 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes All now 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 October 17th, the terrific Tuesday 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. Now the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. Now today you and I are going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at 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'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648. Now if you've got a question but you can't dial in you can always send me an email. Send that off to Steve at tfnn.com and inside the subject heading please put radio show question. Of course if you're inside our Tiger's Den, well then any and 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. You've got the Dow up 22, the S&P down eight, the Nasdaq's up 93. The Russell's up 19. The Semi's are up 43. The Trinity's up 130 and you've got gold up two bucks. Silver's up 25 cents. Light's recrued up 33 pennies. Natural gas back three cents. The 30 treasure down one point and five takes. She's printed out a one 10-06. Leading the charge dollar wise. The upside service now about 17 bucks or 3 percent. Decker's outdoor 16 bucks 3 percent. Micro strategy 10 bucks 3 percent. On link holdings about 10 bucks 65 percent. United Rentals up about one and a half percent. That's a $7 move to the downside. It's Broadcom up two and seven tenths percent. 25 bucks. Rooney's 23 bucks or 5 percent. VMware 13 bucks 7 percent. Eli Lilly 10 bucks nearly 2 percent. KLA Corp down about 2 percent. That's an $8 and 50 cent move to the downside. We've got movers and we've got shakers. Where do we want to begin? Let's go begin with the equity future contracts out here. Let's switch over. We'll take a look at daily and weekly just to update you. Make sure everybody is on board here with what's being communicated to both UNI. If you take a look at the ESMini, upper left hand side. It's formed a buy the D point pattern did so back here on October 4th. Right now we just have price consolidating with inside its profile. It's in the sell zone and that says that's between $43.72 and $44.30. If we take a look at the end up now look at the daily time frame. You've got a bottom on the week on the daily. You have a bottom on the weekly. It's a Gartley buy. The only way that gets negated is a close below $42.35. The issue for the ESMini has been that $44.24 level. That's the bottom of that weekly profile. That's the level that price has got to get back inside if there's going to be any legs to this bounce. The NQ, daily time frame, TD nine count bottom, weekly time frame. Just price testing the swing point that is held. So no weekly bottom per se other than the swing point holding out here. You've got the profile that price is above. It's also on a change line in the NQ. As long as it remains above $15, let's call $15.100. We should see $15.468. You get below $15.100. Then we could be looking to move back to $14.676. In the case of the Dow equity future contract, also by the D point pattern on the daily time frame. We take like what's also going on a daily time frame. It's running right up into those sellers. They sit at the top of that profile. They're sitting at $34.167. If price can close above it, then we'd be looking at a move up to the $35.357-ish area. In the case of Russell, weekly time frame, still waiting for a bullish reversal candle to confirm a weekly bottom pattern. The Russell 2000s daily time frame, yesterday completing a roadsman to indicator bottom. We had that signal that was triggered the day before, bullish reversal candle yesterday, bullish structured profile, price should make its way up towards $18.24. Of course, there's resistance up at the $1802 level. So $1802 and $18.24 is its target. The weekly says, hey, wait a minute, Stevie, I've got a TD9 count bottom. It only gets negated with a closed blow 17, 20, 70. And I'd say, right, you are. And what this should do is just to take price up to that $18.34 level. So overall, you've got a nice bullish move here in the Russell out there. It's the strongest of the four equity future contracts as we speak. And it's the one that generated that bottom signal yesterday. Okay, let's move off of this. And let's move over and take a look at what's going on in the currency world out here. So we'll close out these charts, just free up some resources. Not sure what's going to pop back up. That's not where we're going to go just yet. Let's go to the euro, the yen, the pound. And here's we take a look at the euro. Again, we've got the daily up top and we've got the weekly down below. Take a look at the down below, the weekly. You've got a TD9 count bottom that completed last week that should take price up to $107.24. If in fact that unfolds, US dollar index will get weak. If you see a weekly close below $104.48, that tells you the euro is toast, French toast, or well, not really. Well, it could be French toast and would be likely headed to 97 cents out there. We take a look at the Japanese yen. Japanese yen has a rosement to indicator top. It's also got a TD9 count top. That makes $1.5016 that key threshold level that if closed above would suggest that the yen wants to get weaker and the US dollar getting stronger. We can see over the last three weeks, it's just been a sideways move out there even with the TD9 count and rosement to indicator top. In the case of the Great British Pound, much like the euro yesterday on its daily timeframe, finding support at its red oscillator and change line. It has a buy the D point pattern out here and this should take price up to the 1.250 level. It's also got a weekly TD9 count bottom. 1.243 is its price target. If in fact the pound does what it's supposed to do, that should put some weakness inside the US dollar index. Right now, all three of the major currencies that make up 83% of the US dollar index are suggesting we should see a weakening US dollar, stronger euro, stronger pound. Maybe we're going to see a stronger yen. That one's kind of out there. But you know the real key numbers because of those TD9 counts, even the US dollar, by the way, also that would make sense, right? Had a TD9 count and that level to be watching the US dollar index is 1.0705. That's off of the December contract. We close above that. The US dollar index will get stronger and continue to move higher out there. So that's what's going on with the dollar. That's what's going on with the primary currency pairs. The equity markets out there. Let's go before we get into the breakouts. Let's just go over to this chart here. This chart here is taking a good Goldilocks, Silver and the GDX. Now, Gold, I've got the weekly up as well as the daily. On the daily, you've got a beautiful TD9 count bottom. This suggests that price should go target $19.5320. If it does go target $19.5320 over the next couple of days, we could easily get a TD9 count top. So let's pay attention to that. If we take a look at the weekly time frame, yeah, last week, we confirmed a Gartley buy pattern. The issue here for Gold has been that oscillator and change line. We haven't seen price trade above it, close above it since May. So that line, which is currently printing out, let's give you the exact number here. That's important. 1940, 1940. If we can see a close above 1941, we'll call it out there. Then we're going to see move to 1964. But if price can close above 1964, then we're off to the races. But we have to pay attention. Watch out for that potential TD9 count top because the Silver contract just generated that signal. Today, we'll become bar number eight. Bar number nine is likely going to complete tomorrow. The only way it doesn't complete tomorrow is if price were to close below $21.96. That would be quite a move to the downside. So we're going to get a TD9 count top that completes between today and Thursday inside of high hole Silver. The same is true with regard to the GDX. We'll be right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. 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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. Folks, still a mixed bag out there. We've got about eight requests in so far. Thanks so much for each of those. Let's start to get to them. The first one is from Dr. Copper. That's from Z inside the Tigris Inn. What I've got up here is I've got 53 years worth of data just so you can take a quick peek at the seasonal chart out here. Copper typically forms its bottom, its significant bottom for the year right around October the 24th out there. What is today? Today is October the 17th out there. A week from today is typically when you see the bottom in Copper. We use that as a guideline. If we take a look at what's going on in the daily time frame, Copper formed a buy the D-point pattern that did it back here on October 6th. That was when it generated a bull sash candle. The way that would get negated would be a close below the low of that candle stick pattern. That would be $3.54, 3.549. There's also a new profile that is formed out here, that support level is 3.5458. We use that as the level that would negate the buy the D-point pattern out there. It's a bullish structured profile that's attempting to form. 3.588 is the center. That's also right around that oscillator and change line. If price can close above that, that would signal its intent to go target the top of the profile, John. That's at $3.66. The daily, it's got the buy the D-point pattern, prices held support. Problem is resistance is working here too. The issue that Copper has, and as long as it stays below $3.58, 3.586 to be exact, which is the bottom of a hammer candle, that is the B point of an A to B equal CD to the downside. That's from May 26th out there. And as long as Copper remains below 3.586, that A to B equal CD pattern is in play. And that A to B equal CD would take us back to $3.30. That's its weekly TD-9 account breakout level. On a monthly timeframe, you've got the doctor that's pulled back into its bullish structured support zone. That support zone is between 3.35 and 3.51 out there. That's what I see when I take a look at Dr. Copper. Quickly, if we take a look at the 30-minute timeframe chart, see if there's anything else that is out here that I can share with you and there really isn't. Might be pulling back the 3.50, 3.569. That's its green capacitor and change line. So the daily looks pretty good and remains looking good and less priced clothes below 3.5458. And the weekly, you need to see clothes above 3.586 to get rid of that potential. It doesn't even get rid of it, quite frankly, but at least we'll calm it down a bit. And that's at 3.586 level. So Mr. Z and the Den, I hope that provided with the information you were looking for. If not, let me know and I'll be happy to get to that. Koda wanted to take a look at natural gas. We'll just take a look at these three charts out here, the daily, the weekly, and the monthly. Natural gas, trading below its profile level. Trading below its oscillator and change line. It is suggesting a further pullback. Pullback to where? Why'd say 3.012 or 2.909? 3.012 is the bottom of the weekly profile. 2.909 is the weekly oscillator and change line. I don't really have any other areas of support on the daily time frame other than to suggest that maybe price pulls back to its swing point, which is back on September the 26th out there. If we take a look at the monthly timeframe for natural gas, the monthly timeframe last week completed a TD9 count bottom. If you see natural gas closed below on a monthly basis, 2.796, it says wait until, wait until next February before you start looking for more bottoms inside of natural gas. Now, Stevie, how'd you come up with wait until February? I came up with the February because I've taken pokes at natural gas a few times here. If not like the outcome, if we take a look at natural gas just simply from a seasonal standpoint, you've got 32 years worth of data. If we come all the way back here, when does natural gas seasonally typically make its significant bottom? The answer to that question is right here around February 19th, between February 14th and February 19th. So around the second, third week of February is when we typically see natural gas perform well. What are its worst months? Its worst months? November and December. At least that's how it's been on average over the last 32 years. So my suggestion is let's stop looking at natural gas. Let's wait until February or so because this thing's been just simply a consolidation sideways little booger out there. And if you just take a look at that weekly chart, you can see that sideways consolidation. You can also see how $3.41 has been a key level of resistance. Maybe if price gets above that, we come back and take a look at it. Otherwise, let's wait to come back to that fishing pond till next year. Let's go to the next request out here. This is coming in from Kota. You want to take a look at SWN. If we take a look at it, it's having a beautiful day. It's going against a previous high from back on September 1. That did volume back there of 18 million shares. So far today inside of SWN, you are at 5 million shares in two hours of trading. Five times three, that's 15 million. It's got similar type volume to that high from September 5. You'd love to see it close today above $6.88. However, and it's an important however, today will become bar number eight of a TD9 count. That says a TD9 count should form in ticker symbol SWN and do that between today and Thursday out there. So that's the cool thing. It may form a top. Maybe it doesn't. It will generate that pattern, but that ought to help you out. Now on a weekly timeframe, we can see that price is trying to get up to the 714 level. It's there with a swing point that has volume on a weekly basis from September 1 of 70 million shares out there. So far we've done 20 million, but we're only a day and a few hours into it. So we really got to come back to that. But that could set up an A to B equal CD to the upside. Still 714 becomes a resistance point out there. And of course, on the daily timeframe, we can get a nice big A to B equal CD to the upside as well. I just say caution at this stage here and watch for that TD9 count pattern, which could that just take us back to a support level, which would be the oscillator and change line at this moment in time. That's currently priced at about 660. So everything looks wonderful here. We just got to be concerned, Cota, about that TD9 count. So watch between today and Thursday and then watch the short-term timeframe charts, because if they generate the topping signal, then we probably have at least a short-term top. That's unlike today. We don't have that topping signal. Here's a 30-minute chart. Here's a TD9 count top. It was negated immediately. It tells us that SWN, the Southwest Energy, wants to continue to move higher out there. So I hope that helps out with regard to that ticker symbol. The next one is TPL. So let's see here. I think I've been through all. No, I don't. I've got TPL. I should be right up. Oh, I don't. There was Lightsweed Crude. Somebody wanted Lightsweed Crude, I believe, as well. I didn't write that down, but I know that I've gotten the chart here. So we take a look at Lightsweed Crude. What do we have? We've got prices dealing with resistance right now. This December contract, that resistance area is 85.74. If price can close above it for two consecutive sessions, we ought to see a run up to the 91.25 level. The case of the weekly timeframe chart also consolidates with inside its profile. Right now it's dealing with the center of that profile at 86.30. If we can clear that level, 90.94 is where it would set its sites. 90.35 is a resistance spot on the monthly timeframe for Lightsweed Crude. You've just got to consolidate with inside its profile as well out there. So Lightsweed Crude, basically consolidating with inside of profile levels, not much further for me to report there. Let's go to the next request out here. This one is for TPL. What did I do? I went to the wrong tab. Nice job, Stevo. Nice job there. What tab did I select? It's got the spot ball of tidics coming up. Is this the blank charts tab? Yeah, it probably is. Okay. All right, sorry about that, folks. We've got a short delay here. We've got a traffic issue on Stevie's system. We got to close that out. When we close that out, then we'll go back to where wasn't Stevie was going to go. Well, I tell you where I'm going to go. We're going to go put up TPL, XLY, Goldman Sachs, and URA. Those are the four requests that we still have in the system. Oh, Nancy's getting in on it. She wants to take a look at Microsoft, which we will definitely do. We'll be right back. 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. 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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. Welcome back folks, we're taking a Texas Pacific Land Corporation, TPL is a ticker symbol. Now TPL is going to form bar number eight today of a TD9 count as it approaches TD9 count breakdown resistance level at $19.59.93. This suggests that we should see a top between today and Thursday out here. That top should take us back towards its oscillator and change line. That's currently printed in 1878. At the same time, the daily is getting ready to form a topping signal. The weekly is approaching the top of its weekly profile and that's up at the 1960 level. We're trading right now in 1950-71 and on a monthly timeframe, well, guess what? It's also approaching a resistance level. That resistance level is at the top of its profile. The top of that profile is at 1960-82 out there. It looks to me like TPL is going to form a short term top sometime over the next couple of days out there. Get some type of retracement. Maybe try to reload and try to take out those highs. As far as support levels, I'd start to get a little bit worried if price got below $18.34.55 out there then because you couldn't bust them up, price is likely going to try to bust them down and get down to $17.34. That's what I see when I take a look at TPL, Kota. You also want to take a look at the XLY. Let's go take a look at those charts, see what they're communicating to us. Right now, you're trading out at about $161.72. This is the consumer discretionary sector out here. What do you have? You've got a TD9 account bottom that basically has led to a sideways consolidation. That sideways consolidation looks pretty much like this. We can draw in that rectangle out here. I just call it a well actually I can go all the way up here, can't I? There's your consolidation at the top. Here's your consolidation at the bottom. You're likely going to go target the top of that consolidation, which is somewhere around the $163.86 level. You've got the daily bottom. The weekly, no bottom of price is trying to get back inside its weekly profile. It accomplishes that task with a close above $160.80. If it closes above $160.80, that gets us back likely to top that consolidation of $163-ish zone out there. On a monthly timeframe chart out here, no damage, no top. Just price testing support happens to be the old resistance level, which was the top of that profile, $163.13. XLY, just in a consolidation, have that nice TD9 account bottom. Kota, I hope that helps you out and thank you again for all of those requests. The next request coming in from Jambalaya wants to take a look at Goldman Sachs. The question is price targets out there. Where are those price targets? This is a TD9 account bottom pattern out here. That becomes the price target. The following bar number nine that was on October 3rd, Jambalaya. That low is the key critical low, which is $304.39. If price were to close below $304.39, then Goldman Sachs would likely have had low. We'd have to look at the other timeframe charts, which I'll do here momentarily. Right now, though, price is finding support at a source letter and change line. But it's real resistance. Goldman Sachs on any move higher, that TD9 account bottom, that has led to a sideways-ish type move out there. It's counter trend move. If it's only a counter trend where it would find resistance would be at $320.62 in the center of its daily bullish structured profile. Jambalaya on the weekly timeframe, you've got a good old-fashioned consolidation with inside profile levels even beyond that. But that ranges from $309.65 up to $332.99. Consolidating with inside the monthly. The monthly says because we're trading below last month's low out there, odds favor maybe pulling back to the $291.32 level. But we won't make that call because right now we've got a TD9 account bottom that gives us that key threshold level at $304.39. Only a price gets below that. Will that 291 come into play out here? So Goldman Sachs just a bottom but a sideways-ish type consolidation out there. So Jambalaya, I hope that that helps you out with regard to Goldman Sachs. And thank you for taking the time to put in a request. Lee B wants to take a look at Uranium. URA is a ticker symbol out there. So let's go see what URA is doing at the moment. Trading out at about $25.45. It's got that nice hammer candle that formed about two weeks ago. This is after forming a Rosemont to Mindicator top. Do I have a bottom? I don't have a bottom. But we do have that hammer candle from the trading day of October the 4th. Got close to but not all the way down to its breakout level of $24.09. And since then we've just simply had kind of a sideways-ish type move. Now the key level of resistance here, LB, is going to be that green oscillator and change line. The daily print as we speak is $26.17. If price could close above that, you'd be above a green oscillator and change line. That would be bullish. You would be above the center of its bullish structure profile. That too would be bullish. That would take us up to $28.02. That's not the scene right now. The scene right now is support is held, but resistance is also out there. That resistance up at $26.17. The weekly timeframe, a TD9 count top. TD9 count top is taking price right back to the support level. That's that green oscillator and change line. As long as price remains above that on a closing basis, that being $25.26, we really have a neutral type signal on the weekly timeframe. On the monthly, you've got a good old-fashioned consolidation. The buyers are lined up at $20.10. The sellers are lined up at $30.16. So likely you're headed towards that $30.16 level, but $26.00 and change is going to be the key area to be watching, observing first. Again, that was that daily oscillator and change line. So LB, thanks so much for taking the time to write in. I hope that that helps you out with that instrument. Next instrument coming in from Nancy. Nancy wants to take it at Microsoft. Nancy's got some butcher calls. I don't recall what you had out here at Microsoft for the next couple of Fridays, but let me just share with you what the Microsoft charts are communicating to you and I at least as of Tuesday at 11.36 in the morning. And what are they communicating to us? They're saying, hey, Nancy, we got a TD9 count top out here in the daily timeframe. That completed a couple of days ago. That was on October the 13th, Friday the 13th. Only a close above that high, which is at $333.83 would negate that signal and tell somebody further move higher. Now, there's also resistance at $337.40. That's a TD9 count breakdown level of $335.14. So that's your strong resistance up at the top out here. Support is down between $324.66 and about $326.00 in change out there. The latter is the oscillator and change line. The former was the bottom of its daily profile. Inside of the weekly timeframe, a TD9 count top took price back to breakout support. Been trading sideways ever since. It's struggling to overtake its oscillator and change line currently priced at $336.63. Even if it could overcome that, it's got resistance up at $340.21. I'd say $340.21 is a key resistance level that if closed above would take us higher. Monthly chart looks pretty good out there, but it's the daily and the weekly that are giving you the conniption so to speak out here. So watch that TD9 count top on the daily timeframe. Those resistance levels above it, if you can get above that, then we're likely headed higher. Again, it being $333.83, which would then lead you to resistance at $335.14 and at $337.40. So Nancy, hope that helps you out with regard to Microsoft. Thanks much for taking the time to write in. The next request coming in from Nitrem inside the Tigers, they want to take a look at Intel. Ticker symbol there is INTZ. So let's get those charts pulled up on our screen, see what Intel is doing. Intel trading out at about $3601. Right now it is trading above the top of its daily profile. It has a TD9 count top. That TD9 count top took it back to its first level or second level of support. That again being the top of the profile. Price were to close below $35.54. Nitrem, we'd see it move back towards $34.38. That's the TD9 count breakout level. But right now support is held. The signal I would say is more neutral than it is anything else on a daily timeframe for Intel. The weekly chart says I'm just consolidating with inside my bullish structured profile, Stevie, and I want to go target $39.27. Well, if that's what it says it wants to do, I think that's what it wants to do. Steve Rhodes with TFNN. We'll be right back. 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 in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating investors. Everything in the universe is governed by the Fibonacci sequence. 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Come back we're taking at the church for intel out here again the weekly and the monthly look really good. There's nothing bearish that I see there on the daily time frame we do have that TD 9 count top so the weekly monthly say price wants to move higher if that's going to come we need to see price close above 3703 that's a TD 9 count high. If that unfolds then we see price start to hit those targets otherwise you just got a sideways move as we speak right now. So I hope that helps you out night tram let's go take a look at your second request that was for ticker symbol HZO out here and HZO it's got that big A to B equal CD to the downside on the daily time frame I don't have any other bottoming signal that gets us down to about the 24 dollar ish type area this is marine max out here not a ton of volume that gets traded prices below it's got a TD 9 count top and prices below its weekly profile if we're to close above 3124 at least it gets back inside the profile might be targeting 3213 out there otherwise 3rd 2781 is where it wants to target now in a monthly time frame HZO marine max is pulled back to its bullish structured support area that zone that area is between 2668 and 2992 so I don't see a bottom out here in the daily time frame and the weekly says caution will Robinson that's what the charts say as we speak right now so hope that helped you out with that as well night tram inside the Tigers Den who was it McGuppy wanted to know the answer to this question which of the two stocks is weaker Apple or Berkshire Hathaway we take a look at Apple you've got a TD 9 count top that is held support support being the bottom of its daily profile 17654 and its red oscillator and change line so its daily signal is neutral the weekly signal which had a TD 9 count top pulled back and tested and rejected breakout support at 17042 it's in a bullish structured profile it suggests to move up to 183 27 and on the monthly time frame no top in place price above the top of its profile so it is still bullish it's lost its momentum but maybe it's going to get that momentum back so if you're asking me this Apple look weak the answer would be no the tops have taken price back to support support is held as we speak and we ought to see Apple try to make a run for the 183 27 mark what happens if price closed below 176 28 or thereabouts well then I would say we're likely headed to 170 82 but those are the charts for Apple let's go take those charts for Berkshire Hathaway BRK BRK-B underscore B dot B some kind of B out there so if we take a look at its daily time frame what do we have what do we have we open this up a little further here well you got a TD 9 count bottom and that remains in effect unless price were to close below 342 13 it's been tested a few times I don't know it only once or twice so you've got a you've got that bottom but here you can see that oscillator and change line McGuppy is acting as strong resistance so I'm going to consider this this is neutral but weaker than the chart that we looked at for Apple when we took a look at its daily time frame out here is this weak enough to sell because you're looking to sell one of these two and you know this has got a valid bottom just like Apple does the weekly chart for Berkshire Hathaway it's got to sell the D point I see that price pulled right back to support as well that was a bottomist profile 338 and the weekly monthly chart does have a arrangement of indicator top the price would need to close on a monthly basis below its oscillator and change line which is currently a 348 13 to suggest that we're headed lower lower being like 299 to 308 so when it comes to the daily and a weekly for Apple and Berkshire Hathaway you gave me two and said which one is weaker Steve is going to say choose a third one because I don't know that these are the ones that I'd be looking at to go short at least not just yet at least not as of 1146 a.m. so I hope that helped you out there I'm a guppy and if there's something else that you see let me know what it is I can retake a look at those charts out there so I hope that provides with the information we're looking for John in the John scene the Tigers down wants to take a look at and video and BDA so let's go pull up those charts see what they're communicating to us I believe they have gap down this morning out here but let's take a look and make sure and BDA come on populate out there yeah it was a gap to the downside which found support at the bottom of its new daily profile out there new in the past couple of days and that key level out there is at 437 24 now price closed below 437 24 now this has a sell the D point pattern so it generated the sell the D point pattern two days ago and now prices pulled back in his test and support that could be the extent of its move lower out there now today's candle shows up as a hammer but it's also a gap to the downside so it's really not a hammer and at least in my opinion because you got to fill in that gap so to speak out there on a weekly timeframe what do we have going on inside of NVIDIA roge meant to mitigate her top good old-fashioned consolidation in between profile levels between 408 99 472 89 on a monthly timeframe you will complete a TD 9 count topping pattern this month this would suggest that price would pull back to the 3804 level that happens to be the bottom of its monthly profile and right around its oscillator and change line so 3804 is its number out there if that's going to come to fruition john c you need to see a close below that daily support level at least at 437 24 but for the most part NVIDIA is pretty much just got a good old-fashioned sideways-ish type consolidation out there so john i hope that that provided you with the information that you were looking for there and thank you for taking the time for a request let me just check the email see if anybody else has written in looks like we've got one here from nicholas nicholas writes in good morning steve would you go over iwm rty for a tna trade i will so i'll just put up the rty right now um let's put up the rty 12 23 so you've got to be at nicholas you probably didn't hear the beginning of the show but you got a nice by rosemont indicator bottom inside of the daily time frame chart for the russell 2000 equity future contract yesterday it's also inside a bullish structured profile as soon as it comes up and this price target is going to be 1824 so do you take a trade now you're at 1787 and it's 1824 i don't know on a weekly time frame out there the weekly time frame formed a td9 account bottom that remains in effect unless we see a close below the low of that pattern at 1720 70 out there monthly chart not really provide us with a ton of information i'm cautious on suggesting that you take a long trade now knowing that there's also resistance right here at the high that formed on october 11th that was the high of that three river evening star pattern in 1802 70 so you buy it on a retracement or a pullback and that would be a pullback towards 1741 50 1747 out there but right now you've got a solid bottom um let's take a yeah i don't know how long it's going to take to pull this up let me just try this we've got about 30 seconds before we go to break i can oh i know where maybe i can do that and do it quicker we'll try day trading here just going to look at what's going on on the real interday charts here for the russell 2000 let's see we'll try to stick on stick on we'll try to stay uh on uh through this uh till we get real close to the edge of that break the music's going to start playing in about four seconds out here so there's a daily just looking for any kind of short term signals uh that you want to be aware of out there uh td9 account top it's going to complete here at 12 noon on a 15 minute time frame that's all that i see out there so from a short term standpoint whatever that high is by 12 noon watch that high there's a 15 minute close above that russell 2000 still wants to continue motoring along steve roge with tfnn we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years experience as a trading veteran of futures forex stocks and 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educational community of traders just visit the front page of tfnn.com welcome back folks we're playing that game with uh with uh was it Fletch uh or um mcguppy mcguppy uh the game of mcguppy wants is which of these two is likely to head lower and those two be in Verizon and uh Kratos defense and security systems well in case of Verizon I see a confirmed by the d-point pattern that formed this bullish hammer back on the trading day of October 6th so you need to see a close below that hammer candle at 30 14 to suggest that it is weak now countertrend moves on this thing have run into resistance where they should that's at 31 74 so price should make its way up to that level of pricing close above 31 74 this is likely more than a counter trend to move out there so that would help answer your question there mcguppy you've got the bottom that's in place out there now the question is what is the rally going to do can it take out that resistance level on a weekly time frame you need a bullish reversal candidate to confirm a bottom pattern that would be the road's meant to indicator signal you're going to get bar number eight this month here for Verizon that says you could form a td9 account bottom by uh november november december time frame so which of these two are weaker well this one's got that daily bottom and i would feel this would be stronger if you can get above that red oscillator and change on on the weekly time frame 31 and 45 cents out there let's go take a look at kratos defense kt os is the ticker symbol what do we see here i see bar number eight that will complete if this oh it's going to so bar number eight is going to complete today inside of ktos um this suggests that you could form a td9 count top between today and friday out there the weekly needs a bearish reversal candidate confirm a road's meant to indicator top the monthly is going to complete a td9 count top i'd wait for the bearish reversal candle on the weekly this looks like it has more potential but i'd let that confirm for you mcguppy folks thanks much for all your requests out there have a terrific tuesday be safe out there and i'll see you back here 11 o'clock on wonderful wednesday take care