 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 February 16th the wonderful Wednesday edition of today's Traders Ed show. I'm your host DB 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 and the easiest way to do that is to always remember that life is happening for us Not to us That's right. We need I make that one little two-by-four shift Well means we can find the 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 do want you know, I'm absolutely grateful for your presence here The 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 at 877-927-664 if can't dial and we've got you covered there, too You can always let those fingers do the walking that means go ahead and send me an email Send it to Steve at tfnn.com and inside the subject dating Please put radio show question Of course 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 less show We got all the usnc's trading to the downside now is off 271 points about eight tenths percent S&P Seven tenths 32 points Nasdaq one hundred one to three tenths or 196 points Russell seven tenths 14 points nearly 2% for the Summizer down 67 Treadies off half percent or 77 points gold is trading out at 1869 40 up about 15 bucks over 23 57 as a print that's 23 pennies to the upside lights recruit 94 17 she's trading up two and a quarter percent natural gas up 28 cents trading out at 458 in a 30-year treasury of four ticks She's trading at 150 28 leading to charge dollar was the upside booking holdings 39 bucks one and a half percent Holdings 31 percent 33 buck moved to the upside Generac holdings 33 bucks 12 percent To the downside its Shopify 160 bucks 18 percent move my CMO corp down 36 percent or 83 bucks Mercado Libre off 6 percent or 69 wicks down 32 28 percent out there roblox off 26 percent or 19 buck gruny So there's definitely some movers and shakers in the markets Let's do this here because I've totally botched up the one o'clock update Started the one o'clock update sort of forgot where I was was wanting to in my head I'm thinking here wait a minute. I left out whole part of the My opening for the normal traders Ed show so I was trying to figure out my mind how to get back there And I realized when I looked at the clock actually I was just doing the one o'clock update So really screwed that up But the nice thing about the or I think one of the nice things about that one o'clock up into the two o'clock update Depending on when we take a look at this nine panel chart is in us and isn't a quick synopsis We can take a look at what the markets are doing generally and then you and I can get under the covers and take a look at It so here if we look at the ES meeting the upper left-hand side You'll see a purple horizontal line of 44 2750 that is the high from a November 24th that Hammer candle out there as long as price remains above that then that says the yes many should move higher higher to where well I'd say the prior highs out there which are in about the 45 70 level now With the spot ball of tunics being above its 50 day expense moving average moving up to that level is not going to be That easy it's going to need the spot ball tunics to really target his 50-day expense moving average in the 2295 level the NQ forming a new profile attempting to form a new profile It's a very narrow range profile, but you've got new support You know where the buyers are at buyers are lined up at 14342 below of the day so far 14381 the sellers they're really between where we're trading about right now It's a slightly bearish structure by really the sellers are lined up at 148 60 some at 14653 But really the 148 60 love now look this profile doesn't get confirmed until six o'clock this evening But right now we go with what we've had what we have I've tried to It's pretty solid because I've been changed I've been refreshing the screen About every hour and it still is sticking nonetheless It's not till six o'clock that we get that profile confirmation US dollar index looks like it's really it's got a teeny Nine-cow top just consolidated with inside its daily profile likely targeting the bottom of that at 95 60 Goldilocks is also attempting to form a new profile again Here we won't have that confirmation until this evening, but that new profile is forming below price That is a bullish message for Goldilocks now gold is taken on its swing point from back in November I think it's November. Let me just make sure here It was yeah, November 16 and so that swing point Ranges from 1869 20 at the bottom 1884 40 at the top likely price is going to go test that 1884 40 level maybe even take that out in the case of silver silver's got the resistance at the top of its daily profile That's a 2482 lights we crude which Has got a confirmed roadsman to indicator signal that was yesterday's candle session the problem here is it's really a neutral signal You've got a top but prices above the top of that profile That's where the sellers were supposed to reside they did reside there now those sellers appear to be support And that's at 91 12 so neutral to bullish is where I would call lights we crude natural gas has found its footing It found its legs. It's now getting back inside its daily profile Which would have been a normal or natural area of resistance That's at 455 with price above that we're taking a look at the March contract right now Price should go target the 484 level in the 30-year Treasury couple days ago Generated a roadsman to indicator bottom yesterday was a TD 9 count bottom out here So the 30-year Treasury is doing everything it can to try to form a bottom Price is trading at the bottom of its bullish structured weekly profile. That's the 150 26 level if you see a close below that on Friday Well, then we know that those sellers run able to hold that position along with those two bottoms And likely the 30-year Treasury continues to head lowered So my apology for those looking for that update during the one o'clock where Stevie just had a total brain fart it happens And it was a stinker to to be quite honest out there, but we've gotten that taking care So now let's go. So now what do we want to go take a look at out here? I tell you what we're gonna do since we did that Let's go to the first question that came in from Brent in Martinez, California And Brent is looking at Walmart ticker symbol here is WMT So Brent's question reads like this one of Wednesday Steve back at you my friend. I would appreciate you now son Walmart, I don't have a position, but I'm considering buying call options Ernie's out tomorrow Looks to be multiple a to b equal CD patterns on the daily chart. You got that, right? Also, you've got this is bar nine on the daily anything you can have be appreciated ever great day Thank you so much. Thank you to you Brent for writing in so Brent's talking about Multiple a to b equal CD patterns on the daily time frame All you have to do is open up the chart and see them out here the one that I believe he's Can't be completely sure which one he's taken talking about out here But in the a to b equal CD folklore out here what this needs and I'll just draw in the pattern I'll draw in one of the patterns the a point out here. I'm using is the high from November 5th. The b points gonna be the low from December 2nd it looks like that c point. Yeah c points got to be the high from January 14 So that one to one if that's when you were talking about Brent That's got further to go to complete that would take us to the 129 87 level out there So that would be the a to b equal CD. So let's not focus so much on that and instead Let's go take a look the white background charts and see you mentioned a TD nine count So let's go take a look at it or at least my white background charts and let's go see what count we've got here So here we go. We've got that populated on the screen. Yes today is going to become bar number 90 You've also got that nice roads meant to mitigate her signal The problem is you're trying to make a play right now without having to confirm bottom Steve Rhodes with TFN and we come back We need to do for Brent is go look at those short-term time frame charts like the 10 and 30 minute See if there's any kind of bottom signal there. We'll be right back Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his Techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering Probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors What's separating you from the most successful men and women on wall street? That's right information Having all the information gives us the perspective we need to place the right trades at the right time The test profile scanner is the premier market profile based scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2500 plus global financial markets such as stocks etf's 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 task 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 Welcome back folks We're taking a Walmart out with earnings after the bell tonight for Brent in Martinez, California Before I go back to the white background charts out here. I just want to be able to share with Brent the following things number one on a daily basis Price is trading below this looks like day number three below the bottom of its bullish structured daily profile So we know that that's bearish as you've got the td9 count pattern that we took a look at On a weekly basis or i'm sorry on a weekly basis There's a consolidation that is trying to be busted through now it doesn't appear to have the volume But it still can close below the bottom is consolidation if it does that would generate a measured move a consolidation measured move I would think what you would need to see from a weekly standpoint Is a close below 132 75 and brit where i'm going with that the 132 75 level Is the high of the swing point from march of 2021 now the volume there was 60 about 62 million shares We're halfway through the month. We're at 21 million shares. So we've got lighter volume But the month is not over that obviously could pick up But so price that's the only support level that I can see that 132 75 area The monthly profile shows that price is trading below it. It's at least testing it We don't it's going to close below it or not But but right now you've got price below where the buyers are out under daily weekly and monthly charts And that would be signaling to me that maybe what the no matter what walmart is going to you know, the most fundamental thing about About a analysis of a company the most fundamental That's the one make sure I key down the most fundamental thing is what buyers and sellers are doing And that's really what we take a look at we take a look at the stock charts and the patterns Understanding where buyers and sellers reside out there and that gives us what we believe is at least a competitive edge out there So at this stage here, it looks like what's being signaled to you and I is that walmart no matter what they come out with Looks like sellers want to continue to try to push this lower But what could get in the way of that would be the td9 count bottom today's going to be bar number nine We know that on a td9 count It's got to be the low of bars eight which was yesterday that was not the low because it was bar seven We're below that bar at this stage here So it's a td9 count bottom quarter should form between today and tomorrow Now because you've got a rosement of indicator signal out here What you'd like to see is some type of bullish reversal candle that being said on a daily basis We're below that bullish structure profile a counter trend move would stall out at 137 26 That's where price would have to close above in order to say that it's in its bullish way So if you are placing A option bet out here 137 26 would really be the top range at least at this stage That I would be looking at if we look at the weekly time frame chart out here for walmart We're only in bar number four. We're below that profile. We're not near a breakout level We are trading into that 2021 swing point that we took a look at so nothing else there The monthly chart suggests that you could easily get walmart to move down to the 111 area Now what I didn't do is on that consolidation measured move that takes us into about the 116 area So that's really lining up with what we look at as the breakdown or the breakout area on walmart for a monthly time frame now Because we've got that td9 count bottom on our potential td9 count bottom in the daily If we're going to see a bottom we want to see what the intraday charts are showing us Well, when I look to the 10 minute time frame chart out here, yes, I've got wave number seven That's letter g. That's courtesy of basal chappan out there just an element only one small element of the chappan wave Out here. So you've got that bottom signal but price is still below even 10 minute profiles out there So that's not looking good the 30 minute chart. What the heck happened there? Let me Reload all this historical data. Obviously, we've got some kind of bad tick Let's see if I can get rid of it here. There we go on the 30 minute chart So on the 30 minute chart you actually do have a bottom signal that came in at 12 30 When a gender or one o'clock going to gentle 12 30 when you got that bowl or bull sash candle So road's meant to indicator signal but still price is below that oscillator and change line brent It is not looking good for walmart when I take a look at the charts out here So I've given you the best that I've got You know if you're going to take that trade You're taking you're taking it based upon not the a to b equal cd pattern But only the td9 count and I wish that you could see some type of more positive result on the intraday charts To give you a little bit of the edge out there So thanks for writing in and I do hope that that helps and best of luck to you on that trade should you pursue it Our next question coming in from tim and tim m wants to know good afternoon steam Could you please take a look at excelus on the daily and weekly time frame? Absolutely. So that ticker symbol folks is acls and Says also you touched last week on your long haul COVID therapy what medri story to taste but I will send you a personal email on that one So that's how we'll deal with that tim. Okay, so let's take a look at excelus Right now it is trading above the top of its daily profile and likely going to go target a little recent trend line that trend line tim You can write in that's from the high Of the trading day of january 4th and then use the next high which is the high of february 10th out there So that looks like the price target to the upside price is also running into resistance. That's the top of its weekly profile So you've got two levels of resistance. This is dealing with 72 21 is the top of the weekly profile You're above the monthly. So what is this saying out here right now? Well, it says, you know, let's go look at steve's white charts and try to add a little bit of color to it If we can here, we've got the daily time frame. What do we see? We see price above a green oscillator and change line above the top of its daily profile So it should go target the high From that february 10th. That's what we use as a descending trend line number So 75 would be the number there, but you've got that trend line to put in On a week I don't have that on the white background charts on a weekly time frame nothing else for us to really Share with you here on a 30 minute time frame chart 73 12 is a resistance level the price can close above that would be on a 30 minute basis Short-term bullish. So with regard to acls You're looking for a long entry When there is one so a long entry on this Well, I think you got to let it do its thing see if it continues to head higher I would say right now the entry point would be around 61 42 That's the bottom of its bullish structure the weekly profile But that's not likely to be the case out here. So I think Tim Continue to watch this and then right back in we'll take a look at this as price moves lower Now if you're just trying to play some type of Momentum move then your entry area would be about 67 love That's the green oscillator and change line on some type of pullback It's really if you see that you'd like to see some type of bottoming pattern on a 30 minute basis Right now that bottoming pattern would take us in at about the 65 55 level, but that's just a benchmark That's not what I'm saying is going to unfold. So that that's how I would do it So I hope that helps you out and I will write back to you with regard to the protocol that I'm using to deal with Well, long haul covert or or any folks dealing with With any side effects from any of the other vaccines or anything taken out there So it's for everybody that is in the listening audience. Let's go to our next question is coming in from Joe Joe says, can you please take a look at nvidia? Absolutely for short term long position ahead of their earnings after the closing day Okay, let's go take a look at nvidia and see if this provides us with any kind of signals and so right now Nvidia and you're looking for a short term entry. Well, it's right now trading right up into resistance That resistance is it's descending trend lines. Let me pull this back just a tad. We're looking at the daily time frame So price is up at resistance the top of its daily profile The top of the daily profile level out here is through 259 35 and we're trading at 258 30 You can see how price held the rising trend line on the weekly basis trying to get back inside its profile But remember so this has been below the bottom of its weekly profile. Well, really just for one week So I can't really say what I was going to say Tell you what we're going to do Joe Um We're going to uh, I'm going to get this loaded on my other charts. We'll look at some short term Patterns out here and we'll see if we can come up with anything for you See roads with tfnn 8779276648 would love to hear from you. Send me an email steve at tfnn.com 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 these sharp 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. 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We're looking at nvidia and uh for joe and joe's looking for kind of a uh a long play It sounds like in nvidia ahead of their earnings So, you know the again the very first thing here joe and really taking a consideration this descending trend line It's it's it's pretty solid out there and prices trade right up into it So the signal here is maybe what this wants to do is pull back And so maybe what you're better off doing is seeing if this pulls back into support And support would be the bottom Uh, or would be that that rising trend line on a daily basis and the center of its bull structure profile in the 227 81 level out there So that might be the better trade If we look at the short term indicators, the only thing I can come up with is really a 10 minute time frame out here And then a 10 minute time frame You've got price that is pulled back at a rosement indicator top the price is pulled back to its support level of 255 33 Price found support at 256 42 the bottom of that profile that was present at that time It's still present out there. So maybe that's your entry point But pretty risky knowing that the daily is up against that now not that it can't take out those descending trend lines It's just not the ideal trade, uh joe, but I provided you with the information I've got and uh best of luck to you in that trade. We've got a caller on the line It's john in philly. Hey john. Thanks for calling. Thanks for holding. How are you doing today? Steve roll, I'm doing very well. Thanks for taking the call and um Steve I'm calling to ask a very specific question on the crude oil futures market But uh before kicking off with that, thank you for your help Monday On natural gas Specifically I was doing some work and had taken a long position in the june contract Uh a contract that's for delivery. Um, you know into early summer Wanted to focus upon natural gas prices and its factors after we get past the Winter heating season, which of course is winding down So thanks on that that trade is working nice rally there Yes, and so your resistance level just just to go back to john just for a second Just just because you brought it up and just want to make sure I give you that information That's a june contract that john is trading. That's what's up on the screen here Now in this june contract what we can see is that price was below its bullish structure daily profile That began on the trading day of february 7th and prices got its way back into that profile right now So if this is only a counter trend move john, then price will find resistance of four dollars and 62 cents If this is not a counter trend move price will get above that and then your next battle will be 485 So I just wanted to give you that most current data on that to assist you with your trade And now let's go take a look at the lights weed crude and go ahead and continue on with with that Yes, thanks on that update june net gas on the crew all steve Let me think it is wednesday was monday late There was a buying surge in the 95 80 in reaction to Rumors that came out about ukraine, of course Is a nice pullback occurred And got all the way back down to 9065 was the load that I showed yesterday tuesday Yes, um, we've rallied quite a bit From there. Who knows if we'll make higher highs or not on this move. I don't know but Your work might be instrumental in telling us was there any particular strong support That showed up in your work giving all your tools in that 91 to 90 50 area I uh, I didn't see any down there Perhaps yours your work shows something that would be valuable to us Sure So, you know, what we're doing here is we're we're we're flipping into in between the march contract or the April contract out here and when that happens folks What I really like is using the synthetic version of the contract here the futures contract which stitches together The data in a different way than the continuous contracts and provides us with really good market profile Levels and that's what's going to help me answer john specific question So we're looking at the daily time frame chart out here the top of the profile, which is typically resistance That's at 91 12 when you close above resistance, especially if you do it for two consecutive bars Lights, we crew closed above the top of the profile on february 11th And then on february the 14th out there on monday So the pullback was nothing more than a test of old resistance that at this stage here john has clearly become support Now that level is 91 12 that low that i've got out there using this version of the contract was 90 66 that might not be exactly what the print was on the march contract Yes, there is clear support out here. That was the old resistance level. And that's what the Right i have to i have to stop you right there. Thank you on that by the way I knew you were the man to call to ask for Uh, supports that that nobody saw except for your work Uh, that is a excellent example of Corn quote old roof new floor very interesting. Thank you Yeah, as you know, we'd like to see that tested twice to just confirm that, you know, it is a good floor But it's a floor. There's no, you know price pulled back it found support And so now lights we crude i'm going to switch from these charts here john We'll go over and take a look at the april charts and really it's the weekly that's kind of interesting out here So, you know, how much of the move in lights we crude that we've seen is due to the unrest that's over in ukraine russian so forth Whoops, i put up the wrong chart. Sorry about that Uh, so apparently i've got a bunch of brain farts going on out here But here are the eight panel charts and what really what i wanted to point out to you is this week Is going to become bar number nine of a td9 count Now you can also see that's out just expand the screen that way everybody's looking at the exact same thing out here We can see that the road's meant to mitigate our signal still being triggered But the last time that we had a td9 count on a weekly basis was right here Yeah, it was october the week of october 29 What that there was that pulled right back to support the breakout level of 65 30 out there So I you know the the daily's bullish and everything there's no doubt about that The weekly just says prepare for potential top. It's either this week or next week out there Now if that's going to unfold what we'd like to see is some type of top on the daily time frame Well, yesterday's candle session actually gave us that the price is still above the daily profile and above its green Oscillator and change line. So it's really kind of a neutral signal The 30 minute chart has a td9 count top So price may pull back to support which would be 91 43 or 90 96 out here So I don't see any kind of a breakdown just yet to con to to worry us about the td9 count on the weekly basis But it is something to to pay attention to and to consider and to look for short term levels of support to fail None of which have occurred at this stage of the game. So does that help you? Is there any other information john that I could provide to you? Now that that does it steve. I knew that it would I'm now fully prepared. Thanks so much. Have a good rest of the trading session You bet. Thanks so much for calling that was john in philly So we do have a couple of questions that came in through the tigers den and I I don't want to miss out on those And so let me let me see if I can figure out where we're at on that. So there was a question to take a look at Yes, silver then the dr. Copper and ggb. Okay, so let's go take a look at silver Out here and for silver what I'm going to do is well. I'm going to get off of this set of charts here We're going to go back to the black background charts. We'll go to my four panel screen out here It's got the longer term daily weekly Monthly and so forth. So to give us a fairly decent deal So a deal deal feel no, that's not the chart. What was this one? Oh, that's that's gold silver in the dollar Not that that's a bad chart to look at it's just not the chart that I was looking for So in the case of silver it's this set of charts out here So when we look at silver and I apologize, I don't remember who asked me inside the tigers den Really just a consolidation right now trading with inside its daily profile. So your support area really 22 87 But certainly that rising trend line and resistance clearly at 23 92 But at price close above that you've got a descending trend line up at about the 24 In a quarter Steve Rhodes with tf&n. We'll be right back in just a few moments Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com and hit watch tiger tv Welcome back folks So with regard to silver again nothing more than just a consolidation with insider's daily profile then up to the top It's got descending trend line Resistance and at the bottom. It's got rising trend line support out there. So that's what I see We take a look at the silver chart with regard to dr. Copper Let's use the same four panel type charts out here now the interesting pattern in copper Is that if this can close above not on a monthly chart or quarterly chart? I should say From january of 2011 the high out there is five dollars and 19 cents What you see here is a very long term consolidation Inside of dr. Copper and if price closes above that five dollars and 19 cents Boy, then you've got a measured move that takes us up into it's a two to five That's three up into the eight dollar isha type area out there So that's what I'd be watching with regard to what is it doing right now? It's trading above the top of its daily profile. It too has a descending trend line on the daily time frame slightly different than the weekly Out here. So it looks like copper should make rent for the 4 69 ish type area out there And then the next request was a take a look at the saco mines tgb is the ticker symbol So let's get that on our three panel charts out here and see what it is communicating to us And to saco mines, you know got these descending trend lines out here So price is created right up into resistance today Resistance was the top of its barest structured daily profile that level was 198 the high today has been two dollars even steven So what else is this telling us out here? Let's pull the white background chart See if there's any more clear information. I don't think there is because the sideways action out here There isn't So what we have right now? I would have to say is a good old-fashioned consolidation with inside the daily profile Resistance 198 support at 182. That's from the daily time frame the weekly chart out here What does this tell us nothing more than really just sideways action Out here the key level of support would be about 170 right now resistance is that oscillator and change line It has been resistance ever since november Uh november of 2021 so fairly d so that the level to be watching there that oscillator and change line right now Is printed at 203 you really need to see close above 203 and saco mines to suggest and move up to the 220 level out there so nothing more than just a consolidation out there I hope that helps out those folks in the den that had put in request I hope that i've gotten through each of those requests So if I have not would you be kind enough just because my den screen is relatively small? And the king it can get away from me So if there is something inside the tiger's den uh that uh anyone wants me to look at Please go ahead and type that in and we'll get right to it in the meantime We've got some other questions coming by email david and tom ball texas wants to take a look at x on mobile xom Is the ticker symbol? So let's do that. Let's get that uh go by the way I didn't want to say hey can before I do that congrats to uh gary gary our From new buffalo michigan our new skin guy uh earnings came out this morning And uh prices right now trading above a key level Breakout breakdown area 54 bucks gary what you really need to see this close above I think we talked about this yesterday is the high from uh january 7th And that's at the 54 67 level you get above that then this thing is headed higher But congrats to you on that trade you're having a good day And so we here at tfnn are celebrating with you but back to xom mobile here for david and tom ball of texas So you're trading above On the top of its daily profile. So that looks good. You're above the weekly you're above the monthly It still has a weekly a to b equal cd to the upside with an initial price projection here of 85 91 I'm not saying that's where price stops. In fact, I would say more I'd be more inclined to say price is going to make a move to the 95 11 area Now what steve forgot to do there. That was a real smart move was get x on mobile going on my white background chart But we'll do that here momentarily and in the meantime, I'll tell you a little joke Just kidding. I don't have I love listening to jokes. I love humor I'm really not that great at delivering them. Although. It's pretty easy for me to laugh at myself That's no problem. But with regard to x on mobile now that we're done here We've got a td9 count road's meant to mitigate her top price pulled back But you never close below the top of the daily profile old resistance that is now clearly become new support So your support level is going to be 77 46 your resistance area those going to be that oscillator and change line at 80 102 Please look at crude oil futures and x on mobile So we've already done the crude oil x on mobile range boundaries and location of the oul So we've given you that for the daily time frame quickly here Look at the weekly chart the weekly chart tells us what No topping pattern or anything along those lines. So it does look like x on mobile wants to continue to move higher but The caveat there Is that john and philly and I were looking at lights we crude we recognize the td9 count pattern That's going to complete this week on the weekly time frame for lights we crude it says at least a Short-term to intermediate term top could form between this week and next week out there But with you know events going on overseas right now, you know Maybe not But maybe it knows more than what we know Maybe it knows that this thing is not going to get unhinged overseas Time will tell but that's the update on x on mobile david. I hope that that helps you out Thanks for taking the time to write in michael p writes in and michael says if we are in a countertrend move Uh, should we have a small position? Should we have a small position with the trend? Um, so michael's suggesting. Okay, if we have a counter trend move So how are we going to answer that question? We're going to answer that question by Well, first would be what index would we be taking a look at out here? Would somebody want to play a counter trend move to the upside? The first concern michael that you've got to have at least i have Is really with the nq because this market? Likely is not going to motor on higher at any point in time unless it gets the nq to join along and right now the nq It has struggled to take out the high from january 24th and that always has db saying Something to think about well on top of that. I had mentioned a new profile that is attempting to form Attempting to form because we're using my advanced Doppler tool But right now and it's the good tool whether or not this profile takes hold or not I know it's solid right now is 148, but it could shift around and right now price is trading below that That was a bullish structured profile that bottom is at 14 445 So as we speak right now michael the answer would be ooh It's risky We have a different message in the es mini and in the dow and inside the russell 2000 But really I think we've got to get the nq the nasdaq 100 has really got a you know Assist here on any type of counter trend move and then we've got to say where's that counter trend move? Possibly take us to inside the es mini would be the prior highs out here in the 45 85 is range Inside the nq right now would have to say 148 60 the dow which looks pretty good That would be a decent size move 360 54 and the russell up to 21 52 But really we've got to see the nq give us some type of bottoming signals Well, okay, steve if it's got to give us some kind of bottoming signals. What are the nq charts doing out there? So that's a good question. So let's try to go answer that. How do we answer that? We answer that by getting rid of this chart and go to our eight panel charts We've got some intraday time frame. So in the upper right hand corner You've got a 30 minute chart a td9 count no bottoming signal out here Price is held support at the bottom of its bullish structured profile But again, no bottoming signal. So no signal there to take a long position right here right now The same for the 60 minute chart no no bottoming signal no bottoming pattern that steve likes to look at Nothing on the 120 nothing on the 240 the five hour chart is trying to hold support That is the oscillator and change line really the same thing for the 240 but I don't have a clear signal here michael on the nq's chart for its intraday time frame To suggest what you're doing. It doesn't mean it hasn't bottomed already. It's you know I don't have every single bottom pattern But what we do is we spend time looking at these patterns that I do trade that you do trade out here And there's nothing present on those intraday time frame charts sieve roach with tfnn. 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That's tfnn.com and hit watch tiger tv Well back up folks. Let's switch screens here. Let's go to back to the main screen And right now you've got again all the us industries trading to the downside Got the xAU trading up. So it's gold's up 15 bucks. The xAU is up 250 Let's go take a look at the gdx out here. Nobody's putting a record But let's go do that gdx is the ticker symbol And I believe that uh, what's that new skin thing on there? That's weird Okay, let's try to get back here my three time frame. So you've got the gdx right now Trying to take out a swing point that had volume from january 20th of 26 million shares You're at 15 million shares. So I don't know if you're gonna It does have to take out that swing point No, but if it does take out that level of resistance again, that level is 33 19 You're 33 28 the nods favor price moving up to its resistance. Oh, I know what I should show Let's go back. I think this is taking out a td9 count or is attempting to So let me pull that over. That's the more important level. Yep. Sure enough. Okay So here's what you folks want to be paying attention to if you're in the uh, gold mining market There was a td9 count that formed two days ago and then we got yesterday's pullback And so a close above the high from two days ago 33 16 will negate that pattern Of course, you'd like to see a close above that as well as that swing point from january 20th The combination there would then suggest that one you could have an a to b equal cdt upside Forget about me put putting that in the screen right now What you really have is a price target of 34 97 That's the td9 count breakdown level for the daily time frame on a weekly chart out here Price is trading above the top of its uh profile level, which is 33 05 only wednesday But that does suggest a further move higher and on the monthly time frame chart your real resistance level is 34 24 If price begins trading above 34 24, that would be a positive That's a green oscillator and change line. You haven't seen price trade above that since uh, may of 2021 So that's the key resistance level for gdx 34 24 folks stay tuned your favorite polar bear at least my favorite polar bear He's up next that's david white after that tom o bryant. He'll take us on home. I'll be back with you on terrific thursday Thanks much for joining us here today. Have a terrific day