 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks. Welcome to the November 10th The fantastic Friday edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past. Hope everyone out there's having a great day Hey, let's make sure we have an extraordinary one now the easiest way to do that It'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 means we can find the gift in every set of Circumstance that life is gonna toss at us now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bowls 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 know, I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone You can dial on in at 877-927-6648 now if you've got a question But you can't call in we've got you covered send me an email send that off to Steve at tfn.com And it's on the subject heading please put radio show question now if you're inside our Tigers Then well then any in every ping will do so let's go ahead and get this show started on Fantastic Friday, of course, this is Tiger financial news network. I'm Steve Rhodes Welcome to the show right now. I get all the us indices trading to the upside down sub 142 S&P's up 27 Nasdaq 100 167 rustles up two points basically one point some eyes are up 79 trainees up five points I've got gold trading down 22 bucks silver's off 47 cents lights recruit up about 23 natural gas down a penny in a 30 Treasury up nearly one point trading out at 113 27 now leading the charge Dollar wise the upside you got Broadcom. That's a 25 point move nearly 3% lamb research 19 point move 3% there KLA corp down as up us Nearly 16 bucks 3% micro strategy 16 bucks 3% there as mill holdings 13 bucks 2% those are the movers the shakers Diego adr ea down 20 bucks that's a nearly 13% move aluminum down 15 bucks or 13% the trade desk 13 bucks 17% move there regenerated off 11 T ko group holdings down 8% that's nearly a seven dollar move So we've got plenty of movers and shakers, but let's begin the day. Let's actually begin the day with the question that came in from Nicholas Nicholas asked the question is it time to go short the markets out there? Let me just reposition this here. And so I think that's a really a great question. So How are we going to answer that? We're going to answer it a couple different ways. We're going to take a look at our tools and our indicators out here And let's begin by certainly making sure that you're aware of new daily profiles that have formed in three of the four equity future contracts You're going to make note of these now in the case of the es mini upper left hand side You'll see that support is down at 43 39. You'll see resistance at 44 13 In the case of the nq. It's a bearish structured slightly bearish structured profile The es mini is a bullish structured profile and this has support at 14 996 and resistance at 15 453 75 So Nicholas if the answer to the question is yes Or even if it's maybe it's a it's a kind of a 50 50 And you're willing to take a risk on it then right now is about as good a time as you're going to get Why because price is trading up towards the top of that profile 14 429 is where the nq is printing 15 453 is the uh resistance zone So basically between now and that price level would be the area where you could put on a short position We'll go take a look at the answer should you put on a short position? But if you're asking when and where would be the time then you have to say it's basically just about right here right now With regard to the dow equity future contract now, this is a narrow bodied A narrow bodied profile that is formed with support at 33 880 the low of the day has been 33 913 Out here. So this this is held question is do I would prefer to answer your question this way If you see a close in the dow equity future contract below 33 880 Then yeah, probably it is time to go ahead and take a short position in the indices Maybe you take it in the dow. It's a little bit weaker than the nq out there But still how you've got those new profiles and those are important to have for you in the case of the russell 2000 It informed a new profile below price now That meant that price was above that form other than two consecutive sessions If it's only a counter trend moved to the downside where price would or should find support would be between the range of 1681 to 16 95 out there Because that was a bearish structure daily profile. So that's our first set of data and our first set of facts out there Let's go take a look at Let's do this here Daily and weekly We're going to switch panels. Give me a moment here. We'll get over to the white background screens And here on the white background screens, we're going to be able to take a look at these four Daily equity future contracts along with their weekly counterparts down below. So beautiful rally that we had last week Uh, you know, one of the best of 2023 for sure But what we can see and looking at that bottom panel is that each of these instruments the dow We will come back to that has basically found resistance at its oscillator and change line Now in the case of the nq nicolas, this is important For example, if we saw it closed about 15453 75, that's the top of its daily profile That would tell us that price likely not guaranteed But likely wants to go target the 157 19 level But today is going to become well at least as 1112 Today is going to become bar number nine of a td9 account as long as the day closes above the close of bar number five The close of bar number five was 15 230 250 You'll get that td9 account pattern that we'll confirm today now It'll complete on monday But a price close above that level again that level was the top of its profile on a weekly basis We're going to get a top above a green oscillator and change line We have not seen that market condition for quite some time out there and that would be a bullish condition out there My apologies. I'm just trying to get my cursor out here. We haven't seen that since july 28th So we want to watch that what is that that level specifically 15 466 as we speak right now called 14 467 would be the number so watch that for a price close now in the case of the dow equity future contract It is actually testing it closed just slightly above it last week it being the oscillator change line But even if it does close above it this week, there's resistance right at the 34 473 level That's the top of its weekly profile now if price were to take that out Then we'd have because this is a gartly buy pattern Then we'd have to say that the end or the dow equity future contract definitely wants to run higher So it's real key level there is going to be 34 473 even though the top of the daily profile is 34 315 and the yes many what we so far have is a test and rejection But what we don't have and we had a test rejection in essence of the top of its daily profile yesterday We don't have a topping pattern here And we go take a consecutive days up over it having we go to the nasdaq 100 or nq We had nine consecutive higher closes So you know the market had to pull back was yesterday just a one day wonder on a pullback I don't know we're going to continue to try to answer this question So how are we going to do that stevo? Well, one of the ways we're going to do that is we're going to look at what's underneath the covers We'll get back in this break and that means we're going to look at the magnificent seven See how those are performing why the magnificent seven because inside the ndx 100 they represent about what was it 44% So these seven stocks are all we have to analyze try to understand and answer Nicholas's questions is a time to go short the ndx 100. 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 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 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 basal 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 basal chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing it 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 Toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. So we're trying to answer Nicholas's questions. It's time to go short the NASDAQ 100 We're looking at we we spent that first session looking at the nq itself It's profile levels really the equity future contracts just to get a general feeling of where we're at Now what we've got up here are the magnificent seven they represent I think about 44 give or take of the weighting inside of the ndx 100 So when we take a look at apple it is going to form bar number eight today of a td9 account There's also an a to b equal cd pattern in order to achieve the one to one level its price target is 185 46 But here's the b to c retracement. Let me get my cursor out here in the case of apple Took place on the days of november 2nd that high down below on november 3rd Now that retracement was about 37 36.58 to be exact pretty close to the 0.382 retracement So we're going to say this qualifies as an a to b equal cd pattern The interesting thing here, they've got two patterns that are at play typically If what you do is basically a 0.382 retracement as your b to c leg Odds favor 60% or more odds favor you do more than a one to one a to b equal cd pattern The one to 1.272 would get you up to 188 now We're going to respect that td9 count bar number eight is likely to form today bar number nine That means on monday all it needs is a close above the close of bar number five. That would be 181 82 So it does look like apple will get us a td9 count top So I would say today Perhaps is not the time just simply with regard to apple that is nicholist apple is suggesting That it's going to move higher and that will certainly help to keep the ndx 100 moving higher as well Microsoft is one to watch today and the reason it's one you want to watch today is because yesterday It completed its one to one a to b equal cd pattern the upside. Why do I say it completed? I say that because it was a bear sash candle Now if price able to close above yesterday's high it's traded above yesterday's high nancy That would negate that signal and tell us that we're headed higher So right now what you want to watch is 364 79 at day's end if price closes above that Microsoft has given us a signal that it wants to move higher out there now move higher to where Turns out the one to 1.618 a to b equal cd pattern that is underway here. Well, actually that's uh That would be this let me let Hold on a second. I'm sorry my other screen I just need to make one modification here. So give me a second Because I use a different a to b equal cd Way back when so right now this has achieved the one to one as we take a look at the one to 1.272 price projection area Nancy would be at 373 69 Nancy asked about Microsoft That's why i'm using her name here If you take a look at the monthly the weekly time frame chart even the monthly time frame chart But the weekly is taken out. Let me get back. I don't have the weekly here All right, let's just switch panels and gosh I sure hope I remember to switch back when I go to the next thing But let's just take a look at this Let's do a thorough review of because apple and microsoft are the two top way. It's like 22 So nicolas going underneath the covers is what's helping you and I to really answer a question with regard one of the odds Or what you know when it is now the time to take a short position inside the nq So now that we're on the and i'm just going to turn out open up the weekly chart period So you can see That a to b equal cd pattern. I'm not going to really worry about that fact I'm just simply going to get rid of it. We're really looking at on the weekly base What's microsoft doing it is taken on the swing point from july 17 now big volume on that week It was 228 million shares. We're not going to get anywhere near that today But if you do get a close above that level you're at all-time highs Yeah 36678 and to me that says that we had higher as well We take a look at that monthly time frame chart you'd be above all resistance levels out there I mean this could be a gigantic a to b equal cd the upside I don't want to go there just yet But right now what you want to watch at least today, nancy is microsoft and whether or not it can take out yesterday's high And again that number was 364 79 out there. That's also the top of that daily profile So right now. Let's just go with the fact that microsoft now. This is going to form bar number eight here too But and so this could form a td9 account top on monday or tuesday of next week out there But this still says today would be too early Maybe we got it. We're gonna have to take a look at this on on monday monday tuesday in the case of google There's no top in place. In fact google must spike above yesterday's high To be between now and tuesday at least that's one of the things that it's got to do right now with bar number eight It has to close the day in order to retain this pattern close the day above 131 45 But in order to get to a td9 count pattern price has got to spike above that 133 96 There is not a top inside of google as we speak right now And today's initial pullback has been nothing more than a test of support both the top of the daily profile Assessor and change line this says strike three This is not giving us a cell signal not the top three instruments inside of the ndx 100 I believe that the top three Because we'd put both googles together would be somewhere right around 26 27 percent We take a look at amazon it absolutely has formed a top It's a td9 count top now no matter what kind of top you form or what type of bottom you form What kind of top you form out here all it does give the ability for price to pull back and test support Where's the first levels of support inside of amazon the top of the profile is 143 87 So that's not supported trading below that and it's a bearish structured profile That says it's really important to watch 139 87 Buyers and sellers are there so far that level is held if that level failed meaning to close below 139 87 That would then suggest a move back to 137 28 or 135 21 Those would still just be tests of support You've got a break support to tell us that that top was truly meaningful But yes in amazon you do have a top out there in the case of nvidia You don't price must spike above yesterday's high Any time between now and tuesday in order to well today that would trigger Well, I won't trigger bar number eight It would be a active bar number eight from the standpoint that a high must occur on bars eight nine to the bar following nine So the level to be watching here if you get a spike about 482 30 This could be setting up a td9 count pattern But again, this says today would be too early tesla Consolidating with inside his daily profile not giving us much of a signal here And finally we take a look at facebook today will become bar number nine of a td9 count as it deals with resistance at its breakdown level That was at 325 94 So i'm thinking that what the the answer to your question nicholas is no I think today is too early and this needs to be revisited on monday and tuesday of next week out there So hope that answers your question. Hope that answers a lot of people's questions with regard to What's going on inside the markets out there? And I think the ndx 100 is one of the places where we've got to get our p's and q's the other area To get our p's and q's from is going to be the semiconductor index, right? So let's take a quick peek at that before we get back to requests out here before we actually begin taking a look at requests We take a look at the semiconductor index out here. What do we see? We see no top whatsoever none No, it can be a top just getting back to your breakdown level resistance. That's at 35 57 23 We're 35 39 right now But with regard to topping patterns other than that We don't have anything and if you look at the weekly time frame chart Which has a gartly by pattern price right now running into resistance. That's at green oscillator and changeline microsoft still showing Oh my goodness gracious, uh Sorry, I did forget to make that change. Well, son of a thank you john. I appreciate that um I hate doing that Okay, well take a look at the socks. I'm gonna go back and put up those charts there for the uh Magnificent seven, but here's the semiconductor index again. No topping pattern whatsoever nothing No way to be equal cd pattern. No nothing The only thing is that key level of resistance that breakdown area 35 57 here I was getting to the weekly chart if there's a close today above 35 44 There's close above 35 44 That says the weekly chart that'd be the first time that we'd see a close above the green oscillator and change on the weekly basis For quite some time that would be a bowler signal right now. You can sound the monthly basis It is a bullet signal with right back 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 cell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk Subscribe to tom o'brien's gold report newsletter now At tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money watch online at tfnn.com Or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors tfnn has just launched their new trading room the tiger's den Hosted at discord tfnn has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just $1 for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers 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 dense tfnn.com and hit watch tiger tv Welcome back folks. Let's go to our first request out here Second request really for the day coming in from vicki. This was from yesterday Big you want to take a look at the kre out here and we take a look at this I don't have a well. I take this back There is a certainly a sell the d-point pattern that was confirmed out here began november the six And now again get a topping pattern out here. What does price do it pulls back to support? That's exactly what it's testing today and support is both its oscillator and changeline That's currently printed at 40 87 and the top of its profile 40 77 So the move lower may be over inside the regional banking Sector out there on a weekly time frame. We're trading below profiles out there So it's not the greatest of messages you're consolidating with inside profiles on the monthly time frame So is this a buy? You know what happens is that when we get to a level of support on a daily time frame We like to see some type of bottoming signal in the short term charts And when I take a look at a 30 minute chart out here, I don't have one vicki I don't have and that's on the 30 minute I can change this to let's say a 65 minute chart Just as another example one of the other time frames that we would use for an instrument that trades For 390 minutes a day now on a 65 minute chart There is a td9 count pattern that is going to confirm at 11 40 So another nine minutes from now and that pattern will complete that another 65 minutes after that So that would be what I said 11 40 that would be a 12 45 out there. So a quarter one On a short-term basis the kre should have a bottom And as long as it remains above that oscillator and change line It would be suggesting to an eye and move up to 41 92 40 209 or 40 218 That doesn't mean that it has bottom on the daily time frame But it it adds to the idea that that has some potential To it with regard to the kre if we take a look at its daily cycle to the downside What we're in right now is potentially day number five. That's if we get a close below yesterday's low We have seen this move lower for six consecutive sessions here Recently so one be out of the question to finish lower today and do so for the next couple of days And then get that typical two to three day rally that would typically form out there So has it bottomed it's got potential out there watch the 65 minute chart And if you get a close below 40 77 the answer to that question is absolutely not So hope that answered the question I think we're also maybe trying to add to a position or maybe you're trying to add to the position inside of paypal So let's take a good paypal and with regard to paypal We'd be looking for some type of bottom first when we look at the daily time frame chart Here's what we know prices trading above resistance and resistance would have been at 52 84 I don't see a bottom But maybe there was need to be equal cd to the downside that was confirmed with this gap to the upside on the trading day of november 2nd If we look at then I don't need to go back and take a look at that because on the weekly basis Last week much like we took a look at with many of the indices equity future contracts and also instruments You have a roadsman dominicator bottom Many of them have currently buy patterns But basically last week was a bottom a significant bottom a pattern for a number of the weekly charts out there Well pay pals one of them So that'd be a reason now what pay pals been unable to do is get above the center of that Weekly profile out there and on the monthly chart it has not confirmed a bottom there So let's assume we've got one on the daily one on the weekly chart out here Where would you add to a position? Well the answer to that question would be a pullback to 52 84 That's a top that would really be testing support. We're not testing support there The other option would be taking a look at those intraday charts. Here's a 30 minute chart for paypal What do we know? We know it has a td9 count bottom that td9 count bottom Completed at 10 30 Now if there were to be a close below 53 94 not a test of that level but a close below 53 94 The message of paypal is probably it's an a to b equal cd to the downside On the 30 minute time frame and it could bring out its breakout area back at 51 14 We're trading about 54 19 as we speak right now So you do have the potential for a bottom inside of paypal on that 30 minute time frame chart The first thing its first objective would be to bounce up towards that oscillator change on a 54 58 or their bounce and a close above that would say oh, I want to move up to 55 74 We don't have that signal just yet, but you do have a td9 count bottom pattern So that's the best that I could so if you're looking to add You know, this could be a place out there I just would like to have a better signal on the daily time frame out there And I just don't have anything to work with so I hope that helps you out Vicki thanks for waiting an extra day to get to those symbols out there and much appreciated Alton wants to take a look at Pfizer. We've looked at Pfizer I think we've looked at Pfizer a few times during the week out here No problem to look at it again and Alton's question is where the Sam heck is support now He didn't exactly say it like that But but I'm saying it like that and the answer is well It could be whatever the low of this week is that could be support The only reason I can say that because this will complete a td9 count bottom this week Now the cool thing there Alton is that I don't know if you're long this position You're trying to enter into a position is that if we see a close below this week's low Whatever that is next week that tells us about a strong downward momentum move Now the monthly chart is preparing to form a td9 count bottom But that's not until months end the daily time frame chart As a wave number seven bottom it has a roadsman to indicator signal that's been triggered That requires a bullish reversal canvas So I would wait for that before you would fire away at anything here And then what you've got to deal with or what it has to deal with is resistance levels right now The first resistance levels 29 95 the second is at 30 52 followed by 31 11 followed by 31 71 out there So those would be the battles that you'd have to be dealing with So you're asking where support the best level of support that I can give you with regard to fizer at this moment in time Let's just pull back the monthly chart to see what that we're looking at here Is uh, it's going to be a low at the end of this month now Curiously enough there's a swing point from march of 2020 and that march 2020 swing point did volume of 967 million shares last month you did 681 so far It's just so short into the month we're about 200 million 193 to be exact out there 246 let's say if you're to break the month into threes It's still coming down to that swing point with light volume But maybe what you like to do is see that low get tested and that low is 27 88 out there near 29 bucks as we speak right now. So there's potential with regard to uh fizer out there Um, and I do hope that that helps you out alton and thank you so much for the request Let's get to our next request out here. This is coming in from rachel Rachel wants to take a look at ticker symbol b l te was able to get that out there. Let's see b l b l te So we take a look at b l te and I believe rachel was just recently got into a position here So rachel, here's the one thing that we know and that's that two days ago What b l te this is belight bio did was it formed a roadsman to indicator top? See that little bear sash candle that formed out there that was a confirmation We can see the triggers of the roadsman to indicator signal and the trigger gets confirmed with a in this case here A bearish reversal candle now Well, we can see that took place yesterday Was price got down and tested support and that support was the bottom of its bowler structure daily profile and that support Is 37 14 So in essence, we have a bearish We've we've got a bearish pattern roadsman to indicator that has already tested support in its held I'm going to put this in the neutral camp. I know you're considering maybe exiting the position I'd only considered doing that if price closed below 37 14 Especially knowing that we got the top from two days ago Yesterday was the attest of support out there and when I take a look at the weekly time frame chart Last week it negated its td9 count top In fact, there's an a to b equal cd pattern to the upside Was that b point taken out with volume the b point had volume of 582,000 shares last week this did 1.1 million shares We're going to further take a look at b lte for rachel. We get back from this Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 or t bonds as they both influence forex markets tremendously When you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive 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 Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns, you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry pesavento on stocks you need to pay attention to 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 etf's china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Folks so we're take a look at this stock b Lte belight I think that's how you pronounce a bio ink and this has a confirmed a to b equal cd pattern To the upside now It's got some deal It's got some resistance that has to work with because that daily rogement indicator top And that until it clears the high of november 7th that high is 40 60 will totally negate that pattern out there It could just be a consolidation But this has a a to b equal cd on a weekly basis that has a confirmed Price objective of 52 35. So I would definitely stay Inside that that position you can consider closing it to get it closed below 37 14 Out there, but right now rachel. I think you're in a good spot So I do hope that that helps you out and let's go to our next request out here and I kind of screwed up Sorry about that. I think prep everything. Let's go to uh, you just kind of wait for it to populate in the ticker symbol here Is b u r and this is for jack double triple sevens out there James now it's 007 that that's just the one-armed band of jack and so we're taking a look at b u r And i think was just for an analysis. So this formed a nice td9 count bottom You've got a new profile that formed yesterday. It's bearish in structure out there It's so price is consolidating within it it being 13 47 is resistant between 13 22 and 13 47 is the resistance Owned and support is down to 12 86 now We don't have any kind of a topping pattern out there So if it can clear 13 47 then where price should head to a jack is up to the 14 35 level If we look at the weekly timeframe chart Td9 count top gets back close to its breakout level the breakout level being 11 95 Price is trading with inside a bullish structured profile it closed above the center last week It's trading above the center this week odds favorite. This wants to go up to 13 93 A close above 13 47 would definitely confirm that piece of the puzzle now on a monthly basis You've got a big old td9 count top with price consolidating with inside its profile But still trading about that green oscillator and change line resistance here is 14 04 So with regard to burr, what's the overall call here? It looks pretty positive daily bottom Weekly bullish structure trade above the center Monthly, you know kind of suspect there just a consolidation But it doesn't look it doesn't look so bearish as we speak right now So jack, I hope that provided with the information you were looking for on burr Nancy We covered Microsoft I think so I think I've given you everything that you were looking there If not, please let me know and we'll try to get back to that another question came in to take a look at xpev This came in by email and the person sending this would you just let me know what your name is? I can't tell what your name is even from the messages that you're sending would just be nice to know But with regard to that if we take a look at xpev I think the question was is this another november top out there now Then I don't know if we can let me try this on my other screen Let me just see if I can pull up a seasonal for xpev out here. See if anything pops up. Oh, it does Okay, xpev and xpev is a chinese Something or other don't know what it is But the question was something another november top out here So if you want to take a look at the seasonal pattern, I hope the screen doesn't go dark if it does And steve's got problems november 30th Is when this typically forms its top out there seasonally speaking that's over. Well, I'm sorry that's All you've got is three years over the data. There's not enough data here three years where the data is not enough touch points But hey over those three years. Yes, it has a november top. It's at the end of the month Is it another november top or not that I don't know looks like maybe it topped out before then What do we have here? Looks like price wants to pull back as trade below red oscillator and change line to the support zone on its daily basis That would be between 1460 and 1497 We take a look at the weekly time frame out here prices back inside its profile It was bearish in structure if this closed below the center line the center line. I believe is at about 15 23 Uh near 15 26 or so closed below 15 23 could get us down to 12 44 out there I'm not seeing anything here to suggest that this thing will rally at least right now Just simply that price is likely to come back and test support between 14 16 14 60 and 14 97 I believe you also wanted to take a look at fxi I think there were two requests that you had sent in as we take a look at those screens here to populate And after that we're going to go take a look at crisper crsp and that's for greg So let's see if we get fxi to populate here Get hard on these chinese stocks because of the currency issues that you've got for me to get a really great read But and I think you get a better read if you can find out the constituents inside there and go take a look at those I know I don't have access to most of those But if we do take a look at fxi trading with insiders daily profile It's bearish in structure. We're below the center. We're now below the red ocular and change line This says fxi wants to target 2504. That's the bottom of its daily profile Let's go ahead and get to crsp up on our screen out here and try to analyze this for greg And as this populates crsp I need to get back to another spot inside the den see if there's any other requests out there Um Xpev is a ev company. Thank you, joey. So now we take a look at crisper out here And when we take a look at crisper therapeutics, what we know is what? We know that price is trading with inside a pretty wide profile when I say wide 46 42 of support and 58 81 is resistance now It's sort of bullish in structure Uh, so you'd have to say the buy zone is between 46 42 and 50 55 You don't have to say that I've got to say that in the weekly chart looks pretty good Because price is above the top of its profile out there In the monthly chart it's above its red ocular and change line. So that's pretty good too. So Greg the question is where is support? And I would say that if price could pull back and test and reject the green ocular and change line And the green ocular and change line would be right now is priced at 47 90 So I'd say the buy zone would be between 46 42 and 47 90 Now that doesn't mean it's not going to bounce today. Why would it bounce stay steve? Plus on a 30 minute time frame chart. This has a confirmed td 9 cal bottom So the first thing that ought to do is bounce up to the ocular and change line turns out That's also the bottom of the 30 minute profile. So 50 97 is in the cards and 51 17 And then above that you've got another battle ground that'd be 51 57 So in order for crisper to tell you that it's ready to really rock higher It needs to close about 52 59 that would give the 30 minute time frame chart a change in trend Otherwise its trend is really to the downside, but it has formed a short term bottom out there But I would say the better entry price if that's what you're looking for greg would be again between 46 42 and 47 87 inside the tiger's den looks like we've got a request for McGuppy wants to take a look at the trade desk ttd is the ticker symbol He's still own some it's getting crushed today. Should you buy back or sell the rest? So we take a look at ttd. Oh, you're not kidding. So this is negating its td 9 count bottom pattern out there So to form that bottom it's trading below a bullish structure profile out there. Let's go to the weekly charts Weekly chart shows that a close to day below 64 56 McGuppy is going to be a close below its breakout level. That's not good So where's the next price target to the downside? Right now as I take a look at the ttd charts, it would be between 42 78 and 50 33 That's the buy zone of its monthly set of profiles However on the daily time frame in my on the way background charts Yeah on the daily time frame This has triggered a road's meant to indicator signal and that would say if we see a bullish reversal candle You're not going to see that today if we see a bullish reversal candle that would confirm a bottom Buy or sell look on a 30 minute time frame chart real quickly here. I don't see a bottom here bottom pattern that is You put up 65 real quickly here before we have to go to that hard break out there We've got about 10 seconds. I don't see a bottom here either Steve roge with tf and n. We'll be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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 in disease Selective stocks and commodities Subscribe to the opening call newsletter at tf and n.com The opening call newsletter is written by basal 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 basal 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 tf and n.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tf and n.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to 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 tf and n.com educating investors The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tf and n we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tf and n newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30 day money back guarantee Just visit the newsletters tab on the front page of tf and n.com tf and n educating investors So real quickly back to ttd from agape agape You know if you get a close close 64 56 odds favor this is going to move lower It could be a false breakdown move out there But um And that's really the best information i can give to you everything that we've covered here I don't see a weekly a to b equal cd pattern because this retracement uh on the move higher into september 15 Would be about 80 some odd percent retrace 80 something percent retracement So it's above the point seven eight six So we're not going to bring the a to b equal cd pattern at least for the weekly time frame into this So let's finish out the show by taking a couple requests to take look at both gold and Gold and the gdx out here So we'll get one screen that's going to show us both It's going to show us gold silver and the gdx now in the case of the gdx out there It negated his td nine count bottom yesterday. It did that when it closed below 27 61 So now what we've got out here. What's its next downside price target? Well, it's next downside price target is 26 26 out there A bullish reversal candle looks like it would form a buy the d-point pattern But I want to make sure about that retracement out there But nonetheless its next price target is 26 26 out there if we take a look at gold What could get in the way of that the thing that could get in the way of that Would be the fact that gold is going to form a td nine count bottom pattern today It's going to complete that pattern. It's going to come that completed It's going to form that pattern today It will complete that pattern on Monday And we know that there's a good directional correlation between gold and the gdx out there So what happens if we don't get a confirmed bottom? Well, we'll know that maybe tuesday wednesday or thursday out there But you've got a nice buy the d-point Garely buy pattern quite frankly inside of goldy locks However in that weekly chart price is back below the top of its profile And could be heading down to 1933 or even 1901 But with regard to gold we're really going to have to wait till monday out there to get any kind of inclination As to what's going on at least in my opinion here. So the gdx says it wants lower price You know, how certain am I that it's going to get back to the breakout level 26 26 Not that certain because it's going to depend upon Goldy locks and if silver can hold that 22 53 by day zen that'd be another strong message with regard to the medals Folks, thanks so much for being here. Thanks for being here all week. Stay tuned for the great programming I'll be back with you on a magnificent monday. Please have a fantastic weekend be safe out there But have lots of fun. Take care now