 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 afternoon folks. Welcome to the April 8th. 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. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us, not to us. That's right. We need to make that one little two-by-four shift. It means we can find the gift in every set of circumstances that life is going to toss at us. Now today, you and I, we're going to go check out the circumstance of these markets. We're going to go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past one o'clock in the afternoon. I want you to know I am absolutely grateful for your presence here. But more important than that, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on at 877-927-6648. If you can't dial in, we've got you covered there too. You can always send me an email, send it to Steve at TFNN.com. Inside the subject heading, if you'd be kind enough to put radio show question, just like Mike did here a few minutes ago. And of course, if you're inside the Tiger's Den, well, any 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 less show right now. We've got a bit of a mixed bag out here. The Dow's up 282, 910s, over percent. S&P 310s are 13 points. NASDAQ is down half a percent. 72 points. Russell is up three points. So basically flat. Summaries are off 41 and a quarter percent. Trends are down 81 and 6 tenths were sent. You've got the gold trading up five bucks. 1943 is the print there. Lightspeed Crude is trading out at 96.68. That's up 65 cents in silver. Is up three pennies trading out at 24.77. Lead the charge dollar wise. You've got E-PAM systems, 33 bucks, 13 percent. You've got regenerative farm facilities up 23 bucks or 3 percent. Aberdeen physical palladium shares up 8 percent or 15 bucks. WD 40 up 15 bucks, 9 percent. To the downside, it is the googly one up 27 dollars. That's a 1 percent move. Shopify's off 25. That's a 4 percent move. Amazon is down 8 tenths percent or 25 bucks. Tesla's off 18. Nearly 2 percent. Monolithic power systems down 16 bucks. 3.7 percent to the downside. Where do we want to begin? Where do we want to begin? I think we will begin with the Dow. Why the Dow? It's a good question. So when we take a look at the Dow out here, what I'm going to do is a flop. I'm going to eventually learn how to speak. And then what we're going to do is actually put the daily timeframe equity future contracts up here. And it's really the Dow that we're paying attention to right now. So the Dow, as we take a look at it, number one, it's above the center of its bullish structured profile, which is at 34, 641. So if price closes above that, which is also above its green oscillator and change line, that would be a bullish message. And a bullish message there would be price should go make a run for the 35, 281, 35, 244 level. That's a TD-9 cal breakdown area. And it's the top of its current profile out there. So the Dow looks pretty good. Now, when I shorten this up and we take a look at the other charts out here, good. Take a look at the NQ. Now, in the case of the NQ, it's just finding support at the bottom of its profile, but resistance at its green oscillator and change line. So the question is, will the Dow be able to move higher without the NQ? Sure, it can move somewhat higher, but it's going to make that move to 35, 281? Probably not. If we take a look at the ESMini, she is also trading at resistance. That happens to be its green oscillator and change line and the center of its profile. The center of its profile is at 4512. The oscillator and change line is printing out at 45, I'll take that back. 4512 is, yeah, 4512 is the center of the profile. 4512 is the oscillator and change line. We're putting out at 4508. So what's the number you want to pay attention to today? 4512. Price closes above that, gets us to the 4551 level. We don't have that signal right now, but the Dow is trying to get the other guys to participate, including the Russell 2000. Now, getting the Russell 2000 to participate should be a relatively easy thing. And the reason is because that oscillator and change line went from green to red yesterday. Now, we have a bottoming signal here, but certainly price and that line want to test each other. And the Dow could certainly lift us higher, but it's only the Dow that is breaking out above resistance levels. It's not taking place inside the ES or the NQ and most certainly it is not taking place inside the Russell 2000. So where do we go from here? Excellent question. I say let's go back to the black background charts because we want to understand is what is the Dow doing? Now, I can share with you that earlier, I was looking at my intraday charts for the Dow Equity Future Contract and really for all of them, and I didn't see any kind of signal as to why did price stop where it did. So when that happens, then Stevie goes back and takes a look at retracement. So let's just do this here. Let me kind of clear the screen just a tad. We'll go ahead and put all this stuff in here for you. Just take a look at what it is that I'm looking at. So now this is a 60-minute chart for the Dow. Like some of the other instruments, it formed a nice buy the D-point bottom out here. And if we take a look at the typical, so when you have a Gertley buy pattern, Gertley buy patterns, what has been generated out here? Gertley buy patterns have five different potential outcomes. The first four, really the first three are retracements. So let's take a look at those first three outcomes. And you're going from the A to the D-point out there, which means we're going from 35 to 81 down to 34,093. Well, when we take a look at the first move, the first move was the 0.382 retracement. And that Dow found resistance at about two o'clock in the afternoon yesterday. And then just simply price went sideways. You can see that the second level, the 0.618. So here, I mentioned there's five different outcomes. The first three are retracements, 0.382, well, that already took place, 0.618. That took place just a while ago now, or as we came on to there as we were coming out here, really before that, at one o'clock. So during that one o'clock bar, price got up. The actual high so far in the Dow Equity Future Contract is 34,791. Price got up to, and the 618 retracement is 34,827. Close enough for our work out here. Now, the point that I want to make is what do you think the odds, if the Dow Equity Future Contract closes about 34,827, what do you think the odds are that it's going to make the run to that third level? The third level being the 0.786 retracement area. That would be a 35,026. I'd say the odds are pretty good. Now, if we take a look at other patterns out here, there's an A to B equal CD to the upside. It has not been completed. The A to B equal CD pattern to the upside would look like this. We're going to start with the low out here that we use for our retracement level. That's from 10 o'clock on April 7. That's our A point. Now, for the B point, you can't choose this swing point right here from 3 o'clock yesterday afternoon, April 7. The reason is because you can clearly see what we're going to use for our C point, and that's the low of the morning. The reason why you can't use this swing point high here is because there's a higher swing point that took place before that low was created. Our C point out here for the A to B equal C, or a B point for the A to B equal CD, is going to be the high at 4 a.m. this morning. Our C point is going to be the low that took place at 9 o'clock. Now, what you can see here, the retracement on that A to B equal CD pattern is a 52% retracement. Relatively strong. Price along the left side of the C to D leg, so that's pretty strong. That says that in the one-to-one price projection would get you to 34,943. So, you've confirmed it on a 30-minute basis with regard to volume. You've got certainly the wide-ranging bar. Price stopped where it did, nearly where it should have, at the .618 retracement level. It's just trading sideways right now. So, here's the point. The point is you've got a confirmed A to B equal CD that should take price up to 35, 026 or so, but you've got to be watching 34,827 for clues. Steve Rhodes with TFN, we get back to this break. Let's start answering questions. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. TFN, educating investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel, and become the investor you were born to be, TFNN. Educating investors. 618. Welcome back folks. Let's go north along the coastline of Florida up to Palm Harbor and speak with Jim. Jim, thanks for calling. Thanks for holding. How are you today? I'm doing good, Steve. Thanks for taking my call. How are you today? I'm doing well. Thanks for asking, and always glad to hear from you. And I know you want to take a look at UPS. You're at a part of Seoul Service out there. Tell me what you're doing, how I can best help you. I'm not in it. I've just been watching it for a while, and I have a what I call a V-POC. It's based on a version of market profile, and it goes all the way back to October 13th, an untouched V-POC at 183.81. Now, I was hoping it would get down to that today, but it fell short of that a little bit, and I was just wondering, get your analysis on it and see if you think it's going to go a little lower, or do you think the bottom and UPS might be getting close? So I tell you, it's a great question. Here's what the charts are telling us. One, it's understandable why price has found support where it is, and that's just simply because it's right at the bottom of a new monthly profile that formed this month, Jim, and that level is 188.45. Now, is that good enough to say that it's bottom? No. It's good enough to say and understand why did price, in essence, bottom the way that it has today? And the only thing that shows up on my black background screens, that is, would be that support level. I'll switch over. We can see the price is below the bottom of its weekly bullish structured profile, and that suggests lower price. You've got an A to B equals CD to the downside on the daily timeframe. We can see that the CD to D leg is much stronger than the A to B leg. So more likely than not, this is not going to complete a one-to-one, even though it's made that move. It's likely going to be more than a one-to-one A to B equals CD to the downside. The next level, price projection area, would be 179 bucks. Any questions about the black background chart before I flip over to the white ones? No, that's good. Thank you. Perfect. So let's go take a look at those white background multi-time frame screens out here and see what additional information we might be able to pick out of it. The very first thing we can see on the monthly timeframe, we've got a rogement and indicator top at this stage here. Weekly nothing more to add than what we looked at. Only bar number seven of a TD nine count. So I would suggest that if this is going to bottom, you'd like to either get a bullish reversal candle to confirm the A to B equals CD, or most certainly you could be looking at a bottom that might form between Monday and Wednesday of next week. Preferably, you'd really get both patterns. You'd get a confirmed buy the D point out there. And if you do, then that would signal to us that price would likely make a move up to its oscillator and change line in the 204 area. If I look at 195-minute chart, it negated a TD nine count bottom. That suggests lower price. Looks like the 130-minute timeframe chart did the same thing. The 65-minute chart says I want to bounce. I want to bounce up to maybe 193-194. The 30-minute chart, not helping me out a whole lot here, what questions do these charts pose to you? Really, you've answered about everything already. I was just wondering that in your work does 183-81 stand out in any way as a level? Because I'm kind of experimenting with some things. Sure. So that's a great question, and I'm going to try to answer it. I'm going to open up the daily timeframe chart, see if there's a breakout level. So the next breakout level to the downside for UPS would be 179.68. As far as a 183 level, if I'm just looking on my other charts to see what I've got around 183, the only thing I've got around 183, I've got 18406, 18493, which is the high from the trading session of October 13th. So I don't have that, but maybe what you're able to do is combine that along with maybe a TD nine count bottom that could form between Monday and Wednesday of next week, and maybe that's how you put that together with that new tool that you're using. Yeah, that works really well. The 184 number you gave me because I've got like a demand zone around my what I'm calling the VPOC, and it goes from 183.04 up to 185. So that's in the demand zone that I'm looking for a bottom or a bounce. Right, right, right. Yeah, so I think so, so what I would do is I do I see a bottom right now today in UPS, I do not. It doesn't mean that it hasn't. It just doesn't fit one of the patterns that I look for. It doesn't fit your VPOC pattern. So that might take place then next week, Monday through Wednesday would be something for us to take a look at, Jim. Okay, well, I really appreciate it that 179 number is really good too. So I appreciate it. Well, happy to help. You bet. Thanks so much for calling. Have a great weekend. That was Jim in Palm Harbor. We had another question. We've got actually a couple of questions that have come in in the financial area. And the first one is, so let me actually get to the question. I'm going to go ahead and populate this with the XLF. The first question is coming in from Miles. Miles is just wondering if I have a take on banks right here, you see a few bottoms that showed up in the TD9 bottom scan list that I send out in the newsletter. So that's what he's referring to there. Monthly shows that the index might be breaking out, retesting the breakout level, and was looking at as a banking index. And for some reason, let me see, what charts am I showing? White background charts. For some reason, Miles, I'm unable to pull up the banking index of VKX on my white background charts. So if it's okay with you, and the VKX, I think is the NASDAQ. I'm just going to deal with the XLF, which is the financial sector for the S&P 500. And your specific question was, do I see, in essence, any kind of a bottom? And when I take a look at the daily time frame, I do not. I don't have any kind of a TD9 count bottom inside of the XLF. So let's go start with the monthly. The monthly has an arrangement of indicator top, but price is above the top of its profile, so it's real signal to us is neutral. On a weekly basis out here in the XLF, I believe there's a new profile that's for me. I'm going to pop it up on my black background screens out here just to make sure. Yeah. So $3,608 is the next level of sport. So you've got price consolidated with inside the weekly profile. And at this stage here, it's bearish in structure. So price should be able to make its way down to about $3,608. As we look at the daily time frame, $7,000. It shows a TD9 count pattern, but if price were to close where it is right now, that pattern gets negated. So you've got no bottom signal there. Nothing on the 195 minute chart. Price on the 130 coming back to a breakout level. So you understand why price stopped at about $3,699. Could that be a bottom? Yes. But I'm going to go back to the daily time frame. And so as long as miles, as long as price remains below that red oscillator and change line, the charts are saying no bottom with regard to the XLF. And if anything, looks like the XLF probably wants to go target the swing point low from the trading day of March the 8th. There were 114 million shares that were traded down there. So pretty decent volume, but no, I do not have a bottom signal for you. And you say the four hour has a positive divergence on the, well, you're looking at the BK and I don't have the 240 minute chart, you know, for an index or something in a cash indexy or a ETF for an individual stock that's trading the six and a half hours. I really prefer to use these time frames, 195, 130, 65, 30 and 15. And the reason is because they're equally divisible into a six and a half hour day. And therefore the bars that I look at, the bars that Stevie attends, I like to have all the bars being the same length of time. We'll be right back. Fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with, become an apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com. 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I bet you we had a few requests to take a look at the financial sector, the second one coming from Hector and Patty. And Hector wants to take a look at Wells Fargo Corp. So let's go take a look at Wells Fargo. He mentions an A to B-equal CD pattern out here. So let's just take a look at Wells Fargo and see what it is that we can find. The first thing is Hector and Patty. There's a new profile that is formed today. So your new level of support is 47.25, and your new level of resistance is 49.27. On a weekly basis, price is pulled back and it's tested and it's rejected the bottom of its bullish structured weekly profile, as well as a trend line. So that looks good. That would be bullish. And on a monthly basis, price is pulled back and tested at the top of the monthly profile. Old resistance that perhaps has become new support. So let's go take a look at the other charts here for Wells Fargo. Instead of looking at the eight panel, just take a look at things one at a time out here. On a daily timeframe, boy, a daily timeframe. No bottom signal other than maybe a double bottom test out here, but prices right at its oscillator and change line, you need to close above the top of the profile to suggest that this thing might get back to its TD-9 count top out here that took place on March the 23rd. But with regard to an A to B equal CD, I don't have any kind of A to B equal CD pattern. The one that I would draw would take price down from 60 to about right around 30, 30 debuts or so out there. So I'm not going to draw that A to B equal CD pattern in because we don't have it yet that suggests that that's a pattern that is going to form. But on a daily basis, I don't have a bottom signal for Wells Fargo. On a weekly basis, look, price can pull back to support, which it's doing in the case of the weekly timeframe, but no bottom signal there. You'd prefer to see that, but it can be a bottom signal. But typically Hector, how I like to do it is if the weekly is pulling back to a level of support, it's a daily timeframe where I like to see that bottom signal. And we really don't have that out here. If I looked at the monthly timeframe chart, the other positive, remember we talked about how price was trading above the top of its profile. The other positive is last month, price pulled back and tested and rejected that green oscillator and change line. So that is actually a bullish signal out here. Maybe over the long haul, just like Miles is looking for a bottom in the banking area and sector, Wells Fargo is giving us some optimism that that may be a likely event. Five hour timeframe chart. I don't have much for you. Nor do I on the 240. Nor do I on the 120. Again, I'm using not using my normal eight panel charts out here, but getting looking for signals. There is a roadsman to indicator bottom on a 120 minute chart. That would suggest that price could make a move to 51.76. 60 minute chart says you're in bar number eight right now, but there's not a TD9 count topping signal just yet because it has to make a higher high. And the 30 minute timeframe chart looks pretty good. Actually looks like this wants to make a run well as Fargo that is to about 49.47. So hope that helps you out 49.27 is your next level of resistance. That's the top of the new daily profile. Patty and Hector, thanks much for writing in and have a fantastic weekend. Appreciate, appreciate all your comments. We had a request inside the Tigers then from one of the G seven members out there and G seven wants to take a look at some of the some of the shipping stocks. So one of the stocks that he mentions is he you are in. So let's go ahead and get that puppy up. This is your own nav. Your own nav is trading back to a recent high that recent high that took place back in January of 2020. The high was 1321. The high so far this month is 1319. So pretty easy. If price can take that out, that would be a bullish outcome. Let's take a look at the white background chart. See if there's any other signals. Voila boom bang. There is nice nice bottom out here. Roadsman to Mindicator bottom back on January 24th. Today is going to become bar number eight of a TD9 count. So G seven pattern wise, this should form a short term top between today and Tuesday of next week. That short term top should take price back towards or to its oscillator and change on its currently printed 1158. Not going to make a call that it's going there just yet, but it looks positive today. Looks like you should see some higher highs. But you could get a top that forms at least short term between today and Tuesday of next week. When I look at a weekly chart for E U R N looks very very bullish. Price has taken out a prior level of resistance could even be or should be an A to B equal C to the upside. If it's got the volume, we'll check on that in a moment on a monthly timeframe chart. As we pull this back now, 1371 is the magic number. 1379 is resistance 1371. That is a TD9 count breakdown resistance that takes us back to January of 2016. So that's going to be your real key level. Now, I mentioned today to be equal seeding the upside on the weekly timeframe. That's if the swing point has been taken out with volume that swing point had volume. This is the swing point from the week that began October 18 7.6 million shares. You're at 25 million shares already right now. So that is up and taken out that A to B equal CD pattern gives us price projections. That price project. I'm going to use the conservative one. The A point that I'm going to use here is the bottom of August 9th. The high is going to be the top of October 18th the week that is and the bottom of January 20th. Well, you're already past the one to one. That's that's a 90% that's not that's not an A to B equal CD. Sorry. That's just not an A to B equal CD pattern. So I take that back. I should have visually seen that before I started that exercise. I didn't. Oh, well, but it does look like this wants to move higher with the exception of that TD9 count top that should form on the daily timeframe. You also wanted to take a look. Oh, you wanted another one, which one was a sting out here, not the performer STNG is the ticker symbol, not DSG, STNG. See if Stevie can type. I don't see what this is doing. So it's somewhat similar, but not exactly. So on a weekly basis, G70 can see that descending trend line. There's your level of resistance that is lining up with the top of the monthly profile, which is at 2185. You're 2199. Let's go take a look at Sting's white background chart just daily, weekly out here and on a daily timeframe. It looks good. You've got no topping signal price above. Well, you did have wave number seven. I take that back. So what you need to see out here is price needs to close above 2240 to tell you that that pattern has been negated and you're headed higher. But right now the signal is neutral to bullish on a daily timeframe. The weekly chart out here, well, you actually had a TD9 count pattern that formed last week. So that's your resistance level. So what you're really watching for here is that 2240 level. If price closes above that on a weekly basis, then you're headed back to its prior highs, those prior highs being the week of July 2nd and the level of 2467. So you've got a weekly top. You don't have anything on the daily. So just pay attention to it. What you're looking for with regard to the upside move is a close above that last week's high out there. So hope that helps you out with regard to both Sting and EURN. And thanks so much for taking the time to write in. I believe we've got a caller on the line. It is John in Philly. John, thanks for calling. Thanks for holding. How are you today? Hello, Steve. Thanks for taking the call. My pleasure as always. Great. Wanted to ask you, sir, the NASDAQ 100 futures currently that June contract is at 14,400. My question to you, sir, is what do you see as the potential or what are the odds, is it likely or unlikely that we make new lows on the session under, I think, the low today is 14,312? Yes. And the more important question is, if that breaks into the close today, what sort of downside projections will you be working with, please? Okay, so here's what we know. We've got music in our ears. And that says that Stevie has three minutes to figure out the answer for John and Philly. So that's what we're going to do. And so we'll be back in just a few. Please stick with us. Of course, I'd love to hear from you as well at 877-927-6648. We'll be back with John and Philly in just a few. 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His question is if we break the lows of basically yesterday or today, what would be our next projection to the downside? And John, you know, I always like to be able to deliver to you a very succinct answer. In this instance here, it's not going to be a succinct. And the reason is because I don't have a clear breakout level or area of support that I could identify what I can share with you at first. And let me just do this. Let me just pull this chart over. It's the five-hour timeframe chart, John, that I'm focused on. That's a timeframe that you like out there, a little bit larger. So we're not going to get the total play-by-play out here. But the reason I like right now the five-hour timeframe chart is because this did form a TD9 count bottom that is still in effect out there. And it remains in effect unless we see a close below 14, 394.74. And that's the bar from 5 p.m. on April the 6th in the low out there. That is the low that we were looking at. If we see a close below that, then the TD9 count pattern gets negated. And right now we're trading at 14, 397. And this bar here closes at 2 p.m. So we'll know or you should know, you'll have some information in about 17 minutes out there. If that level holds, it's not like I'm saying I'm expecting some huge move to the upside. It's just that support will have held. If it fails, if it fails, then what I would be looking for, because of the five-hour timeframe chart, it's not where price would head to today, but then what I think is we'd be looking at an A to B equal CD to the downside. And so when I go to that set of that chart out here, the A to B equal CD, and I'm using kind of the conservative one, would take us down to about 13, 761. Now I'm going to open up the five-hour chart again and see where is the next breakout level here. Well, the next breakout level is way down at the 12, 942. So we're not going to use that. I guess the only other thing that I would look at, and you've already done this, I'm sure, on your own, is to take a look at retracement levels. And if I look at, do I have that somewhere? Well, it's pretty easy. We're going to do it right here right now. And the retracement level is going to be from the low out here. We'll just use that five-hour chart, that low from back on March the 15th up to the high that was put in. And this is right around the two-o-clock timeframe on the 29th. It's only been a .382 retracement. So another real key level that this is dealing with. And this suggests that you need to see a close below 14, 317 to get that lower price signal to us. And then the target would be the 13A31 level. So that's the best that I've been able to come up with out there. I know you'd like more and I'd like to deliver more. This is all that I can deliver. What say you? What questions do you have, if any? Or what additional information can I try to find for you? Steve, I thank you for that work. Do not feel at all badly that you can't deliver more. You know me, I do my own work and then compare notes when I'm coming up empty or short of what I like personally. So I did my exercise, came up short personally. It's actually hard to know you've done the same and come up frankly unsatisfied yourself. So we always can't get answers to the questions we want. So I appreciate the exercise and who knows if we're going to make lower lows into the close. I'm just trying to get prepared in that event. Sure, sure. So if the NQ is going to make lows, the question is will the ES follow? And so the ES, really the ES and the NQ for the last couple of days have been pounding the bottom of profile support and that level is at that 14391. So my assumption would be close below that profile level is generating some kind of message to us. The problem is we've got conflicting messages here because while the NQ might do that, the ES isn't anywhere near the bottom of its profile, which is 4452 and the Dow is quite a ways away from the bottom of its profile 34320. So I just think we have one of these days where it's partly cloudy. It's not clear to me. Right. And Steve, I'll just repeat for myself, you and your listeners recall this. When we look at the NQs and the S&Ps, we often say, well, the NQs are much weaker than the S&Ps. Be very clear. The standard and pours, frankly, is just half the NQs plus half the top 100 in the NYSEs. And of course, we don't have futures for the NYSE, but we can take a look at the New York Stock Exchange Index and its largest components and see, as Basel Chapman documented very well this week, a large rotation. So we're seeing selling and liquidation of those large NASDAQ names and we're seeing some real strength in some New York Stock Exchange names. So we've got this divergence and this rotation. If in fact the NASDAQ breaks, the S&Ps are going to follow to some extent merely because the S&Ps are half NASDAQ and half NYSE. So I hope that little observation is of some benefit, probably not. But we'll see what happens as we close and have a good weekend, sir. Thank you. Absolutely. And John, always thanks for calling and thanks for sharing with us your thoughts out there. That was John in Philly. Let's go to our next question and the next question is coming in from Mike. And Mike writes, and this is Mike in New Hampshire, can we take a look at URA? So we most certainly can. That is Uranium. I think we saw on the charts or actually the opening of the show that Uranium was trading higher. So we take a look at URA, straight above the top of its daily profile. Mike, that's at 27.19. Straight above the top of its weekly profile, consolidated with inside the monthly. So my initial estimate of where price is going to head will be $30.16. Your question is considering a long trade and wondering about a possible entry point in long term resistance areas, I think it would reach 36 to 40. Well, $30 because of the top of the profile, for sure. I mean, I think that is absolutely in play. Let me get to my white background charts out here, see if we can find anything for us with regard to URA. If you give me just a moment, of course, you don't really have a choice, do you? And we'll take a look at the daily, weekly, and the monthly timeframe. So you're looking for an entry point. And I hate to hear because it's got no topping signal, no topping signal at this moment. It would need a bearish reversal candle and then you could have a roadsman to Mindicator top. We don't know if that will form or not. It's taken out its wave number seven. It did that yesterday. It looks like $30.92 is where price wants to run due. But is that, are you a momentum trader out there? The pullback? Where would you be a buyer of this $25.53? If it could get back down there, the bottom of the daily profile, but I don't have any signals to suggest that that's what's going to happen. Here's the reason to stay, you're looking for a long position and just spend more time looking for a long position because you're in bar number eight on a TD nine count. You're also happened to be in wave number four. That's letter D. Basil always likes to believe that there's something else that might happen when you get to that area. So you got two potential topping-ish type signals that say uranium should top between this week and two weeks from now. So that says just be tight. The monthly chart not helping us, nothing to suggest that it won't get to that 30-16 level. But other than an interday move to the downside, I don't really have a good entry point for you. Those entry points will be $25.53, $26.36, $26.73, and $27.19. Steve Roach with TFNM will be right back. 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Go to TFNM.com and hit Watch Tiger TV. That's TFNM.com and hit Watch Tiger TV. Welcome back folks. We've got three stocks to get through in about two minutes time. The first one is Blackstone BX as the ticker symbol. The individual is looking for an entry price. When we take a look at the daily time frame, you're going to form bar number five today. Price is just consolidating with inside its daily profile. Your likely entry area might be in the 108 area. I would watch for a test of the swing point. That's the bottom of its profile and that would be testing the March A swing point out there. So I'd watch for that and ideally you'd like to see some kind of TD9 count bottom form, which might take place next week. So I'd be patient on BX. That is Blackstone. When I look at the weekly chart out here, I don't see anything else that's going to help us there. So that's we're going to go with on the daily time frame for BX. The next ticker symbol that we're going to take a look at is BTU. And this is also looking, the individual is looking for an entry point here. This is trading above the top of its daily profile. No topping signal here. So it looks like it wants to continue to move higher on the daily chart. The weekly chart is signaling the same, but the price is dealing with resistance. That's the top of its profile to close above 2728. You're 2723 right now, but a close above 2728 would be a bullish outcome. The monthly chart for BTU is telling us what it's telling us wants higher price. So everything looks like it wants higher price. You'd have to find some type of pullback. Your entry point could be as 2685, but the ideal area I'd have to say would be 2319 to 2449. The last one is an entry point for ticker symbol BGRY. And we pulled this over here. The answer is going to be not as zilch, zippo, nothing. Yes, you are absolutely correct. If we take a look at the daily timeframe for BGRY, yesterday was the completion of a TD9 count bottom. So you could take an entry, but boy, when I look at the weekly chart here, it says, Hey, Steve, what are you even thinking about? You're below your TD9 count breakout level. You're below the bottom of its profile. If anything, the daily says just a counter trend move. And on the monthly timeframe, you're below the TD9 count. So the point here, the reason that we go ahead and we use these multi timeframe charts is because we really can't just look at one timeframe and get a clear picture as to what the market is doing. So right now with regard to BGRY, shouldn't you expect a counter trend move? Absolutely. Is it the type of body you want to buy into? That's not what the weekly and monthly charts say. Folks, thanks much for being here. Stay tuned for great shows. I'll see you on magical Monday. Have a fantastic.