 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Call 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 April 21st the terrific Thursday edition of today's Trader's Edge show and your host DB 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 of 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 circumstances That life is gonna toss at us now today, you and I will go check out the circumstance of these markets We'll go figure out with 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 The more important than that and that's this during this next 16 minutes I'm here to serve you so feel free to pick up that phone dial on in at 877-927-6648 if can't tell Then we've got you covered there, too. You can always send me an email send a quick send it to steam at tfnn.com And inside the subject heading if you'd be kind enough to put radio show question That would be great of course in our Tigers 10 will any and every ping will do so let's go ahead and get this show started a terrific Thursday Of course, this is Tiger financial news network. I'm Steve Rhodes. Welcome to less show right now We've got a sea of red out here You've got the Dow off 63 2 tenths of a cent the S&P down 24 6 tenths of a cent the Nasdaq 108 tenths of a cent or 175 Russell one and four tenths the semis off one and a half percent 48 points the trannies are down three tenths or 48 points out There spot follow tunics up eight and a half percent buck 71 still below its 50 day exponents will be an average gold's off 10 bucks Silver's down 72 cents lights we crude is up a buck natural gas up 11 cents in the 30 year Treasury trained out at 139 21 Lead the charge dollar wise the upside you got Tesla up 54 bucks Belmont industries up 18 or 7% Watsco up 10 or 11 bucks that's up nearly 4% legion travel is up $9 nearly 6% new cores up 9 bucks 5 and a half percent to the downside of this the amazing one Amazon which is off 81 bucks 2 and a half percent Chipotle off 74% Mercado Libre off 44 or 4% Shopify down 39 7 a half percent googles off 35 That's about one and a half percent as well. So what is going on out here? Well, let's do this Let's go switch from this set of charts to our daily time frame Like what if you church hearts go take a look at what signal information they are providing for us We begin by taking a look at the ES many a price got up towards the center of its daily profile That's at the 45 12 level Rejected that it's now trading below a green oscillator and changeline and also trading below the bottom of its daily profile at 44 52 That's a gist running for the 43 75 50 level. That is a TD 9 count breakout Not that's a TD 9 count bottom threshold level if price were to close below that then the signal there would be that the ES Many would be targeting 42 39 So 43 75 50 is going to be the key area. I don't have a guarantee the price is going to get down there I'm what you know would have to look at the intraday charts, which I'm sure we will do during the show out there But right now that's the message 44 52 is a key level to be watching and 43 75 50 If you take a look at the NQ in the upper right-hand side 13 8 76 50 is its very key number If there's a close below that it'll negate the TD 9 count bottom and suggest a move to 13 4 17 If in and in the case of the NQ That's the one that's been the real stick in the mud out here You can see how we've had three tests of that red oscillator and change line again You have a falling price oscillator below zero now failing at the support level at the bottom of its bowl of structure daily profile That would not be a positive outcome, but there was less positive outcome would be a close below 13 8 76 50 In the case of the Dow equity future contract price got up to its TD 9 count breakdown level at the 35 215 area It has given that up and price may be turning out in the case of the Dow equity future contract the signal here Quite frankly is kind of neutral to bullish So we'll just simply go with neutral out here And price might be straight above the top of its daily profile. I take that back It is not taken by the top of its daily profile So right now it's just consolidating with inside its daily profile out there Which is between 34 321 to 35 281 But it's a neutral signal and the reason is because price is still above its green oscillator and change line Which is at about the 34 641 ish area the Russell 2000 trading blow It's red oscillator and change line that could suggest move to the 1980-70 level if price were to close below 1980-70 then we're looking at around all the way back down to the bottom of its consolidation That's that rectangle that you see it's been consolidating for really quite some time ever since the January time period out here. So that's what's going on from a daily standpoint. Let's take a quick peek now Let's do this here. Let's stay on this set of charts. Let's do this Let's get a little bit more granular with regard to the equity future contracts out here We'll go to We'll go to one that uses just the daily is the longest time frame in the upper left now I've got all these intraday signals out here. So what we're looking for is Any kind of a bottom signal five-minute chart nothing there just yet It's triggered erosement to indicator signal but needs a bullish reversal candle and a close above that red oscillator and change line So there's going to be a real kill. Look at how that red oscillator and change line has acted as resistance all day long So now that's a cool thing and it says that's just a short time frame This will help each of you right now that oscillator and change on is 44 33 I don't know where we'll be 10 minutes from now And you can learn how to use this tool just subscribe to mastering probability. They'll teach you all about that But you'll watch the right now 44. Let's call 44 34 There's a close above that on a five minute basis You'll have your first signal of a bounce that bounce that could take us into the 44 51 level You've got a TD 9 count pattern that is forming or has conformed We'll complete in this next five-minute session a 10-minute session. So I'll be a 120 and Again the oscillator and change line becomes its target. That's the 44 45 level. You've got a potential TD 9 count bottom That's assuming that on the 15 minute basis price is able to close back about 44 35 at 44 32 So we'll watch that out there no signal on the 30 minute time frame for a bottom nor on the 60 minute Nor on the 120 nor on the five-hour time frame chart in the five-hour time frame chart this morning generated roads meant to Minicator top this suggests that price being on a target 44 19 So what's the five-minute chart then the 10-minute chart then the 30-minute chart out there now? The five-minute chart against again a close above that red oscillator and change line What suggest a bounce the same with the 10 minute out there and then you know We'll just kind of follow along. So that's what's going on inside the ES mini out here I believe that we've got a caller. So let me see here. We've got Gino. I'm sorry. We've got Garo Garo Thanks for calling Garo Newport Beach, California Garo, how are you? Very good. And how about you sir? Excellent. Thanks so much for asking Tell the folks what what you want to take a look at I'm gonna try to punch up My set of charts of your tools that I have for you, but I think it's the lab you That you're that you're calling about so let the folks know how I can best help you Yes, sir lab you is the opposite of labd and instead of shortening each of them I go along on labd and Lab you today it hit the low of the lows which was on march the 14th was 11 53 And it went lower than that. It went to 11 24 I see that. Hey Garo, my apology girl. We're about to go to a break here If you'd be kind enough to just hold on we'll come back to in about four minutes This is Steve Rose Garo in Newport Beach, California. We're taking a look at the Uh lab you the biotech bowl three x position. We'll 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. 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We're taking a look at LABU, which is the three-time biotech bull For the s and p 500 right right now trading out 1132 So my apology about that that we had to go to that quick break out there girl But uh, go ahead. So it is trading below yesterday's low for sure And back this trading below a number of lows out here. How can I help you? Yes, sir, it not only is from lower than yesterday's low. It's all time low You see I could not find any lower than 1154 free level of 53 But yes, you're right lower 1124 But when I compare that with xbi The xbi the main support that I can see from here, which is 81 77 is around 75 76 dollars But I don't have any lower than Lower for that lbi lbu I don't know how far that can go Uh, but I don't have any tools to know that exactly what's going to be lower than 1124 Is there any way that You have such a number that how far lbu can go it's going to be to a single digit or it's gonna It's going to be different Yeah, great great question And the answer is the the only tool that I have and you really I'd already hinted to it And it's a tool in essence that you're using is look at in essence what the underlying instruments Or instrument in this case is which is the xbi that you had mentioned as well So what we can do is and that's just a one x so we're not dealing with the three x's out there So we can look at the um xbi and I can share with you what it's so it's low out here Looks like it might be around the price point of this is xbi This could take you back in a may of 2006 and that could get down to 1392. It's traded 81 Bucks right now. So as far as how what what happens with regard to labu, you know, I I don't know Maybe they might maybe they do a reverse split or something like that That's typically what they do when things start to get a little bit out of control out here But the question should be what's the xbi Signaling to us, you know, whereas where is a potential level of support here and right now xbi is trading into its most recent swing point, which was march 14 That's a critical level and the swing point low there was 80 34 the high is 85 29 So we're trading inside you right now 17 million shares or would change hands on the 14th today. You're with 8 million shares So girl, this is actually pulling back with lighter volume No, because it's trading with inside that swing point if price got down and tested 80 34 That means at least 80 33 or below Closes back above it on the same day and does with less than 17 million shares That could be the signal of a potential bottom out there because it would be a test and rejection of a swing point It would be on lighter volume Indicated that there's not as many sellers as there were back on the 14th There would be a signal of a potential Of a potential bottom if I look at the weekly chart We can draw a simple trend line off the lows from back in 2020 the march lows of 2020 And then use for our next touch point the lows out here from the week of march the 14th So another grade we can see right now prices hit that level That rising trend line that is the center panel screen that we have out here And it's also testing the bottom of its weekly profile So you've got two real nice areas on a weekly base of support that are being tested garrow And I would say if there's a close at the end of the week below 82 22 That would be suggesting uh, at least a test of that march 14th swing point low and again that area is at 80 34 If you take out the 80 34 level Then um, I would say the next price target is probably down around the 62 94 and that's the march of 2020 Lowes that would be out there. Does that make sense? Wow 62 dollars, so I mean you can go out as far as 62 bucks Well, yeah, I mean on a monthly basis. So on a monthly basis that week of the month of march Was 237 million shares. So today's the 21st. We're at 177 This does about 8 million shares a day It doesn't seem like Just quick math in my head that it's going to have the volume to To bust that out at least at this stage But it's trading inside there and says yeah, I could go test that area But first things first garrow the first thing is the low of march 14th that gets taken out That's when the 62 dollar area comes into play But right now price is testing it's a very key level It's got to confirm that weekly by the d-point pattern And uh price is testing a key level of two key levels of support the bottom that weekly profile on that rising trend line So it's possible that uh l that xbi is going to find support here possible Okay, if that show that l l a b d That how far that can go higher can go can go hit the 50 dollar or 51 dollar or You see the tops Yeah, so the the way that I would trade that and it's the way that I trade so if I'm trading let's say nugget What I will do is I will just focus in on the gdx charts for my signals As opposed to n u gt, which are three x it's the same thing that you're doing here I would be focused on xbi Versus labd as far as where could labd go to boy? I I don't know You know this thing has had so many splits out here gary if we pull labd back This actually says because of all the splits that at some point in time this would have traded at around 15940 no 21 don't wait a minute 21 000 20 7 24 Now both you and I know that this never traded to that So it's one of the reasons why I really don't pay as much attention to the signals on the 2x or the 3x and go back to the 1x for that signal information So I mean this would be if I were to answer your question the way that you presented it I would say no girl. This could get all the way back to 21 000 But but because we know how these we know how these 3x's work. We know that's not a likely outcome So I would just simply stick with the Still trade the labu in the labd But I would really be making those calls off of what's going on inside either xbi or the ibb I think the ibb is the nasdaq biotech and xbi is the s and p biotech So it might might might be at support, but you know to have to prove itself to us On some short-term time frame charts and hasn't done that yet because we're really near the the low of the day basically Very good. Very good. Is there anything else that I can do for you? Thank you. Thank you. Yes. Yes I appreciate it. Thank you, sir You you bet always good to hear from you that was garl in newport beach california and folks would love to hear from you as well eight seven seven nine two seven six six four eight is the Is the number out here now? I'm going to do this since uh, this is we're already talking about biotech area And i'm going to switch over to a different screen I was trying to pull up because I've got some of the details of the ibb out here Dan in the tiger's den was good enough. He was seeing my screen saying hey steve Oh, you really need to go to xbi not the ibb But since I have some of these biotech stocks up here and and we can take a look at the ibb Which is what i'm going to do right now. Here what you're looking at are the top eight stocks That was as of last night's close out here. So we take a look at the top eight stocks am gen I don't see a topping signal looks like this wants to continue to move higher out here Gilead, this is a trade above the top of its uh weekly pro a daily profile looks like once target 66 38 In the case of regenerant pharmaceuticals. It's in a bearish structure daily profile That may be may be targeting 691 the bottom of the daily profile Vertex pharmaceuticals just consolidating with inside its profile between 277 and 290 Moderna looks like it wants to target 132 IQ v I don't know what that is. Does it matter? It's still kind of neutral, right? It's got a td9 count top the price has been holding that green oscillator and change line. So we'll go with uh, um a neutral signal there Illumina Not much here To help us with but those are the top eight instruments inside of the ibb Another way to uh trade this so we really want to do the same thing for xbi go get the top eight or 10 weighted instruments See what they're doing They will always help us and identify What the market's intention is or what the etf's intention is that has all been zeroed with tfn We'll be right The gold market has taken off top side in a large way If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metals sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xiu Gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger stand available to all tigers and tigers for just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o bryan 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 guardleaf abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months searching to find And right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 jay just posted in the tiger's den here for sped german geronpaul Interview at the imf economic debate that is appropriate in his view to move more quickly on interest rates 50 basis point hike on the table for the next meeting uh all to uh supposedly Combat inflation now. That's the most disengaged not now what jay put in there is is It's the most disingenuous statement that a person could make not jay, but federal Chair of geronpaul tell me how is raising interest rates going to reduce inflation? Inflation the inflation that we're dealing with right now. It's supply chain out here You can all the raising interest rates is going to do is make it even worse I wish these people would be honest really I mean it is just uh, you just want to blow your brains out Well, I don't want to blow my brains out instead. What I want to do is go on to the next uh Oh, well actually what we've got up on the screen here right now This was a request from peter in park city and the peter was asking about the new york stock exchange He advanced the climbing oscillator, which right now That's the center panel out here and you can see it's printed at a minus 12 and change out there Now yesterday it closed above zero that was day number one above zero You know, we've got that two-day rule above support or below support and above resistance You know to the confirm well the new york stock exchange in essence has the same Tool out here and that is you need two days above or below that zero threshold level to confirm Which side of the Trade either who has who has control of the markets the general markets so to speak out here This new york stock exchange really can add so because it was only one day above it And if today closes back below zero I don't know whether it will or won't peter if it closes below zero Then it says sellers row is in control if it closes back above zero Then we'd have day number two and that would say that buyers are the ones that are in control So it's going to be an end of day reading not a reading as we speak right now So that's something that you'll know you want to take a look at perhaps we can take a look at that tomorrow as well So we've taken care of that I think I've gotten to everything in the tiger's den But there's so much stuff that has been posted in here If if I if you were looking for something specific if you could you know, either type that in That would be helpful or you can type it into me individually and I'll be happy to get to that And so let's go to let's go to our first question This one is coming in from nick nick a and nick says hey steve Do you have time when you cover mj? And some of its components like cron a cb till ray. Thank you for all the great work you do Ah, you're welcome. So let's go take a look at so what we can do here. Nicholas is um Let's do this if you give me a moment I've got I went ahead and open this up. I make sure it's all said here. Yeah, okay great. So we can We can go take a look at the components that make up the mj now This may not have been updated during the last five six days out here When I say this, let me change the screen so you can see what it is that we're looking at Which are the components? So this is basically the top eight components. Maybe not in this order For the end for the alternative part of a ctf, which is what Nicholas is asking about mj So here we can see in the case of till ray till ray negated a td9 count bottom is clearly going to target its breakout level 518 you're trading at 5 34 only bar number six today 518 may be a buy area Don't know we can say that cgc canopy growth blew through its td9 count pattern blew through its breakout level 625 and is right now testing its swing points from back in See when this was this probably march 24th march 14th March 15. Uh, yeah march 15 So I don't have the volumes on here to take a look at but that's one of the things that I would look at there Nicholas, you've got sndl. Looks like that's going to go target the 47 cent area grwg I don't see a bottom here Fact is taking out lows with no bottom signal. Don't know what the volume is that? Yes about cron Cron has pulled back to its breakout level of 312 no bottom signal That could be a bottom but based on the fact that canopy growth is blown through its breakout level Well, only one of those eight have done that Well, a cb aurora cannabis is testing that area right now. So 318. So maybe nicholas. Maybe watch a cb See what that does but if it if it closed to blow The 318 level you're 317 right now that suggests going and testing its swing point low So basically if you're looking for an entry into mj if we take a look at these top eight instruments out here They're not really giving us that signal as we speak at the moment Now if we take a look at mj itself, let me pull this chart over here It is also right at its td9 count breakout area. So will 872 hold? I don't know But if it does then what we should see is a bounce up to the 924 928 level We'll call it 928 and if 872 fails, then we're back to the lows out here It looks like I'm sure that is probably march the 15th as well or it's the 14th march 14th So let me do this here. Let's get off of these charts. Well, we went ahead and gave Nicholas the view of of the some of the holdings with inside there again Nothing that blows our mind to say that mj is bottoming other maybe a couple of tests of the breakout level of support Let's go back to my black background screens And let's go take a look at some of the a couple of volume Aspects and the first one that we'll look at when we get out here is which one. So first, let's get to our three panel chart free time frame there we go and which one is I say it was Canopy growth was the first one cgc is testing that swing point area It's just really just the daily time frame that we're looking at here And just looking for a volume aspect here for Nicholas So the volume aspect looks like the low was actually on the 15th that low is 562 That that is a swing point volume there about 4.5 million you're into a 3.6 million shares So it's pulling into a swing point hasn't tested it But with enough volume to say that not a bottom it's going to least or it should go test that area That's what canopy growth is suggesting aurora cannabis a cb is also pulling back looks like into that swing point area This one looks like it's the 14th It is the 14th. That's a swing and has six million shares. You're at 5.1 today Now what it's doing though the high of that swing point is three dollars and 18 you're 316 So close below 318. Nicholas is going to suggest that this is going to go test the lows and that would be at the 289 level Let me see cron let me see if that was testing If that was tested that's tested to swing point as well And it is so the swing point low here 96 it's either the 15th or the 14th. They both have the same blow So you got volume of 1.6 2 million shares. Let's say that was on the 14th and you're at 890 So if you're gonna so here's here's one where you could get this could give you a buy signal But just if this gives you the buy signal But the others don't in ace and and and mj closes below that breakout level You know I wouldn't suggest taking but this is this is the better looking of everything that we've looked at so far Now what I mean by that is that if price can close today above 311 or 315 It looks like what you will have is a test and rejection of a swing point on lighter volume But again, you know one stock that gives you that test where the others don't or the etf itself is saying You know, maybe I want to head lower But I you know continue to watch a cro and that is a chronos group out there So Nicholas, I hope that helps you out I hope that gave you the information that you were looking for and thanks so much for the request The next question coming in from michael p michael wants to take a look at he says I asked about arkk About a week ago went right to where you said 60 bucks. Well, let's go ahead. That's a beautiful thing arkk Let's pull this up on the screen and Now it's at 53 88. Okay So 53 88. Well, let's finish reading the question Michael says I see it going to 38 next few months looking at a three-year chart So let's go take a look at what we get back to this break arkk Try to get a feel for where this is heading you see We'll be right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology That shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trigger Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 dollars and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk free today with our 30 day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments dot com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing The prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight 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 Back so michael we've got the daily chart up here for you for arkk And it is right now testing its swing point for march the uh 15th out there now that swing point had volume of about 29 millions years You're pulling back right now with 17 million So you're pulling back into it with lighter volume what you want to look for today Is well first of all your suggestion this might pull back to the 53 dollar area Or you already i'm sorry Yeah at the 38 dollar area in order for that to happen You've got to take out the march uh 15th low and right now prices point back into a light volume And in fact if you get a close about 54 72 today You will have a test and rejection on lighter volume now I'm assuming it's lighter volume you'd have to come back at four o'clock to confirm that but right now is 143 That's what it looks like to me with regard to that now Let's do this. Let's pull over my white background chart As well as one place to start and here we take a look at the daily time frame We can see that prices trading below a breakout level as well as a td9 count bottom But it's trading into that swing point with lighter volume. So Uh, the daily chart says watch the swing point if it closes inside there even if it's on light volume likely that low gets tested weekly time frame chart tells us what prices trading back at the support level Don't know what it's going to be tomorrow, but prices trading to support That's the bottom of its weekly profile monthly time frame chart is where if the daily March 15th candle session fails price closes below it with or without volume Then michael that takes us to your 38 dollar area, which is really 39 41 to be exact And that is a monthly td9 count breakout level this form of td9 count top You're in bar number eight It needs to get below the low of last month either this month or next month or the month after in order to generate A monthly td9 count bottom, but there's where your 39 40 comes to uh, and then real quickly on a 30 minute time frame chart You've got now a td9 count bottom of this form prices testing oscillator and change line If price, uh, we're to close above that you get a move up to 55 73 Maybe even 58 73 whereas if it rejects this and it takes out the low of the day Well, then that's going to be a signal to you michael that price is going to go test the low of that march 15th level But it's doing it on lighter volume out there So you still got to get a close below that march 15th in order for you to get that signal that you're looking at now Real quickly here and I do mean quickly I can just simply uh post or show you the top eight instruments Or at least were the top eight instruments a week ago the first one here being tesla tesla right now running to resist Is the top of its profile tele dock? Uh looks bearish or looks like it wants to head lower straight below the bottom of its profile red oscillator and change line Roku testing the breakout level Of its td9 count trading below that so that looks like it wants lower You need a bullish reversal candle in coin out there to Generate a road's momentum indicator signal. So yeah, right now. We're not exactly seeing any uh Enthusiasm for a bottom. It looks like that 30-minute chart is just uh Suggesting a counter trend move. So hope that helps you out Michael, thanks much for taking the time to write in and have a great day Now you also wanted to take a look at tick symbol d riv So i'm just going to do that on the black background charts here for you real quick And uh, and they get onto. Oops. I gotta actually type in the right symbol d riv We get that going out here. Yes, let me get to the right screen. I'm not on the right screen. Let's get to that And Here we go. So you just wanted me to look at it Let me see here think of d riv uh ev fun. You went short today. Okay, great So you went short today and right now what it's also doing is testing support And that's the bottom of its profile. So you'd love to see a close below 25 39 Now last time price was down here. Michael was april 12th. It did 216 000 shares You're 157 right now. So it's similar volume. It's not like it's blowing it away Of course, you'd like to blow away the low which is 2507 that would then give an a to b equal cd to the downside You've got a support level which is at the bottom of its weekly profile and not too far away from its rising trend line That's in the 24 95 level and the monthly is trading below the um The bottom of its profile. Let me uh, give me a moment here and get to the my My other radio show charts. I can't leave it like this Uh, but I do have one chart that I can put up just for the daily timeframe. I think yeah And uh, d riv and see if there's any other signals coming from it that that you need to be aware of But right now the signal that you need to be aware of because you went short is 25 39 If that level holds because you're pulling back on light volume, you might just take today's profits Uh, really, um, and if you get a close below it, uh, okay, you go ahead and stay with the trade But here's the daily timeframe chart Uh, 25 14 is a td nine count breakout level. Now, I know that this hasn't updated for today's pricing And for some reason I've got too many things running. I was getting to so 25 So the key level here that you need to see this close below another key level is 25 14 If you get that then you get it back to the march, uh, 15th trading session out there. There we go So it's going to be that 25 14 level that you want to see this thing crack So I hope that helps you out. Michael. Thanks again for writing in let's go to our next question Our next question coming in from david h. This is david in tobball, texas He wants to take a look at newmont mining now newmont mining is not looking good I looked at that this morning and em is the ticker symbol So let's get that, uh, fired up here on our black background screens for the moment And we'll get it also going on the white background screen screens it Is it, uh, can you give me an entry point on newmont? Is it pulling back today? It is pulling back to the uh, where's the oul the daily on the weekly charts? Well, what this is doing As we take a look at it right now Is it trading below a brand new profile that formed a couple of days ago? So that's a problem with regard to newmont mining. Why is it a problem? Well, if we take a look at this uptrend that we've been in in the case of newmont mining You know, which is the number one weighted uh instrument inside of the gdx notice this Let's say the bottom formed out here on december the second Look at how each of the pullbacks found support at their daily profiles each of them We have not seen a bottom of a daily profile give way until today So david that says hey time for us to step back take a look at this because what is the number one instrument signaling to us now It's possible that it's just a simple flush And that simple flush is going to end today And the proof of that will really be tomorrow. What do you mean steve? Well, you're confusing me. You're talking about today and now tomorrow Well, what i'm really referring to is the fact that price is pulled back to the top of its weekly profile I am not suggesting entering i'm suggesting observing at this stage here If price closed below 76 39 is trading at 76 33 not today But tomorrow's closed that's going to suggest a further pullback inside of newmont mining So you're looking for a buy area and this is another another way that these profiles really help us right because take a look at the trend out here This is not steve Interpretate it's not my interpretation. I'm just narrating what the charts are and you get to look at the same thing You tell me how important were the bottoms of these profiles on newmont mining on the way up Extraordinarily important now Today's busting through it with volume your 9 million shares today. That's got to say or give you a reason to pause So now we take a look at the daily time frame chart out here. Where is this possibly headed to? Well The daily chart says if you get back to 59 86 That's not what i'm saying It's going to do because we've got other levels of support that we looked at in the weekly chart Well, it turns out in the weekly chart, david You also are pulling back to your green us that are in change line as long as this area holds out here Well, then it's going to give you for the weekly time frame a neutral signal from a monthly standpoint What do we have out here? Month isn't over, but you could generate a rose meant to mitigate her top On a weekly on a yearly basis. This is this is the skin. We're getting different signals out here But i gotta share a wall with you and right now as we speak Newmont mining is in full out blown bullish moe That's right. Why does steve say that we're trading right now still above yesterday's high And that's the instrument. That's the that's a absolute indication of a bullish instrument up there as long as it remains above 75 31 That's the call of the yearly chart. So at this stage here, david, let's look at this tomorrow not today See what you have to have. Hope you're right back 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 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 You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. 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Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors The gold market has taken off topside in a large way If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u h ui gdx as well as more than 30 different mining equities To sift yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade sign up today 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 Even in town ball texas, you've got a couple of genders that have got your back They're telling us that uh tomorrow morning at about 705 is when uh the numbers should be released for a new month mining So maybe you'll have some more information there and and right back tomorrow and we'll take a look at it during the uh one o'clock show Let's go to our next question out here. This one is from me Me when we maybe want to take a look at Verizon, which is trading back towards prior swing points doing a little bit later volume 27 million shares When it was last back at these highs 36 million shares and right now you're 19 Million the question is a Verizon report tomorrow comment on the charts, please So let me pull over the other daily So we know you're headed up to a swing point you're testing it on lighter volume Is it going to be able to bust through that level? I don't know 55 34 is also its td9 account breakdown level You're 55 34 Are you long the position? You know, I mean it looks good, but price is up at resistance So, uh, you know that may be all she wrote on the weekly chart out here all sort resistance at 55 50 So, um, what is this going to do tomorrow numbers and so forth? I don't know Uh, it is uh, but you're up at a resistance area And uh, that's about all that I can share with you Mimi. I wish I could share more But that's uh, that's it and I don't know what else you were looking for On this let's go to the next question out here Be the last question of the day because we're out of time unfortunately And that is from hector wants to take a look at the cvx So let me pull over the cvx charts out here and just to narrate to you what they are telling us So I don't uh spend, uh, just valuable Seconds that we have just such a few of so we take a look at cvx You've got a td9 account and now roads meant to mitigate our top and price right now is just consolidating with inside its daily profile And that's between the range of about 163 21 and 167 59 the breakout area out here is 163 42 So we're going to call this 163 21 a key level price is likely targeting that area You don't you've got a topping pattern But until you break through the bottom of this profile out here, you really don't have a confirmed cell signal or anything Exxon this is a chevron much like we took a look at For one of those other instruments. I forget which one it was Newmont mining. Look at how the bottom of these profiles have held as a handout So, uh, likely headed that cvx this is 163 42 Folks stay tuned your favorite polar bear. David white is up next. Tom will bridal bring us on home And I'll be back with you on fantastic Friday 1x larger have a terrific thursday folks. Thanks for joining us