 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the September 2nd. What a fantastic Friday edition of today's Trader's Edge show. I'm your host, Steve E. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. The easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, well, it means we can 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're going to figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 8 o'clock in the morning. That's right. If you're listening at the new normal time, which would be 11 o'clock, we are recording today's show a bit earlier, but we're going to certainly make it relative to what you are listening in at the normal time frame out there. Now, if you are listening between 8 and 9, I would love to hear from you. So you can give us a call 877-927-6648, and if you can't call in, but you'd still like a question answered, then send me an email. Send it to Steve at TFNN.com. Please send it early. And in that subject heading, it would be so helpful if you could put radio show question. Of course, inside our Tiger's Den, well, any and every ping will do. So let's go ahead and get this show started on Fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now we've got US equity futures kind of mixed out here. We've got Dow futures up 14. Nasdaq futures down 10. S&P futures up 2. Russell futures up 3. If you take a look at what took place over in Asia last night, also a mixed bag. Get the Shanghai finish up just slightly, basically flat. The DK and the Hangsang were off 10 and 145 points, basically flat. And then down 7-10. So over in Australia, the Australian 200 was down about a quarter percent. In Europe this morning, take a look at the DAX and the FTSE, DAX in Germany up 186 points. One and a half percent, about 9-10 or 8-10 percent for the FTSE. That's up 59 points. Gold's up 7 bucks. Silver's up 13 cents. Platinum's up 11 bucks. Platinum's up $19. If you take a look at Light's Recruit, it's up $1.59. Trade out at $88.20. Copper's down just a tad. Natural gas is up 25 cents. Trade out at about 9 bucks. Even Stephen, a 30-year treasury, is flat. And the US dollar index trading down around 109.35. I do have a 10-minute delay on that. So I could be up just by a tad. So what does all that mean? Great question. So what all that means is let's go take a look at our other sets of charts out here. So let's do this. Let's go take a look at internationally what went on. See if there's any kind of clues as to what might take place today. So we'll begin with a take a look at the Shanghai, the upper left-hand corner. So what we'll see here as we expand this chart out, we'll see an A to B equal CD pattern to the downside. It has not completed. Price is below. It's red oscillator and change line. It's below its TD9 count breakout level. You're in bar number three. Odds favor that price is going to at least go target the recent lows from August support. That's that hammer low. That's down around 33.06. If price closes below that, then price should get back to that 32.72 area. That could then set up the completion of an A to B equal CD to the downside. That would create a Gartley buy pattern. So the Shanghai should continue to head lower. If we take a look at what happened in the Hangsang, the Hangsang also has an A to B equal CD to the downside. It's got quite a ways to get down to that. Well, let me just do this here to make sure. I didn't mean to do that, but to do maybe this. There we go. So that would take us back into our March of 2022 lows out here. Price is below its red oscillator and change line, bar number three as well. So price should head lower. Now there is some support right here at the low of August 24th out at 19.189. But this is signaling to us both the Shanghai and the Hangsang should continue lower. The Nikkei 225 completed a TD9 count bottom pattern today. I did that because today was the bar following, oops, what about that? Following bar number nine. There's also an A to B equal CD pattern here, which was negated quite frankly, not last night, but the night before when price closed below support out here. So what do you do? Look, what price should do here with the TD9 count bottom, much like we have inside the U.S. markets, is price should bounce up to its asset and change line around 28402. But because it's got that A to B equal CD, you'd like to see a bullish reversal candle to simply confirm that bottom. Very similar to what we got many of the indices, some of the equity future contracts yesterday. If we take a look at the DAX, the DAX have been trading in a very large consolidation here for quite some time. Let's open up this chart. Let's pull this back just a tad out there. So you see quite a large consolidation. What took place yesterday is price went ahead and negated this little TD9 count bottom, little TD9 count bottom, one that formed on August 29th. This suggests, even though we're getting a little bit of rally, suggests that price likely will go target the bottom of that consolidation around the 12, 400-ish range out there. But if the U.S. markets continue to rally out here, and we're closed on Monday, odds favor that what the DAX is actually trying to do before it makes that run lower is try to get up to that oscillator and change line in the 13049 area. It's not a guarantee, but the DAX and the NASDAQ typically move in the same directional pattern out there. And we go take a look at the NASDAQ. We're going to see that that has nice confirmed bottoms. So I am making the assumption that we're going to at least rally today and perhaps into the early part of next week. If we take a look at the FTSE, let's just expand this chart out. What we'll see here is you're going to complete a TD9, you're going to confirm a TD9 count pattern today. It will complete on Monday. What I mean by that is you're going to get bar number nine today. The low so far is on bar number eight. That qualifies as a valid TD9 count as long as bar number nine closes below the close of bar number five. But that doesn't happen today. We're going to have one of the most gigantic, ginormous rallies that we've ever seen. So we're not calling for that, but we are calling for a TD9 count bottom that will complete on Monday. And that should then take price up to its asset and change on around $7393. So that's what's going on over in Europe and Asia. With regard to the U.S. dollar index yesterday, the U.S. dollar index negated its roadsman to indicator top out here. And by closing above, by closing over prior resistance. So what we have inside the U.S. dollar index is no top in place right now. And price is trading above the top of its daily profile, 109.20. As long as price remains above that, odds favor further rally inside of the U.S. dollar. Now, the Euro and the Yen are two of the components, two of the other five components that make up the U.S. dollar index. In the case of the Euro out here, let's just expand this out. The Euro has a nice roadsman to indicator bottom. It's actually got two of them. But we're looking at this one right here that completed and formed on August 25th out there. Now, what we have here is, and what price should be doing is price should be targeting 102. But what we really have right now it appears is just a consolidation pattern. Inside of the Euro. So prices, as long as price remains above the top of its, above its red offset or change line, perhaps what price is going to do is go target the top of this consolidation. You know, at about 1.008 somewhere around there. How about that Euro, 99 cents right now on the U.S. dollar? I mean, if ever there was a time to go travel to Europe, well, really that time will probably be next year when the Euro gets down to about 84 cents, 82 cents or something along that line out there. But if we take a look at the Japanese yen, I don't have the pound out here. The pound looks like it wants to also weaken and move lower. And the Japanese yen is moving higher, which means it's weakening against the U.S. dollar. There is an A to B equal CD pattern out here, but not until a bearish reversal can of forms will this identify at top. So that's what's going on inside the U.S. dollar next. Looks like it wants to continue to run higher. Sea roads with TFNN. We'll be right back. With booming inflation, we are purchasing powers eroded. There's no better place to protect your hard earned money than ain't gold. This the golds flagship asset is the Monk Todd Gold Project in all the territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd feasibility study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. 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Get Tom O'Brien'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 might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com. Educating investors. Free at 1-877-927-6648. Internationally at 727-873-7618. Looking back, folks, it is 8-818 in the morning. In case you're listening to 11-18, we are recording today's show earlier. You've got U.S. Equity Futures a bit mixed out here. Dow's off 10, Nasdaq 100 off 23. The S&Ps down one point. The Russell is up one. So let's continue on with our analysis of what the markets are doing. We took a look at international markets, what's going on inside the currency pairs out there. Let's take a look at our nine-panel market update chart. We take a look at the ESMini in the upper left-hand corner. Now what you're going to see out here, the ESMini, yesterday was a nice bullish hammer candle. So what yesterday did, and you'll see when we take a look at our white background charts, it confirmed really two patterns, two bottom patterns out there. The first one was the completion of an A to B equal CD. Now the way that an A to B equal CD pattern completes, it will generate either a bullish or a bearish reversal candle, bearish reversal candle on an A to B equal CD to the upside, bullish reversal candle on an A to B equal CD to the downside. Well, we got that confirmation yesterday with that bullish hammer candle. We also have a TD9 count bottom. You can't see it here. You'll see it when we switch over to the white background charts. What is also forming now this morning, this will not be confirmed until Sunday evening, is a new market profile using Stevie's advanced Doppler tool that helps us identify new profiles as they are attempting to form. And what we do know is even though they're attempting to form, they will not be complete and confirmed until Sunday. What we do know is where bulls and bears are taking their position right now. Now this is a bullish structure daily profile. The support zone is between $39.34 and $39.66. Right now we're trading right at about that $39.66 level, $39.67, $39.68 out there. If price closes above the center of a bullish structure profile, odds favor that price will be able to make its way up to the top of that profile. And that is currently at $40.60. So right now the countertrend move, the countertrend rally that is in place out here or should be began yesterday, should continue today, should target the $40.60 level. Now that will especially be true if that spot bulletinix continues to fall. It's still above its 50-day exponential moving average. The spot bulletinix has a TD9 count top in it. That should then take price back to the 50-day exponential moving average. The 50-day is currently printing at $2405. If the spot bulletinix continues to move lower, the S&P, the ESMini should continue to move higher. The NQ has both a TD9 count bottom. Now that was confirmed on Wednesday and yesterday was a nice bullish hammer candle and that has completed a buy the D point pattern. It too is attempting to form a new profile. So we know where buyers and sellers are setting up, at least setting up right now for the day. And the seller or the buyers are at the $12.137 level. The sellers are at $12.618. So the NQ should rally up to that $12.618 level. Back to the US dollar index, we already recovered that so no reason for us to take a look at that. The gold contract basically completed a 1-to-1 A-to-B equal CD move yesterday. Now price right now yesterday closed below the bottom of its weekly profile. Today it's trying to get back inside that. To get back inside that it needs a close of $17.1660 out there. We're trading at $17.1610. And if we get a bullish reversal candle, today you could get a bullish engulfing candle. You could get a piercing candle out here. That will then confirm A by the D point pattern. Now, we don't have new profiles, but what we can say is price would likely go target the first level resistance, which would be $17.5750. Silver, although it doesn't show here, isn't a larger A-to-B equal CD to the downside. That pattern had already confirmed and completed. That was negated a couple of days ago with the close. But if we did get a bullish reversal candle today, then silver would generate A by the D point pattern. With its price target to the upside being the 1863 to 1888 level. Lightsweed Crude has found support at both the bottom of its daily and bottom of its weekly profiles. Those are $86.51 and $89.01 respectively. A& prices held a rising trend line. What we can see with regard to Lightsweed Crude is it's trading between trend line support and trend line resistance. National Gas completed a TD9 count top. It did that last week. Consolidating sideways. Really between the top and center of its slightly bearish structured profile out there. So just consolidating sideways here. Not a whole lot of damage. And as we take a look at the 30-year treasury, it negated a bottoming pattern. Yesterday it was a, I believe it was a Rosement and Mindicator bottom that was out there. So it needs A and there's an A-to-B equal CD to the downside. A bullish reversal candle would confirm a by the D point pattern. Now, so that's an overview of the general markets and other instruments that each of you like to trade and where their current position or status is. Now let's go take a look at the daily equity future contracts out here. So let's do this. We're going to move over to a different set of screens. And in the upper left-hand corner, you'll now see that the ESMINI, in addition to the TD9 count by the D point pattern, it did that at its breakout level in 1975. If ever there was a sign of a bottom, at least a couple-day rally out here, you got it yesterday. You absolutely got it yesterday. Now, remember, there's a new profile that the ESMINI is attempting to form and that resistance level, the top of that profile that is, is at the 38, I'm sorry, it's at the 40-60 level. So 40-60 is a price target. The oscillator and change line is also another price target of 40-93. So we'll know more when we're back together on Tuesday morning at 11 o'clock. We'll know whether these profiles have actually formed. Maybe new profiles will form out there. We know that new profiles are attempting to form. And at this stage here, we should see a further rally. If you take a look at the NQ, the over on the right-hand side, you'll see that it did a similar thing to the ESMINI. It formed its bottom patterns at its breakout level, 12, 191.75. Folks, when you come back to a breakout level, even without a bottoming signal, that in itself would be a buy point. That's where the buy the dipsters are always at. They're looking for price to either come back to the bottom of a profile where there's buyers in support or the breakout area. And that's at the 12, 191.75 area. So the NQ, remember the top of that new profile is up at the 12, 6, 18 area. The 12, 7, 81 is the oscillator and change line. Those are the price targets. The Dow does not have a TD9 out breakout level. So what it did was it completed that TD to the downside. It completed a TD9 out pattern. And this suggests there is no new profile for the Dow. Wait a minute, Stevie, I think that there was. Hold on, hold on. Give me a second here. I want to make sure I give you accurate information. There is a new profile that is attempting to form. Now this one's fairly narrow. The top of that profile is at the 31887 area out here. And what the Dow really should do is go target that 32528. So right down under pad of paper 31887. That could be where a counter trend move would end. If price can close above that, then the signal is that what price really wants to do is go target those oscillator and change lines. Now the Russell 2000 the equity future contract does not have a bottoming signal. Price did come back to its breakout level. Remember I just said coming back to a breakout level can be a by the dip point out there. So it would not be unusual for that to know. The Russell 2000 and formed a bullish reversal candle today would confirm a by the deep point pattern out there. The Russell 2000 cash index. I don't have that shown here did form a bullish hammer candle yesterday. But it also formed a gap to the downside. And that means we have both a bullish and a bearish reversal signal out there. But the other three markets ES, the NQ and the YM have given us confirmation. You should expect and anticipate a further rally and how will you know if that really is going to unfold. Well that's pretty simple out here as we go to a break. We'll take a look at those 30 minute time frame charts. It's both the ES and the NQ that have TD nine count tops. You close above thirty nine seventy four twenty five in the ES. You close above twelve three twenty fifty in the NQ and you're headed north. I'm not headed north today. I'm actually headed west. See roads with T F and N will be right back. This to gold owns and operates the largest undeveloped gold project in Australia. The Mount Todd Gold Project. This to gold just completed their feasibility study resulting in a seven million ounce gold reserve. This to gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. This to gold trades on the NYSE American and TSX under the ticker symbol VGC this to gold executing a strategy to create shareholder value. 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So what I've got up here is the just got our charts here to take a look with the market action as well. We can already see it. At least the first reaction was for equity futures to bounce higher. They did that. Then they've just given up those and they're going to be able to do that. Then they've just given up those gains. Just a tad out here. Now they're back to gains out here. Gold jumped up to 10 bucks right now. So we've got a lot of movers and shakers out here. So let's do this. We'll come back to the movers and shakers. What you and I already know is based upon yesterday's information is that we should see a rally unfold today. So let's take a couple of questions that have come in. Then we'll come back to these charts here. We'll take a look. Unless there's other questions, we'll take a look at Gold and so forth and just how the markets have moved. But we've already given you the layout, the roadmap for today out there. So let's go take a look at our first question. We only have two that are in. I'd love to hear from you as well, folks. So give us a call at 877-927-6648 or send me an email. Send that quickly. Steve at tfn.com and please put radio show question inside that subject. So the first question coming in from Alton. Alton says good morning Steve. I'm looking to get into CTRA today. CTRA is Kotara Energy Inc. The email goes on to say I love the fundamentals of this company. Please help me with the technicals. At what level would you suggest for entry point considering it's daily and weekly OUL and task support. Thank you. Have a great Labor Day. Thank you, Alton. And everybody out there, please have a fun, safe, enjoyable. Hard to believe it's the so-called end of summer. Of course when you live in Florida the end of summer. That is a beautiful thing out there. At least that's what Steve believes. And so I want everybody to have a great Labor Day weekend as well. Always nice to get an extra day off, so to speak. So let's go take a look at Kotara Energy. See if we can help Alton out. And so we'll switch over to my three white background screens out here. We can take a daily, weekly and monthly. So here's what we know right now about CTRA. This completed a TD9 count top on August 23rd. Not until that high gets taken out. That high is at $31.90. Well, we get a signal that price wants to move higher. If that gets taken out, that signal would be that price wants to move up to $35.60. So now what is price doing? Well, price is below or closed below yesterday. It's also there in change line. So the bottom of the profile again, the bottom of the profile is one area where buyers are lined up. So Alton, that level is at $29.46. Would I use $29.46 right to the tick? No. So one entry area would be $29.46. A second entry area would be price pulling all the way back to its breakout level of $27.24. So those would be the two entry points. If we look at the weekly time frame, the weekly time frame shows that this could form bar number 8 this week. Now in order, yeah, that's going to form well, it should form bar number 8 this week. Now on a weekly basis, now a TD9 count top. On a weekly basis, it should form a TD9 count top all the way up here on June the 3rd. That was the bar following bar number 9. And then what did price do? It pulled all the way back to its breakout level, which held $26.18. Remember the body of the candle is the essence of price. The Wix, the upper lower shadows out there, whatever you want to refer to those as, those are nothing more than the screaming memies that took place during that time frame scandal session out there. They're helpful, but the body of the candle is truly the essence of price. Price held $26.18 and that was bounced higher. Now this may go on to form a TD9 count top. We don't know if it will or won't. Just this week is bar number 8. Next week, price would have to close above the close of bar number 5 to form that pattern. And that closed at 2866. But knowing that's a weekly TD9 count that may form out here, by the way on a monthly basis, this formed a TD9 count top as well. What price did was it pulled back and tested and rejected support. Both the market and the market are now at top of its profile as well as its green-off-sitter change line. So its signal is neutral. The signal here on the weekly basis is not neutral at least not just yet because price is below that green-off-sitter change line. So what I would be more apt to do right now, Alton, is is to look for that 2724 area. And the reason why I suggest that is if I put over a 30 minute time frame chart, just looking to see if there's any kind of signal here other than just some sideways price action. So I don't have a good signal on a 30 minute time frame chart, but I'm going to go with right now look at your entry areas, which is what you asked for. So I'm giving you those. They're 2946 and 2724. So I do hope that helps you out. Thanks so much for your email request and have a happy Labor Day as well. The next request comes in from Hector and Patty. And Hector and Patty want to take a look at says Happy Early Bird, Stevo. Absolutely. This is my favorite time of the day. I was up at about 4 30 this morning is is really being up early when it's peace and quiet and there's no distractions and nothing going on. It's even a great time to be on the road. So I am an early birder and have eaten a lot of worms out there. That means really have had a little bit of tequila in my lifetime. Happy Fabulous Fantastic Friday is what Hector goes on. He says Exxon mobile. My opinion is building cause to take a run at the all time high last three days. Daylight days, light volume pullback made the hair on his next stand up thoughts, please. So let's go take a look at Exxon mobile and what Exxon mobile is doing right now. So this blue line on the daily timeframe would be the C to D leg out here, which it doesn't appear to have really completed. It's just simply too far away, which is about 103 and the high was around 101. So I don't really think we've got it completed A to B equal C D or sell the D point pattern out here. What we do have though is a price is below the bottom of its daily profile and below a soft center and change line. So building cause perhaps it is, but right now it could be building cause to move lower out there as long as price remains below 96 62. That would be its message if price were to close above 96 96 62 and let me see what it's trading at in the pre market right now. Exxon mobile is trading at 95 75. So not good enough if price close above 96 62 then I'm on board with you that at least price should try to make a run higher with resistance or sellers being at 98 11 and 99 91. So perhaps price are going to pull back further pull back further to where well its price target could be 85 21, but we're not going to go there Hector because the next downside price support level comes from the weekly timeframe, which is 89 80. You got a nice TD 9 count top if you would like that, you know, on the monthly timeframe, so that price that says price really needs to take out. It's all time high out there in order to really get moving to the upside, but prices above the top of its weekly profile above its green oscillator and change line. So its signal is really neutral. The weekly timeframe has that roadsman to mitigator top that confirm with that bearer shooting star candle out there that did take price back to support the bottom of its profile 95 0. 95 0 6 is the level that price needs to close above, but really in a straight at 95 75 the pre market price needs to take out a close back above 96 40 the green oscillator and change line. If it does that, that's why we gave Alton, you know, the two different levels of support out there potential levels of support. If we take a look at that Exxon mobile, it's trading back to the bottom of its green oscillator and change line. If it does that, then Hector price should go target the highs from June the 10th out there. That's up towards the 105 area. So we got a little bit of so right now it depends on today's close, but right now if you know if this were today's close here, this is still suggesting lower price. I'd go with the 89 80 as my next outside target now on a 30 minute timeframe chart out here. So intraday out here. We know prices trading at 95 78 95 78 is going to get us up towards our resistance zone, which is 96 41 to 96 79. So price close above 96 79. This is coming from the 30 minute timeframe chart. What this is suggesting to you Hector and Patty is that price wants to continue to move higher. So that's our thoughts on Exxon mobile. You're also looks like asking about IWM. I do. I'm not allowed. Please review as you loaded up as it touch the down by the default yesterday by one. So we're going to take look at the IWM for Hector and Patty folks. I'd love to hear from you as well Steve at tfnet.com or 877 927-6648 of course in our Tigers then anything will do a great thing. 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 tfnet.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave. 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From the moment the market opens until the closing bell sounds, Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ Welcome back, folks. We've got the charts here for the IWM up on our screen. You can see the A to B point that I drew in there. That's that first blue line and then I just simply copied and pasted copy, pasted the symbol that is, you know, I am a CPA by trade out there. Of course, that was a long time ago when I got that their certificate. But what we have here is the A to B equal CD was more than a one to one out there and we did form or it did form a bullish hammer candle however, Hector, what it also did was it formed a gap to the downside. So as I mentioned in the early part of the show, we have both a bullish and a bearish reversal candle. Now, what I like to do when you have gaps is I like to go ahead and take that gap, which is by this rectangle here that I've used and then simply add that to the candle. Add that to the current days candle and say, okay if that, if we filled in the gap there does that still leave us with a bullish hammer candle? And the answer is it would not because the body of the candle, first the wick of the candle needs to be at least twice the size of the body of the candle out there and I can just tell by visually looking at this that this would not qualify. That doesn't mean you're not going to bounce out here because clearly we are. We take a look at the markets out there and so I just think the IWM in sympathy with regard to what else is going on is going to bounce. Now with regard to the IWM, you want to see this get back above, it's a gap and that's at the ones, the low is 183, 183 19. In the pre-market the IWM is trading at 182.59. So you'd really like to see it at least get above that gap out there and that should continue to move higher. But the IWM and the Russell 2000 equity future contract did not give us a type of signals that we got from the ES, the NQ and the Dow contract out there. So just be careful and Hector and Patty at this stage here I'm not really considering this to be how can I show you that chart? How can I show you, oh I can do it. I've got that chart here. So we all have to be careful. We got a nice bottom yesterday we're going the rallies it should should hold today. If it doesn't hold there's really trouble in River City. So it should hold today and but the question is how long is it going to last? So I'll put this chart. Let me make sure I'm on the right screen. I'll put this chart up here at a minimum what we should get is at least a two day rally yesterday was day number one. We closed above the, and I'm looking at the NDX100 by the way. We closed above the bottom of the prior day. So we got a little bit of a higher close. My system won't just show bar number one either. But so today yesterday was bar number one. Today we brought bar number two. If you take a look at coming off of the bottom here, we've had one, two, three three, four, five. We've had five two bar rallies. We've had a couple of three bar rallies and we've had one five bar rally. So the rally that is underway should last anywhere between two to five days. Now two days says that today would be the high out there. So I just throw that out. If you are a conservative trader out there, I would really need to see today's close and I'm not going to be in front of my screen when today's close takes place. In fact, I shortly after the show here, I'll get on the road and I won't have my laptop or anything with me. So I won't know. But I just want to certainly share that with you. Typical counter trend moves in a bear market are going to be two to three bars. But at this stage here I can see two to five bars based upon the sequences that we've seen so far out there. That says that we could see a top that forms really between the end of day today and next Thursday, I believe, is when the fifth day could come into play out there. So I just share that with you and just suggest I don't want anybody to interpret excitement or anything. And look, it could be a significant bottom. I just don't think so. But Steve says it doesn't think so. What would suggest that it could be more of a significant bottom? Now that's a great question. So how would we answer that? The way that I'd answer that is I'd look into the weekly timeframe charts. So we're going to go look at the weekly timeframe charts. We're going to just change our screens out here. Oh, now this is going to be interesting to see if I can grab the right screen. I think it's this one right here. So you should be looking at the weekly. Yeah, you are. So if you take a look at the weekly oscillator and change line, folks, that's the red squiggly line on our screen out here. The price closes below those levels. So for the ES, it's 40, 20. For the NQ for the NQ it's 12, 370 for the Dow, it's 32, 125 and the Russell is above it. If price can close above those oscillator and change lines, that's going to suggest a more rally is more counter trend move is likely. If price closes below those levels it just it's when you're below a red oscillator and change line, what it's telling us is that we have a falling price oscillator and the falling price oscillator is below zero. Those are simply bearish directional signals for us. So when you take a look at the two day rally now, look on Tuesday when we come back it could just be a pullback and then a rally resumes, but I just simply want to make sure that I'm being clear with regard to the technical signals that that we see inside the marketplace as we speak right now. So hope that helps you out. Tector and Patty have a happy holiday as well and we'll look forward to getting back with you hopefully on Tuesday. So no other requests that we've got in the queue right now. So let's go take a look at how the market has responded to the jobs data. So right now as we speak and this is 848 in the morning, you've got Dow equity futures up 91, Nasdaq up 30, S&P of futures up 12, E-mini Russell is up 8, Gold's up 7, Silver's up 15 cents, Platinum's up by 10 bucks out there, Light's Recruit is up by 250. So let's start taking a look at some of these instruments out here. Let's go take a look at Gold and Silver and let's do this. Let me make sure we chart them. Okay, let's do this. Let's take a look at our multi-panel set of charts out here for Gold. That would be this. We've got Daily, Weekly, Monthly and Quarterly. So if you take a look at the Weekly timeframe for Gold, that is the upper right hand chart. What you're going to see is Gold has been in a sideways consolidation. So that sideways consolidation was tagged this week. The last time it was tagged was out here in the trading week of July the 18th the week that began July 18th. And so the question is, will this hold? If it does hold, and you can see you've got the A to B equal CD to the downside, the small one inside of a Gold close enough for my work. It got down yesterday at 1713 1685 is the exact one to one A to B equal CD. Well, that's for the, that's for Stevie's synthetic contract. The actual number of the one to one is 169440 and the actual low yesterday was 1699. So a bullish reversal candle would absolutely generate a buy the D point pattern. I would suggest to move up to the 1775 level. But I want to go back here. So I've got we were just looking, sorry, didn't mean to look at this chart. Here are the symbols that I'm using or a synthetic symbol that allows me to stitch together multiple futures contracts, get TAS market profiles out there and not use the continuous contract. This works out better for so but the numbers will be different as you can see out there, which is why I flipped back to the actual December contract. But here you can see the consolidation. So we get a bullish reversal candle today. You should expect to spate a further rally inside of a gold and again that first price target to the upside would be the 1765 area. So that's what's going on there. If we take a look at the silver, let's do the same thing. And when I say the same thing, let's look at this multi time frame charts out here. Now silver is a temp. You know, this is just I think just popped up on our screen. Silver is tempting to form a new daily profile with support around 1759 and resistors at 1938 out there. Wow, that's quite a wide profile. Hmm, something to think about. You can see on a quarterly basis prices back into its bullish structure support level between 1639 and 1821. When we get back to this break, we're going to look at ENVX for Bob and Spokane. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with a list of gold, silver, bonds, DXAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com Don't miss out on the next great gold trade. Sign up today. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guaranteed. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate 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'Brien'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 Watch Tiger TV It's 8.54 in the morning. Dow futures up 150. S&P up 22. NASDAQ up 58 and the Russell's up 12 points right now. We're taking a look at ENVX This is for Bob in Spokane. ENVX is NOVIX Corp. out here which yesterday pulled back and tested the bottom of its daily profile. What I've got out here right now is a 30 minute time frame chart. 30 minute time frame chart shows an 80 people CD to the downside shows a nice TD9 count bottom both of which were confirmed at 12 noon yesterday. Price is trading with inside its 30 minute profile. In the pre-market out here you've got ENVX trading out at about the 2020 level out here. 2093 is going to be the next resistance area price can close about 2093 price should run to 2252 now the request was just simply can I look at ENVX. So that's what's going on with it on a short term time frame basis if this can rally nicely today and generate a bullish reversal candle then this will create a buy the D point pattern you can see the A to B and I just simply copy the A to B down. You basically made the 1 to 1 price held the bottom of its profile at 1963 so bullish reversal candle would generate a Gartley buy pattern. This had a Rogement Dominicator top that was confirmed so you're really looking for a bullish reversal signal out there otherwise you might just begin in a little bit of a counter trend move. We've got no topping pattern in the weekly basis this suggests over time price wants to target 3441 you've got a Rogement Dominicator bottom on the monthly time frame so wait for a confirmation on the daily and if you get that then you've got your Gartley buy pattern and a time to fire away. The caution out here is if you don't and price closes somehow below 1963 there's always a concern that this could gap down and create a gigantic island reversal. That's not the pattern that you have right now so watch today's action intraday we took a look at that on the 30 minute time frame chart again watch at 3252 level so lastly with just about 30 seconds left or so we'll finish off the day take a look at the NQ remember folks you should expect and anticipate a rally that rally should last through today the question is do we rally again Tuesday Wednesday and Thursday now it is the end of month fun buying that takes place next week so odds favor yes but watch the resistance levels resistance levels 12 473 on the 4-hour chart 12 413 on the 5-hour chart 12 467 on the 2-hour chart 12 467 on the 60-minute chart let's go with 12 467 price closes above that the rally continues through the rest of the day folks have a fantastic holiday weekend I'll see you on Tuesday be safe out there you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 they 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