 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks. Welcome to the December 20th. The wonderful Wednesday edition of today's Trader's Edge show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us. Not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift and every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but more important than that, and that's this. During this next 53 minutes, I am here to serve you. So feel free to pick up that phone, dial on it at 877-927-6648. Now, if you've got a question but you can't call in, we've got you covered. You can send me an email. Send that off to Steve at tfnn.com. Send it early. And in that subject heading, please put a radio show question. Of course, if you're inside our Tiger's Den, will that any and every ping will do? So let's go and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We open up the show here with a mixed bag. The mix goes like this. Dow is flat, but really off five points. S&P is flat, but really up four points. NASDAQ's not flat. It's up a little over one-tenth percent. 23 points to the upside. Seven-tenths for the Russell. That's a 14-point move. Summizer off 16 points. Trendy's down 73. Gold's off five bucks. Silver's up 30 cents. Let's roll. Gas is basically flat. Light's recruit is up 90. Penn is 30. Treasury's up four ticks. Leading the charge dollar-wise to the upside. You've got MicroStrategy up 20 bucks. SIA, the freight company, up 4% or 18 bucks. Old Dominion up 12.5 bucks. That's a 3% move. FACSET research up 9 bucks. Coinbase is up 7%. To the downside, it's Argenix. Down 112 bucks, 25%. Gin Medical down 27 bucks. FedEx is off 30 bucks. That's a 10% move for it. Aeon PLC down about $17. 5% and Costco's off 12. Nearly a 2% move to the downside. So where do we want to begin? Let's begin. Let's begin by taking those daily equity future contracts. We'll switch over to Stevie's white background chart. You'll see those momentarily. And what you'll notice in the upper left-hand corner is the EES mini. You will see that yesterday was an 8% transfer rate. As long as price closes above the close of bar five today, that's at 47.74. This will confirm ATD 9 count top. The pattern will not complete until tomorrow. The high of this pattern can take place but it can't take place on the bar following bar 9. First price objective on a move to the downside is going to be green line, oscillator and change line. Current print is 47.77. That number is going to shift pattern yesterday. Today is its completion date. Whatever today's high is, you want to mark that on your calendar. Well, you're not a your pad of paper. Yes, it's a racist year. That's crazy. Sorry about that, folks. This a multitasking thing I can't do. Well, I got four minutes here. Okay, so the end queue. Watch today's high. If price starts trade above today's high overnight closes above it tomorrow, the pattern gets negated and that would then be our signal that these markets are not getting ready to top. Instead, what they're doing is they're getting ready to continue to move higher likely through about the January 5th or so timeframe out there. We don't have proof of that, but that's just something to be looking for. As we take a look at the Dow, the Dow March contract, you can see that today is going to confirm bar number nine and it will confirm bar number nine. So long as price closes above that close of bar number five and that number out there is 37, 643. Another level to put another number to put on your pad of paper. Now, in the case of the ESMini and the Dow, let's assume that they do confirm their TD nine count tops today. It still can make higher highs tomorrow. It doesn't negate the pattern or anything along those lines. So tomorrow we'll know to be paying attention to those two contracts, but especially the end queue and how it's trading. The Russell 2000, the nice thing about its rally today is that it has actually gotten to a wave of bar number eight. So you can, it can, TD nine counts can form their tops on bar eight, nine or the bar following bar number nine. So whereas it didn't look like we were going to have the Russell 2000 participate in this TD nine count process. Well, that has now shifted. That has changed. That changed this morning out there. Now this has a couple more days. So this is only bar number eight. Tomorrow's bar price is going to need to close above the close of bar number five. Same thing as what we took a look at what bar number fives close was on the Russell 2000 was down at 2005 40. So note that on your pad of paper as well. Today, the Russell still needs to close above this level, this level being 2020 to 50 in order for bar number eight to actually complete out there. So that's what's going on. We take a look at the daily equity future contracts. Now, of course, when we get to topping patterns, what we look for is we look to the intraday charts out there. Those intraday charts, what we're looking for is we're looking at the short term timeframe charts to give us topping signals as well. And then we start looking for levels of support that are broken. We start seeing levels of support that are broken consistently. That's the sign that we do have a top for the daily timeframe. Again, we take a look at this set of charts here. These are a multi timeframe charts for the NQ. We're focusing on the NQ. Why? Well, because the NQ is one that's giving us that confirmed topping signal. We take a look at the five hour timeframe chart. The five hour timeframe chart has a rogment to indicator top. The only way that gets negated, it's been tested. The only way it gets negated is a close above 17 045 75 out there. We don't have that. Well, we do have a support. So the first key level of support from a pretty decent intraday timeframe chart five hours out there is 16 937. If price were to close, most 16 937, a key level of support will have failed. And that would signal move back to its breakout level. That's at 16 756. We take a look at the four hour timeframe chart. It has triggered wave number seven. It's not present on my system right now. I guess my updated probably. No, it doesn't even show. So it's but it has. Let me just pull this back just a tad. Yeah, so it has entered has entered bar number seven. It's got a rogment to indicator signal as well. Still no confirmed top there, but it is giving us a sign of a potential top. We take a look at the two hour timeframe chart. What do we have here when I open this up? Looks like it's TD nine count top may have been negated. Let me just never had the TD nine count top. It never formed an actual topping signal. All that would took place yesterday was price moved back and tested its bull structure profile support. That tells you how strong 69 63 is as a level of sport for the NQ. So it does have a rogment to indicator signal triggered. It needs a bearish reversal candle for the two hour timeframe in order to generate a topping pattern. Wave number seven on the 60 minute timeframe chart price is still above its oscillator and change line. So that says it's really a neutral signal at best and it's above the top of its profile levels only a close blow 16 969 at this stage of the game would suggest we could have a change in trend. That would signal price targeting the 16 924 level. We come back for this break. We'll finish looking at the NQ. We'll start taking a look at some of the requested have come in Gmail watch they could look at Microsoft Jimmy D. Envx BYON and CWH. Of course, I'd like to hear from you as well folks 877-927-6648 or Steve at TFN.com. Tigers test the season for leveling up your trading skills. Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar Wednesday, December 20th, 4pm to 5.30pm Eastern. Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024. This is a free webinar for all opening call subscribers. If you are not yet a subscriber, visit the front page of TFN.com today to secure your spot for Wednesday, December 20th. TFNN educating investors. 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. TFN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFN.com. Educating investors. Steve Rhodes 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 Rhodes 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 TFN.com and try Mastering Probability 30 days risk free today. TFN. Educating investors toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, so we're still taking the charts here for the NQ. Now we're going to go size down to the 10 minute and the 15 minute charts. The reason we are is because they're the ones that have got the topping pattern. So we can see that each of them form TD9 count tops. We take a look at the daily chart. If you go take a look at the upper left hand side, each of you that have listened to the show, you know how these topping patterns typically work out there. They don't always identify the top or the bottom, but when they are present, it certainly gets the hair on the back of your neck to stand up. So here's the TD9 count top on the 15 minute timeframe and the 10 minute. So what we can see here, and when looking at the 10 minute specifically, in fact, since it's the shorter timeframe, we can probably look at a five minute chart and see if we've got any kind of signal there. But here we can see that when you get a top, it works the same way on a intraday chart as it does on a daily timeframe chart. We're agnostic to timeframe that we're looking at. We're not agnostic to the instrument. All we need is the instruments, price, open, high, low, close, and a few tools out there, the Roadsman Dominicator signal, the TD9 counts, the Chapman Wave counts, assist us as well. Here what we can see is that when you get a top, all that is really authorizing sellers to do is push price back and test support. And here we can see that's exactly what transpired thus far. So if you were short the NQ and you were an intraday trader in a very short term timeframe, very short term lease, this is not a very bearish sign out there. Price is done exactly what it's supposed to do. Pull back, test support. Does it break through support? If it breaks through support, then we know we've got something to look at to the short side. If it doesn't break through support, well, support is held. That's what it's supposed to do. Now at this stage here, the signal for the 10 minute timeframe is neutral out there. But if it does close above the high of the day out there, then it tells you about for the 10 minute timeframe chart, a strong upward momentum move. Now the 15 minute timeframe chart as we look at it, it also has a TD9 count on top. It did not make it back to its oscillator and chains on that would have been our fallback position on the 10 minute chart of price it closed below the oscillator and change line. It has not done that. It does have a bowler structure profile. So there's two resistance levels in the NQ intraday. If you are trading this, the first is going to be the high of the day. The high of the day out here is at 17073. That's a TD9 count top for both the 10 and 15 minute timeframe. We take a look at the new profile that's formed. It's at 17063. Support would be between the 1701 and 1702 level out there for the NQ. So at this stage of the game, you've got some longer term potential topping signals out here, but we really need to see the short term levels fail. That's what we have. We take a look at the NQ. Now we come back, take a look at other equity future contracts and things of that sort and we'll be happy to do that. But why don't we do this first year? Why don't I start take a look at some of the requests that have come in and we'll at least get through those. And once we do that, then no, you know, before I do that, let me just do this here. Let me give you one last piece for some numbers for each of you that you could put down on your pad of paper since we've come this far together. And that's this. And now here is one of the one of the tools that's included in one form or another inside either the daily edition, the morning edition or the evening edition out there. And here what I'm showing now, I've kind of sized this down for show purposes here, but I've got that if you take a look along the left hand side, you see the different instruments in the categories. I've got the equity futures, which we've basically belabored at this stage, but I've got the index ETFs. I've got the equal weighted ETFs. I didn't put the one up for the Dow. I should got the sectors with inside the SB 500, the Magnificent Seven and the top weighted Dow stocks. The only thing that's not in that top weighted Dow stock would be Microsoft. I can't put two symbols on one column at the same time. So you just have to look up to Microsoft, but that would be your time. Now those top stocks inside the Dow represent more than 50 percent of its weighting. So I'm looking for here. I've just focused on the TD nine count since there are problem. Now all of this is as of last night's close out there. So we already have the star next to it tells you you've got a confirmed pattern out there in the case of the Dow. It's also confirmed pattern as of this morning out there, but here you can see you've got the spy, the Q's, the diamonds as well. You've got the equated ETF inside the QQEW with inside the sectors, the XLK. So it doesn't have a star here. What that's telling us is you've got bar number eight that completed, but bar eight was not the high of the pattern. So it's got to come today, a bar nine, or it has to come tomorrow. Otherwise it can still complete a TD nine count. It's just not one that generates a topping signal that you and I would be looking for. You have the same thing inside the industrials, inside the communication sector. You've got a TD nine count top as well. You can now hear what I've done. I've done this for you. I did this for subscribers this morning. We didn't have all of these instruments at that stage, but we were take a look at the progression. Kind of like a quarterback out here. So when you get the topping signal, then the most important thing is to understand where are support levels. We already discussed how oftentimes or most times the first level of support on the way down is going to be that oscillator and change line. So I've got that listed here as OUL target. That would be the target outside. So in the case of the NQ, it's trading at 17.050. That first target, the oscillator and change line, 16.840. You can see it changing second by second. So you use that as a guideline. Price closing below that, then it would be profile levels. Is it above the top of profile? Well, in this case here for the NQ, the answer to that is yes. So you go 16.847 would be one. A level of support, 16.372 is a second level. A third level, 16.088. The fourth level, 16.372. And then the final level would be where price broke out from inside the NQ. So you can go ahead and take a snapshot of this. That's how you would use mastering probabilities data with inside its newsletter to assist you with a individual trade. You may take a different trade than I would suggest. That's totally cool. That's the whole purpose of really writing the newsletter is to be able to educate you, provide you with the information, provide you with the data so that you can also take action on your own. So that's what's going on. Overall, we take a look at either the Mag7, the top Dow stocks, the sectors inside the S&P 500, and so on and so forth. Now, the reason I don't have the indices up here is because on the indices, I really don't have useful profile levels. So for the indices like the Dow, like the NASDAQ 100, we use the futures contract. But we can also use, or you can use, since you may not have access to that, you can also use the index ETFs to try to understand what is being communicated to you. The futures contract is better because we've got more hours of trading out there, and this is really all about pattern recognitions, about price discovery, and the patterns out there. So the more data, the better off that we are. Okay, so now let's go take a look at the request that began coming in this morning, the first one from G-Man, and he wants to take a good Microsoft. Happened to mention Microsoft, so we're going to go take a look at it. Now, what Microsoft is doing out here at G-Man, and we've discussed this here for really probably about the last week or so, nothing has changed just yet, and that is a good old-fashioned consolidation. And it's a consolidation in right now, in between the profile level. So that makes it even easier at support, and we know that it's been tested five times, at least five times or so. So the level of support, the area of support is 365 to 366. Now I'm rounding there, it's 365-16 to be exact, 366-76 to be exact. Price on my screen shows Microsoft trade at 374-29. It's actually trade at 374-77. Why is that important? Well, the importance there, G-Man, is that a price does close above the top of its profile. The top of its profile is up at the 374-75 level. Odds then would favor, it wants to make and move up to the next resistance area. What we just did here, when we took a look at that, a market analyzer and all those instruments, we went through the progression much like a quarterback might do, you know, if he's got a passing play or whatever the play might be out there, we go through steps of progression. Here, if price is able to close above the top of the profile, again that level in Microsoft is 374-75, then we look for the next level of resistance. Where is that, I ask you? The answer is very simple. It's at 378-25 as we speak right now. That's a green oscillator and chainsaw. We'll finish taking a look at Microsoft, we'll get back to this break, then ENVX, BYO and CWH and move. Oh, it looks like we got Napa, Napa Valley and SLCA. We'll be right back. Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024. This is a free webinar for all opening call subscribers. If you are not yet a subscriber, visit the front page of TFNN.com today to secure your spot for Wednesday, December 20th. TFNN, educating investors. The London OTC Market. The US Futures Market. And the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. There's live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free. 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And so the daily timeframe has a TD9 count of Rosemont to mitigate our top. Again, all it's really led to is a test of support, which it's supposed to do. So in essence, it's really bullish. But we can't call this bullish because we still have that top out there. So we're going to go more in kind of the neutral type sense, the sideways consolidation that's going on. On a weekly basis, as an example, G-Man, there is no top that's in place out here. Now, if priced this week by Friday, we're able to spike above this level here, this level being 384.30, then you could get a, you would get a TD9 count top for the weekly timeframe. Short of that inside the weekly chart, all you have is a consolidation with inside a profile. And we can also see G-Man that the push lower has always found support on the weekly chart, has found support of that green oscillator and change line. So it's bullish. It's absolutely bullish. And the monthly chart is super bullish. It's Uber bullish. Why? Well, the swing, it's taken out a couple of swing points. The first swing point that it took out was back in November of 2021. 509 million shares. What we was taking out was, was 564 million shares. Another swing point that formed out here in July of 2023. Now that had 666 million shares. So that swing was not taken out with volume out there, but that's not the swing point that I would use for a large A to B equal CD pattern to the upside. I would be using this swing point, the one from October of 2021, because there was enough of a pullback, in fact, a pullback on a monthly basis that formed a TD9 count bottom, right at its breakout level of support of 211.94. So it's such a large A to B equal CD pattern to the upside. There's no reason for me to put that in there. It's going to give us a price projection of somewhere around, I don't know, around 250 and top of 700, 6700 easily, something like that. So we're not going to do that at this stage of the game. We won't do that until the daily TD9 count roadsmen to Mindicator top gets taken out there. So that's what I see when I take a look at Microsoft in summary. You just have a good old fashion consolidation on the daily timeframe, the weekly, you've got some resistance and the monthly is saying, when you guys get your act together, I'm ready to run higher. And that's what the charts for Microsoft are telling us as of 11.33 in the morning. I do hope that that helps you out. The next request was to take a look at ENVX. So let's get over and take a look at it. And ENVX is trading at about, I'm going to tell you exactly where it's trading. So I get over to this chart here, ENVX. It's trading at my white background screen as it says 14.44, 14.35. Now what it's doing is it did complete a sell the D point pattern. We can see I've got that C to D leg. I gave us that price projection. We got close enough to it and we formed a bearer sash candle. That was on December 18, just a couple of days ago and that confirmed that sell the D point pattern. So you know the routine here. Now this happens to be one of the routines where the oscillator and change line is below the support of its daily profile. It's a bullet structure profile. So price is traded into today. ENVX Jimmy has traded into its buy zone. So it does have a top but it also has a buy zone that's been established by those profile levels. That's between 1368 and 1405. So the resistance level still has to be taken out. That's at the 1478 level. Excuse me. In order to negate it's sell the D point pattern. All right. So it's got to sell the D point. What do we have on a weekly chart? The weekly chart is going to form bar number eight of a TD nine count this week. Because that says you could see a top between this week and the next two out there. The monthly chart says I want to make a run for 2066. The reason it says I want to make a run for 2066 is because price is traded above the center of its bullet structured profile. That's at 1255. So again, we know it's not going to make a run to 2066 unless price takes out that sell the D point pattern and that would require a close above 1478. So the weekly says caution. The daily says I've got a sell signal. Right now you just have to watch how price deals with support. Again, between 1368 and then 1405 and any close below 1368 you know the next area of sport and that would be at 1331. And of course if that were to fail out there then you're talking about getting back to its breakout level and that's about a 50 percent haircut. Not exactly. But it would get us back to eight dollars and seventy six cents. I am not making this call that this is headed back to eight seventy six again as progression. It's about understanding where support and resistances as well as the patterns that we take a look at. So that's what we see. We take a look at ENBX. Hope that helps you out. Jamie had a couple more requests. One was for BYON. So let's get BYON up on our charts. Let's figure out what BYON is. I don't think I've ever looked at this stock chart. BYON helps me if I spell correctly. So what this is doing or what this has in store for it has two different topping signals that have been triggered today. Jimmy the first is a bar nine of a TD nine count and as long as price closes above and it should be able to do that as long as price today closes above twenty five oh six you will get a confirmed TD nine count top now that top may not take place till tomorrow. That's when the pattern completes. You can also see that it has entered wave number seven and wave number seven simply needs a lower high to confirm that pattern. It doesn't matter that we have two topping patterns. One is sufficient out there. So on our progression set of steps out there where's the first level of support exactly. It's at twenty four forty five. So you guess when you can read my charts by yourself by just popping them on the screen and looking at them. That's that's power. So that's the first level of support and then the price closed below that we know the next levels of support are twenty oh two eighteen fifty one seventeen seventy five and below that the breakout level of fifteen forty three. Even though it's got a topping signal it's still neutral. It's above profiles above the green oscillator change line. Now the weekly chart for beyond ink is going to form bar number seven. There's nothing bearish about it suggesting it wants to get up to thirty one seventy seven. In order for that to happen the TD nine count wave seven tops will have to get negated. The monthly chart says I'm running right up into resistance and resistance for it is the top of its profile. That's at twenty six eighty four. So you have twenty six eighty four is a resistance level. You've got a. You've got a wave seven and a TD nine count top likely to form. Today complete that pattern at least the TD nine count top by tomorrow. You should see a pullback out there. If the weekly chart is going to be correct price will find support at that twenty four forty five ish area and then move higher from there and negate the patterns and then we're back on our way. Towards that thirty one seventy seven levels that's what I see right now. Jimmy on a very short term basis by the way I didn't notice here my eye caught this roads but the indicator signal that could complete at twelve noon. Right now you've got a bearish reversal candle again same set of progression steps where's the oscillator and change line. Twenty five seventy six where support below that twenty five fifty eight followed by twenty five thirty three and finally twenty four fifty four. So hope that provided with the information you were looking for on beyond meat. Let's go take a look at C. W. H. out there. Let's finish this off. C. W. H. if we can do this before the break that happens to be camping world out there. So we take a look at camping world. What is it doing on this daily time frame. It's got a TD nine count top that farmed out here on December 14. Price has been traded with inside the body that camp. That's really kind of boss doesn't mean Jimmy that price won't pull back to wear. Stevie's oscillator and change line print that twenty five ninety eight below that you'd have supported twenty five fifteen and below that the breakout twenty eight. Seabroach with T. F. and A. Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy cake stats Tiger forex report. Teddy cake stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options. Teddy releases his weekly Tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the Euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the thirty year T bonds as they both influence forex markets tremendously when you sign up for the Tiger forex report you also gain instant access to Teddy sixty minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger forex report for all the details and to start your thirty day Tiger forex report subscription today visit the front page of TFNN.com TFNN educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci twenty four seven newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry on stocks you need to pay attention to and you can trust Larry's analysis after all he's got forty five years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a thirty day money back guarantee if you're not satisfied let us know and you'll get a full refund within thirty days of signing up subscribe to the Fibonacci twenty four seven newsletter today TFNN.com educating investors are China a shares hot or not if you trade China a shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI three hundred China a share bull and bear ETFs China a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three the prospectus or summary prospectus should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ we know the camping world I formed a TD nine count top out there that's led to a sideways move price trading with insiders profile still has really tested support either 25 15 or 25 98 weekly timeframe chart we don't see anything wrong with that and on a monthly basis what price is trying to do here Jimmy is get up to the 2937 level that is the top of its monthly profile out there I don't see anything else out here well let me take this back let me see do we look at the 30 minute chart can't recall we're going to we put this up on our screen yeah there's nothing here that's really helping us out so let's ignore that for the time being that's all I've got for camping world I do hope that that helps you out again just expect a bumpy ride at this stage until price can close above 28 05 out there Jimmy thank you so much for those three requests much appreciated Dan wants to take a look at the micron MU is the ticker symbol so we take a look at micron out here what do we know we know that it formed a roadsman to mitigate her top either that four days ago and that's when it formed that dark cloud cover candle out there we also know that a new profile formed that new profile has supported 79 99 we talked about price testing support when you form a top turns out today prices tested both those levels of support both the green oscillator and change on it 80 55 and the bottom of that profile it's 79 99 so what that tells stevie what that tells us what buyers and sellers out telling us is that that signal has now been neutralized why because the top has done its job and that job was to push back and test support now if it could have busted through support then we'd be looking at a move further lower where would that further lower move take us to now some people might just say let's go to that gap that does formed out there there's a gap that we have out here price gapped up to the upside let me get my cursor I can tell you what day that was there's a couple gaps out here but the one I'm referring to was from December 11 but what stevie would do and certainly we can look at that that gives us a range that range would be at 76 97 and 75 35 but what stevie would look at is I look at the weekly chart and I'd say okay the next area of support here on a weekly basis even though we don't have any kind of a top will be the oscillator and change line that's currently at 76 60 it gets us down in towards that gap area as well so but that's not that that's not the message we have at 1144 but it is a message to be looking at in case price were to break through that support level but that has not happened the monthly chart is suggesting that micron wants to make a move to 94 07 out there and that's the interesting thing really when we take a look at this because the semiconductor index let me see here let's do this the semiconductor index has not generated a topping pattern at least I don't think it has as of 1145 out here what I mean by that is that's going to be the very right hand chart you've only got bar number seven that makes the high today's going to complete in essence the TD 9 count pattern but we need to see a spike above that is the market going to top without the semis topping out here there's need to be equal CD pattern the upside that extends beyond the high of where we're at the other thing to be taking a look at the XLY by the way that's a discretionary sector that completed a TD 9 count top yesterday the price closes above that high which is 181.88 that negates that signal and in the case of the XLK in order to generate a TD 9 count top prices got a spike today or tomorrow above 192.80 it's hard for me to see the market really topping without those three things taking place out there at least two of those three things taking place out there so really when we took a look at the chart there Dano for Micron that's what took me over there was a take look at the semiconductor index really the micron chart is kind of saying the same kind of thing although we don't have a topping signal inside of the semis out there let's go Rose wants to take a look at SLCA I believe that is the silica the sand company out there US silica holdings been a long time since we've taken a look or I've taken a look at this so what do we have out here we've got a new profile that recently formed and prices consolidating with inside that Rose you've got a support level it's a very key support area it's a strong bullish support area that's between 1118 and 1129 the resistance level that prices try to take out today is up at 1161 we're actually trading 1157 right now so it could be you're just consolidating your silica is just consolidating with inside those profile levels if you do get a close above 1161 that would be a bullish outcome now that bullish outcome would then suggest price could be targeting the 1241 level 1241 is a TD 9 account breakdown area the weekly time frame chart says a stevo even if price can close above 1161 it's got resistance at 1178 and I would have to say Rose that the weekly chart is correct so even if you get above that you need to break or it needs to break it needs to close above 1178 to then suggest that it's rally on and rally on on the daily is 1241 on the weekly is between 1296 and 1369 and finally 1405 on a monthly time frame chart what silica holdings has done is pulled back into its bullish structure profile area that's between $10 at 1128 so that's what I see when I take a good silica you got a consolidation with inside profiles you need to see a close above 1178 to tell you once that make that move higher out there let's look at our next request that's from Napa N-A-P-A and Napa N-A-P-A is us for Dan inside the Tigers Den that is the Duckhorn portfolio now this is something Stevie can wrap his head around if we go take a look at Napa what this generated is a rose meant to indicator signal and to confirm that with a bullish hammer candle a couple days ago now what we have it looks like is an A to B equal CD pattern to the upside the B point out here that's the trading day of December 14th generated volume of one million shares now so far today you've done 164,000 shares in two hours of trading so price is not exactly not say price volume is pretty minimal compared to that swing point but nonetheless you close above that that's still going to trigger an A to B equal CD pattern to the upside for Napa out here so maybe it's not the Cabernet version it's the Merlot version of Duckhorn out there I do like the Duckhorn it's not my favorite Merlot but you know in a pinch if that's what you're going to drink I'd rather stick with those Italian Merlons I don't know about you but Stevie would prefer to stick with the Italian Merlons now this A to B equal CD pattern looks like it's just going to get us up into this gap the bottom of that gap level is up at the is down exactly 1004 area now on a weekly basis what Duckhorn portfolio could be triggering is a beautiful rogement of indicator bottom out there and if it does that what you should see here Dan his price go a row does for Dan should go target 1039 to 1075 and on a monthly basis you've got a TD9 count bottom that is going to complete this month so we like what we see here you got a confirmed bottoming on the daily you might get a confirmed bottoming on the weekly that comes on Friday and on the monthly chart you've got a TD9 count bottom we might have to put Napa on our list of stocks that should be owned out there thanks so much for taking a look at that Dan and bringing that to our attention let's go take a look at John C. wants to take a look at the rising volatility index out there and and that's a great question so I'm going to go ahead and change screens out here maybe change a couple of screens I don't think I get all this done before the break out there but I'll show you what he's really asking about first I believe and I'm going to get back to a chart here that will take a look at that and that is this chart here so here I'm going to show you a number of different instances where you can see where we have tops where you have price rising this is the S&P 500 that we're looking at the top if you look at the bottom you saw a rising bottoms pattern not a closing basis so I've got a few of those shown right here turns out that's a pattern that is in play right now that remains in play by the way unless we see a close below 1207 spot volatility right now is at 1234 we come back we'll finish taking a look at that and then we'll try to get the GDX and LBS real quickly for Hector and Nicholas you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Tigers Tiss the season for leveling up your trading skills Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar Wednesday December 20th 4 p.m. to 5 30 p.m. Eastern Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024 this is a free webinar for all opening call subscribers if you are not yet a subscriber visit the front page of tfnn.com today to secure your spot for Wednesday December 20th tfnn educating investors tfnn has just launched their new trading room the Tiger's Den hosted at Discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just $1 for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tiger's Den at Discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com John inside the Tiger's Den was really kind of reading my mind I think what I started doing yesterday John was I started taking a look at the instances when we had a rising spot follow Tillnex and we formed a top inside of the market in the S&P 500 specifically out here and what I found because there's plenty of other instances when we have a rising tops out here and so I can show you those but I don't want to do that because I only have about a minute and a half left so what I've started to identify is what was happening with the S&P 500 when do we actually see the top but turned out that that rising spot volatility index was when we actually formed topping signals inside the S&P 500 here back on the trading day of July 27th that was a roadsman Dominicator top we're now right now in the presence of forming ATD 9 count top if we pull this back further let me try to do that here some of these other tops so we took a look at here is a roadsman Dominicator top with rising spot follow Tillnex that's back on November the 20th we had another one wave number 7 top that formed out here this is back on January the 4th at the beginning of the year so I think that this is more pertinent right now the rising spot follow Tillnex and a reason for us to truly be on guard doesn't mean that it's going to turn into a top but certainly for us to be on guard okay real quickly with regard to the GDX Hector and Patty the GDX is just simply consolidating with inside his daily profiles you've got resistance up at the 3162 level and support it 3046 out there price needs to take out the B point of an A to B we'll see you the upside with more than 33 million shares that's a trading day of December 1st out there and finally with regard to Las Vegas Sands LBS this is ridiculous Las Vegas Sands has found resistance up at his TD 9 count breakdown level 4923 levels of support are 4771 below that 4674 out there folks thanks so much for joining me today please join me tomorrow 8 a.m. to 9 a.m. when I record the show I'll try to make it as pertinent as I can for the 11 and noon timeframe have a wonderful Wednesday we'll see you tomorrow take care