 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 July 12th the wonderful Wednesday 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's having a great day Hey, let's make sure we have an extraordinary one. Now the easiest way to do that Well, it's to always remember that life is happening for us not to us That's right when you and I can make that one little two-by-four shift It means we can find the gift and every set of circumstance that life is going to toss at us now today You and I are going to 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 next 53 minutes I'm here to serve you so feel free to pick up that phone I would love to hear from you at 877-927-664 But if you can't call in you've got a question. Well, we've got you covered there, too You can send me an email you send that off to Steve at tfn.com and inside the subject I need please put radio show question now send that off early now if you're inside our tigers den Well, then any in every ping will do so let's go and get this show started on a wonderful Wednesday Of course, this is tiger financial news network. I'm Steve Rhodes. Welcome to the show We got a sea of green out there whether it's the US indices the sectors in the s&p 500 nearly everything. We take a look at the Dow It's up 271 the s&p 42 the Russell is up 26 the Nasdaq 189 the some eyes up 56 points the lowest percentage is basically about one or really three tenths So be the trannies are up three tenths percent 52 points gold is up a little over 1% silver's up nearly 4% That's 23 bucks and 88 cents respectively likes recruit trade up $1 at 75 84 today We'll complete a teeny nine count top that says no today's high if we start closing trade above that tomorrow Well, that would be a strong upward momentum move for lights We crude natural gas up eight pennies and a 30 Treasury up one point to printing out at 125 12 now leading the charge dollar wise the upside is Domino's pizza 35 bucks 10% as mill holdings 23 bucks over 3% Mercado Lear Bay nearly 2% or nearly 20 bucks United Rentals almost 13 bucks in black rock $12 and change about one and seven tenths percent the shakers to the downside is Granger WW it's trading down 14 points. That's about nearly 2% trade out at 780. We take a look at elephants health That's down 14 bucks or 3% 4% for Palo Networks a $10 move signal group down 3% or 9 bucks and the silk road medical It's off 27% that's a stinker. That's down eight buck runes. We've got a caller on the line Let's go out and speak with Garo. Go. Thanks for calling. Thanks for holding. How are you today? I'm very good. How about you sir? Very very doing very well. Thanks so much for asking MDB is the ticker symbol that you're calling about. Tell us how I can best be of service to you Yes, sir, MDB I'm in short now. I'm been shorting this for five days And if you look at the daily chart I used a star parabolic dots and you'll see that is there are five dots at the top of it. So when I'm the daily Candle goes below that The those dots that it shows that the trend is changing and it's going to short The daily chart, but this is it is at a 392 and change is just holding the five-day It's right intercepting with 21 day I see that as soon as that five-day crosses 21 down and the candle goes below the five-day then the real short starts and I I need is your idea that you think this is going to happen and if it goes down You think it will go down to three hundred thirty three dollars, which is that? 50-day moving average. Got it. Okay. That's yeah, that is number one number two the weekly Is a very overbought is very promising, but it's very very overbought And the candle is below is five-day moving average. That's not a good sign The monthly it is very good promising, but the candle is way away from the five-day moving average So either the candle has to stay here and hover at this price Until the five-day reaches and intercepts with the candle or the price has to go down and hit that $320 level in that area. So from there on it will be Acknowledge that which way is going to go So my question from you sir is that you think this will go towards on a daily charge will go below that 21 day moving average towards a 50-day 333 or this is the end of it because The MACD is in a very bad shape Is being crossed a few days ago when the MACD crosses over on a daily charge Which was which was done when on On the few days ago five six days ago So the still is the Still is on the down side So what is your idea, sir? So I think so you are right here And I do have both the daily and the weekly charts up on the screen so that people can follow along with you Our numbers I know that from time to time on our charting systems for some reason They offer a little bit different information. So as an example on my weekly chart right now I show price trading out at 392 And change out there and I show the five Day simple moving average at 392. So it's already made that intersection at this at this point in time But that's what I show on my system. So I just need to make sure I I I I stated that because we've got folks that are looking in and you were talking about waiting for price to get up to that level And on my system for the five day simple moving average I've got it there right now not a big deal But to answer your specific question I do see that has lost its momentum and everything that you described Also, which so when I look at my charts out here, I see that it is also lost momentum We could take a look at that momentarily what I don't see is a top What I do see right now is a consolidation with inside its daily profile And that range runs from 379 80 at support To the resistance zone and there it's a zone because the center of this profile is closer to the top than it is to the bottom So the cell zone is 405 68 to 418 70 Will it get down and bust through that profile level? So the only thing I've got to go on right now to take a look as as an example when price was down there On july 1st and we're you know holiday time periods. So sometimes these volume metrics that we look at we've got to Consider when that took place what was going on but on july 1st out there the volume was 1.4 million shares It's moving lower today through the first two hours of trading. We've done about 400 000 shares So 400 000 would equate to maybe 1.2 million or so at day's end So what price is doing right now or appears to be doing is pulling back with lighter volume That's not exactly the sign you want to see As price two days ago which price yesterday two days ago On the 10th Pulled back and tested that support level at the bottom of that profile 379 80 out there on the daily time frame So this is kind of interesting on the daily time frame now and maybe and when we get back to this break You can answer this question for viewers and myself as well The dots now are on the downside not on the top side out there for mdb At least that's what i've got on my system So maybe you can answer that question for me why you would still absolutely consider the short position here I again, I think this is Communicating to you and I more of a consolidation than a true out short steep roads with tf And I will be right back to speak with garo And I stick with this Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence Forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive. 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 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 tfnn.com The opening call newsletter is written by basal 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 in stock prices Get the opening call newsletter by basal 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 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 tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 I was garland california an extraordinary trader. We're taking a look at ticker symbol mdb garl uses the five the 21 50 day simple moving averages along with the parabolic parabolic star Now i've got the parabolic star dots on my system out here And the question before he went to break that i asked the girl because he took a short position based upon the parabolic star dots and Really looks like it might have been on july 7 july 6 or july 7 is when he started shorting this stock And now we've got parabolic star dots that are below price out here. And so my question was Why would you still stick with the short? Isn't this more of a message of a consolidation than a You know than a significant top out there Or so so that's that's basically my question to you My charts are completely different than i see your charts About the reading and the formation of your chart is completely the opposite of mine Wow I'm really amazed that how the dots are below in your chart And my charts are showing the dots are up from 6th of july. That's where the short started Um It really it really amazes me that I'm i'm i checked with two different Charging system one with Schwab and the other one with tc 2000 both of them They're showing five dots at the top of it on a daily chart on in the three months it or six months daily basis and No, if that is the case We cannot you cannot talk about this at all there is completely Yeah, that's that's interesting. So one of our denner's uh dana side of the tiger's den says his charts are are matching yours as well Can I ask you um, you know, i'm not that familiar with the the system and you probably can answer this real quickly The inputs that I have on my system. It's got to start an increment in a max I don't know if that makes sense to you and each of mine are set at either 0.02 0.02 and then 0.2 Would those be the same settings that you're using would you know if those are the same settings or not? Is the same variables. Yes, sir Same thing. Yeah Yeah, wow 0.02 and 0.2 Absolutely. It's the same variable But okay, how you're yeah Yeah, that's so I'm I'm going to uh, I won't do it right now because I want to take up the time to do that But I will try looking at that uh at this on my do me this do me favorite Well, yeah, send me an email whenever you get a chance But I will try looking at that on my other Chart system when I get off the air and also make a call over to e signal because what doesn't make sense that it's not Lining up But what it does do is it you know it posed that question to me when I saw it And when I had originally come up with the idea of a consolidation was because as I look at this daily time frame chart What's missing for me here is a topping pattern And so what I see is just a consolidation with inside the profile levels Especially known that two days ago price tested and rejected the bottom end profile at 379 65 That doesn't mean that it can't be a short It just doesn't have the topping pattern that I'm looking for I would say you were asking can price get down to 330. Obviously you can't do anything that it wants I would say price is going to need to close below 365 11 at 365. This does have a td9 count pattern It's just not a topping pattern because the high came in on bar number seven But that still sets up where the breakout took place and the most recent breakout at mdb was 365 11 So if 379 65 fails, I would watch 365 11 if 365 11 fails, I would watch 357 0 5 357 0 5 is the bottom of a new weekly profile that has formed this week Those would be your levels of support and I apologize that my my e-signal system is not even close to matching yours No, no, no, it's okay Steve. It's okay because on my other charting system the candle it is below The regression line with a 30-day moving average and below hall moving average Moving average with a 50-day moving out. Both of them the candles are below that when the candle goes below Regression line on hall moving out. That is the end of it that the short starts from there But uh, the way that if we have a conflict of Charging system, I don't want to take your time more than I've to appreciate your time and listening to me It has I appreciate that sir But I'll I'll come tomorrow or day after tomorrow and see if they can have some resolution on that Perfect. That sounds great. Hey girl. Thanks so much for the call and all the explanations That's great. And I look forward to speaking with you again soon You bet that was Garo in California Let's go on to we've got a couple requests that have come in. So let me get to uh, those here before time Elapses and the first one came in from hector and patty and their take look at ticker symbol i w o And what I think I'm going to do here is I'm going to change screens at moment Charlie because they're asking about the a to b equal cd pattern. I w s they confirmed an a b cd to the upside You please confirm and give us a target for the possible d points out there. So first on the daily time frame Another thing that I'll point out to you is yesterday price negated a td9 count top So again another pattern here or a pattern that was negated yesterday the weekly chart though You are in bar number eight of a td9 count that says you could see an intermediate term top That forms between this week and two weeks out. So now I'll switch back to the black background charts We'll go ahead and populate those and we'll take a look at the a b equal cd patterns We'll look at them for the daily weekly monthly whatever time frames that they're available for us And now let's get over to put in i w o. I believe that is one of the russell Indexes. Yeah, that's russell 2000 growth So that's interesting. So really I also had drawn in here originally a consolidation pattern, but it looks more Like it could be well, we'll just leave that at this stage here So with the weekly chart though is telling us so hector and patty Is it's not showing us an a to b equal cd to upside at least not just yet in order to do that I would say that price needs to close above the high from the week of august 15 2022 And that number is 248 98. So I put that number on your pad of paper With regard to the daily the daily that you guys are looking at and then we'll pull this chart back Or I would think this is what you're looking at the b point out here on the trading day of Let's make sure I got this the trading day of june 14th the c point being the low here on june 26 And the eight point would be all the way back down to the low that form in march 24th Now that one-to-one price projection would get you up to 260 348 Because that was only a 0.382 retracement was really 36 percent retracement Odds would favor this would do more than a one-to-one a to b equal cd Now what i'm doing here hector and patty is i've given you the numbers that you asked I'm not at all at this stage here saying that's where price is going to go And the reason i'm not saying that is because of that weekly chart out there And we really want to see that swing point get taken out now the swing point that we referred to on a weekly basis Had done volume of 2.5 million shares. We're now about almost halfway through the trading week We're not but it's 812 000 shares So this is moving into that swing point with light volume out there now I didn't have any kind of a topping signal or anything on the daily time frame We did on the weekly though right we had bar number eight of a td nine count So even though we've got a confirmed a to b equal cd to the upside in the daily time frame out here That small a to b equal cd pattern. It's really the larger one, right? It's the large one So if we take a look at the larger one now the a point out here Starts all the way back on the so once we expanded out the chart june 16th is our a point And that's why it's helpful to also do the weekly because if it's on the weekly It's also on the daily there might be other intraday daily type signals out there The b point being the trading day of august 15th and the c point looks like it Might have been either october 13th or September 26. I'll just use the october 13th at this stage here now that swing point Daily swing point had volume of 743 000 shares. You're only at 1.2 right now. So hector and patty I don't know about this a to b equal cd stuff that you're looking at based upon yesterday's Pull the chart back a little bit further. Take a look at what i'm looking at here Steve roge with tfnn 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 tfnn has just launched their new trading room the tiger's den 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 tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom obrien 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 tygruses as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers 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 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 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 Educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back now folks. So let's go on to our next question. This one coming in from brent and martinis california Question reads like this. Good morning. Steve. I'm long sbsw. That is um, so what is that still? sbsw sbsw Cybane still water something like that Um, cybane still water. Yeah, okay great. So I'm long sbsw the six-hour level seem to be at my point that You've got the october 750 calls 20 cents piece. What do you see as upside potential as well as downside support? If you have a chance to look at gold There is a correlation with the stock have wonderful ones that you do the same. So if we take a look at sbsw You've got an a to b equal cd pattern to the upside Um, you got that nice gap today. You've got some good volume behind this move today's volume so far About 2.4 million shares an example yesterday at 4.4. So you're well ahead of that The next price target to the upside is seven dollars and 16 cents Short of a bearish reversal candle, which would confirm a gartly sell pattern. That is where price should target 716 Prices above the weekly oscillator and change line, which is at 669. So that's also a bullish outcome You asked about downside support price close above the top of its bearish structure daily profile yesterday brent It's traded above that today. So our two-day rule has worked out here on a retracement Should you get a retracement the retracement should find support at six dollars and 30 cents It could be 639 but six dollars and 30 cents should be the ultimate support If they move lower at sbsw is nothing more than a counter trend move out there So that's what I see is your upside potential above 716 I'd be looking at the 819 level that happens to be the current bottom of the weekly profile out there And yeah, you see got nice looking patterns on the daily and weekly for sure the monthly not so much just yet But the daily and weekly are looking very good. So brent. I hope that that helps you out And as always thanks so much for taking the time to write in much appreciated We've got a couple questions inside the tiger's den. So let's get to those First one coming in from Who asked about this was this kota? Who asked about this? I apologize. I think it was But doesn't matter the question. I believe the question was in the spy Is there a td sequential cell signal? There was something about a 13 So I assume that that's what you're referring to a code if that was you and the answer is no, I do not have that I do not have that Td sequential signal that is on my system out here for the spies All that I see on the spy is that it's up above prior swing points There's no topping a signal on the daily timeframe The weekly is going to complete bar number nine of a td 9 count So you can see that and that says so so from an intermediate term standpoint Let's not get over our skis out here We could see a top that forms between this week and next week out there the weekly the monthly chart Looks very good for the spies and suggests that it wants to get up to the 468 20 level out there So I do not have that 13 count that you were looking at and I know that it works For example, I'll put up the gdx charts here. I'll eventually get to those Charts and if we take a look at the gdx chart out here And I don't even know that john probably john and the tiger's den z you probably knew that but if you didn't know that We got a td sequential signal on the trading day of july 6 right and then you got to get a close a four A close above the close four bars earlier. Well, I know we've got that today out there So I don't know if john Knew that on the so I do know that and this has both a td sequential and td combo count out there So on my charts what I've done is I I reconfigured that tool It's not in every chart because there's a lot of calculations going on But on some of the charts certain charts that I have it'll populate and show us that 13 because I don't want to be caught off guard Like I was when john was able to point that out To us so in reviewing a chart so I don't see that inside the spy chart if that was not the question We're asking about a quota. Please let me know and I'll be happy to get specifically to your request out there I'll just go to the next question that came in That is uh from um seven inside the tiger's den and the ticker symbol here is muln In muln is mullen automotive. What a sticker this thing has been and maybe this was I I don't know if this was a What this was I mean at some point in time this was trading out at 21 bucks. So it's trading out at $20 and 64 cents today. It's at 15 cents out there um So I don't know if there is if there was uh if this was a reverse I don't know what this was but you're asking. What is this doing? Man? This is uh, uh, Oof Yeah, I don't like this. What the heck happened to my charting system. That's very weird Got some weird things going on today. Maybe that was part of girls the issue I was having a girl's chart. So on this chart here What I've got is uh, what do we have? much of anything um Just looking at the weekly basis 17 cents was the close this close was 11. I've got nothing here I've got nothing. Uh, so let me just switch back to black background chart seven. I'll give you the data that I can um You know, I do I have a baby if you're asking do I have a bottoming pattern or something like that? The answer is I don't And I don't really know what you would do with this stock here I guess at 15 cents you can buy as if you believe in this company you buy as a As an option trading you take 1% or whatever amount of capital you want to risk And uh, that's how many shares you buy and you stick it in your drawer out there But I don't even have reasons to suggest that you would do something like that reasons What would be a reason stevie a high volume high could be one of those reasons and we just don't have that So price is trading about the top of the daily profile the top of that daily profile is 11 pennies out there Uh, I'm sorry, it's 14 cents and the bottom is 11 But other than that, there's really not a whole lot of information that that can provide to you on mullen You can see it, but the second chart here is still the sbs w and that is really wild m u l n so there's something That worked that time and any but that's all that I can provide to you. I hope that that helps and Thanks much for taking the time to write and hopefully next time it gets a little bit better So john had written in I pulled up those charts for the gdx out there And and we showed we showed that td9 are the sequential Signal that had formed out there and you're getting you're certainly getting confirmation today You might have got that yesterday or even the day before But the question was could I discuss the gdx not relates to this gold rally out here? So let me do this, um Let me get to this chart This is pull up the gdx charts. So first folks, uh, I don't have the charts that I can show you right now But you can do this work yourself go back to a time period where gold formed any kind of significant, uh, bottom out there And uh and match that with the date on the gdx and match that to identify rates of change So figure out you know how many how many days from the bottom to the top there were Put that in as your rate of change time period So you know that during that top and bottom just what that rate of change was for the gdx And when you compare that to the rate of change for gold You are likely going to find that the gdx outperform the rally in gold by three four five 10 to 1 15 to 1 sometimes out there So typically when we get a gold rally it is the mining stocks that will outperform what gold does typically Does it mean always it means typically so that's the first thing that I would be looking for one of the things I'd be looking for and then I'm going to go back to and start to monitor john is just that now on a Short-term basis. So you know that the bottom that was put we know that the gdx put in a nice bottom on june 29th out there But so I'll probably use that date And start paying attention to the rates of change of both gold and the gdx out there And one of the reasons that I want to do that was because of this chart that I pulled up Late this morning. I wasn't real happy to see this and what am I seeing? I'm seeing gold moving lower in pounds and yen And euros this month Steve Rhodes would break that 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 tfnn.com The opening call newsletter is written by basal 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 basal 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 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 7 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 7 newsletter today tfnn.com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etfs China a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares Carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 8664767523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Back up folks or take a look at the stock charts here for gold that you take a look at these are monthly stock charts that you're looking at Gold one one thing I do want to point out to say here girl if you're still listening in I did pull up a mdb chart on my Ninja trader system It's hard to see right now It's got the the the dots of parabolic star dots are are in gold and here they are showing up top out there So one of the first things that so this is matching what dan has is matching what you have And obviously I've got an issue with my e-signal system. I'll try to get that resolved today But tomorrow when you call back in we continue So at least I've got the one system that Is is generating the same information that you are we can retake a look at it or I'll even take a look at that myself tomorrow with you Or without you either with or without you Tomorrow on the show out there. So I just want to to to let you know about that Okay, so here I'm taking a look at the charts for gold now. This is a monthly time frame chart for gold And really what john's question was about was yes, he was the question was what do I think is probably the biggest opportunity? I think was a question something like that and and I I Gave the answer was gold night. I went through the reasons why Out there now in order for gold to really sustain a rally in order for any significant instrument to really sustain a rally It needs to be moving higher in all major currencies Well, certainly something like gold or silver or crude oil needs to be rallying in all major currencies Right now on a monthly basis. You can see we do have gold trading higher In dollars but it is not trading higher in dollars in euros in yen in pounds So john this gives me just a bit of pause out there And is another reason for me to want to be able to track what the rate of change is on a daily basis Between gold silver and the gdx as long as that rate of change and the gdx remains above the rate of change For gold and silver then I think we're on pretty decent footings But and I'm gonna have to go back and do some work on the gold priced in euros pounds in yen And try to figure out what they're doing with regard to support and so on and so forth So I hope that that helped you out with regard to that question If not, you know, I'll go ahead and write back and I'll try to Provide you with the information that you're looking at Inside the tigers den dan wanted to take a look at the profile levels for ticker symbol swim And swim there. They're my favorite shoes out there Swim shoes that is and uh, I make a really good product But any event with regard to swim you specifically we're asking for profile levels Well price is above the top of the daily profile. That's at 344 You don't need the bottom or the center on a weekly basis the profile levels that we have price is going to target the top of its weekly profile Dan that's at 403 or at about 398. Let me just see if we're actually at that price Sometimes I have a little bit of a delay out here swim Let me make sure that we're also in the right spot We're not in the right spot. Okay, so this will be helpful if we do that. That was probably mr. Bill Thank you. So let me get over here So now we're at the stock charts for swim And uh, what was the b to c before we complete the abc? The church steve Dan are you talking about swim Disregard, okay. All right. So with regard to with oh, no, you weren't doing something Well, let me know what it was. I don't have any other questions in in the queue here So, uh, you know forget, you know, just just just let me know what you want I'm happy to go take a look with regard to swim itself The last bottom that formed out here was a td9 cow bottom was back on june 22nd We have a weekly td9 cow bottom on april the 28th out there So all that looks good and then on a monthly base looks like we're going to get arrangement to mindicator bottom pattern So that's a beautiful thing. Now what price is doing right now Dan on a daily basis moving into a swing point with light volume Was es okay I'll get i'll show you that because we now wanted to do that anyways So, uh, that's uh, the may 26 swing point is what it's trading into that had 378,000 I'm sorry. Did I say lighter volume? It's moving into it with volume 375,000 that says that that high should at least get tagged that high Is four dollars and three cents four dollars and three cents matches up with the top of the weekly profile So therefore if price able to close above the top of the weekly profile Well, you should expect or anticipate as to move up to its td9 count breakdown level and that's at four dollars and 35 cents That's really everything that I see here with regard to swim. Um, if there's anything else that you need Please, uh, let me know So what Dan was asking about was the a to b equal cd pattern for the es meaning I don't really think I ever got to that. So, uh, so and I did want to get to that So let's do let's try to figure out. Well, did I do this here? Let me just, uh Change windows Because I don't I didn't get to it because I went right into a call with girl. That's what it was So let's look at this this set of chart here. So let's take a look at the equity markets So what do we know about the equity market? So on a daily basis We know that the es mini has rose momentum top with the resistance levels at 44 98 We're 45 oh four right now a price close above 44 98 We're going to go figure out where price is going to head to but that's the first thing a price doesn't close About 44 98 the a to b equal cd pattern that we're going to go take a look at on the weekly basis Right now wouldn't mean anything. It'll mean something if we get a close above 44 98 In the case of the nq out there the number to be watching is 15 475 50 Now ideally what you would get is you would get both of these that negate their cell patterns out there Which would go right along? Where's that come from? Which would go right along with the russell 2000 the russell 2000 A close today above 19 29 10 is going to negate its cell signal That's got a td nine count and a cell the d point pattern and that'll generate an a to b equal cd With a one-to-one price objective of 2030 now in the case of the dow equity future contract It would need to take out 35 768. That's a roadsman dominicator top from back on december the 13th of 2022 out there So we're quite a ways from that now with regard to larger a to b equal cd patterns Here is the es mini on a weekly basis and that says that price should go target 45 57 Well, we would agree with that if price takes out in close above 44 98 So that's how you put that together on a weekly basis The nasdaq 100 is already at the 1 to 1.618 or very close to it a to b equal cd That's actually priced at 15 6 11 On the nq But what we can also see here is priced to run right into the sending trend line So after sending trend line is resistance on the daily basis remember We still have that td9 sequential sell signal that is still valid and in effect as we speak right now at 11 49 in the morning If we look at the dow we can see that the dow is also made it up to its descending trend line So it's up to stiff resistance and as good as the russell looks and it does and i can't turn off these trend lines I could adjust the tool so to speak but what you can see is the russell 2000 is moving into a cluster Of trend lines out there. So even though it looks like it is broken out We take a look at that daily time frame chart stevie's gonna say Hey, not so fast Definitely not so fast and even if the es mini takes out the 44 98 level It may just be targeting that 45 57 area out there So we'll have to take things one step at a time out there But we can see when we look at the larger term or the weekly charts out here We can see how price inside the nq the dow the ym the russell 2000 are each hitting trend line resistance That is not the same for the smp 500 That is not the same for the es mini real quickly here before we go to break as we take a look at market breath Here's the market breath for the smp 500. It's bullish for all time frames for the nasdaq It's bullish for all time frames might say all time frames are referring to 60 to 40 daily and weekly But we've got the 30 minute charts for you as well and out of 30 minute basis Let me see here. Let me just make sure we update this the nasdaq right now the nasdaq has Short term bearer 61 below 18 above and I believe inside the smp 500. That is the same So we come back to this break. Let's look at the 30 minute time frame charts for the es and q Try to figure out where they might be headed to We'll be right If you're looking for potential trading setups in the stock market, then rocket equities and options report is a newsletter You should try tom. Yo brian delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals 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 tfnn.com tfnn 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? 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Just visit the front page of tfnn.com Welcome back up folks. Hey, there are a couple of emails requests that came in. I don't know why my system I see one came in around 11 30. I'm just getting it now 11 40. I'm just getting now. I will get to those requests tomorrow. So I'll make sure That I get to those requests tomorrow one was on roku one is on hsy So we'll do we'll do that a brent has questioned in his email that he sent. He also asked about gold and silver. So brent Gold right now is trading above the top of its daily profile above the center of its new weekly profile It should target 1995 and silver should make its way up to the 2477 level that's really the area that price needs to close them up to tell you and I this is more than a counter trend move out There's a lot to make sure I answered those questions back to the 30 minute time frame charts now back to what we haven't gotten to it Let's take a look at the 30 minute time frame charts simply because so on the es mini i'm going to change panels here On the es mini or the s and p 500 it actually was market breadth bullish So that's the upper left hand chart now what price is doing right now is testing profile support And if it does close below 4507 it could be telling us that it wants to go target 4480 It's market breadth bullish. It's just slightly by about four or five instruments So it's kind of a coin toss But watch 4480 that would be a key level of support on a further pullback inside the nq Price right now is testing the bottom of its profile. I mean truly testing it the bottom of that profile is at 15 374 Price closed below that we could be looking to move back to 15 285 And on the dow it's holding support. It's testing 30 minute profile support And the russell 2000 it's well above. It's just sideways move russell's in the world of its own as we speak right now So that's what's going on inside those 30 minute time frame charts Nancy want to take a quick peek and that's all that we have time for apple With regard to apple out here You know all that we know is that apple is consolidating with inside its bullish structure daily profile Nancy it really ought to be able to make its way up to 192 24 out there It hasn't why I don't know but let's look at a 30 minute time frame chart what I can share with you I still don't know why it topped where it did But what I do know is that price is trading below the bottom of its 30 minute profile right now And that bottom is at 189 15 and the price closed below that by 12 noon We're likely going to see 188 39 on that and know that this morning We had a nice one that was yesterday afternoon a nice bottom at 186 60 you close below that that says lower price Folks day two for some great program and I'll see you tomorrow on terrific Thursday