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September 11th The Tiger Technicians Hour on TFNN - 2026

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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.
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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. >> 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 tfn.com. tfnN, educating investors. >> In the world of trading, only a few names stand out like Larry Pavvento, a pros pro with over 50 years of experience, Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesventto's daily trading service that turns the complexity of markets into opportunities. 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The Tigers Day available to all Tigers and Tigrises for just $1 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 the front page of tfn.com. 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. 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 Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. 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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. >> Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening 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 in order 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 into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So ignore the pop trading influencers and start learning time- tested technical analysis. Steve RH started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodess is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge 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, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free at tfnn. All our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. 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Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. 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. 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. 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 TFN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. 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Then hit watch tiger TV. >> 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.