 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 morning folks welcome to the January 11th the terrific Thursday edition of today's Trader's Edge show I'm your host Stevie 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 and let's make sure we have an extraordinary one Now the easiest way to do that is to always remember that life is happening for us Not to us That's right when you and I make that one little two-by-four shift It means we can find the gift and every set of circumstance that life is gonna toss at us Now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I At just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but even more important than that and that's this during this deck 53 minutes I am here to serve you so feel free to pick up that phone dial on in at 877-927-6648 If you've got a question, but you can't call in we've got your back Go ahead and send me an email send that off early send that to Steve at tfnn.com Inside the subject hitting please put radio show question Of course, if you're inside that Tigers then well then any in every ping will do so let's go and get this Started on terrific Thursday, of course, this is Tiger financial news network. I'm Steve Rhodes Welcome to the show. We got a sea of red out there All the sectors with the exception of the energy sector traded the downside all the US indices that we track trading to the downside as well 200 points for the Dow 28 points for this S&P 91 points for the Nasdaq the Russell's off 30 semis down 36 You've got gold trading out at 2032. That's up for bucks with silver down 21 pennies You see trade at 2285 lights we crude trade out of 7353 That's up two bucks and change that's a gas up 11 cents 315 as its print and the third-year Treasury printed out 121 29 that's off eight ticks. So let's figure out What all this might mean out here? And let's begin my take on the daily and the equity future contracts to do that We're gonna go ahead and switch screens. We'll get over that white background screen here You'll see that the ES mini you'll see the different profile than the one that we looked at earlier when I did the 11 a.m Update you'll see here. You've got that profile that forms at the bottom 47 15 I've learned to accept the fact that sometimes even with the same math we get different answers out there At least with regard to the trading gods out there and I've learned that that is life happening for me Not to me out there. So now we've got a couple different levels In fact, how we can use this is the level on the chart that we looked at at the open during that nine panel update Let me see where that's at that level is at the 47 99 area. It's really been 47 99 50 We're trading a 47 89 right now So I would say you play it like this if in fact we get a close below that 47 99 area that odds favor that we move down To 47 15 or at least that would that's what the intent would be from a daily perspective out there Now we continue to take a look at the daily or the equity future charts out here The important thing to realize is that the weekly chart so the longer term Intermediate terms or you call the daily chart at this stage here the noise the weekly chart not so noisy We take a look at that weekly time frame chart We have a TD 9 count top whenever you get in there's a wave 7 top. It's out there as well our potential wave 7 top I would call it a wave 7 top that you don't need two tops You just need one so we'll just go with the real easy one to clarify TD 9 count top out there Whenever you get any kind of a top all that it really tells you and I is that buyers This is important to get through our minds out here that all that sellers actually are able to are really our least to do is to Try to take price back to support We don't know if price is gonna break support or not at least when the top has formed out there We can use things like volume if price is moving lower or if it's a bottom if price moving higher We can use volume, but we really use that also turn change line as our guideline at this stage here You can see that the oscillator and change line has been tested and rejected. I did a study I've done several studies out there the most recent study went back into the 29 top and went back into the 2000 top and went back into the 2007 top out there and here's the thing interesting thing that I've and even took a look at all of 2023 just to take look at the patterns and you'd be amazed how many times we've got daily topping patterns Where price found support was at that oscillator and change line So it needs to be respected now you don't need to respect it But I'm gonna respect it based on the studies that I've done out there. So we're not gonna get down to 47 15 Unless well this case here forgot to 47 15 We be testing in essence the weekly oscillator and change line and the bottom of that daily profile for the ES mini Now in the case of the NQ also a weekly TD 9 count top out there Price got down last week and tested the top of that profile didn't close below it that's still bullish and Price is now above that green oscillator change line. It too is bullish The meaning there is really that price should go target its most recent swing point I will actually has done that right the low of that week the low of the week of December 29th was at 16 938 the high of this week has been up at 17 0 57 So if we close below that swing point bar number 9 of that TD 9 count 16 938 25 tomorrow We would have a test and a rejection of a swing low out there No I don't have the volumes in order to be able to determine whether there's but we can go take look at the volumes Inside the spy and get a fairly decent feel well In this case here would be the cues and get a fairly decent feel out there on a daily time frame the daily time frame Price has found resistance you can see that's the beauty of this oscillator and change line both from the bullish and the bearish standpoint No, it's green so it's not really bearish But it's it tells us about a significant level of resistance that currently is printed at 16 975 and change out there So it's held this resistance. The question is will price get back inside its profile if it does close back below 16 832 85 At the session end then that would be signaling to you and I that price may make its way back to support and that's needs by That's it's a bullish structured profile area between 16 417 and 16 583 But still we must respect that the weekly chart has done its thing at this stage here an Intermediate term wise this could be telling us what Lisa wants to get back and maybe take out those highs Well, if we take a look at the Dow equity future contract, that's the one that has not fallen It does have a road meant to mitigate our top But again, all price is done is pushed its way back to support in this case here The support for the Dow equity future contract is the bottom of its daily profile that level and that's an important area for us to Watch today is 37606 The Dow equity future contract is the only equity future contract that has not given us a Profile change in trend to signal out there. What do you mean by that Stevie? What I mean by that is we go take a look at whoops, that's not the maybe does the church Yeah, so we take a look at this chart out here I got the ES mini nipple left-hand corner you can see that on the trading session I'm going back to August 2nd of 2023 We get a close blow the bottom of its profile generated a change in trend to signal out here We got that same type of change in trend signal right back here on the trading day of January the third That still is in place out here or in play out here The only way that gets negated is a close about 48 41 That's what makes it kind of difficult not kind of difficult But that's what makes it difficult with regard to the NQ charts Why because yesterday price closed above the top of his profile So we have a change in trend signal to the downside a change in trend signal to the upside But if you look at that Dow equity future contract bottom of the profile that's held their support all the way up Since that October low Steve Rhodes with TFNM we get back this break Let's look at natural gas and a few other requests that have come in like mosaic Maybe a linar the some eyes Steve Rhodes with TFNM will be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of TFNM comm TFNM educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at TFNM comm the opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your Inbox every day first-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNM comm educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability, and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNM all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNM comm and try mastering probability 30 days risk-free today TFNM educating investors TFNM has launched the Tiger's Den hosted at Discord TFNM 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 Tigris's for just one dollar for the year There's no catch or added 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 TFNM.com toll-free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. We're looking at the set of charts. We took a look at this yesterday Maybe even the day before of the this is of the Dow daily time frame chart that we're taking a look at it shows You how the Dow is trading not only in the US currency, but all the other major currencies out there We hit a new all-time high this morning inside the Dow priced in dollars priced in euros priced in yen Not not priced in a pound yet. So dollars euros yen Australian dollars The Dow priced in a Swedish corona is now inside its swing point or is that's it? It's an all-time high swing point out there What else so that's so those are really bullish conditions out there If the Great British Pond was making a new high today as well And we started to get a sell-off that could spell some trouble out there because typically what you'll see is you'll see When there's any kind of significant top out here and I don't I At this stage, I don't see that but uh, if you know if we get some signals and then okay oki doki But and in and window we have those major tops you typically have within the same day At least within 24 hours Price making highs in euros yen and pounds as well as US dollars out there That's with regard to the uh, the s and p 500 has also made some new all-time highs today Those new all-time highs came in the euros in yen in australian dollars and also in pounds out here So again, these are bullish conditions So we just want to you know as we're navigating this market It's really important to understand what's going on Across the board out across the globe and especially with the concentration of capital in the us really important for us To be paying attention to that. All right, so let's go get into these requests out here The first one is to take a look at natural gas now natural gas is attempting to form a new profile here We're going to change screens momentarily first want to make sure that new profile is yeah It is on that screen but price is trading above it right now. Hold on a second here. Hold your horses stevie Market update. Okay, so I've got two different sets of profiles. So I haven't changed my screens just yet I'm going to open this up here Or take a look at the february contract. So on this screen This screen shows resistance the top of this new profile is at three dollars and 21 cents when I change over To my white background screen is going to come out at 3 13 So what's the number that you would use out here esv xm? You would use three dollars and 21 cents if price able to close above that. Well, first of all I don't know if this profile is going to take hold or not It's a attempting to form as we speak right now. It looks pretty solid It's been in place since very early this morning out here just different profile levels that we've got not at the bottom So the bottom you've got a bow of structure profile 261 and 269 And that's exactly what we have on my other set of charts out there So if we take a retracement levels from the low to the high yesterday We got down and this morning we got down to the point 382 retracement. That's at about two dollars 93 cents I'm trying not to sneeze Just because that's not the ideal thing to do inside a live mic That's why I'm looking to the upside but they're probably not showing me looking to the upside I've heard and I've tried it a few times that works. It seemed to have worked this time Okay, so now back to natural gas out here So with regard to natural gas now price did close above the top of that profile at 321 That would be telling us it's at least going to go or should at least take a run for that high That took place a couple days ago on january the night now Let's go ahead and switch our screens get to our multi time frame screen out here. See what it has to say the folks over at The folks over at season X were kind enough to go ahead and get that natural gas Um Bad data resolved out here so I can pull up its charts So its charts we take look at natural gas. We go back 33 years remember we were I was using I think 16 years Worth the daily inside the ung but this is really our preference So we are still in a very in an unfavorable seasonal time frame for natural gas So is it just the cold weather that's out there? Could be could be I say could be so natural gas typically Makes its bottom or at least it has over a 33 year period of time Makes its bottom by february 19th the first bottom typically comes in on valentine's day right around valentine's day And just to warm up everybody's hearts I would say but then you get into the very favorable seasonal cycle time frame The type that takes us up into the june area typically it's june 15 Then we move lower for a month or so into the july 20th level And then we move higher once again into the october time frame and then it's back down into the february time frame So we're in the end we're in well we were in a favorable period of time That was up to a few days ago and now we've switched back to an unfavorable period You can see january and february are typically horrible months for natural gas The only thing worse than that is uh november and december out there So that's the seasonal pattern out here and what that says is we take a look at The monthly time frame chart here for natural gas What we don't have is any kind of a bottoming pattern we're trading below profiles Doesn't mean natural gas won't try to make a run for the bottom of this profile up at 374 But we don't have any kind of bottom pattern there We take a look at the weekly time frame chart same set of signals out here Now in the case of the weekly time frame chart just because it doesn't have one of stevie's bottoms Doesn't mean it didn't bottom And how we make a determination of that is can't can't price take out resistance Well, there's really two levels of resistance that we had here That's really three levels the first level in this case was the top of its profile 266 it closed above that last week we're trading above this week That tells us about a real breakout or change in trend profile to the upside for the weekly time frame for natural gas So what does that mean stevie that means that what it wants to do on an intermediate term time frame Is make a move up to that third level of resistance that's at 379 That's courtesy of that td9 count breakdown pattern now on the daily time frame We had a td9 and wave number seven bottom pattern out there and the td9 count on the daily that formed a few days back Well, that was negated immediately tell us about a strong upward momentum move But we do have this new profile that is in place out here We do have that seasonal pattern again if you get it closed today above that profile level calculated on these signal That's at two point. I'm sorry. That is at three point two one eight That's going to suggest we get back to those highs and perhaps even higher Which opened up that weekly time frame chart out there So on the daily time frame no topping pattern Just a new profile to be paying attention to if we take a look at the intraday charts out here For example the 30 minute time frame chart We can see that for the last hour and a half this thing has been trading Non-stop to the upside and price taking out an area of resistance. That's at three dollars and 21 cents That's its breakdown resistance level. That's tying right into the top of that weekly profile a daily profile We looked at on that black background screens So I don't have any other topping signals that I see out here on any of the other charts At just the 30 minute where prices run into resistance that is tying right into that daily resistance level So esv xm did I give you the information that you were looking for? I hope the answer to that question is yes, but if not, let me know and we'll make sure that we get that Let's go see if we give g-man the information on mosaic I believe we were looking at mosaic Yesterday, uh, you're looking for an entry point and we were looking for a potential bottoming pattern out here Nope, that's not the case. That wasn't the case. Sorry stevie was thinking of something else What we do have in mosaic is you have a clear a to b equal cd to the downside pattern It's made more than the one level out here You can see that I'll just simply draw in the one to one area That would just simply move that over to the highest high that forms after that low So as we can grab that then we can you can see it's made well more than a one to one It's probably around the one to one point six one eight It doesn't really matter where it's at in the expansion unless we're trying to come up the price projection level That's not what we're doing as far as mosaic It's not a buy until it generates a bullish reversal candle If it does then you'll have a gartly buy pattern or a buy the D point pattern out here prices now trading inside its swing point From november 8th that november swing point had volume of six million shares You were moving down yesterday with uh four million shares today so far the first two hours of trading one million So you're pulling back with later volume. You still need a bullish reversal candle for a buy In mose mosaic. M. O. S. Is it tickles? Steve road with tfn will be right down gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern or free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help You make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor You were born to be tfnn educating investors tfnn has just launched their new trading room the tiger zen 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 And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to 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 dance tfnn.com and hit watch tiger tv Last night went to see the movie boys in the boat A couple of friends of ours had seen that or read that book not seen the movie read the book love the book I wasn't familiar with the story. It's a true story stevie loves movies that are true stories out there Um, so if you do see it and you're looking to do something or maybe got cold weather or what have you it's out now I think it's a great book. It's in it was and the reason I don't think I heard about it was because it really goes back to the 1936 olympics and jesse owens really kind of overshadowed Everybody during during that olympic period of time. I'm a rower. I row every morning pretty much seven days a week out there Pretty incredible the speeds that even those guys in 1936 were producing compared to what I row at out there But anyways, it's a great movie. So I just throw that out there. Let's go take a look at the linar Elliott is a ticker symbol. This is for night tram inside the tiger's den Right now we take a look at the linar out here prices trading above the top of its daily profile Now that was a barestructured Profile out there night tram. So that is a bullish signal now It is trading just slightly below its oscillator and change line Is that mean anything? Well, it means that at this stage here it may have lost its momentum If it remains below it, you could see a pullback Really to the 149 88 level or if you were lucky enough, you would get a pullback to 148 or three Price has been above the top of that barestructured daily profile for what today will now be two consecutive sessions When you close above the top of a barestructured profile counter trend moves to the downside We'll find or should find support at either the top of that profile or the center more times than that It's a center area. That's at 148 oh four if we take a look at the weekly time frame chart Price is just dealing with profile resistance. It's trading right into it right now 152 46 we're at 150 250 if it can close above that level that we said that would be a positive But it is also dealing with the swing point from back on december 11th 20 million shares were at thursday and you're only at 7.5 million shares on a daily time frame The swing point had volume of 8.8 million shares. Yes. There was some nice volume to the upside It was 3.6 million shares. So nightram It does not look like to steve from a volume perspective that this is getting ready to take out the highs out there But it doesn't mean that it's bearish either price is above resistance levels And that includes the monthly time frame a quick peek of the monthly. Let me just update the chart Yeah, there's no top there in fact if anything last month price took out It's td9 count top. So everything looks pretty good here Um, what's uh, so what do you do? I don't know what you're looking for but that's the review of linar So I hope that that review helps you out. You also want to take a look at the semiconductor index I don't I think you're looking to the short side of it for that Let's just go look at the semiconductor multi time frame set of charts out there And try to get a feel for what they're communicating to you and I and for that we're going to use We've got a quarterly a monthly. I've got the weekly the daily That's your top row. Then we go to 30 65 130 and 195 out there So on a monthly time frame with regard to the semis out here Um, let's see here this high was at 40 68 15 and last month we closed at 41 75 so and the semiconductors on a quarterly basis negated a Roads mint and indicator top and this is suggesting it wants higher price interesting on a monthly basis They had a key reversal bar that confirmed a roads mint and indicator top again that high was uh 40 68 15 The close here was at 41 75. So the monthly chart also negated a roads mint and indicator top There's another roads mint and indicator signal, but that requires a various reversal candle So on a quarterly basis the monthly base out here nightram the semis are mucho grande strong the weekly chart td 39 count roads mint and indicator top To switch this down just a tad out there But what price has done is found support at that green oscillator and change line That's the level to be watching for any kind of clues out here nightram and that level right now is printed at 39 55 That's going to shift by a dollar or two to the upside to the downside But if you get a close below that that tells us on a weekly time frame Price is lost as momentum and downside targets You start looking at the monthly the quarter the oscillator and change line and the breakout level on the weekly chart 34 13 37 36 35 those are the number areas out there on a daily time frame We have a roads mint and indicator top out here So in price and below that green oscillator and change line. So it's telling us that it has lost its momentum Um, but it's really just kind of trading in a sideways ish sideways ish That's all um pattern out here But not until price were to close about 41 15 would that say that okay? It is more of a neutral signal. So right now the daily time frame is bearish The weekly time frame is neutral The monthly time frame is bullish and the quarterly time frame is bullish as well If we take a quick peek at those intraday charts out here Does dbc anything to assist anybody and the answer there is Not really the only thing I have is this 30 minute time frame. It's still in effect out here It's that roads mint and indicator top price might be targeting to 39 5605 level That was a td9 count breakout area for that 30 minute time frame. So nightram I hope that helped you out with regard to s o x s what it's doing on all those multiple time frames We're gonna request to go take a look at lights. We crude. I'll close those out when I come back But let's go take a look at lights. We crude. Let's look at its multi set of charts out here. This is for What the heck? I don't want to do that. No, no, no, no, no, no, no just get over there There we go. And this is for captain triage Inside the tiger's den. So on a monthly basis, you can see price of consolidated inside its monthly profile From the roads mint and indicator top four or five months ago Just a consolidation inside that pattern on a weekly time frame price of consolidated with inside its profiles You've got support at 69 54 resistance at 77 34 on a daily time frame You got a consolidation with inside its daily profile support at 70 14 And there's another support level of price for to close below that down at 67 98 your resistance area is 75 43 That's the center of its barest structured Daily profile your real resistance area is going to be at 76 18 then above that 77 55 what do we have going on on an interday basis? The only thing to really be paying attention to I would say would be the 120 minute chart You're going to complete bar number eight and we get to 12 noon about 23 minutes from now That says you couldn't get a TD nine count top in light sweet crude Sometime between two and four o'clock this afternoon out there. So I'd be watching that pattern I don't see a 30 minute pattern. That's really assisting us there Oh, wait a minute here 30 minute chart. I wasn't even in the right area. She's I caught that. All right. So now to the 30 minute time frame chart So this looks pretty bullish the 30 minute chart actually negated a TD nine count top It did that at 9 30 this morning So I would say captain I'd be watching the two-hour time frame chart at least that piece of the analysis and the other pieces were correct as well I was just a little off-center when I took a look at that 30 minute time frame chart So that's what I see when I take a look at light sweet crude bobbin's bocan wanted to take a look at G. So let's go take a look at that is um a barric gold out there Let's pull that up on our screen out here. I believe this is barric gold So what do we have on barric gold barric gold could be forming an a to b equal cd to the downside So the swing point that it's dealing with was from january 4th. That swing had 20 million shares so far today This has done Almost five million shares. So you got five times three you got 15 So prices coming into that swing point with lighter volume Nonetheless, if you see gold that is barric gold closed below 1705 it'll still trigger an a to b equal cd to the downside that price projection level would actually take it I believe we would take it below its td nine count breakout area. Let's find that out before we go off a line here and go to A commercial break Oh, how about that? It would take it right down basically to it at around 1626 Steve brode with tfn. 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He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 seven newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all, he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 seven newsletter today tfnn.com educating investors Will the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily smp 500 bull and bear Leveraged etfs direction leveraged etfs An investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit direction investments dot com A fund's prospectus and 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 This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz So just to complete the charge here for uh barrett gold. We've got that a to b equal cd to the downside That's what it's trying to form right now Even though it's doing it with uh without volume it still suggests they move down towards the 1640 ish area to 16 226 the weekly chart which doesn't have a top does have a new profile and price here watch 1685 your price close below 1685 and 1649 is in the cards that would be the bottom of the weekly profile Just a consolidation with inside the monthly time frame. So bob, I hope that helps you I don't see any kind of bottom signal on an interday chart such as a 30 minute I'll put that up on our screen force and you can see that there's no bottom signal there. So it does look like Barrett gold gld wants to continue To move lower. Let's go take a look at bud wiser out here bu d is the ticker symbol And I apologize. I didn't write down who made that request out there But we do take a look at bud. It is confirming a rogment to mindicator top as we speak now prices back inside its profile It's a profile that's actually forming today that profile has support at 63 81 a resistance up at the 65 43 level out there So because you've got a rogment to mindicator top odds favor that bud wants to trade down to 63 81 If it closes below 63 81 You will have a profile change in trend signal that profile change in trend signal would then suggest a move back towards 58 30 That's what's coming from the daily time frame chart out there I also see a wave number seven top that's going to be confirmed today for bud wiser It doesn't matter that has two tops all needs is one out there. So i'd be watching 63 81 You've got a td9 count top that is still in place out here on the weekly time frame That only gets negated with a close above 6501. We're 64 72 right now That suggests that price would pull back to test support But it already did that last week and that support level was the top of its profile 63 52 So it's still got 63 81 that's in place out here That doesn't really change the character of the weekly time frame, which does have a td9 count top But a signal is somewhat neutral right now because support held and on a monthly time frame You've got a good old fashion consolidation within its profiles 55 80 and support 6709 as resistance. So you got that rogment to mindicator top today for bud wiser I would expect that that should trade lower Let's go take a look at our next request. That's from duncan steve He'd like to take a look at palantir pltr as a ticker symbol out there We take a look at pltr. That's not it. Oh, shoot. I forgot to correct that Ah, steve. Oh steve. Oh steve. Oh, okay. Okay. Oh, I know what I can do just to not be screwed a couple things up At the same time. Okay. Just got to put that on my workload. So but get those charts for pltr Fired up on my screen. It's just going to take a moment to do that Uh, and I think the question I don't know. I think the question's made me just a general review of palantir And palantir right now it is trading with inside its daily profile. It's got support at 15 89 and resistance at 16 79 So just because solidating with inside that for the last four trading sessions that really ever since it formed It doesn't You know I can find a buy the d-point There's really two a to b equal cd patterns out here the second one the large one doesn't look like it completed But let me just make sure of that my eyes could certainly be wrong But um, let's just take a quick peek and throw that out there, but there's a smaller one Yeah, the large one hasn't the smaller one would stop right here at the swing point of november 27 So since we did get that gap to the upside it does have a buy the d-point pattern Technically speaking and this is what we're doing is technically speaking And you just have but you've got that red also to change on the top of the profile That's your key area to be watching observing ducking The chart patterns have taught us that and that's at 16 79. That's your key area to watch on to the downside Weekly chart you've got a roadsman to indicator top price consolidated with inside his profile So if those lows get taken out those the lows from january 5th, that's at the level of 15 66 You're going to head down towards 14 23 Nothing here on the monthly chart to help us out with regard to palantir So stevo, I hope that helps you out with regard to palantir G-man wants to take a look at harmony hmy is a ticker symbol there and I must have What did I do? I really screwed up Nice going there stevo I had all this stuff all set and then I went ahead and screwed it up All right. Well, let's take a look at harmony out here. Let's see what it's doing So harmony is going to go ahead and complete a td 9 count bottom today This is the bar following bar number nine as it's moving back into a prior swing point That's a shrink point from back here on december 13th. That had 6.1 million shares today. Harmony's done 1.8 So it's coming back with uh, well Similar a little bit lighter, but not exactly light volume We don't know what it's going to look like at day's end. So what should take place here This is a cool thing for you g-man. You want to watch today's low? Whatever that is your price begins trading below it close below tomorrow That tells you that harmony is going to go tackle that 511 area on a weekly type frame harmony is consolidated with inside It's weekly profile out here. Let's see if there's any kind of top or bottom signal No, I don't have anything but because price is lost momentum It's trading below that green outside our change line 520 is open So only if you get a close below today's low whatever that is come tomorrow Out there that would bring 511 to 520 into play That's what I see when I take a look at ticker symbol hmy's g-man. I hope that that helps you out Not to request was a take a look at gold in general I believe that was for g-man as well, but I might have been typing incorrectly. So it doesn't really matter Let's take a look at gold eloxin general out here. We've got our multi time frame charts So what gold is doing as we speak right now? It is It is trading below its breakout level at 20 29 20 That brings the next breakout area into play out here. That's at 1979 on a weekly basis price is beginning to trade below that green outside our change line 2024 is the number if it closes below that tomorrow 1984 becomes a price target. So you'd have 79 and 84 being the price targets Those are the coming from the daily in the weekly time frame now when I look to the intraday charts out here What do we see? We see some rogement and indicator bottoms on the two hour the four hour time frame chart And those would be negated with a close below 2022 70 so far that has not happened. So we've got prior bottoms Bottoming patterns not just bottoms of prior bottoming patterns that are being tested as we speak right now So the interesting thing about gold silver No one asked about silver. So let me just go switch over to this chart set of charts and the gdx Is the signals that we're getting what signals stevo Well, you've got the daily time frame if you go all the way over to the right Let's start reading the gdx charts out there. Today's going to go ahead and confirm a td9 count bottom Watch today's low whatever that is in the gdx. Your price closes below that tomorrow 27 68 is in the cards But you've got the gdx with the td9 count bottom and silver is now going to go ahead and complete a td9 count bottom pattern today Both should make their way up towards resistance Well, in the case of silver 2306 would be the first level 2347 the second level in the case of the gdx. It's 30 11 period. There is no multiple levels out there But what is gold doing out here gold's only in bar number seven is trading below that breakout area So is the gdx going to go ahead and make a bottom without gold doing that? Maybe just trade sideways I don't know but there are conflicting signals out here But I just wanted to share that with you not to confuse you but to provide you with the information that you were looking for The last question I believe that came in was a request and the question was where is the buy the dip For the s and p 500 and really the answer that question I really have to go take look at the es mini turns out here on a daily time frame You've got a confirmed. It looks like you'll get another confirmed rogement to mitigate her top With today's bearish engulfing candle now It's only 11 50 if it looks like this at four o'clock you'd have a rogement to mitigate her top that buy the depot Or that that buy area then according to the weekly chart would be down at 46 70 or thereabouts See roge would tfnn to be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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It's right now reading at minus 137 minus if you get to minus 150 you close at minus 150 or below that And it officially and the new york stock exchange Would be in an over sold position out there the next request was to take a look at ticker symbol E pd so we're going to change back to our white background screens out here And e pd right now is trading at about 26 90 as we take a look at its signals It does have a it looks it appears that it has a sell the d-point pattern, but let me just make sure here Let's go a to b. Let's just move that over if you will Move that over to that b-point and yeah, maybe a little bit too far away from that So you've got an a to b equal cd pattern um The b-point wasn't taken out though Still have an a to b equal cd pattern 2740 the question is where is it going you're trading above profile you're trading above a green offset and change I those are bullish conditions for the daily time frame So i'm gonna have to go with this 27 30 ish type area out there is a price projection level on a weekly time frame chart You have a consolidation with inside its profiles You have price trading above the center of the profile if it can close above that level tomorrow really the area You'd like to see a close above tomorrow would be 27 bucks even steven if the close above 27 bucks odd favorite It's going to move higher at least test last week's low maybe get up to 27 72 The monthly time frame chart as we take a look at e pd This is telling us wants to go target 27 83 So you got 27 83 27 72 and about 27 45 out there That's what the charts are signaling to you and I as we speak right now Last final request take look at x pe v out here x pe v I don't see any kind of a bottom pattern The daily time frame The weekly time frame shows that price is now trading below weekly profile support If it closes below that level that level is 12 44 963 becomes the downside price target for ticker symbol x pe v Folks, thank you so much for all the requests out there makes it so much easier for stevie Let's do that same thing tomorrow 11 am sharp. Have a terrific thursday be safe out there. Take care