investors. The following is a presentation of TFNN, The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hi folks, Monday the 31st of July. We're going to take it easy here. We've got a lot to look at. We're looking at the month of August, so we're going to start right now. On the monthly charts, look at this. A very strong leg, the day is young, anything can happen, but it's still a really good candle at 35,494 right now, up 35. I'll talk about this little pattern here on the left in a moment, talk about the one in the middle, the weekly chart, but this monthly chart so far. Let's just do this for now. The monthly chart has a very strong leg, B. I have to call it a grey B. I'll be able to change it to a blue B, meaning it's in a bi mode. If the Magdi, which is finally positive, has taken all this time since it broke down back in January of 2022, the Magdi is about to cross and there I have to wait for the end of the day. Anything can happen. It's only mildly up 24. This is the Magdi that is. The nine-period moving average has been positive for quite a while. It remains positive. Not great, but it's positive and it's walking. The nine-period moving average is using the price. The price is using the nine and the nine is using the 14 and they're all moving in sync to the upside. I'm going to go to the S&P monthly chart. Can you believe that at 45, 85, 86 right now, up just over three points, that the all-time high of 4818, do you realize 4818, we could do that in a blink of an eye, but this is where it starts to get tougher and tougher. Why? If you look at the weekly chart, everything is fantastic. The price is way above the nine-period, the green nine-period moving average. The nine is way above the 14. The 14 is way above the 4325.28 high. Back in, I think it was somewhere around September of last year, before you started that big sharp pullback to 3491. So that's 4325. That's absolutely key support that must hold in the next two months. The MACD is still expanding with the histogram there, still very good. The stochastic is flat at 93%. You couldn't ask for anything better than that. He has the clue to me to say on a shorter term basis, we're getting ready for some kind of a respite, a breather. That's all I'm calling it now because there are so many technicals, they would have to break down for it to be more than that, and we'd have to get that dark news cloud cover to get into that right now.  There are a number of things that could come into focus, but they're not in for the kind of blurry right now. So the weekly chart of the S&P, the on-balance volume is the clue that we're becoming at least shorter term, weekly chart, shorter term means 10 days to 14 days, somewhat overboard. The daily chart had a big spike to a leg F, became a peak F on Friday when there was a lower high bar. Now we've got a little tiny candle attempting to go higher, but look, the price is above the nine. The nine is above the 14. The 14 is above the 50. The 50 is above the 200-period moving average. There's the 50. The 200-period moving average is way down at 41, so let's not even talk about that. To get that green line to go negative, you'd have to see 44, 78, 44, 70s at least, and that'll say, oh, finally. So there's a lot that has to happen. So to be anticipating some kind of a pullback, which I am, is based on other factors. One of the factors is, if I go through, as I did over the weekend, so many, I mean, look at this, caterpillar, caterpillar, had a peak D, it's trying to double top here, and the technicals are still good. Leg C in the week, it'll be a leg D if it goes. So a lot of these things that have been fantastic, all-time highs, are getting, like semiconductors, are getting really close to some, to some area that says, this is where you should get some kind of a pullback, but we haven't got it yet. Leg E continued in the S&P today, 160.58 up 8 cents, slightly higher highs over the last three sessions, just slightly higher. Look at the struggle, he had peak D, leg D that is. So I am just looking at this, I'm saying, I don't want to get carried away, but I am looking at each one of these things. I mean, look, C, what was it called again? Oh, JCI, I think it was J, Jake. Yeah, that's right. JCI, Johnson Controls, a fantastic company, I've watched it for years and years and years. They are always just, when you least expect it, it's up there at highs, the recovery highs or some kind of a high, you say, oh, how did I miss it wrong, missed it again. So Johnson Controls, yes, it had a high back in the 80 area, back in November, I think 81 or yeah, November, December, then I pulled back real sharply to the let's see, what is that, 46 area. And now it's at 69, 40, but look, it's starting to roll over a little bit in the daily. Weekly still looks very strong. If you can go to J, which is Jacob's Engineering or Jacob Solutions, daily chart, peak E, only a leg C, there's still lots of room for some of these stocks to move in 2023, but shorter term, DD, DuPont, fantastic move, peak D, daily, I've got it as an E slash B in the weekly chart and a nice recovery to high going to the Chapman Wave inside track repellent zone that it's been at so many times, ABC, another C, and it's just kind of struggling a little bit here, but all the technicals are good, but I think on a very short term basis, I am looking at, and this is going to be a really important, these nine period moving average over the 40 period moving average has been spectacular, just continue to move up, I call it the technical indicator of last resort, because it seems to be the last one to turn down. So I'm just saying, I'm looking at all of this and saying, wait a minute, fabulous, fabulous move, not denying it, love it, we still long from core positions in the Dow, and I, there's nothing to complain about, but on a purely technical basis, I'm looking at this and saying, I think we're getting, we're going to have kind of spikes, this is at Boston's hairstyle, big spikes in the upside and keeps coming down, Jacobs is using PLTR, yep, there's another stock PLTR pelleteer, it's done very, very well, pelleteer technologies in developed state of fusion platforms, just made its leg deep today, fabulous move up, it's up 1.87 at 19.67, I have to tell you that's, there are some areas, I'm looking at one right now, we're a stock that we have, we had long, we've had it from 21, it went all the way to the 56 or something area, then it pulled back really sharply, and then there was a take, a partial takeover or something like that, not a takeover, but part of the stock was committed, and all of a sudden it drops really sharply, and now all of a sudden, look at it on a daily basis, this is a sim, we did get it twice and got stopped out for a small loss, but this is for those people that didn't get in an initial position in 21th, look at this action, you can't fight this, this is some body kink end to end AI, had a horrible move down there, and now look at it, gaps up today, it was up 3, then it was up 5, then it was only up 2, and now it's up 18.72, I mean, there are some areas that are just refusing to go down, I'll be back in a moment, Bowser's chapter does up 11, you keep on looking at the market, this is something. 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TFNN.com Educating Investors There's no catch or added costs when it comes to our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Hi folks, let's just look at the gold contract. It's up $7 at 2007. If you look at the weekly chart, you see this big cup formation and then it stores at about a third of the way as it came back up. If you look at this monthly chart, it's really, there's a sideways action, it's almost like an inverted head and shoulders potential, but it's not showing the kind of strength based on the MAG-D, which is positive, not great, but positive, but that nine over the 14 is still very strong, but it's not using that as a springboard yet. I think it will later. So I'm looking at gold and I'm saying, yeah, we are a longer position in the gold sector, but I'm also saying I think it's more a digestive phase that we're looking at in terms of the bigger movement. When I say digestive phase, I'm talking about the weekly chart that's taking quite some time since the April high at about 2115, the continuous contract, all the way to just under 1950. It's not a big deal, but it's big enough to say it's going to take some time, it's going to take a lot of, it's going to take something to spark a kind of move that says it breaks out and starts to trade heavily into the 2200s. But at this point, I think it's starting to build up some kind of a base and that's really important to me. If you're looking at silver, silver's actually in some ways a better looking chart. It's up to nicely today at 43 cents at 24.92. And I do think that there's a, there's a pretty practical component to silver. It's being used in EVs. I don't know what the percentage is. I really should do a little research on that, but I like the action. It's a little better than gold. This is the continuous contract. If you're looking at high grade copper, high grade copper is nicely up today, peak A, peak B, peak A, peak B, peak C. Oh, look at this. So for those of you are new to my work, from the lowest low bar, you start to count the peaks. The idea is to, on the way up, you use uppercase, on the way down, you use lowercase, and if it goes from a bi-signal to a bi-mode, it should get to at least the D. But in this particular instance, look, peak A, peak B, and then it comes, pulls back and it goes, you've got to count E. This is your starting point. So every peak above that gets counted. As long as it doesn't take out the starting point low, well, low and behold, what's going to happen? It goes to peak A, peak B, peak C, peak A, underneath the previous one, stalls at the 200-period moving average, goes slightly above to a leg B, then it goes fractionally higher to a C, and now it's in a leg D. So if you were looking at it and you weren't used to the chat wave notation, the way I've said that this is the way I counted, made a change to that a long, long time ago, and that's the way I find that if I count every peak, I'm ahead of the game. I'm not waiting for a D when I'm actually at it, when I think I'm at a C, but in fact, that C turns out to be a D. So I'm ready now for some kind of a pullback in hybrid copper. Hasn't happened. Good action. And the weekly chart, I'm going to do this now purely on the edges of the wicks, because that's where I go to the body of a candle, if it's important at this point. Now the wick says, in the weekly chart, you've got to get about 4.012 in the crude oil, sorry, in the copper continuous contract. And in the weekly chart, to really say, I'm starting to break out, but the monthly chart says it's just stuck in a range. Good action in a sense, but it's stuck in a range. I like to always put wood, which is the ice shares global timber and forestry ETF, which I show my subscribers every weekend, when I do my about an hour long overview for what's happened and what's coming up, I anticipate for the week. And now we're looking at the ice shares global timber and forestry ETF trading up 45, 76.30 in a leg E, getting a little top E just visually, but all the techniques are still very good. The on balance volume actually isn't oversold at all. It's actually, it's, it's not overboard. It's a little oversold, but the weekly has managed to go to a leg D all within a containment area. This is a pattern that we call the inverse, potential inverse Chapman wave, falling as formation. So we're going to see what happens. Yeah, but so far, this is all good action, but it's stuck in a range, but I'm pleased to see that it has already very nice from the 69 area to the 76. That's global timber and forestry ETF. So round the world, things are picking up some and now I want you to go to crude oil. Look at this crude oil. It's just steadily gone. This is what I do the other day that in chapter methodology and I do intend to have a webinar for my subscribers. I want to show some of the techniques in greater detail and there are lots and lots of webinars, but I want to be very specific about the one coming up as soon as I decide what I'm going to do it. So the high of the 12th of April, there's a continuous contracts. I don't like to type it in because it gets smoothed out and gets changed. 83.71 was the high and now what we're looking at after a plummet down to this low that was made in the 64th, it went sideways with the peak A, then a peak ABCD, even though the stochastic immacity, nothing was really confirming. It was just the price and it pulls back, makes an arch formation and then turns that into a beautiful cup formation and we've been looking at crude oil walking the chapwave inside which target repellent line right here or resistance line. Look at that and it's still walking it and it has a target over the next few days of trying to get to the 7, trying to get to that 7, I'm sorry I say 7 should be 83.71 area. So something in the 80s. Another two points, two points is a lot, but it could very well try to do that and that says crude oil on a shorter term basis still stuck in the rectangle formation in the weekly chart has a lot of resistance coming up. How it deals with it is going to be very important. I think I've covered that. Now I just want you to go back, look at the QQQ. The weekly chart is in leg D, peak D, but it's walked a nine-period moving average. It's got the chapwave inside, wedge target repellent line. It went right to the exact resistance we're looking at in the left side, right side price, time-match that's bar symmetry to that low of the four weeks and the 14th of October 254.36. Now it's gone a little bit higher, but this whole area of the 360s meant the 350s. It's going to be the containment area when there is some kind of a pullback, which should happen fairly soon. However, 408.71 was the all-time high and the most recent high was at 387.98. We've been in a major bear market and yet since October, the October low, we went along the Dow. This is really good action. We are only an eye blink away and at 20 points, 21 points, 22 points, it can do that very quickly. I think it's going to take a little bit more time, but I do believe we've got new highs coming in, all-time highs in the QQQs, but wait a minute, we're talking about new highs. The semiconductor index, this is the semiconductor market vectors, semiconductor ETF, all-time high as we speak, I believe. It's at 160.78. No, no, no, 160.92 was the high. It's really close to all-time highs that it made just three days ago. 159 was the high back in November of 2021, plummets down to 85. I mean, it really gets cut in half and now it's back to all-time. That's why I've been saying, I can't look at this. I know that in any way, but all sorts of different techniques that people use are saying, oh my God, this is going to be it. We are going to crash back to one and all that. It's more like, I don't know what they're looking at, but I don't see that kind of crash. I do see a digestive phase, but all-time highs in the semis, the crude oil of the 21st century, I'll be right back. That was a pretty good one. Attention traders. Larry Pesevento, the renowned trading mastermind, is holding an exclusive live trading event on Wednesday, August 2nd. From 9 a.m. to 2 p.m. Eastern time, transform your trading skills with the real-time wisdom of a Wall Street veteran. 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So here we go. Sorry, I was just distracting because I'm busy drawing my notation here. So the question is, should I stay or should I go? I have a 395 stop. So this is, it's funny, I didn't read the whole thing, I just saw the name and then I quickly went to the chart because I knew that if I hadn't done it, I should quickly notate it, which I've just done daily, weekly. I haven't finished the weekly. Here's the monthly. You always have to check that you've got your lowest low bar for the start of a move because otherwise, yeah, that's the start of a move. So that's A, B, C, and then it fails. So this is a very interesting, because this is in the military, this is in the defense, it's in the, it's in actually a lot of different areas. You don't hear much about it, but it's an old company's being around forever. And they had, in fact, done extremely well. Let me just finish this chart here. E, F, went to a peak F back in 2022. And then it had a pretty sharp plunge. I don't know what that was that week of the December, going to early January of 2022 to 2023, and it hasn't recovered. So Northrop Grumman. Now, the fact that you've got the 395 stop, I'm so pleased that you mentioned that because this is what I was going to tell you. Northrop has been, NOC is a symbol down 4.28 at 445.40 down 428. So it's been in this arch formation within the long rectangle. I mean, talk about a long rectangle. Since January when it gapped down, the higher day before was in the 12th of January, the lowest 45.79. Well, let me just double check that I say 40, sorry, 485.89. The very next day, the high because the gap down was 472.40. So you've got from 485 to 472.30 points and it's never filled the gap. It's gone into the gap, but it's never filled it. So this is what I'm looking at here. You see the way it keeps making the lowercase H to a lowercase M. And then the second time when it tests the arch formation left side, it goes fractionally under it, but then it goes quickly back. That just tells me that this is stuck in the rectangle, the long rectangle range. And if I do this right here, I'm going to do this and make it strong. So this is my halfway marker underneath the 200 period exponential moving average. You see if I'm pretty happy that that's about the halfway marker, I'm going to make it nice and thick. Did I actually put it in? Yes, I did. Make it nice and thick. They are nice and thick. Make it kind of a very standout color blue. Okay. And I've got to make it dash because otherwise if it has other implications for me, there it is. So that's your halfway point and it keeps coming back. Remember the rule of thumb in a long rectangle formation, if you get to D, E, or F above the resistance upper trend line range, that is the border. When you come back, if you take out the halfway point, you can go all the way back to or just on or just under the previous lows like the cup formation. And lo and behold, the 27th of January had a low of 430.94 and almost six months, five months later, you're at 429.10. That just says, now you've got to be careful because the midpoint of the rectangle was dashed line and I forgot to even tell you what the price was at 450.50. That's going to be really strong resistance. And lo and behold, it went there many times over the last two months and it kept getting repelled. And now it's being repelled again. So I'm just forgetting for the moment that you have a stop in place of 395. What I was going to do without knowing because I just saw NOC and my thinking was if this takes out the midpoint of this candle, which is 439, that's the candle of the 27th of July, there's a real good chance it's going to test the low and probably take it out. If it takes it out, then all of a sudden the whole 418 to 412 area becomes really important support. In fact, I'd say first of all, the 422 to 418 area will become very important support. And all of that is way above your stop. So now let's just look at this in a completely different way and say, wait a minute, it's been in a huge digestive mode after that huge gap down. It hasn't failed, but it hasn't broken upside. So it's saying to you, it's just kind of a stuck stock. I would say a dead stock, but I'm not sure that's what you want to use for normal grumman. Now look at the weekly, dreaded H goes to a lowercase M, goes under, holds it and tries to rally and now it's making a second, a third H pattern. And if you look at the monthly charts and making low lows and low highs. So I'm going to suggest to you at this particular point, it's down four, it's at 445. I'm not sure where you got in. I would assess where you got in and what kind of risk you want. Because what I would say to you is, if you asked me the question and what I was going to say before I knew what your stop was of 395, I was going to say, I don't like this pattern or the pink nine-peered moving average in the week. He has shown no signs of strength. The MacD rallied in the price did a little bit now that MacD is almost about to fail. So the cast six and 40, this is all the weekly chart. I would suggest taking a little bit off right now. In fact, from the way it's looking, because it's stuck in a range, I would consider whether it's just a third or a little bit more, but I would take something off right now. Why? Because it looks to me like you've got a fabulous trading pattern. And if you can see this back down into the 430 half length of cancer below that, let's go in the 436 to 432 area, that's where I put that money back. And I'll say, hey, maybe now it has a running, even if it's only to the halfway marker, that's the midpoint of the rectangle, that would be great. But I don't like it. If you had to say to me, would I buy it? Would I sell it right now? I'd probably be on the side of selling it. Would I short it? I would short it if it closes below 444. In fact, I would probably say, I would nibble on a short position right now. That's not your question. Your question has to stop with 395. My answer is, I would take a little bit off and I'd actually look and would just give it, give me a yell again when we're looking at it. If it goes down further over the next week and a half, two weeks, if it gets down to the 430s, let's look at it again, because then I'll say, hey, maybe you can have a trade and get that, the difference, differential between when you're selling it now to where you would reenter for a balance, that's just really nice to be building up a kitty on that. 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He chooses to focus and wait for certain levels to be hit based on both the garty, the 8 to B equal C to the etc. It's just fabulous and then he uses the percentages 618 and all that. He's looking at trend lines. He's looking at the horizontal line. Where does it come in? Where does the price meet? How does it extend? It's just fabulous. Every time I listen to his workshop, the live workshops, I learn so much. I learn about stuff that in a way I might be doing, but he makes it so clear as to be able to do it using a certain structure. I like that very much and I think that you really enjoy it as always and he almost always makes a lot of money for folks when they do the live workshops. So I'm just recommending if you are interested in learning very detailed analysis and putting to work live what he has analyzed and what he will show you how to trade and how to do it and where to go in and where to go out, I think it's really worth it. So give it a shot. Shopify. Shopify is trading at $67.29, up $1.27, made a peak D in the Chapman wave back on the around about the 15th or so of July. Pulls back to a trend line support. This is what we call the Chapman wave. Let me just do this right now live. Inside track, propellant zone right there, little mini-channel. It would break down if it went under the red. Oops, did I make that red? I thought I did. I didn't. There it is. So I think this is like a magnet. The idea of 65 is rising support. That's to me where I think the real test comes and it should come very soon, but it's acting really well. I like it. So the question is, what's next? Where would I add? What should I do? And my answer is, I know that you're a long person to ask me. I know that you are long. I would remain long. Normally I say because it's had a move like this, I take a little bit off just part of money management and I'm going to say that again. Where would I best like to put it back to worker at $67? Hey, 10% lower in the 62 to 61 area. That's where I would be looking to put that back again, but I would keep the core position because that monthly chart has really improved a lot and it's walking the nine-period moving average, let alone the 14 in the weekly. But this shows signs of an arching over. In fact, let me draw it in what I'd be looking at to see if it is able to formulate under this particular moment. That's the way I'm looking at it. So it should come back a little bit, but it doesn't have to come back much. I think a lot of people wanted to buy what took off from October and is now starting to, I wouldn't say stall because this one, yes, on the daily chart it looks like it's stall, but that weekly chart, it's just making slightly higher highs and higher lows. So far that's good, but I would definitely take a little bit off. Next question was a CrowdStrike, CRWD, something I've followed. It's stuck that I've followed for years. CrowdStrike holding cybersecurity. This is in the cybersecurity area and there are times where I hear people say this is the place to be. This is the stock and the other times where it just seems to me that the stock doesn't know they're saying that because it really struggles. It was a stock that was once in 298 back in November of 2021. Had a little bit of a dip under 192.25 and now it's had a fabulous run to 161. I like it very much. A, B, and yet again, this is what I'm saying. So many stocks I'm looking at are going to peak, these or ease, that I have to be on a just purely on a purely technical basis on the notation in the Chapman Wave methodology plus these cup formations where we kind of double topping here. You can break out from a double top, but at this point you've got to say first you've got to break from the double top and right here it's kind of stuck in this range.  Where's the ideal place to start thinking about putting it back? It's at 160.57 right now, 67. I would say between 150, 152 and 149. That's where I'd like to look at it and then I might say oh that's a little bit too much, but right now that's kind of the area that I'd be looking at. Next question came in about Zs, Zutis? Zutis? Oh man. No that's not Zutis. That's Z scale. Okay Z scale. I do follow it. You can see I've got my notation here. Alternate count Efg, went to Efg right there Efg and I usually say G slash C because if the table goes a little strong, well it did pull back sharply and now it's going to a higher high.  It's got a cup and handle formation, not one of my favorite patterns. Fabulous stock is done. Look at the way it treated the 200 period moving average as a kickoff point, but this pullback in the cup and handle was a little too deep. Peak A, peak B in the weekly chart is doing very nicely. In this particular instance, if you are in it, I probably would say to you, I don't know about taking anything off, I think it's acting quite well at this particular point, but the monthly chart needs a lot of work, but I am going to say to you, normally I'd say take a little bit off and you can start to put it back and go to the lower range and that would be under 150. It's 159 right now. Give it another day or two. Let's look at it. I'm not going to say take anything off. I think there's still some residual strength here. We're going to be watching it a little closer to see whether or not is able to break above and it's really can't just break above 163.14, which is the high on the 19th. It actually has to go all the way to about 165.166 and hold there for a couple of days. That'll be really good action. Let's just watch that one carefully. Question about natural gas, natural gas, continuous contract, monthly chart, unbelievably horrible. Back in the peak D, that was in 2022 in the high 11s. It comes all the way back down. Continuous contract goes down to, was that the low? That wasn't, yep, there was. That was a 2.20-ish. So what did we get? We got 2.22 on the continuous contract, goes to peak D, pulls back, and now it's kind of stuck. I just don't see it, but I do see the way it's building in the weekly chart. I do see that given about six weeks, it takes you into September, I think that's where, if natural gas hasn't broken below 2.30, close below 2.30, between now and August, about August 16th, midway into August, but in fact it's climbed to a higher high above this high of the 20th of July, 2.783. I think then it's starting a move that could be bigger, but I would just say it's been, it's just been the doldrums for so long, and every opportunity it had to spike higher and hold, this is a really good move from the beginning of two, 2.90s, but look, it's really struggling. So I'd say keep an eye on it, but you and she have a really impressive, yeah, you and she, they're the one-to-one downside, it's just kind of stuck. You'll be looking at it, I'll look at it every couple of days. You know, that was a good move. Look over the shoulders of Tom O'Brien 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 Tigresses 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. 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and 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. Tiger TV. As we expect, I am expecting some kind of a roll over with sudden spikes to the upside and then start to make lower lows. AQST is a question came in, a question of therapeutic sink in the biotech area. Sharp legs see today. It looks like it wants to make a cup formation and over the next few days it's going to attempt to get to the high of the 13th of June, which is at 234th, trading at 209th right now. It's a long way to go actually, another 30 cents, but it has made a PD in the weekly chart. Paul's backlit the nine, even with a severe decline. The nine is still over the 14th. That says to me there's still internal strengths acting very well. Key support would be between two, no, between 198 and 176th. That's the way I'm looking at it. XPEV, was that what it was? XPEV. There it is. This is in the designs, XPEN, Inc. Designs, Developers, Manufacturers, Smart EVs. We spoke about it recently. I said, I'd be afraid to do anything to say, anything other than this strength right here. It isn't a leg. I think it was going to that leg F with inverted Chapman wave, Roman candle. If it closes halfway above that candle, it could go to a higher high. What has done that, now it's pulling back. I think it's getting a little toppy. I'm looking at a lot of the EV sector. I'll do that more tomorrow, but I think it's done fantastically. This is one of those cases where I say, you really do money management wise. Take a little bit off and just wherever you're in, just control the stop on that. It's really improving in the weekly and the monthly. With that said, let me just say that by the end of the day, after two o'clock, I said to subscribe to my opening call. If the Dow starts to give back gains and actually turns either negative or is only like up 15 or so after two o'clock, there's a chance that some selling comes in by the end of the day. But we are looking at this as a process. The nine is still very strong in all the key indices, nine over 14. Keep it in mind. Have a wonderful rest of the day. Stay tuned for Steve Rhodes. I'll be back tomorrow.


The greetings here from Bagram Air Base in Afghanistan with the mighty first Calvary Division out of the great place of Fort Hood And you know right now the United States Army's got about a hundred eighty hundred ninety thousand soldiers Deployed in a hundred and forty countries and they're defending our freedoms and liberties all over the world for all three hundred million Americans And we're so proud of every one of them and during this holiday season I would just ask that all Americans keep all of our soldiers on freedom's frontier in their thoughts and prayers We're with our soldiers out here on port on point making sure that we're doing the nation's good work to keep you safe God bless each and every one of you think about those soldiers who are deployed today and the families back home that support them each and every day Army strong


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Personal Finance Powerpoint Presentation. Primary and secondary markets. Prepare to get financially fit by practicing personal finance. Most of this information can be found at Investopedia, a look at primary and secondary markets, which you can find online. Take a look at the references, resources, continue your research from there. This by Brian Beers, updated August 29th, 2021. In prior presentations, we've been looking at investment goals, investment tools, investment strategies, keeping that in mind. We're now looking at and considering what is primary and secondary markets. The word market can have many different medians, but it is used most often as a catch-all term to denote both the primary market and the secondary market. So when we hear the term market, just in a generic form, we're usually having catch-all term for both the primary and secondary market. In fact, primary market and secondary market are both distinct terms. The primary market refers to the market where securities are created, while the secondary market is one in which they are traded among investors. So when we think about the primary market, one of the parties involved are usually gonna be the company involved that's looking for financing or funding, possibly issuing stocks, possibly issuing bonds. When we're looking at the secondary market, we're typically thinking of traders trading these securities, not having the primary issuer being the one issuing the stocks or bonds, for example, but rather trading trader to trader on the secondary market, generally speaking. Knowing how the primary and secondary markets works is key to understanding how stocks, bonds, and other securities trade. Without them, the capital markets would be much harder to navigate and much less profitable. So clearly these markets are gonna be a tool for it's just like basically a trail connecting two people together so that they can trade, right? The silk road or so on and so forth. So we need these kind of things to get the people that want to have interactions together in such a way that they can have trust in what is happening so that we could facilitate trade, which will typically increase the economy, increase growth, increase GDP. So we'll help you understand how these market work and how they relate to individual investors. The primary market. The primary market is where securities are created. It's this market that firms self float new stocks and bonds to the public for the first time. So we're gonna be issuing, for example, the stocks for the first time coming from the company itself, not buying the stocks from a secondary investor. The primary company is coming from them. That is gonna be the primary market for the case of stocks. An initial public offering or IPO is an example of a primary market. So when you get that initial stocks, remember that corporations may not be publicly traded, may not be on an exchange. If they decide to then go on the exchange, then they're generally gonna be trying to raise capital through, for example, issuance of stocks. And the first time they do that, they've got that initial public offering known as the IPO. So these trades provide an opportunity for investors to buy securities from the bank that did the initial underwriting for a particular stock. An IPO initial public offering occurs when a private company issues stock to the public for the first time. For example, company ABCWXYZ Incorporate hires five underwriting firms to determine the financial details of its IPO initial public offering. The underwriters detail that the issue price of the stock will be $15. Investors can then buy the IPO at this price directly from the issuing company. So now the stock is issuing the stocks, which represent kind of a portion of ownership in the equity interest and the corporation in exchange for funds, which of course then are gonna go to the company itself, hopefully to finance the company, hopefully to help the company grow so that it can generate more revenue in the future and create value for now some of the new owners that are now purchasing the stocks in the form of the initial public offering stocks. So this is the first opportunity that investors have to contribute capital to a company through the purchase of its stock. A company's equity capital is comprised of the funds generated by the sale of stock on the primary market. So when you're gonna record this basically from an accounting standpoint, they're gonna be increasing their cash and they're gonna get the equity side increasing equity assets minus liabilities equal in the equity equity representing in essence the owners, stockholders share of what the company has in essence, as opposed to third party liabilities. So types of primary offering, a rights offering issue permits companies to raise additional equity through the primary market after already having securities enter the secondary market. Current investors are offered pro-rated rates based on the shares they currently own and others can invest a new and newly minted shares. So after the initial public offering, the company can still issue more shares if they so choose which are still coming from the company in that case therefore primary market but are not the initial or first time public offering. Other types of primary market offerings for stocks include private placement and preferential allotment. Private placement allows companies to sell directly to more significant investors such as hedge funds and banks without making shares publicly available. While preferential allotment offers shares to select investors, usually hedge funds, banks and mutual funds at a special price not available to the general public. Similarly, businesses and governments that want to generate debt capital can choose to issue new short and long-term bonds on the primary market. New bonds are issued with coupon rates that correspond to the current interest rates at the time of issuance which may be higher or lower than pre-existing bonds. So when on the bonds side of the thing that's the other typical way that a company might try to generate capital, generate money that they can then invest, of course they can generate revenue but when they're trying to basically get money in some other way through investments they can issue the stock which means they're giving an equity interest in the company or they can issue the bonds which is kind of like a debt situation except that instead of going to the bank they're issuing the bonds to the public and the public then are buying the bonds. If you buy the bonds directly from the company then they might be issuing those bonds at the current market price so you might buy them at the par value or the value of the face amount of the bond and then as time passes as we know then that price will change as market conditions change and you could then sell the bonds possibly on a secondary market at a premium or discount perhaps. So the important thing to understand about the primary market is that securities are purchased directly from an issuer so when you hear primary market you're dealing directly from the issuer that typically being the corporation either stocks or the bonds. Most transactions however happen on the secondary market because the whole goal of these kind of instruments, stocks, bonds is that we're trying to make them somewhat uniform in nature so that they can be easily compared and traded on the secondary market which increases the flow in people's capacity to value these kinds of things and it allows money to flow in a little bit more easily allows trust to happen. So the secondary market for buying equities the secondary market is commonly referred to as the stock market. So this includes the New York Stock Exchange the NYSE NASDAQ and all major exchanges around the world that define characteristic of the secondary market is that investors trade amongst themselves so now they're just trading like baseball cards they're just, I already bought them from the shop now we're just trading them up but we know what the value of a like card is or like stock is because they're all basically the same if they're from the same card or something like that. So that is the secondary market investors trade previously issued securities without the issuing companies involvement for example, if you go to buy Amazon stock you are dealing only with another investor who owns shares in Amazon, Amazon is not directly involved with the transaction.  So in the debt markets while a bond is guaranteed to pay its owner the full par value at maturity this date is often many years down the road. So if you have a bond that's kind of a debt instrument that means that you're gonna get paid typically that means that the company owes you money if you have stock the company might still be paying you like dividends for example, if you have a bond they're gonna pay you in the future but you might be able to trade the bond early. So instead bond holders can sell bonds on the secondary market for a tidy profit if interest rates have decreased since the issuance of the bond. So you gotta understand the relationship of the interest rates and the price of the bond so you can think about selling the bond at a premium and a discount and so on we'll dive into that in example problems making it more valuable to other investors due to its relatively higher coupon rate. So the secondary market can be further broken down into two specialized categories. We've got the auction markets and the auction markets all investors and institutions that want to trade securities congregate in one area and announce the prices at which they are willing to buy and sell. These are referred to as bid and ask prices. The idea is that an efficient market should prevail by bringing together all parties and having them publicly declare their prices because then you have a market condition and people have disinterested interests and therefore you would have them bid and hopefully you're gonna have a market condition happening thusly which would hopefully be an optimal price. Thus theoretically the best price of a good need not be sought out because the convergence of buyers and sellers will call cause mutual agreeable prices to emerge. So this is what we kind of want to happen in a market generally because that's what economists generally think leads to efficiency when you have two people that are markets that are self interested that have competing interests compete for prices. So the best example of an auction market is the New York Stock Exchange, the NYSE dealer markets. In contrast a dealer market does not require parties to converge in a central location. So notice that this requirement to converge in a central location you can imagine being more important before time you might imagine now you got well now we've got ways to converge other ways than physically in a particular location. So maybe we can have different structures for example and still have kind of like a market bidding situation. So rather participants in the market are joined through electronic networks. The dealers hold an inventory of security then stand ready to buy or sell with market participants. These dealers earn profits through the spread between the prices at which they buy and sell securities. An example of a dealer market is the NASDAQ in which dealers who are known as market makers provide firm bid and ask prices at which they are willing to buy and sell securities. The theory is that competition between dealers will provide the best possible price for investors. The OTC market. Sometimes you'll hear a dealer market referred to as an over the counter OTC market. The term originally meant to relatively unorganized system where trading did not occur at a physical place as was described above but rather through dealer networks. The term was most likely derived from the off Wall Street trading that boomed during the great bull market of the 1920s in which shares were sold over the counter in stock shops. In other words, the stocks were not listed on a stock exchange, they were unlisted. So if you think about it in that sense, they're not on the stock exchange. And you can think one of the things that the stock exchange did and we're looking at the 1920s now, right? So one of the things that the stock exchange kind of does is it requires some standardizations of the financial statements and so on and so forth, which hopefully will reduce fraudulent kind of transactions for people misrepresenting. Because remember that the whole trust thing is an important thing. And of course in the 1930s and so we had the great depression which included downturns in the stock market. Of course, there were a whole lot of stuff going on at that point in time. But in any case, over time, however, the meaning of OTC began to change. The NASDAQ was created in 1971 by the National Association of Securities Dealers, the NASD, to bring liquidity to the companies that were trading through the dealer network. At the time, few regulations were placed on shares trading over the counter, something the NASD sought to improve. So now remember, we always have this delicate balance between regulations that are necessary and then getting too heavy on the regulations, which could be costly and not allowing for flexibility for improvements in technology and so on and so forth. A certain set of regulations, at least self-regulations within a market can be good just like in a profession, trying to self-regulate to some degree so that you can keep up the ethics so you can keep up the trust involved because again, no transactions can happen. If there's no trust, people just will stop trading. So you wanna be able to not stop this kind of scamming misrepresentation. So as the NASDAQ has evolved over time to become a major exchange, the meaning of over the counter has become fuzzier. So nowadays the term over the counter generally refers to stocks that are not trading on a stock exchange such as the NASDAQ NYSE or American Stock Exchange, the AMEX, AMEX. This means that the stock trades either on the over the counter bulletin board, the OTCBB or the peak sheets. Neither of these networks is an exchange. In fact, they describe themselves as providers of pricing information for securities. The OTCBB and peak sheet companies have far fewer regulations to comply with than those that trade shares on the stock exchange. So again, one of the costs of trading on the exchange is the regulations you've gotta jump through. And again, we're balancing those regulations with the absorbent and the big costs with regulations. So most securities that trade this way are penny stocks or are from very small companies. For these reasons, while the NASDAQ is still considered a dealer market and technically an OTC, today's NASDAQ is also a stock exchange. And therefore it is inaccurate to say that it trades in unlisted securities. Third and fourth markets. You might also hear the term third and fourth markets. These don't concern individual investors because they involve significant volumes of shares to be transacted per trade. So you're talking high volume trades here, which again, for the individual investor, possibly not the case. Typically individual investors might be trading smaller shares of stock or possibly dealing with other tools and instruments like ETFs and mutual funds. So these markets deal with transactions between broker dealers and large institutions through over-the-counter electronic networks. The third market companies, OTC transactions between broker dealers and large institutions. The fourth market is made up of transactions that take place between large institutions. The main reason these third and fourth market transactions occur is to avoid placing these orders through the main exchange, which could greatly affect the price of the security. Because access to the third and fourth markets is limited, their activities have little effect on the average investor. What's the bottom line then? Although not all of the activities that take place in the markets, we have discussed affect individual investors. It's good to have a general understanding of the market's structure. So the way in which securities are brought to the market and traded on various exchanges is central to the market's function. We wanna have an idea of course, what stocks are, what bonds are and how they are actually physically trading on the market. Because again, that'll give us some idea of course on how best to make our decisions related to them. So just imagine if organized secondary markets did not exist. You'd have to personally track down other investors just to buy or sell a stock, which would not be an easy task. So again, these systems that we have that we kind of take for granted these days that actually connect the buyer and the seller kind of like the silk road, you know, that can put the two people together that want the goods is a value. That's a valuable thing. So in fact, many investors' scams revolve around securities that have no secondary market because unsuspecting investors can be swindled into buying them. So if you're buying something that's not on the market then you're typically, you may have less trust in it because the markets are designed to increase the level of trust within it. And that could be a good thing. So the importance of markets and the ability to sell a security liquidity is often taken for granted, but without a market investors have a few options and can get stuck with big losses. When it comes to the markets, therefore what you don't know can hurt you.


Hello everyone, I'm Sanjay Gupta. I welcome you on Sanjay Gupta Tech School. In this video, I'm going to demonstrate a scenario related to record trigger flow. So let's understand the requirement first. So in this video, I'm going to demonstrate what happens when record trigger flow fails. So I will be demonstrating this with the help of a scenario. So scenario is like we need to create a contact related to account upon account creation, right? So knowingly, I will be implementing this flow in such a way so that it breaks from the UI. And then we'll see what happens and how we can fix that. So here in the developer edition org, I selected new flow and I'm selecting record trigger flow. So object I'm selecting as account, then trigger the flow when a record is created. Then if you want to put any conditions, so you can. So let's say I'm putting condition as active equals yes. And I want to create a related record. So that's why I'm selecting actions and related record and clicking on done. Now through this plus, I am just selecting create record. So I need to create a contact. So I wrote label as create contact. One contact I need to create, then use separate resources and literal values. Then here I need to select object as contact. And here I'm just filling first name. Now in previous videos, I also told like whenever you create any record trigger flow and that record trigger flow will be triggered through any record that you are creating, updating, or deleting. So that records information will always be available in this dollar record variable. So from here, I'm just fetching the account name. So whenever any account record is being created, so that account record whole information will be available in this dollar record. So through that account name, I'm setting in the first name. Now on contact, last name is a required field. And that I'm not setting here so that our flow will break from the UI. So I just clicked done, save. So let's say what happens when record trigger flow fails. So it is saved. I'm activating it. Now I'm moving here. And I will be creating a new account. So I clicked on new. And here I'm writing ACC 3304. And I need to set active as yes. And I'm clicking on save. So here you can see some error message available. So it is saying we can't save this record because what happens when record trigger flow fails. So this record trigger flow is failed. So it is saying give your Salesforce admin these details. Then required field missing. Why it failed because required field is missing and which failed last name. So this way you will see the complete error message. Now the user record through which you created this flow so that user will receive an email as well. So here you can see an email is available if I open this. So here also you can see the same error message. Right. And if you scroll down, so it will show it here as well failed to create a record and required field is missing. So this way whenever you create any record trigger flow and it fails. So you will receive error from the UI like this as well as you will receive an email. Now if I fix this. So if I set last name. So I'm setting last name as well as account name. So both first name and last name are equals to account name. And I'm clicking on done. Save as, so I'm creating a new version and clicking on save and activate. Now if I try to create new account, so it will be created. So even if I click on save again on this record only it will be saved and new contact will be created related to this account. So you can see account 3304 is created and okay. So contact is created but it is not linked with the account. So if I go to contact, so you will see ACC 3304 first name and last name. So here you can see, but it is not linked. So the reason is I didn't populate it that lookup field. So this is one more thing that you need to do. You need to fill this account ID that is lookup field API with the account record ID. So it is important if you don't provide account ID into this lookup field so your newly created contact won't be linked with your account though it will be created but it won't be linked as we saw in the demo. So I'm just activating it. Now if I try to create any account so you will see the contact will be linked automatically. So I am going to set active as yes. Looking on save. So now you will see a contact is related and this opportunity is being created because I created one more record trigger flow for the previous demonstration and that's why it is connected here.