August 14th The Tiger Technicians Hour on TFNN - 2026

The following is a presentation of T F N N. >> [music] >> The Tiger Technician Hour with your host Basil Chapman. Call now toll free at 1-877-927-6648. [music] Now [music] Basil Chapman. Good morning everyone. Basil Chapman here on this Tiger Technicians Hour Friday the 14th. We're looking at the Dow. Oh, let me just get this. I just want to move this away. One second. There we go. I think that's a C like seeing the one minute chart. Just wanted to do that. And now we can go to Yeah, here we go. All right. So, let's get this started. We're looking at the Dow. Uh well, I was going to talk about the Vix. I did that in the update. I'll come back to that because it's quite important. Um the Dow right now is down 40 points at 53,797. It needs to get to the upper part of this candle without taking out yesterday's low to be able to say, "Hey, making a little U-turn. We can do that." And if we don't um if we don't take out the 53,622 low of yesterday, but in fact start to climb slowly and I don't mind. It doesn't have to have speed. Just slowly towards the 54,000 level. Uh that's another 100 and whoa whoa whoa. That's 200 and something points. Well, but certainly by Monday. You've got to make this U U bend over there. Look at that. You've got yourself the chance of making Look at that. Look at right there. They are chance of making this U-turn to get back to the upside. It could take a week or two to do, but that's that's what you need to do the Dow. But look at the S&P. So, the Dow right now down 31 at 53,810. The S&P is a little different. Why? Because the Dow made its high on the 5th of August. Yesterday, the S&P made a new all-time high at 7816. Let me just double-check that I've got that that price incorrectly. Okay. There it is. Price is correct. Yeah, 7816.70. Now, this is important. You see the way that nine-period moving average is so strongly above the 14. You see how the MACD is so strongly the green nine-period differential is called is so so much higher than the red 26-period exponential moving average. You see the red to strength there holding steady at kind of a high. Um the stochastics flat at 92%. I mean, that's what you want. That's the best thing that you could ever see. And not only that, you've got the on-balance volume was overbought when it went to that peak E or {slash} A high on the 5th of August, the same as the Dow. And now look at it. It's starting to come back again. But look at the weekly chart how it broke out of this rectangle to the upside. It made an arch formation, retested successfully, and went up. And that's really positive. >> [clears throat] >> Now, technical Fridays, I'm going to take a little time over these things. Look at Look at the way the weekly monthly chart has gone. You You You remember my my target was this and let me uh I'll show it to you right now. It's much better that I show it to you rather than just yakety-yak. I took the low of 3491 on October the 20 2022, and I went to the to the high of uh that was the high of 6147, and that was in January of 2025. And then it pulled back to the 4835 level, and that gave an extension of 161.8%. And what did that do? It went right to a level of 7815. When we were down here, it looked like, "Oh man, come on, 7815." Well, today the high is 7810. And yesterday the high was 7816.70. So, we are well on the way to tagging that level. And that's the street I use Fibonacci just as kind of um when I'm not really sure of an extension, um I I use that and I just see does it work or does it work. It's just real simple. And in this case it worked very nicely. There's your target. Now, let's get to the QQQ. I need also to tell you what the support level is. If we go to 77 70 to 7760 in the next day or two, that is not going to be good action at all. So, let's go to the um next next one, which is the QQQ, which it had a very strong session yesterday, but not today. Uh today it is I shouldn't say not at a very strong session. Look at that big green candle above the Canwave Insights. As technical Friday, let me just discuss these things in in pure purely technical terms. So, I I like to do this. It's It's been a part of my technique for a long long time is that I don't just do trend lines. Trend lines are nice, but I like to do an inside track. In other words, I have a little channel within that trend line, and you'll be amazed at how many times prices go right to that level and then they get repelled. Well, it went right to the level uh 3 days ago and got repelled. That was on the 12th. It went to 727.25. And then yesterday had a very strong candle. Today's candle is uh it's good. It's all-time I mean, it's a recovery high at uh 7 34.39. Uh pulling back a little bit here. It's a tiny little doji candle, but that it's not bad. I would have loved to have seen a stronger candle by the end of the day. Maybe it'll still do that. Why? Because you want this to be the reflex of action. It goes to uh it goes to the resistance. The resistance is tested and tested and then it gets broken. What happens sometimes is that it goes above and then it comes back and it tested and it goes under and you say, "Oh, that's a the false breakout." In this particular instance, this is a very good breakout um in terms of the 9 14 strong, the MACD strong, the relative strength is good. The stochastics at 92%. I mean, that's what you want to see. One balance of the volume is really quite pathetic down here. But I I think price is the arbiter of the trend and so far this is good action. Now, the weekly chart is this pattern of falling ax formation where you make higher highs Sorry. You make lower highs and much lower lows. And then all of a sudden it breaks out. And that's the pattern that I should show you. Uh let's do this right here. Give me 1 second. It's this pattern right here. And of course, I call it the falling ax meaning that it does not get any credence in technical books cuz you really should say it is a declining expanding cone formation. All those words. I like falling pattern. It looks like an ax, right? Anyway, so what happens you make lower highs and much lower lows. And all of a sudden it finds some support and it turns around makes either a V-shape pattern or a cup formation and it starts on its way up again and it takes out that declining upper trend line. Okay. So, what do we do? We're on the way to try to take that out. Now, that's a pattern that I use very often. Let's see. And let me just show you this. This is just for demonstration purposes. So, we had this exact pattern in, um, RBRK. Uh, RBRK, which is, uh, Rubric Inc, cyber security, uh, cloud data. So, uh, that was, oh, there, in the monthly chart. You see that? Declining highs and much lower lows, and all of a sudden turns around and makes the V-shape formation, and it took it right out. So, that and well, let me just talk was it talk about this one just a moment. This is something that this is a position that we've had, and when it goes My reasoning is that when stocks go to 95, very often, if they do it quite quickly, very often that momentum strong enough to take it to 105. Boom. Today, we hit 106. I did 105 yesterday, today we did 106, uh, 0.14, pulling back a little bit, just down $2 and 18 in late. That's the pattern. Now, let's go back [music] to what were we talking about? We're talking about the what do you think? The QQ, and we're going to see if this is able to do the same thing. This is in the weekly [music] chart, doesn't matter daily, weekly, or anything, but that's what we're looking at. I'll be back in a moment. Dow's down 24, S&P's up six. >> [music] >> Chapman taking the emissions hour, and we'll be right back. >> If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee, so you have nothing to risk. For all the details and to start your subscription today, visit the front page of tfnn.com. TFNN, educating investors. >> In the world of trading, only a few names stand out like Larry Pesavento. A pro's pro with over 50 years of experience, >> [music] >> Larry has seen it all. A former Chicago Mercantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. [music] Introducing Fibonacci 24/7, Larry Pesavento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, [music] charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week exclusively for subscribers. Whether through charts or videos, [music] Larry's analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all tfnn newsletters backed by a 30-day money-back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 24/7 [music] right under the newsletters tab. >> Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for [music] some, it oftentimes misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire [music] market looking for these hidden opportunities? One simple answer, the [music] opening call newsletter. Basil Chapman, developer of the Chapman Wave Trading methodology, has been trading the markets for longer than [music] most trading influencers have been alive. And over that time, he has honed his methodology in order [music] to accurately call movements in a wide range of equities, from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights [music] into key indices, selective stocks, and more. Opening Call subscribers also receive access to dozens of educational live streams that [music] can be accessed at any time for your edification. All first-time subscribers receive a 30-day money-back guarantee. So, ignore the pop trading influencers and start learning time-tested technical analysis. >> T F N N has launched the Tiger's Den, hosted at Discord. T F N has been educating traders for more than 20 years [music] with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all tigers and tigresses for just $1 [music] for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit [music] the front page of tfnn.com. >> So, I have a question. I'm going to do this right now. I'm holding. I was lost if I could you know, I of course I've had this done >> [music] >> many times before. Lost the information, but that's fine. Look, this is the monthly chart. N Y R M is the symbol. It's down one at 277.64. Have a look at this. So, you remember, this is the prime low. This is the low that starts everything to the upside. And you have to count each successively higher peak. So, that's a 78 66 79. So, this is peak A right here. Just very visually. Look, peak A. I mean, if the god's AI program just to do this very simple fact, it does it in some things. Now, look, that goes to a B, but underneath it you've got yourself an A right there. But, in October of 2024. So, I'm making a gray A. In fact, that should have been gray A and gray B, but yeah, I'll talk about it as an A and I'll change it to gray just for a split second. There, right? A, gray. And then B. Gray, why? Cuz it's under the previous B. It hasn't made a new C. It's still a B. So, what happens as long as that low is sacrosanct, as long as that's low is not taken out, the more times you make an A and a B and an A and a B and an A and a B or an A, the the greater the chances are when it finally breaks, it's called a re-catchment wave restart. It means that when it finally breaks out, look, from this low, every peak has to be counted. So, this is a gray A, right there. But, wait a minute. This high right here on the October a couple of years later on the uh October of 2025 at 183.16 is Look, 183 182. So, that is higher than that. So, that becomes C. That's not a B. This is a blue C because it is from this low, you have to count each peak. So, that's an A and that's a B. That's an A, but that's higher than that B. So, that becomes a C. So, it's just I mean, it's just purely uh notational, that's all. And then you get to a D right here. And the D is Okay, let me just give you the figure right now. The D is uh 452.70. All right, 452.70 and that is earlier in the year, 452.70. Now, this is the thing I've been talking about for a little while now. The pullbacks are so vicious. Let me just so you can see it. Look, the most obvious low right there is that, so that becomes a gray A. Gray A because I haven't got any signals to say the stochastic's up over 80% anything like that, and that becomes a B. Gray B, I'll change it just because we're talking about it, and it's a live session, so I want to do it exactly right. Uh so, it's gray A. You don't have to do all this. I do this just to to demonstrate for you. I don't need all that stuff. Um okay. Now, let's go to the monthly chart. So, you see the 200 period moving average. Four times it hits it. It didn't even touch it for a year or so, and then it hits it four times, and whoosh, it takes off. So, that becomes uh I just for now I'm making it blue because I don't want I don't want to keep changing. So, this is an A right here, A. This should be gray A, gray B. And then, look, this the the MACD turns up, the retracements turns up. This is the weekly chart. Stochastic goes from the single digits to the to the teens, and then it goes to the 20s, and here it is at the 20-something uh right there. It starts to break up. On balance volume turns up. MACD crosses positive. So, I go from a buy signal to a buy mode right there as it takes out B and starts the leg C. Remember, it's a floating letter until it makes a peak. So, that becomes C. And here it becomes D. Right. And what do I have almost an instant restart because within three bars, actually two bars, it goes to an E. So, my mind is saying E {slash} A. Yeah, remember, that's what we do. Once you take out a peak D with an instant restart, you think, "Ah, could be an instant restart meaning an alternate count." So, it doesn't have to, but you just keep it in mind. Then then you go back alphabetically, E F, and you think F {slash} B right there, and G {slash} C, and very often G {slash} C does go to a D. So, I put in G {slash} C, and I wait to see. Look, the technicals are still good. Stochastics aren't to decide what happens. It pulls back really sharply. So, now I know that is a G. All right? And now we have to start fresh. So, I got that there, and now I've got a down arrow. So, this is starting fresh. Arm Holdings. So, now we look at this fresh. Now, the sideways action says to me it's not ready for prime time. See this right here? It might have to have another AB another AB restart. So, I the question was could I look at it and I'm just saying I don't see anything yet. I would get not excited, but I'd get much more impressed if it goes to 302 uh hits 302, preferably closes at 302 or higher. But right now I'm just saying stalling motion, right? Uh big big move down. The 9 period moving average in the weekly is still green and that's a big positive. So, you've got a It it's a work in progress. Now, let's go on to now so that was the one question. Uh brick go go go go. Um Looking for an entry. Let's hold off. Okay, let's look at it again next week, but I wouldn't say anything. Oh, look at that chart. Oh, that Oh, I was just going to say oh, someone has the same expansion in the S&P as I do 161.8. But in fact that was my choice. Someone took a picture. Oh, is is that how I take a picture? Okay, thank you, John. All right, let's keep going. We want to look at uh so is this for me? FuelCell FCEL. Yeah, I will be watching this it has such big moves. It's very difficult. I think options are probably the best way to play it, but look at this. FuelCell um just sideways action. Even this looks fantastic. Well, it looked fantastic then and it popped up to that gray B. I didn't change the color. It should be a gray B. Look at the Eiffel Tower pattern. Straight up, straight down. I'll put in Eiffel Tower looks like an uppercase A and it came down from the 37.88 level. I mean, the consolidations are unbelievable. It comes down to 15 37.88. I mean, these if you you're going to long term you got to be thinking. Look at the weekly term longer term. Look at the weekly chart. Peaked from the 37.88 level. Is that correct? Is that Yep. And then what happens? The nine has been very strong and it's been holding the 14 and it's been stalling at the the green nine period moving average. So, it's a work in progress as a fuel cell energy science manufactures operates service and services and converts fuel to electric electric chemical process. That's what I I've got written down. So, yeah, and the monthly chart is improving, but it's very difficult to trade. But, the nine period moving average just flipped a positive for the first time since about a month ago and that's a good sign. Daisy out. All right. Okay, let's go on to um Let's go on to rare earths running uh yes, USAR USAR Yeah, now you see this is a buy signal to buy mode in the daily chart. I spoke about this about a week ago. I said it's starting to improve a lot. USAR is USA rare earth ink. Look at this. It's trading at 20.23 up a dollar 62 up almost 9%. That's not an A, but very often in my work I'll say, "Hey, keep this in mind." That could have been a sham way phantom peak. And I just keep it in mind, but I don't have to now because this is a very strong A. That's a strong B. It wasn't looking like that yesterday when the 200 period moving average for five sessions stalled and today it's broken out above it. Look at the MACD. Look at the stochastic [music] at 85% and look how it hit for the second time a takeoff Oh, third time a takeoff level from the 200 period exponential moving average in the weekly chart. So, this is a positive. It needs much more to get the weekly [music] positive, but this is a nice sign that it could try for the 20 150 to 20 180 high that was made [music] just back in July. I'll be back in a moment. Basil Chapman Dow's down 32. S&P is now down four. >> If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push Forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called [music] Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kexxted's [music] The Tiger Forex Report off the riffraff. Every Monday, former Chicago Mercantile Exchange member and author [music] Teddy Kexxted releases his Tiger Forex Report newsletter where he dives into the complex world of Forex and takes time to actually teach [music] you his methods that have made him so successful in the fast-paced and rewarding world of Forex trading. Furthermore, all subscribers receive access to archived live streams of Teddy's where he provides university-level education to help you in Forex trading. All first-time subscribers [music] receive a 30-day money-back guarantee. So, what are you waiting for? Forex awaits. >> [music] >> Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it oftentimes misses many opportunities that [music] possess huge gain potential. But how is an independent trader supposed to scan the entire market [music] looking for these hidden opportunities? One simple answer, the Opening Call newsletter. Basil Chapman, [music] developer of the Chapman Wave Trading methodology, has been trading the markets for longer than most trading influencers [music] have been alive. And over that time, he has honed his methodology in order to [music] accurately call movements in a wide range of equities, from semiconductors to uranium >> [music] >> to key indices and so much more. Basil is old school, taking the time to educate the trader [music] while also giving his insights into key indices, selective stocks, and more. Opening Call subscribers [music] also receive access to dozens of educational live streams that can be accessed at any time for your edification. All first-time subscribers receive a 30-day money-back guarantee. So, ignore the pop trading influencers and start learning time-tested technical analysis. >> Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right. But, you're not most people, are you? At TFN, [music] you'll get the guidance you need to refine your strategies and techniques to invest like a pro because you'll be a pro. All TFN subscriptions, books, software, and courses are available at tfnn.com. [music] And I'm even going to tell you how to get them for less. Use TFN's Tiger Dollars and you'll get up [music] to a 20% bonus on your purchase. And once you apply them to your account, Tiger Dollars are automatically used for all future or recurring charges. Tiger Dollars also never expire, are [music] fully transferable, and are a great way to add savings to your newsletters or services. Become the investor [music] you were born to be at tfnn.com. TFN, educating [music] investors. >> This portion of the Tiger Technicians Hour is brought to you by Directions Daily Leveraged and Inverse ETFs. Whether you're a bull or a bear, you choose the direction. Visit direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the prospectus available at direction.com. Read carefully. ALPS Distributors, Inc. >> [music] >> All right, so this is really very important. We're going to post >> [music] >> a couple of questions came in that I think are quite They're important in terms of where I go next because I had a whole thing planned for today, but you know there've been so many questions that I think I need to get get to them right away. So, first of all, let me just go here. So, as I say, FuelCell's doing very nicely, but it's all within a trading band. I want to just do this. Look at this. Here's the Just I was busy and I didn't have a chance to do this. What a pity. You went to a peak D in the 1-minute chart above the 200-period moving average. And look what happened. It flipped negative and the two technical indicators went under the 200-period moving average and you went from the 78.26 level to where we are now at 78.12 and they're still negative and the 2-minute chart. And you had that peak E in the 10-minute chart right there at about just before 9:00 and it just keeps coming down. So, this is a very important moment. That's what I'm saying. That's why I wanted to do certain technical things today, but at the same time I want to cover whatever what everyone wants. So, remember this is the starting point. This is RIG, Transocean Ltd. Question about whether it's able to really go much higher from here. So, this is this is the starting point. Remember, >> [clears throat] >> this is your core low. So, that's peak A, gray A, gray B, gray C. Even there I said I don't know if I can go to a deep because it looks like the 200-period moving average is a real problem. It keeps coming down. What it did, it went to a lower low, but it not didn't take it as the starting point of 480 that was made on the 1st of July. And then, remember, a rectangle for I forgot to put this in. I'll put it in right now. A rectangle formation is very important because if it has an arch within it, the dreaded H, but it's successful, then all of a sudden that pattern that became quite negative becomes quite positive. Look at this. You've got your rectangle formation. You've got your arch formation, channel wave, H pattern, right graded H. But there was no graded H. In fact, what happened is it held the seven the 480 low, right there which is 4 I think 90. And what happened is it the 9-period moving average then took off, green, and here it is. So remember this is your starting point. Every every peak gets counted. So that's an A, that's a B, that's a gray A right there because it I always call it an A underneath the previous high. That's another A. Uh that's another A. That's another and that's a B. And then all of a sudden you've got overlapping wave. It takes out that C and that goes to D. This is not B to C because you've already got a C. You have to go to the highest letter. So that becomes a D and now we're in leg E within three bars. So this could even be an instant restart. So this is the first time that I can say, you know what? This breakout in rig is something that you've got to take seriously. Why? Because all of a sudden the rectangle to the arch formation becomes the potential for a huge cup formation. Look at that. And now I can do this. I can go in right here on the left. I can say I like to go to I call it the the um right to the to the drop over there. Okay. And I go left side, right side. Now it's already done. So I can't say that this is the low or that is the low. I have to do it almost Now I have to do it visually. So that means now I'm using this no more technical analysis in terms of the number of bars on the left equal the number of bars on the right. So what I have to do is I have to say that's a potential right there. I always like to pick a particular candle. I'm picking this candle right here and I'm saying "If I use that, can I use the Chevron inside wedge target repellent line to give you some sense of All right, there. Do you see how that hits exactly? But I it needs to go higher. It needs to go to the uh 620 level. So, I'm saying, "Well, all right, let's do this." >> [clears throat] >> And the candle that I wanted to use was this candle here. All right? So, let me move that over right there. And I now go click. Now, this is not a purely scientific thing. I haven't got the exact number of bars on the left and the exact number of bars on the right. I've had to use some artistic license. Well, it's not artistic because in my work, there's always um a technical aspect to it that you have to follow. Otherwise, you haven't got a rule. If you don't have rules, you don't have a system. So, here we are. We've got that dash line. So, the dash line says that by um round about the 20th of August, you could be hitting the 620 level. We're at 590 6 right now. So, it doesn't sound like much, but think of it as 59 going to uh what did I say? 59 going to 61. Okay, it's two points. That's that's a big deal. Okay. So, that's the way I'm looking at it. So, this is for the first time, the daily chart is in a buy mode and a confirmation that it is very strong. The weekly chart needs a lot of work to get the 9-period moving average strong, MACD strong. It's weak right now. Stochastics at 19%. So, the the daily is the one that has to lead you off. Let me tell you the key support now is the low today is 576. I'm getting to 560. 560 will be key support. Hope that helped you. Next question came in and um T did that, did that, did that. Okay. >> [clears throat] >> So, that means I should go to the So, Intel question. I looked at this earlier this morning. Um it's kind of stalling. Look at that weekly chart. That just tells you there's a lot Yeah, 9 p moving averages is still positive. And we got a monthly chart. Yeah, it's a big C. Um but I'm just looking at the daily and the daily is having difficulty getting real power. It's a nice move from 8179 the low that was made beginning of August to where we are now at 104. I mean, you can't deny that 20 points is So, what? 20% of that? But what I am looking at is within [clears throat] the context of this left side peak that it hasn't broken yet. This is again the same pattern that we were talking about. Sideways pattern, rectangle formation. I can make it a narrower one because it shows So, I'm just saying Intel, I'm not impressed. I I like what's going on, but so far I'm not saying, "Hey, this is going to scream all the way back to the the high that was made 142.35 on June the 30th. And [clears throat] the very next day it opens at 135 and it kapoops. It goes from 142.35 to 81. I would say 60-point decline is pretty serious. All right. Okay. Next question came in. >> [clears throat] >> So, did I did that did that Uh yesterday I had a question I couldn't get to it. Uh PG Um actually, I looked at it during the break and then I completely forgot about it. The reason is it's just negative. It's not looking good. So, if the I think the question was where could I answer? And I'm just saying it's not in the favorite area right now. This is Procter & Gamble. Just Uh >> [clears throat] >> it keeps failing. It keeps making lower lows and lower highs. So, I'm just going to say to you it's in a rectangle formation right now. It's at 143. If it holds 142 and then turns around, I'll say, "You know what? Now you can have a bounce." It's a bounce, but it's stuck. I think it's just I'm going to look at the 200-period moving average in the weekly chart. Every single time we went above it, it created a long-legged wick, and closed lower down. No. Right now, I don't see anything. I'll be back. Dow's down 92, S&P's down five. I'll be right back. >> [music] >> Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for [music] some, it oftentimes misses many opportunities that possess huge gain potential. But, how is an independent trader supposed to scan the entire market [music] looking for these hidden opportunities? One simple answer, the Opening [music] Call Newsletter. Basil Chapman, developer of the Chapman Wave Trading Methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology [music] in order to accurately call movements in a wide range of equities, from semiconductors to uranium [music] to key indices and so much more. Basil is old school, taking the time to educate [music] the trader, while also giving his insights into key indices, selective stocks, and more. Opening [music] Call subscribers also receive access to dozens of educational livestreams that can be accessed at any time for your edification. All first-time subscribers receive a 30-day money-back guarantee. So, ignore the pop trading influencers and start learning time-tested technical analysis. >> Steve Rhodes started his trading career as a student almost [music] 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018, [music] and barely missed that mark again in 2019, finishing at number two for the year. An amazing [music] accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge [music] every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, [music] Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At tfnn.com, all our newsletters come with a 30-day money-back guarantee, so you have [music] absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free [music] today. TFNN, educating investors. >> For [music] traders who crave risk, Direxion's daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage. Utilize bull and bear funds for both sides of the trade and trade through rapidly changing markets. These are highly leveraged ETFs with daily resetting designed for short-term [music] trading, not long-term investing. Whether you're a bull or a bear, you choose the direction. For up-to-date pricing and performance, go to direxion.com. Investing in funds involves significant risk and should only be utilized by investors who understand the impact of leverage [music] and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the prospectus available at direxion.com. [music] Read carefully. ALPS Distributors, Inc. >> This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. >> Yeah, so I thank you for that. I I know you got a number of questions there, but I'm going to deal with this [music] I think it's very important. Heating oil is up 0.09. That's a 4.25. So, what's really important about this is that the week Let me just open this up. You'll see that the weekly chart and this beautiful left side, right side price time match. I drew this in ages ago that it went from that left side back in April, the high that was made, and it went sideways, and I chose a particular candle which turned out to be perfect to go to the right side. It missed it by just a fraction, but look at that peak F right there. And now it's pulled back. This is a question. Is this a G or meaning Oh, I'll be careful. You got a double top. Or is this a brand new A? I Everything right now is leaning towards a new A peak A in the heating oil because the weekly chart, yes, it's gone sideways, and I have to consider that it's got a left side, right side price time match. Let me just draw it in there because it's technical Friday. Look at that. Left side to a particular candle, right that candle right there. Now, I'm going to go to the right side and see if that works. Click. Click. Like that. Uh that make that green, this one becomes red. Right there. Yeah, look at that. So, we've we've we've matched all everything that we needed to see. So, I'm saying this is an interesting situation. I didn't see this before, and I did see it earlier and then I completely forgot about it. Thank you for reminding me. Look, gentlemen, we've inside Look at that. Inside tr- inside wedge. Yeah, goes right to it. Inside wedge goes right to it. So, this is I'm more likely to think of this as a leg F. Could even be an instant restart. It Heating oil from what I'm looking at right now is very positive. Just at the moment, it could be double topping, but I'm I'm thinking this is a good action. Thank you for pointing that out. Next question came in as I put S H O. Putting all these down. Yeah, AEM uh AEM AEM AEM Yeah, look at this Agnico Eagle Mines, second largest gold producer. So, we have our gold and silver stocks, but I love this action. And we we missed it by pennies earlier on and it just kept running up, but we did manage on this pullback that we waited for to get in yesterday almost near the low. And look, here it is. I'm waiting for this leg D and then we're going to see what happens because if these two moving averages, the 9 and 14 cross the 200 period moving average, I'd say for maybe two or three times, wow, that's really exciting. And this leg A in the weekly chart, these are a lot. Look at the MACD today is zero. It's It's just about the day's young. It's Friday. I don't know if it's going to cross positive, but look at the relative strength. Look at the AEM is the symbol. Up 186.44, up 6.08. Look at the stochastic. Finally getting off. Look at that. It was flat. There was nothing there. And now it's at 31%. So, this is a work in progress. The monthly chart, horrible horrible. 255.24, all-time high back in March and it just plummets. That's what I mean about these sell-offs. They are so vicious sometimes. Some of them hold, but wow, we've had a lot that have given back. You know what I mean? Alcoa's a good example of that. All right, next question came in. Could I look at um uh ITT TEE. I've got that down in my list for my subscribers just as something to monitor. This is TTI Energy. Yeah, I don't see anything. It's just kind of stuck. It's at $6.31. It did have have a beautiful move to a peak B and then it fell back to the 200 period moving average. Now, this is one you just have to wait. I do see improvements, but I want price improvements. So, if it can go just Is it 5:32? I'd need actually a dollar higher before I'm going to say, "Hey, now it's improving because it's just stuck." All right, NAT is Nordic American Tankers, NAT. Uh yes, you see that broke to a new high. Oh, look at that. >> [clears throat] >> This is a leg E. Within three bars, actually within two bars, and it went to a lower low. Now it's Oh, this is very exciting. So, this is E right there. Okay, and this is either a continuation You see, this is the starting point, A B C D E. Now, if you don't take out that, you can consider this a continuation pattern. So, I'm going to put in F {slash} A. F says, "Ooh, be careful." A says, "Are you kidding? Every single pullback you want to buy." But I need to see the MACD cross positive, the relative strength is improving, stochastic is not bad at 55. On balance volume is okay. The weekly charts are very strong, and that's the reason why I like this. And look at the monthly chart, I drew it all in, did the mapping and everything, and look what happened. Didn't open. Now, look what happened. Um 6.38 was our target. And then the higher one is a different midpoint, and that's $9. So, this I think is honest way to $9, but as I I've said before, I don't know what's going to happen with these shippers because Well, are they actually Are they shipping? Are they getting stuck? Maybe they're getting stuck just in one place. Everything else is working. This one says things are working. Nordic American Tankers, I do want to do just real quickly SE was a question yesterday over that was uh Sea Limited. No, I I This is online shopping. Sorry. Look at you, say I say it looks like it did the way it's pulling back. So, that was that. Uh CRWV CRWV Coreweave, is it done? Well, no. I don't think it's done at all. Coreweave Inc. AI infrastructure processing capacity is just chopping around. It's in a in a very wide and choppy area that 118 area. It really is resistance, but the daily says after that gap up and today just went into the gap itself. The MACD shows stochastic at 85%. No. How do you play it? Well, first of all, I don't think it's done. Secondly, I don't meaning that it's going to go back to the 60.55 level that was the low that was back in the beginning of August end of July. No. I think that this is in play. There's a a confirmation right there. I I don't care about gaps. I use them when I need to, but I don't it's not like I say, "Oh my god, a gap." I just say, "Look at it." I say, "Okay, gap." But, I use inside wedge target resistance line. And that just says when you went above it, yeah, it says it could get to 120 within the next week. All right? So, that would be my target. Now, yeah, 120 is not the high that was made right here. That was 122.00 round number. Unbelievable how these round numbers work to either give buys or sells. Okay? We're from 122 down to 60. I would say that's just about a 50% decline. Um yeah. I I like what's going on technically and that's the this is the way I'd be looking at it. I'm just going to draw this in. I don't have that 22 as a target. I I would I'd rather say 120 and it's trading at 106. That's really a lot. Um that will fail. I'll be wrong if in fact it actually goes a little longer. If in fact it it takes out a 101 to 100 support. Takes it out I have to consider that it's going to be washing out. I still don't think it's done. But yeah, I just to answer your question, I think it's in play but um it needs to very quickly to get to leg C uh above 117.49. Next question on ONDS. Gosh, I didn't even look at this particular one already and and >> [music] >> Gosh, I was looking at Yeah, so ONDS has gone A B C and remember this is your starting point right here. Um but it has a way of fading at a steep. [music] It's done before A B C comes down. Then it goes to the D and then it could go to the full this A B Oh, there are Okay, I'll do that in a moment when we get back. It's up 35 at 9.27. >> 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 TCNN, you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either. TCNN airs live financial content streamed live on tfnn.com and TCNN's YouTube channel [music] with Tiger TV live every market day from 8:30 a.m. to 4:00 p.m. Eastern. [music] For free. Each host is an experienced trader and gives their take on the market while taking calls [music] and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV [music] has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TCNN's [music] YouTube channel and become the investor you were born to be. TCNN, educating investors. >> In the world of trading, only a few names stand out like Larry Pesavento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Mercantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24/7, Larry Pesavento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, [music] and videos that illuminate the patterns shaping the markets. With updates throughout the week, exclusively for subscribers. Whether through charts or videos, Larry's analysis is your road map to navigating the markets. You can sign up now at tfnn.com for just $97. And with all tfnn newsletters backed by a 30-day money-back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci [music] 24/7 right under the newsletters tab. >> Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing. Whether you're starting out or scaling up, tfnn [music] empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. [music] It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At tfnn, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at tfnn, we're so confident in the value we provide [music] that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? Tune in live to Tiger TV and transform your trading journey. Because when you know better, you invest better. Join us and experience the difference today. tfnn, educating investors. >> Don't forget, you can listen to TFN live on your mobile device 24 hours per day. Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV. >> So how long has this been going on? Anchor O N D S is a symbol at 939 and 39 cents. Look at that, the high that was made [music] right there on the 15th of June. Uh at 997, it took X number of bars to come down to that doji candle low of 6.22 on the 17th of July and look what happened. It went right to that level at 999. In fact, it took it out a couple of bars early. I didn't even [clears throat] have a chance to do the inside track inside wedge, that is. Right there. Inside wedge target repellent line would have been there, but it did it over there. Okay, and look at that. So this is actually very well, but I don't think it's breaking out just yet. It needs more. It needs to I like all the technicals, but I would like to see it at 10.20 10.35 and closing above that level to a leg D and then hold there. That'll be very So nothing wrong in terms of the daily the weekly chart needs a lot of work. Hope that helps you. L E A S uh L A L A E A L A S is backwards L A E S is. Man, I had it all I told everything there that I could do, but I lost all that information. Yeah, the day is improving. The weekly needs a lot of work. It's A B. Yeah, it's a 299. To be able to get to the 200 period of 329, you need to see it tag 318 and it needs to do it fairly soon. So a little bit of a pullback today. Gold is doing fabulous. Yes, so that's why we added to the gold position, but at the same time there is some digestive phase, but there is definitely signs that this rotation is just keep swinging between different sectors. So, if you're in the right sector, you're doing great or you're not worried about the pullbacks, you're wanting the pullbacks for for some a new entry, but at the same time, you've got to be very diligent. I in my webinar, my sorry, my video course subscribers, my overview video talks [music] I'll be discussing a lot of this. It's almost like a webinar, but it's for subscribers. So, you can join go to the front page of TFM and check it out. And I will see you Friday. I'll see you on Monday. Have a wonderful weekend, everyone. [music] And let's see. I think I've got all my questions. Oh, I didn't [music] do NRG. All right, maybe on Monday we'll do it.