 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. 17th, the terrific Tuesday, otherwise known as the Taco Tuesday 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. 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 make that one little two-by-four shift. It means we can find the gift in every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out 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 that I'm absolutely grateful for your presence here but much more important than that. During this next 60 minutes, I'm here to serve you. So feel free, pick up that phone, give us a dial 877-927-6648. If you can't dial in, we've got you covered there too. Send me an email steve at tfnn.com. Inside the subject heading, please put radio show question. Please send in your email early just simply because of ISPs. Sometimes I get these emails, you know, around five minutes before I'm going off the air and that doesn't work. But we're going to cover the instruments that came in yesterday so we'll do that but I want to hear from you. So the other way you can reach us, if you're in the Tiger's Den, you can just go ahead and ping me private or otherwise. So let's go ahead and get this show started on terrific Tuesday. Of course this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to Lust Show right now. We've got all indices in the green. The Dow is up 71 points. It's about a quarter of a percent. The S&P up 110th percent. Three points. NASDAQ up basically flat. Three points to the upside. NASDAQ 100. The Russell 2000 up four. Semi-Zero up seven. Spot follow tilt index is down two pennies. Where is it? No, up 11 pennies. Straight out of 12, 25. Gold is up 80 cents. Silver down one penny. Lights we'd crude up 74 cents. Natural gas. We're going to take a look at that most certainly. In fact, we're going to do that right off of the right at the open here. But first let's take a look at the leaders to the upside. You've got Amazon up 14 bucks. Riyad of Pharmaceuticals up 11. Netflix 11. Booking Holdings 11. Renewable energy about six to the downside. Shopify down 12 bucks. Three percent. DMC Global 16 percent or eight dollars. Google off six bucks. Oh, 666. That's a devilish thing. Regeneron Pharmaceuticals down five dollars and change. That's about one and a half percent. Oh, I guess I should really share with you my chart. You don't want to see my face while I just tell you about that. So there you go. Now we can see the actual detail. So one of those details would be, hey, let's go see what's going on with natural gas. You may remember yesterday we received a call from Robert in Kansas, a subscriber who was taking a look at possibly going along natural gas. And as we discussed during the show that there was a nice bullish engulfing candle that was confirming this 1 to 1.272A to B equal CD to the downside. Now, as you will know, one of the lines on our chart that is Moi importante. See, I'm just sticking with the Taco Tuesday theme out here is Stevie's red line, red and green line out there. Not necessarily for the holidays. Just two colors I thought would make a whole lot of sense out there. And that is a really important line out there. And what happened yesterday is price tested and rejected it. Now when that line is red, it tells us that our price oscillator, you can actually see that on the screen. That is the difference between the 19 and the 39 day exponential moving average. But when it is below zero, see how the line changes colors from red to green when the price oscillator is at zero. This way I only really need one tool. I only need one line on my chart. I like to limit the number of tools. There's plenty of tools that I obviously have out here. And so I normally don't show this, but here you can visually see what it is I refer to. But there's nothing more bearish in a failed bullish pattern. In this case here, well, there's nothing more bearish and really falling price oscillator below zero. And that's where it's at right now. So we've got indecision out here. Now what I had mentioned in today's newsletter specifically was, well, let's go see what's going on on the short term time frame. So the daily right now is using the old not so fast verbiage and saying, I'm not so sure about taking that long trade out there. Now, why is my, here we go. So then what we do is what I did was yesterday, I believe, what I did was I kept Robert out of the trade because, well, that's a 30 minute. We go to 30 minute, but it was really the two hour chart. Let me pull the two hour chart out here for natural gas. And what we're going to see is that we said, you know what, as we looked at this, this is right here about 12 noon. So we looked at it sometime around now, one o'clock or so. And we saw that it had gotten a wave number seven. That's letter number G. You can see turns and changes and trend around there. And that's exactly what took place. Price move lower until it formed the next potential bottoming signal here. And that was that TD set up nine count and that hourly time or two hour time frame out there. And it did form above the prior breakout area 2.22. So if you're an aggressive trader out here, I can see why you would take the trade. However, and I do mean, however, what we can also see is on the two hour time frame, Stevie's green line is acting as resistance. So I went to enter this trade quite frankly, until there was a close above $2.36. That is the current breakdown area that was formed by that TD set up out there. So that's what I would do. I think right now you're still in neutral zone, Robert, with regard to taking a long trade in natural gas. A daily is absolutely saying not so fast. And the two hour does have a bottom pattern. But again, it has found resistance. So I hope that that helps you out. Let's go out to Martinez, California and speak with Brent. Brent, thanks for calling. Thanks for holding. How are you doing today? How was your weekend? It was just great. Do you thank you much for taking the call? My everything is fine with the exception of Christmas is like around the corner. I know it's coming up fast. It's a little easier to be retired. I got my stuff done. This is probably the earliest I've ever had my shopping done. I'm not going to gloat about it just making a point. Well, I might have to hire you then for someone to help us. There's a potential. Yeah, that could be a whole enterprise there just doing people's shopping forms. Absolutely. Absolutely. Just give me your checkbook. I'll do the shopping for you. No problem. All right, so you want to do some shopping with Mosaic? Yeah, I've been following this for a while and and decided to get in a couple of days ago and just wanted your thoughts on it. Seems like it might be getting through some levels of resistance here and just wanted to get your take on it if you wouldn't mind. Yeah, absolutely. So from a profile standpoint, it's above the daily that was your resistance area 1896. No new profile that is formed. So that takes us up to the next level. We go from daily to weekly. The weekly it's a nice bullish structured profile and would suggest to move up to 2070. Doesn't tell us whether price will close over 2070 or not. So you've got about another 64 cents before this runs into resistance. The monthly is well below its monthly profile. So nothing really there for us to hang our hat on. So right now we've got a level of 2070. As we pull open the other daily chart, we're going to see resistance at 2047. So right around 2047 to 2070 2047 is the TD setup breakdown level out there. I don't have today's candle is not popular. I think I have too many other things going on at the moment. We know 2047 that is where you're going to see some resistance. So between 2047 and 2070 Brent is what I see in mosaic out here. We're going to a heartbreak. Why don't you hold on and I'll answer any other questions on any other instruments as well for Brent in Martinez, California. Steve Rhodes with TFNN will be right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks, ETFs, commodity futures, and forex headed by Steve Dahl. TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30 day money back guarantee so you have nothing to risk. 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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 toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. Dow's up 68, SCP is up 3. We're on the line with Brent in Martinez, California. The stock we're taking a look at is Mosaic. MOS is the ticker symbol and our thoughts are that this is headed up into a resistance area between 2047 and 2070. Brent, what thanks for holding. What else can I help you with either with Mosaic or anything else? When I'm talking to you on the phone and what's happening on my computer and so I caught the chart that has your I guess the TD counts on it there at the end of the white background chart and I couldn't really see it was there. I didn't like there's any particular count down there maybe just somewhat of a bullish candle on that low that it put in but if you could maybe go back to that or at least comment on that part of it and really have a chance to see it. Yeah, so no count that is underway at this moment. The count at the bottom or that bullish reversal candy referring to on December 12th out there, not signaling any type of count bottom or other pattern as such. But that being said, the weekly did have a Rhodes momentum indicator pattern that formed a while ago and price hadn't hasn't really done a lot on the weekly so we can see that pattern coming in here and that actually was confirmed when there was this bullish engulfing candle that formed the week of October the 11th out there. But as we and remember right now on this chart here for it's not updating today's activity I just have I think too many things going on. I don't want to shut anything down just yet. I can navigate around this but it does look like prices headed up to the top of that weekly profile or that resistance area that breakdown area on the daily chart that was out there in that 2040 range. Okay, that's great. That gives me again a level we'll be watching for and if it can get through that then is that next level? Is it like 20 around 23 or something? I'm seeing on one of the charts there it looks like maybe. So yeah, no problem. So the next level I would say the next real critical level if it can get above resistance let's call 2070 the higher of the two resistance points the top of the weekly profile then the next area we would be watching would be the monthly oscillator and change line which right now is priced at about 2140. It's going to be a little bit higher than that because price is not traded in 1948 but it's right around let's call this 21 to 22-ish type area that would be the next resistance point that I would be looking at and that would be on the monthly level. If price can clear that not a necessarily a bottom pattern of the bottom patterns are used but they're not always present at every bottom it's just when they are present at the tops and bottoms that's when you know it's helpful to us in putting together a trade. So that 2140-ish area would be the next area that I would be watching for. So you're about ready to you know get into the battleground areas. Yeah I guess I was looking at that 2481 maybe the breakdown area on that on the daily was what I saw that red line that is coming across. 2047 is that breakdown area for you to for look at on the daily and above that. Yeah it was other ones up higher I guess. That gives me some levels to be watching so appreciate it very much Steve have a wonderful day and rest your week I'm not sure I'll talk to you again before the holidays if not just enjoy time with your family and all the best to you all right. Absolutely Merry Christmas to you and your family. Thanks for calling that was Brent in Martinez California. So we did have a few instruments that came in late yesterday I'd like to get to those for you know folks that were listening in. One is Apple and the questionnaire was there anything new inside of Apple. That was for HD I believe who was looking at that and so HD no new Apple but let's go ahead and put the chart up on the screen or charts here. Here are your daily, weekly, monthly and quarterly profile levels. So the daily in the upper left you can see in blue those are your TAS market profiles above those the weekly on the upper right hand panel well above that above the monthly above the quarterly so everything is a hunky dory here with regard to Apple. Now in the weekly it's probably the easiest to draw your A to B equal CD patterns which is going to be a way for me to segue into another question that came in as well which are A to B equal CDs for the indices out here. Let's just take a look at the A to B equal CD pattern underway inside of Apple. Hopefully I can my mouse will cooperate. There we go. So our A point is down here in the I'm looking at a weekly time frame chart. So I'm just going to use the week of December of 2018. So a year ago that's going to be our weekly bottom. Our B point is April in 2019 and our C that's a B point. The C point out here is going to be the low in June of this year. What we can see is that that was about a 6.618 retracement with 61.4 percent retracement. OK. We use that those Fibonacci retracement is guidelines. It doesn't have to be exact. Sometimes it's exact. But right now what this says to you and I HD is Apple looks like it wants to target from an A to B equal CD price projection. The next level is going to be 28889 out there. So I don't see anything. Let me do this here. Let me take a look at. Oops didn't mean to do that. But that doesn't really matter. You guys can't see that. But a poll over this Apple chart here. This is coming from the new versions of software that I'm remodeling and programming everything. Let me kind of close a couple of things here. Come on work with me work with me. We're live on air. There you go. Just stop right there. So we can see also HD that today is going to be day eight tomorrow likely day nine of a TD set up nine count. So always something to be watching there. That's what the daily chart shows us. The weekly chart what we have here the weekly is going to be in is forming bar number eight. We know that bar number eight can be a top or bottom in this case here because price is moving higher and we've got the eight count to the upside. But it could also be week number nine or week number 10. So it's possible that we don't see any kind of real topping signal here in Apple until the until about three weeks from now two weeks. Well the rest this week this bar eight next week would be bar nine the week after that bar number 10 so to speak the monthly time frame chart with regard to signals out here just price moving higher no less relative energy. But other than that I don't see the TD setup counts out here. Why is that well the reason is because it must not be turned on. So let's do this here. I was doing a little bit of housekeeping. No it's out there. So it is on. There's just no TD nine counts for us to be worried about from the monthly time frame for Apple. So Brett HD. I hope that helps you out with regard to Apple and and thanks for taking the time to write in. Now there was a another question here about the A to B equal CD patterns out here. So we'd reference this when we took a look at Apple from a weekly chart. And in this case here the questions were taken a look at the S and P the Dow the indices out there. Now this is a quarterly chart. And Eddie was asking the question that's who wrote in and he was taking a look at his ABCD pattern he was saying am I crazy out there not him not me him. No I say Eddie you're not crazy out here. No I've got some different A to B equal CD now A to B equal CD patterns it's a visual thing most certainly. And we'll go back and take a look at different time frames because on different time frames there's different A to B equal CD patterns. But Eddie you were really asking about the longer term or the bigger picture out here. And so therefore I'm taking a look at the bigger picture for the S and P by bigger picture we just have to go back to the we take a quarterly chart out here we can knock out a lot of the noise obviously. And so our A point becomes January of 2009 out there. That's our A point from a quarterly standpoint 666. I still get cards and letters from folks that believe that the S and P 500 is headed back there. OK. If that's what you say here very small retracement that we have seen on the quarterly base in the S and P 500 you'll see that the initial one to one price projection is 32 78 ain't no way that that's where the S and P ends. That does not mean we don't have another correction coming and it could be the kind that's 20 percent or more. But over the long haul 32 78 36 77 at a minimum for the S and P. 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 to earn me the ranking as their number one market timer in the nation for the S and P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best in what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options. David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30 day free trial today log on to tfn.com now. TFNN is excited about our new software charting program the Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book the Art of Timing the Trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program the Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys, ABCs, butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com. Welcome back folks so I believe the A to B equals CD pattern on the S&P and all the indices that Eddie I'm just going to use and stick with the S&P and we'll go to the other questions that have come in here. I believe that what Eddie was using was the lows from back here in 2016 so that's your A point out here I'm going to use. I can't tell which low it is I'm just going to use the low from February the week of February 8th out there as my A point my B point I'm going to come out here that is September 17th and then the C point is the week that began December 24th of last year so that becomes our C point there's your one to one A to B equal CD now what I would share with you about this pattern here Eddie and I know you're saying to yourself is this real is this possible and the answer is yes you've passed a B point to swing point out here I don't know if it was done with volume or not it doesn't necessarily matter if you do it then you've got more conviction that's all that it really means out there because when you really take a look at A to B equals CD patterns where I first began to really use these was in the currency mark where you had no volume at all to be able to rely upon and the currency market A to B equals CD patterns worked just fine here's what I want you to really understand and the most important thing if you're going to go ahead and draw your own A to B equal CD patterns many of you may not have this tool well first because I program this tool for my different applications but you do have a line tool and so you can draw a line from A to B and then you can figure out exactly what that distances are copy and paste and that's what I would recommend you do is copy and paste that line what I want you to always do is maintain the exact same angle I mean exact from the low of your A point if it's an A to B equal CD to the upside to the high of the B point and then that angle should be the exact same angle when you decide where your C point is well the market really decides that for us right it does 75% of the work and that was the lows out here from last December and what I want you to pay attention to the reason why that's important is because what this is helping us to understand is the strength of that A to B move and where is the strength along that C to D leg and right now Eddie the if you were to just simply just say this was the ultimate this was your A to B equal CD pattern and you're asking what's the likelihood of getting to 34.77 we'd say the likelihood is huge gigantic it's a you know I can't give you a percentage on there I can say huge and gigantic though the reason is is because this is a stronger move now the move along the C to D leg is stronger than the A to B leg why how can Stevie say that because price is well on the left side of that move from a time standpoint it's moving higher quicker than it did along that A to B leg out there so 34.77 was the 1 to 1 but 37.84 would be your 1 to 1.272 so we can draw all kinds of A to B equal CD tools these are our price progressive tools out here they help us to identify where price may be targeted of course we need to understand as Brent and I did we spent time trying to figure out where's resistance where are the sellers hanging out because that's really important and that's what we do when we use the profile levels for example here's our profile levels for the ES mini for the NQ for the YM for the Russell 2000 they assist us there are no new market profiles as we speak at the moment so I hope that that helps out any answers your question let's go to another question that came in here this one coming in from Dan and Dan has some puts in the JNUG out here the junior nugget and so let's just try to help Dan with regard to the junior nugget and take a look at the daily timeframe chart I think that that's really what you're interested in and so at this stage of the game here if we were just simply going to rely upon looking at the JNUG chart out here and it's task market profiles um we would say that this thing has hit support and support is 63.92 out here so you've got a put on this I believe and you may have just today seen the low for JNUG at least this is a bullish structured box out there I don't know whether you're in whether you know whether you've made money on this trade or not but if it's me and I'm just relying upon the junior nugget out here I'm telling you this thing is back at a bullish structured profile level 63.9 I'm not telling you that the charts are telling you that 63.92 the actual low today 63.89 if price closes above 63.92 prices held support held support in a big way and if you're looking now I would have preferred to have gotten pulled up this chart it saw the price was trading below the bottom of a bullish structured profile but that is not the case out there and the other thing that it looks like it's done again today's data not being populated but you can see that Stevie's line changed from red to green we always talk about a meetup and it looks like a price and that's also at 63.92 looks like prices tested two key levels of support and thus far has bounced off of it so if it's me and I believe that that trade that you're in expires soon I would be getting out of dodge so Dan I hope that that helps you out with regard to the junior nugget no reason for us to really be spending any time on the the weekly or the monthly chart we could go at peak take a peek at gold see what its message is there gold here not doing much just trading between support and resistance its resistance line happens to be the top of its profile that's at 1481 from a daily perspective but it wouldn't surprise me to see gold drift higher maybe even to 1497 I'm not making that call I'm saying it wouldn't surprise me I don't see I just see a consolidation out here and when we take a look at a weekly time frame chart for gold this is the warning sign this is the warning sign and Stevie's mind out here is the weekly time frame it really puts things in perspective let's go ahead and expand this chart well it's expanded when it populates I don't know what it's resolving says resolving symbol there's not much to resolve out here so I'll just have to describe I don't know why it's doing this but I will just simply have to to share with you what the weekly looks like which is just small bodied candles for like the last I don't know five six seven weeks out there something like that is my recollection very small bodied candles in the body the candles truly the essence of price so someone some ones out there have got their thumb down and are capping price from an open and closed standpoint sorry that it's not populating don't know why but it is and and so I can't show you that so you're just gonna have to go look at the chart yourself or just believe that what I'm shared with you is in fact the real deal no reason not to we had another question that came in out here let's go try to take a look at it it the question is taking look at tick symbol s cco s cco let's go take a look at it that is southern copper out here let's go try to figure out what s cco is doing right now this is trained above daily weekly monthly profiles so it is trained above all resistance out there so that is a beautiful thing let's try to figure out what it did yesterday because I don't have today's data but that'll help us so it looks like what this is going to form today is a TD setup nank out now yesterday's high may have been the high out there sylvia so you've got a valid topping pattern that is in place not not not because yesterday was a bearish engulfing candle although that kind of helps the message out here but yesterday was the high the high usually would come on an eight a bar eight nine or the bar following nine today we know that price is not it's trading below that high you can just take a look at the daily chart out there this is going to be day number nine or appears to be day number nine of a TD setup nank out I would be watching Stevie I'm not saying short this although it is a top but the confirmation would come with a closed below Stevie's green line currently at forty thirty four right now forty thirty four support topping pattern the question is can sellers push price down below the first level of support the first level of support forty thirty four where's the second level support folks when you take a look at this chart out here exactly it would be the top of the daily profile thirty eight fifty seven then you've got thirty seven ninety eight the center and then you've got thirty seven dollars the bottom of the task market profiles those are your support levels for ticker civil s cco that's other copper steve roger tf and you're right 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 bank rate calm the best rate for a four-year cd in the country as 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to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and 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 and investment in the funds is subject to risk including the possible loss of principal funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight 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 for the latest market information welcome back folks down to 51 s and p three points ndx is uh seven i'd love to hear from you eight seven seven nine two seven six six four eight uh let's continue taking a look at a couple instruments additional instruments that sylvia wanted us to look at i've got no other request in the q out here and one of those was constellation pharmaceutical cnst out here what we can see is that uh there's resistance here both the top of its daily and weekly profile so between 4829 and 4992 is going to be your resistance area sylvia now you've got to be careful in this equity because uh this confirmed a nice roads momentum indicator topping pattern i did this on december 10th that uh bearish engulfing wide ranging bar out there so uh price may be just simply making a counter trend move up to that resistance area either 4992 or 4829 now it's a daily chart that is the one that shows the uh a caution signal the weekly does not show the same caution signal out here it shows that that week that we saw that or that day that we saw that move lower was nothing more than a test on the weekly basis of steve's green line out here so this still remains bullish but i would say it doesn't get back to its really bullish nature until price would close above 4992 so that's what i see when i take a look at constellation pharmaceuticals the last one still we want to look at was sprt so let's go take a look at that that is support dot com out there sprt and uh this is um i'm just going to say don't trade it it's too ill liquid i think it stays where it's got 30 000 20 000 18 000 shares if you want to try to get out of this puppy um may not be that easy to do out here buck 93 uh that being said is there anything really significant that i see hey look price is trading above the daily the weekly and the monthly top of its profile so from that perspective okay uh have at it price was moving higher doing less route of energy no bearish rewell i take that back you got a bearish reversal candle back here on the 13th um i don't know this is just so so ill liquid that um you know my tools work for sure you know they help us identify the patterns out here for example on the weekly what you've got sylvia's you've got a td set up nine count that has been confirmed well below the prior nine count which was at 255 which would have been your resistance area so that just says some caution out here um but maybe you are following this sylvia and if so the best that i can share with you is hey look if you uh you're able to take out that nine count the high from last week do it within the next couple of weeks you're in pretty good shape out here uh when i say pretty good shape for price moving up i would say the target would be about two dollars and fifty five cents out there that's your next real resistance level so i hope that helps you out that's it for sylvia no other request so we're taking care of uh apple junior nugget the a to b equal cd pattern so what should we do hey let me show you the fish i caught a couple fish actually this was sunday's fresh kitsch of the fresh fresh catch of the day this is a nice 50 pound wahoo now if you've never gone wahoo fishing out here in the uh off the atlantic uh and they're starting to run right now so we were pretty lucky we actually went out specifically to catch uh some wahoo so we had some special local lures that we were testing out they actually worked pretty good and uh but when you're yahoo fishing you know you're you're you're trolling at about eight to nine miles an hour and so we were we caught both the mahi mahi and this as we were i as we were headed south so it was the wind was coming from the north so we had the wind at our back and um but the current was going against us so you gotta picture this i got a boat that's going about eight miles an hour south into the uh into the current uh and and knew that we had a big fish out there and it took probably about a good half an hour to bring this uh big boy uh in and uh in my smile that's about 45 minutes later after i recovered because uh how close to shore no we were the depth that the wahoo run around here bill is about 108 we found 185 feet was was really the area to be catching though so um you know a mile or so off shore half a mile three quarters of a mile offshore this is this is here we came back in afterwards but we also caught a it was a good day good sunday you know we were out there we get out we leave about 6 30 in the morning get out and so we also caught a a nice little dolphin out there so that was like about a 20 25 pound this guy here was 50 pounds it was a and then while we were catching that we saw a couple of marlin that were jumping so it was a good sunday it was cold as can be i started out in my long underwear that's because it was in the 50s with a northerly wind okay so do we have a request out here we've got a request from uh uh from avid is the uh ticker symbol out there so let's go take a look at avid see what it is and what it's doing out there and that is for lorna in the den so avid is trading above its daily profile that's avid technology above its weekly profile and inside its monthly right at the center of the box so it's get to at the center which is 886 lorna that is where both on a we'll talk in longer term now the monthly chart where both buyers and sellers believe that there is fair value out here at 886 so that's what that chart shows us on a daily basis no problems i don't know if you're long if you're short um but right now we know that price is trading above the top of its profile out there and uh looks like it's trying to form it's got a rose momentum indicator signal doesn't mean it is topped or anything like that you don't have a bearish reversal candle yesterday certainly was not it today is not it as we speak uh or at the moment right now you've just got a little doji candle out here so it looks like it wants to move higher let's see was there any breakdown area on this where's its next level of resistance out here so i don't have that here let me look over to the weekly chart for you see if there's a level of resistance that pops up we see support that's for sure support not because price above its profiles out there 662 support is going to be 780 or right around that level uh that is a steve's green line out here uh so i don't see any real problems on the uh daily on the weekly on the monthly just simply that price is sitting at a level of support so if you're in it to win it i don't have a reason for you to exit this and i don't have a reason to say that this would be a short uh you know resistance looks like it's in this $11 type area out there so that is a ticker symbol a v i d out there uh question from jimmy what just happened to spy huge spike down uh and then a recovery well i i don't actually know the answers to that um i don't see a huge spike you must be looking at a minute minute to win it chart out there if i take a look at the es mini out here jimmy just look at a short term time frame chart we're just trading between support and resistance let me do this here because it's a little bit cleaner just a little bit cleaner here jimmy you'll be able to see this look at the most important thing that you you and i can do is really understand where support and resistance is understand where it is for the different time frames that we trade here is going to be taking like your td set a breakdown and breakout levels for three different time frames 30 minutes up at the top 60 minute is in the center and 120 minute is down below and what you'll see the daily really if you just want to understand today's action trading between resistance that's 320 250 td set up nine count breakdown area trading between support 3193 50 a td set up nine count to the upside that's the range we're in that's it pretty quiet market price is just doing that just consolidating between support and resistance see roger tfnn great since 1984 basal 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 basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basal found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls bus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basal 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 basal's daily trading newsletter by visiting the front page of tfnn.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for tom o'brien's gold report the summer is over gold is trading back above $1500 and the 10 year treasury is hovering at around 1.5 percent tom o'brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the xau hui gdx the dollar as well as more than 30 different mining equities as of september 3rd gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com 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 nika our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids natures preferred delivery system they've been called miracle 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opportunity in the market for the dow 30 plus thousand you know in essence he's asking do i still have the same the same thought process the chart patterns now have changed quite a bit eddie and and so no my thinking has changed because the chart patterns have changed and and this is what i want you to really take a look at so if you're just listening in i believe you listen on your radio i want you to go back and watch the archive and just zip all the way to at least 155 in the afternoon you'll take a look at this chart here if you take a look at the upper pack portion it is the s and p cash indices if i was asked if i was given just one pattern that i had to trade did a trading contest or what have you and somebody said there's just one pattern that you're going to trade you can use whatever timeframe it is to go and make your trades what would it be it would be the roads momentum indicator not because i named it after myself because it is the most reliable for helping us identify tops and bottoms we want to be able to sell tops and buy bottoms not sell high and buy low who the heck knows where high and low is it but tops and bottoms a whole different scenario look at all the topping signals daily and monthly and then we've got a few on the weekly whether it is in the sectors in the s and p 500 all of the indices that are out there obviously the equity futures contracts as well and this is spelling trouble the likelihood of trouble i don't know what the trigger is so there's going to there would have to be a trigger nothing has been confirmed look we use a very methodical approach and a methodical approach that we let the market tell us but right now the market is telling us all kinds of warning signs we know that the market makes bottoms typically the end of january the middle of october if we get some type of topping confirmation out here folks this says the markets move lower into next october or the following january based upon the seasonal cycle folks thanks much for being here stay tuned my favorite polar bear david whites up next tom will brine to take it at home i'll be back with you on wonderful wednesday take care folks