 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the January 23rd the terrific Tuesday edition of today's Trader's 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 now the easiest way to do that is to always remember that life Is happening for us not to us That's right When you and I make that one little two-by-four shift it means we can find the gift in every set of Circumstance that life is gonna toss at us now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I it just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone You can dial on it at 877-927-6648 knife. You've got a question But you can't call in we've got you covered you can go ahead and send me an email send that off to Steve at TFNN.com inside that subject heading please put radio show question Of course if you're inside the Tigris then well then any in every ping will do So let's go ahead and get this show started on terrific Tuesday. Of course. This is tiger financial news network I'm Steve Rhodes welcome to the show. We got a mixed bag out there The mix goes like this is Dallas off 138 the S&P's up basically a buck Nasdaq is up 17 Russell's off 5 the Semi's are up for Traditions are down 47. I call that a mixed bag out there golds up about six bucks sovers up 20 cents like recruit up A buck 78 natural gas off 4 cents to do your treasury down nearly one point for that one 1927 leading the clubhouse to the upside It is TKO group holdings up $13 and change nearly 18% shockwave medical 11 bucks or 5% Monday comm on a Tuesday is up 5% 11 bucks super micro about 8 or 2% Gattix Corp is up 6 and a half percent $7 and change move to the downside. It is micro strategy up 18 bucks 3.8% DB X ETF don't idea what that is. We'll skip it DR Horton down about 14 bucks or 9% services First time I recall seeing that name down 13 bucks. That's off 6% 3m is down 11 We're gonna take a look at that for Duncan Steve during the show today and the Logitech International down about 10 bucks That's about a 10% move to the downside. So let's begin though with the US dollar index It's trading up for 40 points out 40 ticks right now If we take a look at the The market update chart that I use I'll just simply expand this out We can see the US dollar index has had substantial Resistance that it's descending trend line. We can see that a new profile formed a couple of days ago It formed below price that is a bullish message. We have today's breakout above this descending price Descending trend line that suggests that the US dollar index should move up to 104 66 104 66 is the bottom. That's the next resistance level that I have 104 66 is the bottom of that weekly profile now There's no a to b equal CD pattern that is present in order to do that I have to use the exact same swing point and I always hesitate to do that if you were to generate that type of pattern You'd be looking at using that January 5th swing point That would be one that you could use it would look like this That's really not the way that the a to b equal CD pattern is designed to work out there That would give us a one-to-one price projection of 104 13 to 104 81 would be the 1.272, but we're not gonna go with that. We don't need to go with that We just need to know the price is breaking above resistance and heading on up towards that 104 66 level So now let's go ahead and switch screens out here. Let's go actually take look at the euro That's about almost a 58% weighting inside the US dollar index. It doesn't mean that's the only Currency pair we need to keep track of but it is the one that you and I are gonna pay attention to right now right now On a monthly basis, you can see that well, you can't really see it that clearly But what price has done it continues to run into this little what was a rising trend line once broken old support Can become resistance so we can see that that is in fact what has happened out there now We're trading below the open of last month not such a big deal But if we do trade below last month's low close below that by the way that level is at 1.0723 If we close below that at month's end that tells us about to move back to that oscillator and change on But if you close below that then we're headed back to those lows in September That says the US dollar index would just continue to move it on up If we take a look at the weekly timeframe chart We can see that price is now trading below that oscillator and change line because it's green It just tells us about a further retracement It doesn't get it off into full bearish mode out there and on a daily time frame This is the pattern that is really in playoffs place out here in play out here That's the a to b equal CD pattern and that a to b equal CD pattern does get us back to the December lows out there The December low I'm referring to is down at the 1.0723 So if this in fact comes to fruition out here, we'll see the US dollar index continue to get stronger now Whether gold will totally weaken. I mean until that correlation breaks My assumption would be yes now the only potential bottoming signal that I now see inside the euro charts would come from the 60-minute timeframe chart which is in a bar number eight So bar number eight is going to complete at noon bar number nine must complete no matter what bar number nine just simply has to close Below the close of bar number five so for the euro this on a 60-minute timeframe We're looking at that would be at the 1.0863 level It's mostly for Peter who I know is tracking the current season tracks the euro out there So you'd want to watch for that now in other words that says that you could get a TD nine count bottom for a 60-minute timeframe between 12 noon and 3 this afternoon and that would then or should lead then to a rally up towards resistance Resistance right now would stand on a 30-minute timeframe chart at 1.0864. That's the bottom of that 30-minute profile So at this stage here It looks like the euro wants lower price out there and that will put strength into that US dollar index out there So again, we'll close out those charts and we'll go take a quick peek at the gold and silver and the gdx Not a request effect. I only have about three requests so far So I'd love more from all of you denters or if you're listening in live go ahead and send me email That's Steve at tfnn.com and Be happy to take a look at whatever you're interested in So here are the gold charts gold and silver daily and weekly for gold and on the silver I've just got the daily in the gdx a daily chart as well. So we take a look at gold's chart It's got an a to b equal cd to the downside already blew through a swing point the b point of that That was back on the 17 so far. We've seen a rally right up to that oscillator and change on that is acting as resistance We are trading below the bottom of its profile. That's what makes me believe that gold wants to make a move down towards 1979 what we're seeing going on inside of the US dollar index certainly adds to that idea and I'm not saying that gold can't get Below that level. I'm just saying that becomes the price target of the a to b equal cd and this next TD 9 count breakout level On a weekly time frame chart. We've got that sell the d-point pattern prices below its green oscillator and change line So it adds to the idea of a further retracement out there Silver has a a to b equal in fact It's got two different a to b equal cd patterns out here the large one and the small one pretty much end up at about the Same price level, but what we'll say out here is its price target It's going to be that next TD 9 count breakout area and that's at about 21 26 If that's the case out there in fact gold and silver do those things now We're likely to see the gdx at least complete its a to b equal cd pattern to the downside now The b-point on the gdx was the trading session of January 11 and that did 22 million shares when it was passed It was passed with 31 million shares So the gdx has a confirmed a to b equal cd to the downside out there There is a new profile that is forming today So that support level that price now needs to get below is going to be a 2753 resistance up at 2813, but all this all these patterns these were drawn in before the US dollar index decided that was going to Make that attempt to break out. It's still an attempt to break out. We won't know until the end of the day out here If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money-back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 tfnn 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 tfnn educating investors tfnn has launched the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live Programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris' For just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com toll-free at 1-877-927-6648 internationally at 727-873-7618 Sorry about running through that break out there. I was just so focused on what we were looking at Wasn't paying attention in any event. Let's move on. We've let's get to our first request out here This coming in from Duncan Steve wants to take a good 3m 3m just simply moving substantially lower with volume this morning Now what 3m did stevo as we can see on the trading day of January 3rd that get confirmed a rogment of indicator top was a bear sash candle now We also had price that was trading with inside that bullet structured profile and on the trading day of January 16th You got a change in trend signal that was confirmed with two days below the bottom that profile on January 17th We then saw a counter trend move which found resistance right up into where it should have found resistance atop that daily profile And now today boom shlack to the downside the question is what is the short-term direction out here? Well first watch 95 12 95 12 is the daily TD 9 count breakout level a close below that is then going to signal a move back to 8778 and I know that's not short term But I wanted to give you the bigger picture because that might impact the short-term Signals that you see out there so today and tomorrow and the next day the key level to be watching is going to be 95 12 if we get a daily close below that that's going to signal lower price and again Now you had not 87 78 would be the area that I would be looking at with regard to an Interday type signal out here. Let's pull over a 30-minute chart See if there's any we'll run through a few of them out here And I know the signal here would be to the downside I don't see any kind of bottoming pattern on a 30-minute basis how about even shorter time frame 15-minute chart Also their chains aren't going to be Not accurate as I change the your time frames out here because it's set right now to a 30 minute But on a 15-minute basis, we're talking ultra short-term here You are going to form bar number eight right now So you couldn't get a a little bit of a little relief type rally that would start anywhere between 1130 every bar number eight and 12 noon Let me take a look at but you know and where could it rally to that I that I don't know I don't have any profiles or anything else out here to assist with that Lastly, I'll check the 65 minute time frame that would be another time frame that I would use and no bottoming signal They're really to be paying attention to so I don't know that I'd rely a whole lot If I were you Duncan I'm at a 15-minute time frame chart, but you were asking about short term So I want to make sure that I at least provided you with the information I think you were looking so for so 3m looks like this thing is headed lower out there I do hope that that helps you out. Let's go take a look at our next request next request coming in from Nicholas wants to take a look at you are a and the question is Where is a buy point basically so you want to know about the weekly a to b equal CD pattern to the upside So for that and it's a gigantic one so that gigantic one if we take a look at it I'll just simply draw it in here What I'll probably do is I'll just draw in the a to b line and I'll just simply move this over to the C-point out there. So you're asking about that. We'll come back and take a look at it Just make sure that that b-point was passed with volume out there and the b-point that we're looking at again Well, it was a swing from September 29th out there 19 million shares and 19 million shares was passed with 11 million shares, but it was passed here with 23 million shares And that was last week and that confirmed an a to b equal CD with an initial price projection of about $35 give or take now that retracement there that b to c retracement Nicholas much less And a hopefully hopefully it's around point three a to a retracement out there But it's much less than a point six right that is for sure So this should do more than a one-to-one a to b equal CD to the upside your question is where to get in on this All right, so you're trying to get in so if I take a look at the daily time frame chart out here Let me just pull this back see if there was a small a to b equal CD I'm sure there is I see a to b c to d. So you've got the Right now I think you had to wait for the day to play out here at least Nicholas because price did close below the bottom of its Daily profile it still hasn't closed the gap out there But yesterday was an initial check profile change in trend signal today price is trying to get back up inside there if we close Back below profile levels and that would be 29 96 a close back below 29 96 today two days below That is it going to suggest lower price out there now lower price to wear and that's a great question I don't have that answer looking at the daily time frame chart the weekly time frame chart says well Maybe that's here not 29 83. I don't know The monthly chart could go on to form a TD 9 count up between this month and March out there So just simply to be aware of so for your interday signals I'm saying we probably have to go down to a short-term time frame chart Nicholas So let's pull over the 30 minute chart What is a 30 minute chart show us the 30 minute chart shows a TD 9 count and wave 7 bottom That formed out here with price what looked like was going to go ahead and can end further its rally by taking out that breakdown Resistance level of 3032, but we only saw one close above that But I would say it would be something on a Short-term time frame like a 30 minute chart that you would be looking at to get into a long position out here I don't really have that price point other than that TD So you can watch this morning's low out there I price get back and on a 30 minute basis. Maybe test that swing point with lighter volume That might be your entry into it if we take a look at the u.r.a It has had two consecutive moves to the downside. So the question is You know when we get two consecutive moves to the upside or more than that so you do have that going for you And typically you can see here in this bullish move You don't get more than four consecutive days to the downside out here and more often than that That's two or three days to the downside So that's the only other piece of information I can provide to you that would say well Maybe this morning was really the next bottom inside of you are a out there. So Nicholas. I hope that helps you out I wish I could be more definitive. I Was as definitive as I can get sorry about that. Let's go to our next request out here That's coming from mr. Bill inside the Tigers then mr. Bill just ask if we could go take a look at the correlation between the TLT and The S&P 500 and we're gonna do that But before we do that since I'm on these white background charts here Let's go take a look at the TLT itself. What do we have inside the TLT? I see what looks like it could be an a to b equal cd to the downside But actually I don't see that not enough of retracement to get to really a c-point out here So we can say that the TLT is trading below profile support at 9406 out there And it's next level of support on the daily timeframe mr. Bill's at 90 21 on a weekly time frame The next level of support is at 9229 and on a monthly basis 9163 so we're going with 921 to 9229 is the price objective for the TLT now Let's go switch panel switch screens I should say give me a moment to do that and we'll take a look at our correlation tool out there and just see What that correlation looks like not that I'll necessarily be able to give you a whole a Definitive understanding of it, but here's what it looks like and really I think the question was is there any kind of a correlation? Directly speaking between the S&P 500 and the TLT now. This is set to let me just make sure of this I believe this is set to a three-day correlation And I can change that live so that's that to a three-day correlation so mr. Bill That's that's what I have for three days I would say it's really a coin toss and I would say a three-day correlation doesn't mean diddly with regard to Helping us determine whether price moving higher or lower now. This is a five-day. So basically it's a weekly correlation and here it's You know, it's a little bit more definitive, but not enough I really think to be At least my initial instinct to really be focused on that instead. I would say just focus on the patterns Like we took a look at with regard to the TLT and that suggests that that one's further down side move with regard to the TLT itself If we look at because I do on that market update certainly we do take a look at The 30-year treasury mass need to be equal cd to the downside 118 and about 27 is really where it's price target is a price city at support right now 1923 so those projections inside the TLT you need to see it close below 1923 The gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations the gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV Live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World 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 Tfnn has just launched their new trading room the Tiger Zen hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tiger's Den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tiger's Den You can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs And join an interactive trading community with hundreds of members Exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action All trading day even at night and on the weekends the Tiger's Den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com 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 It's all us intercedes trading in the red as we speak you've got the dow down 188 smb is off five nasdaq 100 down 17 russell is off 10 points. Let's go to our next request out here This is coming in for mr. Bill wants to take a look at the construction etf. That is called na il We're going to change screens here. We get to our white background screens momentarily And we'll see that nail right now is confirming a roadsman to indicator top And if price closed below one oh one sixty two today, mr. Bill That'll generate a profile change in trend signal Where would be the next level of support? Well, the next level of support that I see out here inside of nail, mr. Bill Is its weekly oscillator and change line that's around 98 40 I see a round because that price is going to move up and down by pennies or so as price moves now What we can see out here is what I don't see really any kind of a toppy well I'll hold on a minute. Maybe there's a large a to b Equal cd. Yeah, there was but I don't think it made that let me take a quick peek here Let's draw in that a to b line and then we'll just simply go ahead move that over to the c point We'll see if I was correct or not All right, I was incorrect. There we go. So now what you've got out here on a weekly time frame is a sell the d-point pattern That is likely in a form. It's only Tuesday. It needs that bearish reversal candle We've got that as we speak right now. We also have a key reversal bar. So that's why I believe it's likely to form that Sell the d-point but what nail needs to do mr. Bill in order to suggest any downside traction Is price going to have to close below that green also didn't change on a 98 33 So 90 98 and change out there Is really the key level to be watching and observing here and if price gets below that Then we could be looking at a move between 74 80 to 80 56 74 80 on a weekly basis where a counter trend move Would run into support on that monthly time frame 70 50 is the support level So with regard to that construction etf na il you're getting that confirmed top today You're getting a confirmed change in trend from a profile standpoint It appears a 98 33 or there about it's going to be the key level for you to continue to watch Nitram inside the tiger sun wants to get a cup of joe So let's go take a look at starbucks out here and see what it's doing It's just consolidating with inside its profile levels We can see how the sellers at this is where it gives you and I a competitive advantage, doesn't it? We know where the sellers are located. We can look at the charts and say just how reliable These profile levels are and they're very reliable 93 94 was where the sellers were located the last two days price tried to take them out You know Tom likes to say if you can't bust them up you try to bust them to the downside So bust them in the downside the first level would be 92 44 maybe 92 42 to 92 44 That's a daily oscillator and changeline you get below that and because it's red You get all the way back to support being meaning the bottom of its profile at 91 72 out there On a weekly basis starbucks if it closes below The price level of this is that weekend 96 0 1 the price closed below 96 0 1 this will confirm 80 9 count bottom of that pattern Will complete next week in order for this to get some traction price going to take out that oscillator and changeline That would become your resistance level. That's up at 95 0 4 and the monthly time frame All I have is a consolidation with inside his profile with that oscillator and changeline acting as resistance For basically the last seven or eight months out there So that becomes a real key level on any kind of a rally So starbucks right now consolidation on the daily teeny nine count potential on the Weekly time frame chart out there and that's what I see nightram So I hope that that helps out with regard to starbucks magapi wanted to take a look at ticker symbol laes So let's get those Charts up on our screen out here. Let me get my other screens going as well Okay, so with regard to ellie the question was where do we see a buy point out here and uh That's so weird There we go. Okay. I wasn't being able to pull it up on my other system So right now it's sitting basically At or near support and support being the bottom of that profile magapi and that's at a buck 47 we're trading right now to buck 53 out there. So on a daily basis. I don't have a topping pattern per se Yeah, no, I don't have any kind of topping pattern So from a support standpoint and you're asking for a buy point you're basically added Let's go look at a 30 minute time frame chart See if we see any signals here to support that idea So we start with a 30 minute time frame chart. You do have or should have let me just update this You've got a confirmed td9 count bottom So here's your battlegrounds right now They're going to be profile levels a buck 60 a buck 60 a buck 51 a support Which is held and a buck 60 is resistance above a buck 160 is going to be a buck Oh a buck 183 and it close above 183 You'll have a change td9 count change in trend signal out there So the 30 minute chart is supported what we just looked at with regard to the daily time frame Let's throw in a couple more out here. Let's put in a 65 minute chart See if there's any kind of signal there the answer is there is not So if you get a failure on that 30 minute chart then a buck 31 opens itself up as a potential Buy area for you. So that's what I see when we take a look at laes mcguppy I hope that that helps you out if not right back. Let me know we'll try to get you that information You're looking for Joe wanted to take a look at natural gas and his question probably like many out there Is where is the bottom? So let's pull up natural gas. Just take a look at these three time frame charts out here So we're dealing with the march contract. Let's go ahead and open up the daily time frame The march contract as we can see is testing a swing point That was also a td9 count and wave number seven bottom and that's a swing point out here joe that Took place on december the 11 now that low which is at 2.107 So far was tested this morning. We got down. I believe was let me make sure that We got down to a low of 2.079 So now you've got a test and rejection so far of that swing swing point Of course price must close above that swing point low today In order for it to be a rejection out there again 2.107 Now I don't have volume out here. Uh, that's going to assist us. There was 150,000 contracts back on that swing point day in december Um, volumized today it says 70,000. I don't know if I'll trust trust that or not out here So just like we did On that one with mcguppy We went to some intraday charts to look to see if there was any kind of bottom signal First let's look at what's going on on the weekly and the monthly time frame and the weekly time frame chart Has negated its wave number seven bottom. That was letter g and it negated it with one tick below it Which we did today So we saw that out there price below the bottom of its weekly profile It has triggered a rose meant to indicator signal that requires a bullish reversal candidate to confirm a bottom Since what you are probably looking at joe is not just a like a tradeable Uh bottom, you know getting in and out you're looking maybe for a longer term bottom out there This would suggest that we would wait because this would be much longer term This would suggest that we wait for a bullish reversal can on the weekly time frame to enter a long trade Why might natural gas continue to move lower out here? And that's a great question. I thought I had pulled this up Apparently I didn't but let's try that again. Let's see if we get natural gas. This is the That didn't go There we go. This is the seasonal patterns for natural gas I don't know why It's taking the time it is there we go. So now we take a look at natural gas. Let's put in where we're at today So here this would show us that typically we would get a little bit of a rally Into about the end of uh january We're certainly not getting a rally into the end of january and then this shows that natural gas seasonally speaking Well, that's 10 years. Let's get the full length out here, which is a 33 year time period The 33 year time period shows that we typically don't get that bottom until february out there You can see out here seasonally speaking it's march and april that are the two most favorable seasonal months over the 33 year period For natural gas. So joe, I hope that helps you out. You might have a bottom today But the weekly and monthly charts are saying you might want to wait Steve roge with tf&m Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets Across the globe, which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds As they both influence forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive. 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You need to act on at any time First-time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tf&m.com educating investors Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily s&p 500 bull and bear Leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses Before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 8664767523 or visit direction investments.com A fund's prospectus and 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Today is a coffee day. Uh, we looked at starbucks just uh during that last uh Segment and right now we're gonna go take a look at coffee. This is for mr z inside the tiger's den And uh john my apology What I will do once the show ends and I close out a number of the charts is In order for me to get my multi time frame uh panel for coffee Uh, I need to use a different data feed and I've got too many charts open to be able to Pull that switch rule. We can take a look at it because this is a data feed that I use for coffee Which is coming from each signal out here So this is the data feed and that will give me all the data to look at the multi time frame chart So I will generate that and I'll post that inside the tiger's den for you But we can still use these charts here to assist you uh with what coffee is doing So right now I show coffee trading in between you can see the wedge pattern in between descending trend line Uh resistance and and rising price channel support out there So it's just about or really it has so price is trading above the top of its profile Or nearly we would say that that is bullish why because it is bullish But we can also see that price is really running right up into that resistance level It's at about 194 50 or so but we're close enough for that the actual high today has been 193 95 out there Maybe that's a little bit more room to run effect. Maybe it's going to run up to 196 17 And 196 17 is the top of the weekly profile Out there So what coffee is doing as good as it looks right now it's dealing with resistance No idea whether it can take that resistance level out or not monthly charts as yet should be able to Because price is above the top of its profiles out there But it's going to be that so that's what we're looking at as I mentioned I will go ahead and post the intraday charts into the tiger's den for you Now we'll have multiple time frames Ideally what we'll be looking at here is as price approaches resistance We want to see if that's being confirmed on intraday charts showing topping signals td9 counts Sell the d-point pattern roads meant to mindicator something along those maybe wave number seven Those should be the four primary tools that we would use to identify a top or a bottom So I hope that that provided you some information and again, I'll provide you all that information after the show So let's move on to our next request out here This is coming in from kota inside the tiger's den for that We're going to go ahead and switch screens get back to those white panels And we're going to take a look at tesla out there kota. I apologize I didn't write down what it was you were looking for in tesla So I'll just give you the full review and the full review goes like this You got tesla trading below profile support and a red osler and changeline those are bearish conditions They suggest lower price today looks like it'll become bar number eight But it's not a low of the of the pattern out there You would need to see a tick in the case of tesla You oh, there's a new profile in fact it has formed out here So it's a bullish structure profile with support being between 208 74 and 213 67 Resistance up at 2207 now just because it formed a bullish profile. Does that mean that it won't go on to do or generate this? A td9 count I don't know the answer to that question What I do know is that if a td9 count pattern is going to form That we need to see within the next couple of days that could be today tomorrow or the following day a tick Just needs to be a tick below 206 27 Now today needs to close below the close of bar number five So you can negate the signal all together if in fact tesla were to close above 211 88 And we're but so I don't know if that's going to happen or not But that's what you would be watching for and then tomorrow would be much easier Price would just simply need to oh, I take that back Today's close needs to be a close below 215 55 tomorrow's close would need to be a close below 208 74 out there 211 87 Geez stevie get it right out there would need to be a close below 208 74 So if I haven't confused you if you allow me I'll take another 30 seconds and really confuse the heck out of you. No, I'm kidding I figure you might have caught that on a weekly time frame We don't see any kind of a bottom signal all that we see out here kota is price trading into a swing point That's a swing point from november 3rd that had volume of 621 million shares so far in just the first day and a half worth of trading out here We've done a total of 175 million. So 175 get going to that 625 yesterday's volume on this just uh, we can both buy that times five 117 wow So that's a pretty decent volume But still not enough to bust out that swing low from the trading week of november the third But you're trading into it. Uh lower price is likely. I don't have a bottoming signal out here Uh, the only bottoming signal could come from a close above 2207 That would be your profile change in trend signal. So kota help that help you out with regard to uh tesla And uh, you are only that i've got wave number What c to the downside? Yeah, just a wave c to the downside. So we kind of suggest that this is uh further to go as well Let's go take a look at elie lily is for electric light orchestra inside the tiger's den If we take a look at elie lily, it's just consolidated with inside its daily profile out here Now with regard to topping patterns unless there's an a to b equal cd that was present I don't have one but let's pull the chart back and see if there was yeah The most certainly there was an a to b equal cd pattern So this does have a confirmed sell the d point with a consolidation With inside that daily profile again, that's between 613 40 and resistance is in the 632 47 to 640 10 level out there um What else do we have on a weekly basis that confirmed erosement to indicator top? We did close below its oscillator and change line. We're trading below that as well that being 634 62 That suggests lower price is likely. Well, the lower price is likely thing Ain't gonna happen Until you see a close below 613 40 of course we're at 626 But i'm referring to the more significant lower move out there and that's significant lower move If you did get a close below 613 would take it down to this 586 level out there Turns out that on a monthly basis elie lily is going to go ahead and complete both a well It's going to complete a td9 count top. It is in wave number seven to the top side, but as you know This needs a lower hide order to confirm that pattern, but the td9 count that's not going to need anything That's going to complete this month no matter what so elie lily is not really looking the greatest out here Other than the fact that profile support held you would expect it to but watch that 613 area elow So at this stage here if you're looking to enter Take a buy On this i wouldn't i don't i don't see it right now based upon the signals coming from the weekly and monthly I hope that makes sense to you. I hope you understood what i was saying out there. That doesn't mean i'm right It just means that's what how i'm interpreting the charts at this moment in time now Was that a good bottom? This morning out there at that low good bottom Well, let's just take a look at what went on on the intraday charts out here And on the intraday charts price was pulling back and testing a breakout level of support at 6 17 84 out there On a further rally six thirty two sixty nine would be your resistance level to be watching there And that's on the intraday time period So that's what the cbc's on and we look at the charts there for elie lily lily Kota is back with us. He wants to take a look at snowflake out there Sno w is the ticker symbol. So let's go see what its charts are communicating to you and i and on a daily time frame What do we have out here? Pretty much a good old-fashioned sideways consolidation steve you would say let's open up this chart out here Now price is trying to take out at least the top of that consolidation That would require a close above the december 14th high and that's at the 20283 level spot eight million shares traded That day today so far we're at four million shares price is pushing into that with volume. So a close above that level That's the high of december 14th 20283 That's going to get this thing into a bullish mode and out of consolidation that consolidation You can see that sideways move up. Maybe you can't see it I'll just simply draw it in so that we can all see it out there and that's just using steve's rectangle We do that and there's basically your consolidation now the cool thing about that Is when you break through consolidation You've got a measured move. So the measured move could be for snowflake up to about the 223 level We'll be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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I realize that there's also a weekly consolidation pattern out there that gives you an even bigger uh price objective of around the 295 level now What do you want to be paying attention to your code? It is the top of the weekly profile This is a profile formed a couple weeks ago is at 20283 So friday in order to confirm this potential breakout You'd like to see a close above that and then if we take a look at that monthly time frame chart You also have resistance. That's at the bottom of its monthly profile and that is currently printed out at the 20674 level So those are the areas to be watching with regard to snowflake. Let's move on to our next request This is coming in from uh, elo Jeff lin is back with us. He's singing. Uh, don't bring me down as we take a look at the stock charts here for rum This is that two gigantic days out here right now. What price is doing is taking on weekly resistance That's the top of its weekly profile at 614. Hello. You get a close above 614 This says it wants to make a move up to the 859 level out there. Wow. What does rum do? Rum is certainly running. That is for sure. Let me open up this daily time frame chart See if there's anything else 793 is the next upside price target for run on the daily time frame That is its td 9 count breakdown level. So hope that helps you out and thanks much for your request today The last request coming in from Dan inside the tiger's den wants to take a look at vfc. We take a look at vfc. What do we have out here? We've got price that is trading above its daily oscillator and changeline It closed above the top of its daily profile for two can three now consecutive sessions out here This has a change in trend signal profile change in trend signal Where's the next level of resistance stevie would have to say it's between 1801 and 1935 That's its barest structured weekly profile and on a monthly time frame your next level of resistance This is the level where counter trend rallies end on vfc and that's at 20 dollars and 27 cents That is the center of that bowler structure profile out there. So that's a real key level to be watching longer term dan Hope that helps you out denners Thank you so much for all those requests out there as well as everybody who wrote in by email I want everybody to have a terrific Tuesday. Be safe out there. We'll look forward to seeing you on wonderful wednesday. Take care folks