 The following is a presentation of TFNN The Traders Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks, welcome to the November 21st, the terrific Tuesday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us, not to us That's right. When you and I make that one little two-by-four shift means we can find the gift in every set of circumstance that life is going to toss at us Now today you and I are going to go check on the circumstance of these markets We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during the next 53 minutes. I am here to serve you So feel free to pick up that phone. You can dial on it at 877-927-6648 Now if you've got a question, but you can't dial in we've got you covered You can send me an email send that off to Steve at TFNN.com and inside the subject heading please put radio show question Of course, if you're inside our Tigers devil and any in every ping will do so let's go ahead and get this show started on terrific Tuesday Of course, this is tiger financial news network. I'm Steve Rhodes. Welcome to the show see of red out there You get all the US indices that you and I track trading the downside does off 65 points S&P's down 16 NASDAQ's off 147 Russell's down 13 semis are off 79 trend. He's down 39 points as well You've got gold trading up 26 bucks Silver's up 39 cents Like we crude is up 28 pennies natural gas is basically flat and the 30 Treasury is flat as well trade down to 1527 leading the charge dollar wise to the upside you've got metler Toledo up 65 bucks over 6% 20% for Burlington stores. That's up 27 bucks nearly 6% for waterscorp a 15-point move die-com industries up 14 bucks or 16% To the downside it's charter communications off 17 bucks little over 4% 2% for lame research nearly 15 bucks there micro strategy off about 15 Nearly 3% Broadcom down 13 1% move to the downside as mill holdings off 10 That's a 1.5% move to the downside. Where do we want to begin? You know where we should probably begin Let's take a look at those. Let's take a look at the daily indices. Let me fire these up here I'm mostly concerned or I'm mostly interested in taking a look at what's going on inside of the semiconductor index But we're gonna go ahead and take a look at each of them just to get a feel for what they are communicating to you And I at least as of this moment in time. So give me a moment here. They're populating I'm gonna go ahead and turn that screen on here in the upper left-hand corner. You're gonna see the Dow So let's just rip a rip apart the cash indices normally We spend all of our time or most of our time on the futures contract So what you'll notice inside the Dow was yesterday was bar number seven of a TD 9 count That says that between today Tomorrow and then on Friday the markets will be open on Friday Price must spike above yesterday's high to potentially set up a TD 9 count top That is the same condition for the S&P 500 right now It's just an inside bar when you get an inside bar what that basically tells us is that the direction that the trend is in Should continue so that's that message and that says we should be able to spike above yesterday's high If we look at the NDX 100 the NDX 100 is a day behind with regard to its TD 9 counts out there So it is only working on bar number seven today Don't know if this pattern will come to fruition or not But it's something for you and I to monitor the Russell 2000 It has an a to b pattern a to b equal city at the upside. I don't believe Let me just make sure here. Let's draw this in Whether it made it or not. So there's your a to b I'm just gonna move this over to the c-point out here. Well, it did so the actual the Russell 2000 the cash Indice I don't know about the future contract We have to take a look at it actually has a sell the d-point pattern And that only gets negated with a close above this bearish shooting star candle that formed on November 15th that high out There is an 1830 what this does tell us is that price and that acid and change line should catch up to each other now that OUL is at 1747 right now price printing out at 1793 But the Russell does have a top here. We go to the semi. So in the case the semi conductor index Let's open this up here. So there's not really an a to b equal CD pattern that you and I could draw in here Yeah, there's none none not a zip zilch and I mean you've got a bearish reversal candle today But the only potential top is price getting back to a TD 9 count breakdown level. That was at 3809 75 So when you get back now, that's the second TD 9 count breakdown level But that's an area that can be a top just like support getting back to support can be a bottom. So That being said if we do get a bearish sash candle at day's end This could be signaling to you and I that to some eyes are ready to do a little bit of resting and pull back and test that Oslo and change line. That's currently printed at 3629 So you've got the Russell with the top the potential with regard to some eyes that they've run into resistance in the case of the Dow Jones or that out transports no topping pattern there This is telling us price wants to go target 15 to 31 to 15 326 and the NASDAQ composite nothing there in New York Stock Exchange nothing there just yet now Today's gonna be bar number seven. So we'll have to come back to the New York Stock Exchange the NASDAQ 100 the NASDAQ composite You know, we can take a look at him tomorrow But Monday's probably gonna be the better time to look at that just to see where we're at with regard to the counts out here Nothing else that I see on my charts for us to pay attention. So I'm gonna go ahead and close these out and What we'll do is what I'll do that during the break is I will I've got another set of screens I can pull up where we can really analyze a cash index out there and that's what we'll do is we'll go take look at the Socks take a look at what it's doing on its intraday time frames just to get a decent feel But this happened to just as I closed that chart out it brought us back to gold Everything life is happening for us. So why don't we take a look at Goldilocks out here? So the one thing you're gonna see on the daily time frame as you are going to see what the heck is that? Give me a second here Okay, now we've got so we take a look at Goldilocks. It is very likely trading are gonna go target the 2017 70 level out there And 2017 70 is a TD 9 count breakdown level now The way that you'll know whether that's going to unfold is if you get it closed above two zero zero nine point two zero out there although That takes me back So what that is that is the high of this TD 9 count pattern that was the high from October 20th So that pattern would get negated and that's at 2009 20 So if we do see a close above that odds paper we get a 2017 70 if price is able to close above that then the next level of resistance out here 2019 70 you've got another level of resistance up at 2028 60 Those would be the areas I'd be taking a look at in the case of silver right now silver is testing Profile resistance that did form that new profile yesterday the top of that profile out here for silver is 2399 We're trading right now at 2399 if price can close above that Well, then that would be closing above also its TD 9 count breakdown level at 2392 And what that would then do is that would certainly say that the A to B equal CD pattern is Going to fulfill itself and that would get us up towards that 24 92 level that would be the case of silver the case of the G so right now we know silver is testing resistance We know gold is actually testing resistance as well That's at 2009 20 and guess what the GDX is doing beautiful day, but it's testing resistance That's its TD 9 count breakdown resistance level 2953 Steve Rhodes with TFN and we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the Volatility in equity markets across the globe, which is why it's a great time to try out Teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets Tremendously when you sign up for the tiger forex report You also gain instant access to Teddy 60 minute webinar archive. He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today? Visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by 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 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 Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors toll free at 1-877-927-6648 Internationally at 727-873-7618 Folks, so we're taking a look at the multi time frame charts that I've got here for the some eyes So here we can see on a monthly basis things are bullish They're bullish because price above a green oscillator and change sign that says we've got a rising price oscillator Above zero those are bullish conditions prices trading above a TDN account breakdown level up at the 3674 level So that's bullish on a weekly time frame chart prices bullish here as well It's taking on or it's trading above its green oscillator and change line But it is back towards resistance that resistance was established on a weekly basis the week of August 4th And so what price really needs to do is close above that high that high being 3875 17 to tell us on a weekly basis that that things are Fine and dandy in fact that could set up an A to B equal CDT upside bar number 7 on the daily time frame We're bar number 8. We'll go ahead and complete today. We've already covered the daily time frame I don't have a topping signal on the hundred ninety five minute chart, but it closed below 3749 as I believe 2 p.m 1245 but 1245 to be exact Would signal that it's lost its momentum and price should likely move lower 130 minute chart has given us that signal right now as far as words the next level of support that next So I said lower and so the next level of support because that's where price would likely target would be a 37 1108 that turns out That that is a TD 9 count breakout area and the 65 minute chart That's the pattern that it form was a TD 9 count top So if the semis were to close below 37 1108 you could also see at 37 2365 under 30 minute chart That was level number two of its TD 9 count breakout a 15 minute chart that next level to the downside is 37 1108 So perfect. So we got 37 1108 That's the key level to be watching if you are long the semis if price close and below that odds favor a further pullback Now this pullback may just be your typical two-bar pullback Out there. What do you mean typical two-bar pullback? Well, if you take a look at the rally that we've had off of the lows in a late October We have not had two consecutive moves lower two consecutive sessions where prices move lower You typically get a two to three bar pullback out there. That tells us just simply how strong the semis have been You don't need me to tell you that what you need me to tell you though is if we take a look at the you need me to share with you What the typical retracement might be in days, right? Just it's also a timing thing out there So this looks like it'll be day number one. We've seen a few day number ones out there The question is will we get day number two? So nothing really looks too bad here just yet But again for the semis if you watch 37-11-08, I believe that will help you Understand what it's communicating to you and that communication would be price should head lower So that's a semis out there Let's get to some of the other questions that actually some of the question that did come in and the first one came in This morning from Peter inside the Tigers then it's Peter from Park City and few things giving to you Peter Thanks for being the early bird to catch the worm and the early bird to catch the worm wants to take Look at the New York Stock Exchange the advanced client oscillator So we're gonna change panels out here get to the black background panels You may remember if you were listening when we had that spot on the spot when we had the advanced client oscillator this on a trading day of November 3rd, so it'd been the following session November 6. That was a Friday on November 6 When we took a look at the New York Stock Exchange advanced client oscillator We said hey this thing closed in extreme overbought territory that overbought condition needs to be worked up By the way that what I'm referring to folks is panel number two Here on this screen says advanced client oscillator off to the left-hand side The advanced client oscillator is nothing more than the difference between the 39 and 19 period Exponence moving average of the advanced decline line, but it provides you and I with a ton of information I had mentioned on that day when we had gotten up when we had reconvened that was on November the 6th out there That what was likely to happen is the way that the New York Stock Exchange would form its next top Would be with a diverging pattern. Why because all of the ones since what this takes us back to 2020 out there So each each significant top that's formed inside of the New York Stock Exchange Out here. It's formed with that pattern that pattern being higher highs with lower highs in the advanced client Ossetter so Peter that's what we got now things will not get rocking and rolling to the downside Until we see that spot volatility X get above its 50-day X-minus moving average or and it's well below it the 50-day right now That's at the very bottom panel the screen is at 16 19 the second condition that needs to be met Not necessarily in this order is that advanced client Ossetter must close below zero for two consecutive sessions We're still well above that that doesn't mean that's not forming a top but you and I took a look at the New York Stock Exchange albeit briefly and It needs still needs a spike above yesterday's high to possibly trigger a TD 9 count out there So it does look like maybe we're still a few days away from that that would make sense with being the end of the month With it being a holiday. What do you mean with it being a holiday? You know, that's a great question I'm glad that you asked that what I mean by a holiday and specifically what I mean by Thanksgiving and you and I we Took a look at this chart here earlier. Well, what would have been earlier in the week that would have been yesterday last week. I Believe it was last week it was last week It's right here right now and that's this the chart that you're looking at is a hundred and twenty six years of how the Dow is traded 10 days before and 10 days after Thanksgiving And what we can see here and right now We are what two days before Thanksgiving and what this tells us that we should see price continue to move higher No, that's not what it looks like in 1124 But generally speaking the bias over a hundred twenty six your period is to move higher And in fact that says it even over the course of the following ten days. That is a likely cycle now You might say Steve oh, you know what? Hundred twenty six words. It's hundred twenty six years worth of data. That's just too much. All right About 25 years worth of data. What do we have out here? Well, 25 years worth of data says we rally up into Thanksgiving or the day before Because we're not trading on Thanksgiving and then we move lower for one session that would be that knee jerk So that would be Friday black Friday's deal And then the market or the Dow because we're looking at the Dow here continues to move higher out there So the bias that we're taking a look at based on the holiday Based on coming towards the end of the month out here is most certainly to the upside And I believe that's what we're going to see here And that's how the New York Stock Exchange should or could form its next top out there, Peter And that would be with baby a teeny nine count top with this divergence pattern that is still in place out there So hope that that helps you out I'll know that you also wanted to take a look at the currencies out here So if you give me a moment, we'll get over we'll change panels on our screen and we'll go take a look at the currency pairs now To do that give me a second here. We'll get to those white background screens We're gonna look at really just three currency pairs folks We're gonna look at the Euro the yen and the pound upper left-hand side or really the top row our daily charts Bottom row are the weekly charts. Let's look at the weekly charts in the case of the euro teeny nine count bottom What did price do last week closed above its asset and change line in? Convincing matter and what price wants to do here with the weekly chart is telling you and I as the euro wants to make a run Up to one point one zero six five to be exact if you take a look at the daily time frame There's nothing out here to suggest otherwise There is no topping signal now There's an A to B equal CD pattern is in play and if we were to get a bearish reversal candle day That would identify at least a short-term top maybe something more than that But short of that we're bar number six today What the euro wants to do is target or head towards one point one zero six six now one point zero six five Happens to be also a daily teeny nine count breakdown level So you got a daily and a weekly teeny nine count breakdown level inside of the euro out there We take a look at the Japanese yen the Japanese yen has a roadsman to indicator top It's got a wave number seven top out there price below yesterday's low odds favor the yen wants to strengthen again Put weakness inside the US dollar the euro if it moves higher will put weakness inside the US dollar in the case of the Great British Pound it's got this A to B equal CD pattern It's completed the one-to-one if the word of generative bearish reversal candle that would be it that would then suggest a pullback See road with TFN. Hope you're right back Gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC Market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equies with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority 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 TFNN has just launched their new trading room the Tigers then hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they Analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members Exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tigers Den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today become a part of this educational community of traders Just visit the front page of TFNN.com 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 Folks let's get down back to the currency pairs that we're taking a look at that give me mom We'll get back to those screens out there just to finish it up for Peter Here we go So we take a look at the pound on the so you can see the a to b equal CD pattern out there now Just because it's completed the one-to-one that doesn't mean that's the end of the move In fact that you're what you're waiting for now is a bearish reversal candle Short of that price should continue to move higher now It's a positive outcome so far today and that price is closing above. It's a TD9 count breakdown level So watch for a bearish reversal candle at the as the pound continues to strengthen US dollar index is going to go ahead And get weaker out there so Peter I hope that provided the information you're looking for for both the currencies and that New York stock exchange advanced client oscillator And again, thanks so much for the request. Thanks for the request from Who is next out here? Let me see let me go to This chart this chart is from Microsoft So that would be Nancy Nancy is up next in hand Nancy happy Thanksgiving to you Nancy is interested in what's going on inside of Microsoft Well Nancy Yesterday was waved it appears that yesterday is going to become a wave number seven top for its daily time frame I'm just simply going to expand this out now That's courtesy of Basil Chapman and the Chapman wave That's the so-called rogue wave although I can't tell you that whether this qualifies as a rogue wave Is how he defines it in the system, but he does pay attention to wave number seven That's letter G on my system as long as price doesn't take out that high that pattern remains in effect now What price is doing that says we have to watch support levels Nancy And as you can see that key support level has already been tested this morning That key support level is that green oscillator and change line now if price of closes below that oscillator and change line That's currently printed at 371 34. So why don't you make it 371 30 a price closed below 371 30 Odds favor what price will do what Amazon or what Microsoft will do is pull back and test support This is a bullet structured profile and a support zone on a daily basis from Microsoft is between 365 16 and 366 76 let's expand back out the outside Let's let me shorten up the daily time frame chart take a look at the weekly chart on Friday What you want to watch for there is you want to see if there's a bearish reversal candle at present It shows a shooting star. No idea. It will look like on Friday I think markets close at 1 p.m On a Friday out there if we do get a bearish reversal candle then the weekly chart will have generated a top as well And that would suggest a pull back to support support here in the 353 355 level monthly chart nothing to worry about there So let's look at a quick 30 minute time frame chart here from Microsoft See what kind of signals we have and what we have out here is a TD 9 count top So Nancy, I believe you will learn most about Microsoft If it closes below 371 now, let me just get back to this chart here Let me turn something else on let me turn on more of the breakout Levels for the TD 9 count system out here So let's just switch those to not three but Unlimited number of lines that are going to print up on my screen out here What i'm curious to see is what was the last time Microsoft Broke through a TD 9 count breakout level on a 30 minute time frame When was that last time that last time? Son of a gun that takes us back to about 11 30 in morning on October 3rd So over a month nearly two months out there that level has held So Nancy, there's your real clue as to what Microsoft is likely to do If it were to close below 371 it hasn't done it so far It's tested that daily oscillator and change line That's a bullish signal. But what you want to watch like a hawk is 371 You get a close below that that's telling us that at least the character for the 30 minute time frame inside of Microsoft Has just changed out there. So hope that that helps you out and happy Thanksgiving to you and again Thank you for the request. Mr. Bill is up next and Mr. Bill. Happy Thanksgiving to you as well Hope you have a lot of great Turkey you didn't want to take a look at Microsoft how to end up with Microsoft again It's uh, mr. Bill wants to take a look at Nvidia. Maybe that's right here. No, that's also Microsoft. What did Stevie do? Mr. Bill my apology for that. Nancy's hogging the screen Well, we're just gonna have to go back to that chart and we'll put an Nvidia. Don't know what I did. Oh, there it is That's very weird I know i'm weird, but that was very weird. Okay, so let's take a look at Nvidia. They report I believe with earnings. I think was what mr. Bill was saying here This has triggered a rogment dominicator signal out there Yesterday it negated a td9 count top. So that's a bullish outcome It's still bullish unless it's this were to generate a bearish reversal candle We don't have that as we speak what you do want to watch here though Is that price is back inside its profile closed above it yesterday? Look like a full breakout if it closes back about 499 60 today That will give you that full breakout message if it closes back below it It's really kind of like a false breakout move that doesn't mean the move is over It just means odd would favor pulling back towards that 484 level That's the daily green oscillator and changeline weekly chart here shows that we're up at resistance resistance was formed on august 25th That was a bearish shooting star that confirmed erodesment dominicator top 50266 the number that price must close above in order to negate that signal and on a monthly chart price must close above 50266 to negate its td9 count top So nvidia watch it as well if it closes below 499 60 odds favor a further retracement if we take a look at a 30-minute chart here Just like we did for microsoft Maybe cde i don't have anything really but we do have price below profile support So perhaps what price is doing it's going to pull back to test its breakout level. That's at 480 999 We don't want to make that call just yet We want to um We don't want to make that call just yet. No reason for us to do that. So that's what i'd be watching for today Specifically 499 60 you close below that odds favor a further pullback not just maybe one one made one more day to the downside Uh, so uh, thanks for that request g motion. Thank you also for your request happy things given to you You want to take a look at the amazing one and that would be amazon as we take a look at amazon What is it doing? Do we have any kind of a top whatsoever? The answer is Nah There's not even an a to b equal cd pattern on a daily time frame that you and I could take a look at So what is amazon doing? So now we've got a resort just back to your typical tools out there g motion and right now price is trading Back inside its profile and a close below 143 37 would get us back inside that profile That could open up a move back to test another area of support This is a slightly bearish structured profile if a move lower in amazon is only a countertrend move on its daily time frame Price should find support at 139 87 it already did that once it did that four days ago So i'd say a close today below that 143 37 ish level really 143 26 would suggest that we may get back and test 139 87 out there On a monthly basis this could form or should form a td9 account top This month this will be bar number nine this month But that top may not take place until next month out there on a weekly basis if this were to generate a bearish reversal candle That would confirm a roadsman to indicator top on a 10 minute time frame this set of panels I don't have the 30 minute for some reason but we can always put that out there But on a 10 minute time frame You've got a roadsman to indicator bottom So this tells us this is short term out here But this tells us price should make its way to the oscillator and change line currently about 142 56 If price get above that the next battle 142 78 above that there's a battle at 143 80 That's what the 10 minute charts are showing us if I put this on the 30 minute here the oscillator and change line Will be wrong. That's okay. What do we have here? I don't have anything other price test in a prior swing point and that's going to need a close above 142 29 With less with less than 10 million shares to negate that swing point see roads with tf and n we'll be right back we're going to take a look at sgbx mike morgan stanley and ung for brent Currencies commodities and bond markets are as important as ever right now with how they're driving the Volatility and equity markets across the globe, which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds As they both influence forex markets tremendously When you sign up for the tiger forex report, you also gain instant access to teddy's 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tf and n dot com tf and n educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tf and n dot com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tf and n dot com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction visit direction investments dot com today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 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 the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz 101 sb's off 17 nasdaq's down 144 gold is up about 22 buck silvers up 29 cents We're gonna go take a look at ticker symbol s g bx this is for dan inside the tigers and dan a happy thanksgiving to you Thanks so much for the request out there s g b x Just want to see so s g b x a couple days ago had one heck of a ride went from about uh 35 cents or even below that all the way up to a buck 28 That was one heck of a move out there right now. It's trading out at 83 cents. I know my screen says 80 So dan first of all, there's a new profile that is for him Let me give you the new support and resistance level support is at 56 pennies Resistance up at a buck five. Of course, you know, you've got their resistance At a buck 28 that was a td9 count breakdown resistance level What else do we know about this? We don't have a top topping pattern Obviously things can top when you get back to a resistance level out there at the buck 28 on a weekly time frame What do we have? We have price consulting with inside its profile resistance there happens be 88 cents You're at 83 right now So a close on friday above 88 cents would be a bullish outcome the monthly chart There's nothing there for you and I to really pay attention to and to look at So what else do we want to take later with regard to sgbx, which is safe and green holdings out here Just got a consolidation right now dan in between that new profile that is formed today 56 cents and a buck five out there So hope that that helps you out on a 30 minute phase. Just take a quick peak care at a Intra day type chart. See if this can provide us with any information The answer is no nothing zip zilch out there So dan thanks again for the request out there and we'll look forward to your next one Oh might be mga. How about that? But before we get to mga We're going to go take a look at the morgan stanley and this is for nicholas Nicholas writes in wants to take a look at morgan stanley ms is the ticker symbol out there trading at about 79 22 And it also has formed a new daily profile did that looks like yesterday? So first thing to write down on your pad of paper nicholas is support and that's what it hit this morning That's at 78 50 a price were to close below 78 50 that tells we're going to pull back further I would be targeting 76 44 if that were to unfold but so far support is support support is held Uh today generated a sell the d-point pattern and it did that because we've got a little bit of a gap to the downside Let me just make sure I think we've got like a penny gap the low from yesterday was 79 34 the high from today Is 79 34 as well? Is that a gap? Yeah, we're not gonna we're not uh, let's say that it is Let's make it let's use the more conservative approach here But still price tested support So it's only a close below 78 50 that would say in the case of morgan stanley It wants a trade lower that's from the daily time frame the weekly time frame has a buy the d-point pattern That was a couple weeks ago price is consolidating within side its profile It is a bullish structured profile odds favor over time not tomorrow not the next day But the morgan stanley wants to go target those sellers and they're hanging out at 85 46 Monthly chart not providing us with a ton of information. So it's really up to the daily and up to the uh weekly charts out there What's the intraday chart telling us? Well, we take a look at morgan stanley On a 30 minute basis. What do we have? roadsman dominicator top A to b equals cd to the downside It's already generated to buy the d-point pattern, but price here remains below Support that's both. It's also during change line and below and a below profile support So we're not getting the warm fuzzies necessarily here So I think you've got to rely on the daily nicolas and that's that support level at 78 50 I hope if that helps you out happy Thanksgiving to you as well Brett wrote in and Brett wanted to take a look at ung. So to do that We're going to go take a look at actually the futures contract that makes up ung as we speak today Um, and that is going to be january now. I've got the december contract. It is still active, but we are rolling into january The interesting thing here Is I was hopeful That the january contract would show the same kind of thing and pattern that is as december And it's not What's that same kind of pattern the same kind of pattern is a rogement dominicator signal that's been triggered So right now brent with regard to ung. I know you do not have a position You're looking for a position in order for that to unfold or give you that signal You need to see a bolus reversal candle This is more than a one to one a to b equal cd pattern to the downside in fact right now We are at uh, all very close to the 1.272 now. There's a couple different a to b equal cd patterns out here There's a larger one I take like a january that would take us all the way back for your a point It would take us well It would take us all the way back. Let me see if that's correct november 30th Let me just i've got on another screen. It should take us back to august 15th of 2023 Okay, I see what i'm using here. So hold on a second. I'm using this swing point right here Here's your august 15th. So here's your a your b your c your d So there's and here's here's another one a to b equal c to d So there's a couple different a to b equal cd patterns doesn't really matter which one we use brent What matters is the way that those patterns get confirmed is with a bulbous reversal candle So short of that you've got 298 which price has basically gone to this morning That was the 1.618 a to b equal cd of the larger pattern that we took a look at It's next price projection level would be down at about 275 What ung is entirely made up of right now other than cash or some other Uh on some other instruments not not a natural gas instrument out here is january of 2024 That's what you need to pay attention to watch for a bulbous reversal candle If you get that then you could fire away at either boil or ung Out there don't be paying attention to the December contract for natural gas So brent to hope that helps you out. Oh one last thing out there with regard to natural gas We are in the unfavorable and I mean Unfavorable did I say unfavorable? I mean very unfavorable seasonal time frame for natural gas I know you would think that December now. This is over 10 years. Let me let's go back Let's just make sure let's put 32 years worth of data in here Take a look at november and december over the last 32 years The two worst performing months out there I've said this before I'll say it again I think all of us other than being an intraday trader out there should shelf Natural gas and we'll come back and we'll take a look at it Maybe in february because in february, which is typically over the last 32 years right around february 19th So maybe it'll deliver to us for valentine's day a nice juicy rally finally inside of natural gas But just know that you're going again So over the last 32 years the most two unfavorable months were just about to end november here But december is typically worse when it comes to natural gas So I hope that helps you out and happy thanksgiving to you and the family ELO wants to take a look at Ulta beauty So let me just close this set of charts out here free up some space and we'll go take a ulta again That's for e you e uh elo inside our tigers den Electric light orchestra, even though I know that's not what it is now. ELO is not offended by that It is one of my favorite bands out there. So now let's go take even care if that's my favorite band He just wants to know what's going on with ulta. Well, that's mga. That was the next one that we're going to get to Let's get to ulta beauty out here. We take a look at ulta beauty. What do we know about it? Road's meant to mitigate her bottom from several weeks ago Price is trading with inside a profile that formed yesterday ELO the support level is between 401 21 And 404 40 I believe it's 404 40 it is 404 45 That's your bullish structured zone a closed below 40133 We'll take us back to that oscillator and change on the 395 and change out there your resistance levels There's two of them 414 17. That's the top of his profile 418 88 is his td9 count breakdown level if in fact ulta could close above that that would tell us about a change in trend She roads with tfn. We'll be right back 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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That would be the bottom of the weekly profile out there Um And I don't see anything else here that we need to focus on say that big huge gap up But that was a couple of weeks ago. I don't see anything really here that's bearish What do you mean? You don't see anything that's bearish divo you're talking about price moving lower today again it's One of the purposes of the oscillator and change on one of the primary purposes of developing the oscillator and change line Was to help me understand and then allow me to be able to express to you and understand the markets One of retracement is just a retracement And when that line is green and just change colors out there That usually tells especially if a top has completed in this case here That price we get back there and test that if you're looking for a buy area That would be the buy area a test and rejection That means a close back above it would be your buy point. So that's what I see when I take a look at mga We've got about 30 seconds take a look at mu micron. That's for john c inside the tiger's den We take a look at micron out here What I don't have is any kind of a topping pattern I don't really see an a to b equal cd pattern the upside the retracement just is too Uh too small for that pattern to unfold out here But here price might be targeting its oscillator and change on 76 12 Everything looks really good on the weekly chart so far. Everything looks really good on the monthly monthly says Micron wants to get up to 94 07 But it may be getting ready to take a break and that might just be a two-day break out there If you take a look at micron, remember we looked at the semis They hadn't had any kind of a pullback on its move higher We did a few days ago get a two-day one We had two two day two bar pullbacks inside of micron here Maybe this is really just getting ready to do that second day and that would be tomorrow So folks, thanks so much for joining me. Please have a terrific Tuesday I'll be back with you on wonderful wednesday out there be safe out there And thanks so much for joining us. Take care