 The following is a presentation of TFNN. The Traders Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the November 1st, the wonderful Wednesday edition of today's Traders Edge Show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now, the easiest way to do that, well, it's to always remember that life is happening for us, not to us. That's right. 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 am absolutely grateful for your presence here, but even more important than that. And that's this during this next 53 minutes. I am here to serve you. Feel free to pick up that phone. We'd love to hear from you at 877-927-6648. Now, if you've got a question, but you can't call in, we've got you covered. You can send me an email. Send that off to Steve at tfnn.com. And inside the subject heading, please put a radio show question. Now, if you're inside our tiger stand, well, then any and every single 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. Right now you've got to see a green out there. All the U.S. industries that we track trading the upside. Dow's up 205, 610, 710s for the S&P are 31 points. 1% for the Nasdaq, 141 points there. Just one point for the Russell. So it's basically flat, but 36 points, 1-1-10th percent move for the semis. Trend is up 810s, 114 points. You've got gold trading out at 1995. That's basically flat. Silver's flat at 22.97 lights. Recruit up about 70. 82.70 is the print there. Natural gas down to nickel at 351. And the 30th Treasury printed out a 110, 20. That's up 1.6 ticks. Leading the charge dollar-wise is the upside. You've got trained technologies. Not by a 19-point move, nearly 10%. Argenics is up 19 bucks, a 4% move. 12% for Assurant Inc. That's an 18-point move. They're married up 18. SIA, the freight company, up $16. To the downside, it's Paycom Software. 92 bucks, 37%. Holy schnikes. Estee Lauder, down 22 bucks or 17%. Humanoff, 22 bucks, 4%. Idex Laboratories, 5% or 19 bucks. And Paylocity is locity to the downside. 9% move, 15 buckaroonies there. Let's begin here. Let's take a look at the Daily Equity Future Contract. So let's go take a look at that. Actually, I need to fire up the TAS Market Breath tool out there so we can see where we're at there. Maybe I do have that up and running. Let's see. No, I do. Okay, good. So let's start over here. We take a look at the ESMini up the left-hand side. We know, well, really, three of the four have bottoming patterns. Russell 2000 Equity Future Contract does not, but the IWM yesterday did confirm a roadsman to mitigator bottom. You don't need to have all three of them, meaning the Future Contract, the ETF, and the cash indices. It's nice when they do, but you don't necessarily have to have each of them identify a bottom. Back to the ESMini price right now. Trading into a potential resistance zone. We're at the 42.44 level. That is the center of its profile. We're just one point above that. If we can clear that area, we could see a move up to the 43.17 range. If we take a look at the NQ, both the ES and the NQ are now above their red oscillator and change line. That's important. It's going to be important at day zen, not necessarily at 11.10. We know we've got Powell coming out at 2 o'clock today, but at day zen, if price can remain above those red oscillator and change line, that will be at least short-term bullish. Now, in the case of the NQ, price should go target the 14.8, 38.14, 9.38 level. In the case of the Dow, it may be the first one up to real resistance, which would be the top of its daily profile, and that's at 33.444. In the case of the Russell 2000, its price target to the upside would be 17.0690. Now, a question that came in from Mr. Bill, he was asking about the seasonality and have we hit bottom? Now, I'm going to change screens because sometimes when I do that on my screen over here, it tends to go bonkers. Why does it go bonkers? Great question. I don't know. I just know that it does, so I try to avoid that. So, in avoiding that, let's do this here. So, you know, before I do that, before I pull up the seasonality chart, let's just also understand where we're at with regard to market breadth. Let's take a look at a couple of other tools out here. And this is showing us our market breadth for the Nasdaq wanted. It's still in just bullish zone for the 60-minute timeframe. The 240-minute, it's got 13 above and 45 below. Boy, that is not really a great situation out here. It says if there's any kind of rug pull, man, it's going to be to the downside. And the same thing with the S&P 500. It still is very negative, 86 above, 216 below for its four-hour timeframe. Forget about the daily and the weekly as we speak right now, but the 60-minute charts are still bullish with regard to market breadth, meaning more instruments trading above profile than below profile for that specific timeframe. What else do we have out here? Well, we've got that spotball of Tunex. Let's take a look at that. We are trading below the 50-day exponential moving average. That's not what I wanted. It was this tab right here. And if at day's end, price can close below that. That being 1758 as we speak right now, that would be bullish for the S&P 500. It suggests that a further rally, again, with that 4317-ish area being its price target to the upside. If we look at the New York Stock Exchange, it's advanced decline oscillator. It closed above zero yesterday. If it closed above zero again today, it tells us that buyers are the ones that are in control. And that's got much further room to run to the upside before it gets into overbought territory. That requires a reading of about plus 150 out there. So market conditions right now are certainly bullish. We just don't have the market breadth to support what it is that's going on inside the market. Okay, so we know that. Now let's go take a look at Mr. Bill's question is, have we hit the bottom? I don't know if you really meant the bottom, but your question said, have we hit the bottom out here? So let's go take a look at some seasonality. And if we take a look at the seasonality, it really depends on what we look at, Mr. Bill. So this chart here that you and I are looking at right now is the seasonality pattern over a 95-year period that takes a look at pre-election years. Why? Because we're in a pre-election year. So this says, no, we have not hit bottom. And this says that we just have a counter-trend move. Now, to go ahead and take a look at how the S&P 500 has related to each of these highs and lows inside of the seasonality chart, we can flip over to an actual chart. And so here's what has been going on. In the case of the high that came in, it came in on February 2nd versus February 16th, from a seasonal standpoint. The bottom that came in was right on time, March 13th. Then if we take a look at the next high that forms out here, it was on July 27th versus July 21st. The next seasonal bottom was on 818 versus 819. The next seasonal top came in at 9-1 versus 9-18. The next high, seasonal top came in at 10-18 versus 10-23. And then we have our next low that's out here. And that was from a few days ago, October the 27th versus October 18th. Now, the next seasonal high back in that chart that we were looking at, Mr. Bill, would come in between November 6th and November 13th. So we can see here these are coming in. So that was later, that high was later, this high was earlier, this high was earlier, this bottom was later. So we don't use them for an exactness out here, but the question is the high in. We don't know the answer to that just yet. Now, when we come back from this break, we'll take a look at the seasonality chart and we can change the seasonality chart so we're not looking at pre-election years. We'll just look at the 95-year cycle and see what it says. Steve Rhodes with TNN, please come back and join Mr. Bill and I as we look at that seasonality chart for the S&P 500. 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. 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Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to all 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 and there is this other possibility out there. Let's say that the S&P 500 really isn't paying attention to the pre-election year cycle chart out there. If that's the case, Mr. Bill, you know that we're always looking for a bottom-of-form sometime in October and that most certainly came to fruition out here. Now the typical bottom-of-seasonal basis would come in right around the October 26 timeframe. It turns out that on October 27th we got those TD9 count patterns out there for the ESMini. So that's really right on schedule. If that's the case, then we could see the market rally into the end of the year. That's what this chart here is showing us. Now it does show that we would get some type of short-term top in around the maybe late next week, the early following week out there. Then it moved down into the right around Thanksgiving and then go ahead and take off in essence to the upside, so to speak. So this is a possibility. Which pattern is the market going to follow? I don't know the answer to that question. I wish that I did, but we certainly can follow along by paying attention to what's going on inside of the equity future contracts, how they deal with resistance levels, how they deal with support levels on a pullback out there. And again, right now as we take a look at the daily equity future charts you can see how this 42-44 level is acted as a short-term resistance point inside the ESMini. Again, you want to see close above those red oscillator and change lines out there to again assist us with the idea that at least a further counter-trend rally should unfold out there. So again, if that's the case, we're looking for at least a short-term top, I'd say maybe a week from today, right around the November, or maybe it could be by Friday, quite frankly, Friday, Monday, Tuesday, early next week. I know based upon that seasonality for the pre-election year cycle out there. So Mr. Bill, I hope that provided you with the answer that you were looking for there. Let's get to some of the requests that have come in. The first one coming in from Alton. And Alton is in City Corp. I see is the ticker symbol out there. And Alton is asking, should he add to his position out here? So here's what I can share with you with regard to the City Corp charts. And that is that they formed a, what did they form? Let me see here. That low is 38.26. And this close was 38.24. So I don't have a bottom pattern. I've got a road's meant to indicator signal. It needed a bullet reversal candle. It's failed to produce that, or it first failed it. And then we got a, that pattern was negated here on the trading day of October 27. Nonetheless, price above that red oscillator had changed. We're trading above yesterday's high. That suggests a further move higher. Your resistance out here, because I know you're asking, should you add it? You're in a losing position at this stage of the game. I'm going to let you answer that question. Where a countertrend move would take us to is 40.84 to 41.26. You're 39.81 right now. Average to range on this is about 85 cents per day. If I take a look at the weekly chart, that's the one that right now has got the most promise for you. In that, if we do get a bullish reversal candle on Friday, we've got one as of Wednesday at 11.21 in the morning, that would generate road's meant to indicator bottom out there. But you still need to see price close above that oscillator and change line. So 40.11. If you get a close above 40.11 at week's end, boy, that would be nice and bullish there. It suggests that we move higher. 40.86 would be its resistance level out there. And we got 40.84 on that daily bottom of its profile. Now on a monthly timeframe, although we don't see a bottom, what we can see that took place last month was price got back to that 38.31 level. That was a TD9 cow breakout area. That's where we saw the last significant bottom, which was April of 2020 inside of Citibank. So price got back there last month. Now in order for this to suggest to you and I that that's a bottom, that that's worthy of really being a bottom call, you've got to get price back above that red oscillator and change line. That's in the 40.208 area out there. So on a daily basis, we don't have that confirmed bottom on the daily timeframe. But weekly so far looks good. We are in day number three of a rally out here. And as we take a look at Citibank out here, it sure has some four and five and six days of consecutive rallies, but two and three, they're the predominant cycle out here. So this is suggesting that you could or should see a short-term top form tomorrow out there. But the weekly again, it looks pretty good. So I hope that that helps you out, Alton with regard to your question with regard to Citibank and so much and appreciate the request. Let's go to the next request out here coming in from Dan inside the Tiger's Den. And Dan wants to take a look at BTAI, Bachman-Turner Overdrive out there. And as we take a look at BTAI, what we're taking a look at is what? Price closed above two on its daily basis, two TD9 Cal breakdown levels out there. So that's a beautiful thing. What do you have? I don't have anything to suggest a daily top. I'm not going to say that this is an A to B equal CD pattern on the upside because that retracement was just too long. So perhaps maybe this goes on to form a TD9 count up. You're only in bar number six today. So we got to come back to that really at week's end and early next week. We love the weekly chart. Why do we love the weekly chart? Because right now price is above its bearish structured weekly profile. And if we can get it closed this week above $3.90, this says it wants higher price. Now higher price here over time, $9.77. That's its TD9 count breakdown level. $7.85, by the way, on the daily timeframe. On the monthly, what we have is a wave seven potential bottom out there. It just means that we need to see a higher low this month. We're off to a good start there. If we get that, that's suggesting a rally to $9.32. So on the daily, it looks beautiful. On the weekly, it looks beautiful. And even on the monthly, it looks pretty darn good. If we look at a 30 minute timeframe chart out there, this says be cautious right now. Expect this short-term pullback. If we can get it closed below $4.31, two closed below $4.31, then we can see a move back to the $369, $386, or $402 level. But Bachman Turner Overdrive, which is really biaxial therapeutics, is looking pretty good, Dan. So I hope that that helps you out. Let's take a look at your next request out here. That's to take a look at ARWR. ARWR trading out at about $25.99. It's trading above the top of its daily profile. That's a beautiful thing there. That suggests that we have a change in trend. That's after a rose meant to mitigate our bottom. Where's its next target? I would say $30.73 is its next target trading out right now at $25.94. On a weekly basis, price pulled back to its TD9 account, rose meant to mitigate our bottom. The volume down there on the swing is about 5.2 million shares. So far for the week, you're at 3 million shares. So you got a lot more volume. Price can close above this red oscillator and change line. That's what it's taking on right now. That's up at $26.12. But close above that will go a long way to saying, OK, just maybe you really have something here. You'll really have something here. Price can close above $2,806. That's the top of its bearish structured weekly profile. So ARWR, that is for Arrowhead Pharmaceuticals. This looks good as well. If I look at a quick 30-minute timeframe chart out here, I don't see any kind of a topping signal. I just see a negated TD9 account top out there. So it does look like, well, the resistance level on a 30-minute basis, Dan, is up at 26, that 26? 26.46. And 26.46 is pretty much where it ran into resistance. So you want to see a close above that level to suggest that this current intraday rally is going to go ahead and continue. So hope that helps you out. One last request from Dan. That was to take a look at a considerable AQST. And we take a look at AQST out here. We've got price back inside its profile. The resistance level is 167. The close above 167 would take us up to the 182 area. The other resistance showing up on the weekly timeframe. That's been a significant resistance level, Dan. That's been the oscillator and change line. But a close above 163 this week would be a very bullish outcome. Now, that bullish outcome would run into a battle at 177 and 186 out there. There's not much on the monthly to help us out. But we do like AQST. Looks like just got to deal with some battleground areas. Again, we've covered those for you. Dan, hope that helps you out. We get back to this break. We'll take a look at ARKK for Rose and FNV for Hector. We'll be right back. Tires. Every Tuesday and Thursday, Tim Ord joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5 30 p.m. Eastern time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double, and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the daily TLT VIX, the daily and weekly SPI VIX, the American Association of Individual Investors bull bear ratios, and the trend panic levels. Tim will break down each ratio, how it is calculated, its importance, and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them, and see your returns. That's it. Visit the front page of TFNN.com today to sign up now. TFNN, Educating Investors. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. 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 while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN. Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. The Dow up 123 S&Ps up 20 and Azdec 99, Russell's down 4 points. We're going to go take a look at ARKK This is for Rose inside the Tiger's Den. We take a look at ARKK out here. It is trading above its Ocelot and Changeline, which is a bullish outcome. It has a new bullish structure profile that formed yesterday. So Rose, what you'd like to see today is a close above the center of that level. That's at 3502. If you get a close above that, we're likely going to go up to 3712. 37 dollars and 12 cents out there. That would be the next resistance level. On a weekly basis, we'll see the next resistance level. On a weekly timeframe, I do not have a bottom pattern. We've got an A to B equal CD to the downside. Let's see how far along we are on that C to D leg. We'll just simply draw on the A to B. Looks like we've got further to go and we'll see if that was even confirmed with volume. But first, let's go ahead and move that line down. Yeah. So it does have a little bit further to run about 3305. That beep doesn't matter where the B point was taken out with volume at this stage because we're already down far enough out there. So no bottoming signal on the weekly A to B just yet a bullish reversal candle would accomplish that task. On a monthly timeframe, just a sideways consolidation inside of A to A car. A ARKK since May of 2022 out there. So it doesn't look like there's going to be a whole lot of action Jackson here. But with regard to the daily timeframe, again, it looks like price wants to go target that 3712 level. Anything else that I can provide to Rose on that one? Let's see here on a 30 minute timeframe for ARKK. Yeah, I don't have anything here. I don't have anything good or bad necessarily. I just don't have anything really to share with you on a 30 minute chart. So I hope that provided with the information we're looking for out there Rose and best of luck to you. Nicholas wants to know, Steve, what will be the market reaction to the Fed announcement today? Now that's a great question and I don't know the answer to that. But you know what the market is indicating to us at least at this stage of the game at 1130 is we've got those bottoms. We've got seasonality that suggests that we rally into at least Friday. You know, maybe Monday, maybe early part of next week out there. But we do have this event calendar out here that I can take a look at for the S&P 500. This is 10 years worth of data and this is the Fed rate change. So in the Fed rate change, typically we see the market move down for four days after that. Now that's over a 10 year period of time out here. We can increase that I believe and go to 25 years and on a 25 year basis, things are kind of flat for that very next day and then things move lower for about four to five. You don't see the chart. Oh, shoot. Sorry about that. Thank you, Mr. Bill. Thank you. Thank you. I'm sure the Tigers then as I heard the bell. So let's get back here. So this is the S&P 500 time frame. Well, maybe that wasn't it. Okay. I'll be with you in a moment. So if we take a look at here's the seasonality chart for a Fed rate changes out here. And you can see right now this line is over a 25 year period of time. Represents where we're at today. Looks like things are relatively flat with regard to how the market responds but then it starts to move lower. That's over a 25 year period of time out there. But with regard to the chart patterns and everything in this out there, you know, Nicholas, I'm not sure that that's really what I would rely upon out there. So right now conditions, well, you know, the issue that we have here if the market is generally whatsoever, remember that market breadth, that TAS market breadth is negative for its daily and its weekly and its 240 minute time frame. So you can see a big swoop, if you will, to the downside. The question will be, would support hold out there? So let's go out to our first caller. It is John in Philly. John, thanks for calling. Thanks for holding. How are you today? Steve, I'm doing very well. Excuse me, I'm doing very well. Thanks for asking. Steve, I'm calling in to ask you to please help me with your data on the copy futures charts. That's KCZ three. Steve, I am flat. I've been trading this from the long side. I would say I got lucky yesterday when I sold out of a long position and it's abruptly pulled back. Steve, I'm wondering if your daily or weekly charts give us any clues as to whether this pullback bottoms out and gives way to higher price. And if so, what those price clues are, please? Okay. So John, what I'm going to have to do for you, first I'll try to answer that question as best as I can. But I'll be better to answer that question after the show. And the reason is because I need to turn off one of my data feeds out there. In order to be able to pull up the weekly and some of the intraday time periods, but I will post that into the den for you. But we still have data that we can use and I do have my black background chart up. So that's the actual data feed that I need to be exclusively on my white background charts that I take a look at coffee. But you are, I like the idea that you actually sold yesterday out here. The reason is because the rally stopped right at resistance. That was the top of its daily profile. That was at $167.36 out there. The actual close yesterday was $167.30. Now I had drawn in that if price would have followed through today, could have set up or still can set up an A to B equal C to the upside, it just needs a close of $169.05. But instead of getting that follow-through, we're getting follow-through to the downside. And again, prices below the bottom of its daily profile. Now, we need two consecutive closes below the bottom of that profile. The bottom of that profile is at $160.57. If it closes below that today, trades below that tomorrow, well, then where are we headed to? And that's a good question. Let me see if I turn on my weekly set of profiles here, see if there's enough data for me to do that. If you give me just a moment, oh, I don't, okay, I've got to do it a different way. So now I've got to, I don't have that indicator on this chart, but I'm going to insert that study here momentarily. If you give me just a moment, John, we'll see if we can turn on those TAS profiles. Where did Stevie put that? Oh my goodness gracious. What the heck? Okay. You've got lots of people on the show calling in and asking questions about stocks. So why don't I sign off, let you attend to those, and you're always so good at doing some follow-up work and press and posting in TFNN's Tiger's Den after the show. So I'd be much obliged for that, and thanks for taking the call. You bet, you bet, John. And I'll absolutely do that. That was Johnny and Philly. And again, we'll go ahead and post those charts out there for everybody inside the Tiger's Den with regard to coffee futures. So let's go on to my next request out here. And that was from Hector. Hector and Patty, they want to take a look at Franco and Nevada. The question with regard to Franco and Nevada is when can we expect support? And you can expect support today. How do you come up with that, Stevo? That's a great question. I'm going to answer that question. Well, today is going to be the day following bar number nine of a TD9 count. So if this is going to form a TD9 count bottom pattern and there's no reason for us to believe that it won't, why is there no reason for us to believe that it won't? Well, if we take a look at the last high, that took place out here on October 18th. That was a TD9 count top. If we take a look at the last low below that, that was on the bar following bar. Oh, just seen the home screen. Sorry, sorry, sorry, Lordy. Sorry about that, folks. It must be the sugar rush from last night. Just kidding. Only had one little piece of candy out there. But here, so you've got the TD9 count, bar following bar number nine. That's what's forming today. Took a look, take a look at the last high. It was on bar number nine. Take a look at the last low. It was on the bar following bar number nine. That formed a nice rally. So where should we expect support today? With regard to Franco Nevada, we should expect it to be at whatever the low is today. If price closed below the low of today out here tomorrow, well, that's going to tell us that price is going to move back to 1,1566. And that's where we'd find support. That is the bottom of its monthly profile. 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. 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So John, when I put the weekly time frame chart up on my screen, it still shows the daily profile. But what we can see here is that we only had one week with the close above the top of that profile. We're back inside there. The reason why I'm making that one week a big deal is because typically if we had two weeks above resistance, then a counter-trend move to the downside would typically find support at the center of that profile. And the center of that profile, I'm going to give that to you anyways because it still could act as an area of support. But that would be $157.35. But what I would share with you there is your price closed below $157.35. Price should make a run for the bottom of that profile. I'm not saying that's where it's going to end up with the support, but it should make a run towards that level at $149.23. So the levels to be watching inside of a coffee are going to be $157.35 and price closes below that on a weekly basis, $149.23 out there. So I hope that that helps out with regard to the December Coffee Futures contract. I'll still post those white background charts into the den after the show once I can get my computer system set up for that. In the meantime, let's go take a look at Marvell. This is for Duncan Steve inside the Tiger's Den. And Marvell right now has a TD9 count bottom. And the issue here, that TD9 count bottom, Steve, that formed on October the 26th out there. And that level has been tested several times, but it is held, the low is held. The issue here with Marvell and what this needs in order for that TD9 count bottom to get traction is a close above that red oscillator and change that. At least that's the first battle and that's at $47.62. If that can be accomplished, the second battle would be at $48.50. If you can close above $48.50 for two consecutive days, then you're off to the races. And those races would take it at $54.72. On a weekly timeframe chart, looks to me like an A to B equal CD to the downside. The swing point out here had volume of 99 million shares. When it was passed, it was passed with 46 million shares and that 42 million shares. So it is a light volume A to B equal CD to the downside. Doesn't mean that it won't go ahead and complete it out here. But we won't come back to that until we see a failed TD9 count bottom pattern on the daily timeframe. If price does continue to head lower and we get that failure, then we'd be looking for support in between $39.07 and we're trading right now at the 46.74-ish area out there. So we take a look at Marvell. It's daily's got a nice bottom but really price has got to close above $48.50 to tell you've got upside traction and that's because we've got a weekly A to B equal CD to the downside. We're nowhere near where that's going to complete and you've got further support on a monthly chart down around the $39.07 area out here on a 10-minute chart. I happen to have a 10-minute chart out. So from a 10-minute chart, what do we have? We've got a TD9 count top. That TD9 count top and Rhodes meant to Mindicator top. It's a TD9 count top that's one that we're paying attention to. You've got a little bit of a consolidation inside its profile. From a 10-minute standpoint, $171.00 to support $171.95 as resistance out there. Price could have closed below $17.91. Price should move to $171.12 out there. So that's what I see. What's an apple? Oh, that was an apple 10-minute. What the heck? Okay, we're getting rid of that so it doesn't show up again. I don't make that silly mistake out there. Let me come back. So forget everything I just said there. Instead, let's take a 30-minute chart out here. 30-minute chart. Boy, Rhodes meant to Mindicator bottom. And guess what, Duncan? Price just keeps hitting resistance at the top of the profile. I do not like how Marvell is looking out there. MRVL is the ticker symbol. So I hope that review assisted you. We've got a request from Sat P inside the Tiger's Den. Would like to take a position, add some shares to ticker symbol MDB. So we take a look at MDB. Let me make sure, yeah, I'm in the right spot. That's a good thing there. We take a look at MDB. Do we see any kind of a bottom? We see a Rhodes meant to Mindicator bottom that was confirmed yesterday. However, price ran into resistance at the bottom of its daily profile. Today, you're back below that red oscillator and change line. Sat, if price closed below $33901, it tells us it wants to go target that swing point from October 26. Now, it hasn't hit that level. That level, the top of that level, would be $33439. Volume is 1.4 million shares out there. Today, you've done $333. It's two hours of trading. That says you could do about $1.2 or so. So you're coming to that swing point with light volume. If price can test, that means it gets down and at least touches, let's say, $334.38. It closes back above $334.39. You could have a test rejection of that. You would have a test rejection at swing point on lighter volume. But you still would be, you know, you'd really like to see it close back above that red oscillator and change line out there. So the daily's got potential, but right now it's saying it hasn't proven itself to us. On a weekly basis out here, I don't have anything that shows us the bottom. And on a monthly basis, it's starting to really lose its momentum. And it'll lose its momentum on a monthly close below its greenhouse that are changed up, but we just started that today. So no reason for us to really spend too much time on that. On a 30-minute timeframe, as we take a look at MDB out here, we don't have anything to suggest that this is not going to have lower price right now. It's trading below the bottom of that 30-minute profile. So with regard to, you've got the daily numbers to be paying attention to. You know what to look for there. If you get that test rejection, put out a few shares and close it. If you get a close below the low from October 26th out there, you also wanted to take a look at ticker symbol, H-U-B-S, really the same type of thing out here. I don't see a bottom pattern. Well, let me see. Maybe there's an A to B equal C. Maybe there's a buy the D point. I take that back. Yesterday was a buy the D point pattern inside of H-U-B-S out there. So what do we have? We've got price testing that red oscillator and change line. That is currently printing at 417.61. We're at 416.54. Actually, I've got a little bit of a delay here. I'm going to say hold on that one too. If we close, you know, so we're trading into a swing point from October 26th, Vol. 983.129. You're pulling it with lighter volume, but if you close to that swing point, it might be just a test of that swing point low at the 407.23. The only reason why I would say entertain that is because on the weekly basis, what HubSpot did was it pulled back to its breakout area, did that last week at 408.58, and that has held out there. So there is some potential support. That can be a bottom, but I don't have the... We've got the bottom signal yesterday on the daily timeframe out here, but we don't like how this is trading as we speak right now. So it might not be the information you were looking for, but it is the information that I have available to us. So let's go on to our next request. It's the last request, I think, that I've got in the system right now, and that's to take a look at ticker symbol W-R-A-P. And this is for Lee B. And Lee wants to... Lee, I don't recall what it was you were looking for out here, but what we can say is this thing's been a rocket ship over the last three days out there. Now, as I take a look at the monthly chart, I'm going to start from the monthly chart out here. And on the monthly chart, we see that price is above, the close above the top of its profile. That suggests there's a breakout or a change in trend, even though I don't have a real bottom signal on a monthly base, but that itself can be a bottom signal. On a weekly basis, if in fact, rep technology close above $1.90, that's a CD-9 count breakdown level, and it's trading above it right now, that'll suggest to you and I that we've got higher price. Now, there's an A to B equals CD to the upside. This has gone ahead, and it's made more than the one-to-one out there. I'm pretty sure that it has. Let's go take a look at that. Let's move that... try to move that. Right there. And so now we can see it's more than a one-to-one. So what you have to watch for on the weekly base would be a bearish reversal candle. That would confirm a Gartley cell pattern. We don't have that right now, and this suggests that we should continue to head higher. The daily pattern out here also has an A to B equals CD. So if you were to get a bearish reversal candle, then we would see a pullback to about $1.80. We don't have that as we speak right now, but we could by day's end. That was W-R-A-P. That was for Lee B. We'll be right back. Tires. Every Tuesday and Thursday, Tim Ord joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. Eastern time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double, and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the Daily TLT VIX, the Daily and Weekly Spy VIX, the American Association of Individual Investors Bull Bear Ratios, and the Trin Panic Levels. Tim will break down each ratio, how it is calculated, its importance, and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them, and see your returns. That's it. Visit the front page of tfnn.com today to sign up now. T-F-N-N Educating Investors. 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 and stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. tfnn.com Educating Investors. T-F-N-N Educating Investors. T-F-N-N.com Educating Investors. Good back up, folks. So what you've got on your screen right now is the 30-minute time frame chart for the EES Mini. I just want to see if this has completed the A to B equals CD pattern out there, and it most certainly has. So you've got a short-term top signal on the 30-minute EES Mini. It formed that as we came to the 1130 time frame when it generated that little bearish and golfing candle. Now, price remains above its screen us that are in change line. But there's a new profile that has formed. Resistance is up at $4248.50. Price close above that will negate this SSL, the D-point pattern. And support is at $4224 on a pullback, then $4219, and then finally be down at $4208.43 out there. So those are the levels to be watching inside the EES Mini for its 30-minute time frame. Again, a close above $4248.50, and the rally should continue itself. We're at 12, almost noon out here. Powell comes out at 2 p.m. with regard to their rate decision out here. So probably the market somewhat stalls around now or maybe pulls back, or at least that's the message from at least the EES Mini. That's the same message when we take a look at the Dow Equity Future contract here. It's first level of support. We're at $33185 on a pullback, and then it's down at $3352, on the price we're to get below that. In the case of the NQ, we've got a wave number seven top out here. It also is forming a new profile. So support here, you've got resistance at $14649.50. You get above the high of the day out there. That came at 11 o'clock, and it gates that wave number seven pattern. And you've got support down to $14482. So you've got $14549, as we speak right now, $14482. I would say based upon these intraday topping patterns here at the 30-minute chart, we're likely to see the market just simply trade sideways, not break out from here, but trade sideways out there as it awaits the Powell decision out there. Which way will the markets break? You know, I can make the case, the bearish case is task market breadth is saying just be careful because if the markets get nervous, they'll head to the downside. Folks, stay tuned for all the great programming. I'll be back with you tomorrow on terrific Thursday. Please have a wonderful Wednesday. Thanks for joining us, and we'll look forward to seeing you again soon. Take care now.