 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 April 4th the magnificent Monday edition of today's Trader's Edge 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 let's make sure we have an extraordinary one of the easiest way to do that it's always remember that life is happening for us not to us that's right we do not make that one little two-by-four ship well means we can find the gift in every set of circumstance that life is gonna toss at us now today you and I we're gonna 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 the more important than that and that's this during this next 60 minutes I'm here to serve you so that means all you need to do is pick up that phone and give us called 877-927-6648 would love to hear from you if you can't call in you can always send me an email send it early send it to Steve at tfn.com and inside the subject heading please put radio show question in at our Tigers then well any in every ping will do so let's go ahead and get this show started on magical magnificent Monday of course this is tiger financial news network I'm Steve Rhodes welcome to less show right now you got a mixed bag out here the Dow up just slightly it's flat the S&P's not flat it's up 19 points and Aztec 100 229 to the upside one and a half percent the Russell slightly flat down two points some eyes are up 36 trannies are down 34 points a quarter of a percent you've got gold up $10 and silvers down eight cents like we could up to 33 natural gas up seven pennies 30 your Treasury down 23 ticks trade out at 14903 lead the charge dollar wise the upside you've got Amazon up 64 bucks Google's up 57 Tesla's up 50 Mercado Libre up 40 and Shopify up 33 to the downside it's alpha metallurgical research or something out there that's off about 10% 14 bucks AB IO made up of $13 for percent anthem is down 12 bucks or two dollars and three and three tenths Molina healthcare off 11 and Matt's in ink down 10 bucks it's about 8% of course I want to look at what you want to look at so let's begin by looking at what let's begin by taking a look at the equity future contracts out here we will momentarily change over to our daily timeframe set of screens out here and there you go in the upper left-hand corner you've got the daily timeframe for the ES mini now it's kind of hard to make out here but price is trading above the top of its daily profile that's going to be important for the end of day in the end of day level or the is 45 52 is what you're going to want to watch right now we're trading at 45 59 a close above the top of a profile would be a bullish outcome now that bullish outcome could or should find resistance at its TD 9 count top that is the actual high from March 29th if in fact the ES mini were to close above that level that level is 46 31 that would suggest a strong moment to move to the upside with regard to the NQ really the same playbook here now the difference is that the NQ is not trading above the top of its daily profile the top of that profile for the NQ is at 15 268 75 the price close above that the next level resistance would be 15 636 50 the Dow equity future contract on Friday and this morning have tested and rejected its oscillator and change line the oscillator change line because it had recently churned from green a red to green that test on Friday that test today is a bullish signal that suggests what the Dow equity future contract wants to do is make its way up towards the top of its profile and that's at the 35 281 level the Russell 2000 on Friday tested and rejected that green a certain change line after changing colors that is a bullish test prices follow resistance at the top of its profile truly at the top of its profile and the consolidation pattern so level to be watching there is 20 98 20 if price closes above that then we should see price move higher now when I say move higher we want to make sure that we're always trying to understand where is there's where is support and resistance so we're going to do here now is flip back to our black background screens for the for equity future contracts you'll see these descending trend lines and those really become those next targets to the upside should price continue to the upside the only instrument so far that's given us that signal from a daily perspective is the ES mini that's because price is trading above the top of its daily profile out there by the way market breadth for the S&P for the NASDAQ 100 is all positive for each of its time frames you and I we track 60 minutes we track 240 daily and the weekly out there and they're all set to bullish configurations so it's a matter of how is price going to handle resistance right now the ES mini has been able to overtake it now the question is are there any kind of topping signals out here or that should be a question so we'll do here now since I'm on that screen is I'll just go over and take a look at the ES mini and here we take a look at the ES mini what we can see here is that also on the weekly time frame chart let me just expand this chart out maybe bring it back just a tad now what you're going to notice here what you should notice is last week price closed above its green oscillator and change line it also did that the week before at your two consecutive closes above a key level of resistance quite frankly where a counter trend rally in this move should have ended that doesn't mean that it can't end someplace higher but right now I didn't change the screens thank you Mr. Bill sorry about that or that was Jay thank you Jay any moment here we'll pull this up okay so when we take a look at this weekly chart here for the ES mini you now see the price above that green oscillator and change line a green oscillator change line just the greenness tells us that we have a price oscillator it's above zero and price is above the green line tells us we have a rising price oscillator above zero those are bullish conditions so what we need to do is just simply continue to watch this out here but you've got those two consecutive closes the daily up above the top of its daily profile really given us a signal a price moving up to that descending trend line area that's the ES mini for the weekly timeframe with regard to the other timeframes out here just looking for signals you got a TD9 count bottom and breakout support that took place on Friday now at the 45.09 level so price right now is dealing with its green oscillator and change line so nice bottom signal there and the price can overtake the 45.50 45.67 level you should see a move to 45.78 and then 46.04 you've got a TD9 count top of the 120 minute chart for the 100 for the ES mini out there that pattern is completing and this would suggest that price could pull back to 45.44 well which one is it stevo well at this stage here since the 240 has found resistance at the oscillator and change line and the 120 has got a topping signal i'm going to say that the 120 minute chart is one that is really controlling things and I would suggest price pulling back to that 45.44 level nothing to assist us here on the 60 minute or at least the 60 minute is saying I don't even know what you guys are talking about if you look at the 30 minute chart out there it's really an A to B equal CD pattern to the upside that has not completed and that's really about it that I would share with you here only because there's nothing else really to share we'll go take a quick peek here at the end queue as we go into this break another some traders that were taking a look at a potential top out here these are again an eight panel set of charts but just some intermediate time periods one type here that was looked at was the 15 minute price needed to close 15 to 120 50 to negate its TD9 count it did not do that so now what price is doing it's testing support or pulling back to support that's the bottom of that 15 minute pro about 15079 50 closed below that the end queue says I should continue to head forward 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 that's right information having all the information gives us the perspective we need to place the right trades at the right time the test profile scanner is the premiere market profile base scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering 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closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN YouTube channel and become the investor you were born to be TFNN educating investors free at 1-877-927-6648 internationally at 727-873-7618 welcome back to folks let's go to one of our first questions just from John and Philly want to take a look at the GDX and Newmont mining looking for some type of topping signal so with regard to a topping signal the only thing that's present here we'll take a look at the charts in detail are really the descending trend line that you see on the weekly basis John and that is lining up with the top of the monthly profile so the level of real resistance out here is at the 3986 area that's for the GDX as far as the GDX and other topping patterns don't really have anything at least not at this moment no kind of signal in the GDX what price did on Friday was it closed above that green us that are in changeline now price is pulling back and testing support that's the top of the daily profile so as long as it holds at 3870 there's nothing wrong here but you know you do have that resistance up above we already took a look at those levels on the black background charts I don't know what else I can add there since there's nothing else to add let's go take a look at Newmont mining in fact here are the top eight instruments that make up the GDX Newmont being the number one now in the case of Newmont mining so it's always good to look under the covers here and if we take a look at Newmont mining there's a potential just depends on where price closes today there's a potential for a confirmed roadsman to mitigate her top now you got to get a various reversal candle at present you've got a dark cloud cover you have a dark cloud cover because it's halfway it's below halfway of the bar from Friday and that's really the midpoint that would need a price to trade below close below in order to generate that dark cloud cover candle prices trading into and just slightly below that greenhouse that are in change on at 80 94 but above the top of the daily profile so John I would take a look at it like this you could get a topping signal but in order for that topping signal to gain traction you must get back inside the daily profile otherwise you have really a neutral signal in the top of that profile for Newmont mining to 79 24 as we look at the other top eight instruments out here with regard to G.O.L.D. we don't have any kind of a topping pattern nor do we for Franco Nevada nor do we for Weed and Precious Metals nor do we for well AEM is in bar number seven of a of a Chapman wave count out there but you won't get a confirmation of that pattern until you see a lower highs that means the earliest would be tomorrow otherwise that pattern can simply extend price though is also above its green oscillator and change line so that's really kind of a bullish signal out there so we're just not seeing the topping patterns per se other than those descending trend lines in the top of that weekly profile but again you'll want to watch Newmont mining that could be giving you a signal but again in Newmont you need to see a close below 79 24 for it to really gain some traction to the downside so I hope that helps you all thanks much for the request earlier let's go to our next request next request was coming in from Hector and the fuel injectors and Hector wanted to take a look at ticker symbol ANTM so it's green am I on that screen let's get over to the black background screens here for a moment we'll put that up we'll take a look at what this instrument is doing so let's get this growing ANTM is the instrument that Hector wants to take a look at this is Anthem Inc and Anthem Inc has formed a brand new daily profile Hector and that's got resistance at 50154 actually what I should do is actually read Hector's question so that I can answer it so I will do that let me see do I have that set up perfect so the question is he's first happy marvelous Monday back at you ANTM on a on an ABC weekly what are the projections boy there's so many different A to B equal CD patterns out here what I really do when I see so many of these you know where do we want to start the A to B equal CD patterns out here it's been on the stair step approach all the way to the highs it's much easier for me to when I see something that like that is a step back and take a look at a larger time frame and when we do that then it's a very clear A to B equal CD pattern Hector and the A point out here that I'm starting with is down on the lows from November of 2016 the B point out here is going to be the high from February of 2019 the C point is going to be the 2020 March low out there so we can see this is already up towards it's 1.618 A to B equal CD and if this can clear the top of that daily profile Hector at 501.54 that then is going to suggest a move up to the 577 level you can see that along the C to D leg price is still on the left side so it's still on the strong side out there and that really suggests that over time price should go target that 577 ish area but right now it's got to deal with the resistance on the daily time frame let's change screens go to our aid panel see if there's anything else out here that Hector and Patty need to be aware for Anthem and so that's what's on your screen right now monthly chart looks positive no topping signal out here nor does the daily have a topping signal the weekly does have a confirmed erosement to indicator top the price right now is dealing with that oscillator and change line so it's still a neutral signal out here but if price were to close below that oscillator and change line that number is slightly above where we're printing it's at 489.90 we're printing 488.84 so if price didn't close below that level out there with that one signal to us Hector and Patty is maybe move back to support the bottom of that new daily profile that form we gave you the resistance now it's time to give you support that's at 475.13 let's close up this chart see if there's any other signals out here that we should pay attention to and as I look at it the only thing that pops out at me is on a 30 minute basis the pull back out here Hector this was started by erosement to indicator top price is testing its breakout level and looks like you could get a TD9 count and that's at the 486.94 ish area we don't have that pattern confirmed yet but you could get that confirmed by it's going to be bar number 8 by 230 out there that oscillator change line change color so you could see a bounce up to the 492.494 even 495.51 level out there nothing else that I see so your question was really to take a look at the A to B equal CD you're looking for support and resistance I think we accomplished that task so what time to move on Hector and Patty have a Magnificent Monday and as always thanks so much for writing in we had another request to take a look at ticker symbol CAL this is out of the Tigris den my apology I don't recall who asked I just simply had enough time to write down the symbol and so that's what's up on our swell that's what's trying to populate CAL which is uh call Colaris ink out here and as these charts here are populating one of the things that you should notice is price right now is just simply consolidating with inside its daily profile so your support resistance level 1908 at support 2065 for resistance if you look at the weekly chart you can see that oscillator and change on is really active as resistance out there and any moves higher that's really suggesting price should go target the bottom of that profile and that's in the 1853 range TD9 count top on the monthly basis prices below the bottom of its monthly profile leads to close below that last month don't know if we'll get a second close this month if we did know what CAL would be signaling to us to move back to 780 can't make that call just yet because we don't have that second month we just begun April out here but the weekly says uh it doesn't really want it doesn't like uh moving to higher price out there is that oscillator and change line keeps knocking it back do I see any other signals nothing else out here of significance uh 30-minute chart does have a TD9 count top that would suggest that an oscillator change line that recently changed colors so that suggests to you and I that price should go target that oscillator and change line that's currently printed in 1991 now that line might move higher as price moves sideways or higher out there uh so use that as a general guideline out there so looks like you could get a short term pullback out here to that 30-minute oscillator a change line at 1991 we get back from this break we've got a request to take look at IONQ and I'll see if there's any other requests of course I would love to hear from you 877-927-6648 or Steve at tfnn.com having fun trading the 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go out to ron and denver ron thanks for calling thanks for holding how are you today great steve i'm very happy i got hearing aids at work in a different world oh perfect that's a wonderful thing out there now i know that uh so you want them to your those are working for you and i want to listen to you and uh you want to take a look at shinier energy lng is a ticker symbol and right now trade out at $141.99 it's above the top of the daily and weekly and monthly profiles out there so tell me what you're doing and how i can best help you well i was thinking that it's pulled back a little bit today and uh i made some money on it here last week because it moved from that 130 range and i took profits and i just thought maybe now i could use a good time to get back into it again i just wanted to go out calls about 30 days sure so right now what it's dealing with what it actually did on uh last week and it's doing it again so far today it's dealing with the resistance level that's established at the top of its weekly profile run and that level is 143 40 so that's the only resistance that it's dealing with i think i said it was above all profiles and now that i take a closer look at the weekly time frame uh that was uh that i shouldn't have said that so that's your real resistance point is 143 40 so let's open up my white background charts and see if there's anything else out here that might be able to assist us and first when we take a look at the daily time frame we see a nice roadsmanship indicator top but that's sending price back to the support area of that bullish structured profile out there never really got down to test what you wear the area where you would have thought it would have made its way to which was between 129 and 131 it got down on the trading day of march 29 to a low of 132 16 price right now is dealing with that green oscillator and changeline and it's just below that so that's another resistance area for you to observe and that is at 142 84 as long as price remains below that oscillator and changeline it really does suggest that price could or should pull back to at least the top of the profile and that'd be at 138 11 so one level to be watching there would be 138 11 if price were to close below 138 11 then we're back to the 129 to 131 levels out there let me take a look at the weekly chart see if there's anything else out here nothing else other than the resistance point that you and I've already looked at on a monthly basis you do have a TD9 count top that could form between last month and next month out there so we really got to get back to the daily and weekly which you and I've already looked at and then a short term time frame chart I don't really have much out here so your intention is to step back into a long position here and the only level that I have right now that would be an area to consider that would I'd have to say would be 138 11 you really want to see how price is pulling back into that area and what you would benchmark that against is I benchmark that against the low this little swing point low from March the 29th that had 2.7 million shares so price is pulling back into that area run and doing it with less than 2.7 million shares that's probably your next entry area into shaneer energy out there any questions on what I've shared so far and any either the black background charts or the white background charts no that's that's fine I'll look let me ask you this if it holds above that you mentioned 14284 the oscillator line yeah it holds above that today tomorrow would that mean that it's got a good chance of holding it means that it means that all it means is that the signal would be neutral because the daily time frame has a confirmed top and so your real your real resistance is going to be that high from March 25th and that's at 149 42 so if it does close above the green oscillator and change line 14285 right now what that would signal to us one it would give you a neutral signal for the daily time frame but it would suggest to you and I that price is going to go target that swing point high doesn't tell us whether price would take that out or not there again what you do is you do a benchmark from a volume standpoint that candle session that we just referred to and that was from the trading day of March the 25th out there that had volume before 0.2 million shares so what you'd like to see is you'd like to see price moving up into that with at least that type of volume today's volume as an example and price was pushing higher earlier this morning is a 654 000 shares so really light volume as it pushes in that swing point out there so I don't know that that's really setting up the type of trade that you necessarily want out here maybe this just going to consolidate sideways is perhaps its message but did that answer your question for you what happens if I suppose thank you so much okay okay thank you so you bet thanks and you do the same that was Ronnie in Denver calling that was again shinier energy ticker symbol l and g now we had a question as I mentioned earlier in the tiger's den so we're going to go ahead and I forget the symbol i o n q or something like that let me actually get this up here yeah i i o n q ionic or something like that um yeah I think it is ionic and here at the level here would you take a look at the black background chart so this is I believe for Dan in the tiger's den so Dan I'm just going to expand out to start with first am I on the right screen yeah black background chart so I'm just going to expand out the daily time frame what you can notice here well first you can notice that price is pulled back and was testing that rising trend line and it was doing that that was support but that you know price closed below the bottom of its bullish structure daily profile on March 25th it's today's the first time that it's trying to get back in here and so far the message is counter trend move and the reason I say that Dan is because it was a bullish structured profile and if price was going to just have a counter trend move then it would find resistance at the center and that center is at 1333 the high so far today has been 1374 but price is held 1375 I take that back 1375 is the center of the daily profile price gotten up to 1374 so that's your resistance level now if you can close above 1375 heck you've got resistance up top as well between descending trend lines at the top of the daily profile 1502 but closing above that is going to suggest that the rally may not just be a counter trend move but that you do have resistance up at that 1502 level so that's the black background charts is there anything else out here that I see there's really not so let's go switch over to the white background chart see if there's anything else out here that Dan needs to be aware of as we pull those up to our screen our monitors out here what do we see what do we see what do we see what do we see the 195-minute charts got a nice TD nine count bottom at breakout support of 1193 it's above the top of its profile it's suggesting that price wants to move to 1470 that says watch that 4 that says watch that 1470 it says watch that 1375 level if you get a close above that then you know your next target's between 1470 and 1502 anything else that I see here nothing else that sticks out at me uh Dan you can see that oscillator and change line on the weekly base that's also acted as resistance so hopefully that assists you with regard to ionq out there now I've got no other questions that I see that have come in by email a quick check in the uh den area I don't see anything out there if I did overlook something if you whoever you are would be kind enough to go ahead and type that in your questionnaire that would be really terrific for me so what do we want to do next out here what do we want to do next out here I'm just uh looking around see what uh see what I've got not much there to report on so uh oh I know what we're going to do here we're really going to go back to just the general market so give me a moment we're going to go back to my black background screens out here and we're going to look at the futures contracts that's not what's on the screen right now what we're going to do is we're going to go to my multi panel chart so remember we're talking about the es mini and how it's trading above the top of its daily profile there is a new quarterly profile that began forming this morning now I'm going to assume right now at this stage here that these profiles will take hold but I won't know that till the end of the next quarter right now the resistance level the next key resistance level inside the es mini is 4619 seabroach with tf and n 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 727-329-8322 or email us at tiger at tf and n dot com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for david'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 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 and p biotech three times bull and bear etfs visit direction investments dot 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 eight six six four seven six seven five two three 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 four-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 then hit watch tiger tv that's tfnn.com then hit watch tiger tv back folks so we take a look at that ticker symbol rio that's rio tinto this is for mike inside the tigers den hey by the way folks the tigers den what an opportunity for you to join an extraordinary group of individuals and you can do it for one dollar one that single dollar so get over to the homepage at tfnn.com and join this wonderful group and that request here coming from mike and the tigers don't let's take a look at rio tinto so what we know about rio tinto is that really it's trading between support and resistance the support and resistance one dollar for the year that's right i think i said that if i didn't say that i meant to say that you can see this descending trend line which price really should target now why does steve say price should target that level well first the month ended out here so on a monthly basis the swing point mike was a swing point from the may of 2021 that had volume of 59 million shares and last month price tested and rejected it but it rejected with 124 million shares more than twice the number of shares so that says that price should get up there to at least test that level again and that's what it wants to do now don't know that will overtake it it's still dealing with that descending trend line that you can see out here so that's certainly something you can draw on your system you'd like to see price close above that to that suggests you've got some type of breakout going on on the daily time frame chart uh there is price that did close above a swing point the swing point from march 25th which only had volume there of 2.8 million shares and it was passed with 3 million shares now i was going to try to draw in an a to b equal cd but that was only a 23 percent retracement that b to c leg it's a you like to at least get down into the 38 or close to the 38 percent retracement out there so i'm not going to knowing that we've got this resistance out here on the uh descending trend line for the weekly time frame not really going to draw that a to b equal cd pattern now as we switch over and take a look at the white background charts for you there's not a whole lot here for me to add to the commentary because there's just not a whole lot to add there's no topping patterns that i see for the time frames nothing for the monthly nothing for the weekly nothing for the daily out here um not really anything for the 195 minute chart no top on 130 no chop on top on 160 well the 65 yeah has erodes meant to mindicator top and that's led to a sideways movement out there um yeah so not seeing a whole lot more than that to add to the commentary for rio so i do hope that that helps you out and thanks so much for the request there are no other requests that i've got in at the moment let me just double check here and make sure hope i take that back there we go so now we've got uh mark let's take a look at the clover clbs is the ticker symbol so we've got three requests that have popped up that's a beautiful thing let's see if we can get to all of them the charts that we got ready right now the white background charts let's go ahead and let those populate and answer mark's question which are where do the charts indicate clovis is heading so great question clovis oncology is above the top of its daily and weekly profiles out here so that's a positive it was a monthly td9 count bottom so that suggests on a longer term basis mark price should target 463 you've got a price above the top of its weekly profile that suggests price should go target 451 so we got 451 to 463 price uh is taking out its td9 count breakdown resistance level after forming a roadsman to indicator bottom so close the name of 266 that's on the daily time frame that's going to suggest a further move higher the next level would be $3 and 70 the next level above that would be 457 your specific question is where the charts say clovis oncology is headed those time frames all say higher the 195 minute chart as formed a td9 count top could also from a roadsman to indicator top that would then suggest that price might pull back to the 227 level that's currently its oscillator and change line no topping pattern the 130 you do have a topping pattern that could form on the 65 minute but it's really a neutral signal right now because price above the top of its daily profile and its green oscillator and change line that could be a level of support and where price would target on a pullback around 269 to 276 td9 count on the 30 minute price holding that green oscillator and change line so its signal right now is neutral out there so back to the charts longer term monthly weekly and daily they suggest that price wants to continue to move higher you've got to contend with a couple interday charts that are saying it's a little tired price might want to pull back but uh not suggesting that that's any kind of significant top out there so i hope that helps you out mark thanks so much for writing in next question coming in from Mimi Mimi wants to take a look at emerging markets eem my suggestion that before i even look at any charts is make sure that you're only trading emerging markets there has been a ton of money in the last two weeks that has been pulled out of china and has been pulling out of the emerging markets out there and that is not a good scenario out here so i've heard a lot of people on a lot of the media stations talking about how this year people should get into emerging markets i'm going to suggest that you'd be really cautious about that or if you are make sure that it's a trade and not any kind of substantial portion of your portfolio of course you go ahead and do what you're going to do i mean if we look at the monthly time frame charts out here me which we have on the screen right now the upper left hand corner you've got a nice td9 count bottom that formed above td9 count breakout supported 40 18 that's a bullish move out there and suggests you could see a bounce up to 50 or two again my commentary right now is one of the charts communicating to us i just want to make sure that i threw out there that there's some real danger potential danger lurking out there so don't want to get too heavily caught up into emerging markets now price right now is trading above the top of its daily pro our weekly profile out there so that's another bullish signal uh now it's just trading above it this week so it really needs to cover close above that on friday it being 46 39 the daily time frame as a rogement dominicator bottom it did that when it gapped up on the trading day of march the 16 price is running into resistance at the top of its daily profile me me that's at 46 85 so price can close above 46 85 that's going to suggest to move up to that 50 oh two ish area out there is there anything else that i see for emerging markets there's nothing else that i see you ask me to please comment on emerging markets so i would say it does look like it wants to trade higher but again i would be very careful with regard to how much of your portfolio you're allocating to those emerging markets remember the us dollar index is on a tear it's on a tear to the upside and that is never good for the emerging markets especially because so many of them have so i don't know how many trillions of dollars 17 trillion or something like that of emerging market debt denominated in us dollars that means every time the us dollar is ticking higher it's costing them more just simply to cover the interest let alone pay back the principal out there the next question coming in from rich in oregon wants to take a look at gl ng which i'm imagining is a is a liquid natural gas play out here we're ready to consider an entry point is rich's question so we're going to go ahead let that populate out here again the ticker symbol that we're going to look at here is gl ng and gl ng is actually gollar l and g limited which is pulling back just a bit now you did get a daily rogment and indicator topping signal out here are rich on friday when it generated that bearish shooting star candle now just because you got a topping signal doesn't mean that this thing is going to have any kind of major top and the reason is because price is above the top of its daily profile and more importantly right now it's above its greenhouse that are in change line so that may be its next level of support out there you're asking where would i consider an entry point that's one possibility that's at 2418 your price were to close below 2418 remember you do have a top in place out here so most certainly could close below that level then we'd be looking at 2139 to 2197 with our preference being 2139 that is because that is the center of its bearish structure profile that price closed above back on the trading day of march 29 that's the daily time frame particular some gl ng no topping pattern on the monthly basis or the weekly out here and i don't really see much to add to uh to uh help out rich with that question so i think you've got to watch the 2418 level keep rolling to a tm and we'll be right 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 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For more information, you can call 877-518-9190. That's 877-518-9190. Price is trading right up into resistance. It's trading up into resistance. First, there's a TD9 count top. That's at the swing point. That's a trading session from March 29th. Your price was able to close above that. That being 15268.75, that's telling you off to the races. But I don't know that that's going to happen out here. So you're trading to resistance. If I switch over real quickly and look at the QQQ series, out here, what we're going to notice is that price is trading in that swing point, that's the March 29th level, that had volume of 68 million shares. And so far today, you're up with 28 million shares. Now, look, if this closes above 366.06, it says it should move higher. But you've got that descending trend line information out there. Now, typically when you get up to a resistance level, you would see some type of short-term topping signals for the intraday time frames out here. Now I'm back to the NQ. And here on the NQ, you did have a TD9 count top on the 15 minute, but if price closed about 15.1.20.50, that gets negated. So you want to watch that. Support is held to the downside, which would have been 15.079. No topping signal yet on the 30-minute chart. Although you could get a TD9 count top by 230 out there, that's if price gets above and spikes above the high of the day out here. So you've got some short-term topping signals. But what you don't have out here, Danny, is any kind of levels of support being broken. But price is trading up in the resistance. So you may want to take your money and run. But folks, stay tuned. Your favorite polar bear, David White's up next. Tom O'Brien will take us on home from three to four. And I'll be back with it tomorrow at 1 p.m. sharp for terrific Tuesday. Have a magnificent Monday, folks.