Hi, my name is Liam Rowe, Covenancy Trader and Trading Coach at Trading180.com and welcome to this week's Supply and Demand Forest Technical Analysis. If you're new, welcome. And if you're returning, welcome back. I do hope that you had a great trading week last week. If you didn't, don't worry. It's okay. It's only one week out of 52. We can always make that back as long as you're managing your risk and going for more than you risk. Again, if you are new, if you look in the description box below you'll find all the currency pairs with chart analysis and links in the description box. And yeah, let's get into the fundamental for this week. So in a week ahead we have the US publishing inflation, the inflation rate data, which is going to be very important, extremely important. And so the preliminary readings of the Michigan Assuming Sentiment retail sales, industrial production, durable goods orders, new home sales and producer prices. So a lot of news for the US, but the main, I think the main thing is really inflation rate because that really decides monetary policy from the Federal Reserve elsewhere. Important releases include UK Monthly GDP. That's another, I'm going to be another important one, China industrial output and retail sales in Japan, Japan interest rate decision. Another important one they're probably expected to hold. But in case there are any shocks then yeah, that will be a major move. Investors will also wait the UK parliamentary vote on Brexit agreement. That's going to be another probably a big announcement as well. I can't remember what date that is, maybe on Tuesday. But that's going to be another big thing. And that will really drive probably sentiment with regards to the pound, not necessarily fundamentals, but definitely sentiment. So with those fundamental and sentiment releases this week, we can now go to the price charts. And if you're unsure on fundamentals, then I have a fundamental analysis course that you can go to again, links in the description box below. And pretty much I break down what fundamental analysis is and the main, I suppose macroeconomic data that you really need to look at and what Forex really is driven by. And I also have a fundamental analysis spreadsheet. Click on that link. It takes you to here and it will give you what my personal opinion is on based on fundamental analysis, which direction I'm really trading. So I'm bullish on the dollar, neutral, slight bearish on the euro, which means I'm going to be selling the euro, dollar, pair, et cetera, et cetera, scroll across and you'll see my ratings and ratings are just basically varying degrees of, you know, I think a strength and weakness. These are the sources, resources I should say, and sentiment analysis resource. And when it was last updated, which is today, night of March. So with that all out the way, let's get into the analysis. So Dow Jones, dollar index, right? And this is a measure of really Dow Jones strength, say Dow Jones, dollar index strength. And against the major currency, so like the pound, the yen and the euro and last week what we had was prices let's zoom in a little bit. We had prices come up into this area. I mean, I wasn't particularly convinced that this supply zone was going to hold. I'm a buyer of the dollar. So I was really waiting for, you know, if any kind of demand zones and then we don't trade the Dow Jones, dollar index, we just look for confirming price action if we're trading any kind of dollar trades. If we see some bullishness on this index, then we know that we should have overall dollar strength on our dollar crosses. So what happened is what happened last week Sunday and in the five days since we've just seen, you know, dollar strength go through this supply zone and really up into another supply zone which is here and we can see what prices have reacted. Probably going to pause for now until the interest rate, say interest rate, but the inflation decision this week and also obviously with Brexit as well. But depending on the macroeconomic data, if we do get good inflation, a decent inflation or above what we are right now, which I think is 1.6, then you're probably going to see, you know, the dollar index increase in strength, which then means that the dollar pairs should also increase in strength and value. So again, let's look at the chart right now on the Dow Jones dollar index. So we've come up into this zone here. Alright, I'm going to probably get rid of that level there and that level there. I'm going to say that level, I'm talking about the support and resistance zones no longer needed, no longer required. There is a bit of potential resistance right here. If we go back it's not necessarily the strongest even though there was last time it kind of held was around this area here. So you had a big rejection, bit of a rejection, then in between it's kind of held slightly, but then again we've rejected off here again. So I'll keep it here for now and then you've got a level just above that and then you've probably got the, if you zoom out you've got a high level, this whole supply zone right here. So the significance of that really is because we want to keep an eye on what other traders are trading. So not everyone trades supply and demand, trade support and resistance. So if traders are entering new trades, not necessarily the Dow Jones dollar index but what it might be, but we're in the supply zone and so you need the confluence of support and resistance traders also entering here which should add to the supply equation. Not saying that it will go down but that's pretty much what we look for. If you're looking to be, so if you're looking to be a seller with a dollar you're looking for some bearish price action on the Dow Jones dollar index before looking to get short. If you're looking to get long then you're probably looking at this area here as an area, it's a demand zone to look to get long. You've also got this area here of support and resistance here. You've got maybe on the top end, probably something like that which again you've got support, support, bit support, resistance, support here. So if prices do come down to this area here and then start to look in some bullish price action, look for bullishness on the pair that you want to trade and the same thing down here. So again just depends on what we see this week with the dollar releases so now moving on to the dollar yen and the dollar yen this week, I'll say last week we did have prices kind of break past this demand zone. It was a previous supply zone and I say it was waiting for prices to really kind of pull back into any kind of demand zone where you have again support, horizontal and diagonal prices have pulled back into this demand zone. Obviously broke through the diagonal support but come down really kind of held here so far. This being a bit of resistance support. We know that demand areas are value so we just need that confidence. So with this being seen, what do we see on the price charts as far as new supply and demand? Well nothing really. I wouldn't say anything really and maybe you want to put something here but with regards to any trade ups you go down into the lower time frame whatever time frame you do trade and then maybe look for some sort of buy trade at the moment. If not then here's going to be really the next level that you're looking for for buying the US dollar. If you're looking to sell the US dollar we do have some supply in this area right here and it's your supply zone. Now is that the strongest area of supply or is that profit taking potentially I think it's just profit taking we don't know for sure let me get rid of this diagonal support trend line. But we don't know for sure whether this is just profit taking or if this is an actual reversal. So I think this week what you'd be looking for if you think that the Japanese yen is going to increase in strength and the dollar is going to get weaker and let's say we push up this week before the inflation release and then the inflation release comes out worse way worse than expected then you're probably looking at a sell trade if prices have come up into the supply zone before the fact if obviously prices don't do anything like that and it continues to go lower then you'll be looking for a pullback into any kind of created supply zones. So for now it's pretty much I would say just a wait and see approach on the dollar right we also have potential Japanese yen strength and this is due to risk off sentiment with the trade wars going on China's economic slow down potentially bregs it as well so money could be flowing into the risk off safe haven currencies like the yen and the Swiss franc. But I think that's about it for supply and demand zones on this currency pair so now looking at the next currency pair which dollar Swiss dollar Swiss this week we had prices bounce off of this demand zone here and then continue to make their way higher. So we took out this supply zone here obviously dollar strength coinciding with the US Dow Jones index strength that you saw this week as well so let's go back to charts so we can delete this and not going to delete this level for now what I am going to do though is put on another demand zone because we do have demand that's taken out some supply very much new highs so this is going to be one of the strongest areas of demand and really the next area at the moment that I'll be looking to potentially buy from so if you are looking to get short at the moment this is a brilliant area to probably look to establish some short positions ahead of what is going on this week so if you believe that the Swiss franc is going to gain in strength and gain in value against the US dollar then now really is the time to look for short trades on a lower time frame if you are waiting for long trades then you will be waiting for a pullback into the top end of this demand zone or this area here this 0.993 area so around parity which is the one area right here you can see you got support resistance on top of this demand zone right here so those are pretty much it areas really for this week and again depending on what happens with you know fundamentally you also got bit of a trend line confluence potentially within that zone right there so again depending on what happens you also got some extra confluence going on in this area for your buy trade now looking at the dollar CAD and dollar CAD last week we had this big you know bullish candle and this was really due to the Canadian dollar I think the GDP coming out you know way below expected and obviously the dollar being the dominant currency only one thing really was going to happen now from a supply zone perspective obviously there wasn't a really value for the Canadian dollar at this price level or at this price level you know prices pretty much you know went straight through so looking at a price chart we can delete this area now excuse me let's get rid of this get rid of that level there as well so what we have at the moment is strong demand now we have really no supply at the moment or there is obviously supply here but it's not a strong area of supply at all we don't know what's going to happen this week if prices are going to continue to go higher so we now we're in a situation where we have to kind of wait for prices to create either strong supply right or if prices are going to continue to go higher then this creates a nice demand zone for us to get long and again if we don't get any demand within this area then we'd have to wait for prices to really come back down all the way down into this demand zone before looking at buy trades or there's another option let's me just go back to this or what you would be looking for is something like this where you see maybe some supply and then you see break higher and then you're going to see prices come back into this demand zone before looking at long so that's how really demand is created and these are the options that I do you know look for on this currency pair so again if you're looking for probably a sell trade now definitely isn't the right time in my opinion this would be the area would be the best area because you can see that we have definitely strong supply in this area so again if you're buying Canadian dollar you have to believe that the Canadian dollar is going to increase in strength or the US dollar is definitely going to get a lot weaker is this a bargain area for the Canadian dollar so this chart hasn't really changed much and we have to wait for prices to really kind of create and confirm what it is that we need to see so moving on now to the New Zealand dollar US dollar so last week we had prices come down into this demand zone and I was saying that if this is really the area here this would be the area this 0.678 to 0.675 area would be looking for potentially you know some sort of reversal if you're looking to buy the New Zealand dollar against the US dollar as we can see prices did manage to put in a bullish candle and that is just a reversal who knows again you have to do your fundamental analysis and understand why the New Zealand dollar is going to get stronger or the US dollar is going to potentially get weaker now we could see obviously some weakness from the inflation reports and other macroeconomic data from the US dollar which would then confirm probably prices going to the outside so let's look at any new demand zones what I'm going to do is because it's actually touched and pierced this bottom demand zone just to clear up the chart a bit I'll delete that I'll also delete this as well so we've touched the bottom of that demand zone and now we're into potential reversal territory if it comes to buying the New Zealand dollar you do have a supply zone right here as well as you made lower lows and a lower high so if you are looking to get short here we go supply zone if you are looking to get short potentially on news then this is going to be the area and again just zoom down into you know a lower time frame so down to my trading time frame is the 4 hour so you be looking for any kind of sell trades and try to trade it down to the low depending on your risk rewards again if you're looking to buy this is going to be your next buy zone around this 0.671 area but just keep in mind that you have touched this area once twice already this is a lower probability type trade but you do have this area of horizontal support diagonal support but you also had it touched created once twice and it's probably going to be the third time as well so from a technical perspective this isn't necessarily the greatest area prices have touched several times here we always want to be buyers of fresh areas of supply and demand right and zones so this would be for example the fresh areas the first touch of the supply zone is what I would call fresh area because we haven't touched it before so this would be probably a sell trade if you were looking at getting short but compared to you know this demand zone which isn't really that fresh doesn't mean that it won't work out but if I am looking to buy this currency pair then it would probably be down into this zone right here this would be more of a fresher area of demand as it hasn't been touched so again if prices do appears through here you would be looking at if we have touched this area once twice this would be the third time I would probably be looking for any kind of area above these touches so somewhere like there around this 0.693 level and above so moving on to the pound dollar now the pound dollar we've sold off a little bit so last week there was you know the area to look to potentially look for short trades and if anyone did I am actually in this trade from up here you know pretty much we are just looking to hold the trade down to really you know probably demand zones or even further depending on what happens with the British vote and also British GDP and obviously dollar data so this week you can see prices you know have really sold off down into this demand zone so if you are looking at the new chart and I am going to get rid of this one is potentially a buy the British pound and it would really be based on sentiment and again it could be based on GDP I don't really expect British UK GDP to really excel as far as be spectacular simply because of the lead up to Brexit what businesses are investing in you know Britain and the UK in lead up to Brexit you know you wouldn't that wouldn't be necessarily the smartest play you know you've seen companies look to I think it's like I think car manufacturers I think maybe something like I think it was Nissan or Honda or something like that we are talking about they are not you know building new plants in the UK not saying it was because of Brexit but you know basically they are not doing it and a lot of other companies have decided to hold fire on investing in the UK because of the uncertainty so I really don't expect the British GDP to come out you know any kind of spectacular numbers in fact I probably expected it to get worse now would it happen we don't know my expectations are my expectations but I am not trying to necessarily predict you know what is going to happen but just my expectations is that so we do get a shock GDP and we get you know the basically the vote and the deal you know to be some deal passes parliament then you could get some you know bullish price action with the British pound to the upside if you're looking to you know get short then you'd be looking at again a move up into this supply zone here before looking to get short if you're looking for prices to probably come up into this area again we've touched this zone probably once twice already so anything below here isn't necessarily the greatest I would probably look for again anything a bit higher then or around this area here this 1.331 area and higher before looking to potentially get short and again if you're looking to buy the pound then this level doesn't hold then this will be your next level to look for buy trades moving on to the euro dollar and the euro dollar this week we've pretty much had a bit of a collapse in you strong language but prices have you know come down and now we're getting we're bouncing really off of this lower demand zone and again just to prove the point that the more times the level of demand or a level of supply is touched the weaker it becomes you know you touch once twice three times this wouldn't quite have to be a third time but it definitely touched the second time alright and then we've kind of broke through again this is a euro sentiment isn't isn't great at the moment they're not doing too well Germany slowing down Italy in recession which is probably being you know kept out of the paper at the moment the papers so let's go to the euro dollar this level delete that delete this demand zone and that is that a supply zone no delete this here so this demand zone here is from long term we've had you know support support resistance support support and then demand you know the last demand bearish candle before prices make a new high is right there in fact what I'm going to do is I'm going to drag this demand zone down to here and then I'm going to add another one right here all this area really is an area of past demand but this is from May 2017 so how strong this is is anybody's guess but we are bouncing off that and there will be traders looking at that level anyway from a value perspective now we could have again due to dollar weakness this could be a great place to buy so you're really buying you know at a bargain area potentially for the euro if the dollar does disappoint this week so you've got plenty of space to the upside to really get if you haven't got in already to get some pips so the next supply zone to really take it to would be right there if you are looking to you know buy on a lower time frame you'll probably be looking at a bit of a pullback before you know looking at any kind of long trades if you are looking to sell which I am I'll be looking for price to come all the way back up to here or for something like this this is what I'll be looking for I'll be looking for a move up then a move down then a move back up into what would be known as you know supply we could look for a basic a move just go straight down and then back up into this area of supply so that's what I'll be looking for this week if I'm looking to buy the dollar either up here or if a new area of supply is created again if you're looking for any kind of demand and buying the euro then now's pretty much the time to look for some entries now we have the euro yen and the euro yen this week we did I did keep this on here this I was going to keep this level of supply on here as it hadn't broken and you can see you know that we did have a bit of a set off and now this is some strong supply in this area here assuming a little bit yeah so there's a reason why I kept this on now you can see the reaction here and we've taken out some demand so let's go to the charts now what we have is we can delete that demand as there was no demand there so the yen has gained in strength due to probably some risk sentiment let's move this over there was some risk sentiment going on in the market and I want to move this supply zone here so potentially we could have buying opportunity if you're looking to buy the euro but remember we could potentially be entering into a risk off environment so risk off meaning the yen strengthens if the yen is strengthening you don't really want to be buying the euro also with the uncertainties around Brexit is the euro really a buy so what you need to do is probably if you're looking to buy the Japanese yen is wait for some sort of pullback into a supply zone before looking to get short if you are looking again to buy the euro these are really your areas do you have anything within that large demand zone we do probably something like this where you have support bit of support if you zoom in in this area bit of support and resistance here and here and then here again so this 1.22 level would be the next area if prices do fell here in order to look for some long positions now moving on to the Australian dollar US dollar and again what we had last week was a bit of buying and then the US dollar increased in strength and then we now have a bit of I suppose demand for the Australian dollar let's go to the charts let's have a look so we can delete this demand zone if you are now a buyer of the Australian dollar probably now is going to be a decent time to look for some buy trades but keep in mind that you have an area of supply again you have to believe that the Australian dollar is going to get stronger the US dollar or the US dollar is definitely going to get weaker at some point and this may be again the week that you can anticipate the dollar getting weaker if we don't have inflation it's below the 1.6 reading so you could see prices move to the upside on this currency pair if not and prices continue to move down then these are really your areas within this wider demand zone if you are looking to sell again your first area to look for short trades is going to be here if not it's going to be somewhere around these areas of supply and finally we're looking at the Australian dollar Japanese yen is really a measure of risk sentiment the yen being risk off if the yen is strengthening then we have risk off if the Australian dollar is strengthening then we have usually risk on so this week we've seen a bit of a sell off not really anything drastic to be fair it's kind of just drifted down into this demand zone in a bit of a range between this high and this low so here's where the range has probably started from and we have what is known as a bargain level for the dollar and the supply is a bargain level potential bargain level for the Japanese yen and prices really been contained between the 79 and 84 level and really down to this demand zone now what is going to push prices either out of here or beyond here again is probably risk off or risk on sentiment coming into the market this week or into the next coming weeks if you are looking to buy the Australian dollar now is an opportunity but just look to the left and see how many times that level starts I'd probably be looking to buy into this lower area it's a fresher area not that fresh to be fair but it's the 77.2 level hasn't been touched so that would be the area I'd be looking to look for any kind of buying trades with risk on for a risk off sentiment we're looking at prices you know coming up to here but again this area has been touched once twice already a few times so you really have to have risk off sentiment if prices do come up into this area before looking at a sell trade because at some point this prices will go into price discovery you just have to wait for a fundamental or a sentiment trigger so with that being said brings us to the end of this week's analysis I really do hope that you've enjoyed it if you do have any questions please email me at infoatrading18.com and hope you have a great trading week don't forget to like subscribe and share with other fellow colleagues it really helps and I hope you have a great trading week take care


My name is Miss Shayna and I'm a children's librarian here at the Long Beach Public Library. Today we're going to be learning how to make paper window stars. These are really fun to make. They cost very little and they're such a beautiful item to hang in your window during the summer to let the light shine through and brighten up your home. Speaking of summer, if you haven't signed up for the summer reading program yet, you've got to go to longbeach.beanstack.org to start earning prizes for all the reading that you're already doing this summer. And if you already are signed up, please make sure you get credit for joining us today by entering the code summer into your activities tab on your Beanstack account. Let's go ahead and get started. What you're going to need for this craft is tissue paper cut into six inch squares. I'm using kite paper, which is used to make paper kites. You can find this online in a nice little stack. It can be a little pricey though, so tissue paper gift wrap is a perfect substitute for it. The color just might not last as long when it's hanging in the window. But yes, I'm using kite paper. You can use whatever colors you like. And I'm going to be using colors that look like the sun for summertime. And you'll need two. So you'll need two squares that are six inches by six inches. Then you will need some tape, a glue stick, and some scissors. Let's go ahead and start. Okay, so first we're going to take one of your paper squares and we're going to fold our cutting lines onto this square. So first we're going to fold it in half once, then we're going to fold it in half this way. It looks like a square again. We're going to fold it in half one more time. So then we'll end up with eight individual rectangles that size. That was my other piece. Then we're going to fold it in half edge to edge corner to corner. Then we're going to fold it again left to right. Then we'll fold it again left to right one more time. That nice little rectangle just like that. And when you unfold it, you have all those different rectangles, but I think it's a little bit easier to cut it while it's folded. So go ahead and grab your scissors. Okay, we're going to start cutting on the folded lines. So I'll cut right along that fold. So you'll see now you have eight rectangles in each color. And now we're going to start folding these. And what you're actually going to be doing is making two stars and putting them together. So I'll start with this color first. And here's how we're going to fold this little rectangle. You're going to start by folding it in half long ways, edge to edge corner to corner. Give it a crease. Then go ahead and unfold it. So you can see that crease in the middle. We're going to be using that crease as our guideline. So next we're going to take the top left corner and we're going to fold that down. So I'm using this finger on this side to hold that half.  So that we get a nice little point there. And I'm going to do the same thing on the other side. I'm going to take the corner, fold it down and diagonally towards the crease till it lines up. And then I'll fold it down with my finger.  And I'll do the same on the bottom. I'm going to take the bottom left corner and fold it up this time to your center crease. And the bottom right corner fold it up to your center crease so that you get this kind of diamond shape. And you're almost done. You need to do two more folds. We're going to go to the top here. We're going to take that left side and we're going to bring it down one more time to make an even narrower point on your star. So it's the left side. I'm going to do the same thing on the right side. I'm going to take this already folded edge and I'm going to fold it again to line up with that center crease once more. Try to get it as close as you can. And there you go. That is one complete portion of your window star. You don't have to tape or glue anything here unless you want to. But I find that you don't need to. So we're going to make 15 more of these points. There we have 16 points for our star. I want to separate them by color because we're actually going to be making two and then gluing them together. Okay. So we're going to take two points and make sure that the skinnier point is facing up and then we're going to be overlapping them and gluing them. So you want to make sure that this line here, this crease lines up with the center crease on this point. So I'm just going to overlap. I'm just going to lay it right on top of this one like that so that the points line up and the edges line up just like that. Okay. And then I can sort of see where I need to put glue. So I'm going to be putting glue in the area below my finger, but on this side of the crease, on the right side of the crease. So it's nice having this purple glue stick because you can see the glue before it dries. And you'll see that, you know, you don't want it to go on this side of the star. So a little bit of glue here on the right and then we're going to overlap this one just like that. And again, you're going to see the glue, which makes it look a little yucky right now, but once it's all dry, it'll be clear and won't notice it. So we're going to do that again eight times. I'm going to put a little bit of glue right here. I'm going to take my next point.  You don't need too much glue just a little bit. I like to take, since I want it to look the same, I take out this one from the bottom. So it overlaps this one. And I'm just going to put a little bit more glue on that last point and then put my first point over that one. So that's one completed star. Go ahead and do the next one. And that's it. Those are your two stars. Next, you will take one of your stars and overlap it over the other one. You can see which one you like best, but honestly, once they're up in your window and the light is shining through them, you won't really be able to tell which color is on top. Okay, so I'm going to line them up like this first. And then I'm just going to turn the one on top a couple of degrees there. And then I'm going to put some glue right here. I want it to be kind of where these points are in between the other points.  When the glue dries, it looks a little bit more like this. And next, you can put a little piece of tape. You probably want to use clear tape, not masking tape for this, but that's just what I had ready.  Put it on the back of your window star.  Go find a window in your house that's facing the sun and just stick it right in there. And I hope it brightens your home and makes you a little more cheerful this summer. Again, don't forget to enter your code summer at Beanstack. And happy summer reading. Thanks for joining us today.


So welcome again to this webinar today. Just talking quickly about the Dolly Yen and the reaction from the non-farm payrolls result. Saying that this was the non-farm payrolls reaction here, we've got a bounce off this longer term support that I was showing on the chart. Whoops. Basically, we've had the four touches on 124.50. We had a breakthrough the level. And then if we look down more detail on the one-hourly chart, we can see this was a non-farm payroll scandal where initially the numbers weren't as good as expected. So we saw a spike lower in the dollar. But people who then came to think that, well, actually, still probably a September rate hike is still on the table. So people came buying in dollars on the dip, got a rally off this pin bar from Wednesday on the day that we broke, and basically rallied straight back up to the peak and then just peated out there and undid all the gains again. And here we're close to we're chasing the losses. So it just goes to show the kind of choppy environment and the change in sentiment that we're seeing almost on a daily basis in terms of when the Federal Reserve actually might hike rates. Trust the, how is this sound? Are we getting sound at this point? OK, good stuff. So we've held this low so far in Dolly Yen. So the uptrend is still intact, but it's choppy. That's kind of where we are this week is that we're digesting the non-farm payroll result. We just had Stanley Fisher, the vice president at the Federal Reserve, speaking on Bloomberg TV. And piecing it all together, we basically don't know too much more than we did before the non-farm payroll result. It came in a bit lower than expectations. Basically, pretty neutral change from the previous month where we saw slight uptick in wages, but jobs created still about 200,215 precisely, but just slightly lower than the previous month and slightly lower than expectations. So we're not really seeing an acceleration in the US economy, I would suggest, more just consistent. Now it's just a matter of opinion whether it's consistent enough to justify the Fed hiking rates in September, or do they actually need to see improvement? So now we're just waiting for the September non-farm payrolls report, which will be the last one before they actually make a decision in September. This week, not so much in the way of economic data. We're coming into August. It's the quieter season, when a lot of the prominent market making bank traders are away on holiday. And so you tend to start getting these more choppy markets, which on a short term, can provide some pretty strong momentum moves, which provide some good opportunity. But in terms of longer term trends sustaining, it's not always that good. So you just have to be aware of the seasonality of what we're facing in the month of August. But we do have the prospect of this Fed rate hike coming, so that in itself should keep markets moving. I guess probably the couple of ones that I would highlight for this week would be the US retail sales and UK jobs data. You know, that's really some of the most prominent. Just in terms of, again, the economic data that the Fed is going to be looking at, the economic data the Bank of England is going to be looking at to decide on when to hike rates. So that being said, let's have a look over to the British Pound. Now, you can see this 157 has been the real trouble area. And just after several failures to close above it, we're now down in, we're kind of testing this breakout area from the 10th of July. My feeling is that probably just the multiple failures to get through here, when you have this kind of rising trend line, in a strong consistent trend, you would see a move up to at least a high, if not a slightly higher high, to keep a consistent channel. So when you see it touch the rising trend line and then roll over with what is essentially here a lower high and then test the rising trend line again, it's a sign of weakness and a suggestion that the trend line could break. It may not, but you just have to kind of be aware of the kind of weakness that this kind of action possibly ensues. And so my feeling is that there could still be some opportunities within this trading zone, within this kind of demand zone above this low. Because while we're above this low, we're still technically OK for an uptrend. But I'm not quite sure that'll even get back up to 157 again. We could roll over. So again, if we look at the weekly chart, for example, I think we're below the 200-week moving average, but most people follow the 200-day. And we're just about holding on to that at the moment. And you can see we are making higher highs and higher lows. So still, the bias should be to the upside in terms of the medium term trend. And so into that zone, it is still generally in line with the trend, but we've just got to be aware of the kind of strength of the trend and the possibility that we might see a deeper correction. Obviously, what this kind of bearish divergence here as well, where the price has made a new high, but the RSI has made a slightly lower high on these recent peaks. So that in itself could be a reason to see a breakthrough that 50 level and maybe take us down to this low, which you can see a bit more prominently on the weekly chart. So we're in a rising trend, but it's more of a choppy kind of sideways trend. And there's plenty of room for us just to break this trend line and just drop down and be just very much a sideways trend. So since we've found ourselves in currencies right now, let's have a look at the euro as well. There is European CPI. That's probably the next major data point for the euro. But it's probably going to be dollar focused in terms of whether euro actually ends up. We know the broad backdrop. We know that when there's still quantitative easing going on in the euro, that kind of does cap gains for the most part. And at the moment, we're just in this choppy trading range. And so you can see again here this kind of breakout area from the 21st of July is supported the price so far. And we're getting a bit of a bounce. So this is Fridays. And we can see that after initially losing out to the dollar, what we saw, the initial reaction in the dollar was weak. And we saw a surge in the dollar. And then the rest of the day, we saw the dollar drop off again. And that's where we can see a bit of a kind of reversal hammer type pattern coming in at this just before this previous low. So it's a bit of a side of strength there, but still within the kind of context of this declining trend line. And we saw a big reversal on the 31st of July. This is still probably a bias, I would say, to come down and test the low and possibly even break lower. But that will change if we get a move through this declining trend line. Generally speaking, we're in a range. So this 115 is the top. This sort of 108 is the bottom. So down towards 108, your better chances are removed back to 115. But I think this declining trend line would be the kind of, that would be the trigger, I think, this sort of momentum change to move to the top of the range. Also keep an eye on this 50 level in the RSI. That appears to be resistance. And we've seen a bit of a move from this low to make a higher low. So some indication there there's been a change of momentum. Suppose you have a fundamental driver to talk about. Partly responsible for what's going on in equity markets today in terms of the higher open is the Chinese data. Now the most important data, I would argue, is probably the trade data. And we saw a massive drop in exports and imports from China. You might think that was bad, but now we're back into this state where bad data is good just because it may lean on the people's bank of China, the central bank of China to actually cut interest rates or cut reserve requirements of banks and basically ease monetary policy. And so that potentially is a good thing for the Chinese stock market. So Chinese stocks closed almost 5% higher today. That's one of the best moves in a month. And so European markets are sort of following in that just about as our US markets. So let's have a look at the UK 100. This has been one of the big exceptions. Again, for this similar sort of Chinese theme, but it hasn't been following the Chinese equity market higher, the mining stocks have been dragging the index lower for the most part, as well as the supermarkets. You may have seen an article on the front of Citi AM just alluding to the idea that some prices are falling at supermarkets and that's just cutting into there. They're profits and revenues. So it's a difficult time for the sector. Supermarkets are down and miners are down just because of the commodity drive and demand coming from China. So this is what we highlighted last week, because again, this sort of break down area from the previous peak. And even though it looks like we're putting in a bit of a base on the 6500 level, just the sort of choppy sideways markets that we're in, there was a good chance of a kind of sell-off from there. So I did mention in and around Friday, I believe that just given that we were at that RSI resistance, 6500 basically a base, but it was a good chance of a sell-off before 6800, and we're getting that sell-off today. Now, it may just run out steam down towards this low from Monday, because we have had a, you know, there was a higher high, there was a higher low.  That'll probably be the defining point as to whether this is just drawn a drop-down to maybe this rising trend line, but it's only got a couple of touches. It's not that reliable, but watch out for any reversal in that area. Probably just a move down to 6500 again. It may be just another move higher from there. Again, just with the idea that we're not really in a trend right now, we're in sideways markets. A few notable UK companies reporting earnings this week. Labrooks, for example, Tamayo. But it's going to be a mixture of earnings performance and international drivers and belief in monetary policy. You know, these are the drivers of the market, and we have to follow which one is being followed more closely when we're in and around what we're doing to be an important price level. Let's have a look at the Germany 30 here. You're probably going to start noticing some correlations here if you haven't already. As you know, again, moving up towards that previous peak where we had made a high high, it had quite a sell-off and back up to the high again. But it looks like maybe we're going to have another run-down, maybe even a sort of break, but then maybe a correction down to the low. Maybe a little push below the low down to the 200-day moving average, then off again. Again, it's just not the most. We needed to push through that high to see a strong trend emerge, and we haven't got that yet. It still can. And you can't see it too well on the daily chart, but a level before we get down to the low, I would say perhaps is these two peaks here where we had quite a strong breakout in the short term. Could look at those lows, but I still tend to think that within a we've actually had quite a strong reaction off these peaks already, but I'm not sure that will quite do it. And so different levels to consider always is this consolidation was the most recent area. So obviously, that brings you more chance of getting into a trend, the higher the level you buy in it. But in terms of risk reward, having your stops beneath lows, be at this low down here, or be more aggressively at one of these higher lows, you're buying lower down for a run back at the high, or to make new highs, just the risk rewards more in your favor, but just less likelihood of getting a trade triggered. So I think you're picking up the general theme here is that some of the currencies, some of the equities are pretty range bound. And so you've got to distinguish your trading strategy accordingly, even if you're trading on shorter time friends and I'm referencing, be aware, and maybe you're trading trends on the shorter time friends, be aware that those trends have quite a good chance of getting capped out at these range highs that we're talking about on the daily chart. I believe it was the S&P that I updated today. So let's just have a look at that. You know, pretty similar picture with the S&P. The S&P is looking a bit stronger than the Dow, actually. And so what I referenced today is that, so here's our range. You know, I chose one of the sort of lower peaks, one of the higher peaks to kind of define a sort of zone. You know, same thing down here, chose this peak, but then also this recent one here, as a sort of general, rather than just drawing one individual line, sort of more of a zone. And just noting that for us really to have broken out of this range ideally, after that strong breakout, we want to come back down, and there's the previous peak, we want to bounce off there, but we didn't. We went right the way down to the 200-day moving average. We came up, made a lower peak, and now we're right down, back to the lows again. So to me, that sort of action suggests that probably we're heading back down to the bottom of the range again, which would make sense. So the last time we topped the top of the range, so if we're still in range-bound conditions, the next one theoretically to touch is the bottom of the range. It doesn't always work like that, look at this. This was another example of where people were looking, buying in around these previous lows, hoping for the break, but it's never happened. And the more this goes on, the more people are going to lose faith in the break actually happening, and we could see a break to the downside. But keep in mind the long-term trend, of course, in equities is higher, so never a good idea to get too bearish. Quickly look at the US 30 just for a basic comparison. Oh, well, I'm pretty sure. So here you can see a low of the 200 day in the US 30 and making lower lows and lower highs, looking a bit weaker, but got quite a decent rebound off of this highlighted low here. Didn't quite get there, but I think that was probably the... I mean, I had this line on the chart previously, and that's in and around, you know, that's the round number of 17,300 fountains and buyers. But the trend is sideways on the bigger scale, and the kind of shorter scale is still down. Now, an area where... So we talked about the fact there's just pretty sideways markets in equities and FX, and some of the FX at least, the major FX. But actually an area where there's been some good trends pretty much to the downside is commodities. So all being the obvious one, what did I update today? I believe it was WTI, oh my God, yeah. So this is a short-term four-hour chart, you know, well below even the four-hour 200, you know, the 200 period moving average on the four-hour, but, you know, well below the 200 day. Now, chance of a bit of a, you know, again, I've used this low, which was kind of a major low that we formed after the big sell-off going into January. We came back low, we made it slightly, you know, lower low, but only just, they came back, and now we're in this kind of consolidation period. So that was actually almost more significant than this one. And so I've done that at the zone, and that's kind of where we're bouncing off at the moment. Comes in on, I think it's 43, 40. So that's just something to bear in mind, and it is, it is seeing a bit of a bounce at the moment, but so far, you know, it's just a very kind of weak bounce to the same extent as these, where we get to move back into the previous lows and then roll over. So here's the low, break the low, retest down. Here's the low, retest down. And so we're kind of looking for the same thing again, but we haven't moved that much further down, we're in this potential longer term support. So if we get above here, and we get above this trend line, which I've connected these first two peaks, we've got to move above here, but then it worked again here. I've got this trend line. So I think that would be a little trigger to show that actually maybe some buyers are coming into the market. Incidentally, there was some CFTC data on hedge funds, you know, speculators, who actually have added to net longs in oil, which is maybe not such a bad play with coming into these, you know, the previous multi-year lows. There's this dome that we're talking about. So hedge funds getting a bit bullish. They're not always right, but it's just maybe an extra piece of information to determine whether this pretty hard, hardcore short-term trend is gonna sustain or not. So could be in for reversal, but at the moment, no, go with the trend. Silver also has been cratering, but again, some signs that I've highlighted over the past few days, that maybe we're starting to put in a bit of a bottom, because here is that spike low. We've actually not, whereas gold did put in new multi-year lows, five-year lows, Silver did not, and it's held just above this spike from December. I'm putting in a kind of small double bottom pattern at the moment, so, you know, kids, you know, these kind of things happen all the time. But if we do get a move and a close above this declining trend line and above 15, I think that adds weight to the idea that we could get a pushback to 16 and maybe just back into the trading range again. So maybe even a move back up to, you know, these previous peaks. So it gives strong downtrends in commodities, but be aware there is a slight setup for reversal going on. Gold, yeah, I mean, this is a really obvious triangle pattern that I think anyone that has a chart opening gold will be seeing in a moment. And so when things are this obvious, you know, you've got to think, the way I tend to think is that, you know, what is a move in the market that would cause the most amount of pain to investors in the market? And so I think what we could well see here is that we get a spike one way, and then it just rolls over and goes the other way. So I'm not, I can't say which way that's going to go, but I'm going to be a bit fearful on the first break. I think if you get a close on the day, after some strong break, then maybe you're safe to go with that move, but there's a good chance of a reversal, particularly if it, you know, within this, within an intraday. So a big spike up to one, you know, to one 10 within the day, could within the course of the day, just come back down into the range again and maybe set up for a break lower. So be cautious of the breakouts. We've got this rising RSI trend line, which to me suggests slightly more likelihood of a top side breakout, but it will actually give us a bit of extra information. If we get a break at that line and then a retest, maybe before the bottom rising trend line in the chart breaks out, then that will give us an indication actually, no, things have switched to the downside if that breaks. Got a question on wheat, so do you have that set up here? A bit messy with these trends. Have not checked the fundamentals on wheat, I'll be honest with you, but in terms of the chart, we've broken through this rising trend line, but we have held this previous low. So definitely a good sort of low, deep value to be buying into what is still basically a sideways market, excuse me, but certainly the better value would be down near the lows. Here is a, when you pull out to this longer-term chart, it's a little bit in the middle of nowhere, but we've had a few lows in this area. You could say here, here, and here's a three, so it would make some sense to see a rebound for this area. And so if I had a bias, it would probably be longer rather than the short going against the recent momentum, just with the idea that we're not really, you know, we're below the 200-week moving average, but the 200-day is not telling us too much, it's in the middle. So looking out to that longer timeframe, you can argue the bias is slightly down, so you have to be aware of that, but I think maybe we're about to undo some of the short-term momentum, it looks like it's slowing up a bit. So looking at these lows, now we've obviously found some support here, we've pushed back just above this rising trend line again, so maybe we're looking at a false break-lower and a push-higher. So essential long here, but you know, the lower risk I suppose, or better risk or reward I should say, is probably down in the 460s. Hope that helps. So I'm not seeing any other questions or any other markets to be looked at here, so I think we're probably going to wrap it up. Thank you very much for attending. Good luck for trading this week. Talk to you next week. Jasper Law's signing out.


from the SiliconANGLE Media office in Boston, Massachusetts. It's theCUBE. Now, here's your host, Stu Miniman. I'm Stu Miniman, and this is theCUBE's Boston area studio. We're talking about storage and SDI solutions, but before we get into SDI and all the industry buzzwords, we're going to talk a little bit about some of the real business drivers. And joining me for this segment, happy to welcome back Randy Arseneaux and Steve Kenniston. Gentlemen, great to see you. Thanks for being here, Stu. Thanks, Stu. Great to be here. Thank you. All right, so we've been talking about transformation. Customers are going through transformation. IBM's going through transformation. Everything's going in some kind of journey. But let's talk about, you know, used to be IT sat on the side. Randy, we talked about in the intro, you know, IT and the business, you know, wait, they actually need to talk, communicate, work together. What are some of the key drivers that you're here with your customers? So it's a good question. We talked a little bit about it in the previous segment, but I think what's really happening now is that a lot of the terms that our industry has kind of overused and commoditized have sort of become devalued, right? So they no longer really mean anything significant. Terms like agility and flexibility and IT business alignment and transformation, which we hear a million times every day, they've become just kind of background noise. But the reality is, especially now, in this era where, you know, information and data and analytics are driving businesses and they're no longer, you know, nice things to have for the super advanced, very sophisticated companies, they're table stakes. I mean, they're needed to survive in today's economy, global economy. So they've taken on a whole different meaning. So when we talk about agility, for instance, agility means something very specific in the context of IT business alignment and our solution stacks in particular. Generally speaking, kind of the way I like to think of it is I overuse sports analogies, but I think this one's relevant. So a good quarterback is able to read and react. So as the defense is shifting and, you know, making pre-snap adjustments, the quarterback views the field, sees what's happening and is able to very quickly develop or institute a new offensive play to take advantage of that situation. So that whole read and react idea is something that's very important for a business, especially now. So businesses are under constant pressure, competitive pressure, market pressure, compliance pressure to be able to exploit their own IP and their own data and their own information very, very quickly. So that's number one. By using things like integration and automation within their IT organization, as opposed to the old, you know, kind of vertical method of doing things, IT organizations are now able to respond to those rapid course corrections much more effectively. Same thing with flexibility. So when an organization needs to be flexible or wants to be flexible, to adapt to a very rapidly changing environment, things like, and this is really where Steve's product line is particularly relevant, things like data reuse, right? So we've got organizations that are running their business on this data, which is their most important asset. We're helping them develop new and creative ways to repurpose that data efficiently, quickly, cost-effectively so they can expand the value. So any given piece of data can now have a multiplicative value compared to its original form. Yeah, I think it's actually pretty important when we think about, we're out there talking about products, right? And a lot of vendors do this, right? Buy my product because you'll get agility or you'll get flexibility or that sort of thing, or maybe even more importantly, and a lot of the enablement we use to educate people on will say, you know, this product enables data reuse. Well, what does that really mean, right? What does that mean for the business, right? And when you say, okay, well, it makes the business more agile, well, how do you do that? Then it encompasses a whole breadth of solution sets around making that data available for the user, things like software to find stores, things like particular technologies that can do data reuse. So it kind of boils itself down in a stack, but to Randy's point, it's been so commoditized, the words that we don't really understand what they mean. And I think part of what we're trying to do is make sure when we talk agility, flexibility, or even our three patterns that we talked about, modernize and transform, what do they mean to us? What do they mean to you, the user? What do they mean? Because that's very important to connect those to. Yeah, and I love, because for a while we used to say, it used to be, well, do I get it faster, better, or cheaper, or maybe I can give you some combination? And there are certain customers you talk to is like, look, if you can just go faster, faster, faster, that's what I need. But it's not speed alone, like the differentiation for things like agility is, number one, we are all horrible at predicting. It's like, okay, I'm gonna buy this, I'm gonna use this for the next three to five years, and six months into it, I either greatly over underestimated or everything changed, we made an acquisition, competition came in, I need to be able to adjust to that. So that was, I love the sports analogy, we love sports analogies on the field. So that, if I planned for, this was the plan of the attack, and what do you know? They traded for a player the day before or their star quarterback went down and the backup, who I didn't train against, all of a sudden their offense is different and we get torn apart because we didn't plan, we couldn't react to it. You run back at halftime and try to adjust, but you need to be able to change. And again, I think another, from my perspective, from an IT business alignment, another metaphor that works well is kind of what I call the DevOpsification of business. So what's happening now, and it's interesting, I think, is that you're seeing some of the practices around DevOps and agile development, which by the way IBM uses for our own products, you're seeing that push upstream to the business. So the business is actually adopting DevOps-like methodologies for prototyping, testing hypotheses, you're doing interesting things that kind of grew out of that world. So if you think about, even 10 years ago, that would have been kind of unimaginable. You would always have the business applying pressure and projecting its requirements onto IT. Now you're seeing much more of a collaborative approach to attacking the market, gaining competitive advantage and succeeding financial. Yeah, and if people aren't really familiar with DevOps, the thing that I really like about it is, number one, it's no longer, we used to be on these release trains. Okay, everybody on board, the 18 to 24 month release train we're gonna plan. Up, wait, we didn't get this feature in, it'll be in the next one. We'll do a patch in six or eight months. No, no, no. There's the term CICD, continuous integration and just continuous deployment. It's push often, daily, if not hourly, if not more. And it's like, wait, what about security? What about all these things? No, no, no. If we actually plan and have a culture that buys in and understands and communicates when you've got proper automation, it's a game changer. All those things that used to be like, ah, I couldn't do it. Now it's like, no, we can do it. Well, the only thing constant in business these days is change. Absolutely. So if you know that and you have to be able to plan and articulate and be ready for change, how do you make sure that the underlying infrastructure is ready to kind of adapt to whatever request you may have of it, right? It's now alive, right? It's like a person, I wanna ask it a question and I need it to help respond quickly, right? And a lot of the focus of the series, as we talked about in the intro section, is our software-defined infrastructure portfolio, which in many ways is kind of the fabric upon which a lot of these things are being woven now, right? So we talk about DevOps, we talk about this rapid cycle and this continuous pace of change and adaptability adaptation. We're delivering solutions to market that really accelerate and enable that, right? So one of the things we wanna make sure we communicate both internally and externally is the connective tissue that exists between solutions, products, technology, capabilities on the software-defined infrastructure side and how that affects the business and how that allows the business to be more agile, to be more flexible, to transform the way it thinks about taking solutions to market, competing, opening up new markets, seizing opportunities in the marketplace. Yeah, if you think about, when you talk about strategy, smart companies, they've got feedback loops and strategy is something you revisit often and come back, leads to, when you talk about modernizing an environment, I always used to, you poke fun at marketing, oh, we're going to make you future ready. Well, when can I be in the future? Well, the future will be soon. Well, then when I get to there, am I now out of date because the future's not now? So what is modernized? What does that really mean and how does that fit in? Yeah, and it's a great point. And I think we look at modernization as kind of the constant retooling, right? So IT is constantly looking for ways to be more responsive, be more agile, be more closely aligned in a locked step with the business and the line of business. And again, we're trying to deliver solutions to market that enable them to do that effectively, cost effectively, quickly, get up to speed rapidly. There's another, so we talked a little bit in the intro section about the C-level survey, the study that was done globally by IBM. It's done every year, the 2018 one was introduced recently or published recently. Another one of the themes that was very important is that is this concept of innovate, don't institutionalize. And the idea is that old companies, slow moving companies, more traditional companies have a tendency to solve a problem or introduce and implement a system of some sort and be wed to it because they adapt all of the ancillary workflows and everything around it to fit that model, which may make sense the day that it implements, it goes live, but it almost immediately becomes obsolete or gets phased out. So you need to have the ability to integrate, automate, innovate, like constantly be changing and adapting. I love that actually, in the innovation communities, they say you don't want best practices, you want next practices because I always need to be able to look at how I can do, learn what works and share that information, but this is the way we were doing it and this is the way it must always be, so let it be written, so let it be done. No, we need to move and adjust. And I think if you think about these things as in the beginning of the year when IBM launched what we were finding was, when we launched kind of our educational context for our sellers in the beginning of the year, it was really three patterns, right? There was modernizing transform, next gen applications and then application refactoring and in the beginning when we started talking about, which I think is where 90% of the clients fall into, it's this modernizing transform, right? Easy to say, but what does it really mean? So if you break it down into the fact that we know what clients have today, right? We know VMware is big, KBM is big, SQL is big, Oracle is big, right? If that's foundationally who you're talking to on an everyday basis, how do you help them take that solution set? And don't start refactoring today, right? But take them to a point where when they start to do the refactoring, they're in their well positioned to do that simply and easily, right? So it's a long journey, but to get there, you really need to kind of free up and shake loose some of that, some of the bolts so that it's a lot more flexible over here. Yeah, so we were talking about things are changing all the time. Tell me, transformation, it's not about an end goal, it's about journeys and being ready, so help us close the loop on that. Yeah, so we talk a lot about that internally and again, transformation is another one of those kind of buzzwords that we're trying to sort of demystify because it can be applied in a million different ways and they're all relevant and valid, right? So transformation is a very broadly applicable term. When we talk about transformation, we're specifically talking about kind of the structural transformation of the infrastructure itself. So how are we making the storage and the compute more cloud-like, more flexible, more easily provisioned, more self-service? So there's kind of a foundational level piece at the infrastructure level. We talk about transformation at the workflow level, so things like DevOps, like continuous development and integration, how do we provide our clients with the material they need, the raw materials, whether it's software, technology, education, best practices, all of the above, to be able to implement these new ways of doing business. And then there's really transformation of the business itself. Now, a couple of those, the first two are kind of happening with NIT, but they are being driven by the transformation that the business is undergoing. So the business is constantly, again, if they're still around and they're prospering, they're constantly looking for new markets to reach into looking for ways to compete more effectively, looking for ways to gain and sustain competitive advantage in this very, very dynamic environment. So transformation touches all of those. They're all equally valid from our perspective, specifically as IBM. We're trying to tackle the sort of foundational level and then kind of by using assets like this, research that we do at the C level, we're trying to kind of build the connective tissue between the ground level IT stuff and how the business has changed. I mean, really as importantly, we're trying to build the foundation such that as we're thinking about the business, think taxis, transforming to I wanna be more Uber-like or think even automotive industries wanting to be more Uber-like. I read an interesting article about, auto manufacturers today are thinking about no more buying of cars. That's a transformation of my business. How do I do that? Now, a lot of it is, I get to set up the infrastructure, I get to set up people in process to do some of this, but the infrastructure has to adapt as well, right? And that's not gonna happen tomorrow, to your point, so I wanna design for tomorrow, then the next day, then the next day, then the future, when is the future, right? But I need to have an infrastructure that can evolve with me as my business evolves and I get to this goal. And the shifts are now happening, they're no longer kind of tectonic shifts, they're seismic, right? They're not gradual incremental, I mean, they are in some cases, but they're more often seismic changes and that's a great example. Uber burst onto the scene and fundamentally changed the way humans transport themselves from one place to another. And there's a million examples of that, right? There's in genomic research and even in media and entertainment, there's lots of ways and lots of places in which this shift towards more seismic change in the industry or in a particular use case is happening every day. Yeah, so I'd love your insight. When you talk about your partners, the old days were great where you used to just say, hey, you've got a problem, I've got a product that will solve what you need. Transaction, box, done. Now, it's like, we've been saying, when are we going to have that silver bolt in security? It's like, never. It's like, security is, it's a practice or it's a general theme that you have to do is like DevOps isn't a product, it's something we need to do. I heard a great line, it was like, oh, this whole AI stuff, well, can I have a box and a data scientist and I can solve this stuff? No, no, no, this is going to be an initiative and we're going to go through lots of iterations and there's lots of pieces. So it's a different world today. How do you help people through this as to what the relationship is now? No, it's very interesting and to your point, can I buy a box that does that, right? We were at Think this year and our security team was, or actually I think it was our blockchain team was up and I'm very interested in blockchain and what is it going to do for the community as we kind of grow and that sort of thing. And up on the chart they put this slide that had a million different, I mean, thousands of different partners that we partner with and we also enable to kind of deliver stuff. And in some cases we're competitive, in some cases it solves security, in some cases it does this. Now all of a sudden it's not one thing anymore. It's like, how does it fit into your infrastructure? But back to your point about partnerships, I think IBM has constantly looked to its partners because they have really that trusted value and trusted relationship with the client. And at the end of the day, for as much as we can come in and say, oh, this box will solve your problem, we don't really know what their problems are, right? It's the people who have those relationships that know where they're going along that evolutionary scale, that we really need to work and tie in with closely to make sure that the solutions we deliver on the underlying side are meeting their needs, which then in turn meet our client's needs. I think that's where we're going. And actually the blockchain is a great example of kind of building these vibrant ecosystems, right? Which is something else that large companies like IBM sometimes struggle with kind of building these very dynamic, very vibrant ecosystems. But I think IBM's very good at it and I think we've demonstrated that in a number of different places, blockchain being a recent example, but there are many others. And the SDI portfolio is no different, right? We've got strong partnerships across the board with other software providers, other go-to-market partners, other content, there's a million different angles that we were able to introduce into the conversation. So we think all of those things taken together allow our sellers and our partners to bring a solution to their clients, regardless of their industry or their size or their particular use case, that helps them optimize their performance in this new world of super agile, constantly changing continuous transformation and do so, we think better than anyone else in the industry. Constantly changing, distributed in nature. Sounds just like the blockchain itself. All right, Steve, Randy, thank you so much for helping us demystify some of these key business drivers that we're going to. Lots more we'll be covering on Stu Miniman. Thanks for watching theCUBE.


Here we go back again Welcome back everyone to man of me Dan This may be the last episode in fact. I think it will be not only the last episode, but also I Think it may be a short episode as well. I'm gonna check the next level. There might be some more gear down there We can use I'm not going far. Just wait by the radio Because I don't think that there's that much left in the game.   How did I miss that? I pressed it. I pressed a button Great now everyone's gonna die. You broke your ankle. I saw him. He's a big guy. There's the bowl of food Alright.  He's not just the big guy, okay? His name is Olsen This must have been what we just heard. Oh him breaking down an entire door. Yeah It's cool because you could see the bullet happening and in the background. Oh no, what's that? Does it matter? We need that distributor cap. Does it not matter? He had to have come this way Okay, he had to have come this way. Let's go! Let's find the distributor cap Please do not break your feet. Oh the mist. Oh ho the mist. Oh, and they don't really know do they? How did he get across there? Why is he- why is he- why are they whispering? The dude is just right there. Okay, time for some QTEs.  There we go. Oh, yeah. Look to our godly- one of us is getting a cross-eye See, do they know about the gas? I don't think they do The sweet Manchurian gold making them all go crazy But hey, he dropped the sledgehammer, so at least he doesn't have a weapon anymore If only he would drop the distributor cap That would be good. Oh, he might be dead. He dead! Easy peasy, dude. I just did the work for us Can you not just go along the side? There's got to be enough room on the side, right? I mean Whatever. Okay. Well, he died so it's fine So, I mean whatevs RIP dude. RIP Olsen We do have some spookies, I guess Coming up probably. Oh, there he is There's my brother Is this where he died? Hello? No, don't care. I just need to find There he be. Ooh, the rats eating him? Shit, man Rats are getting him What are the rats real?  They haven't had a meal in years Use the sledgehammer. He's already dead.  Oh, dude.  You can't just like move.  Get off of me, ratatouille! RIP me, RIP me, get off of me. Oh, no. Oh, no Are those real rats, though?  Get out of there. What are you doing? Don't put the distributor cap. I just run.  What are you doing, you idiot? What are you doing? I can't tell if he's frozen in fear Or if he knows that it's not real.  That's dope But it's not real, right? It's not real. No No, it's not real. No, it's not real Get out of here. You're not real. Why would I stab myself? What if that was Fliss? What if that was Fliss?  That was totally just Fliss, wasn't it?  I killed Fliss. I know it. Should have done nothing Why didn't I use my brain? It is her. You goofed it, dude. You goofed it I should have trusted my own self I should have trusted my own self. I knew that it wasn't real But I thought that I'd have to do it or I would die You goofed, man. Ah, it is. You goofed. You goofed, bro Sorry, you did that. Oof. Big oof. Big oof.  Oh Well Well, at least we have the distributor cap At least it wasn't like my brother or my brother or At least it wasn't my brother or my fiance. Dude, what happened to Conrad? Is he even alive? The sun has risen. Damn What happens when the sun rises in the east? Who lasted the whole night? Did you guys just like chill out here? bummer Could everyone have escaped as in like all of the like fishermen dudes, too What would happen? Would you just because that's Technically murdered her. Would you just like plead insanity? But like you were hallucinating. So what happens? Okay, I guess it's time to see if it's working. It's rock That would have been kind of funny if you get bliss killed you can't figure out how to work the boat Well guys, I think that was man of a dad. I think that was the whole thing. Oh Dude, he's coming back Coming back guns a blazin Well, at least he got help. Oh No They went back for them now.  Hello One last one for the road Someone gonna kill him for realsies or will it be a holy snotion? Nobody really knows dozees That's the end. I think isn't it? I think it is We should have radioed to the coast guard being like, yeah, we're safe. Don't come and get us. Oh It's not the end. I just want to know what happened to my brother. He was trying to help us to get help He doesn't know anything about boats or sailing. I just hope he's alive. He's okay We should have never split up You could radio the coast guard be like a we're fine and then they could say hey We're here with your brother. Well, maybe they would assume that it was the other people Well, they could dust for fingerprints. I suppose Well guys that was man of a dad. I thought it was all right. Um, I Was originally because I was talking to some friends about it the other day and they were like, yeah It's really short. I was like, huh weird that it shows short, but apparently It's it's an anthology. So like it's It's a good like Do you have something that you're gonna say that's it game over you're done For now at least now could always try again see if you can't do better next time around impressive Almost everyone survived. Thank you Almost almost It's all about decisions, isn't it decisions made in a hurry in a panic made with the heart instead of the head or vice-versa Sometimes those decisions take a long time to have repercussions But there are repercussions There are always repercussions Hmm think about that real quick I suppose think about that Till we meet again, maybe in little hope maybe somewhere else But be certain We will meet again, which is hinting at the full game that they're working on Inevitable it is inevitable Which is why this was so short because they're releasing a new full game like the length of until dawn Which I am going to be very excited about Oh No, the scariest thing copyrighted music. It's so scary I want to see really quick. I don't know if I can quickly go back to the last part And see if I can keep her alive to see What the ending would be if I'd kept Fliss alive, and I didn't kill her.  This is a trailer It's what's this 2020 there we go, so I'm Assuming that's the full game question mark I Think I don't know I Do not know okay. Hold on. Let's see Collections.    Oh, and now it's Fliss doing it Let's try it.  Yeah Yeah, he's still going. All right.  Are you impressed? Are you or he might still say almost Because Conrad might be doomed. I don't know though. What do you have to say? Congratulations, all your charges are still breathing. That's something I suppose I I suppose things became a little intense, but Alex kept his nerve. Well done Alex. Well done you It's all about decisions, isn't it decisions made in a hurry in a panic made with the heart instead of the head or vice-versa Sometimes those decisions take a long time to have repercussions But there are repercussions There are always repercussions Nothing different then I'll see you soon. I will see you soon then headmaster Okay, I guess he doesn't say see you soon. Oh, maybe just we meet again. Maybe a little hope That's what that means maybe okay, we will meet again It's it's Well, we will meet again as well. It's inevitable. Hopefully Well, thank you guys so much for watching. Hope you enjoyed Madame Madin Let me know what you thought of it in the comments down below But I'm gonna end this one here So thank you guys so much for watching. Hope you enjoyed if you did make sure to slap that like button right in the face Now we'll see you guys in the next video. Love you all stay cranky. Bye


Yo, what up welcome back to another episode of the notebook photography hour featuring me emo depressed Walmart Ryan Gosling Have you ever created something and then looked back at it with disappointment? Like maybe you could have done better Well, you and my parents aren't alone I recently took this photo as part of an experiment in pushing ill for Delta 3200 looking back on it I kind of feel like It could be a portfolio worthy shot if I just took more time and just got it right so I thought I'd take the opportunity to Discuss some tips just the tips for shooting film at night as I returned to the spot where I took the original photo Which I'm now starting to realize is a popular teenager smoke drugs and make-out spot Fasten the fury is Burbank drift Shooting film at night is a little tricky if you choose to shoot handheld So it helps to bring a tripod a cable shutter release and most importantly your game face I've talked to a few people who don't like carrying around a tripod, but just fucking bring one dog It'll make everything way easier and you won't get any motion blurry shots That look like your vision after you pound seven shots at tequila. Trust me I'm an encyclopedia of knowledge on both topics This time around I'll be shooting with the trusty Mamiya seven I shot with the Pentax 6x7 last time which has a huge mirror in it that Slaps up and slaps down whenever you take a picture and it's pretty loud Which I'm sure the neighbors thought was just some heavy artillery fire The reason I even mentioned something like that is because a huge mirror like that might cause some camera shake if you're not fully locked down Most cameras don't have this issue or at least have mirror lockup So you can probably just ignore everything I just said like usual Be sure to use the cable shutter release so you don't accidentally shake the camera when you press the shutter If your camera isn't compatible with cable shutter releases, then I guess you're f***ed I'm just kidding. Look for a self-timer option on your camera that you can set to take a photo two or three seconds after you press the shutter I would recommend staying away from any film that's below 100 ISO instead going for some film That's in the 800 ISO range Kodak Portra 800 and Cinestill 800T are very popular options for night photography I'll be using Cinestill for my shot Not everyone is a huge fan of Cinestill 800T because the film imprints these orange blobs around the highlights of your image That are called halations. I happen to think that they're pretty cool. So I'm with Cinestill till the tragic end I'm Cinestill's ride or die b***h Yeah, I highly recommend bringing a handheld light meter. They're more accurate than the light meter on your phone And uh, it just kind of makes you look like you know what you're doing You may get called a nerd by on-looking bystanders But you'll show them in the end when you post your perfectly exposed photo to instagram and you get 12 likes instead of the usual 4 If you don't have a handheld light meter, this is the light meter that I use on my phone I'm not sure if it has a name other than the highly creative totally original light meter free What should you meter for at night? This is a hotly debated issue in the community and I'm the only one with the right answer The answer is it's up to you as the photographer night scenes are generally pretty high contrast So I try to meter for any mid-tones I can find If you can't find any mid-tones, uh, usually I'll just meter for the shadows and go two stops darker Not a fan Do one stop overexposed If I'm at half of a second, so now I'll do one second If you're unsure about the exposure, but the composition is cake then take another shot expose one stop brighter or hell Even two stops brighter. Is this two stops overexposed? The same can be done in reverse too. So take another shot one stop darker But uh, be warned if you're shooting medium format and you're bracketing every shot This can actually eat up your roll pretty quick. Okay. I'm gonna do one stop underexposed So that'll be one fourth of a second When all is said and done just pick the best exposure that fits your original vision Or if you're like me and don't have any creative vision left, just pick the least ugliest one Okay, these next two tips are optional, but you better f***ing do them anyway Consider shooting at f8 or f11 I picked this tip up from the god of night photography himself Willem Verbeek because it's actually a really solid suggestion All right, this one's gonna be at f11. So f11 means four seconds Every lens is different for sure But shooting around f8 is typically the sharpest for your lens Plus more of your shot is in focus compared to shooting wide open if that's something you care about Highlights in your shot will also tend to burst up in sort of like a star like pattern Which adds some nice texture to your shot If you want to add some flair to your otherwise boring ass photo Consider using a promise diffusion filter for night shots They essentially glow out the highlights a bit and make everything a bit more atmospheric And then of course the very important lens hood At night, I've been using the tiff and black promissed at one half, but that's a bit strong for my taste So I think I'm going to cut it down in the future to a quarter So we're going to be shooting this one with a uh one quarter diffusion filter A bonus from diffusion filters If you're shooting cinestill is that the diffusion filter will actually glow out any halations that might appear and kind of cancel Amount a little bit these shots were all taken with cinestill 800 t and with the tiff and black promissed at one half And as you can see there isn't really an excessive amount of halation Anyway, this is the take that I went with uh, and I'm pretty happy with it So in the end if you're anything like me and you're up at night already fighting crime on the streets of la dresses shrek You may as well give night photography a go and see if it's your thing. I guess what I'm saying is Don't be surprised if you're getting mugged and you hear a sound at the end of a dark alley that you're in Standing at the end of the alley is a dark silhouetted figure. It's massive and has antennas. Oh my god It's shrek.  It's the mugger He sh** his pants shrek starts charging down the alley yelling his battle cry and the mugger takes off fearing for his life So yeah, hopefully some of these tips helped you because night photography is really fun And worry not if you're getting mugged in a dark alley one night. I got you. I mean Shrek's got you Hey, yo, what's up? Uh, are you sad that the video's over? Me too, but I have some good news for you if you're in the mood for some more film photography content I was recently on the analog talk podcast Uh hosted by chris and tim. It's a podcast where they talk about everything film related So so if you're interested in hearing about my take on film photography and my channel Then uh, I'll leave a link in the description and uh, whatever happens happens I'll see you guys on the next video, which will be in two weeks