 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good afternoon folks. Welcome to the December 7th with the terrific Tuesday edition of today's Traders Ed 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 of 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 ship well means we can find the gift in every set of circumstances that life is going to toss at us. Now today you and I are going to go check on the circumstances of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, that's this. During this next 60 minutes I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. If you can't dial in, we've got you covered there too. Go ahead, send me an email. Send it off to Steve at tfnn.com. And inside that subject heading, please put radio show question in and our Tigers. And 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 last show right now. We got all the U.S. indices trading high at $503, about 1.5%, S&P 97, a little over 2%, 3% for the NASDAQ 100, $475 there. Russell's up about 3% or 63 points. Semi is up 5%, $193. They have broken out of a consolidation. That is suggesting higher price. You got gold up about $5, silver $0.27. Slices recruit $3, trade out at $72.54. Lead in the charge, dollar-wise the episode. It's in the zone. It's in the auto zone, up $118, a little over 6%. Amazon, $110, 3%, Shopify, 7%, $95, Chipotle, $88, Google, $77. To the downside, the shakers, it's charter communications up. $23, 3.5%, aero-virement. Having a stinker of a day, down 29%, $22. Health equity, not too healthy, up another 22%. That's $12 there, too. Get lab down 11%, nearly 10. Patrick Industries down 10%, or $8. Of course, I want to look at what you want to look at. No requests so far, so let's go take a look at the general markets out here to begin with. The question should be, I heard somebody ask it already. Hey, Stevie, where are prices headed to? Excellent question, and we've got the answers for you. The answers are going to be the top of the profiles in these equity future contracts. Now, the ESMini, its profile is solid. $47.17 is likely its target. Will price turn from there? It may. We'll have to take a look at the short-term time frames as price gets up to that level. The NQ, brand new profile, will not have confirmation of it, but I just did refresh it, and it's still coming up with the same numbers. So it's likely targeting $16.456. So yesterday, we were talking about where price would likely stall, but that's because we were using a profile that existed then that all changed this morning, really started changing last night when this new profile started forming. Again, I won't have confirmation of this until tomorrow, but either way, prices up above where that countertrend rally should have ended, but again, that profile went away. That was about the $16.137-ish type area. Now, price should go target at the top of that profile, $16.456. The Dow, $35.900, and the Russell, $2,022.82. What happens if price closes above those levels? Then we continue to head higher, and we start taking a look at the weekly profiles. Okay, let's go look at the weekly profiles. Here, we'll just put up the weeklies. In the case of the ESMini, you're looking at $47.40. In the case of the NQ, it's already above the top of its weekly profile. So if you close above the top of its daily profile, it doesn't have any resistance, other than the NQ does have a roadsman to indicator top. It was formed right here on the day of November 22nd when it generated that bearish engulfing candle. I know it's hard to see here when you take a look at a bar chart. That's why we like to use candle charts out there, but nonetheless, if price takes out that high, then we're headed up to the $17.170. Each of these equity-future contracts, for their daily timeframe, have topping patterns out there. So if the highs get taken out, that's likely a signal to us that we move higher through the end of the year, perhaps beyond that as well. If we take a look at the Dow, right now the Dow is trading into the resistance zone. The resistance, you don't see that. Oh, son of a gun, sorry about that. Oh man, sorry, sorry, sorry. It wasn't the inattention. Sorry about that. Let's do this here. Let's go back. I want you guys to take a look at it. So that was my fault. I've got so many screens out here. Sometimes I forget to change them over. Sorry, they're Bill and Boston Dan. But then anybody here, so you can see those new profiles, or you can see the profile levels of where price is likely targeting. If this is just a counter-trend move, because each of these equity-future contracts have topping patterns in there, and that's a possibility, a slight possibility, but it's a possibility out there, then we head back towards the bottom of the profiles. We'll have to take things one step at a time. So I was back to the weekly charts out here, in the weekly I was referring to or I was mentioning, the NQ doesn't have a top of a profile. It's already above the top of the profile in the NQ. And so if it can take out its all-time high, 17, 170 would be the likely next target. The Dow, Russell 2000, they both are trading in resistance as well. In the case of the Dow, it's 35, 8, 33, that's 36, 4, 46. You close it about 36, 4, 46. Again, confirmation of a move higher into the end of the year. We don't have that confirmation just yet. Just want to make sure you know that. And again, Russell 2000, 2317 is the top of the weekly profile. Of course, you can see the consolidation that it was trading in, that it broke out of, then it broke down. And so we're not sure what we're going to do with that consolidation pattern just yet. But 2317 is a weekly target for the Russell 2000. Now back to those 30-minute charts, even though Bill, good question, was that what I intended to show? And the answer was no, but I meant to go show that. I just did it in the wrong order. So now if we go take a look at what's going on in the short-term timeframe, short-term timeframe may give us different information than the daily charts, which we're looking at here. And the short-term information could be, it could get to a TD9 count, but with price pulling back right now, that may not be the case. So I don't see the only pattern that I have out here that has a valid top at this stage, as of 1.13 the afternoon is Russell 2000. That's on your right side. So watch the Russell 2000 for potential clues as to what the rest of the market may do. 22, let me expand this up here. I can't really read it that well. I don't know, they're expanding. It's going to help me read it. Yeah, 2257 is the level to watch inside the Russell 2000. What happens if price closes below that for two consecutive bars? That would signal you could pull all the way back to its breakout level. It's all the way down to 2211. Not making that call just yet, but you've got the parameters to watch and observe. Of course, you'd be, if price breaks through that bottom of that daily profile, you still want to look for any kind of bottoming signal that could form on its way down to the breakout area of 2211. So to a certain extent, we've covered the markets. Nah, we haven't really covered the markets. We've got to go take a look at some other things. What are those other things? Perhaps the most important thing out here with regard to today's action is what's the spotball utility that's going to do? So let's go take a look at it and let's go take a look at this chart specifically. So you've had the spotball utility. It's by the way, if we had Garo on the phone, he'd say, hey, Stevie, the bar, the dots, the parabolic star dots have changed and that says it wants to move lower. And I would say, Garo, you're absolutely right. Now move lower to where? Now I would have used a different tool. My tool here is the Bollinger Bands using the 50 to 1 setting and the top Bollinger Band at $23.63. So when price closes below that, that gives us a high probability. How high? Significantly high. That price will go target $20.33. The 50 day exponential moving average. Oh, charts again. Yikes, I'll put this up on the screen. We'll come back to this when we come back for the break. 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 it 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. 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For 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. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. So we got that spot followed till the next chart up on our screen right now. Those blue dots on the top panels are the parabolic star dots our friend, Garo, uses out in California. But here what I'm using, in addition to having those out there, is the Bollinger bands. Those are the red lines out there. Now, once price, if price closes today below $23.63, odds favorite will. Then that says we're going to go back to the 50-day exponential moving average, $20.33. There was a question, I believe, by JB in the den. In essence, asking about what was it, JB? Is this a bull trap? Is this a bear trap? What kind of trap is this? Here, I'm going to just really simplify things for you. What you really want to watch for next is the 50-day exponential moving average, $20.33. Now, as long as spot follow till next remains above that level, then any surprises will see a swift move to the downside inside the S&P 500. That's not really... And even though it's above the 50-day right now, it's off of its highs. It's back into the Bollinger band. Odds favor, and I'm telling you, there are significant odds that we're going to get back to the 50-day exponential moving average, $20.33. To answer your question, JB, about the bull trap, bear trap, any kind of trap, look, if the spot follow till next closes below the 50-day, that's not... I'm not talking about doing it today. But if it does close below the 50-day, $20.33, that then sends a signal that price should go down to the lower Bollinger band reading. And that would get us down to $15 in the $0.24 area, or thereabouts. And that will go ahead, and that would really suggest to Stevie that we likely take out the all-time highs out there for the S&P, and then we will hire into the end of the year. But with regard to the so-called trap stuff, now I'm going to see if I can do this here pretty efficiently, which means I'm going to change screens, and this time I'm really going to change screens out here. I mentioned this earlier, but I just simply want to go back to it. And that back to it is that each of the equity-future contracts still have valid topping patterns. And not until those get taken out, the ES-mini, it's both a rogment and indicator top, as well as a TD-9 count. So price needs to take out those all-time highs, and if it does that, then we likely move higher through the end of the year. The NQ has a rogment and indicator top, that bearish engulfing candle where my curse is at. The Dow equity-future contract, a TD-9 count. The Dow and the Russell 2000 as they sell the D-point. They're both below their daily profiles, as we talked about. The next move, if they can get above, those would be the areas where they broke down from. Those are the green horizontal lines, 36-105 from the Dow. Equity-future contract, Russell 2000 would be 24-05-30. Out there. So, look, this is still somewhat of a... So you've still got those tops. And not until those tops get taken out of, get taken out, will it be all clear to the upside. So I hope that helps you really try to answer your question, JB. Let me know if I did or I didn't. But really, the focus should be with regard to, in my opinion, with regard to interpreting the markets out here. Really, we're down to profile levels. We're down to that spot-file utility next. There's no reason for us to muck it up, so to speak, by adding too much information in there. So I do hope that that helps. Let's go to our first and only question that we've got at the moment. And that is from Dan from Boston. He wants to take a look at one of his favorite instruments. Oh, I do see another one came in, about a couple more. But email. And that is Cassava Sciences. That is S-A-V-A. That's what we've got up on the screen right now. And Dan, yes, it did test to reject a key swing point. That was a swing point from November 11. It had 3.5 million shares. It tested it and it rejected it yesterday with volume of 1.7 million shares. So that's a sign of a bottom. There's no A to B equals CD pattern. There's no other pattern that I have out here. Dan, other than price pulling back to support. Yes, it's going to create or appears that it will create a three river morning star pattern. And that's the combination of, in this case here, three candles. That's why it's called it a three river. I would call it a four river if we had the fourth candle out there. And that's the December 3rd, the December 6th, and then today's candle session out there. Does that mean anything? Dan, it means more to me when it is at the completion of a pattern. So is this a completion of a pattern testing a swing point on light volume? I'm going to go with the answer, yes. Now the next level of resistance in this for Kisaba Sciences is its ability to close above the bottom of its daily profile. The bottom of its daily profile is $47.96 or $48.49. So a price closing below that, where should price head to next? Price should head to $51.21. Is the center of its bullish structured weekly profile? If price can close above $51.21, then you're looking to move up to the $65.31 level out there. So is this a good bet or a good reward risk out here? I'd have to say the answer is yes. But let's go look at the other, let's go look at the white background charts. Just see if there's anything else that we can see out here to assist us. And boom, voila, there is. So we got to come back. So you've got the valid bottom at the breakout level of $43.11. My recollection, I pointed that out a while ago. So how cool price came back to the breakout area. Dan, the issue that we've got right now is at $50.36. And that is Stevie's red line, that oscillator and change line. So if Kisaba Sciences can close above $50.35 or $48.37, then I think it has the all clear. Now, not that it doesn't have some battles, it does. But the real important battle, I would say, is that red oscillator and change line, it is acted as resistance. And that doesn't mean it's going to break out support, but it just simply won't give you the all clear sign to move higher. If price does close above it, then we've got that weekly profile to look at, and then back to the daily, if you can take out the center of the weekly, and so on and so forth. You do like that price has held the bottom of its bullet-structured weekly profile. So we like that. And on the monthly basis, you'd sure like to see this close above $52.80 to get back to its merry ways out there. So Dan, that's what I see when I take a look at Kisaba Sciences. I hope that that helps you out. And thanks so much for the question out there. So the next question is coming from, let me see here. Oh, I got a slew of just junk. It is amazing how much junk email I get out here. Whoa, we've got Garo on the line now. That is a treat. So Garo, thanks for calling. Thanks for holding. How are you today? I'm very good. How about you, sir? I'm doing well. Thanks so much for asking. I am going to pull up my Garo set of charts. And while I'm doing that, why don't you express to us what it is you're looking at and how I can best help you? Yeah, again, we go back to LFBU. Okay. LFBU, today it hit that if you look at the daily chart, you will see that today it hit the upper dot and the dot is down. I see that. $40.85. Of course, now it's $40.86. You don't see that dot. That candle already covered that dot already. So the dot is all the way at the bottom. So that to me, it sounds that this is going to be bull. The trend is changed. And this is going to go up all the way to $51 and change to each 50-day moving average. And now here, yesterday it gave me a long hammer, red hammer. What is that? What kind of candle is that? So yesterday it was actually a doji. And the reason it was a doji, I'm just going to pull up, spread out the daily chart here, just a tad. The reason why yesterday it was a doji versus a hammer is it just has too much of an upper shadow out there. But that's okay. Kind of like Kisaba Sciences that Dan from Washington and I were looking at, this will turn into or should turn into a three-river morning star pattern. So you do have the bullish signal out there at the completion of the 1 to 1.272 or maybe the 1 to 1.618A to B equals CD. So it does give us what I refer to as a buy the D point. It's met your requirements to take out the parabolic SAR dot. And then on the 120-minute chart, you've got your five crossover of the 21 out here. But price is going to, it's got some resistance. So you're trading into the battleground and girl, I'm going to ask you to hold through this breakout here. We're about to go to one and we'll come back and we'll take a look at LABU. That's the direction chair ETF for the biotech bull, the 3X version. We'll be right back with Garo. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an apex predator in the trading markets and join the Tiger's Den trading room only at TFNN.com. 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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. Back, folks, we're taking a look at ticker symbol, LABU. That's the direction share ZTF for the S&P 500. It's the three-time biotech bull out here. And, Garo, before the break, when I pulled up the LABU chart, it showed a new daily profile. What I did then was I went over to the... This is a 3x version. I went over to the 1x version of the... That's not really an equal weight, I don't think, is it? Oh, maybe it is, says the XBI's equal weight, which is fine. I just simply went over to the underlying instrument and it did not have new profiles. Of course, I came back to LABU and those disappeared. So the only real battle that you've got... And the reason I wanted to do that is because it's really the 1x that provides me, at least with better information out there. I don't need to go to that chart right now since the profile is not an issue. We've got really, in essence, the same patterns out here. The LABU has got a TD9 count. It's got to buy the D point. And what you really would like to see this do today, Garo, is close above 40, 15. 40, 15 is at oscillator and change line. It is red. If you close above a red oscillator and change line, it suggests there's more retracement. That more retracement should be able to take us up to $50 and 69 cents. That's a TD9 count breakdown level. That's for the daily timeframe out here. I'm going to take a quick peek at the weekly chart. The weekly chart says you've got a little battle at 4614. That's the weekly oscillator and change line. The monthly chart, when we take a look at it, I don't really have anything here to report back to you on. So on the daily, everything looks pretty good to me, and we shouldn't see price continue to move higher as long as price closes above 40, 16. Any questions so far about the charts that we've taken a look at? No, you're absolutely right. On LABU, 60 minutes and 120 minutes, it shows that it's the trend is changing upwards. But still, at 60 minutes, the five-day moving average has not crossed the 21 days yet. Okay. So you have to hold your horses at this time. But if you go on a weekly chart on XBI, on a weekly chart, you see that yesterday, the low of that, it hit that $106.92 cents. It hit the 21-day exponential. But in LABU, you don't see that. There is no 200-day moving average. It's 100 days way above that. So to me, that is something that this is going to bounce from here. It's not going to go up to 52 right away overnight. It's going to go in time. But to me, it's a change of trend. That's what I'm concerned about. Sure. So now I just put up the XBI again, and that profile that I was concerned about repopulated. So this is a barestructured profile. And I agree with everything that you said, Garo. And even though you're trading in LABU, you've really got to keep an eye on XBI. I just believe that it provides us with the more clear information. So right now, when I take a look at XBI, the resistance zone is between 115.09, even though we're trading above it, between 115.09 and 117.81. It would be closing above 117.81 that would give us that change in trend signal out there. So that's the... And I don't have any idea to know whether it will or won't. You've got the nice valid bottoming patterns out here. I know that you're waiting for the crossovers on the shorter-term timeframes out here, but it does look like it has a bottom. So just continue, obviously, with the... Because you don't need me to tell you that you're going to do that anyways, which is continue with your beautiful system out here, but I show a bottom in this as well. And at least this helps us to also understand where the battleground is. That's at 117.81. If you close above that, then you're off to the Super Bowl. Yes, sir. Yes, sir. Thank you so much. Thank you. I appreciate it. Thanks. You bet. Always good to hear from you, Garo. Thanks so much for your call. We'll look forward to speaking to you again. That was Garo in California. Steve, can you take a look at SNAP? That's coming from SNP and the answer is absolutely. So SNAP. Let's go see what this is doing. And while the black charts are populated, we'll get to that white background chart. That is SNAP. So you've got Snap right now that is trading into its bearish structure daily profile resistance zone. That zone is between 5074 and 5238. What happens if price can close about 5238? Well, Stevie likes to say there's nothing more bullish than a failed bearish pattern. That would be a bearish pattern. If it really closed about 5238, what it means is that price should go target 5855. And 5855 is the center of its monthly profile out there. That's the only other profile that would come into play at this stage here. So let's go look at SNAP's white background charts, see what other information we have out here. And voila, boom, bang. Yesterday, we've got TD9 count bottom. We have a yesterday was rogment to indicator bottom. Got follow through today. So price is trading into that resistance zone, SNP. If price can clear 5238, 5477 will be the next price target. And if price can clear 5477, even though you've got that big gap to the downside, that should set the change in trend. And that change in trend says over time, we get up to 7752. On a weekly basis out here, what does Stevie have? I don't have an A to B equal CD to the downside, but you could form a bar number eight of a TD9 count. That seems logical. The problem's going to be, I don't think you get to bar number nine if this continues to move higher, because the close would have to be below the close of bar number five. And that's at 5132. You're at 5129 as we speak right now. So it doesn't look like the weekly at this stage of the game will give you that confirmed bottom signal out there. But the daily most certainly has, you should get a move to either 5238 and above that, 5477. So hope that helps you out with regard to what you were looking for with regard to SNAP, Crackle and pop out there. I believe we've got another question that's coming by email. So let me just check that out here real quickly. And we do. And that's from Hector and the fuel injectors. And Hector wants to take a look at Marvell, MRVL. I think I blew the call on that one, meaning that we were taking a look at this before earnings. And I didn't see where this would gap up. And it's gapped up in a big way. And it continues to move higher. So Hector says happy taco two for Tuesday, Marvell and ON. Can you please work up an A to B equal CD? So the A to B equal CD pattern that I would really work up is really coming from the long-term charts out here just to get rid of the noise. And that's on the monthly. So the low would be the March 2020 level. That's your A point. The B point would be January 2021, the C point down here at the March of 2021. So your next price projection area on the longer term should take you up into the 101 to 43 level. But let's take a look at, did I do that? I didn't do that. I can't believe I didn't do that. I did not do the MRVL. So let me get that going. Let me also type in ON, since that's another instrument you wanted to take a look at. Let me get that going. On the daily timeframe, I'll pull this chart over here momentarily. I don't see any kind of a topping signal at all. Man, I gotta wait for this other chart to, what that's going on. That, let me see what happens here. Okay, good. So let me expand this out here. So we'll get into the white background chart. So no topping signal. You do have wave number seven, letter G out there. So just as be careful, but you have to have a lower high in order to confirm that. As a top, you were asking for what the oscillator and change on a daily basis, 7987 is the number. You're also asking about ON, OIN, and you wanted to know what its oscillator and change line level was. So let me get that going here. See if we can do this before the break, which is just another about six seconds out there. Okay, so let's take a look at OIN. What is OIN out here? That is on semiconductor trading above the top of its daily profile. So that looks pretty good. You wanted the oscillator and change line. You've got it, 6488. And on the daily basis, this looks bullish out here. Thanks so much for writing in Hector, and we'll look forward to your next email. Steve Rhodes with TFNN. We'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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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. Let's go back out to California this time let's speak with Brent. Brent, thanks for calling. Thanks for holding. How are you doing today? Oh, life is good, Steve. That's everything for you. Very good. Thank you for asking. And tell me what you wanted to look at or how I can help you. I've had one quick story I wanted to relate because I heard you talking about a looking over the edge yesterday as part of your whole team yesterday. And it's probably going back. This was like 40 years ago. My oldest brother was climbing the face of half dome in Yosemite. And I went up around the back side. There's a cable walk. You can go up the backside of it. Yes. And if you're looking at half dome, you can see pictures of it. There's the very top. It's like an outcropping. They call it the visor. Yes. And then if you're actually on top, there's an area that's like they call the diving board. Okay. You can go call that onto. Yeah. And look down. I think I've seen a picture of that. It's pretty crazy. Yeah. I know that I have seen a picture of the diving board. I know that I've seen that. I've done it a few times where I can't remember where I was last when I had walked towards really close to the edge. And if you fell, you would know. It was instant death out there. But I just remember just that just the acceleration of emotions that just kind of flew through the body, so to speak, which was basically said, hey, Stevo, back away. Yeah, it was definitely anybody even just kicked a little rock or anything behind you. Exactly. A little unnerving, but it was a pretty cool thing to do. And I can definitely look back on it. Yeah, you know, we typically do those things when we are younger, like about 40 years old or something. Yeah. You know, so the very first time that I went whitewater rafting, it was in West Virginia. I lived in the Detroit area, and it was on the Gauley River and the New River. And it went with a good buddy of mine. And Ed and I, we just, we'd never seen, you know, we just, in our mind, we had seen whitewater rapid, so to speak. I mean, this goes back like 40 plus years ago, too, more than 40 years ago. And even we get out to the facility, we go find a sports store and we're looking to go buy some big inner tubes. We figure we'll get to, even though we had reservations to go on whitewater rap, we said, hey, let's go do some of these, you know, some of these areas on an inner tube. And so we're in there and the guys ask us, well, what are you, what are you buying the inner tubes for? We said, well, we want to go down the New River. And he looked at us. He said, wait, instant death. What are you talking about? You want to go down the river. So he said, I'm going to send you, he said, you're not buying the inner tube from me. I'm going to send you to the spot during the on the New River where it might be the most calm. And then you come back and if you really want to, you know, he said, there are people who've done it, but most of the people who do try it have died out there. So I never, I never did do that. But whitewater rafting is a blast. Have you ever done some whitewater rafting? I never have done a lot of surfing, a lot of snow skiing, water skiing and a lot of other sports, but not never have it. It looks fun. Yeah, for the people that live in the Northeast area, the Gauley River is the coolest because it's relatively short in duration. And what I mean by that is you don't have lots of pools that you're floating through. I mean, it's class four, class five rapids, one after another. It's only a couple of times during the year that you can really go down the Gauley River out there when they open up the dam, so to speak. But it is a blast to do, but you don't really want to get thrown overboard because you get sucked into some of those holes and, you know, you'll never come out. But anyway, we don't want to talk necessarily just about, you know, our extracurricular activities out here. We'll talk about the market. So how can I help you? Well, I was hoping you could do for me, Steve, is bring up the weekly charts, the consolidation patterns, and to see where we're at with the different movement we've had over the last, you know, couple of weeks here we've had, you know, decent down move and we're having that move where we are, are we above it or we're inside of it or we're out of it and what I want to see where we're at with that. Yeah. So this is the set of charts here that Brent is asking about. And in the case of the NQ and the ES, it's relatively clear and that relatively clear says, you know, we still have the potential to go at least target the top of the consolidation breakout level. The NQ last week and really yesterday and on Friday came back to test the consolidation breakout level, which was at approximately the 15661 area. So the NQ is very clear, but the NQ does have a top and that's from the candle session on November 22nd. That high out there is 16,767. In 16,928, you know, was the initial price target. So the NQ, it's very clear. The ES pulled back, it got inside it, closed back inside the consolidation for one day, then closed above it. So I consider that to be just a test of the consolidation level and this suggests that price can get to the 4823, but it too has a top by the trading session of November 22nd out there and not until the markets clear that November 22nd top. Well, I have really clear indication as to what the intent is. Now, the intent of the ES and NQ may just to be complete that consolidation pattern. You know, but maybe it's more than maybe it's more than that. The Russell 2000 Brent really dipped back inside the consolidation and I'm not really sure how to treat this at this stage here. In fact, I probably will just get rid of the consolidation pattern. And you could almost make the case that that is the situation with the Dow as well. Because you know, typically when you break out of a consolidation mark, we'll pull back and test it very much like the NQ and the ES did. Not necessarily test it and then get back inside it for several days. So I just think there's maybe different patterns in the Dow and the Russell. That makes sense. Yeah, not really helpful to see it visually when you put the card up. That's what I was open to see. I'm still just not convinced that the highs are going to get taken out. And you know, we'll just have to watch the profile levels, the resistance areas on the daily timeframe out here. And in the A case of the NQ, that happens to be 16, 456. You close above that, then we probably do go back and at least test the highs. In the ES mini, it's got a little bit more of a battle. And that's at both 4717 and 4740. And then the Dow would be the 35900 level. If price can clear that, it does have some additional weekly profile resistance. And that's up at the 36446 area. So I'm not convinced that we're going to take out the highs. I'm not unconvinced, but I'm just cautious. And I would especially I'm especially cautious. Still, while that spot volatility remains above the 50 day, I know price should go target at 2032. I just need to see what happens when price gets down there. Right now, the setup looks like price, the VIX is going to get to the 2032 level at the same time that each of these daily profiles are being tested. So that could really be the setup of a storm of a move lower. You know what I mean? Yeah, absolutely. And I appreciate you providing that every day for us to keep it on these different levels. So that's very helpful. Yeah, I don't know any other way to track these markets. You know, it's so helpful for us to understand where the buyers and sellers are. I mean, if we go back and take a look at the, you know, we're looking at the consolidation chart, there's another one, this one here. And I mean, just how helpful is knowing where those weekly profiles are. You know, 4504 tested and rejected last week inside the ESMini it held. That was part of the looking over the edge. The markets looked over the edge. The ESMini did, the Russell 2000 did, the Dow did, and it said, hey, I'm not jumping. And so there's a possibility we do go test those highs, maybe take them out and just not convince just yet. So I hope that helps you all, Brent. It does very much, Steve. You have a wonderful week, a great day, and I'll talk to you soon. That sounds great. That was Brent in Martinez, California. Steve Rhodes with TFNN. We've got the Dow trading up 528, the S&P 99, the Nasdaq 100, 486. We'll be right back. 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 and 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 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in 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. TFNN.com Educating Investors Are you looking for a secured investment which pays you on a monthly basis? The target first mortgage program may be the program for you. The best rate on a five-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per a $100,000 invested. The target first mortgage program pays 7% per year paid monthly on secured, high-value, buildable properties in St. Petersburg, Florida. The investment is for four years paying 7% per year or $7,000 per a $100,000 invested. Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from $100,000 to $500,000. Do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured target first mortgage? The target first mortgage program may be just the program for you. The target first mortgage program pays 7% per year paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. QQQ Forecast Dennis, I'm just showing you the NQ here. The forecast from a you wanted the monthly forecast. I've got really the weekly up here with the A to B equal CD. That should take us to 17-170. That doesn't happen unless we take out those all-time highs. So I'd be cautious there. There was somebody in the den who wanted to go short the Qs. Don't go short the Qs until the NQ gets up to 16-456. I realize that could happen overnight and then give it up and move lower out there. But that's really where the sellers are at where it's 16-336. So I would not take that short. Now, if you're talking about intraday, that's a whole different set of charts out there to look at. We had a question that came in here from John who wanted to do, who went long Rivian RIVN. And that is a good move out there. I've been watching this myself. And now we can see that yesterday was a roads momentum indicator bottom. That's where price moved lower, doing the rest of our less relative energy. You've got the bullish reversal candle now and a Rivian should go at least to tag the most recent swing point. That's up at the 126.75 level. But I do like your entry into that. I wish I had seen that, but I'm going to consider that myself for myself as well. So thank you for the request out there, John. And I haven't read the full question because I only have a minute here. I'm trying to get to everything. There's a question from Rich to take a look at DOCN. I know you want to look at two, but there's no way I'm going to be able to get those in. But let's try to take a look at I think this is DocuSign DOC and you've got. So that's not DocuSign. That is digital ocean out here. So digital ocean found support at the bottom of its weekly profile. Let me see if I can pull this up quickly here, DOCN on my other charts. So a key level of support has held. Your next level of resistance is going to be 9803. That's the bottom of its daily profile. As far as did this form a bottom, it may have, but does it form one of my bottoms? I don't see it just yet on the daily time frame. So at this stage here, I'll call it just a counter trend rally unless price close above 101.96 out there. And that is on ticker symbol, DOCN. Folks, thanks so much for being here today. Stay tuned for two more great hours. Your favorite polar bear, David White. He's up next. After that, you've got Tom O'Brien. He'll take us on home. I'll be back with you tomorrow on Wednesday at 1 o'clock sharp. On Thursday morning, we're going to record the show from 8 to 9 and on Friday, I won't be able to be here. But so tomorrow, the normal time. Have a great Tuesday.