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. I'm Hazel Chapman-Henders. Monday the 6th of June. We're looking at the Dow up 323. The S&P is up 59. The Q's are also up 90. The Q's up 6. Let me show you a couple of things here. The 1-minute E-mini, June E-mini, pulls back to about the 41-38 level and whoosh, and just from like 10 minutes to 10, Eastern time to what we were 10-06 right now, has gone to the 41-68 level. That's a really nice action. What it does is let me show you something else. Here we go. And this shows you the power of these different moving averages plus some fib levels. Most importantly, we're close to the 200-period moving average of the chugging around there at about 2 a.m. this morning. We went to a peak, E in the Chapman wave methodology. You always expect a buy signal to be upgraded to a buy mode, which implies that you will go to at least four higher peaks, peak A, then the higher one is B, higher one is C, and then you get to D. D is the fourth highest peak. Other things can happen there. You can't go to E. Sometimes it goes to E within one bar and then fails, or sometimes it goes to E within one or two bars and breaks out and starts to brand new buy mode. This one did both. It went to E and then it failed and then it came back down and started to brand new buy mode, went to another peak E just above it and then it failed and then it came down to the low of 41, about 37. And now you see this bar right here, the low bar, cannot be the high bar except at a peak D. So that means you have to wait for the trough to be made. In other words, a higher low bar starts a new count and now you can say this is a new leg A in the Chapman wave methodology. That's the way it looks right now, we're calling it an A and we'll see what happens over the rest of the day. Let's get back to our story. There's a lot to cover. Beginning of the week, it's actually one of the most important weeks for me because I'm showing IBM here a question in the den, IBM, can you look at IBM? Yep, I wanted to buy it for subscribers under 137 the other day and then on Thursday I said, you know what, I'm going to skip IBM right now because I can see it rallying but I'm going to go with one or two others in the single digits because they can give a bigger percentage. We're trying to build up a kitty right now to be able to at least get some incremental money so that I can widen stops. This is a very important level because so many stocks are coming off major lows so we chose a couple of very low priced ones just in the last half hour. I just jumped 13% and so I just went to that aspect and it's also one that I kind of like the whole story in this particular case. So what we're looking at here is IBM is in brand new leg B. This is fabulous action and over the weekend for my subscribers to my opening call I always have a video, this one lasted about an hour, it could be 45 minutes, it could be an hour and 10 minutes but I go through a lot of things there, through patents and different things and I spoke about how IBM is coming back from the dead. It's like the old, like the Microsofts and the Adobe, all those stocks that were fantastic in 2000 and then just got smashed to the downside. They reformed themselves. They morphed into brand new entities and then took off and became leaders and I think IBM is kind of starting to fit into that category, had good earnings and lost earnings, IBM, information technology, artificial intelligence, cloud, enterprise, et cetera. Just a host of things that are very important. It's about three and a quarter at 144.39 and I also mentioned Hewlett Packard which I hadn't looked at for quite a while almost at an all-time high because of the monthly chart and this is a spectacular move and then there was one that was called, I don't have it right now but if it's the same thing, SAEM, we had a subscriber talk about it and I mentioned it in that webinar, Sandmina, the sub-assemblies for telecom systems and diagnostic solutions for medical, auto, defense, aerospace, I mean they're in everything, right? And look at this beautiful cup formation, left side, right side, price, time match and what does it do? It's breaking out at a new all-time high at 45, 57. So these are the, and this is one that really got hammered over the years. It was down in the very, very low single digits. Now it's at 45. So yes, we've got comeback kids all over the show. Let me just move out of there. Okay, so within the context of what we're looking at here, we're looking at the SMHs, which are finally showing some signs of life but not enough life to say they lead us. In fact, they're still lagging. There are 477 and 246 and one of the things I said to subscribers, he said we're going to go for a very aggressive stance in one of the, one of the ETS, one of the sectors. And the reason being I can't choose the SMHs even though I love them and I know we've had people who we've had brand from California had a lot of people talking about getting in and they've had a lot of new moves and say the three times long SOXL, three times long the semiconductors, SMHs and this is up 5.76% today, up $1.40 at 25, 32 and then you've got ARC, the Cathie Woods ETF has a whole bunch of stocks that if this market is really going to take off and have legs, those stocks in that particular sector, the innovation ETF should do well but trying to find them is really tough. Now I'd like to get leadership, I believe very strongly that stocks that make new highs tend to stay on the new high list for quite a while, stocks that make new lows tend to stay on the low list for quite a long time. So yes, you could get IBM but I'm looking for percentage kickers because I haven't got enough evidence to say that this is the move that's going to take us to all-time highs. This is the move that says we'll slowly try to rectify the ship, trying to get it upright, get it back on track and therefore it's a little more important to be very specific in the stocks that you want and at the same time you can be generic and I'm generic right now. So that means I've got a sector that embraces all the different ones that I was speaking about a moment ago plus any isolated ones like we've got Amazon finally did that split. It's up five, almost six dollars today, 128.26, that is up 4.8 percent. This is after the split. Was it 20 for one split? Yeah, I think so. Training 128.20. Yes, this is nice and it's saying there could be a whole new slew of investors coming into Amazon at this lower price. I know it doesn't make sense because you could buy Amazon and just buy 10 instead of 100. This is the way it is. This is human psychology. There's nothing you can do about it. Stochastics are 92 percent. That's fabulous. So you do have some leadership at least for the moment and that's the way I'm looking. A question came in. What are your top three indicators that you see that convinces you this move could have higher probability of making a full-leg D in the daily versus the previous failures? Look, let's go to the Dow. At any point I could have three but I could have any three. I choose the three that are that particular moment. For instance, I spoke about for my subscribers and on Friday I believe I spoke about this.  All right, we've got a break coming up. I won't go right through the break and upset my engineer. I will just hold off right now and say the Dow is up 323 points at $32,233 and we'll be back in a moment and I'll discuss the Chapwitz Stork Leg Formation which could become one. In a time of booming inflation where you're purchasing powers eroded there's no better place to protect your hard earned money than in gold. Vista Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. 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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. You'll get a full report 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. Our first bubble chat will be back. We're looking at the chat wave stalk leg schematic. This is the pattern. It has a very strong series of moves to the upside. It doesn't actually matter how many legs, but it's really a kind of a I wouldn't say vertical, but it's a move that is consistently making high highs and high lows. Then all of a sudden it stalls and makes an oval pattern. That oval pattern says that you've got the stalk leg, the single leg.   The wing's blowing. The wings and the feathers are flapping away and you've got the neck and yet it's just standing quite still. Then what happens is you've got the neck and when the neck turns around it makes the beak. The beak, if it comes out, the arch of the body itself and then goes higher. Once you've concluded the chamois stalk leg formation with the leg the oval body, the neck which is usually not that long and then comes back and retests the body. If it breaks just barely into the top of the body and then starts up, you can have a very nice ruddy and then you're on your own. But if it takes out the body low, that's very often that's finished. You can still have a decent ruddy but from much lower down. But this particular pattern has the potential to become a chamois propeller shaft formation where you've got a long leg, that's the blade. You've got the propeller right there and then you've got the blade on the upside and that can go one to one to the downside. That's kind of what happened here in a really big picture of chamois stalk leg formation back in 2015-16 and then it broke out in 2017 and the rule of thumb is that when it's done, it comes back sharply. It doesn't usually break the oval, if it's a propeller shaft, it doesn't break the oval high. If it does, it's just briefly. So this 18,351 high of May of 2015 what could happen went all the way to peak. This is right there goes to an E, F and then it has another bi-mode that goes all the way to the high of 2020 February at 29,568 and what does it do? It plumbers 39% and where does it stop? 18,213 what was the high we were looking at? 18,351 so it nicked it and that started the big move up. You remember that was the day we went along 23rd of March we went along the diamonds and now what we're looking at is right here so we went along the calls and then we added the data I can't remember right now. April of the diamonds April of the 3rd, right. We went along the calls and then we held the calls for quite a while with great profits but we added on the 3rd of April we added diamonds. We still had a little position there and then what happened is we went to a peak E at 36,952 we've had a pretty sharp pullback to the 30,635 level and now what I'm saying is under that there's a chance that this little formation this cluster formation it's really more like an oval sorry more like a circle than an oval so we'll see if today that's Tuesday we've already gone to 33,235. We need to go to 33,273 to start leg B. If this is a B we get both the Chapman Wave Squash where I spoke about that last week and I spoke about it in my overview video for my subscribers talking about webinars Tom O'Brien does his what a week to do it Friday Tom O'Brien does his webinar this is Friday the 10th and it should be of course just a wonderful webinar all the different aspects that it covers so thoroughly and it should be just perfect timing for a webinar. What we're looking at is in this particular pattern the Chapman Wave Squash is the stochastic ground from under 20% to over 20% really quickly usually in a leg A maybe just a leg B and the magnate expanded with the histogram way above the the 0% line and expanding and it's the torque of the stochastic that gets you to peak A, peak B and maybe even C and then you hand it over to the MACD to continue to move to a D so we'll see what happens the day is young any close in this week underneath 32,500 says what are you talking about we are just stuck at this particular point we're looking it looks good and we are we're along the diamonds. All right got that out the way I want you to cover a couple of things as we were talking let's see Hi Basil I need help with oh so the three indicators that I talk so normally I wouldn't be talking about the stochastic because it doesn't happen that often normally I wouldn't be talking about the Chapman Wave Squash because it doesn't happen that often when it does happen it could be really powerful so all of a sudden I'd like to be talking about the 9 period over the 14 I'd like to talk about the MACD and all that but I don't need to the three things I'm looking at here is how strong is leg B if leg B doesn't become a peak B just moderately above 32,272 and then pulls back I'd say okay this is just this is one of those many buy signals maybe even buy mode in the day days but it's doing nothing in the weekly chart because the weekly chart hasn't given the right signals yet so the answer is everything's on track but I can't say that it's there yet and Nick I'll get to your question about the semiconductor but first I want to go to the Tiger YouTube Hi Basil I need help with EPAM EPAM is EPA trading at 340.38 up 8 at 242 very good question this because I want to do something on this very aspect of the chapter wave methodology for I would say not weeks but months and every single time as I'm busy doing my work I get sidetracked and I don't get to it so EPAM is EPAM systems Inc I remember a long time ago reading all about it and now completely forgot EPAM does it EPAM stock EPAM stock does what? and it says 20 years of industry reading experience trusted by Fortune 500 full service give me what do you do a leading digital transformation services and product engineering company will host and invest the day market watch okay alright so then the software technology engineering digital content consulting area so they had a spectacular move up into the 700s had a little bit of a dip down to the one I'd say the 190s and trading right now at 340.41 so look at this it gives you a cell signal with a long legged doji gap up long legged doji must have been a news event over there on the 29th of March 330 oh ho ho nobody told me this 330 round number high round number high and then it fails and it fails and it just makes a really bumpy arch formation down to the 260 level I must check now that it makes round numbers is that a round number ye at 260.68 and then it goes peak A peak B could be F slash B but it it pulls back and holds the bone and now what I want to talk about this book it has a peak A peak B peak C and it's just made a peak D underneath the peak is high I'll talk about that with the blue term that's the chapter title 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 news subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I published 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one sixty eight point fifty nine unbelievable it gets taken out for six hundred points in the downside announced in the monthly chart AB but it's really more sideways than anything else so the question is within the context this is a B that obviously becomes a B minus but it's still all in a by mode because the MACD was very strong stochastic we only briefly went above eighty percent but it held that they held the low and became a became a rectangle formation and the rectangle formation says if you start to make high highs and higher lows you can go just under right on it just above the previous high of the flagpole that's the flagpole in this case it's three hundred sixty three hundred sixty four point sixty five on the fifth of fifth of May and yeah we are on the sixth of June five goes to six six and we've already made a peak D quite a bit underneath that previous high this high was only three forty nine forty four now the question is I need help did it make a peak D or is it a gray so the real question is do I do I keep holding this and my answer is it's doing well within the context of this market it isn't great but just you know on a daily basis it's done quite well on a weekly basis of making a stair step move but it's not breaking down it would be great if last week it went to leg D and leg D went just to the about the three fifty nine sixty level that would be really important because what it would have done is got the mag D which has turned up but it hasn't crossed positive it's still pink it would have got it to a almost a crossover and then I would have said hey this is looking good because now you've got a weekly rectangle formation to combine with the the daily but the weekly says if the because you've gone above the high that was made the week of the fourth of March with the three fifty five seventy six now I would automatically raise the rectangle to that level right there so you've got a much larger one so yes the the real question is you're long should you stay long the real question for me is if I'm looking at it for the very first time I don't like peak D's underneath the previous high unless the technicals are holding really well well the mag D is not great but it's good the stochastic is not great but it's at eighty two percent and flat the on balance volume is now the strength of the gray line there is good in the daily chart the nines way above the fourteen I'm going to suggest you hold it but I am going to suggest something because at a peak D under the previous high it's going to really require a tremendous amount of energy to pierce that high not just to pierce the high of the fifth of May at three sixty four sixty five well that's twenty something points above you wouldn't mind that I'm just going to say I'd hold tight what I would do is one small position today's low is three thirty six round number low even the next two days or next three days it takes that out take a little bit off and then let's look at it together I don't want you getting out of something that's showing such tremendous strength since it made a low that was March of this year it hasn't it's shown strength in the price movement of one sixty eight going to the three sixty three sixties that is that's a double right just about so what I'm looking at here is it's shown that that kind of percentage going it looks horrible if you're looking at the charts and let's go and say what are you doing for me now it's doing very nicely for you I wouldn't want you to get out of anything but a small position if it takes out today's a low of three thirty sixty say say wait a minute that's five points I don't really want to give up five points and then say oh it's not good say that's the case and if you're really really a little bit nervous take off right now three forty one point eighty because if it moves up from here what you've done is you you are still in the end in a really good long position I don't want to I don't want to I don't want to tell the stock what to do I'm just saying it's acted well it's in a rectangle formation no he didn't go to the previous left side high in the rectangle it's also a cup formation but it is making high highs and high lows and when it takes a bit of a breather this is nothing it's an inside bark on considering Thursday's big green candle so all I'm saying is if anything take a little bit of I would try to keep the core position because as long as the market tries to move high you can see this wants to go higher that's all you need and then we'll look at the weekly chart maybe towards Thursday so okay I hope that helps a question here is SMH's I did the SMH's but I'm gonna do them again and they did them in a different context look the SMH's this is different look this is the rectangle formation with a cup formation and it's really struggling it's actually sad to see the semiconductor index which for years has been a leader on the way up and a leader on the way down struggling like this I'm drawing in the microwave inside wedge target resistance line and I'm going to say for this week I have a target of about two it's a 246 of about 251 and it should occur by what's it like to do the six it should occur by about Thursday or Friday if it starts to fail then I'm gonna say be careful with SMH's they're still lagging now the question is would you mind is it leg C no it's a peak C yes you're right it's a peak C and what I'm looking at is the 9 peak is way above the 14 that's fabulous the mag is really strong that's good so cast it's flat at 88% and what I am saying to you is that I am anticipating there should be a leg D and then we have to reassess because it's really a small one nice percentage going from 215 0.23 on the 12th of May to the high of the second 249.12 it's a 50.55 point gain hey that's really good 20% gain just from the low but this is something that was a 318 double top 318 in January so yes I do like the same as but only I like them only because they're running but I've avoided them for now because I think choosing what we've chosen as an aggressive long that covers that sector is better but your question was SMH's look at the way it struggled that the 14 period moving average in the weekly chart that's the black line there it's gone to a leg A still a leg A until Friday's close because if it doesn't make a higher high above that what does it say 249 area that's just going to be a problem but I think it has a chance to do that but the monthly chart says a lot of work needs to be done in the semis I hope that answers your question but the only thing I want to say is a close this week below 236, 230 ages the 14 period moving average not only starts to fill that gap but it's very negative and that would be almost like the oval pattern in fact I'm going to put this in it's almost like a stalk leg formation it doesn't look like a rectangle it looks like an oval and as such I'm going to put that in you might have the stalk leg here as well which says it could go to a leg D and then you've got to be careful because if it takes out the load that was made on the 1st of June of 237 61 the SMH's have a bit of a problem I'll be back and we'll go to Mimmy's and see how you turn go let your act, I will Are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating a vision when it comes to all areas of the 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traded on the NYSE American and TSX under the symbol VGZ yes so let's go back to maybe question was ERF ERF is ERF here we go ERF leg D huge leg D up 56 cents at 1660 up 3.49% today alone this is GSAS C in the weekly chart leg E enter plus corporation oil and gas assets so maybe if you remember we were down here the 15 1558 I think level and I said I would recommend that you start a little nibble in the position right now if it takes out the high of either that day or the day before I would add the trading position and try to keep the other as a core so now here it is at 16.63 up about 10-12% from where we discussed it leg E the on balance volumes becoming very very overboard but the MACD is very strong on the stochastics at 93.46 I love 93.46 so what I'm going to say to you is if you are still in it just be prepared that the on balance volume suggesting that there could be a dip it doesn't say major leg D goes to PD massive smashed it down side going back to the 9-speed moving average of 15.13 then 14.59 at the 40 what it says is you could get some sideways action as this somewhat overboard level on balance volume tends to see some filtering of that upside momentum as it needs to just digest those gains so that's what I'm suggesting I like it I believe you should be in it because we've spoken about it a few times and all I'm saying is that if you have a question now because you're saying wow just look oh man look at this is a vertical move it's like one peak since it was down the 12 there was peak C for a day and then it made a new recovery high I'm just suggesting to you E in the monthly chart this is in the area of greatest import at this particular point I wouldn't want you to do anything thinking of shorting or thinking of getting out but I will say to you because you asked the question I'm going to say take it a little bit off reward yourself I always mention this there are players in the business at this particular point in leg D with everything just looking unbelievably great but getting a little topic would say I am going to double my position I mean I got a pyramid and it goes up it doesn't go down where I lighten up I add if I'm in a winning position and those are the people that either just get wiped out or they make a fortune but this is not the business we're in staying in business it is really tough I couldn't tell you I just know out of hundreds of people that have signed up for Discord over the last month or so whatever it is two months I just know that there are people out there that have just had exactly that happened to them they got they got smacked got almost wiped out and it took it was really hard to get back and many of them are here because they got back Bravo I mean it takes a lot of effort I don't want you to even experience that so I'm saying this is where I would start just like I said to Joe Malay who talked about EPAM you want to stay in the business I'd rather sacrifice a certain percentage to the upside by knowing I'm still in business and just say oh coulda woulda shoulda because the whole idea is it's a long term that's why I don't try to do those positions for the screen as well we've got a big huge position and we can take our 6 or 8 or 12% in a day and woohoo you've made your fortune no it's just one part of the smaller the smaller the number of the entry point if it's a $7 stock the less I say you want to be committed it might be a very nice percentage but you're not going to put 80% of your money in it that's the way I look at it so ERF very strong 120-minute chart oh I'm going to do this I haven't done it in a little while and it's fun and I always forget about it so this is brand new ABCD yeah it could be an E in the 120-minute chart let's go to the chaplain wave automated support resistance lines let's go to ERF ERF there you are and what do we have nothing nothing in the data we have 6.69 in the 16.69 in the we've got 16.34 in the 120-minute chart we're above that nothing in the week in the monthly and the week yes 16.04 we're above that so you can see this is a pal this is in the sweet spot and all I'm saying is money management says maybe take a little bit off reward yourself and you could always think of putting it back maybe a Thursday Friday we look at it again and add a bit of a dip maybe that's the opportunity next question is tiger TV question Mark I am in Enbridge ENB these are all great we've got all these oil service sectors this is Enbridge let me just jump to ENB ENB I don't think I've got this notated oh I did I know that I did there it is a peak D in the weekly chart makes a V shape formation getting back to that left side high peak A peak B peak C leg D like the energy a lot of the energies are in this D the previous high was at peak E right there on the 5th of April at 47 42 is at 47 19 today having gone to 47 23 how many times have we seen these stocks go back within pennies of the previous high and then take a breather so what's your question I'm in Enbridge ENB and would like your analysis of the stock in order to evaluate my decision making from my limited knowledge I see it looks good on a monthly chart but your input would be much appreciate thanks in advance sharky okay so let's do this oh another sharky huh alright we're looking at this weekly chart and a peak D makes a V shape pattern look he has a V shape pattern now what do you think I'm going to do I'm going to say if I want to measure you know how Tom O'Brien looks at volume and he likes to look at the vertical aspect what was it doing at this particular point of what is it doing here which is going to talk about in great I can imagine it's huge detail on Friday when he does his webinar well I like to do the same I use on balance volume a slightly different concept it's just a running total of if the price is up on the on the bar at the close you add it to a running total if it's done you subtract it I love that because I started off in the business there wasn't in the business I was an amateur with uh with my my friend Joe Granville's on balance volume and I used to have to add it up myself it was just horrible with the calculator and all and then it became an on balance volume running total there's the blue line in the daily there's the blue line in the weekly and look what it says it says that the magty is good but it's not as good as it was at the high that was made at 47 42 the week of the 8th of April the stochastic was really strong and on balance on balance volume was strong and now look at it the as magty is good but not great and the stochastic is only at 75 percent but the on balance volume is good it is getting a little overboard so let me this is the same thing that with MIMI I don't want to get you out of the most fantastic position when you're in it and it's doing well and it's being a leader in the field so this is what I'm going to suggest this is peak A that's peak B this is peak C and this is leg D by mode completion in the sense that you fulfill the obligation of getting to at least remember at least a leg D going to a potential peak D and that's what we're looking at in the weekly chart went to a peak D and pull back sharply monthly chart is an A B C D E and it could go to an F it goes one penny above the F side height so what it do and I'm going to take my time for a second to go pretty much the same thing that I said to MIMI I'll be right back 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 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 get the opening call newsletter by Basil Chapman and your inbox every day 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 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 Pesavento 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 the segment 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 Hi folks so the reason why during the break I was doing so much work on the one-minute chart of the e-mini was to show you the vertical test that the e-mini went to at 10.07 this morning 4168.25 and then went into the rectangle formation remember rectangle formation lost a lot longer than your patients but at the same time I left to draw it as a bowl formation because there's always a good chance that it's going to retest the high what it did it went to at 10.53 that's almost 45 minutes later it went to 1.67 4167.25 and look the magnet is much weaker and the stochastic went from 83% down to where it is right now 53% so that's saying you're looking at weakness the reason why I'm bringing this up is look we've got shocker we forgot I've got LNG just the question that then came up during the break LNG just stuck for the moment made 150 round number high recently we'll do that tomorrow I don't think it's going anywhere right now but the question is Enbridge ENB well ENB look at this the weekly chart both on the the daily and the weekly had that double top formation and the technicals here on the daily are actually quite good but the weekly chart says not quite so good and it's in LNG so what I'm going to say to you is it's a little different to the other stock that we're looking at ERF I think in this particular case I'm going to say to you rather than take a little bit off here at 47.24 it's up 43 cents why not raise the stop on just a small position to about 46.90 I'm going to make it 40 46.30 just around about 46.30 just for the next day or so and let's just see where it goes because it's acting very well maybe tomorrow I'll say something like take a little bit off but at this particular point give it a little bit of room to see if it actually tackles the previous high so we're wrapping it up I'm going to hand you over to Larry for this event a great programming all day stay tuned, check out political data 1000 chapters signing off so then I'm out, but if you're young remember we're


A very good evening everyone. Welcome again to the Hindi News Analysis brought to you by Shankar Ayes Academy for the date 7th of May 2021. Here are the list of news articles chosen for discussion today and the video is time stamped for your convenience. As you know as a segment of our news analysis we have been discussing some of the preliminary questions from the past year for the benefit of the students with the preliminary approaching. So let's start today's analysis with some of these questions and let's proceed to the analysis later on. So let us start this section with the question on G20. So let's read the question in which one of the following groups are all the four countries members of G20 and we have given four options. So this is taken from the current affairs part of the syllabus pertaining to the international groupings and questions like this are very common in UPSC. Knowing the member nations of some of the important international grouping is very very important and few years ago there was also a question on OPEC. So the question says that all the four countries in the option that is to be chosen should be a member of G20. Regular followers will remember that a couple of days ago when we were discussing G7 we also discussed about G20. So the G20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, India, Indonesia, Italy, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, UK and the US and apart from that we also have European Union. So as you can see it has 19 countries plus the European Union. So all the members are not countries and we have 19 countries plus one Union and note that the grouping is concerned with global economic and financial issues only. So it represents about 80 percentage of the global GDP. So G20 doesn't have a permanent secretariat and the 2023 summit is expected to be hosted in India. So with this information let's go to the next question. With reference to foreign direct investment in India which one of the following is considered its main characteristic. So this is an application based question on a FDI. So let's know what is FDI first. So foreign investment means any investment made by a person resident outside of India through a capital instrument on an Indian company. So the capital instrument means it can be equity, it can be debentures, it can be share warrants issued by the Indian companies, etc. Now the FDI is the investment through capital instrument by a person resident outside India as we just saw. And if you notice FDI includes investment in listed as well as unlisted companies. So statement A is incorrect. It is not essentially a listed Indian company. Also the investment is not associated to government securities rather to capital instruments of equity shares debentures. So we eliminate option B as well. Now look at option 3 that is also incorrect because death servicing means the cash that is required to cover the repayment of interest and principle. So FDI is an investment option. It's not a death servicing option. So that is also an inaccurate description of FDI. So all the three statements are incorrect. That is A, C and D are incorrect. So option B is right. So the second statement says it is a largely non-debt creating capital flow. So as we just saw it is an investment instrument right and does not create any debt. And FDI is largely a non-debt capital flow that is the one where there is no direct repayment obligation. And in the case of FDI and FBI, there is no debt repayment obligation at all. So they are non-debt creating capital flow. So let's move on to the next question. With reference to Indian economy, consider the following statement and the statements are about the commercial paper, certificate of deposit, call money and zero coupons. So the correct option here is option C. Let's see how we arrived at it. Okay. See the commercial papers. It's an unsecured money market instrument. That is, it has no underlying asset to support it. And so it is issued in the form of a promissory note. And it was introduced in India in 1990 with the view to enable highly rated corporate borrowers to diversify their source of borrowings and to provide an additional investment instrument. Okay. And subsequently, the primary dealers and all India financial institutions were also permitted to issue commercial papers to enable them to meet the short term funding requirements of their operations. And corporates, primary dealers and all India financial institutions are right now eligible to issue commercial papers. And the commercial papers can be issued for maturities between a minimum of seven days and a maximum of up to one year from the date of issue. So option one is right. Look at the second statement. The second statement is wrong because the RBA doesn't issue Certificate of Deposits to Bank. So your certificate of deposit is a product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to give a lump sum deposit untouched for a predetermined period of time. Almost all consumer financial institutions offer them. Okay. So statement two is wrong. And consider the statement three. Statement three correctly defines call money. Call money or a notice money market forms an important segment of the Indian economy. So you should know about it. See under call money market funds are transacted on an overnight basis and notice money is slightly different. And a notice money market the funds are transacted for a period of two days to 14 days. And the participants in call and notice money market currently include banks, primary dealers, development financial institutions, insurance companies and some mutual fund agencies. So call money and notice money are short term instruments. Okay. See statement three is right. And coming to statement four, the statement four is also incorrect because zero coupon bonds are government securities that are issued at a discount and redeemed at par and no interest payment is made on such a bond on periodic intervals before the maturity. And that is how we arrived at option C where one and three are correct. Now coming to the next question, consider the following statements about CPI and WPI. Correct option for this question is option A. And this is an economics based question again. And CPI and WPI are very important policy tools that fines mention in the news. On April 16th, also we had a discussion on this. So coming back to the question, first statement is about the weightages. See the index basket of WPI covers commodities falling under three major groups that is primary articles, fuel and power and manufactured products. Here the manufactured products have the highest weightage of 64.2 percentage followed by primary articles that has a weightage of 22.6 percentage and the fuel and power category has a weightage of 13.2 percentage. And these three categories of WPI covers the prices of the products and commodities from four sectors. They are agriculture, mining, manufacturing and electricity. Here we can see that the services sector is not covered under WPI. This is all factual information that you may have to remember, but let us understand it better. See, as the name goes, the wholesale price index, it calls for a wholesale approach, right? And daily food cannot be wholesale. And services can never be wholesale, right? So the first and the second statement is right. And in case of CPI, it measures price changes by comparing the present cost of a fixed basket of goods and services with reference to a base year. And these goods and services can be classified on six broad categories, which is food and beverages, clothing and footwear, panned tobacco and intoxicants, housing, fuel and light and miscellaneous. The miscellaneous ones include health, education, transport, recreation, etc. And out of all food and beverage has the highest weightage. RBI is using CPI combined as the sole inflation measure for setting inflation target and ensuring price stability. And it very recently switched from WPI to CPI. So third option is wrong. So that is how we arrive at our answer. So that brings us to the end of this segment on preliminary question discussion. Let's move on to the discussion on news articles. Now let us take up this news article. And this is about oxygen saturation levels. See recently, the Health Ministry of India issued guidelines regarding the management of adult COVID-19 patients. And according to the ministry, an oxygen saturation of 92 or 93 in COVID-19 patients should not be considered critical. Instead, this level should only be considered as a buffer that enables the patient to reach the hospital for treatment on time. See, this statement was issued by ministry because people are panicking and stocking up oxygen cylinders in their home. And even if their oxygen level dips slightly by say one or two percent to 94 or 93, they are using these stocked up oxygen cylinders. And this is dangerous because it deprives oxygen to patients who actually need it where their oxygen saturation level is critically low. And this is why the ministry has issued this statement. Now in this context, let us learn about the blood oxygen level. See, the blood oxygen level is a measure of how much oxygen the red cells of our body are carrying. And how is the blood oxygen level measured? It can be measured by two different tests. First one is arterial blood gas. See, the arterial blood gas commonly abbreviated as ABG is a blood test. With this test, we can measure the blood oxygen level along with the pH levels also. See, the ABG test is very accurate, but it is invasive and also time consuming. So the oxygen level may vary from the time of giving the blood for test to the one that is actually in the blood when the results are out. So many doctors do not prefer this way. Instead, they usually go for the second way of testing, which is using the pulse oximeter. The pulse oximeter is a noninvasive device. And it estimates the amount of oxygen in your blood through infrared light passing into your capillaries in your finger, toe, or your lobe. Then it measures how much light is reflected off the glasses in the blood. See, a pulse oximeter reading indicates what percentage of your blood is saturated and which is commonly abbreviated as SPO2 levels, right? But this test has a two percent error window. This means the reading may be as much as two percent higher or two percentage lower than the actual blood oxygen level. So this test may be slightly less accurate and doctors prefer this method because it is very easy to perform noninvasive and it is very quick. Now let us learn more about the different oxygen saturation levels. See, the measurement of your blood oxygen is called your oxygen saturation level. In medical shorthand, you may recall it as SPO2 when using a pulse oximeter and there are three levels which is normal above normal and below normal. See, normal is when it is 95 to 100 percent, right? And below normal is when a pulse oximeter is below 95 percent. See, a below normal oxygen level is called as hypoxemia. Hypoxemia is often cause of concern and especially in the current pandemic situation. The lower the oxygen level in the blood, the more severe the hypoxemia and this can lead to complications in the blood tissues and organs. And according to World Health Organization, training manual on pulse oximetry, if the oxygen saturation is 94 percentage or lower, the patient needs to be treated quickly and the saturation of less than 90 percent is considered as a clinical emergency. And according to the latest Health Ministry clinical guidelines, the adult COVID patients and oxygen concentration of less than or equal to 93 on room air requires hospital admission. While that below 90 percent is classified as a severe disease requiring admission in the intensive care unit that is ICU. And note that hypoxia and hypoxemia are not the same. Hypoxia is the oxygen deficiency that happens at the tissues and hypoxemia is the reduced oxygen concentration in the blood. And hypoxemia can lead to hypoxia because blood is something that delivers oxygen to the tissues. So when blood oxygen level is lesser, it can consequently lead to deficiency in the oxygen at the tissue level leading to hypoxia. And hypoxia is a condition which can turn fatal in the COVID pneumonia cases. So this brings us to the end of discussion on the oxygen saturation levels. So now look at this article. So much has been discussed about the patents, trips and everything. But it also has an ethical side which can actually be a potential ethics question in our ethics paper. So through this article, what we are going to do is we'll just understand the issue and then we'll also have an understanding on the ethical perspective, both from the patent holders point of view, but and also on the humanitarian point of view, right? So let's get into the discussion. Recently, the president of the US has decided to support the waving of patents on COVID-19 vaccine. And a group of drug makers argued that waving patents of COVID-19 vaccine could disrupt a fragile supply chain. See, this statement has important implications because doing away with intellectual property rights, which is commonly referred to as IPR and we'll be referring to intellectual property rights as IPR subsequently in our discussion today. So doing away with IPR will pave the way for cheaper versions of the vaccine to enter the market and also scale up production. See, a medical patent is legal protection granted by the government to the inventor of a unique physical item or a process with a medical purpose. See, it prevents competitors from making, using or selling the patented technology for a limited period of time only. So note that it is limited by the time. See, India has been leading a push from the lower and the middle income countries at the World Trade Organization to do away with patents on vaccines against COVID. The demand had also been raised by the human rights bodies and global advocacy groups. However, the appeal to do away with the IPR have been unsuccessful so far in the face of lobbying of powerful pharmaceutical companies. So coming to the significance of widens decision in this background, lifting of patent will allow the formula to be shared, correct? Then any company which possesses the required technology and infrastructure can produce vaccines and this will lead to cheaper and more generic version of COVID vaccines to be available in the market. Hence, vaccines will be more affordable and this will help in overcoming the vaccine shortages. And we know that inequitable distribution of vaccines has opened up a glaring gap between the developing and the wealthier nations. And the rich countries have already received billions of doses and gave the shot to considerable percentage of their populations. And when they are looking for normalcy back into their lives, poorer nations that continue to face shortages have overburdened healthcare systems and hundreds are dying daily, as we see in the news every day, sadly, right? See, the issue of waiving intellectual property rights is one of the conflicts between the human rights that we just saw and the patent interests of the pharmaceutical companies. So the patent holders have their side of story as well. See, the drug manufacturers argue that innovation as well as vaccine quality and safety depend on maintaining a exclusive IPR. How? Simply put, if there is no incentive for innovation in the form of patent protection, there will be no innovation. The people and corporation will find a need to innovate and find solutions to the problem only if they are given some kind of reward, right? So that is why patent becomes important, say the drug manufacturers. And another argument is that IPR are important because of the money and effort that goes into research and development. They feel lifting of patents would be a huge deterrent to them investing heavily on the vaccine development, especially during the pandemics in the future. That is, they won't be nudged towards investing in the patents because anyway, it will be liberalized. So we don't get any incentive. So why to invest on the vaccines? So according to the Federation of Pharmaceutical Manufacturers and Associations, if the WTO approves the Bidens proposal, new manufacturers lack less essential know-hows and oversights from the investors would start making vaccines. And this would do more harm than good. Vaccines that are made by these companies may not be perfect. So which can actually cause potential side effects. That is the point that they are trying to make. And they argue that the biggest challenge is not IPR, but the availability of raw materials as most vaccine makers focus on the mRNA technology. So this is the other side of the story that the drug manufacturers put forth as a justification of patents. So let us hope that an amicable solution will be found at the earliest and the vaccines would reach every nook and corner of the world. And students, you can also take a stand on this issue and you can post it on the comment section. With this information, we have come to the end of the discussion on this topic. Now look at this news article. It talks about different portfolios that were assigned to the ministers of TN Cabinet. So in this slide, let us see some important facts about the appointments process of the CM and the council of ministers. It's very important from the polity point of view, right? So as we know, in the parliamentary system of government, the governor is the nominal executive authority or the head of the state while the chief minister is the real executive authority or the head of the government. Thus, the position of the chief minister at the state level is similar to the position of PM at the centre, right? Remember, Article 164 of the Indian Constitution deals with the appointment process of the CM and the state council of ministers. So as you can see, the constitution does not contain any specific procedure for their appointment, except that chief minister shall be appointed by the governor. Usually, the governor appoints the leader of the majority party in the state legislative assembly as the chief minister. Pay attention here, right? And during situations where no party has a clear majority in the assembly, the governor using his discretion will appoint the leader of the largest party or the coalition in the assembly as the chief minister and will ask him or her to seek a vote of confidence in the House within a month. On coming to the state council of ministers as specified in article 164, they are appointed by the governor on the advice of the chief minister. And note that the 91st Amendment Act of 2003 added a new provision in relation to the compensation of the state council of ministers. And according to this, the total number of ministers in the state council of ministers, including the chief minister, shall not exceed 15% of the total strength of the legislative assembly of that state. And see that there are no specific guidelines in the constitution on what the governor should do or whom he or she should invite in the situations where there is a face-off between the parties on the coalition allies. And at such instances, their recommendations of Sakarya commission that was set up in June 1983 acts as the guiding principle. So, according to it in situations where no single party has obtained an absolute majority, the governor should make decision based on the order of preferences as you can see in this slide. So, note these points, these are very important from the main's point of view and you will be able to access this from the PDF that is being provided in the description box. So, with this information, let us move on to the next section. Now, look at this article. This article is regarding an important observation made by the Supreme Court of India. Recently, the Madras High Court judges had said that the election commission of India officials should be charged with murder for allowing rallies and mass gatherings during the Tamil Nadu Assembly elections during the pandemic. And later, the election commission of India filed a plea in the Supreme Court to restrain the media from reporting oral remarks made by the High Court. So, as we know with the advent of technology, the social media forums are taking the court observations to a much wider audience. And the Supreme Court observed that the real-time reportage of the court proceedings including the oral exchanges in the courtroom between the judges and the lawyers is a part of right to freedom of speech. And the apex court also said that the live reporting of court proceedings is a cause of celebration rather than prehension. So, in this context, let us discuss in brief about the transparency and accountability in the Indian judicial system. Here is the syllabus for your reference. See, the judicial organ enjoys at most prestige in India. The judiciary is looked upon to even fill the lacunae left by the executive and judiciary. The trust and the faith of people of India is a psychoanon for the judiciary to be running and successful. And this is what is commonly called as judicial independence, right? And over the years it is being said that the favoritism nepotism corruption have also kept into judiciary as well. And this is being said that it is protected by the weapon of contempt of court and unaccountability. And as a result, most of the wrongs done by the judges go undetected. The accountability only arises when you have someone towards whom you will be responsible to, right? So, in Supreme Court in Manohar, son of Manikrao Anjule versus state of Maharashtra stated that it is undoubtedly that transparency is very important for a democracy. See, there are several issues of controversy in the Indian judiciary and the first is its power of contempt of court that is being criticized very often. See, there are arguments that judicial power has been used to settle scores and silence the critics of the court and it has even come in the way of reporting of corruption in the judiciary and the courts. The appointment of judge is another controversial topic where the judge is resisting transparency. Know that the appointment of Supreme Court judges is made by the president of India on the recommendation of chief justice and four other judges. So, who makes it to the list and what are the criteria employed by the executive to narrow down on some particular judges, these things have not been made transparent. So, without a transparent process of appointment of judges, the collegium system will not have the credibility and the legitimacy. This is provided by a 2019 incident when the then chief justice of Metra's High Court, Vijaya Kamalesh Tahil Ramani, resigned after the collegium upheld the decision to transfer her to a different state high court. In 2014, the government tried to replace the collegium system with a National Judicial Appointment Commission which is commonly called the 99th Constitutional Amendment. The Supreme Court argued that the NJAC hampered the independence of the judiciary and it stuck it down in 2015. So, the need of the hour is a system which can address a major flaw of the collegium system which is secrecy of its functioning and lack of reasons for its decisions. The next case is the live streaming or covering of the cases on video. So, this has been dodged by the Supreme Court of the High Court's time and again and even in the case Swapnil Tripathi versus Supreme Court of India 2018, the Supreme Court ruled in favor of opening up the apex court to the live streaming. But still this remains on paper only and all this augments the judicial opacity. So, there is an urgent need to develop an in-house committee that can find a balance between judicial independence and transparency so that the democracy is enhanced. See, students look at this article. See, this article's essence is quite radical, I must say. The author's views are quite radical and from our end we have tried to moderate it for the students convenience as much as possible and the views are largely from the author only and from exam point of view this article is very much relevant for a sociology optional student and for a GS student it is more to gain a perspective of the issues that is happening around us in this pandemic situation, right? Now let's get into the discussion. See the author in this article talks about the ongoing crisis caused by the pandemic in India and also on the role played by the Indian state in this regard. So, in this slide let us see some important points mentioned in the article and this is the syllabus covered by this editorial. So, let's first start with the present crisis and the concerns as put down by the author. As we know with each passing day the situation in India is getting worse and this is evident with the surging number of positive cases and the casualties the very instances of citizens attacking the hospital persons for the loss of life of their loved ones due to inadequate medical care or scenes of citizens struggling to breathe with an oxygen cylinder on the pavement highlights the intensity of the crisis at several levels and as pointed by the author apparently on the other side of the crisis we are witnessing the failure of the Indian state or the collapse of our system and few narratives this on the governmental responsibility also see such kind of self-defense not only affects the lives of people or alters people's trust over the state but it also impacts the Indian democracy. So, with this backdrop the author in the editorial critically analyzes the role played by the state in handling the pandemic and on how it is diminishing the democracy and he draws in philosophical theories to better explain his point. Firstly, he talks about a concept called social murder. So, we know that social division was a very prominent feature of the ancient England and back in 1840s the English ruling class and the state made their working class to work and live amidst very horrifying conditions. Such poor conditions not only caused ill health but also made the people of working class to meet their deaths very early in their life and Friedrich Engels a German philosopher named this as a social murder. See, social murder refers to a murder that was explicitly committed by a political and social elite against the poorest in the society. See, it is similar to the murder committed by an individual but the only difference between a social murder and the murder committed by an individual is that in a social murder the murderer is unknown and the death appears to be a natural one. Okay, and the author in this editorial views the ongoing Covid deaths to be very similar to this kind of social murder and he also points out that the only difference between the deaths in England in 1840s and that of India at present is that no particular section is targeted. So, he also talks about the state's failure through the migrant worker crisis. So, if you remember the lockdown imposed during the first wave of the pandemic many migrant workers were left unemployed. So, they were left with no other option than to walk to their homes even though it was thousands of kilometers and note that this journey to reach their native villages served as a transmitter for the infection which further led to the social ostracism of these migrant workers and when the government was questioned on the plights of such migrant workers the government justified its stand saying that migrant workers chose to migrate back voluntarily and the author considers this more of the government to be a classic case of social murder. See the author also hints about the kind of double standards that is in practice. For example, the ordinary people like migrant workers are expected to own up to their mistakes whereas the powerful institutions show a lack of willingness to own to their role in the spread of the virus just like how Kumbh Mela was justified and this in fact will lead to social Darwinism where only the most powerful will have some chance of survival. See Darwinism says survival of the fittest and social Darwinism says the most powerful will have some chance of survival right. Now next he talks about the patrimonialism. See we'll understand this better. The author further compares the distinct tendencies of the Indian state to that of patrimonialism or in simple words a highly personalized and centralized form of rule. Under patrimonial form of government the ruler exercises a traditional form of authority which does not have a constitution or anything but which rests on the sacredness of say an ancient text or an immemorial tradition instead of having a rule based or an impersonal rules are which is not based on rational legal bureaucracy and according to the author patrimonialism in the Indian state is built on the ideology of religious majoritarianism and nationalism and it is made legitimate by the success of the elections and as caller points out one of the fundamental problem in patrimonialism is the lack of proper accountability and this is evident even in a present situation as well. See if you see the executive being the head of a democracy has not addressed a single press conference on COVID-19 and the author then turns his focus on the arguments prevailing around the cremations. See it is argued that the cremations cannot be shown by media because it is a part of the sacred act of some sections of the Indian society. See if the number of deaths is not made known statistically then the actual intensity of the pandemic will remain unknown only to the public and the criticality of the situation will not be appreciated by the public and as epidemiologists say hiding the real gravity of a pandemic will lead to an even bigger disaster because the people will not behave responsibly right now say for instance if the china state had not hidden the pandemic in its initial stages that the world probably would have been better prepared at this juncture right and this is the reason why world media had a sustained focus on the hot spots like US, UK, Brazil where the death tolls were high. However this doesn't seem to happen in India since the concept of cultural exceptionalism is coming into play that is the reality is being hidden behind the veil of culture so remember by participating in the state's failure to fulfill its duty or responsibility we are actually encouraging conditions of social murder and this happens when we support the arguments that are against the cremations being televised or recorded. So in essence the author says that at present India is witnessing different kind of prejudice and according to angles when people are placed under conditions which appeal to violence they have two choices they will either rebel or they will either succumb to brutality so as a conclusion the author is advising the people to become citizens instead of being mere subjects under a patrimonial rule because it not only leads us to light but also prevents our democracy from fading away so that brings us to the end of discussion on this editorial let's move on to the next section now we are at the fag end of the session which is practice questions so we have two questions for discussion today let's go over it one by one so look at this question which of the following is the most accurate description of hypoxemia so we have four statements so the first statement is it refers to the high level of carbon dioxide in the blood see this statement is wrong because hypercarbia refers to the high level of carbon dioxide in the blood it refers to high level of oxygen in the blood which is also not true because it means hyperoxia and look at the third statement it refers to the low level of oxygen in the blood see low level of oxygen in the blood is called as hypoxemia and we saw this in the discussion so c is the correct answer and look at the third statement it refers to the low level of carbon dioxide in the blood so this refers to hypocarbia okay so the correct option is option c next question consider the following statement about sarcaria commission we have three statements here the first statement is it recommended the order of preferences to be followed when no single party obtains absolute majority so based on our analysis we can infer that the first statement is correct and the second and third statement is largely of an information that we may have to retain in our minds okay the second statement is it recommended the criteria to be followed in the appointment of the governor this statement is also correct see the committee in its recommendation also prescribe the criteria for the appointment of the governor in the state and another prominent commission along with the sarcaria commission is the panchi commission which also gave recommendations on the same subject okay so according to it the governor should be an eminent person in some walk of life should be a person from outside the state should be detached a figure who's not too intimately connected with the local politics and also a person who has not taken too great a part in politics especially in the recent past so these are the recommendations and so second statement is also correct look at the third statement the recommendations were affirmed by a constitution bench of the supreme court in rameshwar prasad this is union of india in 2005 so this statement is also factually very correct considering the third statement the sarcaria commission recommendation was affirmed by a constitution bench and it is often called as the guiding principle and at the main reference point so the statement 3 is also correct so all the three statements are correct so the correct option is option d which has all the three statements post your mains answers in the comment section for pure review with that we have come to the end of today's discussion if you like the video like share comment the handwritten notes link is mentioned below in the description box writing few answers every day would give you an edge in the mains preparation consistency is the key we know so be a mask stay safe stay indoors good day


highly, highly stigmatized people that Jesus reached out to, the disabled people, the lepers, all of those people that he transformed the lives of by reaching out to them and showing that actually, despite society being turned against them, they were perfectly acceptable. And here you are as a Christian, talking about trans people not even existing. Honestly, I don't know that the trans community would be too happy about him comparing them with lepers and the disabled, but generally the point that they're trying to get at is that Jesus hung out with prostitutes and sinners, and he had no problem with that. But that's just a total misunderstanding. The distinction here is that Jesus did call people out of their sin into new life. Think about the woman caught in adultery. Jesus said, if any of you haven't sinned, cast the first stone, and they all left. But then what did he say? Keep doing what you're doing, lady.  No, he said, go and sin no more. Jesus called her to repentance. God calls us to embrace the person that he wants us to be and not the person that we think we should be.