 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 October 10th, the magical Monday 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. Hey, let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, well, it means we can finally get in every set of circumstance 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. I do 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 at 877-927-6648. Now, if you can't dial in, we've got you covered there, too. Let those fingers do the walking. That means go ahead, send me an email. Now, you send that 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, and why aren't you? Any ping will do. So let's go ahead and get this show started on Magnificent Marvelous Monday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to the show right now. You get all the U.S. and C's trading to the downside. Dow's off 112. S&P's down 31. Nasdaq's off 100. 145. Russell's down 12. Semi-zero off 100. That's four and a quarter percent. Trendy's down 14. Gold's off 35. That's all over 2%. Silver down 69. That's three and a half percent. 8.4% percent. Light's recruiters off 69. Sets down three quarters of a percent. Natural gas off six pennies. There is nowhere to hide. Well, I take that back. You can always hide inside the U.S. dollar index. I do have a 10-minute delay, but it's up 40 cents. Trend out of 1 to 1308. But let's begin the day by what? Well, our first question is from Nicholas. Who wants to take a look at the SMHs? Since they're getting trashed and thrashed, why don't we go take a look at them first? We'll go back, take a look at equity futures. Things along those lines. So let's begin by taking a look at the SMH. We can see on a daily timeframe here, Nicholas, that today's close appears that it will close below a TD-9 count bottom. That TD-9 count bottom forming on September 30th. That low out there is 185.11. We're trading out a 186.7. A close below 185.11 negates that signal. Now, we can't see a rogement to indicator signal has been triggered. What that requires would be a bullish reversal candle. When the SMH is topped, it was a rogement to indicator top. If you're not familiar with that pattern, you should be. I'd love you to be. Just go sign up for Mastering Probabilities. If you do for 29 days, it costs you a zippo. And you're going to get an education of a lifetime where I condense basically thousands of hours into one little hour segments out there. So they're worthwhile. But in any event, Nick, if this pattern here fails, that says we have lower price. Now, lower price to wear. That was really, in essence, I believe your question. Well, we should read this question. It goes, good morning, Steve. Please go over SMH's wear support around 174. Would you also also go over the IWM support and resistance and the TD9 counts? It's always thanks for everything you do. So with regard to support levels out here, if we pull this weekly timeframe chart back, just a tad, at 170.46, that is a TD9 count breakout level. So likely that is the next target to the downside. You are in bar number eight on a weekly basis. This says that a TD9 count bottom could form between this week and two weeks out. I'm not saying that it will. I'm saying that it could. But right now, the next area of support, not on a daily timeframe, but on the weekly timeframe, is at 170.46 level. Or it could be, and Nick, you can draw this on in your charts out there, a little descending price channel out there. It could be targeting the bottom of that. Whereas that, it just depends on when we get down there. That could be in the 150s, though, easily. But the first answer to your question is 170.46. TD9 counts were in bar number eight on a weekly, on a daily. We're only going to be maybe in bar number two out here. On the monthly, it's bar number nine. But now this will not complete until the end of October. And even if it is bar number nine, it could be November slow. That could identify in the SMH is a TD9 count bottom out there. So Nick, as far as what else is it that you needed out here? What was the IWM? And also, by the way, let's do this here. So you're down about, not you, but the SMH are down 4%. If we look at a 30-minute timeframe chart right now, we'll see that it blew right through a TD9 count bottom. So not a good pattern out here, and it's suggesting a lower price. I see a little bit of a bounce right now. But nonetheless, you've got a pattern that got negated. This just looks like a little bit of a counter-trend relief out here. Otherwise, the SMHs appear to be heading lower out there. You want to look at the IWM. So we'll do that. We'll throw that up on our screen out here as well. Again, you're looking for support and resistance. Now, the IWM has not taken out its September. It's June lows. Yeah, it has not taken out its June lows out here. At least I don't believe it has. No, it has not. June lows all the way back here. But what it did do is it recently formed a TD9 count bottom. Did that on September the 27th out there. And that took price right up to resistance, which was in the center of its bullish structure profile. Because that profile had formed above price, the center became the area where a counter-trend moved to the upside would end. That's in fact what has occurred. And on a daily basis price to blow that red oscillator and chain line. That suggests that price wants to go target this TD9 count bottom. It's September 26th, September 27th level. That's really being confirmed. And as far as TD9 counts, bar number two today, likely don't know until the session closes. On a weekly basis price is below the bottom of its weekly profile, below its red oscillator and chain line. That is not a bullish scenario. So that suggests lower price. And on the monthly chart, you do have a TD9 count bottom. That pattern will get negated with a close below 162.78 during the month of October, or really any month after that as well. So that's what we've got going on here for the IWM. Nicholas, thanks so much for taking the time to write in. Oh, man, I'd love to take this call here. It's my daughter who just had a baby. I'm going to take it here. Hey, Shay, I'm doing the radio show right now live, but I took the call anyways. I love you. And I'll give you a call. Can we talk after the show? You got it. Okay, bye. All right. So there we go. Now she was in labor folks since, well, so Friday night, Friday late night, maybe six o'clock, seven o'clock. I sent her a little text said, are you seeing what I'm seeing, which was a full moon that was on the horizon. And she wasn't really due until late next week. But I said, and she was born on a full moon. So I said, it's going to be the full moon. And sure enough, it was, it was this morning, 533 a.m. Nice healthy baby boy out there. So, you know, I'll get better. We've been texting and everything back and forth. But, and she's up, she's up in the Atlanta area. So anyways, I'll get back in touch with her. So back to back to the charts out here. So the IWM, I think we covered that out here. So I think we got everything that you were looking for, Nick. But if not, right back to me, and I'll make sure that we get that information. So we're going to go to a break here. We get back from this break. I see some requests out or take a look at the U.S. Dollar index. So that's a good opportunity for me to actually reset up the system out here. Steve Rhodes with TFN. That was our 78 S&P down 26. We'll be right back. Inflation. We are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, devious partner, ready-development stage gold project. This, the gold trades on the New York Stock Exchange under the symbol VGZ. 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. 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, you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN Educating Investors. At 1-877-927-6648 internationally, at 727-873-7618. Welcome back, folks. So the charts that we've got up on our screen right now, the US dollar index up on top, the four panels out there and down below is the euro out here, and this is a request coming in from COTA. So COTA, you want the good news or the bad news? Let's go with the news news out here. Let's just take a look at the yearly charts out here. Now, it's not often that we get to talk about a yearly A to B equals CD up pattern out there. But that is exactly what we're taking a look at when I take a look at the charts out here for the US dollar index, obviously. The US dollar index is the best performer, one of the best performers this year out here. And there's nothing to suggest that it won't continue to move higher. Now, although this doesn't show the retracement level, COTA, both you and I can see that this is not a .618 retracement. I don't know if it's a .382 or it's between a .382 and a .5, but it is less than a .618 retracement. When you get that, you typically get more than a 1 to 1 A to B equals CD to the upside. So the 1 to 1 is going to take us back to the 2,000 highs out there. But odds favor, the US dollar index is going to go on and make a new all-time high eventually. But at a minimum, what we have here is we have a confirmed A to B yearly, A to B equals CD to the upside with regard to the US dollar index. So we take a look at the monthly timeframe chart out here. It's really confirming that same momentum message out here. What I mean by that is it was a TD9 count pattern that formed inside the US dollar index. That pattern had completed in May of 2022. And that pattern lasted for all of one month out there. Basically, a sideways hiccup move. When you see that, that tells you about a strong momentum move to the upside. And that's what we have. We're only in bar number six. As we speak right now, it's from a monthly standpoint. This has got three to four months to go to the upside before it would generate at least a intermediate term topping signal. If we look at the weekly timeframe chart, even though we've got bar number nine working this week, price has to take out bar number seven this week or next week in order to generate a weekly TD9 count top out there. And on the daily timeframe, there's that road's meant to indicator signal. But price, as you can see, is back above its green oscillator and change line. What that means, Kota, a green oscillator and change line tells you you have a rising price oscillator above zero. Those are bullish conditions. So therefore, even though the daily has a topping pattern, I would consider this to be neutral. I would consider this to be neutral to bullish because you have that rising price oscillator above zero. Of course, the US dollar index is going to be affected by the currency pairs that make that up the euro, which is one of them. And CKP says, I want to take a look at the euro out here. Well, the euro is basically toast out there. We can't call it, well, I guess we could call it French toast, just as we took a look at the yearly. Whoops, that was the wrong screen. That happened, but it did. Here is the yearly A to B equals CD price projection out there. So there's your A to B point on going to do here is take that same line. I'm going to copy it, paste it, as soon as I can get the access to it. We'll move it to the downside out there. So what the euro is telling us is that this is headed back to its lows from 1985. And it's got a long way to go. Now there is some support out here back in the 2000 area. But again, you've got that confirmed A to B will see the downside. Chances are the euro headed back to the 1985 level or lower out there. And that 1985 level and the 55 cent range is what it looks like on my chart out there. No reason for us to take a look at it. As far as the monthly timeframe, no bottom signal here. So that suggests lower price, just the opposite really of the US dollar index, even though there's four other currency pairs that make up the basket. This shows bar number seven. If a price takes that out, then you could get in that. So we have the bank account bottom out there. The daily timeframe for the euro, much like the daily timeframe for the US dollar has got a roadsman to mitigate her top of the euro has a roadsman to mitigate her bottom out there. But prices back below its red, oscillator and chains line. So the exact opposite of a green, this tells us we have a falling price oscillator below zero. Those are bearish conditions. So that's what I see when we take a look at I take a look at the US dollar index code. I hope that that helps you out. What I'm going to do here is close this chart out and then I've got just a little bit of housekeeping and it'll just take just a moment to do this, my apologies. But in order to get the proper data flow out here, I had to make some changes because of the data feed that I actually have for the US dollar index, which is really coming from eSignal versus where I get my other data feed that we take a look at for futures contracts. Okay, so Stevie's got those set up. Code, I'd also wanted to take a look at the NDX100. Code, we're going to take a look at the NQ. I hope that that is okay with you. And if not, I expect that you'll tell me. So we're going to get these charts here populated. Or did Stevie hit the wrong button? Stevie hit the wrong button. Bummer. Alright, so my little tire kind of been up most of the evening, keeping in touch with Atlanta headquarters on my son-in-law just to understand what was going on. In any event, if you just give me a moment here, well, let's go do this. Let me change pages here because we can always take a look at something while I go ahead and take care of that housekeeping. So it was the NDX100 that Code had asked about. Let's take a look at the bigger picture out here, Code. So let me do that and I can do that this way. So we take a look at the NDX100. Here's what you and I know as we speak, and that is this. Let's look at a large, now this is a monthly chart, not a yearly chart, but this is the monthly chart here, and we take a look at the A to B equal CD down pattern that is present. What this tells us, because we did close below the June law, is we did that in September. And so what that set up, what that set up is the potential for this large A to B equal CD to the downside. Now, the first price projection level, should this come to fruition out here, is at $79.93. $79.93 is the one to one. The retracement here is a 46% retracement. Prices along these inside left on the C to D line. If that continues Coda, this suggests more than a one to one A to B equal CD to the downside out there, and that could get you into the 64 35 area. So that's the bigger picture. We took a look at the bigger picture of the Euro, the bigger picture of the dollar. Here are the bigger pictures of the indexes out here. The only one not closing below the June lows out there has been the Russell 2000. The Dow most certainly has this one to one price projection 26982. One to 1.272 is a 24 at 996 level. The S&P it's 3143 and 2822 to the downside. Again bigger picture out here. The semis 1405. We took a look at other sets of charts. We didn't take a look at the large rate of B equal CD pattern. So 1405 is the one to one 948 is the one to 1.272. The trannies, they could be targeting 9802 or 8306 out there. So that's the bigger picture as to what's going on with regard to the play by play out here with George Kell. Let's go take a look at the NQ and kind of see what's going on in the short term timeframe chart. If we begin with a 10 minute timeframe, what you'll see out here, that's your bottom right panel. You can see a nice TD nine count bottom that formed here at 1110. What price is doing is what it should do when it makes a bottom pattern. Get up and test its oscillator and change line. It has done that 10,000 own 10,000 988 basically. Now price can take that out. It's got at 10,998 the bottom of its profile. That is the level on a 10 minute basis again play by play play here that it needs in order to go ahead and try to make this a double. What I mean by a double is get up to the next profile level. That's an 11 029 out there. But right now all the price is done is just a little bit of a relief after a short term bottom signal. And it's dealing with that resistance that resistance to that red oscillator and change line steep road with T F and N. If you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee. So you have nothing to lose every Monday morning. I published the gold report with coverage of gold, silver bonds, the XAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting T F N N dot com. Don't miss out on the next great gold trade. Sign up today. T F N N is excited about our new software charting program, the art of timing the trade charts in collaboration with Tom O'Brien and using his best selling book, the art of timing the trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleaf, ABC's butterflies and much more. The art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend these weeks or even months searching to find and right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting T F N N dot 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 T F N N. You'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either T F N N airs live financial content streamed live on T F N N dot com and T F N N'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 8 different shows with expert hosts to help you make the right moves with your money. Watch online at T F N N dot com or on T F N N's YouTube channel and become the investor you were born to be T F N N 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 T F N N dot com back up folks so we're taking the N Q out here which you know is giving the signals earlier and maybe it still is giving the signals of at least a rally attempt. They were the sets of charts here that had done that so we're not looking at Apple right now but just so you know Apple has pulled back is tested and rejected profile the bottom that profiles 139 39 sets level to be watching straight back into last Monday's a swing point of October 3rd which had volume there but about 114 million shares so far in the first two hours of trading you've done 28 million so it's called 30 times two and a half you know it's you get to maybe 100 it looks like it's a little bit lighter volume nonetheless so knowing that Apple held support and if we combine that with the daily timeframe for the N Q having a buy the D point pattern again that's the lows from October 3rd out there then we take a look at a five hour chart it actually completed a TD nine count bottom at nine o'clock this morning now if price closes below that low that this candle here does not complete till 2 p.m. so that TD nine count remains affected till 2 p.m. but a close blow 10986 even Steven the gates that signal TD nine count pattern is also on the four hour time frame chart again 10986 and then that here was forming at the breakout levels for right now that area is under pressure now this candle here closes at 2 p.m. well another 2 p.m. candle four hour chart the two hour time frame chart also with the TD nine count bottom now this candle closes at noon and so again a close blow at 10986 level negates that signal would suggest lower price of price close back above that by 12 noon 29 minutes from now then we should see at least another rally attempt not a bottom bottom a rally attempt out there so it's really the NQ's that I would pay attention to we can take a look at Apple let's do that here real quickly let me get these other charts up on the screen let me get to that tab and we've got the IWM but momentarily we'll soon as this here populates we'll change this over to Apple just so we can see what it is doing a AP man this is a bummer okay so Stevie's that's not going to work so Stevie's going to have to jettison this that's a bummer after a six minutes to go in the show so I've got to reboot that whole thing and that's what I will do so it'll take just a take a bit so now what I want to do then is go to game plan B to Stevie have a game plan B always has a game plan B or he tries to but Hector writes then and that's part of the game plan Hector writes and Steve oh congrats oh thank you happy full noon perfect Occidental support please so with regard to Occidental patrolling what we're going to do here right now Hector is go to my black background charts let me change the screens out here and what we're going to look at I can't give you the oscillator and change line levels but we can take a look at an Occidental petroleum it's going to be where is this trading in relationship to profile levels daily weekly and monthly and as soon as I can I will get the I will get the other system up and going let me just check on one thing out here maybe I can get that rolling here pretty quickly but with regard to Occidental patrolling what you can see out here and I'm really multitasking you've got price trading below it's a brand new profile that is forming today out here the top of that profile resistance Hector Patty 7088 prices just a bearish structured daily profile so close below the center of that which is 6739 we're trading at 6718 would suggest to move all the way back to 6157 so that's what the daily time frame chart is communicating to us the weekly time frame chart shows just a big old consolidation basically between profile levels those being 5378 to the south and 7179 to the north last week price got up to the 7204 level again 7179 being resistance weekly or the monthly time frame chart also showing resistance at the top of its profile and that is at 6924 let me see if I can get this thing here rolling so far so good we're going to switch screens out here we're going to give the additional information that Hector was looking for on Occidental patrolling and that would have been TD9 counts as well as the oscillator and change line so as this populates we'll have that momentarily Hector and the oscillator and change line which recently changed colors as its price target and that's at the 6555 area again that never is going to change as price moves up and down and price is able to tag that level reject that level move higher that would actually be a bullish message and could be a signal to us that Occidental patrolling is going to form an A to B equal CD to the upside wait a minute Steve oh you just told me it's headed to 6157 so this set of charts here does not show the new profile that is in essence going to take effect today out there but we do have this additional information even knowing that this new profile was supported 6157 Stevie would still respond by narrating the chart the way that we just did which is that oscillator and change line really becomes its price target on a weekly basis not much additional information to share with you here so Hector and Patty thanks for the kind note and you have a magical Monday thank you as well Nicholas Mike writes in Portugal Mike take your pick very cool okay thanks so thank you M squared okay so no other requests here I don't believe there was anything inside the Tiger's Den but on Friday one of our Tigers had asked to take a look at SNAP SNP SNAP it was actually SNP inside the Tiger's Den that wanted to take a look at SNAP so let's go take a look at that here just to kill a little bit of time then we'll go take a look at something else although I do think there is another request out here let's take a look at SNAP what SNAP is doing right now is trading below the bottom of its daily profile SNP but it's pulling back and testing its oscillator and change line a close below that level that level is 1041 where 1044 would then suggest price moving back and testing October 3rd swing point or the monthly time frame out there so Peter in Park City wanted to take a look at the 30 year on all time frames out there so we can do that for you Peter so give me a moment here we'll go over to that set of charts that set of charts here will populate this will show us our monthly weekly daily and then some of the intraday charts out there so what we know about on a monthly basis is the month of September was a TD9 account bottom of course what that means that price has to continue to close above on a monthly basis the level of 12330 we're trading at 12327 3 ticks below right now of course it is only October 10th out there so too early to say but if price does close below that that really just supports that yearly A to B CD down pattern that we were taking a look at Peter out here so that's a monthly time frame chart the weekly time frame chart is going to form bar number 9 this week price is now gotten below bar number 7 so this could form a weekly TD9 account bottom between this weekend next there's also rosement to indicator signal triggered that really means what it needs a bullish reversal candle to confirm some type of bottom we take a look at the daily time frame it did form a buy the D point and TD9 account bottom that will get negated with today with a close below 12330 so on the monthly chart you know still maintain that TD9 account but starts to really kind of get this suspect when a daily takes out that swing level on an intraday basis out here Peter I don't see anything other than a 16 minute time frame an hourly time frame chart that isn't bar number 8 right now bar number 9 will not complete until 1pm and then the bar following bar number 9 is 2pm so you could get a short term bottom signal that forms between now and 2pm out there but nothing that's going to suggest that we've got some kind of major bottom in the 30 year Treasury at least not the way that the chart patterns are present as we speak right now so thank you very much for the request out there and your kind wishes as well and SNP's got a double he wants to take look at EQT so we're going to do that for SNP inside our Tigers den as soon as we're back from the spring Steve Broderick TF&N you might think that if you want to be successful 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 the 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 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops the set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37 in 50 cents sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk-free today with our 30 day money back guarantee TFNN, educating investors Are China A shares hot or not? If you trade China 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 foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGC back up folks so we got the charts for gold up on the screen out here the dailies the longest time frame that I'm showing right now on the daily time frame chart what you'll notice here is a nice roadsman to indicator bottom that indicator that bottom formed was a TD9 count as well the TD9 count completed on September 27th on the following day that completed a roadsman to indicator bottom that took price right after resistance or the resistance zone the top of its TD9 count breakdown is 1742 90 we take a look at the and now prices pulling back it's blow the oscillator and change line I like to get a target one of the two profile levels out there those profiles around 1668 1645 we take a look at a five-hour time frame chart this just blew through a TD9 count pattern now again this five-hour bar is not complete till 2 p.m. so it could be too early to call but it looks to me like gold wants to go target 1666 is that the devil I don't know we look at the four-hour time frame chart out here you are in bar number 8 of a TD9 count that will complete at 2 p.m. that says that between 2 p.m. and sometime early this evening the four-hour chart could go on to form a TD9 count bottom perhaps around the TD9 count breakout level 1667 the two-hour chart no bottom in sight the 16-minute chart no bottom in sight the 30-minute chart no bottom in sight the 15 and the 10 do have some roads meant to indicator signals that have been triggered price been unable to get above that red oscillator and change line so that's not much of a relief rally doll so gold does look like it wants to head lower out there what happens if it takes out that roads meant to indicator bottom from just a couple of weeks ago so that is a great question and answer that question since I know somebody had it out here we'll go switch pains window pains that is we'll go to the black background chart so we've got some longer term time frames and here I'm using my synthetic contract so sometimes profile levels of pricing might look a little bit different but we can see at that 1645 level the bottom of the daily profile 1641 90 is the bottom of the weekly profile 1603 90 is the bottom of the monthly profile if those levels fail then the next profile error support would take us to the quarterly time frame it is bullish in structure and in between 1467 and 1542 those are areas that cannot be ruled out but right now price would have to first crack through those other levels of profile support in order for that to come to fruition out there we've got a request from SNP SNP thanks for being my wingman out here he wants to take a look at Tesla TSLA Tesla had a nice little bounce earlier this morning on his 30 minute time frame chart which ran right in resistance to bottom of that profile so let's go see what it is doing as we speak right now now this on a 30 minute basis when I pointed that out inside the Tigers Den was because it had formed a rogment to indicator bottom it did so via the use of a key reversal bar key reversal bar is where the current bar exceeds both the low and high of the prior bar that's step number one step number two you must be in an extended conditional I can guarantee if there's a rogment to indicator signal present it is in an extended condition number three you've got to close one tick in the opposite direction in this case here to the upside it did that and while doing that it also ran right in the top or the bottom of that profile now somebody out there might say wait Stevie you've taught me the bottom the profile of support where bars are lined up and that is absolutely correct however sometimes support can become resistance and when that happens is when price closes below that level now what we can see is price made its way up there and that's what's going on on the very short term time frame of course that's using a 30 minute chart if we look at the daily time here for Tesla not looking good why because it negated a TD 9 count bottom it did that that three or four days ago so it is heading back to the Lowe's from May the Lowe from May the Lowe from May the Lowe from May the Lowe from May the Lowe from May the Lowe from May the swing point looks like it may be the May 24th level which did volume of about 89 million shares today so far just a couple hours of trading this has done 36 million shares so this is moving lower with some volume so what Tesla should do has it made its way there to the swing point but it should target that May 24th swing point that's the daily time frame signal if we look at the weekly time frame here for Tesla we can see that price made its way back to its TD 9 count breakout level never formed a TD 9 count bottom but it may be targeting this suggests a target of the 209 area so I guess it's back to what we were looking at on that daily time frame and on a monthly basis what Tesla has is potential support at its bullish structured monthly profile and S&P that's in the 205.54 level so you've got a little bit of a relief going on won't mean a whole lot unless that price can close above 230.83 you're trading at 223 and change out there and odds favor that what Tesla will do will go target that 227.08 level so hope that can help you out Peter want to take a look at the advanced client oscillator let's go do that for all no did I do all the Tesla charts I did and I left it on the black background chart shame on Stevie here's those charts I just open them real quickly out there so here's the May 24th level the test is likely headed to on the daily time frame you can see on the weekly time frame the TD 9 count breakout level that's at the at 209.08 and here you can see the bullish structured monthly profile for Tesla 205.50 there's a 30 minute chart there's a bottom of the profile 227.08 my apology S&P for not having those charts for Tesla up on the screen as I went through them the New York Stock Exchange advanced client oscillator let's go change back to that black windowed screen where we can pick that up for Peter and as we do let's go see what can we find out here what is this communicating to us excellent question Stevie just has to find it where did it go there we go so now we take a look at the New York Stock Exchange advanced client oscillator it is below zero Peter it has been below zero for two days that sells says sellers are the ones that are in control of the general markets out there there was a originally a divergence that divergent led to a two-day rally that pattern really is not so much in effect out there at least not the way that I'd like to call so with regard to the advanced client oscillator Peter it is back below the zero level that tells us that sellers are the ones that are in control of the market of course you didn't need Stevie to tell that to you the next request from the Tigers then coming in from G-Man so what we're going to do here is we're going to change screens we're going to go take a look at Boeing ticker symbol there is B.A. and as we have Boeing charts here populate what do they tell us well they show a nice rogment to mitigate her bottom and what price has done so far G-Man is it's just consolidated with inside its daily profile which for Boeing is between the range of one twenty eight oh three that support resistance one thirty five thirty one Boeing hit resistance earlier in the game if they can close above that level again that level being one thirty five thirty one that would be a bullish outcome and that would suggest a further rally and that would also take price above its weekly oscillator and change line which is what needs to happen so you need to get above that close above the top of the daily profile to suggest that well we would see out here in Boeing is a further rally on a monthly timeframe I don't have any kind of a bottom signal out there we need a bullish reversal candle in order to confirm a rogment to mitigate her bottom so that's what I see when I take a look at the charts for Boeing I hope that that helps you out you being a G-Man and although not a request out there there is a NVIDIA was just posted in the adents we're going to break out here I'll just put up those charts for NVIDIA let's take a quick peek see what they're telling us we know the semiconductors getting absolutely hammered out there and they're not even drinking tequila the daily timeframe to get an erosement indicator bottom the weekly timeframe says there could be a bottom TD9 count that four is between this week and the next two that's what the NVIDIA charts are communicating to all of us, Steve Rhodes with TfN we'll be right back Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold Project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol 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than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Day available to all tigers and tigers for just $1 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 welcome back folks as long as we've got the NVIDIA church let's go ahead and complete this out here so we know that right now if price today closes below the low from September 29th that's $1,946 it'll negate its rogment to the indicator bottom it still has another one triggered it would require a bullish reversal candidate to confirm that we're in bar number 8 on a weekly time frame out there we don't know if we'll complete a TD9 count bottom still has to do bar number 9 it would suggest that you wouldn't get much rally inside over the next couple weeks in NVIDIA because you'd need to close below $1,2516 next Friday but it does have potential out there the monthly chart you're going to form bar number 9 this month it's early in the month of October of course that pattern may not complete until November or may not complete at all out there so that's what's going on we take a look at NVIDIA there was a request if we could take a look at ticker symbol MSOS MSOS so let's go put that up on the screen I'm not familiar with that not that I need to be familiar with it because we're really agnostic as to what chart it is that we're looking at but MSOS is pure U.S. cannabis ETF out there wow a gigantic day that this had on Thursday now talk about wide ranging bars out there and that would suggest that price should go up and tag that 1328 level so you got a nice TD9 count bottom that formed out here this is from COTA that was on the trading day of September 27 now what is it doing it may just simply be pulling back to test support and that would be the top of its profile 1094 there's also support if you take a look at the weekly time frame price ran right up into it last week it's between the range of 1228 and 1331 you got the potential for roads with the indicator bottom on the monthly a TD9 count potentially on the monthly as well but in order for that that's still a potential out now I take that back price needs to close below in order for that to happen on a monthly basis COTA 1035 at month and you're at 1131 right now hey but the bullish reversal candle would give you a nice roadsman to indicator Bob so this has real potential it's pulling back I'm assuming you're looking for an entry area into MSOS so 1094 1051 1030 and 1002 are the levels out there that's the best I've got right now folks stay tuned you've got great programming lined up I'll be back with you on terrific Tuesday please magical marvelous magnificent Monday take care folks