 The following is a presentation of T F N N. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good afternoon folks. Welcome to the December 31st, the terrific Tuesday, last day of the year. Trader's Edge show. I'm your host, Steve Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Just use that for a New Year's resolution. Just think about that. Think about how many folks out there that you know that are absolutely prisoners of their past. Now think of the game that you and I play here. If we want to call this a game, no reason not to call it a game. And think about that. Think about your last trade. Does your last trade really matter? Yeah, you want to learn from it. You want to see what worked, what didn't work. Maybe what you overlooked. But it's all about being a pioneer of your future. If you sit there and become a prisoner of your past, well I can tell you where your resistance level is out there. But look, thanks for joining me. Always great to be with you. And if you are traveling, you know, safe travels out there. We'll be back at it in just a couple of days. So really no rest for us out here one day. But nonetheless, we will take that rest. Now look, I would love to hear from you. You can give us call 877-927-6648. If you can't dial in, we've got you covered here. Just send me an email. But send it out quickly. Just simply because of ISPs and when those emails actually get to me. It's Steve at tfnn.com. Inside that subject heading, please put radio show question. Of course, in our Tigers Denwell, any ping will do. So let's go ahead and get this show started on terrific Thursday, December 31, 2019, out there. And let's go take a look at the markets. Right now we've got a mixed bag out here. Obviously light trading day. The question is, can we trust what's really going on in the markets out here? Well, we're going to go take a look at what the markets are doing. Take a look at support and resistance and everything else that we can. Dollars right now is out 48 points. S&P down three. NASDAQ off six. No big deal there. Russell is up seven points. The Summys are just slightly green. The spotball of Tilden X is green. It's staring down at $15, even Stephen. Gold's up seven. Silver's down three. Penny's lights we crude is off 12 cents. Lead to charge dollar-wise. Stock-wise. To the upside, it's Tesla of $4.44, 1%. 419 is what it's trading at. The trade desk is trading out at 428. That's up 1.6%. Innovative Industries at 4 bucks. Dexcom up three. To the downside, it's Mercado Libre core laboratories. They're off 10 and 970 out there. Booking holdings is off eight. Northrop Grumman down four. So we've got plenty to look at. Of course, I want to look at what you want to look at out there. So we've got a couple of requests. First, John, in Sarasota, you would ask me about an instrument. I took a look at it before we started. DLGNF, it has days where it sells where there's 100 shares at trade hands. And there's no way for me to give you any kind of real glimpse as to what that equity is going to do out there. So please send me another one. I'm happy to do it, but when I took a look, assuming that I have the correct ticker symbol out there, there are plenty of days where just 100 shares traded. So just no way for me to do any kind of technical analysis there. Yesterday we had talked about there was a request to take a look at currencies. So I put together a little something on that. In fact, let's go do that first. Let's just take a look at that. We'll do that by beginning here. We're going to take a look at the Euro, the yen, the Great British Pound, and obviously then the U.S. Dollar Index. And as you're going to see from the charts for the Euro, they suggest that there's still a further countertrend rally out here. So from a market profile perspective, the Euro, U.S. Dollar currency pair. And I took this snapshot probably about an hour ago or so. It was just going to be more efficient and easier for me to do it this way versus kind of fumbling around with charts, so to speak. But here when you take a look at these profiles, we've got the daily in the upper left, the weekly in the upper right, the monthly is in the lower left, and the quarterly is in the lower right-hand side. What we can see here is that the price is above the top of the daily, above the top of the weekly. It is below the monthly and it is trading inside the monthly profile. So what that sets up for us is the likelihood of price moving up to either the center or the top of that monthly profile. That's at the 112.92 and 114.77 level. So that's what the market profile charts are communicating to us. The daily chart, we'll use my other background chart. What they show here is they clearly show an A to B equal CD to the upside. These suggest that price could run all the way up to its TD-9 count breakdown level. That's at the 113.94 area. That's way back in the July timeframe. You've got a 1 to 1 A to B equal CD that takes you to 112.85, a 1 to 1.272, gets you back up towards a TD-9 count resistance. But at this stage here, it does look like there's further upside inside of the euro. That would put some pressure on the U.S. dollar. The monthly chart for the euro suggests, quite frankly, that the euro could actually make a run for its monthly breakdown level. And that would be at 1.2084 out there. We would need to see two months in a row of a close above Stevie's red line. That's currently priced at 111.112 to be exact out there. But at this stage, all the charts for the euro suggest a further countertrend rally as we come in to 2020. Now, as you're going to see from the charts for the pound, they suggest that the countertrend rally in fact may be over. Now, I'm calling it a countertrend rally. You might call it something else. But from a market profile perspective, here's what we know about the Great British Pound. Prices above the daily profile, prices above the top of the weekly profile. Now, both of those say, OK, you're above resistance. We'd have to use other tools to identify resistance. We do that out here. If you take a look at the monthly chart, lower left out here, this is where we can say, OK, if this has been nothing but a countertrend rally, that is very likely that it's ending now, which is up towards the top of the profile. That's 1.3239. Now, if price is able to close above that, there is a new quarterly profile. The top of that box is 1.3652. Whether price can get beyond that, well, we will just have to wait and see. But at this stage here, looks like the Great British Pound rally is coming to an end. Now, the weekly chart for the pound, that shows a nice rose momentum indicator bottom out there. Nice little key reversal session that generated that. And this suggests that what price could do, OK, if it takes out those resistance levels, is get all the way up to the 1.43 area. That would be its next TD nine count resistance level. However, what we do know is that what price did in this move, so we've got the weekly at the top of the profile, we've got the weekly, we're not showing the profiles on this chart, but here's a weekly chart where price ran right into resistance of those break down levels. So TD nine count breakdown areas out here. Now price is not below Stevie's green line. And that's the one thing that would suggest there could be a further countertrend rally if it can clear resistance, because last week was nothing more than a test of Stevie's green line. Remember when that line changes colors from red to green or from green to red, tells us about an impending test of price in that line. And in essence, that's really what took place yesterday. That is a bullish outcome. However, we know where there's clear resistance. We can see that by taking a look at these charts by utilizing our TD nine count breakdown and break out levels. In this case here, it's the breakdown level. If we go take a look at the yen, what our charts are suggesting is that it's got strong support on a further move lower. That's a strengthening of the yen at the 108.43 level. Here, when you take a look at those profiles, you can see a bullish structured daily profile. Therefore, there would be nothing more bearish than a failed bullish pattern. But right now, the yen, strong support at 108.42. We get back from this break out here. We'll finish this up and then we'll go take a look at Lightsweet Crude for John in our Tiger's Den. Steve Rhodes with TFNN. 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Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. Dow's 54 S&Ps down to four. We're going to go out to Martinez, California and speak with Brent. Brent, thanks for calling. Thanks for holding. Happy New Year to you and your family. How are you today? I'm doing great, Steve. I want to send to you. I wish you the very best for you and your family in the 2020 year. Thank you very much. We're going to need our 2020 glasses on as we deal with next year out there. But for 2019, we're going to go and take a look at Tiger symbol MOS Mosaic. And you've been in this for a while, I believe. Tell me what you're looking at and how I can help you. I have been since the kind of upper teens. I'm just doing this one with options and I have plenty of time, but I can't remember when we last looked at it. I was just hoping you could kind of do a review of it again, just to see what we're at and different resistance levels, things that we typically looked at. Yeah, for you, the biggest resistance level is actually coming from the monthly timeframe chart. And price has pretty much hit the top of that oscillator and change line. The actual value, let's see if I can do this here fairly quickly. Yeah, there we go. So the actual value of it, so I can give that to you, is 2171, where 2153, the high so far has been 2180. And that has proven to be a significant resistance level ever since March of this year. So the mere fact that you haven't surpassed it at this stage of the game isn't a problem, but you're really looking for price to close above on a monthly basis. That area to then suggest they move up to the 3162 range. From simply a profile standpoint, price is consolidating inside the daily profile. The resistance there is 2180. That's the high. We just had taken a look at that. The support level here inside of Mosaic on a daily basis is between 2020. How about that for coincidence or 2052 out there? So you really don't want to see price close below 2020. If it did, it would just suggest that price is going to pull back further out here. From a day at prices above the weekly chart, weekly, let's say the weekly chart, the weekly profile. So that's nice out there. That was 2070. When I take a look at the daily timeframe, the actual price action over the last couple of days here, price pulling back, trying to test that oscillator and change line on a daily basis. That's normal. We see that when that line changes color, which it did maybe about five, six trading sessions ago. So there could still be some jostling around here, maybe move sideways, a little consolidation inside this box. On a daily basis, if price can clear 2180, 2281 becomes your next resistance level out there. And that's pretty much what I see. I don't have anything really on a weekly timeframe chart that's going to add to what we just took a look at. But here is the weekly chart and really nothing here. It does show a nice bottoming pattern out there. The roads momentum indicator bottom signal. But I'd really use the daily and the weekly numbers that we took a look at to kind of guide what Mosaic is doing. Does that help out? Okay. Very helpful. No, I appreciate it. It gives me, again, something to be watching for. But you don't see any reason to just stick with the trade and nothing, particularly negative that you see at all. No, really, there's nothing. The negative, so to speak, as far as the market is concerned. So you've got an option trade here. And I know that it's for longer out. And so we just know that for whatever reason that oscillator change line, the monthly level has been a key area of resistance. And price has gotten up to that in the month of December. So is there a reason to sell? No, you know you're at resistance out here. The reason to sell would have to be a close below 2020. And so then you've got to do kind of the assessment to if that were to happen. What does that do to the trade? You could only estimate what it might do to the trade there. But I don't see any topping pattern, even though we've got that resistance. I don't see any, let me just do a quick wave count for the heck of it off of this low out here, which price was really testing at 1772 support. So unless this is one of Basil's single leg A failures, which there's nothing to suggest that that's the case. I could not tell you to exit the trade here. There's just nothing to, there's nothing here to tell us to do that. All right. Thank you very much, Steve. And again, have a happy new year. I hope you have a healthy and happy one. And that's for you and your family. And we'll see what kind of trades we have and what this market does. It's going to be interesting. It most certainly should be. So I'm looking forward to 2020. Always good to hear from you. Be safe out there. We'll look forward to speaking to you in 2020, which could be on Thursday. Take care, Steve. You bet. You bet. That was Brent in Martinez, California. Tarpon 2 is asking the question is ACB breaking out today. So let's go take a look at that is Aurora Borealis, right? Something like that or Aurora Cannabis. Aurora Cannabis. So having a nice day out here, breaking out or really wouldn't the question really be, hey, has this formed a bottom out here? So if we go take a look at ticker symbol, ACB, here's what we know. Tarpon, will this answer the question for you? It has a TD nine count bottom pattern that was yesterday. Price has been moving lower doing less relative energy. So this is all a good sign for Aurora Borealis that it is a bottom. Now, it's possible that all this is going to do is make a counter trend run up to resistance. That would be $2.50. You're 212. I don't know whether we'll be able to break through that or not. But if you're asking, Stevie, is ACB has it formed a bottoming pattern? Then the answer there, Tarpon 2 is absolutely. When we take a look at the daily timeframe chart, market profiles, prices trading below daily, weekly and monthly. So we don't have any support for those. We don't have a support, so to speak, but you do absolutely have a bottoming pattern. If I look at the weekly timeframe chart out here, the weekly timeframe chart would say, OK, maybe not so fast. We'd like to see or you would like to see price get above 233 in order to confirm that. But that might just be something you have to sit on. The daily has given you a bottom signal. The monthly timeframe chart out here, we mentioned it was below the support of its monthly profile. It's possible that what price is doing here in this instrument is pulling back to its breakout area. That was $1.60 out here. Formed a nice road, we went to Mindicator Top from a weekly standpoint. It's going to be in bar six of a TD9 count. I don't know if the TD9 count will, in effect, complete on a monthly timeframe. We've got a long way to go before that. But I would say price has pulled back very close to but not exactly to its breakout area. So the daily is saying, yeah, not breaking out today, but generating a bottom signal. So I hope that that helps you out with regard to Aurora cannabis ink out there. By the way, I'm long. The pot stocks and sector out there. But it's a different stock and it's a stock that has a really good looking bottoming pattern out there. So let's go back to the currencies. Let me finish off the currencies and then John and the debt. Well, we're coming to a break here, so I will just simply hold off. But John, we come back to this break and everybody else out there. Let's finish off the currencies. We were taking a look at the Japanese yen that will lead us into the U.S. dollar. And then we'll go ahead and take a look at the LightSuite crude contract, February of 2020. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the 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, and 3 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 get immediate access to workshops where I take you step by step on how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, The Path of Lease Resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find The Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, The Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleaf, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart 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. We're just rocking and rolling here on New Year's Eve. Hey, have you ever done the Times Square ball drop for New Year's Eve? It's a blast. You've got to do it at least once. Now, I've done it a couple of times. Let me share with you the way that I would suggest it. Now, it was many years ago, so I don't think things have changed that much. But there's a couple of hotels that are really right across from the ball drop. Now, the one that I stayed at specifically, there were about a handful of rooms. You had to book them well in advance. I believe it was called the Millennium Hotel. Something like that. I don't know if it's still there. But the way that it's situated, when you get up to your room, at least the room that I had rented there, you get there early because they won't book it for a day, so you've got to have a weekend or three days. Obviously, we're during the week out here, or at least a couple of days. And you can actually watch them putting the ball up and testing it. But on New Year's Eve, right as you're getting towards midnight, they have, because of where it's situated, you are on the inside of the pylon, so to speak, with all the police officers, where everybody else is crushed on the other side. So you have to walk out of the hotel, walk over to the barricades, look up, let all the confetti fall, watch the ball drop. It's really a blast. Then go back up to your room and continue the celebration. I wouldn't want to be doing that by standing out there with a million people. But just on the other side of the barricade, well, that's a beautiful thing in any event. Enough of that. Let's go back to the currencies out here. We were taking a look at the Japanese yen. So what you're going to see on these charts here, as I mentioned, you're going to see strong support from a TAS market profile standpoint. That's at $108.42. It's very clear that this is a bullish structured profile. You can see on a daily basis how this level had been tested. It was rejected. Price went up, tested the resistance level of the top of the box. Now it's come down. So what we know about the yen, it's just consolidating sideways in between the top and bottom of its TAS market profile. So that's what the daily timeframe chart. You can see a new profile that is formed on the weekly basis, price traded in between profiles, and the monthly not really providing us with a lot of information there. Now, if the yen busted through $108.43, then price would likely move down to its TD nine-count breakout area. And that's at the $106.33. That's at red horizontal line on the daily chart that you see. This formed a nice roads momentum indicator bottom when it did. But first, the yen would need to close. If it's going to go lower, you can also see that what price has been doing is testing its weekly oscillator and change line, that red line. So really strong support for the yen in this area. Now, everyone keeps, as I hear, keeps touting the demise of the U.S. dollar. And I say, as I listen to those folks talk about it, they are just like oblivious to the potential, the potentialities that were out there of this global debt bubble. What do we mean by that? Look, folks, where we're at right now, and you can go look at it online. It was in May of 2019, so you can just search for it. You can put in BIS, not BS, but BIS, OK, and put in something like U.S. dollar denominated debt. And you'll see the report that's out there. That shows that there's 11, this was as of May, right? That there's $11.5 trillion of U.S. dollar denominated debt. Now, that might not seem like a big problem to you, but just go back just a couple of decades ago. Just go back to the 80s when the Bank of Australia sold Swiss loans without even considering the currency aspect, the Australian dollar. But when the Swiss franc route against the Australian dollar, what those borrowers incurred was substantial losses, massive losses out there, led to countless bankruptcies. This is the pattern for what is going to play out here. The dollar is still the king. But let's go take a look at the U.S. dollar index. And from a market profile perspective out there, what the U.S. dollar index should do is find support at $94.98. That is the bottom of its monthly profile. That is the lower left-hand corner. But if we go take a look at a daily timeframe chart here for the U.S. dollar index. Now, this is a continuous contract. What this is showing us is an A to B equal CD to the downside. It's already hit the one-to-one level. But that doesn't mean that this is where it stops. It could, but doesn't mean that it will. It could go all the way down in that 95, 56 area, 95, 41. It could even go lower than that. But the U.S. dollar index is just forming its next buy pattern, and it would be a gertly buy pattern. So all I can say here, folks, is long live the king. I am not in that camp that the U.S. dollar index is going to croak. In fact, just the opposite. I don't say that starts tomorrow, but I do say just the opposite. Okay, so let's go take a look at Light's Weed Crude. What can we gather out of Light's Weed Crude? Well, a couple of things out here. John, if I just put up this chart. This chart here shows four different timeframes. You're interested in the panels on the very right-hand side. That would be the weekly and the daily. Now, here's kind of the cool thing that I'll share with you. When you take a look at the daily timeframe chart, you're going to see what is in essence the current profile, right? The current profile. When we take a look at that, what we know here is that 5971 would be support in 6005. Those would be a bullish structure. That's the center in the bottom of the profile. However, look at the current day's color of the bar. It's orange. Typically, when a bar turns orange, not always, but typically it is a suggestion, a suggestion that we're going to see a new profile. Well, voila, let's go use Stevie's Super Doppler tool out here. And I've got that applied right now to that February. Oops, that's got to get the right tab out here. As we take a look at Light's Weed Crude, let's blow it up. If you want to know where those profiles are, well, I think Stevie's got them. So we're switching here what looks like from a bullish structured profile to a bearish structured profile. Now, it's hard to see with price because it is hiding the top of the box. So I'm just going to turn price off right now. This is not a guarantee of what those profiles will look like, but it's PDG. It's pretty darn good. And so you can see it's a bearish structured profile. It should be no surprise if Light's Weed Crude pushes back to 6025, the bottom of that profile out there. Whereas if price closes above 61, 64, that's the top of this current profile. Boy, that says that price wants to move higher. Now, move higher to where is the question out here? Well, what I do is I take a look at this contract, not this contract, but my other charts and they tell us, they tell me, they tell you that where price is targeting is 6301. 6301 is the breakdown resistance level. We have seen that level tested once before and then price simply just did a nice turnaround from there. In fact, that was a wide-ranging bar. It was a gap to the upside. It was September 16th. You want to understand how strong resistance is? Well, there it is. And without that TD9 tool, we would not have known that resistance was at 6301. It was above profiles and everything. We wouldn't have been able to have known that, but now we do. So, 6301 is more likely the target. We made to see some kind of consolidation inside Light's Weed Crude at least. That's what the daily timeframe charts are communicating to UNI. You asked about the weekly as well. If we take a look at that weekly timeframe chart here for Light's Weed Crude, see what we can figure out here. Really not much. There's not a lot. I mean, you've got 7240, 7426 to the upside. And what you can see here, John, is that last week, Stevie's red line turned green. And so what UNI know is eventually over the coming weeks out here, we should see price and that line catch up to each other. But this stage of the game, let's go with the information we've got. You've got a brand new daily profile. If price goes over 61.64, you know what the next upside target is. And if there's a pullback, no big deal. Unless price goes below 60.25. Steve Rhodes with TFNN. We'll be right back. 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-first 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-first mortgage program, you can call me at 877-518-9190. That's 877-518-9190. 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. From all aspects of the markets, including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. 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Distributor, 4-Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. S&P is in the den. Do we have somebody on the line? Is Bill on the line? Yes. Hey, perfect, perfect. Hey, Bill, how you doing today? Happy New Year to you. Thank you, Steve. Same deal. I'm doing well and hopefully you are also. And I wanted to talk to you today about the ZV, about the 30-year bond. And just, Steve, as I look at the monthly, the weekly, and the daily, on the monthly, we're coming to the point of control, but certainly it's down-trending. Same on the weekly, and the weekly could close below. It has box at the end of the week. It's certainly trading below it now. And the same on the daily, it's pretty close on the daily. So I just wanted to get your thoughts on the 30-year bond. And sure, so what are you doing anything just yet? Are you in a trade? You're looking to do something? Any additional info there? I certainly traded more actively during the day, Steve, but I am looking for a longer-term position. You know, it appears to me that bonds are coming down and could be coming back to some of their, you know, previous support areas. So yes, I'm looking at a longer position. Okay. So let's do the following. Here, Jin's up. It's information. Oh, Lord, where did I put that chart? I didn't put it there. Okay. Give me a second here. I was listening to you while we were talking. I was multitasking and seemed to have screwed up. That's okay. Here it is. We're back. So here's what we know. First, I think the most important level for you to be watching and observing is 155 30 seconds out there. That is the TD9 count breakout level. And over the course of the last, let's say, including today, two, three, four, five, five of the last about eight or nine sessions, prices pushed down and has tested and has rejected that level. Now, that is suggesting to me, Tom O'Brien was the one who coined the phrase out there, that phrase being if you can't bust them down, it will try to bust them up. And so it appears at this stage here, unless there's a close below 155.17 out there, and I'd have to say a close for two trading sessions. We just have sideways movement or something that actually wants to try to springboard and move higher. And maybe that's 158-ish area. Maybe it's beyond that. But that's what's going on when I take a look at my Ninja Trader charts. You had mentioned profiles out there, so I have the ability here to take a look at the profiles using my synthetic version of the contract. That way, we can take a look at monthly, quarterly, you know, the whole nine yards. Yes, you would also correct that price is pushing down towards the bottom of the bullish structured box. So it's right there at support. So you've got that support. You've got the TD9 count breakout support. The daily is saying, I'm not sure that I want to head lower. The weekly, the trading below the bottom of the profile out there. So there's your weakness versus, let's say, strength. When I say strength, because price hasn't been able to bust through a key level of support out there. The monthly doesn't really provide us or the quarterly, now on the quarterly basis, price above the top of that profile out there. So that qualifies as being really long-term bullish out here. If I do take a look at the weekly timeframe charts, look for some type of top out here. Let me see where were we at approximately in the wave count. Well, did form wave number seven letter G to the upside. But and so I think you've got to make your decisions right now really based upon the daily timeframe. I think it's a daily timeframe that will help you to understand what T-bonds want to do. Because if you can break through support, then I'd be on board with you that T-bonds are signaling and want to head lower. But right now you've got two levels of support on the daily and one level of support on the monthly and on the monthly it happens to be that oscillator on change line. And price has tested that and it's rejected it. There is a topping pattern. There is the TD 9 count topping pattern. But the responsibility of a topping pattern is to push price down to support and that's what it's done at this stage here. So not until we see breaks of this level would I suggest going short the 30 year treasury. Terrific. Wow. Very good to see you. Thank you. Hey, you bet. You bet. Hope that helps you out. Thanks for holding. Much appreciated again. Happy New Year to you and your family. We look forward to speaking to you soon. Again, that was Bill. Absolutely. You bet. Bill in Jupiter, Florida. We had a request to go take a look at let's see, peak D wanted to look at a couple of instruments out here. Let me see if I can get back to find those. It was it is S. I. L. J. So let's go take a look at the S. I. L. J. S. I. L. J. See what that is. And ASA that is the Prime Junior Silver ETF out here. So S. I. L. J. Let me punch that up on my other charts. You're above daily, weekly and monthly profiles. So peak if you're asking about that, you're above resistance from that standpoint. We would say that price wants to move higher. Let's go take a look at the daily time frame chart. See if there's any kind of stopping pattern or signal out here. None that I can see at the moment. Let's do a quick little wave count to the upside. Try to get a feel for where this thing might be at. Give me a second here just to go ahead and populate the chart wave number five to the upside prices above the top of its profile as we mentioned. It's above Stevie's Green Line. That's 12 away. That could be a buy area. Your question is, can we look at it and which one is the better buy? So this thing here is breaking out the weekly time frame chart prices beginning to move higher doing less relative energy. That's not a problem unless we see some type of bearish reversal candle out here from a move to the upside. Where is it at in its wave count? It's also in wave number five. So you've got both the daily and the weekly in the same wave count prices up at resistance or a potential resistance area. That's 12 51. That's not a problem. You're at 12 54. So a close above 12 51. It's hard for me to say the three penises. It is a close above if you know what I mean, but kind of hard to say that there's a ton of. Now look when this thing bottomed, it was with the roadsman to indicator bottom signal right now. That's what's in place on the weekly. So that would just have me be a little bit cautious or hesitant on s I L J the monthly time frame chart out here. So let's go take a look at the other one. The other instrument was a s a. So let's go throw that up on both sets of charts out here. Say we're see where this is trading in relationship to its profiles above the daily right now. We won't know if it's above the weekly. It's trading above the weekly, but we won't know until Friday whether price has been able to take out that resistance level. By the way, that's 13 54. Now the month does end today and prices trading above the top that monthly profile, which I don't know. Big upset in the next few hours out here, and this thing pulls back. The charts are very similar out here peak. We can see that when I take a look at the daily charts, actually the daily is taking on a swing point. Let's go look at the daily again and even on today's date where there's light volume out here, just try to understand what is the volume make up as it takes out a prior swing point high that prior swing point I looks like was a trading day of September 4th. There was volume of 94,000 shares and you've done 57 million shares today. Peak, are you trying to buy a breakout? I know you asked the question which one is the better buy out here. I think we've got a way to see how the week ends for a s a gold. See Roger Tiffin and review right back since 1984. Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well, originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls and thus was born the Chapman wave sequence. 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 the opening call today at tfnn.com. 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. The summer is over. Gold is trading back above $1500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report please sign up today by visiting TFNN.com You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primary-based vitamins, minerals, fatty and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They've been called miracle molecules because, like sunlight, air and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge formulated and approved by Niko and Paige of living a life of its own. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFNN.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back, folks. Hey, speaking of New Year's out here, Craig writes in and Craig wants to go take a look at Disney and I have mentioned to you Times Square as a great place to watch the fireworks. Well, I don't know if the fireworks so much, but the ball drop there. But Disney is another great place to celebrate New Year's. Busiest, one of the busiest days of the year. And usually actually July 4th, but New Year's Eve is just a busy probably shut down parks. Many of you know, I used to own stores on at all the Disney properties for about for about 20 years out there. And so I've seen many, of course, every night at Disney properties. Many times out there. Great place to do it. But the question from Craig is hey, what's going on with Disney doesn't have topping patterns and so forth. Look prices below the bottom of that daily profile out there. That was at 14677. That is suggesting lower price lower price to wear from a profile perspective 14108. That's the bottom of its weekly profile prices trade above the top of the monthly as far as topping signals and patterns on the market. So that's the bottom of its weekly profile. Today is going to be bar number nine of a TD set up nine count. If there is going to be a bottom, Craig, it'll either be today's low or it will be Thursday's low. If that's not it. If we see Friday, a movie even lower price could pull all the way back to 130 51 from a daily time frame perspective out of this daily. What's an any time frame? If you look at the monthly, I'm sorry, the weekly time frame, it too has a roads momentum indicator top and prices below Stevie's green line. This almost assures us to the extent that we can have any insurance in this business of price pulling back and testing the weekly profile 14108. So the fly in the ointment out there, you do have a valid TD nine count bottom pattern. That's what we're going to look at. We're going to be looking at that low could also take place the day after bar number nine, so we really won't know till Friday out there, Craig, but happy to look at it on Friday. Hey, folks, be safe out there. Have a great New Year's Eve celebration, and we'll look forward to seeing you on January 2nd. Take care.