 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes, toll free at 1-877-MAC27-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the April 19th, the wonderful Wednesday edition of today's Trader's Edge Show. I'm your host, Steve E. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. And let's make sure we have an extraordinary one. And the easiest way to do that, well, it's 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, it means we can find the gift in every set of circumstance that life is going to toss at us. Now, today you and I, we're going to go check on the circumstance of these markets. We'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 even more important than that. And that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on at 877-927-6648. Now, if you can't call in, but you've got a question, you can always send that an email to me. Send that to Steve at tfn.com. This is the subject heading. If you'd be kind enough to put radio show question, of course, if you're inside our Tigers, then well, then any in every ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We've got a sea of red out there. Got the Dow off 95, S&P down 9, Nasdaq 33, Russell 6. That's about three tenths, two tenths, quarter percent, and four tenths. Some eyes are off a little over 1% or 35 points. Gold is off 13 bucks, about seven tenths. Silver's up 12 pennies. That's a half a percent move to the upside. Lights Recruit is off 1.6 tenths percent. Trading down at 79.54 with natural gas off 14 pennies at 222. 30-year Treasury printed out a 129.10. That's off 23 ticks. Lead to charge. Dollar-wise, the upside. You've got intuitive surgical. Up 33 bucks, a little over 12%. Travelers is up about 10 bucks or 5%. Striker Corp, 9 bucks, 3%. Legend Biotech is up 16%. Or 8 bucks. NABIT Laboratory is up 7 bucks. That is a 7% move. CDW Corp is the leader. Dollar-wise, the downside off 26 bucks or 13 plus percent. Gasmill Holdings off 23. That's 4%. Eleven Seltdown 16. Humanoff 15. Molina Healthcare down 13. We've got some movers. And we've got some shakers. Let's begin with, let's begin like we did yesterday. Let's take a look at market breadth. Where are we on the market breast speed dials for the 30-minute time frame? Well, this is the S&P 500. The S&P 500, it has bearish market breadth right now. Forget about the lines here. You've got 129 instruments, above profile 179 below. So the bears or sellers have control with regard to the S&P 500 for their 30-minute time frame. But that's important because we're going to go take a look at a 30-minute time frame and just see what's going on there. In the case of the NQ, it's 26 below, I'm sorry, 26 above 32 below. So also negative market breadth there. So that's the 30-minute time frame. Now let's go check out the other time frame, 6240 Daily and Weekly. And let's start by taking a look at the S&P 500. So on the S&P 500, we're just slightly bearish on the 60-minute time frame. The 60-minute time frame shows 165 above, 187 below. But we now have a 30-minute and a 60-minute negative crossover. The other time frames, well, let's just take a look at the 240 and see where we're sitting there. On the 240-minute time frame, 205 above, 125 below. So it's the 30-60 that are troublesome right now for the S&P 500. Let's go ahead and pull open the NASDAQ or the NQ out here. Great question. Let's go ahead and pull open the NASDAQ 100. What we'll see here is we've got bearishness on the 60 and the 240. The 240 right now shows 30 above, 42 below. On a 60-minute time frame, what we have is 17 above, 66 below. The Daily is still bullish. The Daily, when I say still bullish, that means that there are 30 instruments trading above, profile 17 below. So it's the intraday time period. So if there's going to be a top that's in place, it's the intraday time period. It's the bearish, which is what we have as we speak right now with regard to the NASDAQ. For its 60-minute, it's 240 and it's a 30-minute time frame. So let's go over. We'll switch panels here. We'll fire up the NQ charts and try to see what kind of patterns for those time frames exist or if there's any kind of support for us to keep an eye on. So this is the dial, but let's go ahead and get the NQ fired up here. Just give us a few moments here for the screens here to populate. The NQ right now is trading out at about 13.144 and 13.144 still keeps it above the top of its Daily profile. So one number you certainly want to have on your pad of paper is going to be 13.062. That is the top, or 13.063. That is the top of the Daily profile out there. So now we're getting and we're going to have actually yeah, so you can see that here on the upper left-hand side of the chart. So we have resistance which is the top of the profile. We're below a resistance level that Osler and Chainson we've really got kind of a neutral to bullish signal here for the NQ. If we take a look at, so let's just start with the 240-minute chart and see what we can find out here. So on a 240-minute chart and we're looking for patterns. What patterns do we have? The only pattern that I see out here is I see a Roadsman Dominicator top that formed at about 10 o'clock in the morning that was back on April the 4th and that led to a TD9 count bottom and that formed at $2,200. A 10 o'clock in the evening that did that on the 12. That led to a bounce up to resistance that was the TD9 count break down level at $13,241. We've not had two consecutive closes above that. So support on a 2-hour or 4-hour timeframe that is is going to be down at $12,925. Closed below that, $12,742 is on deck. Likewise, if price can get back above its Green Osler and Chainson right now at $11,167 we should see a move up to the $13,241 area. So nothing really broken here solid bottom solid top just a consolidation just a chop chop fizz fizz and it ain't a relief. Let's go take a look at the 60-minute timeframe chart so we know we had negative crossover there but we do have a TD9 count bottom that formed at 6 o'clock this morning and that is held throughout the morning price is now above the top of a 60-minute profile. This says there's more rally in it. Now more rally ought to take us up to $13,186.75 or $13,206. The price closed above $13,206 well we're back up to the highs of yesterday. So the 60-minute chart even though it's got that negative market breath out there it's above resistance being the market profile. The 30-minute also had that negative market breath with regard to its bottoming patterns I don't see one out here per se but there's probably an A to B equal CD there is but I don't know that it really completed. Let me just take a quick peek here we'll draw that in so A to B that's pretty easy to identify now let's just go find the next highest high after that C point that's going to take us right there and we did not complete the A to B equal CD so it's a 60-minute chart here that I would say that is driving patterns nonetheless the next area to watch on a further rally out here is going to be $13,171.50 inside the NQ which you know if we get a close above this $13,140 level in the next 16 minutes that's where price is going to target now price can close above $13,171.50 that tells you that we have more rally to go for that rally I just look back to that 200 or the 60-minute time frame chart that gets us to the $13,186.75 and then finally gets us to that number of $13,206 out there so that's what we see we take a look at the NQ what they're signaling to you and I as we speak right now at $11,14 is we should see further by further rally is it just a counter trend move up to resistance that I don't know but price should go target those resistance levels Steve Rhodes with TFNN we'll be right back currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex report Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar pound dollar, dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously when you sign up for the Tiger Forex report you also gain instant access to Teddy's 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger Forex report 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 a 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 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 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 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 7 of Steve's educational webinars absolutely free 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 Free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back folks let's get to a couple of requests out there clicky noise that folks are hearing we tried to resolve that during this last break if it still exists we'll just have to reboot there will be a delay with me during the show here because to reboot all my stuff it takes quite a while but if it's uncomfortable and hearing that clicky noise that's what we'll need to do so let's go on as we speak right now and see what happens see if that clears itself up so we'll take a look at ticker symbol from Kota I believe as Basil was completing his show out there so first let me share with you you don't see it on this white background chart but let me get to the other so first thing Kota is jot these numbers down on your pad of paper there's a new profile that is formed it's not showing up right now on my white background system the resistance level the top of the profile 142 the center 129 and the bottoms 113 so that is a very structured profile we'll get back to 113 there's also roads with the indicator top that formed yesterday it was at the bearish dark cloud cover but at the same time price made its way all the way back to that green Ocelot and change line the overall daily time frame signal here is neutral yes you have a top the price above resistance both the Ocelot and change line and the top of its profile the weekly chart says I'm going to go target 150 now on a monthly basis you are trading above the top of a new profile right now so the month is not over obviously so one of the new profiles 136 year 138 so close above 136 at the end of the month would be a bullish outcome so 150 looks to be the target out there you've got a new profile of 142 so you've got a blocker up there and you have a neutral market with regard to the daily time frame so hope that helps you out Kota with regard to what we see on the charts for AQST Dan inside the Tiger's Den wants to take a look at a FOMO trade fear of missing out and that's on ticker symbol CFRX now CFRX here formed a nice TD9 count bottom it did that on the trading day of April the 14th and then gigantic gap to the upside I'll assume with volume and what that did was it took it right up to profile resistance Dano which is at $3.95 the actual high tick on that was 395 that day so now what we have is yesterday closed back below the bottom of that bullish structured profile the question is was that just a one hit wonder and we won't know until the end of the day but if you did get a close today below 182 or 184 right now well I don't know where you're at let me just see here let me especially on instruments like this that have light trading which I assume this does very light trading so this is trading at $1.80 right now not $1.85 like my system shows so I would say Dan that a second close at the bottom of that profile 182 is going to suggest lower price and that lower price boy let's just go take a look at a 30 minute chart out here for that we'd want to see some kind of bottoming pattern let's see if one is actually formed and so I don't have one that is actually formed as we speak so I don't have we're below profile we're below the oscillatory change line so the fear of missing out I would say I'll hold on a minute here you might be able to alleviate that fear by buying this back at a cheaper price out here so let me just take a quick peek the oscillatory change line is not going to be right when it changes to a 15 minute chart but it's just for blanks and giggles let's just see if there's anything on a 15 minute chart and the only thing that I've got here Dan is a TD9 count bottom but that low was $1.60 and did we get a close below that? we did not get a close below $1.60 so on a 15 minute basis you still got a TD9 count bottom that is in place out here so I would watch that low but again we're back at that $1.60 type level out there $1.62 I know is on the bottom of the profile so I don't have a great read here other than what I've shared with you so far I'd watch today's close and if the close below that profile odds favor a further move lower so hope that helps you out you also had another request out here this was an entity that you're looking at as having medical breakthroughs that ticker symbol is C, V as in Victor, M as in Mary and that looks very good that looks like we've got you can probably say we've got an A to B equal C to the upside on a daily time frame out there well we do know for sure with certainty is prices trading above the top of its daily profile is very likely going to go target 289 Dan 289 is the TD9 account breakdown level that's the high of the session from March the 9th on a weekly basis price right now is trading above the top of its bare instruction weekly profile so a close on Friday above $258 is going to be a bullish signal and it's going to suggest that price should go make a run for the $333 level so we got 289, $333 we take a look at the monthly time frame chart what it's dealing with here is oscillator and change line resistance that right now is at 260 so we got 260 which you'd like to see a close above at month end however even if you get that well you still have profile resistance up at 352 so the further confirmation from your standpoint that you're looking to say that you know what that 289 that $3 in no area is what's going to unfold I would have to say is going to be a close on a monthly basis above that red oscillator and change line again right now is at the exact number as we speak is at $2.60 that's what I see when I take a look at CVM pull this back a little further on the daily time frame there any other signals out here really isn't so 289 looks like that's where this thing is gunning for so hope that helps you out Dan as far as days up days down in your welcome this is going to be day number two to the upside and what we can see here is this has done many especially since well let's say since January of this year so throughout 2023 what we have mostly seen out here Dan are two bar rallies to consecutive daily moves higher the only time we got a third bar was back on March 28 so this is suggesting that you should expect or anticipate a pullback whether that is tomorrow or the next day that would be normal and there you might be looking at a two day pullback as well for the next time to enter CVM next question coming in from John C inside the Tigers Den and John wants to take a look at good old Apple Apple on a daily basis has the roadsman to indicator signal what it needs is a bearish reversal candle now it did have that pattern and that pattern which formed right here on April the fifth but that pattern would get negated with a close today about 166.84 we're trading right now 167.16 although let me make sure where we are trading here let me get to that black background screen sorry I took an ice chip there 167.04 is where we're trading so I got just a tad of a delay but a close today in the case of Apple above 166.84 negates its roadsman to indicator top which by the way it formed that top price pulls all the way back to profile support which held and there was a slight close above it below it on 412 April 12 but right back above it the very next day so Apple still looking very bullish the weekly chart says hey I have a change in trend why does it say I have a change in trend because Apple have been trading inside this descending price channel out there and as we speak right now I mean maybe I could just take one more line here that I could draw in here so let's do this let's go from here let's go to this top right there so there is another trend line so there's the channel line the trend channel line maybe I could redraw that so I'm going to go with it we don't have a full breakout inside of Apple on a weekly basis what we do have though more likely than not Apple is gunning after that 171.53 level 171.53 that will occur if we get a close above 166.84 at day's end Steve Rhodes with TFNN hope that helps you out John best of luck to you we'll be right back sign up now by visiting TFNN.com don't miss out on the next great gold trade sign up today you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs 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 Tigers 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 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 by 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 for free each host is an experienced trader and gives their take on the market about 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 let's go to our first caller it is Sue and Bethesda Marilyn Sue thanks for calling thanks for holding how are you doing today thank you I hope you do the same thing thank you so much for taking my call I'm looking for I'm wrong at MMM okay yeah what you think about it I own it higher okay well I like it right now so here's what I like about the charts first on the daily type frame you've got a nice roadsman to indicator bottom we're starting to see higher highs and higher lows prices trading above the top of a profile although there is a brand new profile that is formed today so Sue you might want to jot these numbers down on a pad of paper just so you can understand how price is doing with regard to new support and resistance now it's a barestructured daily profile resistance where sellers reside is at 107.30 where buyers reside is at 102.92 where buyers and sellers believe that 3M is fairly valued that's the center of the profiles at 106.05 so this is a barestructured daily profile I would say that a price close to both today and tomorrow below 106.05 Sue what it's signaling to you and I is price should pull back that 102.92 level that doesn't mean that it's you know that's negating its bottom it's just you know the market moving up and down so I'd watch that 106.05 level likewise if price were to close above 107.30 that's what you would really like to see because then you would have a resistance fail and that would then suggest that we should see price move up to 113.84 113.84 Sue have yeah 113.84 is the top of its weekly profile the weekly time frame has two bottoming patterns that doesn't mean it's a stronger bottom than something that has one it just happens to have two bottoming patterns and one was a TD account and the other was a Rosemont Dominicator signal if you also look at your charts you can see this I'm sure on your charts if you look at the swing point that formed on March 24th what transpired on April 10th was a test of that swing point was a test the swing point high and it was with lighter volume the candle session on April 10th was 2.8 million shares net swing point down there at March 24th was 3.5 million shares so this stock chart here really has everything that you want in order to be long at least on the daily and the weekly time frame the monthly chart not so much the price is below profile I mean it's below support there is a Rosemont Dominicator signal that's been triggered but it needs a bullish reversal candle and it's a long way away from that unfolding right now but let's not trade this off of the monthly time frame let's pay attention to the weekly and the daily and they are both suggesting that we should see price move higher however you might see price move lower for a few days out here especially because we get two consecutive close below 10605 I'll put this other chart here where I take a look at just simply its steps of moving higher and lower consecutive steps that is and today looks like you're going to get a second consecutive lower close what I can share with you is since this bottom formed out here we have seen that the first pullback which took place on April 4th after that bottom was a two-day pullback as well so you know you're going to see jostling around here but I do like the trade at this moment in time now what information did I share with you that either confused you or I can try to clarify or any other information that can provide for you Sue okay well the earning is coming uh next week early next week so that's wondering that I should take off on her well I so I would I don't have a reason to share with you uh to take that trade off at least at this stage here I just don't have that doesn't mean you know I don't know idea how the market will react to earnings but what I don't have for you right now is a reason to tell you to sell short or anything along those lines when it comes to 3M yeah okay I understand thank you so much okay there will support a 106 there will go the support to be 106 105 102.92 yeah well 102.92 102.92 is your key support level 102.92 102.92 90 102.94 92 but that's okay we're not going to we won't worry about a penny or two so we're good okay okay I appreciate that so much thank you so much a million things for you thank you so much thank you for the call that was Sue Bethesda Maryland folks would love to hear from you as well you can always reach out to us at 877 927 6648 so you're still getting at what we'll do here in about four minutes I'll just reboot so I will not be coming back online at the normal time but let's try to get this thing let's try to get this thing figure it out here so what do we have I wanted to take a look at XBI so let me get XBI fired up here maybe I already have fired up but who knows we're just going to get it fired up and let me actually get to Greg's question so Greg writes in he says would you look at XBI for me I am in it you're in he's in LB LLABU which I believe is the triple up for that but we're using XBI that is his base that's great some support resistance numbers would be great okay when it comes to XBI right now it is trading out at about 8144 I'm going to get to confirmation exactly where it's trading 8136 right now there this also has a new profile so it's not showing on the white background screen so let me just well here I'll show you in the black background screen give me a moment here let's change panels by the way new profile I'll read these numbers off to you so you can jot those down I'll show you the profile resistance up at 8181 center that profile is at 7625 and so too is the bottom so this has very strong support at 7625 this is an A to B equal CD to the up pattern out here Greg and it needs a bearish reversal candle to confirm atop we don't have a bearish reversal candle yesterday's candle was not a bearish reversal candle therefore this should continue to move higher however you now have what you didn't have you've got that resistance at 8181 if this is going to move higher then you need to see price clear that level if it doesn't move higher what's that mean I don't know because I don't have a bearish reversal candle so it's not like I can call this a top out here and therefore I won't call this a top so you know got price above the top of the weekly profile at 7973 you're inside a bullish structured week a monthly profile and you're above the center of it let's see what this is showing us on a 30 minute time frame if there's anything out here so you've got just a choppy ish market so this formed a roach mint de-miticator top a TD 9 count top it's led to just simply a sideways move out here so not a ton so I don't have real reasons to I don't have any reasons to sell all I can do just here that you've got some battles now and that battle ground right now is going to be that 8181 level which what you were looking for you're also looking for support that's now down at 7625 inside of XBI as you use those charts to continue to move forward so I'm seeing some emails here about the beeping noise they was Russell 2000 seagull wanted me to take a look at that see if we can get this here fired up and RTY give me a second to get those charts and then so we got about really just about 50 seconds or less so I think what we'll do here is see if these charts pop so what you've got here basically a seagull inside the Russell 2000 is a consolidation with inside its daily profile that's between 1722 and 1825 but we really have to say the consolidation is in between a Saucer and change line that's at 1777 so you'd watch that 1777 level on any further pullback and to the north you're watching 1825 70 out there that is the top of its profile Steve Rhodes with TFN and let's see if we can get rid of this clicking noise I'll be back as soon as possible 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 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 at any time first time subscribers also get a 30 day not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors are China A shares hot or not if you trade China A shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China A share bull and bear ETFs China A shares in either direction visit direction investments.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 4767523 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 principle 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 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds DXAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today BFNN has just launched their new trading room the Tiger's Den hosted at Discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all tigers and tigers for just $1 for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers 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 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 in 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 to become the investor you were born to be tfnn educating investors 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 thanks for your patience there folks hopefully we've got that clicking noise resolve hopefully it was just nothing more than a reboot of the system I did notice that Skype went ahead and installed an upgrade so maybe that was the issue so let's get to this next request out here a little out of sorts right now a little out of order so to speak so I apologize if I happen to overlook something but there is a request from a tarpon too to take a look at anhyzer bush BUD is the ticker symbol out there so we take a look at it here's what it's doing right now tarpon it is trading back inside its profile and it's trading above a green oscillator and change line so if this can close above the center where it's trading right now center of its profile that's at the 6594 level saying just your home screen okay now there we go I said I was out of sorts and I just wanted to actually prove that to everybody thank you Al so now we've got the white background screen you can see price above that green oscillator and change line you can see the profile levels it's dealing with there 65 36 at support 65 94 at the center and 6651 so price closes above the center of this profile out here a resistance level at 6594 should make its way to 6651 you've got a TD 9 count top don't have any kind of a bottom but you do like the way that it's trading right now on a weekly basis there's no top in place here in fact there's an A to B equal CD the upside says this thing should move higher the same is true for the monthly time frame chart so we like what we see with regard to anhyzer bush out here BUD is the ticker symbol 30 minute time frame chart tarpon also looks very good out there prices taking on TD 9 count breakdown resistance 6586 you closed above it it should head up to its next resistance level and that's up at the 66 66 level which I didn't have to give you all those sixes you know but there's four of them so maybe it's because there's four we don't have to worry that it would have been a 366 number so hope that helps out with regard to anhyzer bush thanks so much for your patience out there Roger writes in so I see an email here and Roger wants to take a look at Netflix so let's do that pull up Netflix NFL X and wants to take look at Morgan Stanley earnings were out this morning I guess with Morgan Stanley Netflix I believe was after the bell last night we look at that I think yesterday with regard to Netflix and what we saw there was consolidations inside the weekly chart inside the daily chart now prices trading below the bottom of that daily profile 324 13 and so a close below that is really suggesting that price should go target 304 13 out here now the volume in today's trading action is about 1213 million shares which is taking out 6 million shares so I hate to use the same swing point as both the A and the B as both the C the B and the C point out there but in this instance that's really what needs to be done so in the case of Netflix the A to B equal CD pattern whoops try this here the A to B will draw in A to B and then we're going to go ahead just simply move this line over move that to that high of that swing point so this is near the one to one A to B equal CD down but you're doing it with volume what you want to watch for here is a bullish reversal candle if you get that in Netflix that would then generate a Gartley buy pattern in lieu of that price is likely going to target 304 14 now before it gets 304 14 it needs to deal with weekly support and weekly supports at 305 22 and before it wants to do that it's got to get through the monthly oscillator and change line so at this stage here it's a 318 95 ish area that is going to be key for you to watch to understand what Netflix wants to do but it does look like it wants to head lower but that monthly chart is fighting saying I don't want to head lower Steve Roach with TFNN we'll be right back if you're looking for potential trading 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 TFNN dot 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 dot 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 dot 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 dot com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back 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 dot com educating investors TFNN has launched the Tiger's Den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris for just $1 for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN dot com back folks so we've got a number of requests out here I'm going to just blow through these as best I can Mike Morgan Stanley out here Morgan Stanley nice rogement of indicator bottom pattern prices consolidating with insiders daily profile that's between 84 25 at support 9106 as resistance you've got 9013 as resistance on the weekly 266 everything looks good you're just in a good old-fashioned consolidation when it comes to Morgan Stanley we take a look at Teladoc that goes for SNP in the Tiger's Den Teladoc what do we have out here I don't see any kind of a topping pattern at all and it looks like what this wants to do is move up to 3025 3025 is this TD9 break down resistance level in order for it to do that you need to see a weekly close of about 2798 now so watch that a weekend at week's end on Friday if you do get a close above that then that's going to be that signal we're moving up to 3025 otherwise you've got to deal with that resistance the monthly chart resistance area is going to be up in the Saucer and change on it 3012 so you're 3012 you are 2798 as your resistance areas to watch you get above those you're up at that 3025 and above 3025 you'll be looking at 43 69 that is Teladoc as a request to take a look at ticker symbol BTNX and I think the question here is where would I place the stop well this is trading into a swing point from March 27 that swing had volume of 1.8 million shares so far you are pulling back with lighter volume or 237 that says we do about 750,000 shares so the stop would be certainly a close below that swing low so that's 1998 a stop below that and 31 is the weekly TD 9 count breakout level certainly a close below that area would suggest that this wants to move lower but I see a weekly hammer candle from the trading session back in June June 24 then that low is going to be 1708 so I don't know where you're in at and everything but 1708 would be the make or break level out there you close below that on a weekly time frame and BTNTX wants to continue to move lower folks sorry about that little clicky noise glad that we got it resolved Occidental petroleum somebody wanted that I see an A to B equal CD to the downside wait for a bullish reversal candle which would form a garly by pattern on that one folks stay tuned for great programming I'll be back with you on terrific Thursday please have a wonderful Wednesday take care