 The following is a presentation of TFNN The Traders Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good day folks. Welcome to the November 19th, the fantastic Friday edition of today's Traders Edge show I'm your host Stevie 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. Hey, let's make sure we have an extraordinary one the easiest way to do that It's to always remember that life is happening for us not to us That's right. We knew not to make that one little two-by-four shift Well means we can find a 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 on 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 Just past one o'clock in the afternoon, but really it's just past eight o'clock in the morning So if you're listening in at the normal time frame normal time frame slot We're going to make this show as pertinent as we can for you And of course if you're listening live live, we would love to hear from you So a couple different ways to do that you can give us call 877-927-664 if you can't call in Or don't want to talk on the air would have you I get that now You can send me an email send it to Steve at tfn.com and inside that subject And if you put radio show question that would be a great thing of course our Tigers didn't 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 last show right now as we take a look at US futures We've got a little bit of a mixed bag here the dows off 230 the Nasdaq's up 77 the S&P's down 12 the E-mini Russell's off 32 That's one of four tenths percent to the downside spot politics as well above its 50-day exponents moving average So we're going to take a look at that look at what happened over in Asia last night a mixed bag there You had the hang saying off 269 points We'll go figure out what that means and the NKF 147 about a half a percent The in Europe this morning the DAX and the a footsier trading lower We'll go figure out what that means gold's up a buck 50 You got the US dollar index up by 673 ticks and I've even got a 10 minute delay on that So maybe even a bit higher Silver is down 12 cents Lights we'd crude is trading out at 75 85 that is suggesting lower price We're going to take a look at what all those in fact Let's begin by taking a look at what does some of these things mean out here So how does Stevie begin this morning? You've been through this as we do some of these Friday morning shows out here We begin by taking a look at what was really going on overseas. We're gonna get the international market charts up momentarily I'm gonna change screens here. So just give me a moment to do that And as soon as this pops up in the upper left hand corner, what you will see is the Shanghai index So the Shanghai if you take a look at what it did yesterday or what it's done So first of all the Shanghai has a TD 9 count bottom. It's got a buy the D point bottom That was formed with that hammer Ken. It's got wave number seven. That's letter G So it's got just a little bit about everything here now prices above that oscillator and change line There's actually an a to b equal cd to the upside But the resistance level here for the Shanghai is in the 3762 area the hang saying The hang saying also has a TD 9 count bottom But price yesterday less the or this evening not this evening last evening this morning I'll figure it out. Don't worry. It's early for me Not that early, but price is below that oscillator and change line with 25 to 41 So that suggests that maybe price gonna pull back and test that swing point. It's already inside that swing point So it may test the bottom of that the Nikkei the Nikkei test and rejected that green oscillator and change line As long as price remains above that then the a to b equal CD pattern that's drawn in here That takes price up to the 30 600 level remains in play now If we take a look at the DAX the DAX went ahead and formed a TD 9 count It did that two days ago. It was in the bar following bar number nine So that high is a key level right now What we're seeing is prices pulling back is trading below that green oscillator and change line That suggests to you and I that the DAX should go to if as long as a close to below 16 164 It should go target 15 985 now the reason we want to pay attention to DAX is because in this divergence here We've got our NASDAQ trading to the upside and the NASDAQ in the DAX have a fairly good correlation out here So while the NASDAQ looks bullish This is at 8 10 in the morning at 1 10 of the afternoon I'd be curious as to how it actually looks so the DAX is saying we should expect the NASDAQ to pull back But we'll take a look at the NASDAQ charts to see if we can figure that out It's provided us with that same kind of message in any event as long as the DAX is able to hold 15 985 I'm not saying that's in jeopardy today. Although it could be but as long as price holds that it will remain Well that would that could be the buy point that could be a buy point on a pullback the footsie The footsie has a what has a sell the d-point pattern out here Praise below that oscillator and change line the target area for the footsie on a move lower is 69 95 See we got you know markets that are suggesting to move lower markets internationally suggested to move higher out here We don't have any kind of a Uniform message if we take a look at the US dollar index, it's moving higher It could easily form it a TD 9 count pattern today in order to do that price has to take out the high and that high is 9627 it does not need to close above the high it just needs to take it out Move above it if it does that then we will have bar number 9 likely and so that could be a topping signal It doesn't show on this chart But price is trading into or around the top of its daily profile the euro Yesterday formed a buy the d-point pattern it did that when it let me just expand the chart out here It's probably difficult to see but if we take a look at the euro One it has native equal CD to down pattern out. Whoops. Sorry about that to me to do that. I meant to do this There we go. So you can see the a to b equal CD that I've drawn in here I've just got the a to b in the c2d leg and then yesterday the candle that form was a bullish three river morning star Now the support level on that is being tested. That's low of the pattern. So that low is at 1.1 to 6 3 if the euro closes below that it will negate that pattern But it will form bar number 9 of a TD 9 count to suggest that a bottom could form today or tomorrow so if in fact the low of the 300 morning star holds and you get a TD 9 count This is a pretty good indication that we should see the euro move higher that would mean strengthen and then the dollar move Lower out there. So let's see how that plays out today The yen has a confirmed roadsman to indicator top it did that about two days ago Price below that oscillator and change line suggest to move back to its a swing point from November the 10th That being about the 112 area. So before we leave these charts, what do they tell us? I think the most important thing and the most important signal really comes from the DAX because of its Correlation to the NASDAQ which is trading up about 73 points right now at 8 13 in the morning So let's go take a look at the NASDAQ. Let's go see what it's a eight-panel charts Multi-time frame charts are communicating to you and I so give me a moment to get over there Trading NASDAQ NASDAQ get an actual gas. Here we go. So now what we have is we've got a monthly weekly daily Then we drop down to the intraday time periods the 30 the 60 the 120 the 240 and the five-hour time frame So we're looking for here. So on the daily chart now, just expand this out So what took place yesterday was the NQ negated its topping signal that topping signal was that TD9 count pattern and price closed above bar Number 8 bar number 8 was priced out at or the high was 16 448. We closed above it. We're trading above it right now So the NQ does not have any kind of a topping Signal at the moment. It's triggered a rose metamindicator pattern That's that the black diagonal line and if we do get a bearish reversal candle You could get one today if we do get one and we see a close below that oscillator and change line at 16 395 That then is going to suggest. Okay, we've got a short-term top We could see price pullback to about the 16 0 20 level out there So that's what's going on inside the NQ when we come back from this break We'll finish looking at these charges looking at the short-term time frames Try to identify for you some levels of support to be looking at at 114 in the afternoon Steve Rhodes with TFN We'll be right back What's separating you from the most successful men and women on Wall Street? 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You were born to be TFNN educating investors Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks Chew out here. We've got our eight panel charge now when in the reason to take a look at this eight this eight panel set of Charter this is very helpful to me at least and trying to understand what the market is communicating to us So we know that inside the NQ We're paying attention to it because of the way that the DAX is trading Of course, we'd be paying attention to it as well And so we're trying to determine is do we see a big turnaround here in the NQ? Kind of similar to the DAX holding its TD9 count now as we mentioned There is no topping pattern right now in a daily time frame for the NQ but what I am looking for based upon that NASDAQ Correlation to the to the To the DAX out here. I'm looking for some topping signals So what I'm looking at are these multi time frames and the 30-minute charge where we'll begin so on the 30-minute chart This is courtesy of Basil Chapman's wave out here This is not the Basil this is not the Chapman wave just one element of it Which is letter number G letter number G is wave number seven kind of like a seventh inning stretch at a baseball game out here So that's the top that is in place now What has transpired since that top is nothing more than a consolidation sideways the current profile bottom is 16 5 27 So if you see two consecutive 30-minute bar closes below that level that suggests lower price now the lower price area target Inside the NQ here short of some type of bottoming pattern for me I don't have anything to suggest that at the moment its price target would be that 16 3 36 area That's the TD9 breakout level. We can see how well that breakout level held Yesterday so that's what we'd be looking for but first price has got a close below 16 5 27 now This is a 30-minute set of profiles. It's 8 19 I guarantee you by 1 19 in the afternoon these profiles aren't going to mean a whole lot to you But you can at least use that as a marker I suppose to try to understand what the market is communicating to us. We don't have a topping pattern on the 60 minute We don't have one on the 120 minute We do on the 240 in the 5-hour chart both of those are TD9 counts now in their case I'm going to go to the 4-hour chart first on the 4-hour time frame chart You can see that there's a new bare structured profile that is formed. Maybe you can maybe you can now this I'm sorry I take that back. It is not a bare structured profile It is a bowler structured profile, but more important than that and this is the odd thing Maybe it's not odd, but this profile form below price. That's a bullish message out there That is a bullish message. So even though we've got the topping signal price above the top of that daily profile It's a signal is neutral now the cool thing about the TD9 count is that if price closes above the high of that pattern in this case here That level mark this down is 16 590 if you see a close above 16 590 you can forget about the correlations of the DAX Because this is telling you it wants to continue higher and we take a look at the weekly time frame charts for these Equity futures contracts. They're all pointing to higher price out here But so this is what I'd be watching to the upside I gave you that level to the downside the top of that profile is at 16504 if price can close below that Then that's going to signal you could easily see move back to three areas that I'll give you 16 418 would be the first 16332 would be the second and then 16 282 75 would be the third and that is the TD The final one was the TD9 count breakout level if price closed below that that says that there's some problems in River City No reason for us to really go take a look at the five-hour time frame chart It's there on the screen. You can see it, but it's the four hour That's provided you and I with the best information right now Which is that new profile that has formed and so that's what you want to keep an eye on so I think we have the parameters pretty Well established out here with regard to the NQ. No, look at excuse me I did mention that the weekly time frame charts are suggesting higher price So let me you know not confuse anybody. Let me show you what I mean by that We're going to shift back to my black background charts and here You'll see the weeklies are for each of the equity future contracts So you got the ES in the left You've got the NQ right next to it then the Dow and then you've got the Russell 2000 So as we take a look at what's going on right now, you'll see a to B equal CD patterns to the upside Now these are conservative a to B equal CD patterns to the upside So the ES mini over time is suggesting to you and I that price you go target 47 89 Perhaps it goes up to the 49 33 level if we take a look at the NQ the NQ is above You know yesterday's high. So is the ES or it's not traded above the yesterday's have it to take out yesterday's high That's kind of a bullish signal out here But in any event the NQ you can see its price target is up at the 17 170 level and I would harken to say that that's not where price is headed to price is more likely headed to 17 932 why would Stevie say that look the a to B equal CD pattern very powerful provides you and I with a ton of information What are those pieces of information? There's two pieces of information the retracement on that Be this that be to see leg when that retracement is less than a point six one eight retracement. It tells you that there's a lot of pent-up Movement to the upside out there that when that releases. It's just like here. Here's the here's the idea It's real simple. We've all done this as we were kids Maybe as adults out there maybe do it right now Maybe somebody's doing as we speak and that is you take a rubber band and you wrap it around your finger You wrap it around that index finger as tight as you can of course it flow Closes off the blood flow. I don't do this for too long But what I want you to do is just think of in your mind even if you just do this visually in your mind Just back it off only 38% and then let it go Compare that energy to doing the exact same thing and back in enough 61% 61.8% and letting it go which one has the most energy the one that has the lesser retracement Well, that's how it also works in a to B equal CD land The other thing that we take a look at is the which side of the C to D leg is price trading When it's on the left side on an a to B equal CD to the upside it tells you are on the strong side So on the ES mini and the NQ price is trading on the strong side out here in the Dow not so much Although we could adjust its a to B equal CD better. We probably should out there But I'm gonna leave this one that is in place price remains above the top of that weekly profile So that's something for you to watch today because a price closes back below that area and that is at 35 388 As we come into the close today, that's going to suggest some potential problems out here We'll deal with that when that happens inside the Russell 2000 the Russell 2000 On a weekly base, you can see the consolidation and right now prices pulled back It's testing in essence the top of that consolidation Where does price really need to close above today to maintain that consolidation? I think for our purposes, we would use the top of that weekly profile 2317 So as long as price remains above 2317, we're going to say that consolidation pattern remains in place What happens if price closed below that that tells us that you know what we've got a False breakout and if we've got a false breakout in the Russell 2000 Perhaps we have false breakouts in all four of the equity future contract I think not but that is a possibility and something that we will certainly look at If price gets back into those areas out there. So that's what's going on But inside the equity markets, but we do have a couple of questions that have come in one of the tiger's den And two by email. I'm going to go to the first one that is coming by email This is from Brent in Martinez, California. Simply because we're talking about the Russell 2000 And I believe that's what he wants to take a look at as well. So what I'm going to do here is do a little Quick dance step if I can find it. I'm going to get to my Russell 2000 charts And I'm going to change screens for us. We're going to go back to that eight panel Look up out here so we can see what's going on for multiple timeframes And now let's read Brent's question Brent says could you look at the rty Russell 2000 equity future contract for any bottoming patterns On these shorter term timeframes. I know it was testing the top of the consolidation yesterday and again today Yep, I would be trading IWM the monthly expire today looking for possible. Okay. Just looking for a possible day trade Perfect. So we know the we know what Brent is looking for and he's looking for some type of bottoming signal Well, the bottoming signal we're going to first look at the 30 minute time frame chart And what we have out here is a valid TD nine count. Now, how do I know that? I know that just simply because of the Chapman wave letters that are out here And I know that bar number nine made a lower low So Brent if you're looking to take a trade what you want to watch for is Now this current bar closes in about three minutes So at this stage with price not really targeting the bottom of the last 30 minute bar The key level to be watching here is 23 28 50 As long as that level holds what you should see on a short term basis is the Russell 2000 bounce up to at least 23 45 If price can get above 23 45 I'd say 23 56 might be the next level out there Let's continue looking at the Russell 2000 soon to get back from this break out here. Folks. Thanks for joining us It's 8 26 in the morning for listening at 1 26. Thanks much for doing so We'll be back to the normal programming hour on Monday. We'll be back in just a few moments Are you looking for a way to consistently add winning trades to your portfolio? 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So we're taking a look at the russell 2000 really short term some inter-day time frame potential trades here for brent In california now the last bar that just formed just as we were coming back on the air was a bullish hammer candle So it's telling us that it's a signal to us is that buyers are attempting to form some type of very short term bottom But brent I don't know the price really going to get above that oscillator and change line or close above it Of course How could I even make that statement? Well the reason why I say that so we're looking at potential bounce about the 2343 level and the reason that I say caution at this stage here is because if I look at the Four hour in the five hour time frame charts, they have negated their td9 count bottom patterns out here That's a dangerous thing, you know, so the daily's got an a to b equal cd to the downside We'd be looking for a bullish reversal candle to confirm that pattern Now that would be nice if we could get that as prices testing that breakout level Or the consolidation you know breakout area, but you know, whether that's going to happen Today or not it could you could absolutely you get a bullish hammer candle at the end of the day So but right now as we speak, it's only a 30 minute chart that has any kind of signal for a potential bottom So I just would say cautious. Do I see a rally or a bounce up to that level? Sure But we'd have to see what's going on inside the e s the nq And the doll equity future contract as well. So I hope that that helps you out Thanks so much for joining us so early brent is up into 5 30 in the morning out there And he sent that message around a half an hour ago or so. So that is a beautiful thing. That's a wonderful thing Now let's we've got a question that came in inside the tiger's den So kind of just shifting around I wanted to make sure that we get to everything And I apologize. I don't recall who asked me about this. It's been scrolled past my screen out here That doesn't really matter But let me get to the set of charts here That we're going to look at so give me a moment. We're shifting off of That screen we're going to another one. We're going to go to our black ground Black background charts and this question is about diamond back energy ticker symbol there is fang And the individual here is looking for an entry into it. So here's what we know Price yesterday price the day before tested and rejected the bottom of its Buller structure daily profile 106 87. So That could be a a binary I can I can tell right now just looking at chart Well, we don't have any kind of bottoming signal on the daily time frame. I'll put on my white background charts So the the question becomes for somebody looking at for an entry point, you know, do you want to buy support? And so I would say you could buy it here. I don't know it's trading that where it's going to open up at 9 30 But you could buy this here and if you saw closed below 106 87 You just immediately close it out because that would be a close below support granted You'd like to see two consecutive closes at this stage here Where you've got your backup against the wall if that level fails based on it holding the last couple days I wouldn't want to remain long. So so that's one possible area Now let's pull over the white background charts because the the weekly and the monthly aren't helping us They're bullish by the way price above the top of their profiles But back to the daily time frame and here on the daily time frame Even though we have a roads meant to mitigate our pattern signal We've never gotten the bearish reversal candle to confirm the uh to confirm the top out here So what we can really see is sideways consolidation and you're back towards the bottom of the consolidation that again Also suggest if you saw closed below 106 87, you know close that trade out because you could pick this up at maybe 81 81 That would become the next downside price target on the daily on the weekly chart You can see price has it you've got a td9 count top prices held the oscillator and change line So here's another good piece of information for you should you decide to take that trade Because if price closed below the bottom of that daily profile and combined close to below 106 28 That's the weekly oscillator and change line That's saying you don't want to be long fang because you're going to be able to pick it up cheaper Cheaper where could be 94 or 2 could be 77 45 could be 7505 Those would be the areas that we'd be looking at that's not the message right now because the message is that price is held And so on a weekly basis, it's neutral on a daily basis It's uh, we're going to call it neutral as well neutral to bullish and on the monthly time frame What fang says is hey, I don't know what you guys are talking about I'm headed back to the highs in the 140 level because last month what fang did was it closed above its td9 count top out there So that's what I see when we take a look at the td. Uh, we'll take a look at fang one last chart here I've got to the 30 minute chart see if there's any signals out here Nothing that I really have to assist us in this trade But if you're looking to get into it, uh, no bottoming pattern other than the consolidation other than testing the bottom of that daily profile Your back is up against the wall It's an easy place to go ahead and place a trade and then close it out your price closed below the support level So I hope that that helps you out with regard to ticker symbol fang As long as we're here Let's answer the last question that came in there may be others that coming I'd hope there would be this one is from hector and patty hector and patty say happy fabulous frosty fosters friday So we know what kind of beer hector likes and I would be more than happy to join him in on a fosters But what he wants to take a look at is not in this kind of early for me to have my first beer Actually, I don't drink much these days after uh, kovat It is it kind of screwed up the taste buds out there And so drinking rubbing alcohol, which is what all liquor basically tastes like to me at this stage here It's not very fun makes you not want to drink is what it does Not that I was a big drinker to begin with but maybe even my sake Which is really a bummer in any event. Let's say get back to hector's question We don't even have this question was well, we do now it's about micron technology and hector's question goes like this Micro emu we loaded the wagon a few weeks ago on emu. Well, that's a beautiful thing Price right now is above the top of its weekly profile on a second close this week about 75 88 That would be a nice message for you hector because it says price should head to 81 21 Oh, let me get emu going on my white background chart. So let me finish reading the question here I kind of cut hector off if you didn't know and reading the question But here it says please work some OUL resistance and support on a daily and weekly basis Also, do you see a viable a to b equal cd bottom inside of micron technology? So we can go back and take a look at that that that bottom and the answer is sure Here's the a to b equal cd and i'm just going to look at it on the weekly time frame That's okay with you and so yeah hector just said yeah, it's okay with him So here's the a to b equal cd to the downside So the a point out here in the trading session the week that began April 12 2021 our b point is going to be the low of may 17 2021 And then the retracement is up into the high from the week of may 31st So here's our one to one it's completed It was confirmed two weeks ago with this little bull sash can't bull sash candle on the weekly basis out there A bullish engulfing candle bull you know either one bullish engulfing candle And and now with price above the top of that profile. That's a cool thing No, that's set up a gertly by pattern So I don't do this too often But but we're going to do it because it makes sense because hector asked about the a to b equal cd pattern Now the cool thing about a gertly by about gertly by pattern, which in essence is what this created Is it all gertly patterns have five different potential outcomes? So we're gonna. Whoops. I gotta get to the right tool out here Give me a moment back to the default and what we're looking at our retracement So the first four levels of a gertly by pattern Become the retracement areas the retracement areas that steve uses are the point 382 Well, we can take a look at on a weekly basis now is what we're looking at We can see how micron is sitting right at the point 382 retracement So that's at 77 62 now oftentimes when you get to that level kind of think of these as elevators Some people get off the floor So if they're getting off the floor what you want to watch for here hector Is you'd really like to see price close this week? Above the top of that profile 75 88 What happens if it doesn't if it doesn't close above that it says last week's move was a false breakout That's what it tells us we have to go back to the daily time frame charts Take a look at things the next move should this continue to move higher right now That's the message would be the point 618 area and that's at 8501 the third level would be the point 786 retracement 90 26 and then the fourth level would be the 100 percent move of move get back to 96 96 What's level five level five is that that? Currently by pattern set up the c-point of an a to b equal cdp upside What would that look like stevo in the case of micron? Well, that's pretty easy We'll just do the conservative one. We'll start with the swing point from august 17th of 2020 We use the high that was back in april and when we use the low of this pattern and the one to one Would take us to 1 20 38 is stevy saying that's where it's going No, all i'm sharing with you is when you get a gartley buyer gartley sell pattern Know that there's five different potential outcomes that you're looking for now what hector was looking for So i'll be right back Are you having 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 The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk free with our 30-day money back guarantee and become part of the tfnn trading community Educating investors Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property from maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 call us today 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 etf's china a shares in either direction Visit direction investments.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 eight six six four seven six seven five two three 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 four-side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Folks, hey, can you believe we less than a week for till Thanksgiving out there? You know one of my Thanksgiving stories now just kind of reminded me Of it by jimmy d and the tiger's den wrote down early versions stevie sun and hector In his email was a good morning early bird and I have always been a early riser now probably some of that goes back to the fact when I was a kid Um, it was I had two paper routes in detroit I did the morning and the evening a paper out the morning a route was the free press It meant I had to be up at about four four thirty something like that to Drive to to ride my bike about a mile to get to pick up the papers to deliver them To be able to get back home to be able to get to school So now my Thanksgiving day story goes like this now I had a big some of you may have even had the same bike got a big schwin Big old black schwin had the big old monkey bars So I could hold the so I could have papers on the front, you know, I had the saddles on the back And Thanksgiving as you know, well used to be I don't even know what it is anymore out here That used to be the biggest paper of the year right because at all the sales in it, uh, you know That was when everything was closed on Thanksgiving, you know, things that opened up until Friday morning in any event This one year this one Thanksgiving Detroit area. They had a big huge snowstorm So I'm riding my schwin, you know on ice and sleet and snow And uh, and as I'm riding getting back towards where I start to deliver in papers The handlebars on my monkey bars start to slide in, you know, totally compressed now I don't have any handlebars And I'm dragging those bags, right? I don't have it some there's no cell phones. There's no nothing There's nobody I can call in and what a miserable thanks and the people who got those papers I'm dragging those things through the snow, you know, they're a little bit wet out there Um, probably didn't get much in the way of tips back then But I've always been an early riser the early bird catches the worm and I don't know what's that all about I don't know. Let's get back to micron technology. I'm you out here So hector was specifically asking about the, uh, oscillator and change line So there's no topping signal that we have out here and price closing above 74 99 the td9 breakdown level That was a beautiful thing But what we can't see here hector is that that oscillator and change line changed colors about five six bars ago We've seen price kind of stall out since then what you're really looking for here at some point is a test and rejection of that green oscillator Unchanged line currently printed at 74 77 If you get that that would be a bullish signal and says that price wants to run up to the 96 82 area That's what the daily time frame chart is telling us the weekly time frame chart You asked about the oscillator and change line. That's at 73 79 So as long as price remains above that everything there is uh good So nothing else for me to share with you hector, uh, but thanks much for joining us early as well And uh our regards to uh patty They are the fuel injectors. So no other questions that I've got I don't believe there is anything inside the tigers den um Yeah, I don't see anything out there. So what do we want to do? Let's go take let's continue looking at well Let's do this here Now we're not going to do that because I'm going to do that in about 15 minutes Which is the market update, but let's do this here. I don't know what this is We're going to go take a look at we're going to take a look at gold silver Gold silver and the u.s. Dollar And uh, so first we'll do that now. We'll come back and we'll take a look at the vuzi the uzi So here with gold silver in the u.s. Dollar We talk about uh the oscillator and change line It's really important tool really helps us to understand what a retracement is just a retracement Or when it's something more if we take a look at gold, it's got a td9 count top valid top out there It also has a new bare structured profile now the real key level we're watching here is 1851 20 But what we can see that has taken place since the td9 count top is now today this morning We've seen a test and rejection of that green oscillator and change line And as long as price remains above that conditions will remain neutral if price closed below 1851 20 What you're looking at is likely to run back to 1813 60 That's what the gold contract is telling us silver Silver uh is trading below that green oscillator and change line tells us that its momentum has waned just a bit But if price closes back above 2490 today, that will get it back on its bullish ways It has a profile as well and price is testing support. That's at 24 76 So as long as price closes about 24 76 no damage out there the Dollar u.s. Dollar index trading higher gold trading a little bit higher out here. No problem But the u.s. Dollar index is doing is testing the top of its daily profile And it's trading just above it just slightly above it But in what it really needs to do to generate a topping signal is either form a bearish reversal candle Not likely to happen today or spike above whether it does that today or does that on sunday monday Is spike above 96 27 if it can do that it'll join the Gold contract with having a td9 count top out there So what's the summary here the summary is that gold is neutral silver is neutral Gold is not neutral gold is still bullish out there and uh and look in in markets You can't get gold and uh the u.s. Dollar moving higher It's really not about that correlation the correlation that's most important Is how is gold trading in all the major currencies? So we're going to go take a look at that Because it's how you know if you trade only based upon How gold is trading and then the u.s. Dollar you're going to miss out on a ton of stuff You're going to miss out on 75 of the market which is the traders around the globe How are they viewing gold and I guarantee if you're in europe you're not really paying attention to gold price and dollars Yes, you're paying attention to it, but you're more interested into how is gold trading in terms of euros out here And earlier in the day price took out its most recent highs out there. That's a bullish message for gold price and euro So we've got gold price and euros moving higher today Gold priced in dollars kind of flat that potentially lower yen lower Pounds higher so really we've got buyers and sellers out here not seeing anything to suggest Not at this moment the gold's going to take some kind of dive to the downside not that it can happen But you can see here. We've got both buyers and sellers It's very clear in those other currencies and that's something that's really important to take a look at Now let's get back to the question at hand and that one coming in from S&P and s&p wants to take take a look at tickers. I'm a v u z i That is uh, is that what it is vuzi? Yeah, that is uh vuzix corp And uh, give me a moment here if you would I need to get back to my other Chart so that I can get that rolling for us and so we can look for any kind of signals out here So that again was v u z i now the question is what just can we look at it? I know that there's more to it than just can we look at it But we are looking at it and as we look at it. What does this tell us yesterday? price closed below the top of its daily profile 1392 this has a bullish structured daily profile So should vuzix corp continue to move lower the areas of support we would be looking at are between 1018 and 1158 That's what's coming from the Daily time frame chart the weekly time frame chart says hey, I'm still bullish I closed above the top of the weekly profile last week I'm above it this week and that says you want to see you close above 1230 for it to retain its bullish look Take a look at that wide-ranging bullish structured monthly profile now on a monthly basis the month of november If we close above 1211 we're 1338 right now that would be a very strong bullish message It suggests that vuzix could make its move to 3243. So that's the bigger picture What's the shorter term picture another did the daily time frame? What kind of signals do we have out here? Well, what we do have is we have a rogement Dementicator top that formed two days ago It did it with that dark cloud cover candle price closed below the green oscillator And change lines so if price remains below 1365 You're looking for vuzix to trade back into that 1018 1158 level and as price gets downed into that area look to the short-term time frame charts Look for something like this a rogement Dementicator bottom signal for the 30 minute time frame I'm not saying that it's bottom gets it has none But right now the daily chart is suggesting that this may you may be able to pick this up at about 1018 to 1158 And that's ticker symbol vuz i that was for snp and our type is dead Steve roge with tfnn back in just a few The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter It must have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn educating investors Are you having 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 The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors Are you looking for a secured investment which pays you on a monthly basis? 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That's 877-518-9190 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Welcome back folks. Hey that black swin of mine. It did it eventually got stolen This is kind of an interesting story and and it had some unique identifiers on it And so one day probably a month or two after it had been stolen Some buddies of mine and I you know just we we found the bike. We found the guy that was riding it And um, it wasn't really a pleasant afternoon for for that kid. So I got my bike back out there Those blacks for those things were like those things were the original hummers Those of you who had then they got to go back, you know 50 years If you can but those things were great. Hey, look, let's do this for the last minute here We're going to take a look at the 30 minute equity future contracts So the dow and the russell 2000 have been the weak links this morning and each of those do have valid bottoming Signals or it appears they do We've got five minutes for the current bar and the dow equity future contract the lower left to form But it's going to form a looks like it's got a td9 count bottom It has a now going to confirm a roadsmintum indicator bottom out here With this three river warning star so price should go target that red oscillator and change line That's 35683 If price closes above that then that says that the dow equity future contract likely targets the 358 15 level or higher Unless some new profile forms So the dow has a valid bottom watch those two oscillator and change line those two being the russell 2000 as well That's approaching at 2344 level if price can clear that And the dow is clearing it then that would suggest a move to higher price now You want to also watch the nq at the same time no topping Well, it does have wave number seven. It's got a wave number seven pattern. I think we covered that Price is consolidating with inside its profiles But if price can close above that oscillator and change line at about 16 573 That's a bullish message And if the es mini can take out its oscillator and change line that level is at 4700 pretty much even steven out there That suggests a run to 4709 maybe even 47 19 So folks, thanks so much for joining me early on a friday always great to be with you I want you to have a fabulous weekend out there and stay safe And stay tuned for great program. Tommy O'Brien. He's up next and if you're listening at one o'clock You got Dave white with the power trading hour. Tom O'Brien who will take us on home I'll be back with you on monday at 1 p.m. Sharp to do the Market updates and just have a great weekend. Take care folks