 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good afternoon folks. Welcome to the April 12th a terrific Tuesday Edition of today's Traders Zed show. I'm your host TV 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. Hey, let's make sure we have an extraordinary One of the easiest way to do that is to always remember that life is happening for us not to us That's right. We do not make that one little two-by-four shift means we can find a gift in every set of circumstance That life is gonna toss at us now today You and I will 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 just passed one O'clock in the afternoon. 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 60 minutes I'm here to serve you so feel free to pick up that phone You can dial on in at 877-927-6648 if you can't dial in we've got you covered there, too You can send me an email send it to Steve at tfnn.com But send it early, please and in the subject heading if you'd be kind enough to put radio show question Of course in our Tigers then well any and every ping will do so let's go ahead and get this show started on Terrific Tuesday, of course, this is Tiger Financial News Network I've Steve Rhodes welcome to let's show right now get all the US indices trading the upside the Dow's up 106 points Three tenths of a cent S&P up four tenths or 18 Nasdaq 106 tenths or 87 Russell 2001 and a quarter percent 24 points semis one and a quarter percent 38 points Trendy's up a half percent 74 points golds up 28 bucks Silver's up 78 cents likes we crude 651 National gas up 6 cents 30 or Treasuries up but only 17 ticks right now trade out a 142 19 lead the charge Otherwise, you got a Amazon of 46 bucks booking holdings 42 Mercado Libre 25 genius group up 21 and Tesla's up 18 to the downside BioRat laboratories two or three tenths percent 13 points thermo Fisher scientific down 11 bucks nearly 2% I dex labs off 10 bucks or 2% Carmack's 7 bucks 7% Dan her corp off 2 and a half percent or 7 bucks and change let's begin by taking a look at Well, we we already were you each of you those of you that have listened to show Long enough know that yesterday gave you one of those signals one of those signals that we would see a bouncer a bottom What are those signals? Those are the signals by these blue arrows here Those are what we have one day rates of change above a plus 10% level yesterday's I believe was about 13% Does it matter to the extent of the percentage above plus 10? It does not it just matters whether it's above plus 10% And if it is then you're going to expect or anticipate a Overnight or perhaps a bounce that starts in the morning You're going to expect them what you're looking for there is you're looking for a pattern now The preferred pattern is the roads momentum indicator signal and the reason why that's the preferred pattern Let me go ahead and switch charts is because that pattern identifies when a market is stretched So you're looking for the biggest potential bounce out there bounce to bottom We don't we never know which one it's going to be and so that's the pattern that gives you that best stretch And what we're really focused on here is just the ES many spot ball totics Just dealing with the S&P 500 in this in our case here the ES mini for the overnight pattern that we're looking at So as we take a look at the ES mini this formed at 130 it confirmed a roads momentum indicator Bottom it had already confirmed a TD 9 count at 1230 in the evening and then it was off to the races now off to the races actually took us first We had a TD 9 count that topped On Barton a bar falling bar number 9 that took place at 6 o'clock this morning Then we saw sideways move up until the release of the CPI data at 8 30 And then I went ahead negated that signal went ahead and made another TD 9 count top right at breakdown resistance 44 65 25 now what we have here is we have price trading below support Both the green oscillator and change line and on 30 minute the bottom of its profile Which is 44 29 now this candle session doesn't end for 20 more minutes But you've already got two consecutive bars that are below the bottom of that profile This suggests that we should see the ES mini pullback even further in this price target should be 4405 That is the breakout level for the 30 minute timeframe for the ES mini We look at the other equity future contracts out here We'll see no real topping signal in the NQ meaning a topping pattern The topping pattern that was really being controlled by the ES and the Russell 2000 so the Russell 2000 creates a TD 9 count top It does that at 10 30 in its case price is still consolidated with inside its profile below the green Oster and change line We would not be surprised to see him move back to 1993 60 a price were to close below 1993 60 Then we're looking for a move down to 1976 60 that is its breakout level in the case of the Dow Don't really have a topping signal per se it does show roads meant to mitigate her signal But no various reversal candle to confirm that pattern of price just consolidating with inside its profile out there So you got two instruments the YM the Dow the R2 Y the Russell Consolidating with inside their 30 minute profiles the ES NQ are suggesting lower price And that will remain the case unless we see price close above that green oscillator and change line in the case of the ES mini that's at the but the 44 31 level and inside the NQ. It's at the 14 1 15 area now That's what the daily or the intraday charts are suggesting to us So they the signal that came from the spot ball till next last night at four o'clock that pattern is done and complete out There the bounces and it's been a been a healthy bounce. I was surprised to get all the way up to that second level Nonetheless that it did now when it got up that second level. What does that do to the daily time frame charge? You know, that's an excellent question. So let's go find out what it's the messages of the a daily time frame charts for the equity future contracts and Momentarily, you'll see the yes men in the upper left-hand corner now in its case today is going to become bar number eight Now bottoms can't form on bar number eight of a TD nine count It still need bar number nine to complete in order for bar number nine to complete That's assuming today completes bar number eight Tomorrow you would need to see a close below 44 95 The price were to close above that it will the pattern will disappear It doesn't negate the pattern the pattern just simply vanishes. You wouldn't have a bottom signal same real game plan here in the NQ Today's going to be bar number seven. So you could get a TD nine So you could get a TD nine count bottom inside the ES the NQ Between today and Thursday out here in the case of the Dow would be between a day between today and tomorrow But today is really key session for the Dow equity future contract today is going to become bar Well may become bar number nine. Why do I say may because price has to close below 34? 361 we're 34 3 we just did 34 361 just as I said that talk about being able to track something in your life How does that work? But here's the deal those of you that are bulls are thinking of buying this bottom out here What you really want to see is you do not want to see the Dow equity future contract perform Well, you want this to close below 34 361 why because then you would get bar number nine and then you might have the bottoming signal It takes place between today and Thursday with the ES NQ needing to still get their ninth bar, and that would be tomorrow And then we could potentially be off to the races the danger sign here comes from the Russell 2000 The danger is that if we take a look at its oscillator and change line which change colors Three four bars ago typically we don't see that level get tested Until we get a valid bottoming signal, which we have not gotten inside the Russell 2000 Well, I probably could take that back There's an A to B equal CD to the downside that we'd be confirmed with today's bullish and golf full sash candle But here's the point. I really wanted to make price Nick price rejected that red oscillator and change line at 2028 So the Russell is signaling to you and I right now as long as price not close above that line That it still wants lower price lower price could be all the way down the bottom of consolidation or could be just making a TD Nincombe see roads with TF and N. We'll be back in just a few 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 TFNN 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 TFNN educating investors What's separating you from the most successful men and women on Wall Street? 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Let's get to a couple of questions that have come in phone lines are open by the way 877-927 6 648 first question coming in from Hector and Patty and Hector and Patty right and happy taco two for Tuesday Please give us thoughts on the XLF as bank earnings begin tomorrow in addition the XLE update any thoughts there Thanks Hector and Patty. Let's begin by taking a look at the XLE. So we know here Is the XLE is on a strong tear on a monthly basis it negated its TD 9 count pattern It negated that back in January of 2022. You can see the price is up at a prior resistance level of 79 11 That's a TD 9 count breakdown area. Of course, it's a monthly chart It's only the 12th But right now things look pretty promising and are signaling to us Hector and Patty The price wants to make a run for the highs out here from back in January of 2014 That's what the monthly chart is communicating to us We take a look at the weekly chart the weekly chart negated its TD 9 count top. I Did that several weeks ago And this is only in bar number seven that suggests that it wants to continue to move higher It too is taking out a TD 9 count breakdown resistance level at 70 38 36 So the weekly and the monthly look very good. What's going on on the shorter term basis? I mean in the daily time frame chart while the daily chart you need to see a close above 80 22 80 22 is the TD 9 count top was bar number 8 was wave number 7 and if price can close above that Then you'll have the daily line up with the weekly line up with the monthly and it's off to the races to the upside We don't have that signal just yet We do really from the weekly and the monthly, but we don't have that from the daily time frame Interday there's not really a whole lot else for me to provide to you. So that's our take 80 22 is really going to be your key number when it comes to the X Le Let's go ahead and see if I can get this thing to populate here with the XLF I've got a number of windows that are open. So This will be interesting to see just how long it takes but we take a look at the XLF while we're waiting for that to populate Let me get that going on my other background screens. You're a trainee right now at 3770 and 3770 Hector and Patty takes us with inside its daily profile and so we will begin there The daily profile got supported 3749 resistance at 3850. I'll just simply expand this out We'll start from the daily if we take a look at any kind of bottoming patterns on this move lower The answer is we don't have one at least we don't have one just yet. Come on expand expand Expand it's not expanding Why is that? That's a stumper for Stevie geez I can move the I can move the darn thing. What the heck Try one more time All right, we won't try it. So I'm just going to try to narrate it Hopefully you can see it what you really are looking for here. Oh, there we go. So now it's going to do it What you're really looking for here Hector and Patty Well, number one at a minimum you've got to see a close above that red oscillator and change line That's currently printed at 3793 It really preferred to see by tomorrow price spike below bar number six bar number six is all the way down at or the low of that bar is 3698 if we're to do that then you could get a TD 9 cone today's going to become bar number nine I take that back Today's close suggesting you're not even have a TD 9 cone and maybe this is native equal CD to downside the XLF Because in order for today's bar to form bar number nine, you've got to get a close below 3755 and you're at 30 swell you're 3768 so it's doable But you've got to see the XLF close lower to maintain the TD 9 count and even if you do get bar number nine today It still has to spike below that bar number six out there. So I don't have the warm fuzzies here at least for the daily time frame for the XLF the XLF on a weekly basis and Solidating with inside his profile between 3608 and 40 21 You've got a TD 9 count. I've got some roads meant to mitigate her top on the monthly time frame So the monthly's got a top but it's neutral signal because price is above the top of its profile Consolidating inside the weekly time frame. The daily is questionable So I don't think the XLF is ready for prime time now Maybe it is maybe your names will change that picture But as we can take a look at the charts right now, that is not the signals or the signal that we are getting Hector and Patty so I do hope that helps you out. Thanks much for taking the time to write in the next questions comes from Alton and Alton writes in it says hey Steve, thanks for looking at UNG It has had a tremendous run the last month or so Do you see any topping signals or shall it continue going higher have a great day? Well, so to answer that question you and G the first thing you've got to understand is which contracts Which natural gas contracts that is are make up the UNG? I don't know the answer to that I know that one of the contracts is certainly going to be the May contract But it very likely is a rolling over to June right now I'm just simply going to take a look at the May contract for natural gas for you What do we know about the May contract? Well, let's start with the larger time frame Larger time frame is a monthly time frame the monthly time frame here. This is a continuous contract We can see that prices above a the highs out here from February of 2014 That suggests that it wants to continue to run higher We do not have any kind of topping signal on a monthly chart as we look at the weekly chart You're only in bar number seven. That's going to complete this week So no topping signal here that suggests that we should continue to see higher prices That is a signal that you're getting from the daily time frame chart the daily time frame chart had a TD 9 count top That pattern was negated with yesterday's close because price closed above the high of bar number one That tells you you have a strong momentum move to the upside Alton So there is no reason to jettison your position the fact that you're in it kudos to you I would stay in that position. We take a look at some short-term time frame charts out here We are seeing sides of price pulling back 30 minutes Just got a consolidation side is profile the 60 minute a roadsman to indicator top price could not saying it will But it could get back to 650 roadsman to indicator top on the two-hour chart 6.27 is its target roadsmen to indicator top on the 240 642 is its target out there and that's basically all that we've got so the daily weekly and monthly Look like they want to continue higher the interday charts wouldn't be surprised to see it pull back just a tad So I do hope that helps you out There's one more chart here that we go take a look at we'll switch over to my black background screens The ones that are going to pop up or not. We're going to look at we're actually going to go to the natural gas Table that I've got the longer-term chart son So if you give me a moment, we'll populate that in this instance here for whatever reason It's a good reason. I just can't tell you what that reason is Is the AMA contract is populating enough for me to get back into the 2010 area? And I have no idea how this did it but it did do it So the cool thing here is we can see that price above the 615 level. Those are the highs out here from back in 2013 and now that suggests a price you go target around the 803 level The point here is there's no topping signal now You could get a if you got a bearish reversal came on a weekly basis that would change things But we don't have that as we speak right now Alton at 125 in the afternoon on April the 12th So again kudos to you for that trade. I would definitely stay with it out there Let's see if we've got any other requests out here We've got one from David H in Panama City and David wants to take a look at LRC X I might have that already. Let's say I think we looked at that yesterday So I'm going to go to my radio charts and hope that it's still there. Is it there? It is not nice going stevo. So let's do this here We get LRC X going on some other charts As long as we're on the black background, I'm gonna go to my three panel chart. Let's see what we have going on out here I believe that is lamb research LRC X And it is so I think we discussed That it was would be more ideal if lamb research could get down and test and reject the swing point from March 14th Which is 46606 hasn't done that today, but I'll get those other charts up on our screen And we'll go take a look at lamb research and we get back to this break for David in Panama City Fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our Tfnn hosts live during their shows Interact with other Tigers and Tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers and risk free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and Tiger TV and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you whether you're into trading gold Metals futures currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including guardleaf ABC's butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna 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 Back folks all us in the C straight in the upside dows up 105 s and p is 16 slight change in game plan here We have call ahead seating that means we're gonna go out to Bob in Denver Bob. Thanks for calling. Thanks for holding How are you doing today? Great. It's Ron. Oh, it's wrong. Thank you. Thank you. I would be able to Sorry about that. I think the other guys in the production I'm calling about Nordic American trust and it ran up there I got out of 285 on a third of the position Okay, and I wanted to get back in I missed it this morning and I just wondered What I'd like to buy I'd like to get back in plus more shares, you know, they're they're leasing their Ships they used to get 10,000 a day now They're getting over 50,000 a day on their oil ships. Sure and their cost is 8,000 a day So I What what Nordic American tankers has done a couple of days ago really yesterday confirmed a TD 9 count top It was the bar front really confirmed a TD 9 count top and roads meant to Mendicator top now What price did today is it pull so when you get a topping pattern? What we look for is for price to pull back to levels of support in this case right now We're on at 131 in the afternoon two levels of sport have been tested two levels of support have been rejected That's a bullish sign what that but because we have a top that's in place. It's signal For the daily timeframe is neutral The first potential buy point was it about 246 price got down to I think about 247 this morning out here No, God actually the 246 and 246 is the value of the oscillator and change on as we speak right now 255 is the top of the daily profile prices trading at 260 So those are your two levels of support that were rejected out there And that may have been the place for you to add to your position Hard to say because we're really in a neutral position and we won't get out of that until price takes out the highs Run any question about the daily timeframe before I take a look at any of the other time frames No, thank you very much. It makes sense. Okay. Okay. Yeah, so let's look at the week I think so if it gets back around 255, maybe I'll add some then Yeah, well, let's see the weekly is to take a look at the other time frame charts are the weekly Nothing nothing there that sticks out at us that we have to be concerned about Monthly chart nothing that sticks out of us to be concerned about so I'm just gonna look at the intraday chart So interestingly enough on an intraday time period This went ahead in top with a rogment and indicator top was a shooting star Candle that had formed out there and then what price did during the day today was a pullback at 10 o'clock right to the breakout level And that was at 254 So now what you're not your charts aren't showing on mine. Oh really? Okay. Yeah, must have been a slight delay. Sorry about that Maybe you're watching on tiger tv tiger tv might have a slight delay round for one dollar You can be a member of the tiger's den and you'll get those charts And I think they've been even at higher quality out there just something to consider But the chart that you are looking at is a 30 minute time frame chart Creates a valid top and pulls all the way back to its breakout level So now that the oscillator and chains line had changed colors. The question is here's what you'll be looking for It lets us say that this is only a a So on a bounce from here If this is only a counter trend bounce Price would find resistance between 269 and 271 So you're really looking for price to get above 271 to give you a signal that okay Maybe you can go ahead and add to your position. If not, we could see lower price out there Support us help. I don't have any signal suggests We're going to get to lower price just yet But I also don't have any signal to say that we're going to get the higher price does that make any sense kind of like it does I So I'll have to watch and see if it either breaks out above 271, which means Uh, I can say with it Yeah, but if it drops off a little bit I can I I think I will add to it. I like this story long term Sure. So here's how you'd play it. Here's how you would play it If price pulls back you've gotta say you've got an order hanging out of 246 247 somewhere around there that adds to your position You're already into money. Uh, you said you already got you already took off a good portion of the trade here And I would say a price, you know I would say a price closer below 240 just to come up with a value out there. I'd probably jettison that position Um, and especially the the portion that you added Because that would be signaling to us that nordic american tankers could easily pull back to 214 Or even more easily pull back to 193 to 188 out there. So Okay, the signals as we speak right now run are neutral and that makes it a little bit difficult to And I was hoping that we would see something different on an interday chart with price pulling back to a level of support I was looking to see something on the interday chart So we don't see that and that just says we just need more information or we just have to be cautious here So you still hold some position. You had it. You had a nice profit I'd just be watching this uh this 246 ish type area and uh, see see how things play out Super Thank you very much for your information your help appreciate that My pleasure and and thanks for letting me call you bob for the uh for the day But we won't we won't get that wrong next time. I hope thanks ron. Oh, he's good dear. Okay. Thank you, sir You bet that was ron in denver now. Let's go back to uh lamb research lrcx Uh, david was way to with baited breath out there. So let me get the uh, what screen so I have up Yeah, the black background screen. So lrcx. Let's populate this Strategic pause to get a swig of water technical term out there Swig that is And uh, oh, this is necessary to get off of that question son of a gun Where'd it go? My apology. Give me just a moment here. What the heck? I must have accidentally deleted No question. Well, I know it's about lamb research So I'm just going to give you my take on lamb research and see what it's doing And here we here we go lamb research should form a bottom today And it's on the bar following bar number nine The last bottom out here in lamb research was the bar following bar number nine on march the 14 Price is pulling back into that swing point. I believe it's with lighter volume We're going to confirm that here right this very moment and the volume today is 752 Thousand shares going against 1.6 million shares. So yeah, it's pulling back with light volume What we don't have is a test rejection of that swing point Which either be the top or the bottom of swing point. We're still inside it. So What do you want to do from here? Look, you could go ahead. What I would do is You want to take a trade here? I'd go ahead and enter that trade now I certainly your stop needs to be at least you got to do the proper position sizing But even with the proper position sizing was going to have a stop well below The low of march 14. I would close out that trade if price closed below that that is 46606 That's coming from the daily chart the weekly chart out here Does it have any reason for us to get into a position right now? The answer is it does not other than price pulling back and testing this breakout level 473 32 So that's the only reason to take a trade there. Which is a valid reason It's just we'd prefer to see a better configuration. What do you mean by that steve? We don't like that two weeks ago price test and reject that red oscillator and change line And it also closed below. It's bullish structured weekly profile out there So those are things we don't like to see what is a larger term chart The monthly says I've got a roadsman indicator top and I want to head lower By heading lower it says over time not tomorrow not the next day says wants to get to 267 10 out here So you've got the fight between the daily and the weekly they both can be right The daily can just simply go ahead and give us some type of a bounce Where would that bounce take us to that bounce could easily take us to 545 44 And which would be a nice trade you're at 476 right now Real quickly on the interday charts out here. What do you have? You got the beginning of a bottom on a 30 minute chart roadsman to indicator signal same thing on the 65 Well, that was a 60 Same thing on 120 you got a td9 count out there. So it is definitely trying to form a bottom out there I do hope that helps you out. Sorry for deleting the message out there and we'll be right back Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg Tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com. 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We got one question in the hopper here. This one's coming from sat P and sat writes in as a bitcoin Is on count nine actually it's on count number eight bar number eight out there But please suggest entry levels for bito, which is an etf for bitcoin also Please suggest the entry levels for starbucks. So you're on bar number eight of a td9 count You still need bar number nine to complete tomorrow It's a likely outcome and price is pulling back to its breakout level of 38 9 20 So you want to wait until you get that confirmation? So tomorrow would be the appropriate time and of course what we want to see is Something similar to what we already have going on a 30 minute time frame chart Got a bottoming pattern price ran up to resistance That was his breakdown level 45 50 and then basically it gave it up. So it's just kind of consolidating sideways Could today be the bottom it could but we're not getting the type of signal that we would like on that So instead why don't you wait at least for tomorrow? Remember the td9 count bottom conform bars nine to the bar following nine eight nine to the bar following nine out there Last td9 count bottom was on bar number nine that was on february 24th So sat on this one i'm going to say just sit on this one just for another day or two And let's take a look at it tomorrow or take a look at it on thursday your next request was to take a look at starbucks So as we take a look at starbucks out here s bux is the ticker symbol you got Howard schultz back in the saddle again. I guess you have to type in the right symbol there And as we take a look at starbucks right now trading out at 80 54 It is below its daily weekly a monthly profile level So it doesn't look like they're having a big party over there But let's go see if we can find a bottoming signal you're asking for an entry Price we first have to find a bottoming pattern. We don't have that now In the caves of starbucks it did form back on february the 24th or march 14th. I take that Did form a bottom on march 14th I was bar td9 count bottom You're on bar number seven today price is pulling back into that level So what you'd like to see is another td9 count form the earliest that would take place is tomorrow So it would be between wednesday and friday So look to see if we do get that td9 count out here We're in some narrow range bars as we speak right now But wait for the pattern to form and then we can come back and take a look at where is the bottom A price out there and what you would be doing is you look at interday time periods So no entry points right now and the reason is because we don't see a bottom signal anything That's worthy enough for you to step into a trade as we speak right now Price is pulling back into that swing point from march the 14th Which had about 19 million 18.2 to be exact and you're pulling in with 4.6 today So we like that setup But let's go look at the weekly chart because you're trained below weekly and monthly profile So we need to understand those as well. Let's go take a look at those I somehow negated that but let's go take a look at it the weekly chart So what you like about this is it's triggered A roadsman to indicator signal now what you like about that is you want to see some type of bullish Reversal candle which would say, you know, maybe next week or the week after and most certainly you need to see a Close above its red oscillator and change line currently printed at 8807 To give you the all clear signal the monthly chart out here What does this tell us for starbucks? It formed a roadsman to indicator top You're going to form bar number eight, but you still have to spike. So this is really suggesting Sat that you might you might be sitting your hands here for a little while with regard to starbucks. You might be This is week and what i'm saying here is really next week Might be ideal now with that line up with the daily Bar number seven today is tuesday 8 9 10 so your ones By friday would be the 7 8 9. Yeah. Oh, it could be monday Yeah, so you could on monday. So that'd be nice because what you'd like to see is you would like to see You would like to see some type of bullish reversal candle confirm a roadsman to indicator bottom For the daily for the weekly time frame out there and on the monthly That's what we're looking at you'd like to see this poke below the lows of last week Because then that not this week you'd like to see it do it next week because that would then trigger a TD a potential TD 9 count bottom on the monthly time frame out there So it'd be nice to get a monthly signal for a bottom get a weekly signal for a bottom And then that daily and then need to be off to the races out there So I think that's what you want to do. You want to be patient with starbucks out there I hope that information helped you out. Thanks so much for writing and we'll look forward to reviewing these with you In the next couple of days or so. I believe that is all the questions I don't think there's anything inside the tiger's den If there was a question inside the tiger's den and you had written that in if you would be kind enough to rewrite that Inform me that would be great. But otherwise I don't see anything And someone wants to take a look at cal cal is a ticker symbol. You got it. So we'll go take a look at cal First, let's go see what cal is cal that is Calaris ink and calaris ink is trading above the top of its daily profile That's good. It's taken on a prior swing point. The prior swing point is taken on was march 16th The volume there was uh 488 000 shares or 192 so you're taking on a swing point with light volume What's that mean? I mean, you really'd like to clear that in order to suggest that you're headed to higher ground Consolidate inside the weekly profile consolidated inside the monthly profile Why didn't that pop up on my screen? cal Stevie's having a little bit of problems here with the white background screens I thought I had done what I needed to do. We're just going to have to wait for this And the questions are cal Steve cal Steve's charts and comments on cal have a position at 20 some august call options looking at Suggest entry point. Well right now Jimmy you're just dealing with price trying to take out that resistance level Again 1.5 million shares. You only have 192 000 shares as we speak right now So you've got a test rejection. That's why we really want to see what else is going on in those daily charts here for uh cal And uh, do we see anything of significance? We don't so If you want to add to your position Since it's unable to bust out the highs at least it appears so far Levels of support are between our 2002 And 2065 that's from the daily time frame chart. So those would be the places to add to your position You're already in at 20. So this would be pulling back to that 20 level out there at price We're to close below that you'd be looking at 1908 weekly time frame chart for cal Well on a weekly basis, this is struggling with its red oscillator and change line Which has been unable to close above So this is going to be really important to you jimmy on a weekly basis If cal on a weekly basis can close above 2110 that's going to be a positive That's going to be a real positive. It's not a guarantee, but it's a real positive You can see how the oscillator and change line is acted as resistance Now that positive would then say your next battle would be a 2210 and your next battle above that would be a 2425 So you're really looking you know for the weekly to prove itself to you short term I've just got the 30 minute time frame chart. You have erodesment to mitigate our top Short term this suggests that we should see price pull back to 21 2089 or 2079 So that's what the short term time frame charts are telling us The daily tells us no volume as it takes on that swing point expect some type of retracement That's what the intraday charts are communicating to us So I hope that that helps you out with regard to what cal is doing And uh, and if there's any other information that you need just please let me know You like white background chart good very helpful. You're patient on it. Perfect. Okay, excellent So, uh, what we got about 20 seconds before we go to a break. Let me just check see if there's any other requests Oh my goodness. What do we have? Well, we've got a couple out here um Let me see this one is on Nvidia well, it usually comes in from eddie nvda and eddie is actually one of the people wrote in but he wasn't asking about nvda This time he was asking about the euro. So you got nvda out here. Let me see uh nvda Is there any kind of td9 come through anything up? Let me see what we've got a daily time frame chart here Go ahead pop plate. So today is going to be a td9 count bottom Signal out here that says we've got to watch today's low because if price gets below that It says it's headed lower out there. 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I don't know see if we see lower price But I do know is at this stage here Well, we don't see is any kind of short term confirmation of a bottom to match up with the daily time frame So I hope that helps you out jt. Thanks much for writing in We're going to finish out the show with eddie and voca rittone And any questions here for the most part are dealing with the euro and some of what I shared with Oh with viewers when I did the segment on tom show yesterday with basil out there So I have just about 30 45 seconds out here and I just want to cover I guess a couple of things The first thing is the u.s. Dollar index because when I shared this information with with eddie He was surprised and I think if he surprised many other people are surprised out there You know, you hear all his gold commercials, you know dollar down gold up It don't listen to those guys because they're full of everything you could possibly imagine dollar down gold up The dollar bottomed in 2011 this is a quarterly time frame chart for the u.s. Dollar index and the u.s. Dollar index right now Is headed higher it's up above all kind of profiles out here And all it needs to do is headed for the highs from january. That's up at the 103 56 level if we can take that out It's headed to 109 47 Is gold higher than where it was in 2011 that would be my question to you out there The real issue here with regard to the general markets and eddie We'll talk about this tomorrow just to have enough time today Is really with regard to what's going on inside of the euro and if the euro cracks 105 Close them below 105 We will see a gigantic move to the upside in the u.s. Stock market out here. That's what I was saying yesterday Tomorrow we could talk about it further folks. Stay tuned your favorite polar bears up next time. Well, bro I'll take us home. Have a terrific tuesday