September 15th The Tom O'Brien Show on TFNN - 2026

The following is a presentation of TFN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1877-927-6648 internationally at 727-8737618. Hey Robin, how you doing man? >> Yeah, good and thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team and I really enjoy it. But really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on a small business grant. I'm a small business owner, primary bread winner for my family. And if I can get that money, it's going to really mean a lot to my family. So that's awesome. Thank you for uh taking the time to do that. >> No. Well, listen man, we appreciate you growling and prowl with us. Now, Tom O'Brien. >> Hi everyone. Basel Chappen here. I do the 10 to 11:00 Tiger Technicians hour every day here at TFN. And I also have the newsletter called the opening call, a daily newsletter, very comprehensive. Let's just go to the market right now. The Dow's down 368 at 52,056. I'm sitting in for Tommy O'Brien in the Tom O'Brien show. You can see how quickly we went from the 51,600s right up to the 54,744 level on the 5th of August. Um, and look how long we've taken to come down. So using time is really important because it means that the uh the kind of acceleration you sometimes get in a sell off where the Dow is down a,000 or 1,200 points every day and it just keeps going down. We haven't seen that at all. It's just been a steady drip drip drip to the downside. And that support that 51,542 that will goes back to around about the 21st or so of July. That's going to be key. So I'll talk about what we can and we might anticipate tomorrow. But in the meantime, let me show you the weekly chart. That green 9 period moving average way over the 14 says to go negative. And look how nice this is. When it goes positive, it flips to green like it did right there. And that was April, the week of the 24th stayed green and now it's still green, but you've got the the um 9 period exponential moving average turning down and the 14 period moving average was flattening and now it's just slightly turning down. So it's not negative yet. So there's no real sell signal in the weekly chart of the down the monthly chart is still looking great in leg bees. Hard to believe under these conditions. I just need to flip uh to different things while I'm speaking about this because everything is related. Look, you got crude oil at a recovery high. It's up 4.14. This is a continuous contract at 105.53. We're looking at this and saying this is really quite something. I I don't want to go through this is for technical Friday where I do chap wave technicals. Every day I do talk about some of them, but I'll go through this later on. This is a trap wave overlapping wave goes to D then pulls back to the left side lift. But look what happened. This is an instant restart and it's continued right up through leg E. The 914 fabulous. The MACD fabulous relative strength strong but it has just pulled back a little bit from the two days of slight weakness that we had right at the at the recent highs. Stochastic flat at 88%. That's what you want to see when something is looking very positive. And the onbalance volume says, "Oh, getting a little bit overbought." But that's just a a signal to say, "I'm not giving you time. I'm just saying you're getting overbought." Look at the weekly chart. It's done a whole bunch. It went to a peak. D in the shave methodology. We're always looking at that fourth highest peak. Peak A is the first, B is the second, three, uh, C is the third, and fourth is D. It can go higher to E, FNG, but D is the object of going from a buy signal to a buy mode. Upgrade. It says you should go to at least a D. Well, under that you've got these A's that keep when they keep failing, the A stays, but it becomes really an A minus if it takes out the low. Well, look at this. This is peak A, another A, and now it's gone to a leg B under the previous high. So, that just says that if there was to be another high right there, and that would be the high of the week of the 13th of March, which is at 108.82. If it goes to 108.83, it's a continuous contract. So, I'm talking about the current price. That becomes E/B and then you see an E in the monthly chart. So, all I'm saying is that I don't see anything technically here. Even the stochcastic in the weekly has finally got to 80%. I don't see anything that says uhoh, crude oil is coming back to 92 or 88. Just at this particular moment, it looks like it's still holding very well. If it pulls back, it could be just a sideways move that goes to maybe the 97, even 95 area, but that could be another base to move higher. I'm just saying these are the possibilities. Now, I need to go through this real quickly. S&P right now, the S&P, this is the cash, a big red candle, made a lower low than 4 days ago. So it's in a leg after to the downside at minus 35 at 75.84. Look the nine period moving average negative. The MACD moving average convergence the red and green lines negative. Uh the relative strength this little gray line right there negative stochcastic 21% very negative. Onbalance volume look at that. There is no volume even though it keeps coming down. Now I know some people use volume. I use unbalanced volume. I do have volume inside here. you can see it but to these these vertical lines but I really use the onbalance volume because all the years it's really been a wonderful bell weather for certain turns in the market but look at this peak see in the weekly chart five weeks sideways action to down high lower highs lower lows but it hasn't broken down and the monthly chart is in leg D's where other things can happen but so far it's holding well so all I can say is this has been a a high level digestive consolidation Look at the QQQ makes an alltime high. Now this is faster than June the 3rd. Look, there we go. Scroll across. June the 3rd, it goes to 748.65. And since then, this champ wave inside track repellent zone has just constantly repelled the the price. Now, I need to just show you something here. You see this uh let me show it to you. You see this weekly chart? You see this arch and then another arch? So I have a technique that I call there are three patterns we look at straight line up straight line down that's one cup formation that's two arch formation that's three or a mix of one and two or one and three this is one and three where it rallies it comes down sharply then it rallies and it fails at a peak A or B and it comes down if it doesn't take out the left side low it could have a bounce and then that lower H becomes a lowercase M and at that point if it takes out the left side low you got to be careful Well, we've just done the H. Okay. Now, let me get back to the chart right here. Let me just draw this in. I got to get this all done very quickly. One. So, here's one H. It's a big larger arch formation. Here's another one. And what do we see? Look, it's the same pattern that we saw in the Dow. The lowercase H became a lowerase M and then it took it out. And the rule of thumb is if it closes sharply below the left side base, you can get a one to one to the downside. That's kind of what we've got. So you've got to be care. Wait, what the chart did I look at today? Was it Goldman Sachs? Yeah, Goldman Sachs just did the same thing. Left side arch. This is the H pattern, right? Left side arch next to second arch. And now it's taken out that left side low. It looks like the 540 uh 949 200 period moving average target is right there. So, we're watching this one closely. Oh, we ran out of time. That was a very quick segment, wasn't it? So, I do want to just show you this as we go to the break. Look at the um yield. This is the ultra short M20 T bond. Look at that. We did a one to one to the upside. What's going to happen tomorrow? We'll talk about that when we share Basel Chapman sitting for Tommy O'Brien. This is the Tommy O'Brien show. Dow is down uh 379. 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. 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Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets. TFN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money back guarantee. Just visit the newsletters tab on the front page of tfn.com. TFN, educating investors. 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. TFN airs live financial content streamed live on TFN.com and TFN's YouTube channel with Tiger TV live every day from 8:30 a.m. to 400 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFN's YouTube channel and become the investor you were born to be. TFN, educating investors. Hi folks, Basel Chapman here, this is the Tom O'Brien show. I'm sitting with Tommy. This is usually where Tommy would interview me. And let me just what I'm going to do is let me just show you this. First of all, this is my newsletter right here. The opening call. Let me just put it over there. So, the opening call subscriber webinar. Uh I had a webinar that was uh on uh July the 28th in where I discussed all of these things that we were topping out that I I I saw the semiconductors topping out that we were rotating and it was came to be a very interesting and choppy couple of months coming up and uh we try to put our the positions that we have already based on a lot of what we had discussed in the um in the webinar and every every Friday afternoon at um after the market closes, I send out um a video. It's usually an hour, hour and a half. It's really like a webinar. I just haven't had time to put a webinar together, but it's like a webinar and I discuss the techniques. I discuss what we're looking at, why we're looking at it, etc. So, if you're interested, check out front page of TFN and it's my open the opening call subscriber. Um and you'll you'll see that right there. Okay, let me get rid of this. Whoops. What did I just do? Okay, got it. Okay. So, there are a couple of things that I need to do right now. So, as I'm discussing uh some positions and and stuff that we have for the opening call subscribers, I I'll do this. I just wanted to finish this. Look, there's a one to one. Look at that one to one perfect uh in the TBT. My contention has been for a long time. You remember some of you might remember when I came to TFN uh back in 2002 2003 I'd already written a paper that was published in a book that was by the Harvard uh psych psych psychiatric medical center because they had a very big conference Abby Cohen a whole bunch of these people famous people were there I was invited to come I had written this uh the pretty big article that was originally for Baronss um what's her name Katherine and Gallagher. Uh anyway, she had asked me and my partner at the time to to write this and we did, but Barry, it was just so optimistic. It was 1998 or so. It was just so optimistic that they refused to do it. Anyway, in it, I discussed this this mega bull market that I anticipated. But besides that, let me just get to the point here. And the point is that within the markets themselves, yields, look, yields are there, but it's not, look, we we've been here before. Look, we've been here many times before. This is not a big deal. This is the yield, the TBT, the ultrash short Leman 20th Treasury bond ETF. It's really what what is said. Well, what if there's a sudden surprise? What if there is? Look, the the yields themselves are saying it doesn't matter what the Fed says, we're already moving higher. Okay. So, what the Fed says might just be a clarification of what they're doing. So, I don't see this as the end of the world. What I do see is that crude oil and every day there's something new that's in the crude oil market that is making it less and less likely that crude oil can suddenly slide 15 20 bucks at at least very short term. That to me is an issue because it affects everything. I mean, food just you name it. Transportation, the works. So to me that is really an issue. So this climbing right here and you could be getting a cup and a handle and this one of my least favorite patterns because it often fails but not so when I'm looking at the crude oil contract because the crude oil contract says um I don't see anything that would have crude oil just plunge. Oh, we could consolidate, sure, but I don't see. So, to me, okay, that's an issue. Now, the reason why we went short the Dow and I'm going to get to I had a question about uh uh some the in the in the Bitcoin area. If I look at certain stocks, I will. But the reason why we went short is that the the Dow in a monthly chart is still really positive. In the weekly charts at a peak C, remember Pak D is your objective. And once you go buy mode and we're in a buy mode so we could pull back but at this particular point it looks to me like over couple of weeks where's the election election is right there. All right that right there that that line that you're looking at look how quickly we go through five six weeks. All right so anything can happen. So I'm looking at this and I'm saying all right the Dow's at a decent pullback is actually holding well the onbalance volume saying you know what we're kind of close to some kind of a bounce. You might don't have to get it. I'm just saying technically the stochcastic at 90 19%. I like it more at a single digits rather than 19, but it's getting to a point where uh it could have a bounce. The MACD is just horrible. It's going to take a lot for that MACD to get positive again. And the 914, the same thing. So, I see the Dow as being very vulnerable. So, we have been short. The IWM, the Russell 2000, not a good-look chart. It was doing very well. is one of the only charts that I can see in historically that has gone to an all-time high where the um there is a chance look uh 30 302.72 on the 12th on the 1st of July and then it makes a slightly higher high. Let's just say there was a G. Well, there's never an H. So, there's no other way. I have to count that as a B. This is a one of the first failures. We've seen the Dow occasionally at a PC C fail uh at an all-time high, but it very quickly gets back to the D. This is a failure and that just says to me that it is invulnerable reason why we shorted be the TZA three time short um is because I just see this as being highly vulnerable and the sectors that would be involved in this particular phase with the higher rates etc is very important. Okay, so that's that. Now I've been talking about the XLF. The XLF is the financials. Look at this. I always look for round numbers. I've been looking at round numbers since before the crash of 1987. So, it's a big deal for me. Look at this. To have a composite index, S&P Select Financial Spider Fund make a round number at his high of 58.60. That day, the open was 58.00. That was the 3rd of July. I'm watching this closely. Why? I've been showing this chart for a long time. I will spend too much time on it. I'll do that. I'll do that in my show tomorrow. I'll show it again at 10:00, but this is the S&P. This is a monthly chart. It's just a bar chart. Pink for the S&P. Uh blue for the financials. And I made a big deal about this chart right here that uh if I can do this, maybe it's better that way. That right now you can see it better. So, what I said was uh Oh, I can't move it. All right. I want you right here. There was this big divergence where the XLF failed to make a new high while the S&P did. Look at this chart. You can see every almost to to the month every single peak and trough coincided. It's the most beautiful chart. What an example of of parallelism XLF and the SPY monthly chart and all of a sudden you got that divergence. Well, all of a sudden what do we have? We have the spy now making a peak last month and the X enough this month has gone to a higher high. There's another divergence. So I talk about that. That's one of the things to me that's very important. The other thing is when the financials come down, usually it's because rates have come down. Uh when rates go high, it really benefits the banks. So I'm watching this very closely. If you look at the KRE, this is the regional bank index. The S&P regional bank index made a high a double top 7835 on the 4th of August and then it retested couple of weeks later at 78.24. These double tops are dynamic. I can't tell you how many double tops have said oh be careful. It's almost like a round number at a high and look what happened. They pulled back sharply. So there's a divergence between the regionals and the the big the big the heavies. Um that's Bank of America. Look at this. JP Morgan. JP Morgan makes a round number the day it made the day after it made his alltime high. 366.60 on the 15th of August. Made a round number 365 open and whoosh. The day it went down to 343. It doesn't sound like much, but for JP Morgan, this is the longest correction it's had in quite a while. I'll be back in a moment with Mrs. Basel. Tim or will not be with us today. I'll be continuing with this and I'll go to the Bitcoin and I will show you something very interesting. Just reach down 359 of chapter sitting for Tommy O'Brien. 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 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 TFN, all our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. TFN educating investors. >> 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. TFN airs live financial content streamed live on TFN.com and TFN's YouTube channel with Tiger TV. Live every market day from 8:30 a.m. to 400 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFN's YouTube channel and become the investor you were born to be. TFN, educating investors. This portion of the Tom O'Brien Show 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 perspectus available at direction.com. Read carefully. ALPS distributors, Inc. Hi folks, Battle Champing for Tommy O'Brien. This is the Tom O'Brien show. So I thought I'd just continue this. So I had questions about uh the Bitcoin area. So Bitcoin itself is down 3170 3,170 at 75,995. Made a peak E in the CH methodology at 82,515 the other day. We've been long for a little while and we've been taking some money off, but I'm watching closely. I said we'll watch it today. Um because the weekly chart is holding okay but the um daily chart doesn't seem to find it has some strength yesterday. This weakness needs to be monitored. The nine you can see the nine is still positive over the 14 and the 200 period moving average. Remember I are we talking about the 200 period moving. I put it in the charts. I don't have to use it until I have to use it. Do I have to use it here? Not at all. This is the first time it's got back to the 200 period moving average since oh I don't go back since for months right so that makes it important it's like a magnet and it says to me it could pull back but the 77,800 level uh that is the 200 period moving average should become a magnet so that if it goes down it'll retest that and that'll be the big test whether it's going to break it above to go to the 7850 5,000 area 78,500 area or whether it starts to pull back. Today's low is uh 74,925. If it gets into this candle right here to the bottom of this candle, the 21st of August, which is at 73,30, sounds like a long way to go, but these things move very quickly. That means it's now in a stalling formation and I can see it coming back even more. This is a very important moment. So, let's just look at the question was what about coin? So, CO I N um now this is a particular pattern. You see it almost is the same pattern as the Bitcoin except it's under the 200 period moving average. So, it's struggling in the daily. The weekly chart is way worse. So, it's it's not a very good-look chart. This one I think is a little bit more vulnerable. So that if today's low of 18 oh 184 round number high today um let me just check and yeah 181 low on the day that it made that peak E high at the 200 period moving average. So all I can say is um the low today is 168.07. So make it as simple as possible. If this closes above 184 it has to be within two sessions. If it closes above 184, that is really good action and it says, "Oh, we should retackle the 194 200 period moving average again. But if it closes um this is not a chap Roman candle, the the body's too thick." But I can just say in the meantime, if it closes under 171, man says that weekly chart. Now you see this weekly chart. You see the keep your eye in the middle chart, the weekly chart. Look at this chart right here. You see it actually went to the 200. The the MACD is good. The stochcastics fed 83%. This is the weekly chart. 914 is good. This has a little bit more strength. And I've been saying that for a while. I was asked about Bitcoin. I said Bitcoin to me is the better one. If you're looking at Ethereum, look, Ethereum um has this chart. It doesn't have the veracity, but it's it's not holding it badly. This is still pretty good. But it's they're all doing the same sort of thing. This is over the 200 period moving average, which gives us support. So So to me, uh, CON I I'll just give you the parameters because right now the technicals are mixed, but the 914 is still good and it's very close to the 200 per moving average. So that should be like a magnet. And the next question was CRCL. So this is Circle Internet Group built infrastructure for digital money and blockchain products. This is a little different. The daily chart has got this arching over and it made um a red candle today at 87.81. It's down 9.61. It's down almost 10%. And the weekly chart uh this is a bit of a struggle. So let me just give you parameters at the low today is 84.80 by Friday if this takes out you see that arch formation has taken out the left side low if this closes under 84.20 20. I think that's a problem. That is a problem. If by Friday instead of closing down, it's actually had a good Wednesday and Thursday it goes into this candle here and it's able to get above. So, this is on both all of them are on the cusp. 9775. They haven't broken down, but the weekly charts are the ones that I'm really watching. I need to see the weekly charts improve, otherwise they're just going to stall in this market. You can see you have good action and then it just stalls. So that so let me talk about that. Now next thing I wanted to just mention was gold. Look the GDX talking about the chart the weekly chart. Look GDX look how high this consolidation is with the 9 period moving average over the 14 and the MACD is good stochcastics okay at 81%. Look at the gold itself. That is not a particularly good look the 9 period moving average couldn't even go positive. It's deflected lower and look at the daily chart. So there's a big difference. The gold stocks have been holding. Look, we own a AMG agnica eagle taken nice profits got in quite a lot lower in the 180 area and it went to 224. I don't see any round numbers in the gold stock. So that says to me, okay, maybe that's a good thing. The weekly chart still is holding well. So it's the individual stocks that you got to be uh monitoring because overall if I just base it, look, silver, the same thing. You look at silver silver chart. Look, that weekly chart is really pathetic. The daily chart has had a big pullback from where the peak D uh went to peak AB. This is the dreaded H pattern. Remember we were talking about Oh, was I talking about it? I'll talk about it now. In this particular pattern, the H can become an M. Oh, I did. Yeah. The lowerase H can become an M. A lowerase M. Well, we did the H. It fell at a peak B. That's really what happens in the um dreaded H pattern. And we've been, look, from that low, we haven't yet closed below this low, even though we've had three candles below it. That's the low of the 2nd of September of 68.8 63.88. Um, I'm watching this closely. So, silver has been kind of weak. Uh, we do have a silver solder way down. It's done very nicely. We haven't added to it. Had a very good run and now it's doing some some digesting. gold star gold positions we've had still nice and AEM I'm watching it very closely agna eagle so um within that context I just wanted to put that into rel relation to positions we have in the opening call daily news there now here's another thing within the context of what we're looking at here let me go through this uh yeah so within the context text of the rotation. Look, we have we have Iran. So, this is an this is Iran limited. It's the next generation data centers, renewable energy, GPUs, everything. And it's held well from our 22 entry point. We took money off on the way to the 73 high and it's been stuck. And then all of a sudden has a big move like this. There's another one that we had. You never know. It looked terrible just the other day. Look at this. This is cyber security doing very nicely today. I'll be back in a moment. Dow's down 372. S&P is down 41. 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 tfn.com. tfnN, educating investors. For traders who crave risk, directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage. Utilize bull and bare 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 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 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 perspectus available at direction.com. Read carefully. ALPS Distributors Inc. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets. TFN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day moneyback guarantee. Just visit the newsletters tab on the front page of tfn.com. TFN, educating investors. TFN has launched the Tiger Zen hosted at Discord. TFN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tigers Den, available to all Tigers and Tigrises for just $1 for the year. There's no cash 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. >> Tom O'Brien. >> Hi folks, Buzz Trap singing the Tommy O'Brien. This is the Tom O'Brien show and we're looking at this particular show. This is the 10-minute chart of the E- Mini. This is December contract. So, look at this. It it it made a low around about 420 this morning and then it had this peak A peak B CDE E F and then it turned down and in the in the uh in the D and was it my show? Yeah. During my show I said uhoh if I'm correct making this trough after peak D which is what I usually do a midpoint there should be bar symmetry. I don't know if we can come back down, but there's the if it does, 7645, the low that was at 420 this morning would be a target. And we watched it and it came down. This is the CH wave inside wedge dash pink target support line and lo and behold, bam, look what it did. It went right there. Went just a tad under it and then it started to rally. Well, what was the pattern that I was just talking to you about? the lowercase H there become a can become a lowercase M. Well, this is exactly and look at the price time at that says by what is the time right now? Uh 3:43 in the next not this 10 minutes by the next 10-minute bar there could be a retest of this low which is 7641 uh 4350. I don't know if it'll happen but anyway that's the technique that I like to to show demonstrate. Um, sometimes it works, sometimes it doesn't, but that's the technique. All right, let's just get back to the questions here. So, I had a question about um, so I showed you rubric. So, all of a sudden, heck, this is the cyber security ETF. Uh, finds signs. It was looking terrible just three sessions ago. Look at that. And then two sessions. And that's what's happened to this market so often. So, you see this is a PC. If this goes this particular move up which is in great leg C goes through the left side high of 121.97 in this move that becomes not a C it takes over that because you're going alphabetically from the highest letter and then it becomes a D that would be very positive and becomes an F in the weekly chart that's amplify cyber security and look at that monthly chart. So what I wanted to point out is that this is a rotational digesting market. If you look at Marriott, Marriott, I've always I've had a couple of stocks that I always use and I say this is telling us a lot about the market. Well, Marriott made its high uh let me see if I've got it written down. Yeah, 410.98 on the uh 410.98 on the 15th of June. And um it had was it that the day before? No. Then it just came down from 41098 to where it is right now. 335. But if I remember it was Hilton. Let me just see. Is it Hilton or Hyatt? No, I think it's Hilton. Hilton HLT. And this is part of the economy. This is telling us that for some time now the um the resorts hotels have been pretty weak and it had a 358 round number to the penny exact high on the 12 on the first of on the 20th of January. I wrote that wrong. 20 of 2026, the beginning of this year, a peak D in the monthly chart, peak G in the weekly chart. And if you look at this, you look at syntax, I always look at these things because it's telling us about the look, lowerase H goes to a lowerase M and we're going to see whether or not um it takes that out. But look, it made a high of 219 island reversal high um right there in uh in July and it started to pull back. So I'm looking at this and I'm saying, you know, you can make higher interest rates, but there are a lot of things that are are really um that are core to look this is WA waste management. This is the cities that you have waste management, right? just made a high of 247.15 uh back in July and it's trading right now 217. That's what is about a 16 or 17% decline. So I'm looking at this and I'm saying you can raise interest rates and there are a lot of reasons but mostly I I I might be wrong because I'm not an economist but really isn't it crude oil and look at heating oil. Look at this. Heating oil made a new high today. Not an all-time high because that goes back quite a way, but the heating oil has gone straight. Look at that monthly chart. This is going to be a tough winter. So, I'm looking at this and I'm saying, okay, there are a lot of things if they raise rates, it could have quite an unsettling effect for a little a little while. But is there a reason to raise rates? Well, it depends on how you look at it. If you're looking at um H, look at this dollar HGX. This is the real estate market. Hey, October of a year ago at 837.8. It's been struggling. It's not really failing. Well, unless of course you look at the daily chart, but look, it's come down straight down. I mean, that's a big deal, right? So, um even the last high, look at this from the last high. So if you look at Toll Brothers, so I'm not sure just what they're going to accomplish. Look, there's the lowerase H that goes to a lowerase M and then has yet another one and then it takes out the lows and it's come down sharply. This is Toll Brothers. I always look at these. I didn't see any round numbers there. So as a sector, I didn't get anything. Uh mistake the very day after it made its all-time high of one. Oh, no. It wasn't the alltime high of the most recent high of 163.43. The next 166.23 on the 26th of June. The next day it has a round number. Boy, these round numbers. No, it had a round number 164 open and a round number 165 um 0. Uh does that um high? Oh, and look at this. is now trading at 134. Um, yeah, these round numbers really, they they tell an incredible story. So, with that said, I don't know quite what's going to be accomplished by higher rates. Um, the market either way could have a big shaky day tomorrow and Thursday and it may be settled down. As I see it, this is not the issue. The issue is that I think investors are going to be really nervous about certainly October going into the November election. I just don't I I think it's going to get so ugly that people are just going to step aside. What if it gets so ugly that people don't actually show up to vote? Well, I don't know about that. But meantime, I think this is a very choppy market coming up. It's been choppy. I think it's going to get choppy year. Now have a look at this. Negative, negative, negative. No, wait a minute. Telephone, beautiful move today. AT&T, we've been talking about this for my subscribers. I've been showing it for a couple of weeks now. Holding beautifully, holding the 9 period moving average even on that sharp pullback. It's at 26.77 of 26 right now. The weekly chart. Oh, I'm afraid to do this, but I will do it because I always do this. When I see a move like this, I say, "Hey, this could be the rectangle." Now, I've had webinars in the rectangle formation. What it says is from if you go straight down, and this went trough A, trough B, trough C, trough D, and then it started to move up. If it starts to make higher highs and higher lows, it could very well get back to close to just under or right on the previous high, just above. And then there's a whole bunch of techniques that you look at for a pullback. So this is 20 uh 2678 right now. The previous high was just just above 29. I'm wondering look at VZ. This is a Verizon. So you can talk negative as much as you want. There's always something moving up. Verizon very nice. A new high. I'll be back in a moment. B Chapman D 374. 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. 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Folks, as we wrap up this one, as I said for my subscribers, we've raised cash. We've been very cautious. We've got certain stocks that are still holding well because we've got them quite a bit lower, but at the same time, uh, we we we we're monitoring and we we are short, as I said, the Dow and the, uh, IWM, and we'll be monitoring it. It wouldn't be a bad idea to take a little money off tomorrow again because anything can happen. Now, let me just quickly do this. BMR, which is um in the Bitcoin area, it had a round number low, yes, 23 today. I'll make it simple. If it goes under 23, 2241 is the key 200 per moving average support. And if it by Thursday morning in my show, 10:00 to 11, that's going to be really important looking at the market. If it's above 2580, that's a good sign. All right, let me just explain what I'm looking at. So, it's not so much what happens going into the close tomorrow because that's just hysteria based on student. It's Thursday morning at about 10:00, but certainly 1020 with the new arrivals coming, the more mature players in the game. Um, if the Dow has taken out 51,000, uh, that's very negative action. But if it starts to rally, it's going to be very important that it holds the rally into Friday at 12. And I'm saying that for the Dow, the S&P, everything. Most importantly, the SMHs. Look, they are holding so far quite well even though they've been since June is the second going to the third month um of uh consolidation and there's the H2M pattern. So if at any point by Friday afternoon the same SMHes are below 537 that is not good action at all. If it's above 556, I'd say, hey, save the day. You can have a bounce. But I still think we got a really choppy period coming up at least close to the to to the election. I I just don't see any positive that says, oh, new highs coming. I don't see that right now. It's just there's just too many crossurrens. But I also see that a chunk of consolidation has already been done. So with that said, check out my opening call daily newsletter. I will see you tomorrow at Tommy starts off at 9:00 with his uh morning market uh kickoff and I will be in at 10:00. Have a wonderful evening and we'll see 24 hours time we'll know.