 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now, toll-free at 1-877-927-6648. Good morning, everyone. It's happening on the 15th day, middle of November, Wednesday, 15th of November. We're looking at the DARP 8234910. This is the area that I'm expecting. There's going to be some resistance, but it's only a leg B. Remember, in the Chapman methodology, maybe I'll just do this. It's worth doing that. Try to identify the lowest low bar, and then you start a wave count. The wave count says, if there's a move off the bottom of the certain techniques that we look at to see if it goes from a buy signal, and then how it gets upgraded to a buy mode, it goes to peak A, and then it pulls back, and it doesn't break the left side low, and it makes a new recovery high. One penny above that peak A, that starts a new leg B. I'm going to show you this right now because we've got this exact thing going on in the one-minute chart. Look, peak A, peak B, and the E-mini, when 25 cents, it goes to 35 cents increments, above that. And one of the reasons I was looking at it and liking it is that the 9-speed moving average crossed positive. So this is now a leg C, all right? But the weekly, I always like to look at the daily weekly monthly, it's not. It's one minute, five minute, 10 minute. The five minute is still working very hard. And look what happened on that big spike at 9.30. It went to a peak D, it made that arch formation, went above the 200 period moving average, and went below the 200 period moving average, took out the left side low, and now starting a brand new buy signal, because the stochastic is at 85%, it gets upgraded to a buy mode. But look at the 200 period moving average, as it starts to get some kind of resistance, the further it breaks away, the quicker we can look at the left side higher, 45, 30, and see if it can make a cut formation. I don't want to do that right now, I just wanted to show you how the Chapman Way methodology works. So this is a leg B in the daily chart, very strong, the 9 is over the 14, the price is way over the 9, the MACD is very strong, the histogram is still expanding, that's the distance between the green line and the red line. The stochastic is flat, I love when it goes to 80%, it fails, that's what you can get, but when it goes to 80% and holds, and it moves to 95%, I love that. That's a daily chart. The on balance volume is becoming a little bit overboard, but it isn't really overboard just yet. And we'll talk about the weekly chart, let's rather do the same thing with the S&P. S&P is also in a leg B to the upside, not just one, but a whole bunch of gaps to the upside. So I had a whole discussion the other day about the gaps, you've got to go one gap at a time, you can't look at the lower gap and say, oh my God, 4,200, we're going back to 4,200 because of the gap. No, a gap is just one little icon. Look, the inside track propellant zone, to me that's a way more important icon than any gap. So if you start to take out 4,450 and the S&P over the next, say, three sessions, is it going to Monday? Then I say, oh, now you've got to look at the nine period moving average, which is just above the inside track propellant zone. And that's how we do it. And then you take that out. Now I'm going to start looking at this the second gap down below. So that's the way I look at gaps. It's just another icon. It's just another way of looking at these. No rule that says a gap has to be filled. Almost all gaps to the upside eventually get filled, not all, but a lot of them towards the upper part of the range get filled, but everything else gets filled when the tide changes. Okay, with that said, S&P is very strong. WikiChart broke the chat way, falling exformation. The falling exformation is, oh, didn't finish that. So one penny above, in this case, is 25 cents for the E-mini, but one penny above A starts a floating letter B. When it makes a peak, in other words, the high, following by has a lower high that makes a peak. That becomes a peak B. And then this becomes peak B all the way down until it starts a new leg up by going one penny above B and then it's a floating letter C. A bicycle gets upgraded to a buy mode with the implication that it should go to at least four higher peaks. So on the bully side, the down, the S&P, the cues, I'll go to the IWM in a moment, they should all make at least four higher peaks, how they do it, and when they do it, that's a different set of parameters that we look at. So within that context, the next thing I want to look at here is the chat way, falling exformation, because we've just broken out of that on the upside for the S&P in the daily. This is a pattern that says, you make a high, then you make lower highs and much lower lows. And all of a sudden, it forms a base, and that base can take you, if it breaks the downtrend line, one to one to the upside. Let's see what's happening here. So we've got the S&P, the falling exformation, broken the data, it's broken in the weekly, isn't going to do a one to one there again, I go step by step. The L means that the 9-period moving average has finally gone above the black, the pink will change to green when it goes above the black, but it's a weekly chart. I can't do anything about it until Friday at four o'clock, probably by Thursday, I'll be able to say, yep, it's green, it's hardly likely to go back to pink, but I'm not saying that right now. And look at the weekly monthly chart. Look at the monthly chart. Let me move this. I like to get the trend line as accurate as possible. That would be the accuracy. So it's just sneaking his head above the S&P monthly chart in almost like a cup and ladle, a cup and handle pattern, but we won't go there just yet, but the technicals are still quite strong in the monthly chart. QQQ, this is what was very important. How does the QQQ continue higher in this leg B, when in fact it is just, let me just go through this again. Okay. The high that was made right here, back on the in July was 387. It's getting a little covered there, 98. 387.98. The high today is so far 387.65. Would you say that's close? Wow. Is that close? I mean, just an eye blink away from making a new recovery high. And that will start a leg B in the monthly chart. And we've got a G already, which should not even a G stash C because it really took that out. So far, that's very good action. I want you to just do the SMHs. SMHs are at the wrong chart. Oh, I hope I didn't mess that up. You never know, right? SMH, very strong leg C. 161.17 was the all-time high. We were already at 162.23. That's now a leg C in the monthly chart. Very positive. All right. We have covered. We're not in any short positions at this particular point. Now, the other thing that's also very important in terms of looking at the different indices is to say the laggard, the very big laggard was the IWM. So where's the IWM right now? It is testing, excuse me, just got to liquidate the throat. It is testing the 200-period exponential moving average in leg B. That is really important. Why? Because once it clears this whole mess on the declining of quota and it clears in the staff, which is doing right now, all of a sudden, you're looking at the parameters that say, hey, now the targets could be the 185, 182, 185, and then maybe even the 19 level, there was a high back in September. So this is a very important moment. And what I said yesterday is I want you to see a broadening out of this rally. Now we've got the broadening out. I'll be back in a moment. 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Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Hosted by a variety of professional traders during market hours, the Tigers Day. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Again, look at the halfway methodology. It crossed positive, banked these good stochastics now way over 80% to 90% and what did it do? It went peak A, peak B, peak C, peak D, and now we're in leg E and it just took out the left side high and that was the high of 9.40 this morning in that eastern time at 45.50. So with that said, let's just get back to our story here because we want to look at what would happen if the IWM, which is the Russell 2000, what would it take for the weekly chart to become extremely bullish? Number one is it needs to close decisively above this 200-period moving average in the weekly chart are 181.33. It's very close. It's a 180.93 right now, but it has to close above it. And then it has to start to see the 9-period moving average, which is just horrible. It's way pink below the 14-period moving average eventually. So this in fact needs to be gray. I can't make this blue meaning that I've got a buy signal. I might say, hey, this is really going to go to a buy signal, but the technical say, you got to wait. So I'm looking at this and thinking that histogram of the MACD in the weekly chart needs a lot of work to get positive for the 9 to cross over the black, sorry, for the green to cross over the red is a 9-period called differential. Oh, did I just lose sound? Why would it do that? I need to know that I'm still being heard. So can someone, actually, I won't be able to hear anything. So I'm going to just do this because I know from the thing that I heard, oh, now it's all back. Okay, everything's back. I don't know if I'm back. All good. Okay. My, I guess maybe it's straight station, just shut down for a moment. I don't know what's happening lately. I don't know if it's my internet connection or whatever. It used to be so good. All right. So now we're back. And what I wanted to say is IWM is so important that you get this. Look, ARKK, I was asked about this yesterday. ARKK is actually acting very nicely today. It's up $1.36. And this is the ARK innovation. And within the sector of the IWM, the small caps and ARKK, ARK innovation, the ARKK is a symbol, up $1.38 to $43.33. I see subscribers, we've got a bunch of things that are on our list that on the next big pullback, we want to be entering it. Now there might be too many, but I want to get their positions that are just starting to take off right now. And that to me is really important. Why? Because if I can get that rotation that says, and Microsoft, for me, is kind of the clue. That's what I said when we went along on that Tuesday MSFT, two days after the law of Friday. And I called it kind of a benchmark for both the Dow and the under slowdown is its gain. It's been fantastic. Is it an alternate count? I don't know if you really care if it's an F or a C. If it's an F, yes, it's going to pull back. But the technicals are so strong that at $370 today, $370, $313, it could pull back all the way to the $362, $360 area, which I would love, especially with the cup formation in the weekly chart. But it's timey that the big caps and let's just go to meta, look same thing, meta, a little bit of a red candle is made in New High in leg C. Let's go to Googie. Goog, there we go. Goog, slowing down, pull back from the days high to $136 down up to $56. Look at Apple. Apple's still holding, but look how the candles are getting a little bit smaller and it is in leg D. So I'm suspecting that we could see some kind of a breather take place in these really fantastic magnificent sevens. And while it does that, you will get some kind of filler that, you know, I don't know if Al can do this to show me right now. You've got the scales of justice. And what happens is that one weight starts to move higher and the other one goes down. Well, I'm thinking this is the kind of the big caps, maybe they take a bit of a breather as the small caps come in. Just store a little bit of money, can filter into the small caps and that's really what I'm thinking. That to me would be a sustainable thing. So I need to just finish this up because I've got questions rolling in here. Look at the US, this is bonds down over a point at 140, but a very nice takeoff. This is leg D and at 115, 23, 30 seconds, it went 115 to exactly the same high as yesterday. So far, weekly chart is just improving in price, but the technicals, the MACD, the histograms about to turn positive, the stochastic still weak at 28%. And you've got the unbalanced volume in the weekly chart moving up. So it's good that we've got the bonds moving, but I don't think this is it that the bonds are now going to scream to the upside and everything's great in tall brothers trading right now up at a new all-time high as we know, just about yesterday at an all-time high at 86.69, breakout in the weekly chart, monthly chart, gone to a leg, an alternate count, I have to call that a D and E and F. Yeah, so it's an all-time high. And just in La, let's see the same thing here. La hasn't made an all-time high, but it's really close. So to me, the excitement that's come about over the last couple of days, well, I would have to say the last week of trading is fabulous, but I'm suspecting, and I don't think the fix is going to tell us all that much at this particular point, it's way down 14.03. It hasn't taken out the trial 68 that it made in September, but it didn't make a peak D at 23.08. Talking about the peak D, remember, the objective is to go from a bicycle to a buy mode to get you at least to a D. Ds where other things can happen. Look at the TBT. TBT went to a D, pulls back, goes to an E, and then spikes up to this F as the technicals are failing. So what's happened is made this arch formation. This is the ultra short Lehman 20th Treasury Bond ETF. It filled that gap. The gaps are not that important when I'm looking at something that trades during overnight hours, especially bonds or the dollar or anything like that or gold. So this is the 36.73 low of the 22nd of September. If we start to take that out, then I think the TLT could go quite a bit higher. But at this particular point, this is a really good move, but it's not fantastic in bonds. Let's go to gold. Wow, there's a lot to do. The gold pulled back from the high of, yes, this morning at 1979, 1962 is down four, peak A in the weekly chart. We have not, I said to subscribers, we're looking to see whether or not we want to go long gold. I'm still very suspicious. And even the dollar is smashing like this. Look, the dollar gets crunched down to the 200 period moving average of 104 when it was at 107.35 a month ago, just over a month ago, October the third. And the weekly chart, the 90 is still way over the 14. Anything can happen here. But I suspect the dollar has made a high. It might be the high in the daily chart. I don't know if it's the high in the weekly because that weekly chart is still holding really well. But it's just been a big sideways consolidation for most of the year between 107 and 100 and just under 100. I'll be back does up 156 currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Keg stats tiger forex report. Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex stocks and options. Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss dollar yen as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the tiger forex report, you also gain instant access to Teddy 60 minute webinar archive. 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Oh it went right to the 764 retracement now it's pulling back. We'll see what happens. Okay so within the context of the different things we were looking at I wanted to just go through the same look the dollar is that smashed to the downside. It's a nice session so far to now 39 ticks and one of 448 above the 200 period moving average but wow and look at this peak e in the euro dollar right there. Let me move that up. I always do these by hand. By now I should be able to have it automated but when you get alternate counts it changes everything and the alternate counts for me are the most important aspect of the whole thing. The Chapman way by am close to finding out when that particular technique can be overruled and that's going to be very important and look at the USD so the euro is down 0.1084 down just a fraction and the USD JPY the yen is trading at 151.11 made a peak e and right there you remember the dollar yen relationship had it so that this currency pair went right to the left side high oh I should have talked to him but I don't like to because it gets smoothed out 151.94 back in October the week of October the 21st 2022 151.941 and so far we've made a high of 151.90 so isn't that amazing and this is the left side right type price time as should be right to the month we'll see if it's going to hold so as we're looking at this now I suspect that we're getting this little choppiness and it's going to be reflected in the market overall just want you to say look silver went into this trend line resistance right here I have to do it that way so it's still within the downtrend but it had a nice move to the church appeared moving average now it's pulling back up 31 cents I just want to finish with gold again down just three is holding quite well now also want to look at high-grade copper all right with that now I've got a question a couple of questions that have come in let me just do that oops I missed it I'm in the wrong place okay so I'm looking at this and I'm going to say to you that within the context of everything we're looking at some very small cap stocks they're sorry to move I'm just going to write down as I see these things WCLD where was the one earlier on e and vx yep e and vx vx next question was right here okay I've got that I've got that okay ah there it is okay okay f gee well a lot of questions all right kf I better get to them right away but I need to scroll down so that I can see the one that I forgot to write down cv something and cvm was it I think it was cvm okay I can't find it now I need to get back to the charts I think it was cvm let me see if I've got cvm up here let's go okay and tgb yep oh those are all great questions I wonder if we got into youtube youtube I don't see anything there all right so here we go hi hi great carp is having a nice session today but wow it is way down the lows so this is just a start of a move to the upside we'll see but uh cvm was my first question so cvm yeah so you remember we looked at this a long time ago quite a few weeks ago and what I was saying is I think we were right there and we had a huge move to the upside on the 23rd of october in cl-scicorselsky so sky I think it's a science and I'm probably done so maybe something to do with biotech I'm not sure so it hit 2.11 is that 11 or 31 yeah 2.31 right there 2.31 and the question came in just a couple of days later and I it was over here and what I said is I'm going to draw this in because it's the it has almost like the longest one of the longest chapter wave roman can inverted roman candles I've seen in quite a long time and if at any point is Sasha Tray for about 60 to 90 minutes above 1.86 that's going to be very positive if it fails to do that in the next two days be careful because you can get the test the 140s well the next day uh oh this is what I got asked about so I put in an up arrow saying above that level is very positive holding it for about 60 to 90 minutes and below that level is done you see the up arrow on the down arrow so look what happened the next stage went above but it couldn't hold but it went above the next day not only went above but it went to the 200 period moving out then what happened is it broke to a new recovery high above 2.31 but this cannot be leg a because the low the bar that makes the low cannot also make the high you have to wait for a trough before you start your wave count um to the upside or downside so the upside sorry so we had to wait after this any bar after the low 1.04 yeah 1.04 that starts a trough and then you can use your wave count so there this little thing right here that's peak a gray a so this wasn't a you cannot make this a that cannot be the high you have to wait for a trough now I can start a and there's b and now it's not a gray b it's a blue meaning it's in a by mode because it's the cascades are ready at 87 percent if it starts quickly to go back under 80 percent that could fail but look what happens it pulls back pulls back and then it goes to a leg c and continues to a leg c today so I'd like this very much and the question is basically how high can it go if I was I don't know if we've updated um yeah I don't know if you've updated the to tell me what it does I think kind of it looks biotech-ish the way they have the spikes in the weekly chart that fail with the long legs just a shadow that's why it's called shadow this so far is 1.08 this is low one point so this is the bar one point oh five one point oh four so this is only a right there gray a right and it's great because stochastics only at 56 percent and a lot of work needs to be done so the question is how high and all I can say is what I normally would do is first of all my eye I don't necessarily know if I would actually type print it up I'd grab my rectangle formation uh tool bar and I just put that in and say hey when it starts to trade above this high and if it can tag that high so if we can trade just close I prefer close but if it trades about 333 that's the high of the week of the 10th of March then I would immediately look at the left side high of 3 um 362 in November and uh three earlier in November 368 then I'd start to look at those and I'd only go one step at a time because a lot of work needs to be done but so far the data is really positive and I would say 260 to 241 would be really good support if there was a hope that helps you we'll be moving on to others uh down by 132 s and be up 19 the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom o'brien's award-winning newsletter market insights your key to successful active trading tom o'brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real-time analysis and trade recommendations 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the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three the prospectus or summary prospectus should be read carefully before investing 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 four side fund services llc this program is brought to you by vista gold traded on the nyse american ntsx under the symbol v gz x l e is it for me is it a short in this environment we've been on the short side for so many months uh we have i personally you know we for subscribers we've been doing shorting but also is that done now are we really looking at higher highs therefore even the worst unless they in the absolute unless they are an inverse maybe even a sector and only inverse in the sense that the do g is the is the short side of the d i a the diamonds alongside do g one-to-one short the down i don't mean that i mean is it a sector that as markets go up that sector always does badly because it needs the markets to go down that that could be even the xlf xlp xlp which is the s&p select consumer staples spider but even that's moving very nicely so i i'm having a difficult time and it's been a few days now people have asked me about the energy sector this is the xld s&p select energy spider fund made an all-time high of 94 back in september 2022 but basically it's been in the sideways move it went slightly pull back sharply to the 40p moving average then ran back up to test that high and then it went sideways i don't x on mobile yeah it's been a terrible terrible shorter term but look at the monthly chart it's just been in this rectangle and you remember rectangles can last quite a while remember the dollar was in look the dollar was in a sideways move for quite a while then it had this high of 10735 october the third retested at 10711 on november the first a month later but you remember i pointed out that rectangles are really weakening but that nine-period moving average like the dow and it finally made that top we were waiting waiting that on bounce one gave the exact high back the first of august and we had to wait 11 sessions or something before the nine-period moving average turned down then it turned down for quite a while so what i'm looking at here is that the dollar is saying to me it is vulnerable but it was going sideways and it was making lower lows and lower highs when you look i'm just talking patterns now because that's that's what this is all about if you look at the x l e the monthly chart has done almost the same kind of thing the tactic goes on the right side with this last high in the 90 year just under 94 back in september we are still look the nine-period moving average is still very strong in the monthly chart but this week from last week into this week there's an s and that says finally the nine-period moving average is weak and therefore it could start to move lower but maybe test 81 so when the question comes up is it a short for me a short in something like this like the x l e i don't think three points or five points is really worth it because it could easily like a couple of the last couple of days it could easily have a pretty good bounce even if it's making lower lows and lower highs depends on your perspective but all i can say is that at the 200-period moving average right now and at 85 63 slightly above it i just don't see it i just don't see it and now what i would say is i i don't think you play a question that doesn't play option play use options at all if you did use options and i say you know what get it december third week of december third friday of december that's the 21st of december get a put option and i'd get it slightly out the money at 85 86 64 64 if we can get it at 84 i'd say that's what i would play i would not risk much at all now i'm going to say i don't see a short i see it pulling back i don't see like the move from 93 to 83 that's 10 points to get another 10 points i think there are enough energy stocks that should benefit of crude oil is pulling back sharply um but it's it's just getting to an area where maybe it'll find some support in the 75s but you would need crude oil to really drop sharply uh below it's a 77 you're gonna have to close on a weekly basis below 73 50 let's call it 73 and then i think absolutely so oh man it's a tough i wouldn't go more than one to one short there you are okay i've got it so if you are looking at the excel in you want to short it i wouldn't be aggressively short or i take a small position and then you can get aggressively short but i don't see it right now i'm just going to say i personally would hold off i might change that opinion later in the week if it actually closes under 84 in the next two days i'll say you know this is actually really poorly with a market like this okay got that out the way next question is um w cld i can't remember who asked me what it is i just wrote the letters down yeah this is very nice this is w cld is was oh this is the wisdom tree wisdom g1 this wisdom tree looks like a financial stock uh wisdom tree oh cloud computing i didn't know that w cld w cld cloud all right so with that said uh peak a leg b um monthly chart this is from that low right there october november of 2022 you got peak a oh that is fractionally one penny i think higher so this is 27 93 27 97 yep that's it so this is peak a peak b as you're up there's your arrow this is not technical friday so i won't spend too much time in the notation i'll just do this a v c d that's where you get a little cautious e and that's where it hits the exact i mean i this is this morning when i was watching all this uh stuff um just how things move how important this 200 period moving average is look at this he has a he has the weekly chart on expanded out it hasn't been at the 200 period moving average since march of 2022 when it was up in the 40s it plummeted down to the low 20s and here it is touching it one more time and pulling back so i'm looking at this and i'm saying there's a chance now that it's hit it once if that mac d which is still negative and the stochastic stochastic only at 24 percent if the stochastic can get to 28 no i need 29 29 to 30 percent by the end of the week in the weekly chart um i would say 34 would be the target that's a 200 period moving average and this time you want to see it take it out so the first step is 32 is resistance yes i like this very much so i can't remember who asked me i'm going to put it down here i like it wcld it's gone from the 30 uh 35 ish area straight down to the 27s and now it's trading at 30 so three points up it's about an 11 percent gain so far i like it now do get in right if you're in it congratulations if you want to get in i would try to get it closer to the 29 90 to the 200 period moving average or i would nibble here which is exactly what i should have said to subscribers today with one of the stocks that we wanted to get which also kind of gapped up like that i should have said let's have a split position nibble right here even though it's gapping up a little bit and then we'll add on a pullback that's the only way you can play these things and once they start to take off like that you have to have a little ego whoa and as god the tgb this is a copper stock tgb is sake of mines you know i think this is kind of stuck with proper i'm surprised but it seems kind of stuck at 125 you want to see 133 really quickly then that 136 200 period moving average becomes a magnet to attract it but it has to hold one pretty i'll be back the reality is that navigating financial markets can be risky markets can be 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stochastic is only at 61 everything else is positive i'm going to say it's in a buy mode 13 13 17 will be the next resistance mandy mdy mdy is i can never remember what it is oh monday.com uh so it's trading at 171 the 200 period moving average has been resistant for so long at 182 looks to me it said 171 i think that's the target in this particular move and then you're going to have to see what happens next our next question came in at uh where did i put it where did i put it there there there there yes i did have a chapter we've tringage a high tringage reading for the second day yesterday it was monday and tuesday and each one says within two days should be a sharp move up in the s&p which should help the market that's working here as well um so now i just wanted to do a couple of things as we're about to wrap up you're going to go to steve rose should be a great show there let me just show you so within the context of all these different things that we're looking at uh one of the aspects that we're all looking at is how does it broaden out well hack is acting very well for the first time the weekly chart is trying to get back into the 56 area it's at 55-19 that's where there'll be resistance um we haven't had this for quite a while we had this bots now it's doing quite nicely it's dropped all the way to the 22 level now it's at 25 this is the global robotics the hack was the cyber security i wanted to see these things finally get catch a light there are they're doing very nicely and that to me says you're broadening things out when you're broadening out it means that you can take the leaders like uh microsoft now is pulling back a little bit down 70s i think these other ones can