 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the September 20th, the magical Monday 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. Hey, let's make sure we have an extraordinary one and 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 can make that one little two-by-four shift. Well, it means we can find the gift in every set of circumstances that life is going to toss at us. Now, today, you and I, we're going to go check out 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, 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 877-927-6648. If you can't dial in, we've got you covered. You can go ahead and send me an email. Send it to Steve at TFNN.com inside this subject heading. Please put radio show questioning in our Tiger's Den. Any ping will do. So let's go ahead and get this show started on magical, magnificent, marvelous Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to less show. And I've got all the US indices trading lower, the Dow's down 827 points, the S&P 100, NASDAQ 423, Russell 75, Semi's off 120. A good route to the downside. Spot volatility is up by 32% right now. She's trading at 27.62. The XAE was off about $2 while Gold is up 12. Silver is down 13 pennies. Light's recruit is off $1.65. The 30-year Treasury up up 1 and 17.32. Straight out at 165.22. Lead the charge dollar-wise to the upside. You've got Merati Therapeutics up 8 bucks. 4.5%. Brooks Automation, 6 bucks. Over 6%. The Dessa Biotech, 4%. 70%. ATF Pharmaceuticals, 3. Bucks, 13%. And CGN, Inc., 3%. 2%. Expoints to the downside, dollar-wise it is Amazon up 126 bucks. 3.6%. Hats percent. Mercado, Libre, down 82. That's over 4%. Shopify down nearly 5%. Or 71. Google's off 72. 2.5%. 2.5% there. Chipotle down 39%. Or a couple percent. Of course, I want to take a look at what you want to look at. No requests so far. So let's just go take a look at the... I take that back. We do have requests. We're going to go to that request first. This one's coming in from Hector. And the fuel injectors. Hector wants to take a look at... At... And Newmont Mining. So let me just get a... Well, let's just do this. Let's do a couple of things. Let's see at this. Go in here. Newmont Mining and EM. So let's get that in the white background charts. I'm going to go over... Give me just a moment here, folks. You won't see this taking place on your screen. But I'm going to my eight-panel chart here for Hector. And I'm going to get the Newmont symbol in there. So as we take a look at... But first, let's read the question. Newmont Mining is looking like it still has lots of momentum to the downside. We want to load up on Newmont Mining for a good 30, 45-day pop. To the top side, Newmont Mining is your favorite gold miner. Do we wait until we reverse the candle or jump in right here, right now? So as we take a look at Newmont, I'd have to say you're jumping... If you were jumping in now, it could be too early. And the reason is, first, it's at the low of the day. It's down below its prior set of swing points out here. There is an A to B equal CD pattern to the downside. Let's see. Was that passed? It doesn't matter whether it's passed with volume or not, but there were about 5.5 million shares. And when that was passed, it was with 8 million shares. So there's a confirmed one-to-one that could take you down into the 5103 area. Price is below the bottom of its weekly profiles out here. It is below the center of its bearish structured monthly profile. There's a possibility of support. I mean, I certainly see... I believe what you're looking at, Hector. And that is, folks, if we take a look at the trading day as an example, back on June the 1st as price would be down into this level, 51 million shares. Shoot, you're pulling back today with only 5 million shares. Now, that low has not been tested. That low, Hector, that's, again, the trading session of June 1st is 52.33. So that would be something to keep an eye on. But what we're going to do is we're going to shift over... There's nothing else really here in the black background charts for you and I to take a look at. So let's shift over and take a look at our 8th panel screen out here. In our 8th panel screen, we're really going to take a look at what's going on, well, for all those timeframes, but certainly intraday. And intraday starts on the bottom right. And that's where we'll start. That's where the 15-minute timeframe chart here. What I would share with you, Hector, is you'd need at least to see a close of about 54.30 to suggest some kind of a further rally. Is that a bottom? I'd say don't know. 30-minute timeframe chart. I don't have a bottoming, completed bottoming pattern out here. Both reversal candle, or this could create a TD9 count bottom. It could do that between now, let's say between 1 and 2.30. It has to have a lower low during that time period on those 30-minute bars, at least on just one of those 30-minute bars. 65-minute chart, no bottom signal. 130, no bottom signal. 195, no bottom signal. Daily timeframe price is moving lower, doing less relative energy. So if you did get a bullish reversal candle there, that would be your signal of a completed pattern. And then if price can clear, the oscillator and change line, Hector, that's currently printing at 55.66. That would say it moved to 57.09, 57.43, and then 58.44. Those last three were your battleground levels. Those were profile areas that price would need to contend with. Bar number seven on a weekly basis. If we expand Newmont mining out here, the next breakout area is at 38.25. And I don't have a signal to suggest that price is going to get down there. So we're looking at A to B equal CD, just to summarize it. I'm at 51 level. Bar number seven, you could get a TD9 count bottom. Between tomorrow and Thursday. I believe that would be its signal out there. The oscillator and change line changed colors recently. Forget a bottoming signal here. You should at least see a price move up to that level. So get the monthly chart out here. I don't have anything on the monthly chart to assist us with. So Hector, I'm going to suggest that you don't load up the truck right now. You wait for some type of confirmation. I think you may be on to something. What do you mean, Stevo? Well, let's go take a look at Goldilocks. Stay on this set of panels out here. Because if Hector was going to load up on Newmont mining, he would also be saying that he has identified and spotted a bottom in Gold. Because the two, it's going to work better if the two are working in the same direction. So we've got Gold that's trading up. It was like about 8, 9, 10 bucks, 11 bucks, something like that a few minutes ago. And if you take a look at the daily timeframe chart out here. So we know that Gold has an A to B equal CD to the downside. I'm going to get rid of this set of lines out here. That's not the ones I was looking at. It was these lines over here, these little blue lines. Remember on this white background set of packages, I don't have the A to B equal CD to a built in. That's okay. So I just used some diagonal lines. You can do the same thing on your system. Just copy the first one and make sure you make the first one and copy that over and start the C to D point. So in this case here, we're more than a one to one A to B equal CD to the downside. This could create a Gartley by pattern. And the way that creates a Gartley by pattern is you would see some type of bullish reversal candle. Well, the bullish reversal candle, the Western version is actually in right now. And that is a key reversal bar. So you've got your A to B equal CD that helps us to say that the market or this specific instrument is extended Gold. And the prior days low and high have been exceeded. As long as we see a green bar today, one penny above the open, that is a key reversal bar. So it's giving us a signal Hector, but we get back to this break. Let's go take a look those interday time period charts and see if price has cleared those levels it needs to to confirm the potential bottom of a Gartley by pattern inside of Gold. Steve Rhodes with TFN. We'll be right back. 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. 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TFNN, educating investors. 727-6648, internationally at 727-873-7618. Welcome back, folks. So we're taking a look at the gold contract. We've confirmed that on a daily time frame, chart number two in the upper right-hand corner from the right, that we've got a key reversal session as we speak at 1.18 in the afternoon assuming that that holds up at day's end. It will hold up as long as there is a close one take above today's open. That would be your key reversal burden. We've confirmed the Gartley buy pattern. So if we're going to get a bottom in anything, or a top in anything, so in this case here we're talking about a bottom, what we would look for is we'd look for key levels of resistance to fail. I'm going to start with the 30-minute time frame chart out here and on the 30-minute time frame chart, although I don't have a bottoming pattern per se out here, what we do see is that what Price was able to do on the bounce here this morning is get up to the 1765 level. 1765 is a very key TD-9 breakdown level. Now look, on a 30-minute basis, Price did close above that area. It did at 11 o'clock this morning. But you know, Steve's got that two-bar confirmation deal. We don't like those one-hit wonders. Not that we don't. Those are some great songs out there. It's just they're never able to produce anything else. So we like two consecutive bars. Now Price found that level and tested and rejected it, but Price also pulled back to test what? The oscillator and change lines. So we're really in neutral territory here. But Hector, if you did see two consecutive close on a 30-minute basis above 1765-10, I could even understand your idea of wanting to get into Newmont mining or some mining stocks out there because that would certainly be the signal coming from this. So I want to make sure that I give Hector the proper analysis of what's going on inside the gold market in Newmont mining. Now that really means we probably should take a look at the GDX details. I know that Mike wanted to take a look, I believe, at the GDX. And we are going to do that for sure. We might as well be thorough. But if we take a look at the 61-20, the 240, and the five-hour time frame chart, now there you see Roadsman to Mindicator signals all over the place. So that's a signal that buyers are trying to form a bottom. The question is, can they? Will they out here? Well, in the case, so another level to be watching is 1766. What did I say it was on the, I think it was the same thing on the 30 minute, 1765, yeah. So 1766 is really going to be your nut. If price can close above that, what we should see, at least as a further rally, rally to wear, the 1797, 1830, 1808, those would be the three target levels to be looking at. So, you know what, we'll do JP Morgan in just a few minutes. Let me just, as long as we're in the gold area, the mining area, let me just finish this off properly. And so there's a question about silver as well. So whereas gold has a nice bottoming signal, silver does not. And I'm looking at the daily time frame. So if you take a look here, I'll just expand this chart out. And on the daily time frame, you can see price moving lower to a less relative energy, only bar number seven. But here what we need to see in silver, Mike, is some type of bullish reversal candle to be able to confirm that bottom pattern out there. So silver is, now I can see a couple of intraday bottoming signals out here, but nothing that has really taken off. Now, let's take a look at the GDX. We'll go do that by taking a look at the multi-time frame charts out here. And in the case of the GDX, what you'd like to see is you'd like to see the index form of bottom. Then go take a look at the individual equity, see which one had held up the best, and maybe split your investment into those positions versus the actual GDX. But if you're looking, and if you're asking, is there a bottom in GDX? The answer is no. If we got a bullish reversal candle, then the answer would be yes. So to finish this off, we'll do it this way. And this way means with the right way. And this means, oh, that's if I do have it open. Because if I don't have it open, it'll take too much time to populate. Oh, Stevie has it open. Okay. So everything in life, folks, it's happening for us, not to us. Now, let's change the charts out here, not that those screens, that screen that you were looking at was not, those were instruments inside the GDX. But this is the more weighted side of the GDX. And so if you're going to see the ETF itself, the sector turn, we should see it happen here. So new mountain mining, we've already covered that with Hector. We don't see a bottom there. We have inside of Randgold, G-O-L-G, the ticker subarricle, that is, the ticker symbol out here. This is going to be bar number eight today. We know that bottoms can form on bar number eight of a TD9 count. And we have a key reversal session. So that confirms the Rogemindicator signal, as long as it has one tick, closed one tick higher than the open. So that looks good. So Hector, I'd rather see you invest in G-O-L-G than NEM at this stage. Franco Navada has a confirmed Rogemindicator bottom with its key reversal bar. So I'd throw that out there as another potential, you know, we're looking for stocks here, going through the GDX, looking for anything that's identified at bottom. Ignico Eagle is in the bar following bar number nine. What we love about the TD9 count is we'll know tomorrow and on the next day, whether or not this is the, this is a bottom four because the price closed below today's low, whatever that is, that says no more momentum moves to the downside out there. So that's what we're looking at. We take a look at the entire metals market. The only thing that we need to perhaps do, the final piece of the puzzle, would be take a look at the US dollar index. So why don't we do that just to finish this off? The PS date resistance, does Stevie have that open? He does. So let's go change the charts out here. Now, we take a look at the US dollar index. And one of the reasons to take a look at this chart here is because if I just simply provided you with the read on the US dollar index, we're going to miss a lot. And what I mean about that is these are the currency pairs that make up the US dollar index. The Euro is the heaviest weighted. 57%, I believe, but don't hold me to that percentage. But it's somewhere around 57%. Now, we can see that the Euro topped with a TD9 count pattern. Today is going to be bar number 9 of a TD9 count. When it topped, it was the bar following bar number 9. The breakout level is 1.1692. So the Euro is sending a signal to us that it should, not a guarantee that it will, but it does have the bottoming patterns that are out there, either today or tomorrow, we should see a bottom there. And if that forms above that 116 level, that's a strong TD9 count bottoming signal. We don't have a TD9 count topping signal in the US dollar index, the inverse of that because it's made up of these other currency pairs. But it's certainly the US dollar index because of the weighting inside the Euro would be driven. Stevo, you just gave me a whole blank load. Yeah, you got it. Blank load of information. So summarize it for me. OK, you've got the gold contract that right now is confirming a Gertley by pattern, a buy the D point. You have the Euro that's confirming a TD9 count out here suggesting that it should move higher in the US dollar index would pull back lower out there. And so that is what we're looking at. And we have a few instruments inside the GDX that have also generated those bottoming signals. So that's what we're looking at out here. We'll have more information. Certainly tomorrow, of course, G Stevo, I know you needed me to tell you we'll have more information tomorrow. Shoot, we'll have more information in about 30 seconds from now. But in any event, that would be the summary as we take the gold, silver, not providing us with great signals, or maybe it is. Maybe it's saying, hey, be careful in that mining sector. I don't know. It just doesn't have the bottoming signal that you and I would be looking for. So we've got a caller on the line. And it's Brent in California. Let's go to Brent real quickly before we go to break. Brent, thanks for calling. Thanks for holding. How are you? I'm doing great, Steve. How are you? Very good. So we're going to talk about the spotball utility index when we come back to this break. Tell us what you're looking at and how I can best help you. I had Friday being a day where it was greater than 10% rate of change. Yes. And then, of course, today is quite a bit more than that. We're like 30% percent. So I just wanted to get your thoughts on what that might pretend for the market and your work. That was my question. Excellent. So we're going to go answer that question for Brent and you as well as soon as we get back to this break in just about three minutes. So stick with us, folks. Thanks so much for joining us. Steve Rhodes with TFNN. We'll be back in just a few. You having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. 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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 around the line with Brent in Martinez, California, we're going to take a look at the Spotball utility. At least that will be one of the instruments that we take a look at. And as Brent noticed on Friday, the Spotball utility set a one-day rate of change as we went into their close by 11.34%. Typically when we have in other, so what's noted on this chart here, Brent and everybody else, the blue arrows are identifying one-day rates of change above plus 10%. And when we get that, we typically see a bouncer bottom on the very next session. It's typically, years ago, it used to be eight hours, two days. But over the last couple of years, it's typically been one day. In this case here, clearly not one day out there. So we've set that up as the I guess is the overview. And anything more specific, Brent, before I segue into something else here with regard to Spotball utility, but anything else, you know, specifically maybe what is your question about the Spotball utility index today? I just want to know if there's anything near work that, because we have had this second day that is, you know, receiving it by quite a large margin. If there's been anything that is transpired when that happens, typically. Sure. So if we take a look at what the ESMINI is doing, it's testing the bottom of its weekly profile. That's at 4312 and we've hit a load today at 4312.50. It really was 4312. Bottom of the weekly is really 4312.50 as well. It says 40 cents on my screen, but it doesn't trade to that level. So there's a level of support that has held. Assuming that there's not a gigantic rally and we get a one day rate of change in the Spotball Texas, right now it's about what 28% as long as days above 10%, we still would expect and anticipate some kind of rally. Now what we like to do is we like to see a level of support, daily, weekly, monthly type of support being hit at the same time that the intraday charts are showing us some type of signal for a bottom. So let's switch over to those charts. In the bottom I'm referring to folks would be inside the ESMINI. So we're going to switch over to those charts and you're going to see this our quad chart, the upper left-hand side is the monthly chart. Its level of support, by the way, would be 4230. So if red price does not hold 4312, for whatever the reason, I would expect price to make its way to the 4230 level. That's the weekly oscillator and change line. On a weekly basis, if 4320 did not hold, then the weekly chart would be signaling 4126. Obviously if it's going to get back there, price is going to close below this 4312 level. And on the daily time frame, so this is if price close below the bottom of its weekly profile folks, the daily then says, so these red horizontal lines going across our screen, 4426, 4355, those are breakout areas. Typically when you get below one breakout level, you go to the next. So this could be signaling to us a move to the 4196. I know I'm throwing out different numbers to you, but that's because we're looking at different time frame charts and each chart is going to have a different message. The message as an example for the 30-minute time frame chart right now is that it is attempted, as it has many times during the overnight session, during the early morning hours, to try to form bottom. Several rogement and indicator signals that have formed. There was a TD9 count that formed at 6.30 this morning, but price never was able to clear resistance levels. Resistance would have been at about the 4384 and certainly 4393 level out here. So now we've got, as of one o'clock, we have a rogement and another rogement and indicator bottom signal. What the candle that you like to see, which is a bullish hammer candle. So as price is pulling back to that weekly level of support, the intraday chart or the 30-minute chart is doing what it's supposed to, which is show us that it's trying to form a bottom. However, what's going to be that confirmation? Well, we're only at 4323 right now. Another 40 points higher. That's a pretty big move out there, two grand. 40 points higher is where price would need to close above Brent. That's at 4367 to suggest that we may have a change in trend and some real bounce unfolding. A move above and the target would be 4393. Now, whether or not price can get over that target or not, I don't know. But the first level if for anybody that is an aggressive style trader, the first level that you've got to see at least one close and I would say two closes above would be that oscillator and change line. I mean, Brent, look at how this has really contained most of the rallies, not all of the rallies. That's why I also throw out here what we can see is we haven't seen levels of resistance fail in quite some time. We haven't seen levels of resistance fail since 830 on Friday morning. Otherwise, and I'm really referring to the tops of these profiles, and that's why that 4367 level. So, Brent, before I take look at any other charts, because I know that was a mouthful out there, any questions so far? That's very helpful, Stephen. It shows it pretty clearly what's been happening. I appreciate that. Okay, perfect. So, at the same time, the 30-minute chart is trying to form a bottom, hasn't confirmed that to us yet in any inkling. The two-hour chart is in bar number 8 of a TD-9 count. The four-hour chart is forming bar number 9 of a TD-9 count. This bar here in the 240 completes at 2 p.m. Wait, wait, wait. I could have that wrong. Let me just make sure. I'll give out. Yeah, 2 p.m. So that bar, so we're going to have a TD-9 count pattern on the 240-minute chart, a lower, low conform, the bar number 8, which can be the bottom on a 120-minute time frame chart, and I don't have any other intraday signals. So three of the five that we look at are signaling to us. They're certainly making that attempt. But I would wait for the 30-minute chart. The first place I'd like to see it close above is 4327. That would be above 4342. And then the real work will be cut out for it, Brent, and that's between 4358 and 4367, because that's the current profile that exists, and that's a bare-structured profile. So how about that? That's very helpful, Steve. I guess what I'm trying to get at is, was this enough of a washout here that, I mean, it looked like we can't at least get a bounce out of it. I just didn't know if maybe you had other stuff, and they looked at like the advanced decline line on certain, I think it's on the NYA or whatever, there's certain things you look at that give indicators that maybe these things have gotten, you know, there's enough of a little panic in the market that it might set up a bounce. Absolutely. So it's an excellent point. So Brent is helping us kind of follow along step-by-step to, you know, just to give us an overview of the markets, because I know it's easy for us to look at the market action, see that right now today prices are down, you know, two to three percent out there, and just assume it's just going to continue to be a white wash to the downside. And it may be, but it would have to violate the patterns that Brent identified, which was, hey, what's the advanced decline oscillator doing for the New York Stock Exchange? And that is a chart that we're looking at right now. And folks, if you do track this, you can do it on your own if you've got the advanced decline data. The oscillator, which is panel number two, is nothing more than taking the advanced decline line day-by-day data and taking a look at the difference between the 39 and 19 period exponential moving average. Now, when that tool, that indicator, that ratio gets down below minus 150, that's when the New York Stock Exchange gets into the oversold level. Two minus 250 is in the extreme area and if we go take, right now we're at minus 186, we don't know what the end of day reading will be, but let's assume this is the end of day, and let's just go back and take a look at other time periods when prices gotten below this area. So this could be a healthy bounce. So that's why paying attention to the ES out here and looking for those bottom signals and, you know, it's really important and can't price take out resistance. Why could this turn out to be a very healthy bounce? Well, because it has in the past. So the last bottom that we had and price gets below the minus 150 advanced decline oscillator even was back on August 19th. That was a bottom. We get back to this break here, we'll stay on with Brent, we'll go back, we'll continue looking at this for example, July 19th that had gotten down to minus 295. That was a nice bottom. Remember, I think we really have a consolidation pattern here folks that is underway inside the market. Steve Rhodes with TMN, we'll be back in just a few with Brent in California. We'll be back in just a few minutes. We'll be back in just a few minutes. We'll give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at tfnn.com for only $37.50. Sign up for Dave's newsletter, the technology insider and get an inside look at everything the technology sector has to offer. Try it risk free today with our 30 day money back guarantee. Tfnn. Educating investors. Don't forget. You can listen to Tfnn live on your mobile device. We'll be back in just a few minutes. Thank you. Welcome back folks. We're looking at the New York Stock Exchange. We're really focused on the advanced decline oscillator and that reading is down below the minus 150 level. So it's in the extreme oversold and Brent, how I put this together is I make myself aware of where that reading is at to then say, okay, what kind of bottoming signals do we have on the interday charts in the futures contracts because we're looking at the on the interday charts in the futures contracts because that would really then be the signal that okay, we're getting ready to have some type of bounce or bottom pattern in there and so I know you don't have or likely don't have any questions about this. I'm going to just quickly move over and just to finish this off here with you is take a look at what's going on on the four 30 minute timeframe charge for the equity future contract. So we saw the yes many, you know, we can see price testing that important oscillator and change line level. You've got a hammer candle down below on the Dow. That's good. That's generating roadsman to indicator signal price. Got to close up 33 731. The Russell 2000 is already doing its magic forms a roadsman to indicator signal. The current bar which closes in another 17 minutes is already above the oscillator and change line of pricing. Get above 2170 40. That should take price to the 2183 to 2190 area and above that change line level and inside the end queue. I don't have a bullish reversal candle just yet. So three of the four are giving us their 10. They're telling us that the attempts of trying to form the bottom, but that's how I put it together with all those tools. So what other questions maybe have I created in your mind? That's great. I really appreciate it. I guess I'm just of the mind that I'm always looking for potential opportunities. It's easy to look at the shiny object on hard. I get that, but there's you know, at the same time, I like to look at the opposite side of the trade and see if there's something that might present itself. I think he's done a good job of going through what I've been looking at myself and you know, we're free. There's some potential there. We'll see how it plays out. Okay, perfect. Perfect. Hey Brent, always good to speak to you. Thank you very much for calling in and we'll look forward to speaking to you again soon. All right. Thank you very much. He was always I would appreciate your help. Thank you. Thank you. You bet. You bet. So we had a couple other questions that had come in early on. When was it take look at the JP Morgan? So let me get the JP. So here with regard to JP Morgan and I don't I think the question was just to take a look at it. So here's what we know JP Morgan gapping down big on the daily timeframe. Where's it gapping down into? We take a look at the weekly chart into the support area. The support area for JP Morgan is between 148, that level fails price will go target the 142 77 level. Now all of that interpretation was based upon the its task market profiles. Let me go take a look at the white background charts here. We'll pull over JP Morgan on the daily timeframe. That's where we'll begin as we look at it. Price is also pulling back into a breakout level of 150 11. I don't know how strong that breakout area is, but I don't see a sign of a bottom inside of JP Morgan as we speak just yet on the weekly basis out here. What do we have? No charts. Oh shoot. Sorry about that. Sorry folks that that's that's the old Stevie. Yeah, you're not really good at multitasking. Here are the charts. Let me put the daily backup. Oh, so you didn't even see any of the charts. OK, back here. Let's start off where we where we began and that is the white background chart. So that way everybody can see JP Morgan. So down below the bottom, it's bullish structure daily profile now into the bear structured area, the market to 151 a level out here. So what I said there was no, I don't see a bottom with prices pulling back into a strong support area, but I don't have a bottoming signal on that daily timeframe chart that we were looking at. In essence, that's what I meant. That doesn't mean that price can't find support here on a weekly chart. There is no other signal. You can see how that oscillator and change line has been a key level of resistance. That's at 162 15 monthly timeframe chart for JP Morgan as long as price remains above 149 30. That's its oscillator is somewhat neutral has an existing top of price hasn't broken that key level of support. Finally, on a 30 minute timeframe chart, I don't have any kind of a bottoming signal. So JP Morgan, I know bottom signal, but it could find a bottom because price is pulling back that weekly level of support. So watch that 148 63 level. That's the important real key area. That's at bottom of that profile. Inside the Tigers down there might have been another request. Let me see what I think it was to take a look at this instrument. If my if my memory serves me right in the instrument is a B U S now a B U S. I don't know what it is. I don't need to know what it is. You can see the real resistance level for it is at $4.75 and that's on the monthly chart. That's its TD nine breakdown level in a price can close above that. I mean close but not trade above it. That is a signal of a change in trend for that time frame for the monthly time frame on the weekly time frame chart. I don't have much here on the daily you know it looks like you got to a wave number seven out there and letter G but prices pull back and test the oscillator and change line the daily on a B U. Oh, you're not seeing the chart got Steve Oh, man. Oh, man. Sorry about that, folks. Sorry about that. Here we go. So oops, get this chart here back here. So you'll see the you'll see the monthly here in a moment. That's on your left side the 475 area and by the way, thank you, Dan for letting me know weekly chart not a whole lot out here daily time frame. Just notice how prices pull back and you're into the bullish structure daily profile price test the green oscillator and change line. So yeah, this remains bullish 467 is your resistance point there in the daily that is the top of its daily profile out here and I don't really see anything else. So I hope that that provides you with the information. You see JP Morgan. Oh, maybe before you look at you got it got it. Anyways, so we should be all set right now and thanks for your patience there. So I think I've gotten to most everything in the Tigers den. Yeah, the update will look at the sectors in the S&P 500 bill. Absolutely. So let me go to a couple questions that have come in here by email first one coming in from Eddie in Boca. Can you please go over the major indices as my request I really hoping for a bounce based on the rate of change. So I've really covered that area out there for Eddie about the rate of change really the S&P New York Stock Exchange that Brent and I did. The next question you're coming in from JT. JT says one more question is not NAT Nordic American tankers to buy at the current price. So let's put Nordic American tankers in on these charts here that way Stevie doesn't change screens and starts talking and not realizing I'm looking at one thing and you're looking at something else. So let's let this populate here. It'll take just a moment to do so because we've got so many things running and again the question here is Nordic American tankers a buy and so based upon the pullback today what we can see is prices at the bottom of its bullish structure daily profile. Now no bottom signal out here. Let me just make sure I hit my repopulate button. I fit it so it's a it. So with regard to a bottom signal you had the Rosemont Dominicator bottom that was back here that was confirmed for you back on August 20th makes an A to B equal CDT upside that's a sell the deep point because that bearish engulfing candle session of price at the support. So JT if you're asking me as price at support the answer is yes that support on the daily time frame. If you're asking me as prices pulled back to the daily time frame support level do I see some type of intraday bottom signal out here like on a 30 minute chart will the answer to that question is yes what we have out here is a TD nine count pattern now what price needs to do to give you the signal that there should be more rally and more rally means at least two dollars and thirty nine cents you need to see a close above two dollars and thirty cents that is the top of this 30 minute profile. So absolutely you've got price pulling back to support you have a 30 minute bottom signal here what you don't have is you don't know you don't have the knowledge know whether or not these buyers can take out the resistance of those sellers that are at the top of that profile two dollars and thirty cents. So JT thanks for waiting I hope that that helps you out the next question coming in here from Rich which is could you please provide an analysis of the SNH. So while we can and we will do that when we get back from this break we'll use the same set of screens out here Steve Rhodes with TFN right now we've got the Dow down let's see how many points we're down 750 the S&P's off 95 NASDAQ 183 to the downside we'll be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs 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 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors in technical analysis his Chapman Wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984. 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