 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Good morning, everyone. Basil Chapman here. This is the Tiger Technicians Hour. It does up 75 or 32,506. I liked the action yesterday. I liked the action the last couple of days. The day is very young, and we've still got to end of the month, maybe buying coming in. You never know, but that should start either later today or tomorrow, the next day. Maybe going into early next week, but as I'm looking at it, I like what I'm seeing. I'm not major bullish. I'm just saying I like what I see, and I think that the market can push a little higher. I prefer that it's not just led by the Dow. I would like to see the Nasdaq actually running much better. It's not right now. It was the other day. Now it's suddenly stalled. I don't like the fact that the estimators, I think advanced micro devices, part of it is down four at 247.70. That means this could be an alternate count. E slash B right here. I don't want to do anything other than place it on the chart. It is a leg D, possibly a peak E this week in the weekly chart, and that's going to be an issue that I need to monitor very closely. Let's go through the numbers. Let me go through this again. INDU, the Dow, which we have added to in terms of long positions, is trading up 84. The S&P is coming back a little bit now. It's only down two and a half. It was down 10 just now at 3975. You can see this chat wave inside track. What a nice technique this is. Look at this. I just drew a trend line from the outer levels of the candles. We might hit the body of one and making the wick of another goes a little higher, but basically I'm looking at points of contact that's really important. And then I draw a little like 316s below it in this case because it's a resistance level. I draw a little resistance area, and that just says we're not touching the red line, and that's kind of, it's important, but it needs very much to get into the body of this inside track, and that would say that I'm just moving it. None of this is automated. It's all me. It means that there's 200 feet moving average of 4,000. It needs to be hit today. I think that we're running out of time. We've already used up four sessions in the consolidation since leg C went to a peak C. My rule of thumb is 1, 3, 6. If it's just one bar rest or two bars, and then it goes to a higher bar or a lower bar, that's exactly what you want to see. If it goes to 3, well, that's okay. Once it goes to 4, 5, and 6, it says, wow, if it's going to really trigger another big move up, that's almost like a separate move. That D could then start to go EF and then alternate count, et cetera. So, yes, it could be good, but I prefer if today we'd see a move above. Yesterday's have 4,000 and 3.83. That's a big ask. We're only down, we're at 39, 76 right now, but we'll see. The day is, yeah. So, here we go. Down's up 100. I like that. We're looking at the QQQ. This is what I was saying. Stalling here. Is this also going to be an alternate count? It really can't be. Well, this could be an inside. Let's have a wait. There we go. Yeah. That could be an instant restart. So, that's E-A-F-B-G-C, but look how long we've taken and then that would get to a D and that would stall. At this point, I'm calling it E-B, and that says the MACD is good. The SCACASTIC is good at 79. It's just under 80%. The rent of strength is weak. You can see the little gray line there. Unbalanced volume is very good. A little tad overboard. And the 90s, way above the 14. I like what I'm seeing. That's all I can say. And looking at the weekly chart, you've got this, oh, I took it away because it's starting to look messy. I'm going to have to put it back. So, this is going to be my rectangle formation. That we've got a lopsided cup formation, like a gravy cup, and that means you came sharply down and are making higher highs and higher lows. And it says that by, oh, if I had to do a measured move, it says by about April the 23rd or maybe later in April, we should be testing the high of. Yeah, we go to the high that was made the week of the 19th of August at 334.42. Oh man, that's a big ask. Anyway, that's what I'm looking at if this is going to continue making higher highs and higher lows. IWM, the Russell 2000, I want to do this and they've got a lot of stocks that we want to look at. Questions came in. I'll do them right now. IWM, nice move up today. Up 67 cents to 174.35. But that daily chart and the weekly charts are very, very poor. I need to get to this quickly here. Gold's given back some of the gains. Still up eight at 1962. My thinking here is that 1938 is going to be a test. So close under 1937 says you can go a little bit lower than that. Most importantly, what we're looking at is if you're looking at gold and silver together, you'll see the silver's holding way better. It's made a P.D. and it's up 0.03 and 23.17. You know how I like to look at the gold and silver. Gold sometimes leads and then silver kind of lags and all of a sudden silver looks around and says, oh my goodness, there goes gold. I'm going to follow it and it follows gold. Then it starts to actually act very well. Then gold's taking its time. It says, wait a minute, silver's good. And then silver stalls while gold catches up and then they both come down. And now what we're looking at is this consolidation in gold and silver should go a little longer. We're also looking at the dollar. The dollar, let's see what it's doing today. Dollar is down. Oh, where did it go? Waiting for the dollar. Let's go. Dollar's not there. Let's look at the U.U.P. The U.U.P. is a dollar bull ETF. It's down. Four ticks at 27.91 off to the doji candle. P.D. high round about the beginning of March. So yeah, the dollar's really not doing very much. E.U.R. E.U.S.D. Got to get these out of the way. Nice balance, but it's sort of faltering here. That's the euro dollar. 1.081, up 0.002. Making a cut formation, but so far that cut formation isn't following through to the upside in the weekly chart. The monthly sorry to improve a little bit in the U.S.D. J.P.Y. That is the dollar bull. Big pullback from the P.G. doji candle round about the fourth or so of March. Pulling back sharply to 1.30. That was the test. 1.29. And now it's at 1.31.09. I doesn't seem to have the strength to move much higher than this. Maybe 1.32, 1.33. I don't think you can get to 1.33.89 in this move. That's the Georgia period. Moving average. Also what we're looking at here is the, I just want to do a high grade copper. High grade copper is holding in that shaft wave inside track, repellent zone right there. It's right on the line. Can it get higher? Well, we'll see whether it does. But right now it's at 4.08, up 0.01. Holding quite well considering. Now I want to just go to the TLT. TLT is bonds and even 20 year treasury bond fund down to Texas at 1.04.32. And that's to say that the yields are still within a range. And as long as they're in the range, that's not too bad. They haven't broken out to the upside. That's the most important thing that we're looking at. But with the TBT, making the second of a rectangle arch formation. So it's making an H to a lowercase m. I'm going to be watching this. This is basically the yield stock of the Jones appeared moving average. If the yields start to climb to 20, it's a 29.05, 2.905. If they go to 2.9, except that's a big 10. In the meantime, they're not. 1,097 off your right back. 1,000 chapter. A lot of stocks to lift that soon to return. See you in a moment. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. 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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. This is a programing hosted by a variety of professional traders during market hours. The Tigers Act. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. We'll show you the 10-minute e-mini made this unusual peak G with the right side being much weaker than the left side at about 10 o'clock when it was at yesterday. 10 o'clock on the 27th. And then it pulls back, makes a cup formation, goes all the way to peak A, B, C, D. Remember the chapter where you're always looking for a bi-signal to get upgraded to a bi-mode so you can go from peak A to B and then C and D. D is the objective. You can go higher than that. But D is what you expect in a bi-mode. And then it turned down sharply. And it stayed in a very narrow rectangle until it broke out at about 2 this morning. Went to peak A, B, C, D. This is a 10-minute chart. And then it had another sharp pullback. And it ran up to the 200-period moving average, got repelled right at the 200, which was fantastic support all the way through the evening. And then what happens? It breaks down and goes all the way to 39.94, round number low. And now we're trading at 4,007, still right at the 200-period exponential moving average yet again. But this time the technicals are a little bit... They're building rather than... My rule of thumb here is when the stochastic goes above 80%, and then quickly turns down, you've got to be very careful. This way, the stochastic's running nicely. The on-balance one's working its way up. Magnus turned up. The histogram is positive. The 9 is just a 10-minute bar. So I can't talk as if it's concluded. But the 9 has crossed over to make it green. And that's an important thing. And you can see here. Now let's just get going because questions came in. Yesterday I said I'd be a little careful of being in puts in the FXI. Am I getting this right? Yes. There we go. In the FXI. There it is. And that's the China large cap ETF. And within that context, FXI, I said, I think that if I'm correct about the Dow rallying, I think that the FXI could also rally. Even though it's looking very poor, but I think you could have a sympathetic move to the upside. And there it is. Just pop to a leg cease. And let me show you what we're doing. Can I put an up arrow? Well, the stochastic is 68. So I am going to put an up arrow. So it says that it should go to a D. There's your peak A. That's great peak A, great peak B. And today I have to confirm that it is a blue C, meaning we're in a buy mode. And then we should go to a D. 29th, 68th is the 200-period moving average. We're at 2899 right now. I'm not sure it's going to do it in this move, but that's what I was looking at. Then the question came in. And I didn't get a chance to do what a pity. Yesterday, Baba, that's Alibaba, which is also, and I said, some time ago, I said, okay, Alibaba's made its big move now. It was once in the 300s, promised down to the, I think that what was that, 50s, 50 area. Then at a huge rally up to the 120s, then it came back to this 80 level. I said, I wanted to say that it might move with the FXI. I didn't get a chance to do that. I didn't know anything about it having a six for one potential split or at least breaking up into six different parts. So this is gray A, gray B. We haven't yet got a confirmation that it's blue. I am typing in blue at the moment, but that's what I'm saying, that it is moving up very sharply. And these sudden moves, this is the moment that you can expect sudden moves. And it says it's going to be very confusing all around because it looks like this is the big move. And it's not really, because until we've got some resolution of the XLF, so the XLF was another question. XLF is the financial, S&P Financial Select Spider Fund. Excellent, there it is. Nice pop-up yesterday, holding quite a stage there, up five cents at 3147. When you think that this is the whole finance, this is the spider fund. This is the one that has a group of financials that are basically telling you these are the companies that the S&P considers to be the most important in the financial area. It does include Berkshire Hathaway, what Buffett just added to Oxy again. So Buffett with Berkshire Hathaway, look, it's still right at the 200-period moving average. It just can't get out of its own way. In the weekly chart, it seems to be making an art formation. You can go to Bank of America. Yes, I said I'd look at Bank of America for Joe. This is the first time in ages that we have not been in Bank of America. We've been in for at least six years. We've had really good moves in Bank of America for subscribers. This year I said, I just don't like the action. I don't know what it is. I just don't want it and we've stayed away and it's gone from the 36th area down to the 26th area. I mean, that's a pretty big move for a bank stock. All the bank stocks were supposed to have had the test. They were supposed to be able to be test-free. They passed all their stress tests, et cetera. I don't know what's going on yet, but if you're looking at the different banks and I said I'll include Citibank. Look, Citibank from the 53s down to the 42s, the monthly chart looks terrible. Did I put that in, Citibank? I didn't even put it in. So it's called Citigroup, I think. Yep, Citigroup. I should know that. Is it all one word? Citigroup. Yep, group, ink. Yep, it's an ink. Yeah, this is lousy action. And you remember, we were looking at this some time ago, the bank stocks, and I said, I would feel way more comfortable being long and strong if the bank stocks were doing okay. That was before this whole panoply of blowing up. This is not good. And that's the reason why retreating things is trade. But under the radar, we have some areas that we are in that I think, I don't know if they can bypass everything, but I think they can hold much better. And that to me is really important. So, yeah, JP Morgan was the other one. JP Morgan, don't type it there, type it right here. They're all looking the same. JP Morgan actually at some point earlier on had been holding better. Now it's had a pretty big move from the 144 area down to 123s. Now it's at 124s. Now it's at 129. It's a better chart pattern than others. That's all I can say. So, within that context, and KRE, which is regionals now, this is terrible. I mean, for the regionals, S&P Regional Banking ETF, look at this one-to-one we've got in the monthly charge. We've parallel moved to the downside. It's extended that it's going all the way to the 41 area, straightening at 44 right now. This is not a good sign. That's the reason why I think you've got to be very selective and we are still trying to be as selective as possible. Within that context, I just want to mention, someone said, what's that rule that you... Dan said, what was that rule that you said pertain to Schwab? Well, this is the rule. Schwab had this huge volume spike to the downside with the price, and it was a gap, and it was after big moves to the downside. In my work, that creates something that I call the chapwave price volume climax. I've been monitoring this for quite some time. And within that context, look, we ran up here from the 45 round number low on the 13th. It ran up, and my rule of thumb is that when that happens, if the price can hold up the first few days and fill the gap, it can hold for 28 sessions without testing the low that was made. This guy's 45 round number low on the 13th. There it is, 50. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Hi folks, we're back and we're looking at the Dowp, 17S News Down 5. It's a real tussle here, bifurcated market. As we look at different sectors working, some are not working. Schwab, as I said, shouldn't go down to the 45 area in the next 28 days if this particular technique is going to work so far as health hasn't broken 50 yet. I said 54-25 right now, down 61. That's just the technique. Now we did buy Schwab and then we got out of it. I decided, you know what, as a rule of thumb, that's one thing. I don't have to have subscribers being the part of the experiment in this particular instance. When I see that Schwab is starting to hold because of other reasons, and that'll be technical reasons, then we can consider it. But this particular moment says, just still be very careful. It is subject to the whims and fancies of that whole area. A question came in. Could I look at the XLE? Yeah, the XLE. Oh, question is about the XLE. Back in a by-mode? Thanks. This is baseball eyeballs. You see how it came out of the Chetanweight Insight Track Propeller Zone, which is now a resistance zone in the weekly chart and the monthly chart made that H-pattern, the original new high above the, what was it? Yes. 94 area went to just almost 95. So let me just show you how interesting these arch formations are. So back in 2022, that was in June, 93-31. Then it goes to a doji-cadral high of 94-71. I mean, with a less than two points of a high, and then it pulls back. And what I'd say is, XLE cannot be ruled out as still being important in this market, but just on a purely technical basis, that H-pattern, the dreaded H-pattern and the Chetanweight methodology of the weekly chart from the October high and October-November high, and then failing just under it says, just be careful. So here's the answer to the question. Because the on-balance volume has already been moving up since the low that was made, almost coincidental to the low that was made on the 16th of March at 75-36. You can see that it was a day before that the on-balance turned up. The histogram of the MACD has started to be improved, and the MACD has finally crossed positive. Stochastic still weaker, 27%. And there's a long distance between the pink, 9-period moving average being able to cross positive. I'm going to suggest, because I know you follow it very closely, I'm going to suggest that at 80.47, you start a small position. That's not because I got major bicycles or anything, but the attraction of 82.03, the 200-period moving average, seems to me that it's in play, and that all it needs is to cross nicely above the 32.322, that's 22nd of March high of 80.81. That's just another 40 cents or more, about 40 cents from here, and that says you've started, oh, wait a minute, no, that's an A, that started a leg B. Now it's almost like the Dow, look, INDU made a peak A, pulls back, goes through a B, and now it's struggling to get to that leg C above 32,761. I think it's going to try for it, but it's working very hard. So all I can say is, in terms of positioning, I would not say this is the big buy, or if you're so long from way down, this is the attitude. I just say as a separate entity altogether, I look at it and say at 80.34, I put in one point, no, I'd rather give you a number, it's at 80.36 right now, let's go to the 120-minute chart, here we go, 120-minute chart, and I'll tell you where I'd put the stop, if I can actually find the 120-minute chart, oh, there it is, okay, 120, there we go, 120-minute chart says, ah, let me just do this as a notation of the Chapman wave. So this is peak A, and it hasn't gone to a B. This is A, that's a B, C, D. So this could be A, B, yes. So I would make seven, it's at 80.37, I would make 79.23, a $1 stop initially, but that's just because I'm treating this as a trade. If you are in, now it's at 80.44, it hurt me, and it just moved to a 5 cents, 6 cents, 7 cents. But, oh, 8 cents. So if you are looking at it right now, I'd have a trading stop, but if at any point it fills the gap which it's going to do and then moves into this camera right here, yes, yes, if it actually gets into the body, is there, so it opened at 80.104, yes, and if it gets to 80.110, at that point I'd have a trade, a $1 trading stop, and just leave it like that. I'm not sure how it's going to work because the magnate is good and that 120-minute chart, the 90 is over the 14, the stochastic is at 77%, trying to get to 80%, but that's the way I would treat it and I'm only treated as a trade. This is not your big add to position. It could turn into that. I don't want to think of it that way initially because it's an area that's been quite vulnerable to selling and this is the first time we've had three nice big candles in the upside and the day is young. So the Dow is now only up two, S&P is down 15, so this is a very tight market. It is a challenge and it's going to say a challenge I think for a little while. I want you to look at it and let me just see if I can move over to the question. Oh yes, the semiconductors. So this is a big deal. So the semiconductors down almost 5 at 246.79. Because of the cup formation, because the high of the 2nd of February at 255.64 was a big D and because ABC, oh, oh, oh, oh, oh, I don't even want to think that way. So this becomes. Oh my 220. I don't even want to think that way. I should have written that in that this is a potential Chapman wave unconventional flat base restart. Oh my goodness. All right, well, maybe it'll be maybe it won't but meantime back at the ranch. Whoo. I'm going to there. I'm just going to say. Oh my. If that's a trap wave unconventional flat base restart, then the high that was made right here. Let me just get my vertical. There it is. The high that was made here on the 2nd of February with the MACD still running the stochastic still over 80% on balance one spiking to a high on that day and then turning down and the difference between the high that was made at 263.51. So again, 261.92. Let me just type that in because it's so important. 261.92. Hmm. I looked at this and I thought surely not but I didn't I didn't consider that was a Chapman wave flat base potential unconventional flat base restart which says if it keeps going up but then keeps coming down to the to the breakout level of the the instant restart there's a good chance when it finally makes a high that high continuing to such a kind of high that says, whoa, be careful coming back all the way to the starting point of that rally which is in the 2020s. No, no, no. Don't think that way. I'll be back in a moment. 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 the trader 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter Market Insights is published every morning when the market's open to the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN Educating Investors Biotech is booming How long? Whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Directions Daily S&P Biotech 3 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 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 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 Four Side Fund Services, LLC. This program is brought to you by Vista Gold traded on the NYSE American TSX under the symbol VGZ. I'd like to look at this completely separately. It used to be when the dollar was going up gold would go down. When the bonds were when yields were going down it helped the market. It used to be when the VIX was down it helped the market. It used to be when you were looking at crude oil and the dollar sometimes you'd see even if it was just an inch a day on a ten minute basis if the dollar rallied crude oil would go down. A lot of those taken for granted icons that we used have changed completely and that's why I'm saying let's just think of them separately. So the VIX index is up 12 cents at 20.72. Let me tell you if this VIX index at any point in the next three days starts to trade in the 21 80 to 22.30 area this market is going to drop very sharply. So it's really important that the VIX which is a go to place as an insurance policy for many fund managers is not seeing that concerted buying. It did see it two weeks ago. It popped to 30.81 and when you think about the market the market is held extremely well. I'll do this if I can tomorrow when I shared subscribers to an opening call because I couldn't do my one hour or at least 45 minutes to an hour and five minutes weekend video with the overview of the different of the markets and what we're looking at and why etc. So I sent out this particular have I got it right here? Yeah, I sent. Oh, that was a mistake. I sent this out and yeah. I sent this out because I thought this summed it up very well. I'll do more of it tomorrow, but I sent this out a long note to say are we matching is this the internal low that we made a couple of weeks ago with a big bounce and are we making a residual low if it doesn't take out that low this is really important. Now this is of course Friday's close. There's a little bit of action that's going on since then, but that's what I was talking about. I'll talk about a little bit more tomorrow and that just says if we continue this whole rotational concept that started in the summer of 2010 where other than a couple of times where we've had the entire 90% of the stocks came down tumbling down are we looking at this rotation that says if you're a select in your in looking at the different sectors of the market there's a chance that we can muddle through for a little while longer because the Fed keeps on at least yelling and company keep coming in to save whatever the issue is with the financials. Can we keep doing that or is at one point there's one point where we're really going to pay the penalty. So I can say 20.69 I consider that to be at least reasonably bullish for now but there's no direct relationship NLY which is NLY which is I think yeah Annaly Corporation oh man I used to have this all notated because it was a stock that kept popping up for a long time at some point there it is look it went from the 12 or 13 area all the way to the high 30s peak A, B, C and then it pulled back the monthly chart oops monthly chart right there A, B, C made an arch formation isn't going to sell you so the question is just NLY so let me do this regardless of whether you're long short just looking at it whatever when you're going to a rectangle formation after a major decline what sometimes happens we even saw that this morning we had a pretty major decline from earlier about 2 o'clock this morning and then there was an attempt to go into a rectangle formation and what happens with the rectangle formation there's this brief moment where it actually takes out the left side low that's where you start to see now is this have have the technicals been improving while that happened so there can be a real quick recuperation or we still stuck in the rectangle formation well it hasn't done that because it went to 17. 55 on the 13th of March the very next session it popped up to 18 19.55 I would say that is a pretty big percentage gain but not after you look at the way it's come down now it's just stuck in a range this is where I say it's far more important to learn how to avoid than to be involved so I would avoid the stock right now I'd rather see strength where it start to trade in the 1950-20 area and then say hey now you see how it deals with that ugly candle from the 9th of March was at 20.52 there's another way to do that now it's halfway into the rectangle if in fact it pulls back just a little bit more and I would say at 18.68 in the 1860s because it's so close to the support at $18 that's where I would nibble saying okay are you making the H pattern that says you've gone once you've gone twice and now because you're holding above the low that is really important in this case the low of 3 days ago of 18.08 we can start to go peak A, peak B, peak C and peak D within the rectangle but rectangles can last a lot longer than in patience and cost you a lot more money if you keep thinking when it breaks down you need to short or when it breaks out you need to buy because it can stay in the rectangle those parameters are like go-karts little miniature bumper car barriers so that's what I'm looking at you just asked me about it and nothing to say whether you're in or not I'm saying I would not be I think it's a bit of a waste of money to be in it I don't see it breaking to the 21 20.50 21.10 area unless there's just something in the financials that really triggers a move to the upside so Annaly, capital management, Inc trading at 18.95 I prefer to leave it alone and if you want you can have a nibble on a pullback in the 1860s and there I would have like a 20 cent stop I'm an appetite stop and then as it gets towards the high as it breaks if it doesn't do today but as it breaks 19.32 that'll start a leg deep it doesn't take that out significantly I'd start to raise my stop and think about exiting or just raise the stop and say hey take me out but if you can go higher if it can close above the high of the 14th 19.55 I say that's your first sign of shit because the magnate is improving stochastic is at 40% improving the on balance there are a lot of things that are improving but they're pink 9 period moving under the 14 moving average that says there's a lot of work to be done hope that helps the next question came in can you short Apple or Nvidia here would you can you yes anybody can short anything anywhere but would I I don't think so Apple trading at 156.29 down almost to how many patents have you seen exactly like this is this a little churned account I need to do a little bit of work and I'll be back in a moment I'll just a quick 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for mentioning that some of the lithium stocks are moving up and Duffy did as well so it's fascinating that you brought this up because remember I was just looking at NLY NLY yes this pattern this rectangle sideways pattern over the weekend in fact I looked at the stocks within that group and I thought they just kind of stuck but they are holding quite well but I never did anything I didn't anticipate any big moves so look at this LAC which is I'm going to type that there it is LAC which is lithium American corporation or Americans there's the rectangle it's the same thing and this is what you need to see you see how it's popped out of the rectangle and the magnetic is just about to cross positive hasn't done it yet the on balance volume is good the stochastic is moving up so that's what you want to see in NLY and look even here it hasn't yet the day is young but it hasn't closed above the rectangle high which is this candle right here that would be the candle of the 10th of March of 2178 it's trading at 2168 it hit 2211 it's up 93 cents up 4.46 percent that's what you want to see it's exactly the chart talking about the monthly or the weekly look here it is you just put in these trend lines how easy it is to take your thing and go to that point go all the way down I like to make it into a chapter way instant there we are as I'm wrapping up here I'll be back with Tom later on this afternoon but what I wanted to say is that the day is young I was actually able to hold the plus 60s or more as I said to my subscribers and I do want to see the NAS that come back again it's down it's not good that it's down all the SMHs that would be good for a nice close