Welcome to ITU Telecom World 2018 here in Durban, South Africa, where I'm very pleased to be joined in the studio today by the Honourable Cia Bonga Ciprian Quelle, who is the Minister of Telecommunications and Postal Services for South Africa. Minister, thank you very much for being with us in the studio today. Thank you very much. It's a pleasure to see you again. Now I'd like to start off by congratulating you for a great opening day here at ITU Telecom World. It's been an extremely exciting and fruitful day, I think, for a lot of people here. I wanted to talk to you a little bit about the theme of ITU Telecom World 2018. Is innovation for smart digital development? What does smart digital development mean to you and how is South Africa working towards it? Yeah, we're very excited to be hosting this big congress for the first time in Africa. This digitisation for smart development is very key to us. Not only in South Africa, but as a continent, as a whole, because we're working as a group. It means to us that we have to change the way and the part of this digital revolution. We must not be left behind. We don't want to say later, let's sleep in leapfrog. We want to be in the forefront of this development. We want to utilise the capabilities here in Africa, our own innovations. Yes, we learn from other innovations, but use the huge content we have, use the experience we have, use the problems we have to come with solutions to stabilise those problems and solve it for our ordinary people. It is in that way where we think we'll say we have succeeded when these new innovations, these new digital innovations are helping ordinary people's problems in the most remote areas in our continent and the country. Now, what is the role of the fourth industrial revolution in South Africa's development? We prioritise it a lot because we think we can benefit a lot. You remember that we come from a partate where the majority of people didn't participate in economic activity. Now we're talking about inclusive growth in South Africa. Our president in this state of the nation address, he stressed the importance of the use of this rapid change and take advantage of these rapid changes in the ICT and applications development to improve the very condition which affects life in South Africa. We talk of education. We can do a lot with just digitising the education content, but not just digitising to make it easy for teachers, but also the way we deliver it to the people in the most interactive in their own languages and so on, is what is going to make sense. Health. We still got many remote areas with very limited access to specialist medical doctors, but we can utilise these digital technologies first to self-assist, to check your blood pressure. You don't need to read it much in machines now, but that can transmit that information immediately to a doctor sitting here in Daven and be able to advise. In my remote village, even if I'm critically sick, if we adopt these technologies, they can save my life, sitting in a specialist hospital here in King Edward in Daven hospital. So those are the things we say it must have expressed meaning to the people, to the whole of society because this revolution affects all aspects of life. Today at the United Nations, we are talking of the Sustainable Development Goals which we must achieve by 2030. I was very pleased last year that the new Secretary-General addressed the broadband council, which I'm fortunate to serve in, where he said he wants to work with the ITU and UNESCO to really use the ICT to accelerate the achievement of all those 17 Sustainable Development Goals for the United Nations and assist particularly developing countries and the least developing countries with them. So the issue of access to these developing technologies then become more critical for us as developing economies. Critical and key, absolutely. I mean, there are many South African SMEs here, I've noticed, at the exhibition. Basically, I just wanted to find out how important is digital entrepreneurship and innovation in development, and how can governments best stimulate it, do you think? We're very happy that working with our partners, we brought quite a number of SMEs here. They went through a vigorous process of selection because we are supporting quite a number of SMEs for ICTs and technology in South Africa. The strategy we have developed, it says we must help them with the incubation. Incubation is very important. It's not like manufacturing. The risk of failure is high if you are not mentored correctly. So that's why incubation centers like we have in Johannesburg and other cities here in South Africa, they are helping these entrepreneurs. Private sector, big companies also coming in and assisting these people. What has become quite clear in South Africa that you must take them to a period of one and a half to two years, and then the level of success then becomes much, much higher. If you take them for short periods, it doesn't help. The industrial zones which are put here, and one of the leakers, for instance, here in the airport in Durban, King Chagai International Airport, we've got two-bed trade port next to it, which is an industrial zone. We're very happy fishing that with the province of Ghazulu-Natal, so that the digital entrepreneurs from Ghazulu-Natal can go and exercise their activities there, but also are trying to make it a center for these gadgets repairs. Instead of when this gadget is damaged, you send it back to US or China. You can be repaired here in South Africa because we're going to train them in depth training working with these OEMs to make sure that they can produce good quality jobs. The same thing we're doing in Pretoria. So those are the key things. This center for industrial revolution or digital revolution, we want to establish at CSIR, which is our research institute in Pretoria, in partnership and with the assistance of ITU and also the World Economic Forum there, showing keen interest to support it and guide us in this. It's very key because it will be the center where our young people and entrepreneurs can bring their technologies. They can be tested. They can check whether they are conforming with international standards. Here, instead of transporting across the seas at huge cost, sometimes where they even lose their intellectual capacity. So as an African continent, it won't only be used by us and we're working with the partners to actually fund it so that you can expedite its establishment. We'll be launching it here during the course of this conference, but we want it to start operating quite soon. The technology experts and researchers, which are in our universities at the CSIR Institute itself will be working to mentor these young entrepreneurs to actually come into this industry. This year you're hosting ITU Telecom. Well, we're very pleased and honored to be here. I just really wanted to find out what's the value of events such as ITU Telecom World to you as a host and as a participant. It is a very... I didn't know the importance of this until we started hosting it. The first value we have established as a government, we didn't spend money here, but it is mainly the partners in the private sector who paid for this event because they see value in collaboration and in demonstrating technologies and sharing knowledge. So that's the first thing. The second thing is startups like you have seen who are here and some of them will be getting awards, but we're getting government leaders from all over the world, from over 40 countries who are converging here and having discussions. We're having top industry researchers and players and CEOs who are gathered here in Devon sharing their experiences and what they are doing to overcome challenges. So that sharing, it helps us to move faster than if you're doing it on your own as a kind of doing it on your own as an individual. So this oldest organization in the world, the ITU, international organization, is really changing. I think we praise it because the approach they are taking is that they should focus to everybody and not leave anyone behind. So now they are focusing on us as developing countries that are not left behind and they are focusing on our small businesses so that they are not left behind. So it is a huge benefit. As an example, just before I came here, I got people with disability, they are not delegates, they are coming to a side events. Minister, we're very happy that we are hosting this thing, we're watching it, and we want to participate because we think these new technologies will remove the disabilities we should have and will make us function and contribute. They are all in business with their disabilities. They think they can contribute more to the growth of the economy, instead of being dependent on those who are those who are able. So that's what is encouraging to me that the citizens in the city, they don't see these things as things for the scientists and the robotic people, but they see it as having a true meaning to them as ordinary people of this province. Finally, I'd like to give you the opportunity to give us a message for the participants here at ITU, the technical world, but also the wider audience watching on the ITU YouTube channel and the Soundclown channel, etc. Thank you. I think the first message is that we encourage the participants to engage so that you can come up with a better product because this ITU website is going to be full of these good ideas for even those who are not here, they can access the information. So their engagement and sharing of information will be helpful. Second one, and the last one, we're saying we have got a beautiful country as presidents have said. Please find time to visit our beaches. They are just less than a kilometer. Our harbor is less than a half a kilometer. Our mountains are less than two hours away from here in Devon. Our big five game, a wild game parks, they are less than two, two, two hours here in the north. We've got very beautiful country. We've got very beautiful culture. So please be part of this huge, diverse society, but united in our diversity and enjoy our hospitality while you're in Devon. Thank you. Minister Brené, thank you very much indeed. Thank you. Thank you. Thank you. Thank you.


So thanks for joining my name's Randolph. I'm head of innovation at ENA and today We're going to be telling you all about our network innovation competition call for ideas So if we could just go on to the first slide, please So just housekeeping before we we get into it as you can probably see from the participants list We've got quite a lot of people joining the call today So if you could stay on mute the whole time that would be greatly appreciated There will be a question and answer answer session later However, we're going to use the chat box for that So hopefully you'll be able to go to the show conversation box in teams Feel free to type your questions in there You can type them as as we go along through the initial presentations and then we will we will get to them at the end Any that we don't have time for today, we will follow up with after the webinar However, we do have at least an hour for Q&A. So Hopefully we'll be able to get through everyone's questions We might ask some people to speak and bring you off mute if we need clarification on a question Number of people we will try and stick to the chat box as much as possible, please So in terms of agenda, I'm going to give a brief introduction then we're going to hear from Emily at off-gem We are then going to hear from Frank Clifton on the required requirements for the call You'll then hear from Geraldine and some of our members on Reflections from previous years and then we're going to open it up to you guys. I notice that someone has already asked about Recording and no doubt someone will probably ask about slides as well So we will be recording it and also we will circulate the slides afterwards So that will follow up in an email with that So without further ado, if we can move on please So quick quick reminder in a we represent the gas and electricity networks in the UK and Ireland at transmission and distribution However, the network innovation competition That we're going to be talking about today is focused just on our electricity distribution members And that is because of how the innovation funding is working with the current regulatory regime The others have participated previously, but they're going into a new regime next year with a new Mechanism for larger projects. So you'll hear more about that outside of this call outside of this call If we move on please So just as a reminder the current innovation funding mechanisms for Rio one Which go up to 2023 for electricity distribution and for all of our other members Is ending at At the end of march next year There's two types of funding available network innovation allowance Which is for smaller innovation projects And these can be run at any period during the year And you can pitch them to e and a using our collaboration portal at any time However today as you can see circled we're focusing on the network innovation competition Which is an annual competition that we we hold and off-gem signs off on For larger projects and we'll talk about what that actually means a bit later So if we move on to the next slide, please So just as a reminder for some of the information sources All of our previous projects including the network innovation and competition projects Can be found on our smarter networks portal So highly recommend that you jump on that Have a look at what previous projects we run have run and what they actually look like We also have our any ni collaboration portal. This is where you can pitch your innovation projects to the networks For the ni a projects, you can pitch these at any period during the year And obviously we are running the call for ideas now and many of you probably heard about that through that portal And just finally I can announce now publicly that Our energy networks innovation conference, which is replacing our old low carbon networks innovation conference or LC and i conference This is going to be held virtually, of course on the 8th and 9th of december And it's going to be encompassing all of our members. So it will be T and D gas and a leg And that's going to be the enduring model going forward. Obviously, hopefully it will be in person as well Next year, but this year will be digital Tickets haven't quite opened for that, but they will be opening shortly We could move on please We could move on please I'm now going to hand over to emily sito from off-gem Who's going to give us a bit of an introduction To to the innovation funding from an off-gem perspective. So over to you emily Thanks very much randolph. Hello everyone. My name is emily sito and as randolph said i'm from off-gem I work specifically in the strategy and decarbonization team You can imagine that this area Has mushroomed over the last year and a half or so And we've got some particular eyes on in terms of, you know, our attention to innovation and what we would hope innovation would How and how we hope innovation would would help with decarbonization I'd like to thank randolph and the ena for for organizing this webinar as well as for this slot And my goal today is to give you a brief orientation to off-gems approach to innovation Next slide please So the first item I'd like to cover is is actually to reinforce our commitment to innovation This is a summary of our Recent strategy documents going back to july 2019 In our strategic narrative. We stated that decarbonization Of gb's energy system at lowest cost to consumers is is one of our primary goals This sits alongside equally with our mission, which is to protect the interests of consumers All of which we view as being enabled through competition and and innovation In october 2019 We issued our consumer vulnerability strategy Which includes a a section that articulates Some extremely good principles around considering how innovation affects vulnerable populations As well as some some pitfalls that we've we've seen So I encourage all innovators To to read this and to consider it in particular chapter seven. It's about four pages So, please do have a look at that and and more more recently in february of this year We published our decarbonization action plan which offered some more tangible actions against Against innovation including including establishing a strategic innovation fund and expanding our regulatory sandbox Next slide, please thanks, so this is a Landscape if you will these are all the the types of innovation delivery vehicles That that off-gem has i'm not going to cover everything and indeed two of these columns the ones with some highlights in red are Under proposal and allude to to areas that round off earlier said are not necessarily for For discussion today But I would what I'd like to do is talk first about the orange column the innovation link This is a service that is open to all innovators There puts a couple particular products if you will under the service including fast frank feedback Where if you've got a question you email it in we try to get to it in a fast frank way We have a regulatory sandbox where we can help explore easement of rules to for innovation purposes and for experimentation if you will and we offer also comfort letters We understand that early stage innovation can be highly risky and innovators may need confirmation that a certain activity is permissible As well as we offer insights based on our you know our experience I'd like to say that there are no funding opportunities associated with with the with the link But to engage with us also has no cost We hope that this you know benefits the entire energy landscape and innovators from from all sectors This is demand led that means it is mostly reactionary to to to however innovators choose to approach us There has been a refresh of the sandbox summer of of this year And I've included links there both to the sandbox generally as well as to that updated Oh, sorry to the link general as well as to the updated sandbox guidance Now within the price control Um I'll I'll just say again in those first and third columns that these are proposals for the next regulatory period as applies to electricity transmission and gas And those links actually in particular for the electric distribution sector specific methodology consultation, which is currently closed But if you'd like to understand a bit more you can look at those later And of course you're here today to hear from The team about the network innovation competition In the ed1 period and that itself is the middle column I'm not going to touch on details because you'll get that today throughout the session And lastly in the purple Off-gem through environmental programs and in particular the energy company obligation We administer an innovation application innovation component of of eco Okay, great next slide, please So I am currently developing off the back of all this an innovation narrative to inform markets and innovators Clearly where off-gem sees the need for innovation in its role for innovation in the journey to net zero This will build on the previous Documents that that I've mentioned Um, it's something that I'm working with internally and I'm also going to speak with our network companies about to get their views Uh, I would hope that some innovators would also like to be Uh, might also like to be including that conversation. So I've included my my contact details If you have any questions about anything I've said or, you know, potentially, uh, would would like to, um, speak with me Next slide And this is a statement of off-gems, uh, core core purpose and and values and and I very much so look forward To to seeing the fantastic ideas that that you bring to the table as innovators and and the projects that will come through in in the in the current upcoming round of the of the nick Thanks very much Next slide. I think it's Fantastic many. Thanks, Emily. That was appreciated and and really good to have off-gem support Uh, for everyone else Emily is going to be staying on for the rest of the call So if you have any questions questions specifically off-gem Again, feel free to ask them in the chat and we can pick them up in the q&a a bit later So the call for ideas, uh for next year, which we are starting this year and that's why it's 2020 2021 So it's open to all third parties. Um, so all of you guys SMEs startups innovators manufacturers whoever is we we want to hear from everyone As I said, we're focusing specifically on dno's this year because because of how the rio funding pots fall We want to develop higher quality innovation projects. This is not just a sales pitch We really want to deliver really interesting innovative projects that deliver for our for our customers There's up to 70 million available Ultimately the decision is made by off-gem, but that that is the maximum amount available We have a specific focus on certain areas this year Including those from our innovation strategy, which I'll talk about in a minute But I guess one of the key points we want to know is is this year we We really are taking an uh some additional steps to support To support you guys to support applicants and really drive home really good quality Interesting projects. So you'll see a bit later. We're offering a range of support. Obviously we've got this webinar All of the dno's are open open to for you to come and chat with them throughout the Throughout the tendering period Whether that's either with me in a group with one-on-one discussions with them But also this year for the projects that we decide to take forward to interview We're going to be Hosting a range of one-on-one sessions between the networks and and the potential projects to help them develop and craft their pitch for those interviews So that we can really give you guys a lot more guidance on what a good pitch looks like And really I guess increase the quality and and substance to some of those projects So we'll be offering that service in terms of when we offer that you'll see a bit later in the timeline So if we just move on to the next one, thank you very much So this is some of the the high level criteria that we're looking for Frank from sse is going to go into a bit more detail in a minute But basically the key thing and the number one thing you should think about is that The projects must meet the eligibility eligibility criteria set out in the n i c governance document Which is available on off jams website. We have the link specifically to it in at the end of the slide deck and useful links It's absolutely essential that you read this and understand what is eligible and what is not We have a range of priority focus areas as I said, and I'm going to talk a bit more about that on the next slide We are also looking for people who are open to collaboration with others What we found last year is while some individual projects could be taken forward There was quite a lot of overlap between different people with different ideas. So there's potentially the option this year to bring different parties together to collaborate on a project specifically where there's Overlap between different ideas that come forward and off jams quite keen to see that collaboration and joint way of working again We're also looking for innovators who are willing to fund the big cost. You can't recover the costs For bidding so you need to to commit to doing that And also contribute some funding towards the the project We think it's only fair when we're spending customers money That people have a bit of skin in the game as well And also in terms of the size of projects which often comes up We're looking for longer duration projects. So not You know three four five six months spoons. We're looking for longer projects two to three years And in terms of budget, we're looking for Over two million anything below that is probably likely to be an NIA project So using the other funding pot. We're looking for the bigger projects If we just move on please So what are what are we focusing on this year? So we launched a electricity network innovation strategy along alongside a gas one Earlier this year in March, which has a range of key Themes and principles which you can see on the right hand side there So we are interested in projects that any of these themes But specifically we're interested in those that address meeting net zero and Helping us progress along the pathway to net zero, but also those that address customer vulnerability Those are the key focus areas for us this year While we are definitely going to be accepting all options and and all ideas from the other themes Those are our specific aims this year and that ties in very well with what Emily was saying And what is going to be the focus for innovation? Within Rio too going forward as well. So it lines up nicely with that You can access our strategy document on our website the links here also in the back of the slide deck Again, highly recommend that you read this as well as the governance document If we just move on please So at this point, I'm going to hand over to my colleague Frank Clifton from SSEN and just a reminder to frank to introduce yourself as well, please Thanks, Randolph. Good afternoon. My name is Frank Clifton. I'm an innovation manager at Scotch and Silvernell transit networks Been involved in quite a number of our NIC projects and I see quite a number if I'm not going to face on it On the attendance list here. So thanks to everyone for joining us Just just a bit of an overview as to what the requirements are for for an NIC project As Randolph said one of the key things is actually addressing some industry Challenges and those are set out and articulated very well in the network innovation strategy document and there's a link there It's a fairly readable Indigestible document So I would encourage everyone to read it. It's fairly clear. I think you'll see a lot of familiar territory in there One of the kind of feedback we've got from other things We've got lots and lots and lots of interesting ideas submitted to us in previous years, but there's not enough Thought really been given beyond what is that interesting piece? It's about what turns out a demonstration in a project and produce an outcome Which is then beneficial to to GB customers So the sorts of things that need to go into that are water in these next set of requirements So what we really want to see some evidence that we've actually thought through what we're going to spend the money on what the project's for Excuse the helicopter What the project's for what the project's actually going to deliver how it's going to be delivered What the outcomes will be and how we're going to achieve those outcomes And whilst it doesn't need to be tied down in specific detail some thought of that process needs to be set out When we're talking about value for money for customers, that's really looking at what the benefits of the project might be And actually identifying that the money we're looking for the trial is proportionate to those benefits And the project is going to be run efficiently, effectively, we prop our prudent governance procurement and all of those good things It's got to be generating new knowledge. We kind of this cannot be about duplicating someone that's been done before So it's got to be about someone that's not been trialled before Obviously it needs to be innovative. In this context of NIC what it means by innovative is why is this not being funded for a company's BAU activities And that usually means because it's not proven It's got too much press What are you doing? All right Um, so it it needs to be a reminder if everyone can go on mute Thank you um It's got to be We're talking about being innovative. That means not being able to be funded by BAU because there's no there's no mechanism for it There's no allowance for it. It's too risky. There's no guarantee or return Or never been done before. That's what's meant by being being an industry. Ideally it should be fairly broad We have a number of partners involved and hopefully ideally get some leverage some funding from some other source So in the past we've leveraged funding from any of the UK industrial strategy challenge funds, ERDF and quite a number of places to Extend the the range and range of the project beyond the additional network boundaries But most importantly I think and I think this is Probably one of the more crucial things is it's got to provide a benefit to network customers and by network customers That's customers would pay due us charges It needs to provide a financial benefit to those over between now and 2050 Just moved to the next slide to the end So in terms of in terms of eligibility the eligibility criteria I've set out in the NIC governance document As Randolph said earlier it's quite important you'll read that and actually understand what's involved It's fairly lengthy but worthwhile doing it. I'd also add On off James website there are some feedback documents on previous year's competitions And I think there's some good feedback for the expert panel on their Views on why projects have been funded and why projects have failed So again, that's quite a good place to look to get a sense of what's needed So I think we can probably write links to those as well Randolph if we could So there's three main sets of criteria one is the direct impact on networks And then I'll describe what we need to do. It's a two-stage submission process There's an initial submission which will take place February March next year Which is a fairly short submission to two of Jim to To outline the project idea what the benefits will be What who's involved what we're trying to do what we're trying to achieve And I'll be assessed but by off Jim another Approved or not If it's approved we then need to go and develop this full submission performer Which is quite a chunky piece of work. It's a hundred-node page document with a full financial model program program plan budget Outputs funding etc identified. It's a fairly substantial piece of work And that will probably have to be submitted July August in 2021 Before it goes on the assessment process So just talk through the direct what's meant by the direct impact on networks Do you want to skip to the next slide there again? So what are three or four main criteria there? So it needs to be a new piece of equipment something It's not been tried on the GB system or is on proven on the GB system And that can be control communication software hardware So as soon as pass that's included Of the other types of scotch power of the project looking at different types of transformers an LV engine E&W have looked at different types of voltage control equipment We have looked at equipment for maintaining resilience So it can cover quite a broad range of stuff It could be a A novel arrangement of our application existing technology in a different way So if we are looking at resilience project resilience as a service It's looking at using existing technology in a different way to help maintain network resilience Or it can be a novel operational practice Relating to the operation of the system or a novel commercial arrangement Most projects have got an element of novel commercial arrangements in them Because we can prove the technology as much as we want Unless we've got a mechanism for actually deploying that and realizing the benefits from that technology It's kind of pointless doing this So really the business model for realizing the benefits Is actually a fairly crucial piece of the piece of the jigsaw It needs to be articulated to justify the funding So giving some thoughts to how you get for that Interesting idea Interesting worthwhile idea To actually deploying it and realizing it To benefit GB customers Does need a bit of thinking through and just a bit of creativity as to how we're going to get there Do you want to skip the next slide there? Vivian So in a short term, Randolph or one of my colleagues will outline the process We're going to go through to get there But the first submission of GEM like I said is this initial submission ISP It's called and that's likely to be February time next year It's a fairly short document to be clear about 10 pages And there's four kind of criteria we need to articulate very clearly in that document What does this do to accelerate the development of the low carbon energy sector Deliver environmental benefits and or financial benefits for existing and future customers So how's that going to help us achieve net zero and how's it going to benefit customers? We need to set that out really really clearly And being clear on that is absolutely critical Getting that point across is crucial to getting on the next stage Then we got to describe how much money we want and why that's value for customers Again, that's related back to that benefits point Why it's new network and why it can be applied across the whole lgb And then probably more fairly importantly why it's innovative Why is this need not being done as be you by either you as an innovator or us as a network And why does it need the support of customers to them to justify this demonstration Thinking through those things is pretty clear So when you submit the idea just please think through what these points actually mean How your technology or your approach is actually going to get us there Interesting it's not enough we need to get to have a sort of so what at the end of the project To realise the benefits we want for that okay And then finally Vivian if we get through that ISP Look I'm generally take two or three weeks to assess those We then Just want to go to the next slide Vivian please And then finally for the full submission Let's say that's about 100 pages with a fully costed plan And budget financial model etc It's a fairly onerous piece of work It's about 100 not pages like I said We need to set out who will be involved in the project And what are the fundings coming to bear Relevance and timing is why are we doing this project now When will it produce the outputs So it's no good producing an output to a project Which is a project produced now An outcome to a problem which is here today And we need to be getting make sure the problems are being solved In time for our networks to implement the solutions And then we actually need to set out what we're going to do with the money By having a robust methodology and a plan to show We can actually make a successful job of delivering that project It's a fairly onerous piece of work But there are a lot of examples online of what's needed to be done I think there's a fair degree of experience amongst the network community And many of you folks on the call where we can work together So as Randolph said When we get past that selection stage We want to put more input to help guide and shape The ISP submissions with those projects And I think that's going to help us get a much richer and more successful portfolio project So I think I'm handing across to Geraldine now, is that correct Yeah Frank, so I'm Geraldine Patterson I'm the Innovation Manager at Electricity Northwest And like Frank I'd like to echo my thanks for you all to join us today It's good to see so many people on the call I might recap a little bit of what Frank's just said As well regarding the timeline and stuff But it is quite important that you understand the level of work involved And putting one of these together So the top of the slide there shows the timeline for the current call that we've got out So we're currently in the sort of first phase Of it we're asking for your ideas And we've covered this webinar today To basically give you the chance to ask us some questions To help you formulate the submissions you're going to make to us By the end of the month We will then go away, review all those And come up with a short list of those that we think are viable projects To go in to the process next year And then we will ask those shortlisted participants to come and pitch to us Well it would then directly come and pitch to us I suppose this year would be a virtual pitch To us to explain in more detail Give us a chance to find out a little bit more about it Than you can from a piece of paper And then by the middle of December Well the 18th on there We will be announcing the decision of which projects we're taking forward And by that point as well We should also know which DNO is our interest And in which to take in which project forward Which may be more than one DNO for projects as we've had in previous years So the bottom line is actually the timeline then For the actual next submission next year So as Frank said The first big milestone is putting the initial screening proposal Into off-gen which is normally early April And it is as he said a 10 page document But it contains quite a lot of important information To get across and get through that hurdle Of this is actually something worth us putting a bigger bid together for And normally by May then off-gen We'll let us know whether or not we've passed that stage And then it's on to do the full submission Which as Frank says is actually a very large 100 page document And the first half of the document is very prescribed sections With the various questions and the guidance criteria to answer And then we do have the second sort of half of the document To put appendices in To sort of further give further information Further bolster the sort of case that we're putting forward Has to have a full business case Where the project plan has to be well thought out And then once that gets submitted Normally about the end of July We then enter into what we call the Q&A process And that can run from then right through till about this time And the one for this year is more or less just concluded And in that process we can receive questions from Is either off-gen they employ an expert panel And they have some consultants that review these bids And they can ask us questions every Tuesday and Thursday And you normally have a two day turnaround time To respond back to the answers That being said in our case this year We got quite a few questions on one particular day And we were allowed to make extra time other than the two days So if you do get a lot of questions There may be some chance to delay That they're sort of a bit longer to respond But also during that Q&A process In September we normally have two bilaterals With the expert panel The first one is normally early September And the second one sort of late September And the first one is normally very high level And you introduce the project They get to ask you some questions to understand a bit more And the second one is a bit more focused Of some particular questions Or particular areas that are like some more informational And once you've gone through that process You then get the chance to resubmit your bid To make any minor corrections or additions As a result of that process And then it's a waiting game Till the end of November to when the decisions announced And normally when the decisions announced then You go into sort of getting all the various paperwork in place And projects normally start in earnest In the January of the following year So this call we're putting at the moment Is probably looking for projects to actually start In January 2022 So if you could just move to the next slide Please Vivian So we wanted to give you some reflections on previous years And a lot of the past successful projects Are all available online So off-gem do publish all the redacted bid submission documents So they're all available Off-gem also publish their decision document The link to the 2019 one Is there for you to look at when you receive the slides You will notice in the 2019 one Two successful projects The DC share one and the resilience of the service Both came through this process And the DC share one Although it is aligned to Western power We as electricity north-west are actually another partner on that project Because both of us were interested In the project when it came through the call But WPD are in as the lead And we're in as a supporting partner So the process does work And we have taken projects right through to successful That we're starting to deliver them now But they do need to as Frank has said To be something that's very deliverable And that the network actually needs So if you'd like to go to the next slide Please Vivian So I think Some reflections that we've had back from off-gem in previous years Make sort of Echo some of the things you've already heard today So it's the robustness of the methodology And the implementation of the project And also what you think it's going to do afterwards These projects are normally Such a way that by the end of it We're effectively more or less going straight into business As usual and rolling them out Previous projects that sort of We are already starting to roll out And don't want it to be too broad It needs to be deliverable within the time frame It's not about boiling the oceans It's about solving a particular problem And the benefits is the big one is that GB customers All GB customers pay for this through their due us charges So we need to provide evidence that The benefits will flow back to the GB customers Through their due us charges So and you normally have to sort of As Frank says that the benefits need to justify the spend on the project And you need to show the benefits of out to 2050 Both financially and because of the net zero The carbon benefits as well We've had some in the past where they said It wasn't innovative enough It wasn't value for money But that's about how you sort of Pitch the project also but not doing replication They say there's plenty of information Both on the off-gem website And on the ENA smart networks portal Of the types of innovation that have gone on before And then it's the getting back to the benefits again It's it is the electric


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 internationally at<PHONE_NUMBER>. Now, Basil Chapman. So, let's get right to the stars down 25 at 26,000 and 5 at 28. Suddenly, it had a good rally early on this morning. It actually opened at 26,000 at 594. Went all the way to 26,611. Actually, let me just show you right here. Look how many resistance levels there are on the 26,600. It's right there. This is the automated Chapman wave projections of support and resistance. Well, it got repelled, but then it dropped sharply. Went from 26,611, 200 points down to 26,419. But now it's right back to 26,527. This is a pretty darn good action. But one of the reasons is have a look. McDonald's MCD. McDonald's trading right now up. It was up three and a half earlier on. Actually went all the way to 200 round number high. No way. Well, first of all, no way that McDonald's is actually up in the 200 area. So, 200 in a leg G, R, N, high. Doesn't mean anything because we're at 198,31. Just an eye blink away from breaking 200 round number high. But if in the next three days, McDonald's goes to its low of today 195,50 and then takes it out and then goes under 194,70. The 200 period expansion moving average. There's a good chance, especially based on the weekly chart, that there could be at least a minor pullback to kind of fill in where the little doji candle was back at 193. I'm not saying that's even what I expect. I'm saying that's what I'd be looking at if there was a pullback later today going probably under 90s at 197,30. Closing under that, giving back three points from the gain. But this is really good action. In the meantime, back at the ranch, got to admit that. And it is McDonald's. Do you remember? What was it about two years ago, a year ago? I said, if I had to ask, and I did, I asked a number of people, just friends, casual acquaintances, I'd be talking and I'd say, hey, if you were looking at the market, would you think that Whole Foods? Oh, this is before Whole Foods was taken over. So it was before Whole Foods. Whole Foods was trading. Where would it be trading in relationship to McDonald's? And invariably people saw Whole Foods should be way higher. But it wasn't. Why? Because majority of people, majority, that's not necessarily in your town. I'm just saying majority of people around the world kind of like to go to McDonald's. And they've been improving the quality of their food for a long time. Very interesting. Congratulations to McDonald's. All right, enough with that. All this little chatter. Let's get back to the down. I wanted to show you something because it's such that we're closing out the month today, right? Tomorrow starts May. So that means that the candle here in the weekly chart, if there is no new high about $26,695, this week, going all the way to Tuesday, we've got all week to go. If by Tuesday we have not gone above $26,695 to extend Leg C in the weekly chart, we've made a peak C. And that suggests that at any point, if there's a trade below $26,310, the low of last week, and then a close below that level, we should be going lower to at least the $26,188 level. The nine period moving, that green line in the weekly, possibly even testing $26,000. In this case, the 14 period moving average is $25,941. This mixed conglomerate that you're looking at is what's called the Dow industrials. I mean, McDonald's and industrial. I mean, they might use industrial equipment to get that chopped meat, but it's not an industrial. All right, so we're looking at something that's a little unusual in that the makeup over the last couple of years of the Dow has become very, very mixed, very much like I talked about the XMI from years ago. So let's get to the nitty gritties here. If there is, in fact, the MACDs, DADs, negatives, castings down at 74%, but it's trying to cross positive on balance volumes, not bad. If there is a move that takes the Dow above $26,600 into the $26,700, especially if it's this week, that's very good action. There's no question about it. Then this rising wage formation in the monthly charts suggests $27,000. It's probably going to happen sooner rather than later. I'm thinking it's later rather than sooner, but we'll see. You just got to do what you got to do. Look at the S&P, made an all-time high, and the Dow should be following reasonably quickly to the upside. That's 500 points. Right now it's 400 points, 450 points. So the S&P could make a lag D above the high of 29, 49.52. Let me type that in. 29, 49.52. And that would say that it's extended this leg C in the weekly chart, maybe goes to a leg D, and then we might be pulling back a little bit, but this is broken out in the monthly chart. It's very important. IWM. IWM is looking, holding quite nice. It came back from a very weak earlier part of the session, hit the 14-period moving average for the, I don't know how many times, many times over the past two weeks, and now it's above that. It's above the nine-period moving average, 174 cents and 158.29. In the leg C in the weekly chart, just a modest leg C, still struggling, still way behind the 173.39 August of 2018 all-time high, but a fantastic comeback from the 125s below of December, trading right now at 158.27. So we were watching that. Now I'll go back to Gold just for a moment. Gold is up 3.7. This is nice action, but it's not great action. It is good that it held the Chapman Wave inside track propellant support level. Now it's pumping against them in the weekly chart. Now it's pumping against the nine-in-the-14-period resistance levels, but the MACD's negative and the stochastic is really poor at 13%. I just don't see anything for Gold just yet, not the big moving Gold. And what I am looking at here is that the Silver, the Gold is up 0.27%. Silver is up 0.18. Up 0.02 at 14.96. Lousy action. I'm sorry to say just, I'm going to be polite. Lousy action. Let's just for a moment looking at Palladium. I was going to look at Palladium. Yeah, stuck in the range, but it's in the higher level. That's good action at 896.80 down 450. But nothing strong yet. It's just up in the higher range of this move that went from the 770s to the latest move. It went to 920, just about 920. Now it's pulled back. It's at 896. Palladium. Palladium is up 170, but it's nothing to see here right now. I said that I would do wheat. Well, oh my God, that's terrible. We are out of our DBA, which is the agricultural ETF. We gave it the best chance we could. It didn't work out. And look at the soybeans. Oh my goodness. This is terrible action. That suggests that the dollar actually could go higher at some point soon. Corn is down one and a quarter, two and a quarter at 359. It was one of the better ones. Now we'll talk about the dollar. The dollar is trading down 24 pips at 97.62. Made a peak D, holding the 14 period moving average. I'll talk about that in a moment in the Europe. Baselchap and Tiger Technicians. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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You can still visit us at the same tfnn.com URL but when you do, you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Call now toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Hi, everyone. So in the patents that we always look at, we're looking at cup formations in the chapwave and arch formations. Just three patents straight up, straight down, couple arch. And within that context, we are still looking at the dollar holding very nicely, especially the weekly chart. It will almost certainly make a peak D if there's no high above 98.33 this week. But I need one more down day and then I have to put a down arrow in, although the stochastic is just under 80%, the magnate hasn't turned down yet. But these vicious turns with the light green line pulling back very, I call it the Lamar track turnaround, if that crosses negative from here, that dollar is going to be going down to the 97.30 area or 97 quite quickly. So this is going to be an important moment for the dollar. Meantime back at the ranch, it's not everything I wanted it for, subscribers getting to the 98s from the 90 level. It doesn't sound like much 9%, 9.5% over a year. And the currency, that's a big deal, especially the dollar. And the dollar's gone to legacy in the monthly chart. I love the way it looks and the MACD is still strong. Technically in the weekly chart, let's see what happens. But if you look at the euro, the euro has had a couple of good days. Look at this, green arrow three days ago, nice green candle yesterday, another green candle today, then got repelled at the 14 period moving average, trading at 1.204 right now. And I would just recommend that keep an eye on, I've got this cup formation, big bowl formation actually, meaning that it's more a flat basin type thing than a cup, sharp left side lip and a sharp right side lip. This is just flat. And it is looking, especially look at this monthly, if it closes this candle right here in the monthly candle in the euro dollar currency pair, the stochastic in 18% is really not good in the weekly chart and the MACD quite good actually. Stochastic in 11% in the monthly and the MACD is still very poor. But imagine just visualize, if all of May says there isn't a new low underneath the low that was made at 1.111, gee, you think you'd run out of ones, right? 1.11121. Let me just double check. I never get these right. 1.11121, I do get them right, good. And that was on the 26, yep, the 26. Let me just put that in. So call this the 26, which it is, of April. And I'm just putting it in. I'll make it very light because these things get taken out so quickly. But let's say that it stays there. And this is a leg A. And for some reason, all of next week, there's no new low. And in fact, it tackles the 1.24 to 1.27 area over the next two weeks without taking that out. That could be a turnaround signal. And then I'm watching the dollar very closely. Because even if it's a turnaround, I suspect there's more backing and filling to do in the monthly chart of the euro. But it could be a nice rally, maybe a six-peak rally. Who knows? And in that particular point at that time, the dollar could quite easy come all the way back to 95, 70, just have another big consolidation. Higher highs, big consolidation. Higher highs, big consolidation. That could be the theme. So just let's keep watching that. Now, I know the Fed is trying to push the dollar down. We've heard this. You remember when Paulson used to come out and say, oh, we want a weaker dollar. And the dollar was screaming to the 103. It was screaming to the upside. So don't listen to these guys. Because they have to try to talk things up or down or whatever it is. I was looking at the price. And the price right now says the technicals are still good enough to make even higher highs. And I think it's the currency of choice based on the economic conditions in the United States being some of the best in the world. Therefore, the currency often represents that. It's like a little flagship thing. Maybe it's like an icon of success. All right. Just at least for now we'll talk about it like that. USDJPY had had that pullback after peak D in the daily. And it's still acting quite well. But it has done everything we wanted out of the yen. We wanted the weekly chart to make another D. It keeps doing that. It did it again when it went there last week to 12. So it was 12.4. Yeah. 12.40. And now it's pulled back. It's at 111.39. Just digesting the gains. Now, if you're looking at... I had a couple of questions. I'm going to get to them in a moment. So let's do the TLT. I've been talking about this for quite some time. I see that the... I share 20th Treasury bond ETF. It's stuck in a range for now. It made a peak D in the weekly chart over at the 126.69 area. It's hugging the 9 and the 14 period moving averages. I wouldn't be surprised if at some point if the market starts to show some real weakness that it slides underneath... No, other way around. I wouldn't be surprised if money starts to go into bonds with the TLT rallying if this market starts to come back sharply. So far, it's held very nicely. But I suspect if the Dow goes under $26,320 and then down under $26,280, you'll start to see money flow from the stocks into bonds. You'll see the VIX start to rise. It's kind of the... That's the scenario that I'd be looking at. Meantime, yields are just stuck in a range. Look at this. TNX. There it is. And it's trading at 25.16. Made a peak D in the daily chart. But the weekly chart is lower lows and lower highs. And that will continue until a point where all of a sudden, I think you will suddenly see a big surprise as the yields start to rally. But it'll be a surprise because you're looking at it over a period of weeks. But I would not be surprised. My surprise would be if there is a market pullback and money doesn't flow into bonds, then it's going to say something else is happening. All right? So I've covered that. I've covered yields. I don't know why I keep getting a message yet to say. What was this? I read it exactly the way it was written. It's oblivious. You don't understand bonds. And now apparently you don't understand the VIX either. If you short the VIX index, you would buy the TVIX, not hoping it goes down, but up. Your constant memory losses loses, it says. Or showing you need help. Please go and get some drugs. They might help you. I don't think I need that. And when it comes to the VIX index, I think I've proved over the 20 years that I've been watching the VIX very closely, probably more, that I really, really do understand the VIX very well. But be that as it may. And I don't know what you're talking about in the bonds. Well, first of all, if this is the highest short position, there's always the same person. It's Paul. Paul has a problem articulating in a clear manner exactly what he's saying. But I'll deal with whatever comes my way. The other thing is, if you're shorting the VIX, it means you are shorting the TVIX. Why? Because when the VIX goes up, the market goes down, Paul. It's not the other way around. That means that fund managers are shorting and shorting and shorting and shorting the VIX. That's what it said yesterday when I read that report, meaning that they think the VIX will remain low and that the market will go high. It's a benign look at the market. Wrong way to what you're discussing right now. The VIX goes up when the market is ready to go down. All right? It's not the other way around. All right. So, back at the ranch, we're looking at the TVIX. Crude oil is trading right now. Up 44 cents is in this range. Remember, I drew this rectangle. It's kind of stuck in this range. I'll be right back. Basil Chapman does down 23 S&P's down five. Be right back. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under 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 in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. 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Get your copy of The Art of Timing the Trade Chart today at www.TFNN.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com I want to go back and I'm looking at GEG is trading at $10.07 up $0.35 right up to the 200 period exponential moving average at $10.51 and did $10.53 today trading now down sharply from that level but still a gap up yesterday closed at $9 and $0.74 $0.73 had a high of $0.74 and then it spikes up sharply. If you look at the weekly chart it says yep great move but I still think it's in a consolidation phase and that there's a really good chance that later on GE will really pick up steam but I don't think it's going to be for a little while. Could be wrong about that because I don't know what was said today but obviously the marketers at first thought it was fantastic and now on consideration says yeah it's very good but it needs a little bit more proving and that's what I see in the weekly chart. So I still see GEG stuck in a range yesterday I was saying I liked it in the sense that I was asked about it as a long-term position. I said yeah you could start a position right yet it was in the mid-nines and now it's capped up so you've got a bit of a bonus just to say you've got a little cushion I would not add to it right now the reason why I wanted to bring up GE is we've been looking at it for a while we're looking at I think it was a $9.20 to $8.80 area I said that would be the add to position it went down to $8.98 on the 25th now it's run up very sharply almost a $20 huge gain percentage gain but I do think that now it's going to make a higher it should make a higher low in other words now the $9.33 to $9.48 area would be the next very sharp pullback support okay now I wanted to also mention because it was discussed by George in New York George also just wrote this morning good morning Basil hoping all is well just an update I started a new long position on Oxy let's go to Oxy Oxy at $58.03 and I think I'm going to discuss this because other people might want to hear it a lot of people have a lot of respect for George he has longer term positions he's not afraid to sit there if it comes back a bit because it's a longer term position so for reasons as far as one Oxy is off a 52 week high of $87.67 on the 7th of June 2018 absolutely good good did make the H pattern and that's very important number two has the largest average in permanent basin at 2.5 million acres as of 2016 year yes presently for fracking announced in three announced late last week will offer Anadarka higher price than was Chevron offered Anadarka number four based on present earnings of 530 to 4 2018 year that just passed in its medium P of 16 the value is 84 and 5 dividend yields of 4.76 that's a very nice dividend yield I would also consider that dividend yield is something now that I would consider only for number 6 which is confirmation today with Buffett pledging $10 billion to Oxy if Anadarka deal goes through have a good show George New York so George I'm kind of with you on this now for my subscribers would I put this in the in the pocket of the portfolio that we have I would probably say with a caveat a big caveat why because it seems to me when they finish with all the spending there's still a chance that over the next will be in April finishing up so you may by July about July the 10th of July maybe through August the first or second week of August we could have had some kind of by that point we could have had a rally and then I start a pullback that says whoa the whole digestive thing for this particular move is costing us a little more than we thought that almost always happens so there'll be some kind of a pullback so I wouldn't be surprised if the 55 even the 53's are tested but if you're looking out especially with Buffett there I think you're right I think in the long term look I'm talking about two years to three years I would not be surprised to see it have a really good rally to the 65 72 area and if we can go higher than that that'll be very impressive but yes I agree with I like your thinking just not sure that at least for me it's the kind of thing that I'd be looking at for subscribers for a couple of reasons just named a couple there right there so let's just do the next thing which is had a question about where were there oh the transportation's IYT what does it say transport minus one couple of them are having big pullbacks yeah I'm anticipating some kind of a pullback I mean we had a great move from 186 where we got in for subscribers to 200 I it's not it's not the full position I didn't really even want to take profits I want to rather be thinking in terms of adding to this at some point I think we're getting close to some kind of support I'm not sure we will break and close for more than a couple of days under 190 maybe it goes back to the 188 area but maybe I shouldn't have given back some get some of the gains but you know this is I want this more as an add to position so I didn't want to get too carried away with you know hopscotching around in and out I like what I'm seeing so far that's important the next thing is the XBD well let's just look at the IAI which is the this is the iShares broker dealer ETF trading at 6349 we went all the way yesterday to 6412 we've been long since about 60 I like this this is with the area that we spoke about in my webinar discussing in details say we're going to start putting positions on for certain reasons this is one of the reasons now I say the cup formation key what happens here we could start a bit of a pullback with the XLF let's see what the XLF is doing XLF what was the question about the XLF also making a peak D very nice action here we are long bang stock has done very nicely the XLF is a 2790 the S&P select financials I like this action it's in lake sea the week I wouldn't be surprised if there's some kind of a pullback here I like it I want the XLF the the financials to do well I want to see the XLF breaking into the 2880 2920 area in May that's going to be really important I want to see that because I want to see this trend line taken out decisively okay next thing I'm looking at here was a question here could I look at the XLI this is the S&P industrials see this is only this went in an alternate wave count I couldn't do anything with this this went to a C I suppose I could call it an alternative count nah I can't really this is gone to a C and it might fail I don't know it might be telling me hey just be careful because there could still be a leg D to the upside in the industrial the S&P select industrial fund spider fund and it's trading at $77.78 right now it needs to get above $78.95 to start a leg D it could fail because it's under the previous major high but most importantly this is a leg C which will make a peak C if there's no new high this week watching it closely XLU question but I had one first which was I don't really see anything just yet how can I put this whatever this is called this is called Farfetch limited and it's not really Farfetch because it's gone from the 16 almost around number low 5099 on the week of the 4th of January and it goes to a peak B a skyrocket all the way to 31 point 60 pulls back to the 23 right now it's a 2497 I think it's stuck in a range so I'm just going to say I don't know if I'd go long this right now I do like the technicals improving I'm not sure I'll be right back down down 22 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 and it's going to be available 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 1550 per year or 6200 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per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV for the latest market information I just almost very short of basis let me just say the E-mini down 250 right now 2940.75 pretty good action because earlier on it slumped all the way it went from 2945 to 2926 20 points down and now it's only 250 down this is very good and if it starts to trade above 28 hold above 2943 I'd say that's really good action on the day if it suddenly turns around and starts to go back down underneath 2936 I'd say be careful for the close now what's really important about this in the Dan Coda says ouch on goog advertising not so hard yeah so this is an alternate count F-slash-C I was going to do this yesterday and I said I'm going to call it a C for now but I do want to put in the F-slash-C just in case but I just didn't have any idea that there'd be this kind of damage down 105 points at 1182 right now and yesterday closed let's do this a close 12 let's see 87.58 having hit 1289 27 so this is a whopper of a decline leg D look at that leg D from the 27th of July of last year 27 1273 89 was a peak D high goes to trough E at 970 that's a real big decline makes a new all-time high and then that's a leg D and now it's pretty much going to be a peak D and then look at the weekly chart I would say G-slash-A and I was going to say because it's the same analysis I've done for all the charts that have had this huge reversal from the December lows and then made a V-shaped recovery I was going to say I'm going to keep it as a G-slash-A everything about the move thus far is suggesting that even if it's an A there could be a pretty good pullback and then start a brand new move going into too early 2020 into much much higher highs but let's just leave it at that and I'm going to just say the same thing right now let's just leave it at that we don't have any position in a $1,182 stocks thank goodness we're just looking at it but this is good action on the Dow I must say think of any other time when a major stock like a Fang stock takes an 8-9% dive and the market says ho hum yawn I mean this I have to myth this is good action so far let's let me say the digestivates couldn't go on a little longer I was asked about the SMH's the SMH's up 97 cents 116.17 the key ones that I'm watching have pulled back but there was one that I saw when I was at the health center this morning go buy on the ticker I'm the only one that any of these places that ever tunes into the financial markets so what was it called what was it NXPI I see NXPI going by up 6 up 7 then I remember I remember seeing exactly the same thing 3 months ago when it was doing the same this is NXP semiconductor this is the Netherlands goes to a leg A B see this is leg D in the daily it's only AB up it's D in the weekly as well gaps up huge gaps up from yesterday's close at 90 this is amazing yesterday's closes at 102.86 it goes up to 107.70 earlier on during 104.86 still holding halfway into the week let me just do this so that we've got apples to apples so we've got that's good so we've got the daily in leg A peak A leg B peak B leg C peak C and now leg D gap up and you've got the weekly in A B C leg D very nice action and it's only in leg B in the monthly and I can't give it a buys I can say buy signal but it's not a buy mode yet so this is very good action that's really helping what did Intel do got it slammed the other day now it's up a little bit yeah it's up a full 14 cents at 51.25 so let's look at advanced micro devices so advanced micro devices comes out today with earnings now the stocks that have run up into earnings I know that you can't make a rule of this but some of them then gapped up off the rally but some of them ran up and then just pull back very sharply so I'm looking at this and I'm saying well I can get no information here other than to say peak E in the weekly a very good rally in the monthly in the monthly from the low that was made in December in the 16 area 1603 goes all the way to about 30 but the all-time high was this last high we're not all time the last I was 34 point 14 in September it's cut in half goes to 16 03 in December so this is a pretty good move so I'm looking at this and I'm saying advanced micro devices from the pure technicals I would say there could be some residual strength but it's priced to perfection if there's if there's any disappointment 25 is just coming right there within a two points down 8% book just like that but if there is a price in the upside that really is going to impact the SMH is and that SMH which is this particular point is showing at 160 02 making an arch formation let's say the technicals are not that strong but it is holding okay did gap down the other day one 20 71 was the last high all-time high actually on the 24th of April I'm watching this closely because if there is weakness which I got a feeling there's going to be weakness we'll see what happens the XLK which is the S&P select spider tech spot fund has not really done very much it actually didn't get blasted based on Google must be in there surely tech sector so it's holding very nicely it's down four cents a 78 54 watch this closely because within this context if there is a look the magnies just turned down so castings now at 80% this is really on the cusp it has to be is priced to perfection at least for this earnings around anything bad happens be careful so I thought I'd cover those things one thing I'm missing I did that I did that I did that I did that I did that I did that I W and I did know I why see I why see is the right there I why see is the ICUS consumers services each of its Amazon comcast disney home Depot Netflix McDonald's Walmart Starbucks all I did that I wanted to do it right now and this is very important because it recycle women to ABC see wow it's right at peak D as we speak right now it's a little extended, starting to get tired, still acting very well just down 66 to 217. This is the IYC, we're looking at it closely. I'll get back to you in a second. I want you to add a question about Costco. So I said I'll do Costco together with Target and Walmart. So peak Dean Costco trading at 244.24, down four cents, made a peak in the daily. Only a leg C in the weekly chart and I think it's getting right to the left side testing of, made a new all-time high. I'm calling this a leg G in the month. You've seen so many of these. I'm going to have to do a lot of work to find out whether I'm calling this a G stash C. I think it's going to be a C more than a G. But look at this, Costco holding very well. Has to hold 241 in the next two weeks as if it goes under there, it starts a consolidation that'll impact the weekly as well. Walmart, Walmart, WMT trading at 102 up 43 cents has the same thing, peak D in the daily. Hasn't made a new recovery high in the weekly chart and it's kind of working real hard. And look at Target. Target had a gap down after a peak D in the daily. You know what? I'm going to show you something interesting when we get back real, look at Amazon, I'll be back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastery Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to tfn.com and click the newsletters button near the top of the page. tfn.com, educating investors. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter, and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today, our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primal edge daily nutrition. It includes a special blend of ionics, oil-based vitamins, minerals, fatty, and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They have been called miracle molecules because like sunlight, air, and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge, formulated and approved by Niko and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of tfn.com. Hi, folks, this is Steve Rhodes. Stay tuned for another great hour of The Trader's Edge, heard here at tfn.com. Hi, everyone, we're back. And let me just fix a little bit of problem. I got you a close. There it is. Oh no, that was a mistake. Let's get out of that. Get rid of it, get rid of it. Delete, remove. Okay, so what we're looking at, oh, I made a big change. I should never have done that. Done. All right, so the IYR is holding quite nicely. What we were looking at is Amazon, that was during the break. I was just doing that and that messed me up here because I did something I shouldn't have done. I'm gonna have to go back, make some changes. No, no, no. Amazon trading at 1924 down 14. Have you made a leg E and a possible peak E yesterday? And I'd be a little careful here. There are just so many Ds and E's unfolding. I think that we in for a little bit of a consolidation. We've started already. 1956.34, that was a very good year. I must have been 56, I don't know. And we're looking at on the 29th, it does that. Just pulled back a little bit today on the nine period exponential moving average. But I'm looking at this as a leg D in the weekly chart. This is kind of where other things can happen. Remember the Chapman wave? Leg D is where we look for other things to happen. So just be real careful now. What am I going to do about that particular issue I had a problem with before? All right, well, let's keep going. We're looking at, so Costco, I think Amazon has really impacted these other stocks a lot. I will talk a little bit more about it, what it means and what's gonna happen. Let's see what the close is like today. It's very important to see where we close the last day of the year. There is some buying coming in in the month and see if there's beginning of the month in May. We'll look for that as well. Meantime, back at the ranch, just remember that we're looking at a kind of a rotational correction going on here. Massive pullback in Google, but the others are holding well. Intersector, we're looking at some of the semiconductors just getting hammered and then others have been holding quite nicely. So advanced micro devices tonight is gonna be very important. We're gonna have a lot more tomorrow. I'll be back with Tom a little later on today. Meantime, we're looking at some of the positions we have in my opening call. They're still holding very nicely. I like that. That's gonna be very important. Going into the first week of May because these are looking at the bigger picture. So we'll be looking at that very closely. Hey, thanks for being here. Have a wonderful day. Otherwise, I'll see you a little later on with Tom. Check out my opening call. Otherwise, I'll see you tomorrow. Have a great day.