 The following is a presentation of T F N N. The Traders Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Traders Edge now Steve Rhodes. Good afternoon folks. Welcome to the December 30th of Magical Monday edition of today's Traders Edge Show and your host Stevie 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. And the easiest way to do that it's to always remember that life is happening for us. Not to us. That's right when you and I make that one little two by four shift 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 with those bulls and bears what those buyers and sellers are communicating to you and I at just past one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here but 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 in at 877-927-6648 if you can't dial in. We've got you covered there too. You can send me an email Steve at tfn.com inside the subject heading please put radio show question of course our Tigers and well any and every ping will do. So let's go ahead and get this show started on magical Magnificent Monday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show right now. We got most of the indices trading to the downside. The Russell 2000 being the exception out here the Dow up 100 points three tenths of a cent. No big deal. The S&P off 12 another three tenths of a cent. The Nasdaq 100 off about a half a percent or 45 points. The semis down 11 points. Spot follow techniques is up a buck. It's up seven and a half percent and it is trading. I believe it's still trading above its 50 day exponential moving average. We'll take a look at that. That's 1444. Gold is flat silver up four pennies. Lights we'd crude is flat out there. Natural gas back three cents lead in the charge dollar wise to the upside. It is an axon therapeutics of four bucks or four percent five below up nearly four bucks. About three percent Northrop Grumman three and a half percent Burlington stores. I'm sorry three and a half bucks for both Northrop and Burlington. That's one and one and a half percent respectively to the downside dollar wise. It's Amazon 17 bucks. No big deal there. Just underneath 1% the trade desk off 16 or 6% Google's off 14 a little over 1% Ricardo Libre off 12 bucks are about 2% out there. So where do we want to begin. Let's begin by what has transpired. What is transpiring in the marketplace. Let's begin by taking a look at the 30 minute ES mini chart. Now at about 11 o'clock this morning I sent out an update to subscribers to let them know that the move to the downside was a buying opportunity or at least the bottom had been put in. So let's go take a look at how is it that Stevie could figure that out out here. Well first we can see the road's momentum indicator top out here that formed on Friday and that led to a road's momentum indicator bottom pattern that was forming coming into Friday's close out there. Now it wasn't the ES mini so price was pushing lower doing less relative energy. So on Saturday when I got my end of day reports out to subscribers I said you should anticipate that the markets will trade higher when the futures open on. Sunday now was sent out sometime on Saturday. Why because we had that nice little hammer candle that formed inside of the NQ on its 30 minute time frame confirming that road's momentum indicator signal. And then as price pulled back coming into the close of the contract was sitting right there at that red horizontal level of support. That's a TD nine breakout area. Now what price did as Sunday open. You saw a little bit of a move to the upside that created another bullish reversal signal inside the NQ on the 30 minute basis. It's that same pattern that formed here in the ES mini to confirm its roads momentum indicator topping pattern. OK. So so that being said out there then we've seen prices move lower. What was really going on this morning. Well what was taking place. Well first I want you to just focus on this 30 minute time frame chart. We use a 30 minute time frame chart just simply because it gives us a understanding of what's going on intraday inside the markets and what to be looking for through the rest of the day out here. But also because these same tools and patterns that you and I trade they work for all time frames. You just have to stay focused and stay within the time frame. It is that you are trading. But I want you to notice that little piercing candle that formed right out here. Let's get the time that is a bullish reversal candle out here. That occurred at exactly 11 o'clock this morning. 11 o'clock was when I was preparing and setting out the update to subscribers so they could understand what was going on inside the marketplace out here. And what was really taking place inside the ES mini. What did unfold. It was a currently by pattern. Let me show. I've just got a different chart here. So it would be easier to show you that pattern. But this was the first day to be equal CD to the downside on a 30 minute time frame that we've seen since December the 13th out there. And that sets up a Gartley by pattern. You've got the A to B equal CD and you've got the bullish reversal candle to tell you that that pattern has completed. Now every Gartley pattern has five different outcomes out here. So let's go take a look at a 30 minute time frame chart. Let me just kind of move through. I shoot didn't mean to do that out there. All right. Find my there we go. Perfect. So you don't know what's going on in the background because you can't see a good thing. But let's go ahead and open up a 30 minute time frame chart here. I know where I can go grab one. We can go to our perigee chart out here. So let's go grab this perigee apogee chart. And what we're going to do is just take a look at with no profiles or anything like that. Just simply retrace. So the five different outcomes from a Gartley pattern would be your Fibonacci retracement levels point three eight two and this of the entire pattern point six one eight point seven one six. So what has transpired so far is in the elevator of schemes is that you can see I've taken the high the swing point high in the swing point low and just simply applied our Fibonacci retracement tool. You've got point three eight two. That's at thirty two thirty one. We're trading at thirty two twenty nine. You've got thirty two thirty nine thirty two forty six. And then you've got that hundred percent move of move giving you your four of five outcomes out here. And what price has done it made it to the point three eight two retracement level slightly above it. That's at that thirty two thirty one level. This is where people have gotten off of the elevator. Now is everybody getting off the elevator elevator or Bader depending on how you want to term it. And just simply going to start selling from here. Well that I don't know. I don't think so. And we'll go take a look at those reasons why. But all we're seeing right now. And I want you to make sure that you see this out here is prices just simply got to that first level. I want you to picture yourself getting on a elevator. And when you get up to the first floor or that next floor. OK. In our case here that would be the point three eight two retracement level. Some folks get off board. That doesn't mean the elevator is going back down. Not that it can't. But the next level of where prices likely headed to is that point six one eight retracement area. Now maybe it's going to set up a Gertley sell pattern to the upside that I don't know. The retracement we've seen so far doesn't set up a B point of an A to B equal CD to the upside out here. But thirty two thirty nine is where the ES many should be able to get to. Now what else is it that we can take a look. What else was it that Steve always taken a look at. Nor did I have the confidence to send out an update at 11 o'clock as futures were down 200 points or more than that to say hey look looks like we've got a nice little bottom in here. It could be a bottom quite frankly it takes us into you know the first week second week third week of January out here. Well what we have and how will we know that to be the case. Well we get back from this break. I don't know if Jay is in the audience today but if he is we know that he likes to take a look at those new profiles and at the same time the Gertley by pattern form. On the thirty minute chart the ES many was hitting a new profile. She's using Stevie's super Doppler method out here but almost right to the tick. That's a beautiful thing. She wrote the T. F. N. N. It's my great death. If you're not currently using the TAS profile scanner when looking at setting up your trading opportunities then your arsenal is short a money weapon. 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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. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved home page with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. So we're taking a look right now at the Four Equity Futures Contracts. You've got the EES Mini on the left. You've got the NASDAQ next to it, the NQ. Then you've got the Dow and then you have the Russell 2000. So they each show brand new profiles that are attempting to form. Now I will not know until tonight or early in the morning whether or not these things have taken hold because I'm using my advanced tool. But it appears that they, based on other things that I've looked at, it looks like there's a high likelihood that these profiles are going to take hold and they're intact out here. But look, this is information that you and I are able to use to trade right now. We had this profile information this morning when the newsletter was being prepared. And I had done a fairly, I would say a fairly thorough review for subscribers this morning about, I really did it over the weekend, about what to understand for the bigger picture and what we're looking at out here. And in one of those elements of it, of what we took a look at was certainly these market profiles. And so for those people that are short and have maybe been able to take advantage of that move lower earlier this morning, around 11 o'clock, and you take a look at these profiles and you see that all of the bottoms of these boxes have held. Make sure you have stops in place for those trades so that you at least exit and break even. A hint, hint, not a bad time to take some profits out here. You've got no levels of support that have failed at least as of 119. Now I don't know, I can't tell the future. I can't see the future. I do not know what's going to occur in the next moment. But we do know what has occurred in the prior moment. And we do know that all that has transpired so far today has been nothing more than price pulling back to a level of support. That's what it's supposed to do in a bull market out there and hold. That's the information that you have to go with. Look, there is additional information out here. What additional information? Well, we could take a look at the New York Stock Exchange and we could take a bit and take a look at its advanced decline oscillator reading. Now even at 11 o'clock, when 1045, whenever, when futures are really pushing lower out here, the advanced decline oscillator was still above zero. Still above zero. Spot volatilics, which is the bottom panel. Yes, it's above its 50 day expansion moving average, which is 1367. But the two, in order for there to be any traction to the downside, you need both. What do I mean by both? You need to see the advanced decline oscillator below the zero threshold level. That is where sellers have control. No, it's not going to call the top tick, but we don't have that. As we speak right now, 121 in the afternoon. And so all that was transpiring this morning, which is a head fake, a knee jerk reaction, those folks that had gotten long on the 26th or the 27th of last year, and they wanted to protect those profits and take some long-term gains. Well, Friday, today, tomorrow are the days to do that out here. Price has simply ran back to support. And until that advanced decline oscillator gets below that zero threshold level with the spot ballotinics being above its 50 day, you've kind of got one side is bullish, the other side is bearish out there. And there you've got your little tug of war, so to speak. And a reason for me to throw out the caution signal out here for those that are short, support has held, support has held, support has held. Granted, I don't know what's going to transpire next out here. What else is that we could look at that I could share with you? I don't think that there is really anything else here from an equity market standpoint for you to really consider. Now, what we didn't talk about is, how will you know if the market's going to continue its rally? Well, the beauty of these new profiles is that in the ES mini, it's pretty much equally distributed. The center is pretty much in the center between the top and the bottom out there. The NQ is a bullish structured profile. So as price was pushing lower, found support where it should have. And if you see a close above 87.69, inside the NQ, it doesn't have to be by the end of the day. But if you do see a close above that and you're on the short side of the market, chances are you're really on the wrong side of the market, even though I have stated and was probably the earliest to state here and before people even, but it doesn't really matter what, but I had stated weeks ago that we're looking for a fairly significant top in 2020 out there. But we're in 2019, folks. And no, I don't think that it has started today. We start to see a close below these boxes in different scenario. For right now, I'm just suggesting that you consider the current scenario. Nothing has been broken inside this trend that we've got and you would not be surprised to see these markets continue to trade higher out there. So let's go to our first question out here. Our first question coming in from Tom, haven't heard from Tom for a while, Tom G. And Tom wants to say, wants to take a look at is considering scaling it into dust, which would be short the mining equities out there. And so want some thoughts on that. So let's take a look at what's going on. In order to do that, Tom, of course, you know, we must first take a look at the gold marketplace and try to figure out what gold is trying to do. So there's a couple of different things. First with regard to trading that's going on today, there's not going to be much upside action inside of gold. Now, how can Stevo say that? Well, the reason I say that in the left-hand side, left-hand panel, Tom, and everybody else out there watching, you've got gold priced in U.S. dollars. Trading just slightly higher. But when we take a look at gold expressed in euros, expressed in yen, expressed in pounds, it's trading lower. So on one hand, which is the U.S. hand, maybe you've got buyers. On the other hand, what you've got, traders and other currencies, you've got sellers today. So that's why you're not seeing any kind of real traction to the upside or the downside. But remember, understanding how an instrument is trading in multiple currencies is mandatory. If you, because otherwise, you're playing a game that others have more information than you. And I want you to have the same information that they have or really stated another way because most people don't look at markets or don't look at instruments like this. I want you to have the competitive advantage because as far as I know, a competitive advantage is a good thing to have. And I want you to have it out there. Now, coming back to gold, so we can see this out here. So this is okay, not much in the way of traction out here. So what is it that we want to take a look at? Well, the first thing that I would look at here, Tom, I'm gonna take a look at the day, another daily chart here for gold, which had formed a TD nine count. And it completed that pattern a couple of days ago. The high of that count is 15, 17, 40. Price is trading at 15, 18, 50. If you see a close above 15, 17, 40, two days in a row, today would be, it looks like that second day out here. Then this is suggesting that price actually wants to move higher. Now the danger there is that even during that timeframe between let's say now and then when price would actually make a higher move out here, we can see that Stevie's red line turned green a handful of trading sessions ago. And so there is Tom, there is going to be a catch up of price and that line, Stevie's oscillator and change line, which is 14.95. I don't know when, if I could forecast the day I would and that would give that to you, but I can't. But I know there's a phenomenon that takes place when that occurs. And so there is that possibility of lower before higher, but here's the deal. If you do see a close above 15, 17, 40, I can't suggest that now is the time to build that short position in the mining equities out here. That being said, if that's the case, then Tom should ask the next question or somebody else should ask that next question. Well then, Stevo, where is it that gold would likely head to? My response there with a close today above 15, 17, 40, would be 15, 43, 50 or 15, 61. So I would hold off Tom because of signals. It's just not ready, just not ready to short. Steve Rhodes with TFNN, you'll be right. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time markets. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. 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For all the details and to start your 30 day free trial today log on to TFNN.com now. TFNN is excited about our new software charting program The Art of Timing the Trade Chart. 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 guardleys, ABCs, 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 gonna 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. 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. So Tom, we were taking, like this is before we're going to that breakout there, we said, hey look, if gold closed about 15, 17, 40, what the signal is, is that price wants to make a run to the 15, 43, 15, 61 level. What were those levels? Those are horizontal trading range boundary lines. The blue ones are daily, that's your 15, 43 area. The green ones are the weekly, that's 15, 61. We can see prices made its way up to that level several weeks ago, well quite a few weeks ago, several months ago out there. And that was a resistance area. The weekly profiles really work well. This is a weekly chart, by the way, that we're looking at out here, but actually all the profiles, monthly, daily and weekly, they're all important to, now I say profiles, horizontal trading range is my apology out there. And then secondarily, from a weekly perspective, a weekly chart, so here's the weekly timeframe chart that did form a TD set up nine count bottom, that's low in this pattern out here. Those week of November 15th, price right now is dealing with Stevie's green line on the weekly timeframe. So that's right around this 15, 17 area as well. And if we were to see a close above this a second week, then where price is likely to run to here on this chart, on this weekly chart, says resistance is 15, 43, 30. And that is where price broke down that TD set up nine count. More likely than not, I believe price will make its way up to that area. And then that should be the end of the run, should be good enough to trap most of the bulls out there and they will not like the outcome once they are trapped out there. Now, John, I know that you do, and I'm referring now to John inside the Tiger's Den, I know you do some work with the commercial, the COT data out there. I just took a look at it this week, a little scan of it, and you probably saw what I saw, which is that commercial traders have joined the Stevie camp out here and they're anticipating, not today, but they're anticipating in the near future, a kibosh to the downside inside of Goldilocks. And the commercial traders are rarely wrong. That's the big money. So if you want to understand what the big money is saying, Tom, I believe you're on the right track. I just don't think that right this second is the time to begin that position. So I hope that helps you out. No other questions, so please, if you're in the den, just throw anything in there that you want me to go ahead and take a look at and you can send me an email. Steve at TFNN.com just put a radio show question to subject heading. That would be great. And of course you can always call it 877-927-6648. So what else can we go take a look at? Why don't we, until I get some other requests out there, why don't we just take a look at some of these instruments and see how they're trading? Let's take a look at Amazon. There we go. We've got one from Tarpon too. Thank you. So here's a signal to you. And I'd rather do this today. I'd rather, in every day, is spend time taking a look at something that you want to take a look at. Maybe it's in your portfolio. You're trying to get it in there or anything along those lines. I would rather spend our time doing that. So the ticker symbol here is CRSP. Let's go see what that is. That is CRISPR Therapeutics. CRISPR Therapeutics today, it really was Friday. Really it's been for the last several on and off for the past couple of weeks. But price is now trading below its daily profile out. There's support that was at 66.65. We can say that this is taking out a B point with volume, the B point or swing point would be the trading day of December 19th that had 883,000 shares. You're already at 1.1 million shares. So tarpon 2 of the A to B equals CD pattern to the downside on this. This is coming from our A point out here. That's on the trading high of December 4th. Then you've got your B point, the low of December 19th. Retracement right into the point of control, the center of its bullish structured box. So closing below a bullish structured box. Nothing more bearish than a failed bullish pattern. Your one-to-one price projection would take you down into the 59-49 level, one-to-one point two-seven, two-fifty-six-sixty, three-and-fifty-two-ninety-nine for one-to-one point six-one-eight. I don't know which of those levels, if any of those could go to the two, the one-to-two A to B equals CD at 48.97. We won't know if you're looking to buy this tarpon. Then you've got to wait for some type of bullish reversal candle to then go ahead and confirm the Gartley buy because this could be forming a Gartley buy pattern. Now, the first area to really be watching is that 59-64, 59-49 range. 59-64 is the bottom of a weekly profile. 59-49 was your one-to-one A to B equals CD. Could be that this is an error, that could be the extent of the move. You could get a, that would be a Gartley buy pattern. Looks like probably like a 0.382, so it'd be very strong out there. So CRISPR looks like it's just forming a Gartley buy pattern. It just is not complete. I don't know when it will be complete. You tarpon, you want to watch for some type of bullish reversal candle. Let's see if there's anything else that's going on. Wow, how did that just disappear? There we go. Well, at least we've got it back now. We found it. And was there anything else out here? Well, it did form a TD set up a night out pattern. That was the high out here. That was back in November 20th. Price here would suggest that the breakout level is 48.39 on a daily basis. So that's another area to be watching for the pattern to complete. That would still be a Gartley buy if price got down to that level. On a weekly timeframe out here, the weekly timeframe is showing us what? Not much. Let's do the wave count to the upside, see what we've got inside of this. Well, it forms a wave number seven letter G. I'm always amazed and surprised, but I don't know why I'm still surprised when we see this get to wave number seven or letter G. So you've got a topping pattern. On the daily, topping on the weekly, we sort of already knew that. Price on the weekly is testing Stevie's green line. So it closed below this level here, say 62 and a quarter, which suggests lower price in that daily Gartley buy pattern and the monthly, boy, CRISPR. CRISPR looks a lot like the, was it really CRISPR out there? I think so. Let me just put the actual charts up back up on the screen. Yeah, CRISPR therapeutics. The monthly chart shows prices moving higher, doing less relative energy. A TD set up nine count pattern that looks like it's gonna complete this month. All right, Tarpon. So now we know we've got the daily, the weekly and monthly topping patterns inside of CRISPR. Boy, let's just make sure that this forms a real solid Gartley buy if it does. And it's looking more and more like price wants to move to even lower ground, but 59.64 is gonna be your next battle. Now is not the time to go along. I hope, Tarpon, that that helps y'all, that little review there. Take a look at the TAS market profiles, the TD set up patterns, the anything else that we, the roads momentum indicator out there to help assist us on interpreting what this instrument is doing. Okay, great. Keep those cards and letters coming. So I mentioned, let's go take a look at Amazon. So Amazon up on the chart here, see what kind of damage, if anything, was done is being done. Nothing that we can see that's being done. The daily timeframe, we'll go check out the other charts out here, but right now price is above its daily profile out there. That was a bearish structure, daily profile. So that is bullish, the weekly profile, prices testing are slightly below the bottom of that profile level. That's at the 1853 level. And price did find resistance at the top of its monthly profile, that was 1898. Now, the daily timeframe here for Amazon, do we have any other signals? Well, we can see the roads momentum indicator bottom that formed out here, a nice little hammer candle that formed back on October, the third wave number five to the upside. Likely what Amazon does is find support at 1832 57. 1832 57. I don't see anything terribly wrong with Amazon. Steve Rhodes with TFNN. Great. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. 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 for the latest market information. Welcome back, folks. So we've got a request to take a look at Guardian Health Inc. The ticker symbol there is GH. And we can only really use the daily and the weekly timeframe data because the monthly doesn't have enough information. This is an IPO going back to the early part of 2018, looks like October, late part of 2018. So it's just not enough monthly data. Now, Sat is asking the question, how has this changed since the last time we looked at it? Which maybe was about a couple weeks ago. I'm not sure here in your email one that was. But what we do know is that on Thursday, I know we haven't spoken since Thursday, there is a new profile that formed on a daily basis out here. And that is a bare-structured profile. The top of the box was $83.93. That's a left-hand panel. Center, $81.74. See how that center line is so much closer to the top than the bottom? That tells you it's a bare-structured profile. That does not mean the instrument is bare-structured. It means what's inside this trading range is that sellers have the upper hand between the $81.74 and $83.93 area. Once price closes below $81.74, not by like a penny or two, but sizable enough. And certainly Friday was that. That tells you that sellers then should be able to push price down to support. So support here is $75.19. There's nothing wrong with a guardian-telt unless price breaks to that support level of $75.19. If you do see a close below that, that suggests that it wants to move lower. Lower to where? Well, we'll take a look at the other daily timeframe chart. I'll give you a price point there. But just in looking at the weekly timeframe where prices above the weekly profile, $71.66 would be a number you would be looking for. That happens to be the top of that weekly profile. Okay, so now let's look at Stevie's other chart, see what we see and what we might have said when we last spoke about it. I would have to say if we were to go do a replay, I would have suggested to you whenever we spoke about it that price was likely on its way to $84.18. That's if price had already cleared $75.43, why $84.18? Because that was its next TD setup nine count breakdown. So as price was making that run to its highs last week on Tuesday, then Thursday, and Friday, and it was forming that new profile out there. Well, what we can see is price was also running right into that resistance level at that $84.18. Another level of support in this instrument would be $73.01. That's where it most recently broke out, used that TD setup nine count pattern. So a close below $73.01 would suggest to move back to $66.03. Those are the numbers, they're gonna be different. You're gonna have profile levels, you're gonna have breakout and breakdown areas, but now what you've got is basically your range, because rarely does something go right to the tick, although it does happen. And that's really not how you trade or put that in place. Now you were asking about stops. Here's the deal with regard to stops. Well, first, you wanna understand where support is. So you know you've got $75.19. Another thing you can always do is take a look at its average true range. That's $3.11 over the last 10 days. Multiply that time of Fibonacci expansion level, a Fibonacci expansion series number, which would either be 1.272 or 1.618. And that should be your stop below some closing price, maybe today's close or something like that. We use these support levels as well. See where your stop falls with inside those support levels and be willing to give it just a bit of room. Now I do not like, you do not like the weekly timeframe chart for this. It forms a nice road momentum indicator top. It completes that pattern, confirms that pattern. I should say on August 23rd, when it forms that bearish engulfing candle, plus price was closing below Stevie's green line out there. Now what we've seen is prices trading below Stevie's green line, 79.55. That's really a number set that you want to see price be trading above. Now that number is gonna change. It just changes 79.56. So you have to give it a little bit of a range out there, but that's not what you're really contending with today. This is actually just suggesting that price should continue to move a tad lower too. And that is what I see when I take a good guardian tell for the daily and the weekly timeframe. So I hope that that helps you out. Thanks so much for writing in. And of course, happy new year to you, to Tom who had written in earlier, to Charpentu, to Z and the Dent, to everybody that is out there. We've got two more questions. Thanks folks for listening and sending in these requests out here. Craig wants to take a look at, so happy new year Steve. Happy new year Craig. Is anything in the currency markets offering clues to any of the commodity markets? Let's see here, how am I going to, oh my going to, let's see. I think I have a set of charts out here Craig that we can look to for just simply commodities. Just to try to get an understanding of the flow of capital out here. Let's see if I've got that chart or set of charts somewhere. I think I do, I think I do. I think we're close, I think we're there. There we go. So here's a pretty good gauge of commodities. These are weekly timeframe charts. These charts show you the 2018 high. They show you many instances, the 2018 lows gives you a feel for just how commodities are trading. For example, gold is above the 2018 high. That's good, that's bullish out there. Wheat, it's not wheat, it's just been consolidating all year between the 2018 low and the 2018 high although price hasn't made it up to the high. This is just priced in US dollars out here. Corn had a false breakout to the upside when price got above its 2018 high pulled back lower inside that. So that's really just in a consolidation. Silver right now is trying to break out above its 2018 high, that's at 1770 or 1805. Rice has been consolidating in between the low. So no breakout here, no break down if anything in natural gas trading below the 2018 low. Look, that's bearish. Just simply all out flat out, simply bearish. And as of all the commodities, the worst looking commodity at this stage of the game. And I do know that natural gas is trying to form a bottom just hasn't been able to do so just yet. Light sweet crude, consolidation, soybean futures and consolidation, live cattle trading up at the 2018 highs out there. So Craig, that wasn't your total question though. Is there anything in the currency markets? And the answer is there's nothing that I have seen just yet. And this was just an easy way for me to go answer your question about the currency markets or commodities in general, which was just kind of get a gauge as to so what will Stevie do with these charts on Wednesday or Thursday of this week as we go out of 2018 and move into 2019? Well, 2020 I should say. You know what I'm really thinking when I'm looking at one thing saying something else. It's really clear. I will go at these charts and I will identify the 2019 high and the 2019 low. And if something is trading just simply above the 2019 high out there, that's gonna tell you that it is in breakout mode at least in terms of US dollars and you can start to investigate that instrument in terms of the other currencies out there. I guess the other question might be just trying to understand what's going on in the currency marketplace, right? And maybe we could do that and maybe we can do that tomorrow because we're gonna be going to a break here momentarily and we're not gonna in that two minutes session, the two minute close, we're not gonna have the time to take a look at each of the currencies. So why don't we leave that for like a New Year's Eve deal part of tomorrow's. Now I'll take a look at the Euro right now or I'll do that during the break. I'll throw that up on my screen. What we're gonna do is we're gonna take a look at the Euro, how it's trading the Euro US dollar and take a look at its four large, larger timeframes for where price is trading as it relates to its TAS market profiles, daily, weekly, monthly and quarterly. See what kind of clues the Euro is giving to us. We'll be right back. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over, gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting tfnn.com. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment, but today our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primal edge daily nutrition. It includes a special blend of ionics, soil-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 taking a look at it right now. You got four quadrants up here. You've got the U.S. dollar currency here. I've got a 10 minute or 15 minute delay on this, so it's not gonna be trading it exactly the price point that we're taking a look at, but here's what we do know. Price is trading above the top of its daily profile, such of our resistance, should be able to continue moving higher. This week is gonna be important. Where does price close this week? Not tomorrow, the end of the year. Where does price close on Friday? Because the euro is sitting right at resistance. And so Craig, the number is 1.1183. If the euro trades back below that area, not a daily that says that it can move higher, the weekly says not so fast. It's just simply consolidating sideways out there. So that's what I've got for you. Tomorrow we'll spend some more time on the currency pairs. We'll go back and take a look at what does all that mean for the U.S. dollar index out there. So the last request that we have coming in here from Hector and the fuel injectors who wants to take a look at Michael Kors. Michael Kors had one heck of a day, 39 million shares on Friday out there, but ran right into the top of its bear structured daily profile. Hector, it was a 789, you're back below it. Price may have found support at 734. That would have been a potential buy point. Now you would also need to see price close above 789, the top of that bear structured daily profile for two sessions in a row. Price is trading below the weekly profile, 814, that says caution. Price found support at the bottom of the monthly profile, which was 591, the actual low was 585 this month. And that's a bullish structured profile. So this is suggesting the possibility of being long. The confirmation of this, and I would just simply stay tight Hector, but keep following Michael Kors. And if you see it close above Stevie's red line on a monthly timeframe, right now that's 837, then you've got a change in trend that is in place for ticker symbol, M-I-K Michael Kors. Folks, thanks so much for being here. If we don't see you tomorrow and I'll do the show at the normal time tomorrow, then I want you to have a happy New Year's celebration and I'll see you the day after on January 2nd. Otherwise, we'll see you tomorrow. Stay tuned. David whites up next. Tom O'Brien, three to four, have a magical month. Take care.