 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Good morning folks, not Larry Pezzavento. This is Steve Rhodes filling in for Larry Pezzavento. This is today's, today is November the 26th. It's terrific Tuesday. Thanks so much for joining me. Look, if you're listening, the show is being replayed at my normal one to two. Trader's Edge timeframe will make the show as pertinent as I possibly can. If you are listening live, I would love to hear from you. You can give us a call at 877-927-6648. We'll go ahead and bisect and dissect whatever instrument it is that you've got an interest in. If you can't call in, we've got you covered there, but do it early. Send me an email. Just simply because these internet service providers and so forth, I hate you to send an email and it doesn't reach me until the last segment when there's two minutes to go. That doesn't work real well, but send me an email. Steve at TFNN.com inside the subject heading. Please put radio show question, of course, and our Tigers and any ping will do. Everything is open. The phone lines are open. No calls just yet. No emails just yet. No pings just yet. Well, I think there might have been a request to go take a look at the spot volatility index. So we'll certainly go ahead and do that. But I want you to know I'm absolutely grateful for your presence here today, but this hour, it's all about you. So feel free to get in contact with us. Let's go ahead and get this show kicked off right now as we take a look at the U.S. markets out here. You've got a mixed bag in the U.S. equity futures. Let me go ahead and get my screen out here. You'll take a look and see that the Dow future up 17 points. The S&P is flat. It's off one tick down a quarter of a point. The NQ is up one quarter of a point and the Russell is off two spot volatility. It's up three pennies trading out at 1190. Now, in Asia last night, a mixed bag, you had the Hang Seng off 79 points, a quarter of a percent. Basically, the Shanghai was up one, so that's flat. The Nikkei up 81, 3 tenths of a percent. The S&P 200, Asia up 8 tenths of a percent. Trading out at 67, 87 over in Europe right now. The Dax is trading lower and the FTSE is higher. We take a look at Goldilocks off a buck. Over up three pennies, natural gas down six cents. Another move to the downside. What to check, see if price is trading now below the bottom of its weekly profile out there, which would most certainly suggest lower price. But before we do that, we're going to go out to Jim in Palm Harbor. Jim, thanks for calling. Thanks for holding. How are you doing this morning? Good morning, Steve. I'm doing fine and I want to wish you a happy Thanksgiving. It's a great time to be with family and celebrate what the Lord's done for us. Absolutely. Thanks for that. Back at you. Are you the chef or is your family the chef? Or are you heading out for Thanksgiving? I'm from Tennessee and we're living in Palm Harbor now. We're not going home this year, but we'll probably go up for Christmas though. Okay. Good. So, Walmart. Tell us, I know you wanted to talk about Walmart, I believe you do. What are you looking for here? I'm not in it currently, but I was noticing there's a shooting star candle on the monthly, and it's almost a non-count. I'm just wondering what your general analysis of Walmart is. It's being a holiday season where they're going to be selling a lot of merchandise, and I'm just curious what your thoughts and analysis would be on it. So, in order for that monthly candle to be a shooting star at the close of the month, it's going to have to get rid of some of this wick to the downside. So, there's just too much of the wick that is exposed for this to actually be a shooting star candle out there. So, that would be the first caution that I have, but of course, as you know, we can't confirm what the candle is until the end of the month, sometime next week out there. So, if you're basing it on what the current candle looks like, it's close, but Jim, it's no cigar just yet. If we do take a look at the monthly timeframe, we'll only pull this over here. What we can see in the monthly timeframe is that coming all the way back to the November 2016 lows, if we begin our wave count, first back in November of 2016 on a monthly basis, and you had mentioned the TD set up nine count, that was a TD set up nine count bottom. Then, so this is back in November of 2016 out there, then price moves higher, forms a TD set up nine count top, it does it with bar number eight, moves lower, no pattern, just a retracement, no pattern on the monthly timeframe that it was a bottoming then. But if we do take a look at where we're at right now, we start from that November of 2016 count and use our Chapman wave tools out here. We do get to wave number seven. So, it's been in wave number seven for quite some time. That actually, that count began back in June of this year. Well, I take that back. It began, the seventh wave began in September of this year. We're already in November, so we can see that this can continue. So, it could continue into next month. Jim, it could continue into January. Price is moving higher, doing a less relative energy. So, if there were to be a shooting star candle at month then, right now it's actually a bullish candle. It's a bull sash candle out here. But if it were to be a bearish reversal candle, then what we would expect is price to go, Testiwi's Green Line, that's currently priced at $1,320. And below that, that would set up something else. But that's what the monthly timeframe chart is showing us. The profiles are so much lower, $84.19 is the top of the box. We really can't use that. From a weekly perspective, and if I didn't mention it, Jim, this month should be bar number eight on that monthly chart. So, reason between bar number eight, it was showing roads, momentum indicator, Topping Signal as well as wave number seven. So, you do, your eye is in the right spot with regard to Microsoft. Is it or is it not going to go ahead and form a top out here? Now, with regard to your shooting star candles out here, you did get one on the weekly basis last week. And if you were referring to that one, Jim, instead of the monthly, my apology for not hearing that clearly. So, in the case of the weekly chart, it does have a confirmed roads, momentum indicator top. So far this week, what we've seen is price try to get back up and get over the oscillator and change line, Stevie's Green Line. It hasn't done that. That is resistance, $120.75. And this would suggest that price could pull all the way back to $111.22. That's what the weekly time frame chart is communicating to us. From a daily time frame out here, Jim, if we take a look at it, we try to find some kind of bottom signal out here. Let me just do a quick wave count, see where we're at. No, nothing there. So, I don't really have anything on the daily time frame out here other than to say that price is trading with inside its profiles. Now, are you looking for, what are you looking to do here? I was just looking through different scenarios on the charts and I thought that one was interesting that the monthly look like it could possibly be topping out. Yeah. So, the weekly shows that the weekly has a topping pattern. The monthly has a potential and the daily doesn't have really anything of the topping patterns that I use. And it just shows consolidated between 117.13 and 119.85. I would watch 117.13. If Walmart were to close below that, that would suggest to move back to the 114.93 level. And below that, then we would really have a change in trend, a confirmed change in trend on the weekly time frame out there. So, I hope that helps you out with regard to Walmart. Good to hear from you as always. And happy Thanksgiving again to you and your family. And thanks for those well wishes. You too. You bet. You bet. That was Jim in Palm Harbor. Steve Rhodes with Tf&N. Fill it in for Larry Pesavento. Of course, I fill it in for myself if it's 1.14 in the afternoon and you're listening and we'll be right back. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. 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I grew up in Detroit and one of our one of the confectionaries there was called Sanders or Saunders out there. They made some of the best sweets. Of course, it's kind of hard to go wrong making sweets. You know, even probably you and I could make something out there, but they had the best candy, the best coffee candies. And I used to suck on those when I would do a lot of flying. Folks, I have flown millions. This is not an exaggeration. Just on Delta, I'm close to 3 million miles there. But those were in the old days. But I used to suck on those candies, John. And believe it or not, they had enough caffeine in there. I could never fall asleep. You know, great flavor. But I just don't drink coffee that much. Steve, I just have to say, Steve, you are on the verge. Oh, OK. OK. OK. Sorry about that. Just a verge. Just a verge. I say that in jest, of course. I know. I know. Steve, I wanted to ask you if you could help me with facts, figures, support levels on the March Arabica coffee futures. Yes. I'm hopeful this conversation is actionable and topical for people who are, you know, trading to make money. I've been trading, as you know, and many of the people in Tf&N's Tigers Den, the coffee futures, all this year, given that has been at a very low price under, say, a dollar a pound wholesale. Yeah. And Steve, it's just started to emerge. It's been long, August and October, and we've had a rally that's been going on the past eight, nine weeks. And a major, or not, I do not know, but I will, I'll just, what my experience over 30 years trading commodity futures is that prices, be it an agricultural, has laid at lows and formed bear market bottoms, you know, for extended period of time. It is often very difficult to say in advance when it's going to surge and why. You know, it's a great way to make money and stay, you know, stay involved as a trader, probing for bottoms. And then once the crowd, including yours, truly actually understands why a market's gone up 50 or more percent, only then do you discover, oh, that was the reason. So I don't know, you know, I don't live down in Brazil. Intelligence like Andy Heck used to have or still does. So I'm long, I'm trading from the long side. And I'm wondering if your work can help us identify supports we can look at on dips here today and next week. Okay, sure, sure. But the first thing though, I do have to make a correction. You do have the tools and you do know why coffee bottom when you were taking a look at the long term chart out there. And that's because of the portion of the Chapman Wave tool that you and Sarah Toga Bob developed out there, which was really, you know, came from Basil Nessens, but it was that wave number seven, that letter G. And if we take a look at, we were talking about earlier with Jim and Palm Harbor about shooting star candles. And back in October of 2014, a nice little shooting star candle that formed inside of the monthly time frame chart for coffee. You are Chapman Wave counter the downside. Lo and behold, the month of May of 2019 is where coffee made that seventh wave move. A nice little bullish or big bearish and big bullish engulfing candle out there. And on a substantial move higher. I know this isn't exactly what you called for, but we do have the time on a substantial move higher. The 156th level is where price broke down. That may be the longer term price target out there. Here with regard to support or resistance are four different time frames, the 6240 daily and weekly. And so with regard to levels of support there, you're above the weekly top of its box above the daily top of its box. So any pullback to support would first be at 1.1330 to 1.1122. And that's looking at the daily bearish structured profile. So a few days ago, which would be November 21st, I believe that was last Thursday, price closed over that bearish structured box. Nothing more bullish than a failed bearish pattern out there. And when I say pattern folks, I'm just referring to a say bearish structured box wasn't the completion of like an A to B equal CD or something along those lines, but just tells you how strong the move on a daily basis is. Now we go to the shorter term time frame, John. If I pull over just for example, a 30 minute chart out here, you and I can understand why price went ahead and topped. The exact time frame was at 12.45 yesterday afternoon. Price was moving higher, doing less relative energy. And then it was also forming bar number eight of a TD set up nine count. That count actually confirmed at about 115 or so. And then the price then since his move lower, but not below its breakout level. So the breakout level is 115.45. I don't know whether price will get down there or not, but that would be the next support level or the next buy the dip area. If on a 30 minute chart, if price were to close below 115.45, then we'd have to search elsewhere out here. But we can understand why price stopped or I can't because of the pattern that is out there. And now it's done its normal thing. It hasn't even though it hasn't gotten back to 115.45. That may in essence, John, just be a signal of just the strength that's inside there. But to answer your question on a 30 minute basis is 115.45. If I flip this to a longer term timeframe, my last letter change line is going to be wrong. The breakout level here would be 114.65. What would be the shortest term timeframe, John, that you would use for trading coffee? Because I want to be helpful to you. And maybe it's not a 30 minute or a 60 minute. Yeah, I have to compliment you publicly on incorporating all your tools into that automated system so you can pull up at a glance. Yeah. All that is terrific. Well, one of the nice things, John, one of the nice things will be when I get this tool completed here, I think for us, which is this is just simply an automated wave count tool now. So now I can do it manually, which I did when we took a look at the monthly timeframe chart. But I don't want to have to look for those things. I want the computer to go out there and find them for me and then put those into some type of market analyzer that would then tell me, okay, what's going on. So this, for example, you're asking about coffee out here. And so when we take a look at coffee, it's the gray. I'm going to just, it's the, it's the line above the gray highlighted area. But here you can see what the TD setup counts are for. It's 30 minutes, 60 minutes, two hour, four hour, five hour daily, weekly and monthly timeframe. So just simply so that you know where prices at any type of potential topping signals along those lines. But John, we're about to go to hard break. You're welcome to hang on and I can clear up anything else on the charts for you. Or if not, you know, I have a happy Thanksgiving. Your choice. Thanks so much, Steve. I appreciate it. You bet. That was John in Philly. I think we're going out to California. We get back from this break. Larry Pezzavento has just started his brand new service, Fibonacci 24 seven. And he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week, when warranted, Larry will send out via charts or videos or both the key markets that he's watching during the day. This will be up to the date active trading information that will help you in your daily trading. 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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, folks. The markets are open right now. We've got the Dow up about five points. The S&P is flat, NASDAQ up four. But let's go out to Brent in Martinez, California. Brent, how are you doing this morning? And happy Thanksgiving to you and your family. Thank you. Thank you. I appreciate you taking the call. I wanted to, if you don't mind, going back to Clovis, we talked about previously. Yes. And my specific question was, I know we talked about on the longer term, I believe it was a monthly, the old Stevie Redline, to get above that at the time, I think it was 983. I believe it was in it. That could have changed between at that time and present. But I figured if we could get through, I guess it's two and a half more trading days above that would be something to watch in and pay attention to. Yes. Yes. So the monthly chart is now up on our screen out here. And that level has changed. Just so you know, I'm looking for my data box out here. Where the heck is it? Well, I'm going to just have to do it this way. So the actual number as we speak right now is going to be 1054. So the level has moved up. It's 1054. I believe we're trading at about 1027 or so right now. And that's the key level. And folks, what Brent is referring to, so this has had one heck of a nice rally off of the Lowe's out here. But what we can see with regard to Clovis Oncology is we can take this back to November of 2017. And since November of 2017, price has been below the oscillator and change line. Brent and I affectionately refer to Stevie's red or green line. It's red right now, which tells us on a monthly base that the price oscillator, which is the difference between the 39 and 19 period expansion moving average. So that would be 39 and 19 months out there for that calculation, that the price oscillator is still below zero. And if price, this is where real resistance is at. And that's at that 1054 level. And Brent, if price can clear that, whether that's in the month of November or it's December, that would be a huge change in trend signal on a longer term basis. If we look at profile levels for daily, weekly, and monthly, the monthly aren't in play right now. That would say if you're close above that 1054, you move up to about 1574, the bottom of the monthly profile. But you're above the weekly and the daily timeframes out there. With regard to the daily timeframe, I don't see any topping pattern in play just yet. You're going to be in bar number seven is what it looks like. Or bar number seven was yesterday. I don't know why my system isn't picking up today's feed. But today will likely be bar number eight. So that's a caution sign out there. But are you in the trade? I believe you are, right? Oh, yes, I am. I've been in it for a while here. And when I did buy it initially, it was with the intention of it being at least intermediate to potentially longer term trade. Okay. So your level, so we know you've got the 1054 area to be watching. You know, you want to just watch and observe the daily timeframe as it completes that TD nine count likely on Monday or Tuesday out there. Watch for price and Stevie's red line at that stage. I know you know how to calculate that on the daily chart because that's where price could pull back to which right now is around 725. But let's take this one thing at a time on the weekly level. The next area of resistance is 1353. And that's where most recently had broken down from a weekly timeframe. And that was back on July 19, but everything looks good. Potential stalling scenario with bar eight and nine coming to fruition here, possibly a pullback. So you've just got to watch for that. But you know, prices up at resistance, that's the problem on that monthly chart. You get up to resistance. And if you get a topping signal on the daily basis, it would not be unusual to see some type of natural retracement out there. Not necessarily the kind that you would want to sell or short this instrument, but just some type of retracement. That's what I see right now. Okay. That's great information, Steve. I really appreciate it. Perfect. Appreciate the additional analysis there. Just, you know, have a wonderful Thanksgiving. Everybody else out there do the same. We'll have a lot to be thankful for. So just, you know, take care and I'll plan on talking to you probably next week. Yeah, that sounds great. We'll talk to you on Monday or Tuesday, hopefully. So thanks for calling as always. Take care, Steve. You bet. So there was a question earlier, yeah, there was a question earlier in the den to take a look at the spot volatility index. I believe that was Jimmy. I don't know, Jimmy, what it is that you needed for me. But if we do take a quick peek at the spot volatility index, you know, here's what we know. It's an 1186, a 50 day expansion moving averages, $13.95. Things will never get rolling to the downside substantially and sustained until you see continued closes above the 50 day exponential moving average here. If you want to take a look at it, we can see that the bottom, the top panel is the spot volatility index, Jimmy, and we can see that the spot volatility index has been below. It's 50 day expansion moving average since October 11th. And then if you look at the S&P 500 right down below, let me just take the rectangle here. So you take that little rectangle feature on Stevie's software. Let's go to the exact date. Okay. So we're right there. And here, so when the spot volatility is below the 50 day exponential moving average, unless it's formed the bottom, right? So that's the only caveat out here. What you would typically see is the S&P 500 move higher to sideways. And if we take a look at what's transpired since then, it's not a tool to catch the bottom. It's not going to be your TD set up nine count, your road momentum indicator, wave number seven or G or anything along those lines to more clearly identify a bottom, but boy, it is something that you most certainly pay attention to. So I don't know what else to share with you with regard to the spot volatility index, but happy to. Just your general thoughts was what you were looking for. So the general thoughts are, look, where the S&P 500 can make a top is when price gets below this Bollinger Band reading out here. That's the red line. So if you're asking yourself, folks, what are the red lines? The blue line on the top panel was the 50 day exponential moving average. The red lines are the 50 to one using the standard deviation tool for the Bollinger Bands out there. It's the only place where I use 51. Usually it's 20 to two, I believe, are the normal default settings out there. But it does show that this is where a bottom can form, not that a bottom will form out there, Jimmy. So hopefully that helps you out. Let's take a quick peek. I know that there were a message or two e-mails that have come in. Yeah, I've got one here, one from Chris B, who wants to take a look at a Chris bought Veon. Let's go take a look at it. Take a look at his three time frames out here. V-E-O-N is the ticker symbol. V-E-O-N. Let me get on all my charts out here. And it has started a nice move up. Just looking for analysis on it. So if we take a look at this, Chris, here's the first thing that you know. Price is above the top of its daily box, 246. That's what it did yesterday in that gap to the upside, with gigantic volume behind it. Yesterday's move also took the weekly up above the top of its profile, 253. So a close on Friday above that is good. Now, if this is only a countertrend rally, then in essence, this is where it would stop. Just looking at profiles. This was a bullish structure profile that price closed below last week and the week before. We'll go take a look at the other charts to see if there's anything else that suggests a countertrend rally. I'm just saying if this were a countertrend rally, Chris, this is where it would stop at the center of that bullish structured weekly profile. But if price is able to close above 266, Chris, then this suggests a price move up to 305. That is ticker symbol. V-E-O-N. Not to confuse it with Warren Zevon, but instead, V-E-O-N. Steve Rhodes with T-F-N-N. If you're listening live and it's 1.38 in the afternoon, thanks so much for doing that. Hey, we'll be back for the last segment for the rest of this week. Just a few minutes. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in a target for a mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you'd like more information about the target for a mortgage program, you can call me at 877-518-9190. That's 877-518-9190. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's Gold Report. This year, gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5%. 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An investor should carefully consider a fund's investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call 866-476-7523 or visit directioninvestments.com. A fund's prospectus and 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. The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Welcome back, folks. Most of the market's here taking a little bit of a respite after yesterday's big move. Gold is trading down $5, $14.58 right now, and the bottom of that profile is $14.60-20. That's the level you want to be watching for the day. But let's go back out to Chris's question here with regard to ticker symbol V-E-O-N and finish up the analysis there. So if I take a look at the weekly timeframe chart here for you, Chris, I formed a nice TD set-up nine-count bottom. Did it with bar number eight, the week of September 20th out here. This suggests that price could move up to the 315 level. That is where price had broken down. That was on the weekly timeframe. Today is going to be, or not this week, this week looks like it'll be bar number six of a TD set-up nine-count. You should have another three to four weeks out there of moves higher or so it would appear. Charts. Oh, jeez, I didn't set that. Thank you, Bill, out here. So let me post that chart here for Chris Bill didn't see it. Chris most certainly didn't see it. So here is the work. Here's the chart out here. Here's the TD set-up nine-count, the eight being the bottom out there and there's your 315 resistance level out there. If we look at the monthly timeframe chart, this is going to show, I believe this is going to show a nice little roads momentum indicator bottom panel out here on a monthly basis. Price was moving lower, doing less relative energy and then you got the bullish reversal candle back in June of this year. We suggest that price could move up to the 423 area, not that it can't move beyond that, but that is your resistance level. So all looks good out here with regard to ticker symbol. V-E-O-N Chris and best of luck with that trade. Now I was mentioning as we were coming back from that, oh, by the way, we've got two more segments. I was mistaken when I took a look at my clock out there, but I was mentioning gold. So let's pull up the chart here for gold and want to be watching here again. Right now we've got price testing the bottom of that daily profile at 1460-20. Price is already well below the weekly profile level, 1495. That's a real suggestion of a change in trend out there for Goldilocks. Now that here, let me just put up the, give me a second here to do this to, I got to do 02, I believe, dash 20. Let me pull up the weekly timeframe chart out here. So there's really a couple of things to be watching here on the weekly for gold. Let me try to pull this over. What the heck is going on? Well, it's not pulling over just yet. So here we go. Okay, perfect. Just got to be a little patient. So here's, there's a couple of possibilities out here for gold. And this is what we want to be able to watch. Number one, gold that generated the roads momentum indicator topping pattern out here. It actually confirmed in October, October 11th of 2019. So, you know, a month ago plus out here. And it confirmed because of the bearish and golfing candle and the clothes below Stevie's green line out here. Now, it is possible that two weeks ago, November 15th, that gold at bottom, it formed the TD set up nine count pattern. That bottom can form bars eight, nine, or the bar following nine. So that's the one that's labeled one on here, out here. And that low, by the way, we're taking a look at the February 20 contract out here, 2020 contract that low, by the way, trying to grab it. There we go. The low is 1446 20. Now that's a key level because if price were to close below that, then what that sets up. So it's possible bottom potential of a bottom out here. It's just, we don't have that in the daily signals. So it's why to be very cautious. But if price did close below that, a run back into the 1286 area would be, would be a possibility, a real possibility. But right now what you want to watch for the day is just stick with the daily timeframe. Will the key level support hold or not? And that number, again, is 1460 20. We're at 1460, even Stephen out here. That's what we see when we take a look at gold. Let me take a quick peek at the market out here because what I want to do is try to identify for you those things that are really pertinent. I can make this pertinent for both the 946 timeframe as well as 146 in the afternoon. So what's another thing that you and I should look for? Let's go take a look at the advanced decline oscillator reading. Oh, so this is really interesting here. So I'm going to share with you a piece of magic. Now, you guys, each of you who have charting applications, well, I think you can do this. You should be able to do this on your own. If you've got a charting application, you should have a diggity feed that gives you the daily advance and decline numbers out here. And that's the center panel, which we're looking at, which is the advanced decline oscillator, is taking a look at the difference. And you can use your, you should be able to use your MACD tool to calculate this, the difference between the 19 and the 39 period exponential moving average. Make sure that your MACD tool allows you to choose between exponential and simple moving averages. And you'll be able to replicate what it is that we have here. But so that center panel here, which is the advanced decline oscillator reading, it got up to the zero threshold level yesterday. Today we might give it a second red arrow out here. I'll give it a second red arrow right now and just move it over so you know what I'm taking a look at what I'm talking about. Now, you'll see other red arrows in the center panel of the screen. What Stevie referred to those as is the advanced decline oscillator threshold reversal area. Failure pattern out here. I should come, I need Basil's help. Basil's got all these great names out there. You know, I need to come up with some of these great names for this. Or maybe you and the den have got a great name. But here's the most important thing. Depending on where this goes, it's only 9.48 in the morning. I don't know what this is going to look like come the end of the day. But if it does reverse downward, you've got another failure at that threshold level. Now, here's the deal. I want you to take a look at the red arrows that show the other failures at those levels in the advanced decline oscillator. And then I want you to go down below which is the spotball utility index. So this takes us back to Jimmy asking about, you know, just generally what the spotball utility index is providing to us, information, assistance here. If you take a look at the green arrows, the green arrows are lined up with those red arrow failures in the advanced decline oscillator reading, which line up with the price level of what the New York Stock Exchange was trading at at those time periods. Now, when things, when a real top forms out here, when there's real movement to the downside, what you will see is you will see that spotball utility index trading above or get ready to start trading above the 50-day exponential moving average. The unfortunate thing is the last time that we had this failure pattern, this was on the trading day of November 15th out there. You'll see the red arrow. But the caution signal as I shared with subscribers was, hey, look, you've got a sell signal, but it's just not the type of sell signal with any gumption behind it. And in order to have gumption, you've got to get the combination of that spotball utility index just right. There's like three little bears out there. It's got to be just right. And right now, it's not just right. But it is a pattern worth paying attention to. Now, look, if price closes above the zero threshold line, as we speak right now, 949, it's printing at 277. This will be a confirmation that buyers are back in control of the market because there was a slight close above it yesterday. So I give it just a little bit of wiggle room. Yesterday's reading, if I can find it out here, was 1.76. To me, that's not good enough. And any two days, two closes above that line to say that bulls are in control. Now, look, I'm not going to sit here and opine and tell you that the bulls are not in control of the marketplace. I'm just not that foolish to tell you that, even though I did try a short trade out there and it hasn't worked out exactly as planned. But that's what trading is all about. We've got stops in place and proper position sizing. So it really doesn't matter. It matters, but it doesn't matter if you know what I mean. We're alive for the next trade out here. But if we do take a look at the TAS daily profiles, as an example, just in case we've got Jay listening in, who would most certainly want to know and you would want to know because he would be asking on your behalf, are there any new profiles out here in the equity futures contracts? And the answer is there's not. There's not. So things as we speak at 9.50, and if it looks this way at 1.50, they're still all out bullish. In the equity markets. We'll be right back. Let me teach you to do what most wealth managers tell you can't be done, which is how to time markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 entry months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and getting immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you haven't checked out the newsletters page of TFNN.com, what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable, and a must-have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. 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Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two-week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter of the opening call today by visiting TFNN.com. Welcome back, folks. So Don Q, Don Quixote writes in, wants to take a look at copper out here. I think because he's taking a look at ticker symbols, SSCO and FCX out there and also looking at Rio Tinto and BHP for some long-term entry points out here. So because you say long-term, now this chart out here, Don, has got your 60, 240 daily and weekly timeframes out here and their TAS market profiles. You can see the prices run into resistance at the top of its weekly box, $2.68 out there. So it just offers a word of caution in your looking for the long-term. So if I look at the long-term, for me, the long-term or intermediate term, you know, we can use a monthly timeframe chart and this is where I really suggest some caution out here with regard to copper specifically. With regard to those other instruments, we're not going to have enough time to go back and take a look at it, but you were specifically asking about copper. And what copper would need to do in order to suggest that it's got more mojo to the upside, it must close above Stevie's red line out here, which is at $2.71. Now that number is going to change over time out here, but what copper has done so far this month, it's tested and it has rejected that. And that's actually bearish. So it just suggests being cautious, especially while we take a look at the weekly timeframe chart that is now up against resistance. It would be helpful to see price close over that level out there. But just a real... So that's what I see when I take a look at the copper out there, Don. I hope that that helps you out. I wish I had gotten your message just a tad earlier and to finish it off, because we do have one more request and this will be the last show of the week for me as we prepare for the Thanksgiving holiday Econa. ECA is the ticker symbol and it looks like this might be a good entry point for Econa out here. Look, it's trading with inside its daily bullish structured profile. It's weekly bullish structured profile. So that's what we're going to report, our 399 and 4. So if you want to take a stab at it, use those areas as color levels that you don't want to see price close below. This did form a TD set up nine count and a valid bottom out there. So that suggests that you really need to see price close above Stevie's red line. That's 418 in order to get up into that 452 area. So folks, thanks so much for being here. I'm sure on behalf of Larry Pesavento and myself, we wish each of you, you, your family, your friends, everyone that you know, to be Thanksgiving be safe out there. And we'll look forward to seeing you next Monday. Take care folks.