thank you. >> you too >> katie stockton. before we move on, a gap low -- gap down lower, a big washout, if we haven't gotten it based on a lot of the headlines, i can't imagine what's going to get us there. >> right that's the real question right? that would be exactly what i'm looking for. you gap lower, reverse higher. to katie's point, even if this is a bear market, bear market rallies can be pretty vicious. they can be great tradeable lows. >> katie laid out her charts it's our turn to figure out what the most important chart you should be watching for a real read on what's ahead tim, kick us off what is your chart >> be careful on the most important chart out there. i'm going to tell you, you better watch fedex if you want some understanding of not only where cyclicality is but more importantly, logistics dynamics we have seen we spend a lot of time talking about them we talk dow theory on this desk once in a while. it says that the industrials or transports could pull the market in a particular direction. there is corr

we have fair leaf strategies, katie stockton.k formation on friday underscoring a resolve but surge of buyers. my guest shah gilani thought it was mostly algorithms. what are your thoughts? >> you definitely thought programs stepped in own the buy side on friday. we saw clues from major indices in accordance with that. that lasted one day reversal pattern on the chart and we did see some nice follow-through from some names and i do think it is an oversold bounce that we have and that is not totally with today's price action. we're looking for near term upside to follow through over what was a successful test of the support by the s&p 500. the support level we were watching is around 4200. that remains intact even though we breached it intraday. it really needs a couple of closes below that level to suggest it is broken. so we're considering that to be intact and a very natural place for this oversold bounce that we think will take hold this week. charles: so this sort of backing and filling process, maybe a stair step kind of a t

about the iran discussions crude oil now 89.63 a barrel joining me right now, managing partner katy stocktonfor weighing in i want your take on what is working i think, oil, and energy has been work for being investors, what do charts look like where do you see market leadership right now. >> better than average for sure in terms of momentum and relative strength crude oil prices as you know have been really on a tear recently, i don't think we thought would be sitting here close to 90 dollars per barrel momentum still is there behind energy, very minor signs of short temperature upside exhaustion if any reason to be nervous i don't think about the setup in their charts from bottom-up perspective. but rather, top-down views because the market has really lost long-term momentum, so with january's corrected, behind the major indices, s&p 500 nasdaq 100 we saw real deterioration, probably more of a range bound highly volatile type of environment for this year, and that will leave even energy sector not unturned by weak necessities somewhat nimble for now momentum. maria: with adam johnson this

also katie stockton the fair leaf strategies founder and partner.u tell worried investors? >> i think this isn't terribly surprising we've been knowing it was a likely scenario. but i will say we spent time looking at all the other geopolitical events since 1940, and look at the reaction of the s&p 500 over time, and within one month the s&p 500 has been positive 66% of the time and looking out one year it's positive more than 80% of the time so i think even though these events are troubling they typically have presented a buying opportunity unless the impact is so great that it really does have a meaningful impact on our economy and a meaningful impact on corporate earnings and so far we're not seeing that we think it's an unlikely scenario, so we would take this opportunity to add high quality names within your allocation and stay diversified >> let's just ask that las question is this different this time? i guess part of that if you wanted to point to that to make that case you can say look what's happening to commodity prices if you look at ener