 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, Early Bird Special. This is 8.06 in the morning. Usually it's 12.06 in the afternoon. This will be recorded. I'm doing half an hour. And we've got the Dow yesterday closed at 29,232. The futures at this particular moment are up 89 at 29,300. That's a good sign. When I did my webinar last Thursday evening for my subscribers, you can go to the front page of TFNN. You'll be able to check it out. If you want to try my opening call newsletter for a month, you'll be able to get that webinar. But I discussed exactly how, where there is a dark cloud cover, news cover, that is not the candle, but the news cover, how the market response is so important. Look at this. We've got just yesterday, we had Apple down sharply. We had the coronavirus. But the market just kind of shrugged it off in a certain way. And today it's up. And that's what you want to see. That's a good response in the market to dark cloud news cover. So up 88 in the futures, the E-mini, ESH 20, yesterday the S&P closed at 3370.29. The futures up 975 at 3379. This is going to be very interesting because the NQ, the QQQ, the NDX100 trading vehicle, had a really good session yesterday. The high on the 17th, that was to be Friday. Friday was on the NQ was 9687.50. The following day it's 9687.50, same thing. And yesterday, today's high so far is 986.00. I mean, that's incredible, right? Look at the QQQ, the Q's, the NDX100 trading vehicle. Trading right now. Let me just get rid of this moment right there. Traded up on Friday to 234.93. Yesterday it went to 234.86. That made a peak C. Sorry, that was Thursday. Friday it had a lower high. And yesterday it had a higher high by a fraction, 235.70. But it's trading right now pre-market at 235.80. So this is leg D. So all the others are only at a B or a C. This, in fact, is in leg D. It's a little extended in the chapter in the Chapman Wave methodology. Hey, wait a minute. The IWM even had a rally yesterday off the load, hit the 14-period exponential, moving average in the daily, and then running sharply higher. And now it's up .54 at 168.08 pre-market. That is, this is at 8.09 in the morning. We'll see what happens at 9.30 when the market opens. Because this is a good response to possibly negative news. Okay. What happens to the gold? Gold had a really good session yesterday. It's up again today, 7.5 at 16.11.1. Up 7.5. So this is getting closer and closer. Look, look, look. Let me just squeeze this to the 16, 18.9 high that was made. I didn't even put the date because I don't think we'd get this in quickly. On the 8th of January, very nice response. Now the question is, is this an E or is this a C? C says you should go to D. I'm calling it a C. The magnitude crossed positive. So Castic is at 77%, not 80%, but still very good. Volume balance volume is very strong. So gold is acting very nicely and it's acting in response to perhaps world tension in terms of the coronavirus. I don't know what it is, but it's acting very well. That's all you need to say. And look at the weekly chart. The weekly chart had a candle that suggested at best it should make a rectangle formation. That's exactly what it's done. If it climbs into the 1620s, that's kind of a breakout. That increases the monthly chart to a leg decontinuation into February. It means that you can't get a peak D until March. So far this is very good action. Now let's go to the dollar. The dollar was holding extremely well. Should have a little bit of a pullback. Now with up three ticks at 99.48, I'm wondering if there's not going to be some kind of little dogy candle right here. And then we get some kind of consolidation in the dollar if gold is going to continue higher. But this is a spectacular move for the dollar. Since it made a low of 97.35, back on the 31st, remember the ugly 600 point down day, coronavirus day, Friday, January 31st. Since then it's had 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13. 13 higher highs, one red candle, still with a higher high. Has it made a peak? This is a single leg A or an F to the upside. But I would have said it's probably an F if you're looking at the technicals. And I looked at the technicals. Well, the stochastic is at 98.24. You never get to 100. 99.80 maybe is the most I've ever seen. I know 99.50 outside. I don't know if I've seen it even higher than that. So this is within 1.76 of 100%, which it never gets to. But flat, flat is good. So that says the dollar is the currency of import. This is the one that's most important at this particular time. And it remains so. And this is very good action. And then if you look at the euro, EUR, USD, the euro is trying to form some kind of a base in a leg after the downside. Can it? Well, it's got two weeks in which to get back to the arch formation of the, you know, the Japanese methodology. The week of the 4th of October, 1.08792 was the low. And it's trading right now at 1.07994. Is that correct? Am I correct? 1.87. Yeah. And now it's at 1.79. Yeah. Not very good action. And the USDJPY, the Japanese yen, holding OK, not doing so great. Oh, yesterday it was doing so great. Today it's a big move up, 110.51. I was wondering why I didn't do that yesterday. Did it today. Leg C to the upside. Nope, nope, nope. Don't say that too quickly. This is A, B. Yep, leg C. Double C to the upside. Very good. Acting well. Yes, your rectangle formation, just as we had in gold. Let's see if it goes to the upper part of the rectangle formation. Let's see if we can get to the 111s. All right. I want you to look at a question about collated. Well, let's look at platinum. Platinum strong move up, up 18 at 1,012. This is leg A. This is leg B in the daily, the monthly chart. Sorry, the weekly chart went nicely over the 200-period moving average to a PT. Pull back to the 14-period moving average. Now it's way above the 200. This is good action. And leg D in the monthly chart is still intact. And that makes the 1,003 to 999 the support. The Palladium. Let me just look at Palladium, P-A-L-L. Yep, this is also breaking to the upside. Very strong move, 246-40, up 12, 258.99 right now. I'll be right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity firms, and all of that. 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Internationally at 727-873-7618. Hi folks, so High Grade Copper is at 2.60. It's down a fraction. It hasn't really been running all that well. But if you're looking to nationally Wood, which is the eye shares of the global timber and forestry ETF, let me just type it in here. WOD has had a really nice rally off its lows back in the 52 area. It's right up to about 66. It's trading right now at 64.13. It's a good sign that it's starting to show some signs. This is global, right? So together with Copper, I want to see Copper running strongly. So the question that Dennis had put was, but why is Platinum Palladium shooting up? Inflation is showing, question mark. So this is exactly a point that I've been just pondering over the last couple of days over the weekend. For a while actually, but certainly over, yeah, last night especially. And I was thinking, how will inflation show itself? Would it be just in one little area? Would it be a whole bunch of things come together? Would it be something that we're not really looking at? All of a sudden we say, hey, wait a minute, there's a lot of inflation here. Well, does it go through, is gold telling us there's some kind of inflation or is gold now more a fear hedge about just the global, with the coronavirus that's slowing down of the economies, et cetera? Is that a possibility? The fact that Palladium and Platinum are rallying, that's a good commodity sign. The fact that we are looking at yields so low says, no, this is not real. Inflation goes, I think inflation goes straight to yields. That's, for me, that's the inflection point. You can see it in other areas, but it really is shown when you start to see yields start to move quite sharply high, much sharper than the average that has been at for a long time. So that's got a long way to go. The other thing is the commodities. If you look at the dollar TRCCI, which is the, this is the Reuters, it's actually Thomson Reuters Equal Way to Commodity Index, and that's trading up six right now at 409. This is a nice leg B, but it's coming off a low back in the 394 area. It had a low back. Well, first of all, the high that was made was back in, this is an important high that was made back in May of 2018, up at 443. It was even higher than that, but I'm talking about the last high. Then it plummets down to the August of 2019 though, of 374, that's a big move. But then it has a beautiful rally and it goes all the way to 424. That was at a peak D in the Chapman Wave on the 3rd of January. Then it pulls back to, these are big moves to the commodities, down to the 394 area, announced at 407, running strongly. So I think what we're looking at is that the commodity sector is starting to show some signs of buying pressure. Let's call it buying rather than selling pressure over and over and over. I think we're now seeing some signs of buying pressure. That's important. If you look at these soft commodities, look at this wheat, that's wheat. Down 7 today after a really strong move yesterday at 5, let's go to 560. It's just stuck in the lower part of the range. It needs to get to 576. If you look at soybean, soybean, this is a continuous contract. Down today, down 6.5, at 885. It was looking good. It got stuck. I said it's stuck in a little bit of a range here. It needs to get to the 903, 903 area to say, hey, I'm going to run you further. It's now stuck in the low range. And corn is just stuck in the range at 381. It just hasn't gone anywhere. It's stuck between 384 and, say, 376 for now. So that part of it says nothing much to see here. So at some point, we're going to see a yield scare. That might not be the actual big move in yields later. I think in 2021, kind of my thinking right now, that's when we start to see yields move in the upward direction and don't consolidate. They just keep moving in a stair step fashion. That's my thinking at this particular point. I think we have to wait until then, or maybe later in the year. So let's get that. And let's look at Crude Oil. Crude Oil right now is trading at, oh, that's up 77. There's another inflationary thing. Trading down in the 50s. Nothing to see here. Starts to get to the 68.72 area. That's completely different. Will it do that? I'm just wondering if later in the summer, there isn't a chance for Crude Oil to spike higher. I just, at this point, I don't see all that much. And if you're looking at TLT, so that is yields. This is a T bond down 21 at 145.33. I spend a little time on this saying, is this going to be a new leg B to the upside or all the E? I'm going to give it another day because the magnia hasn't crossed positive yet. The stochastic down at 57. There's room to go to the upside, but at the same time, this is not showing technical support. It's showing price appreciation. And you've got the cup formation. My target is the 149 area at some point in the next month or two. But at this particular stage, this is how it goes step by step, putting back just a little bit off their big move yesterday. So what did we say? Yes. So that, probably in the den says, 9,946 on the continuous contract I got on the dollar. Just holding on. I think it's very close to at least a bit of a pullback, but look at the weekly chart. 84% really strong move in the stochastic. The weekly chart. Look at the difference. I've always wondered, what's, it's a differential, but what, it's not a beta or theta. I don't know what it's called. I keep trying to find out what is it when you get a very wide distance between the exponential moving averages in the MACD. There must be a name for it. Wide. Very wide. All right. I prefer one word, but two words is fine. Very wide. And that's usually a big boost to the upside. And it says, you've got a lot of support now on the dollar in the 9881 to 9830 area over the next two, three weeks if there's a bit of a pullback in the dollar. Now, the next thing I want you to look at is I did that, did that, did that. Yeah. Look at the estimators. Up 2.21 pre-market at 150.64. Made an all-time high of 152.62. I keep talking to a couple of people and looking online and reading about the semis. And the billings are not that great. And yet the price is the way, this is like the dark cloud news cover. You've got a dark cloud news cover on the fundamentals in semiconductors. And yet look at the performance holding so beautifully. And look at applied materials, applied materials. I'm calling this an E for now, but wow. 66.30 pre-market. Maybe that's an E slash B. I better be conservative and call it an E slash B because they do not let go. And as long as you've got, you've got buying pressure in the semiconductor area, I think that's going to be good for the market. And I do believe that based on the Chapman wave methodology, let me do this now, that we should get a leg C above 29.568 in the Dow for leg C. And then there should still be a Dean if there's a buy mode, which I believe there is. The S&P should go above 33.85.09 for leg C. It's less than the Dow to make the new all-time high. The QQQ's have already gone to a leg D, so they're already there. And look at the New York Stock Exchange, NYA.X, there we go. The New York Stock Exchange needs to get really above 14,183 to break out to a leg C in the weekly chart. So, oh, this is it. You're going to go to Tommy O'Brien, Tommy's going to do his show. He does a fantastic job. Half an hour coming up, 8.30 to 9 o'clock. Then, of course, you've got Larry Pasovento, and my show will be recorded today. I'll be back regular time.