 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll Free at 1-877-927-6648. Or internationally at 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the April 5th. The fabulous Friday edition of today's Trader's Edge show. I'm your host, D.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. How about we have an extraordinary one? And of course the easiest way to do that, it's to always remember that life, 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. Today, you and I, we get to go check on the circumstance of these markets. We get to go figure out what the bulls and the bears, what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but most importantly, I'm here to serve you. So feel free to pick up that phone dial on in 877-927-6648. If you can't dial in, we've got you covered. Let those fingers do the walking. You can send me an email steve at tfnn.com inside the subject heading. Please be kind enough to put radio show question. Of course that tiger's den of ours. Any ping will do. So let's go ahead and get this show kicked off. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Lush Show. Right now we've got the dial up 18 points. S&P up nine. So it's green, meaning green across the board. Percentage-wise, the leader is Russell 2000. That's up 12 points. That's three quarters of a percent. Gold's up two bucks. Silver is basically flat out. Here, light sweet crude up 53 cents. Let's go out to Costa Rica and speak with Kay Rico. Kay Rico, how are you? Nice to hear from you. And my apology for not covering DT&E like you had asked me to a couple days ago. It's so good to hear your voice. Everything's cool, man. Everything's cool. Sorry about that. Yeah, but that's okay. So how are things in Costa Rica? Well, I want to give you and your great listeners a quick mother nature update, if I may. You may. Go right ahead. The ring of fire around our globe is on fire with volcanic activity. And major, major eruptions are happening. Two of them here, not serious. I won't, you know, get into any hyperbole. But in Mexico City, there's a monster volcano that many, many centuries ago obliterated that whole area. And I'm talking about massive destruction. Thousands and thousands of lives were lost. What's happening right now is that volcano there, I can't pronounce the name, but it's extremely active right now and it's causing the line, the line of volcanic activity around the ring of fire is erupting everywhere. So this can create also connecting into earthquakes. Yes. Yes, of course. Of course, yeah. It's serious. It's beyond serious. You know, there was a period of time, Kay, we go months ago, many months ago, when it seemed like there were earthquakes, not earthquakes, but there was volcanic activity, you know, happening every week or so someplace new. Why? Either the coverage has died off or it had died up a little bit, but excuse me, you're saying it's picking up or it really hasn't died off. I just haven't been reading the right articles. It really has been covered up, not died off. I'm going to use it blatantly straightforward, covered up because it's not Trump bashing. It doesn't create excitement and it's not newsworthy for ratings. But God forbid, when Mother Nature really is ready to attack in my heart of hearts these, and I write this about the trilogy in the book we're going to be self publishing in late August or earlier in late July. The point is Mother Nature is above us all and we're all connected once Mother Nature makes her statement and I'm very sincere. I think there's a statement going to be made in the next. I'm going to say by August, the end of August, I think that Mother Nature, the Ring of Fire, Yellowstone National Park, the Mexico City, it's going to happen. Something's going to give a message to the world that we're not respecting the world's climate, the world's treasure beneath us, the world's treasure above us. We're just in serious situations that could happen. Look, that kind of leads us right into, because you're talking about energy here. So why don't we, so you heard that here first folks, but K. Rico has been a long time listener here at TFNN, a long time holder of Detroit Edison. Right now the name is DTE Energy. And so, and you did send me an email, but since we've got you live, tell the folks, how is it that I can help you with regard to this equity? It's been in the family since before Edison, right? My grandparent bought it for my mother about 15 years before World War II. That's great. It's a great story. I've been studying it. He found out about some options for like July for the 130, and there was a lot of activity. I believe it was July. And then the ex-dividend was March 15th, and now the earnings are coming April 23rd approximately. I just look at this chart and keep saying, well, pullback has been necessary for a little bit of levity here. It's just going up and up and up. So this activity right now, I was wondering your opinion. Okay. So, you know, because you're such a long-term holder, I just want to start with the monthly timeframe, even though we're just a few days into the month of April. And one of the things that it has been doing has been rising with less and less energy. Now, I'm looking at a monthly timeframe chart here, and depending on where the close is this month, but if it were a close, for example, below 120.54, that could signal a deeper retracement. The number, the range here on a monthly basis for UK RECA, I would say, is between 115.65 and 120, and 120, we'll just call it 120. That's the range. That's the ring of fire for Detroit Edison on a monthly timeframe. Because if there were to be a close below that, not that that says jettisoned and get out, but it would speak to a deeper retracement. 110 could be a target or even 99.60. Now it's early in the month, so I don't know if that's really what's going to come through fruition. What I do know is last week on a weekly timeframe, generated a topping signal, the type of topping signal where there should be some pullback. And how we know that, K. Rico, is what we're looking at here, what has identified the last two out of, what we'll call last two out of four tops right now, not referring to the band out there, has been this Tommy DeMark set up nine count. And you had another one that occurred last week. Now we're about to go to break, but please hold on if you can. We'll come back. We'll further take a look at Detroit Edison with K. Rico and Costa Rica. We'll be right back. All right, thank you. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, we're on the line with K. Rico and Costa Rica and we are taking a look at Detroit Edison, DTE is the ticker symbol, and what we're doing right now is we are studying the weekly time. Whoops, I put up the daily. Let me put the monthly back up here. We'll get to the daily, but let's look at the weekly. We were talking about the weekly and what are the patterns that we noticed here, folks? Well, first, when markets typically make highs of significance, there's going to be a decent retracement. It could be a correction, 10% could be the bare market scenario, 20% or more. Typically it does it with a road momentum indicator signal. In the case of the high that was made out here in December 2017, it was really both. There's Tommy DeMarc set up nine count. It was on count number eight. And, K. Rico, when we look at this chart here, highs are typically highs or lows. Changes in trend will typically occur on bar eight, nine, or the bar after bar nine. And this system here takes a look at on a move higher or lower, and let's say in this case here, the move higher, takes a look at the current bar's close, weekly chart, and compares it to the close of the bar four bars earlier. And if you get nine successive closes above, in this case here, because we're taking a look at a possible topping pattern out here, it says be careful because it can, you can see a change in it. It's kind of like running, you know, out of, I don't know, a sprint of some sort. And it takes a lot of energy. And when you're done with that sprint like, you know, Hussein Bolt, you know, he pre-peaks even though he's got a lot of energy, he needs to rest up. So in this case here, last week, marked the week after the ninth bar out there and suggested that, okay, we're going to prepare for a potential pullback on a weekly basis. Right now, Price is testing my little green line. That green line is actually known as the oscillator and change line. And what that's doing is that is a kind of a line of demarcation to tell you when just a retracement is really just a retracement. Price will pull back, test that, and bounce off of that level. It's sitting on it right now. So a close below 12310 would suggest that we would see a further retracement. Now retracement to where? On this chart here, it gives us a price figure of 111.91. That's this little red solid line. It's the low of that nine count series out there. So that's one possible level of support. But luckily for you, we also have our TAS market profiles. And it's not until support gets broken that there's any real seriousness about any kind of pullback or retracement. In the case of the weekly chart for the TAS market profiles for Detroit Edison, price is trading above 121. 121 is the top of the profile. That was old resistance. It's possible, Keiriko, that that becomes new support. Hasn't been tested yet. We don't know. If there were a close below 121, you would anticipate and there would be nothing wrong with this. That's just like level one of support. The ultimate level of support right now would be 115.71. A close below that could signal something else. But we're not there and there's no reason for us to go there just yet. That's what the weekly timeframe chart shows us. The daily timeframe has a bottom of its profile box at 122.15. So not until there's a close below that is there really anything to... I don't want to use the word worry about, but to maybe have you focus a little bit more. But the stock has been in the name for so long. I think the daily chart is just a lot of noise for you. Don't you? Steve, you're the expert. I'm listening to you intently. And at the same time, I told my brother, you know, we've had this thing in the family. Let's not get greedy. Let's wait for the earnings. If the earnings really pop, let's try to get out after the pop. Really? Because I mean, this is really a great looking. This is the ideal stock chart from the 2009 bottom and just looking at the monthly. Really? This thing, you know, which was 30 bucks. It's trading at 123. So, you know, about a 400% move just in that time period. Just look at the beautiful stair step approach here. And the cool thing about this monthly timeframe chart that you're looking at is you can notice that any pullback, just so that you and other viewers out there can understand the power of these profiles that we take a look at here. On a monthly basis, all we've ever seen since 2009 has been pullbacks to test the bottom of a profile, which is the ultimate level of support here. And right now that level is 99.60. Granted, that's a fairly significant swing from the 123.07 where we're trading at, but shoot, it's well above the top of the profile right now. So that's really not in question, but the point that I really wanted to make here, especially from a longer term standpoint, is this stock chart looks very bullish. It's really, it's a beautiful thing. If we take a look, for example, here we go back in November of 2017, price had gotten above the top of the box. Well, it finally failed in January 2018, but the pullback was just simply to the bottom. And the bottom at that stage was 96.02. Granted, price got down in June of 2018 down to 94.25, but the closing price was above the bottom of that profile. So long-term, if you're looking to sell because you just want to sell, then maybe you look towards a daily timeframe chart and look for something. I don't see it just yet. I see what's going on in a daily timeframe. There's nothing more than ordinary at this stage here. It's actually had six successive sessions. We looked at the nine count on the weekly chart. It's had six successive sessions where the close has been the close below the bar four bars earlier. Today looks like it'll be number seven. On a daily chart, number eight is Monday, Tuesday's nine, Wednesday would be the bar after nine. So it could be next week when you actually see the next bottom in this. If this pattern plays out. We don't know if this pattern will play out because you have to have those nine successive closes. So just because today may be bar seven, that pattern can go away in a heartbeat. Does that kind of make sense? Well, yeah, it will make sense of your knowledge. I'm just listening intently. Does the option action that my brother discovered regarding the 130 price tag for, I believe, June or July. Is that something to look at? Somebody might know something because Detroit Edison. I think this earnings report for the January through April would be very strong because Detroit was very cold and they probably took in a lot of money and money means earnings and earnings means maybe good stock action. Well, I can't get to the 130 price level. That doesn't because the actual level I could come up with is probably much higher than that. So what I mean, here's what I mean. If we just do AB equals CD analysis, we would look at the swing point on a weekly basis from the week that began November 12, 2018. There were five million shares on that week. When that level was crossed, it was the week of February 18th and it was 5.1 million shares. What that represents to me, K. Rico, is a confirmed A to B equals CD to the upside. To give you an idea where that price projection would be and again, you said the 130 and I could visually see that I can't get to 130 because I'd be more like 133 to 141 to 150. So my A to B equals CD pattern says this is a confirmed A to B equals CD looking at the weekly timeframe chart that should take price eventually to 133.97, maybe 141.24. So I hope that helps you out. Thank you. It does. And when we get ready to launch our book and our web page, I'll be talking to you a month in an email. If there's anything I can do on my web page to help you and your crew, it will be my pleasure. All righty. Hey, thanks, K. Rico. We're going to heartbreak. Great to talk to you. Have a great weekend out there. K. Rico and Costa Rica. Steve Rhodes, 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. 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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. Dow 26406 up 21 points. S&P is up 10. So a couple of questions. One in the den, Jay was asking about TAS market profiles. If there was anything new, the answer there is not. The new information, Jay, that we have at this stage here is that the Russell 2000 has taken out the resistance, at least at this stage, it's 130. I don't know what the close looks like. But right now, it's trading above the top of its bearish structured daily profile. 1577-70. Nothing more bullish than a failed bearish pattern. This would suggest Russell 2000 equity futures contract headed for its February 25th high out there. The high there is 1607, the low 1594. Today, the high so far is 1587. So that level hasn't been tackled with. It's above the weekly. Because of the symbol change from jeez, I forget what it used to be for the Russell. It doesn't matter. But because of the symbol change months ago, I can't provide you with the weekly No, the weekly, I can't, but the monthly and the quarterly numbers like I can on the other contracts here. So what do we know about the Russell spoken above resistance, a bearish structure, market profile. That's very bullish. Now the ESMini is sitting right now basically right at potential resistance, potential resistance being its monthly profile. That's a little white line across my screen. 2892. It's trading at 2893. It's very bullish today. So watch 28. The number to watch 2892. That's the top of the weekly profile. If the ESMini closes above that, I can't find anything bearish for you or anybody else out there. Now we can't control what the market's going to do next, but we can take a look at what are the charts telling us we're supporting resistance. What is it telling us if we take a look at the NQ out here, the NQ and the quarterly. Now granted, the quarter ended last week on Friday and last week on Friday, I think price closed just below, but neither here nor there. It appears that the NQ is targeting 7778. That's the top of its monthly profile. Assuming nothing else transpires where we need to reinterpret the chart, but as of 132 in the afternoon, there's nothing, there's no piece of information out here to suggest otherwise. Not at least in my sets of tools out here for what that's worth. Then if you take a look at the Dow and this is where things are really kind of interesting. So Jay, you like market profiles as do many. We see the power of them as K. Rico, you and I we were looking at the Detroit Edison's chart, right? Let's say you're a long-term investor and you just looked at that DTE chart and you said hey, even though you had to go through some volatility, that's normal. You at least knew where the line in the sand was drawn from a long-term investor standpoint. There hasn't been a close below a monthly bottom of the box since the 2000, probably even before that, but at least since the 2009 bottom out here and that would say long-term investors would stay until there were a close below that. If you take a look at the Dow so trying to carry out this theme of our market profiles useful, we know the answer is yes. Well the Dow is above daily the top of the box or resistance above weekly, which was 26-144, above monthly, which was 25-928, above quarterly 25-855. So what do you think about that? What do you think about that? Now we're not even to the new all-time highs, but with regard to market profile information the Dow has just simply cleared all hurdles out there. So if we take a look at the Dow chart here on a daily time frame is there anything I can say that needs to be watched with regard to that and the answer is yes, of course there is. Well not of course, but there is. That's the five-hour chart. I didn't want to grab the five-hour chart. That wasn't my intention not that we don't have to, but it's really the daily time frame chart that we're looking at out here. So here's kind of something interesting. You know, I think this is a pattern that I drew in here and we're really pretty close to it. Whoops, let me just I had it up just a tad higher. It's this little butterfly pattern that we have out here inside of the Dow Equity Futures contract on a daily time frame. Price has also been rising to a less relative energy. Today is going to be day number seven, maybe Monday, day number eight and maybe that goes ahead and confirms this potential butterfly sell pattern. It's in place right now. The butterfly sell. What's not in place is some signal to generate some type of reversal signal for you and I. So it's not there yet and that says price can continue higher out here. Daily time frame chart. Remember price is above all profiles so no reason for us and there's no bearishness out here for us to really pay attention to just a cautionary sign out here. But just because we have this cautionary sign that doesn't mean that we're going to see a market turn. Price is above resistance. The Dow is free to run so to speak. Now, what else is that we can look at out here for where prices may be targeting? Well, if we take a look at the ES mini. So the ES mini not only has it traded into the monthly and really the quarterly profile area. We can also see that prices made its way to its daily horizontal trading range. It's at around $2,000 in the year of 1998. At that level over the course of time we've seen 22 closes at approximately $2,298 out there. Looks like we may get a 20 third with today being that day I don't know how the markets can end but no reason for me I don't see anything just yet to suggest otherwise but there's still several hours left in the trading session out here all-time highs, you're back up to the 2951 level up there. That's the weekly horizontal trading range. So yes, the ESMini is up in resistance. That's why it's really important to watch the ESMini right now because we've got, in essence, two or three resistance zones out here. We take a look at the NQ. Well, the NQ has made its way up to its monthly horizontal trading range level. It did that a couple of days ago. Hasn't overtaken the highs from a few days ago. I'm referring to the NQ. This is a daily timeframe chart and that resistance level, excuse me, was 76.71. If we come back here and take a look at the Dow, because the Dow, when you are above all resistance, TAS profiles and so forth, boy, then you really want to make sure you have your horizontal trading ranges out here. And 26.607 is the next one for the Dow. So looks very, still looks very bullish out here. If we take a look at what's going on inside the New York Stock Exchange, it's advanced decline oscillator. That happens to be the center panel. That is trading out at 105.18 for all intents and purposes. Looks like this is headed up to the plus 150 level. When it gets to plus 150, then we'll have some type of indication as to, because that's where you can, that's where you start to hit the overbought reading inside the advanced decline oscillator. It's also, if you get a turn down right below 150, that can lead to something more than just a normal little pullback out here, not the fearful kind, just something to be watching. Of course, you and I, and thanks for listening in at this time slot, even the last two days, I was taping the show from eight to nine, but hopefully that helped because the information that I provided early in the morning was useful in the afternoon. Well, one of those things you and I have been watching is the spot volatility next, and the key level is 1288. It's trading at 1294. The question is, where does the spot volatility index close today? Below 1288, and this market should continue to zoom, zoom, zoom. We'll be right back. 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For the latest market information. Welcome back folks, let's go to two of the emails out here. We've got one from Alex. Alex is writing in about ticker symbol, FBC, and in essence, quite asking, where is this thing headed to? So if we take a look at, this is Flagstar Bank Corp, by the way. And I wanna focus in right now on the weekly timeframe chart for you. And this right now on a weekly basis is the time frame chart. This right now on a weekly basis, looks like it is going to close above the top of its profile. That level was 3326, it's at 3438 out here. The B point of an A to B equal CD pattern would be the week of March the 4th. 1.4 million shares, you're at 1.3 million shares on a daily basis and volume is relatively light. It does about 150,000 shares. So it looks like it might come up just a tad short. 1.4, you're at 1.3, 2. It's gonna be close, gonna be close. Either way though, even if it's unconfirmed, this could have an A to B equal CD price target. We'll give you what that is out here. The one to one on this takes you to 3858, the one to 1.272, 4075. So that is a possibility. But here's what you know from a weekly standpoint. I know you had said you had asked about this stock last week. Last week it was running into resistance, the top of that profile. This week, it has cleared that. On a weekly basis as well, one of the other things that this thing appears to be doing is closing above a Tommy DeMark set up trend line. That was from the week of August 24th, 2018. That is a solid green line. That is an indication that this wants to change trends. If we take a look at how this equity makes highs and makes lows, it uses that roads momentum indicator signal out here. So that's a reason to throw that A to B equal CD pattern out there. Where is the detour sign for FBC? The only detour sign that I see right now is that today is going to be day number nine of that setup. And on day number nine, either today or Monday, if there's going to be a change in trend, this is when it would occur out here. So it sounded like from your email, you're getting ready to jump on board and ride this thing higher out there. I would say, okay, go ahead and do it. But maybe, maybe wait until Tuesday. Wait to see if this nine count gives you some type of pullback out here, nine or 10. So that's really just Monday. So waiting until Tuesday, if price is trading above the high of today or the high of Monday, then that pattern is void. And go ahead, head to it, because I've seen breakout on the weekly basis and I don't have anything else to suggest that this thing will not move higher. So hope that helps you out. Thanks for writing in. We've got Susanna in Canada. Susanna wants to take a look at, do you please run your analysis for the GDX? Okay, so if we take a look at the GDX, happy to do that for you. On the GDX, the key level that it needs to clear, nice day yesterday, no doubt about that. The key level that it needs to clear is, Susanna is going to be 22.59. It's trading out at 22.42. Closing back above 22.59, Stevie's green line. We'll set it back towards a bullish mode, preparing to tackle the 327 high out there. That price point is 23.38. We can see here, just simply from a daily standpoint, each of these pullbacks out here, we've seen where buyers have stepped in. What I'm referring to, and we can keep going back, you can see the higher bottoms, so far that the GDX is making out here. Just simply come back to November, 2018, bullish and golfing bottom. Morningstar out here, December the 1st. Rising window, gap to the upside, January 26. Another higher bottom, this little piercing candle on March 8th. You've got this little bull sash candle on March 21st. Kind of a retest of that level, bullish and golfing candle on April the 5th out here. What it needs to prove to you is closing above Stevie's green line. That's one place to look at 22.59. Now, 22.74 happens to be the top of a brand new daily profile. That formed today, and so if we take a look at that box, support should be 21.95, and resistance, 21.95. It's trading at its point of control, so it's at an area where both buyers and sellers believe this is where the stock for this ETF is fairly valued. It is a bullish structure, bearstructured box, meaning that center line closer to the top at 22.74. So closing above 22.74, it's different than the figure I gave you at 22.59, but that's okay, we're just taking this one step at a time. 22.74 is really the number that you wanna see, the GDX move above. But what we've seen here is a series of higher lows, and you can see where the bulls have run in each time to help protect that bottom. So you're asking for an entry on the long side out here. Well, because it's below the green line, and you've got a new profile, you're at the point of control, bearstructured, I'd say wait for 21.95 or close above the 22.74 mark out here. I don't know if right now is the right reward risk based upon what you and I are looking at out here. And I don't have anything else, let's say in a daily, the monthly doesn't really apply to us right now. I don't see anything from a weekly standpoint to suggest otherwise, but so Suzanne, I hope that helps you out with regard to the GDX. Sean writes in Sean M and wants to take a look at SLB. Is that Schlumberger SLB, the ticker symbol out there? We take ideas, how about that for a memory? So Schlumberger doesn't say what Sean is looking for, but here's what we know. I think this is what we know and looking at the charts out here. What we know is that looks like Schlumberger is headed up towards 48.84. That's if it can clear its monthly point of control out here. That's where the high, this is where the month, this is where price has found resistance. Really it's found resistance in this level for the last three months, last two months including now this month out here. That level is 45.38. If price can clear 45.38, then what it's gonna contend with is 48.84. Now that's a monthly timeframe chart that we're looking at, it provides us with great information. Pretty good odds right now that 48.84 is going to be hit. We say that because price is above the weekly profile, but here you can see the consolidation on a weekly basis. But it's above resistance, 41.37. So that's a beautiful thing. It is above the top of the daily profile, Schlumberger that is. If we take a look at what else can we see out here? This is moving in towards the swing point area from February 20th, 8.5 million shares. Last time price was up there was seven million shares just a few days ago, April the second. Today good volume as well. It's got about 5.5 million shares. It was still a few hours to go. So Schlumberger, although really in a consolidation and that's the truth, that's after price gapped up way back in January of this year. So the consolidation pattern, the nice thing about that is you can pretty much use, what would you use as a consolidation? Probably something like this I would say would be about the, I'd say that. So what you're looking for the upside here, if this breaks from a consolidation standpoint, let's see, can I do this in just the next few seconds out here? It's gonna give you a price approximate of about 50 buck runes. Currently trading 45, 34. Steve Rogers with TFNN. That was Schlumberger SLB, a great man. Since 1984, Basel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel 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. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators, Basel 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, Basel'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 Basel's newsletter the opening call today by visiting TFNN.com. 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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. Last question coming in is about emerging markets and the question is what to do, what to do, what to do. Do I think it's a good long-term investment was the question out here. And so, that came in earlier and I just forgot to get to it. So my apology there. Here's a chart, this is a weekly chart that we're looking at with regard to emerging markets out here. And we're comparing emerging markets to the US dollar index. The bottom panel shows you either whether this is directionally correlated or inversely correlated. When the bars are at the bottom, it's inversely correlated. Meaning the US dollar index is moving higher than emerging markets should have lower and vice versa out there. So really to answer the question, do you think that the US dollar in, do you think that emerging markets are a good thing to invest in long-term? You would have to answer the question, well, what do you think is gonna take place in the currency world out here? I think that's the most important question for you. If we take a look at the US dollar index, this is a monthly chart for the US dollar index. You can see that it's trading right now at 9703. That's really trading right on, on a monthly basis, on one of its key horizontal trading range boundary lines. So that's a mouthful out there. There have been 22 monthly closes at approximately $96.95 cents out here. If the US dollar, and by the way, folks, US dollar index bottom April of 2008. You know, there's folks out there that say a strong dollar is not good for the stock market. BS. That is all before Steve showed you this chart out here. And there is actually no statement that could be further from the truth if we just simply take a look at the mere fact that the US dollar index bottom out here in 2008. I guess the question is, do you think the US dollar index is moving higher or lower? It just continues to make a series. This is a monthly chart. Higher highs and higher lows. And once it clears this 96.94, it's headed to 101 and then to 106. I think long-term, emerging markets are not a great investment based on the correlation with the US dollar index. Folks, have a great weekend. Thanks so much for being here. Stay tuned. Your favorite polar bear, he's up next. Tom O'Brien, three to five. I'll be back with you on Monday afternoon. Take care.