 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good day folks welcome to the January 25th the terrific Tuesday edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows and he should always be pioneers of our future versus prisoners of our past hope everyone out there's having a great day and let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us not to us that's right when you and I make that one little two by four shift well means we can find the gift in every set of circumstance that life is going to toss at us now today you and I we're going to go check on the circumstance of these markets we'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I had just passed eight o'clock in the morning that's right if you're listening at the normal time thank you so much for doing so we'll try to make this show as pertinent as we can for that the rest of this week we'll be recording we will be recording the shows between eight and nine so we'd love you to join us live out there and of course we would love to hear from you so if you're not listening live you can give us call 877-927-6648 if you can't call in and you're listening during the time period of eight to nine you can go ahead and send me an email steve at tfn.com with something that you want me to go ahead and take a look at for you and of course our tiger is dead well any in every ping we'll do so let's go ahead and get this show started on terrific Tuesday of course this is tiger financial news network i'm steve rhodes welcome to less show as we begin the morning all us equity futures are trading lower the dow's down 337 points about one percent two and a quarter percent for the nasdaq that's 330 points the s and p of 75 nearly two percent the e-mini is off 34 one and seven tenths percent in asia last night they got their butts kicked you had the shanghai down two and a half percent 95 points the nikah off one and seven tenths percent 457 the same percentage for the hang sang down 412 over in australia the 200 two and a half percent to the downside 177 and you're up there saying i don't know what you're talking about why is everybody trading lower we're trading higher you've got the dachs up 65 points it's a half a percent the footsie up one percent that's trading out at 73 72 we'll go take a look at those charts and see what they're communicating to you and i gold's off a buck silver's down three pennies lights we crude trade out at 83 18 what does all that mean well just to give you the quick overview excuse me to mean to spit out whatever that was a great thing is he probably didn't see that because i don't have that screen on there right now i didn't have to tell you that i revealed too much personal information did not well you know what it is when you're in anyway let's just take a look at this nine panel market update chart that's right stay on track stevo so here just to give a feel for what the markets are doing then we're going to go investigate all this what does it mean so we take a look at yesterday the eus mini the eus mini completed a by the d-point it did that because yesterday's candle was a bullish hammer candle out there so that's the first thing we know so we've got a what would appear to be a solid bottom now if you're to ask me now the the issue with regard to hammer candles like yesterday because you have such a long wick if you were to take a long position your stop really needs to be a close below the bottom of that hammer candle so if you're to ask me where is the right place to buy a hammer candle steve is going to say about halfway into the wick between halfway and lower the ideal buy would be testing the actual low of yesterday out there on lighter volume are we about halfway in the wick now the other thing you'd want to do is take a look at some pattern on a interday time period that would give you a bottoming signal say like a gartley by pattern or something along those lines we're going to go take a look at those patterns that may or may not be setting up so that's what went on in the eus mini and because the eus mini and the vix sort of emulate each other to a certain extent if we take a look at so you had the eus mini form a hammer candle and the spot volatilics formed a bearish shooting star now my experience is where i can share with you that hey i know where to buy a hammer candle now typically you like to buy the hammer candle on day six or seven with praise coming back into the middle of that bar that doesn't look like that's what's going to be the opportunity but shooting star candles are slightly different than hammers i would not tell you the place to sell a shooting stars halfway into the wick shooting stars my experiences we won't know till the end of the day but we do know what it looks like at eight eleven in the morning shooting stars either work or they don't what i mean by that is price should be trading lower and it's not so that should make everybody out there say something to think about if we take a look at the nq it to generate a by the d-point the a to b equal cd to the downside because if it's a bullish hammer candle so we'll come back to that if we take a look at the u.s. dollar index it is informed an actual by the d-point it did it right here in this trading session which was what uh january 14th and now there's i'm not gonna say there's an a to b equal cd tip side but there is this price is trading above the top of its daily profile and likely targeting the top of its weekly profile so that's 96 91 that should put some pressure inside of gold and silver gold really is trading sideways is back like a buck or two right now it's trading out at 1842 and as long as days above 1833 that's the b-point of its a to b equal cd to the upside 1861 should be the target and prices above the top of its daily profile whereas in the case of silver it has an a to b equal cd up pattern but has not generated bearish reversal candle but price is now trading below the top of its daily profile so if price closes the day below 2392 you could see a move back to support that would be the bullish structured profile area and that's in the 2288 to 2309 level light sweet crude is just testing support that's the bottom of its daily profile 8320 if there were to be a close below that level that would suggest a further retracement natural gas over the last three four trading sessions as it traded back to the support of its daily profile and that's at the three dollar and 66th level in a few minutes we'll go further we'll take a further deep dive into natural gas one of our dinners would like to take a look at taking a long position there and is looking for an entry point into ung so we'll take a look at all of that the 30 year treasury it formed a bottoming pattern out here but what price did yesterday the day before this morning it ran right into resistance that's the range of that bearish structured profile that's where the sellers reside and that's in the area of 155 and a quarter to 156 28 so there's kind of an overview of the markets where we're at and now let's start spending some time taking a look at the equity future contracts out here so let give me a moment here just to change screens we're going to change this over to oh i know we're going to do before i actually changed my screens out here we're going to do this i'm going to come to this screen like this what we really wanted to do and that is so here are the four equity future contracts for their 30 minute time frame now last night we take a look at let me get rid of the i'll just focus on the es mini right now so i'm just going to just simply expand this out and they get rid of the a to b equal cd pattern so first the description of what took place last night what you could or should have anticipated so what the 30 minute chart did yesterday was it generated a garly sell pattern the a point and that requires an a to b equal cd the a point was below 12 noon the b point was the high at uh at the two o'clock session and that was just a one bar move lower and that was into the 230 time frame so you can see this form day one it did over one to one a to b equal cd pattern and then you had the bearish reversal candles that formed out here at 1800 hours last evening again at 1900 hours so that set up the Gertley sell pattern or the sell the d point so i'm going to get rid of this now all sell the d point patterns have five different potential outcomes and the first four the first three are really retracement levels so when we get back from this break we'll go take a look at those retracement levels so that you can monitor the es mini and we'll take a look at what could be setting up right now which is a Gertley buy pattern if you don't have that confirmation just get what we might during the show Steve Rhodes with tf and n we'll be right back 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 2500 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 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Petersburg Tampa and clearwater 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 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us 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 call now toll free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks so for those that are trading intraday out here we've got the 30 minute the e-s many up on our screen and i've turned on its trend line so that you can see the trend lines established off of certain swing points out here in fact the high from last evening was nothing more than a test of a trend line out there and then the rally that we saw here into the time frame of about five o'clock this morning also running right into that trend line now i also have out here what is the b point of an eight of a potential a to b equal cd to the downside that's at 43 28 75 you can see that level is being tested at swing point low is being tested but a close below 43 28 75 would give us an a to b equal cd to downside now before we went to that break i shared with you that there's four or five different potential outcomes of any type of a girly and this was a girly sell pattern that formed last night so the girly sell pattern the first four outcomes are going to be retracements the first level then that's going to be of the entire move from the low to the high and that's what we have for those of the green horizontal lines so the first retracement levels of 0.382 retracement and that's at the 43 35 level we're trading at 43 33 so if this area holds here that's all the retracement that we have then we'll see an a to b equal cd to the upside i don't know if we're going to have that we would use a low in essence right now as of this candle that we're in and it would be more than a one to one a to b equal cd to upside in fact i'll show you what that would look like here because this is one potential outcome right now i don't know which of these two outcomes that we're going to take a look at are going to form out here but that potential outcome if in fact the low that we just see here being known in this eight to eight thirty session that would give you a one to one price projection of 45 17 how do you know if that's going to take place well if there's 43 19 level holds and price takes out 44 11 and a quarter then you've got your a to b equal cd to the upside and because it's only 0.382 retracement you would expect it to do more than the one to one a to b equal cd pattern 45 71 but we don't know if that is the pattern that is in play here right now what we're looking for is any kind of inter-day signal out here so the first outcome of any garly cell pattern the 0.382 retracement of the entire move the second outcome the 0.618 that's at 4288 the third one is at the 0.786 or 4255 here it's going to cost me a dollar because i'm going to say the fourth outcome is that 100% move of a move that was a i believe a patented trademark that should say not patented but trademarked by obi-wan Kenobi out there and so that would be the fourth outcome the fifth outcome is that it formed a an entirely brand new a to b equal cd to the downside so we won't go there but you certainly want to keep an eye on or potentially keep an eye on 4288 to 4255 okay so we've got that out of the way now let's take a look at the Gertleys bi pattern this is what you'd preferably like to see unfold this morning if you're going to take a shot at a long position and now that's suggesting that you do that i'm just saying if you are this would be the pattern that you would like to see just like we saw a Gertleys cell pattern last night you'd like to see a Gertleys bi pattern so the eight point that's going to be the high of the session uh the b point's going to be that swing that we're looking at at the 4328 level the c point's going to be the high from five o'clock this morning so the one to one area out here now this retracement is a point almost a 0.618 it's a 65 retracement so in this case here or ordinarily you would think that price would find supported about 4300 the caution there is that price right now along the c to d leg is on the left hand side so it's actually a bit stronger than the a to b move out here and when it's a bit stronger when price is trading on the strong side you can do more than a one to one a to b equals cd but these would be your ranges here it doesn't matter which price projection should price close below 432875 that it gets to to the downside what you would be looking for just like we looked at to identify a Gertleys cell pattern at the high last night what we'd be looking for is some type of bullish reversal candle so if you get that and the lower the better off because you start getting into that midsection of the uh of the wick of the hammer candle out there and so you want to from a trade is because your low your your stop on a trade out here really needs to be below the low of yesterday you get a close blow the low of yesterday then the markets are likely signaling to you and i that they're going to head lower so this is the pattern for the es many quite frankly this is the pattern for each of the equity future contracts out here so now as i just simply resize that es many you can see the a to b equals cd down patterns that are potentially set up for each of the equity future contract so you know the one to one price projection should it unfold which for the nq requires a close below fourteen one fifty one you'll be looking at fourteen zero zero five thirteen nine oh three inside the dowel it needs to close below uh what is that number you see if i can find it thirty three eight fifty five so close below that we'd be looking at thirty three seven fifty to thirty three six thirteen and the russell you'd be looking at nineteen eighty three nineteen seventy two maybe even nineteen fifty seven what we don't have right now is a confirmation of those a to b equal cd down patterns out here and each of these have made about a point three eight two retrace but just like we looked at inside the es many so it could be signaling again a large a to b equals cd to the upside i just don't know the reason to be cautious out here it's really just going back to that market update chart and take a look at that e and take a look at that spotball utility index is to remember that shooting stars typically work or they don't the last shooting star that formed out here in the spot follow tunics with a trading day of january 10th and you can see that that actually work the very following session price move lower and the next session after that that's typically how a shooting star candle will behave at least the following session out here now of course we're only we're early into the trading sessions i don't know what the end of day looks like but we do know what it looks like right now now everybody should be really expecting a bounce or a bottom out here we certainly got the bottom signals yesterday in each of the equity future contracts out there for the daily time frame and the reason to expect more is uh is because you are more no the reason to expect more is because if we take a look at the advanced decline oscillator for the new york stock exchange it still has reading of minus 249 minus 250 basically and that's that extreme oversold condition my concern there or your concern should be it doesn't mean that we're just simply going to blast up out of here yesterday was a pretty good blast off move used a lot of energy out there so you can expect or anticipate or understand why price would be pulling back out there but that's not how we're really evaluating what's going on the market if you take a look back at the march 2020 low one of the ways that the market will typically form a bottom and i think more likely than not this is what we're looking at for the new york stock exchange and i don't expect this to unfold for weeks out here it could be longer than a week and that is where you have a rising bottoms advanced decline oscillator in the face of lower price now i don't know i can't guarantee that that's what the outcome is going to be but right now as i take a look at all the patterns that are out there that is the most likely outcome and if the market gives us additional information that will change our opinion so i can understand and you normally i would be on the soapbox out here saying buy buy buy uh but it could be good buy or it could be a bad buy right so we don't want to do that we want to wait for some type of a pattern to form out here with regard to the interday charts you're only in bar five right now of a td9 count so you could get that over you know the coming a couple of hours out there uh with a bottoming signal but it would really be the gartly buy pattern that would be the better of the patterns to pay attention to so we're going to go to a break here in about uh 15 20 seconds or so and let's see is there anything else oh so here's an interesting thing so if we take a look at last night's rally inside the dowel what i noticed was uh here is where did price stop price stopped right at the bottom of its weekly profile that was 34 435 that's a really important price point out there the actual high was 34 410 versus 34 435 remaining below the bottom of a weekly profile is uh a change in trend signal but all depend upon friday's close not where we're trading 826 in the morning on tuesday c vrode with c f of that we're going to go take a look at amazon uh we're going to go take a look at uh a couple of other instruments as soon as we get back are you looking for a way to consistently add winning trades to your portfolio tom o brian is here to help tom o brian has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and c nbc tom o brian founded tfnn over 20 years ago to help educated investors just like you tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom o brian's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors you could be making money off the stock market 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march contract up on our screen out here we've got the daily the weekly the monthly and the quarterly time frame and so we've got a someone that's just interested in going long this now what you can see here is you're really inside a neuro trading range that neuro trading range is really in between its daily profiles which also happens to we can see a rising trend line and a falling trend line out here so if you are going to take a long position you've got to anticipate that price is going to find resistance to about four dollars and 12 cents you're at 380 right now so i don't know if it's worth the reward risk but you've got to take a look at that and it's not that price can't take out those trend lines but at four dollars and 12 cents you have the top of the daily profile at four dollars and 15 cents you've got the top of the weekly profile and there in lies where your snipers are at where your sellers are at so and then you've got 448 which happens to be the top of the monthly profile out there so you've got a lot of selling as price if price in fact does rally up to that range out there so where would be the place to buy this well the place to buy this would have been maybe yesterday as price was testing or getting close to the bottom of that daily profile 366 the day before it in fact tested that level out there so that would be an area to buy is there any chance our price is going to get back there well let's go take a look at our eight panel charts i don't know the answer to this but our eight channel parts should at least provide us with some information to help us answer that question and as we take a look at it here what we're going to do is focus in on the 30 minute time frame so 30 minute time frame it looks like that this td9 count hold me to see here it it did so you've got a td9 count that formed out here at 330 in the morning now that wasn't 33 yeah it was 330 in the morning and uh it prices right now below the bottom of the 30 minute profile so price could make its way back to its breakout level three dollars and 76 cents so if you're interested in taking a long position one place for you to consider is 376 that happens to be the breakout level for the 30 minute the breakout level for the 60 minute which also has a td9 count uh price got back to its bullish structure now i'm referring to the 60 minute chart lower left hand panel out there so you know a level of support is held 120 minutes oscillator and change line and bottom of its profile is held out there so i would say yeah if you can get a move back to that 376 that would be an area but remember um you know you've got that resistance at the 412 level what does all that mean for the umg so that's a good question if we take a look at the and the problem is the umg i don't know which contracts are actually inside the umg out here so it's likely to be multiple contracts likely i don't know if it is or it isn't in this case um so then why are you saying likely steve well because likely it involves typically more than just one contract out here but if we take a look at the umg and you really almost have to tie your entry into the umg based upon what natural gas is doing out there so that would be there the recommendation but if you and g did pull back you can see it has a new bullish structured profile out there which held from a couple days ago so here the entry point is probably between 1271 and 1310 probably about the best information i can provide to you at this stage here and so i hope that that helped you out and best of luck with the trade out there the next request was oh wait i didn't even show you those charts my apology hold on steve uh i need mr bill usually wax me upside the head when i forget to change screens out there but here here is that screen right now for ung so you can see again the bottom of your look at the left hand panel chart the daily timeframe bullish structured profile out there so the buyers are basically in the zone of 1271 to 1310 and really is a target to the upside i either use 1464 or maybe the high of that candle out here which is or this session it'll be somewhere between the 1502 to 1619 area so that's it with regard to natural gas and what it is doing out there we did have another request this came in last evening and that request was to take a look at amazon amz and now because i can't grab that email off my phone because it was so many hours ago um i i don't remember specifically what the question was so my apology there however what we do want to do is just really take a look and see what are the chart patterns inside of amazon so when i take a look at the amazon chart out here what i see is a consolidation pattern let me just move the and the the innocent consolidation pattern in essence that began back in a july of 2020 so the bottom as well established we did get a slight close below this on uh friday and then yesterday price closed back just above the bottom of that consolidation so the consolidation pattern is still in effect if yesterday was some kind of significant bottom out here then if you were looking to buy amazon because you're at the bottom of that consolidation this in essence would be the place to enter and if you get a close below certainly yesterday's low then what you know is you actually have a consolidation breakdown and the consolidation breakdown would give us a measured move to the downside that measured move to the downside would take us into about the 1991 level now at this stage here i'm not saying that that's where price is going because the consolidation has helped you and i like to see two consecutive closes above resistance or below support we don't have that in this instance here for amazon a level of resistance in amazon should in fact rally would be in the 33216 level that's the bottom of its daily profile now let's go take a look at the other profiles that are out here well below the bottom of its weekly it's below the bottom of its monthly and all that supports the idea of amazon doing that consolidation breakout to the downside but it has not proven itself to us uh if you give me a moment here i want to go over to my white background charts i just got to uh get to a different screen and i'll pull this over here let's just see what other information we can glean about amazon so yesterday so we do have abcdfg okay i'm pretty good at the alphabet arm am i not so yesterday was wave number seven letter g so we don't have a bottoming signal yesterday was not a bullish reversal candle or anything there is an a to b equal cd to the downside so amazon has not given us the all clear but the consulate but the the pattern that was out there now we wouldn't have noticed that if i pulled up just this white background chart i don't see a consolidation here was being able to take a look at a longer time frame to get a feel for what was going on so you do have a potential of a bottoming signal that we wave number seven that is courtesy of a basal Chapman is Chapman wave out there but that is not the Chapman wave we just don't you don't get a confirm a confirmation of wave number seven until you have a higher low that would need to take place today as far as where amazon could bounce from here i would say it would be that oscillator and change line that would likely be the extent of the rally that's about 3092 right now if price could take it out then we're looking at the bottom of that daily profile that would be 3216 that's what the daily chart tells us the weekly chart out here well you are in bar number nine on a td9 count so that's kind of interesting why because you that's a bottoming signal or a potential bottoming signal that with regard to amazon getting back to the consolidation area of a daily profile that does suggest we could see that bounce out here and in the case of the weekly chart that bounce could actually take you up to about the 3271 area on the monthly time frame nothing more than a roadsman to indicator top but with price below the bottom of that bullish structure monthly profile it depends on where price closes next monday if it closes below that level longer term this could be signaling to you and i that price wants to get back to 1626 we've got a call around the line let's go out to john and philly john thanks for calling thanks for holding how are you doing steve i'm i'm very well i i wanted to ask you about the s and p 500 and their futures yes you know you have proven to everybody that uh... you've studied just about everything under the sun when it comes to price movement in markets and one thing i learned very long ago declines in stock uh... in the stock market in stock indices uh... john hey john i i apologize for cutting you off and we all want to hear your thought and uh... i don't want to be broken off other than by me of course but no i don't want to be broken off we're going to a break here so so so do me a favor hold hold on because i know what you're going to share with us is very valuable we'd be back in about three to four minutes folks with john in philly zeroed with tfn 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 joined the tiger's den trading room only at tfn dot 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 tfn and host live during their shows interact with other tigers and tigers is 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 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back up folks if you're listening at the normal time 142 in the afternoon thanks much for doing that we're recording today's show and the rest of the week and then maybe the first couple of next week at the eight o'clock hour on the line with john and philly who wants to make some observations that he has seen with regard to a market set move lower swiftly so john please take it away from here yes Steve the observation is having lived a great many bear phases through my trading career and study the great many others that preceded my doing so what we're in right now showing that we don't know it's all very short the longer term yes but it is one nonetheless those yes yes and yesterday for three and a half hours from 12 30 yes now i'm assuming Steve given that you've proven to us all over the years that you've studied just about everything under the sun the s&p in the nasdaq into the clothes is it possible or likely that the bonds is done we're over and that we now proceed to lower lows in some particular fashion absolutely yeah i i that that is uh that is so you know if you take a look at yesterday's candle session daily hammer candles uh here we take a look at it this is the eight panel chart out here for the es mini i mean it is a perfect completion of a girly by pattern a by the d point out here and i am very hesitant about especially during today's shows to suggest that people take a long position right now and it is really because of that john it's because of that and some other things that i shared with subscribers this morning i'm going to keep for subscribers at this point in time that help to uh say yeah that that the rally could easily be over absolutely now my preference would be to uh see some new profiles form out here which they the es the nq and the dow were attempting to do last night those fell off at about four o'clock this morning so the only profile that is new out here happens to be on the russell 2000 russell 2000 had a nice rally i'm just going to change charts here and show you and everybody else now this is the thing that's kind of interesting so the and this is a this is a confirmed new market profile daily market profile look how wide this is john and this is a bare structured profile but where the sellers reside inside the russell 2000 supposedly is between 2152 and 2180 now that would be a real rip your face off rally out here so the question is does the support level inside the russell hold that's at 1982 um so i guess the the answer to your question is yes i see that as a possibility but what i'd like to see unfold here is um you know what there's a market see i mean i i can easily make the case and as i was trying to do this morning that um you know it's just maybe gert lee by patterns are going to form on the intraday time frame charts and if the yesterday's highs get taken out you know then we then we had higher so i it almost does sounds when i when i listen to myself which rarely do i do that um i it doesn't sound like i've got a ton of conviction behind that but and i apologize for that but but yes i i do believe that that could be that could be the extent of the rally absolutely well i think uh as large as they are occurring here in these past three weeks having uh conviction that you other publicly at any given moment in time has incredibly high probability of being just dead wrong so yeah so i i understand your logic and your thinking yeah and that that'd be the appropriate thing to do and um when uh when there's that sort of uncertainty it especially when you're in the position of being a professional advising clients if frankly is a disservice to claim you've got conviction when you know the odds of being just dead wrong or high so i uh i applaud you with that tactic so and i think much for your time we appreciate it you bet john thanks for calling out there and really just to follow up on that most of you've listened to show you know me you know i have a more positive than negative outlook out there um and uh in in and with those nice hammer candles that formed yesterday you know i'm sure many subscribers have been woke up this morning to say well why is dv not bullish out there why is he saying you jump in and take a long position i laid out the reasons inside that newsletter which i believe are very solid reasons for us to consider out there and uh but right now we don't have and here's the 30 minute charts this could be an a to b equal cd to the upside or we could be generated a to b equal cd to the downside that could generate a gartley uh by pattern out there so until the pattern actually sets up because i'm a pattern recognition individual and i do recognize yesterday's daily signal out there um i think we should have some pause okay so uh there was a question uh in fact since john was on the line and he shared this inside the tiger's den and elsewhere uh matt s writes in and uh uh he wanted me to go into further detail about what i shared inside the newsletter and i'll do that individually with subscribers out there uh but he wanted to see what the anike top in the 80s compliments of john and philly i would hear what that looks like so uh this is a pattern that uh john uh came up with i believe he might have gotten that signal from uh another contributor uh who was it uh was it i'll think of it perhaps but what i'm going to do is i'm going to share this is a kind of a correlation not a kind of it is a correlation between a uh between the nike uh back back in the 80s out there and the uh and the ndx 100 so let me just change screens out here and what i've done uh yes not a so what i've done out here is the top chart is the uh nike you'll see an upper left hand corner says dk 225 analog i moved the actual high in 1980 to line up with the high in the ndx 100 okay uh so so we've got a perfect alignment and uh this shows you the movement inside the anike you can see it broke through a couple of its td9 count breakout levels here in the ndx 100 we've broken through two of those i got down to the third one out here so you can see the the analog that is in the play out here whether this comes through fruition or not uh is to i'm uncertain but uh stan harley thank you uh john and so it was a stan harley who spoke about this on november 2nd that john has followed this i went ahead and created a uh so i can pull this chart up every day it'll go ahead and include the new data for the obviously for the ndx 100 and the historical data for the nike so that from time to time we can follow that chart so john uh and that's why i wanted you to be uh clear not clear i didn't have you start a conversation and go to a breakout there because you know folks are interested in what you have to say as well so matt s uh this is what that uh looks like out there what i will send to you because your subscriber is the full picture um which is a different graph out there and it's not anything i can easily show here right now do we during the show out there so steve roge with tfnn uh looks like we're gonna go into last breakout here i'll see what questions we have and try to get to uh those but uh well doesn't look likely steve roge with tfnn would be right back 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 tfnn 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 tfnn 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 tfnn.com tfnn educating investors are you having fun trading the markets but having trouble 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daily basis yesterday was also a big bullish hammer candle confirming a buy the d-point out there so we see that but we also can see though and i'm going to turn off the buy the d-point right now is that big volume history 86 billion shares testing a swing point that had 31 million shares so typically when you tend to reject it typically when you test a swing point with volume you end up going back and testing that swing point so in the case of microsoft what you'd be looking for is anywhere a test would be between 280 25 and 287 75 that's the top and bottom of of that candle session out there now price did hold its rising trend line on the weekly time frame out there and price is still above the top of its monthly profile so really this should be a screaming buy out there i just say caution i just uh i'm really cautious at this moment so the screaming buy or the confirmation of the screaming buy would be a close above 308 16 then that would say okay we probably are rally on you'd have a battle at 315 a battle at 322 and then the last battle would be about the 339 level out there remember the hammer candle about the best place you can buy it is in the middle of the wick uh middle of the wick to lower out there that would be the place your stop really needs to be below the bottom of that hammer candle and that's why it makes it so hard if the markets weren't trading lower right now to just simply jump on that train out there so that's what's going on with regard to microsoft i hope that helps you out there were a couple of folks that had requests for that that by email and the other one was a take look at exxon mobile so just pull over the white background chart here so we take a look at exxon mobile what it did yesterday was to just simply tested and rejected its oscillator change line as well as the top of its daily profile and so uh exxon mobile continues to look bullish and that'll be the case so long as price remains above 6950 price gets below 6950 we're looking to move to 6718 to 6796 folks thanks so much for joining me on terrific tuesday i want you to have a uh a tremendous day out there and stay tuned you've got uh some great programming up next is tom you'll brine with the morning market kickoff or david white with the power trading hour i'll see you tomorrow on wonderful wednesday at eight o'clock really i think it's 806 start take care folks building wealth trading in the stock market seems impossible to most people they think it's too volatile and risky most people aren't going to take the time to educate themselves on how to do it right but you're not most people are you at tfnn you'll get the guidance you need to refine your strategies and techniques to invest like a pro because you'll be a pro all tfnn subscriptions books software and courses are available at tfnn.com and i'm even going to tell you how to get them for less use tfnn's tiger dollars and you'll get up to a 20 bonus on your purchase and once you apply them to your 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