 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 morning folks, welcome to the August 11th, the terrific Thursday 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 one And the easiest way to do that is to always remember that life is happening for us That's right, when you and I make that one little 2x4 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 those bulls and bears, what those buyers and sellers are communicating to you and I just past 11 o'clock in the morning I want you to know that I am absolutely grateful for your presence here But 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, would love to hear from you You can give us a call at 877-927-6648 Now if you can't call in, we've got you covered there too You can send me an email, send it to Steve at TFNN.com And inside that subject heading, if you need to be kind enough to put radio show question Of course inside our Tigers Den will any and every ping will do So let's go ahead and get this show started on terrific Thursday Of course this is Tiger, Financial News Network I'm Steve Rhodes, welcome to the show Right now you get all the U.S. and C's trading to the upside Now it's up 199, 610, 0.5% for the S&P That's 22 points, 0.2% for the Nasdaq 100, that's 23 points Russell's up over 1%, 24 points there, printed out in 1992 Summise up 1%, 31 points, 1.5% for the trainees up 231 Gold's off $8, trading out 1805, Silver's back 35 cents, 20, 39 there Light speed cruise up $1.53, natural gas is up 18 cents 30 or Treasury back 1 point and 11 ticks, he's trading at 140.19 Lead the charge dollar wise, the upside, you've got 45.95 Which is for booking holdings, that's a little over 2% Dillard's up 27 bucks, that's 11% the upside Apply industrial technology up 13 bucks, 13% 14 bucks Aruni Star Surgical, 13 bucks and 15% To the downside it's Tesla leading off 15 bucks So not big, that's a little less than 2% Hub spot down 2.5% or 9 bucks Mercado Libre off 9 as well, that's 9.10% Kaki International off 3% or 8 bucks and change in equinix Is down 8 bucks, that's a little over 1% to the downside So we've got some movers and we've got some shakers Boy is it good to have sound in my ear, not that anybody's talking right now But it makes the show a whole lot easier than it was yesterday So let's begin, let's begin by just take a look at the ES mini We'll look at some of the intraday charts out here And we do have a short-term top that at least has form We'll go take a look at that, somebody was asking for a reprieve inside the tiger's den So let's just start with the very right hand, lower right hand chart out here And that is the 10-minute chart for the ES mini We can see that has confirmed a rogement to indicator bottom pattern Price right now is trading below the bottom of its profile The bottom of that profile is 42.35 Its message to you and I is that price should go target 42.20 On a 10-minute basis that is its breakout level If you look at the 15-minute time frame chart It too has a rogement to indicator topping pattern Price right now is trading below the bottom of its bullish structured profile If price closes it's a 15-minute chart in 5 minutes below 42.35 Its signal to you and I is that price will go target 42.21 So we've got 42.20, 42.21 and a quarter Still need that 15-minute chart to complete Its candle session out there The 30-minute chart also has a rogement to indicator top out there Now folks, this is a pattern that I teach So if the terminology is foreign to you This is a great pattern It is absolutely one of my favorite patterns Not because I named it after myself But it is really a great pattern out there And I teach that to subscribe to Mastering Probability Do it for 29 days doesn't cost you a penny out there And you're going to get a ton of information out there We've got that 30-minute rogement to indicator top Now here price is above the profile levels So when price is above a profile That's really a bullish signal But where is price perhaps pulling back to You'd have to say 42.26, 42.20 You don't have to say it but I'm going to say it 42.19 and then below that 42.14 So we've got a cluster of support between 42.14 and 42.26 The 60-minute time frame chart Also has a rogement to indicator top Now its profile levels are well below price So those begin at about 42.03 to 41.95 If this is only a counter trend move For the 60-minute time frame Price will find support if it gets down there At 41.95, 75 to be exact And we're not exact here We don't use it right to the tick Oftentimes though it does work out right to the tick As we look at the 120-minute time frame chart There we do not have any kind of a topping pattern On the 4-hour time frame chart Two patterns that are potential out here Now this current candle session closes at 2pm It's only 11-11 So you do have the potential for a TD9 count In order for that to come to fruition At 2pm the ESMini must close above In order for a TD9 count pattern For the 4-hour time frame reform Must close about 42.20.25 But if it doesn't close above that at 2pm We have a rogement to indicator signal And if we get that bearish reversal candle That will give us a topping pattern for that time frame We have the same thing going on Same set of scenario With regard to the 5-hour chart Although it doesn't have the TD9 count pattern That will confirm That could confirm at days end I believe Not really going to be this evening But you could also for it Get a rogement to indicator top Now support for it 5-hour time frame chart Is at the 42.13 level Interday charts We have 42.20 42.21 Probably 42.19 The 60-minute chart We're saying 41.95 The price gets below those areas out there So that's what to be looking for So when there are changes in trend in a market What we will see Is we will see those Shorter term time frames Give us those signals first And that's why you want to be paying attention To those breakout levels To the 30.19 On the 30. Why? Because those would be to buy the dip points Out here in this bull market That we are in at the bull run In a bear market Of course it depends on how we're looking At the markets And what currencies we are looking at We'll go to that here momentarily Daily time frame The daily time frame negated Is TD9 count top yesterday So a bearish reversal candle Would confirm another sell the D-point pattern But at this stage here We've got short term signals Of a market that's pulling back We don't have any real key levels of support That have broken But that's what we want to go ahead And manage during the day today So hopefully it helps you out We can take a look at the NQ And other charts as well During the show But I did mention to you We'll change screens here This is really interesting This is really interesting When it comes to the USS stocks out there And that was the first question that I asked Now many people are going to say yes Out there And then the second question I asked Is are we in a bear market In terms of great British pounds Why is that important It's so important for us to take a look At how instruments Especially leading instruments Like a Dow or the S&P Are priced in major currencies And here if we take a look at this The Dow priced in pounds today Made a new all-time high You cannot tell me that the Dow is in a bear market Pricing great British pounds Those guys are buyers Steve Rhodes with TFNN You're right A blooming inflation We are purchasing powers eroded There's no better place to protect your Hard-earned, money-earning gold This the gold's flagship asset Is the Monk Todd Gold Project In the Northern Territory of Australia The most undeveloped gold project We are talking a world-class gold project In a tier one mining district This is a large-scale, low-cost project With significant existing infrastructure In a politically safe and friendly mining jurisdiction This the gold just completed The Monk Todd Feasibility Study Which resulted in a 7 million ounce gold reserve In a 16-year mine life All of this Combined with the approvals Of all major operational Crystal permits This distinguishes Monk Todd as an attractive Dearest partner Ready Development Stage Gold Project This the gold trades on the New York Stock Exchange And the symbol VGZ 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 But there are many early 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 And investors 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 it number two for the year An amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn And he shares his vast amount of trading knowledge every day In his Mastering Probability newsletter Steve's award-winning newsletter Mastering Probability Is delivered every trading day With updates throughout the afternoon Sign up for Steve's market newsletter Mastering Probability And you'll receive access to seven of Steve's educational webinars Absolutely free At tfnn.com 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 Toll free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back folks So we're taking a look at the Dow price and major currencies And you know most of this show Is really dedicated to technical trading patterns That are out there This is perhaps the most fundamental Most important thing That each of us must understand To a certain extent we've been trained Only think in terms of our currency The US dollar And then when the US dollar for example Is moving lower We ask the question Why isn't gold moving higher Because it is not as simple as that That you use the Dow Now many people here are saying the Dow You know it's only 30 stocks Doesn't really represent a whole lot But what it does represent Is the trophy horses With inside the US stock market out there And what it represents is Extreme liquidity You want to get out of a position Inside the Dow You're not going to have any problem Doing that out there Now this chart here Or a set of charts that we're looking at The Great British Pounds Made a new all-time high It's priced around the 27, 4, 8, 11 Out of my data window up So I can't take a look at that But you can see it's the very right hand Side of the chart Now you'll also notice these yellow horizontal lines On the chart say D mark Which I'll have to change for the Dow Priced in the pounds out there But they D mark the date That the all-time high came in Now what we typically see Is if you go back and you study this Notice Monthly chart specific Is that when major tops in the market form They will form Highs In these four major currencies At the same time So I use the monthly chart for that That way whether it's January 5th Or January 4th Or something along those lines And if we take a look at the Dow though Priced in yen So this was the first instinct That was not done Are we in a bear market? In terms of US dollars Sure I can see that But we need to understand how traders around the globe If you're in Europe right now And you're dealing with these currency devaluations That are going on In pounds in terms of euros out there You're trying to find ways To stay whole Or to make some money out here Well look at the Dow priced in pounds New all-time high What that tells us April 21st was when it made Its all-time high Whereas the others were on January 4th January 5th out there That was a signal that We are going to see new all-time highs In terms of dollars out here When I can't tell you when the when is But we are going to see it Unless this pattern just completely falls apart Which I doubt that it will Because it's always worked like this And if you take a look at the Dow priced in euros It's already back towards Today it almost made its all-time high And if we take a look at the Dow priced in yen It's not that far away from its all-time high From April the 21st out there So the question Are we in a bear market? Well it really depends on what you take a look at In terms of currencies out there But that's not really the question The thing to take away from this For people to wrap their head around Is the fact that we have not seen the all-time high Inside of the Dow out there Anybody that tells you That is not taking a look at how the Dow priced in currencies Actually forms its all-time highs out there Okay enough of that Off the soapbox Let's go out to Wyoming and speak with Larry Thanks for calling Larry Thanks for holding How are you today? Hey good Steve A pleasure to get to speak with you on the phone You've taught me a great deal What can I say? My question is About the weekly GDX And I actually can't In words describe Or interpret what I'm looking at 9 this week But the pricing isn't below 5s close So We'll have a negated Tom DeMark 9 bottom No so let's take a look at it So great question So here you're talking about this middle chart here I'm going to go ahead and expand it out And if we take a look at this What Larry's talking about Is that if this week's bar closes below The close of bar number 5 That's the first thing to take a look at Or one of the things to take a look at That close On bar number 5 On a weekly basis was 2559 So in order for bar number 9 In order for this pattern to even form out here Bar number 9 has to complete So the GDX at the end of this week Would need to close below that level So before I go on I want to make sure That that is clear to you Okay I was doubting myself But okay so we don't have a Tom DeMark 9 In the bag yet Right okay So we really wouldn't have it Let's just say that price did close below Bar number 5's close So that price out here Is 2559 Let's say it closes at 2549 We would get bar number 9 We would have a TD9 count But we would not have the type of TD9 count That identifies the bottom And the reason is Is that in order for that TD9 count To identify the top or the bottom The low of that pattern Must form on either bars 8 Or the bar following bar number 9 Now because this is Go ahead go ahead No no I knew you would understand What the heck I'm confused about Okay that's good thank you Now let's say we get this Let's say bar 9 actually completes this week Because we know that on the TD9 count That bottom needs to form on bars 8 9 to the bar following 9 Next week will be the bar following bar number 9 So all that it would need to do Is spike below that low from bar number 7 In order to get that pattern out there And that low was 2438 out there But price is doing right now It's just consolidating with inside It's weekly profile and the resistance area Just to provide that to you and all of our Other listeners is up to the 2799 level out there Does that answer your questions about The weekly chart? Yeah I didn't know how to interpret it Honestly and can I just ask you About the monthly chart as well As long as we're on the phone Yeah you've got the microphones George go ahead Okay thank you You know when I look at the monthly chart In general I understand we're trading a counter trend You know move But when I look at the lowest Task profile around 22ish And I do a channel in like that Fellow Bud Ralts taught us And the spike up in April Closed above the channel And it's odd If there was a spike below the channel It would pretty much target that 22 dollar Task Do you include that thinking in how You're looking at things or you don't So let me switch charts here Because it's easier for me to draw channels On the black background chart It's just an easier tool too So what I don't know is which channel So I'm going to draw some channels in here Are you able to see us on Tiger TV Yes The channel would start basically You know at the closing price Of July in 20 And then in 20 That's the channel top So I'm drawing in a channel right now The closing high I mean the close So if we were going to use Buds tools and techniques out here And see if this is matching up with What you were saying I'm showing a rising price channel Now in Buds terms For those folks that aren't familiar with Bud Larry is out here What we use is we use the body of the candle We're looking for the largest number Of co-located opens or closes We want to use the body of the candle As opposed to the wicks out there Larry we're going to a break I'm going to ask you to please be kind enough To hang out and we'll come back And we'll answer any questions you've got About channels or anything else 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 metals 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 The XAU, 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 TFNN is excited about our new software charting program The art of timing the trade charts In collaboration with Tom O'Brien And using his best selling book The art of timing the trade Your ultimate trading mastery system David White has programmed an outstanding piece of software That will complement any trader's methodology Using this first of its kind program The art of timing the trade charts Allows you to scan thousands of stocks For Fibonacci formation setups Including Gartly's, ABC's, Butterflies And much more The art of timing the trade charts Is designed to help you when scouring the markets For stocks just beginning to form the trading patterns That many investors spend days, weeks Or even months searching to find And right now we're offering licenses Available at only $79 a month 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 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 dry, tedious text either TFNN airs live financial content Streamed live on TFNN.com And TFNN's YouTube channel with Tiger TV Live every market day from 8.30 a.m. To 4.00 p.m. Eastern 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 On TFNN's YouTube channel And become the investor you were born to be TFNN Educating investors This segment is brought to you by Think or Swim For more information, just click The Think or Swim banner on the front page Of TFNN.com Welcome back folks, we're on the phone With Larry and Wyoming. We're taking a look At the GDX monthly chart out there And Larry's questions is about some channels That were interesting to us by I guess I'm referring to the sub-channel Down I thought so I mean, I guess the 221 And the 1121 Lowes of those bars would like anchor it And then, you know, you move it up And you can see an exaggerated move To form the March of 22 Or April of 22 And what I'm saying is If we get an equivalent It lines up nicely with the Well sure, I do So what are the things If we take a look at the rising price channel Which price hit last month out there And pretty much stopped right at it Which is above that market profile area If we take a look There's also an A to B equal CD pattern To the downside So you're referring to C point I was assuming you're referring to An A to B equal CD pattern Yeah, the C point that occurred In April of 22 Right, so 41 I'm sorry, 2465 Was the one to one price projection level And what price got down to last month Was 2438 Now what needs to occur In order for a monthly Gartley buy pattern to form Is we need to see a bullish reversal candle We don't really have that just yet But the month is not over So we'll see But if this area fails Then the next A to B Equal CD price projection level Would take us to 2004 And that gets you close to that 2210 Bottom of that profile out there And maybe that's what's going to unfold Larry, I mean as you were pointing out On the weekly chart We really don't have a bottom pattern there And on the daily chart we do But the daily is struggling At resistance levels And so resistance levels are at the top Of those profiles But the top is basically the same level 2735 out there So we really have kind of a Consolidation on a daily basis Out here So my last question Steve Is exactly what you're already pointing to But so if you see a weekly chart Without really a true It's got a bottom But not a Tom DeMarc nine bottom Do you Show More for the daily Tom DeMarc's not fulfilling their end points Or how do you You don't think that way You don't combine weekly with daily No, no Saying that the weekly not reaching Having a true Tom DeMarc nine Might influence Not achieving a Tom DeMarc nine On the daily That's not appropriate reasoning Well, no it is Now I wouldn't just be using just a TD nine count But it could be another pattern Like the A to B equal CD that we looked at And so I think the monthly chart Is the one and thank you for even bringing it up Because it completed the one to one If we get a bullish reversal candle That would be a nice solid bottom Now the reality is the four or five Different tools are used to help us Identify tops or bottoms When they're present They help us to pay attention That doesn't mean it's the only patterns That identify your top or bottom If you don't have one of the signals That I'm looking for What I then defer back to Is okay what's going on with regard to profile levels If price is able to take out resistance The top of a profile For whatever the time frame For that specific time frame It's signaling to you and I That there's a change in trend Now if it was a change in trend On a daily basis we then would have to Move over to the weekly as an example And see where the resistance level is If that resistance level fails To say that the patterns that I use Are not always representative of a bottom Or a top inside a market And that's why it's nice to be able to look back to Two things It's nice to be able to look back to the To the TAS profiles The other thing that is nice to move back to And this is going back to the first part Of our conversation Even if we do get a weekly TD9 Come Bar number nine form somehow this week out there What it will then do Is it will establish for us on a weekly basis The resistance level So that helps us And as we look at the daily time frame chart We can see we're up at the top of the week Daily profile We're up at the TD9 Breakdown level of 2761 So if we do get two consecutive close About 2761 hopefully that's showing It is now sorry about that If we do get two consecutive close About 2761 It's going to signal a change in trend At least for the daily time frame Is that answering your questions Come to mark nine weekly count You'll just defer to the daily Until that runs out of steam or whatever Yeah, okay Yeah, along those lines Along those lines I appreciate it I just, you know, the more you do this More questions you have actually So I'll give the master a ring You know I'll expect to hear back from you I'll expect to hear back from you All right Larry Thank you That was Larry in Wyoming Let me get to a couple of questions Can I say I've got like five, six or so So let me get to these This next question Coming in from David H And Dave wants to take a look at Mosaic M-O-S is the ticker symbol out here Now David's question Is Mosaic forming an A to B Equal city up pattern on the monthly chart What's the average true range price On a monthly base Okay, so let's go back to actually The black background charts out here Equal CD pattern out here So we'll get Mosaic pulled up For our three different time frames out there And as we pull up Mosaic That's writing into the question So the question is Is there an A to B equal CD pattern So what he is looking at From a monthly standpoint Is the A point being down here At the low From the month of March of 2020 The B point would be the high That took place in April of 2022 Yep, and the C point Being the low out here from the month of July And the question is I'm going to make sure that I've got the 40 Yeah, okay, perfect So the question is Is it in an A to B equal CD to the upside The answer to that question is We won't know until the B point gets taken out That's 79-28 We could draw the pattern in We can't get married to the pattern And automatically say Hey, this is absolutely an A to B equal CD Out there So those lows are 60-71 And volume is more than 178 million shares Now what you'll have to do Is you'll have to do a mathematical equation To figure out what the volume Straight line volume might be out there But if you're pushing into a swing point With volume Which is basically what I'm saying out there Then that's a pretty good suggestion That you at least go get to the top And maybe you're going to take that top out But no on a monthly basis I could not say that Mosaic So you go on and say For a longer-term trade If the above is true Which I'm saying it's not What do you think about entering the trade here And putting a stop below 42.50 Should the stop be higher Well, you're also asking about The average true range out there So I'm going to actually just take the daily chart And the upper left first I'm going to answer that question And put that to monthly The monthly average range is $10.07 So if you're going to go with that strategy Simply or what it should do Is simply impact your position size And folks position size If you're not familiar with that Please get familiar with it It's one way that will save you in the markets No matter what happens out there Position size That is the golden rule out there So what you do is you take your trading portfolio The available cash Multiply times 1% If it's $10,000 That would be $100 out there That $100 is basically your risk Whatever your stop is In this case, here would be over $10 You divide that stop Into that $100 That tells you how many shares you would buy Steve Roach with TF&M 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 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 And stock prices Get the opening call newsletter With Basil Chapman and 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 The technology around us is changing every day With so much happening It can seem impossible to keep up with all the information David White's investment newsletter The technology insider Is designed to give you all the information you need To understand the technology David White has made his living Staying on the cutting edge of technology His weekly newsletter will give you specific recommendations For value tech stocks As well as entry prices, target prices And stops to set for each trade Dave delivers his weekly newsletters Every Friday With updates throughout the week You can get the technology insider At TFNN.com For only $37.50 Sign up for David's newsletter The technology insider Try it risk-free today With our 30-day money-back guarantee TFNN. 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 directioninvestments.com today An investor should consider Directives, 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 To obtain a prospectus or summary prospectus This program is brought to you by Vista Gold Traded on the NYSE American NTSX under the symbol VGZ Welcome back folks We're taking a look at Mosaic out here I want to answer David's question So David is basically saying Hey, I'd like to play a momentum move Just jump on board and use a wide stop out there I'm going to stop you from doing that right now The reason is because we look at the weekly chart We can see the prices up at resistance That's the top of the profile So we know where sellers are hanging out in Mosaic On a weekly base, intermediate term timeframe That's at 55-77 Now if price closes above that Then I'd say okay but you're up at resistance Now when we get up at resistance For example on a weekly basis I like to go look at the daily timeframe See if there's any kind of topping signal And while there is We are in wave number seven That's letter G Basil did his workshop yesterday I'm sure he covered wave number seven Now you have to have a lower high That forms in order to actually confirm And extend But because we have that wave seven And the weekly is near resistance Price should once that pattern gets confirmed Pull back So your entry area here David For that position Would be the daily green oscillator And change on which is currently printed About 51-60 Now I prefer for the daily timeframe chart To not get back below It's the top of its profile out there But sometimes you can't always get what you want You got to take what you get out here To the A to B equal CD To the upside on the monthly basis Can't confirm whether it is or it isn't We can draw that pattern in and hope that it is But we have to really look at the other timeframe See what's going on there to assist us With that set of signals out there So hope that helps you out And thanks so much for the request Next question coming in This was from last yesterday afternoon That we didn't get to and this is from Cause Cause wanted to take a look at Nike out here And I think it was just to review Nike And get a feel for what it is doing So right now we've got Nike Which is trading above Or appears to be trading above the top of its daily profile The top of its daily profile Is at 134-45 And we're one Well that could be right It could be right 114-45 There we go Stevie's eyes So we are trading just above that We're 114-61 And the resistance there is 116-53 Got a nice roachment and indicator bottom So I would say that if Nike Can close above 116-53 On a weekly basis Not on a daily timeframe But on a weekly basis That is signaling that price wants to move higher Now move higher to where You can see the A to B equals CD patterns Inside of Nike There's no bearish reversal candle at the moment If one were to form that would generate What price should do That means if price can close above 116-53 As price should move up to its TD-9 cow Breakdown area From its daily timeframe 123-82 Is the target there So that's what I see when I take a look at Nike Cause Thanks so much for being patient And waiting a day for that The next question is for Berkshire Hathaway BRK I can't remember if I do a dot B On this set of charts No it didn't like that I don't think that might pick it up So Berkshire Hathaway And this is for Harvey And I think Harvey just wanted me to take a look at What was going on And just relay that information So we're going to do that here momentarily As soon as Berkshire Hathaway There we go it's up on our screen So on a On a daily timeframe Berkshire Hathaway Formed a TD-9 cow That low of the pattern formed on bar number 8 So that's the valid bottom that's in there That's the low of the pattern That did confirm So this confirmed a Gartley sell pattern It did that on the trading day of August 1st When it generated that bear sash candle Now what price didn't do Was it never got back below its oscillator And change line Now it is green right now And pricing and oscillator and change line Still may tag each other And that started around the 291-28 Level price at 296 If price test and rejects that level That would be Harvey If you're trying to do that And that would suggest to move up to 312-80 Now if price closes below the oscillator and change line Then your buy area would become 285-49 And if price closed below 285-49 I would exit the position If I was long If I look at the weekly timeframe chart It too formed a TD-9 cow bottom And price right now Is dealing with its profile The bottom of its weekly profile For Berkshire Hathaway The bottom of that profile is 297-02 So we really need to see Two consecutive closes above that To then suggest higher price out there So with regard to Berkshire Hathaway Let's sum it like this on a daily basis It has a Gartley sell pattern They sell the D point Price and the oscillator and change line Should test each other If that test results in a test and rejection Then that suggests that Berkshire Hathaway Should move higher 312-80 Being one of the targets But we can see resistances So please, thank you for being patient And waiting as well Next question coming in from Alton Alton says, hello, Steve You talked about Disney and Google You were sounding very choppy While analyzing them If you have any time You'd like your analysis So we got rid of that chop out there And I do apologize for that My system had just simply updated It screwed up the settings inside The software that we use But let's go ahead and get Disney There's about what I said yesterday And we have a gap to the upside out here So in the case of Disney What Disney's suggesting To you and I, it is above It's a teeny nine count breakdown level On the daily time frame And that suggests that what it wants to do Is move up to the next breakdown area And that's at 127.35 On the weekly time frame Price is trading above its weekly structured Weekly bearish structured profile I'll get that out Now, it's only Thursday So if you guys close above 115.39 Then what that will be telling us Alton is that This is a change in trend It has a nice rose momentum indicator Bottom for the weekly time frame It had that for the daily time frame There is a confirmed by the Deep point pattern, I believe For the monthly time frame So that would suggest to move up to 13359 So the targets to the upside for Disney 127.35 And 13359 Is at 134.60 We have a valid bottom That change color Price in that line should test each other So hope that helps you out with regard to Disney Let's put up the charts here for Google G-O-O-G Let's see what they are communicating to us And this is again for Alton This is question number two Come on, Stevie There we go So in the case of Google, what do we have We've got price dealing with resistance At 1265 If price can overtake 1265 Odds favor That price will run to 13192 To 132 Yeah, 132.94 level Those are the daily and weekly TD9 account breakdown areas So 1265 Is the real key level That price needs to overcome And that would take us up to that 132.131 Really 132 area out there So hope that helps you out Thanks so much for the request out there John in the tiger's den writes on Steve, as you see it Is the NDX NQ at risk of topping Right here today On a full moon So let's answer that question I think we're going to answer that When we come back to this break Here only because For me to get the NQ charts up on our screen It's going to take just a few moments Okay, so we're going to fire those up We'll come back with our eight panel We're going to take a look at Pan American Silver URA COP And I don't know that I may get to all those But I certainly will get to those Tomorrow for you But we'll do the best that we can Steve Rhodes with TF and M We'll be back in just a few Vista Gold owns and operates The largest undeveloped gold project in Australia The Mount Todd Gold Project Vista Gold just completed their Feasibility Study By BC Capital Market Assistance In evaluating alternatives And in completing and accretive transaction Vista Gold trades on the NYSE American And TSX under the ticker symbol VGC Vista Gold executing a strategy To create shareholder value You might think that if you want to be Successful at trading in the stock market You're going to need a crystal ball 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If we look at the weekly timeframe chart For our screen, we can see that price Is dealing with a channel Trendline type resistance So you're at a resistance level there The daily is dealing with resistance Which is the top of its daily profile The top of its profile is at $13,419.25 So price needs to close above that To suggest that the move higher Is going to continue So your resistance on the daily Resistance on the weekly Top out there If price gives you two consecutive closes On a 30-minute timeframe John below $13,406 That's going to suggest a run to $130,070 On a 60-minute timeframe I don't have a topping signal per se On a 120-minute I don't have a topping signal either The $240 Potentially could form a TD9 count top But that's not likely Unless we see a rally from here Because price has to close Byer number five out there But the five-hour chart Is showing the potential for Rogement and indicator top Now this is going to close at 2 o'clock This is a bar that's in place out here John, so we really have to come into it What needs to take place In order for the NQ To suggest that there is a top So I can't, you know We got short-term topping signals The 30 and the ES had all kinds of Topping signals out there We covered that during the break So does price need to close above To tell us there is a change in trend That change in trend to the downside And the answer to that question Is that oscillator and change line Whether it's red or green We can see that price is pulled back each time Has tested and rejected that level The momentum continues to be To the upside But if price flows below $13,128 Or thereabouts the number is going to change Then the momentum to the upside Will have failed Until then, don't really know I'm sorry that I was not able to get to Pass, Uranium And COP for HD LB and Hector and Patty But we'll definitely get that on our list To cover for you tomorrow Folks, stay tuned You got great programming up And I will see you on Fantastic Friday 11am sharp Have a terrific Thursday, folks