 is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to our man, Alan Homo-Sasa. What's going on, brother? It's, isn't it wonderful? I went ahead and invested in your tiger dollars. And I went ahead and got your gold report for a year, and also your morning, your call letter and stuff like that. And I got over a 50% return in one day, not counting everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keeps your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Root and you'll hit a home run. I mean a big home run. You can put the money in your pocket. Okay, brother. You're awesome, man. Thank you. Now, Tom O'Brien. No growl, spousal Chapman here. This is the Tom O'Brien Show. Tom is out and I'm subbing. So the guest host and as such, we'll go through all the numbers, we'll look at them very closely. I am the host of the Tiger Technicians Hour, 10 o'clock to 11, Eastern time every market day. And my service here in the newsletter business is the opening call. They do newsletter. And what we're going to look at right now is what happened to that early spike. I'll show it to you right here in the futures, the Dow futures, just doodling around in about the 4270 level at six o'clock. And then suddenly I'm looking at this and I'm thinking, let's see, that is a nice turn around and then it gets higher and higher and higher. And it goes from 4270s up to the high of the day, 4335, 50 and there's something about Putin thinking to myself, why would the market rally when there's something to do with Putin? I mean, would you trust anything that he said? Anyway, so as it stands right now, we're down at the lows of the day at 4228 from 4335 to 4228. I would say that's about 100 points. Yeah. So, okay, let's get to the nitty-gritties. We want to look at the market, what's going on. A lot of people asked if I get a chance, could I continue what I had done earlier today? We're looking at different areas of the market, but I also want to add a bunch of stocks. So let's just go right through it. We've got the down at 87 or 33,083,086. There's a pattern in the Chapman-Wade Method methodology that I look at all the time. It's a straight line up or down, but within that context, you can also get a cup formation and an arch formation. Now, what happens when it goes straight down in mixes one and three, I make that red because as it turns down, if it fails off to just one peak, like a peak A or a peak B in the Chapman-Wade methodology and it starts to roll over, it can quickly take out the left side low and that becomes the pattern that I call the dreaded H because you can see right here on the left, there's the Dady chart. Look, from that peak D, oh, let me just do this really quickly. If I can get this to, there we go. So click one more, I just got that. So what we're looking for in the Chapman-Wade, for those of you new to my work, I try to identify the lowest low bar. I count alphabetize, essentially grading each successively higher peak. Each one gets a new alphabetic letter, sequentially A, peak B, peak C, peak D. It can even go to E, F, and G. There's never an H, and D. You have to consider whether or not there's an alternative count. Other things can happen at your fourth highest peak. This is as simple as it gets. All right, here we go. Move this aside. We made a peak D in the Dady chart in the jail, January the 5th at 35,000, oops, at 36,952. It pulled back to 35,600, and 13 points down, 1,300 points. And then it rallies sharply, and it starts to fail, and it rolls over, takes out the left side low, dreaded H, and it goes plunging down. It gets to 33,150 on the 24th of January, rallies sharply, only goes to a peak C, fails because at 25,824, it turns down. It breaks the 200-period roofing average support, this little yellowish line, and goes all the way down to 32,272. Now, I talked about this for some time on my show. I said the pattern from the low that was made on the 24th of January said that there should be a rally you've got, just a number of bars after the initial spike to that A, in which to break to the upside, and normally you'd get a by-mode going to a DF if the stochastic can start to hold above 80%. It didn't, it went over 80% and immediately fell. And we've got exactly the same situation here. Nice bounce off that low of the 24th of February, goes to peak A, and then four days, it takes in, and the fourth day tries to rally, you remember, it tried to rally, and then it just couldn't do it to 34,179. It failed, it makes the arch formation, but wait a minute, it had a successful test because it was above 32,578 on Tuesday, was in fact higher than that low of the 24th of February. So that said, there's a possibility that now you can go from an H pattern, a lowercase H, to a lowercase M, and was really important that in this process, there was some follow through after the big move up on Wednesday, Thursday was kind of pathetic, and today it tried to rally. So this is actually, this is, I'll be polite, this is pathetic action after everything we've seen. And if by Monday, Tuesday, there isn't a push into the 33,500, 600 area, this is not good news at all. Then the weekly chart made the H pattern failed and it is now trying desperately to hold that 32,272 level. Monthly chart, it hasn't even gone, so the data is in a cell mode, the weekly is in a cell mode, the monthly chart hasn't even started a cell signal. So that's still in a buy mode. Okay, I just wanted to get that out the way and now we'll do the others much quicker. S&P, daily, weekly, monthly. S&P right now is down 32 at 4227. It had an arch formation that failed, it's going to the 24th of February, 41, 14.65. Rally quite nicely, but really not enough to the 44.16 level. There's a pattern that I call the Chapman Insight Tracker repellent, so I didn't even get there. It even failed to hold above the orange, 200 period moving average in the daily chart. And then what happened is it pulled back, held to a higher, a low than the 24th of February. And here was the opportunity, today was the opportunity to rally, much sharper, it hasn't done that. Cell mode, dating, cell mode, weekly. Not yet a cell signal in the monthly. I had to spend quite a bit of time this morning talking about the pattern that I call the Chapman Wave Roman Candle, this particular candle right here. I'm not going to do that right now, other than to say, if there is a close on a monthly basis below 41, 14.65, this harkens to, this suggests that we're going to have a longer consolidation and probably a deeper one. So it's really important by Friday week, for exactly this time next week, that the Dow, rather than being much lower and the S&P being below 40, 100, is actually up in the 43, 30 area or higher. So we got the QQQ, same thing turned around, the daily chart, not a good pattern, cell mode, weekly chart of cell mode, and the monthly chart is really close to a cell signal. IWM, cell mode, cell mode, and the monthly chart actually is closer to a cell signal. So, so far, it's not looking that great. I'll be back for a lot to discuss. That was a chap, ending up with Tom O'Brien. I'll be back in a moment. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to the TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge, you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com, TFNN, educating investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. 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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 until the closing 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. Toll free at 1-877-927-6648 internationally at 727-873-7618. Hi everyone, Basil Chapman sending in for Tom O'Brien. I got big shoes to fold here, but we'll do the best we can. See this trend line here, that green line? And you see the pink line? This is the one-minute chart of the E-mini. And you see, I call this a Chapman wave inside-track propellant zone. As long as every time the price comes in there, it bounces up. Well, it's bouncing up right now. Now we're only down 27 at 42.30 in the E-mini. But look at the right side. This is the one-minute chart. Yes, the 10-minute chart. See the pattern that we're calling the dreaded H? You see there's that H turned around at a peak B minus a second peak and it went down and broke the left side load, went down further and stopped at about 42.30. And then what happened? It rallied up to where? Look how important this 200 period exponential moving average is. You just have to put it in. You don't need it until you need it. It's just one of those things. Suddenly it looms in front of you and you say, oh, 200 period, better make a note of that. And that became resistance. It was important. It became resistance and the arch formation. Now we're testing that left side load. It's already taken a lot. We've gone down to the 42, what is that? 42, 25, 50 area. So it's really important, the next couple of moments, if there's no strength going into the close and then there's sort of bad news over the weekend, Monday could be quite ugly. So let's just see what happens. It's time to skip back to our charts. We're looking at crude oil. So crude oil, this is the continuous contract trading at 109.20, up $3.19. Holding the black, 14 period exponential moving average just above the green, nine period moving average as long as the green is above the 14, that's a good sign. Excuse me. It's spiraled up to 130.50. And look, we were at $60 in December. December, this is exactly December to January, January, February, March. Three months, just three months ago, we were at 60. We've more than doubled. And so anyone who says that we weren't going higher, well, we were going much higher. Look, crude oil has been going up since that, just let's call it October, November of November, the week of the sixth, 2020 at 2908. So it's absolutely been going higher. And what we are looking at here is there's an aberration to the price of oil because of the scarcity of oil. It's just as simple as that. You start to produce more oil and see the prices go down. Remember, we used to have Ed Young here, commodity expert, and he used to always say, the resolution to higher prices is higher prices. Because at some point you can't go much higher, or these people get tired, they don't pay that. And then their prices start to go down. So what we're looking at here is the crude oil on a very long-term basis, looking at the monthly chart. And you've got crude oil back to that whole series of highs from 2010 all the way to 2014. There was that spike that went from, it went from a low in 2007, right then, January, let's go to January of 2007, it rallied all the way to a high and that was at, one, two, three, there was a continuous contract, so the prices might change, but nothing else changed just to get smoothed out. So the price gets resolved because of the futures contracts and therefore you get a change in the price. So you go to an all-time high in July of 2008 of 219.41, but that was July of 2008. And remember, it was October of 2007 that the market made its high, I believe. Let me just check that, I don't want to talk out of turn. S and P, S, P, X, X, there it is. Yes, there it is. 2000, right here. 2000, March of 2000 was the 1557 high and we crumbled down to the July low of 775, ran up for almost a double top at 1576. I love the way these charts work out. After all that, you go and you can barely make it above the previous high back in 2007, October 1576 and there's the Chapman Wave Roman candle right there, that second candle, the candle of the 11th of, that's November of 2007. I'll talk about that in a moment when we get back and then it plunges down and breaks the 775 low and it goes down to 666.79, March of 2009. And then it runs all the way up, yet a number of small consolidations in a really big one, minus 35% in the S and P from 339, 3393 in February of 2020 and the next month you hit a low of 2191 and then we run all the way up to this 481862 high. So what we're looking at is within the context of patents, you've got crude oil with that, let me just go back for a moment, that was the high that was made and it came, I think, almost the month of the turnaround when Russia invaded Georgia, yep, there it is. Russia invaded Georgia August the 1st to August the 12th, very short 12 days and then crude oil plunged. So what is different here? Is that the whole scenario, everything about the scenario has changed. So this leg E in the monthly chart underneath all the previous high says, yeah, you know what? There could be some kind of a consolidation just as things get figured out but oil is still in play and you've got to consider that much higher oil, the Fed has a real issue because look at this, the Fed, I'm just moving from step to step within my thinking here, the Fed with interest rates rallying higher with the bonds, the TLT breaking the 134.98 low of the around about the 14th, 15th of Fed after running to 142, it comes back and goes to the low of Thursday, yesterday of 133.72, isn't it amazing how these patents match within one point of that left side low and just a little bit more in fact and now we're trying to rally and look at this, I'm gonna try to do it now, I'm taking a bit of a chance, let's see if I can do it. This is what I show my subscribers to my opening call every Saturday, it might be Sunday if I'm not able to do Saturday, but every weekend I have a video about 50 minutes to an hour and a half sometimes discussing all these different things of what we're looking at, why we're looking at it, what can be anticipated, what is the shorter term outlook to the longer term outlook, et cetera. But look, yields have made legs see in the weekly chart, this is the 30 year, the white is the 30 year, the brown, the 10 year hasn't broken above the left side high, but the five year has, so this conglomeration of the three major yields that I look at the 30 year, the 10 year and 10 note yields and the five year, 10 note yield, they're rally sharply, so when I go back and I'm saying, so you've got crude oil going higher, you've got wheat and the grains going much, much higher, what's the Fed going to do? And you've got the market so shaky, you've had Nasdaq stocks, I mean, look at docusy, you've had some stocks drop 60 to 70 even more percentage points, percentage, I mean, that is, what is the Fed, if you were at the Fed right now, your charter is that when the economy seems to be, your statistics are showing you that the economy is doing well, you can't really project ahead because you don't know what's coming up. You have to look behind, economists look behind mostly. It says that up until now the economy is doing pretty darn well. Why would you even think of lowering rates? If anything, you'd be, for years, you should have been raising rates accordingly because demand is there, now what can they do? They've got to try to beat inflation somehow, are they? Interesting, I'll talk about the charts on the right, whoop, which is the Ayeshares, Timber and Farsheed here and the housing in. I'll be back in a month, thousands of chapters, the Tumble Grind down to 74, the Pacific East down to 32, we'll be right back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the Den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. Interact with other Tigers and Tigers' as they share trading ideas, news analysis and discuss the market action all trading day. Subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee and become part of the TFNN Trading Community, TFNN. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting 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. Hi, folks. Down is down 108. This is really not good action. I just wanted to say, because I know we have traders, we have people that take long-term positions, or we have just a host of a variety of people listening to TFNN all around the world. I think it's amazing. I mean, we have people from, I have subscribers from all over the show. So I just wanted to mention that when I was speaking about this earlier in the day, I had mentioned that when the pink line went, when the green line went under the pink line, that's the line went under the 14-period moving average, that basically said that's a sell signal. And even when there was this rally that at about 10 o'clock, there was this rally that failed. And once again, we had to fail at 1.30, we had a rally that failed at the 200-period moving average. Look, that pink line remained, and even now it's pink, probably going into the close, it's gonna be pink, well-seen. So that says that from about right here, and you can do this on any chart you want, doesn't matter if this is the futures, but you could, this is right at 42.90, let's go to 43.00. Since then, we've been just sailing down. So I'm looking at this and I'm thinking, wow, this is not good. Oops, now we just slid even more, down 39 in the S&P. And this is lagging to you right here. You remember the pattern I was talking about? I said, this is a channel down, this is a beautiful inside track propellant zone. Look, all of a sudden it's become a repellant zone. That's how important this, because how many times it was tested, tried it already above, and each already was smaller and smaller and smaller. Okay, with that said, let's just get back to our story. What we want to look at here was, so before I forget, all week, no, for two weeks now, I'll be wanting to mention on my show, and I completely, I don't know why I just slipped my mind. And one of the things that reminded me was, during the week, let me have a drink of tea here, that's better, during the week, I kept going to mention it, and I got reminded when Frank from Gloucester called Tom the other day, and I said to him, I said, oh my goodness, I keep forgetting, about three years ago, we were going to go to the, in Gloucester, we were going to go to the Cape Cod Museum. We were there for a particular reason, and we wanted to take some friends who had just gone off a boat on their way up north. And we met them there from overseas. We met them, they'd come from New York, and we were looking for things to do, we went to Rockport, we always go to Rockport, love Rockport. And then I said, oh, wait a minute, look at this, there are a couple of museums, and my wife said, hey, what about the Cape Cod Museum? Cape Ann Museum, that's north of Boston. So it was closed. Finally, about two weeks ago, we got to go, it is a fabulous museum, and nothing as small as you can see from the outside, Cape Cod, Cape Ann Museum, they have fabulous exhibitions going on right now. Absolutely terrific. And Frank from Gloucester reminded me of it, and Gloucester is a really pretty place. So, all right, let's get back to our story. I just got that out the way. The question about Rio, the reason why I went to Gloucester was in the den, Mike is asking about Rio, that's Rio Tinto. So Rio Tinto, you should always have what it is. It's one of the commodities, and I'll never remember what it is. Just remind me if you can. Yes, so, oh, Rio Tinto, oh, to hang on. So if you're along, this is a little unusual because it went to a peak, G slash C, everything about it says it's probably a G, and therefore, pulling back to the 200 period moving average. Now, I don't know where you got in. So I'm just gonna say, let me do this for one second here, click, oh, what does Rio Tinto do? I should know these backwards, I wish metal is it. Miley Metals Company operating 35 countries around the world, Rio Tinto, Product Group Springs, Aluminum, Copper, Minerals and Iron Horses. So this is the sweet spot, it was in the sweet spot, it still is in the sweet spot, but I think deliveries are also going to be an issue. If you look at the shipping stocks, let's go to DSX. DSX, DSX, I'll type it into the question of Google, DSX. DSX, Dian shipping, bulk shippers up near the highs, but hasn't broken out yet from the high at about 6.40, and it's trading at 4.96 down, even down today. So I'm just gonna do this. I don't know where you got it, you're in it for 74. Oh, oh, oh, oh, that's very different. Oh, they just paid a semi-annual dividend yesterday. Oh, okay, 40 at 4.80, that's why the price came down. Excuse me, what I'm going to do is this. If you're in at 74, and it's a little weak today, the 200-period moving average of 31.96 is really important because if, last time, ever since it broke above it, that became the propellant line. Even when it came back down and intraday went down below, it closed above, and it showed all the way from the roundabout, the 69-ish area to the 83. It's a peak G slash C. It looks like a peak G in the daily chart. It's in a D, a weekly peak D, and I'm just going to say to you, looking out, I can see it pulling back to the 68, maybe even one sudden slide to 66, but the trajectory is apparent to me that it's got a peak C in the monthly chart. It held very well. This should be in many ways the sweet spot, and it's not over the last week as the other commodities were doing very well. So I'm going to say to you, if you've already got your dividend, now's the time maybe to lighten up, keep a core position. I'd lighten up. It really must hold 70 by Tuesday. Let's put it that way. But I would lighten up right here if you've already got that dividend. That's number one. And I would put the money that you take off a side and I'd be prepared. I don't want, if it starts to close under 68, that is actually not good action at all. But if it just pulls back to 71, 30, 60, by 71, 60, 71, yeah, 71, 30 to 70.60 and holds and then has a move that takes it above 75, 50. That's great action. So what I would say is, maybe if you want, I don't know if you want to do it for two points. It could be more, but it could be less to take money off. I mean, with taxes and all the stuff that's going on. So maybe what I would do is I'd say, hold off for one day. It could be a big mistake because you could gap down on Monday. But I'm just going to say, hold off for a day. Let's see how it holds. Because there is a lot of support in the low 70 area. So I'm changing my mind. I was going to say, take something else, especially if you've got the dividend. I would say use a little bit of the dividend as a kind of a stop. Do they still pay if you sell? Oh, sell often. Do they still pay if you sell the day off to the X dividend? Well, you should see that and you should get a notice about that. You know what? Let's be safe. Hold it for the day. Even if we do gap down, let's see, gap down to the day. It's down to $1.90. Let's say it's down to another dollar or two. That I don't think is going to make a big mistake, a big error in your calculations here. I'd rather know on Monday where it's, because if it holds very well and it actually touches $73.50, that's really good. So I'm going to, yeah. I'm just going to say, why don't you hold it through the weekend? I just don't think it's worth playing games right now. You've got, you've got that position. And to get back in, if it's bumps up to $75, I'd rather break the game. That's all I'm going to say. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate, LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four-Side Fund Services, LLC. At 1-877-927-6648. Internationally at 727-873-7618. I'm O'Brien. Hi, folks. Palo Alto, Chapman, sitting in for Tom O'Brien. So just a couple of things. Look at this left side low in the 10-minute E-mini from 2280. That's 840 last night. That was the 10th. That was the low at 4232-00, round number. It goes peak AP, peak C, and then it goes to D, holes tight. And all of a sudden you get this news, whoops, it sprites up to the high of 4335.50. And look what happened. You went into kind of a rectangle formation. You broke down, you went into another one, made the dreaded H pattern, then another H pattern. And now this is the left side. This is my plum line for a move to the right. And look what's happened. It is, it came in one bar, two bars before the expected low to be tested of 4232.00. We did that right there. We went to 4229.00, and then you took it out. So that was a test and it's broken down. Now I could have a balance, but that is the power of this left side, number of bars to the upside and number of bars to the downside in a parallel mirror image. Just a nice example of that. I was asked about it earlier. I didn't actually have Chadwick inside wedge target lines because it had such a vicious move to the upside before. All right, let's get back to the story. Now let's go through a couple of things. So the more I look at it, I've checked it out. They are, it's an Anglo-Australian. I remember there's something about Australia. And then what's the other Australian company with a B also in the commodities area? I can't remember offhand. A multinational world's second largest metals and mining corporation behind BHP, Billiton, that's right. Producing iron ore, copper, diamonds, gold, and uranium. I don't think I want to mess around. I would personally just hold it. I'd maybe do a little trading. If you took any money off, cheated as trading money, but your core position, I think this is in the right area, although the chart isn't as great. I mean, another stock, commodity iron ore pellets is Vail, Vail's doing nicely. It also hasn't made a recovery high to the left side high, but it's holding well. Why are the steel stocks? Why is US Steel doing so well? Made a new recovery high today. It's now down 42 cents and 32.87. But it's gone from the 24th of January around about the 18-something area. It's gone to today's high of 34.17. Are we using up so much steel? I don't know, but all I can say is that these are all, the whole commodity area, and in a way steel has to be considered a commodity, have been doing really well. So I just wanted to show you this. Let's go to the GDX. A bunch of questions came in with the GDX. It made a high at about just over 40. It's trading now at 38.35. Really good action considering. I suspect that gold is in play because it is the icon of fear. Money goes there, geopolitically, economically. When big money gets nervous, they go to the dollar and they go to gold. So I think this is not a trading vehicle. I think it was more a positioning vehicle with the GDX and the question has been, where would I add if I've been buying and I've taken some off? Well, the preference, the best place, as I said yesterday, was between 36.20 and maybe 35.10 as getting back in. If you're out completely, if you're out completely, I think you have to just nibble here. You have to kind of be in because now the dollar's down 172. The S&P's down 45. This is horrible action. So the place to be actually has been in these particular commodities. We've got to go stock in this holding very nicely. It's just kind of a safety precautionary measure. If you're looking at high-grade copper, high-grade copper is trading, it's down from the high. I think this can consolidate a little bit. Maybe together they consolidate it like Rio and some of these stocks that have done so well. So maybe if you're concerned, but I think it is kind of in the sweet spot in a way. So what we're also looking at here is I wanted to get to the questions came in. Could I look at Amazon now that we're talking about stock splits, what happens between, what was it, Amazon and what was yesterday? Let me just get that back again. Got a couple of questions that I just got. Amazon and Google. So look, I don't think the pattern is going to change. The tide for Amazon on the daily chart and the weekly chart, they are in sell modes. The monthly chart is so close to being called a sell mode but a sell signal, not a sell mode, just a sell signal, but it hasn't got there yet. It is really close. I don't care whether it splits. I don't care what it does because if you're looking at the options play, you're gonna be, so instead of having it at 29, 25, 2,225, say 292, or maybe it'll be half. So it'll be 100, what is that, just over 150, what am I saying? Yes, 150, let's say. So that doesn't make any difference. I don't think it makes any difference to the tide. The tide is going out for Amazon. The monthly chart is on the cusp of saying it's going into downtown, but you have to give it the benefit of the chart. I have to wait for it closed below 20, probably below 2,500 to say, oh, monthly is in a sell signal and probably be upgraded immediately to a sell mode but it hasn't done that. So the split doesn't do anything. Look at Apple, Apple's split. I've still got all the notations in the Chatham Wave because I did them all by hand. I've never changed this. In fact, I drew the other ones underneath it. Look, those are from all, there's monitoring peak. D pulls back, this is back in 2010 and it goes up, it goes to peak F at 100.72, pulls back to 55, but these are all the pre-split numbers, but I don't think it changed anything about the pattern. Apple is in a big, there's a Chatham Wave, a Roman candle right there. The third, so January February, February candle is a Roman candle and it's a weekly chart. That says in the shorter term timeframe, we are below the halfway point of this WIC, Chatham Wave Roman Candles long WIC. It's a good sign, it says there's a real good chance we're gonna test the lows. So all I'm gonna say is I'm not interested in the splits looking out. It'll be important for people wanting to buy options, et cetera, but at this particular point, the tide is the most important thing and the tide seems to be with a little of this. If you're looking at, I used to go to this just as a good example, look at DocuSign. DocuSign gap down to day 19. It's trading at down 21% at 74. This is a stock that was at 314. And everybody kept saying, I didn't understand it because I mean, I understand the concept, but I don't use DocuSign, electronic signing. It sounded great, great up in the 300 area and it just went straight down and it's still going straight down. The tide is the most important thing. It's not the words, it's the tide, which takes me to the bill that's just about to be passed. I remember the tiny print, all those little addendums and little asterisks that say, those become the large print over a period of three years or so. So everything that's getting signed right now, if you don't read what's there, the stuff you don't read becomes really important in a couple of years time. So it's like the chart, during the chart work here, the chart says on DocuSign, it doesn't matter what anybody says, the downtrend is in place and it will stay there until something spectacular turns it around and gets to trading for three weeks above 105. Then I'll say, you know what? I think we've seen a turn. All right, so we've got a break coming up and I've got just those questions and the question came in and I want to do this at the end. Do you think that all the bad news is already baked into the market about interest rates such that we're rallying on the Fed announcement of the quarter point interest rate hike and can you look at Apple? We just looked at it. We'd like to hear you take on it all the best. I'll be back in a moment. That was Tom. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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. 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Your investment can be anywhere from 100,000 to 500,000. You wanna make 1,000 per year on $100,000 invested or 7,000 per year on a secured Tiger First Mortgage. The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com, then hit Watch Tiger TV. That's tfnn.com, then hit Watch Tiger TV. Hi, folks, we're back. Basel Chap is sitting in for Tom O'Brien. We're looking at the question about TAN, which is the TAN, oh, I get it now, Invesco Solar Energy, look at the monthly chart it goes from, this low that was made around about 18 or so, it was a 17.47 in October 2018, goes peak APB, peak peak D. The MACD and stochastic are all still very good. And what happens is it screams up for about a year and a half. It goes all the way to the recent high in January of 2021, a 125.98 with 103 round number low. Always looking at those round numbers. Then it pulls back sharply, makes the dreaded H pattern of the peak B minus, pulls back and closes underneath the left side loan. That says to me, it's going to be in play at some point, but it needs to digest these gains. And the money hasn't really flowed into the solar energy yet. I think it will. So thinking about this, I think at 73.60, I'd probably try to wait for a 69 area to see 70 to 69 area, if that holds. If you're in it, you don't want it to break down. You want it to quickly go above the 200 billion moving average to 78. So we're going to wrap up here. We've got a great weekend coming up, I hope. And let me just do this. If the VIX index is trading at, the VIX index has come back after being weak. It's up 59 cents at 30.82. Mostly what we're looking at is that rallies are beginning to fail quicker and quicker. You saw that in the one minute chart, it makes a difference if you're looking at a data or one minute chart, when the patent says that every rally gets smaller and smaller and you make lower lows. Until you change that and start making higher highs and higher lows, think of the theme of the tide. The tide says we are still going down. There was a chance that we could have moved much higher today and then had a weak, weaker close from the highs of the day. Didn't work that way at all. So I'm just saying be careful for subscribers. We've been raising cash. We've got some trades that go on. We've got some positions and a lot of positions more in the commodities than anything else, that area and they're still, as I said, along the dollar. So you've got to be real careful right now. There's nothing wrong with cash. Cash is a position. And think of that. And you can have other positions, but put the cash to me. I believe. Have a wonderful weekend, everyone. And I appreciate it. Thank you, John, for letting me be a guest. And I hope you all have a wonderful weekend. Hope to see you all on Monday.