 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 afternoon folks. Welcome to the February 9th the wonderful Wednesday 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 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 Well, it's to always remember that life is happening for us not to us That's right. When you now 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 passed one O'clock in the afternoon. I want you 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 in at 877-927-6648 If you can't dial in no problem. We've got you covered there, too You can always send me an email Send it to Steve at tf9.com and inside the subject heading If you would be kind enough to put radio show question, of course And our Tigers then will any and every ping will do so let's go ahead and get this show started on Wonderful Wednesday, of course, this is Tiger Financial News Network. I'm Steve Rhodes and welcome to less show My apologies folks We've got a technical issue that I don't know that we're gonna be able to resolve here by the end of the show And that means that you can't see my charts and Tiger TV nor on Inside our Tigers then so I will do my best so everything is happening for us The forest is a Stevie's gonna get a chance to see if he can really articulate clearly What's going on with the instruments that you have either requested that we go ahead and take a look at So I will do my best now. Let's just take a look at the general markets out here. You can see my screen. Oh That's perfect. That's great. All right, perfect. Thank you, Dan I appreciate that knowing that so they've got something figured out and that products room those guys are geniuses there So that is a beautiful thing. All right, so now let's go take a look at so where do we want to begin here? Now is going for game plan B Let's take a look at let's first start taking a look at the index ETFs out here because right now We have one actually we have two that are trading above The top of their prior swing point the prior swing point potentially being a B point of an A to B To be equal CDT upside the first is going to be the Russell 2000 IWM and that's one of the questions that came in from Nicholas so Nicholas was also wanted to take a look at the IWM So the B point out here is a trading session of February 2nd. You can see the volume there It's 42 million 777 that's that yellow horizontal line at the bottom of my screen so far We're at 16 million shares odds favor This is going to be passing the B point and that's assuming that it closes above 2 or 390 and you're a 205 75 With lighter volume now what that could be setting up is the possibility of a tiger Gartley that was coined by Tom and so even if you pass a B point with lighter volume That doesn't mean that you will not come to that that that the IA to B equal CD pattern will not come to fruition It just has we like to believe that it has more conviction If it is passed with volume much like the SMH that I mentioned that during the 1 o'clock update We'll go take a look at that chart as well. So here you've got a the first price target is 21073 so the price target is the 1 to 1 a to B equal CD That doesn't mean that that's where you sell away that doesn't mean that's where price is going to stop The way we know in an a to b equal CD pattern completes as you get the cavalry that comes in and what I mean by that is you will see Some type of various reversal candle. So our price targets right now are 21073 2503 220 50 out there that would be the range of targets for the IWM I noticed that the Dow Diamonds looks like they are trading above the top of their profile They are so 356 66 is the high from that February 2nd date that had volume of 8.9 million 8856 you're at 2.7. So this is light in the loafers as well Now this is interesting. So the a to b equal CD would take it to a new all-time high Just the 1 to 1 level would take it a 373 now Regardless of whether this is going to pass us with volume or not because retracement here was only 35 percent That says there's a lot of energy wound up and it should be able to make a move the Dow Diamonds That is up into the 380 level but in other words more than a 1 to 1 a to b equal CD But look we want to take things one step at a time and right now take a look watch today's close It closed about 356 66 would confirm an a to b equal CD Not necessarily with volume but still an a to b equal CD pattern that might be upholding now in the case of the spies out here So you're going to see no volume the spies are taking on that same swing point. They have not been able to Move above it yet 450 a 12 the volume there 117 million shares and today you're at 42 so it's moving into that swing point with lighter volume out there What does that mean? Well, until they see able to close them up for a 50 a 12 That is basically your resistance level and in the cues out here the cues are trading inside the swing point from February 2nd That had volume of 78 million. You're only 32 million shares today So you've you've got a to b equal CD patterns for the Dow right now and the IWM Neither that have volume whereas and this is another question here for Nicholas who is I Apologize haven't read his full question I'm just seeing that he's writing in and asking about the IWM and the SMH is so here in the SMH is You've already taken out that swing point with volume. I don't know why I did that there But that's okay. I'll get rid of that. So the b-point on this as a trading session of February 2nd as well 5.9 million shares on that trading day. You're up above right now with 7.4 million shares So the SMH is Nicholas So have a resistance level to deal with the sellers reside at 287 33 and price right now is at 285 Then change out here. So if price can close above doesn't have to be today But if price can close above where their sellers reside at the 287 33 level then this is suggesting a move up to 301 310 322 but you do at this stage of the game. You do have a confirmed a to b equal CD Depside what happens if price closes below 284 04 But has the volume that we see today Then what that would mean Nicholas is you should see another run for that 284 04 area So watch the summaries the SMH is out here for an indication as to what the markets are Likely going to do the a to b equal CD patterns as you and I've taken a look at for the index ETFs Just don't have the volume but in a couple instances They have price and that too is important now if we go take a look at the equity future contracts out here The only one that's holding resistance at this stage here is the NQ So in the case of the NQ price is already above the top of its bearish structured profile But it's running into that descending trend line. So let's just say today's high is about 14994 In pricing close above 14994 that's going to suggest at least to run back to that February 2nd I remember that February 2nd high would be the level that if price were to close above would give you the a to b equal CD pattern much like the Russell 2000 is right now the futures contract 2058 40 is the b-point we're trading at 2069 This gives you a one-to-one price projection of 21 22 in the case of the Dow like in the Dow diamonds a close above 35590 in your 355 77 right now But a close above that b-point could be indicating to you and I move up to the 37 to 27 area in the case of the ES mini I don't have an a to b equal CD pattern drawn in here But as we discussed here up much like the spies out here The next level of resistance is going to be at 4625 and the price close above that Then you've got an a to b equal CD to the upside Steve Rhodes with TFNN Folks would love to hear from you eight seven seven nine two seven six six four eight Steve at TFNN comm 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 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 All now toll-free at 1-877-927-6648 internationally at 727-873-7618 Folks, let's uh, let's see. Do you guys see my screen out here? And we were trying to fix something during the show and now I don't know now that didn't work Shoot. Oh, man. Don't tell me What did we just do there? That's a bummer Stevie. Let me try it Okay, let me see this here. Sorry folks. We were trying to correct something and maybe we've made it work You see me. Yeah, I get that Tucker and but that's not gonna do anybody a whole lot of good out here Let me try this once more I don't know if that's gonna catch it or not or maybe you're just seeing one chart I'm not sure out here, but any but I'm gonna just keep motoring on it Try to answer the questions at the only half the screen Yeah, it's probably not even half the screen so Hmm Guess there's another thing we just see your face and camera. Yeah, so I'm not sure how you guys got to see the Now yeah, I know back to me because I stopped something I'm not sure how I got that connection to work to begin with let me try not apologize folks I know that's much more all visual learners here And so, you know the beauty of doing this is being able to see my screen And so I hate to do this during a live show, but really I think it's sort of needy to see if we can somehow Get this figured out so I'm gonna try to open up this notepad here You guys in the production room see if I can connect this the old way You know, I don't know that it will work, but it's certainly worth the shot. So now folks I don't know. Let me know in the tiger stand That's weird It's really weird Okay, maybe this worked you guys see my screen by any chance now should be the three screen should be the three background Screens turned it off and then back on to he No, don't see anything. Well, okay. Well bummer bummer there I shouldn't have tried to fix it, but let's just let's just continue going on here So john writes in and john from wisconsin goal Gold night's out. Oh, perfect. Okay. So john into wisconsin once they could get peloton pto in so peloton First things first Does this have a bottoming pattern out here and the answer is yes Yesterday in fact that bottoming pattern came in on january 28th So john if you take a look at your charts that january 28th low that bullish engulfing candle Was the confirmation of erodesment of indicator signal and now what took place yesterday Was a big wide-ranging barn accelerated volume and price was able to close above the top of that profile 3682 3662 then you're above it right now So what that suggests is that price the next battle for peloton would be the bottom of its weekly profile 42 71 now price has been below the bottom of its weekly profile If this is just a countertrend move in peloton pto n that is folks Then where price will find resistance is either 42 71, but more likely 49 01 So I believe that you're long this stay long I don't see reasons to not stay long And what you're looking for your battlegrounds are going to be between 42 71 and 49 11 if pricing clear 49 01 On a weekly basis then you're looking at a move up to the 61 60 level So that's what the charts repelled and above 61 60 you're looking at 91 46 We're not there to make that call just yet now as I look at the weekly time frame chart For potential bottom signals It also has it now this has a bottoming pattern. It's a by the d-point Now that by the d-point pattern is being confirmed this week. It's only wednesday And so if and it's right now, this is what's referred to as a bull separating candle So it's a very bullish candle But it's really going to be dependent upon what this candle looks like at the close on friday Not necessarily wednesday at 122 in the afternoon, but nonetheless you go with what you have So you've got the bullish signal on the daily You've got the bullish signal on the weekly and I really suggest that 42 71 to 49 01 level on a monthly time frame chart for peloton What price was able to do is pull back to its breakout level So on in peloton's case this generated a td-9 count the month of december 2020 It actually the bar following bar that was bar number nine the ball far following number nine the 21st of january 2021 peaked above it or Price got above that high which is still valid. So it's got a valid td-9 count You also have on a monthly basis an a to b equal cd to the downside now It's only the ninth But right now you've got a bull sash candle and that's a confirming a by the d-point for the monthly time frame chart Which took price which had taken price back to 25 85 That was the breakout level. So I like your trade here, john It makes sense daily weekly monthly now We need to know is if there's strength enough for this instrument to close above that 49 01 level That's what you really want to pay attention to so sorry that you can't see the charts out here But I've tried to articulate as close as I can for each of those time frames what it's doing And hopefully that will help you out. We had another question that came in here from nick nick c And nick says you've been short the hyg So I've got to pull up the hyg charts here first folks. Just take a look at that. By the way, that is a high yield A bond fund out here and right now trading out at 84 bucks. So Let me read the question. I've been short hyg since september Considering taking profits and placing a position in tlt on the long side. Okay, perfect So I I agree with I agree with the well, but let's first see what the charts are telling us But what you're just saying here makes sense or potentially makes sense. So With regard to hyg There's a brand new profile that formed today And that profile formed in essence as the market opened and that was below price So the level you've been in this since september. So you've got a nice, um Well, let me pull this back here. I it's been a nice move. Yeah, oh, it's been a very nice move being short here since september So the level that this would need to really close above To suggest that this is ready to make a move higher It's going to be 84 25 and 84 25 Is the center nick of its bullish structured? daily profile The bottom is 84 08 it's tested and rejected that so far traded 84 bucks So you're not really getting the message here to go ahead and sell that position I'm not trying to talk you out of it. I'm letting you know what the charts are communicating to you So that's the first thing with regard to hyg now I am going to look at my white background charts because oftentimes they provide me with additional information. Okay, they they so on hyg Today's gap to the upside actually would confirm a rogment to indicator bottom pattern. Okay, great, but in order to For this to get legs to the upside prices start taking out resistance Well, we took a look at the bottom of the daily profile What this is also doing is trading right into its oscillator and change line the oscillator and change line here is an 84 10 If price were to close above that and certainly 84 25 then that's really the signal of a move up to 84 96, but This has not closed above a Red oscillator and change line. Well, it did it one day did it on the january 12th The very next day was back below that level out here. So I see what you're saying for sure if you want to close out the trade by all means close out the trade but the Market the buyers here have not yet completely confirmed that this is anything more than just a counter trend move That's in the case of hyg Now you would mention the tlt I'm not going to show you the tlt well one because you can't see it But more importantly because what we really want to do is take a look at what's going on inside the 30 year treasury out here Now the tlt is made up It's the 20 year plus bonds out there and the best way to really take a look at It is what's going on in the underlying instrument. So that means we take a look at the 30 year treasury Now in the case of the 30 year treasury right now as we speak There's a roadmap to indicator signal. That means the market is stretched and right now You have a bullish engulfing candle and if the 30 year treasury can close above its oscillator and change line Then that would make a signal that price should move up to the 155 156 level out there So, um I would say a price close above the high of the day taking that long position in tlt makes sense D roads with tfnn will be right back Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com 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 the 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 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 tiger's 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 trader's 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 abc's 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 going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 we do have the charts my charts on tiger tv So if you are in the tiger's den and you would like to see the charts That's going to be the way for you to be able to get them Oh, it says den chart's working right now. Okay. Perfect. Okay, they've but they've gotten something figured out So we were talking about the 30 year treasury here now You can see the rogment dominicator signal as far as and also wave number seven That's letter g at the bottom as long as yesterday's low holds and you'll have that as a confirming signal But what price really needs to do is close above that red oscillator and changeline And if it can do that then we're looking to move up into the center of its profile where there's other Resistance out here. So that's why we're looking at now the interday charts So when an instrument is making a bottom on a daily time frame What we will typically see is bottoming signals on the interday charts Well, if you look at the 30 minute chart it had a td9 count roads meant to dominicator bottom rmi bottom on the 60 minute chart roads meant to dominicator bottom on the 120 td9 count on the 240 I buy the d-point on the five hour time frame chart But we can see here is that price is also running to some resistance level So 153 26 153 20. I'm looking at the 300 the 240 minute chart out here Um, is that if price able to close above that likely we've got a at least a Countertrend rally going on inside the 30 year treasury now. I will go back here momentarily And I'll put up the hyg chart out there. So give me a moment to get this here worked out And that's not the oh yeah, so that's hyg charts and you can see the new profile in the lower left I was actually going to pull over my white background chart So if you give me a moment to do that and here on hyg What you can see Is see how price has made it up again to the bottom of that new profile as well as that oscillator and change line That's really the level that you would like to see price close above To then suggest that okay now is the time to close out that short Perfect. So we've gotten taken we've taken care of that now. Let's get to the next questions that have come in Nick we've already taken care of the IWM And the SMH is out there You've got two questions for that Vic writes in And says he wants to based on its name inflation responsive fund This should be a good option to 401k these days and you're in it. However, you don't see performing well So let me get first get this up on our screen here. What is the symbol? You didn't put that in here. So that's a slight problem um Okay, so what is the anybody know what that ticker symbol is by any chance? This is the inflation responsive fund is that uh INST I think maybe INST. Let's see if this is an INST And uh, yeah, so that's it not in structure holdings hmm inflation responsive multi asset You know, I don't know if that is the symbol that you're looking for so Yeah, I'm not sure that that's it if you well, what's this at the bottom? Let me see if I can expand this out white label fund um Sorry folks, maybe it's here In and I'm doing the show you've got to just be a little bit clearer for me So I don't know maybe just write back to me if you would with regard to the symbol Nobody in the den is uh is uh is is helping me out there But uh your question is not responding well and it's named, you know, it's got a cute name That you know, so it's just a marketing thing. Um, you know, that's like That is like, uh, yeah, so it's got a cute marketing name like I don't know, uh Like uh operation warp speed Hey, maybe it's warp thinking and it wasn't warp speed out there So just because it's got a name, that's just a cute marketing p. R. P. I. R. M. X. Okay. Let's try that one p i r m x This is the PIMCO funds, uh I'm not sure if that's it either So, uh, let me wait to hear back from Vic to see exactly what he wants But uh, thanks. I you know, I see that as another possible fund out there But maybe there's several of these but we do have another question has come in Uh, we do have another question has come in and I don't recall if there was anything inside the tiger's den But uh, it's been a little so and this is from hector and patty and hector wants to take a look at the gdx Versus the xlf for midterm holding boy. So if we take a look at the gdx out here So what the xlf has is my recollection is it's got a td9 count top We'll go take a look at that the gdx does not have a Td9 count top, but you know, neither of them there are anything worth investing in as we speak as well I hold on a minute here steve If we take a look at the daily time frame chart for the gdx as a confirmed a to b equals cd to the upside the first price projection is at 32 11 And 3209 hector is the top of its daily profile. So what you and I don't know is that going to Set up a gertley sell pattern A bullish or a bearish reversal candidate would say that But you're up towards resistance and I can't ask you to buy resistance even on the weekly chart And you're looking at for an intermediate term holding standpoint Take a look at all these descending trend lines out here, let alone you've got resistance at 3305 Which was tested back the week that began January 17. So, you know, that's a significant resistance level So just simply before I even go to any other charts out here, and I'm not going to at this stage You can see the resistance and prices up near Prices up well prices up near a resistance level. So not really the ideal time to enter a long trade You also asked about the xlf So in the case of the xlp you're asking which one is better Well to suggest that you take a long position the xlf today would be against every tool that I share with you So the xlf topped with a td9 count top that was on the trading day of january 13 Looks like price has gotten into that swing point. So we'll go take a look at that It's rejected it So if it's on lighter volume and you've got a td9 count top and the oscillator and change line here changing colors recently Again, this is on the daily time frame This is going to suggest that price not oscillator and change line are going to test each other Now that's in about the 39 94 level It won't be exactly that number But that gives you the gauge or the range of where price is headed to so on a daily time frame You know buying the xlf now unless you knew it was going to break out and the td9 count was going to completely fail You know that maybe you're in to something but at this stage, that's not what the signal is um So I would say with regard to you know, if you're going to ask me to which one is better Neither because it can't have you buying a resistance out there, but uh, so I do hope that helps you out hector and If not my apology Uh, so I don't believe that there is anything in the tiger's den I'll take that back jazz. So the jazzy one out here j azz Which is a j azz is a jazz pharmaceuticals is part of the pot sector out there So they must have something to do with that and the jazz pharmaceuticals has got a nice move today Wide wide ranging bar kind of light in the loafers with regard to volume satish. It's got 185 000 chairs Well, what price is doing is stopping right where one group of sellers exist and that's at the center of the profile There's both buyers and sellers at that center level at 145.09. We're trading at 145.09 So a price can close above this level could make a move to the top of that profile and that would be 149.61 If price can move above that then the last battleground from a profile standpoint is going to be 152.32 out there Let me get jazz going on at least the daily time frame chart on my white background screens out here And see what that looks like So we'll pull this over as we go into the breakout here. You're trading. Ah, there you go So jazzy one has really got a clear 145.88 145.88 is a TD nine count breakdown level they can do that Then you're looking at 149.61 and maybe higher prices We've got a request in the tiger's den to take a look at rivian Our IVN is a ticker symbol. We'll do that as soon as we get back to this break Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water 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 727-329-83222 Or email us at tiger at tfnn.com that's 727-329-83222 call us today The technology around us is changing every day with so much happening that 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 dollars 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 it 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.com 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 eight six six four seven six seven five two three 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 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 tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv Back up folks up on my screen. We've got rivian autopilot out here and really it's only the daily time frame Weekly could generate some signals for us But it's mostly the daily time frame out. Well, I take that back All right, so let's look at it this way First you've got a confirmed beta b equal cd to the downside that gives you a price projection of 43 93 The actual low so far came in on january 20 and that's at the 50 dollar even steven mark Um, so has the a to b equal cd pattern completed? No Not really does it have to complete? Maybe maybe not. Let's go take a look at the web background chart So what here's what we can say here's what we do know There's not been to close above the top of a daily profile out here in the top of that profile is at 7105 So I don't recall who requested sateed 9 or call who requested to take a look at derivian flipped in So flip you need to see a close above 7105. That's where the countertrend rally if this is only a countertrend rally would stop On the white background charts to suggest that you should have that countertrend rally if we're looking at the daily time frame You do have a roadsman dominicator signal out here Um, but the first time that signal produced and move up to the top of that daily profile So at 7105 area is really going to be key to you if I look at the weekly time frame chart And this is why I say hey, you know what? Maybe this does have some potentials because you are going to get a confirmed td9 count bottom out here So but there's not enough data and you still really need to rely upon the daily time frame So it would be a close above 7105 Well lost sound lost everything I think hello. Hello earth earth to stevie Earth to stevie What do we have here? Okay back great. So in the case of rivian just I don't know if anybody heard this This does have a td9 count bottom pattern For the weekly time frame. So you've got a confirmed bottom on the daily confirmed bottom on the weekly now to prove itself to you Rivian will need to close above 7105 if it does that then you've got something there flip So I hope that helps you out. Thanks much for writing in David in tom ball texas wants to take a look at ticker symbol MOS that is mosaic out here So let's go see what it is doing And mosaic trading out so it's got an I've got a couple a to b equal cd patterns It looks like that are out here although a couple of them are wrong now because prices change Let's go ahead and type in that a to b equal cd the a pattern out here is the low from december 1st The b point is going to be the high out here from January 18th and the c point down at the january 24th level the b point had volume of five million shares And it was passed with 7 million shares So the one to one complete a one one price target for a mosaic on an a to b equal cd level We'll get you to 475 55 A 0.618 retracement strong move because prices along the left side of that c to d leg So what this suggests to us is this will do more than a one to one a to b equal cd upside 50 40 would be the 1.272 level That's really sort of confirmed here about the move higher because prices above the top of the weekly price above the top of the monthly profile So let's go take a look at the white background chart See if there's any other pieces of information to put this together you're in bar number seven out of td nine count This says you could get a top that forms between tomorrow and monday out there Could but to let that pattern unfold. Otherwise everything here looks good on the daily chart The weekly chart says a not-so-fast tv And david is preparing to form a td nine count top now that tie Is either going to be this week Or it could be a higher high next week So this does say you could see some type of short term time frame chart out there I would say it's likely going to be this is bar number seven today tomorrow's bar number eight It could be this week too Uh, so watch for the td nine count top now What that should do if you get that out here david is pull back to its oscillator and change line Or the top of its daily profile. So it's in the 4308 to let's say 44 level out there your question is in Interested in trading range boundaries and OUL in the daily and weekly chart. So 43 67 on the daily and 4207 On the weekly and mosaic on the monthly chart Was really running into a resistance level established by its breakdown. It's td nine breakdown Well, that's at 47 68 out there, but the monthly looks pretty strong So let the daily and weekly do their things. Uh, the weekly has given us a signal I keep my eyes on the daily uh for that potential top and it'll pull back to that oscillator and change line Or the top of that daily profile. So david h. I hope that that helps you out Tyrone has written in he's got a symbol here a g ad A j ad x is a possible inflation adjusted fund But my my system is not pointing that up for some reason. So thank you for your efforts tyrone and Um, again, I'm not sure if that's the symbol that uh, that was being requested But uh, we'll we'll get a response back and we'll take a look at that tomorrow So what do we do? We've been through all the questions I believe I've been through every question inside the tiger stand if I have not please type it back in And uh, we'll get to it. So in the meantime, what do we want to do? You know, now we've got these charts up here lcid on youtube, okay, so lcid Is a this is for eric v and so let me get this going on my lcid lcid Which is a lucid group. Okay, so lucid group right now is trading below It's a weekly profile. So not necessarily great But you can't see it's trading into an area where it broken out from which was the week that began on october 25th And the volume there was 745 million shares. You're pulling back with much lighter volume 57 million shares through wednesday at 148 the daily time frame chart So it's price to consolidate and inside it's a daily profile c and a to b equal cd to the downside Let's go see if lucid gives us any kind of bullish bottoming patterns out here And you do have a td9 count bottom that formed on the trading day of january 28th As long as that low is not taken out, uh, which means a close below it You've got that valid bottom. What price is dealing with here is that red oscillator and changeline The oscillator and changeline for lucid is up at the 28 61 level That is a price that you need to see price close above now if it does that you still have another battle The battle's at 30 83 and if price can take that out, then you've got to move up to 42 95 That's the message of the daily chart the weekly chart out here doesn't help us out No bottoming signal no bottoming pattern out here So you're really going to have to rely upon the strength of the daily the weekly doesn't give us anything out here So right now in the case of lucid valid bottom price has improved itself and really to prove itself You need to close above 30 dollars and 83 cents out there. So I hope that that helps you out to ever Or whoever had requested that uh Yep, we've got a request to take a look at uh, sabah S a v a so let's go do that And then you've got pr q r So in the case of sabah what you like here is price is above the top of its daily profile That's basically been above it for the last four trading days So it looks like a real breakout here breakout to where well it turns out that it's in a bullish structured weekly profile But you can see a descending trend line and that descending trend line is really where price needs to close above today That'd be about the 52 30 ish type area out there But if price can take out that descending trend line, then you're looking for a move up to about the 64 97 level out there Let me do this here. S a v a Let me just get it going on. Whoops on the daily time frame chart on my white background This should populate pretty quickly. We'll go ahead and pull this over And see what else it's dealing with. Okay, so I'm glad that we did this So here's what we know Is that 49 95 so it wasn't really the top of the daily profile? That's the uh issue here for sabah. It's the td9 breakdown level So this formed a td9 count bottom it formed wave number seven bottom And now what price is dealing with is it's td9 breakdown level 49 95 if sabah Can close above this area then it's got its mojo and that mojo says you can see a move all the way to the 77 37 level. So that's what's going on as we take a look at cassava sciences ticker symbol there s a b a We'll be right 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 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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We're looking at ticker symbol prqr, which we can see form wave number seven That's letter g that did that on january 24th It also generated rogementum indicator bottom on january 28th And what this has done is this has taken price right up to resistance resistance is 587 where it's trading right now That's the top of its daily profile I did close above it on the 7th, but then yesterday back below it and right now it's trading on it So you really need two consecutive closes above this level to suggest that price wants to move higher Now it's ultimate goal and target is eight dollars and 47 cents. That's a td9 breakdown level That's a daily message the weekly chart says hey hold your horses stevo All i really want to do is make a move up to the 665 level And that is where its oscillator and change line changed colors last week So that's really going to be the next test in the potential resistance level for prqr The monthly time frame chart doesn't really help us out So nothing really to add there. So that's what's going on there We've got about a minute left before we go to break sorry for the Technical difficulties that we've had here, but we seem to have managed through them Let's just take a look at this nine panel chart out here See if there's anything of significance see the significance is That the spot bottleneck is below its 50 day exponential moving average That's a panel number two in the center there That says that the es many really should make a run for the top of its daily profile 46 25 May be higher than that the nq trading right in resistance to descending trend line I don't expect it will hold because the es the ym the russell 2000 descending trend line did not hold there either Doesn't mean that it can't but boyod's favor that it's not likely gold looks like it's going to go target 1850 Silver looks like it's going to go target 2392 Natural gas wants to head lowered Could head lower all the way down to 359 the bottom of its weekly profile the 30 year treasuries attempting to form a A Arroachment to mindicator bottom out here and even though you've got a nice td9 count top in the case of light speed crude It needs to close below 8702 to even suggest a short term change in trend Well folks, thanks so much for staying here staying tuned in you've got david white up next with the power trading hour Tom O'Brien, he'll take us on home. I'll be back with you on terrific thursday So have a wonderful wednesday folks. We'll see you again soon