 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, folks. You've got to consider there is a chance that today we might be making a climactic volume low as we'll see what happens in the on balance volume if there's a sudden spike to the upside after the low was made. And this is going to be very important. Why? Because the Dow, I've got the TBT up now, but we'll come back to that. Let me go through all the numbers. The Dow screamed. It just gapped out. It was up 300. It was up over 300 points earlier this morning. And then as the CPI, a number came out this morning at 8.30, let me just show you this very interesting thing right here. Let me go to the, there it is, the 10-minute chart. It had made a peak E earlier on from the 3 something in the morning low that was made. You went to peak A, peak B, C, D, E, then it pulled back, made a low, low, and then started peak A, B, C. And then in the Chapman wave notations, it went to a D, popped up to an E at 8 o'clock, held very steady. This is the E-Many futures in the 3630s. And then screams up to 3644.75 just moments before the CPI data comes out at 8.30. And at peak F, it plummets. And it's also, you know, I've spoken about this often, especially in my webinars. I talk about, I have the Fibonacci extension, but I put in the 300%. I don't think there's a 300% in the actual FIB, but I put it in, 200 to 300%. And 300% so often is it goes to the extreme. I know Larry Persevent always talks about 382, but that's usually a retracement. This is the expansion. So 300% it pops just a tad over there and then it plummets down from 36. This is the futures. 3644.75 to the low of 3502.00, around number low. It's kind of hurting right now to look at it because I got in there at 3515. And the platform I have for some reason, usually it's just fabulous, but all of a sudden it's sort of just so crazy numbers. And I thought, oh my goodness, I've got my show coming up soon. I better just get out. So I got out. And yet it is now 3552. It happens. That's the way it goes. We have the Georgia period moving average in the one-minute chart. This is a fantastic move from the high to the low and then back down and then, sorry, high to the low and then back up. And here we are at 3553. Of course, that's 90 points lower than the high of the day. But right here, stalling at this 200-period moving average, leg D in the two-minute chart. Fascinating market. Is this going to be, now I can go straight to what I want you to do today? In any case, regardless of whether or not we didn't know whether the... All I was thinking of and the reason why we have the Doug Diamonds is that they had a fabulous rally from the positions that we bought early yesterday to earlier this morning when they were rallying. And that's happened so many times lately over the last week and a half or so. Where in today or even hour, you've got some really strong moves and then all of a sudden it changes direction. And if you were too short, where would you know where too short unless you were just very lucky to short? Just before the 830 announcement today, I do believe some people in the den said they... I believe they said they did. And that saw a spectacular immediate over 100 point just collapse. So now this is very important as far as I'm concerned. So the INDU. And that's the reason why for a long time I've been saying that the intermediate term, if anyone has a short position from some time ago and is still holding it, keep that as an intermediate term position because with a volatility index as it is in this high position, yes, we are really close to some kind of a market reversal. But you have to treat it as a counter-trade rally. That's number one. That's my opinion. Number two is when the semiconductors... I'll get out of that now. Let me go to the semiconductors. When the semiconductors go from 318.69 in January in this incredible arch formation to the left side low, and this is the borrowers showing up. I believe it was yesterday. This doji candle low, sorry, doji candle halfway marker of 184.61 in September of 2020. This is called the 184s with the 163s of support. And looking at this set, there's a chance that at some point we could make a left side, right side price time match, and that would take you to about January to get down to that 163 level. Well, it turns out that today's low was in the 166s. So we are very close to that. And of course, this is October. And when you're looking at the semiconductors, the damage that's done says, yes, at some point, just on a purely technical level, there should be a very strong rebound. Of course, a strong rebound could say, maybe we go back to... What is this? So this is Tuesday. Wednesday, Tuesday. And Monday is open of 187. That's 15 points. Well, it can happen, but it's going to take a lot. And right in the chat, we have inside track, propellant zone, the very end of the support level in the semiconductors and the daily charge. The weekly charge still says you can go a lot lower. So this is a very important session because if by the end of the day, we can go on at least a rally back. It doesn't have to close positive, but very close to the closing level of yesterday. Let me show you something very interesting here. So I'll go to the VIX one more time. Yes, the VIX index. Now the VIX index. And what is fascinating through this whole thing, the VIX has actually been down. It's under yesterday's high. And that high, if I remember, I said yesterday we're going to be watching this closely because there's a chance that I'll need to do a vertical test. I'll do it now, but this isn't the real one because I have to wait at least another day or two. But the vertical test of the higher 34.88, not about the 29th or so of September. Look, the MACD was strong. Stochastic was just over 80%. And now the MACD is stronger, less so than it was on the 28th. And the stochastic is at 76%. So you start to see the VIX index and look at this with all the everything that's going on. Look at the volatility index in the Chapman Insight Track repellent zone. It's back inside this repellent zone. Wouldn't you think that with the news today and the Dow is crashing 400 points, the S&P down huge that the VIX index would be much, much higher? No, it hasn't worked that way so far. So when Friday's close comes, if the VIX index on a closing basis is actually under 3159 right now, that's going to hint that that repellent zone is working yet again as it has done since the February high of 3779, which was under the January high. And that started the trendline to the downside. I'll be back to Dow's Dow on 170. Amazing. It's a piece of stuff that you want to take action off the low. I'll be back. 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TFNN.com Educating Investors There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll free at 1-877-927-6648 internationally at 727-873-7618. Hi folks, we're back and you're looking at the data. 137 SPS down 28, very impressive comeback. What we are looking at is a question came in about equity, natural gas and hydrocarbon. Yes, it's holding quite well. It's at 4301. One of the things that has kind of been a recent issue that is a little unusual at this particular point is that natural gas going into, yeah we are into mid-October, just about. You're looking at down at the bottom there, when is natural gas going to pick up? Because you would think with everything that's going on. Natural gas with heating or heating oil, everything coming into the winter months that should start to show signs. So all I can say is that if, look at the numbers, and if natural gas by next Wednesday, yesterday was Wednesday, so if by this coming Wednesday, Wednesday is closed. If natural gas is able, if it holds the 630 neck, it mustn't go down there. Well, I have to give you the numbers. So let me just give you the number in the dreaded H pattern. If it holds this continuous contract, if it holds 6.305 on any pullback, even if it goes under but it goes back above, that's going to be a positive. Just in terms of support, if it closes sharply under that level towards 6, I don't know when natural gas is going to come ready into its own in terms of uptrend because now it's in decided downtrend. So this is the number you're looking at. 200-period moving average is 6.98. I'm not really too interested in the 200-period moving average. It's this high that was made on the 6th of October of 7.188. If on any day there is a pop in the next, oh, I'd even give it a week, but over the next week, if there is a pop that sees it touch that level and then treat the 8.98 level as support and then manages to start trading. I don't mean to go for a day or two, but start trading at the 7.35 level. That's kind of what you want to see on a very short-term basis. Say, hey, maybe there's a bit of a turnaround here and the turnaround could ignite further buying, but that's what you need to see and you need to see it fairly soon because if you go back to what we were looking at a moment ago, we were looking at, oh, let me just find that again. The question was EQT. I know this one so well, I keep forgetting what the symbol is. Usually I remember the symbol EQT. There it is. It's the same thing. It's a pattern, but it's kind of magnified. It isn't quite the same as natural gas per se, but it has got the spike up and then a pullback. It's holding way better at 42.88. This, to have a comparable move, I want to daily close above 43.83. Now, I'm going to go higher than that. I'm going to go above 40. Make it 44.20. Close above 44.20 any day says you've got now a potential cut formation and that would make the comparable high of the 6th of October. In this case, it will be 44.92. Start to trade in the 45s. All of a sudden, this is in play. I do think it's in play just based on the weekly and the monthly chart of EQT natural gas and hydrocarbon. This is trading at 42.89 down 69 cents today, but I do think it's in play. It's just that I don't want to see if it closes under the low of the 11th that was three days ago of 41.77. If it closes below that, it says you're going to have to wait, but that chart pattern is even a little bit better than natural gas, but of course you want natural gas to lead the way. That's what I'm looking at. In the 46s at any point over the next seven sessions, maybe it's not enough. In the next trading, eight or nine trading sessions, that will say finally, you've got yourself some upside activity and I'm going to make a note of it because I think this is one that has the potential to do well, and these first to get over the resistances. The next question came in was a statement TSM. That's a Taiwan semiconductor. That's a really nice move. Almost filled the gap from three days ago. This is kind of what you want to see. Oh man, I used to have these things all notated. It must be in a different file. It doesn't matter. So there's peak A, peak B, peak C, peak D. And peak D is right in January, I believe at 145 round number high. Wow. 145 round number high and that is 122. And now we're trading at 65 having made a low today of 63.32. Gosh, these moves are just unbelievable. And the speed, look, lower lows and lower highs, almost every single made a little peak A once somewhere around June and then it plunged again. So yes, this is a good start, but it's only a start because to really get the semiconductor, so this is the Taiwan semiconductor obviously, right there in the space at 80 a.m. is 80, 80 a.m. A.M.A.T. What's the matter with you? Applied materials went from the 160s down to today's low. Let me just get there. My system is saying, hey, too much going on. It doesn't matter. There. So today's low. Oh my goodness. And you believe from the 160s to today's low of 71, 12. We're trading right now at 74. This is a really good start to a turnaround because it is a plunging. Now, what was I talking about? The volume doesn't seem to me to be there in many of these instruments. Let me go to the S&P. Let's go to the spy for the moment. The spy is trading at 352.76. So I had a trough G. You remember for a long time, I've been talking about G almost always these days, just not these days. I didn't even say for the past year. I'm almost always writing G slash C because very often it goes to a G. It doesn't immediately turn around either up or down. What happens is it makes a little bit of a move against the grain to make a trough or a peak and then it goes to a D. And that's what I'm looking at right here because what happened, it made a peak, a trough G by yesterday's slightly higher low and today it's gone to a D. So there are a lot of things saying hey, maybe there will be signs but I need to see something happen and if you're looking at volume, let me just look at volume. This so far is not very high volume, 36,000,864. I never know if these are billions or millions or whatever it doesn't matter what it is. It's the number that I always look at and that was 92. So we're only not exactly an hour into trading, almost an hour into trading. All right, let's see what happens because if there's a fantastic close today because the day is young. I mean, this is all what happened this morning to me. It's just a pity that it... I think I could put one Thursday and maybe one Tuesday where there were very serious market turns to the upside but mostly it's a Friday or a Monday and this is very unusual. So all I can say is I've got a break coming up. I want to do a little bit of work to show you something very interesting. I was down 242, as if he's down 45, still way off the load. Let's see what happens. I'll be right back. To see for yourself the types of profitable trades that are recommended within the Goal Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. 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At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text, either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens and bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, Educating Investors. In a Chapman methodology, a buy signal that goes to a buy mode should take you to at least a D, fourth highest peak. It can go higher, but that's the objective. While you went to a D in the C-mini, you won the chart at about 9.50. Pullback had another, held the green nine period expedition moving average, went straight to that. I mentioned this earlier on. We were right at the 200 period moving average resistance, went to the peak D, squeaked to an E, and then pulled back so that gets it down at a right there. That was the one-minute chart. The two-minute chart was at a peak E as well. So now we're going to see, was that just a trigger response? And we are still not making at least a decent low that's tradable, or is this going to be the low that says, hey, whoa, throw the, I don't like that expression, throw the baby out of the bath or whatever. Throw everything out. The window, all I can say is that at this particular point, we don't know the day is young. To have a Thursday reversal like this is a little unusual. It could happen, obviously, but everything was there. And let's go back now to the VIX index. And let me just put it this way. If the E-mini trading at 3548 down 39 is able by one, now I'm going to make it two o'clock. If after two o'clock is trading any better than minus 15, that's going to be a fantastic turnaround. That's really going to help. But then, of course, we've got Friday's jobs numbers. So this is really tough because we're going against economic data that is absolutely, we still, well, yesterday, the market kind of ignored it. Didn't quite ignore it today, did it? So we'll see what happens tomorrow. Tomorrow could be the decided that if there's something that just ameliorates some of the downside tension, there could just be a relief, a much better relief rally. So let's go through some things here because I haven't quite finished my preamble. Caterpillar has held very well. It's not greatest down today, 2.78, but it is a green candle. It's had a peak sea and it's pulled back from the low in the 160 area and it's popped all the way to the 182. It's now at 176. I'm watching these. These are the deep cyclicals. So Caterpillar is saying, look, the monthly chart and so forth doesn't look as bad as many of the others. The daily chart is helping a little bit. The weekly chart is still making lower lows and lower highs. But if I put it together with Alcoa, it's also attempting to make some kind of at least a tradable bottom here at 39.17 made a leg B yesterday coming off the low of 33.80. What is that again? 33.55 on the 30th. It's trading at 39.35. So, you know, I mean, 6 points. That's, you know, 20% gain. Off-loads, you get fantastic gains on a percentage basis. So this is what some of the deep cyclicals, because if they can also rally, and in fact, if they start to, in a sense, lead because they're holding well, they don't have to actually lead in price, but they're showing much better technical, a technical aspect than some of the, for instance, if we go to the XLK, this XLK, look at that. I mean, that is a horrible chart. This is the S&P SynecTech spider fund to even get it to look okay. You'd have to see it trading over the 126 level, over the high that was made on that peak, A minus that was formed background about October the 5th or 6th. So there's signs trading at 140.92, down $1.61. So there is ample work to be done in the various sectors. That's a good question came in. Can I look at IBB? Well, IBB, on a daily basis and a weekly basis, this arch formation hasn't taken out the left side low. So that's kind of a good sign. That's the IBB NASDAQ Biotech ETF. If you look at the monthly chart with that big arch formation, it says you've got to be careful because that left side low that was, I had shown this as a, let me just do this again, left side, right side price time match and so forth, it just has refused to go back to the low that was made back in, I think it was March of 2020 at the low of $92.15. We've been above $100 on every one of these lows. So so far, this is going sideways and is showing better relative strength and something like the semiconductors or the XLK, anything to do with tech. So this is impressive in the fact that it hasn't crumbled. It's not looking great, but it's looking a lot better than some of the others. A question came in here. Just what's the TBT telling you? Well, the TBT is telling me that's the ultra short beam and 20 year treasury bond ETF that yields based on the technicals of the daily, maybe a little bit overbought, but the stochastic is flat at 86 so that's still holding very well. It's in a g-snash C. You've got a g-snash C in the weekly chart, but yeah, the technicals are fabulous. It's a flat stochastic at 91 and the monthly and that's just saying that no matter what happens, the feds desire for an amelioration of the inflationary aspect and the way that they can do it is to raise yields. I don't think that's going to stop. I just don't see how it can stop other than short-term, you know, some kind of pullback. It is really important because the higher the rates go, the more it impacts areas like the HGX, which is the question came in. If you look at wood and if you look at housing, so the only thing I can do is go to the Philadelphia Housing Sector Index and say so far this arch formation in the monthly chart has held above the trough D that was made at about 331.20 back in the week of June the 17th and then it had a good rally and now it's starting to pull back, but look at this gap down in the daily chart. It hasn't taken out the left side low of September the 27th. September the 27th is 342.76. The low today is in the 344 area. So it looks to me like it is going to take it out. So that is kind of what the Fed would like to see, but just purely on a technical basis. A question came in, can you look at Bank of America? Is this time again to go into the Bank of America? It's from what I read, I don't do the study myself, but from what I read, Bank of America on a purely intrinsic basis, that is what they do, the books, everything that we can read and decipher, evidently they have one of the better financials. So in that aspect, yes, it could be ready for some kind of a bounce. I'll be watching this closely. It has taken out the left side low of July. It's trading with a low today of 2931. It's trading right now 30.42. Oh, it needs a lot of work to even fill the gap, but it's a good way to go to say, let's follow something like Bank of America, because the XLF, look at the left side chart and look at the middle chart with the arch formation, look at the right side chart. Now we're going to go to the XLF. If I type it in the right place, you'll get it. XLF, there it is. XLF has gone to a lower low, both in the dating, the weekly, and the monthly foreleg, B to the downside. It is just not looking that great. So yes, it could be bounces. My guess right now is that if we're playing the long side, you've got to use less money and maybe be more aggressive. And that's what we've been trying to do. We've been trying to enter into positions like the three times longs, just on a near-term trading basis. With very, very little of the portfolio going into it with a nice impact if it's success. I'll be back in a moment. $165,000 as it is done. Thank you. 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. 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So this is a very difficult one because there are so many things working against it at a particular time, against the airlines, against the fuel prices, generally with transportation, air transportation, pilots, the dearth of pilots, shouldn't say dearth, sounds like death, but yeah, the dearth of pilots and crew members. That's really the big issue. I think for a lot of airlines, I know it was at some point with JetBlue, but you know, at the same time, all I would say is this, I would not, at this particular point at 15.50, if the general market suddenly has a very, just a relief rally, this is probably a place that could bounce, but it hasn't got, I don't see it having intermediate term strength until it starts to break above the Chathamate Insight Track repellent zone, which says at about 16.80, that would be much better. So I don't know if you have a position in it, sometimes you call because you've already got a position. If you've got a position and it's a long position, my thinking right here is that if you do have a position, I just would not want to see it crack the low that was made on the third of October as 14.77. So that to me would absolutely be a stop, but on the long side, it's coming back a little bit now, it's only down .2, the market's running now, it's only 113 down, 13 down, 33 in the S&P. This is a spectacular, this could be one of those major turnarounds at least in the short term, especially if tomorrow the jobs number is ignored, whatever it says, and the market says, I'm out of here, I want to get going to the upside. But in the meantime, Jess is the question and I'd say, I wouldn't have any position, I'm going to look at the IYT, which of course is the Board of Transportation Index, that made a lower load today, so Jess is holding way better. So in that regard, I would say to you just one thing, that if you are holding jets, I would have a stop in it, I would be much more comfortable if by day's end, we're looking at jets, that's the, as I say, US ETF for the American Airline Index, if it's trading anywhere close to the high of the day, which is 1576, no, not good enough. If by the end of the day, it takes out 1576 and actually closes 1570, I'd say, that might be a start if there is an upside followed through the general market. But as it stands right now, it's just stuck. I don't see the percentage gain that you could get if you're perhaps looking at something that is already showing strength, much better strength on the turnaround potential for today. I hope that helps you. A question came in, where did it go here? Yeah, could you just run some of those stocks that you often look at? Yeah, let's do this Amazon. Amazon is probably taking a dip today and trying to come back. Yeah, that's in a leg, G to the downside, it's an alternate count, G-C from that instant restart on the downside from the Trough D way back in September. So this is, let me just type it in here, G-C. Did it make a round number? Let's look for a round number. No, 135 was the low. It's trading at 108.83. Hey, that's a nice comeback early in the day. But that's a nice, I am looking at this and I'm saying, oh boy, this is the way the market's acting right now. It's like the elastic band is being stretched and it's just trying to come back. It's trying to come back. There's still a lot of selling pressure, but I kind of like what I see. So Amazon trading, I'm going to put it this way. It's the first time I've done this and I might regret it. A question came in from a couple of people. One in particular said, I've been waiting for you for a long time to discuss Amazon. It was in the 135 area. I said, 133, 135. And I said, you know what, I wouldn't do anything, but if you want to get a real good feeling for Amazon, you could just tiptoe in. And what I mean by tiptoe in is if a plunger's from you, it still doesn't affect your portfolio in any way. So it's just like a tiptoe in. Now's the first time I'm going to say this should be my first entry into Amazon at 180, 108.71. Today's low is 105.35. Oh, 105.35. And I would make my stock 103. So in at 108, you got a 2% risk about five points at 103. So I'm going to go there officially. This is not a form of subscribers. I haven't done anything with Amazon for subscribers. That's what I'm looking at. So I'm looking at the E-mini now, trading at 35.61. And made a new recovery high. This is going to be very interesting. Leg C in the two-minute chart. Leg C in the one-minute chart. And now let's just have a look at the... I'm going to go there right now. Yeah. So this is now a leg B in an attempt to get back into this ugly candle. We haven't even got halfway into the candle yet, but this is very, very strong action, at least at 10.48 in the morning, Eastern time on this Thursday. It's just a really good sign that we didn't follow through to the downside. Question came in about the XLE. Now, here's something that is kind of important for me. The XLE trading at... Oh, it was holding the nine-period exponential moving average, almost touched the 14, and then it sprang to the upside. Today it's up $1.35 at 81.44. This is exactly the action that I would have liked to have seen. Thank you for showing it to me, but I would have liked to have seen yesterday, but it's fine that it's today, because yesterday I had a higher load than the previous day, and today it's actually taken out the high that was made around about the 10th, and that's really important. So I like it very much. The XLE, that is the S&P Select Energy Spider Fund. Nice action. Remember the inside track, a propellant zone held very well in the Wiki chart with an H pattern that held the right side over much above the left side low, and the Wiki chart is saying this is good. This is really good action. Yes, so the question is, what about the XLE? And I'm just saying this is very, very good action. It'll be very poor action if at any time in the next, going into early next week, if it closes under 78, but at this point at 81.67, this is really good action. Next question came in. Where did it go, XLE? Is that an instant restart? No, you can't get an instant restart. Let me just show you an instant restart. Let's go to the TBT. I think that's the one. Yeah, here's a perfect example of an instant restart. The price you're following makes a peak D. This one right here in the TBT, back with a high of 24th of August at 2750 for the daily chart, took one, two, three, four, five, six sessions to get to the higher high. But this one on the September the 20th with a high of 30.28, it pulled back for one day and then it made a new recovery high. So immediately it got E slash A, F slash B, and G slash C. That's an instant restart. So the XLE, I'm not sure which point you're looking at in the XLE, but no, it has not made, but it has made an island reversal to the upside. Wow, the dowels are only down 67, S&P is down 26. Impressive, I'll be back. David White is able to find the path of lease resistance. David White's trading newsletter, The Path of Lease Resistance, is delivered daily before the markets open to make every trading day an easy win. Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money-back guarantee. Take the path of lease resistance at TFNN Educating Investors. If you want to be successful at trading in the stock market, you're going to need a crystal ball. 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Let me get you three things that are really important right here. You see this one-minute chart, you see this 200-period moving average when you were down, when you broke it this morning at about 8.35, 8, yeah, 8.30, 8.30, about 8.32. Bam, it comes down and then it got close and it pulled back, went to a peak D, got close and then it went to a peak E just above it and then it pulled back and here you are at peak D. It's trying to use this 200-period moving average as a fulcrum that becomes a springboard to the upside, so far a good action. So Kevin asks, is this a no-brainer time to buy a dip for at least a few big bounce and I'm going to say the risk, well of course you weigh off the low, I don't know what you're going to be buying, the dime is at 291, they were a lot lower earlier on. So I'm going to say yes as long as you put in a stop, put in a stop and just let the market tell you what it's going to do because we need the follow-through Friday and you need the follow-through after the weekend going into Monday. But if you don't think that people were just absolutely throwing their arms up and saying this is unbelievable, I can't take any more, this morning that sharp pullback, I think you've got a lot of people out of the market that markets tend to do that and then they take off and then if you look back and you say, oh my god, I got out here and we're already up there that's really what you want. So I'm saying yes, but put in a stop it's really important. So and folks just for my subscribers, I might be putting out an update probably the very first update that I put out this morning should have been the one that I might do that, we'll see what happens. If this is going to be a rally, you've got time it's going to be a rally that lasts a little while longer than just a couple of days. So the third thing is what's the VIX index? I can't believe that within the weekly chart after all that's happened that the volatility index should be hitting the music any moment now is inside the inside track repeller zone. So if certainly by Friday the VIX index starts to slide it's a 32.74 If by Friday we see it under 31 that's going to suggest that yet again you've got the spiral and the volatility index in a week chart that suddenly pulls back and that's going to give the market some gumption at least some attitude to be able to move higher.