 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now toll-free at 1-877-927-6648. Good morning everyone, Basil Chapman here on this Thursday October the 19th, remember October the 19th was the day in 1987. That was that Monday morning of the crash down 506 points. Anyway that was a little bit of history there. We're down to 30 points today at 30,000, 630, isn't that interesting? You could take, so the Dow, if I remember correctly, was at 2237 or something like that, 2200, and now it's at 33,600. All right, well we get, you know, things happen. We're down 35 points right now, 33,000. This is what I was talking about when I did the update. Look, here's the arch formation. I don't know if I can find it, I should have been prepared for it, but I was seeing other things and I'm going to try to get to it right now and there it is. Now how do I drag it across? Don't mess things up. No, don't do that. I'll just talk about it. So I have a pattern that I call the lowercase H. In other words the price comes sharply down. You can see it here. Look, there's an H pattern. See the arch formation takes out the left side low. Well, we've got a second arch formation and the 9-period moving average, which went positive for a couple of days, went negative at the close yesterday, negative today, and that's the daily chart. The weekly chart, the 9-period moving average has been negative for a couple of weeks now. I'm a little concerned about that for a number of reasons. Let me explain what it is. This is that acceleration to the downside that occurs once we start the roll over. So we're now down 66 points and we still got the Fed to talk today. So the Fed, what can the Fed say? The Fed can't say all that much. They can pretty much stay in the same trajectory, but some of the looking out factors might be a little bit different, but essentially I think they have to stay put. Now this is a very interesting aspect to the chart. Let's go through it one at a time before I get to the bonds. The S&P is down. It was up a little bit, but now the S&P is, did I type it in the wrong place? Probably did, S&P. Next, there it is. Now the S&P, the 9-period moving average, which was positive for a couple of days, went back to negative. You've got the roll over and now it's down 2 at 43.13. The big question is, it did make a peak C, but when you go in the Chaff Wing methodology, the quicker and the least high, what do we say? If each leg up after a peak A or a B or a C, it's just modestly higher, but you make a couple in succession, you've got to be careful because that's saying the upside energy is dissipating. You really want really strong legs, I can see here. Look at that. Leg A and then a very strong leg B. Then it failed, but at least it was very strong. In this case, they were kind of weakish peak A, and then just a less than a dollar higher goes to B, pulls back very modestly for two sessions. The third session goes to a leg C, and what does it do? It just goes modestly high, and then you have that sharp pullback yesterday. You see the magnitude of the moving average is good. The stochastic is weak at 75, not very weak, but weak at 75%. On balance volume has been tumbling. That's the volume itself. Now this is going to be very interesting. Why? Because I can move this over and say that that cup formation is starting to be challenged by the arch formation. In other words, we're always looking at straight line up or down, arch formations or cuff formations. The arch could be an inverted V, or the V, the cup could be a V shape pattern, but basically you're going from one point up and then back down again. So the big question is, coming to Friday in the S&P, the nine-period moving average weekly is still weak, it's negative. The daily chart is just arched over, and we make it as simple as possible. If there is a push below 40 into the 4290s, and we're at 4317 right now, that says there's a chance that we're making that arch. Remember the reason why we went long on a short term basis, the dowel with an aggressive three times long position, a smallish position, but a long, nevertheless, and aggressively long, is because I am anticipating that this is a bounce, and that there has to be some kind of a retest of at least a 200-period moving average right here that's at 4274 for the S&P, for the dowel, the retest would be at least somewhere in the below that candle right there, that's the candle of the 12th, which would be 33455 for QQQ. Now up $1.39 at 364, holding quite well, the nine-period moving average is still green, that's good, but if the QQQ, NDX100, Invesco QQQ Trust series starts to trade below, and I have to give it a little room, $361.50, and here we are at 364.70, so that's a very sharp pullback, but if it does that, that's going to be pretty negative. We were long, now we're actually out of that position, took a very nice gain, a very small bit off, and then we got stopped out yesterday, very small gain, and I'm watching this closely, and you can see the weekly charts still holding really well, and I'll have to go through this, this is kind of the stuff I do on technical Friday, I need to do it today in preparation for tomorrow, because anything can happen with FedSpeak coming up today. Now if you go to the IWM, which has been very weak, sell mode in the daily, sell mode in the weekly, wow, look at this H2M, lowercase H2, lowercase M to a second art formation in the monthly chart, eventually this could turn into a midpoint to the downside, I don't even want to talk about that, but the Russell 2000 is just looking very poor. I wanted to get out of that as quickly as possible, because I want to show you a couple of things. In the bonds, bonds down a half a point at 108.26, and 108.26 30 seconds, this is going to be very important, and the reason why I was saying before in the in the stock market update, 10 o'clock update for TFNM, 109.8 and 830 seconds was a low back in August of 2013. There is a price time match which comes in to either this month or next month, that is October or November, right at this 109.8 30 second area, however, and this is a continuous contract, so that price could change, I don't like putting prices in here because they get smoothed out, and then I have to change, but nothing else changes. The pattern is exactly the same, the notation of the chat wave is not exactly the same, but the low has been 108.7 30 seconds, so we've taken out that left side load, but this is still the candle of the month. Now look at the way, you see the way the MACD, the green nine-period differential, can deflect from the 26-period moving average and continue the down move. You see how I did it over there back in beginning of 2022, you see how I did it here in the summer, it just rotated, rolled over to the downside, and you can see the MACD moving average of the circular tertiary bond, continuous contract, it touched then with the doting camera pull back, I'll explain why there is a chance that if you're going to have some kind of use everything, just a couple of these bounce in heels, in the bounce heels come down, I'll be back. 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. 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. 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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 Day. Available to all tigers and tigers 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 reason why I'm looking at bonds is because with everything that's been said, everything that's been done, everything that the Fed can talk about today, there are signs and they're just signs really. It doesn't mean to say it's going to happen. Oh, I don't know where that came from. Let me just get rid of this right here. This is the TLT. I'm going to go back to the U.S. Treasury bonds in a moment. Let me just do this. In the TLT, you've got a trend line that comes from this previous peak of $143.62 back. This is the monthly chart July of 2016. I'm not sure that's the same price, but look at this. So this is a line. You see this line right here. I take it from a particular point and it's called the Chapman Wave inside wedge target support line. On the way up, it's a target resistance line. On the way down, it's a target support line. Let me just make this red and make it dashed because I've got to have everything consistent. And you can see we're right there. You see the way you've got this W formation potential, W formation in the MACD. See the way stochastics a little bit higher than it was at that previous loan, the TLT. This is the Lehman 20-year Treasury Bond ETF, ICES. $91.85 was the low back in October of 2022. And yet the stochastic was way down there in the, I'll tell you right now where it was, it was at 5%. But now it's at 17%. So there's a slight divergence in the technicals and the MACD, you can see it's a little bit better. The aperture right here is a little bit better than it was over there. And the histogram has started to improve tremendously, although it has pulled back, but nothing like it had been. The nine-period moving average is still way underneath the 14-period. Now let's just compare that to the U.S. This is the 30-year Treasury T bond continuous contract. And you can see the story here is that that particular low in November of 2022, the MACD was very weak. The stochastic was very weak. And at this particular point, the 30-year, the technicals are not anywhere close as good as the TLT technicals are on the monthly chart. That's the 20-year. They are bonds with a longer duration, but they call it a 20-year TLT. That's the bond ETF fund. But wait a minute, there's a chance that on a shorter term, now let me get out of this, on a shorter term basis, you see the acceleration that you've got to the downside here in the weekly, you'll see a little bit better with the notation in the TLT, in the TLT itself, chapter wave notation, leg e to the downside. MACD is way above where it was at the previous low of 9185. At this particular point, 9185, I'm sure to say it went in October of 2022. Remember that's where we got that fantastic bicycle with a dow. We still hold that core position. And other areas, we got good entry points. Now what we're looking at is you see the speed with which we keep, now we've made it just one higher high, that's a higher low for leg A goes to an A- in the weekly chart because it's lower now. But there's a good chance that just in this area, now it's an area of time, it might be on price. That I can't say just yet, I have to really wait for the closing price on Friday at four o'clock. But there's a chance that we have a bounce. And that bounce over a two to three week period, if it comes in by early next week, could take us back into the 89 to 91 area. Just a kind of a relief rally because that'll give us time to assess where the TBT is on the upside, which finally broke above to give you a leg D in the weekly chart based on this chapter wave inside, sorry, this chapter wave instant restart right here from P D, three bars later with making a leg E, that really gives you an alternate count. That becomes E-A, F-B, G-C, and yeah, you get your D. You're always looking for a P-D in a buy mode in the chapter wave methodology and then other things can happen. Yeah, you got your D. You go into an E, pulls back. Is this a brand new gray A? And now you've got F-B. Those of you chapter wave methodology know that you could recycle, sort of hold your move to the upside. Or is the MACD just barely crossing positive, much lower than it was before with a stochastic down at 70% whereas before it was holding beautifully up in the 80 and 85% area with unbalanced volume, the blue line, the only signal that ever gives me, that's what gave us that exact high, one of the indicators that gave us that exact high. August the first cell signal, well, where we weren't short, the down. That's for the more intermediate term, August the first now, it's already halfway through October. So I'm saying to you, just let's be careful here. I know now you're getting stories about people talking about the crash in bonds with yields, skyrocketing. I think it's a process and I think this is part of the process and the process is saying, we're getting closer to some kind of, if you're looking at the weekly chart at 89% and flat that stochastic says you could have a decent bounce in the TLT with this TBT is holding fantastically steady with all the technicals, very strong unbalanced volume is overbought, but that stochastic at 89% says any pullback as long as it's holding in the 80%, 83% area is going to be just a temporary pullback and that monthly chart is still kind of breaking out. So I'm saying, I'm looking at this and thinking it could be a relief reality and that should probably give us a little bit of a bounce in the general market. So we've got to look at this in two ways. One is, uh-oh, the way the market's acting, anything can happen. That weekly chart with that 9-period moving average, negative like this gives me, it's really a heads up because if the QQQ slide into Friday's close, that 9-period moving average on the weekly chart is going to be very close to turning down. So far it's holding steady and that's important. Okay, so that takes me to a bunch of other things I wanted to do. What I wanted to show you is that the way I'm looking at bonds right now, looking out, I think yields are going higher, shorter term, I think very close to some kind of a rebound. Now, you could crash in the rebound. That's not a rebound because that's just as, first of all, you have to look at it as a very serious decline in the bonds. All right, so crude oil holding steady, beta pd in the weekly chart coming up to Friday and as long as it's holding like this, this is just at this particular point, the acceleration to the upside in crude oil, it's kind of being, it's mellowed out, it's kind of stopping a little bit. It's the same thing in the heating oil. See almost the same chart like this, got your declining trend line right here. Let me just draw this in for you. There it is. So you've got your falling ax formation, but it looks like it's got a long handle and then you've got lower highs and much lower lows. And finally it turns around, tries to find some support to get back to that trend line. I'll be back in a moment. Now it's down to about 50 points. Now it's about, I can think this is our, see you in a moment. 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. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. 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Well, at least you might want to start a position. And I really have to apologize because I would have done my usual. This is Tuesday Wednesdays, Thursday, Wednesday, Tuesday. So I would have said something about, at this particular point, it must have been at about, I'm guessing, it must have been at about 18, 30, maybe, what's it say, Thursday, Wednesday, Tuesday. Was it Monday that you sent me? Yeah, I missed whatever it is. And I missed doing it yesterday, which was Wednesday. So it must have been Tuesday. So I would have said, in this particular area, I've seen a number of communication stocks, especially the very low price ones in the single digits. And I'd be very wary about for subscribers saying, hey, let's have a quick trade, what we call these are screamers that are under $10. And if you get them just right, you can run them up for a good few percentage points in minutes. And then you take some gains and you try to keep the core position. And if it holds through the close, you're now got you. Yeah, we had that with UEC was one of those, which we still have actually. So within that particular context, I would have said to you start the position, but it has to be a small position, it may be a split position. And I'm almost sure I would have said just start the position. And then on the pullback, and I don't know what it would have been probably been about a point in about $1.10, I would have said you can add the second position with a very tight stop. And you would have missed one and ran all the way to the 22s. And today pulled back to 20.50 and the highest 21, 74 is trading at 21.47 up three thirds. Now, that we had, we had, I'm not going to remember the SAT. Yeah. So we had OPTA doing the same thing. OPTK. Now, why did I even say that if I can't remember the what it was? OPTA, that was that it has health ingredients, OPKT. Oh, no, I'm forgetting what it is. Anyway, someone had mentioned it the other day, and it had a big spike up. And I was thinking that VSAT could in fact have the same kind of chart pattern where it has this one day pop and then gives it up. But at the same time, it's in an area that I've been looking at that has been showing quite a bit of interest. But if I look at that multi chart that arch formation that took out the left side loan, and it's now three months below the low that was made back in January or so of 2020, I would have had a lot of hesitancy. So I would have said you started with that position would still be in because it's holding very well. So I don't know what you did and you didn't contact me again, you must have been disappointed that I didn't do it because I didn't do the show, two shows in fact, and I haven't spoken about it. But this is exactly what I'm saying. In this particular environment, with the market so jittery, when you've got a price moving that goes to just a beautiful doji candle, tiny indecisive candle right at a low you don't know it's a low, but going to lows. And then all of a sudden the stores and it goes to 15.02. And then actually a beautiful green candle closes above it and the following day green candle thing pulls back just modestly for a great peak a and now it's got a great it should have been a great peak B but I have to make it blue. That means this has the potential to go to a C and a D with the MACD strong, the stochastic flat at 92% on balance volumes not even close to being overboard. The nine has just flipped to positive yesterday it flipped and today it's holding. I like it. I'm so sorry I never got to it and I'm maybe you've already got into it I hope you have but I'm looking at and saying even now the question is what would I do and I have to say to you now the risk reward because it's about a point in the quarter higher than I would have been talking to you as maybe even more actually could have been oh no it's quite a bit so it's two points. So now the risk reward is something completely different but I do like it in this environment when you've got something acting so well so this is what I'm going to say to you just start a little a small position at 21.54 this one is different altogether this is saying it looks ready for a pullback if the market really tanks this thing is going to have to it'll be pulling back but what if it holds steady the idea is that it's got a target on the left side of this double top at 24.94 and then 24.84 back in the in September mid-September before it started the big tumble down with six sessions of ugly red candles and gaps down it's getting towards getting to the top of that so I'm saying that that would be the target I don't want to draw in the cup formation and everything just yet I just want to say let's see where it closes on the deck I will draw it why not it's technical technical Thursday not technical Friday so you get yourself this is the pattern I'm looking at it's a lopsided cup formation but normally what I do is I try to find what I I think visually if it doesn't look like you could do it no if it looks like it's going to take a shorter time period to get back to that high they're making this the midpoint the plumb line right here says okay let's see what happens it's a little bit lopsided but let's just see what would happen and I'll draw this in and I'll say you know what it's going to have to do it with speed it's got until until Monday until the 23rd to get to the left side high of 24.84 to 94 and I'm just going to keep it in here normally I'd be a little bit more conservative but I'm saying this is the aggressive part of it that could work out and I'd go from here to here that's the chaplain wave inside wedge target resistance line it hasn't even got there so this is kind of what I would do but I prefer to go out a little bit longer probably take that peak and move it to the right and say by Wednesday or Thursday or next week then the then the chaplain wave inside wedge target resistance line will be maybe 2023-10 something like that so I like it now it's all contingent and it's the same as today I'm going to give you the parameters if there's an upside spike suddenly this late this afternoon but it's all contingent on the support of 1950 which is the green nine period expansion moving average I'm going to say it's really not that I'm going to go to the low of three days ago and that's the low of 1985 so the whole 1990 to 1980 area is really key support on the very short term I hope that helps you all right next question came in could I oh Eli Lilly something mentioned in the den you remember I was saying I'd be a little cautious cautious at this level where the heck is it oh my look at that so what I was looking at I said I'm not going to call this a leg a or peak a I'm calling it an e because it's an extension of that peak d over there and the way it's acting in the single leg move up looks like it's news related and it's in a leg d in the weekly chart and then g says see this is Eli Lilly and I said there's a lot of weight rain it's a little joke there on the on this news related spiral to the upside so I'm a little cautious about that this reward is very high well now today for some reason it's down 23 points and 584 yeah this is that category overboard just needs a rest and it's getting it I'll be right back puzzle chapter tiger technicians out 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 are you ready to take your trading to the next level 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 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including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz i apologize for not doing this earlier i had a full reading to you but it was just so much going on and i'm excited my usual plethora of monitors that i'm looking at i've just got this one laptop right here and i have to juggle all different things and i'm going to my desktop back home so i the office computer so i have to really do a lot of juggling but i had a little there was a little doji can you see this 200-period moving average in the 10 minute e-mini i'll get to pl tr was a question if i could look at it so look at this and let me get rid of these old fib numbers i always have fib numbers lying there and then i'd get rid of them because it gets a little messy but all right so yes your arch formation i actually i do have fibs right here so look it went to a peak you see the 200-period moving average and oh that's the other reason i never got to it this is the furthest away from the 200-period moving average the tlt has been in a long time look at how far the price has been in the 10-minute chart i wonder if i can just squeeze it here let me squeeze squeeze and go back yeah see remember this cluster formation and then the retest uh back uh over here this is on the 18th most of it yeah that was yes though i wasn't yeah only in the morning i was around but you see the way it held the 200-period moving average like a magnet how many times did i keep saying what's the 200-period moving average it's like a magnet over and under over and under arch like a sine wave arch cup arch cup anyway finally pulls away then it has to retest it it retested and calm break out at about 10 o'clock when i was doing my show yesterday and then it pulled away look at this it pulled away it got very far away from the 200-period moving average and then it tried to draw itself in and it couldn't but the the 200-period moving average was in the downtrend the tide was declining so the tide is going down and you can see the price gets closer but it couldn't do it and then finally uh at four o'clock this morning a m eastern time starts at p a b c d it gets close pulls back it makes this confirmation it has a retracement to this i'm using a different for this particular point if i remember correctly it was a 50% and then it makes the confirmation and goes back and a retest now let me expand this and this is all contingent about upon pre-fed talk which will be at noon in about an hour and a half or whatever that is uh an hour and a quarter so it's pulled away and now once again it's pulled away quite a bit away from there and it should have some kind of a retest trying to get to the 438 it's at 4329 right now you should try to i don't know what that phone is i don't know what's going to happen when it gets on nobody's an answer and that should try to get to the pink line 4336 later in the day maybe even 4338 which is the 14-period moving average because as you get closer to fed speak it kind of narrows if it's up it comes down if it's down it goes up just what it's waiting we'll see what happens it's off the fed speak this afternoon that's going to be so important you see how far away it is from the 200-period moving average off to this peak f now no reason why i was looking at and saying hey i think this is that pattern that i call the double you know camels some camels have one hump some camels have two humps as a kind of a joke of what you see this is the double hump it's like an m-shaped pattern in mac d this is the one that we had when we were looking at the cell signal in um october of 2007 in the s and p in the summer and then it still had that big rally into the october high where we got that beautiful doji can that that sorry champion wave roman red roman candle and that i said look this should go to go to one or two peaks and then we should turn down sharply because it's got this m-shaped pattern well that's what we had here and look how it pulled back so now it's getting ready for at least some kind of amelioration of the tension so let me while i'm talking about it because i will forget and i'm sorry i'm still going to go to pltr in a moment um yeah so this is what i was looking at here's the monthly chart and look at the distance so tlt uh was that it no it was not it was this one right here sorry i know it's this chart but i'm gonna get to it uh there is so this is the tlt look at the distance between the 200 feet moving average and that whole cluster formation we kept touching the 200 feet moving average and then got repelled back in march in april of this year now this is the furthest furthest way it's been so i'm anticipating that's another reason why the magnet line up there should say just have a bounce just reward me at least for a little while to say you get you're trying to get back to me because you're not getting back to me for a long time but at least have a bounce all right that's that's the reason is if you do a measured move from that 200 feet moving average with the tlt is right now at 83.94 you'll see the same thing happening here in the bonds see where that is way up there at 124 and the price right now is at 108 all right this is these are bonds they're going from the 130s to the 108 this is not a stock bonds used to be a security factor well for 40 years now it's changed so that's what i'm saying all right so now we're going to go to pltr palatir technology i believe is the name let's just have a look here it comes palatir palatir technologies Inc develops data fusion platforms not quite sure it's probably self-explanatory data fusion right um so here we go there's your pd what do we anticipate in the buy mode a buy signal to buy mode that goes to at least a pd and then other things can happen remember the chapel wave is the waveform that never sleeps so everything every single one of these troughs and peaks gets alphabetized and has an implication on the way up it's measuring the status and the the power of each leg so it's a it's a measure it's a tool of measurement as well as um as a notation that says four higher peaks is your objective in a buy mode it can go higher but four is the least that you should get so in this particular instance the bank these good statistics now at 75 percent putting back on balance of volume is a tad overboard but it's still in a very strong area bank these very good nines way over the 14 i like it i like it a lot and palatir is something where the market finally turns around we'll see if palatir can it was a leader in a sector back in 2020 into 2021 january of 2021 when it went from an IPO in the nines to 45 round number high and then it's just been down down down 525 527 was the low yes it's in it's in whatever it's doing i believe it's going to be a very good area because it's holding so well i like it now i don't know if you wanted to add i didn't quite get that as i'm saying i'm juggling a number of windows all on one laptop we just have a question um i'll get to it right here okay the question is oh can i just look at it yeah so that's what that's what i'm doing and uh question about mcdonald's i'll do that as well so the question for palatir is yes it's doing i know that you're all long and i think you should hold it as long as you can because i wouldn't be messing with it in other words i would not be jumping in and out of this this is because in your position you like to get core uh lungs or your shorts the same sort of thing and you like to hold them and you can see pb in the monthly chart it should go to at some point but it does say that 13 has four points it's a lot of percentage points but four point action is major support between 14 and 13 i like it as it's standing right now i'll be right back you might 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24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv i vote just as we wrap up mack donald mack donald was trading up v at 29 it become a flow that was made about weeks ago that was air on 6th of october at 245 73 is trading at 259 12 now the these defensive stocks that's the whole area of you know general mills um xlp is really the sector that has it that's the etf they've been hammered i mean you're talking about a stock that was at uh just about 300 did 298 was that let me just check with the high was i forgot to type it in there yeah 299.35 just missed 300 by 65 cents uh so 299 in the weekend 23rd 21st of july and it tumbles down to the 240s so it's oversold and it's having a decent bounce i like it i like it in this environment it's saying that the defensive stocks are coming back again but she does only a trade and if you're all along um i would say your stop has to be it's at 259 252 and i have it as a trading stop if it's able to get to the 263 level i'd actually take a little bit off as part of money management and then i think it should go sideways so that's that the other question i had was um dk and g this is uh draft kings yeah i said to hold draft kings we'd be wanting it for a while and i said okay now now we're going to have to hold off completely because it's failed at a peak c and it could fail at peak c again in the daily and if you've got this is an inverted cap away falling exformation plus it's an arch it's it looks to me like it now wants to take out the left side low i'm watching it very close i think it's going to be a really good buy but where is the question it must all 27 20 on a closing basis so as we stand right now if the dowel suddenly turns around it goes to a plus 40 by 330 the softening that's a good sign but if it starts to accelerate down just be real careful but watch those bonds because bonds i think are getting real close to some kind of support thank you for Steve Rhodes have a great day check