September 11th The Tiger Technicians Hour on TFNN - 2026
Watch on YouTubeVideo summary
On September 11th, host Basel Chapman opens the Tiger Technicians Hour by reflecting on the historical weight of the date before diving into a comprehensive market analysis that highlights crude oil as a primary indicator of strength. Despite technical pullbacks, oil has established a new recovery high, challenging narratives about an administration running out of ideas, while heating oil reaches multi-year highs and natural gas bounces off key support near its 200-period moving average. The energy sector's robust performance contrasts with mixed signals in other areas, particularly as the host reviews the transportation and airline sectors where the US Global Jets ETF recently hit an all-time high but is now testing support levels after a pullback.
The analysis extends to precious metals and equities, revealing a divergence between gold and its mining counterparts; while gold trades under its 200-period moving average displaying weak technical indicators like MACD and Stochastics alongside a dreaded "H" pattern on the daily chart, gold miners such as GDX are performing better. Silver also exhibits signs of this corrective pattern but manages to hold key support levels, whereas Bitcoin holds its ground after a pullback with an anticipated breakout toward $84,000 next week, and Ethereum shows even stronger momentum by breaking out to a new leg on its weekly chart. In the broader equity landscape, the Dow Jones rallies yet faces resistance near previous highs, while copper fails to make a new high and forms a rectangle pattern with a sell signal, prompting caution as yields rise toward 4% and push treasury bonds like TLT into a corrective "H" or potential "M" pattern signaling weakness.
Chapman warns of potential volatility leading up to the upcoming election, advising investors to exercise caution when adding new positions to gold despite maintaining core long-term holdings, especially given the risk that a sharp drop in the Dow below 50,000 would reset wave counts. The financial sector is monitored closely as rising yields typically benefit banks, and specific stocks like Apple are noted for bouncing from an inside track repellent zone while Microsoft maintains its position following a significant rebound. With long positions generally limited to quick trades targeting modest gains of around 4% against potential losses of 1-2%, the host adopts a cautious stance on short positions as varied patterns across different stocks suggest a need for careful risk management rather than aggressive expansion.
The segment concludes with well-wishes for the Jewish New Year and prayers for those affected by losses related to September 11th, alongside a brief reference to a school seen previously in earlier discussions. Throughout the broadcast, standard promotions are made for various TFN newsletters including Rocket Equities, Fibonacci 247, Opening Call, Tiger Forex Report, and Mastering Probability, while sponsor messages highlight Directions Daily ETFs and Vista Gold. Ultimately, the hour provides a balanced view of a market that shows resilience in energy and select cryptocurrencies but faces headwinds in bonds and certain commodities, urging viewers to navigate the current landscape with strategic discipline and awareness of upcoming political events.
Read the full video transcript
The following is a presentation of TFN
the Tiger Technician Hour with your host
Basel Chapman. Call now toll-free at
1877-927-6648.
Now, Basel Captain.
>> Good morning, everyone. Basel Captain
here on this Friday, Friday the 11th of
September. And of course, we're all uh
just going hawking back to the day that
that Wow, what a day it was, the 11th of
September. Um and uh all you can say is
can you imagine those people uh flames
they have no idea it's just getting
hotter and hotter break windows try to
try to get out holding the outside of
the window just hoping that somehow
other they can try to get back in when
it's cooled down and they let go and
it's all over. Uh but to me the most
incredible thing is imagine all of this
happening and you have people
brave enough to run in when everyone is
running out. Uh I mean the whole thing
is just
anyway we have to get back to the
market. Right now I see this as a an
oversold bounce needed a couple of
triggers. The only way it can be
sustained, I'm looking at the VIX right
now. It's down at $187 at 15.97
to 1917. I said that 200 period moving
average. You don't want to just tag it
and then pull back. You need to tag it,
hold, and the very next session. You
want to be even higher for the day, but
so far it's down from uh four points
from well, three and a half points from
that high of yesterday. Okay, let's get
to the market. And this is going to be
very important because now let me start
off. This is technical Friday. I'm all
over the show. In any case, I'm all over
the show. But right now, I'm and it's
all over the show in a very sequential
way. If you're following my thoughts,
look, crude oil pulls back, but it made
a new recovery high. Look at this weekly
chart. There is nothing negative yet
about this weekly chart. Although the
stochcastic is 66% should be up at about
78% or 80% and then I say hey there's
tremendous support but look at this and
not only that if you're looking at the
the action in uh the kamus you're really
looking at acceleration
hoodies are getting just everyone's
getting involved it's just broadening
out you've now got the um the states all
around it that are being involved. So I
don't see this crude oil as just a one
and done. I think that the strength of
crude oil right now and not only that
the um administration is kind of running
out of ideas you know every every couple
of days or every week or whatever
whenever the market drops very sharply
somehow or other there's there's uh an
economics statement that has the the
market having an oversold bounce. I
think that this is where we've got to be
a little bit more careful. To me, the
crude oil action is very important even
though there are other other things that
are going on that alleviate at least for
the moment uh the fact that crude oil is
up in the sky. Look, jets JS
this is the US global jets airline ETF.
It went from 34.06 06. I believe that
that was an all-time high.
Now, all time high was 34.75 back in
January of 2018. Oh, look at that. I
didn't even think of that. We did get a
left side, right side price time match
there. Okay, but look at this. That'll
be back in the rectangle. And we're
going to look at this cuz the same with
bonds. Bonds are back in the rectangle.
Look at this. So, what we're looking at
is um it popped out and it's pulled
back. If you look at the monthly chart,
the 914 is still very strong. The MACD
is still strong. The red strength has
pulled back quite a bit. Stochastics
under 80%, red strength, saw on balance
of volume has pulled back. So the weight
of evidence says, hey, this is still
looking quite good, but it has pulled
back and it's pulled back quite sharply
since early August. 34.06
down to the 27th. It's a 2811 right now.
I'm and it was a peak D in the weekly
chart and F/C in the monthly chart. So
that's something to to make note of. And
if you look at the transportation index
um also the monthly chart leg D goes to
a peak D still holding very well made
alltime high at 90.06 very next day the
high was 90.00 00 round number high on
the uh the day after the 16th of July
alltime high and boom it comes all the
way down where to the 200 period moving
average at 81.13
gives a bounce gives a chunk of it back.
I think that we're looking at something
that is going to there's just no way
that you can think that it's going to be
easy sailing going into the election. I
don't see how I mean we've got so many
conflicting things going on. Look at GE
went right to its 200 period exponential
moving average right there for two days.
It tested it and it tried to bounce
today and it's gone from 388.84 the
alltime high alltime high of early
August and it's gone down to 325. So
that's uh 60 points. So that's what is
about 18% pull back and uh monthly chart
weekly chart PC. That's good because it
should go to a D and the monthly chart
is G S C. I'm suspecting it is a C and
it should go to a D above 388.84.
But wow, I think we got choppiness
coming in now. That means let me go
through this uh a little bit more
different a little differently now. So I
always talk about this and I'll do this
for my subscribers to my opening call. I
always do a a video every Friday, hour,
hour hour and a half video going through
all these things in great detail,
different sectors that we are long, why
we should stay long. For instance, we
are still long gold even though I'm
watching very closely. I think that this
is just a bounce right now. But you
remember I spoke about this as an
internal high. For the first time, I've
seen an internal high and I haven't got
any internal lows yet. So that high that
was made at peak D right there on the
5th of August at 54,744.
Um I think that what we're looking at
look there's a time sequence here as
well. I don't know if this is going to
fail this rally today fail into into
next week. But what I can say is this
and of course there's an expression uh a
lot I mean I'll follow this expression
for years. It works sometimes it doesn't
work other times is sell on u Roshashana
that begins tonight that's the new year
Jewish new year I wish everyone well for
the the new year and then buy off the
Yum Kipo which is about a week 10 days
later so I don't know if that's going to
be the case right here but look at this
I I don't like to mess this chart up let
me just go to the uh take that out for a
minute I'll go to this right here and
I'll show you look at the Dow
ID EU.
Okay, there it is. Will I ever remember
that if I go from the yellow chart to my
white chart, I have to click on the
white chart. Okay, so this so far is a
very nice rally. It's holding pretty
well up 551. Um, it did not get down to
the target that I have of the 51,542
low that was made back in July. I do
have it. Did I extend that out?
Yeah, I couldn't. I still can't. There's
one more bar to go. So, I have it going
to not the not the uh what date? Not the
21st of September, but the 22nd to
Tuesday 22nd. That's where there's a
good chance that we test the 50th. By
then, we should have tested the 51,000
542 low. But the weekly chart is still
good. All right. So, I've gone kind of
around the around the different areas.
Let me just show you Bitcoin right now.
Bitcoin is trading up 1930. A nice
rally. Can it hold? The nines's good
over the 14. Um it's above the 200 per
moving average, but there's a cluster
formation that says it's a magnet. I'll
be back.
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Okay, I wrote back. So, I was talking
about Bitcoin. You see, Bitcoin has
pulled back. I said there was a chance
that it would make a strong formation. I
took that away. Once it took out that
low over there, I said that's it. It's a
pattern doesn't fit. It doesn't work. I
just haven't seen one in maybe a year or
so. They maybe they've been there. I
mean, out of the thousand thousands of
charts, but I haven't seen one. But it
did pull back and it went to a lower low
today. it went to 75 76,030.
Um, so, you know, I all I can say is
that within the context of other areas
that this market might want to go to and
we we are still long for subscribers in
Bitcoin from quite a bit lower down via
the IBIT. Um, I don't see it yet as
selling off because of that weekly chart
holding pretty well, but I don't see it
yet breaking out. And that breakout will
be next week. If it does that, it's
84,000. Bam. Just like that in a in a
split second. But at this point, it's
just it's holding support. And that's
really important. So, let me go to this
this IBIT. Let me show you something in
gold. Gold is now up
um 16 at 4423. I still say that it's
under the 200 period moving average. The
914 is negative. We are still longing
our gold stocks, etc. I was going to
take an add on today to one of ours and
I decided no, I'm just not sure it's
ready yet. Um, but look at this. We went
look the low that was made. This is a
dreaded age pattern, right? It's
technical Friday. What is the dreaded?
Let me just show you quickly. I always
look at three core um three core
patterns. One is straight up, straight
down.
Another is a cup formation or a V-shaped
pattern where you go from one level down
and then you come back up. I also use
that as bar symmetry. But right now,
let's just talk about this as a as a
cup. And the other is an arch or a
pyramid where you go from one level up
and you come back down again. You can
mix one and two and one and three. One
and three is where you make the dreaded
H. And that is where the price comes in
usually from a D peak DE or a little
higher and then it comes straight down
and then it bounces and it fails at
either a peak A or a B and it takes out
the left side low. So this is gold
continuous contract 4329.2
was the low on the 2nd of uh 2nd of
September
and today we've gone to 4333.0.
So far it's held that. So it's a a
successful H pattern. The MACD is weak.
The stochastics only at 25% onbalance
volume is weak. Red strength is weak.
914 is weak. It's under the 200 period
moving average. I think this is
something to respect. So we'll see what
and the weekly chart. This is not a good
looking weekly chart. I mean I'd love to
be even more bullish in gold. We've we
you know what can I say? Look at the
GDX. A little different pattern. Look at
the weekly chart of GDX. That level of
consolidation is way higher and the
price is higher. So the gold stocks, the
gold miners, the market vectors, gold
miners ETF is doing way better. But it
also has this H pattern. So far it's
held quite nicely. It's up 2.03 at
98.06.
I think that it's just part of the
digest. The best case right now, unless
we go very quickly by Wednesday of next
week, we're at 102.75.
The best case is that it goes sideways,
makes an arch with a second arch. That's
the M pattern. What's the M pattern?
Remember the Dow made the M pattern.
INDU. Look at this. There's the H to the
M pattern. So, what do I look at? I look
at the same thing. And not often, but
often enough, it can go to an H. And
then it just continues and it tries to
rally. And unless it breaks above the
arch high, which is usually at a peak,
and it does it for two out of three
sessions, consecutive sessions, it's
just going to come back into that. And
then, of course, if it takes out the
left side low, it can do a one to one
from the downside, just as we saw here.
So, I'm just looking at this and I say,
"Okay, show me what you've got." I still
think that as a sector counter trend
that the gold area is still viable.
There's there's nothing wrong with it in
a sense, but it's the action of the
difference between gold itself and the
gold miners. So that's the GDX. Um let
me show you silver. Silver is up 53
cents today, but that even took out that
left side low from a peak A to a peak B.
So there's your dreaded H pattern. It
went under it. It has two bars in which
to close above the left side low of uh
the 2nd of September. That's 63.88
and today is 65.48. So that's a good
sign. All right. And this says that if
there's a rally, there's a good chance
that it'll stall below the peak B and
that's that high of uh should I do it
with SIL? Let me just go to SIL because
more people uh go to the ETFs than in
the contract itself. So this didn't even
make a PB. It went to a a pull back. Oh,
it had a 96 round number. It went to
104.49. This a global X silver miners
ETF SIL trading up 91 98.11. And look
what happened. It went to peak A and
it's ash over and has held. So far it's
held that left side low. But the weekly
chart is the one that I'm impressed with
and it's holding steady. I'm just going
to put a little rectangle around to say
that could be the trading band for a
little just a little longer. Okay. But
if anytime by Wednesday of next week it
takes out this low the on a closing
basis the low of 9361 on the 1 of
September that's negative. However, if
it closes above this high of the 3rd of
September of 102.15,
I say I now I'm pushing it a little bit
because
it's not that far away. If it goes and
closes over 102
15 for two out of three sessions, that
means not only is it the H pattern, but
now you can consider and I usually draw
these two patterns in to say, hey, I'm I
want to show you that there's two sides
to a coin, especially in the market. One
is that bullish and one is bearish and
this become very bullish. A breakdown
would be bearish and right now it's just
in the middle. So there's nothing to do
just to watch it and say, "Hey, I don't
know if I should add to it or anything."
Let's look at AEM because that's the
question that I had. Look, AM there's
this is exactly what we're looking at
both in silver and in the GDX. Look A to
peak B pulls back holds the 19330 low of
the around about the 1st of September
and it's rallying but this is not great.
But here the 9 moving average is
positive. All the other technical
indicators are negative. And if you look
at the weekly chart, this is not a great
looking candle right as we speak. Today
is young. So, we've got we're not even
an hour into the first part of the the
the last day of the week. So, I'm just
saying this says to me there's more work
to be done. All right. Look what
happened. We didn't close above this
high right here. The close of the 17 the
high of 17th of April which went to two
224
35. We haven't closed above there for a
long time since April. All right, so
that's that. Next thing I wanted to do
was to show you two two things. Yeah,
let me just quickly show you the crud.
Look, crudel pulling back three now. Now
it's down only 2.83, but it made a new
high. I did the left side, right side
price time match here. It It took it out
over there. It has until
the week of the 25th to take out
uh
oh it's already done that this high
right here the high of the 10 the week
of the 10th of April which is 107
65 this is a continuous contract so the
price will change but that high the high
of the week of the 10th of April and
then the alltime high was that high
spike on the week of the 13th of March
at 10 or 108 8
20. All right. So, I don't see this as
being very negative right now. Um, we'll
be back in a moment. Tra
94 SD. Everything's holding very well.
Understood. We know those. I'll be back
in a moment.
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Let me just show a couple of things. So,
look, uh, we've got
things. So, let me just finish this up
with a crude oil. So, crude oil hasn't
even taken out yesterday's low. They
made a new uh recovery high. All the
technicals are just so strong except the
onbalance one says it's a little
overbought, so expects a little bit of a
dip. The weekly chart technicals have
improved. They're not strong enough, but
the 914 is very strong. And the monthly
chart, everything there is very strong.
So, I don't see any reason why crude oil
should you you'd be looking at crude oil
going back to 92 unless something
happens that is so um relevant to market
participation all the way around. But
have a look at this. You've got heating
oil. I mean, talk about inflation coming
along. Heating oil. I can't even imagine
what our um our bills are going to be
this year for the winter. I hope it's a
very mild winter because wow, look at
this. Heating oil is at a
a multi-year high.
It's trading at $5.7.
This is the continuous contract.
Look at that. Um,
and that's a that's the monthly chart.
Weekly chart is only in leg C. It should
still it should still go to a D. Uh, it
is a leg E so far in the uh daily chart.
Hey, have a look at this. Natural gas
did have a beautiful rally, one of its
first decent rallies in months. It had a
rally from uh around about in August,
was it? Uh yeah, August, the week of the
7th. had a little bit of rally. It's
gone to a leg a peak a by the end of the
day it will be a peak a monthly chart is
just a sideways move but look what it
did it took off and if this support can
hold oh oh it's also oh okay so look at
this
right there wave inside is held it's
bounced off it let's see what happens so
if you get the whole energy area uh that
is important energy in terms of um the
general public and natural gas starts to
move up. Um that's going to be
something. So far, it's just a bounce.
But the 9 p.m. moving average did not go
negative in that big that sharp pullback
and it got repelled to the 200 period
moving average. The next time a natural
gas gets even close to 2.95, 2.96, it
says, "Hey, this time I'm going for the
200 period moving average of 3.04." So,
I'm watching that closely. All right,
let's get back to our story because we
want to look at the TLT. So the TLT did
take out the left side low monthly chart
gone to a leg D a dreaded H goes to a
lowerase H lowerase M then it goes to
another big arch formation and what
happens it takes it out and this is now
the second month after the low and the
low that I'm talking about is this is
the this is the TLT the low of the week
of the no of July of 2026
of 81.89 at 89.
Um, it's at 8127
right now. Last month it did close above
it. This month it's down below it. This
is not a good sign. Look at the TBT. It
did go to this leg E. Now I could draw a
quick
uh cham inside track repellent zone. Uh
do this and says okay what happens if it
goes above that? What happens if it goes
up is very positive. Right now, I'm just
putting this in and saying, "All right,
it's right there. It hasn't on a weekly
closing basis. It hasn't gone into that
inside track
uh repellent zone." So, be watching it.
But I have no way to count this other
than a leg B, probably a peak B today in
the daily chart of the TBT, the ultra
short limit 20 Treasury bond ETF,
meaning yields at 39.10 should go into
the 40 area. That's 4% area. Ah, that's
the way it looks right now. All right.
So, with that said, the next thing I
want to look at question came in about
could I look at uh so let me go back to
the
uh the Bitcoin. Bitcoin right now
trading up 1578 come back from a little
bit from the high of the day 79965 and
ETH. So, uh, Ethereum, I said, doesn't
have the same chart pattern as the as
the, uh, Bitcoin, but it often has a
sudden projections that change the
pattern completely. Well, it does. Look,
it had the shway falling ax formation,
and it's just broken out today. It's at
24.89. It's up a $140. It's up 5.96%.
I bet it's not up that amount. Oh, well,
I bet is a different price. This is at
24 and that IBIT is at 44. Uh we are
still long. Um it's up 2%. Oh well, if
you if you look at it. Yeah. Okay. And
it has this diamond pad line. And I
don't talk too much about diamond
patterns. Let's let's forget that for
the moment. So ET uh
Whoops, that was a mistake. I want to go
there. All right. Here we go. So what
we're looking at here is
that the ETH
is doing much better. It's gone to a leg
C in the weekly chart. Monthly chart
looks you can't make anything out of it.
It's the Eiffel Tower uppercase A held
the left side low and now it's bouncing.
That's a good sign. So this today is
looking very good. Does it hold? It
looks to me like it wants to hold into
next week. So this is good. So the
question was what about ETH? ETH is
looking very good right now. And there
was another one with it. BMNR.
BM a lot of people look at this BMR BMNR
now that's a different say they all have
different patterns this one has just
squeaked it squeaked or has it just
missed so there's the cup formation it
went to peak D right there on the So
this is uh BMNR
oh man I should have written that in I
can barely see immersion technology
technology ology technologies. All
right. It has to do with the the Bitcoin
buy that was made on the
This is July.
So, this is August, I'm sorry, August
the 27th at 256
26.91.
Today was taken out by here. 26.97.
So, I'm calling this an E. There's a
chance that it could be an alternate
count. Each P. I'm just putting it in as
an E right now. And it's a C in the so
this one's look it's already above the
200 period moving average trading at
26.11 up at $1.91. Good eye. Yeah. So
this is doing very nicely. That that
just suggests to me that the IBIT will
hold and it might start running again.
All right. Next question came in. Let me
get to it. Okay. Friday. Friday. Friday.
Yeah. So I don't know if you missed it,
but yesterday we were looking at DRRAM
and I said DRRAM is made of PXC. is
holding quite well. Roundhill memory
ETF, memory and storage stocks and
includes uh Micron, Samsung, but the
weekly chart says, you know, it's just
kind of stalling. I would hold off, I
said, and I'm still going to say I would
hold off. I don't know any. It's in a
sideways pattern. It's just in a trading
band between just over 62 and just under
50 uh 56. So that's all I can think
right away. Oh, okay. I'm checking out
the questions. I'll be there. When a
weekly chart is in PC or low account,
how do you determine when need to place
a short or wait to buy a dip on chart
showing signs of a pull back on a daily
chart? All right, I'll be back with that
question because it's technical Friday.
Dallas is now only up 37.
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Hi, so we're back. So, I had a question.
Do you still like the action of Nordic
American tankers? This is fantastic.
Look, I I mentioned this a few days ago.
I said, you know, it's made this PC. I I
believe that's the count the correct
count that the law was made round about
August the 10th and that if that's a PC
it should go to a D. How it holds after
that is going to be important. How crude
oil um either holds or continues high is
going to be very important. Well, today
it did that leg D there it is high of
7.49. Leg F in the weekly chart but
there's an instant restart with all the
technicals looking good. the stochcastic
is flat at 88%. So all I can say looking
at the chart, not listening to anyone,
not not doing anything other than
looking at the chart, um this is
suggesting that whatever is going on,
that conflict has not yet been even
close to resolved and that the high of
um
March of 2020 at $5
uh $5. Wait a minute. Can you say of $9?
Sorry. Of $9. The the the the cursor
slipped to the to the right. Um is it
should be hit. It should be hit in the
next uh month or so. Uh that's the way
it's looking right now. if that's the
case that I just don't see how crude oil
and now um you've got just so many
elements in the whole uh straight it
just seems to me that this is an issue
and then someone mentioned who was it
mentioned something about Canada the
other day it's the same thing there's
there's a little canal there's something
that goes to between the United States
and Canada and it's on the Canadian side
uhoo
This could get a little ugly, right?
Okay. So, with that said, I've done
that. So, the other question came in
about a weekly chart. So, if a weekly
chart, now there's something that I have
to say about in the chap wave
methodology. Look,
this is a PC in the weekly chart. If for
whatever reason by oh that by by the day
before election day or even the day
after election day whatever it is this
thing plummets all the way down to it's
a 52.43 43 52,
uh, 437. Let's just say it slides under
50,000.
From there, you could start a brand new
peak, A, B, C, and D. The next D,
regardless of whether it's above or
below, becomes your prime D. We've seen
that before. So, here we are at peak B
in the monthly chart. A B in the monthly
chart. If there's a huge slide on the
monthly chart, you've you're just you
haven't gone back to the start of March
of 2025 of 36,661.
But at least you've tested the 45,000
low that was made in March of 2020 2026.
April. That should have been April. Oh,
it says March. Okay. March. Um well if
under that you have a peak A B C D that
D gets priority it doesn't happen often
it doesn't happen much at all but it can
I'm just giving you that's the
explanation of the champing methodology
so with that said yes you could fail
under that PC but if all the technicals
are holding and price is holding look
that line hasn't gone even close to
coming down it's it's so strong above
the 14 so this weekly chart gives gives
you a lot of time and a lot of room. And
remember, where's the election? Election
is 10 11 right there. That's the week.
You see where my pointer is? That's a
long time. This thing can go down. It
can go up. It can go up. It could run
down. It could go s it could just be in
a holding pattern or it could just
plummet. But it doesn't matter. You've
got up until then. All right. So, I just
wanted to clarify that. as it stands
right now, everything about it says that
in 2026 there should be a leg D in the
weekly chart. There's nothing here that
suggests. So my answer is um yes it can
fail if there is a sharp pullback and
under the peak C you get an A high and a
B high and a C high and the D high is
below that C that D becomes the prime.
Okay, I just wanted to It took me a long
time and a lot of money to figure that
one out. I'm just giving it to you for
free. Okay, now let's do this. So, the
Dow has given back a chunk. Um, look at
that candle right there. And that's what
I said to subscribers. We're holding our
positions, taking profits on on on our
short positions. A little bit off, a
little bit off, but we want to hold the
core position. Look at the uh TZA.
It made a peak D. Well, we have to wait
for the end of the day, but it's a leg
D, which is the target. It came in a
shorter time frame than I anticipated.
Um, and that is the IWM, which did take
out the left side low and went to a leg
D, maybe a trough D today. But look at
that red candle. This is just negative
action. Okay, now I can go to the gold.
I wanted to give it to the close to when
I'm finishing the show. Gold is trading
up $8. You see what I mean about my
tactical indicators? I can't fight them.
And even though we are long, I don't
want to I just don't want to get I did
not want to add a position today. Uh
they could have just um Well, it might
have held, but I didn't feel
comfortable. All right. So, that's the
way it is right there. Um now, a couple
of questions that I I mislaid. I put I
did that. Did that did that. Did that.
Oh, copper. I didn't even look at high
grade copper. Look at this. Highgrade
copper had that rally
and then it stalled. It did not do the
left side right side price time match.
It failed. It's now in the rectangle
back in the rect. I actually took the
rectangle away because it was getting I
had so many chart patterns here. Let me
just take this away cuz that's already
failed. Remember I like to do the
analysis so that we know what we're
looking at and then does it follow it or
does it not follow it? So now I'm going
to show you the real thing. Copper is
merely in the rectangle formation.
However, look how it's come quickly from
the high to the low. If copper takes out
6.43, I'm going to make the low here. So
high grade copper right now trading at
6.47
on the uh on the 18th of August. That
was the low. If it takes out if it
closes under 6, I'm going give it a
little room. 6.7
6.7 How can they What am I talking
about?
6 6.47. Yeah, of course. 6.47. So, if it
takes out 6
If it closes under 6.46 anytime next
week, watch out because copper is really
important. All right. And look at this.
It just failed to get to a D in the in
the uh in the weekly chart. And it is an
all D already in the monthly chart. All
right, let's look at SECCO. Look what
happened to SECO. Gaps down. It fails in
the uh falling ass formation. It's now
failed in the second. Look, there's a
second arch formation. Third. So, this
is the second. This is the third. So,
this is the dreaded H. You're going to
be following this very closely. All
right. And the reason why I did not get
back into any stock uh didn't go into
the uh copper stocks is it just somehow
the market being shaky said copper
theoretically should be shaky and I have
to tell you right now the daily chart on
copper is in a sell mode. It went from a
sell signal to a sell mode yesterday.
Okay. Well, we got one more segment to
go now. I' got a couple of questions
coming. That's okay. We'll we'll deal
with that.
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>> Let me just show you this chart quickly.
Oh, how many times do I do that? Come
on. Okay, so this is XLF. This is it.
There we go. XLF monthly chart. I
believe that the financials are making
some kind of a top here. You've got a
potential for a top in the in the SPY
monthly chart, right? So, look at this
real time. Here we go. Where is the XLF
daily? The daily is PF at 58.
Was that 38? 5860.
um
6 sessions ago is trading down to 57.02.
So it's gone to a sell signal in the
daily. Nothing in the weekly, but it is
a peak E. I believe this is telling us
that we've got to monitor those yields
because the yields um technically when
the financials come down, usually the
yields go down.
When they go higher, it's good for the
banks. So I'm watching that very
closely. Uh that's number one. Number
two is Apple. Look at Apple. It it hit
the inside track repellent zone pulled
back. It went to the jam wave inside
track propellant zone and it's bounced
up. Now it's there. So this is
interesting. All these different stocks
are are having completely look at this.
Google
look at that different chart pattern all
together for the for the magnetic
Microsoft. Microsoft looked great and
then it looked like, oh, is it going to
hold? Well, so far it's holding that
huge big bounce. So, they're all doing
different things. I am very cautious,
very cautious. That's why we we we are
trying to keep our short positions.
Anything on the long side, just a quick
trade either for maybe a 1% or 2% loss
with potential 4% gain. That's it.
Otherwise, we're out. So, just be
careful here. And let us look at gold as
we're going out here. Gold is now up
nine. So, I'm just watching that. And
GDX
is just it's not holding all that well.
It's up a $167. I wish it did, but it
is. Have a wonderful rest of the
weekend. I'll say to our Jewish
listeners to happy new year and uh
our our prayers go to the the people
that are have suffered losses from 911.
I saw the school with you. The one.