 The Trader's Edge with Steve Rhodes, toll-free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the October 4th, the Magnificent Monday edition of today's Trader's Zen Show. I'm your host, Steve Perseverance Rhodes, who absolutely knows and 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, not to us. That's right. We do and I make that one little two-by-four shift. Well, it means we can find the gift in every set of circumstance that life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I. Just past one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here. More important than that, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, we've got you covered there, too. Go ahead and send me an email. Send it to Steve at tfnn.com. Inside the subject heading, please put radio show question in, in our Tiger's Den. Any ping will do. So let's go ahead and get this show started on Magnificent Monday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to Let's Show right now all the U.S. industries trading to the downside. That was off 420, S&P 72, Nasdaq 100 off nearly two and seven tenths percent, 393 points. To the downside, the Russell's off 27, some semis are off 86, Tranny's down 30. That's really not much of a move for them. You've got gold up 950, silver's up seven pennies, lights recruit up two bucks, and natural gas up 19 cents. Dollar wise, the upside, you've got Xenon Pharmaceuticals up 91% or 14 bucks. Dillard's the retail store up 10 bucks, nearly 6%. Pioneer Natural Resources, 7 bucks or 4%. Vanak Oil Services, of course, with oil being up. That's to the upside. To the downside, it's Amazon. Down 96 bucks. Google's off 87. Mercado Louie Bay 70. Hubspot down 57. Shopify off 55. Let's begin by starting out, take a look at Amazon. The reason we're doing that is because that was a request that came in from John Oh, whoops, there's a bunch of business now. John Oh, he writes, I bought Amazon today for a long term hold at 32.5 with the minutes I was down big. Can you please help me gauge any potential upside? Thanks for all you do. This is John in Denver. So here we go, John. We'll take a look at the charts out here for Amazon. We're looking for levels of support. So first on a daily timeframe, price was trading below the bottom of its daily profile and on Friday price closed below the bottom of its weekly profile. Both of those are not really great news for Amazon from a profile perspective. That would suggest that I'm looking at the monthly chart here and prices trading into it bear a bullish structured monthly profile. So the bad news or the good news, depending on how you look at it, support is somewhere between 3059. We're trading at 3193 and 3237, of course, 3237 hasn't held thus far, but prices. So downside, downside, you were asking about upside action. I would want to know about downside action. 3059 is a realistic target to the downside. Now if that's going to happen, we're going to see swing points get taken out. So on a daily basis, the swing point is from right back here on August 20th. And John, that has volume of 3.3 million shares. One 10 in the afternoon, you've already got 2.6 million. So pretty odd's favor that price is at least going to go test or blow away that low. And that low is 3175.76. The low today so far has been 3180. So you really need a test and a rejection of that level. Otherwise, that could lead to a large A to B equal CD to the downside. So that'd be one thing that we're looking at. Let's go take a look at Stevie's other charts out here. See if we can find some news, some good news for John in this long Amazon trade. Well, I would like to find good news. I can't. The price is below 3210. Now, this is going to be dependent upon today's close. When I exit the position, if you've held it right now through one 10, I probably wouldn't at this stage here. I'm going to go look at the short-term timeframe charts with you as well, see if we see any kind of signals of a bond. So we know we're pushing that swing point. That had it was, by the way, that was a TD9 count bottom. So price closed below that. And that was, that was the low we took a look at. But let me just restate what that low was again or try to. 3175.76. Price closed below that. You're looking to move at least to 3060.250. That would be the next TD9 count breakdown support level. But you could also have a large A to B equal CD to the downside. Now, price may hold 3210.01, or 3193. And if price can hold that, then you do have a key level of support that is held. You don't have a bottoming signal, but you at least would have a level of support that is held. On the weekly timeframe chart out here, what does Stevie's church say? Not really providing us with anything more than what we've already taken a look at. And it's too early to really look at the weekly swing point volume versus what's going on today. So we're just going to ignore that just because it's going to provide us with no really great information. We see the bottom of that monthly profile 3059. So now let's look at the short term time frame. Let's go to a 30 minute chart. Actually, let's go to a 15 minute chart. So the 50 minute chart right now, just looking for something. So it does have a wave number. Now I take that back. So I'm just looking for any kind of bottom for you. And I don't have it right now. But price is within side. It's trying to get back. It's above it. Trying to get back above its oscillator and change line. We can see that. And if we can get back into the level I'd be watching is 3202. If you get a close above 3202 on a 15 minute timeframe chart, that would at least suggest to move to 3224. So that's what's coming from there. I don't have any kind of valid bottoming signal on a 30 minute chart. Nor do I have a valid bottom yet on a 65 minute chart. Nor the 130. Nor the 195. So yeah, it's not really looking great out here. But nonetheless, you're up against 3211. Price is trading at 3195. I would probably have my stop underneath that low, that swing point low from August 20th. Again, that was 3175. So I'd certainly at least put in a stop inside of Amazon. John, I wish I had better news for you. Just got to call them the way that the charts are communicating the information to us. So best of luck to you on that long Amazon trade. Let's go now to the general markets out here. Just kind of get a feel for what is or isn't going on. So let's begin by taking a look at our TAS daily profiles out here. So if in fact today price closes below 4293.75, we're taking a look at the ES mini, that's your left-hand panel chart. It's currently by pattern will have been negated. In a closed bill that actually sets up a larger A to B equal CD to the downside. The one-to-one level would take us to 4225.50. Now 4323 is the bottom of its weekly profile, and price did close back above that last week. So that 4323 level, which is where we would get a change in trend signal, it's really going to be about Friday. It's not about Monday at 1.13 in the afternoon out here. But right now what we can say is that definitely a close below 4293.75, we're trading at 4284 right now, that's going to negate the bottoming pattern that was out there. By the way, Friday's candle session did not generate another bottoming signal, and that would then say price should target the 4225, maybe 4158 level. In the case of the NQ, if she closes below, he or she, whichever you prefer, I haven't made it to the days and its and all that kind of stuff, but a close today below 14537, this is the NQ, we're trading at 14425. So a close below Friday's low, is then going to say hey, 14262, 13953, because Friday was your bull sash candle. That was signaling a Gartley by pattern. Now if that level holds today at the days close, that Gartley by pattern stays in effect, so watch that level, 14537, that's the key inside the NQ. Steve Rhodes with TFNN will be right back. 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, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. What's separating you from the most successful men and women on Wall Street? That's right. Information. 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At TFNN, you'll get advice and guidance from the authority in 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. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Here's a question in the tiger's den right now, coming from John. John says, Steve, the NQ December contract, that's we have up on the screen, 14368 low. Just now, that's a little three-drive-to-bottom pattern. Was that an intraday bottom as you see it? John, I don't know. We're using a 30-minute timeframe chart for that. And here is, I think that's what John would be looking at. He'd be looking at the low out here from about 1.30 in the afternoon on September 29th. Why is that? My apology. Give me a second here for my three-drive tool out here. I'm not sure what... Let me see if I can do this in reverse. I know where the first drive is. No, I can't do it in reverse. That's too bad. In any event... Oh, five-minute chart. Okay. Five-minute chart. So I won't go there. So his question basically is, was that an injury bottom as I see it? So let's do this, John. Let's switch over to our eight-panel chart for the NQ specifically. So let's start there. Now, the shortest timeframe I've got on that is 30 minutes. So I hope that that is okay for you. And let's go take a look at it. And by taking a look at it, what we're looking for is some type of bottoming signal. And so I'm going to look at the 30-minute chart here right now. So as I look at the other timeframes, 60, 120, 240, and 5-hour, 300-minute. The only one here that has a potential bottom signal, John, is the two-hour chart. And that, it looks like it's going to form bar number eight of a 89 count. So the two-hour chart says, no, that's a longer timeframe than what you probably want to use out here. But still for that timeframe, really what I want to share with you is each of the other intraday timeframes have negated their bottoming signals. The only one to generate a potential new one at this stage here is the two-hour timeframe chart. That's the exception of the, with the exception being the 30-minute chart as well. We just haven't gotten to that. So you've got that as one possibility. This bar here will complete at 2 p.m. So another 40 minutes from now, and then you've got the 4 p.m. chart, bar number nine that has to complete. So on a 30-minute basis, is there any kind of a signal of potential bottom? Well, we were just talking about the TD-9 count. And you can see right now that we are in bar number eight mode. So that's one possibility. John probably did the 30-minute count for his Chapman wave, brought to us by Saratoga Bob, and of course Basil Chapman out there, but it was Saratoga. Bob that turned John, and John turned me on to these seventh wave moves that seem to identify market turns. So we're still in that seventh wave move. It hasn't moved over. First, you have to have a higher low in order to complete or confirm that seventh wave move. We, in this current bar that began at one o'clock, we have a lower low. My data, I don't think it'll, I don't think it'll move. Well, let me see if it moves over there. I think it will until, yeah. It's not going to move over there until this time bar is closed. Another nine minutes or so. So, and you've got a key reversal bar. Now you have a key reversal bar, if price does tick one, one tick higher than the open of this bar. That's questionable right now, but what you'd be looking for, one tick higher would be about 14, 396, 25. So if you get that, certainly there's an A to B equal CD to the downside as well. Although I can't draw it in, what I can do is I can certainly draw on what that pattern would look like. It looks like the A to B point would be here. And then we can just simply, I'm just going to move this so that I can grab it properly. Just move that over to here and we can see that price is well beyond the one to one level. So you have a potential, if that's a bullet reversal candle of a bottom out there. Now the question would be, okay, where would price take us to? Okay, where price should take us to is the oscillator and change line, 14, 488. Now the oscillator and change line, I'm going to change this to a five minute chart for John because that's where you saw the three drive-through pattern. And since that's where he's looking at, now everything's going to remain, well, I'll just change it. I'll just change it. So let's go here to 15 minute time frame. So that's the first thing that should pop up. Okay, it's calculating. And what's going to be different here is the oscillator and change line is going to, and the reason why it's taken a few extra minutes here is because, and why I got all squiggly because it's still used in a 30 minute oscillator and change line. So let me just change that for John as well just so we get some accuracy out here because we're trying to identify where is the level of resistance that if price closes would then suggest there may be more to this and we'll go figure out where that more to us would take us by trying to identify some other resistance. So the first thing is where is that on my box? Oh, I know what I can do. I'm sorry. I just need to do that here. I deleted the chart. Did I really do that son of a gun? Hmm. Well, okay, Stevie has backup plan game plan B. We're going to switch out of this and we're going to go to because we would want to do this anyways for four. So ideally the best bottoms are going to occur when at least at least three of the four equity future contracts are generated in the same type of signal. So here we've got the ES many, the NQ, the Dow and the Russell 2000 along the top line. Each of those are the 30 minute chart. So what can we what is it communicating to us as we speak right now? Well, the A to B equal CD down pattern for this timeframe is certainly in effect. And we had a nice bullish and golfing candle and as long as that low, that low being 42, 67, 50 holds, you've got a bottoming signal. There's a bullish structured profile out here. That suggests at least on a 30 minute chart you should see 4298 as the price target. We've already covered the NQ. The Dow has pulled back to its breakout level of 33, 7, 29, no bottoming pattern, but that can be a bottoming pattern. Just pulling back to the breakout layer area and on the Russell 2000, let's populate this. What do we have? I don't have anything here. Clear there's an A to B equal CD. The downside, most of you can see that and that's been confirmed. So price should target 2219. Now let's see if Stevie can get back to this NQ for Johnny, change this to a 15 minute timeframe. Again, we want to just, oh, five minute was five minute, not 15 minute, my apology, five minute timeframe. And now instead of deleting that, I'm actually going to do what we need to do. I'm going to change that oscillator and change line. Give me a moment here. I'm going to change that to, as soon as I can find it, to the five minute. There we go. So we'll have that up on our screen. So now we're just doing the evaluation. So in the form, in the case of the five minute timeframe out here, John, you have a Rosemont communicator bottom, a TD9 count bottom. I'm sure we can find an A to B equal CD, but here's the deal. If price can close up, so your resistance levels are to the upside, 14, 440. That is a brand new profile, a five minute basis that just formed, right now at 125 in the afternoon. So pricing gets over 14, 422, 55. The real key level, that price would need to close above on a five minute basis to suggest that there's something to the five minute bottom is going to be 14, 449, 25. So that really is a level to watch out there. If price gets above that, then you can switch over to that 30 minute timeframe in that forecast out there. That's how I would take a look at it. So I hope that helps you out with regard to the NQ, the five minute chart, as well as the 30 minute charts for the ES, the Dow, and the Russell 2000. All righty, let's get to our next question out here. And the next question coming in from Michael W. Michael writes in, he says, can we take a look at Hormel Foods? HRL is the ticker symbol. So we absolutely can. Let me get back to some of my other charts out here. Let's get to our three panel timeframe. Let's get to H-M-H-R-L. H-R-L for Hormel kind of makes me H-R-L. I think of the word hurl. That pops into my mind. That's not an ideal word if you're eating Hormel chili. Hey, but it is what it is. H-R-L, why aren't you populating? Let me get to my white background charts. That's interesting. Is this not the symbol for Hormel? Resolving symbols, what it says. And I don't know what resolving symbol actually meets out there. But let me get my other. Yeah, we go. Okay, now we got Hormel. I can't thank much of my comment to H-R-L. The word that comes to my mind is hurl. They were like, hey, Steve, I'm going to make you wait some time here while you're on the air. Meanwhile, we're about to go off the air. Oh, you don't even see the charts? Yeah, because you see my... Isn't that a beautiful picture there? You know, those two beautiful rocks out there and, you know, a nice woman running and jogging. Yeah, it just looks great. But we get back for this break. We're going to look at the Hormel charts. Steve Rhodes with TFNM. We'll be back in a few minutes. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den trading room only at TFNM.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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So, we're taking a look at Hormel Foods for Michael, who's looking for a long entry point into this. So, as we take a look at the profile charts, we're going to see the prices below the daily, weekly, and monthly profiles. So, we're going to need to really see some bottoming signals, at least for one of these timeframes, like the daily, preferably for two of them, daily and monthly, out there. And we'll go take a look at that. What I do want to point out as well, though, Michael, is even if we see a bottom out here, you don't like the behavior that we've seen on that daily profile, in essence, where price found resistance at about the center of that bullish structure profile, $41.45. So, you definitely have a battle in front of you at $41.28, $41.45, $42.17 out there. But it's just a battle. So, the question is, is there a valid bottoming signal? Well, let's get to it, Stevie. Let's go find out whether there is or there isn't. Okay, let's pull over the white background charts. And on the white background charts, what do we see? So, here, what I see is I see a TD9 count bottom that held. I see a Roadsman Dominicator signal that was confirmed on Friday with a hammer candle. I see follow-through today with a bullish engulfing. So, Michael, what buyers and sellers are communicating to you is they are trying to form a bottom inside of 4ML on its daily timeframe chart. Again, you got that resistance 41.26, 41.46, 42.17, and 42.88. So, the daily chart is saying, if you're looking for a long position, then now is the time. I would put my stop below Friday's low because that's a hammer candle. We know that if you close below the low of a bottom, of a hammer candle, the phrase is, if you're long, you're wrong out there. So, you're in a perfect spot right now to go ahead and take that long position. Let's see what the weekly chart tells us. The weekly chart shows a TD9 count bottom. This was formed three weeks ago. Yes, last week was a test of that low, but that is held up. Clearly, there's an A to B equal CD to the downside. You have to wait for this week to finish out, but it was basically a doji candle, so any close higher is going to be a confirmation of the A to B equal CD pattern. But you already have a confirmed TD9 count bottom on the weekly timeframe. So, that gives you two reasons to go ahead and take your long position in 4ML. The monthly timeframe says if we see failure of that hammer bottom, then price should get back and test the 39.01 level. But no bottom signal here on the monthly timeframe. But what we do know is price has still held its key level of support, and that's at 39.01. So, a quick peek at the intraday timeframes here. For Michael, if I look at the 30-minute chart, do we have any kind of signals? Not really. That's neither good nor that's not bad necessarily. I should interpret that as bad. 65-minute has a TD9 count bottom. Price will need to close to about 41.84 to give you a change in trend signal. The 130 has a road cement indicator bottom. Price is going to need to close to about 42.05. 195-minute has trying to generate it. Well, it does. It has got a TD9 count bottom out here and a road cement indicator. Yeah, so you've really got everything that you need out here, Michael, to take that trade. Again, your stop should be below the low of that hammer candle that was at 40.48. So, I hope that helps you out with regard to Hormel and best of luck to you on that trade. Next question here coming in from Nancy A. Nancy is looking for, would you appreciate your take on Apple today, please? I have a short-term covered call on Apple at about 40 things. So, let's pull over to Apple. See what we can find out here, AAPL. Speaking of hammers, I think my recollection is that they formed a hammer candle on Friday. Yeah, that's your hammer candle. So now, Nancy, you heard the expression that Michael and I used. Of course, I used it on his behalf. And that is, if Apple closes below Friday's low, that low is 139.11. You're 138.86. You will have closed below the bottom of a hammer candle. I don't know what pattern may have been associated, if any, with that hammer candle. We're going to go try to figure that out. But the point is, if you get a close below that, that's suggesting lower price to you. We got a close on Friday below the bottom of its weekly profile. And so, when I take a look at the monthly, there's not a whole lot of information to help us out there. I think what I need to do now, I can do this work, daily and weekly. So let's go take a look at the daily and weekly charge, as well as the 30-minute chart here for Apple. So the level of support that exists underneath that hammer candle is 137.75. So even if you do get a close below the bottom of a hammer candle, 137.75 is support. A close below 137.75. Let's see what today's low was out here so far. 138.27. A close below 137.75 would be bad news, for sure. Let's go back and take a look at right now, we're below the B point of an A to B equal CD to the downside. So we're going to go back and take a look at that momentarily on the screen. That's easier for me to draw that pattern in. The weekly chart here, Nancy says, Apple could be targeting 127.07. And if I look at a 30-minute chart out here, there is the potential for a bottom forming. What I mean by that is there is a bottom forming on the rogment to indicator bottom. That occurred at 130, it's 135 right now, because that was both a bullish and golfing candle. The prior candle was a doji, so it becomes very easy to generate a bullish reversal candle. But that confirms bar number eight of a TD9 count, but more importantly, you already have the confirmation of the rogment to indicator signal. So now, what you should expect from Apple. This is short term. The daily says watch the bottom of the hammer. It's going to rally up to the oscillator and change line 13902. You're probably able to close below that. Well, Apple could go ahead and target the 141 level. That is the bottom of its 30-minute profile. Another profile might form between now and whenever you'd look at the Apple chart, but right now we go with the information that we've got. So let's go back and take a look at the volume on the swing point that Apple is dealing with right now. The actual swing point is right out here from the trading day of September 20th. And that did 123 million shares. And 57 right now, if we multiply that times two, you know, you're getting close to that volume. You're not right at it, but you're getting close to it. So that could set up an A to B equal CD to the downsides. Let's take a look at what that could be. Not there yet. Won't be there yet until we see the close today. So the A point is going to be the high from 9.7. The B point is going to be the low from 9.20. That's what we were looking at from a swing standpoint. And the C point is going to be a shallow retracement in the September 24th. And, you know, it's a 0.382 was 38.77 to be exact. So the 1 to 1 takes you to 131. The 1 to 1.27 takes you to 127. And that's really in play out here, especially if you see a close below Friday's low combined with, you know, that will certainly be a low then between below 141.27. It's A to B equal CD. So I hope that helps you out, Nancy. Did we see any bottoms in there in the daily base? Yeah. We said there was a, did we? I can't remember. Let me just look at the chart here because I don't remember. Sorry about that. Let me take a quick peek here. Yeah, no bottom signal, no bottom signal at all out here. So Nancy, I hope that that helps you out with regard to Apple. Thanks much for writing in and to have a great day as well. Last question I've got here so far by email at 1.37 in the afternoon is coming from David H. and Tom Ball, Texas. And David wants to take a look at the Micro Symbol COP. That's ConocoPhillips. And let's get that going on our three panel screen out here. Let's finish reading the question. Can you give me your support and resistance levels for ConocoPhillips? It's the stock getting close to the upper. Is this stock getting close to the upper end of a rising price channel on a weekly chart? Well, let's take a look at what ConocoPhillips is doing. So you're trading out at $71.89. Behind this move out here, $8 million shares, prices above daily, weekly, and monthly profiles. So with regard to resistance levels, we're going to have to go take a look. So you've got this is likely targeting this being ConocoPhillips. It's likely targeting the swing point out here from October 1st. That swing point is up at $80.24. At the high, the low is $77.59. So that is David the next likely price target. So we'll break here. We'll come back to the break. We'll look at my white background charts. I'll take a look around at the weekly timeframe. That's what we've got up on our screen here. And you were looking at a price channel. I see the trend line I believe that you're looking at. So we'll draw that in for folks as well. Steve Rhodes with TFNN. We'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate, LLC is a firm that has extensive sales in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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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 then hit Watch Tiger TV. That's TFNN.com then hit Watch Tiger TV. Let's see what other signals we might be able to find out here. So let's pull over the little rocket ship and do we see any signs of a top out there? Well, on a daily basis, you are in bar number 7 of a TD9 count. We know that if a top is going to form with that pattern, we'll see that occur on bars 8, 9 or the bar following 9. So that says tomorrow through Thursday has a potential for a top out here. That's on the daily timeframe. The last TD9 count pattern that was formed out here was negated immediately. That was on the trading day of September 24 when that TD9 count formed and the very next day you had a gap to the upside and talked about a strong momentum move and in fact that's what we're seeing play out. On a weekly basis out here price is moving higher. It did have a roadsman to indicator signal trigger but now that is gone. So this is going to be the second gap to the upside that I see on this move higher. Price is above TD9 breakdown resistance level. Here it's next upward price target. David is going to be a 7410 monthly timeframe chart for conical Phillips. What do we have? We do not have any kind of a topping signal. So again price is likely had it back to that prior swing point. That was a bearish engulfing. That's resistance. That is 8024 is its likely price target out there. So I hope that helps you out with regard to conical Phillips, COP again being the ticker symbol and thanks so much for writing in. We have other questions out here that have come in and the answer is no on the email. I take that back. There's one but I see some of the Tigers Den. So let's get to the Tigers Den first and inside the Tigers Den the first question was about what did you want Dan? It was HP I think was it where I'm sorry my apology. I'm just looking through the Tigers Den and come up with it. I think it's HP. Dan tell me if I'm wrong on that but I think HP says okay great. So let's pull out HP and I apologize I don't remember what you're looking for. I think support or resistance. So let's take a look at the let's we're going to give it to you anyways. Let's look at the TAS market profiles. The only resistance in the TAS market profiles comes from the weekly chart and that's in the 3125 level. That's the top of the weekly profile. So support then because price right now is trading up of its bear structured profile. That's at 2867. Dan if price close above that today then 2867 old resistance may become the new support level out here. In the monthly we're just going to simply stay away from that. So let's pull over and the charts for HP my white background charts that is see if we find anything else out here although I said let's stay away from the monthly or not because I've got the monthly chart that just popped up on the screen. So here's what we know about the monthly chart. This did form a valid TD9 count top on June the month of June and ever since then prices pulled back a little bit but price remained above the top of that profile. So really the monthly chart even though it's got a valid top it's really more neutral to bullish with price being above the top of that monthly profile. So that's an important piece of information. Let's go look at the weekly time frame chart and in the weekly time frame chart this formed a nice TD9 count bottom. It did it back on the week of well I'm going to get my cross here out here that was the week of August 20th. So you have a nice confirmed TD9 count bottom price above the oscillator and change line it's green that's bullish and that suggests on a weekly basis price to target 31 and a quarter or 3419 above 3419 you have a change in a change in trend signal on HP. Now let's get to the daily time frame as we mentioned the daily time frame price above the top of that daily profile that's a bullish message out here and I don't have anything more to report on that. This is bar number 8 Dan and if it's going to identify is this going to form a top with a TD9 count we don't know whether will or won't then that top would form between today and Wednesday. So just simply be on the lookout and of course then you'd want to go down to a short-term time frame chart such as a 30-minute chart and see if any levels of support are being broken if they are that tells you you're likely that the TD9 count is going to generate more downside action on the daily basis and that outside action would be what that would take you at least to the top of that profile which I said was potential support, old resistance 2867 becoming new support. If price close below that then you'd be looking at the oscillator and change line as a price target. So right now HP looks a very good potential short-term top out here between today and Wednesday out there and that was HP. Let's see if there's any other questions in the Tigris data there was one from S&P who want to take a look at FANG. So let's go take a look at the FANG that is Diamondback Energy big move today again with good volume behind it it's up above the daily, weekly and monthly profiles in the case of FANG it's up above the top of the July 1st swing point that had 5.5 million you're there with 2.7 seems like a little bit light and the loafers doesn't matter doesn't doesn't matter is the question the answer is no you close above that you're likely off to higher price now with regard to higher price I should have got that going on my white background chart so I'm going to start that up right now see if there's so you're above monthly swing points weekly swing point boy this is looking very promising let's go see if there's any potential for a topping signal that S&P has to be concerned with so let's take a look at the daily timeframe and we're going to see as we open this up is today is going to form bar number 9 of ATD 9 count so S&P it says potential top between today and or tomorrow remember a higher high can occur on the bar following bar number 9 does not negate the pattern out there so that's what you'd be looking at I don't see a reason to sell the position or anything just yet but to be cautious and understand the reason I don't see a reason to sell the signals because I wouldn't have anything on any kind of short-term timeframe as a break of any kind of valid support out here so I'm just looking at a 30 minutes a 15 minute now with a 30 minute chart it had a TD 9 count pattern price is negating that that says prices move higher for that specific timeframe 65 minute you're in a TD 9 count top out here so I'd watch these short-term timeframes that was a 65 we use 65 because we break our day our 390 minute day into equally timed bars and I know somebody says what's the difference between 60 and 65 well it's called the last bar and so when you take a look at candlestick charting for short we take a look at these patterns we want to have equally timed bars to the extent that we can and in this case here we most certainly can so the short-term timeframe charts maybe generating a signal for us NP you know we've got these TD 9 counts just like we looked at the 30 minute that pattern has been negated or is being negated as we speak right now this 30 minute charts can end obviously in 20 10 minutes out here the 65 minute this is the bar that follows bar number 9 so this chart is going to close let's see can I give you a time that would be helpful I don't know we see out here this is going to 1350 oh we just got it there we go 1350 and then that was the end of the bar we just started the new bar out here so this is kind of cool because if price closes above that high and that high is the high of this bar is 104 40 that tells you about a strong moment to move to the upside out there so at this stage here the only thing we see that's potential danger for you is ATD 9 count top but I would not exit this position not at this stage out there so hope that helps you out S&P best of luck to you on that trade and folks we'll be back in just a few minutes to close it up with our 2 minute wrap stay with us 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 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 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating 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even go away today if price in fact closes now I take yeah if price close yeah it's going to go away so there's not going to be even a TD nine count plus the low is on bar number five at this stage so I don't have anything as a bottom signal for you on the daily time frame on the weekly chart out here prices below the weekly profile so I don't have any signal for you there on a 30 minute time frame we can see a nice TD nine count Rosemont indicator bottom back about 30 this is back on September 28 and since then we've really just kind of had a sideways move out here so if you're going to use a 30 minute chart as a gauge Vicki you need to see a close above 6467 to suggest that there might be a bottom maybe the XLU is not going to give one of Stevie's bottoming patterns out there don't know but close above that level that we just talked about would suggest higher price the next question coming in from Hector and the fuel injectors Hector wants to take a look at Newmont mining to have a good price action however the volume is very light thought so let's go take a look at the Newmont mining chart let's look at the daily time frame NEM is the ticker symbol folks and this formed a nice Rosemont to I don't know if it's nice or not but it formed a Rosemont indicator bottom and a TD nine count on the trading day of September 28th prices trying to get back inside of that profile so the real counter trend resistance level is where prices finding resistance that that's at the center of that bullish structured profile and that exactly is priced at $54.83 your price close about $54.83 then $55.71 would be next up and after that $56.98 thoughts you've got the bottoming signals that you need all we have right now is just a sideways move so Hector thanks for writing in everybody thanks so much we've got two more great hours coming up David White with the power trading hour Tom O'Brien he'll bring us on home and I'll see you back tomorrow Tuesday on terrific Tuesday at one o'clock have a magnificent Monday folks thanks for being here