 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Call now toll free 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 19th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, Steve 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. Let's make sure we have an extraordinary one. Now the easiest way to do that, well it's to always remember that life is happening for us, to us. That's right, when you and I make that one little two by four shift, 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 are 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 at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but more important than that. And that's this, during this next 53 minutes I am here to serve you. So feel free to pick up that phone, dial on in at 877-927-664. Now if you've got a question but you can't dial in, we've got you covered there too. You can send me an email. Send that early and send that off to Steve at tfnn.com. And inside the subject heading, please put radio show question. Now if you're inside our Tigers Den, well then any in every ping will 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 the show. You've got a sea of red out there. All the U.S. Indices trading the downside all the sectors with inside the S&P 500 trading the downside. Dow's off 247. S&P's off 30. NASDAQ 1 and 139. The Russell's down 6. Gold's up a buck. Silver's off a nickel. Like to recruit up a buck 26. Natural gas up 13 pennies. And our 30-year treasury printed on 118-17. That's off 8 ticks. Leading the charge, dollar-wise the upside, you got Toyota Mortar up about 6 bucks, nearly 3%. Cecil Inc up 43%. They're 560. Enphase Energy 5 bucks, nearly 5%. O'Reilly Automotive 5 bucks, a half a percent. First solar up 2.5%. That's a $4 move. To the downside it is Mercado Libre. 57 bucks, 4%. Digital transformation 16 bucks, 56%. Service now $11. 2%. John Deere and company up nearly 3%. That's an $11 move. So we've got some movers. And we've got some shakers. And we've got some shakers. And we've got some shakers. Where do we want to begin? So I'll tell you where we begin. Where do we begin? Let's go begin with, take a look at what's going on inside the US dollar index. To do that we're going to take a look at the Euro, the yen and the pound. We're going to do that by switching panels here. If you give me just a moment. Well, I know what I meant to do, and I didn't get it done. Well, we'll do it anyways. Oh, I know where I did that. So here we take a look at the Euro, the yen and the great British pound. Because those three currencies are going to put in the significant portion of the US dollar index. We could add the Looney, the Canadian dollar, but just for space purposes, let's just take a look at these three currency pairs. So what took place yesterday inside the Euro, is it formed by the D point pattern? It did that because it created that three day, three river morning star candle formation. So support for the Euro is going to be the low of that pattern. Low of that pattern is the low from September 14th. 1.0632 to be exact. The price closed below that. Then the bottom signal or pattern has failed. Now, when price is also done, it's run right into resistance at that red oscillator and change line out there. If price can close above it, it, by the way, currently is printing out at 1.06888. If price can close above it, that would suggest that price makes its way back into this swing point here from back on September 12th, likely to swing point high up at 10769. If that unfolds, that will put weakness into the US dollar index. In the case of the yen, the yen needs a bearish reversal candle to confirm a roadsman to indicator top. Short of that, price should continue to head higher. As the yen heads higher on this chart, that would weaken the US dollar index. And the Great British pound, well, if it generates a bullish reversal candle at day's end, it will, there's several A to B equal CD patterns out here. It will confirm a buy the D point pattern. Now, in the case of the Great British pound, it really needs to take out and close above that oscillator and change line. Currently printing at 1.24387, that's going to change as price moves up and down. But you do have what looks like a potential bottoming signal there in both the pound and the euro, and therefore you could see weakness inside the US dollar index. Could see, just depends how this looks. Now, the euro represented a significant portion of the US dollar index. Here we're going to take a look at the multi-time frame setup. We got the 5-hour, 4-hour, 2-hour, 1-hour, 30-minute, 15- and the 10-minute charts out there. Now, on a 30-minute basis, this was this morning as the US dollar index was moving higher and it looked like it was breaking out with subscribers and I looked at where the number of different there were two different A to B equal CD patterns on the 30-minute time frame chart. And what we said was be careful because prices attained, at least on the smaller one, the 1 to 1 A to B equal CD and the next bearish reversal candle would identify a garly sell pattern. Well, that is what's happened at this stage here. Now, prices pulled back, the price can overcome, get above, trade above, close above, 1.06962, that's a green-octane change line for the 30-minute time frame. Price should then head back to this morning's highs, possibly take that out and set up another A to B equal CD with its price projection up at 1.0747. So, I'd watch the 30-minute time frame chart for the euro for signals as to what the intent of the U.S. dollar index is. I had mentioned during the market update and what I'll do here is we'll go away from these charts. Let me close these down, free up some space. I'm going to change panels. Give me a moment. We'll do that. And we'll go over to the black background charts. We'll take a look at the new profile that is attempting to form inside the U.S. dollar index. This way you have the levels. Now, I say it's attempting to form because it is attempting to form. It's attempting to form until days end. But what you do know right now is where the support level is for the U.S. dollar index on its move lower, should it move lower? Now, the support level is currently at 1.04.35. So, that's the area to watch on the U.S. dollar index on any move lower. To the upside, the resistance is 105.09. The price closes above that. That tells us we're likely headed higher. Now, in order for the U.S. dollar index to move lower, the U.S. dollar index on its trend right now is clearly a bullish trend. What we can see here by just simply take a look at daily profiles is the bottom-lowest profiles have acted as support when it needed to. Well, that was the most recent profile. One that was back here August 30th and on August 31st. Here we can see, by taking a look at the profile where it was supposed to find support if it was just a counter-trend move to the downside was at the center of that bearish structure profile. That is exactly what happened. So, the profiles that we're seeing here inside the U.S. dollar index are providing us with a very, very, did I say very? I mean very important information. In order for the U.S. dollar index to generate a change in trend, what do we need to see? We'll need to see it close below the bottom of a daily profile. Quite frankly, we need to see that it closes below the bottom of its daily profile. So, that's what's going on with regard to the U.S. dollar index. Again, keep your eye on that 30-minute chart for the Euro because it can have some impact on both gold, silver. Here you can see gold right now. Testing resistance, that's the top of its daily profile 1954 and silver testing to get it up nearly to the top of that profile. Top is 2374. The high today, 2371. Steve Rhodes with TFNM. Take a look at CDX, XPEB and Alibaba for Tim and KWEB. Dan wants to take a look at Nordic American tanker Zaspin. NAPA, AMTX. Steve Rhodes with TFNM. We'll be right back. 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For all the details and to start your 30 day Tiger Forex report subscription today visit the front page of TFNN.com TFNN Educating Investors You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all it's impossible to predict the future right? Like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence new and edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day. 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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 internationally at 727-873-7618 Welcome back folks, before we go to some of those requests out here let me first go to the 30 minute time frame charts for the equity futures and we had up that multi-panel screen you may have noticed or maybe I said and shared with you that the SpotBall of Todex is testing its 50 day exponents moving out so the 50 day right now is resistance, it's resistance until price closes above it. That resistance at 1475 we're printing out at 1472 when we see price get up to resistance level in this case here the SpotBall of Todex what we look to is the equity future contracts see if any of the time frames are generating bottom signals one is that resistance are the other ones at support or are the other ones forming bottom patterns you can see in the ESMini it will complete a TD9 count bottom pattern well we'll confirm the pattern at 1130 we'll complete it at 12 noon in the NQ it does not yet have a confirmed it does not have a TD9 it's got a TD9 count the price must spike below the low that took place during that 11 o'clock hour that low is and you're only in bar number 8 here so we're off by one 30 minute bar that low is 15 to 4850 so price must spike below that between now 1119 so it's be bar number 8 that'll be 1130 and 1230 so between now and 1230 if that happens then the NQ would likely form a TD9 count bottom the Dow equity future contract that's going to complete a TD9 count bottom it's going to confirm a TD9 count at 1130 complete the pattern at 12 noon complete the pattern because the bottom can take place in this case we're talking about bottoms can take place on the bar following bar number 9 Russell 2000 you can see it's in bar number 9 right now it's low of the pattern so it will confirm a TD9 count in 10 minutes and it will complete that pattern at 12 noon so I would say if we're going to see some type of rally it basically takes place at around 12 noon now does the NQ have to form that TD9 count in order for the market to rally it doesn't you've got three of the four that are giving us that signal it would be nice if all four had we're doing that and then as far as the upside price targets it would be those oscillator and change lines they're currently printing out in the ES around 4488 the Dow 348 30 the Russell 1850 and the NQ even though we don't have a TD9 count bottom 15342 now you'll see wave number 7 or G out there in this case here because that the six wave took place all the way back up there I'm kind of hesitant to refer to that one as a seventh wave move but technically it is out there so that's what's going on on the daily spot ballistics and the 30 minute equity future contracts hopefully we'll get a chance to look at these as we approach that 12 noon hour out there so now let's get to some of the requests that have come in one came in yesterday that we weren't able to get to didn't come until late in the show and it was from Joe and he want to take like a tick symbol CDX so give me a moment here we'll get over to CDX we actually see what this is get that fired up on my other charts as well and a CDX right now trading out at 22 bucks that's weird well so there's a volume on this today is 114 shares okay so yesterday was 7000 I'm sorry yesterday was 5000 the day before 7000 boy I guess I just don't suggest you trade ill liquid ETFs is this an ETF yeah this is an ETF but let's not share with you what it is doing out here what is it doing right now it's trading above the top of its daily profile the top of that profile is 2199 as long as price remains above 2199 price should make a run for its recent high that recent high with a sneeze here I think excuse me sorry about that it's recent high there could be a double sneeze as at 2214 out there so that's what it's suggesting to you and I at 2218 you have the top of the weekly profile so there's another resistance level 2214 to 2218 and the monthly chart isn't really helping us all that much so you've got a very ill liquid stock out here Joe best of luck to you there that's what it's doing out here but I'd look for some other vehicle other than this but that's just what Stevie would do you do what is right for you let's go to the next request is coming in from Tim Tim out in San Francisco and Tim wanted to take a look at XP EV XP EV trading out right now at about 1770 actually 1743 so I've got a bit of a delay so if it's trading at 1743 it's likely going to test the bottom of that daily profile Tim that's the air of support that you're watching and that's at the 1737 level if 1737 holds the white background screens is 1738 my black background screens which you don't see right now so 1737 so that is the range of support your price closing below that XP EV should make its way this is a Chinese Chinese stock yeah I can't tell but where price would head to with a close below 1737 is likely its breakout level but its breakout level in the daily time frame 1546 I don't see anything on the weekly chart looks bullish the reason it looks bullish is because price remains above the top of its bare structured weekly profile above a green oscillator and change line those are bullish conditions so watch that 1738 though price closed or 1737 price closed below that 1546 would be the likely outcome the monthly chart again no help there so Tim with regard to your first request XP EV I hope that that helps you out and thanks so much for making that request say request a few times is second a stock that he wanted me to take a look at how about that I didn't say request well I guess I just said it is Ali Baba BA BA Ali Baba printing out around because I've got a little bit of a data feed issue here 86 73 86 69 is where the last thing printed now this formed bar number 8 of a TD 9 count yesterday as long as today price closes below I could feel a cold is coming on dang it I close below 87 64 today will generate a TD 9 count bottom pattern now that low could take place tomorrow but you'll have a confirmed TD 9 count bottom and where price should then head to would be resistance so the first level of resistance is the bottom of that daily profile Tim and that's an 88 22 and a price can overcome that price will then target and change line that is currently printing at about 88 81 so you've got a TD 9 count bottom of the daily time frame it suggests that you should or could see some type of at least counter trend move with 88 81 that area being the likely price target to the upside let's go to the next request from Tim and that was for KW EB so let's take a look at KW EB out here that is trading out at about 2751 now we take a look at the daily time frame chart here for K Web we can see the price blow red also to change line below its daily profiles those are bearish conditions so prices likely headed lower out there where's a likely price target well it's trading with inside a swing point that has volume this is the trading day of September of September 8th I believe was yes September 8th volume there 15.9 million shares we've been trading for about 2 hours 3 million shares so you are moving into that swing point with light volume what price would need to do is close below 2728 that would trigger an A to B equal CD to the downside so I watch 2728 I would also be watching the volume if you can get volume to pick up and do more than 15.9 million shares as price closes below that swing point then you'd have a confirmed A to B equal CD on a weekly time frame you have a consolidation with inside profiles the support structured area is at 2604 to 2661 and you've got a consolidation on the monthly time frame as well so Tim thanks much for waiting a day on those I hope that provided with the information you need and if not just right back to me and we'll get that off to you we'll come back to this break we'll take a look at Nordic American tankers Aspen ASPN Napa and AMTX Steve Rhodes with TF2NAM Gold Report As a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai Gold Exchange The Gold Report Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX, The Dollar, Bonds the South African Rand as well as 25 different mining equities with specific buy sell recommendations 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into the downside it got back to its breakout level 371 it's now inside a bullet structured profile when you get above the center of that level which it did yesterday which was 391 typically damn price will make its move all the way up to the top of that profile 409 becomes a price target for Nordic American tankers 409 happens also be the weekly oscillator and change lines that seems like a pretty good target now price can overcome 409 and I mean close above it then we should see a move up to the 417 432 and then 438 areas each of those numbers that I gave to you would be the battle grounds the monthly chart out here looks neutral it has a TD 9 count top price above a greenhouse that are in change line price above the top of its monthly profile so you're neutral on the monthly you're just consolidating on the weekly I'd say you're somewhat you're consolidating on the daily timeframe when I say consolidating I'm referring to within the profile level so you know what to be watching for inside of Nordic American tankers Dana I hope that that helps you out the next request was to take a look at ASPN so let's get those charts up on our screen out here and this is aspen arrow gels out here and aspen arrow gels having a nice day now we can see that what took place yesterday is price pulled back and at price had been above the top of its daily bare structured profile for quite some time in fact it moved above it on August 29th it's remained above it price yesterday was pulling back remember when you pull back into a bare structured profile you've closed them up for two consecutive sessions this case here it was more like a couple of weeks out there price should find support between in this case here between 585 and 603 it's done that price right now is trying to set up an A to B equal CDT upside in order to do that you need to see it close above 660 you're trading at 665 right now my screen here says 657 of this really 665 the volume today is 443,000 shares out there the B point has volume of 609,000 shares so you've got an A to B equal CDT upside let's go ahead and draw that in that A to B pattern we'll just draw that in here we'll give you the approximation I'm just going to move this over to the C point this is aspen that we're taking a look at ASPN that gives you a price target in the 720 ish area out there as we look at the weekly chart aspen formed a rogement dominicator bottom three weeks ago price should target 747 the bottom of its weekly profile out there well that 1 to 1 A to B equal CD gets up to 721 so let's call it 720 to 747 to maybe even 783 out there and on a monthly time frame prices pulled back found support at a breakout level which was $5.78 so ASPN aspen aerogels is looking at the A to B and what are you drinking what kind of Napa wine are you drinking we take a look at Napa this is the duck horn portfolio well apparently it is duck horn which is really a great they make a great Cabernet and make a great Merlot as well out there we take a look at the duck horn portfolio we can see that price form well this what this did on a daily basis is it generated a TD 9 count and roads dominicator bottom and now we've got price above the top of its daily profile where the duck horn portfolio wants to head to Dano is $12.81 that is its TD 9 count breakdown level if we take a look at the weekly time frame chart out here we've got wave number 7 that's in place price above its oscillator and change line at 1189 suggest to move to 1263 now because price has been below the bottom of its bowler structured weekly profile Dan the key level for you to be watching is between 1263 and 1304 with the emphasis on 1304 price must close above 1304 to tell you and I that this is more than just a counter trend move off that weekly low and on a monthly time frame this could generate a roadsman to communicate or bottom right now it's a hammer candle I do not know what it's going to look like at the end of the month so you'll come back to that but right now it's very good it looks like you're going to be drinking wine up to about the $12.81 mark so hope that that helped you out your last request was to take a look at AMTX out here so let's get those charts fired up on our screen AMTX is a Mectis Inc. and they met a sync right now trading at 4.85 but how come we didn't get there on my wife background charts because I didn't hit the right tab there we go it's coming on fast what we can see here is you've got a TD9 account bottom so the key level to the downside to be watching Dan is going to be that low from August 24th your price closed below that that's at 4.70 that says we likely have trouble now that trouble could take us all the way down towards a buck 69 buck 84 am I making that call no I am not making that call but watch that low out there because that could actually set up an AMTX and we'll see the downside all kinds of things do I think that's going to happen I don't think so because you have that nice side of strength out here you don't see it on my chart you see the wide ranging bar on September 11th but there was also some big volume there the volume on that trading session that was a breakout level was 2.7 million shares today you're back on 123,000 shares but Dan price must close above 4.88 that's its oscillator and change line is printed out right now at 4.86 5.11 and above that 5.51 now what you'd really like to see here is you'd really like to see a spike low this week really or next week this week or next week below $4.65 why on a weekly base that would set up a TD 9 count bottom we don't have that this formed up a nice TD 9 count top on the weekly basis so it's surely like to see a nice TD 9 count bottom on the weekly time frame as well we don't have that so I would watch for that as well ideally you get a spike below that on a daily base it closes back above the low of August 24th at 4.70 so therefore no damage done there and then it could be off to the races that's what I see when I take a look at a menace ink AMTX is the ticker symbol so hope that that helps you out and thanks so much for the request the next request maybe the only one that we have in here is from G motion inside the tiger stand and G motion wanted to take a look at Apple APL let's get that fired up here see what its charts look like Apple right now trading out at $177.80 it is well below a daily profile out here and right now what it's trying to do is try to take on its oscillator and change line if it can close above that that be $177.54 we're trading at $177.79 right now I don't chose differently on my chart nothing I could do about this data feed issue that I've got going on at the moment but what I can do is I take a look at what's going on in my other chart where there's no data feed issue and again a close above $177.54 you're trading above right now you're likely to see a further move higher now that move higher may only get us up to the highs of September 11th those highs being $180.30 on a weekly time frame your barragement demindicator top you have a consolidation with inside his profile with a key level of sport being $1.70.42 on any move lower price should find support of a dozen you're likely going to see an a to b on a weekly basis to the downside a b equal cd on a monthly time frame price remains above the top of its monthly profile out there so its conditions are basically neutral although its momentum has waned out there and that's what the signal is when you close below trade below a green oscillator unchanged line so overall I'd say for Apple you want to watch the daily close out there again a close above $177 let's call it $55 out there double nickels is likely going to suggest that Apple would head a higher row. Steve Rhodes with TFNN we'll be right back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key 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 everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry 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 anytime first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today TFNN.com educating investors China A shares in either direction visit directioninvestments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ the next gen energy ticker symbol here is NXC this is for peak G inside our tiger stand and peak if the candle that is currently in place today holds up that's a bearish engulfing candle this will generate a sell the D point pattern now what should then take place is price should pull back to test support that's at 602 now what is not shown on my screen here and I wonder why let me try one thing here just make sure I've got this turned on give me just a moment I might not have a jam got on bar close so I'm going to change this here and it will pick up the new profile right now or should pick up the new profile yet does so now we've got a better view of this up peak you can see the new profile or I'll share with you with that new profiles resistors at 637 your support areas between 597 and 607 to say bullet structured profile so let's assume you hit me maintain the bearish engulfing candle the bearish reversal candle today if we do that price should pull back to test support only a price were to close below 597 would you have issues with regard to NXE or when I say issues that it would likely had lower now on a weekly basis you are likely going to confirm bar number 8 this week on Friday 90% of the time once you get a successful bar number 8 you complete a TD 9 count this says that you could get a top inside of NXE between this week and 2 weeks from now so keep an eye on that the monthly chart looks very good out here prices pushing into a prior swing point resistance level from April 2022 now there was 54 million shares out there you've done 59 million shares prices pushing into that swing point which tells us that often times what price will do over time it's the monthly chart is at least test that high and that high is up to the 656 level but right now you've got to deal with and contend with what the daily chart is doing and right now you're generating a sell the D point pattern out there so look for at least for a pullback to test support that was NXE peak I hope that provided with the information that you were looking for thanks so much for the request Nicholas writes in and he's looking for an entry point inside of the amazing one Amazon AMZM which is trading right now below the bottom of its daily profile so this suggests to you and I that if we get a close by 136.97 Nicholas we're going to keep searching for that bottom might be but on a daily basis where's that next area well so I don't really have a great area out here we resort back to the weekly time frame chart and on a weekly basis price close below that green oscillator and change line I take that back on a weekly basis you already have a confirmed roadsman to indicator top that was last week that bear a shooting star now prices trading below its oscillator and change line so a close by 136.87 would suggest that price will test 133.45 old resistance which is 133.45 I said I don't know if I said 45 but I'm saying it now 133.45 old resistance can become new support if that holds a support that could be an entry point where's another entry point of price gets below that well be between 122.23 and 127.04 how are we going to know well we're not going to know we want to be able to pay attention to the daily time frame chart maybe Amazon will go on and produce a TD 9 count bottom or some other pattern out there or we'll certainly want to take a look at a 30 minute time frame chart and see what's going on inside of Amazon as we take a look at this current 30 minute time frame chart we don't see any kind of a bottom fact just the opposite part suggests that Amazon should make its way back to 133.16 that's its next TD 9 count breakout level out there so that's what I see when I take a look at Amazon Nicholas I hope that that helps you out for that one I don't have any other request that I see well I take that back KGI or J inside the Tigers then would like us to take a look at HP so let's get that fired up on our screen HP is trading out right now at about 45 16 45 0 9 to be exact it has a TD 9 count top it's completed price is pulling back the test support that support level is about 44 86 that's its green oscillator and change line a price closed below that we're looking to move to another area of support that would be at 44 01 and a price close below that then the final area of support would be where price broke out from and that's down at 40 49. So HP right now this is Helmrick and Payne has a TD 9 count top and it's trying to test its first area of support in the 44 86 area on a weekly basis this we see here it's think it still has a TD 9 count top that high the TD 9 count was 45 46 this close was 45 46 how about that so as a TD 9 you would get negated with the close about 45 46 out here but it's overall signal is neutral consolidation inside the monthly time frame so HP is for KG looks like a J out there I'd expect lower price you'll have to watch to see what happens at support on a 30 minute time frame as we take look at this I don't believe I see a bottoming pattern out here no I don't just put your sideways movement I watch the level 35 07 if you get a close below that close below that odds favor that this heads lower so I hope that helps you out with regard to that ticker symbol Helmrick and Payne now I believe I'll just make sure I've gotten through all of the requests out there and that's a beautiful thing as we come into this break so what do we want to do next I'll tell you what there were a number of questions that actually came in yesterday dealing with a couple of different things one I did with Jacob during Tom show I share with folks the great results each of you have heard some of these results you as you know many of you know I went on an intermittent fasting program about six months ago now take it off all kinds of weight but that's and that's somewhat important what's really important is I threw out all of my medications all of them and it was a ton it was a long list it was dealing with diabetes stuff whether it was metformin whether it was ozepic whether it was farcega whether it was some other stuff junk that they prescribed to me whether it was high blood pressure medication unit whether it was shoot what's the some other medication thyroid medication out there have been on nothing although I did add back some vitamin D just to get my levels up the last two blood work tests diabetes is gone I am no longer diabetic I was on ozepic too that's what really got me to switch over to this because I had a very adverse relationship so folks I would just suggest if you're dealing with any kind of health issues I just tell you my results and they're pretty amazing that doctors are just kind of like cross-eyed and of course they're saying you know what we ought to suggest this to more of our patients out there I'm the one that took the mass of action there's plenty of books out there and reading materials but man what a question that came in about my trip to Japan and some of those favorite foods and things that I did out there or had out there one of those so I'm a big sake drinker I learned to drink sake back in 1990 and I learned to drink sake in Japan at Wakayama city it's on the water out there there aren't too many in 1990 too many blonde hair six foot tall guys that were there so I kind of stood out like a sore thumb how I learned to drink sake I was in Japan I had an interpreter we were sitting in a sushi bar there was a guy just a couple of seats over from us wanted to buy me some sake and I said to my interpreter how do we how do you get me out of this maybe you could just ask him to buy a beer versus sake his my interpreter you know had that conversation the guy said he didn't speak any English I didn't speak any Japanese he wanted to know the reason why I didn't want sake at that stage all I had my life was warm sake Steven doesn't like warm sake of course terrible sake to even heat up didn't make it any better out there and I did kind of like a fragrance thing in my nose he stopped the waiter waitress and he had that waiter waitress bring over some cold sake from there I was a believer it is a wonderful drink you just have to know what it is that you're buying out there and so I had some great sake experiences in my trip to Japan Steve Rhodes with TFN we'll be right back If you're looking for potential trading setups in the stock market then Rocket Equities and Options Report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFN.com TFN 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 TFN.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 TFN.com Educating investors Everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks that you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up for the Fibonacci 24-7 newsletter today TFN.com educating investors come apart of this educational community of traders just visit the front page of TFN.com back folks let's go take a look at those 30 minute equity future charts out here let's go see what they're doing try to get a feel for what the markets are communicating at least on a short term time frame for so we take a look at that ES mini chart let me just update its current status out here you're going to see a TD9 pattern that is going to complete in six minutes this says we should see the ES mini bounce up to 44-84 in the case of the NQ it still is not taken out that low from bar number 7 that low out there is out at the 15 to 48-50 level so we don't have a confirmation of a TD9 count bottom there we do on the Dow we do on the Russell 2000 again both of those patterns well in the case of the Russell it's already well both of those patterns are completing as we come into this 12 noon session the Dow equity future contract should make a move to 34-82 and the Russell should make a move to 18-49-50 now the beauty of these patterns here at least on the 30-minute time frame is if price closes below the low of these patterns those are on those three the ES the Dow and the Russell 2000 that'll tell you this pattern has failed and we have strong momentum move to the downside out there where would that strong momentum move take us that's an excellent question I would say with regard to the ES mini the price target becomes the bottom of its daily and its weekly profiles that's between 24-17 and 44-24 level also watch that spot volatility spot volatility index today it's 50-day expense moving averages 14-75 if price closes above that then all of a sudden buyers get control of the market out there so that's another area to watch finally with regard to the NQ where is potential support here I'd have to say potential support is down to 15-191 level so you know what to look to the upside and when price gets up to those oscillator and change line those numbers are going to change should we get a rally out there that's where price could then turn down and you want to understand what's going on with regard to market breath out there task market breath so you know what to look to to the upside you also know what to look at to the downside out there so hope that that helps you out and I think I've answered all the questions so that and I hope I did because that's the end of the show we've run out of time here the folks stay tuned for all the great programming I'll be back with you tomorrow on wonderful Wednesday please have a terrific Tuesday and thanks again for joining me