 The following is a presentation of TFNN, The Trader's Edge, with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good afternoon from TFNN. Welcome to the August 16th, the fantastic Friday 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. Hey, let's make sure we have an extraordinary day and an extraordinary weekend. And of course, an extraordinary life. And the easy way to do that, well, is to take a swig of water when you get a little dust bowl. Excuse me, that goes down your throat. But the other thing 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, it means we can find the gift in every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what the buyers and the sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here. Truly I am. But more important than that, during this next 60 minutes, I'm here to serve you. So feel free to give us a call at 877-927-6648. If you can't call in, no problem, send me an email. And it's up and working, folks. You can send it to Steve at TFNN.com. Inside the subject heading, please put radio show question. Of course, in our Tiger's Den, any ping will do. So let's go ahead and get this show started on fantastic, fabulous Friday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to LUS Show right now that up 283 points. It's a little over 1%, 1.5% for the S&P. That's 40 points to the upside. NASDAQ up 1.6%. That's 120 points. The big leader to the upside, it is the semiconductors up 2.5%. Russell's up 2%. Mean and green across the board. Russell, 2,000, by the way, is trading out at $14.91, nearly 30 points out there. Spot volatile index is up $2, just slightly underneath, minus 10%. Gold's off $8. Silver down 7 pennies. Lights, we'd crude up $0.18. Natural gas pulling back lead. The charge to the upside. Dollar wise booking holdings, 23 bucks. Amazon 23. Mercado Libre 12. BlackRock is up about 12. AutoZone, about 12 as well. AutoZone really in the zone. To the downside, it's aligned status systems off 7.5%. 11 bucks in change. And then you've got intuitive surgical down 350. Globant SA GLOB is off about 350. Of course, I want to hear from you. So what do we want to look at first? I'll tell you what we want to look at first. And then Ruby, we'll go take a look at corn, maybe during the, after we come back from the first breakout here. Let's go take a look at these markets. What's going on right now? Now, the close is going to be more important today. What do you mean, Steve Arena? Well, take a look at the ES mini as an example. Take a look at a couple of the indices out here. But we know that, hey, the way that it made its last high was with the Rhodes momentum indicator top. And now yesterday, when we were on the air, we were talking about how yesterday's push down lower intraday triggered a potential Rhodes momentum indicator bottom. And what we also said was, hey, better for the market to not finish really strong yesterday. That could then, for the bulls, that could then offer that bullish reversal signal. And voila, that's what we have inside the ES mini. You've got that three river morning start. It's all going to be dependent upon the close. I don't know where the session closes. So it's possible if it's a poor close that we don't get that bullish reversal signal. But what if we do? What if we do? Well, the first thing is price will at least go to Stevie's red line. It's not that much higher. We're 2889. It's a 2906. You could possibly get that today. But what happens if price closes above that level? That sets up a move to at least 2977. That's the bottom of its current daily profile, maybe even 3027. A run back for those highs. That's right, folks. Now, you might ask yourself, OK, Steve, I just turned in. I'm hearing you. Your Rhodes momentum indicator. Just how helpful is it? I mean, really, does it spot bottoms? Does it identify tops? Right now, you and I, we're just interested in the bottoms out there. So I answer your question this way. If we just simply go back in the ES mini and we go back nine years, will that work for you? And I have this is the plain vanilla version out here. You must know the rules that are associated with them. But I went back and I took a look at that. You've got the bullish reversal signal right here. The last time at a bottom, we had a bullish reversal signal. Nice countertrend rally was right here October 29, 2018. Now that countertrend rally led to this little consolidation that went on. Let me just go ahead and grab a drawing tool out there. That way you're looking at the same thing I am. There's your little consolidation. Of course, when that consolidation finally broke, what did you get? You got a measured move equal to that consolidation slightly below that. That's what consolidations are. And that's a possibility, slight possibility. We're dealing with the same thing right here. And that means that the swing point from back on August 13th will be a key area for us. So that's one possibility. But at least that's not saying, hey, you should stay short today or over the weekend if you get that message out there. Unless you're ready for the market to push its way up to the 2944 level and maybe beyond. Now if we go back even further out here and take a look at a prior bottom, November 11, 2016. That was pretty important bottom. If you take a look at the bottom that formed in February of 2016, that was an important bottom. If we come back here looking for those bottom signals, here's one from June of 2012, pretty important bottom signal. If you come back here into October of 2011, pretty important bottom signal. You're kind of getting the gist, aren't you? How these things will work at the bottom. Sometimes it takes more than one signal at the bottom. Sometimes it only takes that one signal at the bottom. Back in July of 2010, that pattern is also what formed the bottom out there. So what that says, folks, here is I recognize we're in the unfavorable seasonal cycle. I recognize that many, including myself, are saying, hey, maybe this is just going to be more than maybe this is just a counter trend rally. Don't bet your sweet Bippy on that just yet. Today's close is going to be really important out there. Now, let's go take a look at cash indices. Many of you are saying, well, gee, Steve, well, that's great. But I don't have the access to the futures contract. Not that you don't have access. You're not willing to pay the fees to get access to that. Okay. Well, let's look at the actual Dow. Let's look at the Dow cash indices. What do you see out here? You see a double bullish reversal candlestick today confirming that Rhodes momentum indicator after, well, not after. So you see that confirmation out there, my apology. Both the gap to the upside as well as that three river morning star. And the minimum you should anticipate that the Dow is going to bounce in 26-130. That is at a minimum. Oh, by the way, by the way, the last bottom inside the Dow, what pattern formed out there? Yes, the Rhodes momentum indicator bottom. What was the candlestick? Well, that too was the morning star pattern out there. Folks, it's in the New York Stock Exchange. It's in the Wilshire 5000. It's in the ES mini that we just took a look at. It's in the XLI, the industrials out there. Hmm, something to think about. Steve Rhodes with TFNN. We'll be right back. If you're currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money back guarantee so you have nothing to risk. 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And my guess is Ruby are looking for a bottom as a result of the A to B equal CD pattern that was out there. So if we take a look at that, folks, we're taking a look at our A point being the high from June 17th, the B point this July 2nd. The retracement, that's such a retracement. I mean, it's a 84% retracement. I'm really not a big fan of those A to B equal CD patterns, but it is what it is out there. If we go ahead and use that, we can see that price is made more than the 1 to 1.618 A to B equal CD. What you have right now, Ruby, is you've got a new daily profile that formed today. And so if this is going to be a turn in a change in trend, then the level that I suspect you will be watching is 385.50 out there. So your price right now is made it up to the center of the box. Remember, both buyers and sellers are hanging out there. You haven't seen a close above the top of a daily profile ever since it made its high out there. So I would say that the top of that box is really going to be your key level to watch. A close above that would suggest to you that a change in trend is underway out there. So I hope that helps you out, John. I know you had written some information here about corn. I didn't have enough chance to read that as I was trying to get my system up and going. But hopefully that's the information that you folks are looking for. If not, just ping me again and we'll make sure that we get to that. By the way, John, you had also asked me a couple of days ago to take a look at the TD combo and TD sequential signals on the shorter term timeframe chart out there. And so I was able to do just a tad bit of work before the show started this morning. What I want to throw out to you here is I know that the numbers are small. They're blue and red. And the real focus here, folks said that we're looking for are the number 13s. But the only way for me to be able to get this in here so that you could see it was to keep that font size small, just simply the way that this software tool works. And I'm not going to go through all of the parameters involved with the TD sequential system. I'm definitely not going to do that. It takes more than an hour to do that. So we're not going to do that. But if we do take, John, this is the two-hour chart, the 120-minute timeframe chart for the ESMini, which I believe is really controlling the price that we have been dealing with here since August the 6th. It is now August the 16th. So for 10 days, 10 calendar days. And the reason why I say that is the solid green line and the solid red lines, as you know, those are the resistance and the support lines established by that TD set up nine count. And we can see that resistance. You can see we've got four resistance lines that have formed using that nine count pattern. 2933, 2935, 2926, 2930. Big strong resistance level out here. So remember, we were looking at the daily timeframe chart. We were looking at the rose momentum indicator bottom signal that it appears to be generating. We won't know till contract close today. But here's one thing that you and I do know for sure. One, I would anticipate that at a minimum that this is where price is going to bounce out to in this 2936, 35 range. If price closes above that, it's headed back to that all-time high in the 30,000, 30,000. And one day, the S&P will get to 30,000. Right now, just 3,000, 3,011, 75 out there. Now interestingly enough, if we take a look at the sequential system out here, the sequential system on the two-hour chart generated a nice sequential count bottom signal out here at the bottom on August the 5th. So what you and I know is that work. Now price ran right up into that resistance zone set up by the nine count. So that's a beautiful thing. What else do we know? Well, we know that a couple of days ago at 2 o'clock on August 15th, I guess that was yesterday, what we got was a TD combo count. So sequential blue combo is a red out there. So the question is, hey, how often has it been working on the two-hour time frame chart? Interestingly enough, up here at the highs, you got a TD sequential count. Again, this is a two-hour time frame chart for the ES mini. So that was certainly something to pay attention to. Back here on the trading day of July the 4th, that identified a high, a TD sequential count out there. Very interesting. Do they all work? No, because there is no tool where they all work, not at least that we've been able to find or that I've been able to find out here. Here you've got a nice sequential count that back on June the 2nd. June the 2nd, by the way, of 2019, because we're on a two-hour time frame chart. If I put this to the shorter-term time frames here for you, John, you'll just kind of see the... Now, let me do this here because I don't want to switch to a 10-minute chart and do, okay, it's got 200 days. We don't want to do that. Let's do 30 days out there. So I'm just going to change this to 30 days and then change it to a 10-minute time frame, just as an example out here. So here are the 10-minute time frames. I'm not seeing them necessarily as anything significant. You can sort of see the numbers out here on my screen. But the reality is I would answer to your question just based on the work that I've done. It hasn't been hours and hours and hours worth of work. It's just been a bit of work out here. I didn't see on a shorter-term time frame where the signal was really helpful to us. But what's cool, I think, here's a 30-minute time frame chart. And a 30-minute time frame chart, I didn't see anything that was a whole lot more significant than the 10-minute charts per se. But the two-hour chart is working really well. So the nice thing for you is just based on what we just looked at, and I know that you track these on your daily charts. And also, you're also trading the ES and the NQ fairly often is don't use it for the shorter-term time frames. First, it's a burden unless you have an automated tool to really track it. But the two-hour time frame chart, no problem. Now, I'll put this to the five-hour time frame chart for you. That data series may need to be more than 20 days out here. So let me just put 75 days. And let me go ahead and put in, I could have done it all one time, wasn't really paying attention. I was paying attention. I just wasn't paying attention, if you know what I mean. So let's put this on the five-hour time frame chart, just kind of solidify that, see what is out here. But at least go ahead and use it for the... Yeah, I don't see it so far initially here on the five-hour chart. What I can say for you is when we look at that two-hour time frame, it's working on a number of different... For a number of different... For the TD setup nine count, it's resistance and support. So use it for the... On the two-hour time frame chart as well. So I hope that that helps you out. We had a question that came in about NVIDIA. Let me see what that question was. This is from Eddie. Do you think NVIDIA will close at a size today because it's hanging around the 158 area after its footage report last night? Let's take a look at NVIDIA here. So NVIDIA, here's what we know about it right now. And we'll come back to it after the break as well. But here's what we know. Price is right now, gapped above the top of its daily profile. So we're going to call that bullish. It's tested intraday. The bottom of the top of that profile, which is 157.01. As long as it stays above there, the daily chart is saying it's got further to go. It doesn't say it's going to close at the high of the day, but I'm not going to make that call. Price is trading with inside the box on the weekly and the monthly out here where resistance is 168.73. So Eddie, what you want me to do on my other charts is go see if we can find a bottom that might have occurred out there to assist. And we'll do that when we come right back from this breakout here. Steve Rhodes with TFNM. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNM.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade charts today by visiting TFNM.com. 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 TFNM.com. Welcome back, folks. We're taking a look at NVIDIA for Eddie, and Eddie's got a number of questions out here. Let me just kind of give you my... And Eddie, you're asking about also should you get rid of this trade before the weekend and Hong Kong protests and stuff like that. I have no idea how much of the so-called Hong Kong protests really affect the U.S. market. I realize the people in the media use that as an excuse. These folks in the media, look, they couldn't look at a stock chart. Not all of them. They do have some technicians that are on there. Of course, I won't go there. But I guess the point is that they look at news events to try to somehow explain the chart. We don't do that at the show. We never do that at the show. We never will do that at the show. And the reason that we don't is because you and I look at historical patterns out there. We can't hover over a bar and understand what news event may or may not have affected the markets. It really doesn't matter. See, the market knows more than the media and the market knows in advance what its intentions are. And what you and I do is we just read those signals. And if we do that, you know, then it's a beautiful thing out here. And by reading those signals, it's really important for us to understand where support and resistance is at. Look, in the old days, when I was just a beginner at this, what I would have said to you and taken a look at the chart, I would have said, hey, you've got this gap to the downside from August 5th that had a volume of about 15 million shares. If price doesn't close over $159.28 today, of course, this is before I had profiles and all these other tools out there, that you're dead in the water. Yeah, you better go ahead and sell out there. I wouldn't tell you that. Now, is that a resistance area? Yeah. Do you want to see it close over $159.28? Yeah, of course, out there. That would just simply repair that window, that gap to the downside. But the volume of that gap as we took a look at was 15 million shares. Today, you've already done 17 million shares. So that's a beautiful thing. What else do we know about NVIDIA? From a daily standpoint, take a look at its chart. Well, first, I don't have any kind of bottoming signal per se out here. But what we also know is that as long as price stays above that top of that box, $157.01, it will also be above Stevie's green slash red line out here. That says there would be more counter trend rally involved in NVIDIA. I don't have anything on a weekly or a monthly time frame, so no reason for you and I to go over there. We know enough about the weekly and the monthly, and that it's trading with Insight. It's a box out there. It's a bullish structured weekly box as 1 in 68, 73 ought to be tagged out there. But, you know, so it doesn't have the type of bottoming signal that the ESMini had as an example out there. That doesn't mean that it hasn't formed the bottom. It won't move higher. What we're taking a look at here suggests that it would. If it closes under 157.01, you know, then it's telling you it couldn't take out a level of, two levels of resistance, and then you've got to make the decision at that stage what you want to do with that trade. So I hope that that helps you out. And I would just say don't, well, I'm not going to allow whatever might be going on in the news media and put what people might be saying out there to somehow impact what the message of the markets is. Just, just, I just, I can't do that. Okay, so that takes care of, I believe, all of the questions. I don't think there was anything else in the Tiger's Den. But if there was, if you put a question in there in the Tiger's Den, if you'd be kind enough to ping me, that would be great. Okay, Mike, that was just a no-question just a follow-up. All right, so, so where, where else? So what should we take a look at? What should we take a look at next? Oh, I know we should take a look at next. So, so here just to, to, you know, make sure there's no hocus pocus dominocus out here because the next thing we're going to go look at is the Advance Glen Oscillator Reading for the New York Stock Exchange. I don't know where it's at, but here I'm going to pull over the New York Stock Exchange chart out here. And you can see how this form, this, so far today has formed the rose momentum indicator bottom. It's done that with the bullish reversal signal, the three river morning start. New York Stock Exchange ought to move up to 12, 665, 47, maybe even more than that because it's a significant bottoming signal out here. Did a significant bottoming signal. Now to go along with the New York Stock Exchange, we take a look at its Advance Decline Oscillator. Whoa, well that's interesting. If you take a look at the, this had a declining tops Advance Decline Oscillator and right now it's above that area. So that's a suggestion of a change in trend. Now the confirmation for the New York Stock Exchange, it's changing trend, would be two closings above the zero line on that Advance Decline Oscillator. It's still minus 2731. Still says I have to give the benefit of the doubt to the sellers out here, but what the sellers don't know is you and I are taking a look at the bottoming pattern and we know how valuable and important that bottoming pattern is for the New York Stock Exchange, S&P and so forth. So yeah, we're not going to get sucked into that vortex either out here. So the New York Stock Exchange is saying this is more, this is more, potentially more than a counter trend rally. Let's just say this, those that are just thinking it's only a counter trend rally, I'm not in that camp anymore. Not especially if the market closes where it does and we get the signals that we have out there. So with regard to the spot follow till date, it's got a long way to go before it gets into bullish mode. Bullish mode, which just simply means there's plenty of liquidity in the market, means that it has to close below its 50 day exponential moving average. That's at 1636. Now I would say if the spot follow till date is closed below 1833 today, that would be a signal that that's what its intention is at a minimum to go run down to the 50 day exponential moving average. I said that 1636, so I just repeated myself. If price closes over 1833, it's always kind of people on edge, traders on edge out there. Question, question out here. A question on the S&P 500. In fact, S&P declines sick days off at 3028 top, good down move, yeah. Number two, now in the ninth day of bouncing correction up, could this action give way to renewed selling and lower lows early as next week as you see it? So with regard to the S&P 500, so the S&P as we take a look at it, John, you're going to see that it doesn't show a road momentum indicator bottom. Why is that? Well, because after the contract had reopened for trading yesterday, the futures went down to make a lower low, but the S&P cash did not. So thank goodness what you and I do is we use both the futures contract as well as the cash in to see out there to assist us with the message of the markets out here. So I just simply will go back, John, and say, look, it's always a possibility, but I'm just going to suggest do not ignore this bottoming pattern out here. Well, ignore it if you want. I am not going to ignore it. I know better. I'm not going to ignore it. At a minimum, at a minimum, John, what we should expect is at least a test of Stevie's oscillator and change line, the red line that's at that 2906 level out there. And I think the other thing that you and I know is there is an apogee pivot point that should form over the weekend. So you and I Sunday night at 6 o'clock and certainly within the first few hours of trading, we're probably going to have a relatively good idea as to what the real intent of the ES mini is. So, yeah, you know, I just, I just, I'd be careful on the short side. I'd really be careful holding the short side if the market closes around where it is higher, something like that with these bullish reversal signals out here. That's just the way it is. That is just simple chart reading and ignoring seasonal stuff and all that other stuff out there. Just simple chart reading. Steve Rhodes with TF and then we'll be right back. Which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. 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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, Four Side Fund Services, LLC. Right now, we've got the Dow up about 300 points. S&P is up 42. NASDAQ is up 129. Russell, everything is to the upside. You do have the Spot Volatility Index, which right now is down below a minus 10% out there. We have been going back and forth with regard to the Spot Volatility Index. If it closes at a minus below minus 10%, what we're going to be able to do out here, I know you can't see my charts, but we'll get these here posted as soon as we can, just waiting for my connection to establish itself with the HQ out there. But in essence, let me just explain to you when we take a look at the Spot Volatility Index, one of the things, there's several things you and I look at, but one of the things that we pay attention to are those one-day rates of change, both above plus 10% and below minus 10%. Let's talk about the ones minus 10%. The ones that are minus 10%, those are referred to as or I like to refer to them as initiation moves. Now initiation moves need follow-through on the next day, but they typically will lead to higher price. So when we put that together, combined with the bullish reversal signals we're seeing on daily charts for the EES Mini, for the Dow Jones Cash and New York Stock Exchange, the Wilshire 5000, the industrial sector inside the S&P 500, and we're getting one inside the energy sector, the XLE, although that one has not been confirmed out there. Okay, this is going to give me a chance. Oh, man, it is not giving me a chance to even get inside our Tigers then. I'm sorry about that, folks. Just kind of trying to trying to multitask out here. So the guys in the den just let them know I'm experiencing the same problem inside the den as I did a few days ago on Monday. I think it was when I couldn't get in whatsoever to do the show or anything like that. Okay. Just so I got folks that can try to work on the problem in the background. So you can't see my charts. I'm going to do the best job that I can to really explain. You can do this yourself. You can go back and you can take a look at one day rates of change in the spot volatility index and you can just simply identify the days where you've seen those where they were below minus 10% out there. Look, we had the last minus 10% that we had was just a few days ago on August the 13th. There was no follow through the next day. That was two days ago. But what there was two days ago, there was that spot volatility next rate of change above plus 10%. And of course that leads to typically a bouncer bottom right now for the S&P 500. We're calling that a bottom. A bottom that at least takes price up to where it has been consolidating the 2940 level. And if above that, it's going to make a run for its all time highs once again out there. And we may just be in that just may be the consolidation we're in. We might just be in this junior consolidation out here. I don't know we always take things one step at a time out here. Okay, so what else should we look at? Oh, I know one thing I should do. I should try to restart this Tiger's Den again, but but that's going to take a while even if it does come up. Let's go take a look at Goldilocks and see what can Stevie tell you about gold at this stage. So what I want to tell you about gold, even though you can't see the charts out here, what I'm going to it's down about $6 tradeout at 1525. Now the key level for gold to be watching today is 1520 what's called 1520 forget about the change out there. The reason why I say that's a key level out here is because that is Stevie's green line. And as long as price stays above that, by the way, it's been tested a couple times during the day today. So support is being tested. And as long as price stays above that, then says that it will continue higher. Now there we've got a topping pattern that is confirmed. And that was with a bearish reversal candle yesterday. It was with a key reversal sandal candle four days ago. And so we've got these topping signals out here. But what we don't have is really a bus through of the first level of support. That first level of support is going to be 1520. Now if it does close below 1520 today, that would be saying to you and that we should anticipate a lower price. Now lower price to where? Well lower price to the TAS profiles. That would be the next level that you and I would look at. So where are those TAS profiles? Well, I'm going to explain where they're at as soon as they pop up on my screen out here. They are way down at 1437 1437 out there. Yep, that would be the top of its box. Let me just try my other advanced warning Doppler tool just see if by any chance there is a new profile that's forming and there is a not. So really any pullback should find support. I would say between 1437 the top of its daily and 1453 the top of its weekly profile out there. Also with regard to gold there was a breakout its last breakout on a daily basis was 1412. Here's what I really want you to know about gold. If gold doesn't close below 1520 dollars out there there's no signal there's no signal being provided to you and I that what it wants to do is pull back and retrace Yeah, still no luck with the Tigers then out there just letting the guys in the control room. No, still the exact same problem that I experienced last Monday out there. Okay, so that was Goldilocks So what do we want to go look at next out here? Oh, I know what I want to look at next. I want to see if there's any requests coming in on the hotline that would be the email steve at tfnn.com and as I take a look here I don't see anything so I take that back there we go so something just came up Jeff L and Jeff wants to take a look at Google so Jeff hopefully you are listening in and I'll be able to you won't be able to see it on TigerTV my apology for that but let's go take a look at Google and what it's doing currently trading out at 11 78 40 so here's the things that you know about Google with regard to its daily weekly and monthly time frame prices trading below the daily bottom of its box which is 1207 70 out there so that's not bullish unless we can see some type of bottom signal we haven't gotten there yet on the weekly basis prices trading in between its bear structured weekly profile on the top or resistance is 1209 99 so that's a resistance level out there so now you got 1207 bottom of the box would be resistance 12 10 weekly resistance out here but prices trading above its monthly profile which is 1101 okay so we have that you know our support and you know our resistances well I didn't really give you support did I so support inside of Google to the downside would be where it last broke out and where it last broke out was 1093 70 there was a little gap to the upside that was back in June out there so at this stage here I would say that unless Google closes above 1189 1189 is Stevie's green line out there it's it's just trading sideways I don't have I don't have a I don't have and I don't know what your position is how long you've been in or you're looking to get in it's really trading in be it's trading below resistance from a daily standpoint and it does open up that door potentially for 10 93 out there hey I just did get back into the den so what I'm going to do out here is I'm going to go ahead and there we go I'm going to show you the profiles so that you've got access to those I can see the daily weekly and the monthly and then I will put Stevie's other chart up here on the screen the other daily chart here you're going to see Stevie's green line 1189 and you're going to see the breakout at 1093 so Jeff I I hope that helps you out you're asking my opinion my opinion is really just kind of a neutral to anticipate some potentially lower price out here that's my that's that's my take on Google as I take a look at it right now dows up to 85 S&P 41 we'll be right back since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tfnn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting tfnn.com it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds from South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfnn.com don't let gold's next big run you buy sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Nicar hunter and gather ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it is a great way to keep your body and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Nico and page of living a life that's worth $9 click on the primal edge banner on the front page of tfn.com this is David White stay tuned because coming up next is the power trading hour right here on tfn welcome back folks sorry for a couple of technical difficulties here as we go into the last two minute run out here hey with regard to Monday I'm going to attempt to do Monday show in the morning from 8 to 9 a.m. I will not be able to do the one on Monday so we'll see if I can do an 8 to 9 in a clock show join me live for that I'll try to make arrangements to do that here with regard to today with regard to specifically let's say just the next couple of hours out here when we began the show we were looking at the two hour time frame charts one of the first couple of segments out here although you can't see it this two hour time frame is going to end at 2 p.m. 2 hour time frame chart the NQ and the Russell 2000 both of those are in the bar following bar 9 counts out here and that says in the NQ it actually the high of the day so far has been the bar that ended at noon if the high of the day gets taken out in the NQ the ES and the Russell 2000 that's going to give you a pretty good indication at the market that it should close at its highs and that you should see an even further rally if there was a point in time when the market would start to move sideways hiccup or even begin to pull back because a two hour chart has been working so very well at helping us to identify turns in the market then this would be it I am not suggesting you go short the market okay I just want to be clear what I'm giving you is a data point that's really going to be helpful to you to understand what the markets are likely going to look like in the next two and four o'clock timeframe so any tick higher just by one little tick above the high in the ES mini in the NQ and in the Russell 2000 tells you this is a very strong move that is underway whether it's countertrend or not well the daily charts are suggesting otherwise but we'll have more information for you I'm sure early Monday morning so please join me live then I want you to have a great weekend and I will look forward to seeing you soon and thanks for sticking with me during some of these technical issues so have a great weekend folks