 We'll be right back with a T F N N. 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 will be back at 6 am in the morning. So it will be recorded and played back at my usual time, the noon time show. And thank you for being here. So nice start to the week. We've got a very early start. The Dow is up a little bit. The futures up 57 in the Dow up 8 in the E-mini. This is going to be an important moment and I'll tell you what. Within the context of Chapman methodology, let me just really quickly. We're always looking. I believe there are just three patterns in the market straight up and straight down arch formation and cup formation. You can get a combination of the three, but it's the same principle. I try to find the most obvious low bar to start a wave count. We're always looking from a trough low going successively higher with each peak labeled up a case on the way up, lower case on the way down. On the way down the alphabetization is really part and parcel of the structure of the technicals on the way up. We can just use peak A, peak B, peak C and the fourth highest peak peak D and say, aha, even there you can go to E, F and G. The fourth highest peak peak D is where other things can happen. Good summary. Here we go. Where are we? We are in the 20th of July, all time high, 27,398. One of the reasons why I said to subscribers to my opening call my daily newsletter that we had gone long on the very low bar of the third of June where the lowest 24,701 we went long at about 24,823 as it opened that day with a doji candle. We're taking a little bit long position but at the same time I said on the 16th we're going short today if the Dow goes to 27,000 over 27,390. It went to 27,398 7 points higher and we have a short position, a separate thing completely and I explain the reason why. Because in this pattern looking at the MACD, the moving average convergence I'll show this a little bit more what I give subscribers every single day in my newsletter. You can see that the moving averages were all very strong on the left side chart but on the right side chart what we were getting is a slight divergence as the technicals we were getting to fade and the count that I had expecting a leg D had extended a little bit higher and we had a doji candle the high of the 15th and that was a warning to me to say that you know how if you throw a ball up in the air there's that moment where the ball just stops dead it is neither going up nor is it going down it is at zero gravity and then it starts to arch over and it turns down well to me that little doji candle followed by a second doji candle, tiny little doji plus sign doji is like a plus sign I open and close at about the same level and I like to also discuss how the wicks on this case they were tiny little wicks on the outer sides and that said to me yes if we do get a turn around I had a number of aspects that I was looking at especially when you get to the 90s so 27,290 27,390 that's where the market just has a little bit of a hold back before it goes to the next hundred level it didn't do that with a millennial level of 27,000 it kind of went right through now what we've got is yes we've pulled back and everything looks like oh what a great great great timing well we've used the technicals and of course I must include the 120-minute chart if I can find that there's a 120-minute chart there we've got the chapter 5 with the little x coming up at 27,398 and we've got the pullback to chapter 5 on the downside and then a balance and there's an arch formation so you've got that arch formation with a lower case h in the 120-minute down chart the MACD deflected lower the stochastic is only at 57% so this is the start it is a process so we won't get any I couldn't even put a down arrow because the MACD is not across negative I did in the E-mini look the ESU gave me a down arrow at a peak E at 3,023.50 because it closed the size of the under key moving averages the MACD it already turned down the stochastic turned down it was weaker and that says to me that the E-mini the S&P E-mini training at 2983 as we speak the 3,023.50 is a very strong level to watch and the weekly chart there's a good case that we might be making a peak E if all of this week we don't go even 125 cents higher above 3,023.50 moves in 25 cent increments so that's going to be what we're looking at now let me go through the different indices and I'll explain the same thing in the different indices look S&P had a horrible day on Friday it closed under the 14-period moving average made a peak F at 3,017.18 on the 15th of July wait a minute the MACD did turn down unlike the Dow the Dow has been stronger than the other indices and the stochastic is now under 80% I like it over 80% over 90% what is it 70% so the daily I haven't even been able to put a down arrow yet because I need to wait a little more confirmation it's getting there and then I can put a down arrow for a sell signal and then it might increase to a sell mode very quickly if we're trading below 2968 by this afternoon or going into tomorrow morning let's look at the QQQ all of these new highs changes the picture completely at least for the very short term 194-19 on the 15th of July peak F, Dow G, tiny little Dow G runs out of gas the way these arches are formed very often is that you get a slower, you get a diminution in the upside momentum as you begin to fade and you get to that 0% then you start turning down leg D in the weekly monthly charts in all cases are still very very strong although they're all bumped into resistance levels but that can be taken out the IWM which is the Russell 2000 has already been in the sideways since the 1st of July at 158.03 it's been stuck being in this range it's going in a rectangle formation sitting on the 200-period moving average of 153.80 if it starts to trade in the 153.40 area any time this week that's a pretty negative sign otherwise you can go sideways it can hold a little better because it's been worse than the others maybe now it will find the Russell small cap stocks will find some kind of support they do have quite a few gold stocks in there so that should have helped okay let's go to gold gold itself is trading right now down just a fraction down 0.2 at 1426 it's had this rectangle formation I see a rectangle formation can last a lot longer than your patients even if it sneaks out of the the borderline upper resistance or the lower one keeps trying to come back until it decisively breaks one way or the other be careful only in the sense that that range can stay for quite a while so if gold this week starts trading the 1460s that is fantastic action that is really good action 1400 expect some kind of a consolidation to continue but the gold stocks have been very good I just wanted to show you something as we go to our break the dollar is holding look at this the dollar is up 13 cents at 97.27 even the gold is broken out to the upside this tells me that this is the currency excellent this is the currency that everyone is going to I'll be right back we're currently using the TAS Profile Scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the TAS Profile Scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks, ETFs commodity futures and 4x headed by Steve Dahl TAS understands that in today's technological world the use of top flight software applications and technical analysis expertise is crucial to successful trading in today's market you also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted the best way to use the TAS Profile Scanner to profit this webinar archive is available for all subscribers immediately upon signing up all new subscriptions also come with a 30 day money back guarantee so you have nothing to risk start your subscription by visiting the front page of TFNN.com today and 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Estate LLC at tfnn.com that's 727-329-8322 call us 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 those charts you can test drive the Tiger's Den 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 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 folks we're back so this is an 8 18 in the morning and it's going to be recorded and played so it's 12-18 this afternoon let's see if the S&P is still up 8.50 there's some buying going on and remember I said a rectangle formation can last a lot longer than your patience look at this right here you've got this from about 6.30 this morning you've been in this trading band trading band trading band I used to like to narrow it as it gets narrower and then it breaks out and even now it's about to test the 2986 resistance and if it does that then it can go to the 727-987-755 that was made a little earlier on and I'll go back to putting this as a rectangle a larger rectangle formation we went above it, we went out of it we'll see what happens here and it was also a peak E in the 10-minute chart now it's going to challenge that so there is some news going out I think the earnings reports I'm not sure quite now I don't know exactly what's going on but the S&P went from 2981 to 2986 and just a span of a few minutes and so that says it's good so as I was saying the dollar is acting very well it's not great it's just acting very well and it's been a sideways consolidation actually for a year now look at this what was that bar right there August it's almost a year next month will be 96, 98 was the high 94-43 was the low and now all of a sudden we're trading 926 holding the 14 and the 9-period moving averages and the monthly chart the bank is still good so casting said 86 turning down a little bit it's still good so I like to see this now silver is trading at this particular remember silver was the breakout it's done that periodically over the last year and that's just been the climax to catching up to gold this is different actually silver led and that's very important the weekly chart and that suggests it should go into the 16 70 1680s at some point very soon this is good action the weekly chart was looking horrible in the H pattern now it's a cup formation it's looking much better so that tells me that because of how can I phrase this because of geopolitical concerns gold was the factor of fear and was rallying the fact that the gdx and silver that is the gold miners have been rallying independently tells me that this is for real that we cannot ignore what's going on this is this is a very good move to the upside and the market vectors gold miners etf the gdx trading at 2799 up a penny right now has broken out and it's turned to 20 at 2799 right now it's turned to 25 to 2350 area into major support over the next coming weeks however what I will say is that it's the individual stocks that have been absolutely superlative they have really done well many of them have doubled and they've been doubled because they were at lows of 2s and 3s and 4s so it was easy for them to double they are still some of them are way off their all time highs but look at rgld one of the really great gold stocks real gold ink trading at 117.21 right now I've got this as a potential leg f on the shorter term this is a daily the monthly chart I know this is a brand new a or an f I'm going to put an f slash a f it says oops got to be careful a says are you crazy you got to buy every single dip because it could still be and the c and the d so this is treat this as the technicals are very strong and it's acting very well royal gold rgld really strong and in the monthly chart is leg e slash b and look at this if I go back this huge cup and handle formation let me just draw it in for you not one of my favorites because invariably you come back and you test the lip of the cup in this case it would be at 100 what's the big deal it's 117 right now but you got to be a little careful that at some point it doesn't pull back all right so now what I'm doing is I'm looking at get out of that I wanted to show you the crude oil trading at 5649 up 73 cents is in the lower range it got repelled to the 200 period moving average of 59 this is the continuous contract and at the same time what I am looking at is within this context the whole area of the 54 maybe 53 maybe that has to be tested but it does seem to have a cap to the upside especially since there being a little couple of conflagrations in the Middle East the fact that it's trading up 72 cents and not a dollar 72 cents says to me that there's a lot of oil out there and that's one of the reasons why pressuring oil is not pushing the prices extremely high now I want to talk about the TLT the TLT which is the Lehman 20th Treasury Bond Fund Trading Unchanger 131.69 has been stuck in a range I had mentioned that I showed my subscribers over the weekend to my opening call I showed them I showed them this chart where let me get there so go here go there okay this chart here shows you the longer term I call it my why am I hesitating there it is I call it my longer term overview of yields and yields have been here many times before over the last 5, 7, 8, 10 years and all that's different now is what it is saying and if you look at this yield it's rallied quite right strongly over the last week and a half yeah it's just kind of stuck and this pink line this is the 30 year is the white T bond yield the TYX look there it is TRUFG I could call it TRUFG slash C the 10 year T note yield the T and X gold one or brown the 4 it's also at the lower range and the 5 year FVX is the T note yield it's trading the cyan it's trading at 10 point so 18.06 1.806 and look it's been here many times I'll move this a couple of times I'll squeeze it closed a little bit so you can see what I'm talking about yeah but here's the pink line let me go all the way down here for the 5 year many times before for the let's go to the 10 year many times before so nothing has really changed what has changed is that there's a little insecurity in terms of what the Fed's going to do and 25 cents so 50 cents I can't we'll see but as I said we've been here many times before especially the Fed's attitude what did concern me over the weekend in the chart that I sent and this is quite important is that WOD WOD the ISH's FFEDF failed to break the long term down channel from June of 2018 at 83.88 now at 57 the arch there's a dreaded H pattern it ran again now it's a tinier one it just hasn't been able to break out from the resistance the HGX Philadelphia housing index when yields are at the lowest levels in the lowest level area I should say housing is not improved housing is just kind of stacking maybe made a peak F we don't know if this is an alternate count but that to me is a concern because at 369 in January of 2018 the Philadelphia housing index plummeted to 227 but then it ran up beautifully up into the 318 320 area now it's a 316 and it's kind of stuck that's a little surprising I'll be back Basil Chapman this is the recorder's show this is 8.26 in the morning 12.26 if you're listening to me since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s since in the 1980s most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy 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 Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter now you can get a 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your 2 week free trial to Basil'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 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think it's going to break out and then it comes back to the lower part and then it did break out just once in the downside now it's back in the middle of the report some kind of the report coming out at 8.30 this morning I'm sure and the futures are still in the trading band isn't that amazing above 29.88 it breaks out upside and below 29.84 50 breaks at the downside and we're at 29.86 50 the down futures are actually up 67 that's very disappointing after the move on Friday it should be up about 89.98 something like that so we'll see how unfolds over the period of the day that sell off on Friday let me just finish this so the TLT I've drawn the same kind of rectangle formation saying that it keeps coming back into the 131 area pops out for a few minutes and come back in although it did make a PG 134.29 this is going to be important let's just do the TBT to show you something interesting the TBT had a very nice move from 28.21 up to about 30.21 and now it's trading at 29.32 stuck in the middle of the range it hasn't shown the kind of energy to the upside that you would expect if it's going to be a breakout so I'm convinced that we just at this particular point we kind of stuck in a range for yields and that's going to be important the Euro EURUSD trading right now there's another rectangle formation stuck in a range for any 1.121 the MACD and stochastic are trying to turn up if the price hasn't turned up so it shows a lot of internal weakness USDJPY this is the YEN dollar currency pair made an arch formation held on the right side but still stuck in a range at 107.92 it needs to break about 108.80 and that's going to be very important on a weekly basis for the first time in months close above the 9 period exponential moving average hasn't done that since April April the week of April the 26th at 112.40 and that was it that's the black line we're looking at in 200 period moving average of 109.82 should be a magnet and yet it's having a tough time I haven't forgotten the high grade copper high grade copper had a very nice move from 2.61 into the 2.79 area and now it's just stuck at 2.73 it's having a tough time already breaking out and holding the other thing that I want to look at is the Amazon because the FAANG stocks Amazon trading after peak D very mild pullback but it has gone under the 14 period moving average the MACD has finally crossed negative stochastic is way down 61% but the price is held if Amazon starts to trade underneath the low of the 18th 1951-55 under 1950 for 2 days out of 3 that suggests that it's in a consolidation phase FAANG means that Facebook we got to look at Facebook made a doji candle I call it the 2 really Chapman phantom peak these are highs let me just explain the high that was made at 205.30 on the 12th went to 205.33 on the 15th and then the very next day there's what I call a silent doji candle at 203 205-205 let me just go through it again 205.47 so that was a high so you had two little doji candles and a pullback it went under the 14 period moving average just about at 198.36 now oh no it's at 199.65 goodness up at $1.29 but the MACD did turn down Stochastic turned down weekly charts in both cases Amazon and Facebook still very strong if Facebook starts to trade under 194.30 at any point this week doesn't have to be a close just has to trade under that that's suggesting that we have got some kind of a shorter term top in place for Facebook that'll be Amazon as well Apple had some good news on Friday but then it turned down and closed the day at the low end of the run 203.89 right now the high on Friday was 206.50 let me type that in 206.50 if it goes even one penny above that 206.51 that kind of saves the day but it is really just sideways in a high level consolidation the technicals are starting to move down the price is holding so if Apple starts to trade under $199 let's call it $198.70 in the next three days that's going to say right Apple's joining the crowd of the consolidation let's go to next one is Google this is Alphabet I like to say Google this is not the trading share this is the Alphabet C stock and it's trading at high was 11.58 on the 15th I believe it was trading right now at 11.35 up 490 here again look at that red candle this is suggesting that if Google starts to trade Alphabet starts to trade at under $1,085 in the next two days especially if it closes under that anytime it's still stuck in a consolidation phase and that phase should continue in the den TGODF TGODF green organic Dutchman holdings all right trading at $2.46 yeah this is stuck in a range just be careful now I know that the question in the den has a very long term outlook and is prepared to sit back if things go awry if he has a longer term positive outlook I'm just going to say at $2.46 it could be stuck in a range I'd prefer to say between $2.40 and $2.37 that's where I would never let it because every time it's come down to $2.30 has been a springboard to go up to the $2.60 and then come back down again so that's the way I would play it if I was you the next thing GTBIF yeah this is GTBIF and that is green thumb industries I someone had mentioned this recently and I looked at it and I thought I can't get into this it's just there's something wrong with this chart it's great if you're there for the big spike but then it can take weeks and weeks just going lower and lower and then you think it's going to stop and then it goes lower this one I'm not going to say anything about I don't see anything in this trading at $9.10 it could have a little bounce but I suspect it has a little more greening to do before the thumb can grow so let's just put it that way let me look at GBTTC which is the bitcoin bitcoin trading up $0.12 right now the bitcoin funds $0.13.35 up $0.12 I'd say rectangle formation it should trade in this band for quite a while I'm just going to say if I get close to $0.12 I'm going to start a little position that's better to trade it that's better to start a position towards the 12s so the low 12s then up here at $13.35 and then you've got to just anticipate that it's going to bounce and then it's going to come back and do some retesting I think it's consolidating off the spectacular move from $3.60 to $17.40 I would say that a multiple of $3.66 to the $17.40 deserves some kind of a breather I'll be back Basil Chapman, Tiger Technicians Hour 22nd of July at $8.38 in the morning can you be repaid at $12.38 this afternoon and this part of it will be coming on at $12.38 hey market is holding nicely not great but holding nicely I'll be back the first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from $30,000 to $75,000 the interest paid is 7% 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6, 6 or 7 6 sessions it already turned down the MACD was very negative stochastic it already turned down it was under the 9 period under the 14 period moving averages and then the earnings came out in the 20s hey wait a minute now it's trading at $330.26 I discussed this in detail on Friday I said in Chapman wave techniques and I look at is how gap down unfolds over the following three sessions if there's a low especially a close below the gap down bar that usually indicates that the doji candle if there is a doji or at least the closing price in this case a doji sorry the closing price in this context on the 18th of $325.21 if there is a close below the low that was $320.30 there's a good chance that any bounce will stall at the close of that day and if it takes more than three sessions to close above not just the candle close but the candle's high bar of $329.85 that's usually a terrible sign saying you can rally a little bit there's a lot more work to be done before that stock really get going again and even try to fill the gap so let's just look at this negatively right now the peak D in the monthly chart weekly chart it made a beautiful cup formation you remember we talked about that in Chapman wave methodology that's called the drop bucket or the double top cup pattern and now it pulls back and if it goes 1.30 to half way below the cup high and cup low the chance it's going to test the low bar if it takes out the low bar be careful you could get a 1 to 1 to the downside and there would be from $386 down to $332 it's called $350 wow that can go even down to the $306 level maybe even $300 if there's no rally this week wow that's not good and a peak E in the monthly chart says that Netflix has a bit of a problem alright and I kept hearing people talking about Netflix as the company this is the one they've done everything, the raised prices was very good we look at Netflix periodically I don't know why I even have the thing but we do so that's that now I need to talk a couple of areas that are important to the general market could the IYT the IYT the transportation I shares index fund at $209.44 in September makes a peak F high in the monthly it plummets down to the $155 level in December has a spectacular rally to the $200 to 25% I mean that's really good to the upside and then it pulls back to the $176 area it pops up to the trend line and you can see what's happening here there's an apex forming lower highs and higher lows and it's coming into this look like a doji candle of this month we'll see because if the transports and I use I don't use them as doubt theory I usually use doubt theory as kind of an inverse relationship that if the Dow transports are actually making new highs with the Dow you got to start being a little careful because in fact the transports are moving up with the Dow I love that that's a good sign if they're moving down against the Dow in this case is all-time high that's really not a good sign it's just saying that the transportation and here I'm including XAL which is the L lines which had XAL which had a very a strong session earlier in the week last week and then started giving it back and then Friday closed in 2017 I was actually now done and that should be doing well I mean Crude Law is not an issue here and if you look at let's go to CSX which is one of the leaders in the rails what a big move a gap down here's the same thing we're looking about in Netflix look it took out the left side low off to the gap down to close inside Friday try to write anything close negative this down here in the 70 cannot get into the 74 area but in fact goes to 69 and the next day or two closes under 69 that's not a good sign that's the rails truckers isn't why a trucker why alganic court transportation yeah that's done very nicely that went to a peak C1 C2 double top at 7 10 and now it's trading at 693 C in the in the weekly with very good technicals and the monthies the Allegheny core trading at 693.12 this is going to be a good clue because there's been a real mixed market being truckers in fact some truckers have done lousy and some have done really well so we got to watch that next thing I want to talk about is within the context of the various indices I've been discussing this for some time but the excel air food I consider not so much yield related but in an area in a category that is a little bit independent look how it's held almost independently of the market it's holding it's not doing anything great at 2794 it's made a peak E in the daily chart leg D last week in left side right side price time match it has not been able to get to the 2907 high September the week of September the 21st plunged down to 22.05 7 points that's big over 20.7% so to the low of the 28th week of the 28th of December 22.05 but then it rallies up into the 27th so I like what I'm seeing the high of 28.0 28.35 of the 15th it's kind of held okay sideways now let me just tell you that if at any point in the next two and a half to three weeks going to kind of a mid-ish August if the XLF S&P select financials is able to push into the 2890 2920 area that will confirm for me that it is a little bit independent of the market it's not a leader it's not a failure it's just doing its own thing and I like that independence if it takes out 2720 support starts to train 2680s I say you know what this is not great action they are really sluggish and then that would say to me maybe our bank stock that we've got which is done very nicely is going to be vulnerable to some selling but so far I like it question in the den oxy there's occidental petroleum trading at let me just there it comes 52.59 oh I did not you know I lost some data it's there it's in another chart it's just not in this chart so let me just do this quickly data is gone peak A peak B recycle recycle A and B again A oh now starts to see and it's in leg D at 52.33 this is good action really chart says what good action this is just coming off the bottom but I do like what's going on and I'm suggesting to you the question again just an oxy analysis just says it's made a peak C failure in the monthly chart and went from the 58th all the way to the 88th and then made a peak C minus went to a lower low keep an eye on this now the question is would I buy it here or would I not and the only question is buy sell or hold and I would say to you at 52.33 I kind of like what's going on if it's treated as a dividend stock this is the way I would do it if it could pull back to the 51 80 50 51 50 area I would suggest that if you put in a stock of one point which is 2% and it is a 4.20 say dividend I think that that's a good risk reward because it's trying to get off the ground very slowly but it's not a great pattern therefore you have to have a stock say yes I like it it's at a 50 period moving average resistance oxy trading at 52.59 I'm going to say a little bit of a pullback here you can start a position on it but have a one point stuff but it needs a lot of work for the month in between I'll be right back that's what's happening if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from $30,000 to $75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20 is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four year period that same $50,000 investment in the Tiger first mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 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TV that's TFNN dot com then hit watch Tiger TV for the latest market information folks we got we're back and we got just a moment here we got John on the line hi John how are you Basil thank I'm well hope you're doing the same two quick questions for you please the US Treasury 10 year and 30 year yields can you show the Chapman wave counts on the daily and weekly charts for both and the technicals there and tell us do those support or signal still lower yields to come please I'll hang up and listen thanks so much OK very good John so John for you want to know about the yields let me just do this bottom the way I'm looking at it right now is that the pattern that I'm looking at at the bottom suggests very strongly that there could be some more testing at 2.546 on the TYX the 30 year and the TNX I think he asked me about the TNX the TNX right now I've got a little bit more information on that with the notation a little doji trough D yes it seems to me on the shorter term yields are going to go it's pointing this way the yields could go a little higher and I'm being shorted to him over the next two weeks maybe three weeks there's a chance but at the same time the monthly chart is suggesting that the yields are going to be stuck in the lower range this competition for yields right now to see who's got the lowest yield so that's what I'm going to say to you shorter term a balance but stuck in the range at this particular point going towards the lows and I think the feds are going to be forced to actually try to lower rates just keep in mind this is my show that's going to be recorded and played at noon and the Dow just watched 26,950 a support this week on the Dow closed below that says yep finding you've got a sell signal to sell more have a wonderful day and stay tuned for a very first event coming straight up or it'll be Steve Rhodes if you're listening to the record and show it to you have a wonderful day I'll be back at the same time tomorrow morning earlier then