 Sign up today. The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. 877-927-6648. Or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the magical Monday, the June 8th 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, well, it's to always remember that life is happening for us, not to us. That's right. 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 those bulls and bears, what those buyers and sellers are communicating to you. And I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here. But much, much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648. If you can't dial in, we've got you covered there, too. You can always let those fingers do the walking. Send me an email, Steve, at tfnn.com. Inside the subject heading, please put radio show question. And in our Tigers Den, well, any ping will do. So let's go ahead and get this show started on magical, marvelous, magnificent Monday. Of course, this is Tiger Financial News Network. Welcome to Let's Show. Now, we got most of the indices in the green. The two that aren't are the semiconductors. They're off 20 points. That's a little over 1%. And the Nasdaq 100 down six points. So we'll basically call that flat. The Dow's up 250, just shy of 1%. S&P 14 points, about a half a percent. Russell's up nearly 2%. 28 points straight out of 1535. And the most interesting man on the planet, that's G7. Because he figured it out. And he said that he showed me that the most interesting diverging pattern that was present on Stevie's charts out here is a rising VIX along with a rising S&P 500. Now, one day does not make that divergence. But let's just go check it out. The reason, let's see if I can find our charts here that will show what we want to share with you. I guess it's back just a little bit further. Where is it? VIX, VIX, VIX. Okay, so it's not back all that way. Sorry about that, folks. I thought it was handy, dandy. And instead it is hiding, smiting. Lord, where is it? Am I just... Here we go, VIX primary. There we go. So here on this chart, let me just kind of scrunch it a little bit. Scrunch is a technical term for you, technology, technologists out there. If we take a look at... So the bottom portion of my screen, I'm just trying to pull it back so you can see several different examples of it. And you're looking at the bottom portion of my screen is the spot volatility index. And here you can see rising... The green lines, the green diagonal lines are showing us rising bottoms. The upper portion of the screen is the S&P 500, the cash in the sea, showing us where we have price moving higher, but we also have a rising spot volatility index. And should that continue, that's an indication of some type of retrace. But now the larger retracements are ones, and you can get this, you already know the answer to this, which ones are the larger ones? The ones that turn into a larger, more than just retracement and correction. Exactly. The ones where we see a rising VIX and then that VIX gets above that 50-day exponential moving average. So we don't have that right now. The 50-day exponential moving average is 33.23, but it is a very interesting pattern to continue watching and observing out there. Otherwise, it's just... There's nothing much to talk about. And I don't have any requests by email. Nothing inside the Tiger's Den. I don't know about the YouTube channel. The guys in Production Den will... Production Room will let me know if we've got anything. So let's just focus on the markets in general, the indices out here. Let's start by taking... Let's focus in on the S&P 500, the ES Mini at this stage of the game, since that's the pattern that we had shown you. So let's start by taking a look at the 30-minute timeframe out here. And on the 30-minute timeframe, we're going to see a Rogement Dementicator top that has cap price. That took place at 200 hours. That is what? That is 8 p.m. This is last evening. Price is moving higher to a less relative energy. Rogement Dementicator. We also had a TD-9 count top. It was bar number 8. That was at about midnight on June the 5th. No, that was 12 in the afternoon on June the 5th out there. So there's your real resistance wall. These highs at the ES Mini has not been able to power through. At the same time, it hasn't been able to power through any levels of support out here. Even if it's the bottom of its daily... Not daily, it's 30-minute timeframe profiles out here. So real tough time struggling up at the highs. Maybe that's really what the folks in the spot volatility index are noticing as well. Something to think about. Let's take a look at the 60-minute timeframe. Let's go take a look at four or five different timeframes. Get a overall picture for the S&P futures contract. You'll see on the 60-minute timeframe it also has a Rogement Dementicator top out here. So again, just another indication of price struggling to clear the current highs. If we take a look at the 2-hour timeframe chart, any patterns out here, there's a TD-9 count pattern. Bar number 8, that is the high. Price not being able to take that out. So there's your topping signal on the ES Mini for its 2-hour timeframe. If we take a look at the 5-hour timeframe, we're going to see price be getting to move higher to a less relative energy. We've got a TD-9 count pattern that is formed out here. We've got a bearish, structured 5-hour market profile out there. So we can just see. You can feel it, but you don't have to feel it. You can actually see why the ES Mini is struggling now. On the daily timeframe, doesn't appear to be much of a struggle. So if we go out to the larger picture, what I say not much of a struggle, what I really mean there is we don't have any kind of a topping signal. We did on those short-term timeframe charts. But when it comes to the big daddy of them all, the daily out here, we're only in bar number six, wave number six as well. That's the letter F on my screen. And with price straightened above Stevie's green line, which is 3108, there's every possibility until there's a bearish reversal candle that forms that price wants to go target 33.9775. You're at 3208 as we speak right now. Let's go take a look at the weekly timeframe chart out here. On the weekly timeframe chart, there is no sign of a top as we speak right now. Even if we spoke later today, there's not a sign of a top. Even if it's tomorrow, we don't have a topping signal. It doesn't mean that it can't top. It just on the weekly timeframe, we don't have such a pattern out there. Now that's different. We take a look at the NASDAQ. NASDAQ is basically flat. It's off one point out here. But if we take a look at the weekly timeframe chart, we do have a topping signal. We have a topping signal. That's that TD nine count pattern out here. That completed last week. Even if we have a higher high this week, which we do at the moment, I believe we do. Remember it can be the bar following bar number nine, such as the high that was back out here in February. It was the bar following bar nine that identified that topping signal. Price was also moving higher with less relative energy. We don't have that pattern at the moment. So on the weekly for the NQ, yeah, we've got a topping signal. How about on the daily timeframe chart? See, we're kind of going in reverse order here. In the daily timeframe chart, we're in bar number eight of a TD nine count pattern. So it could be bar eight, could be bar nine, or the bar following nine. So the NQ is saying, and this is struggling, there's going to be a top. It's going to occur between today and Wednesday. And the week says, hey, I can second that motion. Steve Rhodes with TFNN. Be right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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New TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Questions out here. The first one was to take a look at the Netflix, I believe. And so let's go. Okay, let's... Alright, hopefully we get audio. We got audio in the den. Bose, Dan out there, I hope so. I hope so, I hope so. I hope so. Good, good, good. Okay, great. Sorry about that. So we were taking a look at Netflix as we came back from that breakout there. And we're looking at the daily timeframe. And on the daily timeframe, May 19th, generated the Rhodes Momentum Indicator Top, the shooting star bearer, the golfing candle that had formed. Now, what Price did was a price was pushed back through support, broke the first level of support, which was its daily profile back on May 22nd out there, continued to move lower. Price is now trading inside its bullish... You don't see my charts? Holy cow. Bowser, okay, let's get this out here. Okay, sorry about that, folks. And sorry for the repeat out here. Now you can see the charts. Here you can see the Rhodes Momentum Indicator Top out here. And we can see that currently there's a bullish structure and profile. And as long as Price can hold 4108, then we could see Price make its way up to the top of the profile or Stevie's green line. 430 to 434. Should you see a close below 4108 and certainly two days, two bars closing below that, then where Netflix is headed to is 361.71. Other than the bullish structured profile out here on the daily timeframe, if you're asking me where it looks like Netflix is headed to, it's that 361.71 area that breakout level on the daily timeframe. Let's take a look at the weekly timeframe charts. Get a feel for what it's communicating to you and I. There's an A to B equal CD to the upside that we could easily draw in here. And that was confirmed, sell the deep point with that bear sash candle from about four weeks ago. Price is trading now below Stevie's green line. That's 420, basically 421. We'll call it 420 and change out there. And this is suggesting that Price could pull back to 298.63. So the weekly chart isn't generating any signal different than really the daily timeframe out there. And I know this is with regard to some call options that you have out here. So in on the monthly timeframe, we are in wave number seven. That's letter G on my screen out here. Price is moving higher doing less route of energy early into the month. So it's kind of hard to make a call here. But at this stage here, yes, look, support is held at 410.08. And you'd have to say resistance at 434. But more likely than not over time, it looks like it's headed to the 361 level out there. So that was the first request. Another request, I believe, was a request inside the Tigers Den was to take a look at vertex pharmaceuticals. Gee, I'm kind of multitasking here. So let me pull over vertex pharmaceuticals. And let's get a feel for what it's doing. Same thing. Let's start with the daily timeframe. Daily tops with wave number seven. That is letter G on my screen. That was May the 18th. And then price immediately pulled back to test its breakout level of support, 256.01. We can see how that held on May 27. Then it bounced back up to the highs. So this has really just got this little consolidating type of pattern. You're trading at 264.22. The daily timeframe says there's no reason for this to not go tag 256.01. You see a close blow, 256.01. Vertex pharmaceuticals is saying I want lower price. 209.43, which is what the daily timeframe would show. On the weekly timeframe for vertex, what do we have? We've got a TD9 count topping pattern out there. Bar number eight, price below Stevie's green line. Vertex pharmaceuticals headed back to at least the bottom of its profile. That's 254.15. More likely than not, it's the 220 even, Stephen. That's courtesy of the weekly timeframe chart. On the monthly timeframe chart, Vertex pharmaceuticals, you know what I'm saying? I don't. But Vertex pharmaceuticals for the monthly timeframe, also a TD9 count top out there. And this is suggesting 243 and change on the pullback. So with regard to Vertex pharmaceuticals, looks like the move to the upside is over for the time being. The next request out there was for Gillian. So if we go take a look at it, GILD is the ticker symbol. So let's take this, take a look at his daily timeframe. Boy, Big Q's Roadsman Dominicator top way back here on March the 18th. Price was never able to take that level out. This is the daily timeframe. What do we have as far as signals, signals out here? You know, as long as price dates above Stevie's red line, 75.85, the top of its daily profile, 76.40, there's no reason why this can't make another run for, you know, the highs in the 84s type range out there. So the daily, let's see what the weekly timeframe chart is suggesting to you. And okay, so on the weekly timeframe chart, it's saying, hey, in order for Stevo to have properly read the daily timeframe chart, price needs to get above its weekly green line. And that green line number level 77.56 we're trading below right now. Roadsman Dominicator top is in place out here. And this is suggesting to us that as long as price is unable to hold Stevie's green line on the weekly base, 77.56, 70.88 to 62.38 is its price target. On the monthly timeframe out here, we can see this thing at top quite a while ago with a Roadsman Dominicator topping signal out here. And then as price moved back, you can see the TD9 count that it formed. What was important about that TD9 count that it formed out here in the monthly timeframe was the resistance level of 88.85. We can see how price got up to that area. And then just simply boom, shebang, the whole nine yards out there couldn't bust through it. So now price is trading above a key level, which is 70.30. So if it can hold 70.30, maybe just consolidated between that and this 88.85 level. But a close below 70.30 opens up that door for 46.70 longer term for Gilead Sciences. So I hope that that helps you out. That takes care of, I believe, all of the requests in the Tiger's Den. If there's other requests out there, please feel free to go ahead and type those in and we'll get to those. Hey, Production Room, many requests out there in YouTube from our YouTube listeners. I'll continue, take a look at the charts out here. Let's go take a look at the Lightsweed crude out here. To look at Lightsweed crude, we can go take a look at all of the forward futures contracts, get a feel, not just for where it is trading as we, where did I put it, right here, where it's trading right now for the July contract, which is 38.17. But you're going to see July, August, September, and October. So you're seeing four different charts at the bottom of my screen out here. See how each of those are trading. And right now, let's go take a look at my other daily, well, a couple of different charts out here. So here's what we see on the daily timeframe for July. We see an A to B equals CD pattern out there. And the question is, is there going to be some type of bearish reversal candle to confirm the Gartley sell pattern? So as we speak right now, we don't have that in play out here. Let me pull over my other daily timeframe chart out here. We can see that today is going to be, well, should be bar number seven of a TD9 count. We can see Stevie's red line turned green. And that's at 35.49. So price could pull back there. But if it pulls back there too quickly, it'll negate this TD9 count pattern. Things are still bullish in Lightsweed crude land. We'll finish this off. We get back from this break. Steve Rhodes with TFN. Back in the day, I joined the Hotel California in 2006. And like many of you, was drawn in by bam, as well as Whatever you think about, you bring about whatever you focus on grows. You see, I believe that everything in life happens for us. Not to us. And Tom ignited the fire within me to want to learn how to master the markets. So how did I go from knowing nothing about technical analysis to becoming the number one market timer for the S&P 500 in 2018 to becoming the number two market timer in 2019? Simply put, I hired coaches with a proven track record which led me to a whole new set of tools that I created to interpret the message of buyers and sellers. I would love the opportunity to teach you this award-winning set of tools and help you improve your market timing. You can test drive my newsletter service, Mastering Probabilities, for the next 30 days with no risk to you. Plus, you'll gain access to archive workshops that'll take you step-by-step through my system. 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See for yourself the types of options and equity trades that are available by signing up for The Path of Lease Resistance today by visiting the front page of TFN.com and selecting the newsletter tab. Sign up today! 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 TFN.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 TFN.com Welcome back, folks. So in Lights We Crewed, you can see July 2020 out here. That is the active contract as we speak right now. At least for the next 10 trading sessions. We can see a pretty decent amount of volume inside August, September, and December out here. Back on the July contract, you can see a nice little descending trend line. The 1 to 1.6188B equals CD, which is $41.71. That's really the price target unless we see some type of bearish reversal candle today. We may. We can see at $43.15 happens to be the breakdown level, this for the July contract. For Lights We Crewed. So that really becomes your target area. So the target area right now, unless a bearish reversal candle forms, that is the 3 area. That is Lights We Crewed. Inside the YouTube channel, we had a request to take a look at Boeing out here. So let's go take a look at it. BA is the ticker symbol. Let's begin by taking a look at the daily timeframe out here. In the case of Boeing, let's see where the resistance area is 297.44. So this is going to be in bar or bar number 6 of a potential TD9 count pattern. This is the place here or snow topping signal in place here. So we're trading at 228 and 297 looks to be the target. That's in the daily. The weekly timeframe here for Boeing, what does it show? The weekly timeframe doesn't show me much. It doesn't show me anything that would negate what we said about the daily. And on the weekly timeframe, the weekly timeframe says a price could make its way up to Stevie's Green Line, which is about the 279 area. So I believe that was for Yvonne. I hope that that helps you out with regard to Boeing. We've got Mike on the line. No, Ray and Sarah Soda. Ray, thanks for calling. Thanks for holding. How are you? Doing well. In terms of support and resistance. Sure. My recollection, you're a long-term holder of this? Both. I have a trading position and a longer-term position. I sold some calls against the long-term position when it was up higher. Got it, okay. So we take a look at it. One of the things that you like today is the fact that it, as long as it can stay above 478. And that is suggesting that price wants to move to higher ground. You asked, I believe you said ask where the next resistance levels were? Is that correct? Yes. Yeah. So you've got one at about, it's interesting, you have one certainly at 638, okay? I need to go back to one of my other charts out here because I'm a little confused. So I'm going to clear up the confusion on my end and to give you what those daily profile levels are for Nordic American tankers. I want to give you that. Yeah. So the next resistance level, God, this is really weird what my system is doing here. Sorry about that. That doesn't impact you, but it impacts me. Okay. That's why I couldn't see it. So there was a brand new daily profile that formed out here, Ray. And prices above that. And so that is a bullish message out here on the daily timeframe. So where price had broken down recently was at the figure that I gave you, which was $6.38. So that to me looks like where price is headed to. Now that's on the daily timeframe. As I switch over to the weekly for you for Nordic American tankers, I don't really have a key resistance level. Well, I take that back. $5.67. But I think the daily was a bit higher, wasn't it? $6.38. Yeah. So I like the $6.38 to me when I take a look at the charts. That's what makes more sense is that is your key level of resistance. And in the monthly timeframe, it's $8.68. So yeah, that's what Stevie's going with. The charts are telling you $6.38 to $8.68 out there. A clearing of $6.38 gets you up to that next level, obviously. Does that help you out? Excellent. That helps a lot. Good numbers. Perfect. Perfect. Okay, you bet. Thanks for calling. Best of luck. And we'll look forward to speaking to Ray and Sarasota again out there. I believe there was a request to take a look at... Shoot. Oh, the question was, what do I think about the IWM? Let's go see what the charts say. And with regard to the IWM, hopefully it's okay to take a look at the equity future contract. Okay, good. I think the answer was yes. So we're going to go do that. Now, in the Russell 2000, what I want to first share with you is take a look at the weekly timeframe. So in the weekly timeframe, much like we looked at inside the NQ, we can see that last week was bar number nine of a TD9 count. We can see that this week, we've already seen a higher high out there. That's okay. Remember, these TD9 count patterns, the high or low of the pattern, K to current bars eight, nine, the bar following nine. So this is set up on a weekly basis for a potential topping signal this week out here because the bar following bar nine. Now, if it doesn't, in other words, we make a high this week and then you see a close above that high next week. Well, then that would be very bullish out here. If we look at the daily timeframe, though, to go along with the weekly topping signal that we have, first, we can see the Gartley buy pattern. That clearly marked a bottom out there at 11.74.90 with that three river morning star pattern. And now price is trading right into its breakdown level at 15.20.10. Now we're at 15.36 out here. Mike, I think was Mike that had asked about this. If not my apology and whoever asked, you can see price trading into its breakdown resistance level. And also it's either in wave three or wave seven, G or C out here. So G is a topping signal. From a TD count, we don't have that pattern out there. There's clearly an A to B equal CD to the upside. You know, every Gartley has five potential outcomes. The fifth potential outcome is that the Gartley pattern turns into a new A to B equal CD. So as we draw that in here, you're going to see that the one to one level is up at 1,640. So that may be the price target out there. That would just be your one to one A to B equal CD. But the daily's got a topping signal. Wave number seven. Remember that that can't be confirmed until there's a lower high. So the earliest confirmation on that would be at the close tomorrow. I'm not saying it's going to give that confirmation until that's the earliest timeframe where you could get that signal. So if you're asking, what do the charts tell us about Russell 2000 right now? It's got that topping signal in the daily. It's got the topping signal on the weekly out here. But in the daily chart, we need a confirmation. So prices doesn't, we don't see a lower high tomorrow. Wave seven will extend itself. And price may be targeting the one to one A to B equal CD in the 1,600 level out there. If I look at a short term timeframe, just for the heck of it, see what's going on. Let's call it the 30 minute timeframe here for the Russell 2000. That way I get to everything. We've covered both sides. I guess what I really mean when I say everything here, we're going to see what we're going to see prices moving higher, doing with less relative energy, a TD9 count out here. So for the day, the Russell 2000 may be over as far as the move higher. It's just struggling to get through this level out here. And that's what does DVC is for the 30 minute, the daily and the weekly timeframe. I believe we've got a couple of requests that came in by email. So let me switch over to those here. Hector and the fuel injectors want to take a look at ticker symbol. M-I-K, I believe it is. And where will M-I-K find resistance or support? So let's go ahead and type in M-I-K, M-I-K, M-I-C. That's fine. In any event, here's the deal with regard to Michael's company out there. Is that the thrift store? Michael's? Must be. Probably. Might be. Trade above the daily. Trade above the weekly. And trade above the monthly profiles. Michael's and company. Brick and mortar store. Suggesting that it wants to move to higher ground. We come back from this break. There's a lot of charts and more detail out there. Of course, I want to hear from you too. 877-927-6648, Steve Rhodes with TFNN. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com TFNN has launched our brand new website. 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Now this is the, we're going to go work in reverse order here. I've got the monthly timeframe and the monthly timeframe. We can see that when this bottom it was with wave number seven that is letter G. You see a couple of G's on my screen out here. And now price being above Stevie's red line at 441. I'm going to suggest that this wants higher price. Now over the course of the long haul this could be targeting its breakdown level of 21-11. But you've got a valid bottoming signal on the longer term timeframe, the monthly chart. So that's a winner-winner chicken dinner. We can see on the weekly timeframe chart when this thing moved lower it was bar number nine of a TD nine count pattern. So that's a beautiful thing. Now this suggests caution. I'm not suggesting at all, Hector, that you enter a trade now. The reason why I say that is last week was bar number eight. This week is bar number nine of a TD nine count. That's not to say that the high can't occur or won't occur with a TD nine count pattern. But these patterns when they're present, you know, there's times that to take a trade, not take a trade, tightness stop and so forth. And so when you get those topping signals, them would be one of those time periods. So you're in bar number nine right now. Now the beauty of this week is that price was able to get above 652. That was its breakdown level. And so price may be targeting 11-10 out here. It's at 818. I know, hey, 818 to 11-10, that would be a good trade. I just hate to see you do that when we are in a confirmed TD nine count top. After all, it was a TD nine count then that identified the bottom as well as roads meant to Mindicator bottom signal there. The daily timeframe shows this as bar number, the bar following bar number nine of a TD nine count out here with resistance at 853. It looks like price maybe got up to that level or close to it. You're at eight and a quarter right now. So again, another resistance. Now it's strong because look at it. Look at how price is being able to crush these resistance levels here. So there certainly is demand for the stock, but I can't give you the, if you're in it, you stay in it. But I can't suggest initiating a trade right now on retracement. Sure, but we have to start to see what the retracement would look like if in fact they take place out there. So I hope that helps you out Hector and Patty with regard to Michael's company. I guess I could have looked it up to see if that was actually Michael's retail stores out there, but at this stage here, we'll just go with it. Had a request to take a look at Walmart. So let's go take a look at WMT out here. I believe that is for James and James saying we'd like to go along Walmart looking for a pullback and an entry. So we'll just stick on the daily timeframe out here for Walmart. And in the case of Walmart, even though I can't draw it in here, we can see the A to B equal CD pattern that was confirmed with the bearish engulfing candle out here. In the case of Walmart, that might have been, that was a butterfly expansion pattern. We can see that it bottomed here with a TD nine cow pattern. Price makes its way all the way up to the resistance level. That breakdown here of 1 32 38 and then continues moving lower. We're sure Walmart is trading below the bottom of its daily profile bar number four of a TD nine count. The answer to your question, James, one 1094. You're looking to get into Walmart. I'd watch one 1094. That is its breakout level. And that's what I would be watching for. I'd come back and take a look at it in about four or five trading sessions. See if there's a TD nine count pattern that is present. We've got a request to go take a look at ticker symbol CPE. So let's go do that and see where this is headed to. I can see now as I pull the chart over here. Nice day to the upside wide ranging bar and bar number five of a TD nine count. So this is going to find resistance at about 2 99. Now this is a daily timeframe chart out here. And if this bottomed with wave number seven, that was a letter G back here on March the ninth. I basically traded sideways ever since then and built cause. And now it's moving higher, but that moving higher in that cause 2 99 is going to be the level to watch out there. No reason to exit the trade, but 2 99 is going to be the price point that is going to be where you're going to see where the pedal meets the metal, so to speak. If price can get through there. Well then on the weekly basis out here and I don't have a weekly. Oh, I do have a TD nine count bottom. How about that? So usually there's your TD nine count bottom and price may be targeting 492. So that's the weekly timeframe. Watch the daily. If you can get above the resistance area out there, then you should move up to the weekly resistance zone on the monthly timeframe chart. Again, we're just early into the month. But what you like is right now you can see price trading above Stevie's red line that red line number is 2 21. We haven't seen price take out Stevie's oscillator and change line out here since 2018. That looks like about March or May. So closing above this for this month would be would suggest a change in trend out here. Now prices trading below its profile levels. So 401 becomes a resistance area, but the monthly profiles could change in between now and then. Whenever then he is. So in summary, you're looking at you're watching 2 99. That's going to be resistance area. If price can get through there, the daily timeframe has 385 and 487. As price targets in the weekly has got 492. So I hope that that helps you out. So it looks like we've gotten through. This is a beautiful thing. All of the requests by email thus far and all of the requests inside of the tires. Then I believe was a request in Tiger's Den out there. Maybe you ask me to take a look at BDRY. Is that what you're looking for? I don't know if that's the case enough, but it doesn't matter. We can go ahead and do it BDRY out there BDSI BDSI. Okay, BDSI. We can go take a look at BDSI. That's a request for sure. Wasn't sure about the other one. That's bio delivery sciences out here. So BDSI, let me get it going on my other charts out there. Well, there we go. So you can see this is trading above the top of its daily profile. That's bullish, meaning no resistance top of its weekly bullish, no resistance. And above the top of its monthly, which is 504. So that is a beautiful thing. Now prices moving into a prior swing point. That was the date of May 8th had 1.7 million shares. 8.73 today. So you're moving into it a little light in the loafers so to speak, but just means it may struggle to take out that swing point today. That's okay. You don't really want to do on that. I mean, you do, but you don't. Now the real resistance area out here, you can see is the next resistance area is going to be 545 out here. So get no topping signals, but you know where resistance is at. Price can clear 545. Then you're looking at a move up to 598. That is coming from your daily timeframe signals out there. If we switch over to the weekly, the weekly say, hey, we don't have any resistance till we get all the way back up to 721 out here. So that is its message to you in on the monthly timeframe to finish this off. You like seeing price trade above Stevie's green line out there. Rising price oscillator on the monthly above zero. It gives you a price target of 779. And that was BDSY. Let's go take the other symbol out there just for the heck of it. BDRY. I don't know what it is. Well, we can find out real quickly out here. BDR. Whoops. BDRY. Don't worry, folks. I really can. Well, I can walk and chew gum, but I'm not walking. I can't sit and talk and chew gum. And apparently create a clear sentence at the same time. This is the Freightway Dry Bulk Shipping ETF. Next resistance level 586. The top of its weekly program. Hope you're ready. It's trading with extreme volatility and peaks and troughs everywhere, regardless of what you're looking at in the markets. This is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter. Basil has been analyzing markets providing his take for subscribers to his trading services since 1984. Every morning, Basil publishes an update for his subscribers, along with weekend and evening updates when warranted. 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That's why we need primal edge daily nutrition. It includes a special blend of ionics, oil-based vitamins, minerals, baddie, 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, Paige. 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 Niko and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFNN.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back, folks. So we're going to round out today's session by taking a look at the debt market. A 30-year Treasury bond right now. We can see that that price had broken out of its sideways consolidation pattern out there. Now, typically, when you break out of a consolidation pattern, you get a measured move equal to or greater the consolidation. I'll move that box down to the downside out here, and you can see we haven't made that measured move. A measured move gets us back to about $170 even Steven out there. But the question is, is there a tradable bottom out here inside the 30-year Treasury? And here we can also see how T bonds are trading in relationship to euros, yen, and pounds. So with regard to euros, prices trading a bit higher, yen lower, and in pounds, you're pretty much even Steven out here. So that's why you're not seeing a whole lot of movement because you see different things, different things. You see the way that bonds are trading on different screens. And quite frankly, the way that bonds are trading in terms of euros, yen, and pounds is probably way more important than the way that bonds are trading inside of dollars. But with regard to T bonds, many people use the TLT. I think this was the first question with regard to, in taking a look at the TLT, can we see any kind of a sign of a bottom out here? Well, we take a look at Friday's action that was bar number nine of a TD9 count. We can also see that Stevie's green line, the oscillator and change line, change colors back on June the third, June the fourth out there. When that changes colors, we usually see price and that line catch up to each other. So putting that together for you, John and Philly, you've got a valid bottom. You can take the trade. If you close below the low of Friday, well, then that pattern had been negated. The price should make its way up to about $1.60. Now that's in the TLT. The underlying instrument, so to speak out here, is the 30 year. And when I put the 30 year over here, you'll see real quickly, I know we're going to, to a breakout here the daily time. Well, at the end of the show, what we don't have is a similar pattern, meaning bar number nine. And so the 30 year is saying, hey, Stevo, what I really want to do is go tag 167 and 1330 seconds. It's breakout level. Folks, thanks so much for being here. Stay tuned. Two more great hours are left. I look forward to seeing you on terrific Tuesday. Have a magical Monday. Take care, friends.