 The following is a presentation of TFNN The Traders Edge with Steve Rhodes All now 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 January 5th the wonderful Wednesday edition of today's Traders Zed show I'm your host TV perseverance Rhodes who absolutely knows it 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 It's 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 Well, it means we can find a gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just past one O'clock in the afternoon. I do watch it. I'm absolutely grateful for your presence here But more important than that and 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 eight seven seven nine two seven six six Four eight if you can't dial then we've got you cover there, too Go ahead let those fingers do the walk-in that means go ahead and send me an email send it to Steve at tfnn.com And inside the subject heading please put radio show question Of course if you're in our Tigers then well any and every ping will do so let's go ahead and get this show Started a wonderful Wednesday. Of course. This is Tiger financial news network. I'm Steve Rhodes Welcome to let's show right now. We got a mixed bag out here That mixed bag has the Dow trading to the upside by about 87 points while the S&P is trading to the downside by 19 points An Aztec 100 to 28. That's one of four tenths percent Russell's off 19 Semis down 49 trannies are up just a tad New York Stock Exchange up to 10th percent 33 points. You've got the Spot follow tonics trading out 1732 still well below its 50-day exponential moving average gold is up $9 1823 is the print silver excuse me a Nickel 2311 there lights recruit up 78 51. She's trading out or that's up about 50 That's nearly 2% the upside natural gas having a nice move 3% but still not taking out its key level of resistance So it always makes that move a bit suspect out there So let's begin the day here one of our first questions in the Tigers then was if we could go take look at my nine My eight panel NQ charts out there in search of you know What is it giving what what message is it generating for you and I so as we were coming to that one o'clock time frame? That 1 p.m. Bar that's the What price was doing was taking out some hammer candles. It was a nice hammer candle from the NQ this morning at that 10 o'clock There was a hammer candle. I was on the 30 minute chart There was a hammer candle No, there was not a hammer candle that formed on the 60 minute chart. So just that hammer candle that's been taken out Your bar number seven of a TD nine count. I don't have a bottom on the 60 minute I don't have a bottom on the hundred and twenty minute. We are in wave number seven I take that back no no bottom signal on the two-hour time frame chart potential wave number seven count That's extending itself with prices breaking through on the four-hour time frame 16 145. That was its breakout level So that's not looking good. So if you're asking me, where's the next stop inside the NQ? That have to go with 15 9 25 75. That is the breakout level for the five-hour time frame and And we'll continue this conversation what we're gonna do with Brent in Martinez, California Who is calling about the NASDAQ as well. So Brent, thanks for calling and how are you today? I'm doing great Steve. It's funny the other day with gold today. It's the NASDAQ. I guess we're Have some kind of connection for whatever reason if you think about the same thing That's okay. So did you did you take that trade on gold? I? Did yeah, yeah, that's pretty well. Yeah. Yeah, I mean that I mean that same trade Watching what it's doing as we get up to this resistance level here We'll come back to the NASDAQ but what what what gold is done the level that you and I are watching out there And anybody else that might have taken that trade 1827 70 is the area of resistance That's a 60-minute TD 9 count breakdown level the other time frame Brent that I'm watching out here is the four-hour time frame The last major top out here a significant top I should say in gold that took place and that was with a TD 9 count now the TD 9 count Pattern there was on the bar following bar number 9 I don't know that this one is going to get there. So we have that same TD 9 count out here So I've just simply moved my stop up. I believe my stop is about 1820 right now So we're up at resistance. I just want to share that with you would love to see it break through that area But at least that's the update on that gold chirp. Let's go back to the NQ and tell me how I can best help you here. I Was noticing on the I was looking at the triple Q's, but I'm sure it will show up on the NQ's as well But if you go back to the November highs, there's been multiple A vehicle CD patterns that as they completed have given an opportunity to you know, take a long position So it looks like we might be in the midst of one right now that I think it's at least on a one-to-one They do not quite yet. I just wanted to get your thoughts Which I think you're starting to talk about potentially looking at that as a Maybe on a shorter term charts that there might be it, you know looking for some type of bottom Well, I had about noon I most certainly was I didn't pull a trigger there because I didn't get any kind of real confirmation on a shorter-term time frame chart Which is different than then this set out here So I do I have another set of charts that I also use where I'm taking a look at five minute ten minute Time frame charts. So as we're getting into a support level, you know I want to be able to see some kind of turned there No, I don't have those the shortest term time frame I have here is a 30-minute chart But I can tell you that the market breath for the 16 to 240 the TAS market breath is negative So I immediately went to the 240-minute chart This is you know hour hour and a half ago because I was looking to possibly take in a day trade here as Price was getting right back to its breakout level of sport of 16 145 And at that noon time frame it or 10 o'clock time frame I should say it generated nice hammer candle holding that level out there But the the shorter term time frame charts were not suggesting that now was the time where that then was the time to take that To trade out there and so the the moves to the downside have extended my best Estimation of where prices headed to now would be that breakout level of 15 9 25 75 where it's 16 0 34 So as we get down to that area the 30 and a 60-minute chart more likely than that We'll get to TD 9 count patterns out there and so I'd be watching for that So I'd be watching that 15 9 25 75 ish area out there if that doesn't hold Then we're likely to see a move back to the 15 7 81 15 5 88 area So the NQ is a weak link out here You had mentioned the cues now when you're talking about the cues you're talking about an a to b equal CD to the upside Brent or no to the to the downside Okay, yeah, but when you have the charts up there During the top of the hour, you know updates Yes, you can just see it just looking at it visually you can see there's a definite pattern there on the daily Yes, there has been you know multiple. There's like the third one that you know is kind of Same type of pattern and this one Look like it was getting close to completing then I can get an expansion So maybe you can draw that in and see where we're at Sure sure so another thing now I just put up the QQ EW I'll switch back to the cues here momentarily but another reason I'm just sharing this with you and in Others out there that I was considering taking a long position in the end Q was at the new and timeframe the QQ EW the equal weighted ETF had not taken out yesterday's low I just switched that chart to see that that is no longer the case out there So that was kind of a little divergence potential and if I would have seen the real bottom signals there I would have fired away at it, but we don't have that here in the QQ EW We get back to this break. We'll take a look at the Q's and the potential a to b equal CD to the downside With Brent in Martinez, California. 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 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 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 base 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 This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the TAS profile scanner which you can find under the services tab at TFNN.com Sign up today 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 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 TFNN educating investors Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Welcome back, so we're taking a look at the A to B equals CD pattern with Brent in Martinez, California so Brent for me I Lessened the likelihood of it being an A to B equal CD pattern when the retracement gets beyond the point 786 Retracement level in this case here the B to C leg for the Q's was 86 point seven eight Once you get above the point seven eight six It's almost more of like a consolidation pattern and yeah, you might get down and get below the swing point the B Point of that, but you're not that much. I mean the B points at 377 the one-to-one is at 373 out there So it's it's you know, is it technically a valid a to B equal CD pattern It's kind of like the ES mini or the spies or the SNP They all have a similar type of a to B equal CD to the upside all confirmed with the bearish reversal candle But in their a to B equal CD patterns, they were also like a point eight six retracement out there So it just so that that's it. That's my take on the a to B equals CD pattern, you know, we can't We can't interview HM Gertley out there, but but that's that's that's my take on it So right now the Q's themselves the level to be watching here Even though it's trading below is the 392 27 level and the reason is is that because this is a slightly bearish structured That's slightly it is a bearish structured profile when price gets above that which it did on the trade day of December 27th and remained above it for three four days out there when When price pulls back into it the countertrend move if it's just a countertrend move would stop in essence at the innocent All based on the close not the way it's trading at 119 in the afternoon So if price closes today above 392 27 or thereabouts It's got me Wondering what its next move is going to be is that confuse you make any sense I'm totally make sense. No, and I I can understand what you're saying about the AB equal CD pattern that But that has some legitimate legitimacy to it. Yeah, that if it's going beyond that that But the retracement is you know more than like I said it goes beyond that point seven eight six Then yeah, that starts to bring into question whether it's you know legitimate or not Yeah, you know, I typically look at look for look for other patterns You know to help us but like I don't want to know like what we do know about the cues that they've got a valid top right here at November 22nd, so not until that gets taken out Will what I'd be able to suggest there's gonna be any kind of significant move to the upside in and I think as you know My anticipation that we're gonna see a market that moves lower begins Maybe it's already begun out there in some of the indices and should at least last through the end of the month Which is a typical seasonal cycle if we get beyond that And in fact if in fact the markets do move lower out there then it could be an indication of You know something more Damaging taking place inside the NQ though. I mean, it's it's really got some issues out here So maybe we can't determine whether there's an A to B equal CD to the downside Inside the NQ what we can do is take a look at its weekly timeframe and the weekly timeframe has a confirmed Roadsman to mitigate her top last week was a bearish shooting star candle right up at Resistance, which was the top of its profile price is now below its green oscillator and change line. So On a monthly base, we're kind of new into the month out here, obviously But a bearish reversal can on a monthly basis would then say, okay, we're headed lower and that headed lower It opens up the door for twelve thousand two oh seven. I'm not saying that's where we're going But if we do get that signal that confirms the roadsman to mitigate her topping signal in the NQ The daily already has a roadsman to mitigate her top. So the NQ has got all of the topping Patterns that we need in essence out here. It doesn't mean it's a one-way move to the downside In fact for and for the markets to get down to the 12 to 07 level Which would get us into probably a bear market type territory of a 20% correction The the issue is trying to figure out. What's the fundamental thing that's gonna You know keep inside the news to push the markets lower Brent And I just haven't been able to completely figure that piece of that puzzle out And it is an important piece of the puzzle or at least I believe it's an important piece of the puzzle So sorry to ramble out there, but that's sometimes that's what you get when you call Stevie That's quite alright Stephen. I mean we a lot of it is just you know, it makes some sense that here We've had this huge run. Yes evaluations are getting a bit extended. I mean it would make sense that I Think a lot of ways it would be a healthy to have the market pull back You know, just to say nothing but pretty much You know for the most part looking at a longer-term chart is having that much of any Will pull back and thank for a number of years now Well, and so and that's where Brent and that's where Brent if we take now a look at the longer-term chart Because you're absolutely correct out there The one thing that stands out or should stand out to both you and I is that oscillator and change line Because we can see here that ever since April of 2020. We're now in January of 2022 Out here that any declines have found support at that oscillator and change line So that's a cool thing because if we do see a close below this level as we come into this month here It provides you and I with a really important piece of information out there So at this stage we would say until that until that pattern changes What price is going to do inside the NQ is find support at that oscillator and change line for its monthly time frame And currently that's at 15 970 out there. So Thank you for bringing up the longer-term picture because it just forced me to open up that window and For everybody to visually see as you pointed out a level that I think you and I can if we get a close below We'll say okay There's been a change at least going back into more than a year out there going back to February of 2020 So so thanks for bringing that up Brent. I appreciate that Absolutely, thank you so much for all your help and it's always a pleasure talking with you to have a have a wonderful day A wonderful rest of your weekend. I'm sure that we'll talk soon sounds great. Thanks so much for calling that was Brent in Martinez, California We had another question inside the Tigris. I just want to get to it because it's easy for me to Forget about those. It's just I've got a little small screen. This was for Mr. Bill who wanted to take a look at the 30 or Treasury So you may recall yesterday we got a call from Gary who was trying to determine whether or not to to exit his position and at that moment when We looked at the eight panel charts out there What you and I recognized was that on the weekly basis price who made its way back to its breakout level of support 156 31 now at the same time that it was doing that we had bottom signals We had a potential bottom signal on the daily time frame that was negated yesterday. It had a TD 9 count pattern Monday, which is got bar number one listen to it the bar following bar number 9 and yesterday's close was below that Suggested to move lower. However, if that's going to happen if you take a look at the intraday charts out here All of them each of them 30 minute 60 minute 120 minute 240 And the 5-hour time frame chart still have their bottoming signals either rogement to indicator bottoms or TD 9 count bottoms So what I was really kind of suggesting to Gary as I wrote in the newsletter for everybody this morning was if there's a close below Yesterday's low that low by the way is going to be a 156 13 Then I'd have to say the signal is to jettison the position and that price is going to head lower and the next breakout level Who would take us into the monthly time frame? That's at the 139 14 level So now I'm not guaranteeing that that's what's going to be the outcome if we get below yesterday's low Because really in the case of the monthly chart price would have to close below on a monthly basis below 150 307 but at least would be the target 150 307 So that's what I see mr. Bill when I take a look at their 30-year Treasury It still has the potential for a bottom to form here But it's going to be watching yesterday's low that will be the key to that Because the clothes blow it you negate all those intraday time frame signals Steve Rhodes with TFNN. We'll be right back 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 The Tigers 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 sharp minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows Interact with other Tigers and Tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money-back guarantee and become part of the TFNN trading community TFNN educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more check out TFNN and Tiger TV and get expert investing advice to give you the power to control your financial future Go to TFNN.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead TFNN also features trading services with a 30-day money-back guarantee for new subscribers as well as TFNN's Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on TFNN.com or TFNN's YouTube channel for live financial content from 8 30 a.m To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be TFNN educating investors TFNN is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any traders methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys ABCs and butterflies and much more 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 gonna 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 dot-com 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 dot-com Colorado and speak with mark mark happy new year to you. Thanks for calling. Thanks for holding. How are you today? I'm doing good. Happy new year to you. Thank you very much. So we're gonna talk about square, which looks just miserable out here What's going on with square? I do not have it. I've been patiently waiting I'm looking at potentially buying it around 134 Okay, it's a kind of a swing with decent volume Looks like it may have some support there, but I and it's also but I'm a little concerned I That would be below the 200 the exponential moving out. Okay. Okay. I'm wondering what you think on that I also put in a buy-in another stock which actually filled today So I'm wondering what you think about that if we have time. Sure. Well, we'll make the sure We'll make the time for it. So first with regard to the daily weekly monthly prices below all profile levels there So that's one of the reasons folks why I said to mark it Looks just miserable because all key levels of sports so far have broken If I just go from a retracement on the monthly time frame chart from the low back in 2020 up to its high The point 628 retracement area is 130. You probably already know that I think you're saying about 134 So let's just pull over the white background chart See if there's anything that we can see and we're gonna actually start with the monthly time frame since this chart Patterns here looks so miserable. Just looking to see if there's any kind of a signal out here Well, there's not so closing last month below 191 36 was not a great move for square That was its breakout level. It does have a Valentini nine count and roads meant to Mindicator top So if if this mark would tell you that square could get back to $42 and 33 cents So that's what the monthly chart is communicating to us. So you got the fours or I think you said 134, right? So I don't know that that's what the outcome is gonna be But if you were to ask me wait, where's the support and square on the monthly time frame? It's $42 and 33 cents Let's go see what the weekly hopefully it's got a little bit better news out here So the weekly says you could actually see some type of bottom pattern Form this week. This is the bar following bar number nine So the cool thing about this and that you're looking to possibly take a position is whatever the low ends up being this week If you start seeing price trade below that low next week out there And certainly close below whatever this week's low is we'll know that that was a that that Steve oh shouldn't have said What he just said although it is what it is It's a TD nine count pattern that's out there And and the other reason why there could be some type of least short-term bottom is that it's also there and change line Change colors about four or five weeks ago typically when that happens when we do get a bottoming pattern We see price that line catch up to each other So if in fact there is not a bottoming pattern that unfolds in square and since we see an A to B Equal CD down pattern out here mark what I would do on the weekly basis even though it's a TD nine count I'd want to see the Gertley buy signal I would want to see the bullish reversal candle if this doesn't bottom Then this tells us that the next area of support or the breakout level support would be $84.06 so before I switch over to the daily time frame mark Do you have any questions about this chart here that I can explore with you? Okay, all right So we know the daily and the weekly are just saying man Much lower price for square now the cool thing about what we looked at on the weekly chart is it had that TD nine count and So when you do that on a weekly base, you like to see some type of bottoming signal on a daily Well, we have a rosement and indicator signal. I have wave number seven So we've got two of them and what you would want to see here is some type of bullish reversal candle What I will share with you is the last time that we got that bottoming signal was on the trading day of December 21st It had that same rosement to indicator bottom and what we can see here is that was a barestructured profile and price was unable to get above the Center, which was at about 171, you know, give or take out there Now you're below all profile level. So it's got potential I would now see in the daily time frame chart I would say if you got the bullish reversal candle here, then your battlegrounds are gonna be 159 83 165 17 and 169 17 above 169 17 would say you've got something out there. So does that information help you if I confused you? It's all good. I'm I'm gonna Hold off on I'm putting that on that order 134. Yeah, okay. Yeah. Well, so so, you know, watch it continue to watch it And please either call back in or write to me if we see some other activity Inside of square on the daily basis and we'll we'll take another look at it What's the other instrument that you're in that I can punch up here for us? art UPST and Actually grabbed a few shares at 129, which is the low of the day. I just kind of put it in on a whim and Got it. So now I want to know if that was how uh, oh Right, well sure. What was the ticker symbol again? It was a GPS T? UP, UPST. Okay, thank you So this is gonna take just a moment here from my charts to get everything going for the daily weekly and monthly time frame Take just a moment here and now so what GP what UPST upstart has What does it have? So it's got a wave number seven bottom that took place on December 17th So you'd like to see that level hold that is 12845 or 129 22 So that's okay. So you still have you know a valid bottoming signal out here Let me look at the weekly chart The weekly chart Tells us what the weekly chart says that this is going to that this we're currently in bar number nine But in order for bar number nine to actually complete you need to see at least a move below or spike below 12845 and so far the low of this week is only 129 So if it does do that get you know spikes below that where it should find support Is at 121 that is the breakout level? So going back to the the daily you already have a wave number seven That will if you get a spike below that that candle session though It's gonna sort of make it's not it's gonna negate that pattern signal out here, but the So, you know you got potential for a TD nine cup But it has to still spike below that low out there and on the monthly time frame chart There's just not enough data to help us So what I want to do here this this set of charts here mark doesn't have my short-term signals on it So I just want to quickly I Just want to quickly go to a set of charts that would for you UPST Since you're in this trade and you're trying to make a decision whether to stay with it or not because what we'd like to see Is we'd like to see some type of bottoming signal and maybe some resistance levels Failing so now I'm just going to look at I've got a 10 and 30 minute chart for you and the 10 minute chart Doesn't show anything great What you'd like to see is a close above its oscillator and change on which is currently 130 and change 132 if I look at the 30 minute time frame chart You've got the potential of erodes meant to mitigate or bottom, but it needs the bullish reversal candle So your question is this a good buy or not? I don't know I don't have a I don't have a clear signal on this one Well, you're looking at we're looking at some other metric Maybe some volume test or a swing point test or there's something else that I should go take a look at is what I'm There were some bars back and have to look back at the There's some bars back You've still got the wrong. Well, I see I see where you I think you're probably back into the September 2020 Time frame out here that may be a time period because seems like that's the area right now Where it might be a gunning for at least that's the next set of swing points. There was a nice breakout So I think this is really what you're looking at would be my guess of which would break out August August 5th 2020 which had some nice volume there. Yeah, 39 million shares So but price might be gunning for that area and I'd say that area is probably the low of September 4th Which is 134 even Stephen. Maybe it's the low of September 11th 134 26 So it looks like maybe that's where price is headed to all right. It's under this under that it's at 129. So All right, Mark. Hey, thanks much for calling to get happy new year to you We'll look forward to speaking to you soon and we're pulling for you on these trades out there Steve Rhodes with TFN We'll be right back 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 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 Before you make one of the biggest decisions of your financial future call Tiger real estate LLC today at 727-329-8322 Or email us at Tiger at TFN.com that's 727-329-8322 Call us today Technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices Target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week You can get the technology insider at TFNN.com for only $37 and 50 cents Sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try at risk-free today with our 30-day money back guarantee TFNN educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD Directions daily S&P biotech three times bull and bear ETFs visit direction investments comm slash Biotech 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 866-476-7523 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 Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to DFNN.com and hit watch Tiger TV that's TFNN.com then hit watch Tiger TV Welcome back folks. So we've got about 10 questions in the queue here So Stevie will be a little bit quicker with regard to my response. The first one. This was from yesterday This is Southwest energy SWN as a ticker symbol right now on the daily basis We can see price below the bottom its daily profile red oscillator and chain sign That would suggest to me wants to make a run for its prior swing points from December 20th If we take a look at the weekly time frame chart, we see that prices trading below It's also their change line inside its bearish structure profile This suggests to move back to the 424 level the monthly time frame has a TD 9 count top price You get to 382 below 380 till you're looking at 218 to 304 So the direction on Southwest energy at this stage here looks like it is to the downside out there Thanks for waiting next today. I don't recall who it was that asked about that There was another question take a look at Bitcoin. I believe this was from Michael P He was short Bitcoin. He closed out that short trade wants to get back into a long position right now What I've got is just the I've got the Continuous contract up on my screen out here. It's not going to change anything I don't have that bottoming signal as we speak. So there's roadsman to indicator bottom and I mean, it still is in effect and it's in effect as long as price does not close below 47 015 But I can't be right. Let's try that again. Can't close below 45 515 and we're at 45 790 So Mike if you see a close below that level that I just gave you You know that then then there's the net bottom has failed. That's roadsman to indicator bottom You see that prices below that oscillator and change line. That's currently printing at 46 157 You at least need to see price close above that on a weekly time frame chart out here This suggests that a TD 9 count bottom could form could begin for well could form by next week out here But short of that price is likely to target 38 305 So I don't have any signal to suggest that you would enter a long trade in Bitcoin So just a congrats on your trade out there and just be patient The next question was to take a look at Southern copper now I can tell you I'm not going to go look at the charts But when we take a look at high-grade copper, it's running into resistance Which is the top of its profile out there but when I take a look at Southern copper out here It looks like it wants to go make a move to 64 85 that is the top of its weekly profile If I look at the daily time frame chart out here the daily time frame chart for Southern copper says hey Steve Oh, I don't know what you're talking about. I want to make a move to 65 97 now I know that this individual is also I believe this was David in Texas Who was take a look at a to B equal CD pattern very similar to the a to B equal CD pattern that Brent and I were Discussing here's our a to B a to B point out there But this retracement is way less than a point three a to retracement and yeah point two three eight is one of those I don't know if that makes that out here But so what we don't have to worry about is whether this is an a to B equal CD to the upside or not Because in essence we get about the same type of the same type of a move out here Which would get us back into that 65 97 level the reason why it is likely to do that is because Price is taking out yesterday's high which was a TD 9 count up So it does look to like to me Southern copper is going to make its way up to that 65 97 level But it's not getting help right now from dr. Copper which is trading right into resistance So just pay attention that David and best of luck to you on that trade Nancy wants to take look at Apple So I'm going to pull over the apple chart out here Who is long message a snowing cascading mountains in Washington, which has got to be beautiful out there So Nancy says could you give me your take on Apple as to whether it should it should hold this level and go back to its eyes Over the next few days So let's just take a look at the chart see what they're communicating to us Well, we take a look at Apple. We've got a confirmed top on its daily time frame Yesterday was a confirmed roadsman to indicator signals a little dark cloud cover That was also confirming the prior TD 9 count top that is in essence still in place out there So you've got two topping signals Nancy's asking the question will price find support here Well price is pulling back into its bullish structure daily profile area So Nancy it has that possibility And that range would be between 174 40 177 17 If you were to see a close and two consecutive close below 174 40 then the message would be even more clear Well, first would be hey, I'm going to head back to my prior swing point That's December 20th and then below that 157 80 so the dailies got a topping pattern The weekly still has a roadsman to indicator top and a TD 9 count and the monthly I believe also has a topping pattern out here as well Well could could form a TD 9 count top this month being bar number 8 of a TD 9 count So your question was do I see Apple getting back to its highs? Out here it may but blowing through those highs not seeing it because that's not the signal All right, you've got a TD 9 count top You've got a Rosamund indicator top out here. So price might find support though in this 177 17 area So that's our call right now Nancy and Apple a Nancy Nancy in Washington Where we do get lots of great apples out there and actually some really great Cabernet just saying out there See, of course Stevie wishes he still had his taste back because then I would start drinking wine again Not really much wine for me. No reason to waste it anyways Hey, stay to the charts here Stevo. Well, the next chart is about uranium And this one is coming in from Lee follow up to your question yesterday currently trading at the top of its consolidation 25 85 what do we need to see a confirmed breakout out here? So good question And we talked about a consolidating pattern the price is trading into it So the top of that daily profile is at that 25 85 level we're 25 85 So what we should do here Lee is at least go take a look at volume Let's just see if the volume can assist you and I we take a look at uranium ticker symbol here As you are a more looking for folks is a as price is moving into this Resistance level here's that consolidation. You can see it. What's the swing point? It's really trading into I'd go with this little junior swing point from November 29 and had volume of 1.4 million shares Boy, you are pushing into a big volume today 5.9 million shares, but you haven't taken it out and your question was specifically what do you need to see? To confirm a breakout. It's going to be a closing by the top of that daily profile Now if you get that you've got that consolidation measured move But I can visually see that consolidation measure move is going to be greater than where the top of the weekly profile would be Which would be 2788 so even though we've got that consolidation pattern Price is going to have to bust through that next level of resistance, which is 2788. That's what we see when we take a look at uranium Let me also though pull back that daily time frame chart here for Lee and you got it 3092 would be the next resistance So that's a TD 9 count breakout breakdown area So pulling pushing into a swing point for sure with volume and but now you can tell out here Lee Just how strong those sellers are at the top of that daily profile 2585 being that number. So hope that helps you out Thanks much writing in and a best of luck to you Lee writes in and says that can we take a look at Tiva pharmaceuticals? so we absolutely can Teva is a ticker symbol and Tiva has rogment to indicator bottom It did that back here when it formed that hammer candle now the hammer candle was tested but it held this is the hammer candle from back on December the 20th and Lee yesterday that was tested and rejected don't know about the volume metric right now What price has done is traded right up into resistance the top of its bearish structure daily profile So 863 is the number you need to see a close above if you do get a close above that then you're looking at run to about $9 and 48 cents your question was What are your thoughts on Tiva time to buy or sell? You had a valid bottom in you right up into a resistance level So no you're what you're holding time period was if it was just a trade Well, then you know where the sellers are at and that's an 863 and that is held Let's just take a quick peek at the volume here before we go to a break on Tiva Just curious what it is doing as it pushes into that prior swing point. What did that swing point have that swing point had volume of 7.8 million shares and you're about four million shares right now. I Wouldn't buy it. I Wouldn't have a problem holding it. Do you sell it? It really depended on depends upon your trading strategy And what you why did you get in and where was your target? See roads with CFN and 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 TFN And 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 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 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 Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave Up-down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by Basil Chapman and 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 secured investment which pays you on a monthly basis the tide of first mortgage program Maybe the program for you the best rate on a five-year CD in the country right now according to bank rate Dot-com is paying 1% per year or $1,000 per 100,000 dollars invested the tiger 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 100,000 dollars 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 dollars invested or 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7% per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 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 Well folks so three more requests on the request line the first one from JJ James wants to take a look at DHR Dan or her would you like your thoughts? Thank you. I'm not in it yet And so you're close to to where you might want to consider getting into it now You would be trading the consolidation pattern So it's in a clear consolidation of any other kind of signals you're below the bottom of its daily profile Not really great, but you're trading right back into the consolidation area the bottom of the consolidation a little bit lower Almost were yesterday's low was that maybe just a tad below that at the 304 54 level That's a daily time frame the weekly time frame chart shows their price right back in support as well And that's the bottom of its weekly profile. It's at the 305 95 level out there So, you know if you're into trading consolidation patterns and okay I don't have any other kind of signal out there to suggest anything else So I hope that helps you out James and thanks much writing in happy new year to you as well The next question coming in it looks like we've got actually two questions on the same instrument one from Mimi one from Hector And that is a take a look at the X on X the X on X on mobile And yes, it is in fact a to be equal CD to the upside on the weekly time frame I'll just show you the small one. This is the small a to be equal CD pattern out here That is a swing point now, of course the week is not over But right now we know that prices trade about 66 38 the high from the week that began November 8th That week generated a volume of 88 million shares. You're already at 82 million shares. It's only Wednesday So assuming that price close above 66 38 Hector You have a small a to be equal CD to the upside that should take us to 72 24 or 76 12 There's a larger a to be equal CD, but we're not going to go ahead and right put that one in as we speak right now We'll just deal with the smaller a to be equal CD pattern for X on mobile if I pull over the other X on mobile charts out here Oh, I bet it really So that's on X on mobile. It's headed higher the last question was to take a look at cliffs national resources CLF is a ticker symbol out here If we take a look at cliffs, this is bar number 8 of a TD 9 count nice wide-ranging bar Not likely to form that or make a TD 9 count high today It's likely gutted for its most recent swing point in about that 2650 level, but you could get a TD 9 count by Thursday Me so pay attention to that folks. Stay tuned for for David white. He's up next and I'll see you tomorrow