 is a presentation of TFNN The Trader's Edge with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the October 21st, the terrific Thursday edition of today's Trader's Edge show. I'm your host, E.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope you've been out there 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, when you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstances that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know 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 in at 877-927-6648 and if you can't dial in, hey, we've got you covered there, too. Go ahead and let those fingers do the walking. Go ahead, send me an email steve at tfnn.com inside the subject heading. Please put radio show question and in our Tigers then, well, any in every ping we'll do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Let's Show. We've got a mixed bag out here. You've got the Dow down 123. The S&P is up 90 cents, so that's flat. Nasdaq 156. Russell's up 2. Semi's up 10. Trendy's up 73. You've got gold down 5 bucks. Silver's off 32 cents. Light's recruit off a buck 78. Natural gas down 11 cents. Trading out a 505. 30-year treasury down 14 ticks. She's trading at 157.22. To the upside, dollar wise, you've got Pool Corporation up 29 bucks. Tesla's up 27. Netflix 25. Digital World up 223 percent. 22 bucks. That's a good move. Maths Group, like Maths Box, is up 21 of Buck Rooney's. To the downside, it's MicroStrategy. They're down 21 bucks. Two and seven tenths percent. Chart Industries up 15. Buck's at 8 percent. Lamb Research down 2.5 percent. 14 Buck Rooney's. Kaiser Aluminum off 13. PayPal down 12. So let's go answer the first question that had come in and we'll go take a look at the general markets. If you were listening in on the overview, the market update, I had mentioned that natural gas out here, now this is the November contract that we've got up here. It's going to be rolling over to December here shortly. And so I had mentioned that Lightsweed Crude had formed a new profile, brand new Bullard Structure Daily Profile. The question was, I said it should be able to resume its move higher because this profile has formed above the prior profile. And Mr. Bill and Tiger's Den asked a very good question. And his question is, do we need some type of bullish reversal candle to confirm that signal? And my answer to that would be no, not necessarily in this instance. So Mr. Bill, where I use the bullish or bearish reversal candles is the completion of a pattern. And in this case here, the pattern would be, or a pattern that we could take a look. In fact, that's the only pattern that I see that would be available to us would be an A to B equal CD to the downside. But price has not gotten down low enough for that to occur. So if price does close below the bottom of its profile, which is now $4.93 and certainly two consecutive closes below that, then the answer would switch to yes. Because then we would have the A to B equal CD pattern that would likely be unfolding. And we would wait for that type of a confirmation. But that's not the pattern that we have in play right now. So what I'm using here, Mr. Bill, is I'm using the profiles to give us that kind of a signal. So when you have a new profile that forms and the low is above the prior low and the high is above the prior high, we don't really matter. It doesn't matter to us whether where the center is at, although in this instance here it does help us. So that tells us about the trend should continue to the upside. Now all we're really trying to do here with all these tools is to increase our probability or increase our odds of a successful trade. Doesn't guarantee that. But we have this information that really provides you and I with a competitive edge or at least I believe it provides a competitive edge. Now Mr. Bill, if you're a person or anybody that's listening or watching in and was looking to go long natural gas, what I would do is I would wait for a close above $5.16. Because we don't have a completed pattern, we're just using this or I'm just assumptively using the task market profiles because they do provide us with tons of information out here. What I typically have experienced is that when price gets above or closes above the top of the center of a bullish structured profile, we're not there just yet, that would then signal nice move up to the top of that profile. With this profile being relatively wide $493 to $573, it probably it's worthwhile to go ahead and wait for that. Now the only thing that would change that is if we went over to the short-term timeframe charts and we saw some clear bottoming signals. So let's go do that. Let's finish this off appropriately and we'll go to Stevie's eight-panel background chart. This way we've got the monthly, weekly, the daily, the 30-minute chart. So if we take a look at a 30-minute chart out here, a couple of days ago, this is when the bottom was forming, Mr. Bill, that was back on October 19th. And what we can see out here is this formed a nice TD9 count bottom back then. And on the 60-minute chart what we see is a roadsman to indicator bottom. We see that on the 120-minute chart. I don't have anything on the 240 and I have wave number 7 on the five-hour chart. So this is also another element that you and I would put into our overall interpretation about what the message of the market is. And here we can see natural gas is attempting to form a bottom or already has formed a bottom. And now what you'd be waiting for are key levels of resistance to fail. In the case of the 60-minute chart I'd be looking at $5.18. $5.18, you're back above then. In this case here you'd be back above that $5.16 level in that new daily profile. And that would be your signal that price would begin to move to the upside. So hope that helps answer the question. Again, the bullish and various reversal candles I use at the completion of an A to B equal CD, a roadsman to indicator top or bottom. And pretty much that's it out there. Not that we don't like to see them associated perhaps with a TD9 count top or bottom, but that's not really the requirement out there. So hope that helps you out. That was a great question. Thanks for asking it. And now we all know, at least the Stevie's thoughts on the profiles and the patterns out there. So now let's go take a look at the general markets, get a feel for what they're doing. As long as we're talking about bullish and various reversal candles, let's go to the chart we're going to make the most important piece of information provided to us today. And that's this. As we take a look at these four equity future contracts out here, and even though you can't, it's not that easy to define a bullish or bearish reversal candle using these bar charts out here. What I can share with you is that the Dow equity future contract in my opinion right now is the most important chart for us to take a look at it. One, because price is back to its all time highs, that was at 35, 431. It closed above that yesterday. Two, let me just pull this chart up on the screen so I can find it because we're in this consolidation pattern. That wasn't it, but this is it. Here's our four consolidation patterns. You've got the Dow up at the top. We're trying to understand is the Dow generating a signal for you and I that is getting ready to bust through that consolidation in the same thing for the ESMini. So that's an important chart, but right now I'm really focused on the Dow more than the ESMini because the Dow is the weakest indices today. And it's probably easier for me to do this. Let's get back to these charts here, but let me just pull out. Well, I can't do that. I'll have it set up when we come back from this breakout here. We'll look at my other four panel chart, but there's a possibility that the Dow equity future contract will generate a bearish engulfing candle today. It's got the potential, the potential we need to wait till the end of the trading session. Steve Rhodes with TFNN. We'll be right back. 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. 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. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. 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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. I'm not saying that if that occurs, that means that price is going to move all the way back to the bottom of the consolidation. It could, but that's not what I'm saying. And the reason that Stevie's not saying that is because the actual first level that price will move to before it reveals any information to us will be that green oscillator and change line. That change color is about three days ago. So what that tells us is that over the coming sessions, I don't know how many sessions, I wish I did, but I do know that over the coming sessions, we should see price net line catch up to each other. Now, if we get the bearish reversal candle, then it's almost assumed that that is what's going to be the outcome. And if price just pulls back, tests and rejects by rejection, I mean, tests it and moves higher, that would be a bullish outcome. And that would at least say price is going to go back and tackle the top of the consolidation. Now, at this stage here, we don't have a bearish reversal candle. So price could bust out of that consolidation. It's just that we're up near a resistance level. And this would be the ideal time to get that completion of that pattern. Now, we'd like to see the same thing inside the ESMini as well. You'd like to see everything kind of top at the same time. Doesn't often happen. It can. But based upon the way the markets are trading today, it doesn't look likely. But if we did get a bearish reversal candle inside the ESMini, that would also, even though I don't have it drawn in here, that would confirm an A to B equal CD pattern. As we know, we took a look at the ESMini. It was also trading into the top of its consolidation. So both these all these charts are really important to us. In the case of the NQ, if it generated a bearish reversal candle, that's not going to happen today. Maybe tomorrow. It's also going to change that, by the way, as is the ES. All three of them have changed colors. So that tells me that we are likely near a short term top. Now, we're in bar number six on the ES on the NQ on the Dow equity future contract. Maybe it's going to wait to form bar number nine. I don't know whether it will, but that won't be until next week. But if I do know is if we do get a bearish reversal candle today in any of these, then we have at least short term tops and price should then go target those oscillator and change line areas. Even though we were at 44 44 on the ES, that's not going to be the price level where the ESMini and price test. I mean, it could be, but it's not likely, but it's going to be somewhere in that vicinity out there. So that's what I see that's going on inside the equity future contracts. If we change over and just take a quick peek at the short term, my short term, I'm just going to look at a 30 minute set of charts out here. This is for all four of them. They're not providing us with a ton of information either. Well, they are and they aren't. What I mean by they're not providing us with a ton. They're not providing us with information. Let us know whether we're going to get a bearish reversal candle or price is going to break out. Why? If we take a look at the ESMini, that formed a roadsman to indicator top. That was yesterday. We've seen price just trading as sideways consolidation. So the cool thing about the sideways consolidation, as you know, is that whichever side is broken, we have a measured move equal to or greater than the consolidation. The NQ, the same thing. Now in the case of the NQ, she just generated a roadsman to indicator signal. Now this candle does not close for nine more minutes, but right now it's a bear sash candle and their price can form a bearish reversal candle and close below the center of its bear structured profile. The bear structured profile is at $15,419. I don't even know how that got there, but $15,419, if price closed below that, take a look at a source that are changed like just changed colors, where will price head to? It'll head to the $15,398 level. So just like we looked at in the daily timeframe, we can go to a short term timeframe and make those same types of calls out there. Here we've got the bearish structured profile out here inside the natural gas contract. We saw a bullish structured profile. So if price were to close below the green line, this is the NQ, then we'd be looking at a move back to $15,36 or the bottom of that consolidation. Of course, we know if the consolidation gets broken to either side, then we have that measured move. If we take a look at the Dow, the Dow has actually completed an A to B equal CD pattern. It did it as we were coming on the air or close to coming on the air. Was it about $11.30? Yeah, I said $12 o'clock. So it formed at noon. It was a bullish piercing candle. In this case here, if price can close above its oscillator and change line, which is about where it's trading right now, price will make a move likely to the $35,441 level. And if price can get above that, then it goes back to the highs from earlier yesterday, right? From when was this, when did this form? This was at 1.30, 1 o'clock yesterday afternoon. And if that's going to happen, we're not likely going to get that bearish reversal candle that we would take a look at. And that says that price likely continues to move higher, although price has got a clear yesterday's high, which is really at about the top of the consolidation. So that's what's going on as we take a look at the equity future contract. So by the way, the Russell 2000, I had a nice rally this morning. What was it doing when at top? It was forming. So first, this is bottom early in the morning. This was the only one of the four equity future contracts at bottom with a TD9 count that was confirmed by 4 a.m. That ended up turning into an A to B equal CD to the upside, then formed that evening star candle formation. And then price just simply pulled back to test support. So the Russell 2000, if we're just looking at things here, you've got support holding the Russell 2000, the Dow forming an A to B equal CD with a little bit of resistance work to do. So really kind of watch the Dow equity future contract. I think that's probably, well, I'd be watching that and I'd be watching the NQ. Can we have opposing messages? Absolutely. We've got a market where it's a mixed bag already, the Dow's off 118 and the Nasdaq 100 is up about 48. Okay, let me take a quick peek, see if there is any questions that have come in. And we do have one. This one is from Hector and the fuel injectors and it's with regard to NVIDIA. So let me do this here. I'm going to get to a different screen. I'm going to go ahead and change that screen. So let's do this so that Mr. Bill doesn't have to knock me upside the head with a 2x4. And let's get NVIDIA punched into the screen. And then let's go ahead and read the question. Does today's price and volume candle nullifies yesterday's bearish reversal candle? So let's let this, yes, it does. So just waiting for this to populate out here, this being NVIDIA that had the Bitcoin charts up on the screen. I don't know why it's taking so long. I have too many things that are open at this moment. But nonetheless, here we're going to expand out the NVIDIA chart. So this is a great question. And Hector is talking about the sell the D point that formed inside of NVIDIA. Here's the A to B point. And I think we took a look at this. We might have taken a look at this yesterday. Here's the C to D point. This was a little bit of an expansion above the one to one. But yesterday you had that bearish engulfing candle. Now this is really important Hector and everybody else that's listening. So we have the sell the D point. But that alone is not enough for us to just simply go ahead and fire away. I mean, you can if you want out there. But what else do we know about taking a look at this chart? So for example, where is price trading in relationship to the oscillator and change line? That's the green line. It's above it. What does that mean? That means we have a rising price oscillator above zero. And that is a bullish condition. Even if price pulls back to test that green line, it is still a bullish condition. And remember the test and rejection of that line, which we already have had inside of NVIDIA. That was about four or five days ago. That's the bullish outcome. When you do get a sell the D point or any and the other thing is is price is trading above the top of its daily profile. So in this case here, Hector, shorting NVIDIA is not a great idea even though you got the sell the D point because of where price is trading relationship to the resistance levels. Now, of course, we would go take a look at the short-term charts and see if there's some kind of levels of support that have been broken. But a close above yesterday's high, that is a bearish and gulping candle suggests that this continues to move higher. So yes, Hector, that does negate yesterday's sell signal. Thanks much for the question. CROADS with TfN. We get back. We're going to go out and speak with Gary about new skin. 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 creditor in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with these sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TfN and host live during their shows. 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I think one of the few products that my wife doesn't own just yet when it comes to skin. I just texted her. She's in the other room. I said, is some of that stuff you use? Is it from new skin? And she wrote back no why. So I'm sure she's on the website now taking a look at it. All right, great. Yeah, my question is, I've been waiting. And they report earnings here in a few weeks. That should be pretty dynamic again. But we'll see if that means any difference. But my question is, did it bottom? And if it did, what's the numbers? Even if it didn't, what's the kind of the range I'm looking for as far as next level, in your opinion. Sure. Okay. So you're really a longer term, intermediate term trader of new skin, correct? Right. Yeah, I have options for December and March. Okay. So what we like about new skin right now, first, I want to point out to take a look at the profiles daily, weekly, and monthly. Now, there's good news and bad news. The good news is prices above the top above the bottom of the daily profile. It's above the bottom of the weekly profile. So that's the good news. The bad news on a monthly basis below the bottom there. So we got a little bit of opposing messages, but you're in more of an intermediate term type trader. And then the answer to, oops, sorry, that's the wrong chart. Let's pull over the correct one. Let's pull over new skin. And so I'm going to first just focus in on the weekly timeframe. And the weekly timeframe, Gary, last week was bar number nine of a TD nine count. Now, the nice thing about new skin is that it really pays attention to those TD nine counts. So if we take a look at the bottom back in March, it was at bottom with a TD nine count. If I take a look at a high out here in September, it topped for a short period of time. Again, we're looking at a weekly chart for five weeks, six weeks out here, seven weeks. So it did the trick. We had another top that formed out here in February. And now we've got a TD nine count bottom from last week. In addition to that, as I pointed out, is that there's a brand new bullish structured weekly profile that is formed. So what that tells us, so you've got good, so do you have a bottoming pattern? That was one of your questions. The answer is yes. And you have it on the weekly timeframe, which fits more with your intermediate term timeframe thinking and whether that's going to fit into the expiration of the options that you have that much. I don't know, but you do have a valid bottom out here. And this happens to be a chart that really does pay attention to those TD nine counts. Now, what we can also see out here, Gary, is on the weekly timeframe that Stevie's oscillator and change line changed from green to red quite a while ago, a couple of months ago. So that tells us now, we should expect price in that line to catch up to each other. The top of the profile is probably where price in that line will catch up to each other. And that's in the 44 57 is range out there. So the weekly chart is saying, okay, yeah, I've bought it now on a daily timeframe, I'll switch over to it. This has a roadsman to indicator bottom. And that occurred on the trading day of October 13th, when price gap to the upside. So you've got a bottom on the short term timeframe, you've got the intermediate term timeframe, a quick pick in a quick, a quick, a quick peak in a timely timeframe. I got zip, you know, so you're really pulling for the daily and weekly out here. If those patterns fail, because we've got valid bottoming signals, then the message would be that new skin is likely headed to 2644. But that's not the message that we have right now, one 30 in the afternoon on October the 21st. So any questions about those charts and those signals? If it did bust out over the 44, what would be the next level then? Then I'd be looking at 53 83. And that's where price had broken down most recently on a weekly basis inside of new skin. At least that's the price from a weekly standpoint. On a daily standpoint, it's 51 32. So you've got 51 32 53 83. And I'd pretty much just keep it at those two levels is what I would be looking for. And that number at 44, the big, my big target, what was that 44 what? 44 57 is the top of the weekly profile. And right now, that's that are changed on is 45 61. So it's going to be somewhere in that range in that area where price now you don't you won't get the confirmation of that. Yes, we've got the confirmation of the bottom, but it's a both structured profile. The confirmation of that move to the 45 area, Gary, is a close above 41 98 doesn't have to do it this week. But that would be what you'd be looking for. Okay, cool. You the man. So that's great. That's great stuff. Now I got some targets. Okay. The other one you wanted to look at is emx. Is that correct? You got it. That's my baby. So the baby. So tell us what you're doing with emx royalty. It is trained above the top of its daily profile inside a brand new weekly profile and very likely going to head to the 288th level. But tell the folks what you're doing and how I can best help you. Well, it's a long term play. It's actually I think it's generational wealth. Personally, I've been following it for three years of net management. And they have just put on there are royalty, but they're a prospect generator royalty company that's been around for 18 years. And they got 300 different assets. But the point is they actually just got some things that have been in the works coming all coming online. There's like four major royalties going to be producing millions of dollars in royalties now annually, always in the next two months starting. So the point is, is I'm looking for a point where I maybe I should have bought some of the 250 when I went down there, but on the same token, does it have a chance to get down there again? Or is it just kind of pretty well solid and moving more towards the upside? So those are all great questions. In order for this to signal that it's going to move lower, the first thing that you would need to see is a close below $274. And if you get a close below $274, then you should see price move down about another dime to $264. And if price can close below that, then you get to your $2.51 level. And that's the bottom of its daily profile. If you're asking me, do we have any kind of signal that that's going to unfold right now? We do not. But that's what you would be looking for. There's certainly A to B equal CD patterns. I've got wave number seven is another pattern that identified the bottom back on October 6. So the daily does have a valid bottoming signal and with price above the top of its profile, odds favor that price is going to go target the 317 area. And that's over time. When I look at the weekly timeframe, it too has an A to B equal CD pattern that was completed last week. That was when it generated that three river morning star pattern. Right now you have price above this red oscillator and change line, which is priced at about $277. And so if tomorrow, Gary, price closes above $277, this will be a change in trend signal, the first one that you've had since May. So now that doesn't mean that it's absolutely off to the races. What it means is that price should then go target on the top of its weekly profile. And that would be $288. It would be a close above $288, Gary, that would then give you the signal that this is absolutely a change in trend and more likely than not, that answers your question that no, price won't get back to the $2.05 level. So it still has a possibility to do that. I just don't see any signal right now to say that that is a likely outcome. Okay, that's a good one. I was, you know, I suspected, but I wanted your confirmation because that's the ultimate. Okay, so here's one thing I'd look for tomorrow and Monday. And that is if price can spike above $282, doesn't have to close above it, just spike above it tomorrow or on Monday, then you'll have a TD9 count top. And then that could take price back to about the 260 level. Alrighty. Okay, good. Hey, be well, my friend. You bet. You too. That was Gary in Michigan. Steve Rhodes with TFN. We'll be back in about three minutes, folks. 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. 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An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-4767523. 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. Let's go to our next question. This one coming in from the golf guy. Can we see where HIMX may be going? Seems to have hit the mid-June lows of 10-ish on lighter volume in last few days turned up. Let's go take a look at this instrument. HIMX is the ticker symbol. Let's get that up on our screen out here, not HIMZ. At least we know there's no HIMZ as a ticker symbol. That's the beautiful thing about Stevie's typing skills. But what the golf guy wants to know is, hey, where's this headed to? Well, three days ago, close above the top of its slightly bearish structured profile. I did that yesterday, trading above it today. So you'd like to see this day above the level of 1061. You're trading at 1066 right now. Do those five pennies mean anything? They mean something to Stevie, and they should mean something to you too. So that looks pretty good. The problem is that HIMX technology is below the bottom of its weekly and below the center of its monthly profile. So let's pull over the other charts and try to understand if there's any kind of bottom signals coming from any of these timeframes. Let's begin by taking a look at the daily. So as we populate the daily, you can clearly see the A to B equals CD down pattern. The A to B point looks like this. It starts from the high of that rogement and indicator top, gets down to a TD9 count bottom that turned into a nice little rally. And here's your A, your C to D level. And so it hits it pretty close and then it generates that bullish reversal candle. In essence, the question that Mr. Bill was asking about in the beginning. So that's your confirmed bottom golf guy. And now with price above the top of its daily profile, that's the next bullish outcome. And that suggests a continued move higher. I mentioned that the weekly and the monthly are a little bit troublesome, but let's go see if we've got any kind of a bottoming signal out here. So on the weekly timeframe, what do we see? What we see is a by the D point. So really the same kind of thing, although different timeframe. So I'm just going to use this, my A to B point, just take this to the C level. There you go. And voila, there's your bullish reversal candle. Now that is this week golf guy, what I don't know, what you don't know is where is price going to close tomorrow. But if price closes above, I'll give you the number. If price closes above 1036, you're trading at 1066 right now, you'll have a bullish engulfing candle, and that'll confirm a by the D point. What that should then do is take price up towards that oscillator and change line. It's currently printed at 1213. Just use that as a guideline. The bottom of the weekly profile is 1251. So if your question was, your question was, can I see where this is going? Well, you've got a bottom on a daily and a bottom on the weekly. And that's what you like to see on the monthly chart. You don't have a whole lot of help here. So you're going to need that daily in the weekly to truly take over, but there's no reason why they shouldn't, at least at this stage of the game. So I hope that helps you out. Thanks so much for the request. And we'll look forward to hearing from you again. David in Tom Ball, Texas, he wants to take a look at something. That something is AEP. Can you do your chart analysis on AEP? It's American Electric Power. So we absolutely can AEP. Let's get that fired up here. Within the last week, I believe I recall seeing the symbol on your newsletter list of TD9 count bottoms. Can you give me an update on how the stock is performing now? So let's go pull over AEP here. Let's go take a look at what David is asking about. And I don't have a TD9 count pattern on the daily timeframe. In fact, I have got on the daily chart here, this was just a, I don't have any kind of a bottom pattern, but that doesn't mean that it didn't bottom. And so what I'm referring to there is there's really an A to B equal CD to the upside that is underway right now. That'll be confirmed with a close above $85.25. That would then, and price is trading above the top of its slightly bearish structured profile. So even though I didn't get the bottoming signal, at least on the daily chart, maybe I got one on the weekly chart out here, and we'll go take a look at that, price should continue to move higher. Now it may just be setting up a currently sell pattern. So the A to B point right here, actually we'll do it on the other charts because on the other black background charts, I can give you the exact levels and the expansion area. So on the weekly timeframe chart, what does the AEP signal to you and I? Not much. It's trading right now into resistance, which is the top of its weekly profile. The top of its weekly profile is at $85.07. We're trading at $85.03 right now. What price really needs to do is close above that oscillator and change line. That is at $85.68. If price can do that, that would then suggest a run back to its recent highs. It may just be a large consolidation that this is trading within. So that is a very likely possibility in a short-term timeframe. I don't have anything really to share with you on the 30-minute chart. So with regard to your question, you're just looking for what the chart analysis is. It looks to me like it wants to add higher. Again, it just needs to close above what we're going to go take a look at those A to B equal CD patterns. So I'll give you that exact number in a moment here. So the A to B equal CD, this again is for the daily timeframe for American electric power. The A point is going to be the low on October 1st. The B point is going to be the high on October 7th. And the C point is going to be the low on October 13th. So $86.22 is your price target level. That would be the one-to-one. As price gets that area, what you're going to be on watch for, David, is some type of bearish reversal candle. If you get that, you then have a garantly sell pattern. If you don't, then price should continue rising. And the next target above $86.22 would be $87.41. That's using our A to B equal CDs. But what we do know is that price is right up at resistance. So if you're wondering why did price stop here, it's simply because that is where the sellers reside on the weekly timeframe, and they're sitting there at $85.07. So that's where the battle is taking place. And the question is, who's going to win? The bulls or the bears? Looks like that is all that we have for questions, at least coming by email. I don't believe there's anything in the tiger's den. But if you wouldn't like me to take a look at something, please let's do so. In the meantime, probably a few folks interested, excuse me, my throat is gone really dry. Sorry about folks. I needed the old swig of water to try to wet that whistle. FUTU. Absolutely, George. Let's go take a look at FUTU. This is not, that's not FUTU. Let's get to our three-time frame charts. Here we go. FUTU, FUTU Holdings, right? FUTU Holdings. Now, George, what is it that you're looking for inside of this? What I will share with you is you can see that new bullet-structured daily profile formed two days ago. Yesterday was a close above the center. When you close above the center of a bullet-structured profile, where does price usually go to? See, George, you can answer this question yourself. Tell me, where is FUTU very likely headed to? And you see it, and I know you're getting ready to type it in, and you're exactly right. $78.24. That is the top of its bullet-structured profile. Now, that's the good news. The bad news is price right now is trading below the bottom of its monthly profile and trading below the bottom of its weekly profile. So what you and I really need to do, and I didn't get this going when you first typed that in, is on my white background chart. So let's go take a look at its daily and weekly time frame, just waiting for this to populate and see if there was some kind of bottom associated on the daily time frame with that move lowered. Same thing on the weekly chart. And the answer to our question is no, not a darn thing there that I see that would have identified a bottom on the daily time frame. But nonetheless, price is inside that bullet-structured profile, and that says that price should at least go tagged at $78.24. That may be all she's got, and that may be just a counter trend move. On a weekly time frame, we have any kind of a bottoming signal. We do not. So at this stage here, the best information that we have, George, is this is just a counter trend rally that should take it up to the top of its profile, and that's at $78.24. If it does more than that, then we can come back and take a look at it. We can always take a look at it, but that might be then generated a different message for us. Steve Rhodes with TFNM, 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. 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Let's take a look at the overall market share as we go into the close. You've got the Dow off 130. The S&P is down two. The Nasdaq one is up 46. Russell is off a couple of points right now. Really, it's going to be... Let me get my charts back up on the screen here. We're going to go back and take a look at the daily time frame for those equity future contracts and just simply review those. Give me a moment here just to change screens. We'll go back to our white panel screen out here. Again, we can see that there's... Even though they're not drawn in here, you can visually see what they're drawing in. It's drawn in on the Dow bottom left corner, the A to B equal CD pattern. So the ES, the NQ, YM, each have A to B equal CD patterns that are underway. We know that the ES and the Dow are both up at the top of their consolidations. We can see right now, as we speak, that the Dow has a chance to generate that bearish engulfing candle, has to close below yesterday's open. And if it does that, you'll get that bearish reversal signal. Does that mean that the move is over or going down to the bottom? It could mean that, but the first meaning would be that price will go target that oscillator and change line. And that's where we'll really get that first message as to whether or not it's a top of any significance, meaning going all the way back down to the bottom of that consolidation. But right now, from a target standpoint, 34.872 would be the target if and only if we get that bearish reversal candle. The other instruments, as we speak at 1.55 in the afternoon, they're not participating in that message. You've got a doji candle right now inside the ES. That's not a bearish reversal candle. You don't have any kind of bearish reversal candle inside the NQ. But we still want to watch one at a time for these signals to unfold out here. And again, the first levels of a retracement for each of these will be back to the daily oscillator unchanged line levels, folks. So thanks so much for being here. I want you to stay tuned. We've got two more excellent hours up. Your favorite polar bear, David White. He's up with the Power Trading Hour. Tom O'Brien, he'll take us on home. And I'll be back with you tomorrow, another treat, a San Francisco treat, 8am sharp. So be here, 8am sharp. We'll do the show live, we'll replay it from one to two. I'll do everything I can to make it as pertinent during this hour as I humanly possibly can. So we'll see you in the morning, bright and early. Take care, folks.