 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good morning folks, welcome to the May 3rd, the wonderful Wednesday edition of today's Traders 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. Hey, let's make sure we have an extraordinary one and the easiest way to do that. Well, let's 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 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'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. What I do want you to know is 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 and dial on at 877-927-6648. Now, if you can't dial in, but you've got a question, go ahead and send me an email. Send that out to Steve at tfnn.com. And inside the subject, if you'd be kind enough to put radio show question. Now, if you're inside our Tigers Den, well, then any in every ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We're starting today with a mixed bag out there. You've got the Dow and the S&P trading lower, 57 points for the Dow, 3 points for the S&P. NASDAQ's up 6 and the Russell's up 14. Semi's are up 26. Tranny's up 112. We've got a mixed bag. Gold is up 7 bucks with Silver being up 13 pennies. Lights we include is getting tanked. It's down $2.58. Trane out of 6907. Natural gas up 9 pennies is busting through a level of support. It says maybe there is no bottom inside of natural gas. The 30th Treasury up 1 point and 4 ticks. 132.18 is the print there. Lead in the charge. Dollar wise, the upside. We've got super micro computer up 24% and 25 bucks. Top financial group up 19 bucks, 36%. Murphy USA 18 bucks, nearly 7%. Inspire medical systems up 6% or 16 bucks. Allegiant travel is up 15. That's a 15% move to the downside. It is Estee Lauder down about 19% or 46 bucks. Market taxes down 18 bucks, 6%. Micro strategy, 17 bucks, 5%. VCI Global, 68%. Holy schnikes there. And the Clean Harbors, they're down 10 bucks. That's a 7% move to the downside. So we got some movers and we've got some shakers. Let's begin the day though by taking a look at the equity. Well, let's do this. Yeah, let's go switch over to the, no. Let's stay right here. Equity future charts. What I want to show you, let me open up this. The NQS formed a new profile. I'm going to turn off the weekly profile levels here in a moment. That way it'll clearly sit out. And now let's discuss what is the meaning of these profiles. So let me get to the weeklies here. Let's turn these things off. So this actually formed yesterday. So my apologies to subscribers. I said there was a new profile that was forming. It has already formed. I didn't pick up on that. So again, in any event. Now this profile is slightly above the prior profile. It's versus Bolshevik's structure just like the last one. So your support level hasn't changed substantially. But the range of support is 12, 914 to 12, 971. And resistance is up at 13, 370. Now that's going to be important for today's action in the market. I expect we'll see some pretty decent volatility with the Fed releasing their decision on interest rates. But I would imagine that it's going to be the press conference and the forecast going forward, the language, and so on and so forth. But the parameters, so the NQ is telling us that don't prepare for a bear market or a change in trend. The change in trend, the trend is still to the upside is what it is suggesting to you and I now. Well, yesterday's candle formation did was it created a three river evening star, which can be a three, four, five, six, seven candle formation. But you need a minimum of three candles out here. I won't go through the details, but I do teach subscribers about that pattern because it's one of the seven candles that you really want to know how to identify it. So we do have, and what this doesn't show, this black background chart does not show, that price has been moving higher doing less relative energy. So there is a confirmed top inside the NQ. Now I would say a price did close below 12, 914. That would be a signal that were headed lower. And that headed lower could be for two months like we discussed, could be for two months. But this new profile here at least makes Stevie say, hmm, something to think about. If we take a look at the other equity futures out here, you've got a sell the deep point pattern that formed yesterday in the ESMini. It too has a sell the deep. It too has a formed a three river evening star, but price found support. Both of that rising trend line, even though it didn't hit it exactly came close enough to it. And it did hold the bottom of that profile, the bottom of that daily profile. So I'd say if you get it closed below that profile level 4118, we're headed to 4059. Inside the Dow equity future contract, it closed below the bottom of its profile yesterday. That is acted as resistance this morning. That would suggest a run for the 33228 level, the Russell 2000, even though it's got the best movement today, it's just a counter trend move at this stage. It's still trading with Insight at swing point. From the trading session of March 24th, it closed above 1751-20. Whether this roads meant to indicator signal still remains intact, but it really needs to get back inside that daily profile. So that's what's going on when we take a look at those four equity future contracts. Let's switch over, take a look at the white background charts, but instead here, let's go take a look at what's going on intraday. So we'll change the panels out here. Momentarily, we'll have the intraday for the end queue. We're going to start with the end queue because Stevie believes it's really all about the end queue. The end queue's got that new bullet-structured profile, so it's provided you and I with some additional information. It's got that roads meant to indicator top. So which one is telling us the real truth here? Well, let's go take a look at what's going on under the covers. Under the covers from a 30-minute standpoint would be this tool here. This is our take a look at our task market breadth. It's telling us how many instruments are trading above resistance. That would be the top of the profile versus those trading below support, which would be the bottom of the profile. There's only 27 above and 39 below. So on a 30-minute basis right now, the end queue is struggling from a market breadth standpoint. Let's take a look at the other four timeframes that we monitor here. Those will be the weekly, the daily, the 240, and the 60-minute. Let's take a look at the NASDAQ. And on the NASDAQ, here's where we've got just absolute all-out-shoppingness confusion. The weekly is slightly bearish. The daily is slightly bearish. The four-hour is bullish and the 60-minute is bullish. So if you talk about a mixed bag or a mixed set of data points out here, when it comes to market breadth, we absolutely have that with regard to the end queue. Well, let's still study the end queue charts out here. Well, we've already gone through the daily piece of it, the new profile, so we don't have to do that. If we take a look at the five-hour timeframe chart out here, what do we have? We've got a wave number seven top that is in place out here. I don't have any kind of a bottom, but I do have price consolidating with Insighted's daily profile. Four-hour timeframe chart, Roadsman to Minicator top, price consolidating with Insighted's profile. Watch 13155 as support and 13244 as resistance. The two-hour chart, I've got a Roadsman to Minicator top. I've got price consolidating with Insighted the current profile. 13244 there, so we've got that in common with the four-hour. And 13132 for the support level, bottom of that profile. Nothing brewing on the 60-minute chart. The 30-minute chart did negate a TD9 count. Remember, the 30-minute chart showed negative market breadth. 60-minute chart showed positive market breadth. So price has pulled back. It's tested basically its breakout area, or it's doing it as we speak. That's at the 131825 level. Only a close below that would suggest lower price out there. Folks, I don't really expect the markets to move a whole heck of a lot between now and 2 p.m. So some of this is just a little bit of fodder, but we're having fun. At least I am. We'll be back in just a few. 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, 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's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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. 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. Welcome back, folks. Let's get to some questions out here. The first one coming in from Brent in Martinez, California. And Brent would like to take a look at both oil and natural gas. I don't have any positions at present on the sidelines waiting at a possible bottom. Anything in the charts of either one that might show the potential going forward? Thanks for always having a great day. You too, Brent. So right now, Lights We Crewed is trading out at about 6836. It is trading below the 0.786 retracement of the entire move from bottom to top, that TD9 count bottom from back on March 20th. So first thing, Brent, is there's no bottom signal and it broke through a TD9 count bottom pattern yesterday. So the next area of support, its next price target is likely 67.02. This is where the breakout began inside of Lights We Crewed. So, you know, look for that area and then, of course, some bottoming signals in the intraday charts out there. If that area doesn't hold, then the next level of support would be at 61.54. That is the weekly TD9 count breakout level. And there is also an A to B equal CD to the downside. It's a longer term. It's a weekly one inside of the Lights We Crewed out here. So that, you know, so I would say between 61.54 and 67.02 is the area to start beginning to look at a long trade out there inside of Lights We Crewed. So, Brent, I hope that helps you out. Lights We Crewed, this will be day number three to the downside if we take a look at that consecutively speaking, that is. You know, I see a lot of three-bar reversals, where you at least get one-day reversal, maybe two out there. So this could be just simply from consecutive moves lower. We could be getting close to a bottom signal there. But so we don't want to be faked out. We want to see some type of real bottom pattern that forms inside of Lights We Crewed. So, Brent, I hope that helps you out. Let's go take a look at natural gas. Let's do that momentarily. And natural gas is busting through its swing low out there. So that's saying, what is that saying? Well, let's go find out. Well, it would be helpful to stick up the charts. Here we go. So now we take a look at natural gas. It's the daily timeframe, Brent, that I'm referring to. So on the daily timeframe, you can see that this had a nice roadstrip indicator bottom that formed back here on April 14. Now, your price closes back about 2.143. It still retains that. If it closes below that and negates it and says, you need another bullish reversal candidate to confirm a bottom. Why would we want to keep looking at a bottom? Well, if we take a look at the weekly chart out here. So this is kind of setting up nicely. The weekly chart, because it has broken through that low from April 14, that is setting up that we now have a TD-9 count bottom that will, well, it will complete this week. It should close below the close of bar number. Well, I take that back. What needs to happen on Friday, Brent, is price must close below 2.238 in order to generate a confirmed TD-9 count bottom, which low could take place next week. So you got that TD-9 count bottom to pay attention to. And then what you'd do is you'd want to see the bottom signal on the daily timeframe. And of course, the intraday charts, that would be helpful as well. And one of the reasons that we really want to keep our eyes focused on natural gas, at least Stevie's believe. They want to keep it focused on natural gas because we are in bar number nine on a yearly basis. Yes, it can be the bar following bar number nine that identifies the bottom out there. But well, I'll take bar number nine, especially if we can get a weekly and a daily confirmation of at least the bottom pattern, at least to go ahead and take another shot at it. So I hope that helps you out. Brent, as always, thanks so much for joining us early being up and sending a request to us. Let's go to the next request. That coming in from Dan inside the Tiger's Den. And Dan, I appreciate all the requests that you do provide. Makes the show for me, makes it go much smoother, much easier. Let's begin by taking a look at your request, which was ARWR. I do need to get to my other set of charts out here just to deal with the little delay issue. So give me a second if you would. ARWR. And I've got that trading out at, on the white background charts, 39 bucks, 38.84 to be exact as we speak right now. Now there's an A to B equal CD pattern out here. This has achieved the one to one area. You can see that folks here, I'll draw you the A to B point. And then from there we'll just simply go to the, we'll just drag this higher. We'll move this over to where the C point is at so that Stevie can grab it. There's there. So now you can see you're at the one to one level. You don't just buy and sell. Well, look, I'm going to share with you my belief and the reason, and the reason is because I try to got my arse handed to me. You do not buy and sell every single one to one A to B equal CD. Now you got a pretty decent, usually 60% of those will complete the pattern, but it's the other 40% that doesn't. Here you need to get a bullish reversal candle. When you hit a D point with a gap to the upside and good volume, it's got 774,000 shares right now. It ain't stopping there. So where is it headed to? Well, shoot, Dan, if we look at that weekly chart, I know you and I had called out 37.71. It seems to have gone through that like butter. Now it's only Wednesday. So if price does close Friday afternoon to about 37.71, the next price target intermediate term to the upside is going to be 48.48. And on a monthly timeframe, although we've just begun, sounds like a song out there. It is trading above that. I should have changed that. That's another bullish signal out here. Now it's got to close the month above that in order to really retain a bullish signal. But right now that looks good. The weekly looks wonderful. The daily looks wonderful. I'm not sure what information you needed there. But a slap on the back would probably be not a bad one out there. So a nice going. We took a look, I believe. We took a look at the consecutive days up and down. And you had just a one hit wonder yesterday. So we should see at least a two to three bar day rally continue inside ARWR. So congrats there on that and best of luck to the further trading. You wanted to also take a look at SBSW. So let's flip over to those charts out there. SBSW is Cybane, right? Something like that. Cybane Stillwater. Trading out right now at about 901. And what is this doing? It's just a consolidation pattern inside the daily timeframe. But it's the weekly that you want to really keep your eyes on why. Because price closed above it two weeks ago. It's trading above it this week. Too close above it. Dan is going to say price wants to get up to 1108. Now look, you're still dealing with inside a bare structure daily profile. So your resistance zone there is between 923 and 946 out there. But other than the consolidation pattern, I don't really see a whole heck of a lot going on here. The monthly chart, you know, this chart does not look anywhere near as good as the other one that we just looked at. You've got resistance here at the 926 level. That's the bottom of that monthly profile out there. So, Dan, I hope that helps you out with regard to SBSW as well. Let's take a look at our next request out here. This coming in from a guppy. A guppy wanted to take a look at GF, was it GFAAI? Let's see here. Yeah, GFAAI. And GFAAI is, I'll let you know in a minute so that I can learn how to type. That is Guard Force AI. Guard Force AI is getting hammered today. So this formed, what did this form? So today, believe it or not, today, McGuppy is going to be bar number 9 of a TD9 count. Boom. This suggests that you could get a bottom out here in GFAAI today or tomorrow. It suggests that. Will we? I don't know. Price has made its way all the way back, all the way back to the low on March the 15th. Now, on March the 15th, that's all the way down here. You want to know how many shares traded hands that day? On March the 15th? Did any trade? 90,000 shares out here. 90,000. Now, today you're back with a bit more. You're already at 3.9 million shares. So maybe Price is going to go test that swing low out there. I don't know if it is or it isn't. Don't do anything here today, most certainly. We should take a look at this on Thursday and Friday. So, but you've got to remind me to do that. I won't remember to do that. Steve Rhodes with TFNN. We'll be right back. 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. 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At TFNN, you'll get advice and guidance from the authority in 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 4.00 p.m. Eastern. 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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. Now we've got the Dow's down. 69 S&P's up, 3 Nasdaq 100 down, 3 Russell's up, 15. Trendy's up, 109. Semis are off, 36. We'll take a look at Palantir. PLTR is the ticker symbol. This is for S&P inside the Tiger's Den. And we take a look at Palantir. What I don't have on a monthly basis is any kind of a bottoming pattern. It's negated at TD9 Cal Bottom. It did it several months ago, about six months ago. The weekly chart shows a rogment to indicator bottom with prices consolidating with inside its daily profile. That daily profile ranges from about 718 up to 942 on a daily timeframe out here. What do we have? We've got price trading back into a swing point that if it breaks, it will create an A to B equal CD to downside. Now that swing had 63 million shares. So far today, you are doing 7 million shares. 7 in two hours, so you're about 21 million give or take out there. So you're pulling back into that with lighter volume. But you want to watch that load trading with inside that swing point. My assumption at this stage would be it's targeting that low of 719. If it breaks through there, 584 would be next up on its card. So the monthly doesn't look good. The weekly has got a consolidation with a bottom pattern. It needs something on the daily for sure to assist you there. So I hope that helps you out with regard to Palantir. The next request is from Jimmy who wanted to take a look at Home Depot. And we take a look at Home Depot, Jimmy, on a daily timeframe. This formed a TD9 Cal Top, which took price almost back to its breakout level of 286.37. Did it get all the way back there? Instead of getting it to 286.37, it got down to 287. That works for me. So it did what it's supposed to do. And now price has made its way back up into a bowler structured profile. If this was just a counter trend move, price would have found resistance at 296.11. But it didn't. It crushed right through that on that trading day of April 28th. Or back inside this profile, my assumption would be if it closed the day above 249.93, it's going to go likely target that recent high or more likely, though, it would be the top of the profile, that TD9 Cal Top at the 303.20 level. That would be especially true if price this week can close above its weekly odds that are in change line at 296.87. Now, you do have resistance there at 300.36. So you got 303 and 300 to take a look at it. And you've got 310 and really 319. We take a look at that monthly timeframe that shows a consolidation with inside its profiles as well. So not much else to report there. Request are slowing down just a tad. So let's check out, let me switch over to the seasonality piece of it. Let's go take a look at Home Depot, see what it does typically this time of year. Well, if we can get it to populate, what the heck? What is going on here? Huh. Okay. Well, that was the intention out there. That's weird. Huh. So I can get that to work. It doesn't have Home Depot. Who would have thought that? Well, it doesn't matter who would have thought that. That is the way it is. So I can't provide you with any seasonal information. Oddly enough out there. But I do hope that helps you out with regard to Home Depot. That was from Jimmy inside the Tiger's Den. The next request coming in from Fletch, also inside the Tiger's Den. And Fletch wanted to take a look at, wanted to take a look at Uber. And Rai, we will get to WEAT. What do you see there? Do you see a bottom? Steve, we're going to take a look at it. Steve, we're going to take a look at Uber right now. This is for Fletch. And Uber looking mighty fine. It is trading above. It's a prior hire. Believe it is. Well, let me actually get out my other set of charts here. Just to make sure where it is trading at. I show it on the white background. It's 37.97. And it's 37.78. So the key level that you're going to want to watch today is that swing point from back on February the 8th. That's those bar number seven up there. That had volume there of 109 million. 23 already. So it is coming in a bit light. But if it can still close above that level, that level is 37.58. That would be a real positive. And you can see on the weekly, the number to close above from a weekly standpoint is 37.58. That would set up another A to B equal CD to the upside perhaps. And then on the monthly chart, you've got price trading right into resistance. So with regard to Uber, everything looks really good. However, resistance on the monthly, you're trading basically into it. The weekly, you're slightly above it, but basically trading into it. The daily, slightly above it, but trading into it with lighter volume. What does that say? I would not be surprised to see these resistance levels hold. But do we have a signal of that? And the answer is we do not. Why don't we have a signal of that? Well, if I take a look at a 30-minute timeframe chart, I've got a negated TD-9 count top. Price is moving higher. It's stretched with less relative energy. But that needs a bearish reversal candle. And then it closed below that greenhouse line for it to get any possible traction to the downside. So I don't see the top here on an intraday base, not at 11.35 in the morning. And everything looks pretty good except it's resistance, resistance, resistance. And I don't know whether it will take that out on a weekly basis. Just to give you an idea, the swing point there had volume of 288 million shares. We're at 176 as we speak. We're about halfway into the trading session. So you got 176 versus 288. If we can keep up this volume out here, which I doubt that it will, that would be a real good sign. So I hope that helps you out, Doug Fletch, with regard to Uber. We can check to see if Uber. Do they have Uber up here on the seasonals? Let me see. U-B-U-B-E-R. They do. So just out of curiosity, there won't be a ton of data out here. How many years? Four years worth of data. Is that it? Three years worth of data. Three years worth of data. Let's go ahead and see where we're at as of today. The case of Uber, seasonally speaking, it doesn't typically bottom until around May 11. It has not done that over the last three years, but that's not really a ton of data out there to utilize. So let's go to the next request, which is coming in from ELO inside the Tiger's Den. And ELO wants to take a look at the SMHs. Where did Stevie put those? Here we go. So we take a look at the SMHs. They are trading at about the 245.17 level. What the SMHs have done is they've bounced up into their resistance level. That was at green oscillator and change line. And now you're back inside that profile. So if price continues to move lower, get back inside the profile out here, it could be headed down to the support zone. Now the support zone ELO is between 239.01 and 248.88. If, on the other hand, the SMHs respond positively after the Fed announcement, the Fed meeting out here and closes above the 248.18 area, you're likely headed to 260.49. But you do have that weekly A to B equal CD that's been confirmed. And price is just consolidating with inside that profile. That's the weekly profile from 235 up to 260. On the monthly, you've got a consolidation with inside that profile as well. So the SMH is the daily timeframe. You have a completed by the D point pattern. The A to B, C to D confirm with this key reversal bar and confirm the following day with a gap to the upside. I looked like it wanted to really trade higher and it did, but it ran in that resistance at that oscillator and change line now. So that's a real key level that you would be watching on any further moves higher out there. So that's what I see when I take a look at the SMHs on a 30 minute basis. What do we have? We've got the potential for an A to B equal CD to the downside. That would occur with a close blow 244.78. Technically speaking, it would be a close blow 245 even Stephen. But let's give it just that little bit of wiggle room, which is the breakout level of 244.79. So if the SMHs do that, then you've got an A to B equal CD to the downside. We can give you the approximate price projection, at least the one-to-one price projection. So let's move this over here. Whoops. There we go. We move that over to the C point. That happens to be labeled C as part of the Chapman wave. And so the one-to-one would get you back around the 242 and change level out there inside the SMHs. That requires a close blow 244.75. Steve Rhodes with TFN 877-927-6648. We'll be back in just a few. 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 in 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. And you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement 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. TFNN.com Educating investors. 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 ETFs. 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 866-476-7523. 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. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Right now you've got the Dow trading down about 35 points. The S&P is flat. The Nasdaq's up 7. The Russell's up 14. The semis are down 32. We've got a mixed bag out there. The next question coming in from our YouTuber. And jeez, I didn't write the name down. I apologize, but the question was about the seasonal chart for the Dow specifically and the two to five year period. So at a minimum, I have to use three years worth of data. And I have the Dow up on our screen. And the question was about a Fed rate change. Well, I've got a number of different seasonal tools with regard to the Fed. One is rate hike. So that's what I put in here. And you'll see in the kind of the center, upper left area, select years to display out here. I'm just showing 2023, 2022, and 2021 out there. Well, because we've had basically rate hikes in the last couple of years out here. But here with regard to rate hikes, this is showing you the day. So here's where we're at today. This says you make some kind of high today. It doesn't mean you take out yesterday's high, just that it's making a high. So let's make sure we understand that. And then it trades lower and then kind of stabilizes for about four days and it begins moving higher. Now that's over the last three years out here. If we go from Fed rate hike to just simply Fed meeting second day, we can do that one. I'm going to try to do that one. Fed meeting second day. Leave it with the same timeframe. I've been here three years. And here you can see again, in this case here, it says markets move lower for two days and then move to the upside. The other Fed decision tools that I can choose for central banking. I've got the rate change, a rate cut, which is not likely to happen. But what if we did have a rate cut out here? And instead of using just this three years, we decided to use the last 10 years worth of data. Or the last, no, about the last 15 years worth of data. Here's what it looks like from a rate cut standpoint if we had that. So let's take a look at what else we have out here. We've got the Fed meeting. We've got the Fed minutes. Then we've got the Bank of Japan, Bank of England, the ECB, different cuts as well. So that provided you with the information. I believe that you were looking for with regard to seasonals. I'll just simply go back there real quickly here. We'll go back to what is likely to be likely to be a rate hike. Now, this is over a 15 year period of time. It doesn't really change from, is it, am I using the 15? Hold on a second. Let me just make sure that this is, yeah, it's using a, it's definitely using it. Now let me just look at the 10 years. Yeah, it's using it now for sure. So it says we should expect the market to move lower for maybe three, four sessions out there. That's what does typically respond from a seasonal perspective. So thanks for the question and have a great day. And I apologize that I didn't write your name down when I was typing all that stuff in. Let's go to our next question. This is from Rai inside the Tiger's Den. And Rai wants to take a look at ATOM out here, Adam Baum. And ATOM is trading at 9.45 or so, 9.47 to be exact. Boy, what a rocket ship this is. At America Incorporated. Just a few short days ago it was trading in the $5, right? Now we're at 9.45. So where's this headed to? I'd have to say your next resistance level, I'm really focused in on the monthly timeframe chart, is going to be that oscillator and change line because you are trading above the top of its profile. So that next resistance level to clear is 9.72. If Adam Baum can close above 9.72, you're off to the races. Those races should then take you to 12.98. 12.98 is the TD-NACL breakdown level on the weekly timeframe. As far as any other patterns out here on a daily timeframe, I've got nothing, zilch, nada. So this looks moi bueno. I don't know what they solved out here, but it looks very, very good. I don't see a top, but you might get that when you get up to that weekly oscillator change on a 9.72. So you're about less than 30 cents away from running into some real stiff resistance or what potentially would be some really stiff resistance out there. So I hope that that helps you out. Now, counter-trend move inside of this, you do have wave number seven bottom, letter G that was last month out there. If this is only a counter-trend move on a monthly basis, you would then find resistance. No, it's beyond that. I apologize. We already have a new profile. We're trading above it. Skip that comment there. Rai, I did not mean to say that even though I did. Your next request, and I was going to bring this up, this is called a free trade for everybody that's listening in. Or I believe it's a free trade. Or at least it is a confirmed, right now it appears to be a confirmed bottom inside of wheat. Now we're taking a look at here. What Ryan wanted me, or I believe, wanted me to take a look at was WEAT. That is the bottom right-hand panel chart. Now, if you go look at the holdings with inside WEAT, the wheat, it has July, September, and December of 2023 of future contracts. And almost evenly so. So it's really important to take a look at those. We'll take a look at this. Yesterday we got TD9 count bottoms in each of those. Today we're getting Roadsman to Mindicator bottom patterns. So on a daily basis, what WEAT has done, it's given us a bottom signal. Now, in each case, just like we were taking a look at, like Rai had us take a look at on that other chart, we took a look at Adam and said, hey, that weekly oscillator and change line could be some stiff resistance. Now, here's the issue. Here's the fly in the financial ointment. Each of these contracts are sitting right at those resistance levels. So Rai, what I would love to see is, at the end of the day, a close above that, to then say, we got action, Jackson. Now that action may only take price up to its TD9 count breakdown levels. Those are up at $6.96 on the July contract, $7.06 on the September contract, $7.21 on the December contract, and $7.06 on the September contract out there. So WEAT looks really good. Now, what really looks good about WEAT, folks, if I can't sell you about WEAT and why you should be looking at it here, this set of charts might do that for you. And that's looking at the weekly. So now we got the weekly charts here. Again, still WEAT. It's going to maintain those same contracts, but now you take a look at the weekly. The weekly, July and September contract confirmed TD9 count bottoms last week. Now, we have to see closes above those lows in order for that to happen out there. And you can see that the weekly oscillator and change line is a real booger out here. That is a real resistance level, but if price closed above that, even though you got other profile issues to contend with, it would likely be signaling to you and I we've got that change in trend in wheat. Now, the December contract isn't participating with regard to the TD9 counts out there. So we really have to be based upon what's going on in July and September at this stage of the game. So we've got what looks like a great bottom out here. The question is, can we get WEAT to close above those oscillator and change lines? And I just don't know the answer to that question. But thanks so much for the request out there. The next one is to take a look at GDX. So let's get back to the three-panel set of charts out there. Is this where we have it? No, that was Adam. So let's go take a look at the GDX and I apologize. I don't recall. I just wrote it down, but didn't write down who asked me for it. So with regard to the GDX, the GDX looks mighty fine. Why does it look mighty fine? Well, on a daily timeframe, you're above the top of the profile, you are above its green oscillator and change line. That suggests at least a run for its recent high out here. That recent high is a swing point from April the 13th. That's anywhere traded between the range of $35.43 up to $36.10. The weekly chart says, hey, I like what you're saying, Stevo. It's just that I've got a new profile resistance level, and that's up at the $35.15. So expect a battle at $35.15. So far, the interweak high has been $35.10. So it's resistance, resistance. That's the level. $35.15. That you need to see it close above. That's where the battle is taking place at out here. But otherwise, everything inside the GDX looks pretty good. Now look, on a 30-minute basis, this is telling you to prepare for a potential, and I do say potential top, because you are in bar number nine as we speak right now. Let's update that chart out here. So I would say by $12.30, the GDX is suggesting that we should see a pullback. And even if we get a TD9 count top, which we will, it's still a neutral signal, priced above that green oscillator change line and above the top of its profile. But a little bit of retracement seems to be in order. Steve Rhodes with TFNN, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 technicals. Sign up for Rocket Equities & 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 in 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. Subscribe to the channel to see more videos like this. Thanks for watching. The Fibonacci 24-7 newsletter today. TFNN.com. Educating investors. Today and become a part of this educational community of traders, just visit the front page of TFNN.com. So, next question coming in from Charles. Charles from Framingham, Mass, a veteran. Thanks for your service, Sarah Charles. He's in GFI Goldfields. And his question is, do we see it getting to 17 bucks? How about if I gave you 16.92? Will you let me round down 8 cents out there? The reason I come up with 16.92, Roger, is that is the TD9 Count breakdown level on the weekly timeframe chart. You can watch this on Tiger TV. Price is above resistance. You've taken out a swing point, a prior swing point. The daily timeframe doesn't show any kind of a topping signal. If it did generate a bearish reversal candle, that would confirm a roadsman to indicator top. But 16.92 looks like you've got that in the cards. Not that it can't get up to 17. The actual real resistance level on this on the monthly timeframe is going to be up at 17.20. So, at this stage of the game, it does look like that is likely outcome on a... Oh, this is a 30-minute chart. Why do I have that? I don't know, but let's change this to the 30-minute. I want to hear real quickly a 30-minute chart here for GFI. Now, the 30-minute chart is showing that in the next four minutes, we could get a confirmed roadsman to indicator top. It's still neutral. Price is above profile, and it's also going to change up. But if it closed below 16.38, you're headed to 16.21 out there. So, I would watch that for gold fields. But it does look good. I'd stay with the trade. I don't have any reason for you to get out of it. I know that Don L. is a great guy. And you have to hold on to that until the month of May 1st. 18.22 should be its target. So, thanks for the request out there. And again, thank you for your service to our country. The last request out here is a ASPN coming out with earnings tomorrow. And let me just get over and make sure this is... Jesus, TV. Where is it? ASPN trading around 16.17. I just want to make sure ASPN, which is within sight. at $6.37, this has got trend line resistance out here. As well, if you just start from the swing point from, or you start from the high of three, March 22nd out there, you can draw a line down there. Price is trading into that resistance area. You've got a Rosemont indicator bottom at consolidation with insiders profiles. The weekly has got a nice TD nine count and Rosemont indicator bottom with price consolidated with insiders profiles. So the weekly say to us, you wanna get a close up of $6.44. If you get a close up of $6.44, Dan, you're headed to $8.49. Folks, stay tuned. We got great programming. The fireworks begin at about two o'clock. I would say more likely two thirty is when the real show begins. And I'll see you tomorrow on terrific Thursday. Please have a wonderful Wednesday. Thanks again for joining us. Be safe out there. Take care.