 of TFNN. The Trader's Edge with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the May 30th. The terrific Thursday 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. That's what most people do. Now, be a pioneer of your future, folks. Hope everyone out there is having a great day about what we make sure we have an extraordinary one. And of course, the easiest way to do that, it's to always remember that life, 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 in 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're going to go figure out as best as we can. What the bulls and the bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but more importantly than that, for this next hour, I'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648. If you can't dial in, we understand. We've got you covered. Go ahead and let those fingers do the walking. Send me an email, Steve at TFNN.com. Inside the subject heading, please put radio show question and in our Tiger's Den, well, any ping we'll do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to LUS Show right now that out 46 points. S&Ps up six. NASDAQ 100 up 23. Russell 2000 slightly read down 77 pennies. Semi-zer up eight points. NASDAQ. New York Stock Exchange 21. Wilshire up 48. Trannies are down 24. So we've got a bit of a mixed market. Spot volatility next down 56 pennies. Trading out at 17. 34. Still well above its 50-day exponential moving average. Gold trading right at about resistance on a weekly basis in that 1292 level, or 1291.80. Silver's up nine. Penny's Lightspeed crewed back a buck seven. Lead in the charts. The upside it is Viva Systems up nearly $19.00. Penumbra up nine. Dollar General up nine. Chipotle up nine. To the downside, PVH Corp down 13 bucks. Palo-Alo Networks up 13. Digi Mark down about 10. And so plenty to look at. Of course, we're going to go ahead and look at what you want to look at and what you want to look at. We've got a couple of requests already in. So we do have call ahead seating here. So let's go to our first call ahead seating. This is coming from Craig E. Craig says, greetings, Steve. Greetings to you. Would you take a look at toll, to TOL, toll brothers for me today seems to be approaching a prior swing point area. Thanks in advance. Well, you're welcome, Craig. So if we go take a look at what Craig is looking at here for toll brothers approaching a prior swing, let's pull this daily. So the prior swing, let's just expand the daily timeframe chart that Craig is referring to. He's referring to this swing. Let's put a yellow line across it along with price. Can we do that? Yes, we can. Here's the swing point I believe Craig is looking at, which is the swing point from the trading session of March the 20th. The high of that was 35, 45. The low was 34, 34. Now, first, we don't know where it's going to close today. That being toll brothers, but if it does close below 35, 45, Craig, and you're below a daily profile today, the bounce has found resistance at the bottom of that profile was 35, 74. The high today, the 35, 74. What this says volume or not once you close inside a swing point, you can go test the bottom of that swing point. If you're coming in with volume, you are more likely to than not. Now, the volume that you're referring to as 2.7 million shares on the 821, you're pulling back with light volume. I don't know other than what you pointed out what you're trying to do with toll brothers here as it comes to that swing point. I'm going to assume bad assumption, perhaps, that you're trying to buy toll brothers out here. So because of the price action today, if you're an aggressive trader, wait for this to test 34, 34, reject that level, do it on lighter volume, and then step in. The more conservative trader would say, well, that's interesting that today's high was the bottom of that daily profile, bullish in structure, nothing more bearish than a failed bullish pattern. It failed yesterday, it formed yesterday, and that would say, you know what, sit tight, sit tight, sit tight, wait for a close above 35, 74, unless we get some other clear signals. Is there another clear signal? Well, if we put up the daily timeframe chart using Stevie's other tools out here, we'll see that today is likely to be the TD setup eight count. That's different than Jay's eight ball that he's got for being able to project the future out here. But you've got count number eight is what it looks like of the nine count. You won't know if you have that a nine count until tomorrow. But the bottom, when somebody is moving lower, going to current days eight, nine to the day following. So you're in the rain. So I would be watching and I would wait for more signals, so to speak, than what you've got today. Now, the weekly chart doesn't look really that great, other than the fact that you've got support, which was at 34, 85. The low this week is 34, 95. So that's a little bit of a bonus, so to speak out there. But when I take a look at the weekly chart out here, not good trading below Stevie's green line at 36, 82. So, Craig, I think you need to just be a bit more patient. You may get that bottom signal. It could be today. I don't think it's today. Could be tomorrow, Friday. Maybe it's Monday. Or maybe it's not at all. But you do have toll brothers on a daily basis, pulling back into a swing point with light volume. But it's rejected a really key level of support, which is now resistance, that number 3574. Hope that helps you out. Thanks so much for writing in. Next question coming in from, from Sat. Sat. Good afternoon, Steve. Good afternoon to you. Can you take a look at F5? We did that yesterday and suggest an entry point. Last time we discussed, you said you can wait and I'm waiting to buy a few shares. Well, let's go take a look at F5 Networks. Maybe it wasn't F5, maybe it was something else that we looked at yesterday. Yeah, it was something else. I was thinking fire. I owe a nice job there spilling the water on my nice wood desk. That always, that always adds a nice shine to it. Sorry, folks, just doing a little bit of housekeeping here. You know, can't can't walk and chew gum at the same time. Wait, really? I can do that. What I can't do is drink water and speak at the same time. So F5 Networks, let's get right down to it here. F5. And the question is looking for a bottom, really a bottoming pattern out here. So if we take a look at F5 Networks, one of the things that we know is that it's not yet. It's not yet out here, Sat. You know, price is moving lower, doing less relative energy, no bullish reversal signaling yesterday, today pulling back under Stevie's red line. Nothing more bearish in a failed bullish, well, nothing more bearish in a falling price oscillator below zero. That's what you've got right now. You're in wave number five to the downside. I think the daily chart says you've got to be patient. The weekly chart says, boy, you've got to be patient. You're down below the bottom of its profile. You're also down below its breakout support level. That was the week of April 13. That low out there was 139.69. Should have held, didn't hold. Now this says this might be an A to B equal CD to the downside. That A to B equal CD pattern, just so you get a feel for what the price projection area is around 123.60. So I believe with regard to F5, you still need to be patient. Currently traded at 136.65. Steve Rhodes with TFNN. Dow's up 58. We'll be right back. Hey, I want your question too. So write in, call in, or just text me. The TAS profile scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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TFN has launched our brand new website. You can still visit us at the same TFN.com URL. But when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFN.com now and experience all the upgrades TFN.com educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. To watch us on Tiger TV, the screen you see in front of me is the Coffee Futures, the July Coffee Futures contract out there. John and Sarah Soda wanted some input on the ETF that emulates the coffee contracts out here, which is JO. And so in order to do that, what you and I are going to do is go take a look at the actual coffee contract. What we can't see here, John is prices over the daily profile right now above the weekly profile 3544 and not enough information in the monthly, no profile wise. It's too new of an ETF out there. But this says, say bullish mode daily and weekly. Excuse me. If we come over and take a look at the daily, whoa, time frame chart to try to give you a feel. Now, by the way, we're getting the same message here inside the actual July coffee contract. This week we can see that it does appear there's a change in trend out there, John. So being on the long side of this is the correct side of this. And when I say it looks like we're seeing a change of trend, let me just do this here for us. I'm going to turn off the daily profiles, because it's really the weekly profiles that are showing us the potential for the change in trend out here. See how we now have we may have. So you'll want to watch this tomorrow. The number is 100.68. But it appears that we're going to have a close above the top of a weekly profile. Coffee hasn't seen that since October of 2018 out there. So if coffee can the coffee contract and close above that would suggest to me a change in trend out. Where's price headed to most likely the next area is up in this 113 level, where to previously found some resistance. So you're 102. So you've got more movement to the upside, John. That's what I see when I take a look at Joe and the coffee contract. Let's go out to Denver and speak with Ron. Ron, thanks for calling. Thanks for holding. How are you? Hello, Steve. Thanks for taking my call. Sure. My pleasure. I bought calls Friday on Amron AMRM about 17 and a half. Cost me $1.38 and it go out to June 28. And I just wondered on this, this is a company involved in cholesterol and triglycerides. And what kind of rights, triglyceride, you know, that's triglycerides. Yeah, yep, yep, I got it. I got it. Yep. Okay. Yeah. My gal, I did it for a personal reason because my gal had to use this product and just it's amazing. It's a miracle. Oh, well, that's that's a should I tell you what it is? I mean, her triglycerides, she was really sick three weeks ago, you know, pancreas, I totally go to the hospital. And I, and I had looked up this company had been FDA approved for triglycerides supposed to bring down 50%. Okay, totally. She went to the doctor and asked for the drug. She's feeling she's feeling 100% better walking around her triglycerides dropped from 2330 to 233. Wow. Okay, good for her. That's a miracle. Good for you. Good for you. Yeah, so I look for her. But anyway, I bought calls from the company. And I just wonder what you would how it looks technically. Yeah, well, look, we're glad to hear about the the health of your partner out there. And as far as the health of the stock is concerned, you know, what it did yesterday, and let's just take a look at the daily time frame. And by the way, this thing has had a huge gap to the upside. So I don't know, you know, what they released in September of 2018 is a daily timeframe chart that we're looking at. But a huge gap because this went from the day before in the $3 range. And the very next day, the low was 951. So when they got their FDA approval on this drug. Yeah. But right now, what it looks like, what you'd like to see is right now, it's above resistance on a daily basis. And that's 1828. That's the top of that profile. It actually gapped up slightly yesterday, had volume of 20 million shares behind it. So it was actually a pretty decent volume day out there considering. And it looks like this may want to make a run, I don't know over what period of time, back to the top of this, what looks like a consolidation area, at least the top of it in the 23 range out here. The weekly says what you really want to see take place run by tomorrow, what you'd love to see is a close above the top of that box 1869. If it doesn't, does it mean, you know, it's, it's not, it's not going to work out. No, not necessarily. But but it would be another nice piece of information for you would be to see a weekly close above 1869. And then that says okay, then it should target the 23 level out there. So it's really the weekly timeframe chart, where this thing has really been consolidating a bit sideways here. For the last, since the end of April. So that that's what I see when I take a look what buyers and sellers are doing with the stock. Super. Okay, thank you very much. Appreciate it. Hey, you bet. And great story. Thanks so much for sharing that with us. That was Ron in Denver. And so folks, I guess if you if you do have that, I guess if you've got a triglyceride issue, why don't you do what Ron did? Look up the look up the stock Amarin Corp AMRN is the ticker symbol. So real quickly here, well, we got a couple minutes actually before we go to the next break. Let me just see if there's any other questions. No other questions at this date. So let's go back there with Jay and ask a question earlier in the show, which was to take a look at the market profiles. If we take a look at market profiles, here they are for you. Jay, nothing new out here, so to speak, the newest profile is the one that had formed inside the NQ but price closed below that level. So from a profile standpoint, I know you'll take a snapshot of this picture here. There's really no new information. The old information is right now we've got price trading below the daily and the weekly profiles out here. So not really what you and I would say is a good message. However, we have to take a look at the other charts like we did in the in the three minute top of the hour update out there, which is if we only relied upon profiles, we would do ourselves a disservice while Stevie will never. Did I say never? I actually meant never do you a disservice and not provide you with all of the information. And all the information means we've got to go take a look at the chart. I had mentioned the NQ out there, Jay. And if you take a look at the NQ, we've got two competing patterns. We have the potential for a bullish pattern here. So the market's trying to find a bottom because the move is lower. It's it's it's real. But it's it's not right now. It doesn't have the strength to actually push down there. That's like saying it's like saying, you know, you're working out and you do curls and so you do reps of 15 or 12 or whatever your reps might be, you know, and then your last series of reps and say you do I don't know with with each hand you do 30 pound something light like that. And then you know, you get to like your last set, maybe do 10 sets and you're like, I can't do 30 pounds. I'll do 20. And you and you and you make your goal while it was going down be then you'd be called a lightweight. Well, in in this case here, that's what we're kind of nicknaming the NQ right now. A lightweight as price pushed lower. Yes, it's real. But all that really needs to happen is the cavalry must arrive. Those are the bulls. The guys that check in at 930 in the cash market. Of course, these guys here, they're not checking in at six o'clock at night out here. But if we were to get a bullish reversal signal here, Jay, we'd say the bottom of the profile, it's a lagging type of an indicator, good indicator, but lagging. But right now, there's no bullish reversal signal. And even if this is a lightweight with regard to its curls, it's got its sights set on 7051 until the cavalry arrives. Seabroach with TFNN. Hope you're ready for that. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the home page of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. 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We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. Dow's up 34. S&P is up 5. We've got two requests for medals inside the Tigers Den. One from, I believe, Ruby wanted to take a look at Copper. We'll do that next. First thing we'll do is silver since I've got that up on my screen right now, or we'll hear momentarily. And what John was requesting was the market profiles for that. So, John, here you go in taking a look at the July contract for silver. The top of the daily box is $14.50. We're trading at $14.50 as we speak right now. I would say the real key level that you want to see, we've kind of had, not kind of, we've had today's bar and yesterday's bar were inside bars compared to the bar three days ago. To me, that's the high that's going to be most important for you. Forget about the daily profile. In other words, I'm suggesting that the high $14.61 is a price level that you need to see silver close above in order to give you some type of bottoming signal. That push lower, we talked about lightweight, so to speak, just kind of trying to come up with a metaphor to understand the roads momentum indicator signal price was also pushing lower. So, it was a lightweight, so to speak, on the move lower back on May 28th, but we don't have that bullish reversal signal. And that's why I'm suggesting a close above that May 28th level is going to be more important than the daily profile. If silver can get its mojo, then you've got a weekly profile, the bottom of which is held 1437, and you should then get a bounce either to 1483 or the top of the box 1517 out there. So, that's what I see when I take a look at high hoe silver out here. On the weekly basis, the plus here is that prices come back to support the breakout area. That breakout area being December of 2018. That's where the TD set up nine count. That's when silver actually topped out here. So, that's a plus at red solid line. And you can see, of course, this weekly basis formed that roads momentum indicated that lightweight signal, so to speak, that happened on this bull sash candle the week of December the 7th out there. And that led up to the highs of the $16 range. So, price on the weekly has really come back to a key level of support. So, things are looking okay, but just okay. I think just okay has been called. Let me see what the 30-minute chart here for silver looks like. Curious. So, you do like about this, is that earlier today, when I say earlier today, I'm referring to nine o'clock this morning and again at 1030, you had price take out a 30-minute resistance level. So, that's pretty nice out there. Again, so you've got an indication of a bottom, but you also have a Gertley cell pattern that is formed, right? You can see that you can just have to draw, just draw in the A to B equal CD. It's going to be something that looks like this give or take. And you can see it's done the one to one A to B equal CD. No bearish reversal signal yet, John. So, here you've got a couple of kind of competing patterns. So, on a 30-minute basis, an absolute Gertley cell pattern. It's just one that I say has not been confirmed. It's not been confirmed for really two reasons here on a 30-minute basis. That is because one, we don't have a bearish reversal candle. And then two, price is trading above Stevie's red line, which is 1447. So, that's what I see when I take a look at silver. Now, let's go take a look at Dr. Copper out here. Let's go see what Copper is doing. We're looking at the July contract here as well. Let me see if I can get that going on my other system. Nope, it didn't like that. I must not have the July contract out there. But that's okay. Let's take a look at this here. This is for Ruby. Ruby, you've got the one to two A to B equal CD to the downside. I'm going to go ahead and get rid of that. What we don't like is you're below a, you're below the daily profile out there, which is $2 and 66 cents. Today is not a bullish reversal candle. Yesterday was not a bullish reversal candle. And Dr. Copper is, let's go see, is it trading into the swing point? Really close. The swing point that it looks like it's eyeing is January 3rd. And that top of that was 2.633, the low today 2.636. I think Ruby got to be patient out here before trying to take a trade in Dr. Copper because, you know, price could always go seek out the bottom of that swing point from back in January. And that's at the 256th level out here. So that's what I see when I look at the shorter term timeframes 300, 120, 30, there's not anything significant that I see here. So I hope that, I hope that helps you out when it comes to what are the traders, what are bulls and bears doing when it comes to Dr. Copper. All right. So no questions, no other questions. There was a question in the den that I've overlooked it. Please retype that in for me. Oh, I see Phil's got a question here. So Phil is asking, oh no, what happened? Oh, Phil is just writing in about what happened with Amron. Phil, on my phone, I cannot make this out. Sorry. Now it's just top line results from Vasepa, Cardiovascular Outcomes Trial. So I don't know if that's the same drug that we were talking about earlier with Ron or not, but that's what happened. So, hey Phil, it's always great to have tigers and tigers at your back. It's just the print out there is so small I can't read it on my phone. You can sort of see it out there. Really hard to read, but thanks. And I might as well show you the back of the phone too, although probably I can't use that much this year, right? Go Finns. Maybe that's for years to follow. Okay, so all the questions I believe we've gotten to. So the question for me is, well, what are we going to do? What are we going to do with the rest of our time? What are we going to do? What are we going to do? What's Stevie doing? What Stevie is doing or watching? I'm watching so one of the things I've been working on today is trying to the markets typically have these beautiful flows to them. And it's just up to you and I to be able to try to identify them. Now, one of the, this is a, by the way, this is the NQ. And it's the NQ, the Dow, even the Russell 2000 that I'm spending most of my time and trying to understand where do we get the highest probability of either the countertrend rally, any countertrend rallies, or where we've seen a change in trend take place. And these green lines out here, these, I've turned off everything except for the lines. You're only seeing green lines, which are resistance levels out here. And when price closes over resistance, it tells you that, okay, either something is cracked like it did back here in the February December timeframe. It wasn't the 240 minute chart, though, that gave us our signals. It was a shorter term timeframe chart, but what I always like to see is I was like to see, okay, these, the resistance levels get set up, price takes it out. Sometimes resistance, old resistance becomes new support when you take a look at where my cursor is at out here. And so now what we can see is you can see these resistance levels on this 240 minute timeframe chart out here. And you can see the one that most recently formed. That's right up here at this price point. Was it about two o'clock in the afternoon? The date, I believe, was yesterday. It was, uh, no, it's two days ago and the high was 73, 63, 25. 73, 63, 25. Now, the tomorrow show that I'm doing is going to be at 8 o'clock, 8 to 9. So tune in live. But if we see, or if you wake up in the morning and the price is above that level out there, you've got a change in trend on Friday, May 31st. It happened today, but we're not dealing with that as we speak right down. If you're in the C.D. market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. 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From all aspects of the markets, including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page, TFNN.com, educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times, bull and bear ETFs. Visit DirectionInvestments.com slash Biotech 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 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV for the latest market information. Folks, so Tucker mentioned something to the den about Lightsweed Crude and Tucker, here's a 30 minute chart for Lightsweed Crude. And so I know you've listened in and so forth. And if you take a look at when Lightsweed Crude formed a top this evening or this morning, it was at 4 a.m. And as it was doing that at 4 a.m., at 4 a.m. on a 30 minute basis, it was the nine consecutive close above a close for bars earlier. And that set up that TD set up nine count. Oftentimes, not always, but at bars eight, nine or the bar following nine is when we can see highs or lows out there. And in this case here, it certainly worked. Now, the other benefit of that Tucker was that it sets out the breakout area. So each time these red lines are the breakout areas, the green lines are the breakdown levels out here. And by 6 30 this morning, what we saw was a close below that breakout level, right? So when something breaks out, ideally, if you're trying to buy it, you'd like to be able to buy it where it broke out because the assumption there is that support should hold. Those traders that were involved with helping to push price up were part of that breakout. When price gets back to that breakout level, it should hold. That's the theory. So when price closes below that, what it tells me, if we just step back, we take a look, we read information. It says they're not there. If those buyers aren't there on the breakout level, all of a sudden you close below breakout price should continue to move lower. Now, in this case here, you can forget about the green lines because what you look for is the next breakout level. Well, that next breakout level is in essence where price is broken through during this 1.30 to 2 o'clock session. That breakout level was right here. This started, by the way, the breakout level 1 o'clock in the afternoon on May 29. That price point was 57.33, so price is trading below that. Now, the question is, where is price headed to? We're down below a level where it broke out, but this looks like in this next 30 minutes here as this 2 o'clock bar comes to a close, you're going to get to bar number 8. That means bar number 9 by 230, bar following 9 at 3 o'clock. So it's possible, Tucker, if you were one that was short, light, sweet, crude, and you were trading into a day, you really should start paying attention between 2 and 3 o'clock this afternoon and watch price as it, as long as it's making a lower close below the bar 4 bars earlier out there. And this is how, so this is in the essences, not in essence, it's exactly the same tool that you and I just looked at as we were going to break inside the NQ, just a different time frame and one where I'm looking for levels of where resistance is held in essence. So I'm scanning multiple time frame charts, even time frame, so we don't normally look at to see if I can find the rhythm, the rhythm of the markets out there. So that's what's going on. We take a look at light, sweet, crude, just thought I would put that out there because, Tucker, you can use that. You can use that set of tools to help you understand why something is doing what it's doing out there, albeit that was just a short term time frame, but we could put it on any time frame and really get the same type of information out here. So John and Sarasota said, hey, I was disconnected if you give me the short redux of Joe. It's really simple out here. Coffee is broken above the top of its daily and weekly profiles. It's really the weekly profiles that you were cut off. Let me give you that number. Give me a second to put the coffee back up on the screen and because we want you to have this information. The level you're watching for as far as a close tomorrow that you'd like to see inside of the coffee contract, more so than Joe, the ETF, is a coffee contract close above 100.68 you're at 102.20. Close above that is a real indication of a change in trend out there, John. In essence, that's what we took a look at and I hope that that helps you out. Now, Ruby's saying the coffee reached an all-time high in April 1977. Broke a load who starts with okay, just providing some additional information out there. Jimmy Dean in Sausage out here would like to take a look at NVIDIA. So if we go take a look at NVIDIA we look at the three different time frames NVDA out here and what is it that you're looking for? Thoughts and levels of NVIDIA if you have time stalking for an entry on this decline bottom fishing candidate. Okay, so let's go great question and NVIDIA. Let's clear the deck so to speak. Let's look at the daily, weekly and monthly time frame. Now, you really don't like to see this Jimmy. The month comes to an end tomorrow. The bottom of the monthly profile in the center of the monthly profile each are 141.29 or 138.78 closing below that not really good. Now maybe price is going to target the point of control on a quarterly basis 134.69 or maybe what it's really going to do is target the bottom of the quarterly the quarterly profile 114.93 114.93 now let's take a look at the daily charts Stevie's other tools well today is going to be day number nine of its TD set up nine count as TD set up counts doesn't give a rats anything with regard to what the task market profile levels are so here we've got really more of a advanced warning indicator out here so so you know it's possible Tucker tomorrow or the next day Friday I could be it now look if you don't get any kind of bullish reversal signal out here don't don't don't come near this at this stage but it could be today or tomorrow so I wouldn't I wouldn't go near it as we speak right now that's the daily time frame shows the potential right the weekly though shows you know trouble in river city trouble in river city says hey I want to go back and go back to the December bottom out here and maybe take it out maybe take it out out here so yeah NVIDIA's had a a nice pullback a big pullback but broken through levels of support out here and so for bottom fishing we really want to we really want to try and look at look at how this made a top out here that roads will meant to indicator signal from a monthly basis right back here in October of last year 2018 and the breakout area by the way in a monthly basis comes all the way back to this bar right here May 2017 and that low is 102 31 so 102 31 really may be longer term where it's targeting it could find a bottom you know so watch not really today so much it could find a bottom perhaps tomorrow which would really mean more so Monday but I think you got to be careful here because of what the bigger picture is as we speak at the moment so I hope that helps you out as you go bottom fishing out here and that's really about buying bottoms right you know the worst possible advice anybody could ever give you or anyone out there is to sell high and buy low you talk about truly useless a useless how did that phrase which is so useless absolutely useless become part of normal talk you know you want to buy bottoms and sell tops buy low no you got to find the bottom and that's what that's what that's what Jimmy is trying to do here and that's why you want to pay attention to that TD setup nine count or roads went to mitigator top hey take a look at NVIDIA on the daily basis what did it do form both of them those are tops since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold next big run pass you by sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Niko our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics oil based vitamins minerals fatty and amino 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chart out here we've taken a look at these levels a couple different times during the different segments out here but those of you that are familiar with the show you know that we look at these all the time by the way speaking of all the time tomorrow's show is going to be recorded it'll be live from 8 to 9 a.m you can tune in you can do the same way you tune in you can watch the Tiger TV you can you know listen on your device out there certainly I'd love to see in the den and would love to get questions that I can answer for you I'll make the show as I always do as pertinent as I can for the 1 to 2 o'clock hour if you can't catch that here we take a look at these support and resistance levels these breakout and breakdowns I'm only showing you the last two meaning the red lines our support that's the breakout level when something breaks out do you like to see price come back to that breakout level to give you the buy if you are short-term trader of 30 year treasuries that's exactly what took place at 3 30 and 4 o'clock this morning and then price went ahead moved higher and created what created that TV set up nine count there's your ninth bar out there price moves lower and moves lower where right into that breakout area next and now where we're watching to see is can the 30 year treasury take out resistance resistance not being the high resistance being the candle session from 1 30 in the afternoon yesterday and that high is 152 and 31 30 seconds out there so this is how support resistance right now we know prices up near resistance on the 30 minute treasury bond so folks thanks so much for being here I know we've got a great show lined up for you while David is on vacation from two to three and of course Tom O'Brien to take us home from three to five I'll be back with you tomorrow live from eight to nine recorded on Memorex from one to two so have a terrific Thursday a thirsty Thursday and I'll see you on fabulous Friday take care