 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good afternoon folks welcome to the February 14th the magical Monday edition of today's Traders Zed show I'm your host TV 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. Yeah, let's make sure we have an extraordinary one and the easiest way to do that It's to always remember that life is happening for us not to us That's right. We need I make that one little two-by-four shift Well means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just past one O'clock in the afternoon. I want you know, I'm absolutely grateful for your presence here But more important than that and that's this during this next 60 minutes. I'm here to serve you So feel free to pick up that phone You can dial on it at 877-927-6648 if you can't dial in we've got you covered there, too You can always let those fingers do the walking that means go ahead and send me an email Send it to Steve at tfnn.com and inside the subject heading Please put radio show question, of course in our Tigers den well any in every ping will do So let's go ahead and get this show started on a magical Monday, of course happy Valentine's Day to everyone out there Great to be with you. Hope everybody had a terrific weekend. So let's go ahead and get this show started Right now. We've got a mixed bag out here. Let's get to the screen out here. Oops. What happened there? Okay, we've got it. So we've got the Dow trading down 27 points the S&P's up 5 Nasdaq 100 115 to the upside Russell's up 4 some eyes are up 38 trainees are up 177 New York Stock Exchange is struggling off 71 points Maybe the bond funds in there that are pulling that down Nasdaq imposes to the upside Wilshers to the upside. Yeah, this is Monday. It's not turn around Tuesday. Is it or is it? Well, we'll go check out those levels where that would give us the indication of a turnaround Well pre-Tuesday turnaround meaning a turnaround Monday gold's up 20 bucks traded 1861 silver 45 pennies trained out of 2382 lights we grew it up a buck 11 94 21 is the print there lead the charge dollar wise the upside is Amazon up 95 bucks. That's 3% booking holding 41 What is 6 tenths percent Google 34 one and a quarter percent Mercado? Libre is up 3 and a half percent or 37 buck runes Tesla is up 25 That's 3% to the upside leave the charge to the downside. You've got C limited ADS SE's a Turkish symbol 15 percent or 23 bucks the downside Moderna is off 20 or 12 percent Gravity has lost its gravity. It's falling sound 27 percent off about 17 bucks by on a tech is off 15 down 9 percent as well So let's go take a look at the Let's go take a look at the indices out here. So all the indices so here You've got basically your nine primary indices upper left-hand panel. Well, let's just start with that We'll go through it one by one. So here. We've got the doll in the upper left-hand can up upper left-hand corner What has it done it has so far tested and so far rejected the January 24th swing point Now we'll go look at the diamonds to get a volume in metrics My recollection is it's on light volume if you can't bust them down price will try to bust them up It says it could take it run for the swing point high from just a three days ago. That is its message I would say that message is more likely than not if we get the s&p 500 to close back about 44 17 35 You're at 44 22 if you get a close back above that you'll have a rejection of that January 24th Key swing point out there and again suggest to move back to about the 4600 level the case the nasdaq 100 It's got some more work to do 14 532 57 to be exact is it's not that's the number that price must close above In order to reject that January 24 swing point the Russell stronger than the last three Price hasn't even got down towards its swing point, but its swing point is not the 24th Its swing point was on january. I believe was the 28th. Let me just make sure out here Yes, it was january 28 1968 50 is the level the semiconductor index also strong like bull It has not gotten down to its swing point, which is also the 28th out there that number is 3304 17 The trannies they are rejecting the january 24 swing point and they'll do that with a close above 150 The nasdaq composite a close above 13 876 and change or at 13 885 That will be a test and rejection of the swing point new york stock exchange has made it made its way down Towards but didn't get all the way down to that 16 4 39 level. So new york stock exchange actually is kind of stronger Out here by not even getting down in testing the level But of course not tasting that level doesn't provide us with a lot of certainty out here And it will sure 5 000 just to get a feel for the us markets out here That has tested so far and rejected that key swing point 44 5 23 20 is the level that you're looking so if you get a test and rejection Of these swing points what that at least suggests we should at least see a two-day bounce out here Maybe it's more than that, but at minimum. That's what I'd be expecting And those price targets would be their most recent swing point levels if we take a look at the ETFs out there So just our four index ETFs out here. You'll see in the upper left hand side. You've got the spy. So the volume that it needs to Trade less than is 152 million. You're at 54 million at 112. There's no way it's going to have that kind of volume So any close above 4 40 38 is going to be a rejection that swing point on lighter volume Remember tom's one that queen the phrase if you can't bust them down price will try to bust them up What does that mean? Well, the bust them up is the prior swing point high And that's the high from february 9th and that's in the 457 ish range out there if you go down That will we'll come back to the queues momentarily but again on the dow diamonds that swing point high was 344 12 We've already hit that today. We've gotten down to a low of 343 75 The volume so far today is 3.9 million shares on january 24th. The volume was 29 million shares Kind of getting the picture out here Not enough sellers to bust out those lows from january 24th out there if you can't bust them out to the downside What is the market typically try to do bust them to the upside now in the case of the russell 2000 Very bottom panel out here price has not made its way down to that january 28 swing point But you can just take a look at that volume Metrics at 65 million shares on that day. You're at 18 million shares today and inside the nq That's the one that is trading with inside the swing point. So that is really the wildcard here The swing point going from a low of 334 15 to a higher 353 98 a close above 353 98 though Will be a test rejection of that january 24th high on much lighter volume The volume on that january 24th day was nearly 200 million shares today. You're at 43 million shares So watch those numbers out here. What happens if we get three of the four? That give us that rejection level Well, what that means is we have three of the four that gave us that rejection level And we really would have to dig down into the intraday charts for the nq or something to see what it is that we see out there Well, then stevell, why don't you just do that? Okay, i'll go ahead and do that. So thanks for asking that question So let's go take a look at the nq since that is the wildcard out here And see if we can find any kind of patterns that are in play So we'll switch over to our eight panel charts here and uh, let's begin At the upper right where we've got a 30 minute time frame chart So on the 30 minute time frame chart here for the nq and let's go ahead and do a deep dive Well, we don't have a time for a deep dive. We've got about 10 seconds Here what we've got is a td9 count top And if price is able to close above the high of that pattern the high of that pattern is 14 376 50 That's going to suggest a rally up to the 14 766 level that'll take care of rejecting that swing point if it happens intraday But we get back from this break here We'll continue looking at the nq then we'll shift over to some of the requests and take a look at the smh's Um, and a few other things, uh, and of course, I would love to hear from you as well eight seven seven nine two seven six six four eight I'll be right back Steve rhodes started his trading career as a student almost 20 years ago And the student has now become the master steve won the prestigious timer of the year award in 2018 And barely missed that mark again in 2019 finishing at number two for the year An amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors What's separating you from the most successful men and women on wall street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The task profile scanner is the premier market profile based scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks etfs commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code Upgrade and you still get a 30-day money-back guarantee So you have nothing to risk level the playing field with the task profile scanner Which you can find under the services tab at tfnn.com sign up today 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 Well now toll free at 1 877-927-6648 internationally at 727-873-7618 Welcome back folks. So we're taking a look at the nq out here. We're looking at our eight panel chart our multi time frame So inside the nq you had that roadsmen to mindicator bottom. We've got a td9 count top We know that a price close as above the high of that pattern that high of that pattern is on bar number eight That high out there was at 14 376 50 That's going to give us a signal of a move higher that next target to the upside Will be that 14 76 14 7 66 area on the 60 minute time frame chart to have a confirm roadsmen to mindicator bottom Was a key reversal bar at six o'clock this morning that confirmed that pattern no topping signal here prices above the top of its Profile so 14 672 50 as a price target the 120 minute chart has a buy the d-point pattern Out here it can more easily see the a to b equal cd pattern in the five hour chart That's a very right hand panel that was confirmed with that three river morning star A price is likely targeting the 14 473 level that is the top of its profile In the 240 minute chart this where we'll really get a feel both the 30 minute And I think the 240 minute chart right now will give you the best signals if there's going to be upside potential You've got the td9 count on the 30 and on the 240 minute chart prices made its way right up to the Oscillator and change line. So close to about 14 395 98 is going to suggest to move to the 14 600 14 745 15 0 52 level and on the five hour chart You've got a td9 count bottom with this price target being 14 426 or thereabouts and any move above that Would suggest higher price 14 580 14 741 maybe even 15 0 52. So even though on a daily chart The nq doesn't have a bottoming signal. It's not test. It's testing the swing point It's within the swing point and either testing really the top or the bottom at this stage here We can see that the nq's are certainly trying to form some type of bottom here So pay attention to what's going on in the others We've taken a look at the index ETFs and everything that you need out there as far as where price would have to close Above to give you a signal of a potential rally for the next couple of days out there Of course, so all rallies are off the table. Should there be some kind of a military action? Over seas over in Ukraine out there So, you know, but but right now that the markets are saying is they're not seeing that at least write this moment And they're looking to a rally. So that's what's going on. We take a look at the equity markets out there Let's start taking a look at some of the requests out here the first request Uh coming in from Nicholas and Nicholas, let me get over to my screen here if you give me a moment to do this So, uh, sorry about that folks just to try to get rid of some of the Trashets in here makes it easier. I actually okay So the only request out here by email so far is from Nicholas So what Nicholas wants to take a look at is great question. It was really about the smh's So let me get back to my three panel charts out here And I'm just going to expand out the chart. So Here's what transpired in the smh's at first now when I say at first I'm I'm referring to and and Nicholas's question is about the a to b equal cd pattern So originally the a point on the smh's was the low from january 28th The b point was the high from february 2nd The c point was the low that formed on february the 4th There was your a to b equal cd now when that b point was passed That's at the 284.04 level the volume on that candle was 5.9 million shares when it was passed on the trading day Of february 9th. It was 10 million shares That was a confirmed a to b equal cd to the upside that should have given us a price projection of 301 16 However, what happened on the very next trading session that turned out to be somewhat of a false breakout because price Was unable to stay above for two consecutive sessions at top of that daily profile at 287 Oh, you're not. I'm sorry. There's the 2 by 4. Sorry about that. Well, that's that's a bummer Out here now, we'll put up the right screen. Thank you I gotta give mr. Bill and dan a direct earpiece into into my into in earpiece into my ear Yeah, you know what I mean out there just scream Okay, so here's the a to b equal cd pattern uh designated by the yellow Lines out here and you can see that on the 20 on february 9th price did close above the top of that profile But you and I we have this two consecutive Sessions above resistance below support to approve itself to us and that didn't now What nicholas's question was is was this a to b equal cd pattern Negated based upon friday's movement out here and the answer is in essence It had to be adjusted because the c point that we were using Is now in friday's action was below that c point So we certainly can't do that But the other thing is and doing the a to b equal cd pattern the a point's real easy So let's let me get rid of the pattern. So let's draw in the well I'm going to draw in what the new potential one would look like but we do not have an a to b equal cd To the upside inside of the smh's out here So I want to make that clear But if you were to redraw one in here, you know the a point is going to be the same But now the b point out here Is got to be the trading session from february 10th And the c point would be at this stage here would be friday's lows out there We can't use as the b point We really can't use the trading session from february 2nd out here And just use that and then move down to the low of last friday because the our b point That doesn't make sense for a b point You've got to use the highest high out here in this case Which turns out to be the trading session from last wednesday february the 10th out there So there would be your new a to b equal cd should it come to fruition We don't have that just yet. So what you and I our role here is always take new information And to redraw the patterns if necessary in this case here, we don't redraw the pattern We are eliminated the pattern because there is no confirmed a to b equal cd Inside of the smh's as we speak what there is as you can see is there is a consolidation with inside its daily profile Now if we take a look at the weekly time frame charts, there is a brand new weekly profile That is formed if you're to see a move below 262 25 the smh's you'd expect price to get down to test that 256 29 level I'm not saying that's where price is going But if price did close below 260 225 that would be its signal out there. So nicholas great question I hope that I answered it clearly for you and for everybody else. I think you intuitively I knew what to do out there. So again, thanks for writing in the next question coming in from the tiger's den Give me a moment. The first question is Hmm And from cf cf is the ticker symbol that we're going to take a look at so cf is Can't remember cf industries. That's why I can't remember. So cf industries out here Moving to the downside today just consolidating also almost looks like the smh chart, right? You had a close on friday above the top of its profile back inside of today So really wasn't a breakout and this suggests that perhaps price is going to go test the support level 67 95 If you give me a moment here, I'm going to switch. Well, I gotta pull my other charts here And I didn't have that ready to go the weekly timeframe prices back inside the top of its weekly profile But we're early in the game here and so price may just be targeting that little rising trend line Which this week would be somewhere around the 66 30 ish type area out there as I take a look at cf on a daily basis What really is transpiring today snp is you're getting to confirm rogement to indicator top So price is moving higher doing less relative energy. You got your bare sash candle Now this suggests that all all this really tells us that price should go test support So 67 95 is that first level that fails to hold the support Then what cf should do is get down to 59 86. So that's a daily message The weekly message out here is the potential as well For rogement to indicator signal that suggests pulling back to 59 to 62 50 out here in the monthly time frame chart Um, don't really have enough right now to give you any type of clear message I don't really see a cell point out here But the daily and weekly are suggesting that what cf should do is continue to pull back further That first level is going to be 67 95 and 62 51 then 59 bucks and below that 50 well 59 86 Steve roge with tfnn would love to hear from you folks 8779276648. I know I remember the phone number. We'll be right back Having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn 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 guardleys 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 days 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 tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back folks. So the next request to the tiger's den was to take a look at amazon Which is trading above support of its daily profile. That's at the 30 72 level above support of its weekly profile 30 17 and above the support of its monthly profile 30 59 So we can summarize this and say so far amazon is holding key levels of support If we take a look at my white background charts out here We're also going to see that what price has done is it pulled as pulled back to test and so far reject that Oscillator and change line. That's at 30 29 So price would really need to close below 30 29 to suggest a run for its lows Which looks like that might be on january 24th Maybe it was the 28th out there for amazon. So support is held. No your price can clear Uh, 31 74 68 you should make a run for the 32 76 level perhaps even 34 28 That's the message from the daily time frame the weekly chart out here says well, hold on a minute We've got a nice td9 count bottom Oscillator and change line change colors last week was a test and rejection of that level Looks like price wants to take another run at it a price can close about 30 204s and change Uh, let's just call it 30 206 or 7 or 8 or something like that Then you should see a move to 33 28 or 34 83 So the weekly chart seems to be the one to really keep your eye on on a monthly basis out here As we take a look at it. Um, yeah, I'd say the weekly time frame. So the daily suggest Moving higher support is held out there at 32 76 Maybe where that rally would stop But if you get to 32 76 you're going to be above the weekly Oscillator and change on that would suggest a further rally So that's what I see when I take a look at the charts for amazon my apology I don't recall who inside the tiger's den asked for it might have been mr. Bill I'm not sure but then there was also a request for mosaic m.o.s And I don't recall who asked that request doesn't matter if we take a look at the daily time frame chart for mosaic We have a td9 count top and now we might be getting a roadsman to mucator top Right now we have a bear sash candle. So that would be confirming that pattern You've got two tops and two tops make it better than The four tops. Are you kidding me? And never no one could be better than the four tops, right? So no, it doesn't matter how many tops you've got out here one top is good But at this stage price is trading right now below 44 78. That's a key level to watch That's the oscillator and change on a price closes above that level Then our signals are really neutral more so than anything else If price closes below that even though price made its way back to one area of sport 43 84 42 36 is wide open in 40 13 when we take a look at the daily chart for mosaic the weekly chart for mosaic Right now we just have an inside bar, but you do have a td9 count top That says price should pull back that oscillator and change line about the 42 42 93 Range right now if price were to close below that that would tell us about a further retracement the monthly chart out here for mosaic I don't have anything other than price running into resistance at that td9 count breakdown level Which was priced at 47 68. So overall, what do we see when we take a look at mosaic? It looks like it wants lower price and that'll be confirmed if you get a close below 44 79 So I hope that helps you out and again, I apologize who made the request out there And I think that the last dead request Was to take a look at the nq for the two-hour time frame chart So let's do that. Let's pop this up on our screen here and the question was What needs to occur in order to generate some type of bearish signal? More bearish signal a move lower something like that. I believe is the question So here if we take a look at the 120 minute chart here This formed with a td9 count top as well as wave number seven. That's letter g It makes that run a to b gets down to that hammer candle that formed out here Around february 4th or 5th. That was the a to b point Now i'm just going to move this same over to our c to d point We can see here's the three river morning star pattern So with the nq has done for the of two-hour time frame It's generated a by the d point in this case here really a gartly by pattern So in those gartly patterns, you typically have five different outcomes. The first one be the 0.382 retracement So how are we going to do that? Well, I'll do that momentarily. Let's first try to answer the question What needs to occur in order to suggest that at least the lows of this morning are going to be tested Would be a closed bowl of the oscillator and change line because it's red and that's at the 14 to 25 level So if you did see that then john what that would be signaling to you is at least to move back To test that morning star pattern if we don't get that now what you also want to notice You've got a confirmed bottom pattern prices inside a bullish structured profile Prices trying for two consecutive bars. The second bar will complete at 2 p.m And if there's a close above 14 298, that would be your two consecutive bars Above the center of that bullish structured profile and that would then suggest a run up to the 14 473 level your price took that out then he'd be looking at 150 52 So in essence really have to take out the lows of the day to suggest a further run lower Because you do have that valid bottoming pattern and now you've got the Bollard structured profile their prices trading in as we speak With regard to the a to b equal cd pattern for the 120 minute time frame chart Let's do this here. Let me just come to this chart. Let me come to this chart. Let's get the Nq out here. Let's get the march contract and let's change the time frame to 120 minutes And this way here when we do this then what we can do is really take a look at the a to b equal cd down pattern And as well we can take a look at the retracement levels So here from a retracement standpoint, we're going to go from the high of that pattern the high of the a to b equal cd pattern That's just that which was also a td9 count top That was a six o'clock in the morning on uh, February the second and all the way down to the low of this morning The low of this morning out here at about the 14 0 31 level. I hope that's what it was 14 0 31 there you go. So in a currently buy pattern There's basically five different outcomes and the first outcome is just simply what we refer to is that dead cat bounce It's really just a 0.382 retracement What you should notice is the 0.382 retracement is just slightly above This the top of the day of the 120 minute profile, which is 14 473 So if in fact we do see a rally up to that level Then what we should be looking at is that's where some people will get off the elevator That may be an area where people would go ahead and take a short John if you're you're asking me what needs to fail to the downside To suggest, you know, some type of cascading move lower out here Perhaps the other question is where would be the place to short on the 120 minute time frame chart? And i would say that first place would be in the 14 473 range out there might be the first place If price is able to take out both the top of that profile, but certainly the 0.382 level then then Objective number two of the buy the d-point or godly buy pattern would come into play That's the 0.618 retracement 14 790 the third level is the 0.786 14 996 The fourth level is that hundred percent move of a move 15 260 And then the fifth level would be that this would have formed an a to b Equal cd to the upside and if we were to do that I can draw that pattern in here For the a point we use the low of the pattern this takes us back to january 24th Make sense our b point out here is what we use for a to b equal cd to the downside In our c point is the low of the morning and that one to one would then take us into the 15 5 85 ish area I'm not making that call that that's where this is headed to we have to always take this stuff One step at a time and we use new information as he has as gets presented to us So voila, there you go. John. I hope that helps answer your question and thanks so much There's also another question inside the tiger's den I believe that was from dan and dan wanted to take a look at Nike out here So let me just get this set back up to the daily timeframe. Let's get to our three panel chart Let's put up the ticker symbol n ke and your question was there was one more steve. Thank you Okay, nike weekly td nine count bottom. Oh All right, so give me a moment here. I've got to get those charts going n ke But as we take a look at nike the black background charts price to train below the bottom of its daily profile Still below the bottom of its weekly profile tested at 142 72 And within side the monthly profile. So let's do this here when we get back from this break Let's take a look at nike. See what kind of signals generating today And the question is this a td nine count bottom I think it might be a roadsman to mediator bother, but we get back to this break. We're going to answer those questions We'll be right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the Biggest decisions of your financial future. Call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com that's 727 329 83 22 call us today 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 to 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 and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course Trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments dot com slash biotech 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Welcome back folks. So we're taking a Nike for dan in the tiger's den the low back on january 24th Was 139 56 the exact low on friday was 139 56 The volume on the 24th was 9.7 million shares the volume on friday was 6.7 So was not able to bust through that Swing point low from january 24th. It was test on lighter volume now prices below the bottom of its daily profile. So dan the If we take a look at where the defense is at that 143 77 If they can get through there the secondary sitting at 146 58 the safeties are at 149 39 out there So those are your battlegrounds that the bowls are going to have to try to get through with regard to nike If we take a look at my white background chart out here. Oops, that's the wrong chart. That's the nq Let's try the nke chart out here What we have is we can also see that prices will be lower doing less route of energy That triggers that roadsman to indicator signal I already had one bottom pattern that it formed out here on the 28th But price closed just below that I believe on friday So that pattern gets negated But if we do get a bullish reversal candle today that would then confirm Another bottom signal, but you do have that test rejection of the swing point on lighter volume You've just got these battles up in front of you the weekly time frame chart out here for nike As we take a look at it It still has a td9 count bottom The only thing that would negate that dan would be a close below the low of that pattern, which is 139 56 We didn't get that on friday. So that pattern still remains in effect out here And on a monthly basis don't have much here. This suggests that nike actually wants to add Whoops once they had lower Perhaps into the 126 to 135 ish type range out there But right now it looks like what nike wants to do is make that attempt to move fire now Dan would I be watching as the 141 65 level? That's that red oscillator change line price closed below that Well, then we probably go test that swing point again. Maybe we busted out. I don't know But if we don't close below it That suggests making a run for that 143 77 level out there. So thanks for the request. Hope that helps you out There was a request inside of where email This is rich and rich wants to take a look at well. He wants to take a look at bitcoin and xbi So let's look at xbi first and then we'll Actually, let me do this here Give me a moment if you would folks, but you don't have a choice right because I'm the one that's controlling this Just looking for the chart that I really wanted to get to Hmm. There we go here. So bitcoin btc I think it's still in the February contract. I'm going to go ahead and we'll take whoops didn't mean to do that Wow All right, folks. So now you've got black on my screens. Give me a moment to get rid of that Okay There we go. Sorry about that because we're back to a business here and let me get the Sorry a little bit of stumbling there. Let me get that bitcoin chart btc I'm going to look at the march contract when we come back to it So first let's go take a look at um xb. What was it xbi xbi? This is for rich out here And rich uh with regard to this is the s and p Biotech etf out here right now. It's just consolidating with inside its daily profile So your support level is at 88 59 to try to bust out the top of that profile Which was 98 42 tried to do that on february 10th unable to do that So I don't know it's just consolidating with inside in your kind of at midstream Price is inside a new bullet structure profile that uh formed last week and confirmed This week out here and this suggests as long as price remains above 90 95 run to the 101 55 level So look at that white background chart. Did we have any kind of bottom inside of xbi and the answer is We do td9 count bottom But ah what we also see is how price went from that low that bottom pattern all the way up to where it should have Failed which was at 98 97. That's a td9 count breakdown level So I would say that rich perhaps what's going to take place here is the xbi is going to pull back and test that 89 46 level To 88 59 if it could hold that that could be the c-point could be the c-point of an a to b equal cd What it would be for sure is it would just still tell us their price of consolidating with inside that daily profile So on a weekly basis with regard to the uh this uh sector I don't really have anything other than mean resistance at 98 bucks even steven and on the monthly time frame You've got a td9 count bottom. So this is giving you the signals the daily and the monthly We don't have any kind of signal on the weekly here of that bottom. That's too bad But right now I would say more likely than not this might want to pull back in that 88 59 89 46 area rich. I hope that helps you out. So you also want to take a look at bitcoin So to do that a couple of different things. Let me uh move over to I believe I've got bitcoin and a couple different future contracts up here So give me a moment to take a look at that. We'll try to grab the uh profile. Here we go So if we're taking a bit coin, which we are um Now it is still the uh February contract that's active 6200 contracts so far today now In both contracts, whether it's the Whether it's the march or the february contract You can see a new bullish structure profile that has formed So for the february contract the key level here to be watching rich is a 42 or 37 But price holds that support will have held and if price can close about 4304 Then bitcoin will make a run to 45 905 on the march contract The level that price would need to close above would be 43078 and that would then suggest and move up to 45 965 now pull over my other bitcoin chart now. This is just going to show us the march contract, which is fine And what do we have out here? We probably have an a to b equal cd to the downside pattern that has completed I'll just draw on the a to b point out here And then we'll just go ahead and carry that forward And uh You know, it's it seems to me like it's it's too close. It looks like that a to b equal cd was more like the 26 000 level Uh, so I don't really have that as a pattern Uh, what do I have? Oh, I take it back. I see erodesment to indicator signal So price actually was moving lower due to a loss of out of energy and you got that three river morning star pattern configuration So what bitcoin should do as long as it holds that support level it should move higher now We've got that profile resistance on the march contract 45 965 then above that rich You're looking at 49 7 10 their price would need to close above to give you a change in trend signal So that's what I see when we take a look at bitcoin Well, I do hope that that helps you out one quick, uh Review of my email see if there's any other requests that have come in there are not but there was a question to take like a disney From mike on friday that we just simply didn't get to so I just remembered that So if you give me a moment, we'll pull up the disney charts Uh, I'm hearing something in my ear in the tiger's den. Can you folks still hear me? Yeah, I lost the sound. That's what I thought not good So they lost a sound there. I'm going to keep talking in case it comes back. Mr. Bill If it does come back, give me the high sign Give me the high sign still not there yet. Okay Uh, hold on. You're still streaming. Yeah, I know I'm streaming Um now back. Okay. Thanks. So here we take a look at disney Um price is above the top of its daily profile Prices above, uh, let me get disney going on one of my other sets of charts out Your price is above the center of its bullish structured profile So that's an indication on a weekly basis price goes above 149 48 You should see a move to 164 37 162 12 though is going to be a resistance point That's the bottom of the monthly profile Um, I see that things have maybe slowed down everywhere. Let's see if I can get my other white background charts up here There we go. So disney did have a uh, it looks like a roadsman to indicator bottom with a hammer candle Let's confirm that that's what it visually looks like and uh, yeah, voila. There you go So you've got that was actually confirmed roadsman to indicator bottom signal here and what price did a couple of days ago Was it got up to the breakdown area? I didn't get right to it. That was at 158 53 You know price effectively could be pulling back to its oscillator and change line of 143 95 But right now, uh, disney looks pretty good at least on the daily time frame Weekly time frame again that bullish structured profile and your trade above the center of it Looks like disney really does want to move higher steve roads with tfnn. We'll be right back 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 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 in 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 Are you looking for a secured investment which pays you on a monthly basis? The tiger first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bankrate.com is paying 1 per year or $1,000 per 100,000 invested The tiger first mortgage program pays 7 per year paid monthly on secured high value buildable properties in st Petersburg, florida The investment is for four years paying 7 per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7 per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Welcome back folks. We're going to go out to Philly and speak with uh, john. John. Thanks for calling. Thanks for holding How are you today? Uh, thank you, uh, steve. Uh, thanks for last week late helping me with uh, the s and p and the nasdaq 100 daily charts and lower projections if If we come across a expanding c to d after an ab leg down Yes, so that was helping me get prepared for possibilities I'm calling you to ask you if you could do the same help me get prepared for possibilities By looking and showing me just your chart tools for the both the daily and the weekly On the june natural gas charts And it has nothing to do with any short term trades now that we're coming out of winter very soon Uh, i'll be uh looking at um This september then the december contracts, uh, uh, was uh just looking for your chart work and what the indicators are saying And they're positioning there. So uh, That's my question, please. Okay, so well, let's take a look at the weekly chart first here So the weekly chart has a nice rogement indicator top that led to a and that was uh from two weeks ago It was a bearish shooting star that formed then we had a gap to the downside last week And uh price right now has a new bowler structured weekly profile You can see that today's move so far has just pushed price right up to the top of that green oscillator and change line Which is printed at 422 now with price able to close above that this is a weekly chart So that says it closed above it on friday that would then suggest a move up to 459 459 is the top of that weekly profile If price is unable to take that out and instead price moves lower Then john would you be looking for this on the weekly basis would be between the 362 and 379 level That's the day. That's the weekly time frame the daily time frame out here I don't have a real clear Pattern or sense of what it wants to do so my focus would really have to be on that weekly watch that oscillator and change line And john, I apologize. We're out of time here But I do hope that that helped you out always good to hear from you and always good to hear from everybody as well So stay tuned. You got two more great hours left your favorite polar bear david whites up next timel brine He'll take us home. I'll see you tomorrow on tuesday