 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the December 20th. The fantastic Friday edition of today's Trader's Edge. I'm your host, Steve. Perseverance Rhodes, who absolutely knows. And he should always be pioneers of our future versus prisoners of our past. Oh, everyone out there is having a great day. Hey, let's sign up. Let's make sure we have a great one. The easiest way to do that is to always remember that life is happening for us, not to us. That's right. We need to make that one little two-by-four shift to means we can find the gift. In every set of circumstance, that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed 1 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, it's all about you. That's right. I'd love to hear from you. You can give me a call at 877-927-6648. We'll take a look at your instrument, whether you're in the trade or not. If you're just surfing around, I'll give you the best view from several different time frames. Of course, if you can't call in, we've got you covered there too. You can send me an email, Steve at tfnn.com inside that subject heading. Please put radio show question, of course, any ping in our Tiger's Den. So let's go ahead and get to it on this fantastic Friday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to LUS Show. Guys in the den, let me know if the charts are being posted here. But right now, we just are the main screen. We can see that all the indices are in the green. Everything trading higher. Spot follow tunics only down seven pennies. I say only down seven pennies because at 1243, it's still not below from about four trading sessions ago. And so we still have that little rising bottoms pattern that we had referred to yesterday. If we take a look at what's moving to the upside out here, dollar-wise, stock-wise, booking holdings is the leader, 17 points, Transdigem Group is up 14, 10x genomics, genomics up 11 or 19 percent, Karuna Therapeutics, that's up 10, BioRad Labs up nine. To the downside, it is Stealth, Stealth Biotherapeutics Corp of $9.63, yikes. ABI Omed, never know how to pronounce that. Down about seven. CarMax off about six. F5 networks down four. So we did have a great, thanks guys. Appreciate that. We did have a couple of requests that came in late yesterday. Let's just get straight to those. We had Dave in California, and Dave was interested in ticker symbol STZ. That is Constellation Brand. So here's the daily, weekly, and monthly timeframe. And we can see that today. Price is right now trading above the top of its daily bare-structured profile. So that's a beautiful thing. That is at $187.30. It suggests that price is going to move higher. Now volume today, about 563,000 shares. The B point of this A to B equal CD had more volume, $1.1 million. So it seems like it may be light in the loafers, so to speak, but we don't care. It's holiday trading. Most of the guys that I know in New York, they're basically gone checking in the office and so forth. So we won't get too hung up into the volume metric. What we will say is that you close above the top of a bare-structured profile. That can suggest a change in trend on the daily basis. You're inside the weekly box. Now that's bullish in structure. That's centerline of $186.72, closer to the bottom than it is to the top. And so it closed above $186.72. You're $188.61 right now, which suggests price could make its way up to the top of that profile. That would be $199. There is a little bit of resistance. It is the bottom of that monthly profile, $189.64. So that's really the next key resistance area. If we take a look at Stevie's other charts out here, look for tops, bottoms, or resistance. We've got $193.97 when the STZ, Consolation Brands, made its bottom out here. It was with a TD9 count. You got to love it with bar number 8 being the low out there. So it looks like $193.97 is in the bag, as long as price closes above the top of that daily profile out there. From a weekly standpoint, let's go see what it says to us. The weekly chart says, it says price has made its way right up to resistance. If this is resistance, that's Stevie's red line. Now on the weekly base, we can also see a TD set up 9 count, also done on bar number 8. If this is only a countertrend rally, this is where price stops basically right here, right now, give or take, because price is trading right now. If price can close over this area, which is about where it's trading right now, so not by a penny or two, then that would say that you could make that run for 210. So you're at that countertrend rally resistance level on the weekly chart, and a close above this area, say $189 or so, that would be positive and suggest that the move should continue higher. From a monthly standpoint out here, we mentioned that price was below the bottom of its daily profile. I don't really have anything here to add. From a monthly chart, we can see that nice bottom that formed out here in January of this year out here, but like many of the stock. So that is Constellation Brand's STZ. That's what I see when we take a look at the charts. That was for Dave in California. John and Sarah Soto want to take a look at a couple of instruments out here. The first one is WLL. Let's go see what WLL is. Doesn't ring a bell, but doesn't matter. That is Whiting Petroleum. Whiting Petroleum above the daily profile. So that is a short-term bullish in between the bullish structure weekly profile above that center, says $787 is likely where this is headed to. And on a monthly basis, it is below the bottom. So let's go take a look at the daily timeframe chart, see if there's any resistance out here, any topping signals, and voila, there is. So this thing here made a TD9 count top right below resistance. Resistance was where this had last broken down. That was at $7.30 out here. So this is stuck between resistance and support. In the case of support, you've got the top of its profile, 638. Then you've got Stevie's red line right around the 585-ish type area out here. So John, if you're asking me what we see in Whiting Petroleum on the shorter term, meaning daily timeframe, looks to me like we're going to see either a sideways move or maybe a pullback to support out here, but not a breakout when we take a look at the $7.30 level. That is a real key area. That is where price had broken down. On a weekly timeframe for Whiting Petroleum, let's go take a look at it. This forms a TD set up 9 count bottom, a Rhodes momentum indicator signal, but no bullish reversal candle yet. So 826, by the way, on the weekly basis is a resistance level out there. So ideally over the course of the next couple of weeks, you get some type of weekly candle that closes to the downside, and then maybe you get that bullish reversal signal. On a monthly timeframe out here, is there anything that we can see inside of Whiting Petroleum? Yeah, price is moving lower. Doing less relative energy. Let me just update this chart here, and you've got a bullish candle, but the month is not over. So, John, I think you are playing in the right sandbox. You've gotten that first move out here. Yes, it's above those daily profiles, but we know we have that resistance level at $7.30. So look for some type of retracement, and especially if it's moving lower into support with some lighter volume out there, then that becomes your buy. Right now, if you're asking me where that buy point is, it's right around the $5.80 area. Steve Roach with TFNM. We'll be right back. The use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. 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Details on The Tiger's Den are on the front page of TFNN.com. 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. You're at the Dow 127S and P18. John is here, so I'd also want to take a look at Disney. The Tiger symbol there is D-I-S. As we take a look at it, we can see that price is testing key support, the bottom of its daily profile, trading just above it. That's 146.77. You're 147.17. In between the weekly profile out there, price has tested and rejected the centerline of that box and you're above the monthly. Let's go take a look at my other chart and see if there's any topping signals out here inside of Disney. Let's remember price has made its way back to support and it is held. And while a lot, there you go. You've got a roads momentum indicator pattern out here. You've got your required bearish reversal candle. That was the bearish engulfing candle that formed out here on the trading day of December the 2nd and price has made its way down to support. So that is held. If price is able to bust through this 146.77 area, John, then Disney could make its way down to 130.51. That is where it last broke out. That's what the daily timeframe chart is telling us. Let's go look at the weekly timeframe chart. Is there any problem in Disney? And well, so you've got a weekly roads momentum indicator top also forming with a bearish engulfing candle and price has now pushed its way down to support that is Stevie's green line. So here, John, the real key level to be watching is 145.52. Look right now it is support that is held but you've got two topping patterns. Daily and weekly. This is the conundrum that we are in. We take a look at many of the indices out there. Although some of these patterns were resolved earlier with today's move higher in the indices but in the case of Disney that is not the case. Now on a monthly basis out here as we take a look at Disney price has also been moving higher doing less relative energy out here but we're just simply going to rely right now on that weekly timeframe. So John, you've got your number. Stevie's green line on the weekly. Watch that. If that level fails to hold the support then price would be headed lower. The next target to the downside 141.08 on that weekly chart that would be the bottom of its profile. So thanks for taking the time to write in. The next question was from Jay in the Tiger's Den. Jay asking, are there any new profiles? Nothing that I have Jester. Nothing on the ES, the NQ, the YM or the RTY. So nothing that I have for the equity futures contracts. Maybe we get something early next week. There is a new profile that was forming or is forming or is at least trying to form. Don't worry. I'll get it out. And that one is coming from Lightsweed Crude. Now here in Lightsweed Crude I'm using my synthetic contract. That's okay. But what we can see is so we've seen a bit of a pullback in Lightsweed Crude but no big deal. When I say no big deal, no big deal because there's no levels of support that have been broken. And here you've got a profile with the top of that box being $61.40, the bottom being $59.37 and the center line of this box at $60.05 would require a close below $59.37 to suggest that there is further retracement or maybe some type of change in trend out there. So that's only a new profile that really bounced out at me as I was just surfing around Jay. And so voila, that is where we're at. If we're wondering why is price, what's price doing in the futures contracts out here because we don't have profiles, we just simply go to those primary trading range levels. Here we can see the Dow, this is the Dow equity futures contract running right in this 28560-ish area. That is its weekly horizontal trading range so we know that the Dow is up towards a resistance level. The NQ is the same thing. The NQ is up at its weekly horizontal resistance level at 87.29. Right now you are trading at 87.14. The ESMini has a little bit further to run before it runs into resistance. That would be its weekly horizontal trading range at 3253. But two of the three are in a resistance area, a resistance zone. Let's go to our next question out here. This one coming in from Johnny D. Johnny D wants to take a look at UNG. Johnny from North Carolina. We take a look at UNG, which we'll do. I don't know what you're looking at it for. I'm going to guess it's for a long trade out there. That's the ETF for natural gas. We really would need to see which contracts actually make up the UNG. I'm going to go look at January, but I doubt it's January. We begin rolling out of that here shortly. When I take a look at the UNG, what I'm really going to do, Johnny, is go take a look at the natural gas contract. I'll take a look at January right now. Today, if you can get natural gas to close above $2.31, it's at $2.33 right now. Then, it's $2.31, by the way, is Stevie's red line. That's really the level that price needs to close above to suggest that there's a further rally. There's an A to B equal CD to the downside. For Stevie's purposes, this A to B equal CD to the downside was not confirmed until the bullish reversal candle form. That was in the trading day of December the 16th. The problem is that what knocked back price on that day was Stevie's red line. That price has rejected that level. This is the first time where we may get it closed. May because the trading session is not over. Watch $2.31. If, Johnny, you see it close above that, and if you see a second close above that come Friday, this is suggesting price would move higher. Now, move higher to where? That's a good question for that. What I would do is go back to the profile levels out here. Let me go ahead and pull out those profiles for natural gas. You can take a look at the daily timeframe. The daily timeframe would say price would get up to about $2.40 to $2.47. $2.40 happens to be the center of its daily profile. This is a bearish structured box. It may just be about $2.40 out there. If you're long, U-N-G, right now everything looks okay. But you'll want to watch natural gas as it approaches the $2.40 to possibly $2.47 level. So, Johnny, best of luck with that trade. Hope that helps you out. Merry Christmas to you as well. Tim writes in, and Tim wants to take a look at TAP. I believe that that is CORE's brewing out there. So, let's go take a look at TAP as the ticker symbol out here. That's an excellent ticker symbol for a beer company. This is trading out at $54.85 today. Nice move today. Price is well above the top of its daily box. This was a bearish structured box. And price moved above it back on the... Well, the last time that there was a test of the top of that box was December 16th. If you take a look at the weekly, weekly out here is right now trading above the top of the weekly profile, $54.59. So, from a weekly perspective, that is intermediate term bullish. And the monthly is inside the box, suggesting a move up to $58.58. It's trading at $54.84. Let's go take a look at the daily timeframe using my other charts out here. What do we see? We don't see much here in day number five of a TD set-up night count. So, this is just suggesting, okay, when this thing can continue to move higher for at least another three or four days out there, not that it can't move higher beyond that, but that's if it does that consecutive closes where each closes above the close four bars earlier, that could be identifying some type of top. I don't see anything here on the weekly timeframe to assist us, more so than what we had before. But you're closing above that weekly profile, so that looks pretty good. On the longer term, the monthly timeframe chart for cores, what is this telling us? Price has been moving lower, doing a less relative energy. It's got a bullish engulfing candle if it can close above $53.55. That's suggesting that this is trying to make a longer term bottom. That is cores brewing. It looks like, to me, this may also have made, did it? Yeah, no, it did not. It did not make wave number seven. This month's bar got a little bit lower, but it looks good. So, this is for Tim. Where do I see an entry? Oh, boy. Tim, we'll cover that as soon as we get back. Steve Rhodes with TFNN. 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 the 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, 6, and 3 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. 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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. Hey, join me Monday morning if you will at 8 o'clock. I'll be recording Monday's show between 8 and 9 here. And so join me for a cup of Joe or maybe a nice hot chocolate or cold chocolate or just any kind of chocolate. Well, make sure it's dark chocolate out there. But please join me on Monday morning, 8 o'clock, for the live taping out there. Of course, you can always send me questions. Wait until Monday morning or Sunday night, though. So back to TAP, back to Molson out here. So I don't have a great entry price. As we take a look at that, I can tell you that if price is able to close above the top of the weekly box, there's a good chance that price will come back and test the top of that area, 54, 59. That's only, you know, it's not that far away from where it's trading right now. So it's not like that entry point is going to be much better than just buying it right now. The daily chart and the daily profiles are really something to take a look at because this is where these profiles are really helpful because when price is able to break above the top of a profile, here, let me just expand the daily timeframe out here. And inside of TAP, so it breaks above it, closes above it on December the 9th. And then this was a bare structured profile. If there's a move back into the box, it's typically where it will find support is where those buyers were, which was at the center line, right? There's both buyers and sellers at that center line, 50, 78. And you saw that on the trading day of December 10th, a test of that level and a rejection pretty close to it on the 11th, a definite test of that on the 13th. And those are really your entry point areas for that. And now it's taken off above that. And so I don't really have a great entry point for you other than saying 54, 59. But if I'm saying 54, 59, what's wrong with 54 and 90? I average true range $1.03. Make sure your stop is well outside of the $1.03. Robert writes in, Robert wants to take a look at BKCC looking for a longer term entry on this. So let's go take a look at BKCC, see what it is. First, that is a black rock capital. This is moving lower. This is trading below the daily profile. Back inside the weekly profile, the weekly profile gives you two levels of potential support. Out here, Robert, the first is 482. The second is 470. So let's go take a look at this on the other chart, see what we can see at this top with any kind of a pattern out here. And we can see the bottom that forms. So the bottom of the roads, we want to mitigate her bottom out here. The bullish engulfing candle after that low on November the first price made its way and where found resistance is where it should have. In this case here was the second level of resistance where price had broken down at 519. That's a green horizontal line. Nothing that I drew in the system automatically drew it in because it knows where prices break out or break down. You're looking for a longer term entry out here. Let's go take a look at the weekly chart, see what we can see on the weekly timeframe. So on the daily, we're uncertain with regard to your entry point. So let's go take a look at the weekly, see if there's something that sticks out at us. 483 is a level, but I'm not sure about that. I think what you need to do, what we should do is really monitor this on the way down. If we look at the monthly, this is not good. When I say this is not good, if you take a look at what's transpired this month, a test and rejection of Stevie's red line, that's at 501. That's after forming the longer term monthly road momentum indicator top. So what I really do, Robert, you're asking for an entry price. I would wait for this to prove itself to you. Now the problem is on the monthly chart, you need a monthly closing above Stevie's red line at 501. So if it starts getting above that, and it's the beginning of the month, you're saying all right, so now what? Now what do I do? Because certainly during the month price was above it, but right now at December the 20th, price is back below, and that is saying a further retracement. Well, if it's a further retracement, 470 is the number I would go with right now, but I continue to monitor the daily chart looking for some type of pattern. Today is going to be bar number five of a TD set up nine counts, so maybe it's about four trading sessions from now. So Robert, I hope that helps you all. Thanks for writing in. Phone lines are open, e-mail lines are open. It looks like we've gotten to everything, so let's just go surf around and see what we can see on the charts. Now I had mentioned to you earlier about the SpotVix Index. So let's go take a look at it. SpotVix Index that we want to pay attention to right here. 1214. So if you're taking a look at the, this is a closing basis, the bottom panel of the chart. December 16th, the close on the spot was 1214. Right now it's trading out at 1246. So we have rising prices in the S&P and a rising bottoms pattern still inside the Spot Volatility. Now look, if price closed below 1214 today or Monday, it will invalidate this pattern, but as long as the pattern remains you should be aware of it, you want to be aware of it, because in the face of rising price and a rising bottoms pattern, that's where we see some types of retracements or some types of tops form. What is that likely to occur? Well, if it's going to occur, it likely doesn't occur until the New York Stock Exchange advanced decline oscillator. That's the difference between its 19 and 39 period exponential moving average of the advanced decline data. And so we're looking for that oscillator to get up to the plus 150 area. Now does it have to get right up to 150 and close there? No, it's at 127 right now. Maybe that's what we would see. Now if there's a close above 150, what that does is that suggests that we should see higher prices in the future. It doesn't tell us how many days in the future or how many months in the future, just that we should. That's the basic rating. But on the other hand, if we see a turn down, if we see a turn down now or we see a turn down right at that 150 level, then what we're going to get, if we're going to get it right here, we could in the New York Stock Exchange get that plus 150 failure. It's what Stevie likes to look at it as. And if you take a look at those red arrows on the top panel of the screen, which is the New York Stock Exchange, you can see what transpired when you got to that 150 failure area out there. So it's something that you're going to want to pay attention to. I'm going to want to pay attention to it. So we are going to pay attention to it. But let's just keep so you got the plus 150 potential fear. By the way, everything looks pretty, so to speak inside the New York Stock Exchange. What do you mean by that jelly bean? I mean, if we take a look at the advanced decline line, we'll just simply punch this up on the chart. That now is panel number two. You're at a new all-time high as we speak right now today. So that is looking good. If we take a look at the volume for the New York Stock Exchange, that too is at a new all-time high. So the market looks pretty healthy. But, you know, even healthy people get sick out there. So instead, let's just pay attention to those small little morsels. The small little morsels such as that rising VIX index on a closing basis. Whoops, where is it? Where is it? Right there. The closing VIX with rising price in the S&P 500. Let simply pay attention to that. What else is that we want to look for? Take a look at Treasury Bonds out here. How do we go from the VIX to the Treasury Bonds? We just did. You're looking around me enough. You'll see some zigs and zags. You'll see that serpentine move from that movie, the in-laws, right? Wasn't that the, I think that was the movie out there? But here's what we know. Here's where these lines, these TD 9 count breakout and breakdowns are so helpful to us. Right now you've got the formation of a hammer candle inside the 30-year Treasury. And where is that a hammer candle? Hammer candle means it's trying to hammer out a bottom. Where is that occurring? Right at the breakout level. $155.17. Price right now in between support, $155.17, and resistance, Stevie's red line. But it looks like T bonds want to hold this area, and maybe could bounce as high as the $160 level. Right now it looks like a solid bottom at breakout support of your eight-pack. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security 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 ten 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%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1,550 per year or 6,200 over the four-year period. That same $50,000 investment in the Tiger First Mortgage Program would give you 3,500 per year or 14,000 over the four years. What should you prefer? 6,200 or 14,000 of interest on your investment. If you'd like more information about the Tiger First Mortgage Program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the Newsletters page of TFNN.com, what are you waiting for? All of the TFNN Newsletters are informative, up-to-date, affordable and must have for every trader looking to gain a competitive informational edge in today's markets. TFNN Newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. 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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 principle. 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 for the latest market information. Welcome back folks. Right now we've got the Dow up 123 S&P is up 17 and let me get my mouse back. That'll make it a little bit easier here. No questions. We've got we've got we've got a nice long segment here of 8 minutes. So it'll be a great time to tell me what you'd like. Just go ahead and punch that in. You can always send me an email at TFNN.com and of course you can always reach me by phone at 877-927-6648 Here we go. I've got my mouse back. So what do we want to do here with our time? What do we want to do? What do we want to do out here? What is it that I can share with you that's going to be helpful? So we've looked at natural gas. We looked at light sweet crude gold. You know, there's not a whole heck of a lot going on there. It's up three bucks. But no big deal. If we take a look at Goldilocks out here, what are you going to see? Really just sideways ish type moves. In fact, let me just do this here. Let me go back. Let's take a look at pull up gold, but let's do this on a weekly basis . What's the deal? Why is this taking so long? Why is this taking so long? It doesn't make any sense to me. But we're going to see if this thing will do its thing out here. Come on. What are you doing? Wow. I don't know. As long as we're waiting here, folks, you guys could help me out with gals and guys. You could all help me out with something. Who should I take in my football pool this time? What's the deal? Game start. We got 16 minutes. 16 minutes. Do I take Buffalo or Charlotte? Buffalo is the favorite. It's favored by a touchdown out here. And I have not seen either of these teams play. And then it's seven o'clock or seven 30. We got Kent State and Utah State. I've taken Utah State. They're about a six and a half or a half. And I'm not sure if Buffalo wins big. Jimmy D. Expand on that a little bit more, would you? Because I have I've got the opportunity to change my picks if I need to. But in the meantime, let's go out to Jupiter and speak with Bill. Bill, thanks for calling. Thanks for holding. How are you? Good, Steve. How much is out? Very good. Very good. You want to take a look at gold, I guess. What are your thoughts on now? I just want to get your thoughts on G. L. D. Okay, so I tell me what you tell me what you're gunning for. What is it that you're looking at? Well, I actually I bought puts and I bought calls. I bought 139 puts and 139 calls. Okay, I'm hoping we get some movement one side of the other on G. L. D. So that's what I was trying to do. So I'm going to try doing it like this. Give me one second here. Um let me try to let me try to pull up my synthetic contract for you. So what I want to do that didn't work. You know, those of us here at T. F. and N. Bill, we went to this typing school and basically when we graduated, none of us knew what we were doing. We had to see our fingers do that all day long. So, uh, um, okay, so here's the weekly chart. And what I'm going to do here is, you know, for really the past six weeks, with the exception of last week, just small body candles out here. It's just like somebody has got their thumb on this. And so I don't know if you're going to really when I have January 3rd January 3rd. Yeah. Um there is not anything that I have tools to really this is just simply you know, it's unusual behavior out here. The last time we saw something like this looks like was down here between April of 2019 and April of 2020 for about six weeks as well. Now there price went ahead and took off to the upside. We'll take off to the upside this time. I don't know. I this gold is got, you know, on the GLD chart as an example. Let me just pull up the weekly time frame chart up here. You know, it shows like gold does. It shows the Rosamund Dominicator top out here. So that's something to pay attention to. I don't know anything about this thing. I'm surely I pulled this over here. Give me a second. I know the gold does you out here the GLD top with the Rosamund Dominicator pattern. Um and I just so I just I don't have anything bill to really help you other than to say, uh, it's going to move. But I don't know when. And I don't know that I don't know that by the way. I don't know that. So when you took this trade, any other thoughts being, you know, as to why why you were expecting gold to move. Uh, Steve in listening to you and Larry and others. I mean, I think. Gold is. It is gold not potentially ready to break out to the upside. I mean, where it's certainly finally begun to move a bit higher on that 40 area. It's moved up into the 80s. I mean, I'm thinking gold is finally beginning to move and moved to the upside now. I have a spread, so it doesn't matter. I went if it goes down. I went if it goes up, but my bias was certainly thinking that maybe it's going up in the in the near future. Yeah, so my bias is that things are just moving sideways right now right now. So there's there's. You know, like that's what I know when I take a look at the charts out here. Is this getting ready to bust out to the upside? If it does, and so that has to be defined. What is bust out to the upside? I think gold can move up to 14 97. But to me, that's not busting out to the upside. If anything, I believe gold is getting ready for another big move to the downside when I look at it. That's what I see. I see a series of in every currency. Lower highs and lower lows in gold. And so always, you know, so that that that's what I see at this stage when I take a look at it. I don't see gold busting out to the upside. Not yet. Okay, no, and the downside is fine with me as well, Stephen, but I don't see I don't see I don't see that right now at this stage. I mean, I mean, it's been sideways for some time. I think so. I mean, if you just simply, you know, if I go all the way back to the other chart that I pulled up and I changed it from a from a candlestick chart, uh, and I just changed this to a line chart out here. It probably is even more. Whoops that was that was a histogram. Where the heck that come from, uh, you know, you know, you know, you know, there's a lot of action out here. When I say that, you know. Here there's your range inside of gold for a six week period of time. So on this chart here, as we pointed out, the only other one that I can find like this takes us back to where it did form a bottom, but at that stage here, price was already moving higher, and that was a retracement. And so there it's easy to find out what's going on here. You know, great, Steve. Very good. Thanks very much. You bet. You bet. Happy holidays to you. That was Bill. Yes, Jupiter. Thank you very much. We'll be right back. Thanks 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 the Chapman wave methodology would have been applied before declining sharply. Later Basil found that computer software which included the standard market technical indicators enhance the degree of accuracy and 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 to buy a new newsletter by visiting the front page of TF and N dot 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 T F N N dot 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. As of September 3rd, Gold Report subscribers have five active open positions. 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 accounts. New 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 T F N N dot 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 additional 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 ionic 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 nutrients that cannot exist without them. That's right page. 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 Nico and page of living a primal lifestyle. Buy it today for just $89. Click on the primal edge banner on the front page of T F N dot com. This is David White. Stay tuned because coming up next is the power trading hour . Welcome back, folks. Don't forget Monday morning. Join me at eight o'clock. I'll be recording Monday's show from eight to nine. We'll take a look at the futures markets try to figure out what transpired over the between Sunday at six and eight a.m. Two questions in here. Clinton wants to take a look wants to know where Stevie's green line is. That's at 1773 that red line turned green and the next several days there's resistance first level to 1805 in 1832 57 out here did form a nice roads went to Mindicator bottom signal back on October the third, but prices failed to take out key resistance out be 1832. So there's your answer. Clinton Tim writes and wants take like an O L P let's go take a look at O L P see what that is. The question is where is a good place to trade sideways when we take a look at this daily time frame chart. So the entry point is going to be around 2676. That is the TD setup breakout area. You do have support at 2721. I don't have anything to suggest that price is going to make its way down there. It's just trading sideways. You ask the question where is a good entry price. It would always be towards the bottom of the consolidation. So there's a good place to trade sideways when we take a look at this. 2679 would be the area that I would be looking at for an entry point in O L P at least that's what the daily time frame says. Let me just pull over the weekly very quickly here. See if there's anything new there. The answer is now there's nothing there. So just a consolidation sideways consolidation, Tim, and you're always best on those next week. Obviously holiday holiday trading. We're already into holiday trading right now. So join me on Monday from from eight to nine. That'll be recording. Obviously you've got Christmas Eve. The next day markets close at one. So if I don't see on Monday, I want you to have a Merry Christmas. I have a safe weekend and I'll see you on the 26th if not eight o'clock on Monday. Take care. Have a great weekend.