presentation of TFNN. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything. I've been using your technique with the 10-minute charts, watching the VIX, and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom. I appreciate it. Okay, man. Have a great one. Have a safe one. Now, Tom O'Brien. No growl, just me, Basil Chapman, sitting in for the one and only Tom O'Brien. We're looking at the towel on this Wednesday, the 16th of August. The towel is down 64,000 at 34,081, so I'll do this real quickly because we've been discussing this for quite some time. I used two moving averages as really important, as part of the package of all the different tools that I have. This nine-period moving average, when it goes green, it means that the price is very pr- whatever you're following is strong. When it goes pink, I can make it red, I'll make it pink because I don't want it to interfere with the actual red bars, the down bars. It means that you've probably gone from a cell signal to a cell mode. That isn't always the case, but look at this. The Dow, today's the first time that it's gone into the pink, and the day's young. Anything can happen, but so far, that's what it is. All the others, S&P, look, here's the S&P, oh, why is it keep slipping around like that? What did I just do? Yeah, we go, let's get that back, if I can actually find it, oh, there it is, one, two, and then you see my background there.  So this is really important in terms of just confirming what we've been looking at for some time. So let me just go through all the numbers here, here's the Dow, I need to just get out of this, I'm not sure why, let's show it up like that, and I want to go there, okay. So what we're looking at is the Dow is down 76 or 34,870, using this arch formation, you see, we started looking at this as a potential arch formation, and it's so fascinating how prices do that, look at each high, as it got to this fourth highest PPD, look at each one was just a little bit higher, then a little bit higher, and if you look at the technicals, that nine-period moving average was really strong, if you look at the MACD, the moving average convergence divergence, it was showing that that high that was made right there on the 1st of August, that wasn't quite as high as it was on the previous high, this stochastic was really strong but it actually started to weaken, and then this blue line was right at a very overboard level, and using this particular technique, using just two or three techniques within the Chapman Wave smorgasbord of tools that we have, we actually went short right there on the 1st of August, but the reasoning was everything looked as if there was a short-term high, and that if there was a pullback because of the width of this nine-period moving average over the 40, it would take quite some time, it wouldn't just be, look at how much time it took, and then it didn't even turn pink, when the 34,588 high was made on the 16th of June using this one indicator, and turned around and it did it a one-to-one, perfect one-to-one to the upside, measured move from the 32,586 below the 25th of May, we go to less than just three weeks later, we go to the higher 34,588, pull back to the 33,610 level, and then we scream up to 35,679, and look even that you remember that day, well whatever day that was, it was the 8th, let me just check what day it was, it was the 10th, on the 10th we had that sudden very sharp move to the upside, but even then that nine-period moving average was slowly diminishing the distance between the green nine and the 14-period moving average, so now here's the thing, finally we've got this confirmation that the Dow has gone from a cell signal to an upgraded cell mode, that doesn't mean, oh my god, cell mode, now we're going to go down another thousand, two thousand three, it just tells you, it designates the tide, that now you're in this bigger tide, and now we'll see what happens, what's the 50-period moving average is right there at 34,682, I said based on, I show this to my subscribers every day, if I can actually find it, I did something crazy, yeah there we go, I said to subscribers to my opening call newsletter this morning, this is one of the charts we send out, this is the Dow daily, on the left side it just has moving averages, the Chapman wave notation, the middle one has automated Chapman wave resistance support lines, and the hundred and twenty minutes, and look how many support lines there were, all the way to the 200-period moving average, which coincided with this red, 34,894 support level, and we are now trading at 34,791, we're under it, so that's the one thing that was really important in terms of how we can look at a rollover that can take time, sometimes look the weekly chart hasn't even acknowledged a little dip, it's still extremely strong, so I've been saying for a while, it's the daily charts that we're looking at that are going to go from cell signal to cell mode, let me just do the exact same thing on the others, before we get to a break, here we go S&P, same thing, down below the 50-period moving average, MACD is weak, the stochastic is flat at 13%, that's not very positive, and the on balance volume is not even getting to oversold level, and you've got the pink 9-period moving under the 14, and all I can say is that that weekly chart is still strong, but finally the price has gone under the 9, it looks like it wants to test the 14-period moving average in the weekly chart, which is at 4390, so that's only about 19 points lower, and let's see what happens then, the monthly chart on the right is still very strong, QQQ, let me just do this quickly because we've got a lot to discuss, peak D in the Chapman wave, we're always looking for that 4th highest peak, that's where other things can happen, well lo and behold the 38, 387.98 on the, I think it was around about the 17th, 18th of July, there's the QQQ NDX100 sauce tumbling down, and now it's got this very big, almost pyramid shape in the daily, the weekly chart hasn't even given, we have to wait for Friday's close, so far hasn't even given a cell signal, and the monthly chart is still looking very good, IWM real quickly, the small caps, not good at all, down at 192, 186.21, and the weekly chart, and they made a double, these double tops are unbelievable, how prices get within one point, and then turned down even after months, I'll be back, Basil Chapman sitting here for Tom O'Brien, and the dials down 153, as if he's down 27, you're back in a moment. 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Look how unimportant the 200-period exponential moving average was in the 10-minute E-mini chart. Look, here it is, nothing, nothing. This is the orangey line right there, and all of a sudden, right there, it gets repelled, comes back, tries again, gets repelled, makes an arch formation. Let me just show you this for those of you new to my work.  I look at three distinct patterns besides rectangle formations, but this is straight up, straight down, cut formation, arch formation, straight line down, red, if it comes down, and then it goes to just one peak or two peaks peak A or B, I alphabetize them, and then fails and takes out that left side low. That can be really tough because it do a one-to-one to the downside. Same thing with the inverted Y, the reverse Y. If it takes out the left side high with a straight line up and then a cup or a V-shaped pattern, it can go much higher. Well, lo and behold, what do we have? We have the arch formation, it took it out, then you got the arch formation again, and now we've really taken that almost a one-to-one to the downside. So this is a tough situation right now for a number of reasons, and now I need to go through some of the other areas to explain what I'm looking at. If you get your major indices as a general, which is the Dow 30, was leading the pack, but you can't have the general leading without the troops, and the troops were saying, hey, we're going, we're stuck, we're going the other way. So now the Dow has to join them. Is this the exact moment where the Dow pulls back and then the others say, okay, let's have a decent try? Well, that's going to be the issue, and I'll talk about that as we get into the close. But right now, what we're looking at, what are the factors that really could be worrying the market? Well, the TLT just made a new multi-week low. The low of 91.85 made back in October, so all the way to 100, 809, somewhere in that area, made this arch formation, a double arch formation recorded a lowercase h that goes to a lowercase m, and it plunges down, and it's at 93.83 right now. So that's making upside action really tough to go on, and just traction, and you need to be able to find some level on the left side while we're getting close to a couple of points on the left side that says, maybe, and let's do the inversion. This is the TBT. There's like a mirror image. Well, this is the ultra-short limit 20-year treasury bond fund, ETF, and in a strong leg, E to the upside. There's the pattern we were just looking at, that green, if I can just get that to move, there it is, that reverse Y, and we've gone above that left side high. This is a leg F in the weekly chart. I'll just do a very brief summary of what I'm looking at in terms of these notations. In the Chapman wave methodology, let me just get up there, try to identify the lowest low bar, then merely count each successively higher peak, alphabetize them sequentially, uppercase A, B, C, D, E, F, and G. You'd never get an h in this methodology, and at D, other things can happen. It can recycle. It can do all sorts of things. That's where we can have, look, the sharpest move down. So what we're looking at here is that we've gone to an E. That also says that, is this the area where there could be some resistance? If you look at the T and X, it's slightly different. That's the 10-year, if you look at the 10-year yield, if I can hit the right button right there, look at that. T and X, there we go. You're actually almost at the high of the left side that was back in October at 43.33, 4.33%. Where are we right now? We're at 42.58 yesterday. It was slightly higher, and this is going to be the issue. Does, if, or how do we deal with the left side high, monthly chart peak D? Does it break out? Does it go much higher? And that's, I think, the worry for the market. That was one worry. Another worry is that crude oil, although it's pulling back right now, it's down to $1.78. That's big. Has, in fact, done very well, and the market was kind of worried about that. It did impact, in some ways, the IYT. Let me just have a drink here. A little tea to soothe the throat, although the throat feels fine. Just this little frog. So the IYT, which is the transport, and you really want the transport to be in sync with the DAO. That's the DAO theory. And look at the big move down. In the weekly chart, it's not such a big deal, but it is saying that the short-term tide has turned down. The weekly tide is just on the cusp, but it hasn't yet turned down. I mean, it looks like it's down, but there are no indicators to tell me that it's got a concerted move. So this is very important. And if you look at the VIX index, that's the volatility index. The volatility index is holding very well at 16.77, but that's still way below the 18.38, 200-period exponential moving average, which would be a target if this was going to become an even more serious decline. So it's a possibility. Now, I always consider the semiconductors as the oil of the 21st century. Just as crude oil was, it just permeated many things, but it permeated almost every economic factor that really resulted in our growth for the 1900s, the era of the 1900s. So chips are the same thing. So about from 1980, I would say chips have become absolutely imperative. So the semiconductor index almost always guides to the way up and guides the way down and kind of leads most of the time. I'd say almost all the time. And the semiconductor, look at this, down 2.22 at 146.61. Look at pink. It turned pink. The MACD is weak. The unbalanced volume is turned sharp. Low is getting a little bit oversold, but it isn't quite there yet. The stochastic is way down under 20%. It's at 19.64% under 20%. And just with disclosure purposes, I should say that subscribers to my opening call, we actually went short two days after the high of 161.17 in the 159 area. And we were kind of aggressive because we also got the three times short position. I was asked questions about it this morning in my show. The target conditions are 10 o'clock. Actually, let me just do this right now. I'm going to go to, if I've still got it up, I'll try to find it. Yeah, I'll get to it in a moment. So these, not just the moving average, but the arch formation, these are all techniques that I love to use. And it's really important that in the guidance of what we're looking at in terms of the market, the velocity, that is the torque, the ictus, the start of a turnaround up or down, what you want to see is tremendous follow-through. Well, this red candle in the semiconductors, I would call that certainly huge follow-through. And that follow-through basically is saying, within all the different aspects that we look at here, that velocity, that torque gives the MACD momentum. So on the way up, we like to look at the torque of the stochastic leading to the MACD and the ninth-grade moving average. And yeah, we've got all of these things going to the downside. So this is a really important moment. And the weekly chart is still saying, what are you getting excited about? I'm just taking a bit of a breather. At this point, that's what I think in these. We'll be back, Baselchamp is sitting for Tom O'Brien dollars down 173. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Hi folks, so just to repeat the volatility index, the VIX index, that's kind of the fear gauge, let's just say, is up only 36 cents, up 2% at 16.82. And that just says that there's a market sell-off that's unfolding and so far hasn't quite been recognized by the volatility index. That's the reason why I'm talking about that 18 area. If in fact we get to the 18 area in the next couple of days and it holds it on a closing basis, that's going to be important. That's just saying that all of a sudden fund managers are buying insurance. Okay, so let's get that out of the way. The other thing that we're looking at here is gold. If you look at gold, just in terms of action, price, action, there's that pattern, that H pattern that we're looking at in the weekly. So it looks like this week in Mike, we don't know yet. The law of 1940, that was in the continuous contract, June, the last week of June, we're under that at 1923 right now. In this methodology, we've got two bars, maybe three, but I usually like to think just two bars in which to close above that and that's going to be important. Why? Because look, in the TLT, we're above 91.85, but I'd use the same methodology right here for these arch formations making 98.88 really important support in the weekly chart. And here it is. This is the, it went under it the week of, this is bonds, right? The week of the 14th of July, 98.85, then it ran very nicely higher, had another higher low than the one that we were talking about. And then three weeks ago, it plunged under it and had followed through red candles. Well, the week is young, the weekly chart, you don't want to talk about it as if it's done, but it's got two days to go, so it's not looking very good. And that's the same methodology at 91.85. If it closes under that for two out of three weeks, closes under that, that just says those yields are going to break out, the market doesn't, will not like that. So just when I said, I think that we are based on all the, look, the TLT, this is the unbalanced volume. To me, it's getting really close to at least a bounce. That's just a bounce, it's an oversold, I only use oversold and overbought with this unbalanced volume. Oh, by the way, I'll be doing an opening call subscriber webinar Wednesday, August the 23rd, a week from today and for, in fact, exactly a week from today, 4 to 5.30, 19 minutes. The power of the 9.14 moving average and other indicators in the Chapman Wave methodology says a live subscriber webinar. And so within that are how to use the 9.14 moving averages to assess sustaining power, how to use the unbalanced volume for potential price. That's what we used for the turnaround in the Dow right at the top in August the 1st. It's actually what we also used for the low that we still long from October and actually from the March low in the Dow of 2020 using these techniques. So I just wanted to go through that many other things. I'll talk about that, we'll have time to do that. But most importantly, what I am looking at here is the power of the 9.14 moving average. Look at this, the 9 was pink all the way in the one minute chart of the E-mini right there at 2.43 this afternoon, eastern time at 44, sorry, 4,448 in the E-mini and has come all the way down here to 44.24 and look, it just turned green. So that's not a timing tool, but it's a confirmation and yet we haven't, I have to wait for the entire one minute bar because this elk can just disappear in a second. And look at the weekly chart. Even with that big rally, once it turned pink right over there, and that was a small hang at about on the 16th at 12 o'clock. Is that, yeah, 12 o'clock.  It's still pink. So that's the power. It's one of the technical tools that we'll be using. Okay, with that said, let's go to the GDX. And that was the question really, in the GDX, where would you start a position for the last couple of days? I've been asked that question. I said, I just don't see it yet. And you can see the on balance volume itself is also not even in the oversold area. Stochastic is at 12%. Magdy is lousy. The pink 9 period movie average is way under the 14. And the weekly chart is not really, so I'm just, I don't see anything in gold just yet. And let's go to the dollar. So the dollar is at the 200 period moving average resistance. It's stalled there. But actually, this is the, it's had a nice little balance game the last hours at 103.45. I should mention, we actually, the longer dollar from 2018 at 90.07, wrote it all the way up, took a little bit off on the way, still have the core position. Sword go to 120, where did that go? Sword go to, so this is 18 from there, long, right there. Sword go to 103. And then it pulled back to 89.21. We used the UUP and that stopped hell. So we still have it. It went all the way to 100 and this gets smoothed out. Okay. It went all the way, it went all the way to, in September of 22, went to 114.74. And now it's kind of in the sideways range in the monthly chart. But in the very short term, this is good action. This is a very good action because it's a V-shaped pattern. But look at the weekly. The weekly says it is good, but it's just stuck in a range. And that says go to the EURUSD, the Euro-dollar currency pair, and look what we've got. We've got a peak D. That's the fourth highest peak. It pulls back from the 1.12. It goes all the way down and it's still very weak. So this is going to be absolutely imperative to hold the low of the E, 6th of July at 1.083. And you've got a peak D in the weekly chart and that says, oh, you got to be a little careful here because that nine period is very close to turning down. And if you use the USDJPY to confirm any rally in the dollar, when we were over here, I was saying in the Chapman methodology, with this strength, we should see a move above that D to try to get to that high that was made right back there in the yen at 145.06. So yeah, it is. This is the leg E up and away as a 146.33. So and it's in leg D. That's the objective in the Chapman way is to go from a buy signal, upgrade, see it upgraded to a buy mode and the implication is it should go to at least four higher peaks. And yeah, it is. Does this say 150 is in the cards? I just can't say right now because everything's very strong, but I don't have an indication on the upside yet because it needs to take out on a closing basis this really ugly candle with a higher of 147.56. And that was the candle of the week of the November, the week of the 11th of November of 2022. If it does that, then I'm going to say yep, it can go all the way there. So within that context, a couple of questions that I had a little earlier, I'll do them again. The question was jets. I didn't do this this morning. Chess is the US Global Jet ETF. Look at that peak E at 20 to around about 20 to 50. And it's at 1965 getting close to 1945 200 feet moving average. This is the call to Chess. And has anybody caught a plane lately? They are packed. It's happening. I'll be back. Basil Chapman. Total Brian does down 150. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. So, the question about the USO, that's the United States Oil Fund trading down $1.20 at $7142, this of course matches the oil contract. It's okay, it's doing well, it's done it really, and I think that was the big surprise that it went from about the 57 area up into the 75, I mean percentage wise, that's huge, right? But at the same time now it's got a really important digestive phase, how it holds is going to be important. Now I think we've got the momentum of the selling. Now you don't actually need all these other accoutrements. It's just now we're going to get to an over sold condition where people start throwing out really good stocks and now just while we're talking about that, let me do, have I forgotten anything that I needed to do, I did the TLT, I did that, yes. So here we go, Amazon. So Amazon is down 2.22 at $135.46. It had this sudden spike to this, almost like what I call the Chapman wave rogue wave, but it has just a couple of the characteristics, but it's starting to fill the gap. So at $136, it's really important the $128 level, let's go $132 to $128, the 9 and 14 period moving averages in the weekly chart, that's going to tell us to get the 9 to go negative in the weekly chart, Apple will have to trade under $120. That's 15 points. There's another 12% from it. It can do it. I'm just saying that that's what it would need to do. And even the daily chart hasn't given a single in the 9 period moving, it hasn't given anything. But the MACD is just about to turn negative. It hasn't yet. Stochastic is now down under 80 at 71 in the daily chart. And as I say, the weekly chart, so look at this, $145.57 was the high in 2022. And that was in, I think it was August, exactly a year ago, 8.18, 8.19, the week of the 19th of August, it hit $142.80. But why is that $145? Oh, hi, $146.57, $146.00, not $145. And what was the most recent high? I mean, how the market does it, how the market has a memory, of course, it's not the market, it's us. It goes to $143.63. Let me type that in. $143.63 within less than two points after over, is that over a year? Exactly a year. It goes all the way down to 80 and then comes back and it stops dead right here. Isn't that the way horizontal levels are memorized very well, but actually fascinates me and I don't have a chart right now in front of me that I suppose I could look at this. Look at the way trend lines are so, this is a tab wave inside wedge target resistance line. So I'm just going to take it and I'll show you something fascinating. Look at these trend lines. I'm sorry, look at these price points.  I mean, how does markets now horizontal? I mean, diagonal. I understand horizontal because you know what the low was, you know what the highest, but to know the measured move to get each one of those, it's fabulous. Ah, the market, isn't that it? What an interesting vehicle it is and instrument of. It's like trying to play a strativarius here. So as I said, live subscriber webinar. I did what I did mention is that it'll be archived and if you sign up, you get 30 day risk-free trial for Basil's opening call today. It's starting immediately and this is a really important time because we are putting on trades. I'm not afraid of the market in terms of it depends on what you go from the long side. We've got one new long that's doing very nicely and one would be started today that I should have started a little on a, we got the pullback, but I should have waited for a deeper pullback. So maybe we'll get stopped out of it. It's a $4 stock. I went in this phase to have nice, very low price stocks that we have very tight stops, but if they work, they give really good gains. That's not as good as the three times shorts were, which are all working fabulously for those people who have any of them at this particular point. Okay. So another question came in that I really need to get to, I'm just looking around to see if I can say. Yes, I just want to, I didn't finish that off to say that the monthly chart of the oil, it is above the nine, the nine period moving average is good. It's above the nine period moving average. The bank hasn't crossed positive. The cast is very weak at 25 on balance volume this week. I think crude oil is going to stall at some point very soon. It could even be now and it will come back on fire. I shouldn't say that. It should come back as a leading index in the, in the, in the oil and heating oil. Let's see what heating oil is going to be doing at this point. Heating oil is pulling back a little bit. It's actually holding much better than crude oil. Look at those monthly triple top right here, but we can't talk about it as a top, but I'm saying it's getting into that range. So heating oil at 3.02, not bad. It is at leg C in the chapter weekly chart and it should go to a D because it's in a buy mode, 90% stochastic. Magnet is good. On balance volume is a little overboard. Nine's way over the 14 and the price is way over the nine in the weekly. So this should go higher. Heating oil and of course it's the season. Then I had a question about natural gas. Natural gas has just been a terrible vehicle. I thought that there was a good chance on that big spike that it was raising the support level, looking out, going into September, maybe October, that I was starting to see signs of technical improvement in the weekly, but price is price and this moved down to 259 right now says it's just back in the same old same old. It has this big cup formation right there and went to a higher high and now you've got a second chance of a cup formation, but that's 2.50 level. That has to hold on any pullback. So yes, natural gas looking out. The weekly chart is just in this long elongated narrow rectangle formation. Not in one of my favorite patterns unless you recognize that in a rectangle formation if it goes above the resistance at the top, it can come back and test the low and sometimes break it and then you can get the big move to the outside. So let's just watch this. I don't have any opinion right now on natural gas short term, longer term. I do see an improvement. That doesn't mean to say that it's going to sort to the upside. It just says there's a technical improvement.  Oh, XLP. So this is where money usually goes to. It usually goes to the S&P select consumer staples spider fund when the market gets nervous, but I was pointing this out the other day. That peak, the fourth highest peak, that's where other things can happen. Right there on the, was that the first of August? No, the 28th of July at 76.40 needed to hold the 900-period moving average of 74.23. Two days now is below it and it's got this H pattern in the weekly chart after a doji peak D. This is not good. So that just says 72, it's at 73.47. On a weekly basis, if it closes under 72, there has to be select consumer staples spider XLP. That's just not a good sign at all. Another question came in about FXI, that's the China large cap, testing the left side low of July at 26.68. Also, doesn't look very good. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox.  Ready to join the ranks of successful traders? Head over to tfnn.com and subscribe to Market Insights today. Don't miss out on this opportunity to super charge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns. Finding the peaks and valleys in stock prices.  First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com. Educating investors. You can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com. Educating investors. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Hi folks, for this last segment, I'm Basil Chapman, sitting in Futomo, Brian. We're looking at the Dow down 160, so let me just show you something. So what I've been discussing from subscribers to my opening call is that the other indices have really taken quite a beating in their daily charts. The weekly charts are still really good. So if the Dow, which is the last it did it today, if this is the last one to see the nine-period moving average flip negative pink underneath the 14-period moving average, then I have to say, okay, now assess to see whether or not we've seen this before. Let me just quickly show this chart here. This is the S&P. Look what happened here in the S&P for a day. The Q's did the same thing. Look, ever since the low that was made back in when it turned green back in 28th of March, this has been green all the way except for one little day that could have taken you out right there on the 5th of May, and then it flipped back within a day. It was back to green, and it's been green ever since the S&P until the 8th of August. So sometimes you have to wait to see. So it depends on the distance, and these are things I'm going to be discussing in the webinar I've got a week from today which happened with subscribers, they're opening call subscribers. The distance between the nine and the 14 when it does turn pink to Michael show pink is going to be the clue. If it's very narrow, it's going to say there's still some support, so be careful, you can still have around it. If it starts to widen and we might see selling pressure all the way into Friday and then Monday we might get a low. We might get really decent trading low, I'm not sure, because those, let me just show you once again as we're wrapping up here. Look at this, the S&P which was stronger than the QQQ has now turned down very sharply. It's going right into this whole area, this consolidating area of the 4402 to 4390, and the QQQ is even deeper, but look at the nine-period moving area which is saying we're really close to least the bounce, so keep in mind the tide has turned on the daily charts to a more serious down mode, sell mode, now we're looking to see where support. Have a great rest of the day. Oh, we're wrapping it up.


We're trying to teach our youth players and the players who have never played before how to the basics of soccer and we're trying to introduce the program more because a lot of people from our county have never even heard of soccer, don't know how to play it. We're just trying to introduce it and make it more popular. We're doing offense, defense and agility so agility is like the running drills things like the ladder and stuff like that. Defense is basically just showing them how to defend like what positions they'll be in and offense is scoring and stuff like that. It's really fun to teach them you know basic basic stuff you know how to play and then so when they play like the right soccer and stuff for the county they know what to do. It's a lot of running is the main thing it's a lot of running and a lot of people can't do that so we think it's important to train and which is why we do the agility part you know that's one of the most important parts. It's very difficult to run. You're running like two and three miles in an hour.


Hello, thank you for joining me. I'm on a train and I'm not going anywhere It's quite nice train to be sat on And I can watch trains a lot out the window I'm a crew heritage center. So following on from our miniature railway video this video I'm going to show you the heritage center. So I'm going to get out of my seat This is the APT the electric APT The first tilting train in Britain the last video the miniature railway one ended here It's funny because the miniature rail which goes both sides. If you look out there, you can just see a track And if you look out there You can see the other tracks when we're on the miniature railway. We went all round the APT Now we're having a look in the APT itself. Well, there's a London north-western railway class 350 passing So let's have a look around crew heritage center and I'll tell you a bit about it. So we're in an APT carriage We are slightly tilted It feels a bit weird and being a bit tilted See it gives you an idea of the layout of the train And we go through here There's a toilet just there not particularly big bit sort of Typically sort of 1970s looking this is where you finish the other one because I said how's this model and you've got the Barbies and Ken as passengers enjoying a ride on the APT So if we go back outside now because the next carriage is the power car and we can't go through that So there's the miniature Rally The loco is just running around its train So this is the power car So passengers can't actually go in the power car So we have that's why that's come outside to get into the front Free passenger carriages, so I'll have a look in them and then we'll go and have a look in the exhibition Where there's some model railways and what I've done. There's a few model railways here So rather than meet too much while the trains are running. I'll make a third video So the first video is a miniature railways second one was the heritage center itself And then the third one I won't speak and it will just be footage of the model railways So if we just go through here Thank you This is the first-class carriage of the APT so you can see there's two plus one seating and The seats are nicely lined up with the windows the luggage space isn't that great Then you've got all this room here between the seats in which to put your luggage So that's first class. Let's walk through into standard class now I think this carriage here this very narrow, but this is the buffet Looks like that she did draft beer on a train. Unfortunately, there's no one there. So I'm can't have a drink Be quite nice with this and have a drink on the train. So this is Back in standard class Even then there were seats which didn't brilliantly line up with a window, but at least you've got some window That's all right. He's nice lined up with a window. We go through here into the front carriage And then the driver's cab will be just be on there Why the tartan seats it, you know, you know, you're going to Scotland when the seats of that color He's just been using the toilet So let's go back outside just show you from here that is the spare APT carriage or power car rather that was the electric railway Museum of Coventry until it closed and it ended up here 87 locomotive now never traveled behind one on the West Coast mainline, but I do Remember seeing them remember going to Birkhamstead castles a child. It was all 86s and 87s before the Pendelino Exhibitions and now so I'll just point out. There's a few more rallies, but we'll see Better later So now let's walk into the exhibition center Itself, so it's a big room. There's a few interesting things the cab of a 47 and behind us is a whole class So there's lots of this tells you a lot about Crew in the area there's that interesting vehicle there, which I'm not too sure what it is so little models of Buildings you'd have found in crew. So this is one of the pups Check world arms and over here there is some Interesting vehicle. So you've got a mini ice cream van Which seems to I think you've set some music off Another I'm not sure it's ice cream van and then you've got Yes, a box of ice cream van and a Bedford ice cream van That's a model of the pavilion in Queens Park in crew and noise. You can use the train outside Some more buildings here So now let's go back outside and we'll have a look around The rest of the site so I'm going to kind of take you on like a whistle-stop tour of Crew heritage center I don't want to show you everything because the idea is I make these videos and you can come and see if yourself But I'll certainly show you some of the best things There are to see here So walking back past the APT Set of wheels there There's the routemaster again wet in that door Let's go over there. Now that is the signal box the crew Junction signal box the North Junction because obviously crew is one huge junction and Insignal in terms is divided into lots of smaller junctions because some stations can have one signal box that controls the whole station But some are like crew not sure how many signal boxes there were but there must have been quite a few There's the miniature railway again So we're kind of now coming down to the apex of the two sides of sight So goes that way and that way and the miniature as I said is a v-shaped the other way it's quite unusually shaped So class 87's There's Not sure how many have been scrapped. I think there was 35 of them 110 miles an hour I much prefer these and a set of mark twos or frees and pendulino's That's those, you know things move on a few have been scrapped. This one's preserved here There's one preserved at the National Railway Museum There's one of them the only one that's mainly certified Shunster sleeper stock at London Euston and there's quite a few of them in Bulgaria. So There are still it's still possible to travel behind them, but not regularly only on the odd rail tour both in England Or I don't know when it's last been one and if there were any rail tours in Bulgaria I think they're more for good. So they don't reuse them on passenger trains Otherwise a tiger on the roof, but there you go This we can see that is part of where the 18-inch gauge tramway went up to the signal box I'm not quite sure the exact purpose of it needing to run up there, but I can see some Wagons, we'll have a better look.  There's a little cafe here. So I'm gonna walk through the cafe We're gonna go up there to the gallery where you can watch trains So that's the cafe in the shop So we're now downstairs in the signal box. There's quite a lot to see here I'm not gonna show you everything Because it would take a while And whenever I see these things, I would end up buying books and videos Which usually annoy certain relations of mine A nice modern railway here, an American style railway But I'll make a separate video on this with the trains going round I wanted to show you this This really nice viewing window to a cruise station I remember when I last came here Ten years ago, I ticked off my last Pendelino here The last one I hadn't seen it went past and I ticked it off So yes, great modern railway American style model railway So in a separate video this And the model railways we saw in the other exhibition hall will be shown I'll just quickly show you this one. There's a little model railway there Which isn't running So there's no video, that is an AF With a good strength. So there's all sorts of signaling equipment Far too many for this guy, there's too much data But if you like your signaling, it's great. Now this is cool This is all the relays underneath the signal box from an electronic signal box There's just, you know, so many relays. It's really quite fascinating So there's a lot about signaling here as we will see more of. Let's go upstairs now Here's the tower signal box itself. Look at that array of little levers It's a bit like, you know, the Beckinscott model village where we have been a few times They've got a signal box a bit similar to this, controlling their gauge on model trains And but this is on a really big scale Stuck to rain again There's a railway station out there There's another array of signaling levers It's amazing There's a huge map up there of everything it would have controlled I'm not sure how many people they needed, but there have been probably quite a few people up here Now, let's just brave the rain for a moment There's a light engine on the middle of the railway down there This is, what's great about this is you've got a good view of both railways So you've got the west coast main line here That's going up towards Glasgow That's the line to Manchester Railway station's there And the lines to Chester's over there So where are we going to go now? Pasto's Locos For the other signal boxes and we're going to see some more signaling It's shame that it doesn't work as well Whether we want to stand out here in the rain waiting for one There's some of that 18 inch gauge railway that used to run around the whole of the crew work site Crew work's about half a mile over there Now let's go back down the stairs again Generation of the APT Of course you've got Pendelinos The other thing that happened last time we came here Duchess of Sutherland just happened to go past But everything now happened today But that was great because I saw three generations of west coast main line now Now instead of out the APT with other power We can go in this one have a look So let's do it and get out the rain Very small All sorts of motors Don't know too much about it So I think when they were in service passengers couldn't have walked through here So in my books technically it's a loco haul train Because to me a loco has to be a vehicle on the train You can't travel in So HSTs, TGVs to me Are all a form of loco haul train Well that's a power cut I suppose However he's not a loco that's a Driving van trailer Now I remember these On the London Liverpool Street to Norwich In fact even quite risk I've travelled on these out of Norwich But not to London But to Great Armour from Lower Stop When there was the famous Short set with a Class with two class those things That train coming here it is Another Virgin Voyager That's the lift that was on Class 37 I don't know sometimes they might do Passenger rides up and down This little demonstration It's not very long But maybe they do that on special events I'm not entirely sure There's a diesel shunter here I think it's a Rolls Royce Built diesel shunter I'm not entirely sure And A free shunter Maybe that was a great brand one Maybe it's built up Signal boxes Through Station A So I'm not sure if that's its original site That's Tesco's by the way As well as many Tesco's Are surrounded on all sides by A heritage railway centre And it's up stairs Through Station A We've got a nice little window frame So it gives a I assume that's Possibly this section Of lines this might be its original place I'm not sure that's a book That's what the signal one Would have written down All the train movements Now We're going to go and have a look at that one That is Believe it or not it's from Exeter It was taken apart when it closed In I think 1935 they bought it here And it's all working It's not actually controlling trains But it's controlling signals So let's go and see See a signal box It says signal box open Way in So we're now underneath The signal box So when a lever is pulled Now you can hear All these moving You can see there's weights And all these different colours That pulley just Dropped So that was someone upstairs Pulling levers Into signal box So let's go upstairs and see what we can See a signal box in action As if he's It's like As if the trains are running through Of the train So it's a really smart job Why he's constantly pulling the signals The signal one's very kindly said I can have a go So he's given me his Rag, Duster, I think I've got pull 91s that's a black lever That's a point No plunger So here we go So that's, I've just Changed a point there Do you want me to pull anything out We can get Jess and see The little box ones on the bell So that's how they communicate With Jason All these bells ringing There's a diagram of What would've Of all the trains running So now I'm going to Press the plunger Like that Release it Now pull the lever I haven't pressed it properly You've got to hold it down Now you can't do that You've got a camera in your hand There we go I've now just set a signal To let a train go through That was quite fun From Crew Heritage Centre Hope you enjoyed watching this video Finishing up here That was really great fun To have a go at pulling levers In the old extra signal box Hope you enjoyed this video If you're ever in Crew Maybe you're just changing trains And you've got a few hours Then do walk from Crew Station To come visit the Heritage Centre Thanks for watching And goodbye


The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> now David white And welcome again as we get ready to rumble With the Fed coming out up 32. Is that right? Let me update this just to make sure up 18 We were up 32 just a second ago on the S&P NASA except 27 crude oils up a big five and a half bucks Gold down about three bucks and not much happening there and then the church of what's happening now Of course, we had a little bit of bounce Not uncommon In these feds to see a little higher a little lower a little higher a little lower and then maybe about 315 when he's done with his babbling his prognostications That don't have really any Any iron to them We will see what the market makes of it But my thoughts are that we've been dreading this half a percent Thing and it's kind of like someone it's a difference me someone that sneaks up behind you and pulls the hair and Someone that says got a hold of one of your hairs and says in the next five minutes. I'm gonna pull your hair The other the second one is always more painful and I think there's been a lot of psychic pain that he's endured by by talking and talking and analyst babbling about the Thing and everybody's gonna go. You know what? We're still here The trains are still running the planes are still in the air Well, maybe it's not as bad as everybody thought it probably is but that's just the way the psychology the market moves So we'll keep an eye on this but look for a little bit up a little bit down and my guess is by the time We roll around to the end of the day That probably be a little higher Anyway, we shall see but everybody all nervous and as they say sell on the trumpets and buy on the cannons and certainly this is a Little bit of a volley going back and forth eight seven seven nine two seven six six four eight and You can email me at path at tfnn.com and What else put a message in the den? Was this a cannon shot? Yeah, not so much over the bow, but kind of on the railing Certainly not one on the the on the waterline that would have a sink fairly quickly But yeah, there's some shrapnel flying around if you've ever seen any of the great pirate movies Of course, what in the cannon the ball that killed so many people is all the splinters that went around and eventually caused people to Die from a lot of other things mostly infections back in the day And that's it. So you wonder exactly just how bad it's going to be but Initial rally, I don't know if you think long. Do you think wrong? I think a lot of people decided they were just going to short no matter what waiting for a bounce But by the end of the day, I have a feeling they probably Are at a draw I'd say right now look for a close over forty two hundred and less He decides to drop the chalupa In the punch bowl before the end of the day, but I don't think he is I think he's probably going to be a little bit Benign now that he's got his pound of flesh with his half percent rate I'm going to drop the chalupa today instead of the baby Ruth in the punch bowl But yeah, there's a little bit of everything out there for us But light and variable and of course volume into the sell-off earlier in the day wasn't bad We started the show at two o'clock with about six billion shares We had about seven billion shares yesterday. So volume did decrease now. We want to see what volume looks like Tell her the end of the day and which way we actually close and it'll give us a hint of how really worried people are Or are not Okay, what else do we have going on out here? Did the fed do a pearl harbor? Nah, I think he just kind of strafed the troops a little bit But uh, he could still come by and drop the big one But uh, yeah that will end the war. I don't think there's that much Uh, let's talk a lot a little history and then we'll get into some charts as things move along A little bit of history repeating It is history repeating and on this day in 1984 del computer corporation is founded by michael dell Running the direct-to-order pc company from his dorm room Del eventually became the largest manufacturer of PCs in the world for many years But uh, hp and acer and a lot of the other taiwanese brands far surpassed them today He left the company. What in 2004? Came back a couple of years ago took it private Got a lot of stuff fixed Now fattening it up for the sale He's actually done some stuff to create new products and get out of just moving boxes But a great deal is about those moving boxes and monitors to corporate america And uh, he continues on to today Okay, what else do we have? Well, let's start taking a look at Uh, what we have in the markets and look Uh, at the reaction or lack there of of some of the bigger stocks out here, of course, uh, we had uh Amazon blowout Uh, see four days ago. They had 13.6 million shares And that's a lot for a $2,500 company Um couple days ago 4.7 or excuse me 7.4 and today about three So we got about half the volume in a little yeah about half the volume We had three days ago and of course 13 million shares. So this is starting to burn itself out I don't know if there's a whole lot, but you can get back up to 2,500 Just on a dead cat bounce, which is kind of the way I've been describing this whole week Uh, we'll get into some of those other ones Uh, if you uh, think that there may be confluence on some of these and where you would want to Think about going, uh, either selling the bounce or Shorting, uh, make sure and email me at path at tfnn.com Uh, the first question of the day Uh, comes from joe and he wants to take a look at ccj Again more of an issue. I think with china than anything else Uh, but uh, you pull back to support It's actually not so bad Unless you were long up there at 32, uh, what else do we have here? Let's take a look at this um The downside is you really broke through what you would have probably wanted to have As support, uh, but you're certainly in Um Larger confluence range now when they're this wide they tend to be muddy And they tend to consolidate a lot when they're very thin. They tend to riley right off of it Um, but uh, yeah, could you get a handful more days of this thing going sideways? Uh, before you get a bounce out of it of significance I think you could uh, there's kind of a uh a gap at about 27 50 My guess is uh, when this thing does get burnt out here Probably going to go up to 27 50 27 66 area and you'll uh You get an idea if there's any volume or energy back in that we'll be back in a minute Are you grinding in the market? But seeing little to no return or are you a successful trader simply looking to make your job a little easier? We'll learn to take the path of least resistance with david white's powerful trading newsletter David white is an accomplished trader whose deep understanding of technology and the markets Allows him to consistently find and share winning trades support and resistance Define the ranges in which stocks trade by understanding these trading ranges David white is able to find the path of least resistance David white's trading newsletter the path of least resistance is delivered daily Before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to david white's ultimate trading newsletter For $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee Take the path of least resistance at tfnn educating investors What's separating you from the most successful men and women on wall street? 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Watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors Toll free at 1-877-927-6648 internationally at<PHONE_NUMBER> As we return Have a couple questions first one's about options I'll run them during the uh 240 break. I want to see what happens here In the 40 minutes after the announcements and see if there's anything But they the option market makers have been very bullish Up and to this point. So maybe they changed today. Maybe they don't From what I saw before I figure that we close above 4200 on the s&p cash today. So we'll see whether that Comes out. I know it's kind of bouncing around now but It's looked pretty good. Anyway, I'll run those during the uh The break here in about 20 minutes. We'll see if anything really changed But we've got to give it a little bit of time see if market makers have decided to move the cheese, but they're they're They really don't think there's a whole lot lower. Let me put it that way now like I said Putin could drop dead and he could nuke somebody and those would be fairly big binary outcomes So I'm more on the option side of the market than throwing a lot of money and equities now question about uber Long-term thoughts I'll give you some short term One you had a pretty large gap down on the 6th of april You have your second gap down today. And as I said, I don't touch stocks That have two big gaps because 80 of the time they get a third big gap lower And it may take a month or two for this thing to get it. But the odds are so stacked against you on this But you know, they do have a lot of times some symmetry So you have one two three four five six and let's say Let's say you got 20 days between that first gap and the second one It's not uncommon to see maybe 15 to 25 days before the next gap And maybe you get a little bit of a bounce out of this thing The downside that I would say is that you don't have that big a bounce Right now confluence sits at 32 26 Actually, that's fairly decent on a percentage basis. Could it go up there and then fail? It's not uncommon with two gaps to get this one filled get a little bit more and then you get the third gap But again, you don't know where that gap is coming Um, and just the propensity for two gaps to end up being three large gaps Uh tells me that way. So if you wanted to play it, I would only play it with options Uh, the most I think you could hope for out here is about 32 bucks Which is still fairly decent, uh move on that. I just don't know if there's a lot of reasons to play it Uh, certainly give it three days. I don't think that there's any reason before next week To get involved in it Fundamentally The whole ride sharing thing is a problem It's not a week goes by that you don't read about another company or a country That is changing the rules that which uber and lyft work on I know I've got some friends whose kids Did it now they just kind of look at it as ways of making money to give uh to the car payment and buy new tires And really not make that much money. So I think that there's it's kind of had its day in the sun To some extent and I'd really want to see a very good sign of a low in uber and lyft together Before I started paying it higher. Yeah crappy job Drivers have done the math finally, uh, they've seen their bank accounts, uh emptied By spinning it on especially on gas now. I don't know. Do they get uh higher rates now? Maybe somebody knows I didn't even look at it But I'm wondering it four bucks a gallon or four and a quarter around here Uh, whether it makes even less sense than it made before but uh should be okay Oh, he bought uber puts well hats off to you a tip of the hat a knot of the head Uh, since this guy bought puts but uh, yeah, I don't know what puts you bought when they are at Uh, I think you're probably talking about three days sideways on this one So I don't know if there's a great deal more to be had Uh, but uh, you know if the market turns south and sour and dour Uh, certainly could be it and uh, we shall see eight seven seven nine two seven six six four eight Okay, uh Microsoft flat on the day, but we'll take a look at it anyway And see what the usual suspects are saying Yeah, you're just uh, you've had your bounce Um on a chart basis You had your low You had a bounce with decent volume. You were up on the 27th of april with 63 million shares You're down a little day on 15. There's not a lot of juice here pushing to the downside We'll see how the end of the day comes Uh, but you hit that gap now three or four or five times Um, yeah, maybe you're ready to go back and retest the high of the 28th Which is what uh 289 I wouldn't you know, that's not a lot, but any of these stocks Uh, could move the bigger indices Uh, a bit and as I said, I'm kind of thinking that uh Maybe we go higher here, but fading. I don't know what has he said balance rate things cut And he's not even talking yet. So who knows maybe he comes out and uh starts uh spouting rainbows and unicorns Out of some orifice and everybody loves it uh apple, uh Actually above but not on volume today 58 million shares, but everything's fairly light You did kind of go fill this gap down from the 29th Uh, you are above the three by three So that's it. Um energy was just slightly lower on the way down, but it looks to me like a bigger trading range Uh, the real problem for apple on the upside would be getting through probably 72 73 bucks Where that gap resides Uh question on my call on uv x y Uh We're down four percent. Uh, not that far to 13 Uh, are you still looking at that? Yeah Um, it would only take another day or two and again, you don't have to go higher. You just don't have to go lower very much Uh, so I would not be surprised especially if you see a little bit of a push Toward the end of the day and a rally into friday's close. I think friday you could see Uh, the uv x y at 13 or 13 and a quarter or something like that Uh, okay. What else do we have? Okay Um Hey got that. Okay Just some house cleaning stuff question about netflix in my discussion about Uh, the impending doom of all streamers Um, kind of funny. I don't know if anybody saw it and I almost tried to clip it Uh, but there's a fairly famous tweet from netflix in late Uh, 2017 or 2018 Uh, where they were talking about sharing your your uh password And it said sharing is caring How things change Uh, they're not very happy with anybody sharing anymore But apparently a lot of at least everybody says they're doing it. I don't know anybody that's actually told me they want to ask Maybe they don't I would say Yeah, maybe somebody at the end of Lots of people sharing You will If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every monday morning. I published a gold report with coverage of gold silver bonds the xa u hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with a tiger's den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigeresses as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com tfnn is excited about our new software charting program the art of timing the trade chart In collaboration with tom o bryan and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups Including guardleaf abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks Or even months searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com as we return We've got a color It's jim at boston. How you doing today? Give me a full report Okay, so you know i'm wondering about western digital. You always have some interesting fundamental color on these these uh Drive stocks and uh, and so it looks to me like the gap up Yesterday was a little bit manufactured and uh Just just scouting it out for a long term kind of situation Uh, what's talk about the fundamental part of selling hard drives? Um For the most part if you're talking about spending hard drives you have two companies that you can go to Of your customers 90 of your business is to cloud services So you've got five big customers between western digital and seagate They're all making bigger and bigger drives Um, they can't really get that much faster Uh, they're throwing things like nitrogen and helium in them to actually helium Uh to keep friction down to get them faster and to keep more data and a lot of other stuff Um, but you got four customers and of course seagate in western digital are always Having to fight for that business from amazon web services or google or the government or whoever's stealing all your data today um now the money Is in high availability server business Which is very very very very fast SSDs and very fast spinning drives So that's where The winners and these are going to make it, but the problem is every year you get more and more Uh of the business going to SSDs, which is really just a memory manufacturing issue, right I mean In that when my when I really started to make uh, uh a a debt with the company I was with The problem was that they had, uh Vcrs for broadcast television stations But there were a lot of problems with editing. You had to back up the tape. You had to get this to the ballistics Absolutely perfect to get the the edits together There's a lot of other issues a lot of technical issues to to get through and The way the most people in technology talk about that is black magic dark arts Right, there's something that you can't just get a caliper out or a slide rule and figure out There's something that you only get by time doing it um, I compare that with like qualcom, uh, which is uh In the black arts like that, yeah Yeah with rf radio frequencies because they don't there's nowhere to just go to a book and know exactly how something's gonna respond and so All of their intellectual property for western digital orc gait either one is all about spending hard drives When it gets to ssds, it's just a memory manufacturing thing. So It depends on whether you're talking a short term or long term long term. They're out of business Long term eventually they're going to be the last company that makes a buggy whip. Uh, there is some newer technology Um, that's coming out that looks like density would be much better I don't know about speed, but there's some stuff in that part of it Um, and the question is feeding drums. Did you say Dave? What's that density of ssd drives? Uh density of uh ground up diamonds actually Quantum diamond technology, which is what everybody in silicon valley is looking at now, but I don't know about um Exactly, you know when this stuff's going to come out, but apparently everybody that's where the throwing their money at the moment Um, so you you really You know eventually there's going to be a technology that surplants spending drives And when it does it's probably not going to have a lot of black magic Right, it's probably going to be something that they can crank out at scale and whoever gets to the uh Uh to the cheese first is going to be a big winner for a while On that, uh, and then eventually everybody's is going to do it so Generally, you know you get these giant moves off of a change in technology Or as I like to say a change in magnitude Uh of technology also comes with a change in magnitude of price An order of magnitude in price and I'm just wondering when these guys die off But we haven't seen we haven't seen it quite yet The problem that I see long term for these guys and why i'm pretty sure they're going to die off Is you've kind of got All this data think of about it is like 10 million people living in downtown And you can't really build a lot faster highways All you can kind of do is pair them all up together and say everybody goes uh downtown at eight and comes home at four To make the lanes faster and the data come faster on and off the drive um I mean they continue to be a big thing for saving data Right, but generally the high availability data where it's just where the market and money is Intel kind of is uh zoomed in on that is being able to get something incredibly fast on and off a drive And a lot of that's ssd stuff And intel still doing very well with that So i'm just wondering when the end is nigh right now in the short term you could see 66 bucks There's a little gap up there. I think that's probably where it's going It's probably going to pull back to 60 meander get up to 65 If i'm right on the broader markets having a little bit of a rally maybe into the end of may And then you're probably going to see him fade off a little bit more Kind of interestingly enough for companies that have problems With supply chains Almost all these drives are making malaysia And even the seagate and western digital things are in the same business park They really don't have supply chains everything they had was down there in malaysia and really not affected that much So maybe There was at least the last couple of quarters with supply chain issues on chips and stuff Maybe a little bit of movement to get what you can instead of what you can't With ssd's and faster stuff and chip shortages But i mean they use a few but it's not it's not the same kind of thing of the chip shortages and the GPU business and video cards and processors and stuff like that So in the short term looks kind of good Maybe better just because it's harder to get other stuff that may be better, but you can't get it kind of thing Long term they're all out of business. You just don't know when right when the rig rug gets right But I it won't happen all at once, but we'll see some kind of technology. I'm pretty sure to supplant it for long term and large storage That's more digital instead of magnetic Stuff on a hard drive. Maybe you'll see spinning Uh diamond drive quantum drives or something, but uh, I think they had like a little They're spinning the diamond drive. So do they I mean, that's a that's a modulation scheme They pick up off the magnetic signature of the disk So I do not know I want them then it's it's already in the state of digital, right? Right, but you could spin them to get to them. You know, I don't know if the the sensor Uh, it can go anywhere Do you just put these things all over the place and address them like memory? Or do you have to scan them over the top? I don't know the technology yet I just know that that that's where everybody's throwing their money now and it'll probably Yeah, yeah, so it's probably a year or so away My question would be is whether or not some of these memory manufacturers come out with a lot of memory over the next year to Maybe surplus memory. Can you see western digital taking five? Right. Yeah, so anyway short term a little higher long term watch for the red Be back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com and hit watch tiger tv the conversation and they're still thinking that the s and p breaks 4200 and That we have most of what's in right now. They're thinking that we get maybe up to 4300 On the s and p cash by the 20th of may for options expiration So they think we get higher and then we may enter higher a break of 4200 or close of 4200 We may just go up and test 4300 very quickly and then see a full bear war go on but uh at the moment they're thinking 4300 for May 20th, so we shall see That's not that far away and 100 points Might set up the next leg down But as I said, I kind of think that the we've had the worst in and what we're kind of probably do is bounce and stumble and Be odis the drunk from mayberry And mayberry rfd. I don't know if he was in that I think he was just in the original mayberry Anyway, odis will wander around and find his way home But it may be that we have to go all the way into the three-day weekend at the end of may To find the next high that's probably shortable So again, uh, you're in a bear market But the problem is being and staying bearish For far too long Most of the time you're going up. It may be a little But most of the time, uh, you know, you want to take your money fairly quickly being bearish When the break comes but generally you're probably going to see it and it is going to be some kind of burning bush Out here. Okay, we got some more emails. Take a look Okay Good enough on that Uh By special requests, there will be a job sucking sound. Yeah, pal Uh, I wouldn't say it's the end of the world But certainly market makers and options have been rather bullish up to this point They didn't really flinch by whatever happened in the first 15 minutes or 30 minutes after The announcement and of course we're over 4209 could we just run right now to 4300? That would be very interesting I do not know. I don't think it's that good. My guess is as we get to the end of the day And every day The bears now are going to try to short everything And it's just going to be one of these things where you slowly go back up I've been buying calls all day long in the most hated stock I probably have seen in years in a market that literally doesn't have any more Shares to short And maybe we'll see but I kind of like Being out here on a limb With everybody as bearish as you can get everybody being a little bit worried and pal actually Dropping the baby roof in the punch bowl at least in the short term Um That's where you get these rip your face off rallies in bear markets But if we get to 4300 and there's no volume, uh, you can uh, say that I'll put my bear outfit back on But uh, I think it's going to take a little bit of time thoughts from jill on tlt After the announcement, um, I was kind of surprised that we really haven't done much out here quite yet I thought he might be a little bit more sanguine than he was But I think the market as I said at least in the short term Is uh, kind of like your big brother who said he's going to hit you He's going to hit you he's going to hit you and he does that for about 30 minutes And of course, uh, the hit becomes more painful for every moment you You wait then you get hit and it hurts probably more than if he surprised you But then it fades and you go on and I think we're kind of in that area where We've all known that we're going to take the hit Now we've taken a question about the micron anyway tlt Looks like you're going to test uh, 116 93 on lighter volume today Again, I'm thinking that you could have a fairly decent bounce And I don't know where that comes from maybe some geopolitical event Where the fed decides that maybe 50 percent 50 percent A half a percent raise in the next thing changes But uh, yeah You could I don't want to be short this thing at the moment You pretty much completed a extended abc down at the moment So you're probably going to get some bounce 126 ish I think would be the first part where I'd want to be short again the tlt If you had a long-term thing and you've sat on it since 132 or 142 then you can sit on it But uh, I don't see any reason to be diving in on that grenade today Uh, what else do we have out here? um Great call on the recent market moves since monday is fun buying over It will be kind of over today You may have some stragglers in the morning But that will be kind of it. But yeah You got a little bit of that going for you into the close today If they haven't put money to work. They've got to put money to work But at this point, I think there's probably a lot of shorts and until you get uh over 209 I think you're going to get three days higher Uh, the top end of that range would be 4,300 at least from what i'm looking at options So maybe you get up there and you pull back But uh, I'd be You know as much as everybody wants to be bearish here I'd be kind of worried about being bearish until we get up there and all the volume falls out Uh, but uh, that is just I okay. Yep still thinking maybe 13s on the uv x y Uh, answered that earlier anything on, uh, gdx Uh Jay Take a look at that. Um Well, you're back over the three by three. You did that yesterday. You had a retest today on lighter volume um, again I don't know gold's just The pit of perpetual despair at the moment Um, I tried a couple of longs. I didn't lose anything. Thank god. I got out when I had a chance, but uh Now there isn't a whole lot there and and funny enough The stock I bought because it was in a good gartly pattern is right back to where kind of where I sold it. So Um, gartly patterns kind of holding up in it, but you know what? Uh, it's not a profit It's just kind of hanging out. Uh, let's take a quick look at micron Uh, as we go through, uh and get ready for the end of the day Uh Uh Okay Uh I'm just checking the den to see if I have anything else I didn't catch if you did repost it in the den. I didn't see it. Oh, I do have something up here Uh No Everybody always wants to Uh Say everything is toast They're just testing you Uh, my uh mick they're just testing you and like I said earlier in the show, I've been adding all day long Once it got to the level We'll be back after this look at my chronograph show Uh and any other emails we get in the uh Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be Educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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So i'm sticking with it. I've got a bunch of calls for friday and uh, I've added so Uh, not making a lot of money yet, but we'll see I think this is the kind of action that can make grown men come to their knees If they're still short Is that it did I get everything else we get in there we got to look at micron here, uh to end the show um as we said there's just when I had a Fairly good confluence level Um, yeah, I'm still thinking that uh, the bounce could be to 78 bucks on micron Uh, you get a couple of days like this and short covering in these stocks, even if there's not that much Maybe you only get it for a second But uh, I'm gonna say that there's probably a 75 percent chance that micron hits 78 before we head lower Uh to to well we're done. So there's nothing left We looked at options and yes, they continue to be bullish Uh after the initial and they're bullish Uh after I ran them there again 4300 is the high end of this range that we're looking at now That would be the next real level of resistance if you're thinking about going short Uh the market, um same thing in the spies really i'm transferring that from the spies. So no since monday I've been rather bullish. I'm gonna continue to be bullish until I see that burning bush that tells me that You know what? This is a signal time to get out Uh eject eject eject Uh bolter bolter bolter Now I don't see anything. I think I think we have a lot of people that went short today and they're gonna have to uh They're gonna have to cry uncle before the end of the day 4300 is not out of the question Uh, I certainly think we have about a 90% chance of hitting that uh by friday Don't hit it today So when you can and cover with you you can like today, uh, we will return like uh Same bad panel same bad time. So we cover Building wealth trading in the stock market seems impossible