 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 afternoon folks. Welcome to the March 30 at the wonderful Wednesday edition of today's Trader's Edge 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's having a great day Hey, let's make sure we have an extraordinary one of the easiest way to do that Just to always remember that life is happening for us not to us That's right We do not make that one little two-by-four shift means we can find the gift in every set of circumstance that life is gonna toss at us Now today you and I we're gonna go check out the circumstance of these markets We're gonna go figure out what those bulls and bears what those buyers and sellers are communicating to you and I just pass one O'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here 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 an 877-927-6648 and 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 and aside our Tigers didn't well any in every ping will do so let's go ahead and get this show started on Wonderful Wednesday, of course. This is Tiger finance a news network. I'm Steve Rhodes Welcome to the show right now. You get all US indices trading the downside Now is off 95 S&P's down 22 Nasdaq 164 Russell's off 17 semis down 54 trend is off 184 The largest percentage mover is a semis down one and a half percent To the upside you've got the gold up 21 bucks 19 38 is his prince Silver's up 42 pennies 25 16 is what it is printing lights we crude up 271 106 95 is the last trade natural gas Is up 19 cents? It's really 4% 552 there and a 30-year treasure up 21 ticks 149 19 is the print now lead the charge dollar-wise to the upside you've got Lulu lemon 40 bucks 11 percent Aberdeen standard Palladium is up about 5% or 11 bucks Biontech is up 9 and chains. That's nearly 6% crowd strikes 7 that's 3% so the downside It's restoration hardware off 46 bucks 12% Amazon down 39 or 1% booking holdings 34 one and a half percent Mercado Lear Bay off 27 bucks 2% Shopify down 25. That's about 3 and a half percent We did have a couple of requests. Why don't we get to those right away? Now we'll just simply go into the general markets. We have one request one from yesterday They didn't pick up on so let's go take a look at those and the first request was to take well Actually, there's three requests. One is Tesla Somebody want to take a look at the Xl y Joey want to take a look the Xl y and Hector and Patty We didn't get to their request yesterday take a look at the Xl f Let's get all three of those in and we'll get the markets out here So we take a look at Tesla Tesla trading above the top of its daily weekly and monthly profiles out there So all of that looks good That means we need to go switch over to our other set of charts out here and see if there's any kind of a topping signals Or anything that Dan from Boston needs to be aware of so we begin by taking a let's see that work Yeah, that worked. Okay, so now what do we know so on a monthly basis Dan You've got price trading above the green oscillator and change line So it's neutral because it has a confirmed roadsman to mitigate or top neutral to bullish is what we would say or what I would say Same kind of pattern set up inside the weekly above the profile which we discussed above the green oscillator change line It's got a roadsman to mitigate a signal. So really kind of neutral to bullish price should move higher go test those eyes However, the confirmation of that Dan will come from the daily time frame chart It's on a daily time frame chart much like the indices out here or many of the indices not all of them Tesla formed a TD 9 count topic completed that pattern yesterday did that on the bar following bar number 9 now the cool aspect about that We know where the high is that and what we know is that if there's a close above that high not a test of the high Not a spike of the high but a close of the high, which is 11 14 77 Then Dan that'll give you the signal that price going to make its way back to the highs The oscillator and change line here has changed colors So that really should signal to us that price that line should catch up to each other now We don't know if it's going to be a sideways movement while that oscillator and change line rises where the price is going to pull back As well as the oscillator and change line rise We just don't know what combination there is but the combination That's present for the pattern that's present right now suggests that that's what the move should be Well, that's the case. We should see some topping signals on the intraday charts out here. Well 195 minute chart and not so much not yet the 130 minute time frame chart No topping signal yet. It has a possibility to form a TD 9 count But it still hasn't taken out the higher high of this pattern, which is bar number five in that high out There is 11 14 77 so price does have to spike above that to get that however The 65 minute chart does have a TD 9 count top so that's really the one to take a look at and follow and Right now price would need to close below 10 65 83 to give you a signal that there's a chink in its armor out There and that chink could take it back to the 998 level That's the breakout level of the 65 minute chart and 986 happens to be the TD 9 count daily Osset and change line so I would watch a 65 minute chart for our signals out here But otherwise it's similar to the general market. So in fact as long as I'm here on this screen I'll just change over we'll go take a look at the NQ right now and as we take a look at the NQ As I can find it out here What we're going to see is basically something similar and the similar is if you look at the daily timeframe a TD 9 count If you look at the weekly chart so Tesla stronger on the monthly basis and the NQ because on the monthly base here for the NQ Price is below that Osset and change line in the case of Tesla Stronger than the NQ because price was above its monthly green Osset and change line the weekly here prices above that And that's what gives me the strongest period of pause with regard to this TD 9 count topping signal that we have And the reason is is because from an intermediate term standpoint using the monthly or the weekly timeframe chart price Really should have found resistance that this was just a countertrend rally and not that it still can't be but basically the ideal set up The ideal set up would have been price stopping at that Osset and change line as it did last week now The week is not over. It's only 1 13 in the afternoon And so we can't really totally make the call but we're going to communicate to you what it's communicating to us right now But if price did close back below that 14807 ish level out there come Friday afternoon Boy, that would be a big tell right now We don't have that tell and we don't have anything that's really broken down on a 30 minute chart Not any big signals there 60 minute chart no real key levels of support breaking so It looks like it unless something some news event Takes place here in the next couple of hours Maybe it's something that occurs overnight that sets off these TD 9 count patterns that we've got in the NQ The ES many and several of the indices out there But it is the weekly charts out here that give a Stevie pause because I was just going to make our Call from an intermediate term standpoint as to what the NQ is going to do and I was just using a weekly chart What I would be telling to you right now is that the NQ wants to continue higher We don't do that because we're not ignoring the daily signal that's out there So that gives you a general idea of the markets overall. Let's go back now. We've just have a few seconds here Let me get back to the tab if I can find it real quickly And we did have requests to take a look in the side of the Tigers den here. That was the XL Y I believe I hope I've got that right. Let me come back and see Where was that put in here? XL Y that was for joey D. So let's let this populate here joy What I'll do is I'll leave the XL Y on the screen here You're the Tigers den and hey folks everybody should join the Tigers den go to the homepage at tfnn.com You can sign up for a buck one dollar Mortimer for a full year So we'll leave these charts up. You'll get to take a look at it and enjoy maybe in your mind You can tell me what is it that Steve he's going to say about the XL Y Great 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 TAS profile scanner is the premier market profile base 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 TAS 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 1-877-927-6648 Internationally at 727-873-7618 Good back up folks So we're take a look at the xly that is the consumer discretionary sector and I think the question was just to take a look at it So when we do look at the xly looks different than the nq that we looked at looks different than tesla And what I mean by that is if we take a look at the daily time frame That's what we've got up on the chart first of all this bottoms with wave number seven that is letter g and erosement Diminuator signal that was on February 24th now just make an observation here. It is kind of interesting What else happened on February 24th? Does anybody out there know that inside the tiger's den? What else took place on February 24th when basically the US stock markets most of the indices made a bottom Does anybody know somebody out there's got to know what took place on February 24th out there of significance And yet our US stock market here has a bottom absolutely flip that was the date that Russia invaded Ukraine And that was the you know not my birthday Duffy, but thanks for asking We got to wait for September for that one but so In any event on that day here with regard to the xly you've got two bottoming signals Does two bottoming signals mean a stronger than one? No, it does not at least that's not what I've been able to determine just yet But in any event out here What we had is we had a TD nine count pattern Went ahead and topped on the trading day of March 23rd right as Joey Reddus price was moving right into its bearish structured daily profile So just clearing that is a very bullish outcome And that's what took place three days ago on March the 28th on Monday price closed above that and negated the TD nine count It closed above there's nothing more bullish than a failed bearish pattern Well, here you got the failed bearish pattern of the TD nine count plus combined with the bearish structured profile So sellers were unable to deal with the momentum of buyers In fact the volume on this trading day, even though you can't see it here on the white background chart Exceeded the volume of that TD nine count high that swing point out there now Many might say that that forms an a to b equals CD to the upside I'm not in that camp the reason I'm not in that campus because a retracement was only 18% Doesn't mean that price won't go higher out here But we don't need the a to b equal CD pattern in order to help us gauge where price is likely targeting Unless there's some other topping pad that forms between now and then and the target out here should be 209 39 now here's the deal if the S&P and the end obviously this is one of the sectors inside the S&P this should hold up the best Of a or one of the sectors that should hold up well just simply based upon these patterns if the move lower Let's say there is a move lower. We have the tops out there the ES the NQ And if there is a move lower You got the outside and change line here that has changed colors where price should find support and this is where you want to be a buyer Potential buyer of the xly would be at 184 11. It could be at 186 62 But typically would be at 184 11. That's the center of that Bearish structured profile out here The only thing to suggest that price might pull back is that that changing color on the OUL and the other indices Otherwise the signal here for the xly for its daily time frame is to head higher now What are the other time frames tell us about the xly? Weekly above the top of its profile that was also bear structured profile does weak does then till Friday out here But right now it's looking pretty good on the monthly chart the resistance levels 195 16 That's basically where the top of the profile is that which is really 192 222 and the Oscillator and change line no topping signal on the 195 You've got a TD 9 count on the 130, but price is holding support green oscillator change line 65 and has a TD 9 count top but price holding support So so far support is held on this but you know the xly the consumer discretionary will just simply be it's a it's a small waiting Or small, you know, it's not it's not one of the large weightings inside the S&P 500 So it's going to be subject to what the larger S&P is likely going to do but otherwise so that's what the xly looks like there was some questions here to take a look at Let's see here because they can get away from me pretty quick inside this little chat room out here and Where was one one? I think was to take a look at Apple And was there anything else? No, it's the xly and then I think the last thing inside the den was to take a look at Apple so let me punch that chart up on the screen here Let's go see what this is doing my recollection is Apple on a daily basis has a TD 9 count top as well So coincides what we're looking at inside the markets just waiting for these charts here to populate There we go. So as we take a look at the daily time frame of the xly you'll see yesterday Was it's TD 9 count up again? The beauty of that is if there's a close of my yesterday's high that high by the way is a 179-01 then we would see price get back to its all-time highs and that's in the 183 ish range out there So you want to watch that green outside or red outside and change line changes colors topping pattern You know the game plan, you know the rules here basically we should see price that line catch up to each other That's a daily time frame for Apple. What do we have here for the larger time frame? Well in the weekly basis price right now is above the top of a new profile that is forming this week That says it wants to move higher You've got a TD 9 count top on the monthly but price above that green outside and change line That says it wants to move higher. So the the real key here is the daily chart With regard to the intraday time frame charts the only topping well There's topping pattern for the 65 and for the 30-minute chart But no levels of support breaking the key level I'd say inside of Apple if the market is going to crack or croak Then you would see Apple close below 174 15 if you get that then that's going to really really be the signal moving to the 170 14 level now that number don't use that to be exact That's the outside and change line on the daily time frame You can use 170 415 because that was the TD 9 count breakout level for the 65-minute chart So that's what the charts for Apple look like out there. Did I get to everything? I believe that I have we got to XL y and Duffy Thanks for posting the holdings inside their Amazon Tesla Home Depot McDonald's Nike Lowe's Target Starbucks booking holdings and TJ max making up the top entities out there and it looks like that's 2340 far 51 for a I mean, that's a 60 70 percent of the of the men and the reason he posted that there Was simply to say hey you really should look at what's going on underneath the covers and certainly the top You know, I'd say the top eight or ten Charts are the top eight or ten holdings with inside there to really get a feel for what the XL or what the XL y is doing Request here. Let's see. There's a request a private request. I see that Steve please show charts on f t r i so let's go ahead and put up f t r i That is as John says etf holds large stakes in BHB Rio and Valley So our pleasure to do that for you John So let's just give this a moment to populate and then okay, and then we've got a request also to take a look at Rivian so very cool. So we're just a you know, you guys I'm just learning how to navigate this new discord tool out here So we take a look at f t r i What our signals here show and I'm just gonna quickly go to so on the monthly timeframe John This is bullish price is above the prior swing point There's no topping signal if anything there's need to be equal CD to the upside up here If we look at the weekly chart, I'm just gonna expand this out on the weekly time frame You know quite a way this had a TD nine count top that got negated and In basically one day that was the February 11 So this is a strong momentum move to the upside John We take a look at the weekly timeframe chart. So the monthly and weekly look very good What's a daily chart telling us a daily chart shows us what? Shows us that it negated a wave number seven. That's letter G out there Price today if price closes above today the high from March 25th that high is what a 1661 You're at 1663 the daily roadsman dominicator top will get negated But even if it doesn't its signal is neutral to bullish out here So the daily the weekly and the monthly particular symbol FTRI all suggest higher price John, I hope that helps you all we come back from this break. We're gonna go take a look at Rivian our IVN 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 comm 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 comm 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 TFNN.com or TFNN's YouTube channel for live financial content from 8 30 a.m.. 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We'll put this up on our chart No, it's not enough data and generate any kind of market profiles So we don't have those we can see the Rogement Dominicator signal on a weekly time frame So that says let's go take a look at the daily time frame that a daily time frame confirm that bottom and it did Rogement Dominicator and TD9 count on March the 15th prices above its daily profile So price should now go target 59-14 and pricing close about 59-14 the TD9 count breakdown level This is going to give us a change in trend signal a change in change in trend signal to the upside would then suggest to move To the 66-54 level you got a short-term topping signal On the 65 minute and it looks like the 35 are the 30 minute charts going to give us that Well, we just started Well, we did know it gave us a 130. Okay, so you've got two topping signals out here But that might just be priced pulling back the test support areas in the support area here We'll be looking at 52.95 below that would be $50 and 13 cents But on a bigger picture if you're asking did Rivian form a bottom the answer there is yes But I buy into it now probably not it's too close to resistance that 59-14 area with price being at 54 36 out there, but it should get to that 59-14 area So I do hope that helps you out the next question. Well, let's go take a look at XLF for Patty and Hector hopefully they're listening in or maybe listen to the archive And I believe was the XLF that they had written in about that I didn't get to yesterday It was late in the show. So let's see if we can get this here to populate. So on a monthly basis for the XLF What do we know? You've got a what a roadsman to indicator top out here But price above that green oscillator and change line and above the top of its profile So Hector the neutral for that the signal for the monthly time frame neutral neutral to bullish The weekly chart has a roadsman to indicator top But here it is still bearish because price is found resistance at the 39 64 level That's a green oscillator and change line on a daily time frame As this was forming a bottom. Was there a bottom pattern that we can see out here? And the answer is no doesn't mean that didn't bottom just means I don't have one now prices back inside the daily profile and The oscillator and change on a change color. So price should go target at 3867 level That's what you're looking at or looking for you'd like to see a test and rejection of that green Oscillator and change line that would be the next potential buy point at the same time That's occurring you'd like to see some type of short-term bottoming signal We don't have a short-term bottoming signal right just yet However, the XLF on a 30 minute basis for me is in bar eight right now So it could form a bottom at around the 3906 level its breakout level Again, this is bar number eight that it's forming bar number nine will be complete by 230 so by three o'clock if the XLF is gonna bottom and have a little bit of a bounce That would be the pattern that you be looking at for it again That's the XLF the 30 minute could be a TD 9 count bottom out there But otherwise it looks like larger term larger term or not larger term Longer than the 30 minute time frame chart price should go target that daily oscillator and change line So Hector patty. Thanks much for waiting I do hope that that helps you out if that is in fact what you were looking for the next question here coming in from a Dan F and Dan says looking for an entry into CMC So let's go ahead get CMC fired up here CMC is what? CMC let me look at some other charts here. That is Commercial metals and your question was Dan looking for an entry point into CMC So it's got a new daily profile that formed today. It's bullish in structure and the the the Target area or the buy area potentially is between 3984 and 40 30 71 That is the bullish structured level of the daily profile on a monthly basis No topping signal in fact that they get any kind of topping signal suggests price should move higher the weekly Price should move higher it's above its oscillator and change line and the top of its weekly and the top of its weekly profile The daily time frame out here for CMC. Do we have any kind of a topping signal? So The answer is no, I don't have a bearish reversal candle even to confirm an a to b equal CD pattern to the upside But nonetheless watch for the support area. You're looking for an entry 3984 40 30 71 And ideally you'd see some type of bottoming pattern on one of the shorter term time frame charts 30 minutes 65 minutes Maybe one 30 or so out there So that's why I'd be waiting for being patient. You might get there a relatively quick But the daily and the weekly charts here for CMC Dan look very good. Thanks so much for writing in next question coming in from Well, it's like a Jeff near Philly and please take a look at BG FV FV not familiar with that one. Not that I'm familiar with all of them I just don't recall seeing that signal. So let's go to BG FV and See what this actually is big five sporting goods Corp. The question is please take a look at the stock You got long yesterday. Oh So it's pulling back today. We need to go figure out. What is it doing? So yesterday what it did here? Jeff was it got right up and it did close above the TD 9 count breakout level of 1907 but you know the game plan We need to see two consecutive closes in order to confirm a breakout So that being said what price is likely going to do is pull back to the 1695 1721 area on a monthly basis out here Price is trading into the support area of its bullish structure profile between 1075 and 1375 I don't have that. I've had a topping pattern on the weekly I don't have a bottoming signal on the weekly chart and that says that longer term price could be pulling back to 916 so be careful because the weekly chart well the weekly chart exercise a consulate as a new profile out here And price right now is consolidating within it. So watch 1488 to the downside and 1961 to the upside What else can I see here not much so It just looks like price wants to move lower for this instrument and that that lower should be in the 1694 to 1721 level. So Jeff, I hope that that helps you out. Thanks much for taking the time to write in Michael P wants to take a look at hell Steve. How does PBR look paps blue ribbon? So let's go take a look at PBR, which is not paps blue ribbon And because I'm sure that Michael P doesn't drink paps blue ribbon, but he does drink Petroleum Brazilliero Petrobras You know, I totally screwed that up, but it is what it is now. What is PBR actually doing out here? so what you can't see is the Descending trend line and rising trend line first of all go to I'll show you those momentarily the monthly chart looks bullish Price has moved to 1684 the weekly chart looks bullish But price is consolidating with inside its weekly profile needs a close here Michael P above 1468 that's what you're looking for the daily time frame chart doesn't have a topping signal But there's a descending trend line that price ran into I'll show you that momentarily the 195 minute chart as a roadsmen Dominicator signal key level support there is 1371 don't know the price getting it back there. Your question is How does PBR look as an investment? Do you see an entry? You're already in maybe some of the holdings? I don't know you've listed those I can't go through all of those so I Would what here's what I would do you up towards resistance On that weekly chart. You're really kind of neutral there Wow You know, I'd rather you buy this on some type of retracement and that retracement be 1445 1435 1435 1445 and where I'm going with that as a 30-minute chart That would be the bullish structured profile area out here But I don't have anything right now Michael It says the price is gonna get back down there So as I look at these charts, and that's why I was pausing a bit I don't have any signals here to really suggest that this thing can go lower if there was any signal to go lower Maybe it's from the 15-minute chart and I would say 1415 1450 would be the area Mike P Thanks much writing in and I hope that that helps you out. 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 Clearwater markets? 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Thanks for calling. Thanks so much for holding. How are you today? I Great Steve. I had a question for you and this may be beyond like obvious On the NYSE oscillator We put in highs back in January, I believe and then we are above the 150 again just recently Yet the market is making significantly lower, you know a lower high that it did back then Can we garner anything from that? We all went back to just work this week or so I I wouldn't you saw the the I Wouldn't go back and use the January data and take a look at because actually We made a higher high and that advanced the client oscillator reading just a few days ago back on the 18th of March and that reading was much higher than the ones that you were looking at in January So, you know, that's that's really not that's my question. No, basically, okay Is is there a kind of a negative divergence within that itself? Can we read anything from that or no? I just when I saw your charts before with the oscillator unchanged As I just happened to notice that you know, we're kind of basically up at the same levels yet The market's not near the same level. I Don't know I don't I haven't done a Enough I haven't done any research on that to to make that determination So I understand exactly what you're saying and what are you saying folks here's look We have a negative divergence the advanced client also they're making higher highs So in and price is making the lower highs out there. Does that mean anything? So I've got enough tools to really interpret what it means right now and there still is a little There's a divergence a small divergence, you know on a closing basis the advanced client oscillator peaked on March 18th But 223.24 is reading and then yesterday We got up to 213 21. So you still have declining tops there with rising price That combined with oh, I've got the wrong page of my apology. Give me a moment here. Sorry about that Peter and everybody else They're kind of like same. What are you talking about Steve? Oh, so here's what I'm talking about Here's the chart that Peter and I are discussing and so here what he was talking about is this junior area Well, my curse is that in this panel area and here he said hey look we've got a higher high out there So this has been rising in essence if we were to draw a trend line Our price has been declining and a question there is and I suppose then the assumption would be if that's a negative Divergence that should lead to higher prices. Is that basically what your your thought process is? No, I'm thinking that the prices will come down and so like we've just we've gotten to a point where Basically we've gotten let's see. I'm now I'm looking okay. There we go. Oh, actually that is interesting from just Monday The change you know, let me see the chart Yeah But if we take a look at just the current information the current information says we still Have a divergent pattern with a lower high in the advanced client oscillator higher high in price And then we switch from this chart here to the white chart that I believe that I was showing before And that's the actual chart for the New York Stock Exchange and when you get that divergence folks We like to see is some kind of topping pattern Well, in fact yesterday was the TD 9 count top for the New York Stock Exchange as long as price is not closed What yesterday's high this suggests that it the New York Stock Exchange should pull back to 16577 So the divergence is Suggesting and the pattern the TD 9 count pattern suggestion that pulled back now If price just gets back and test and rejects that green oscillator and change line That's actually a bullish signal for the market And if we go back to the advanced decline oscillator It's signal is actually bullish for the market longer term not short term with the Shoot didn't mean to do that Sorry about this. Yeah, I'm not able to multitask that well. It's amazing I'm actually can able I'm actually able to talk and look at a screen at the same time out here But because we got to hire because we got above the plus 150 level just getting above plus 150 Typically means over time in the future. We're gonna see higher. We're gonna see higher prices them Then where that advanced decline oscillator high occurred And so this this suggests that we should see higher price out there That's the reading of it of the advanced client oscillator All right, I think it was just one some clarification there if there was anything to be read from it Yeah, your specific question yours. Yeah, your specific question I I don't have I've never done a study to be able to answer that but maybe maybe you could do that for me Maybe Thanks, Steve. Have a great day you too and thanks so much for calling and for holding The last question after last go we got a few minutes here. The next question that has come in is from Jack Was it Jack? Yeah, it is Jack. So Jack writes is fairly long See what's up on my screen out here at the black background screen? So let me just switch over here for a moment as I start reading so Jack says Good day, sir He must be talking about my dad because my dad would be sir not Stevie Just starting just trying to learn basics been listening to your show for the past two weeks I think it's great. My good friend Greg in New Hampshire told me I should make sure I listen to you Wow, Greg's a good guy my question probably two elementary four-year listeners now There's no question. That's too elementary for any of us. So no worries of no time though We're gonna make the time I need to do a lot more. Okay, how how many stocks should I attempt to watch for trends as a novice? Well, that's a good question. I think what you what you're gonna do is you're really gonna start off Well, let me just switch over to Boy, you know, so it's a novice if look it I'll tell you exactly if you're a novice where you're going to start It's gonna give you the give me a moment here. I'm gonna switch over to the white background screen And I'm gonna switch charts out here Even though some people might say that it's beauty when you're a novice here because you're just really learning So if I was just teaching somebody brand new into this I would say what you're going to first focus in on are the futures contracts so that's the first thing you want to be able to get access to if you want to learn technical analysis and the reason is because the Futures are trading 23 plus hours of the day and what I do why Greg perhaps told you to watch the show is I Trade patterns there are patterns that repeat over and over and over and over again now That doesn't mean that every pattern works. We learn from failure and learning from failure is to most certainly use stops And that means position sizing but with regard to instruments that you're trying to learn and you're trying to understand trends I would focus in on the futures contracts and you want to be able to get access to the short-term time frames If you subscribe to different folks here at TFN, you're gonna learn a ton In my case you can subscribe for 29 days and app access to a bunch of videos that will help to educate you But I would start with the futures contracts because they are the ones that provide us with the most consistent signals out here Many people will tell you that they're thinly traded overnight Doesn't matter whether thinly traded or not what we're looking for is price discovery and we're looking for those patterns those patterns being the TD 9 count you're seeing here what we're talking about right now today's a TD 9 count tops are out inside the yes Many in the NQ and inside the Dow even though it doesn't have a TD 9 count back to negated it It ran right into resistance where price of broken down. Now. These are not things these price breakdown areas and breakout levels These are nothing that I'm pulling out of my, you know, what they're specific with regard to Rules it's all rules based system out here and they really work There's not a single Individual with inside of TFN that I know of or even inside our den that would have chosen 35-244 as the resting place or the stopping place for the Dow equity future contract yet. That's what took place yesterday So that would be the first place that I would start to answer your question and darn if I didn't just lose your email But I'll find a way to get it back out here Steve wrote to a TFN and try to see if we could sum up Jack's questions or questions when we get back from this break 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 TFN 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? 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That's TFNN.com Then hit watch Tiger TV Come back folks. Jack my apology. I somehow accidentally deleted your email But I think it should be on my desktop out there, but I do believe you're asking about Disney Specifically, so I'll just give you the review for Disney You'll see the chart patterns we take a look at once referred to as a TD 9 count when Disney topped out here on a monthly basis It was March of 2021. It was a TD 9 count when Disney bottom It was in January of 2022 or even this month if we got to a lower there We did get to a lower low this month here And so now you have a TD 9 count bottom on the monthly time frame price should go target 160 to 164 The weekly time frame chart generated a rogment to indicator bottom It did the week of March 18th. You're inside a new bullet structured profile as long as price closes above that red line Price should continue higher 151 68 is a target That will be the case as long as price does not close below 137 12 137 12 is the bottom of its weekly profile now That's above the actual bottom that formed out here But that would suggest if you close below that that you're going to go retest lows from March 18 You have a TD 9 count bottom in Disney here that completed on the trading session of March 14th prices moved higher It's the reason why I'm we're concerned about the NQ and the ES who've got TD 9 count tops You see this pattern repeat over and over again now what Disney did yesterday was confirmed in a to be equal CD The upside you can't see that on the white background screen What I can share with you is the volume yesterday inside of Disney was 11.2 million shares the swing point that have passed at 8.5 million shares The swing point is one label with this be so now there's a confirmed a to be equal CD to the upside in Disney That should take us up to the 150 level. Well, the TD 9 count breakout area is at 148 65 So that really becomes its target out there So I believe that what you were sending to me might have said that people were saying There's all kinds of problems in Disney or what have you right now The charts are saying that it is bottom and that it wants to move higher So it's not a matter of which stocks do you focus on it's a matter of learning the patterns out here That's if you're gonna listen to my show and the information I provide to and you want to be able to do the same Which I'd love for you to be able to do the same It's the reason that I do the show out here Learn these tools and learn the other tools learn the tools of Basil listen to the next hour your favorite polar bear David White is up next Talbot Brian Hilt teach y'all about the a to be equal CD pattern and I'm Steve Rhodes And I'll be back with you tomorrow one o'clock sharp have wonderful Wednesday folks. Thanks for joining us