 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 July 12th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us, not to us. That's right. So one little two-by-four shift 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 circumstances 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 at just past one o'clock in the afternoon. I do want you to know I am absolutely grateful for your presence here, but more important than that, and that's this, during this next 53 minutes I'm here to serve you. So feel free to pick up that phone. You can dial on at 877-927-6648 if you can't dial in, we've got you covered there too. You can always send me an email, send it to Steve at TFNN.com and inside that subject heading, if you'd be kind enough to put, radio show question. Of course, in our Tiger's Den, well, any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now we've got a bit of a mixed bag out here, that mix coming from the S&P and NASDAQ, which we've gone just slightly negative, basically flat in the S&P, NASDAQ is flat as well. Dollars up 98 points, Russell's up 8, Semis are up 23, Trannies are up 78, you've got gold trading out at 17.26, that's back five bucks, Silver's off 16 pennies, 18.96 is the print there, lights recruit off 7.80, 96.31, you've got natural gas out of 26 points, 26.26 cents, that's down a little over 4%. She's trading at 6.15 to 30 year treasury, up at the 139.13 level, that's up by 22 ticks as we speak, lead to charge, dollar-wise the upside, you've got booking holdings, that's up 27 bucks, 1.5% charter, communications, 19 bucks, four and a quarter, Boeing is up 11 bucks, 8%, big move there, BlackRock, up 8 bucks, 1.3, 10th percent, SVB Financial, 9 buck runes, it's up a little over 2%. To the downside service now, up 53 bucks, about 11%, Paycom software down 24, 8% Thermo, Fisher down 19 bucks, 3.5%, Atlassian Corporation down 8 bucks, I'm 8% at 17 buck runes and Paloal Networks off $16, 3% to the downside. So what do we got out here? Good question, I tell you what, we've got a quick request, I was gonna go to it any by the G-Man, and that was a take look at Apple. The reason we're gonna take a look at Apple, go over into this three time frame, then we'll go into the actual charts, the equity future charts out here. Well, we can see about Apple, so there's an A to B equal CD to the upside, so we'll draw that in, and prices attain that level. Does not mean that the move higher is over, but the A point down here is January, sorry, June the 16th. The B point out here is to move up into the high on June 27th, and the C point is a move on June 30th. Man, put that in there. There we go. So you can see 148.22 was the one to one price projection for the A to B equal CD pattern. Well, the actual high today, 148.45, you gotta love it. Does that mean that the move is over? No, in order to complete a sell the D point pattern, we would need to see some type of bearish reversal candle. Don't think that'll happen today, but anything is possible. The other thing though, that we want to watch in the case of Apple, really a couple of different things. Let me just expand out the daily chart, make it a little bit easier. And the first is, or the second thing we want to take a look at, G-Man is the top of its daily profile. So we know where the snipers are sitting. The snipers sit at the top of a profile. That's where the sellers are at. That level, 147.55. We're trading 147.59 right now. And so we're up against a level of resistance. Now, if price can close above 147.55, that would be a bullish outcome. However, let's go take a look at this. We can also see that Apple is trading into a swing point from the trading session of June 1st. Now that had a volume of 74 million shares. If we just do straight line math, what I mean by straight line math, we take the 42 million shares that have traded so far today. We divide it by three and a half, because there's three and a half hours that have gone by. And we multiply that times 6.5. Well, that would give us a figure of about 78 million shares. So price is moving into, now I don't know what it's gonna look like at the end of the day. Obviously you've got the open to buy. So a lot of your volume isn't at the first 30 minutes, first minute, so to speak out here. If we take a look at what Apple is doing, if the volume holds up, it's moving into that June 1st swing point with volume. That had 74 million shares and we're maybe at about 78 million shares. Well, just, we won't know till day's end. But this is looking like, unless we get a bearish reversal candle that Apple wants to make more than a one to one A to B equal CD. That next price projection would be 152. So we really want to watch the top of that profile, 147.55. We want to watch that at today's end. If we take a look at the daily timeframe chart out here, the daily timeframe chart for Apple, my recollection is this is a TD9 count bottom that formed on June 13th. And so if price can clear on the daily basis, can clear the top of its profile, what that then does is that opens up the commona for price to move up to the 163, 167 level. We don't have that signal just yet. And price can need to clear that June swing point in order for that to take place. But likely what Apple is suggesting to us, at least from an intraday standpoint, is it wants to go spike the ball. Spike the ball says get up to the 151.74 level. And it'll especially give us that message if price closes above 147.68 or 147.60 right now. So that's what I'd be watching with regard to Apple. So how does that relate to the general markets? Well, let's go take a look at the charts for the NQ. So we'll switch panels out here and we'll take a look at the multi timeframe set of charts for the NQ. And the first thing that we will do is I've been to move something over there because things have changed just slightly I believe since we were last together. If we take a look at the NQ for its 60 minute timeframe, well what this chart is doing is looking at the, nope, it has not changed. It changed for a second and now it's back. What I was gonna say is, as the show was beginning 13 minutes ago or so, we had that little bullish crossover but that has given itself up for the 16 minute timeframe. Let's go take a look at the one hour. And what I mean by that folks is right now, as we speak at 1.13 in the afternoon, 36 instruments are trading above the top of their 60 minute profile, 43 trading below the bottom. In order for the bullish move to continue, it's certainly like to see this with a bullish crossover. The other timeframe where there's two or three other timeframes, you got the four hour timeframe chart. Four hour timeframe chart, so it's 37 instruments above the top, 33 below the bottom. That is bullish or a potential bullish signal. And if we take a look at the daily timeframe, daily timeframe still in bullish fashion, 27 instruments trading above the top of their daily profiles and 15 trading below. Of course on the weekly timeframe, that's where it's a real booger. And that is 63 instruments, oh, I'm sorry, eight instruments are trading above the top of the weekly, 30 below the bottom. So what's all that mean? That means that we'd likely have a choppy market, which is what we've had so far. No reason for that to continue if those market profile, market breadth levels change and they all switched with the exception of the weekly chart. If the other three, the daily's already bullish, 60 minute was slightly, no, the 60 minute was not, but the 240 was. All three of those get to their merry way. Then we should see a little bit more of a concerted rally out there. Here we've got the daily timeframe chart. What do we have today? Nothing other than taking out today's lows. The five hour chart formed a road spin indicator top and that pulled price right back to support. That was the bottom of the profile. But this morning's rally ran right into resistance. That's at that green, us that are in change line at 11, 985. Steve Rhodes with TFNN. We get back to this break. Let's go to our first request taking a Devon Energy and ticker symbol XBI, the biotech for the S&P 500, we'll be right back. Time of glooming inflation. We are purchasing powers eroded. There's no better place to protect your hard earned money than ain't gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Mount Todd feasibility study which resulted in a seven million ounce gold reserve in a 16 year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Mount Todd as an attractive, devious pot ready development state gold project. This the gold trades on the New York Stock Exchange under the symbol VGZ. 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. 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Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's daily market newsletter, Market Insights is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com. TFNN, educating investors. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks, you got the Dow's up 80, the S&P's up two, the Nasdaq one are down about four points right now. Let's take a look at some of the requests that have come in, we can always go back, take a look at the equity markets, equity future contracts, see what they're signaling to us. But right now we're gonna take a look at Devin Energy. Take your symbol there is DVN. This is for Rich, Rich writes in and he says, happy two for Tuesday, could you please provide your analysis of DVN, looks to me like it's trying to form a bottom at the 200 day exponential moving average, so you're considering buying some. Okay, so you've got the 200 day exponential moving average, you've got that all figured out here. If we take a look at my chart, so you've got the daily, weekly and monthly that we're showing right now. The daily timeframe confirmed a roads meant to be indicator bottom pattern, it did it when it generated a three river morning star pattern, that was over the three day period of July 5th, July 6th and July the 7th out there. So support, you've got really two levels of support for Devin Energy, Rich, one is gonna be the bottom of his profile, 50.07, the second is gonna be the low of that candle formation and that's at the 48.86 area. Now, what Price did after forming that confirmed roads meant to be indicator top was it went right up to where it should have gone and that was that red oscillator and change line. And that's the issue here because Price has deflected that. That says we still have bearish momentum to the downside. In other words, we have a falling Price oscillator below zero. So this suggests that Price could pull back to 50.07. So I know you're looking for an entry point. So it's maybe, so you've got it figured out. I believe, let me just take a look at what the volume matrix is today as Price pulls back. So I'm gonna do this on my other panel out here. It's just gonna be a bit easier for me to do that but I'll share with you the results. So Price is pulling back into the July 6th swing point that had volume of 16 million shares. You're at 5.4 right now. So Price is pulling back with later volume. So if you wanna use your 200 day, I get it, that's fine, just know that it hasn't proven itself to you and a bit concerning that Price has been able to unable to take out that red oscillator and change line. If we look to the weekly timeframe for Devin Energy, we don't have a bottom pattern but we do have perhaps a bottom signal and that signal was that last week was a hammer candle. So we do know that Price is trying to hold that low. That's the low that we gave you that said if Price closed below that area, support will have failed. Well, the same thing on the weekly timeframe and then Rich, that would be signaling a move to 4131. Now the monthly timeframe chart shows 18.9 count top and it also shows that Price has pulled back and so far right now, Price is holding that green oscillator and change line and so for the momentum time period, what we have is really a neutral signal but support is held. So support is held on the monthly, a nice buy signal on the daily with caution because of Price rejecting that red oscillator and change line and the weekly says, well, I'm trying to form some type of bottom by giving you a signal of producing that hammer candle. So I hope that that helps you out. Let's take a look at your next request that was XBI. XBI, that is the ETF for the biotechs in the biotech sector of the S&P 500. It's my recollection. And you're looking, this has also XBI has been trending up for a few weeks, yes. Where would you consider to be a good entry point? So if we take a look at XBI, what this actually did was this formed a roadsman to indicator bottom back on May 12. Price makes a run, runs into resistance at the top of its profile. Looked like it was going to take it out and there were two sessions with a close above it but that third session said, cyanara baby, I'm going to go test support. Support was the bottom of that daily profile. Kind of similar to what Devin Energy is doing, although in the case of XBI, price was able to take out that red oscillator and change line. So really not the same. So I shouldn't have said it was similar at all. Similar from the standpoint of price pulling back into a roadsman to indicator bottom. On the XBI, I don't know if it was done with a lighter volume, but let me just check that out. So the swing point out there, which was on May the 12th, that volume of 25 million shares. June the 13th was a test was 16 million. The next day, 13 million. The next day, 14 million. The next day, 10 million. Then when it took off, which was that following trading session, it took off with volume, 26 million to the upside. That was your sign of strength out there for the XBI and that it's made that move higher. Now, what price has done, so today's move out here from a momentum standpoint, Rich, this was your bullish signal, your entry point out there because what price did, the oscillator change line changed from red to green. That's around July the 1st, July the 5th out there. And usually you get a topping signal when price pulls back and test that level. Usually, not all the time. In this case here, what took place yesterday was price got back, tested it and rejected that level. Now, there is a new profile on the weekly timeframe. That formed yesterday. And so your support level is 78, 59. So not only was price pulling back to test its green oscillator and change line, it was testing the bottom of that new profile, which is slightly bearish in structure. Slightly bearish because the center, Rich, is at the 82, 21 level and the top is at 84, 63. But for the most part, do you think at this stage here, I think that price will go target that 84, 63 level. I don't know that it's the best reward risk to get into it, but you were asking me, where is an entry point? You said a good entry point. You know, depends what your play is and for what period of time. We're in these shopping markets, so maybe short-term trades are really the thing to take a look at and do out here. On a weekly timeframe for XBI, certainly I can draw in an A to B equal CD pattern out there. That's the only bottom signal I would have. It doesn't really matter at this stage, whether it did form one of the bottom patterns that I utilize or not because price above the top of its profile. So that's bullish. The daily timeframe is bullish. And the monthly timeframe, what price did was it pulled all the way back to its third breakout level, it's 64, 30. And that area is held. And we can see that this has an oscillator and change line that also has changed colors. So with daily support holding, with the weekly breaking out above the top of its weekly profile out there, and with the oscillator and with the bottom holding a breakout level, more likely than not, what XBI wants to do over time is go target that 9831 level. And I'm not saying it's 9831 that's gonna hit exactly. That's what the number is right now for that oscillator and change line for its monthly timeframe. Woo! So I hope that helps you out, Rich, for your two for Tuesday out there. Thanks so much for taking the time to write in. We've got a request out here from Dr. P. Dr. P wants to take a look at, can we look at, oh, how about that? Looks like we've already done that. So say Steve, would you take a look at XBI? Okay, we've done that. Thought of biting around 60. So 60, what would that take us back to? 60, even if price could close below the 7850 level, and that's what you would need to see Dr. P. Then I'd be looking at first 75.94 and then maybe 68.86. But we don't have a message right now that suggests that that is like the outcome. Then you go on to say looking at it as long-term investment, bigger balance coming or back to a 60. So at this stage here, I don't have, I don't show anything, get with it, getting back to 60. In order to do that, you first gotta clear and close below 75.94, and that's not the case. You're looking at this as a long-term trade. I think what we have to do is get to a long-term bottom in the market out there. And I am unconvinced at this stage here that we've seen the actual low in the market out there. So from a long-term standpoint, you might be waiting until, so we know that the markets, generally speaking, have a couple of time periods where it makes significant bottoms. Not always, but time periods. Those time periods are the end of January, and really the end of, and the middle of October. Those are the two primary time periods where markets make bottoms out there. So the question is, what happens as we move into this October? That might be the first time, Dr. P, that you wanna take a look at a longer-term trade in this market. Steve Rhodes with TFNN, hope you rate that. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To sift yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. What I've got up on my screen here is the 125-year history for the Dow. And what this shows is, so I mentioned before we go into break, typically you see significant, the significant bottoms typically form at the end of January. So here where my cursor's at, that's around January 21st on average. Then we take a look at another significant bottom that typically forms. That's the one that's in October. Here, it's for the 125-year period it's got at about the October 26 timeframe out there. Now, let's go take a look at, let's go back and take a look at XBI. Since we had two people that wrote in about it, give me a moment here too, why isn't there XBI? Go ahead and pull this up here. And it's got different patterns. Now, if we take a look at XBI, which we know is in a bullish run out there, we took a look at it. In fact, I think we came back and said, yeah, likely we should, should see price move up towards that 98-34 level. Well, in the case of the XBI, traditionally speaking, or at least while let me take this back, 16 years. Yeah, so over the last 16 years, XBI has formed its top in the third week of July. That's taken a lower into August. Then you have a nice rally into the middle of September and then pull back into October, October 27. Now, that's a traditional pattern. Only have 16 years worth of data. So, does it really make sense to put in the midterm election cycle process that gives us about five years out there? Well, we can put it in. And so we're looking at five years worth of data. And this is suggesting in the case of XBI that it makes a bottom around July 17th. But this is not the pattern that I see that's in play as we speak right now. Instead, it looked like it was more of the pattern that we just took a look at when we took a look at all years out there. Let's take a look at Devin energy. So let's take a look at DVN out here. And whoops, I started at DVN. There we go. See what it is doing. And so with regard to Devin energy, we've got 36 years worth of data. Now, in the case of Devin energy, ticker symbol there was DVN. We know that that was pulling back. And that was pulling, even though it had a daily, I believe it was a daily rogment to indicator bottom signal, price is pulling back, lighter volume out there. But I did say that in the case of Devin, price ran up, hit that red oscillator and change line and then rejected it and it's pulling back. So we still have that falling price oscillator blow zero. So it's possible that Devin energy, now typically in an annual seasonal cycle process, doesn't usually bottom until about the end of July and then it moves higher into the November timeframe out there. So that's the normal season. Now, because we have 36 years worth of data here, I feel more comfortable when we put up the midterm election seasonal cycle to say, okay, maybe this is what's happening. Now, in the case of Devin energy, this shows a top or significant top around the middle of May. The actual top that came in, significant top that came in was in June out there. So it wasn't in May, but nonetheless got that top and price has been trading lower ever since. And so in the case of Devin energy, boy, look at this, doesn't typically look that good, but that's the seasonal pattern during the midterm election cycle out there. So I just thought that I would share that with everybody in the audience. We've got a couple more questions that have come in. So let's go to those. The first one coming in from Hector and Patty. And Hector and Patty want to take a look at the energy sector, the XLE. So he says, Happy Taco Tuesday, thank you. XLE, when the shooting stars appeared at the beginning of June, we dumped our XLE wagons. Is the XLE by the D point back on? So great question. Let's go take a look at the energy sector, the XLE. And because he's talking A to B equal CD patterns or Patty and Hector, are we're going to go back and take a look at the black background screen and then we'll switch back over to the white charts out there. So the black background screen, what Hector has asked is, is there an A to B equal CD pattern? The answer is, if there is, let's see, the swing point that I would look at would be June 23rd, 56 million shares. When that level was passed, it was with 48 million shares on July the 6th. Today you're down with only 22 million shares, the price below that swing point. So do we have an A to B equal CD? Certainly not on a daily timeframe. It hasn't been confirmed. It could confirm. And if we did get a confirming A to B equal CD, then what you're looking at is not lining up those wagons until we see price get down to the 53 level or maybe 46 out there. Now that's coming from the daily timeframe. But that at least answers the question. We do not see an A to B equal CD pattern out there to help you load up the wagons. We are trading below the bottom of a bullet structure daily profile, below the bottom of a weekly profile. And that suggests that what Price wants to do is make its move to 6416, the bottom of the monthly timeframe profile. Now let's go back and take a look at the white background charts. They may have other signals for us that we need to consider. And while a lot when we take a look at those signals out there, what you have very much like Devin Energy out here, the XLE formed a rose momentum indicator pattern. It's did it a couple of times. Well, just one time. This three river morning star pattern out here. But again, in the case of the energy sector, Hector and Patty, what's Price do? Gets up to that red oscillator and change line and gets deflected. And now we're trading below the bottom of that profile and it's trading into its swing point from July 6. Now the July 6 swing point out there has volume of 48 million shares. So far today we've done 22. That's light in the loafers out there. But nonetheless, if you do close inside that swing point, you could go down and test those lows out there. So you got a valid bottom on the daily. If you can test that low, that low being 66.45, do a lesson 48 million shares by day then that could be your buy signal out here. And perhaps Price would get up to the 74.88 area. If we look at the weekly timeframe chart, no signal at all of the bottom. In fact, this says you could see a move to 54.26. In the case of the monthly chart out there, you've got 65.99 as your potential level of support. And that's that green oscillator and change line. So a monthly TD9 count pattern, Price likely to test at 65.99. And I say, do not back up those wagons and load up out there Hector and Patty. Just don't see it in the chart patterns. So I do want, now we can take the XL lead. Let's do where am I at screen wise. I've got to change it to this screen here. For some reason, my other screen, when I put this over there, it starts blinking on and off. So don't know what that is, but we've got this screen here that we can use. So what we'll do here is put up the XL lead or XLER, which is not a symbol, by the way, to my knowledge. And we take a look at the XL lead. And again, we're just looking at the seasonals out here. So from a seasonal standpoint over the last 23 years, the XL lead should continue to move lower into when? October. Yeah, so that's a potential. Of course, we really got to take a look at late-speed crew to see what it is doing out there. Now that's without take a look at the midterm election cycle. Well, if we take a look at the midterm election cycle, says the XL lead doesn't generate a bottom until typically the third week of July out there, specifically July 22nd. But we don't use these. We use these as guidelines, not as exact dates out there. So that's what's going on with the energy sector, Hector and Patty. I hope that helps you out. Thanks so much for writing in and have a terrific Tuesday. Terrific, Taco Tuesday specifically. Let's go to Yvonne, who is asking about the doctor, Dr. Copper and Freeport McMaran, looking for an entry point. So thank you, Yvonne, for that kind comment out there. And very, very, very nice of you to say. So let's take a look at Dr. Copper. So for the Copper contract, we want to go to my other charts out here. We want to go to this set of futures charts. Now, in the case of Copper, I'm thinking it's September. Let me just make a double check out there. Is it September or is it September that's a contract? No, hold on, hold on, hold on, give to Stevie. It is September. So now we've got the HG0922 out here. Let's go see what it is signaling to you and I. So give me a minute for this to populate. So on the daily timeframe out here, in the case of Copper, let's open this screen up. What do we have? All right, so we Copper generated a confirmed by the D point pattern. And it does it back here the day of July 6th when it generates a bullish hammer candle. Now price is trading into that hammer candle. And if price were to close below its low, that low out there would be $3.27. And that would suggest that price is gonna continue to move lower out there. That's the daily timeframe. So let's do this, Yvonne. When we get back from this break, we'll finish, take a look at the doctor. Try to give you our best assessment for what is communicating to us at this moment in time. We'll be right back. 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Yeah, folks, we're taking a look at the doctor. What I did hear, Yvonne, is I went ahead and put the weekly chart up on our screen for us. So both the weekly and the daily timeframe formed those bottoms out there and the weekly's got that nice hammer candle. And the price closed below that. That low, by the way, was $3.27. That then is going to signal a move back to the 307 area. Now you can see the A to B equal CD pattern out here on the weekly timeframe. And that was confirmed with that bullish hammer candle. If I didn't mention that, I think I did, but I certainly want to mention that. It closed below the low of a hammer candle. It says if you're wrong, you're wrong out there. So that's coming from the weekly timeframe chart for Dr. Copper. If we take a look at the other intraday time periods, like a five-hour timeframe chart, what we see here is that prices pushing lower, less relative energy. A bullish reversal candle would suggest for that timeframe, a bottom has formed. You're below on the 240-minute chart, you're below the following bar number nine. And if it closes below that area at two o'clock, and that's 15, 17 minutes from now, no reason to think that that won't happen out there. That's negating that pattern to suggest lower price. You are at bar number eight on the 120-minute timeframe chart. So we're getting conflicting messages out here. I'm just narrating what the charts are communicating to you. Sometimes we get that conflict out there, very much like the markets. When we took a look at market breadth, we took a look what the other messages are. It's really conflicting signals. All would suggest really chopping us out here. So I think with regard to the doctor, you need to hold off and wait at this stage and see how the next couple of days play out. But you've got your parameters at least the key level of a bottom to pay attention to. So I do hope that helps you out with regard to the doctor. You also wanted to take a look at Freeport-Macmaran. So I'm wondering if you were asked about Freeport-Macmaran because you were saying to yourself, U-D-U-S-D, that, hey, if copper's formed at the bottom, then maybe you want to take a look at a long position in Freeport-Macmaran. The real question or the real thing that you want to look at for Freeport-Macmaran is the Australian dollar, which I've just punched up on the screen here. And in a moment, I'll show you that that's the real correlation, or at least that's another correlation. And I consider that to be a significant correlation. So the question is, has the Australian-US dollar formed a bottom? Well, it turns out that its TD-9 count bottom was negated yesterday. Price closed below bar number nine out there. That low was at 0.6763. Closed below that yesterday. Right now we see a bit of a rally, but that rally should find resistance at the center of that, well, I take that back. Can't say that. I would watch the red oscillator and change line. That right now is at about 6790 out there, but I don't see a bottom inside the Australian dollar because of yesterday's price action out there. And why is that important? Well, the reason that's important here is we're going to put this chart up on the screen. And this is a chart that shows, it's a different correlation chart than what I normally show out here, but here just looking at the two line charts. So this is on the close. And you can see the directional correlation that exists between the two. I mean, it is as direct as you get out there. It's not exact. I didn't say exact, but I did say it's direct. So let's go take a look at the charts for Freeport and Mack Moran, just to see what kind of signal they're generating for us. So F's, what the heck happened there? Okay, so now let me get the FCX charts fired up here. And we're gonna go ahead and change our screens so we're no longer looking at the Australian dollar. And well, that was wrong. What the heck was that back? Screens? Okay, here we go. So now we're taking like a Freeport and Mack Moran. And we've got the daily, weekly, and monthly timeframe charts. Let's start with the monthly chart. The monthly chart has wave number seven and a roads mint and indicator top. Prices below the bottom of its bullish structured monthly profile just crushed that last month. That is suggesting that Freeport and Mack Moran wants to move lower. Now the move lower, quite frankly, is saying $9 in a penny. I'm not gonna go that far and say that's where it's going. On the weekly timeframe chart, you can visually see the A to B equal CD pattern. I'll just draw in the A to B line out here. And then we can go put, just take that line and move that over to the C to D level out here. There's your C to D. So you can see that price is nearing that one to one level. That does not mean that's where price will stop. That's around 25 bucks. Could be a 1.272 expansion, 1.618 expansion. Could be just headed back to its breakout level 23.77. The weekly chart does not have a bottom. Because you've got that A to B equal CD pattern out there, Yvonne. If you're looking for a long position, I prefer to wait for a bullish reversal candle on the weekly timeframe chart. We can't see on the daily timeframe that there was a Roadsmen Dominicator signal that lasted for one day. That was on July 1st out there. Curious, what was going on on July 1st with regard to the Australian? No, I don't know the answer to that question. I truly don't. Let's just go take a look at July 1st. What was happening on July 1st? July 1st was what didn't trade. Oh, it did here. That was forming bar number nine of a TD9 count. That's the TD9 count pattern that failed. So we go take a look at, so on that same day, when you had a TD9 count on the Australian dollar, what you also had was a bottom signal, hammer candle confirming the Roadsmen Dominicator bottom, for the daily timeframe. But that pattern failed after day number one. His price closed below the bottom of that panel out there. And now you're waiting for a Roadsmen Dominicator bullish reversal candle to confirm that Roadsmen, the next potential Roadsmen Dominicator signal out there. Nonetheless, Yvonne, I don't know what your time period is that you're looking for an entry. I would be focused more on the weekly chart and I would also pay attention to that Australian dollar. So hope that helps you out. Thanks much for taking the time to write in. We got a request out here from San, oh, nope, the first one coming in from S&P wants to take a look at BG. So let's get BG out on our screens out here, see what they're communicating to us. And BG is, what? You think I'd have these memorized? And I do not. BG is bunch limited, not in just watching. Well, if you were looking to get in, it appears that today is going to be your confirmation of the Roadsmen Dominicator bottom. You already had wave number seven, that was letter G. That was confirmed on the trading day of July 7th. It was July 6th, that formed that seventh wave move. So now we've got two bottom signals out here. Price is trading, this is bunch limited. It's trading into a small little swing point from back on the trade. Well, you really could say there's two swing points. There's the one from just two days ago, July 7th. That had 1.9 million shares. You're doing about 800,000 shares of this peak right now. The other swing point that I was really looking at was June 28th, 1.2 million shares. Again, you're only at 792. So you're moving into that light and you've got resistance. So the resistance zone out here, SNP, is going to be between 90, 13 and 92, 24. But on a daily basis, you do have a confirmed bottom that may just be, and price above is read-off, certain change line. Nonetheless, it still may just be a counter trend move up to 92, 24. We just don't know. But you've got a slightly bearish structured profile. So your resistance zone, again, 90, 13 and 92, 24. The weekly timeframe does not have a bottom signal. You've got an A to B equal CD pattern. You can see that out there. Again, it's got a TD9 count top and a Roadsman to Minicator top. This is more than a one to one A to B equal CD. Here's the A to B level. And when we move that over to the C to D leg, you can see we're well beyond that. So you're in the expansion zone. What you're waiting for here is the bullish reversal candle. See how the one to one on the weekly, or really the daily two would have taken us to about 96, 89. This is the reason that I say you do not buy a D point just because you've done the one to one level out there. You need more than that. And the way that the market communicates to us, the buyers and sellers, they check in each morning at 9.30 before they walk on that floor, so to speak, at a forward leap. And what they do is they produce bullish or bearish reversal candles or sometimes just a candle that is neither a signal. When you complete a pattern, look for confirmation, bullish or bearish, head out of the direction that you're taking. G Broads with TM&M. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. 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Hosted at Discord, Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no catch or at costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. 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. Welcome back folks. So just to summarize BG out there, even though you've got that bottoming pattern that's suggesting that caution and to weight on that. So that was a signal there. Dan was asking a question about the spot ball of Tudik, sorry for overlooking that Dan. If we take a look at it, what today we saw was price in essence, testing and rejecting this 50 day exponents moving average. Price didn't get all the way up there. We got up to a high of 27, 38, the 50 days at 27, 58. As long as price remains below that, that says be caution on shorting, not from an intraday standpoint, but from a longer term standpoint out there. And that's really all that I've got to say about the spot ball of Tudiks at this moment. The last question was to take a look at the GDX out here. We'll go switch back over to the daily time, whether daily, weekly and monthly charts for the GDX. We'll look at our three panel chart out there in the daily time frame. We've got a TD9 count bottom. That TD9 count bottom is being attacked as we speak. And so the question is, what's the volume on this pullback right now into that swing point? That swing point, which was from July the 6th, had volume of 24 million shares. You're pulling back with 10 million shares as we speak right now. Now, there is a bullet structure daily profile. So you'd like to see the GDX close back above the bottom of that level. The bottom of that level is 2641. If it doesn't close above it, you may go test and perhaps take out below from July 6th. That was your TD9 count bottom. No such bottom on a weekly time frame, no such bottom on a monthly time frame. So on the daily, you want to see the GDX close above its oscillator and change line. If it does that, that would suggest a move to 2866 and above that, 3098. Do we have a confirmed bottom out here? You know, it's just the weekly and the monthly charts that are the ones that are the little boogers out there which you'd really like to see. It's really like to see some kind of solid bottom in the case of Goldilocks out there. And it does have a TD9 count bottom. But as I mentioned earlier, as we began the show or during the market update, what you need to see in gold that's got a hole that's TD9 count bottom, which is 1730-70 or 1724-50. Hey, folks, thanks so much for joining me here on Terrific Tuesday. Stay tuned. You've got two more wonderful hours up next. Your favorite polar bear is up next after that. Tom O'Brien will take us on home. I'll be back with you tomorrow. Wonderful Wednesday. One o'clock, sure. Let's get in.