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. Hi, everyone. This is the Tiger Technician Hour. My pleasure to be here Monday through Friday. Downs down 33. S&Ps down one and a half. This is a fascinating period for two reasons. One is, I'm thinking here that this is going to be just like in January of last year. What was it down? The New York Stock Exchange made all-time highs in January. Actually a number of indices. And over the period of the year, some of the other indices went to all-time highs. New York Stock Exchange never got close. It's still down quite a bit from its all-time high. And I'm thinking we're looking at the same situation here. Look at the E-mini, the S&P E-mini. 2,900 on a daily basis. 2,899.75, 25 cents. One take away from the 2,900 on the 8th of April. The following days it hits 2,900 and then drops sharply to 2,877.25. Next day it has an inside bar, a very nice green candle with a high of 2,896 round number. Opens a 2,882 round number. And what does it do? Today it goes to 2,900 round number, high again. And it's pulling back a little bit. But the MACD is still okay. It's not great, but it is positive. And the statistics at 92%, that's still good. If you look at the 120-minute chart, you made a double top and a PXC1C2. Had a question about that. Yeah, that would have been in the daily except that the 2726 low of March the 11th, I think it was 8th. That was the starting point. I did have an alternate count, but then it picked up and it went to DE. And this is a PE. Right at this particular point with three bars that are so far not breaking 2,900. Now, yes, the other thing that I think is kind of important, at least in the way I look at things. Look how strong the weekly chart is. So let me get rid of this 120-minute chart with this little double top. Sharp, I don't know what the news is. It was obviously a news-related slide, but it was, the market was struggling from early this morning. And we're waiting for tomorrow to start off the bank earnings. And they aren't going to all be the same. So we'll see what happens there. So what I'm looking at is, it's going to be quite simple for me. If the E-mini starts to trade at 2906 and holds there very steadily over the next two days, in other words, Friday and Monday, that's going to be very good for the weekly breakout to the upside. And the next target would be the trend mine, Chapman Wave, inside wedge, target line of 2920. If there is a pullback and all of a sudden, maybe the banks come out and things are kind of good, but maybe they talk it up at the prices. The evidence is that they aren't doing all that great this time. That might be a sign that we could see some of the financials and the Dow start to pull the market back, etc. So just giving you parameters, that's all. In the meantime, let's go through this again. Look, the Dow, it's not bad. It hasn't broken under yet. The 14-period experiential moving average in four sessions since the doji candle high. And as I said, we are short, the Dow, we have a position short. And I'm treating this as a shorter-term position because at some point we want to switch to the long side to get to garner the strength, going to a new leg C and D in the weekly chart and that monthly chart trying to hit the 26,951 full-time high for a test of that. And if you look at this very closely, you'll see that the MACD right at this very second is at zero. In other words, the 0% line hasn't crossed negative yet, but it's actually gone right back to the zero line. The stochastic is at 76% for the Dow. That says, be a little careful.  Now, I was asked, how can you be long the transports and short the Dow? Remember, we're talking timeframes. I'm looking at the transports. I like the action so far. I was expecting a leg C. We've got that today. We've been long for a while in the 185 area. It's at 183.64. Hit 194.13. It's a quick peak C to peak B. Leg A to quick peak B. Cup formation goes to C with the MACD. Strong stochastic. Really good. Flattered 90%. I love that. So I like this. It's a bifurcated trade. Why? Because you've got to compartmentalize right now. But we've got to have a good hold on that. It's a good hold on that. It's a good hold on that. But we're talking about high hack. Which is just fractions away from another all-time high. Which is already done once in the last six weeks for four weeks, and at 40.70, I think it goes higher. You're looking at the SMHs, which are working really hard, but they haven't yet gone. and you're all-time high, but they're holding really well. You're looking at the QQQ, which is right now at 187.53 in October, plummets to 22% to 143.46 in December. And now it's back at 185. It had a high today of 185.78, less than two points away from all-time high. But this is exactly how Tom always talks about ice. So this is exactly where we're talking about a previous, especially in V-shaped patterns, a previous left-side high in a V-shaped pattern that takes a pretty decent amount of time. In other words, pulls back an X number of bars and then a little longer comes back. So it takes a little longer, but it's still a pretty good V-shaped formation visually. It says that if it takes out decisively the left-side high, it can't just hit it and pull back. That's almost like a cup formation that's gonna make a cup and handle. I want a Chapman wave, cup and ladle, a V-shaped pattern that just takes out the left side. I want to see 190s in the QQQs before there's a big pullback. I'm not sure yet whether we're going to get that. It seems to me that it's getting a little choppy, a little difficult if the financials, if the XLF tomorrow has a sharp spike to the upside, it's a radiant leg B. I just wanted to, yep, leg B, great leg B because, oh, now I can call it a leg B, a blue leg B. In other words, this is a very good because the mag D is strong, not as anywhere as strong as it was back at this 26th level in mid-March, but it is good and the stochastic's finally got 85% I like that and that says I can put an up arrow in, it could fail, but I'm still gonna put the up arrow in to say it's a buy mode, good chance that it will go to somehow or other it will go above 27 tens in a formation that goes through at least a leg D in the daily chart. Wheatley's improving, it's not great, but it is improving. So this is gonna be very important. Okay, before I get to a lot of questions that came in, let me just do this, let's go to the VIX index. The VIX index right now is trading at 13.31 up a penny. It's still holding, it's in the 12s to 13s and that says there's buying pressure. The moment it starts to trade on a closing daily basis in the 1480 to the 1530 level, holds that level for a second day and trades in the 15s for a second session, that's when we start to get a deeper pullback in the Dow and the S&P, et cetera. But at this particular point, it's just a side race and solidation. We'll come back and then we'll take your questions. 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. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand-new website. 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>. I've always asked to look at VFF, which is Village Farms International. We're looking at it recently at a huge gap up and then it's just spiraled from the sevens to a high of 18.0, no, 18.10 on the 22nd of March. Pulls back is the pattern that you might be familiar with. I call it the lowercase H. It's testing the 1250 low that was made on the 27th. So it comes back, makes an arch formation. My eye suggests that it's got more work cut out for it and that it's probably gonna test a 50-period moving average at 80 to 1162, 1162 is the number. So I wouldn't be doing anything right now. I think it's extended, it just needs time. It looks like a biotech stock right now, Village Farms International. Can't remember what it does. But that's the way I'm looking at it. And even if it bounces, it'll probably make it H2M pattern. I'm not sure it has the strength in the daily to make the cup formation, but I would not be doing anything right now. I'll look at it again in the next two days. So that's the way I'm looking at that. The next question I had was, get the dollar. Yeah, the dollar, you know, this is just really good action for the dollar considering it's a currency. But if you think about it, it's been going sideways for about 11 months, 10 months. And we've been long for a year now on the 90 level. It's hit the 97s twice, three times actually. It's in this consolidation. I just think it's telling us about the U.S. economy, the international perspective on a price basis. And that's the way I'm looking at it. But in the meantime, nice action, not great. I would have preferred to have seen it with gold pulling back so strongly. Maybe over 97, 22, the high of yesterday. The days young could still do that. Weekly chart is just consolidating. I think the monthly chart still looks very good. Question I had about the EURUSD and the Eurodollar currency pair. Nice bounce off the low, but if you look at the weekly chart, this is just pathetic action. I don't even know what term to use for the monthly. However, this kind of pattern has a way of fooling you by having a big spiral to the upside and then failing. So I'm just going to say right now, until the Euro is actually trading for one whole week in the 1.183 area. I'm not talking about today, I'm talking about over the next two and a half, three months. When it does that, that could be a big change. All right, so that's that and the Japanese yen, USJPY currency pair has a nice move up. I'm still anticipating somehow or other it's going to make that missing leg D above the high that was peak C in the weekly chart. The week of the 8th of March at 112.138, I think it goes just above that for leg D, how high it goes off there that's going to tell me about the monthly chart. So in the meantime, that was a really good move to test the 200 period moving average yesterday and today I have to have a strong candle. It's a start, it needs more, it needs to break above 111.823, the high of the 5th of April to really start to show it has the tenacity to be able to rally and hold that rally. Next question I had was a disco, I haven't looked at disco for a while. Disco, yeah, this is disco is discovery, ink services, A shares, peak A, peak B, leg C. Hey, this is looking quite good, 31.50 right now, down 10 cents. If it can hold the 30.20 to 30 support and actually spike, if it doesn't today, that's even better without making a peak at 31.34. That's going to be, no, I can't see how it's going to do that. But in the next two days, if it's able to get above that for leg D, make these strong stochastic will get even stronger, it's at 80%. Yes, I like this, it's in leg D in the weekly chart. So if you're a long, just keep holding it. I'd say on a shorter term basis, I'd have, I wouldn't want to see it under 29.35, it just, it texts me or email me if you have it under that level and we'll analyze it right now. It's holding well, would I actually buy now? I just don't think so. The discovery, ink services, this is the A shares. Yeah, I think I like its action, would I buy? Oh, I know what I would do. If you have an analysis that you like very much, then I would go in the money, not March, I'd go to March, April, I'm sorry, we're into April, not April, but May, I'd go to the May calls because this seems to have a move that takes, it goes to a level that it takes a couple of weeks to consolidate. So I'd look at May, but I'd go in the money. I'd be prepared to pay for it, but so much less than actually owning the stock. So I'd be in, I'd try to get the steady call April I'm sure this is, you're not gonna get it, but I'm saying if you can get the 30 call for about 75 cents, I think that's a pretty good deal. Just risk reward with putting very little money up because if this takes it out, all of a sudden you'll be looking at the high that was made back in November, the week of the 9th of 2018 of 3489. And the MACD in the week is just about as cross positive, in fact it has, but it's not Friday at four. So I have to say it's about it.  Let's look at platinum. Platinum, I was asked about it. Ruby says platinum trading range for today is between 880 and 955, okay. Yeah, so platinum is in a leg C, I'm sorry, peak C in the Chapman wave. The leg B to the upside is that's a very nice action. This is almost the same pattern that we're looking at discovery, except this did break out to the upside. I like it, but I'd have to have patience to wait. Why? Because it's at peak C, I believe the MACD is strong enough and the stochastic strong enough that if there was a pullback that held between the nine period moving average of 892 and the 14 period of 883, it just has to dip there once and close positively. And that would suggest to me that platinum would try over the next three days after that, to break above the high that was made on the eighth of 920.40 and I am talking about the continuous contract. So let me just draw the pattern that I'm looking at right now. It's this little mini down channel. It's more than a down channel. This is a Chapman wave calling X formation what you want is maybe a little bit more weakness and then you want to see two bars that are green that are pushing back into days open, which was at 906.90. So that's why I'd be looking at that. The weekly chart says it could pull back a little deeper. I don't want you to, I'm just saying that these are the levels I'd be looking at. I wouldn't do anything until it pulled back into that range or it's sorry to show some strength again. Let's just look at this. I was asked about, could I look at soybeans? Soybeans are weak, wheat, that's wheat. That's wheat is holding quite nicely and corn as we go to a break, the Dow's down 47, S&P's down four and corn is weak, I'll 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. Using the Chapman wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. 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I come on in registrations at 530 and I come on at 550 and then dinner's gonna be served at 705 and then Julie Jason, author, CIO of Jackson Grant Investment Advisers will be talking about managing retirement, wealth, an expert guide to personal portfolio management in good times and bad. I'm gonna be talking about the market where we are, what I'm expecting and the different, I'll use some of the material from my webinar just a week ago, Wednesday, but it's for a different audience so it's gonna be focused on other things as well that are very important. I consider it to be very important. Also, there is, you can use a special code if you wanna get a discount just to come and hear that and that is Hazel 2019 and you can whisper it and you should get a good discount. All right, so that's tonight at 530's registration, I'm talking about 550. And so let's go to a couple of things that we're looking at you. The IWM, yesterday at this time I said, there's a chance that you could, I had a caller and I'm looking so closely now at my IMs, I don't see any callers. I'm just hoping I don't miss out. I didn't expect callers in that first segment than there were and I usually do my preamble so I'm just looking out for any caller, I won't let you wait.  I appreciate that, I really appreciate your calling. So let me just go back to this. In the IWM, the Magdy is good, nothing like it was at the 159.50 high of the 25th of February. And the stochastic is about where it was. No, it's a little lower than it was at that particular point, it's at 89%. That is good. And what I'd said, because I had a caller and my suspicion was I want to know about the Dow and I missed that call, the other caller we were looking at the IWM and I said, there's a way to play this on a very short-term basis. And what I'd said is as it was at about 157, I think it was like 157 was above the high of the previous Dow, 157.30, I think it was 157.42. And I'd said, there's only one way, it's a little too late to do anything but if you want to keep, you want to trade it for the chance to hit that high of February, then you've got to buy a little bit now, that's all you can do and just use that as a trade with a training stop. The other thing I said is, you could also use a call position and in that case, I said in April call, you want it as close as possible, but I believe I was looking at, it was in the 157, I might have said 158, I'm not sure I can remember now, but the plan was that you would go on or whatever gain there is by getting in right now and anytime it pops up, there should be a premium because it's still early in the month for the actual, for the option exploration. Option exploration will be the third Friday, so there will be a next Friday. So as I'm looking at this, I'm saying, all right, we're now at 157.40, but we've gone to leg E, 120 minute chart, it's just had another move to the upside, it had made a peak, gee, it's just made a peak D. So I'm looking at this and I'm saying, okay, is there enough strength? So let me put it this way because I, this is, you don't often get this where there's been such a huge V-shaped rally in all of the indices, key indices, and then suddenly a couple of them stall and they stall quite a bit away from the all-time highs and yet a couple just go right to and just like the XLK, which has just broken out and even now down four cents at 76.34 is at an all-time high. This is the move I'm talking about in the V-shaped pattern in the weekly chart. Vs can be really powerful because you've got no cups in which you've had a moderation of the energy to the upside, you have to rebuild strength. This is just one continuous, except if you look at it, you say, wait a minute, 57.57 to 76.56, 11, sorry, 20, almost 20 points in, no, it's 21, but it's almost, yeah, it's just over 20 points in almost like a single leg, eight to the upside. Yes, there was a little bit of a pullback back in the week of the 22nd of March, 75, 25 was the high next month, and next week, 74, 11 was the high and then pop gaps up and breaks out. So you can tell that it's not going to take much for the market to take a little bit of a breather right now, preparing yourself for another move to the upside, but maybe needing time, maybe not price but time at least to the downside. So I'm saying that if you had any profits in that IWM for the option, you should have had a pretty decent profit at the end of the day, it's pulled back now, it's probably just a little underwater. If you want to keep it, that's okay. I would be trading it, I would actually get out of it. If I haven't taken some profits, I'd be out of it, I'd wait for another opportunity. Saying number one, I've really got a good feeling now for the way I could use options on the IWM. Let me just do this again and we just give you IWM right now. I'm getting a feel for it. I did have a profit, I've given some of it back. If you're on the short-term position that I said yesterday you could get, just have a stop in, what was the low today? The low today is 156.81, 156. So you're in at 156.40. I'll make it, give yourself a 40 cents or something like that, stop. That's pretty reasonable for a trade. And see what happens because there's still some strength in the IWM even though the Dow's down 39 points and the S&B's down three, IWM's holding pretty nicely. Okay, now being in LAE, I'm gonna be doing my analysis and there's a chance that tomorrow by the end of the day today or maybe even tomorrow so that I do work on the weekend, suddenly I'm looking at this and I say, you know, there's enough evidence here to say that the IWM needs a respite from this big move up and it could pull back, but you've got a whole bunch of support levels at 155, 155.95 is nine period moving average, 155.41, 14 period moving average, breaks under it, you've got 153.43. So there are tremendous support levels for the IWM if we go into consolidation, it's said last two weeks. All right, hey, wait a minute. The question I had was the IYC, which I haven't looked at for a little while. I always mentioned this, just forgot to go to it. Yeah, what is this? Was that a Chapman-Wraith instant restart? Is this only a leg B to the upside? Or is this a continuation of the MACD up, sarcastic at 96% and this is now a leg F and we're getting really close to a pullback. Wow, I asked the question. I don't know the answer, but I can tell you this. The IYC, which is the U.S. Consumer Services ETF has Amazon, Comcast, Disney, Home Depot, Netflix, all bunch, McDonald's, Walmart, Starbucks. We'll talk about it as soon as I get back because this is, look at that quickly, it's in leg D, but what a nice strong pattern. I'll be back, Basil Chapman-Tiger from Mission's Hour. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. 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I thought I'd get to it quickly because I'm looking at this and I always feel a little embarrassed because ever since the early April when I looked at it and I said, you know what? Here it is, three months later and the telecommunication ETF and some of these telecom stocks have done really well. And I was saying, I just didn't want to have capital risk. I don't mind getting the dividend if there's just a very minor capital risk. I want to see capital gains. Missed this whole move because if you go to Verizon, look at that. For three months from the low that will take it from February. Just February alone, it's gone from 52 to the 61 area. Telephone, we were talking about that the other day. Telephone has had an even nicer move. It's gone from the low in December, just under 27 to 32 just recently. So you got your three months and that's really what I was looking for. If you look at CVX, I'm just doing dividends now, CVX also has done really well. So this is the first time that I can say, you know what? The past three months have been fantastic even for the dividend stocks because you want capital gain and a dividend. That's fantastic appreciation. So thank you for pointing out the IYZ. Yeah, the IYZ is holding very nicely and I still have a fear about the telecommunications that a Google or an Amazon or someone's gonna come in and they're just gonna smack that whole area of telecommunications. I know that I keep cutting back as much as I can on the bills although I still have a security of a different network in case I go down because you just can't afford to go down. So I always have that backup. But yeah, this is a, let me say this is a, right there. So yeah, legs, see this is very nice action. The IYZ trading at 30.65 down four cents. I would say that this whole area between the 31s, which I could maybe test, and the 2930s, which is the 200-period moving average of the weekly chart, that could be a consolidation if there's a consolidation. So I definitely for myself and certainly for my subscribers, I didn't get that. It was a really nice lift off. I saw it happening, but my concern, my fundamental concern was wrong, ill-conceived because I was saying, you know, people are just cutting back like crazy. Whole article in consumer reports again, so like the second one in a year on how to cut your cable bill. So yeah, things are happening. All right, so here we go. I wanted to talk about, where was it? Just to show you crude oil, crude oil is trading at 60.49. It went right to the 200-period moving average, 65.09 was that high, and this side of the continuous contract went to 64.79. So now you can see some kind of a pullback. It doesn't have to be big, but it could be a pullback. How does it relate to the market? Well, I happen to like crude oil moving up with the market. It's just a good sign. High-grade copper is not really doing that well. It's trying its best. It's at a high-level consolidation trading at 2.89. It's a pity about that. And wood, which is the ice, Timber and Forestry ETF, is just kind of stuck and had a good rally off the low of 35506, went to the 66ers, and now it's trading at 6514. So we're gonna be watching that. Question I had is a low-grade copper. I don't know why they call it high-grade copper, but they have a reason for it. And maybe that's because the price is high, I don't know. Now, this is going to be important for me. Look, the XLE, this is something you can't ignore. It's had, this is just a textbook case in the Chapman Wave methodology. I've got to write that down. I'll write it down. Oops, now you can't write it with your pointer. Write it down here. XLE example of weekly A to E, quickly. Yeah, I mean, once you got to that leg A from the low that was made in the XLE, this is the, as we select, energy-spide ETF. Look at that, 5336, and then it goes green bar, green candle weekly, green candle pulls back from the 14-period moving average at 6389. Just one bar, one week. And then it goes, makes a new high, the recovery high, 6527 on the week of the 1st of Feb. Whoops, it pulls back for a fraction. Next week, the 8th pulls back, peak B. Leg C starts one penny over peak B. So you've got a leg C. That was two bars, and then you get a doji candle at 6693, one bar down. Then it tried, and it took actually three bars to make a leg D, the fourth bar, pulls back for one bar, and the last two weeks of making higher highs. But look, to get to an E, this is really quick. And this inevitably says, be a little careful because, within the context of the Chapman Wave form, getting to a VCDE very quickly suggests that there could be not a big massive pullback, but it says there could be a pullback of some consequence and it could be time more than price, but be careful. And that says the 6580 to 60, yeah, the 65s would be a short-term target if there's gonna be a pullback. There's no absolute direct correlation between, look at the charts, look at this, look at the middle chart, that's XLE, and look at the crude oil. There's no absolute direct relationship, but there's sometimes a directional relationship. And you've also got your one-to-one to the upside in this Chapman Wave propeller shaft formation. And that says the crude oil should try to test 62s over the coming few days. Let's call it a week. Repel at the 200-period moving average after a fabulous move from 42.60 to the 65, this continuous contract, 64.79 area, nice. Steel, I'm watching still closely. Steel is getting hammered. Made a higher 42.28 SLX, I featured this in my webinar saying this is what we're gonna keep our eye on, no position, but we keep an eye on it for both the economic reasons, geopolitical reasons, and price point of reasons. So it makes a peak D at 42.28 on the 8th of April, and it's now trading at 40.49, 75% pullback, but that was a leg C in the weekly chart, and it's just breaking now the 200-period moving average, and that's suggesting that steel still has a little way to go. Oh, yeah, question about silver. I don't think I did silver at all today. Oh, I'm gonna candle. I said yesterday I just didn't like the look of silver and gold, looked like it was okay, but nothing great, but silver looked terrible. Today it looks much worse than terrible. Ugly, it looks ugly. Question I had about one of my e-mailers who sends me a lot of posts as must be taking the day off. So okay, question, and I'm going to be dealing with this a lot. Certainly for my subscribers, over the coming year, after the webinar I gave, there were certain aspects that I was looking at, and the question keeps coming up, not just because of subscribers. I keep asking it almost every hour of the day. What are the implications for a very long term? Let's just say that we're going to go above 27,000 this year into the 28,000. Just imagine that's an area. It doesn't have to be. Just imagine that's an area. If you bought the Dow right now at 26,000 and you were prepared for a 2000 pullback because if it goes higher and goes over the 27,000 level, it's going to be that 2000 plus plus, and then it's in a mega bull market, it could go even higher. What's your risk? What's your reward? 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 Mastering 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. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. 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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 Nico and Paige of living a primal lifestyle. Buy it today for just $89. Click on the primal edge banner on the front page of TFNN.com. Hi folks, this is Steve Rhodes. Stay tuned for another great hour of The Trader's Edge heard here at TFNN.com. Welcome back, don't forget Steve, Dave, come. Coming up after my show and I'll be back tomorrow. I'd like to see some of you tonight. Come and say hello if you're gonna be there. That's at the Embassy Suites, Boston Waltham. It's the American, this is actually, it's a really wonderful organization, American Association of Individual Investors and the guest speaker. I'll be doing the first talk and that's the talk at 10 to six. And I don't believe they're enough. It's too late I think to actually have dinner there but if you wanna just listen to the program you can get a discount if you use code BASL 2019. Okay, so a little bounce in the down right now. So a couple of things I will deal over the next three, four weeks. We're gonna be three, four days. We're gonna look at bigger strategies, looking at monthly charts and how any pullback could be a buying opportunity. What do you want to do? Where are the levels to look at, et cetera. But in the meantime, Goldman Sachs is kind of important. I don't know when do they give their earnings? Is it tomorrow or next week? They're trading at 202. I wanna see Goldman on fire. I wanna see this Chapman-Mae Stalker information are spiking to the 210s. It's at 202.75 right now. Within a week or two, because if it pulls back and it has a longer digestive phase, it's saying, the financials maybe just are not quite ready yet but there are a bunch of clues we can look for. So we're about to sign off and I don't want to promise my engineer that I will not talk right through the next commercial. So here we go. The down's down 41, S&P is minus one. Maybe there's just a kind of a holding pattern until earnings of the banks come out tomorrow. Most importantly, by Monday's trading, Monday, if the Dow is under 26,950, that says consolidation is gonna impact most of the other indices. If the Dow is at 26,290 to 26,320, that's gonna say, hey, we wanna survive this little consolidation. The IWM could now go to, it's to try to retrace to the level we were talking about a few minutes ago and you've got the QQQs just under the old-time highs, SMHs under the old-time highs, maybe next week's the week that they try for it. So this is a very important stage. Hey, I have the music. I'm gonna sign off right now while I'm going good. Have a wonderful day. As I said, I hope to see you some of you tonight and we'll see you at the Embassy Suite for the AII meeting. And it's a big dinner. And I'll see you tomorrow. Otherwise, check out my opening call, my newsletter, some nice positions there. Be back tomorrow.


So, welcome to the 8th session in which we shall first answer the question that we posed in the previous session, namely if we look at the system y of t is x of t plus 5 is the system shift invariant and the answer indeed is yes, because if x of t minus t 0 is given to the system, the output is x of t minus t 0 plus 5 and that is of course equal to y of t minus t 0. So, this is also an example of a system which is shift invariant but neither additive nor homogeneous. Now, all these ideas are very well until we keep to theory as we are doing all this while but we would like to relate them now to real life and let us relate them to the example that we saw earlier on in this course. For example, let us relate these ideas to the RC circuit or the resistive capacitive circuit that we have built earlier. For indeed let us recall that circuit it was a resistance and a capacitance in series connected to a voltage source. You could denote the voltage source like this with the polarity as shown and the output was taken across the capacitor. So, the capacitor voltage was the output, the input was the voltage source itself, the voltage input here and of course we can ask whether this system is linear or not or rather it obeys additivity and homogeneity or not. We know the equation of this system.  This was the describing equation of the system description. Now we can ask whether this system is additive and homogeneous or not and the answer is simple. Let us write down two different equations for two different inputs x 1 t and x 2 t. You have x 1 t is r c d y 1 t dt plus y 1 t and x 2 t is r c d y 2 t dt plus y 2 t. In fact, now we shall bring in a little variant on the notion of additivity and homogeneous and we shall bring in one test for both of them called superposition. Let us introduce the principle of superposition. We ask whether a linear combination of t in this so alpha times x 1 t plus beta times x 2 t also results in the same linear combination of the outputs or not.  And after rearranging this it is very easy to see that alpha x 1 t plus beta x 2 t results in r c times d dt of alpha y 1 t plus beta y 2 t plus alpha y 1 t plus beta y 2 t and therefore we conclude that alpha x 1 t plus beta x 2 t results in alpha y 1 t plus beta y 2 t and this holds for all possible x 1, x 2, alpha and beta. When this holds for all possible x 1, x 2, alpha and beta we say the system obeys the principle of superposition. This is a very important concept the principle of superposition. In fact we spend a minute in understanding the meaning of the word superposition. Literally superposition means putting one on top of the other and that is exactly what you are doing.  You are first scaling the two inputs and then putting one on top of the other and you are asking whether the output suffer the same fate. They each get scaled by the same constants and they get superposed as do the inputs. Do they suffer the same fate and does this happen for all possible inputs in all possible linear combinations with constant alpha and beta? If so the principle of superposition has been obeyed. Now we show that the principle of superposition subsumes both additivity and homogeneity. So, if the principle of superposition is obeyed then the system is additive and the system is homogeneous. Let me first show the principle of additivity based on superposition. In particular choosing alpha equal to 1 and beta equal to 1 gives the principle of additivity and choosing alpha as the scaling constant with beta equal to 0 gives homogeneity. So, superposition means additivity and homogeneity both together. We shall see more about these principles in the next discussion. But before we go to the next discussion I would like to pose a question before you. What changes might the system suffer which would destroy this principle of superposition? The electrical system I mean. What are the lucky say you know changes that that electrical system needs to suffer? What changes do I have to respect in that a possible changes to make the system non superposable or where it disobeys the principle of superposition? But do we need to have some changes in the element the way the elements behave? For example, well we will come back to it in the next session. Thank you.


Putin has Parkinson's and there is something wrong with him. Ex-MI6 boss Richard Diyalov, who ran Britain's spy agency between 1999 and 2004, as Putin first became leader of Russia, told LBC his contacts believe the autocrat's illness could be behind his paranoia. It comes after Kremlin arch-enemy Alexei Navalny died at an Arctic prison colony as many held Putin responsible. Speculation about the president's health has gone on for years thanks to images of him holding meetings at a long distance over a comically huge table or trembling during interviews according to LBC media outlet. I have contacts, friends, still in Eastern Europe who think that there is something fundamentally wrong with him medically, so Richard told LBC. But I'm not a clinician. Harry Parkinson's, which of course has different representations, different variations, different seriousness. But if the man is paranoid and I think the murder of Navalny might suggest a certain paranoia, this is one of the symptoms. Earlier this month, during a much criticised interview with US presenter Tucker Carlson, Putin was spotted using his hands to stop his leg shaking.