 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 afternoon folks. Welcome to the June 8th, the wonderful Wednesday edition of today's Trader's Zed 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 and the easiest way to do that is to always remember that life is happening for us, not to us. That's right, when you and I make that one little two-by-four shift, well it means we can find the gift in every set of circumstances that life is gonna toss at us. Now today you and I, we're gonna go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. I've been 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 in 877-927-664 if can't dial them. We've got you covered there too. You can always send me an email. Send it to Steve at tfnn.com and inside that subject heading if you would be kind enough to put radio show question. Of course there are tigers then well any and every ping will do. So let's go ahead and get this show started a wonderful Wednesday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Let's Show right now. We got all the US indices trading to the downside without any volume. You've got the Dow down 232. The S&P's down 34. The Nasdaq's off 79. Russell's off 24. Semai's down 77. Trendy's off about 500 points right now. They're taking a hit. You've got gold up 5 bucks. Silver's down 6 cents. We crude up 365. Natural gas up 13 pennies and a 30-year treasury. Trade out a 137. That's off nearly one point. Lead the charge dollar-wise the upside. You got booking holdings up 12 bucks. Alibaba up 12 bucks. Tesla up 12 bucks. Mercado Libre up about 9. Roku's up about 10. The downside, Equinix Inc up 19. Avis is down 13. Lamb research down 12. Blackrock is up 12. Azimil holdings is down 12 bucks as well. Sorry about that. Folks did not have it turned off. But everything is moving without volume. What I mean by that is if we just simply go take a look at our index ETFs out here, we've been trading effectively for three and a half hours, a little over three and a half hours. Volume inside of the spies today, 27 million shares. Yesterday's volume was at a move higher, a move lower out there. Let's say it was a move lower. Certainly that was 59 million shares out there. So there is no volume inside the spies. Accused, pathetic, 23 million shares. This price runs into resistance out here. That's the top of its profile at 311.31. But didn't mention it. Volume today is 23 million shares. Yesterday they did volume. It did volume of 44 million shares. The diamonds today's volume is 1.2 million. There's no volume at all whatsoever. So what's that mean? Jelly bean? I don't know. Let's continue to wate with that means. That means that the pattern that is in play, the pattern is going to stay here at least today. What pattern are you referring to, Steve? Oh, excellent question. Let's go take a look at it. Those patterns are referred to as the consolidations that have set up inside of at least three of the four equity future contracts and quite frankly, all of the index of the cash indices out here. But right now, we're taking a look at the ES mini upper left hand side. I've drawn in that little rectangular consolidation. That's not going to be does not appear that that will be broken in either in either direction, nor will the end queue out here. That's the upper left hand or upper right hand chart lower left hand chart is the Dow equity future contract and the one equity future contract that is not in a consolidation is Russell 2000. Instead, she has formed an A to B equal CD to the upside. It is beyond the one to one level out there. So headed higher until it generates a bearish reversal candle, which would then confirm a sell the D point pattern out there. So we just got a good old fashioned consolidation in the summertime when there's really no volume to speak of out here. You've got that spot follow till next that's still below its 50 day exponential moving average. However, let's change screens here. However, it did form a TD. Well, let's not change screens cancel. We go see if I've got this chart up here might just be easier to do this indices. Yeah. So pull over the spot follow to the next. Here we go. So here's the spot follow till the next and you can see yesterday was the bar following bar number nine. So it's got a TD nine count in play that would get negated if price closed below yesterday's low. What was yesterday's low for the spot follow till next? Well, it was 2388. It's been tested so far. It has been rejected out there. Now we can also see that the oscillator and change line has changed colors. It went from green to red. What typically occurs here is when you get a completed pattern. So we've got the TD nine count coupled with now a changing color of the oscillator and change line price in that line should catch up to each other. Now the line currently spread into 2629. That does not mean the spot follow text will move up to 2629 could be the line moving lower price moving higher, some sideways. You know, so right now, but the key thing here for the spot politics that the thing you'd write down in your pad of paper or your forehead is 2388. If you're playing layers poker up there. So 2388 to get a close below that that's going to then suggest that the spot politics should go target a slower bones your band reading about 2186. And if it does that, then the ES many should be able to move higher out there. We don't have that message right now. We just have a message of really a consolidating pattern out here. The spot follow to next, you've got a couple of different TD nines that have worked and some that didn't work. Now. So it said I've got really just the four of them. So four. I think I've got four on this screen out here. So two of that work to that didn't work out there. So it's really kind of a toss up as we speak right now, but still something to pay attention to. What else should we be paying attention to? The other thing I guess that be paying attention to is the New York Stock Exchange, the advanced client oscillator. So let's go check in on it and see what it is generating for us as far as signal information. At least what it let's go see what it was. I haven't touched his chart. I haven't looked at it since this morning and since that went out in the newsletter. So let's go take a look at it. What do we have here? We have basically a rising highs, higher highs inside the New York Stock Exchange with declining bottoms pattern out here on the advanced client oscillator advanced client oscillator is the difference between the 39 and 19 period exponential moving average of the advanced decline line. Now it's working off an oversold condition oversold is just when you get to the 150 level. This was at 320 or 330 out there. But it's continuing to fall. But boy, the New York Stock Exchange is held up really well out there. But typically that leads to some type of retracement, or some type of move lower out there. We really don't have that as we speak just yet, but something to think about something to continue to observe out there. What else is it that we want to observe? That's a great question. And I don't really know. I mean, if we go take a look at the intraday charts out here, we'll change screens again, we'll go over and take a look at the ES mini and or since we're talking about the spot picks, we should really talk about the ES mini. And here we just take a look at the daily timeframe and its intraday chart. So the daily we don't need to talk about anymore consolidation till it gets busted. That's the pattern is in play out here. I don't really have much other than a consolidation of five hour chart out here, the two hour chart, not provided with a ton, nor the 60 minute, the 30 minute price is moving back to a level of sport. It's break out level of sport of 4124. So price does close below that or two consecutive bars below that out of 30 minute basis. That would then suggest lower price, but not a ton to report here either. So we get back to this break. Let's go take a couple of questions will be right back. I'm a blooming inflation. 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Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it 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 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 So we're going to go take a look at ERF, that is Enter Plus Corporation. This is for Mimi. Mimi Wrightson says please look at the profiles of ERF. Also is this stock overbought right now? So from a profile standpoint, Mimi Price is trading above all profiles daily, weekly, monthly. The profile for the weekly or for the monthly is the top of it is $12.82. The top of the weekly $11.53. The top of the daily is $12.58. So profiles are not an issue for you. If we look at the monthly chart, your question is, is it overbought? And I don't have the RSI up here. What I don't have on a daily time frame is some kind of signal to suggest that it's overbought at this stage. In fact, on a monthly time frame chart, this says stay put here. Why? Because last month was a TD9 count top. Now, we're early in June, but right now price is trading above that. It took it out like, you know, a hot knife on some good butter out there. Just slice right through it, not even a hiccup out here. So this suggests that the Enter Plus Corporation is the energizer bunny and should continue to move higher. We have that same message out here, Mimi, from the weekly time frame chart. God, I hate this Apple system now and what it does to emails. This is crazy, crazy stuff out there, but it is what it is. And just I don't want to lose this email because it's going to hurt for me to figure out who's asking or who's not. In any event, on the weekly time frame chart, no topping signal here. It has triggered a rose meant to mitigate a signal, but needs a bearish reverse of candle to confirm that top. So that suggests we move higher. The daily time frame formed a TD9 count top two days ago. Yesterday was not even a hiccup. Just sliced right through it. So, you know, maybe it's overbought, so to speak. I would stay put out here in this instrument. Only topping signal really at this stage here is from the 30 minute and the 15 minute chart. Both have TD9 count patterns out there, but prices pulled back in test and support. Looks like it's 1732 and 1773. So again, no reason to jettison this position. Now, look, you want to use prudent management here. Perhaps adjust your stop. The average true range on a 10-day basis is 78 cents. Mimi, so if you're in this trade, take 78 cents times 1.618. Come up with whatever that figure is. I don't know off the top of my head. You know, it's probably, I don't know, a buck of 10. I don't know what it is, though, 1.5 times 1.6. But whatever it is, just subtract that from today's close, and that would be kind of your adjusted stop on this. You can continue to lower if you want, but you don't want anything to go haywire during the day out there. Now, 1.618 of an average 10-day trading range out there should be good enough to stop that. So, I would stick with ERF. Congrats to you on that and hope that that helps you out. Hector and the fuel injectors right in, and Hector wants to take like a tick symbol, BDX. Let's get that populated out here, figure out what BDX is, and the question reads like this, happy wacky, wonderful Wednesday. Well, happy wonderful Wednesday to you as well. BDX has been a four-year consolidation. What are your thoughts on BDX? Maybe it's going to stay consolidating for five years out there. But let's go take a look at BDX. First, let's see here. Let's try to figure out this consolidation. So, I'd say five-year consolidation, 2017. What is it that Hector is looking at? So, let's do this here. We're going to switch charts. Then we'll go back to the white background charts. Screen, change screens. Give me a moment. We're on the black background screen. What you can also see out here, Hector and Patty, as you can see a descending trend line, a rising trend line, prices trading, in between that, but really the consolidation pattern that Hector's referring to looks like this. That pattern here, as I say, take this thing back into the 2017 timeframe. Here's up at the highs, here's up at the lows. That's basically your consolidation. What we don't know about a consolidation, Hector and Patty, is which way will this thing break? Are there any clues or signals? The only signal right now, we take a look at the monthly timeframe chart, suggest that price should go test, at least the descending trend line to the top of the consolidation. The reason we reach that conclusion is because price is trading above the top of its monthly profile out there. Let's come back here, see what else we see, your consolidating inside a weekly profile. It's bullish in structure of price can close above $256.65 on a weekly basis. Odds favor move to $271. The daily timeframe says I'm not ready for you to do that, not until you clear my level of resistance, which is at the $258.85 area. That is the top of its profile. Let's go back to those white background screens, see if there's any additional information that we can share with Hector and Patty. As I look at it right now, we've got this thing populated, there is not. I don't see, nothing really stands out to me of significance here when I see these charts. You're just stuck in a good old consolidation in Bekton, Dickinson. I do hope that helps you out. We had a request inside the Tiger's Den. That was to take a look at ticker symbol SPLK. I'm going to guess that that is a bulk shipper out there. Let's get those charts here to populate. Star bulk carriers. Whoa, this is having a tough day out here with some volume to the downside. Let's see if we get this thing here to populate pretty quick, so we can. From a weekly standpoint, you now have potentially, it's early in the month, potentially, erosement and indicator top. It requires a bearish reversal candle to confirm that pattern. You get a circle background month's end. But if you get a bearish reversal candle and then you get a close below its oscillator and change line, you've got a change in trend signal out here. So let's pull this back a little bit, make it a little bit easier for you to see. So we don't have pricing up and below its oscillator and change line since May of 2020 out there. So if you were to see a close below 2648, that is certainly telling you about a change in character out here. Now, that character might only take it down to 2347, which is the top of its monthly profile. But I would say counter trend moves in something like SBLK would actually, if it can get below that oscillator and change line, would take it back to 1816. 1816 is the center of that bearish structured profile out there. So it does say be careful when we look at the monthly chart. The weekly chart out here, what is this communicating to us? Well, right now, price just back inside its profile levels out. Whoops, I didn't expand the chart. There we go. Back inside its profile out here. And price close below 2801, it suggests to move to 2402. Let's go look at the daily chart, see what additional information we can glean out of this. The breakout area is 2530. So if you get a close below 2797, you'd expect price to get down towards that 2530 level. At that area, you've got some, you've got some buyers. You have buyers, there's a hammer candle that formed on March the 15th. You had another hammer candle that formed on April 25th. So those would be the areas to the downside that you would be looking towards and watch 2797 at this stage of the game. If you get a close below that, that's telling you about price moving lower inside of this instrument. As I look to the intraday charts out here, not a ton to report on for you at this stage of the game. So hope that helps you out with regard to, that was for Meg Uppie inside the Tiger's Den. Make sure I answer the questions. I've had it for several months and was doing well. It's down big on heavy volume today. Last time it did that, it rebounded the next two days. Sell, hold, or buy more. I would say have a stop in place out here. You know, definitely have a stop in place. 2797, you know, is an area that could be or should be support. If you go ahead and take a look at, you're thinking, hey, last time I did this, I know what the exact opposite reaction was. So, you know, maybe tomorrow is where you'll learn something. But it does look like this wants to continue head lower. Steve Rhodes with TFNN will be back in just a few, but folks, I would love to hear from you. 877-927-6648 or Steve at TFNN.com. 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 published a Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. 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And join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigris' as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Tom O'Brien has just announced a live Timing the Trade webinar Friday, June 10th from 9 a.m. until 2 p.m. Eastern Time. Join Tom O'Brien for five hours of live education as he teaches you his trading methodology right from his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System. In this live webinar, Tom O'Brien will be teaching you his entire trading system, including quality volume, ABC structures, Fibonacci Confluence Zones, Cause and Effect, Swing Points, and more. We will be limiting this class to 40 attendees, so please do not delay and reserve your seat today for this special live event with Tom O'Brien. All attendees will also receive a physical copy of his book, The Art of Timing the Trade, an $88 value, mail to you along with a free month of his daily newsletter, Market Insights, a $169 value. For all the details and reserve your seat today, visit the front page of TFNN.com. TFNN Educating Investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. I just have one simple question for you. Are you feeling the love? Well, if you aren't, you're going to feel it now because we've got a request to go take a look at ticker symbol, L-O-V-E. That is Love Sack Company out there. That's for Dan inside our Tiger's Den. And Dan, I don't know the exact question. I think it's kind of slid past me out here. But I'll just start evaluating the charts out here. And then if there's something that you're looking for that I didn't get to, please let me know. So on a monthly basis, you've got a TD9 Count top. Let's just expand out the chart. Let's go from Big Picture on In. Big Picture, TD9 Count, and Roadsman to Mindicator Top. That has taken price below support, the support level of its monthly profile. And it's taking price all the way down towards its breakout level. And that's at $22.89 out there. So I don't have a bottom signal and price has not gotten all the way to $22.89, so that may be its target. If we look at the weekly time frame chart, what do we see? Well, we can see A to B patterns. We can see several of them. Price stalling at a breakout level of $28.52. But I don't see a bottom pattern out here, Dan. I see price below the bottom of its weekly bullet-structured profile. Anasoslitter and change line. That suggests to you and I that the weekly says lower price. So you've got the monthly and weekly say lower price at least at this stage of the game release. That's the daily time frame. Today's kind of an interesting day. You've got big volume behind it. No idea what's behind the volume. I don't need to know that. You're already about 3.3 million shares, but big volume to the downside. That big volume tested its bullet-structured daily profile. So what you know and what I know, and now those of us listening in here know that $28.52 is a significant level of resistance. Now, price is testing that swing board. It has tested that swing point. The swing point from May 25th shoots 750,000 shares out there. You don't see that on the white screen. I'm just looking at that on my black background screen just so we've got a perspective out here. Typically, when you push down into a swing point with volume, you end up going back down to that level. But at price close above the top of its profile today, Dan, that's at $34.70. You'd have two different messages. One would say, okay, I'm through the resistance level, as it was the last four or five days, and I'm ready to resume my move higher out here. So that's for the daily. So the daily type frame chart, really, how do we, how do, where do we go from here in the daily? I would say that if the daily closes above $34.70, then, well, you should see, if I go back to that weekly chart out here, I think that then tells us where price is headed to, and that would be the top of its profile. Dan, that's at the $4131 level. However, now that we look at the weekly chart, both you and I know the only way that's going to happen is price has to close above that red oscillator and change line, which is $37.16. So it's just choppy, I guess is all I can say. But today's individual signal to us that support is held, that 2852 is a real key level of support. So I hope that helps you out, and we had a question and the cough kind of comes in and out, out there, pirate Z, the dreaded pirate Z. But then, and that's our segue into currencies, because the pirate wants to go take a look at some of the major currencies. So let's go take a look at those currencies. The first currency pair being the Euro, the Euro represents, what's the percentage? Somebody out there knows, is it 57%, I think it's 57% of the US dollar index. So let's go big picture on it. Big picture, the Euro has formed a nice bottom, a TD9 count bottom, the oscillator and change line changed colors months ago. Price net line should catch up to each other. Currently, the oscillator and change line on a monthly basis is a buck 11. So you got a nice bottom, that bottom formed at a breakout level of sport of a buck four. If we take a look at the weekly timeframe for the Euro, what do we know about it? Well, what we know is price is trading above its oscillator and change line. There's certainly our A to B equal CD patterns out here. So this is suggesting that price should continue to move higher. Now move higher to where? I'd have to really do a Fibonacci retracement level. Hard for me to do that here, but you are... Let me see if I get that going on my... Yeah, shoot, AO. I can't, I can't. So what I would do out here at dreaded Z is 57.6%. Thank you, Duffy. Is just take a retracement level from... I should do that for you though. Come on, Stevie. Get your act together out here. Okay, I'm going to get my act together. Just give me a moment. Give me a moment to do that. We'll change screens out here. We got to be thorough. I also have this belief. I have several beliefs out there. This one belief, though, this belief I know to be true. True as a bell, whatever that means out there. That is the way you do anything is absolutely the way you do everything in life. So, yeah, if I'm thorough here, I'm thorough pretty much everywhere. So let's go take a look at the retracements. I'll pull over this other screen here momentarily, just getting the symbol set up and everything else. So now we'll change screens out here. And this is where price is likely headed to. We haven't taken a look at the daily timeframe chart to suggest otherwise just yet, but on a weekly basis, and don't pay attention to these profile levels. They don't mean anything when we take a look at this. But from the 0.382 retracement, from the highs out here that on January the 4th, there was a TD9 count top out there, all the way down to the completion of the A to B equals CD pattern, the 0.382 retracement is a buck 11. So buck 11 is most certainly in play out here. But before price get up there, we're going to have to see some something on the daily timeframe chart. I don't know what that is, just yet we're going to go take a look here. Something to suggest that that is a likely outcome. So now we take a look at the daily timeframe chart here for the Euro. What do we have? We have a TD9 count top out here. So here's your resistance level. Now your real resistance level is going to be the bar following bar number nine. And that was on the trading day of May the 30th, and that high is at 1.0787. If price closes above that, then that panel get negated and then that will be the signal that the Euro should rise to the buck 11 area out here. Now, even though we've got a TD9 count top, typically what happens is the first area, the first target area on any kind of move is the asset and change line. And price got close to it, hasn't hit it as we speak just yet, but as long as price is above that, it's not a bearer signal. We really have a neutral signal out here. So you got neutral signal, but again, if price overcomes the May 30th high, then that's telling you that the Euro wants dead higher. So the monthly, just to summarize, a monthly's got a nice bottom out there, TD9 count bottom. The weekly has a buy the D point bottom and suggests at least a dead cat bounce to 1.11. And the daily says, if you take out the TD9 count high, that's the weekly chart is the 1.11 area becomes a real possible. There would also be an A to B equal CD to the upside pattern that we would look at. We don't have that just yet. I'm not going to draw that in. It doesn't make any sense. We don't really need to. So that's what's going on. We take a look at the Euro. I hope that answered your question there, the dreaded pirate inside the Tiger's Den. Next currency that we'll go take a look at is the Great British Pound. The Great British Pound represents a weighting of about 12% out here. Great British Pound, like the Euro, formed a nice monthly TD9 count bottom. Does it write it breakout support at 1.2360 out there? On the monthly, on the weekly timeframe, you also have an A to B equal CD pattern. Now price here has to overcome its oscillator and change line. The oscillator and change on is a buck 0.258. So price can close about 1.258 or so. That's going to suggest to move higher. Its sites would be set at a buck 34. I'm not saying that we have the signal to suggest that price is headed up there, but that would be its sites. When you look at the daily timeframe chart, you have a TD9 count top out here. That says that price needs to close above 1.2667 to get its mojo back to the upside. That mojo would then take us to the buck 30 level, 1.309 specifically. That's a TD9 count breakdown level. Now price yesterday did test every jet that read oscillator and change line. So you know that is a level of support out there. So the Great British Pound, if you can clear the buck 25 level, and then its next area of resistance is going to be that high from age 27. That's at a buck 2.2667. Close above that. Then the Pound would be headed higher. Now if the Euro handshire and the Pound handshire, the dollar can blow 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? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas, to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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That says that the yen wants to get weaker in a big way. In a big way, what does that mean, Stevie? I don't have enough data out here to figure out where it's next, our price target is. So I'd have to do that. I'm not going to do that right now as we speak. Just simply the yen on a monthly basis suggests that it wants to continue to weaken that will put strength inside the US dollar index. On a weekly basis, price is already negating. It looks like it will negate a TD-9 count top this week. So that says that it wants to move higher. So that says further weakening on the yen versus the dollar. The dollar would get stronger out here. The daily time frame says, hold your horses, boys and girls. I'm getting ready, potentially, to form a TD-9 count top. You're in bar number eight right now. It says you could see a short-term top inside of the yen between today and Friday out there. And then price would simply try to pull back and test that oscillator and change line. Currently, that's printed about buck 31 out there. So no reason to look at the intraday charts here. Although you can see a 30-minute TD-9 count top. Price pulled back, found support at its breakout level, $133.63 out there. So it does look like the yen wants to get you to move higher. But anticipate a short-term top from a daily standpoint out there to form over the next couple of days. Now, all these currencies, and since we've gone through the currencies, let's do one of Stevie's other things. And that is, let's go take a look at Goldilocks. Why? And I just use gold as a frame of reference so that each of you, each of us, always remember that it's not really just about the U.S. dollar. Okay, it is about all of the major currencies. And when it comes to gold, when it comes to crude, when it comes to a number of different components out there, it comes to everything, basically, is how is the instrument trading in the local currency? If you're sitting in Tokyo right now, well, hopefully if you're sitting in Tokyo, it's you're asleep because it's like 1.44 in the morning. But you know what I mean. If you're sitting in Tokyo, if you're sitting in Japan, preferably at this stage of the game in summertime, you'd go up to Hokkaido. You'd go do a little snorkeling. You'd take some of that nice Hokkaido uni sitting there on the coral, crack them open, and just have a field day. But let's get back to the currency thing, Steve. Look, with regard to instruments, the question becomes, how is it trading on your screen in your currency? A sustained rally in anything needs to see price moving higher in all currencies. If you just simply focus only on gold and priced in dollars, you're missing three-fourths of the piece of the puzzle. Now, right now, today, the rally in gold should stick. You've got gold trading slightly higher in terms of dollars, slightly higher in terms of euros, quite a bit higher in terms of yen, and higher in terms of pounds. So today's rally inside of gold should continue. You've got a rally in all of those currencies out there. So always take a look at how an instrument is trading in those currency pairs out there. Let's go to our next question. This one coming in from the Tiger's Den from G-Man. G-Man wanted to take a look at ticker symbol BSM. So let's get over to my multi-time frame charts out here. Let's go change the screens and let's go analyze BSM. So we've got that up on the screen. Anybody know what BSM is? I don't, but we should know what it is. BSM is drumroll Johnny. It is Blackstone Minerals. Blackstone Minerals is trading above the top of its monthly, its weekly, its daily profiles on a daily basis, taking out a TD9 count top. On a weekly basis, it's taking out a TD9 count top. On a monthly basis, BSM says, hey, I'm ready to explore resistance. I'm ready for the battle. That battle is going to go ahead and take price up to the level of 1877. That's its TD9 count breakdown resistance level out here. So we take a look at BSM. I see no topping patterns whatsoever. In fact, topping signals that are being negated, that tells us about a nice strong momentum move to the upside out there. So G-Man, if you're in this, stay in this. Now your average to range over the last 10 days is 49 cents. So you should have some kind of a stop. There is a new daily profile that is in play out here. So maybe your stop is below 1622. That's the bottom of that daily profile. Or take 49 cents times 1.618. That's probably about 70 cents or so. 75 cents, 80 cents. Say it's 80 cents. Take 80 cents less today's close, whatever that is, and have a stop below that. But because you've got that profile in place, make sure that that mathematical calculation still gets you below 1622 out there. So I hope that helps you out. Stay with that trade. It is a beauty and perhaps will continue to move higher. If you have time, can you please look at Tesla? Yes, thanks, Steve. Disregard if you want to. I have not gone over Tesla. So let's go take a TSLA. This will take just a moment here to populate. This one is for G-Motion. Now I think, folks, that I've gotten every request inside the Tiger's Den. But if I haven't and you have a request, do me a favor. Just send it via the private message. That way I'll be able to easily pick up on it. It's just there's so much typing going on. And that's not a bad thing. This is everybody's sharing information inside the Tiger's Den. And I've got four screens going, and even on one of the screens where I've got the conversation in the Tiger's Den, it just can go by pretty quickly. So the private message tends to work better at allowing me to get to your request. And the request right now is to take a look at Tesla. So that's what we're going to do. Tesla on a monthly basis, as we've covered before. It's got a nice roadshmint to indicator top that led to a test of support at the bottom of its bowler structure monthly profile. So the key level of support there are pretty easy to identify, 616.63. The weekly basis has a TD9 count top. Price pulled back to its breakout level. That's at the 627.24 level. Now, I don't really have a bottoming pattern out here, but pulling back to breakout support can be the bottoming pattern. So it's not the A to B equal CD. It's not a TD9 count. That's not a roadshmint to indicator signal. It's not even a test of a swing point. It's just simply pulling back to the breakout level. So Tesla on a weekly basis pulled back to the breakout level of support. On a daily timeframe out here, what do we have for Tesla? We have an A to B equal CD to the downside. I can't draw it in, but I can visually see that it's completed. It completed with this nice bullish engulfing count on May 25th. That price goes ahead and makes a move and it trades above the top of its daily profile for two consecutive sessions, but it was only two consecutive sessions. So maybe Tesla needs a third consecutive session, three consecutive sessions, that is, in order to prove its strength to us. Now, Tesla today is moving higher on what kind of volume? TSLA, I'm going to go off the white screen here and see what we've got. I just have to type in the correct symbol and then it pops right up. So there is no why TSLA, just so you know. So volume today, about 19 million shares as it pushes into the swing point from June 2nd that had 31 million shares. So it's light in the loafers, not bad, but still light in the loafers. And price-finding resistance, as you can see on the daily base, that's 750.09, the top of that daily profile. So G motion, 750.09 is going to be a key level. If you get three closes above that, then what you probably have is an A to B equal CD to the upside, with yesterday being the C point out there. We don't know that to be a fact just yet, so don't just take that home and say, hey, we've got an A to B equal CD pattern. We don't, but if we did get a close above 792, 63 to be exact, then we'd be looking at a move to either 862 or 909. That's what we see when we take a look at the daily, the weekly, and the monthly charts for TSLA. Steve Rhodes with TFNN. 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 4.00 p.m. Eastern. 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Bryce actually got down to 620 57 and the reason why this confirmed was because you had that nice bullish engulfing candle on May the 25th out there. So now here's the potential A to B equal CD to the upside. Again, Bryce got to take out first the top of its daily profile at $750 9, then it has to take out the B point, which is trading into a pretty decent volume, at least as $155 in the afternoon. So $792.63 is the number there. What are we going to go take a look at then next? Well, let's take a look at this potential rally. Will it stick? And if it does stick, how long will it last out here? Well, if I put up the daily timeframe chart for the NDX100, this top back here, November the 22nd out here, right where my cursor is at. Now, since that top, what we've seen is a four-day consecutive rally that took us into that retest at November 22nd high. Then we had a three-day rally that was into the high on January 12th. We had one four-day rally, four consecutive days. That was on February 2nd. Then a two-day rally out here into February 15th, a three-day rally into February 28th. We had another four-day rally out here into March 18th, then a two-day, a two-day, a two-day, a three-day. You kind of see it a three-day out here. So yesterday was day number two. Very possible that that was the end of it, right? Or at least a sideways movement like we have right now. If we do get a close higher today, coming into the end of the session, then what this tells us is maybe we have two more days. We haven't seen anything extend itself beyond four consecutive days to the upside. And if we do get a higher close today, it would suggest we could get a higher close tomorrow out there. So hope that helps you out, folks. Stay tuned. Your favorite polar bear, David, what is up next? Tell him, well, Brian, he'll bring us on home. And I'll be back with you on terrific Thursday. Really much to have a wonderful Wednesday. So please go out there and do that. Be safe. Thanks so much for joining us. We'll see you again soon.