 The following is a presentation of TFNN to 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. Everyone, Basil Chapman, Tiger Technician Hour, the host of the show, and also the author of the opening called Danny Newsletter. Wow, this is a most fascinating market. Let me explain what I'm looking at here. In the Chapman methodology, we're always looking for that fourth highest peak, a peak D, where other things can happen. We saw that back on the 12th of July at 27306 where we had the opportunity to go short about 7 points from that particular height. No, it was the all-time high at 27398 on the 16th of July, peak D. We missed this one. We got a little laser on just about 100 points off the top and that was the one from the 12th of September, peak D, doji candle peak D. Now what I'm looking at is, within the Chapman methodology, so far if you're looking at the technicals, you'll see that the MACD is still acting very nicely. The stochastics at 88%, nothing wrong with that scene at all. But if you look at the price, the quickness with which we've gone to peak A, then peak B, and then peak C, and now potentially going to try for a leg C or peak C1, C2. Underneath the previous high of 27306 makes me just a little cautious for two reasons. One is, whenever there's a failure to make a decent recovery high from the previous high, it might be an all-time high, but the one on the left, in this case 27306, and you make that D underneath it, it says, you know, this one didn't have nearly as much strength. It's going to probably take quite a bit of juice, a kind of a buildup of momentum to be able to build the kind of power that takes it right through, not just the 27306 level, but the 27400 area, which would be all-time highs. Let me just explain why I'm looking at it this way. I'm looking at it and I'm saying my Dow Quartet index, of course it cannot be an index with just four stocks, but the Dow Quartet, which has served me very well for decades, has an indicator of what to look at in the Dow. This is a canopola made at peak C minus failure back on the 13th of September 13399, drops down to the 118, was that 118, 1780, 117, 25 here on the 3rd, has a nice rally, but so far it's really struggling. It seems very nicely, but when you look at how the effort that it's taking in the technicals and the price movement is nothing like the rally that you saw back in September. And it had an all-time high of 173 back in January of 2018, plumbers down to 111, just fairly recently, and that was on the 28th of August. So this is in a, it's not even a recovery phase right now, it has to break the monthly resistance and get to 140, but the weekly chart is saying, yeah, there's a nice cup formation for me, and the daily says pretty good rebound, but if you look at the monthly chart, this is an H pattern that's trying to succeed in becoming a successful break to the upside. If you look at IBM, IBM is the stock that's really dragging the dow-downs down six today at 13319, it just never fails at earnings to come up with something. They've been doing cloud, I think they're having a problem with the cloud because maybe they're just not able to identify what a cloud is because that's the way it looks here, it just is not good action at all for IBM, and they've been trying to do this for years. I remember going to a wedding back in the, where is, out there in near the Catskills down the Hudson River, what academy is there? I went to a wedding there, and I remember meeting somebody who had worked for IBM, and IBM has his headquarters out there, he had been working forward for 30 or 40 years, and he said, yeah, we've been trying to get this, now we've moved to the cloud, but it's taking a long time. I don't know what they're doing wrong. I mean, West Point, thank you very much, Peter. I knew it was West Point. I just forgot it right there. Thank you, everybody there, West Point, yes. And that was just, that was the location, the area that I was at, at a venue there. So I remember it very well. I remember coming back and saying, what's with IBM? It just cannot get its act together. Still can't get its act together. And then you look at triple M, triple M coming off a bottom. I mean, 259 was a January 2018 high, and just the other day, it's 150, 100 points down. I mean, what are we looking at here? Is there something wrong with this picture? But maybe these are beginning to base, and look at UTX, much, much better, but still going to a Leg D today, that's where we were missing. So now it's in Leg D. We were along this once upon a time, not along now. But look at the way it's kind of leading that down quartet that I was talking about. But it needs to do a lot more. Right now, I like it very much. I think it's acting well. It's bumping into this downtrend line in the weekly chart. It's gone above it, but it hasn't closed above. We've got another day to go for the week to see if it's able to get to the 139-ish area. Today's high is 138.74. Maybe close near 139.50. An options expiration. Try to get to that magic 140 options round number close. We'll see. But anyway, I'm saying that I'm a little cautious about these things, and the Fang stocks are not doing all that great. So it says to me, having some cash is not a bad idea. Being in the market is not a bad idea. Be selective. If it's working, that's what you want to be holding. As long as it's selective. But if you're in a losing position, and it just hasn't succeeded in rallying in all these big rallies in the market, coming off a low of 400, 500, 600, 1,000 points up, and then giving back some, if it hasn't participated, it's probably not in the right area. So just be careful. Look at the S&P. So we're talking about in the chat. We've been always looking for at least a D. There's that D in the S&P. The MACD is good. Not anywhere close to how good it was back when it hit 3,021. All-time high back on the 19th of September. But it is good. And the weekly chart is improving. If you look at the QQQ, it's kind of leading the pack in a way. It was. Today it's down some. Down four cents at $193. $195.55 was the all-time high. I'm still calling this a leg B. I still think we go to a C in a D this year. How many months have we got? This is October, November. We've got two and a half months. I think by then we should make a leg C above $195.55. So now let me go to some other areas. So gold goes up very nicely. Up 5.6 right now at $14.99. Trying to get back into the rectangle formation is just, I think it's taking a well-earned digestive phase. That's all I'm talking about in terms of what we're looking at. Silver's the same thing. I wanted to show you Silver's actually a little bit better. 1.11%. $0.19 at $17.62. It's gone above the base that it uses as a support level. If it can get to $18.37 in the next week and a half as October closes, I would say that's very good action to say that Silver is in play, as gold is in play, but Silver has been the laggard, and I want to see it start to immediately rate some of that weakness by moving closer to the $19.75 most recent high of the 4th of September. And right now it's way down to $17.625. So it's got a lot of work to be done. If you look at the dollar, and I said to subscribe, it's been really long the dollar since April of 2018. We've taken just a little bit off. We hit $99.46. $90.07 was our entry point. So at this stage, I'm looking at it and I'm saying this weekly chart says sell mode in the dollar. And that takes me to all those, to the currencies, and it takes me to the commodities. I'll be back because I want to talk about that tradeoff to be returned. Baselchap in downtown, $16.00, S&P is up $5.00. This is dichotomy because of IBM. We'll talk about that as well. And we'll look at gold and royal. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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So what I want you to say is that we've got a crossover, a negative crossover with a day to go, day and a half to go in the weekly chart of the dollar. And I'm pretty sure that I'll have no choice but to put a down arrow and say that down mode in the daily has been upgraded to a down signal, a cell signal, which by Friday's close could immediately go from a cell signal to an immediate upgrade of a cell mode. That means that that leg D in the monthly chart says D is where you've got to be careful. D in the daily, D in the weekly, D for D for dailies. And now we've got a potential November peak D coming up. MACD is good. Stochastic is holding nicely at 89%. I'm just watching this closely because I think that looking out, I still believe the dollar is going to be the place to be. But this is a relevant digestive phase. We've had it before. 97-12 on a closing basis will be the 14-period black moving average right there. Support the NISO plus this uptrend line intra-month at 96.76 continues as a dollar index. So that means the EUR, USD is moving very slowly. The first time that we've actually been able to say you've got the technicals and you've got the dollar down. Your technicals helping the euro, your dollar currency pair trading at 1.112, up 0.005, A in the week, C in the daily, A in the weekly. I can't even call it a leg A yet in the monthly because it made a lower low in October. So let's see what happens. Let me just double check. 0849, 08, it made a lower low. So that's not even a leg A. You'd have to wait November to see if it's a leg A. It's a start. And if you look at the USDJPY, you've got yourself something very interesting. It's a 200-period moving average. The orange line at 108.76 is holding it. It's at 108.54 today, having hit 108.96. And that was A, oh, I didn't do that. This should have been, this is, let me just do this again. This is, I think, is that 464? Okay, okay it is. So this is EA. Yeah, so this is FB. I'm calling it an F for now and a G slash C in the daily. And the wiki's gone to a leg B. So the other currencies are doing well. What happened to the British pound, British pound right now? Where did I type that wrong place? Type it over here. I typed it right on the chart. BP, British pound holding very nicely. I put a little bit of fib in here. It's holding the fib. It went almost to the 138. It's in leg B. I'm calling this a brand new B. It could be a G but I really wanted to call it a B. I think the pound made a low of substance and we're going to see what happens with the whole Brexit thing. Of course it's still 1.208 back in the week of August the 6th. I think that's a significant low and we might go a little bit lower than that. I would not be surprised if that's where it starts to bounce. Now, I had a question about royal gold. I like to look at royal gold because it's not only part of the gold, a very important part of the gold smorgasbord of stocks. It is also, let's see, there we are. They also get a premium, they also get some kind of royalty I guess. And at this particular point at 129.47, it's up 332. I'm calling this a leg for now E slash B. I don't actually make a decision yet because the MACD is very strong. Stochastic is holding 87. I'm suspecting that there's a chance that this will become a B as long as it doesn't break under 109 in the next month. And the most recent one was 114.50. Nice move up seven points in just two days. Now, the question is this. Let me just show you a couple of techniques that I use. You see the Chapman way of dreaded H. Remember I was talking to you about where it would go right here. So in the Chapman methodology what we're always looking for is right there. These cups and arches, but within the arch formation there's a pattern I call the dreaded H. It has a sharp move down. There's that sharp move down. Let me move this to the right here and I can point. And then it goes in an arch formation and then it takes its red because if it takes out that left side low, that's negative. So yes, it not only took and closed decisively below that, now it's a little bit above the low of 120. 120.70. So intraday today we've gone above it. I usually say maximum within three bars you've got to get back above that left side low. Well, it's done that today. We haven't closed yet, but so far so good. Now what I am looking at is within this context, the daily is still in a cell mode. There is a nice little turn at 20% in the stochastic. This is where things can happen. If it starts to go under that into the 19% and 18% area, it says it's going even lower. But at this particular point, the magnitude is negative, trying to turn around. Let's leave the daily for a minute because that to me is it needs to close above 124.70 by next week, by Wednesday of next week, without breaking under 117. Okay, now we look at the weekly chart. The weekly chart says, hey, wait a minute, the magnitude closed negative for two weeks. This is the second week. This is the third actually, the third week of turn down. The stochastic is at 65%. And look, the nine period, green nine period moving average hasn't even started its move towards the 14 period moving average. It's just barely started it today. It's a weekly chart. So that says that technically we've got a lower case H pattern, we've gone under it. So you've got to be careful. But at this particular point, if you had to ask me right now, is Royal Gold, RGLD, trading 121.56 up 3.41. Is this negative or positive? I have to say to you, as long as the nine period moving average is positive like this, I have to think that it hasn't started its big move to the downside. So so far, the daily is the lead index, and it saved the day by having a really good bounce over two days. But it's just back in the trading band. The weekly chart says, if you are long, if it starts to close under 119 one more time, take a little bit off, you can always put it back. But bigger, longer term positions, nothing to see here. That longer term position so far is sacrosanct because it's such a beautiful move to the upside. Where does it start to become very negative at 109? But if you want to wait 12 points 10% to find that out, it's better just to have a little bit of, you know, if you if you're a little nervous about it right now, then you can take a little bit of if you say wait a minute. And the question was, has this made a bottom? And I'm going to say it's made a bottom. I don't think it's the bottom. And the reason I say that is because the stochastic and MACD have still got a lot of work to do. And unless the price really improves to the point where it starts to trade in the high 124s, low 125s, then I can say, hey, now there's a chance that the MACD in the weekly chart goes flat. But as long as the distance between the nine period differential, the green line faster moving average and the 26 period exponential moving average, the red line remains narrow at this point is still a bit wide. But if it gets narrow, it can flatten out and you can start to see a bounce. And what is this? No, not necessarily a bicycle in the in the weekly chart, but a stabilization because it's had a lot of technical damage. It's just it's trying to recoup from that. And that's what this balance is about. So I don't think this is the low. It might be a low. 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 that 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 at any time 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. 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And that dip to the downside says it must hold 114 if it breaks it, maybe 112. Maybe somewhere around 112. That's where I want to really look at it again because I think it'll have used up the time that I'm looking at as a digestive phase. That might be where I get another signal on the dollar. Is it now going to go to another down phase? Or is that where it usually turns around and comes back up? Will that impact gold? Gold and dollar actually have been moving in the same direction a little bit lately. That's unusual. So that's what I'm saying. So is it a low? I think it's a low. I don't think it's the low, but I think it's tradable right now because of the dollar weakness. But at the same time, I think it's going to hit a lot of resistance in the 123s to the 124s. Nice trade. And then all I would do is if you're in and you're already in say from the 116 area, which I believe is the question. Yeah, all I would do is raise the stock. This is one of those where I'm not sure I would add like a triangle to the upside by increasing my position as it goes up. I'd be decreasing it. And then the next time down is where I'd start to look to see. Is this where it's a low that I want to start increasing on the upside? So four points, three to four percent correction from here. That has to hold. But if it moves up about another two or three points, how it holds into next Wednesday, Thursday is going to be very important. Okay. So let me just get back to something that was asked about. We're ready to go. CLNY. CLNY. That has an 8% dividend. What's the name of it? What's the name of it? It is called colony North Star trading at 5.58. So the question I had, what was I looking at just now, which I asked about the dividend. Didn't I just ask you about a dividend on the stock? Was it this one? What was the one that had those letters that were in a different place? Let me go through this. Gold. I can't tell right now. So it's trading at 5.58. This is one of those wonderful examples of those stocks that I talk about and are showing in my subscribers corner. Right here at the traders corner for my subscribers to my opening call. This is one of those that has this incredible move to the upside. And you keep thinking, I'm waiting for it to pull back. The MACD is good. Stochastic is good. It gave a Chapman wave squash between the stochastic and the MACD. And it doesn't give you an entry point. And it goes all the way from $4.30 or was it $0.28? $4.32 all the way to your first peak. In other words, these are floating letters. Floating letter A. Floating letter A. Until it makes a peak A right here at the high of the 20th of September at 5.79 is the first time it makes an A. And then you say, ah, it's got to pull back. No, it pulls back for a day. And then bam, it goes to leg B, one day pulled back, leg C. And that's C as a doji candle. Everything about it says that should be a peak D. And then it pulls back as if it's a peak D. And now you say, is it going to go to his D? No, this is a scene. You've got to treat it as a separate thing because it has the entire look of a D. Look, it's got the candle. It broke. It broke nine periods. Then it broke 14 periods. Support in the nine-prost negative to the 14 period. MACD is bad. Stochastic is way down 13%. Hold off on this. I would say, yes, keep your eye on it. I think it's one of those that you like for the questioner. But at the same time, I'm just going to say that it has done really well. Just find out if there's a reason for that. If the reason is just nothing wrong, everything's good, then you want to nibble. If you're in it, that's great. But if you haven't been in, you could nibble around about 547. But I wouldn't really add to it until it shows me that it wants to start in a U-shape formation, cup formation, and try to get to the 5.71 area. It's at 558 right now, because right now I could go sideways for quite a while. Hope I answered that question. So the reason why I knew that there could be a dividend because I had my notation and the whole price had moved. And that doesn't happen unless the price is being changed. So now what I want you to look at is TLT. Jane asked me on the 11th, I think it was. And I did see it, but I just, I forgot who asked and I forgot what the question was. I mean, I remember there was a question and I forgot who was. We did cover the TLT. I'll do it again. The TLT is the Lehman 20-year Treasury Bond ETF, PXC in the monthly chart. This monthly chart was an exceptional move to the upside. It's done it before, but this was just another one of those guys, 111 to 148. This is a bond. This is not RGLD. This is something else, not a stock. So it has done that. It did that back in December of 2013. It went from 101 to 138 and then pulled back halfway and then went to 143 and pulled back to 111. Vicious moves, unbelievable moves. And these are bonds. So I'm going to stay with this, not as an alternative count. It could be an F, but I'm calling it a C because I think there's going to be one more burst of lower rates. And that's going to be the big test all around. So in my big picture, I think the rates have another little destiny with the yields that are pretty much in the very low range. I don't know if we're going to 0%, but I think we're going to go there. I think internationally, we're going to be forced to do that. But at the same time, I think in the shorter term, I think we're stuck between, we're at 140, 22. I think we're stuck between 143.70 and it better holds 137.30. Otherwise, it could go all the way back down to 136. That's what you will see, yields actually rally sharply. I don't think there's much in the way of rallying sharply. Let me just show you here, TNX. Just at the moment, I think it's just kind of stuck. And I wouldn't be surprised if it gets stuck. It's at 1.736 in the 10-year. If you see a trade, 18.32 is around about 18.12, 18.32. And then go above that, that's a little different. The TLT will start to pull back deeper and you'll get the bonds going even higher to retest in 1903. I have the 13th of September, 1.903. I think it's just stuck between about 18.25-ish and probably 1736 right now, 16.78-ish at this particular point. And that's really what we have to monitor because you're not getting... The MACD and Stochastic and the weekly chart had really improved a lot. The price hasn't even gone above the 14-prim moving average of 17.70. The monthly chart is suggesting, yep, got to watch this closely. You can have a nice groove up for a weekly trough and then come back down for your MACD. But in the meantime, I'm just saying, stuck in the middle of a range. I'll be right back and he calls no calls. Oh, all right, battle trap and taking conditions out. I'll talk about why I'm expecting slightly new highs and then we got to watch out. Up five in the Dow, up seven in the S&P. Divergence because of IBM lagging so badly. I'll 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 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to Bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. 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Currently, I'm holding additional deep in the money January 2020 calls and short puts. So clearly I have a lot of belief in ARWR's prospects. Do you also see a daily pee about to take out the old 36.80 high with 40 to 42 short term and 78 to 80 longer term objective? We'd love your thoughts. Thanks, Dan. So Dan, 36.80 was the high on the 20th of August of ARWR Arrowhead Farmer. And I love this in my newsletter. In fact, I changed a whole bunch of things because I put in the stocks on the watch list. I just like to keep it there so I don't forget them. I didn't add many. I took out a bunch and ARWR was highlighted. There are two others that are highlighted. I was looking at ARWR and I thought this is one because we had Agilent, which is in the medical area, but it's a different instrumentation type thing, which was fabulous. We had nice profits in that. But what happened was it pulled back sharply. And then I thought, OK, let's switch as we've done before. We've switched from others for shorter term trades in the same sector. But it hasn't pulled back. It went from 25.97 so on the 20th of August it's at 36.80. It drops almost 10 points a month later, 9.30. And it rallies all the way to today on the 16th of October. It's at 36.58 high, just about 30-something cents off the recovery high, which is all-time high. And it looks really good. And it had that peak-y pullback in the weekly chart. What do you do when a stock does that? And then it makes a new recovery high in a V-shaped formation. Wow. All I can say is that I looked at this closely and I think that I'm going to have to call this a C. Let us see in the monthly chart if it goes to 36.81, even my one penny. I love what you did. I've kept it. I couldn't remember who it was that handed it down. It was you. And I love what you've done. You've planned your trade. You've trade your plan. Just wonderful activity. Now, what do you do when it's about to double top? Well, have a look at this in the Chapman Week methodology. We can go from the left side, 36.80, to the low that was made right there. We can go click, put in the right side, price-time-match, call it a Chapman Week. Let me just kill this right here. What we do is we talk about left side, right side, LS-RS, left side, right side, price-time-match. And we'll call it a Chapman Week time-match because this is a technique that I developed over the years. And if it gets to 36.81, it's gone to a higher high in way shorter time frame. I usually consider that bullish, especially since I've got a Chapman Week squash between the stochastic and the MACD. Which suggests that this should go very quickly in letters to an A, then a B, then a C. And then it might take a little while as stochastic says, phew, at 97% I need a little bit of a breather. And then that's the talk. The stochastic is the talk, that initial thrust. And then the momentum has to be taken over by the MACD, M for momentum. So I love this. I love the whole plan and everything. All I can say is that when you're getting to the previous high, that's when you have to lift off your foot of the brake just for a moment. Just a yellow light, you don't have to hit the brake, you just lift it off the accelerator and say, OK, you tell me what you want. What I'd be nervous is if there is a doji candle tomorrow, slightly higher high, but a doji candle, and then a sharp move down on Monday and Tuesday. Then I'd say, OK, then I have to call this a gray leg B. If it hasn't taken out the high, if it has taken out the high, it becomes a blue F to say, hey, we could have recycled, it's fine, nothing wrong. But it could even be an even more important leg B. And I won't have the security until we don't do that. The MACD is about, just right now, is about to cross positive. We have to wait until tomorrow to see if the weekly has gone back to being positive. If it crosses positive and the stochastic is only at 44 percent. So this is, the price has gotten away from the technicals in the weekly. But the monthly saying, hey, hey, hey, the week is always late to the party. Look at me. Look at me. I'm a beautiful green candle. I love this. And now your question as to where it could go to. That's always very difficult when you're looking at all-time highs. This has a way of screaming to the upside. But there's always an inverted doge or Chapman Wave Roman candle that says watch out. And we saw that back in the high of June, monthly chart June of 2010 hit 18.50 and then plummeted down to a low of 2.02. And then it screams and does that exact reverse Chapman Wave inverse the candle right there at 2763 March of 2014. That's four years. And a little bit over four years later, it's screaming up. If we see that, that same reversal. I say, be careful. This is going down to the 20s. But I agree with you. I think it has a potential. Let's go one step at a time to the 49 to 41 area. Just once said, no use talking about 80. We have to get to the 39 and 41. So that I love it. Good analysis. And I love what you're doing. So yes, I had it and I didn't do anything. It was on my list. I was waiting for a little bit of a pullback. Actually, I put it on the list. I mean, I highlighted it about a week ago. So it's been there and it just hasn't given me that little pullback to say, is this the time that you think you should get in? 32 is up four points. It's up 11% since then. So it's getting a bit away, but this is really good. And good analysis. Okay. A couple of things I was asked about. Let's see. What does it say here? Buy XLI. That's the Dow industrials. Buy. And what does it say? Buy. I have to get this. While talk of industrial recession. You know, I just at this particular moment. The XLI is still a better instrument. Even though it's only a leg C in a retracement. And this is the other thing that made me a little nervous. You see that it's not in D and like the others, this is only in C. So oh, it's only in C. It should go to a D. But this C is way 7775. It's way underneath the 88. Sorry, 78. Right. And the 78 last time that was made. What was it? 7979. It's underneath that. So I just have to be a little careful. You remember that big oval pattern that I talk about in the weekly chart of the XLI, which I believe is a much more than industrial than the Dow. Dow 30 is what? Nike. Nike. Intel. Procter and Gamble. Travelers. United Health. Verizon. Visa. What's in there? Just catapult of Boeing. I had a couple of others here. Not many UTX, United Technologies and Triple M. Yeah. They're not many. Dow industrials. So, okay. Dow's up six. And then when we wrap up, I'll tell you why. I think we'll just squeak to a new high. And then I don't know. And that's when. My foot lifts off the brake. I'm really hovering over the brake. Lifting off the accelerator. I'll be back. Dow's up seven. Dow's a captain. Tyger. 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Primal Edge, formulated and approved by Niko and Paige 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. Hi, everyone. So let's just do that. I had a question about left-side rice at price time matching the TLT. I'll do that on technical Friday. I'll do that. There's a chance I'm not sure if I'm going to be able... I'm able to do that, but I might have to do an early show tomorrow to be recorded. We'll see. Just had a change of plan, so we'll see what happens here. Okay. Look, the Dow. I could call this a peak C1, peak C2, little double-top action. I don't need to do that right now. We're still early in the game. We're still holding above, very nicely, above the nine-period moving average. We're in that V-shaped pattern. We've still got until the 23rd, I believe this is, the 24th to get to 27,306. And if that works out, then you can chop around and just have choppy, slightly higher highs coming up. I can just tell you this, that in the patterns that we're looking at, the cup formation, cup formation, cup formation in the weekly, and that resistance level that we're looking at here, the MACD in the weekly chart is still negative. If that MACD crosses positively, usually you've got a little bit more strength to go before it turns back down again. All I can say is, Will, I don't see anything yet that says, oh, watch out in the downside. What I am saying is I'm a little cautious because you've got your leg Ds underneath the previous highs and the down the S&P. The QQQ is a little different because the QQQ19471 was the last D, but it's really 195-55 that goes back four months. So there's a little difference there, but it is holding quite nicely. Yeah, the technicals are quite good, and then you get a Netflix like today, screams overnight, way, way higher, and then drops sharply, intraday, gaps up, and now it's up 12. This is saying to me that the whole Fang area, there's a lot of volatility that I'm still looking at, there's a lot of volatility, but starting to make some kind of a basing in the Dow, my Dow Quartet, and that to me is really important. The last question I had was in the IYT, the Transports, yeah, this is nice, but it's not great. Look, the Transports are lagging badly, but they are at least rallying. So I don't want to make decisions right now. I'm just saying we've got a list of stocks that we would like to get on any sudden 1,000-point or more drop. But at the same time, there are stocks that we are heading to. We're getting in here. I like the commodities. I didn't get a chance to do that. Look at this, screaming to the upside, soybeans. Larry Pezzavento.