 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi, everyone. Basil Chapman here on this Wednesday, 24th of May. Almost wrapping up the month. It's amazing. Well, here we are down to 26 at 33-829 on the Dow. That means we've broken that key support on the left. In the H pattern that goes to the lower case, and what I'd say for the last couple of days is if you take out that left side low, after the second arch is formed, it's got to really quickly get back above that 32,937 level, or you can get a one-to-one to the downside, which would target the 32,600, 32,500 level. It doesn't tell you when, it just says be careful. Yes, the other thing, the S&P. Now, I would have actually have gone really into the deep short side if that was a D right here at 42,12.91, but because it was a C and there was just a fractional lower high on the 19th, there was a high of 42,12,91, and the very next session there was a high of 42,89,22. There was a chance that we could make that little D right there, but then what, yesterday during the day, as I was looking at it then in the afternoon, I said, you know what, that was a big mistake because we try to get short that we missed by pennies, shorting the S&P, the three-time short position. It's a shame. I almost thought of splitting it should we do it, but because there was just a slight chance that we could have a sudden news-related spike, I wanted to be a little careful for subscribers, but look at this. When I have a parallel wave count, and I've got in this case an F slash C, if the technicals are starting to weaken and they hadn't actually started to weaken until the close yesterday and now today, that looked like it could very well turn into an F instead of the C, and that says, okay, now you've got everything in line, watch what happens, and because of that, the high that was made back in the weekly chart of the E-mini, actually, I want to go to the S&P rather than that. I'll go to the spy. A lot of people have the spy right there on the platform. It's easier to get the spy than the S&P. 41831 was the highway back. It was that August, sorry, February, the week of the third this year, there was a high, and we made a slightly higher high right there in the weekly chart at 426.72. So that says there's a really good chance that we've made. We're making a D in the weekly chart, but look at the technicals. The MACD is good. The stochastic is flat at 86%. On-balance volume is weakening. That's a clue. But the 9 is still way above the 40, and that just tells me that if it wasn't for this debt ceiling, which we knew would create for weeks, I mean, saying, watch out, we've got a very volatile month of May coming up, and that's unfolded. But the fact that the Q's went to higher highs means that buying, that the fund managers were in fact buying, and you can see that by the weekly chart, the technicals are still very strong. Monthly chart has improved, but not improved enough. We have to wait for the end of the month before we can talk about that. But in the meantime, the vulnerability of this easy to draw trend line right here hit two points exactly, and now we're under it. This is the Chapman Wave inside track, pro-palant zone. Now it's a repellent zone going the way to 4, I'd say 418 would be resistance. It's at 410 right now, but we're under it. And you can see the MACD is just a negative stochastic split under 80% to 76%. The 9-period moving average has moved so quickly down to the, still above the 14-period moving average, but is the narrowness, the distance between the 9 and the 14 is just diminishing as we speak, but it hasn't turned negative yet. So I'm just watching it carefully. At any point, it could be just an eye blink of a hint that there's something good happening and the market can suddenly move to the upside, but the trend right now, and I don't see it changing because it'll be the last minute it'll be like midnight. What are we talking about? May the 31st is Wednesday, so it could be midnight on Wednesday. I'm actually giving a talk. It'll be a webinar talk for the Boston Investors Group that evening Wednesday. It'll be online. Anyway, so what a time to do that. So what we're looking at here is the QQQQ was the clue for the queues. It pulled back sharply today, almost three points down to 3.30. But look at this, you did get your decent. All the ducks were lined up except for that one little thing with the S&P because everything was there to say there should be at least a consolidation if not a sharp decline coming in a sharp daily decline. What about the weekly? Look at this. The weekly chart made a new recovery high in the queues at 3.38.67, just three days ago. So that's just saying that this could be a very serious pullback. I've been talking about serious. Look at this. This is Verizon. Doodle, doodle, doodle. Trading in the 230s just a little while back, three, four days ago. Bam, 220. Now the 200-period moving average is at 218. Look at this. Mastercard. Bam. Trading, doodle, doodle, doodle, up at a recovery high. Just the other day, it goes to a Chapman Wave 2 bar reversal, 392.82 on the 18th, is that the 18th? 18th of May. And then 392.20. But it was 02. No, 392.02 on the 18th and the 19th, it goes to 392.20. What is it? Less than 20 cents. And you get this reversal. And where is it trading now? 366. This is serious stuff that we're looking at in some of the areas. What we are looking at here is at the IWM, which was looking fabulous just during my show yesterday, I said, nice little breakout above the resistance, but it's got to close two out of three sessions because it's a daily bar we're looking at above the high of the 18th of April, which was at 179.63. There it is. Trading nicely at the 183 level and boom. Now it's at 175. So the speed of this decline, when I look here, big deal. Dow's down 220. S&P's down 33. That's just nothing. It's in the context of the chart patterns that I'm looking at. So this is not bearish behavior in the sense that you're looking, oh my God, the Dow's down 200. The Dow's down 860, I'd say, for the day's young. Anything can happen. I'd say that is a serious pullback. But at 200, you can make 200 points up in a second. I don't think it's going to be able to be sustained if there is a reversal. And that's the thing that we're looking at. John says, Shooting Star and IWM Daily were great. Covered some of my puts at 175. Look to reload if we see a bounce. Hey, John in the den. Very nice. Amazon holding AMZN. I want to look at a couple of charts now. Yes, Amazon's holding. Apple's holding. Apple's just down 11 cents at 171.47. There's negative, not bearish, but negative action. At this particular point is that peak E is the Chapman wave. Remember, I teach these tools in my webinars that are on. If you become a subscriber, you can do all my webinars. Just the oodles of them. I discussed all these techniques. Chapman wave, inside track, repellent zone. Apple's backing out gates. Chapman wave, inside track, not repellent zone. If Apple closes under 168. That's right. I'm back. I've got an idea. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 & 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. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating investors 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. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. That's right in the tiger YouTube at McCartney. McCartney is filled with harmful conservatives to win the speakership in January included a mandatory 72-hour waiting period before a vote on any legislation. Time to say, OK, I forgot about that. We'll see what happens. All we're doing is monitoring the market. The market right now says, at this particular point right now at 10.18 am, on the 24th of May, the one-minute chart has just had an owl sign. I still have to wait for the full minute to conclude. It's in leg C off the lower 41-20. I can barely see a 41-21 round number. And we'll see if this is... I don't see this as a possible rally that goes from 41-21 to the 41-48. That's that 41-48 level. It must be a month ago or at least over three weeks ago when I drawn it in as the middle of a narrow rectangle formation. I said, I'm going to extend this. I've got a feeling it's going to be very important. And how many times have we been way above 41-48 and come back? Look at it. Yes, the 10-minute chart. I've got this dashed line. It just continues forever at infinite. And look here it is. So many times we come back. We almost touched it at three o'clock yesterday. Rally went to a peak C1, C2. Just a narrow rectangle formation. Oh, I forgot to draw it in as a narrow rectangle formation. Even that's exactly what I was monitoring all evening. Okay. And then all of a sudden it turns around, breaks the low, and it goes to 41-48. On the dot, it goes up, down, up, down, and then pulls sharply away. And that makes it 41-48 level in the next two days. Something that should be attempted, but I don't think we'll go much above it without another bit of about of selling pressure. And here we are at 41-26. That's 20 points. 20 points was almost 200 down points. Turn it positive. Well, I don't know about that. I do see enough wiggle room to say that the selling pressure is just a little bit overdone on the very short term. And therefore, yes, we should see a balance. How the balance of sustain is going to be important. A question came in. Now it's a statement, Netflix is running. Netflix is running. Okay. N-F-L-X. Oh, it's holding very nicely. It's up five. Oh, it's up six. A 362.40. Made it peak D. It's pulled back. A question had come in about, is there a place where you could start a position in Netflix? And I said, I'd just wait because of the conditions today. The 351 level is going to be really important. Today's low so far as 356 is trading 362. That's on the selling pressure for the last few days. This little pop-up is a good sign. I like the cup formation that's been formed in the weekly chart. I like the monthly chart. I just think it's kind of vulnerable to the market right now. I think it was because the setting was a little over down yesterday. This is a balance. So the question is, what do you do? My answer was going to be, but I don't believe the person who asked me this uses options. And I would have said, if you're looking at two months today, it's May. I would go July. What's July? The week of the 21st would be Friday, the third week for a monthly option. I would put that in at right now. It's a 362. Well, the question came in when it was a 351. And I would have said something in the 360s. If you really want to look out, but you could be more conservative and go 355. I would have said July. And now at 363 because the premium is not going to shrink or change all that much if it sticks around here. I'd say I'd look out and use an option rather than spend 362 times whatever number of shares you get. I'd rather use an option. And that way you're in the play. And you don't have to worry about it every hour of the day. And if it does drop down to 315, you've got at least six weeks or four weeks and then three weeks and two weeks, at least to get some money back. That's the only way I would look at it right now, although it's acting extremely well. The question came in about Uber. I must say, in my recent trips, I finally actually got to use Uber. I was not happy because I paid more than I would have for a cab because it was, what do they call it, the premium? There's a word, I keep forgetting the word. They have premium pricing. That is when there's crowded time. And I haven't gotten that. So I'm not that impressed with my own action. I've got to learn better how to use it and maybe switch between Lyft and Uber. But I think it's such a viable entity. And oh, that's right. My wife and I were at the Tate Museum on Saturday. And that's in London. This is the old one, the Tate, Britain. Not the modern Tate. We didn't have time to go there. And that's all English art. It's a fabulous museum, I must say. And right on the Thames River, we see Uber boats. Now, what did they call Uber? It was a boat Uber. Uber ships, Uber boats or something like that. I thought, oh man, Uber eats. They've got Uber everywhere. So I think that, yes, I consider Uber here to stay. I think it's really important. How do you get in here again? I don't think the person who asked me the question uses options. It makes them a little bit different. I wouldn't say difficult, but a little different. So, yeah, I would wait. I would say, you know, I like it. If I'm looking out, I think Uber legs in the monthly chart, I wouldn't be surprised Uber trading at 3832 over a period of, even if there's a huge digestion, it falls in the gap in 33 to 34 or 32 to 34. I think by August, we could be seeing Uber in the 48 to 51 area as a possibility. Therefore, an option would be a way to do that there. But in the meantime, back at the ranch, just on the very short term, it's down 33 cents. I'd split my positions and between 36 and 34 is where I would start the start of a position that's looking out and the idea is to add to it in three increments on declines and the first one would be in 36 to 34. That's the way I would look at it. That's the plan. That's not seeing, having a loss in a position and then trying to make up the loss by adding to that position. That's something completely different. This is the plan. All right, so I got that out of the way. I wanted to show you the TLT. Look at this, the TLT up six cents and 101.09. Yes, that rectangle, I'd say that by the end of May when Mike had called me from Boston and we were trading about 106 on the 13th of April, I said I wouldn't be surprised if over a period of time, maybe in May, at some point, maybe the end of May, we're very close to 106, but we're not. We're at 101. We're at the bottom of the second arch formation and that's making this whole area. Let me just pull this across here. Look, that makes this one arch. There's a second, it's a little rough, but it's an arch. Nevertheless, with that rectangle formation there, it took out the low. Now the bigger rectangle that you see on the weekly chart has the low of 99. That's going to be really important and we are trading at 101.09. If you take out that low, I think then you're now, now you're looking at yields. In fact, I'll pull up the yield chart as soon as we return. Puzzle, Jeff, $2.38, S&P's down 38. We'll be right back. 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Hi folks, we're back at the top. A little bit of a rally. It's down 201. It's up on the low just a moment ago and the S&P is down 33. I'm just pulling up the chart. There it is. This is my weekly chart that I show subscribers to my opening call subscribers and Wood, the ISHA's Global Turmeric Forestry ETF weekly chart. It's really struggling there under the 200-period moving average. It's kind of stuck for now. And look at this turnaround from a peak F. Well, it will be a peak F from Friday stays negative like this in the weekly chart of the Philadelphia Housing Index. And that's the thing that's the one aspect that I'm looking at that says if we continue to have a rotational correction, upside correction, as we've seen on the downside correction with some of the really weak, very weak 2022 to early 2023 stocks got hammered or the ones that had a rally from October had an overboard situation. You saw the way it's stuck like a Shopify had a beautiful up move and sort of stalling now just resting a little bit. And what I'm looking at here is if the because of rates, if you start to see the Philadelphia Housing Index and isn't this really what the Fed wanted? And this is the reason why I look at the yields and I say, I think yields are just stuck in a range for now. Yes, they're rallying. You can see the white one is the 30 year. That's that's the first time in ages after the 30 year is leading in the weekly chart, leading the upside the 30 year T bond yield. Then the brown is covered over there because the five year is over the is above the 10 year. So this is just says to me, we got to watch this closely because now there's a pattern that's forming that says this could become that was a V shape pattern. This is a series of these that are making look one you with a second you. So this is a larger. This is like a W formation that forms a larger you formation and that you formation sounds like some kind of illness has ability, the possibility of going higher, which means that this trend. I don't like to overdo this chart with anything, but I will do this now because it's so important. This trend line right here. I'll make it like an inside track. Chattanooga inside track repellent zone. That's going to be something to watch in June. Now even more important is that this pullback came with a close above the high that was made earlier in 2023 and it's a weekly chart of the HGX for the Dalfee Housing Index. And now it's going back into that. So if you look at it as a cup formation, that was a successful dreaded H that turned into a huge cup. It failed to take up the previous major high of 538 that was made back in 2021. I think it was. And now you've got the E pulls back makes a cup formation goes to I'm calling this an F. I could call it. I could give it another an alternative camp but I don't want to and it's pulling back and that just says to me in the kind of rotation that I'm talking about right now, you've got, you can just see it in today's in today's charts that you've got tremendous weakness in some sectors with a VIX index screaming into the 20 area. I'd say watch out if it closes in the 20 to 21 area and congratulations. I think it was TG that yesterday said board calls on the volatility index. That is going to tell me that the selling is going to continue for a little while. So all I can say to you is watch the numbers and that is for the VIX index. The church appeared moving average of 21.20 hasn't closed above that since even here it went above it in the week right on 21st of March. It went to 24.16 couldn't hold it closed in the 21s. So this is going to be very important and that's the reason why look at what now that does only down 194. I'm just saying to you, this is not the kind of bearish action that says, oh my God, we've got three or four weeks of downside smashing. Not yet. It's not to say that it can't happen. I'm saying right now at 10 hours, 10.34 on the 24th of May. We're just looking at this is reactionary. So the volatility index has crossed L but the day is young. And that's just saying to me, there's a cup formation. Watch what happens over the next two sessions. If Wednesday today it closes in the 20s and tomorrow closes in the 21s or higher, that's serious stuff. Then you're going to see even more than just a small triple digit down move in the down. So okay, I finished with that. What I want you to say is within the context of the question came in, oh yes. I just wanted to show you. Amazon, Amazon is holding very nicely up 88 cents. Apple, I did this before, Apple down 42 cents holding very well. Goog Alphabet down $1.60, down $1.20 at 121.68. And here again, I had a problem with this. Is this an alternate count? I hate these alternate counts when I love it when it's just there to say, don't be nervous. The count is just the alphabet going up. I have to put the alternate count because one of the technicals is fading, the stochastic or the MACD. But at this particular point, this really does look like a C. My con, I can make an alternate count, but I really shouldn't. I'm calling it a C for now, just like the spy went to a C. But then I had something else that said, oh, you could use the occasional use the futures. It used to be years ago that very, very often would get over a period of a three year timeframe, I'd get a Dow sell signal based on the diamonds going to a D, but the Dow didn't or the Dow went to a D, but the diamonds went to a C or maybe a C1, C2. So this is one of those cases. I'm using this as a peak F right now, potential in the E-mini because I think on the data chart, this is serious stuff that we're looking at. All right. I wanted to just get that. Oh, question came in. Where did it go to? Oh, XLE on a two minute chart. I will do that. Why not? XLE. XLE, there it is. XLE is trading. Oh, ho, ho. I've got the one minute chart just for the moment. Peak A, look, this is the way we do the Chapman methodology. Of course, when you've got a low that you can't not identify, that's the 2020 vision. It's just fantastic. You've got peak A, B, C, D, we're in leg E. So that's the energy. Energy, yes. So on the two minute chart, let me just pull up a two minute chart what we've got here. My guess is that two minute chart is exactly the same. That's the five. I'm going to do that. Yes, two minute chart. Okay. Let's pull this across here. So I'll be doing Larry's show this afternoon because Larry has an appointment at that time. And I'm going to be looking at all the different currencies. So if you've got a currency you want me to look at, put it into the, when I do my show, the show at one, put it in just before that so that I can tell you what I'm seeing. This is, so here's your top formation. In the two minute chart, that wasn't the question. I'll see what the exact question was. I just saw XLE two minute. So you can't go to this low right here because obviously you weigh way already and now you waste. I'll go to a particular candle. And here it is. And an indecisive candle. And then I'll type in another rectangle right here. And that says based on this particular candle, in the next couple of minutes, you should try for, if I think of time wise, this time on 18.99 and 19.78. I'll be back in a minute. 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. 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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, Foreside Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. A couple of things that I just want you to do now. In this segment, we're going to get to the final segment. So this is a good time to do it. So I've written down here a couple of points that I want to look at here. So RTX. So this is Raytheon. This is Raytheon. Did they merge with DuPont? I can't remember now. It was so long ago. But I followed Raytheon for years. Look at this beautiful arch formation right here. And look at the way, the midpoint. This is price symmetry. And you've got, you broke down right on the bar, the number of bars from the left low to the upper points. The high was made in the 104 area. Comes all the way down, trading out 94-34. I would say if you're looking at militaristically, this is a good sign that Raytheon is starting to pull back. If you look at LMT, look where it's come from. From the 509 area down to 450 under the 200-period moving average for three weeks now. Peak E in the weekly chart. GD is right. I used to have this all notated. I don't have it now as pullback. Very sharp. It's down to the 208 area. It was just a month or so ago in the 230s. I made a P-A-B-C-D-E in the monthly chart. So that to me, when I look at this, I say, oh, okay, maybe this is a good sign that I'll merge the whole area of the, if I look at P-P-A, P-P-A, yes. That's the airlines. Yes, Invesco Aerospace and Defense ETF. Also kind of pulling back. Maybe that's a good sign. That's something we'd like to see, the configuration, at least money's not going into the, certainly money's going into the military, but you're not seeing in the price of the stocks. And that's saying that, I just look at it as a good sign for now. But here's the other thing I wanted to look at. The P-P-H. The P-P-H, which is the Phanek Pharmaceutical ETF, was going very nicely. I said, this is a P-D in the Chapman Wave Weekly. This is the inside track repellent zone. It's pulled back. I have to wait for the week to finish, but even this hasn't given me a sell signal yet. But look how many chart formations we're looking at. We've seen them on the downside, but now look on the upside, where you see the arch formation go to a second arch and makes a bigger one in the end. But I'd like to divide it up. It looks like a little heart, right? Oh, isn't that cute? And I'm watching this pattern, because these ellipses to the upside keep coming down. And if you start to see them take out the midpoint, in this case, if the P-P-H, which is the Phanek Pharmaceutical ETF, takes out, first of all, the daily 76, 200-period moving averages at 7706 right now. Then you start to look at the 7473 areas of possibility. And that's the reason why overall, I've become somewhat cautious on the overall marketplace itself. I love the fact that you've had some leadership, but I think even that leadership, let's go to Shopify. Why not? Let's see what it's doing. Yeah, Shopify made a peak D. And now, so if we're going down, will it fill the gap in the 50 area? I don't know, but it's a peak D in the weekly chart. It's had a spectacular move going from the 23s to the 66. So it's a double and now it's taking a bit of a breather. And that's the reason why I think market-wise, all of this fits beautifully into the market taking a breather at this particular time. That's not to say select areas aren't going to be able to move, but I'm saying overall, the market, sector by sector, look at the SMHs. The SMH made a peak E slash B. Everything about it says it's probably an E at 134.31. But wait a minute, look at the SOXS. This is the three times short. Look at the way you had this beautiful buy from the 16 area to 2322. On the 27th of April, peak D comes that makes the dreaded H. No, it holds. It makes the lowercase M fails and bam, that's what I'm a little worried about the Dow. I don't want to see that happen on the Dow. And it goes all the way down to 15.88 four sessions ago. And yeah, it is at 17.84. Today it's up 7% already. And that's the same to me. The speed with which we're looking at all these different resolutions of overbought or oversold is really important. Yes, Jim, that's true. He had it around 12. And I remember it going down to 50 cents or something. And yeah, the thing is way, way higher. So you never can tell with these biotechs. So in the meantime, back at the ranch, what we're looking at is at minus 202 in the Dow price-wise. I'm not talking about chart-wise. I'm just talking about price-wise. This is not very bearish. I mean, we've had the intraday moves of 200 points up and down in split seconds. So that's not the issue. The issue is the determination, the sustaining of a particular trend. And right now, what we're looking at is, if I'm looking at, I want you to go to the XLK. Because that had broken to a new recovery high. Weren't you a peak D in the Chapman way? That's where you've got to be careful. And now it's pulling back. And that is the S&P Select Tiger Spider Fund. And that's what I'm saying. Weekly charts still look fabulous. But the daily charts look like they need a timeout. A timeout of maybe 10%, 12% in something like an XLK going from 150, let's go to 158 to 148, something like that. Maybe even a little lower. That's fine. Or even down to 141, the 200-period moving average. So that's 18. That's about 12%, 13%, 14%. Nothing wrong with that. The fantastic move just in two months or so, two, three months, it's gone from 135 to the 158 area. There's nothing wrong here. So it is, what is discussed? And you know that on Biden's side, he gets locked in on something, and he repeats it over and over and over. When he changes his mind about something, he's allowed to do that the press doesn't do anything. And with McCarthy, whatever he does, is going to look like a compromise. So we've got this on the one side. You've got Biden, who is the president. Presidents usually have the leading power at this particular point. That's the case. And we'll see. He's going to give into something. What he gives into is going to be really important. And that can last a little longer. That's why you can see around these that are failing. And I'm looking at it politically because that's what the market's about just at the moment. And you've got to do that because you can't ignore everything. You've got to look at whatever you have. Chart-wise, price-wise. Look at this. A big deal. There's the XLK trading at $143.92 on the 25th of April. So $143 goes to $158. I would say 30 points. That's a pretty decent rally. It had that before. A little bit more from the last one. And then it gave back some in this A to B equals C2D. That's the lightning bolt pattern right there. And if we did the same thing here, you could see this come down to the $148 quite quickly. Nothing wrong with that. So I'm just saying to be ready. That's the most important thing. I'll say subscribers. We've raised some money. We missed going short yesterday by pennies. It was my fault because I looked at that spine. That's a peak scene. It should be the... TFNN has just launched their new trading room, the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den. Available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas. Interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. Decide of today and become a part of this educational community of traders. Just visit the front page of TFNN.com. 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. 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If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. So I completely forgot to go back to what I was doing before. The XLD on the two-minute chart. I drawn this in and I said bye. What time did I say I said bye? 1042, which tried to get to 80.99. Well, I'm sorry. It got to 80.92 at 1044 and then at 1046 it went to 80.98. So it missed it by a penny and two bars. So there it is. There's your D and D is what you expect in a buy mode. That's what I said. The stochastic was holding well. It should go to a higher leg and a dead and now it's making a little cup formation. So the Chapman Wave works at any time frame, anything. We do it live. I'll do some of that. Maybe I'll do Larry's show at once. So I'm going to just sign off right now because this is the end of this particular show, I'll check out my opening call. My daily newsletter that we'll be all looking at in this particular instance is NVIDIA. Earnings come out tonight. It's had a spectacular move, but it's had four days in which to pull back. So there's a chance that the news is really good. It has an overnight spike, but by tomorrow morning that spike fades a little bit just because of market conditions. But as I'm looking at it now, it's full almost everything in the Chapman Wave methodology that I look at. Yes, your left side, right side price time match. It went to it within the exact bar of the weekly chart at $289.46. Way back from April of this past year. No, last year. And there it is. Same number of what? Now it's gone above. That makes $289.46. Very important. Starting to close two bars out of three at a weekly chart below that says up to $267, the 14-page moving average could be hit. But this is going to be quite important because $346.47 was the all-time high hand. Wrapping it up. Handing it over to Steve Rose to continue the great program we get here. If you didn't, I'll be back at one o'clock each time to let you show his away. And for that hour, and I will be there. So hold tight. Day is young. Anything can happen. See you in an hour or two.