly a break into the 1330s would be excellent action. So look at the silver contract. This is the continuous contract for the silver down 0.06 at 15.50. It's gone to a C. I think it should try to make a leg D above the 21st of March high 15.65. I think 15. Just about 0.65 will start your leg D. 200 per moving average at 15.60. Look at the card's been resistance. It was support. Then it became resistance and it's still resistance. I think it's going to be resistance a little longer. It's a casting scoop, but only at 69%. The on balance volume says there's no real forceful buying in the volume part of it. And one of the reasons is you see how choppy it's been on the way up. And that's reflected both in the relative strength index and the on balance volume, the blue line. Same thing in the weekly chart. I think it's just stuck. What's really important to me is that the dollar has, and all the pressure has held well is now up 11 cents. We've been long for about a year. April the 4th went along for my subscribers and opening call at 90. And it went to 97.71. Dropped to 95.74. We've taken just a little bit off because I really do like the weekly chart. My belief is that the American economy is still the best economy. And my impression has always been that currencies of the country that's doing very well tend to have good currencies. Maybe I'm wrong, but this is just the kind of a belief that I've had. And I think that that favors the dollar. Countries are buying the dollar because they think it's the best currency. I'll be right back. Basel Chapman, Tiger Technicians. Larry Persevento sitting for Larry Persevento. Trade what to see. I'll be right back after these messages. Futures up. Now up a hundred. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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You can still visit us at the same tfnn.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Toll Free at 1-877-927-6648, internationally at 727-873-7618. Well, Mozart, over to you there. Great. So we're looking at the QQQ's up $1.27 at 179.49. Hit the 14-period moving average. It should bounce. It's got 178.22, no, just above it, 178.32 resistance, 9-period moving average, little green line. I think it can move all the way to this trend line resistance of 179.90. And then, 180.30, I think will be the strong resistance. That's just my impression as I see everything right now. I just wanted to go through these things. Oh, I wanted to show you this. Look, wheat came off the bottom very nicely. It's in that leg D. A pretty quick peak A, peak B, peak C, leg D right now. The mag D, the moving average convergence divergence. The histogram, everything's looking good. Stochastic stuck at 91% for a couple of days. I like it's why I have my subscribers in a particular fund that really takes the grains and we belong for over a week or so. And some people were actually lucky yesterday to be able to get it on a little dip pre-market. I like that. So wheat is looking good. It's trading at 474 up four and a half. Corn is also looking okay. It's down three quarters at 379. It's already only in leg B, but a very strong move from the 361. 361 round number low. I should put that in. Well, that's a continuous contract. So it's always going to be sliding round number low. And it's gone all the way to the 380 level. I'd say 20 points is pretty darn good. It's about 8%. And it's slowly in leg B and the weekly chart is not great. It needs a lot of work. It actually needs the 384 to 388 area to be hit in the next two weeks and without testing 372. 375 is the key support now. And the soy, the soybean is trading continuous contract. Not well. It's down three and a half at 903. It went to a peak B. It's arching over. This is going to be the question. There's a big rectangle formation, long rectangle formation in the weekly chart. What is it going to do? It needs, it better hold the eight. It better hold 900 to 897s and then have a really quick move back into the 908 area or higher. And then we'll see what happens. I want you to also show you the LT, which is LT. No, LC. LC is the live cattle continuous contract, April contract sharply low. Now this is a pattern we've seen in the Dow, the S&P, a little bit in the IW, we've seen the IWM a little bit in the Qs. Where it went to a peak, in this case peak E, in live cattle on the continuous contract, the first of March at 130.45. It plunged down to the 125s. Then it ran up again. And I have to call because it made a slightly new recovery high instead of the 130, what did I say, 130.45. It went to 130, oh, double top. I didn't realize. Double top. So this is gray. It went to a double top. And that said, if there is a pullback here, that's a double top V-shaped pattern. And that's very negative, especially if the magnines to cast a go week, which they were. So this says to me live cattle has made a double top in the weekly chart at a peak D. And there's a real good chance that live cattle is going to go from the 127 level where it's at right now. Test the low that was made back on the 12th and 13th in the 126s. My suspicion is that 124s will be the next level that we're going to watch. If you look at KC, which is the coffee. Now these are things I don't normally do. We're looking at stocks trade. That is for my subscribers. Occasionally we'll do something in the commodities commodity area. We once had for a very long time the DBC, which was more oil based. It's the fund that is the commodity fund. And when Crudeau was doing very well, it did very well. So yes, KC. And this says to me now I'm going to go to my automated Chapman wave and notations. This shows you the support and resistance levels. This is an automatic program base that I had someone built for me. And that says that at 469, there's tremendous support in the 10 minute. In the 120 minutes, it's at 461. And the resistance is at 470 to 481 in the daily chart in wheat. So I'm looking at this and I'm saying, okay, that's very good. Let's see what it says in the KC, which is the coffee continuous contract. And it says coffee has a lot of support, automated support in the 38, 93 area. 92.89 is the, this is a memory, it doesn't know about 10 cents and 25 cents interval. This is trading. And 92.89 is the key support in KC daily. 92.85 in the weekly and the monthly doesn't have anything, just a straight down move. That says this is the first opportunity that you've got a support level. Broken through the near term resistance levels, 95.91 is the resistance in the 120 minute chart. Very nice candle. Will coffee make a bigger break? No, not until it starts to trade above 96.80. Once it can get to the 96.80 level, it says it's into this ugly candle of the 20th of March, which had a high of 96.80 and a low of 94.35. So that's going to be very important. A close below 92 would be very negative. And say, yeah, we could base a little bit longer, but it's not a good sign. It's going to move right now. So that's that. I want to also look at, all right, let's look at the, before we go to the first big break, which will be the 930 timeframe, we're looking at, there we go. So let me do the same thing now in the, at ES is the continuous contract of the futures in the E-mini, says that the resistance we saw in the 2854 to 2861 area was perfect because the high was, in fact, 2866, round number high in the futures. So it went just above that. And now that is a very strong resistance. That's on the daily chart, weekly as 2825 is resistance and 2816 is support. The 120 has 2840. And this weekly has a whole series of resistances above 2859 to 2877. And the 2252 is major support in the weekly. Let's do the same thing for the YM, which is the Dow futures. The Dow futures has 25745 as the 10-minute chart resistance. It's at 25721 right now. The daily chart has 2600 key resistance and then 26317. And we're right in between that and really pull back Sharpie. 25481 is the futures support level. 120-minute chart is 25854. It has resistance quite a lot higher. So I want to just go through those just to show that sometimes we can use some automated instances of looking at support and resistance. Now this is what I want you to look at in terms of today. The VIX index hasn't really, especially since there was that 400-something point move on Friday down. The VIX index went from the 12s. It went from 12.37 on the 19th to 17.85 on the 25th. That was yesterday. Announced pullback is trading at 15.63. We'll talk about that later on. We've got a break coming up and then we've got the Dow and the whole market opening up at 9.30. Basil Chapman, host of the Tiger technicians hour. Sitting in for Larry Pezzavento. Trade book to see. I'll be right back in a few minutes. We'll start the real market day. And throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date, active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24.7 is something that you must try. Right now, new subscribers can get a full 30-day money back guarantee. With nothing to risk, sign up now to Larry Pezzavento's Fibonacci 24.7 by visiting the front page of TFNN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his Path of Lease Resistance newsletter. 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Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, and months to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner at www.thfnn.com Thousands of people are sitting here for Larry Pesavento. Let's see what trade you see. The dow is just open. The dow is open. The dow is up $189,000 at $25,706,000. Up $192,000. That's very strong. The S&P is at $2817,000 up $19,000. It's a very interesting day because we've got Boeing adding to the dow. Boeing is up $4.5 and $374.70. I said to subscribers this morning I think that Boeing has a relief rally. There's a lot of stuff going on. I don't see Boeing breaking away anything but in the context of what's happened recently it held the 363 level that was hit two weeks ago very nicely. It went to 361 yesterday 361.5 and now it's at 375.20 and I said I think it can go to the 9th moving average of 374 maybe even 382 the 14th moving average and then it might have to take another breather as all the news comes in. So let's just do this. I wanted to go through a couple of things because I want to wait for the starter of the show. Now the question I had it was a question statement about a head and shoulders pattern let me just go through this the traditional way of looking at a head and shoulders is that you get a baseline there's a peak made and then that's called the left shoulder because there's a move up that you call the head and then the pullback shouldn't by much take out the left side low of what we call the neckline and that is at 150.13 the low of February of 2018 but we didn't we smashed right through we went to 143.46 that is way lower so this is not your traditional head and shoulders you can talk about it it has the look of a head and shoulders because it made a left side at 187.52 it made a high of 181.75 182.21 sorry about that let me just do that put that in 175.21 I thought there was some problem there and then it went to 187.53 and then it pulls back very sharply down to the 143 level rallies up and where does it go to it goes to the high peak F slash B high that was made on the 21st of March 182.83 so this is if I had to give it a name it would be the deathly diamond what is the deathly diamond there's a pattern that I always chuckle at because I just never see it work out I've seen in work out maybe once from a particular left side point it has a rising trend line it has a declining trend line then from the top it has a declining trend line and from the bottom it has a rising trend line and it makes a diamond formation and the rule of thumb is that if it starts to break down and it goes below a certain point that is terrible action because it's going to not only take out the low on the left side it is going to make a one to one to the downside I've hardly ever seen that actually work and on the other side I have seen it work on the other side breaking down it actually goes and retests the all time high or at least the major high on the left side so I'm going to just I'm dealing that because I keep getting the same question about you're not going to talk about the head and shoulders I've spoken about I explained it I showed it I showed the pattern as it is formally in Wikipedia this is just not the pattern it can eventually look like the pattern in the end but it's not the pattern that one trains because we've already broken under the neckline and if there was a sloping neckline that sloping neckline would take you way below 143 take you to the left side low that I'm targeting as absolutely critical over the next year that has to hold 135.80 so now InvestCo Trust trading right now up $1.63 really nice action now this is the thing that I am looking at within the context of this pattern if it starts to fail it gets the pattern that I was talking about before you remember the H pattern the lowercase H because that becomes a right in Chapman way parlance it becomes a right shoulder failure pattern it just says right shoulder doesn't say that it has to be a left side right side hidden shoulder it just says that right shoulder could fail and it becomes the H pattern arching over hasn't even come close to it yet but the MACD is very weak sarcastic is trying to rally your 50% but it's also very weak and that says to me that the hi-hat was made just four days ago in the QQQ which I didn't type in here 182.83 on the 21st there we go 182. did I say 23 3 21 I'll have to go and check it just one second I'll read it one second I forgot it so here we go try it again 183 was it 183 182.83 that's I think we can have a tough time breaking that at this particular point let's see the day is young so within that context the QQQ having a very nice session now let's just go back I want to see the E-mini so the E-mini was pulling back earlier on and now it's gone to a leg A, B, C it's in leg D the 2-minute chart and it is broken through resistance points this is very nice kind of thing you want to trade good alright so that is the 2-minute chart we're looking at now I want to go to a couple of things that I was asked about and I'll go to here the semiconductor index the SMH is trading right now at 107.15 let me just check something here I needed to look at it if you don't mind SMH 107.15 a really strong balance up 1.78 up 1.7% and that's one of the big percentage moves of any of the key indexes this says to me it's probably a failure pattern 110.60 higher than 21st of March I wouldn't be surprised if that's going to be it's going to be hard to take that out now I've spoken about this before I think I'll show it again I think it's worth it this particular chart right here and I heard I heard word from different people one person in particular who's actually been to the fabrication companies over the last couple of weeks everyone's talking about a slowdown Samsung's talking about a slowdown in the chip industry look at this this is the semi-shipment breakdown it has the global leading manufacturing index growth that's the blue line pulling back look how sharply the SMH is the shipping semiconductor shipments growth is it's at a multi-year low at this particular point and here is the SMH close to a multi-year high I don't know if that discrepancy is telling us yet that there's going to be an incredible burst of activity in the semiconductor area of buying in the next six months it doesn't usually work that way we'll see whether the semis have just gotten out of line here and we'll be coming back to the median point at some some some stage even if it's just back to 99 the 200 period exponential moving average they've just gotten away from themselves that's my thinking right now but we'll see because the technicals in the data are not strong the price is actually quite good but look at the weekly this is a very strong weekly chart I don't understand what's being said I don't know how it resolves itself in the end so Vousalchapacity, Ferrari, Persevento that gals up 214 recipes up 24 I'll be right back after these important messages if you're in the CD market and looking for a secure investment the Tiger First 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is a great time to try out a subscription to Tom O'Brien's Gold Report whether you just plan on diversifying your portfolio with some exposure to gold and gold mining equities or you're a gold bull that sees 2018 as the year of commodities now is a great time to sign up for the Gold Report Tom O'Brien publishes his Gold Report every Monday morning before the market opens and covers a variety of topics including gold silver, platinum, copper the XAU and HUI the dollar, bonds South African Rand as well as more than 20 of the most actively mining equities start your 2018 off with a bag and sign up for the Gold Report today the Gold Report is a long-term newsletter where the focus is on building real wealth through the management of a successful portfolio of gold stocks for all the details and to start your subscription right now visit the front page of TFNN.com and you'll find the Gold Report under investment newsletters will the S&P 500 continue to climb for bold trades US large cap stocks in either direction trade SPXL, SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective, risks, charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds prospectus and 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 for side fund services, LLC the bull bear S&P 500 folks we're back and we're looking at the estimation as I said before trading at 107-14 so let's take a look at a couple of them applied materials applied materials is trading at a 40.38 of 97 AB did go to a new high leg C in the weekly chart hey this is a stock it was a 62.40 March of in 2018, when the SMHs make the all-time high, they plummeted down to the 29 area, straining right now at 40. So it's had a really good rally from the low. I'm looking at this is going to be a tell because Applied Materials is one of the really big semiconductor companies. LRCX is the other LAM research. Also having a bit of a bounce here, it's up three at 182. We've got Intel. Now Intel is something very different. I believe that their product alignment is slightly different. That's the reason why they did so well for so long when the others were faltering. Let's see. Intel has gone from 57 back in June down to the 42s. It's actually had a much better rebound than many of the others. I think it's actually partially responsible for the SMHs move. I think it's a big weighting there. This is good action. It's up 90 cents at 53.68. That was a PG. I'm not sure it's going to break to a new high this week, because it will be really important. 54.99 was a high of the 21st. So that's one area. The other area we need to be looking at right now is, I had a question about oil and gas. If you look at the OIH, which is the Vectors Oil Services, that's had a bit of a bounce. If you look at it on a daily basis, look at this. It's just been in a trading band since somewhere around January, yeah, since January. It's been stuck between just under 16 and just on 18. It's just been in this range, and until it can get into the 18.40 area and hold there for about two, three days, I think it's stuck, and until it breaks down and goes underneath 15.80, it's just in this range. If you look at the OIS, I believe that's now, have I updated that? That's the oil state. No, I didn't want to do that. If you look at NG, which is natural gas, this is a continuous contract. It too has just been stuck in a range. And that's very interesting that you've got oil and natural gas. Very often they go in opposite directions. Oil and gas trading at 2.76 is a continuous contract. It's kind of stuck between 2.70 and 2.85 at least at this particular time. So we were watching that closely. I just wanted to get back to gold to see where it is right now. Now it's down to 7. It seems to me that gold is being used as a vehicle as part of the fear factor. If you look at the XLF, the XLF is up to that 30 cents and 25.52, kind of the MACD, pullback very sharp. The stochastic went down to the 14.7 area. I think it needs a little time. I think XLF needs a little more time in terms of resolving what's going on. I do think and I have a webinar coming up a week from tomorrow, Wednesday the third for subscribers. You can become a subscriber, go to the front page of TFNN and you'll see what I'm looking at. I'm going to be doing an analysis in time, et cetera, looking at when the XLF can finally break to the upside because I do believe that you will need the financials. You will need a Goldman Sachs, which is out 3 at 191 right now, not looking too great. You'll need a Goldman in the 220 area. You'll need the XLF, which is trading at 25.52 right now, at least above 26.50. I would have to say above 27.20 to get to the next phase, the buying phase where people start to focus less on the politics of what's going on, but in the market action so that you can get the IAI, the broker index, the broker dealer index trading like the XLF very poorly, I shares broker dealer trading, IAA trading at 58.47, up 75. I want to see it up in the 63s. Once it gets there, it means that people are now flocking into the market. This has been the most agent, mega bull market. I wouldn't say ever. I don't know about ever, but certainly in decades and decades, and you know why. It's because it represents something that the media doesn't like to talk about and that is that the market is doing very well. People's portfolios should be doing very well. Maybe things are not quite as bad as being made out every single hour of the day. That's really the issue. So I'm looking at this and I'm saying those are the factors that for me would say that the general public is coming deep into the market. If you look at something like, what is that AMTD, AMTG Ameritrade, TD Ameritrade, that's not good action. Two weeks ago, it's up in the 57s. Now it's in the 49s. This is just not good action. I want to see people coming into the market. I want to see Ameritrade, TD Ameritrade trading up much higher. I want to see the fact that people are now looking at the stock market as not just something you quite to put money into every month, but something that's a viable commodity, something that you can actually use, feel and trade and do things with. And that's going to be very important. That would be a phase that I'm looking at what I call a Coder phase. And I think that that is coming up. It's going to take a little while for everything to get together. I hope it does take a little longer because I wanted to have legs when it starts to move to the upside. All right. So if you're looking at the IYC and this looks, this is kind of Amazon-ish, that's the IYC's US Consumer Services ETF. Now the highlight was made at 205.69 on the 31st of March. Had a pullback to the 200 area, 201. And now we're trading at 203.36 up $1.15. It is good. And the weekly chart is still very good. So how this resolves to the downside is going to be very important because the daily and weekly charts are one thing. But that monthly chart technically needs a lot of work to break out and to go to the 213.17 high of October. But going from 213 down to 168, what's that, 30, that's 45 points. So it's a 20, almost a 20-something percent pullback in this particular index. The IYC, US Consumer Services ETF. And of course, if you look at Amazon, where is Amazon today? Amazon having a nice bounce up 24 at 1798. The MACD's strong stochastic is very good at 85 percent. The weekly is improving. I like this. And it says to me that these tech stocks are benefiting from statements that the Fed had made, et cetera. Let's see what Johnson and Johnson is doing. Johnson and Johnson. Oh, very nice, up $1.54 today, 138.14. All the very well over 50 percent retracement from. It went from the high back in December of 148.92. It made a, I don't know how markets make this. Look, January of 2018, Johnson and Johnson, J&J goes to 148.32. Has a little bit of a tumble. It goes down to 118. From 118, it spirals back to what? 148.99 in December, 67 cents away from that all-time high. And then it drops so sharply. I'll talk about it when we get back. That was up to 27. 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. 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For more information, just click the Think or Swim banner on the front page of tfn.com. Hi folks, we're back. Basil Chapman's saying for Larry Pazavento and the Johnson and Johnson up 159 to 138.20 so it made that V-shape 69 cents to something above the previous high from January of 2018 a year later. And then it has less than a year later and then it goes boom sharply down to the trend line support. This is gonna be very important and it's got a Chapman wave down channel right here. This is the resistance from the Chapman wave inside track resistance. If Johnson Johnson at 138.20 can get above this candle right here 21st of 138.78 that'll be very positive. And then this becomes a V-shape pattern or a cup formation says it could retest the 140 round number high. I always love those round numbers that was made just three weeks ago. All right, let's make this real short because we're about to wrap up. I'll be back again tomorrow to do Larry's show. My show at noon, I'll be doing that live. Got to zip downtown and come back. I'll be back in what is it? Two hours time, yep, two hours time. Watch this closely. The VIX index. The VIX index has pulled back a little bit. It is down $1.25 at 15.08. If by one o'clock this afternoon when I'm finishing my show Eastern Time, the VIX is below 15 and the Dow is holding at 227 right now is above 240. That's going to be very good. And that's going to say there's a chance that we follow through this rally into early tomorrow. And then we've got to be careful. I think there's a turnaround. So for those subscribers asked me the question, do we stick with the plan? Absolutely, stay with the plan. We've done the one thing. We're waiting for the other. If the other doesn't quite get to the level that we want, tomorrow we'll deal with it separately and probably in a separate way. The third thing when I was speaking about the option, I didn't think we could get that option so pretty. I should have done it yesterday. That's the way it is. So we're about to wrap up. And before we wrap up, let me just say that certainly it's a pleasure being here. Watch closely. Watch the TLT had a spectacular run. It went from the 121s to the 125s and trading at 124.80 right now. I think it's going to go to one more higher high in the next couple of days above 125.94. And then we're going to see if money comes out of the stocks into bonds or this reversal. Have a great day. I'll be back at noon. Otherwise I'll see you tomorrow. Have a great day.