 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. Good morning, everyone, Basil Chapman on the right here. Cold but bright and breezy Monday here in the Boston area. We're looking at the Dow. Dow 18 at 34264 after the spectacular move on Friday. Going to a leg B. Let me just go through a couple of things in a moment. Let me just run these down. The Dow is in leg B. Maybe it makes a peak B if you can't get about 34,310. It's trying desperately to do that. You've got quite a few Dow stocks that are just showing. Oh, Boeing is the one. Boeing is up eight at 205.12 over the 200-period moving average. So this is what I was talking about over the last week that we've got within sectors. You've got rotational corrections. And the sectors that were weak have had some nice balances in certain stocks. But within the sectors themselves, for instance in the PPA, which is the PPA is the Invesco Aerospace and Defense portfolio. I didn't update this with the notations. I looked at it and I forgot to update it. This is, there's your up arrow. It goes to buy signal, pulls back sharp. It goes to A, then a B, pulls back very sharp. You're under the 200-period moving average. And then what does it do? It goes to C. And today it's in leg D. So what I want you to say is going back to Boeing, is that within sectors that have held well, you've had some stocks that have been terrible. In some sectors that you've seen very poor action, some stocks have suddenly over the last week or so had a spectacular move. Are we looking at Shopify as one of those? Yeah, Shopify. Look at that. Down the fraction today, but wow. Got beaten down. Even just you take the 70s, the last big move back in July down to the 45 level and then up to the 200-period moving average. But this was at 176 back in November of 2021. Boeing's the same thing. So Boeing gets smashed. I mean, just the last move down from 240-ish to 170s. And now it's a 204 with a big move up today, a 4% move in the monthly chart. It's just sideways, the weekly chart. That was a big move. So what I've been saying is within this context, if you're able to identify the stocks that either have been extremely weak or now having just a kind of, not just a relief rally, but a potential turnaround that's going to help that sector, Boeing is one of those. It was acting quite well the other day, but not good enough. But if today's move holds and I go all the way through to Friday, Boeing is actually holding above 201. I would prefer to say above 204 where it is right now. And it's actually hit 210. That's a change in dynamic. So this is what I wanted to go through. So within the context of all the different sectors, the Dow, the Dow 30 is no but the Dow industrials. You have to look at the XLI. The XLI is, in fact, a more formal S&P select industrial spider fund, even though they don't have only industrials, they have enough that I can call it more an industrial. The Dow is just the Dow 30. I love it. The Dow 30 and it's got a really nice mix with it. So in the meantime, I went to Dow, the Dow chemical didn't mean that. Well, even in the chemical area, you've got some that have been absolutely decimated and you've got a couple of others. Oh, I had it on top of my tongue. Memory, I should say. I can't remember what it was. There was one chemical that I was looking at over the weekend that had a really good rally. So this is a very mixed picture. So within that context, let's just go back to this. What we're looking at is the Dow pulling back just a fraction. And it's just got enough Dow stocks. I mean, Disney is exactly in the category I'm talking about within a sector that held very well the Dow. And then this particular stock gets slammed going from over 100, about almost 120 back in May or so of this year. And then it tumbles down to 78, 71 on October the 4th. And here it is at 88. This is a nice turnaround. It doesn't mean to say this is it. It just means this is a big move percentage wise 78 to 91. I mean, percentage wise, that's good. Okay, now let's get back to the story because the story is we've also got to look at what are the technicals telling us in each picture. So look at this. The Dady Dow has the ninth period way over the 14. It's way over the inside track. Repallant zone is now the propallant zone. That takes you to the 32,930, 32,780 area. So in this particular instance, filling the first gap we're taking more or less towards the 33,790. Let's call it 33,800 level. That we're filling the first gap. So we're always looking. There is an expression that we've used for decades and decades of three-gap play. There's a whole panoply of scenarios under which this particular scenario is a viable one. And basically it says there's a huge gap to the upside, then another gap to the upside. If that ever turns around and comes back and fills at least the bottom gap, then what you've got to look at is a whole array of things where it could just suddenly turn around and break almost one to one to the upside. There are a lot of things. I don't like to do that. I like to go one step at a time. The first step is what will happen if the Dow, for whatever reason this week, let's say, bonds sort of drop even further and yields go higher. What's the scenario that we're looking at? The scenario we're looking at is you cannot rule out that once you break the 200-period moving average, now you start looking at that gap. But the three-gap play, as far as I'm concerned, none of this really fits the way I look at it. Not the sideways move where you just went normally higher from the high that was made right here at the inside track repellent zone. The outer repellent zone is 33,000, sorry, 34,161. Well, this is very good action with 600 points above that. But look, it's taken one, two, three, four, five, six sessions. You've basically gone sideways. You've got a very serious now, very short-term wedge formation with resistance. It's very clear where the resistance is on the way up and on the way down. I think you're kind of trapped just for the moment. If you're trapped right here, that doesn't mean so you have to break down. But as I said, the upside is kind of limited just at this particular moment. And if we start to break to lower lows, then you look at this whole candle. That whole candle represents support. And then you're talking about under 33,000, say 490. That's serious stuff. I like to go one step at a time. At this point, I have no reason even to think of this gap down, the gap up on. So right here, below 33,500, or below 30,000, 480 actually. I'm looking at this consolidation here. How does it represent what happens? Let's go to the weekly chart. The 9-prim moving average is still very weak. The mag is still very weak. The stochastic is still very weak. The on-balance volume is good. There's a lot of work that needs to be done to see the weekly chart start to become almost like a bicycle that goes to a buy mode. That particular point is still digesting huge gains. Monthly chart is improving a lot because a green 9-prim moving average is still holding very nicely. That's just one. I don't want to spend the same time on the others, but it is important to look at one other, and that's the QQQ. Why? Because the QQQ has a different pattern, and the dating weekly and monthly are actually very close. I'll be back in a moment. Downs down 32,000. Downs 18,000. Good job. I did a good job. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today at tfnn.com. Educating investors. The Gold Report As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, The South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com. Tfnn has launched the Tiger's Den. Hosted at Discord. Tfnn has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. The Tiger's Den. Available to all tigers and tigeresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks. We're back. A couple of things I wanted to go through is this daily chart of the QQQ, the NX100, basically it's the Invest-QQQ Trust Series. Very strong move above the inside track repellent. It's now the propellant zone. The price is way above the green nine-period moving average. The green nine-period moving average is way above the 14-period moving average, making $369.90 and $367.06. The containment area for that, those techniques, that happens to correspond exactly to the green and red, sorry, green and pink inside track repellent zone and NASA propellant zone. The MACD is fabulous. Look at that, expanding histogram. The nine-period moving average, sorry, the stochastic is at 93% and flat, fabulous action. Unbalanced volumes are tad overboard. So, within that context, look at this cup formation and I drew this in some time ago. I don't think it's going to be accurate, but I just, I did it, I didn't know any other way that I could do it. I chose a particular candle. In fact, I think I missed the, I typed it in, I did one bar soon early, it should have been right there. So, this should go, oh, it doesn't really matter. It goes to, there. Okay, and you've got the inside track repellent, this is the inside wedge target resistance line. And you've got a little cup, maybe a little cup in hand a lot, really, you need to get all the way to four or eight to do that. Now, this is really important to me because the MACD in the weekly chart of the QQQs is still, it's got a long way to go to go positive. The histogram is still negative. The nine has flipped through your last week and flipped to positive, and that's nine over the 14. And the stochastic is just okay at 52%, the on-balance one is good, not overboard, just very good. So, this is to me, this chart that you've drawn with this cup formation, which is the inversion of the dreaded H pattern Y, because if it takes out the height it was made, the week of the 21st of July of 187.98 and closes above it, certainly if it does that for two out of three weeks, consecutive weeks, then all of a sudden you're looking at the next level of resistance, which is somewhere around the 400 area, and then you can go all the way to four, eight, seven, one. So, it's a work in progress, number one, number two is the technicals in the weekly chart haven't confirmed, and now we're going to do the same thing with the monthly chart. The monthly chart, here's this pattern that I call the falling ax in the weekly chart, it broke above it, which says you can go one-to-one to the upside under certain conditions, but you're going to have to have that MACD eventually cross positive, and the monthly chart has the same pattern, slightly different configuration because of monthly chart, and it's got the falling ax, that means it's made lower heights and much lower lows, and now it's trying to form a cup formation, cup formation, to be able to tackle the resistance line and break above it. So, all of these are saying that the QQQ, which has the meta, meta, doing quite nicely, has its own little cup formation, which is the double cup formation, and in fact it's in a leg C in a buy mode in the daily. It's probably, it's gone to a leg C in the weekly chart, and you've got a leg B in the monthly. This is still very positive. What have we got here? We've got meta. We've got apple. Apple is not as good. It's in a strong leg C in a buy mode. Let me put the up arrow in. The up arrow means a buy signal confirmed as a buy mode under certain conditions, and the weekly has rising highs and rising lows, and now we can forget about this particular line right here. It's already done its job, and we can talk about this rising chart, the rising trend line in apple, and this is still apple. It's really not anywhere close to as innovative as it had been even 10 years ago. It's more a little stodgy company that's making adjustments, but it's got the product and it's got the residual monthly fees that everybody's paying, and that just says the 200 area would be a target, 188.23 was the last major high, and we'll see if it's able to make the cup formation to get there. It's doing it a little differently to some of the others, but certainly it's making, at this particular point, in the daily chart, higher highs and higher lows, helping the weekly, the weekly is helping the monthly. So I don't want to go through them all. I do have to speak about apple, sorry, Microsoft. I had a question about Microsoft. Where do I think the support will be? Let's just do this. So yes, your cup formation, beautiful Chapman wave, left side, right side price, time match. There's the plum line that I chose from the 366.78 high of, I think it was June, June, July, and then it pulls back all the way to the 309 level to the nine period exponential. Sorry, the 200 period moving average of the daily chart, and then it went to the exact day and exact week to this left side, right side price, time match that I had made in the daily chart. There's this midpoint that I chose and there you go, and it hit to the day. And it went to 366.78 and then it went above it to 370.10. As you mentioned, yeah, we are long and taking a little bit of profit off. But this is the area that I said I'm looking at as the inside track repellent as the same as Apple, that rising trend line. And it got there. It's got maybe another point or so to go 370.1-ish. But this is really important. Why? Because look at the time period that it took for this big arch and this little tiny little handle, rising handle to take place. So I like the fact that Microsoft's pulling back gap down today, down three at 366.67. That tells me that as a benchmark for the Dow, although this is in a leg E, I can give it an alternate count there's no need to. It's a leg E or maybe E slash B. In the daily chart, E slash A, I said I'd talk about it today. If I get to it, I get to it. Maybe I'll do it tomorrow. But what happens when the gray A or gray B goes to a new recovery high, if you haven't taken out the load, the starting point of the last buy signal to buy mode, then you continue the letter. But you have it as an alternate count and that is a very important aspect. I'll get to it maybe either today or a little later on. So in that context, what I am expecting and Microsoft is telling me, be prepared for some kind of a pullback here. I've never figured out why when the mouse moves a little bit, I'll lose all my charts and it goes to the background screen. It doesn't matter. So that's important. Now I needed to show you something else. Gold is pulling back from its high today of 1946. It's in 1939. Not a big deal. But it's really struggling. Remember that my contention was and I discussed this in my overview video for my subscribers, my all-on video that I always do on the weekends, discussing what we have, what we're looking at, what's happening, the aspects that are important to me. Gold is pulling away from the 200-period moving average. If you look at the weekly chart, it's really not a very, very positive. It's not very negative. It's not really positive. It's just sideways consolidation. But my contention was, I spoke about this on Friday, that gold is an instrument that is kind of the go-to instrument when geopolitical tensions arrive. When they're really high, that's where we go. Or XLF, and I need to show you the XLF, when the XLF, the financial, American S&P Selects, Financial Spider Fund, when that's tanking, you'll see money go to gold. Safe havens, right? This is a little different. I think that it's because this ground activity in the Middle East, in Gaza, it's different to the type of warfare that one would see that would make gold really sold to the outside. That's my contention. I'll be backed out. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Hi, so we're back and I'll tell you a couple of things, but look, when you look at High Grade Copper, if this is really the big move that takes us to new all-time highs, at some point, I would like to see High Grade Copper, which is, what am I doing wrong here? HG? Yeah, High Grade Copper is kind of at the lows. It's monthly charts. It's not so bad. Weekly charts, it's up to dreaded age, and you've already taken out the left side low a couple of times. Trying to rally here needs, the technicals need to very quickly, in the daily and the weekly chart, need to move very strongly higher so that High Grade Copper 3.64 actually starts to go to 3.75 and then it's going to be moving average of 3.81. If and when it does that, that'll be, at least for me, a sign that you're getting, you might just have the Magnificent 7 moving up with isolated stocks, as I said, the Boeing was looking terrible all of a sudden, some good news and now it's moving higher. You want to see the XLF, the financials moving high. You want to see High Grade Copper moving high. You want to see Wood, high shares of the Global Timber and Forestry ETF, which has been kind of a sideways move at 74 really starts moving to the 77, 78 area. To me that would be a good sign. I'm not saying you can't do it, I'm saying that's what I'm looking for, for a confirmation of the bigger move. I think I just hit a ping and we're going to Garo in Newport Beach. Garo, how are you? I'm very good, how about you, sir? I am well, thank you. You'd like to look at? Yes, sir. Regarding, I'm calling regarding SQ, if you have the time, have a look at it, please. I traded that square on the first starting November the first at 120 minutes when the candle hit the upper dot and the dot moved down around $41. I traded that from $41 all the way up to $52. Now I see that at 120 minutes we have about five dots from the top and MACD and SQ, especially MACD, it's rolling down. You think the party is over or the rallies keep continuing? Well, first of all, let me just, I haven't got it on my 120 minutes. I did have it on one of them, but I took it off now. I can't remember. S-A-R... Let me just check in the dating chart what is called here and I'll get to it. It's got a different name in Trade Station. It is called the format. Why is it missing it right now? Oh, there it is. Oh, the parabolic S-A-R. Yeah, that's what it's called. Let me just get that right here. I'll put it onto my 120-minute chart. Insert, indicator, P. Parabolic. There it is. Parabolic S-A-R. Click and we're in business. There we go. Okay, so for the last one, two, three, four, five, 120-minute bars, it's been pink. But, Gero, what I would do... So what is your position right now or you have no position? No position at this time. I want to go short, but it's not... It's not to my... It is not the way that... The position is not there. The chart is not there that I shorted. I will short it when the candle hits the bottom line, which is going to be somewhere around $50.46. From there on, the short will start for me. But I'm not sure about it. Okay, so now I don't know if you can see my chart. I've got a peak E in the Chapman wave from the starting point back around about the October 27th or so. And now what's happened... If you look at this chart, I would not consider this a short at this particular time at all. And I agree with you. It would have to drop, but for me, it would have to probably drop under $50 to get that green nine-period moving average pink. And right now, it's very strong and it's green. And you can see, even with the little dots of the parabolic SAR, you haven't gone anywhere. You're just in this rectangle formation. So, yes, it could go a little bit lower, but the dating chart and this 120-minute chart is suggesting strongly that it's going to go to a leg C in the dating chart and that would be above the high of 5335. So, 5335 is almost two points above where it is now, but it can hold here. This is just what I would call a digester phase so that the direction that I would be working with in square, which is now called block and used to be called square. I can see a little dip, but my guess is that the dip is really more a momentary slide before it actually starts to run up again. So, my eye just says, I don't see it as a short. Now, I know you used your technique very well. I don't want to influence you to say, don't short it, but the low today is 50.86. It's already almost a point above that. It really doesn't want to go down from the look of that 9-period moving average. And I know the MACD is weak in this stochastic week, but I put a lot of faith in that 9-period moving average and it's strong. So, I don't really see it, but I'll tell you this, if it's able by the end of the day, the day is young, the recipes come back to minus 11. And I'm just going to look at this and I would say to you, I'm going to go to just real quickly because I know you also like to look at the shorter-term charts. I'm going to go to the 10-minute chart. Square, there it is. Square, moving, making higher highs and higher lows in the 1-minute chart. Peak A, peak B, leg C in the 5-minute chart. Just the leg A in the 10-minute chart, but it's taking out all the rest of all the highs from earlier on. It's made a new high. No, I like this. I'm not in the short camp, unless it's a real quick 70 cents or something like that. I might be wrong. And as I say, the day is young. There's a lot of stuff going on because you've got new leadership on the day. Even Microsoft, which needed a rest, only pulled back three and something else down only two. I kind of like what I'm seeing. So, I'm just going to say to you, I wouldn't be shorting Square right now. In fact, I'm probably looking more towards buying. Mr. Bejel, by looking at the daily chart, there's a way that you're explaining to me that this is not too short and there's a way to go higher. On a daily chart, you think this will get to a 200 EMA to $60 in time, not today or tomorrow. But in time, you think that will get to $60 or not? The first... Well, it is close to $60. The 50... Yeah, $59.22 was the high on the 6th of September before it really started to tank. So, I go one step at a time because for me, the next level is the doji candle of the 13th that has a higher $54.58. So, all of those levels are suggesting that I go one step at a time. In fact, why don't you hold on a second? I'm going to do a little work and then I'll give you the parameters that I'm looking at. Can you hold on? Yes, sir. Yes, sir. Okay. Because I'll be back with Yara. We're looking at the Dow down 17. This would be down 12. We're looking at Square, which is block. I'll be right back. Old report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN Educating Investors. Biotech three times! Bull and Bear ETFs. Visit Direction Investments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the Direction Chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs at 866-476-7523. 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, Foresight Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Opposed we're back with Garo from California. We're looking at Square, Block Informally Square, Point-of-Sales Software, Managers Receipts. It's also Coin-Based. We're looking at, as far as I'm concerned, I'm doing this, it's a little bit conservative, not quite as aggressive as I would normally be in a pattern like this, and I'm suggesting that it's holding extremely well. The stochastic is flattened, 88%. That's exactly what you want to see. When it's in a buy mode. And it is in buy modes. It has an up arrow, and the reason being it's way above the 9-period moving area. It's the 9's over the 14. The MACD strong stochastic is flat. One balance isn't yet overbored. I like it. So I'm looking at this, and I would say to you that based on the work that I've done, the high that was made back on the 15th of September of 5408. I've got that as a target by about the 21st, 22nd of November. So I might be wrong, but that's kind of the way I'm looking at it, especially since even the 120 minute pullback has got a strong 9-period moving average over the 14. So not to say that it couldn't short if you're just real short and waiting for a quick pullback, but I would say any pullback probably looks to me like it's a good opportunity to enter for a long position. Hope that helps you. Yes, sir. Yes, sir. Thank you. I wrote it down, and I'll see how it goes, and then probably I'll call you sometime by end of the week or next week. Thank you for the time I'm listening to me. My pleasure. Hope it works out. Thank you very much for calling. So folks, you see how the balance coming back? This is really important. We had a very important position we wanted to take this morning. We wanted to buy quite kind of aggressively, but a small position in a particular ETF and I always I say chuckle, but actually it's upsetting because it went I said to buy it under a certain price and went right to that price, didn't go one penny below, but it actually still not acting well. So it's still in play and a bunch of things happen if we do trigger that entry point. So I'm looking at this and I'm saying, are you just teasing me market? What are you doing? Always going to take off now without us in this position. That's just the way it is. I put that's the number I wanted. I made a change from a lower level. I said, no it's it's it's holding very well. Don't get too carried away on the slide because buyers are there. Buyers keep wanting to come in. So now let's do this. I wanted to show you where was it? Yeah, so look at this I showed subscribers over the weekend. I said, look, simtas is at all time highs. This is overalls uniform rentals. Uri which is the also rental but it's different. This is united rentals is kind of big equipment is holding very nicely. It's got the charming falling exclamation. The week has just started and it's trying to get out of this resistance level. But remember, if you're not anything about trend lines, if you're anything about channels there's a whole of things you have to look at. It isn't the first move away that says, oh this is it. No, there's a whole process that has to be done. So this line, look a trend line could get to a downtrend line to get taken out just on time alone. The price hasn't gone anywhere, but if you're moving to the right, that trend line is going to be hit. That's the more. Number two is within this kind of context, yes, you've gone nine, moving average has gone positive in the weekly chart. MACD hasn't turned positive yet. The stochastic is only at 45%. But the dating chart we've seen so many charts like this. Now I wanted to show you something that I think is an educational thing in the Chapman Wave. There's so many of you using Chapman Wave now. I need to do this more often. See this inverted Chapman-Roman candle right here at the low of October 26 after 387.01 I'm going to type that in 387.01 87.01 on October the 20, what did I say, 23rd or 26th or something? I think I said 26th. This was type 26. I'll change that if I'm wrong. So that cannot be A. You cannot have the high and the low at the same time except in the Chapman Wave instant restarted PD. That is not an A. No, no, no, why? Because you haven't made a trough. You haven't started the upward count. You can only do that on the next bar if there's a higher low. So this is not A. Never start your A on the low that makes a higher high. It's after that that you can start. So this is not A. No, no, no, no, no. Where is A? Well, you can start it on the 27th. That's your starting point. Colour just red just so that you know that I'm talking about. Now you get a grey A right here because you've made your trough so the very first high becomes that A, grey A. I'll change it to grey in a minute. But that becomes a grey B. But now the stochastic's over 80%. The MACD is good. The 90 is way over the 14. So that B isn't a grey B anymore because it becomes everything's a blue. Now this is blue meaning you've got a buy signal to buy mode and that URI daily should go to a leg D. That's number one. Weekly chart is improving. But look where it is. United Rentals Inc. It's at an all-time high. Just under 500. Four months ago. Pulls back down to the 315. So it's a 20. Not quite a 20% decline. But look where it is now. That's fantastic action. So the economy, I don't know what the Fed could be thinking because if you look at something it could be horrible. If you look at something else it says, what are you talking about? That's fantastic. The other one I want to look at is waste management. Why? Because waste management, with the economy is really bad, eventually waste management pulls back. Most of the time waste management is trying to move to the upside. And yesterday's 173.71 was the high in June. 175.58 was the high in August of 2022. And here we are. Where? 172.20. Well, the economy is not that bad. So all I can say is this is a very mixed market depending on which sectors you're looking at. And within that context I'm just going to do this because I want you to talk about the semiconductor index as also another benchmark. Look at this. That weekly chart making that almost a beautiful cup and handle. Not quite a cup and handle. Which says yet I don't get too carried away with these things until it breaks out. If it breaks out invariably the handle gets filled at some point. So within that context, look at this. 155.7, I should say we are still short. We have taken money off it but we are really close by pennies getting stopped out of at least the second to final position on Friday but we haven't yet. But this is telling me that the semiconductors and I consider the semiconductors really important. I expect that they are telling us about the general market because the semiconductors are the that's the crude oil of the 21st century. It might not be in the 22nd century but at least for now it's still very important. But chips have taken over from crude oil and they in everything. Everything that counts. And right now this is a really important thing. 161 was the old time high and here we are at 155. That's pretty good action. I'll be back in a moment. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. They must have tool for every trader out there striving to find an edge in today's markets. TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk free with our 30 day money back guarantee. Just visit the newsletters tab on the front page of TFNN.com TFNN Educating Investors You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible to get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors on Fibonacci 24-7 newsletter at TFNN.com Then hit watch Tiger TV. So a question came up about Palantir Technologies and BLTR down PCIMS in 1964. So this is, let me just do this over again, so this in fact is now in a buy mode with a flat stochastic that's always really good to see is going to peak A and peak B it's in a leg C it should go to a D. I think it's by one penny 08, 08. Yeah, so this is a leg A going to peak A now this is a leg B now the question is, is this because it didn't take out the low of where was the low 1368 on this pullback does it mean say it's a continuation pattern I'm going to say I'm going to leave that out for now because it has all the ingredients of a new buy mode. I might have to change that to an F slash B but I'm calling this a B right now a buy mode and it's in a leg D in the this is what I drew the other day for an F side right side price time match who should have gone to last week of notes oh gosh I should have done that to that low right there. Yeah, okay so it's got this week it was either last week or this week that it should go to 20.24 okay so it's looking very good it's doing the right thing and look at that gap it hasn't even looked back to it'll fill that part of the gap at some point but not yet so yes it's looking very good I hope that helps you now just before we wrap up Larry Percevento Wednesday trade what you see all morning live webinar it should be fab and wow what a market to be doing this in so you go to the front page check it out you know with Larry you're always there to try to make your money throughout the webinar it should be a great one I'm going to hand you over to Steve Rhodes another wonderful technician and there we are wrapping up and I'm going to say to you watch this market closely the biases keep coming in so those gaps in the downside go one gap at a time if you're thinking of the downside have a great day check out more of your GORMA data see you tomorrow