 The following is a presentation of TFNN. 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 morning, folks. Welcome to the December 22nd. The fantastic Friday edition of today's 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, hoping out there's 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, it means we can find the gift in every set of circumstance that life is going to toss at us. Now, today you and I, we're 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 me at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I am here to serve you. So feel free to pick up that phone, dial on in 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, then any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now, we've got a sea of green out there. Dows up 34. S&P's up 13. Nasdaq 34. Russell's up 14. Summaries are up 16. The Trendy's are up 106. Gold's up 20 bucks. Silver's up 2 pennies. Let's recruit back 31 cents. Natural gas off 2 cents. Third-year treasury printed out $1.2328. That's off 3 ticks. The leaders in the clubhouse, dollar-wise the upside, Karuna Therapeutics, up 47 percent, 101 bucks there. I believe that's a buyout. ANSYS, up 28 bucks, 9 percent. Madrigal Pharmaceuticals, 16 bucks, 7 percent. MicroStrategy, 14 bucks, 200 percent. Argenics is up about 15 bucks. That's a 4 percent move there. We've got some movers. The shakers, leader of the charge, NetEase, down 17 bucks, 17 percent. Deckers Outdoor, 15 bucks, 2 percent. Super Micro, 15 bucks, 5 percent. Nike, down 12 bucks, 10 percent move there. Synopsis, Inc., off 12 bucks. That's a 2 percent move. Those are our movers and those are our shakers. Let's begin the day by taking a look at those daily equity future contracts. We referenced that during the 11 a.m. update and here you can see we've just simply got a good old-fashioned consolidation with inside of profiles. The ES, the NQ, the Dow have each tested the top of those profile levels. For the ES, it's 4812. For the NQ, it's at 16992. And for the Dow, it's up at the 37871. Now, in the case of the Russell 2000, it is trading slightly above the top of its daily profile. The top is at 2045, but the level that the Russell would need to take out in order to suggest that it gets bullish again is the high from December 20th. That old dark cloud cover candle, that high out there is 2064.40. So that's the level we're 2052.90 right now. 2064.40 is where the Russell would need to close up to suggest that we have some kind of breakout out there. So that's what's going on. We take a look at the daily equity future contracts. Where else do we want to go? And that's a great question out there. Where do we want to go? Let's go take a look at... Let's go take a look at the daily and weekly version of this. So let's start there. We'll switch screens for that because we're at the end of the week. Let's see what the end of the week signals are telling us. So we'll put those charts up on our screen. Those we're going to take a look at as the white background. So we'll begin taking a look at the ESMini. So in the ESMini on the daily timeframe, we do not have a topping pattern. Period. End of story. We just have a consolidation with inside his profile. Now, if I was closing below the bottom of that profile for two consecutive sessions, 47-24. Now, what's interesting here, so I want to point this out, is that the first, the black background charts that you and I looked at, those are... That's e-signal data. In this case right here, I've got the same data coming through, but it has generated a different profile. And that happened. Somebody might look at that and say, man, why is that happening to us? I would say that's happening for us. So we got two different systems, use the same data. They do the same type of math out there. They generate different output. We use them both. And so not just 47-41 is a key level. The real key level inside of the ESMini is going to be 47-23. That's the area that price must close below in order to suggest some kind of change in trend. We look at the weekly timeframe. It says, prepare for a change in trend. It says you're going to complete bar number 8 of a TD9 count. Now, bar number 9 needs to complete next week. Odds' favor, that's going to happen unless we see just simply some type of crash to the downside, not likely since we're in the most favorable seasonal period for the equity markets out there. But that does say that in January or February, we could get a TD9 count top on the weekly timeframe. We take a look at the NQ. The NQ does have a TD9 count top. What the NQ needs to do in order to get it, so closing above the top of its profile, much like the Russell 2000, wouldn't really be saying a whole lot. What it needs to do is close above the high from December 20th. That's the bar that's labeled number 1 that you're looking at. And that high is 17.073.50. If price were to close above that, then that tells us about a strong upward momentum move for the daily timeframe. We can see on the weekly basis, we're also going to be in bar number 8 this week. That'll complete. Odd's favor, we see a completed TD9 count top come the end of next week. Not really great. Well, to a certain extent, it's actually kind of a great signal. As we come to the time period where the Dow will typically make a top, or the equity markets will make a top, and that's usually the first week of January. And in essence, that's the signal coming from the ES and the NQ. Turns out that's the same signal coming from the Dow, the YM. Bar number 8 is going to complete this week. Odd's favorite will complete that TD9 count top or confirm a TD9 count top at the end of next week. Now it could be the following week where we see that high. And I think that's the likely outcome. No, we typically see the rally extend itself into the early part of January, and then maybe we get snuckered. Now that snuckered will typically take us down into the end of January or middle part of February out there. If that doesn't happen or even if we do get that and we don't take out whatever the high is that takes place during that first week of January, that says it could be a very ugly 2024. But we'll take things one step at a time. Speaking of one step at a time inside the Dow Equity Future Contract, there is no top there either. We just have a consolidation with inside that profile. Now it's a bottom of the profile, 37307 is the same on both of Stevie's systems. Finally, we get to the Russell 2000. The Russell 2000 is in a world of its own. It could care less what the ES, the NQ and the Dow are doing on a daily time frame. You can see it's got to sell the D point. You don't see the A to B equal CD pattern, but you can see that bear sash cam, I call it dark cloud cover, my apology, that high at 206440 on the weekly time frame. We also do not have any kind of topping signal, but I'll still take my P's and Q's from the ES, the NQ and the Dow versus the Russell 2000. So that's our overview of the equity markets. What should you expect and anticipate? Well, I would say you should expect and anticipate a further move higher out there, likely through that first week of January. How much higher? That I don't know. Well, actually I could give you a figure. Where is it that the Dow could actually move up to? Let's take a look at this. Let's go back to that black background chart momentarily before we finish this segment here and go to the break. But here are the horizontal, monthly horizontal trading ranges out there. It's not out of the question to have the Dow get up to that 40,000 level. 39459 is its next monthly horizontal trading range boundary line. Steve Rhodes with TFNN. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your 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. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. I always do, and one of the emails that came in said, I'm confused. Well, if one person's confused, there's probably another person that's confused out there. The message goes like this, I thought you said just a few days ago, you're getting a top on daily signals. And that's correct. I did say that a few days ago. In fact, I can tell you the exact day that I said that, Kevin, and that was on December 20th. But I think if you go back and you take a look at that December 20th show, it's archived out there. What you'll see is that's the day that could have formed a TD9 count top for the ESMini and for the Adal. It did not. It violated the TD9 count rule. So those two instruments on their daily timeframe do not have a top. Period. End of story out there. We also got some new profiles that formed that day. And that was really helpful because prior to those profiles, when we did potentially have those topping signals, such as we did get a confirmed TD9 count top inside the NQ out there, it looked like we could have had it really much lower. But those profiles, it gives you and I a competitive advantage out there. Let's not tell anybody about it. But when we get those profiles, it really helps us to figure out what is going on. As an example out there, what are those profiles helpful for? We'll go switch back to the black background charts because I can show that to you in a heartbeat. And here goes Stevie's heartbeat. We go back to the daily timeframe. We went through this yesterday out there, but let's do it again. Back on the trading day here, Kevin, of November the 22nd, that was an actual TD9 count top that had formed. Now, one could have gone short there. In fact, Nancy in the den asked the question, how come you're not going short? And the reason was because we had that bullish looking profile out there. And that said, not until you close below the bottom of that profile, that bottom of that profile back then was at the 15, 9, 59 level. Would that tell you you've got a change in trend out there? For example, you can come back here and take a look at the trading days of January, July 21st and July 24th. Once we broke through that, that cracked and said, okay, we likely have a change in trend. Turned out that was in fact the case out there. In fact, a few days later, on the trading session of November 29th, what the NQ did was it generated Rosemont Dominicator Top. That really got the hair standing on the back of my neck, but I also knew that support was support. And until support is broken, and we had some other signals that we were looking at. I was looking at such as the DAX, which was continuing to move higher and knowing about the correlation between the NASDAQ 100 and the DAX out there. That was saying, yeah, you might be getting some false signals here, Stevie. And in fact, on the 20th, that was really the proof in the pudding out there. I'm sorry, not the 20th, but on December the 4th out here. December the 4th, price moved down, tested and rejected that profile out there. So back here to the trading day of December 20th, that completed the TD9 count top for the NQ. Price has got a close below that 16664 level, Kevin, in order to generate some type of change in trend out there. So sorry for the confusion, but I think if you go back and you listen to the archive on that day, I actually gave out the parameters of where price needed to close in order for a TD9 count pattern to confirm out there. But I appreciate that you wrote in about that because I want to make sure that nobody else was confused about what Stevie was really communicating. So now let's go back to those white background screens and start getting to the request that have come in out here. Otherwise, Santa's going to deliver Stevie a big bag of coal. And Stevie doesn't want coal for the holidays. What I do want, well, I'm not going to tell you what I want. But here's what I do want. I want to go take a look at the request that have come in. Let's start by taking a look at the one that came in yesterday. Of course, I recorded the show early, as you know. And that came in from Jim. And Jim's question was specific about ticker symbol M-A-R-A. And that's what we've got up on the screen. And his question was, or his request was, when should he lighten up? Right now it's trading out. It shows on my system, my apology, 2601. It's really trading at 2644. What we can see out here, Jim, is today is going to become bar number eight of a TD9 count pattern. That's favored. That it will go ahead and confirm a TD9 count top, as I say, bottom, a TD9, bar number eight, a TD9 count top come Tuesday. Remember, the markets are closed on Monday. Now, that pattern will not complete until Wednesday. So it makes sense about the lightening up. But what we can see out here on the daily time frame is if you just simply come back to the trading day of December the 11th, we have not seen price even spike below a prior bar's low. Jim, you don't have to be a technician to know that that is an absolute bull or signal, because why? Because we've been taking out prior days high, such as today. So this says, this looks really good to Stevie. If we take a look at that weekly time frame chart, that's one heck of a bar number nine, isn't it, folks? Typically markets don't end on wide-ranging bars. So that says to me that Mara, if it's going to form a top on a weekly basis, that's not going to come until we get to New Year's Eve next Friday out there. The monthly chart is suggesting that if this is only a countertrend move for that time frame, price will find resistance at $31.35. I can understand the question, but what I don't have here is any kind of a signal that suggests right now that you should lighten up on this. But go ahead and do that. You've got to do what's right for you out there. But it looks to me like this once, continue to move higher. And I would say at least on Tuesday, maybe on Wednesday as well. And then I'd have to ask the question, because this looks really pretty good out here, this chart, is can you weather a retracement? Can your weather retracement back to that green oscillator and change line out there at the 21 tennis-type area out there? Let's take things one step at a time. We understand the question about lightening up. I just don't see that in the cards today. Next question that came in, I apologize. I did not write down the name. I didn't write down a name for a couple of them, is Nike. So Nike, obviously, out with our earnings after... Oh, no, that's bad news if this screen goes out. Woosh. That was a Nike swoosh that it gave me. Maybe Nike does want me to talk about it. But here's what we've got. If you love the TD9s, which I believe that most of the people in the den do, well, that's the topping pattern that formed out here on the trading day of December 19th out there. It was a TD9 count-top. That high is the key critical level. $923.34. Price must close above that to negate that signal. I don't have any other top out here on the other topping pattern. I do see an A to B equals CD to the upside. There was a bearish shooting star that formed yesterday. So that's a second top. Oh, no, that was two days ago. That's a second top that Nike generated. Do two tops make a difference? No, not really. Not to Stevie, at least. On a weekly timeframe last week, you completed a TD9 count-top as well. So it's really not a surprise to us out here when we take a look at Nike's behavior. Now, granted, yesterday's close was above the top of its bearish structured profile. It was kind of a signal to you and I that it was getting ready to take out that TD9 count-top on the daily timeframe. But the weekly chart was saying, well, maybe not so fast. Now, the question that came in, do you see a buy point? Should I buy Nike right here or now? I wish I could answer that question as yes or no out here. What I don't have is a confirmed test of support. And that's what you'd really like to see. Now, maybe because Price hasn't pulled back to support, that's actually encouraging and says, yeah, maybe we should go ahead and take a long position in Nike. But my preference, because you've got a wide-ranging bar, you've got, let me see what the volume is on my other screen out here, just so I've got more accurate volume. So far today, it's major volume, 25 million shares as we're coming down. The preference would be for this to go test that support level, which is 106.82 on the daily timeframe, 107.01 on the weekly timeframe. Of course, when we get to that, we take a look at intraday charts to figure out if there's any other bottoming signal out here. And we take a look at a 30-minute chart. The answer to that question is absolutely not. I probably have to go down to maybe a 15-minute chart to see if there's some kind of pattern there. No, there's not. I don't have any kind of buy signal on Nike. Other than, Price hasn't been able to make its way all the way back to support out there. So I do hope that helps you out and best of luck. Steve Rhodes with Tf&N, we'll be right back. The dollar, bonds, the South African rand, as well as 25 different mining equities 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. 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I apologize, I did not write down the name of who requested this, but I do have the information about what was requested. And it's this, the individual is looking to put in a trailing stop. And the question was, should that trailing stop be $3.36, I believe it was, or something like that? If we take a look at the American Express charts up here, I've got the 10-day average true range. That's at the very bottom of the screen. You can see right now that says $3.36 out there. And if you use only the average true range as your protective stop, I would say just sell it now. And the reason is because the average range, we don't like to do anything that's average around here. It's just, you do something average, what kind of results you're going to get, less than average results. So what we want to do here is you want to make sure that you're stopped to the extent that you are trying to stay in the position out there. You want to have it at some level greater than the average true range. I suggest using an average true range of 10 days. That's basically a two-week average true range out there. Now, my recommendation is to multiply that time some Fibonacci number, whether that's 1.272 or 1.618. If you use 1.618 as an example, your stop would be about $5.40, so 545.41 out there. So that's my suggestion if you're going to use the average true range method for generating protective stops out there. And what that really does is it gives us first day guideline, a first guideline calculation. The second step is once you would have that calculation, let's assume that it's $5.50 for right now and price is trading at $185.50. So what we'd be looking at is a stop around $183. Well, $183, where does that take us to? It's just below the top of that daily profile for it, Nike, because on a move lower, that becomes the first level of support that it would test. So maybe the stop actually needs to be a little bit larger than that because just poking through there and not closing through there, you know, maybe you want to hold it. Now, let's go take a look at the American Express charts that have all my pattern tools on them. So go take a look at this, and this is why I believe the question is being asked today. So very perceptive trader out there, and that trader knows that there's a TD9 count top that is going to confirm today. It'll complete on Tuesday. And that would be a reason you also have wave number seven coming off of the lows out here. And now that wave number seven pattern needs a lower high to confirm. So you couldn't get that until the end of Tuesday out there. But the TD9 and the TD9 count top will complete on Tuesday at the end of Tuesday out there. Turns out on the weekly basis, American Express has got a bar number eight of its TD9 count. That says you could get a top between today and the next couple of weeks out there. And the monthly chart says, hey, I would like to go retest what looks like it's it's all time high is trading into that swing point. That's from February of 2022. Now the volume there was 78 million shares. We are at 58 million shares today. I don't know that we'll have 20 million shares come next week on an average daily basis. The volume on this is, well, it's 4 million, four, five, six, seven. It's possible out there to have that volume as it moves in there. But nonetheless, we take a look at the TD9 count wave number seven top out here that is fouring inside of the daily timeframe. The first level of support on a pullback out here is going to be the top of the profile. If price moves below that, the next area be at 180 to 10. That's the oscillator and change line below that 180 37 below that 174 97 below that 165 and change out there. So you just kind of go through your progression of steps. Again, it's all about being able to easily identify support and resistance. And really that's what these tools allow us to do. And the nice thing is you don't have to worry about it being Stevie's opinion. It's objective. There's no opinion here at all. It's just simply know where your resistance is. And in the case of American Express, resistance would be up at 192 42. That's its weekly TD9 count breakdown resistance level. There's no other resistance that Stevie has out there. So I then your question was how often should you set that? You can do it daily. But take into account where your other areas of support are, you'd certainly hate to have your stop just above support for prices. Simply come back there, test and reject that level out there. So great question. Thanks so much for asking it. Let's go on to our next question. And that is from ELO and would like to take a look at Deckers Outdoor. DCK is the ticker symbol. Deckers Outdoor. What did this have as a topping pattern? Wave number seven. Thank you, Basil Chapman. It's a very small portion. In fact, it's so infinitesimal portion of the Chapman wave. This is not the Chapman wave. Just happens to be one little piece of it. What did that wave number seven turn out to do? Pull back and test support. The first level of support was up at the 713 area. The second level was 693. The third level, which is tested this morning was 686 16. And below that was 682 29 out there. So is this a buy by pulling back to support? Well, ordinarily I'd say yes, but now I won't because I'm not ordinary. Why wouldn't I ordinarily, why am I not going to do what's ordinarily saying? Yeah, because if we take a look at the weekly chart now, we're going to get a confirmed TD nine count top. It's confirmed. It will complete next week out there. What should happen? Well, price should pull back to test and source letter and change line. That's at 656 59. The monthly chart is going to confirm a TD nine count top as well. Now it could be January that completes. It will be January that completes that pattern, but we don't know whether we'll identify a higher high out there. So when I re entered Decker Outdoor, I think that was the question. Well, you're asking where is the entry price? It's right here right now 682 29 686 16. Those areas have held out there. But because of the weekly and the monthly timeframe chart, my suggestion is maybe to look elsewhere out there and let's see how those other larger patterns actually play out when it comes to Decker's Outdoor. Jane wants to take a look at Tesla T SLA is the Turkish symbol out here. Tesla is bullish when we take a look at his daily timeframe. In fact, what Tesla's chart are signaling to an eye. Well, hold on a minute here, Stevie. Hold on a minute here. Take that back. I see a sell the D point pattern that was confirmed out here on the 20th with that bare sash candle. Also, there's a new profile. So in order for Tesla to truly get bullish, it's really neutral right now and I'll explain that in a moment. You've got it's got to close above the top of its profile to 59 84. So that's your first level of resistance. The second is at 265 41. The reason why I say it's neutral is because that high that sell the D point pattern that formed on the 20th was also a test of its oscillator and change on, which is green tells us we have a rising price outside above zero bullish conditions period end of story out there. Now price is trading with inside that profile. So it's really just a neutral type of signal right now in the daily timeframe, Jane. The weekly timeframe is not neutral. The weekly timeframe says, Steve, oh, I want 272 32 and the monthly chart is supporting that idea right now because it's trading above its green oscillator and change line out there. So that's what I see when we take a look at Tesla Jane. I hope that helps you out. If I take a look at if your question was and I didn't write this down, if you're looking for an entry point out there inside of Tesla, you're so close to resistance areas out here. I kind of hesitate on that 259 and 265. So if you're really looking to buy an interday trade, I'd say a test of that green oscillator and change line would be a spot about 250 91 or some type of bottoming signal on a short term timeframe chart. I know you also want to take a look at coinbase, COIN is a ticker symbol there. We take a look at it. Today is going to confirm a TD 9 count top. You've got a Rosemont Dominicator signal that's been triggered. That needs a bearish reversal kind of to confirm the top coin will confirm should confirm a TD 9 count top on Tuesday. Complete that pattern on Wednesday. I think you're also looking for an entry point here knowing that we've got a TD 9 count top that's coming. I wouldn't take a look at it the weekly. You've got a TD 9 count part number eight is going to complete this week and likely you're going to get a TD 9 count top that's going to confirm next week in the monthly is going to complete this nine count TD 9 count top this month out there. So coinbase, I wouldn't be getting long this now. Steve Rhodes with TFNN will 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 stat's 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. 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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 seven newsletter today. TFNN 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 ETFs. 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 866-476-7523. 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 for side fund services LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back up folks. There was a second part of that American Express question. First was about the stop. The second was the question was do I ever exit on a target before getting stopped out? The answer to that question is yes. Now you might not know what that means. So when I put together a trade, what I always do is I have the stop in place. I've identified the stop before we trade. I've identified the target exit. That way it becomes fairly easy to calculate a reward risk. If your reward risk isn't where you need it to be, maybe it shouldn't be getting into that trade. Now I put those target exits up there. Those target exits are guidelines because as price moves up, each day we need to step back, take a look at the chart and see what new patterns might be out there. So if the pattern, maybe it's moving into a bearish structured profile and you've got a Wave 7 top or a TD9 count, then the answer to that question is yeah, I would go ahead and take that exit. So you've got to manage it. When you get into the trade, this is Stevie's philosophy. When you get into the trade, you've got everything all set up. So if it goes against you, you've got your limited 1% of your trading capital that's been at risk. When I say 1%, I'm referring to the stop size that we've got out there and you know where your targets are at. So you've got everything set up before it trades and then you have to manage it each day. Take a look at that's a market's responsibility to generate new information for us and it needs to generate that new information for us each day, just like it did on the 20th. We were anticipating TD9 count tops in the ES and the Dow. Those were negated because of the price action. When that price action gets negated, it helps you to assist. In fact, there's one of the reasons that I did not go short the markets, especially after that trading session. A lot of people would have seen the market had to lower and said, hey, I'm going to jump on that freight train. But they didn't have access perhaps to the profiles that I did out there. And that was very helpful in doing that. Also, you had two instruments that are saying, I don't have a top. So as a market going to top without all of them having tops, well, at least you need a couple of them, the ES, the NQ, that would be helpful. The Dow, that would certainly be helpful out there. So anyways, let's go on to our next request, which is for Snap out here. This is for Yvonne. And Snap here, Yvonne, has a TD9 count top. That TD9 count top occurred on the 9th. Right now, you've got, and what happened then, the following day, price pulled back and tested support. So its overall signal now is neutral. You've got a price consolidation with inside his profiles. It's a full structured profile. The buy zone is 1629 to 1661. The sell area is 1758, or the top of that TD9 count pattern. The top of that TD9 count pattern is 1790. Turns out, now it would be buying Snap, just because price held support out there. And the reason I say that is because we have a TD9 count top that's going to complete on the weekly timeframe. And that says price should really pull back towards 1279. Now we know you've got to see a close 1629 before that happens out there. We also have the monthly timeframe, chart for Snap that's right at the resistance level, the top of its monthly profile. So I wouldn't be going long here, and I would definitely not be going short. It's a $17 instrument. Can't go short a 17, well, you can do whatever you want. My suggestion, don't ever go short a $17 instrument. You've got infinity and beyond upstairs, and you've only got 17 bucks to the downside to possibly make. And that means they've got to go out of business, and that's not going to happen in one single day out there. So it does look like you're getting ready for a further pullback and retracement inside of Snap. That confirmation will come with a close blow 1629 out there. Yvonne, you also wanted me to take, look at Amazon, the amazing one out there. What do we have here in Amazon? I don't have any kind of a topping signal. It has formed wave number six, that's letter F out there. And it is trading above the top of its profile. That's a bearish structured profile. It's trading above its green oscillator and change line. Its daily timeframe is bullish. The weekly timeframe says, hey, Stevo, not so fast. Why? Because it's going to confirm a TD nine count top this week. Now, it also has a rogment of indicator signal triggered. You'd love to see a bearish reversal candle to confirm that top out there. Again, bar number nine is going to complete this week. It can be the bar following bar number nine that identifies that top. That seems more likely the outcome for me on Amazon because the daily does not have any kind of topping pattern. The monthly will complete a TD nine count top at the end of the month. Now, if this is really bullish out here, Amazon, and we know that it is bullish right now, but if it's super Uber bullish, then the TD nine counts on the monthly timeframe chart, because that's going to complete, that will fail out there. But you've got too many topping signals, longer term intermediate and longer term topping signals to suggest, just be cautious on Amazon. I wouldn't sell it out there. Now, could you short Amazon? Yeah, it's $150 instrument out there. I don't know if I would short the strongest, one of the stronger stocks. It's not really the strongest because it hasn't made it back to its size out there. But any event, Yvonne, that's what we're taking. Again, we take a look at Amazon. Thanks so much for that request. Inside the Tiger's Den, geez, was Dano. I think it was. Dano was a Dano who wanted to take a look at Occidental Petroleum. If wasn't, I apologize for screwing that up. Here we take a look at Oxi. Today is going to become bar number eight of a TD nine count. That says the TD nine count top could occur between today and Wednesday of next week out there. You do have price that is trading above its TD nine count breakdown level. The last bottom that formed out here was bar number nine of a TD nine count. I would say odds favorite. This moves higher come Friday, but I don't know whether it's going to move higher or not. But it does look to me like it's going to go ahead and confirm a TD nine count top come Tuesday on the weekly timeframe. We just have price consolidating trading with inside his profile. We have that same signal inside the monthly timeframe. So perhaps where Occidental Petroleum will get its Ps and Qs from is from Lightsweed Crude. It turns out that that was Dano's request as well was to take a look at both of these instruments. So now let's go take a look at Lightsweed Crude and see what it is doing because if it's going higher, well, chances are Occidental Petroleum will also make that move higher out there. Here we take a look at the February contract. That's the front contract here for Lightsweed Crude on a monthly timeframe. You can see the prices pulled back to test support on a weekly timeframe. We don't have any kind of bottoming signal out here. You are going to get a three river. It looks like you're going to get a three river morning star, but it doesn't really confirm a buy the deep point pattern on the weekly basis. And the reason is this retracement the distance between the high from September 29th and the high of October 20th is like 90%. There's no way a retracement like that can go ahead and generate an A to B equal CD pattern out there. Not unless you want to make it up and Stevie's not going to make it up. But we do have a bullish reversal candle on the monthly timeframe. That says you've got some real good support or should have support at 67.98. Now the daily timeframe, Rosemont Dominicator signal that has been triggered, price making its way up to its bearish structured cell zone. That is between 75.43 and 77.55 out there. Would I sell it? No. Not with these signals that we're getting. The weekly is really telling us to want to move up to 77.26. So it's suggesting that the daily wants to get up towards the top of that profile at 77.55. What else do we see out here intraday wise? Not really much. Nothing here that I'll spend too much time on out there. So Dan, oh, if that was you, I hope that that provided you with the information that you were looking for and have a have a fantastic Friday. Let's go to our next request coming in from the Tigers Den. Man, I did a horrible job of writing down who was requesting what I think that might have been sand, sat P or sand L or I apologize. But the request, that wasn't it. The question was to take a look at Qualcomm. So let's get up to the Qualcomm charts out there. So Qualcomm just entered wave number seven to the upside. That's letter G that you see on my screen out there. That needs a lower high to confirm that pattern. Rosemont Dominicator signal has been triggered. That needs a bearish reversal candle to confirm. Otherwise, the daily chart looks very good. Why? Because price is trading above or appears to be trading above the top of that daily profile. We come back for this break. We'll finish taking a look at Qualcomm. We'll take a look at Hutt and then it looks like we have a request for the New York Stock Exchange and BB AI. We'll get to all of them, I believe. 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? 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 in 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. 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 TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento 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, TFNN.com. Educating investors. TFNN has just launched their new trading room, the Tiger's Den. 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 Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's 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 Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Looking back folks, so let's take a look at Qualcomm here. Let's go to the monthly time frame chart out there. We take a look at that. It is bullish as can be. You had a beautiful TD9 count pattern that confirmed back in November of 2022. That level was tested a couple of times and held out there, and so you couldn't bust into the downside. What's Tom's expression? You try to bust into the upside. That's what's going on as we speak this month. Price is trading above the top of its profile, $132.25. This says longer-term and wants to make a move up towards $171.84. The weekly says, yeah, I'd like to do that, but I'm going to form bar number eight this week, and I should likely form a weekly top sometime next week or the week after. So put all that together. Keep your eye on the daily time frame chart for Qualcomm. Keep your eye on $139.56. If price closed below $139.56, we've got that change in trend signal that the weekly chart and then the daily chart would be communicating to us. And the monthly chart would just say, I've got to wait a little while before I get up to that $171.84 level. We had a request to take a look at hot out here. HUT is the ticker symbol. What do we know about it? It looks bullish on the daily time frame. We don't have any kind of a topping pattern out here. The weekly time frame is going to close above profile resistance and some prior swing points. That is very bullish. The monthly is trading above its asset and change line. So we got bullishness all across the board when we take a look at the job of the HUT out there. So that looks very good. Where is price likely headed to? I would say that on the daily time frame, it's headed towards $1675. And on the weekly time frame, it's headed towards $1820. And on the monthly time frame, it's headed towards $2917 out there. What was the last thing? It was a take a look at the New York Stock Exchange Advanced Client Oscillator. Let me get over there real quickly here. It's back to an overbought condition. Overbought conditions take place when the New York Stock Exchange Advanced Client Oscillator get above plus $150. Right now, the reading is $150.39 out there. So it still tells us that buyers are the ones that are in control of the general markets. Folks, thanks so much for being here for all week. Have a fantastic weekend. Those that celebrate Christmas have the merriest of Christmases. Those that don't celebrate will have a wonderful weekend. And we'll look forward to seeing you on Tuesday morning, 11 o'clock sharp for the 11am update. Take care, folks. Be safe out there.