 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll-free at 1-877-927-6648 or internationally at 727-445-1044 The Trader's Edge Now Steve Rhodes Good afternoon from TFNN Welcome to the April 22nd That's right, it's the magical Monday edition of today's Trader's Edge 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 How about we have an extraordinary one And of course the easiest way to do that It's to always remember that life is happening for us Not to us That's right, we do and I make that one little two by four shift It means we can find the gift in every set of circumstances Life is going to toss at us Today you and I, we're going to go check on the circumstance of these markets That's right, we're going to go figure out what the bulls and the bears What those buyers and sellers are communicating to you and I Just passed one o'clock in the afternoon I want you to know that I'm absolutely grateful for your presence here But more importantly, 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 Just let those fingers through the walking Go ahead, send me an email, Steve at TFNN.com Inside the subject, inside the subject heading Please put radio show question, of course In the Tiger's Den, like Peter did, any ping will do Let's go ahead and get this show started on magical Monday Of course, this is Tiger Financial news network, I'm Steve Rhodes Welcome to Lush Show right now, the Dow off 44 points S&P is flat, Nasdaq is basically flat Russell 2000s off six points, semis are flat New York Stock Exchange basically flat As is the Wilshire, trainees are up 11 points We'll call that pretty much flat Spot follow till the index is not flat It's up 72 pennies, trading up 6%, 1281 is the print Gold is flat, it's up a buck Silver's flat, it's up a penny Light's recruit is not flat, it's up a buck 80 Let's start by taking a look at Light's recruit Figuring out what it is doing Now, for all intents and purposes We take a look at the daily time frame chart out here One of the things we're going to see is Light's recruit is beginning to move higher Doing less relative energy That alone is just a warning signal Not a shot across the bow So it just says, hey, we've got to be careful And watch to see if there is some type of sell-off And when I meet by sell-off I mean some type of bearish reversal candle that would form It's not going to happen today But we would look till tomorrow in the following days Otherwise price continue moving higher To where? About 68 bucks It's really this is the resistance line Next resistance line or a resistance line That's a trading session that's the high from October 30th The exact number there was 6808 You're at 6585 right now So 6808 is one of the price targets for Light's recruit That was looking at the daily time frame chart But wait, we've got more If we go take a look at the profiles out here And by doing that, we're going to look at As soon as I can find them Where did you go? We're going to look at daily, weekly, monthly Why is the daily off there? Must have turned that off accidentally Let me go take a quick peek here Because what we... No, I didn't That's weird sometimes Well, here's what I know about the... Well, I'll come back and I'll show you a chart That I think's got the daily on it Here's what we know about the daily, the weekly And the quarterly time frame Now we're looking at Stevie's synthetic version Composite version of Light's recruit So I've gotten updated in order to be able to Provide you with these profile levels The daily is not cooperating But we can see that price well above a weekly Top of the profile, 5780 So that says no resistance The monthly, that's the lower left out here Well, you can see his price is moving into One possible resistance level And that is the center line of its profile The center line is 6616 We're trading right now at 6572 So we'll watch that area It's a bare structured box Meaning that the center line Where price is trading into is closer to the top So the question is is real resistance 6966 out here It would appear to be that way as I look at it The quarterly time frame chart says that price can actually Get up to $83.30 out there So one step at a time What do we know right now? We know that the daily, even though it's not shown here Is trading above the top of its box I'm going to try to dig that out for you That's trading above the top of the weekly It's trading with inside the monthly As well as inside the quarterly Which suggests from a profile standpoint That if price can clear 6616 6966 is the next target out there for it If I come here and take a look at the daily There we go, we've got a daily profile out here Now what this shows us This is using the actual So the contracts that we were just looking at My synthetic, it's going to have different profile levels Than the current contract out here What we can see is that price One of the price targets that we were looking for Was which is now exceeded So that's a bullish sign 6540 Now I don't know where price is going to close today 6574 where it's trading If it closes below 6540 out there Well then what you'll know is resistance is held The top of the daily was 6479 So everything's still at this stage here Looks bullish for Light Sweet Crew When I say that, looks like it's going to continue to move higher We take a look at the multiple different tools And time frames out there for Light Sweet Crew So I hope that helps you out Our first request came in, this was earlier This was from SAT is the name And the question is can we take a look at Amazon Which we can AMZ and the question was Suggest a stop loss in resistance levels out here So when we take a look at Amazon AMZ And let's go ahead and punch that up here And if we take a look at profile So a support level inside Amazon would be the bottom of the daily profile That's 181887 It's trading above the top of its box So bullish in nature It is as well as above the top of the weekly box And it's the monthly profile that says that monthly and quarterly Says a price should target 1910 to 1920 That's the top of those two boxes out there If I pull over and with regard to a stop You know, I don't know where you're in on the trade out here You would likely retracement pulling back to 181887 The bottom of its box would still be bullish If you're wondering what the average daily ranges on this stock It's 2386 and that says that your stop should be 2386 Times the multiplier of either 1.272 or 1.618 That would be your stop that you would put on there So I don't know what those total but that's what you would look at If we look at Stevie's other charts where we can identify Tops and bottoms inside of Amazon We can see price movement higher doing less relative energy Again, there's nothing that is bearish here that shows up Or nothing that indicates a turn is imminent inside of Amazon So I say stay with that trade based on these charts That we just looked at Netflix If we just begin by taking a look at this chart out here If price inside of Netflix is able to clear the high on April 4th That number is 372.05 That says the resumption to move higher would be underway The real key level of resistance here is the March 21st high That's 379, that's even Stephen out here That was Netflix real quickly See if we can do this before like NFLX Before the breakout here Where support 358.01 on the daily 366.20 on the weekly And you'd sure like to see this close above 374.24 Steve Rhodes with TFNN, we'll be right back The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try Wouldn't you like to approach the markets with confidence? 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shows, plus see all of the charts as they happen live And have access to archives of all of those charts You can test drive the Tigers Den absolutely free for 30 days And greatly enrich your knowledge of these markets and how to make your money work for you Details on the Tigers Den are on the front page of TFNN.com TFNN has launched our brand new website You can still visit us at the same TFNN.com URL But when you do, you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com Educating Investors All now toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks, so Michael P writes in, he'd like to take a look at Michael P from Nashville He writes in, he'd like to take a look at the mining sector, the GDX specifically So we're going to do that And the first charts that we put up on our screen are going to be our typical three time frame TAS market profile chart, so you've got the daily in the left, you've got the weekly in the center And then you have the monthly with both monthly and quarterly profile levels on it, Michael In the right hand side So what we can see here is that the GDX is trading below a prior swing point That prior swing point, I'm looking on the left hand side was from March the 4th There was 55 million shares, 8.4 million shares as we speak today We closed below that on Thursday with 43 million shares So still a light volume, even lighter volume today out here What you're looking for because what Michael wants to do is he wants to, he'd like to buy NUGT So what I'm going to suggest at this stage here is to be patient There is let's say an A to B equal CD pattern that is in formation out here This is the one that I'm looking at and looks like this With the next price target being 2091, that would be your 1.272 A to B equal CD Even though the B point was passed with lighter volume, nonetheless You're trading below that, which is 2179 Now you've got to wait for the bulls, my opinion is you need to wait for a bullish reversal candle to form To let you know that price is done moving lower The weekly, if I didn't mention this, the bottom of the weekly box out there is 2057 So that becomes another potential price target in 2029 is the top of the monthly profile out there That's what the profiles say to you and I Now Michael, going off the ranch here and just taking a look at the XAU versus the GDX Slightly different look to it, not from the A to B equal CD standpoint But I'm going to show you can see that out here or you should be able to What you'll notice is that today from a daily chart standpoint Today looks like it's going to be day eight of a potential TD set up nine count out here That says that a bottom for you could arrive tomorrow or could arrive on Wednesday So what I would be looking for is the bullish reversal signal inside either the XAU or the GDX out there To give you that signal that it's worth taking a stab at going along the GDX Now you had mentioned gold and since Peter had mentioned gold too We should also go ahead and take a look at gold So as we do that give me a moment here I want to switch to some other charts We're going to come up here and put up the gold contract as well But what I'm going to do is I'm going to pull gold over here My Ninja trader charts and what we'll see is that today looks like it may turn out to be day number seven of its TD set up nine count That would suggest that a bottom could form on day eight, nine or ten in this case out here So that is a possibility with the gold country you'd like to see both of these bottom at the same time Gold has an A to B equal CD to the downside of 12 61 Until we see some type of bullish reversal signal on that daily timeframe chart We do not have that as we speak right now I think I would be lining these up both having an A to B equal CD to the downside And if we take a look at gold now the positive or slight positive inside of gold Peter out here as well as for Michael is that we have a brand new profile that is attempting to form Now I say attempting to form because you'll notice as you look at the symbol Open my upper left hand corner that this too is my synthetic version of the contract And another tool out here that allows us to see a potential early market profile that would be forming out here So Michael what you'd also be looking for let's assume that this actually confirms won't know that till tomorrow But right now you've got a bullish structured box inside of the gold contract with 12 74 50 as support 12 78 50 happens to be the point of control the top of the box out here is 12 86 60 So if you were to see price close below 12 74 50 even though there is that potential for that Tommy to mark set up To occur over the next couple of trading sessions out here You know we'd certainly want to see some type of confirmation that the bottom is in you'd always like to see some type of confirmation So at this stage gold hasn't moved much and you're right the GDX has moved more than gold out here You're looking for gold to be able to hold support 12 74 50 out there Peter I hope that helps you out with regard to what you were looking at as well Although you did ask for the 120 minute. No that was Jay wanted 120 minute timeframe out there so But but Peter Michael if I didn't answer your question just right back in and we'll go through and take a look at that So Michael I think you're on the right track Let's just wait to see if we can get some type of bottom signals in the XAU the GDX and the gold contract out there So thanks writing in the request inside the Tigers den was to take a look at the futures contract This is one of the things that Peter Jay was looking for somebody was looking for it and so let's go take Let me put the ES mini back up here one question was the two-hour timeframe chart and take a look at where the TAS market profiles were So here's your two-hour timeframe chart for gold you can see declining tops But you'll also notice that prices above the top of that two-hour timeframe chart 290675 out there so there's your profiles prices above the top of that when it comes to the daily timeframe out here That is not the case what the daily is doing is it is running into resistance the high so far today 290975 that took place last night the top of the daily box out there 290918 and three halt three tail it's called 290919 28 20 at 290919 that would be the level so we're just trading in a consolidation nothing bad here Nothing bad whatsoever only time Jay Peter anybody else out there where it would be bad what do I mean by bad I mean that there would be a change in trend signal would be a close below the bottom of that daily profile 2881 That's the real key number to be taking a look at Mr. Bill said that's not gold Well that was the ES mini that we were looking at with regard to the 120 minute timeframe chart which I believe is what Jay was looking for But you guys let me know gals guys if you need something just tell me and I'll go ahead and get it on the screen for you You know as much as I can so there is the there's the ES mini out here right now If I look at the other chart out here for the ES mini the ES mini has a topping signal out here several topping signals Wave number seven that's letter number G price movement higher doing less route of energy those are the black diagonal lines happen to be coinciding with Wave number seven or letter G and that was a key reversal session you got an A to B equal CD 2929 was its price projection Didn't make it up there that's a guideline today doji candle doji candles excuse me don't mean to do with ice in my mouth Just happened to slip in there but today right now I don't know if it's going to be doji candle or not guys gals But it is right now in the open of the futures market yesterday at six o'clock is we're trading right at it right now But doji candles up a resistance we're definitely a resistance Nina market is tired out here L Toyota that's a that's terrible it's tired it's tired but it hasn't broken down that's the key Pulling back to 2881 would be nothing more than a test of support Steve Roach of TFNM of your time I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that is transform me into one of the best And what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNM.com And get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as 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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 TFNM.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 TFNM.com Back folks, Daoja 47 S&P is a flat Nasdaq is up nine points out there So a couple of comments or questions inside the Tiger's Den of Request I should say So first let's go take a look at the advanced decline levels on the New York Stock Exchange What you're gonna see Peter is that they continue to trade below zero indicating that it is Here we go indicating that it is sellers that are still in control of the market And what Peter is referring to is the center panel on the screen out here And you'll see a red line at the center panel you'll see the blue line that happens to represent right now with that advanced decline Oscillator line is difference between the advanced declining issues the 19 and 39 day expansion moving average of the advanced decline issues out there When it's below zero says that buyers or sellers are the ones that are in control Oversold readings on this or when you get down to minus 150 that's why I've got a yellow line there And I've also got one at minus 250 but it's usually at minus 150 where you would see the end of selling come in But let's not get too caught up there Peter was just requesting the information You're not seeing much of a sell off inside the New York Stock Exchange If we look for topping patterns Peter inside the New York Stock Exchange Let's go switch over to take a look at the cash in to see let me pull that chart out here just to see if we've got some type of Uniform message we don't really just this little sideways ish move So for sellers having control of the general market the New York Stock Exchange really not doing too much Nothing to be frightened of there not that there could be more of a retracement But at this stage here nothing of major importance and then to add to the nothing of major importance Even though the spotball utility and it's just trading up as you and I looked at maybe about 6% or so Still well below its 50 day exponential moving average line which is 1452 Wouldn't be until Peter you had the combination of both Which would be both the advanced decline oscillator being below zero and the spotball till next being above its 50 day Expensive moving average where you think is the rodeo could get really wild to the downside from a price standpoint Yeah, yeah, the you know the Peters asking the questioner pointing out while could it be at a minus 150 While the mark market is still relatively flat So here's what we have the difference between price action and just simply advancing and declining issues It's sort of in the center of my screen out here you'll see dollar ad sign you'll see NYSE advanced minus decline So there's your net declining issues today minus 682 below that that advanced issues are 1090 net declining issue 1773 out here So yeah, it's it's most certainly possible for the market to do that. It's why both you and I you know here So you can also get the market while the advanced decline oscillator. Let me just see if we can so here's an example Peter And I'm going to take you back to let me just kind of slide this over just a tad I guess I can't there we go Oh, I just screwed up my line, but that's all right. I can fix that later see here on the trading session of September 7 September 7 The actual closing read was minus 136 22 and if you look up here at the you know, there was your there was your typical turn as you get down to the minus 150 level And there wasn't really a substantial decline into September 7 out here So yet definitely doable possible and you know one of the things that will continue to watch for inside the New York Stock Exchange Likewise, you know if that got above the spot about the 50 day expense moving average out there You know that would be then we start seeing some fireworks to the downside but by fireworks to the downside And go back to the ES many out here. You've really got to see a price breakthrough support and that's I suppose the coolest thing We're going to call something cool the coolest thing about you know the trend is your friend language out there. What what does Sam hack does that mean? Well, when we use these market profiles out here, I will tell you what it means if we look at coming off the low from December 26 What you will not see out here is you will not see a close below the bottom of one of those boxes this trading day by the way On March 11 was a brand new new profile that formed out there and it closed right above the bottom of that profile We saw several tests back here in the end of March and there was nothing more than a test of support So although it doesn't give you a guarantee of a change in trend It would be the first signal now. What do I mean? You can start to move sideways as we were able to do you know look here Here's the deal back in October October 4th 5th where the high came in on the 3rd but it was October the 9th when price closed below the bottom of that profile Suggesting a change in trend. Well, certainly it was there was a period of consolidation. You can see it in here And that's where the profiles became useful but not not the only thing that one would have wanted to trade off of but here cleared trend that's in place And like I said, we got a nice topping signal out here. The trading session of April 17th when we had that key reversal session this inside the ES mini But price has got it closed. It would be a normal we discussed the market was tired. Of course I was looking at doji candle that may not be a doji by day's end But that's what we're looking at as we speak here right now And but you still got to close below. It's got to close below that 2881 level out there in my opinion in order to give you some type of change in the trend signal out there So hopefully I've taken care of your request to take a look at the advanced decline data as well as the ES trying to put all that information together Now Jay mentioned and rightfully so that the Russell 2000 looks weak. Now when I take a look at the Russell 2000 Here's one of the things that I see out here Jay. I just see your standard basic garden variety consolidation that's going on And kind of this black rectangle ish type box out here. So is it as powerful as the S&P the Dow or the NDX 100 or compositor some eyes the answer is no But really not too shabby so to speak out here weaker than the others absolutely But let's just not lose sight of the fact that it's really trading within inside a consolidation The bottom of which is around the 1500 ish type area out there Yes, well off of its all-time highs no doubt about that but you know if we take a look at the weekly timeframe chart out here So let's do that and so the weekly timeframe chart when it formed its high It did so on count number eight of that TD set up nine count So that was to be expected and anticipated What happened was is price then when it gave that signal price then went down to test support what was support Well in a weekly timeframe it was Stevie's red line currently priced at 1538 90 So and that was a nice test and so you know we're yes well off its highs But I would say the concern inside the NQJ would be if price were to close below 1539 on a weekly basis out here So weaker than the others yes so ugly that it's like a it's a no-brainer to the downside I don't know about that Steve Rhodes with TFNM we'll be right back If you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida The tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years And pay no tax on the profits which makes these lots valuable The investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis According to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1,550 per year Or 6,200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3,500 per year Or 14,000 over the four years which would you prefer 6,200 or 14,000 of interest on your investment If you'd like more information about the Tiger first mortgage program You can call me at 877-518-9190 that's 877-518-9190 If you haven't checked out the newsletters page of TFNM.com What are you waiting for? All of the TFNM newsletters are informative, up-to-date, affordable And must have for every trader looking to gain a competitive informational edge in today's markets TFNM newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks, bonds, metals, commodities and tech There's a newsletter to fit your needs exclusively from TFNM Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to TFNM.com and click the newsletters button near the top of the page TFNM.com Educating investors Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course Trade L-A-B-U or L-A-B-D Directions daily S&P Biotech three times, bull and bear ETFs Visit Direction Investments.com slash Biotech today An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing The Prospectus and Summary Prospectus contain this and other information about direction shares To obtain a Prospectus or Summary Prospectus, please contact Direction Shares at 866-476-7523 The Prospectus or Summary Prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors Distributor 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 and hit watch Tiger TV That's TFNN.com and hit watch Tiger TV for the latest market information Back folks, 877-927-6648, that's one way to get in touch with me, would love to hear from you You can always send me an email as well, Steve at TFNN.com If you happen to send those in and we don't get to them before the show I'm going to go ahead and fill in for Tom from three to four today So we'll be able to go ahead and take a look at your instrument during that time frame If we aren't able to get to it during this time frame So no, nothing in the queue as we speak right now No request, I think I've gotten to everything out here So what should we do? What should we look at next out here? Why don't we just go take a look at individual equities And see what they're doing to the downside as an example So intuitive surgical, let's go take a look at its three time frames ISRG, it's a dollar later to the downside ISRG If I can type that in, then everything will be good So intuitive surgical, gap down today Terrible Thursday, big wide-ranging bar, accelerating volume You've got accelerated volume today as well If we try to identify support levels out here, it gets us back to 468.59 That's the monthly center of its profile and 430.108 That is the bottom of the monthly profile So that appears to be where intuitive surgical is headed towards There is no A to B equal CD to the downside It's trading into a recent sign of strength, so to speak That took place on January 9th On January 9th, there was wide price spread and accelerated volume The accelerated volume was 1.4 million shares Today you're pulling back with 2.8 million shares The support level there would have been 493, you're at 492 That's the bottom of that candle session, the bottom of that gap So the real support level you'd really say is these three lines out there Those would be pulling back to support if it were to do so on lighter volume Well, intuitive surgical is not doing it By the way, those levels would be 493.97 Maybe that holds at days end, I don't know, 485.59 That's pretty close to the low of the session at 446 46, in essence, where the breakout really began And that is on intuitive surgical Also moving to the downside, you've got Granger, GWW GWW is the ticker symbol Let's go take a look at it See if there's anything there that pops up to us It's below daily, that's today It looks like it wants to pull back Well, a close below 2807 would suggest to you and I that 2707 becomes the target That was Granger worldwide, also moving to the downside is Tesla Let's go take a look at Tesla, TSLA is the ticker symbol out here Pulling back today towards support 261.01 That's the bullish structured profile in a weekly time frame Let's go ahead and expand that out Below that would be 244.59 That's the weekly profile, not the weekly profile That is the weekly low, really part of the consolidation here as of recent Now when I say as of recent, I'm really going back to April of 2018 So really for a year, we've seen a consolidation In other words, 87 million shares at that low, last week was 28 million So price pulling back from a weekly perspective into support Again, 261.01, really I'd have to say 244.59 That would be your range inside of Tesla out there What else do we have moving? Dillard's DDS is the ticker symbol Let's go check on it, see where it is headed to That's having a really bad day with volume to the downside out here Profile wise, 65.64 to 58.21 is a number But let's put the daily time frame chart To pulling back to a huge sign of strength The huge sign of strength coming in on the trading session of February 26 Wide price spread and volume accelerated, 3.7 million shares Today you're pulling back with 491,000 shares Nonetheless, the level of support, the breakout began I'd say at 65.09 So it would look to me like that is at least where price is targeted 65.09, that's looking at the daily time frame chart out there 65.64 is the center of that weekly profile So below that 65.09 level on a closing base we'd say 58.21 Would be where ticker symbol DDS, that is Dillard's would be headed to Now we covered Amazon and Netflix, those two stocks moving to the upside Let's take a look at TTD, that is the trade desk out there TTD, let's go see what it is doing So having a nice day, the volume behind the move so far, about 1.1 million shares out here The nice thing is it's trading above daily, weekly, monthly profiles out here Let's see what it's doing on a daily basis It comes into its most recent swing point, that was it's all well It's 52 week high, that was March the 21st The volume out there was 1.1 million shares, you're already at 1.1 So price is moving into a prior swing point, doing it with volume Price should at least test 214.48 out there And that is on the trade desk, not to be confused with a trade desk out there But that is for the trade desk Also moving to the upside, you got metadata solutions That is MDSO, we take a look at MDSO, get a figure for feel for where this is headed to Profile wise, well above the daily, well above the weekly And now above the monthly, the month has not come to an end but it closed above 85 94 is a break, now I can see the three drive, potential three drive to a top pattern out here Let's look at it on a daily time frame and go figure out what's going on Now what price is doing, trading above, well I take that out Trying to trade above a swing point that took us back to the time period of July 23rd That was at 88.87, the volume there are a million shares, you're already at 5 million shares Price should at least retest, if closed below 88.87 A rejection on price but not a rejection on volume And price ought to get back up there to at least test at 88.87 level Actually the three drive pattern much easier to see Yeah, it's not much of a three drive pattern out there There really isn't Well, this one July of 2017, is that where this took me back to? That July, yeah, yeah I don't like it, I don't like it So I don't see a top out here as we speak right now, let me just put this This is MDSO, let me put this over on my other chart Just see if there's anything that pops up at TD setup counts up and along those lines Price moving higher, nope I don't see really anything out here To suggest that the move higher is over inside the metadata Metadata solutions JB, if we have time can I show the gold contract? I can Here it is, here's the June contract for gold Again JB, we discussed this a little bit earlier There is an A to B equal CD to the downside That could take price down to 12.62, even 12.43 If that's going to happen then what price is going to do is Price is going to go ahead and close below its brand new daily profile That just came into formation or is trying to form today And JB, that number to be watching would be 12.7720 12.7720, that's the number, we're trading at 12.7760 Up to 40 cents, a steep road to the TFNN, we'll be right back Since 1984, Basel Chapman has been using the Chapman Wave methodology To advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basel noticed that prices under most circumstances Virtually always had a certain number of legs to the upside Before declining sharply Basel found that computer software which included the standard Market technical indicators enhanced the degree of accuracy In calling price turns as well as market trend calls Thus was born the Chapman Wave sequence Using the Chapman Wave methodology along with other indicators Basel Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial to the opening call Basel's daily trading newsletter by visiting the front page of TFNN.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to Basel's newsletter of the opening call today By visiting TFNN.com It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 When gold was trading at under $300 per ounce Gold peaked at more than $1,900 in 2011 And after spending many years consolidating at lower prices Gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, South African Rand As well as 25 different mining equities with specific buy sell recommendations As of April 1st of this year The gold report currently has 8 active positions with an average Unrealized profit of almost 8% for each open trade New subscribers get a 30-day money back guarantee so you have nothing to risk For all the details and to start your gold report subscription today Visit the front page of TFNN.com Don't let gold's next big run pass you by sign up today You know what's cool? Taking something that's good for you Something specifically formulated to help with weight loss, better sleep, stress reduction And the need to detox Niko, our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment We, our food sources no longer contain the vitamins, minerals and nutrients Our bodies need to stay healthy and strong That's why we need primal edge daily nutrition It includes a special blend of ionic, soil based vitamins, minerals, fatty and amino acids And an easy to use liquid form Primal edge is powered by highly concentrated folic and humic acids Nature's preferred delivery system They have been called miracle molecules because like sunlight, air and water Life cannot exist without them That's right Paige, they ensure we receive all the nutrition we need to be healthy and thrive We take it every morning Primal edge, formulated and approved by Niko and Paige Of living a primal lifestyle Buy it today for just $89 Click on the primal edge banner on the front page of TFNN.com This is David White Stay tuned because coming up next is the power trading hour Right here on TFNN Welcome back folks It was actually, it was actually a canopy growth that JB wanted us to take a look at So my apology there So JB first right off the bat One of the things that we can see is that on Thursday On Thursday's trading action Can it be growth a gap to the upside and closed above the top of a daily profile out there 43.72 So the retracement may be over in it With price being above the top of that profile out here And we can see that the tops of the boxes in essence have held as a resistance zone out here Ever since really the end of February So that looks pretty good And he had assigned a strength that gap to the upside 7.4 million shares out there The weekly is above the top of its profile as well So that's pretty good And the weekly right now as we speak is above JB's green line That's 46.43 From a weekly perspective If you get it closed above the trading session of the week of March 22nd That price point is 48.60 What it does is improves the odds That price is going to get back to its all time high That solid green line that created that TD setup trend line Now you'll have to watch this little bearish and golfing session Key reversal from the week of February 8th So that would be 51.81 So there is still some areas of resistance That canopy growth is going to have to get through out here Do we see anything major? Not really So I hope that helps and sorry about that Real quickly here there was a request to take a look at NOVT So NOVT the ticker symbol is for Novanta And the question was Hey where can I get in on this You're going to need to wait until 82.39 at least That is the bottom of its daily profile You're trading below the center line at 85.40 That suggests a pullback A concern there Oh shoot I didn't get it out here NOVT NOVT And we're done When I say we're done we're out of time out here Be patient on this one 82.30 And the reason why I say patient It'd be a pretty decent topping signal out here A couple of days ago So let's watch that before you step in at 82.39 Folks thanks so much for being here stay tuned David Weitz up next I'll be back with you from 3 to 4 Have a magnificent Monday I don't see you soon