 The Tiger Technician Hour with your host Basil Chapman call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now Basil Chapman, everyone Basil Chapman Tiger Technicians out don't forget this is the last day of the sale that special Tiger sale wow what a deal again 20 30 40% bonus so here we go the Dow check the front page of tier finance is your time to do it down's up 38 at 25,623 this is going to be an important session because it's going to tell me whether there's enough strength to form the lowercase h in the Chapman wave method dot oh let me just show you this right here uh yep there it is so what we're looking for in the core patterns of the Chapman wave look for the most obvious lowest load we try to count the number of peaks above the fourth highest peak alphabetize uppercase d that fourth highest peak is where other things can happen certainly you can go to e f and g most importantly these are the patterns we're looking for you got the straight line up and down you've got the cup and you've got the arch the arch in the cup right there or you can get a combination and this combination here of the lowercase h if it holds the left side no it can make yet another one and I call that lowercase h to a lowercase m so what we're looking at here in real life is this pattern right here where there's a large arch formation and then there's another little arch now this has got the the pattern that could look like a head and shoulders but I don't think that's the case right now more importantly 25,772 is the 14 the black line the thick black line the 14 period exponential moving areas it needs to be pierced then the next level of resistance is 25,957 this is go step by step we're really seeing a mixed market here where the semi is up 0.09 in the semiconductor smash of the 120 level goes down to the 90 97 is trading right now at 99 50 really very poor action and there are a number of areas that should be important what is moving right now let me just do this before I forget look at wheat wheat is up 14 and a quarter at 503 and three quarters that is a spec 418 to 509 what what a move and look at this even soybeans which is lagging is up nicely today up 24 and a half at age 54 and a quarter in leg b in the chaplain wave in the daily chart leg b no it's only a leg a in the weekly because you cannot count the bar that makes the high as an a unless it's the chaplain wave instant restart which it isn't so this is only a leg a in the weekly chart and look at corn corn is up what a move 343 round them below on the 13th and now it's two weeks later maybe a little more than two weeks later and you're at 416 and a half that's the reason why for subscribers we do have an agricultural fund and we're long been wrong for a little while and we had some losses initially when we took it as it was just plummeting now it's made it all back is looking very good what a move look at this weekly chart look at the monthly chart this is not even a leg a yet because you have to make a higher low bar before you can actually get a trough and only after the trough is made you start counting the legs to the upside yes the weekly chart is in the spectacular leg a but two weekly gaps i've never seen this um no i shouldn't say i've never seen i just don't recall ever seeing it whether it's a commodity or that it's a stock two gaps on on on them first have trading the next week i'm sure it's happened i just don't remember it but this is spectacular look at it it's just wiped out all the trading down trading since july when it was at 416 415 amazing corn okay let's get on with our nitty gritties um i just let me just do this for a moment because it's going to give you a good sense at least for what i'm looking at if that's what you're interested in i'm looking at the weekly chart saying that everything about it this is what i said to subscribers over the weekend remember i i sent charts out every day of the week um do a lot of work i certainly went through a ton of charts over the weekend but i didn't send out as many as usual because i needed it for my own i wanted to glean as much knowledge and information as i could look at this the weekly chart has everything about of the mag d cross negative sarcastic's gone from the 96 percent area to 48 percent everything about this says that i should be putting a down arrow for at least a cell signal in the weekly chart but i can't because you can't get a cell signal but it's only at a p c we can only get it from a d or higher fourth highest peak not the third so i'm watching this real closely why because on a weekly basis the technicals are suggesting that even if there isn't turn around to the upside it's going to have to either be spectacular or it's just going to be a bounce and then you're going to have to do some more retesting so a consolidation basically if it takes out 25222 anytime this week that's very negative that's very negative monthly charts we've got another week to go before we talk end of the week another four five days to go four days actually so let's just real wait before we talk about the monthly chart as it stands i don't see any chance of it going about 26695 unless it's just an unbelievably spectacular bunch of news and that could happen but i don't see the reason why i should so in the meantime back at the ranch what we are looking at is just let me say that the e-mini uh let's look at the s and p e-mini right now see this potential cup formation it's really a bowl formation it's having tremendous resistance this magnet of the 200 period exponential moving average in the two minute chart says that the level of let me click on it so i can see uh the level of 20 28 29 28 30 it's like a magnet it goes slightly above then it comes back and goes under it so that's both resistance and it'll be a support level if the s and p e-mini can break above 28 41 25 that was the high right there up says not the high that was the high earlier today that was early this morning i didn't finish notating that this is a b cd and let me just do that right now i was actually trading the the rustle future so let me just do this a b c one is actually c2 all right it's like a pd and now we've come back so 28 41 25 that's that's that's another 10 points up it can happen so i'm just going to say that it closed at between two o'clock and three o'clock above 28 42 which suggests that we have a very nice ready into maybe wednesday maybe even thursday morning if not you just back to the same old same old of ready failures now okay enough for that i want you to show you look high grade copper up strong thing i should go high grade copper to the daily and weekly monthly charts here we go high grade copper hg but high grade copper is trading right now it's down a little bit it's a 2.696 it's trying its first real decent opportunity now to trade up and it's still can't do it look the magnies finally crossing positive after the very weak sarcastic finally bouncing from the singer from the i think it was single digits actually uh that's 14 oops i can't get it right now there is okay i've got a sarcastic wise in fact down to 15 percent level so now it's a 23 it should be a much better rally it's really struggling that's a problem i'll be back thousand chap and tiger technicians are down to 31 s and p's at 5.31 it's not to better than the cow i'll be right back off these important messages at 877 97 6x4 the taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks etfs commodity futures and forex headed by steve doll president of taz 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nothing to lose don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades sign up today many of our new listeners have heard about the tiger's den the tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere hear all of the tfnn shows plus see all the charts as they happen live and have access to archives of all of those charts you can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website you can still visit us at the same tfnn.com url but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 hi everyone we're looking at wood which is the ice shares global timber and forestry you can remember we're looking at copper which is very weak now wood which is global copper global wood which is the ice shares um i mean this is international timber and forestry terrible 83.88 june of 2018 trading at 56.20 right now 55.106 was the low back in december this is just not good action this makes me a little worried and if i put this together with my which is syntas which is syntas is the oh syntas is corporate uh corporation overalls uniform rentals holding very nicely towards the all-time high amazon that's the eight part of cash kind of near the all-time highs at 1844 since 2050.50 was the september all-time high but very weak lately making that h pattern the dreaded h pattern tested the 1817.25 low closed below it now it's trying to rally it has to climb over 1860 to get over the 14 period moving average 14 period in the daily and pd in the weekly since really taking a bit of a breather a spy which is the s and p all right yeah spy which is making the h pattern the same page pattern that we looked at in amazon a moment to go look at this there's your arch lowercase h now i'm putting it on this side to see if it's going to pull back further but right now unless the spy training at 283.15 up 37 cents s and p depository receipts it's the s and p 500 trading vehicle can close above 285.60 really nicely above the 14 period exponential moving areas a thick black line there that's a problem but the manky is close to wanting to turn up and the stochastic is making a double deformation this is the opportunity that it has if it can't do it that's a real problem because that peak c in the weekly chart like the dow has this one didn't close negative the s and p so the dow weekly chart mac d did close friday week underneath cross negative this hasn't so so that's spy and now we've got home depot home depot is up 30 cents of 1989 i it's holding quite nicely i showed it to my subscribers this morning over the weekend actually in the morning to say hey it's trying to turn up here but the manky is just about to try to cross positive it's still point 11 minus point 11 still negative but it's trying on balance volume is good manky stochastic is up the weekly chart hasn't deflected lower yet but because it got a full four days to go it better not otherwise it's a real problem but this is going to be important because i'll tell you right now unless home depot which had a height today of 196.47 can close above 197.65 that was the height of about five weeks ago um that's a problem if it can do that that's already bullish if it fails it starts to go under 192 the next two days well that's going to be real fairly that'll be a big negative um now we've got so that's my cash index but i'll look at my down core tax that is caterpillar caterpillar which is surely it's up no it's down again down 56 cents at 122 34 look at that monthly chart look at those h's 1h right there fails he has another h failure wow caterpillar 122.32 down 58 cents so that's caterpillar IBM surely it's up a little but no it's down 12 cents at 132.16 another look at the series of h's remember they keep failing and that's what IBM's doing about triple m which added a horrible horrible chart pattern down 52 cents again today look at that weekly the weekly goes from 220 down to 165 i mean wow that is huge and not only that but the monthly chart at an all-time high of 259.77 january of last year now trading at 165 100 points down that's not good and utx the night technologies also down 29 cents and 131.10 i don't know why the dalcon get any traction today um hey these are not good charts these are really lousy charts so okay we'll watch that closely now as we look at fang facebook facebook is up three at 184 it's right on the 200 period sorry it's right on the black 14 period exponential moving average magnies attempting to improve stochastic's okay 28 percent but not great and then weekly chart says the magnies goes stochastic's not but it's holding above the ninth period moving average the green line very nicely so at 184.16 it needs to push into the 189 to 190 area this week to say that it's got the the gumption it's got the strength to be able to go towards the all-time high um at least the last i have the 25th of 198.48 look at amazon we did amazon look at apple apple of course is getting lambasted from everywhere and it's up 23 cents at 179.20 233.47 was the october high plummets down to 142 spirals up to 215 pulls back to 178 this is not very good action and we've got goog googie google is looking a little bit it's up 17 and 1 1,151 but it doesn't look good on the chart it's got a lot of work to do to get to the 180 1187 is ready it needs to get to another 36 points and then i'd say hey google is in alphabet is really doing doing well because it's going in the alphabet to a leg b i don't know right now it's not looking all that great now the question i had earlier was would i look at the what i do in an assessment of the tlt because look at the big dichotomy liman i share 20 a treasury bond etf is up 85 cents and 128.62 took out the left side high now this is a chaplain wave it's it's an instant restart but it's what i call a flat base instant restart because it did go from a peak d and then it had a sharper pullback didn't take out the low that made the trough d at 125 20 it went down to 125 30 so that five cents made a difference because if it went under it i'd say the next plunge is going to take it below 125 right now all i can say is that 126 69 the left side look is key support now why do i say dichotomy because money is going into bonds rates are coming down look at the t and x t and x dot x has the tenure look at this trough a trough b trough c trough d instant restart trough a trough b trough c trough another d and a d in the weekly an absolute plunge so now what we're looking at is rates at record lows so why is money coming out of probably coming out of stocks and going into uh and going into uh the so-called safety of bonds i'm not sure except to say that that international look that we were doing with copper and and and would the i shares of timber and forestry has to say that there's a lot of nervousness over throughout the world so if i'm looking at this then the hgx which is the Philadelphia housing sector index should be screaming to the upside oh it's really strongly up it's at 304.32 it's up 0.1 it's up 29 cents something's something is really weird yet so so if housing money's not going into housing where's money going to Tina that's what somebody said the other i thought that was great brilliant uh Tina means uh i thought it was brilliant but now i can't remember what it means i'll tell you in a minute basal chapman tanker munitions hour um thousand thirty six this episode five i'll be right back since 1984 basal chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basal noticed that prices under most circumstances virtually always had a certain number of likes to the upside before declining sharply later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfnn.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com the path of least resistance is david white's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service david uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options david keeps subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to david's daily newsletter the path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every 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checkout this sale ends memorial day may 27th so don't let it pass you by for all the details and to save 25 percent and get your free book shipped today check out the art of timing the trade charts on the front page of tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com I've always been back so tlt trading at 128.7 tf.92 dina there is no alternative uh really i mean if you want to put money to work what do you do you have to put into something in the market that's anything that's really moving or if you want complete safety you put in bonds but that's a different thing altogether but maybe in short term duration whatever and let me see what junk is doing j and k which is the spider barclays high yield bond uh oh this used to be notation now it's not so why is it not notated i don't know okay just real quickly there we go there's your down point and you can start a buy signal close to a buy mode peak a in the weekly and i think that's a c let me just double check now it's the one before so let me check that out you got 107.97 107.97 parallel highs 108.69 108.69 parallel highs so one of these could in fact be a d but it doesn't matter i mean a phantom c i'm calling this a c because it matches everything else we're looking at but most importantly at 107.19 up 13 cents the high yield doesn't look too great looks very much like the wine fact if i looked at this you would have said it was a chart of one of the indices it doesn't look like the tlt look at the tlt here we go i mean look at that beautiful cup breakout pattern chaplain wave cup and ladle breakout it did look like a cup and handle for a moment i'll call it a cup and handle for now and it's trading really well and when it finally comes down it's just got less than two points to 126.69 to test in the chaplain wave flat base restart so um hey if if one there's a dichotomy right not only that we've got crude oil which has come down really sharply from the 66 66 60 area back in the 23rd of april trading down to the 57th trade right now at 59 15 up 53 cents and got deflected at a pc from the 200 period exponential weaving average not breaking down it just looks horrible because the daily chart extended so highly but if you look at the weekly chart it's still holding pretty well so that's also saying to me internationally there's been a pull some kind of a pullback in the shorter term the the hydric copper and the ice the ice shares of the timber industry that's a little different so uh let me just do this because i had a couple of questions about xli xli is the real industrials that's the s&p select industrial even then it's not purely industrial like the dow was initially but most importantly it's up 0.04 and the dow itself is up 0.14 percent 0.4 and 0.14 dow is up 35 0.80 0.97 and the s&p and the xli is up 0.03 yeah this is just not good it could went to the 200 period moving average let me show you keep your eye on the left side or keep your eye on the left side chart for now and i want to show you something look keep your eye on the left side chart and there's the dow so the dow is also saying it's in this sideways consolidation phase hasn't broken down breakdown would be under 25 000 that'd be a real breakdown i got a whole week to go and i'm not sure yet whether we're going to break 25 000 222 the low of the 14th of may so that's the dow but when you look at the qqq you can see that it's really struggling it's up 96 cents and 179 14 right now so that that's good action but look at that weekly chart the weekly chart is suggesting unless there's really a spectacular some kind of a trigger to say wow this is a great opportunity great buying opportunity i don't see that yet so the qqq together with xlk which is the s&p select tech spider fund has gone down to a trough d trying to rally but look at the weekly chart if i didn't see this as a peak b i would have said absolutely this is more like a g this is more like a some kind of a topping action than to say a consolidation so i'm just doing one thing at a time i'm saying to you look there's been a spectacular move from the december lows it got way overextended to the upside in many of the indices the xlk went to 79.70 it was at 57.57 after a 24 decline from its all-time high of 76 down to 57 now it goes from 57 20 points higher was about 37 38 percent and i'll just pull back a little bit so keep in mind what we're really looking at here is the extension that went beyond what it should have in most of the indices in april or may is now saying consolidation taking place i'm treating it as a consolidation and i don't see any reason why not to treat it as a consolidation but i can tell you this under 25 000 it's not a consolidation anymore it's starting to become much more serious okay next question i had is would i look at silver yep sure silver right now silver is down 0.24 and 14.31 oh look at this remember this channel that i drew in i did in a bunch of different indices sectors look at this that's the line in the sand is the red line and it's in an f but in fact i could make the case that it's an f slash d why because this rally here in failure peak a minus made a trough a trough b it's called a gray trough a and a gray trough b and then an e slash c and f slash d so look at this at the bottom end of a narrow channel line remember all these different techniques over the years i've developed these techniques we use them all the time for subscribers to an opening call and what's really important about this particular phase right now is that the the the daily chart is just making absolutely under the 14 period moving average it's making a series of lower lows and lower highs much lower highs and much lower lows and look here's the weekly it shows you the same thing and it hasn't taken out it hasn't come close to the 14 the 14.17 low of the week of the 16th of november i shouldn't say it hasn't come close it's getting close it's making an arch formation or inverted a formation after the pd weekly top so this for silver is a big deal and it is a big deal can it pull one of these things because look these guys were going down down down look at this look at this channel right here in wheat and when it broke out who look at that weekly chart how it broke out so that's very important and um what i am looking at here is that the i don't care whether it's because of the administration i don't care what it is i don't care what the reason is i don't care only i only care about the results and the fact is that this when there's been no real evidence of um the farmers being helped there's a hint that they will be but just a hint look what's happened 418 to today's high of 509 in just a few weeks this is from the may from the april no that's sorry the 513 that was the the low of the 13th of may that is incredible action so here we go i'll just put that inside don't forget so that's five that is that that is really something that's five one for 513 yeah okay so i had a question well we could brush your half away we okay i haven't looked at it for a while i hope i've updated it yep made a pdf top and just under two it's about 218 it makes the top back in the beginning of may trading right now 201 this is something to talk about this is buffett buffett is going to be too happy that's pulled back quite a bit but it's still up in the high range i'll be back we're talking about to the channel but we are paid down 73 cents at 200.97 thousand 40 sqs of the tfnn memorial day tiger dollar sale is here from now through memorial day you can get up to a 40 bonus on your tiger dollar purchase tiger dollars never expire and can be used for any tfnn good or service whether you're a current subscriber looking to add instant savings or you're a new listener or viewer that is considering signing up for any product in the near future now is a great time to get your tiger dollars and lock 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subscribers consisting of coverage of the xau hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations as of april first of this year the gold report currently has eight active positions with an average unrealized profit of almost eight percent for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfnn.com don't let gold's next big run pass you by sign up today are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com today an investor should consider 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 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 for the latest market information to berkshire hathaway brk.b that's the asia dot a no dot b is the b shares that we're looking at you this is bad that i called the eiffel tower straight up straight down looks like an uppercase a hasn't taken out the lows that were made back at 198.23 and 20 198.20 on the 25th of march made a peak f top in the chaplain wave back on the 3rd of may at 219.16 so it's come back very steadily in trough sea it's trying to rally but the magnate is still very weak stochastic is terrible at 12 12 percent it used to get to 22 percent or more to really get over the 205 quarter 204 14 and 200 period expansion moving averages weekly chart is suggesting that it made a cup failure pattern has to take a little more time to consolidate so it really used to get to 206 another six or seven points higher at that stage i'll be saying you know what you're making a cup formation you could write it a little further but i suspect it's going to be a failure mode until it makes a decisive low and i suspect that's going to be more in the 197 area 195 i'm not sure about that but that's kind of what my says at this particular point next question and is twitter uh can you look at twitter a dating weekly monthly upshot uh dating so i looked at this for the last two weeks or so it was recommended that i have a look at it it's acting it's been acting very well i agreed but you know i was looking at twitter way back and i figured if the president is using twitter the way he's using twitter at some point twitter should be recognized and it should be very good but it had its big run to 47 back in june of last year then it pulled back to the 26s and now it's trading it out after having hit the other day 41 just on on 41 trading 37 61 so my concern here is that it's really struggling and this is the way i would look at it put it on your list as a stock that has the potential in the monthly chart to get to the 47 200 period exponential moving average to possibly double top but at the same time this is what i'm looking at i think it's going to digest the recent gains especially the big gap that it had that was on the 22nd of april it's trading at 3382 i think it must have been good earnings or something gaps up lows 36 91 the next day and then by the 30th it runs to 40.92 and now it's just digesting the gains treated as a stock to put on your list i'm not sure i'd rush into it the best way to do it excuse me you said cup of tea the best way to do this is if you really do like the stock i do like the stock but haven't made a peak d in the week i think there's more time i wouldn't be surprised if it has to test the 36 to 35 area a little bit this is the way i would either i would buy an august go right out go far out an august call and i'd be closer to being in the money so that you lose a big percentage on the way down but nothing like if you were just crazy out the money at 42 and you're paying a dollar 80 and the thing goes down to 25 cents no i'm saying it's a 37 59 i buy something like a 35 if you can so you're paying already two and a half so it must be more than a dollar premium if you're going out to august so listen you're paying three and a half you're paying up 10 percent my suspicion is that at some point you really get a good chance to either get your money back but even a good chance to do a double by august so that's the what the longer term shorter term intermediate i'm thinking that it's really choppy and it's going to mess around here for a while i'm absolutely wrong if it if it closes about 3950 in the next week but if it starts to break the low that was made on the 13th of 36 37 i'd suggest hold off give yourself time put it on your list and this is the way i would do it if it pulls back under 36 i would have my first tranche my little bit i'd start there saying there's about a 10 percent risk but if it starts to move higher it could do it very quickly if it gets rid of all if it pulls some of the gap and then goes back into the 36 37 area that'll be good action so i'm just saying i would hold off i'm putting it on my list i've got on my list in fact for my subscribers just there to there's a watchdog we've missed the really nice move i did like it after that peak the end was holding 200 period moving average at 32 never did a thing about it that's a shame because now you would have had a cushion and you would have just said okay i can give up some of the gains can even take a little bit off and i've hold it that's not the case but not in it but i am saying keep it on your list i think it is again to be a i think it's the the monthly chart says it has the potential to push to the 50s but you're going to have a lot of patience so if you're looking at 13 to 14 15 point rally so that's about a 45 percent gain then you can have yourself a 10 percent or a 12 percent risk so if you like it now and you don't want to risk it suddenly gapping up and not knowing what to do or pushing above the high of the 22nd about 39 32 i'd say maybe just start a little nibble here you can add or subtract it anything you want but at least it gives you a sense i've got the arch formation i think it's going to be coming back and it's going to be doing a test of the 36s over the next couple of days we'll see but in the meantime that's my assessment i just risk reward i don't i don't want to be buying it yet 37 and see it suddenly break 35 50s support now i've got a two point loss and i and it's not my plan my plan here is that i would i would want to see a pullback how it holds between 36 and 35 isn't going to pull the entire gap we're going to break and go back to 3462 or lower we don't know but in this particular environment i'd say just be a little careful on the stock okay next thing we're looking at here is uh what was the question uh rockport music nope uh no here we go a question about bowing bowing is up nicely it's up four points today 359 and it's helping the i think that's part of the reason why the dow is up 30 something points instead 36 instead of being down 36 but this is just be careful of bowing there's a lot more bad news that's going to come out yes i know i like to say that you should be looking at the chart with a chart the weekly chart is saying not quite done yet not quite done doesn't have to break down doesn't have to go down to 320 although my suspicion is that 327 is going to be an area that it hits at some point but at this stage of 358 can it go down another 10 percent absolutely going to go up another 10 percent i think that's going to be harder there's some bad news and i think it's going to be bad news that's going to be country specific that some of the country is going to say you know what we with it now thinking we've got airbus we've got other things and we've got a huge backlog we can wait we'll come back in waiting 10 years or waiting 12 years doesn't make too much difference especially in this market so i think bowing has limited upside question i had about lmt lmt that's lucky martin right yeah lucky martin i haven't finished it d went to a peak e this has really been a very good uh rally it's in a leg d in the weekly and a peak d in the daily oh that is interesting all right i'll do a little more work we talk about when i get back basal chap and final segment coming up oh don't forget my web my uh talk tomorrow night at mit this is for the boston investors group i'll talk about it when we get back at seven o'clock in cambridge mass at mit real easy to get to good parking i'll talk about as soon as we return i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm steve rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools 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going to tfn.com and click the newsletters button near the top of the page tfn.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nico our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids natures prefer delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just 89 dollars click on the primal edge banner on the front page of tfn.com hi folks this is steve rhodes stay tuned for another great hour of the trader's edge heard here at tfn.com hi everyone so um yes i'll be speaking at MIT tomorrow night this is an MIT event the room is at MIT it's the boston investors group meeting wednesday may the 29th 2019 seven o'clock MIT building e-51 room 335 70 memorial drive Cambridge mass it's it's actually parallel to memorial drive so you take a left and then you can park and you can just go to the you can google it boston investors group meet up and i'll be talking about socioeconomic political trends different charts different indices what looks good over the coming a few months what's working right now what is still taking a breather a long-term breather at least has been for six or seven months i want to start under the radar and the esoterics like skyscrapers etc and i'll be taking questions really looking forward to it i always have a fabulous time there really good questions a lot of people are fundamental analysts uh but there are many that are technical and i get these questions that i have to see on the spot i have to think it through in a in a way that perhaps i hadn't thought of it before so it's always quite exciting for me i love it okay next thing we're looking at you is a question about cgc cgc is canopy this is for vicki bradenton uh couldn't hold on the line right now at 45 59 if if you're used to this stock which is canopy growth medical marijuana trading 46 59 per dollar 17 take a little bit take a little bite right now at um 45 59 reason is the magnate is trying to turn up is testing the 14 period exponential moving average stochastic's okay 31 percent i don't like these arch formations in the weekly but this is at least going to give you for i'd say for an 80 cent stop just maybe less than two percent if this thing takes out in the next two days if it takes out the high of the 22nd 46 97 that'll start leg b that'll be very positive and we'll target the 48th the risk reward good opportunity don't forget folks this is the end of the tiger dollar day the front page of tfnn check it out for the same as 20 30 40 percent safe tune for steve rhodes statewide i'll be back with tom later on today and check out my opening call i hope that it's something you'll benefit to you then very nicely lately and i'll be back