 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, Basil Chapman. So, let's get right to the stars down 25 at 26,000 and 5 at 28. Suddenly, it had a good rally early on this morning. It actually opened at 26,000 at 594. Went all the way to 26,611. Actually, let me just show you right here. Look how many resistance levels there are on the 26,600. It's right there. This is the automated Chapman wave projections of support and resistance. Well, it got repelled, but then it dropped sharply. Went from 26,611, 200 points down to 26,419. But now it's right back to 26,527. This is a pretty darn good action. But one of the reasons is have a look. McDonald's MCD. McDonald's trading right now up. It was up three and a half earlier on. Actually went all the way to 200 round number high. No way. Well, first of all, no way that McDonald's is actually up in the 200 area. So, 200 in a leg G, R, N, high. Doesn't mean anything because we're at 198,31. Just an eye blink away from breaking 200 round number high. But if in the next three days, McDonald's goes to its low of today 195,50 and then takes it out and then goes under 194,70. The 200 period expansion moving average. There's a good chance, especially based on the weekly chart, that there could be at least a minor pullback to kind of fill in where the little doji candle was back at 193. I'm not saying that's even what I expect. I'm saying that's what I'd be looking at if there was a pullback later today going probably under 90s at 197,30. Closing under that, giving back three points from the gain. But this is really good action. In the meantime, back at the ranch, got to admit that. And it is McDonald's. Do you remember? What was it about two years ago, a year ago? I said, if I had to ask, and I did, I asked a number of people, just friends, casual acquaintances, I'd be talking and I'd say, hey, if you were looking at the market, would you think that Whole Foods? Oh, this is before Whole Foods was taken over. So it was before Whole Foods. Whole Foods was trading. Where would it be trading in relationship to McDonald's? And invariably people saw Whole Foods should be way higher. But it wasn't. Why? Because majority of people, majority, that's not necessarily in your town. I'm just saying majority of people around the world kind of like to go to McDonald's. And they've been improving the quality of their food for a long time. Very interesting. Congratulations to McDonald's. All right, enough with that. All this little chatter. Let's get back to the down. I wanted to show you something because it's such that we're closing out the month today, right? Tomorrow starts May. So that means that the candle here in the weekly chart, if there is no new high about $26,695, this week, going all the way to Tuesday, we've got all week to go. If by Tuesday we have not gone above $26,695 to extend Leg C in the weekly chart, we've made a peak C. And that suggests that at any point, if there's a trade below $26,310, the low of last week, and then a close below that level, we should be going lower to at least the $26,188 level. The nine period moving, that green line in the weekly, possibly even testing $26,000. In this case, the 14 period moving average is $25,941. This mixed conglomerate that you're looking at is what's called the Dow industrials. I mean, McDonald's and industrial. I mean, they might use industrial equipment to get that chopped meat, but it's not an industrial. All right, so we're looking at something that's a little unusual in that the makeup over the last couple of years of the Dow has become very, very mixed, very much like I talked about the XMI from years ago. So let's get to the nitty gritties here. If there is, in fact, the MACDs, DADs, negatives, castings down at 74%, but it's trying to cross positive on balance volumes, not bad. If there is a move that takes the Dow above $26,600 into the $26,700, especially if it's this week, that's very good action. There's no question about it. Then this rising wage formation in the monthly charts suggests $27,000. It's probably going to happen sooner rather than later. I'm thinking it's later rather than sooner, but we'll see. You just got to do what you got to do. Look at the S&P, made an all-time high, and the Dow should be following reasonably quickly to the upside. That's 500 points. Right now it's 400 points, 450 points. So the S&P could make a lag D above the high of 29, 49.52. Let me type that in. 29, 49.52. And that would say that it's extended this leg C in the weekly chart, maybe goes to a leg D, and then we might be pulling back a little bit, but this is broken out in the monthly chart. It's very important. IWM. IWM is looking, holding quite nice. It came back from a very weak earlier part of the session, hit the 14-period moving average for the, I don't know how many times, many times over the past two weeks, and now it's above that. It's above the nine-period moving average, 174 cents and 158.29. In the leg C in the weekly chart, just a modest leg C, still struggling, still way behind the 173.39 August of 2018 all-time high, but a fantastic comeback from the 125s below of December, trading right now at 158.27. So we were watching that. Now I'll go back to Gold just for a moment. Gold is up 3.7. This is nice action, but it's not great action. It is good that it held the Chapman Wave inside track propellant support level. Now it's pumping against them in the weekly chart. Now it's pumping against the nine-in-the-14-period resistance levels, but the MACD's negative and the stochastic is really poor at 13%. I just don't see anything for Gold just yet, not the big moving Gold. And what I am looking at here is that the Silver, the Gold is up 0.27%. Silver is up 0.18. Up 0.02 at 14.96. Lousy action. I'm sorry to say just, I'm going to be polite. Lousy action. Let's just for a moment looking at Palladium. I was going to look at Palladium. Yeah, stuck in the range, but it's in the higher level. That's good action at 896.80 down 450. But nothing strong yet. It's just up in the higher range of this move that went from the 770s to the latest move. It went to 920, just about 920. Now it's pulled back. It's at 896. Palladium. Palladium is up 170, but it's nothing to see here right now. I said that I would do wheat. Well, oh my God, that's terrible. We are out of our DBA, which is the agricultural ETF. We gave it the best chance we could. It didn't work out. And look at the soybeans. Oh my goodness. This is terrible action. That suggests that the dollar actually could go higher at some point soon. Corn is down one and a quarter, two and a quarter at 359. It was one of the better ones. Now we'll talk about the dollar. The dollar is trading down 24 pips at 97.62. Made a peak D, holding the 14 period moving average. I'll talk about that in a moment in the Europe. Baselchap and Tiger Technicians. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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You can still visit us at the same tfnn.com URL but when you do, you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. Hi, everyone. So in the patents that we always look at, we're looking at cup formations in the chapwave and arch formations. Just three patents straight up, straight down, couple arch. And within that context, we are still looking at the dollar holding very nicely, especially the weekly chart. It will almost certainly make a peak D if there's no high above 98.33 this week. But I need one more down day and then I have to put a down arrow in, although the stochastic is just under 80%, the magnate hasn't turned down yet. But these vicious turns with the light green line pulling back very, I call it the Lamar track turnaround, if that crosses negative from here, that dollar is going to be going down to the 97.30 area or 97 quite quickly. So this is going to be an important moment for the dollar. Meantime back at the ranch, it's not everything I wanted it for, subscribers getting to the 98s from the 90 level. It doesn't sound like much 9%, 9.5% over a year. And the currency, that's a big deal, especially the dollar. And the dollar's gone to legacy in the monthly chart. I love the way it looks and the MACD is still strong. Technically in the weekly chart, let's see what happens. But if you look at the euro, the euro has had a couple of good days. Look at this, green arrow three days ago, nice green candle yesterday, another green candle today, then got repelled at the 14 period moving average, trading at 1.204 right now. And I would just recommend that keep an eye on, I've got this cup formation, big bowl formation actually, meaning that it's more a flat basin type thing than a cup, sharp left side lip and a sharp right side lip. This is just flat. And it is looking, especially look at this monthly, if it closes this candle right here in the monthly candle in the euro dollar currency pair, the stochastic in 18% is really not good in the weekly chart and the MACD quite good actually. Stochastic in 11% in the monthly and the MACD is still very poor. But imagine just visualize, if all of May says there isn't a new low underneath the low that was made at 1.111, gee, you think you'd run out of ones, right? 1.11121. Let me just double check. I never get these right. 1.11121, I do get them right, good. And that was on the 26, yep, the 26. Let me just put that in. So call this the 26, which it is, of April. And I'm just putting it in. I'll make it very light because these things get taken out so quickly. But let's say that it stays there. And this is a leg A. And for some reason, all of next week, there's no new low. And in fact, it tackles the 1.24 to 1.27 area over the next two weeks without taking that out. That could be a turnaround signal. And then I'm watching the dollar very closely. Because even if it's a turnaround, I suspect there's more backing and filling to do in the monthly chart of the euro. But it could be a nice rally, maybe a six-peak rally. Who knows? And in that particular point at that time, the dollar could quite easy come all the way back to 95, 70, just have another big consolidation. Higher highs, big consolidation. Higher highs, big consolidation. That could be the theme. So just let's keep watching that. Now, I know the Fed is trying to push the dollar down. We've heard this. You remember when Paulson used to come out and say, oh, we want a weaker dollar. And the dollar was screaming to the 103. It was screaming to the upside. So don't listen to these guys. Because they have to try to talk things up or down or whatever it is. I was looking at the price. And the price right now says the technicals are still good enough to make even higher highs. And I think it's the currency of choice based on the economic conditions in the United States being some of the best in the world. Therefore, the currency often represents that. It's like a little flagship thing. Maybe it's like an icon of success. All right. Just at least for now we'll talk about it like that. USDJPY had had that pullback after peak D in the daily. And it's still acting quite well. But it has done everything we wanted out of the yen. We wanted the weekly chart to make another D. It keeps doing that. It did it again when it went there last week to 12. So it was 12.4. Yeah. 12.40. And now it's pulled back. It's at 111.39. Just digesting the gains. Now, if you're looking at... I had a couple of questions. I'm going to get to them in a moment. So let's do the TLT. I've been talking about this for quite some time. I see that the... I share 20th Treasury bond ETF. It's stuck in a range for now. It made a peak D in the weekly chart over at the 126.69 area. It's hugging the 9 and the 14 period moving averages. I wouldn't be surprised if at some point if the market starts to show some real weakness that it slides underneath... No, other way around. I wouldn't be surprised if money starts to go into bonds with the TLT rallying if this market starts to come back sharply. So far, it's held very nicely. But I suspect if the Dow goes under $26,320 and then down under $26,280, you'll start to see money flow from the stocks into bonds. You'll see the VIX start to rise. It's kind of the... That's the scenario that I'd be looking at. Meantime, yields are just stuck in a range. Look at this. TNX. There it is. And it's trading at 25.16. Made a peak D in the daily chart. But the weekly chart is lower lows and lower highs. And that will continue until a point where all of a sudden, I think you will suddenly see a big surprise as the yields start to rally. But it'll be a surprise because you're looking at it over a period of weeks. But I would not be surprised. My surprise would be if there is a market pullback and money doesn't flow into bonds, then it's going to say something else is happening. All right? So I've covered that. I've covered yields. I don't know why I keep getting a message yet to say. What was this? I read it exactly the way it was written. It's oblivious. You don't understand bonds. And now apparently you don't understand the VIX either. If you short the VIX index, you would buy the TVIX, not hoping it goes down, but up. Your constant memory losses loses, it says. Or showing you need help. Please go and get some drugs. They might help you. I don't think I need that. And when it comes to the VIX index, I think I've proved over the 20 years that I've been watching the VIX very closely, probably more, that I really, really do understand the VIX very well. But be that as it may. And I don't know what you're talking about in the bonds. Well, first of all, if this is the highest short position, there's always the same person. It's Paul. Paul has a problem articulating in a clear manner exactly what he's saying. But I'll deal with whatever comes my way. The other thing is, if you're shorting the VIX, it means you are shorting the TVIX. Why? Because when the VIX goes up, the market goes down, Paul. It's not the other way around. That means that fund managers are shorting and shorting and shorting and shorting the VIX. That's what it said yesterday when I read that report, meaning that they think the VIX will remain low and that the market will go high. It's a benign look at the market. Wrong way to what you're discussing right now. The VIX goes up when the market is ready to go down. All right? It's not the other way around. All right. So, back at the ranch, we're looking at the TVIX. Crude oil is trading right now. Up 44 cents is in this range. Remember, I drew this rectangle. It's kind of stuck in this range. I'll be right back. Basil Chapman does down 23 S&P's down five. Be right back. 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 in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. 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Get your copy of The Art of Timing the Trade Chart today at www.TFNN.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com I want to go back and I'm looking at GEG is trading at $10.07 up $0.35 right up to the 200 period exponential moving average at $10.51 and did $10.53 today trading now down sharply from that level but still a gap up yesterday closed at $9 and $0.74 $0.73 had a high of $0.74 and then it spikes up sharply. If you look at the weekly chart it says yep great move but I still think it's in a consolidation phase and that there's a really good chance that later on GE will really pick up steam but I don't think it's going to be for a little while. Could be wrong about that because I don't know what was said today but obviously the marketers at first thought it was fantastic and now on consideration says yeah it's very good but it needs a little bit more proving and that's what I see in the weekly chart. So I still see GEG stuck in a range yesterday I was saying I liked it in the sense that I was asked about it as a long-term position. I said yeah you could start a position right yet it was in the mid-nines and now it's capped up so you've got a bit of a bonus just to say you've got a little cushion I would not add to it right now the reason why I wanted to bring up GE is we've been looking at it for a while we're looking at I think it was a $9.20 to $8.80 area I said that would be the add to position it went down to $8.98 on the 25th now it's run up very sharply almost a $20 huge gain percentage gain but I do think that now it's going to make a higher it should make a higher low in other words now the $9.33 to $9.48 area would be the next very sharp pullback support okay now I wanted to also mention because it was discussed by George in New York George also just wrote this morning good morning Basil hoping all is well just an update I started a new long position on Oxy let's go to Oxy Oxy at $58.03 and I think I'm going to discuss this because other people might want to hear it a lot of people have a lot of respect for George he has longer term positions he's not afraid to sit there if it comes back a bit because it's a longer term position so for reasons as far as one Oxy is off a 52 week high of $87.67 on the 7th of June 2018 absolutely good good did make the H pattern and that's very important number two has the largest average in permanent basin at 2.5 million acres as of 2016 year yes presently for fracking announced in three announced late last week will offer Anadarka higher price than was Chevron offered Anadarka number four based on present earnings of 530 to 4 2018 year that just passed in its medium P of 16 the value is 84 and 5 dividend yields of 4.76 that's a very nice dividend yield I would also consider that dividend yield is something now that I would consider only for number 6 which is confirmation today with Buffett pledging $10 billion to Oxy if Anadarka deal goes through have a good show George New York so George I'm kind of with you on this now for my subscribers would I put this in the in the pocket of the portfolio that we have I would probably say with a caveat a big caveat why because it seems to me when they finish with all the spending there's still a chance that over the next will be in April finishing up so you may by July about July the 10th of July maybe through August the first or second week of August we could have had some kind of by that point we could have had a rally and then I start a pullback that says whoa the whole digestive thing for this particular move is costing us a little more than we thought that almost always happens so there'll be some kind of a pullback so I wouldn't be surprised if the 55 even the 53's are tested but if you're looking out especially with Buffett there I think you're right I think in the long term look I'm talking about two years to three years I would not be surprised to see it have a really good rally to the 65 72 area and if we can go higher than that that'll be very impressive but yes I agree with I like your thinking just not sure that at least for me it's the kind of thing that I'd be looking at for subscribers for a couple of reasons just named a couple there right there so let's just do the next thing which is had a question about where were there oh the transportation's IYT what does it say transport minus one couple of them are having big pullbacks yeah I'm anticipating some kind of a pullback I mean we had a great move from 186 where we got in for subscribers to 200 I it's not it's not the full position I didn't really even want to take profits I want to rather be thinking in terms of adding to this at some point I think we're getting close to some kind of support I'm not sure we will break and close for more than a couple of days under 190 maybe it goes back to the 188 area but maybe I shouldn't have given back some get some of the gains but you know this is I want this more as an add to position so I didn't want to get too carried away with you know hopscotching around in and out I like what I'm seeing so far that's important the next thing is the XBD well let's just look at the IAI which is the this is the iShares broker dealer ETF trading at 6349 we went all the way yesterday to 6412 we've been long since about 60 I like this this is with the area that we spoke about in my webinar discussing in details say we're going to start putting positions on for certain reasons this is one of the reasons now I say the cup formation key what happens here we could start a bit of a pullback with the XLF let's see what the XLF is doing XLF what was the question about the XLF also making a peak D very nice action here we are long bang stock has done very nicely the XLF is a 2790 the S&P select financials I like this action it's in lake sea the week I wouldn't be surprised if there's some kind of a pullback here I like it I want the XLF the the financials to do well I want to see the XLF breaking into the 2880 2920 area in May that's going to be really important I want to see that because I want to see this trend line taken out decisively okay next thing I'm looking at here was a question here could I look at the XLI this is the S&P industrials see this is only this went in an alternate wave count I couldn't do anything with this this went to a C I suppose I could call it an alternative count nah I can't really this is gone to a C and it might fail I don't know it might be telling me hey just be careful because there could still be a leg D to the upside in the industrial the S&P select industrial fund spider fund and it's trading at $77.78 right now it needs to get above $78.95 to start a leg D it could fail because it's under the previous major high but most importantly this is a leg C which will make a peak C if there's no new high this week watching it closely XLU question but I had one first which was I don't really see anything just yet how can I put this whatever this is called this is called Farfetch limited and it's not really Farfetch because it's gone from the 16 almost around number low 5099 on the week of the 4th of January and it goes to a peak B a skyrocket all the way to 31 point 60 pulls back to the 23 right now it's a 2497 I think it's stuck in a range so I'm just going to say I don't know if I'd go long this right now I do like the technicals improving I'm not sure I'll be right back down down 22 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 and it's going to be available 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 20 is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 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per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV for the latest market information I just almost very short of basis let me just say the E-mini down 250 right now 2940.75 pretty good action because earlier on it slumped all the way it went from 2945 to 2926 20 points down and now it's only 250 down this is very good and if it starts to trade above 28 hold above 2943 I'd say that's really good action on the day if it suddenly turns around and starts to go back down underneath 2936 I'd say be careful for the close now what's really important about this in the Dan Coda says ouch on goog advertising not so hard yeah so this is an alternate count F-slash-C I was going to do this yesterday and I said I'm going to call it a C for now but I do want to put in the F-slash-C just in case but I just didn't have any idea that there'd be this kind of damage down 105 points at 1182 right now and yesterday closed let's do this a close 12 let's see 87.58 having hit 1289 27 so this is a whopper of a decline leg D look at that leg D from the 27th of July of last year 27 1273 89 was a peak D high goes to trough E at 970 that's a real big decline makes a new all-time high and then that's a leg D and now it's pretty much going to be a peak D and then look at the weekly chart I would say G-slash-A and I was going to say because it's the same analysis I've done for all the charts that have had this huge reversal from the December lows and then made a V-shaped recovery I was going to say I'm going to keep it as a G-slash-A everything about the move thus far is suggesting that even if it's an A there could be a pretty good pullback and then start a brand new move going into too early 2020 into much much higher highs but let's just leave it at that and I'm going to just say the same thing right now let's just leave it at that we don't have any position in a $1,182 stocks thank goodness we're just looking at it but this is good action on the Dow I must say think of any other time when a major stock like a Fang stock takes an 8-9% dive and the market says ho hum yawn I mean this I have to myth this is good action so far let's let me say the digestivates couldn't go on a little longer I was asked about the SMH's the SMH's up 97 cents 116.17 the key ones that I'm watching have pulled back but there was one that I saw when I was at the health center this morning go buy on the ticker I'm the only one that any of these places that ever tunes into the financial markets so what was it called what was it NXPI I see NXPI going by up 6 up 7 then I remember I remember seeing exactly the same thing 3 months ago when it was doing the same this is NXP semiconductor this is the Netherlands goes to a leg A B see this is leg D in the daily it's only AB up it's D in the weekly as well gaps up huge gaps up from yesterday's close at 90 this is amazing yesterday's closes at 102.86 it goes up to 107.70 earlier on during 104.86 still holding halfway into the week let me just do this so that we've got apples to apples so we've got that's good so we've got the daily in leg A peak A leg B peak B leg C peak C and now leg D gap up and you've got the weekly in A B C leg D very nice action and it's only in leg B in the monthly and I can't give it a buys I can say buy signal but it's not a buy mode yet so this is very good action that's really helping what did Intel do got it slammed the other day now it's up a little bit yeah it's up a full 14 cents at 51.25 so let's look at advanced micro devices so advanced micro devices comes out today with earnings now the stocks that have run up into earnings I know that you can't make a rule of this but some of them then gapped up off the rally but some of them ran up and then just pull back very sharply so I'm looking at this and I'm saying well I can get no information here other than to say peak E in the weekly a very good rally in the monthly in the monthly from the low that was made in December in the 16 area 1603 goes all the way to about 30 but the all-time high was this last high we're not all time the last I was 34 point 14 in September it's cut in half goes to 16 03 in December so this is a pretty good move so I'm looking at this and I'm saying advanced micro devices from the pure technicals I would say there could be some residual strength but it's priced to perfection if there's if there's any disappointment 25 is just coming right there within a two points down 8% book just like that but if there is a price in the upside that really is going to impact the SMH is and that SMH which is this particular point is showing at 160 02 making an arch formation let's say the technicals are not that strong but it is holding okay did gap down the other day one 20 71 was the last high all-time high actually on the 24th of April I'm watching this closely because if there is weakness which I got a feeling there's going to be weakness we'll see what happens the XLK which is the S&P select spider tech spot fund has not really done very much it actually didn't get blasted based on Google must be in there surely tech sector so it's holding very nicely it's down four cents a 78 54 watch this closely because within this context if there is a look the magnies just turned down so castings now at 80% this is really on the cusp it has to be is priced to perfection at least for this earnings around anything bad happens be careful so I thought I'd cover those things one thing I'm missing I did that I did that I did that I did that I did that I did that I W and I did know I why see I why see is the right there I why see is the ICUS consumers services each of its Amazon comcast disney home Depot Netflix McDonald's Walmart Starbucks all I did that I wanted to do it right now and this is very important because it recycle women to ABC see wow it's right at peak D as we speak right now it's a little extended, starting to get tired, still acting very well just down 66 to 217. This is the IYC, we're looking at it closely. I'll get back to you in a second. I want you to add a question about Costco. So I said I'll do Costco together with Target and Walmart. So peak Dean Costco trading at 244.24, down four cents, made a peak in the daily. Only a leg C in the weekly chart and I think it's getting right to the left side testing of, made a new all-time high. I'm calling this a leg G in the month. You've seen so many of these. I'm going to have to do a lot of work to find out whether I'm calling this a G stash C. I think it's going to be a C more than a G. But look at this, Costco holding very well. Has to hold 241 in the next two weeks as if it goes under there, it starts a consolidation that'll impact the weekly as well. Walmart, Walmart, WMT trading at 102 up 43 cents has the same thing, peak D in the daily. Hasn't made a new recovery high in the weekly chart and it's kind of working real hard. And look at Target. Target had a gap down after a peak D in the daily. You know what? I'm going to show you something interesting when we get back real, look at Amazon, I'll be back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastery Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to tfn.com and click the newsletters button near the top of the page. tfn.com, educating investors. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter, and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today, our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primal edge daily nutrition. It includes a special blend of ionics, oil-based vitamins, minerals, fatty, and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They have been called miracle molecules because like sunlight, air, and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. 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 tfn.com. Hi, folks, this is Steve Rhodes. Stay tuned for another great hour of The Trader's Edge, heard here at tfn.com. Hi, everyone, we're back. And let me just fix a little bit of problem. I got you a close. There it is. Oh no, that was a mistake. Let's get out of that. Get rid of it, get rid of it. Delete, remove. Okay, so what we're looking at, oh, I made a big change. I should never have done that. Done. All right, so the IYR is holding quite nicely. What we were looking at is Amazon, that was during the break. I was just doing that and that messed me up here because I did something I shouldn't have done. I'm gonna have to go back, make some changes. No, no, no. Amazon trading at 1924 down 14. Have you made a leg E and a possible peak E yesterday? And I'd be a little careful here. There are just so many Ds and E's unfolding. I think that we in for a little bit of a consolidation. We've started already. 1956.34, that was a very good year. I must have been 56, I don't know. And we're looking at on the 29th, it does that. Just pulled back a little bit today on the nine period exponential moving average. But I'm looking at this as a leg D in the weekly chart. This is kind of where other things can happen. Remember the Chapman wave? Leg D is where we look for other things to happen. So just be real careful now. What am I going to do about that particular issue I had a problem with before? All right, well, let's keep going. We're looking at, so Costco, I think Amazon has really impacted these other stocks a lot. I will talk a little bit more about it, what it means and what's gonna happen. Let's see what the close is like today. It's very important to see where we close the last day of the year. There is some buying coming in in the month and see if there's beginning of the month in May. We'll look for that as well. Meantime, back at the ranch, just remember that we're looking at a kind of a rotational correction going on here. Massive pullback in Google, but the others are holding well. Intersector, we're looking at some of the semiconductors just getting hammered and then others have been holding quite nicely. So advanced micro devices tonight is gonna be very important. We're gonna have a lot more tomorrow. I'll be back with Tom a little later on today. Meantime, we're looking at some of the positions we have in my opening call. They're still holding very nicely. I like that. That's gonna be very important. Going into the first week of May because these are looking at the bigger picture. So we'll be looking at that very closely. Hey, thanks for being here. Have a wonderful day. Otherwise, I'll see you a little later on with Tom. Check out my opening call. Otherwise, I'll see you tomorrow. Have a great day.