 The following is a presentation of TFNN 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 January 15th, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. Now, folks, when you and I make that one little two-by-four shift, you know, instead of to us, it's happening for us. It means we can find the gift in every set of circumstances 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 the bulls and the 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 that I'm absolutely grateful for your presence here, but much, much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial in 877-927-6648. If you can't dial in, well, we've got you covered there, too. Send me an email, steve at tfnn.com, inside the subject, if you would be kind enough to put radio show question. Of course, in our Tiger's Den, well, any ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to less show right now. We've got all the indices. Well, I take that back. The Semiconductor Index is in the red. All the other indices are in the green. Now, they're off their highs. The question is about two minutes ago, we saw the signing of the China-U.S. deal, whatever that deal is. And is this a sell-the-news event? Is it a sell-the-news event? Well, we'll try to answer that question. Of course, we want to answer all of the questions that folks have out there. And the first question really came in from Ian. Now, this came in early this morning, and I do mean early, because it was yesterday. How's that? But Ian writes in, and Ian writes in. And it says, can we take a look at the XLE and the USO from a one-hour daily? We're a support for long-term purchase. So USO is going to be the long, the ETF for going, long light-sweet crude. XLE is the energy sector. So let's do this, Ian. I do want to give you what you want. But to give you the one hour for USO, it really means we should look at the one hour for light-sweet crude. So we'll do that. But let's go take a look at the XLE, the energy sector, inside the S&P 500. You get a feel for what it's doing daily, weekly, and monthly. And here what we can see on this set of charts here, we can see prices below support on the daily timeframe. That would be below the bottom of its bearish structured box. Now, what I want to do here, that's left-hand panel that you're looking at. When price moved below that and it gapped down below that, did that here on the trading day of December 30th? When there was a counter-trend rally, see how this was a bullish-structured profile out here? And when you do close below a bullish-structured profile, certainly two days in a row out there, it's telling you about a change in trend. With regard to counter-trend rallies, bullish-structured because that center at 61.33 was closer to the bottom. It's 61.01 versus 62.12. So now having looked at millions of these charts out here with bullish or bearish structures, and the counter-trend rally moves, there's really two levels of resistance. The first level would be the bottom of the box, and the second level would be the secondary resistance, would be the center of its box. Now, I've seen this work on bullish and bearish structured profiles more often than not, and your real sell area is in that center. Granted, at the center of the box, you have both buyers and sellers, but those buyers had failed to hold that support level, that being the bottom of the box when price moved back below it. So here in the XLE, and I just want to point this out to you and everybody else that's watching this on Tiger TV, so that when you see these profiles, we pull them up, you're asking for places to go long or go short, because this is all about identifying support and resistance. So not unusual to see what we see here on the daily timeframe chart for the XLE. When we look at the weekly timeframe chart, prices back inside its range, its range being the top of the profile at $60.07 down to the bottom at $56.45. Now that too is a bullish structured box. So this would say that if we're trying to use market profiles to understand where price could push lower, it would be back to probably the $57.36 area, the center of that box. Now, on a monthly timeframe chart, for now, this is the one, two, three, four, five, let's say six months in a row for a half a year. Take a look at how the bottom of that profile, and there, again, there's a bullish structured box out here. Take a look at each time price got below the bottom of the box, how basically the center of that box in the 63.36 area acted as a selling area, countertrend rally area. So the XLE is looking like it wants to trade lower, Ian. So if we take a look at Stevie's other charts to see if there's any other patterns that might be out here on the energy sector, price is pulling back. You want to watch the 58.84 level. That's its breakout area, that breakout set up by RTD set up nine count. So that could be if you're looking to buy, which I think you are, watch 58.84. If price closes below that, well, then these other levels on the daily or the weekly profile, 57.36, 56.45 become the targets. But this lines up nicely with regard to that bullish structured monthly or weekly profile we're looking at. If we look at the weekly chart out here, the weekly chart shows us that 59.10 is its oscillator on change line. That could be a level of support. The weekly chart is certainly showing a bottoming pattern out here. And when we took a look at the bullish structured weekly profile, that kind of makes some sense out here. But it does look like we've got a further pullback in on the monthly timeframe. Granted, the monthly were only halfway through the month out here. But here's what we know about the monthly timeframe is that prices tested and rejected Stevie's red line. That's at about 59.96. So about 60 bucks out there. So now you wanted me to take a look at Lightsweed crude. What is Lightsweed? Because of the directional correlation out here, you wanted a one hour. So let me give you the one hour timeframe for Lightsweed crude. Let's pull that over here, see if we can do that. Here's what the one hour chart for Lightsweed crude tells us. Then we'll go take a look at the daily weekly profiles out there, anything else that we can see. Now, we saw that Lightsweed crude did try to form a bottom with road momentum indicator pattern. Now, this was yesterday. Well, that was a few days ago, right? When was it? Yesterday, January 14th. That seems like a few days ago. But what price did was never was able to get up to its breakdown level. Breakdown was 59.22 out here. You're trading back below that low from yesterday at 4 o'clock in the morning. So that's not really good. So it does look like Lightsweed crude, at least on the hourly chart out here, is suggesting that you don't want to trade lower. Let's go look at the other timeframes and go take a look at the market profiles. The market profiles here for Lightsweed crude. We took a look at this, I believe, yesterday. You've got your daily and your weekly. Those are up at the top, your monthly and your quarterly down at the bottom. And 56.94 is a level that we would be looking at for Lightsweed crude. So XLE should, or could, certainly the USO will take its cue from what Lightsweed crude is doing here. So you're going to want to watch that 56.94. Now price did get down close to that level. Today got down to 57.36 out there. So we're only talking about what 40 cents are. Well, no, the actual low. I take that back today. 57.36. Yeah. Look, just just pay attention to that. We don't see any kind of bottom as we speak just yet. Maybe there's one coming in the next couple of days. But USO, XLE, Lightsweed crude, they'll say they want some lower pricing. Steve Rhodes with TFNM. We'll be right back. We're going to go take a look at MJ for peak D in the dead. We'll be right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex. Heated by Steve Dahl, TAS understands that in today's technological world, 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 TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30 day money back guarantee so you have nothing to risk. 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Call now toll free at 1-877-927-6648 internationally at 727-873-7618. 114 TNP 7 NASDAQ 100 up 18 points. Let's go back in to our questions out here. This one coming in from Peak D in the Tiger's Den. Now Peak is asking about ticker symbol MJ and the question is, has it bottomed? But in addition to answering has it bottomed, we've also got to answer the question, what else is it doing? Now, this was no setup or anything, but when we went through that last segment, we were taking a look at the energy sector, XLE. And I want you to focus on the center chart here, the center chart for, by the way, MJ is the alternative harvest ETF out there. Basically it's the pot stock group of our stocks affecting that are inside that ETF. But what I want you to do, we're looking at the XLE and we're taking a look at the weekly, I don't remember what time frame chart was, I think it was the weekly, that had that bare structured profile, one of them, our bullet structured profile, and then price had closed below it. So if you take a look, and then what you and I did was we focused on the two levels of resistance for a counter trend move out here. So if we take a look at that center time frame chart for MJ, what we can see here is we can see that what price has done so far this week, and really it's today, peak as it's run right up into resistance being the bottom of that previously, and it still has a bullet structured profile out here. That bottom is priced out at $18.88. The actual high today so far is $19.04. Now remember what I also said was that it's not unusual in just a counter trend rally for price to either find resistance there or at the center of that profile, $19.69. Now we're going to go back and we're going to take a look at the chart here for MJ, and we're going to see that there's bottoming patterns out there. But you and I don't know at this stage here, is it the true bottom, or are we just in this consolidation? And we really wouldn't know that until price got above $19.69. So price at $18.73 right now would knowing that that could be the end of the counter trend rally, or even today's high could be the end of the counter trend rally, would you enter a long position inside of MJ, even if I share with you that there's a bottom pattern in place out here. Now that's a question that you have to make. When I take a look at the daily time frame chart, it's pretty easy to see the potential of a consolidation. So that potential, that consolidation really running from the bar out here, well actually we've got to go back to the lows from November the 18th out here, but take a look at the consolidation pattern, and I'm just going to put a square around it. It's in green, we should probably change that to a different color, right? I mean just simply so, well why should we change it to a different color Stevo? Okay, we won't, we won't waste any time out there. That just green candles. But it's very possible peak that knowing that what MJ has done is gotten up into resistance, resistance area, that weekly profile. And then when we take a look at the daily, we can see the consolidation of the bottom. That's clear because we've had several tests inside the $16 area. But now the question, and granted prices moving higher, with a good volume today. Now the volume at that potential top of the consolidation, November 21st high, which was 1898, had volume of about 3 million shares. You're at 2.3. So it appears that price is pushing into that swing point with volume, but doesn't mean that it's going to bust through it. All it might mean is that it's just simply going to test it, which it has done. And if it rejects it, which means a close below 1898 today, and maybe it tests that 1898 level again tomorrow. But this could be a consolidation that's going on inside of alternative harvest, along with bottoming patterns. Now, why would Steve even say there was bottoming patterns out here? Well, the answer is because of the rose momentum indicator pattern that formed on November 20th. It had both a bullish piercing candle out there. So that confirmed it. We've seen a number of bullish candles that have formed as prices pulled back into that level. Ignore the red line. Now when I say ignore, ignore because that really was a support level that should go back a bit further out here. So we're not going to focus on that because we've got that profile information really to use out here. So is there a bottom? Yes. Has that bottom led to a breakout? No. Is it possible that it's going to break out? Yeah. Do I know? No. What do you do? I don't know out here. So what do you do? If you're looking to enter into this thing, now is not the time to take that trade. Wait to see if this in fact is some type of consolidation, if in fact resistance exists up to 1969. And then we could take a look at firing away or buying the bottom of that consolidation. So there's also a rose momentum indicator bottom on the weekly timeframe chart. So it is worth noting that if we do see price take out that prior swing point and get above this potential consolidation area, then what you should see is a run up to 2618. But we just don't have that information as we speak right now and we need to trade based upon the information that we have. So I hope that helps you out with regard to MJ. You also wanted to take a look at another symbol out here. So we'll do that. V-I-A-V, V-I-A-V. So let's go take a look at that. I'm getting my other charts here popular. Let's pull this up. See what this is. This is the V-I-V solutions. Now I think the question was buy, sell, or hold. So here's what we know. Price right now today is above the top of a daily profile. If it closes above 1539 peak, it's pretty simple. It says it wants to run higher. Now higher to where? Well, the top of that weekly profile is 1602. This is playing the football game and exactly knowing where the yardage markers are. The yardage markers in essence are our profiles. The top of the bottom of those boxes. You know where support is. You know where resistance is at. It's buyers and sellers. Whatever metaphor it is that you want to use. By the way, the monthly chart price above the profiles out there. So no resistance, so to speak, out there. Let's take a look at the daily timeframe chart. Trade down to 1552 as we speak right now. The question is buy, sell, or hold. We can't say sell. I don't have a topping pattern out here. As long as price closes above the top of that daily box, it certainly is a hold if you have it. Is it a buy? You know, it depends on what, if you're a momentum trader or not out here. But you've got resistance at 1602. You would have to do, and your average daily true range on this equity is 35 cents. So you're not at a bottom, that's for sure. You'd have to be willing to buy this on a breakout. Move if you're a breakout trader, then you'd have to do the math to see if it's worth the reward risk. Because you know that there are sellers sitting at 1602. We don't know if those sellers can get taken out. We just know where they're at. And knowing where they're at, that's a powerful thing. At least I think that it's a powerful thing. I know that it's a powerful thing. Now on the weekly timeframe, price is just underneath Stevie's green line. It has remained under Stevie's green line for a number of weeks out here. So if you were going to ask me, is there a reason to take that momentum trade to the upside right now? I'd have to say no. You would really need to see a close above 1550. Well, let me do this here, because I can't read it exactly. And I do not want to give you bad information. I'd rather give you no information than bad information. The number is 1559. You need to see a close above 1559 tomorrow, because it's a weekly timeframe chart, to suggest that the coast might be clear to take that momentum trade to the upside. Now with regard to the monthly timeframe, let's try to get a feel for what's going on out here. And the monthly timeframe peak, what we know is this formed a TD set up nine count high. And it did it on bar number 10. Now remember, when you get any type of topping pattern, I don't care which one it is. I don't care if it's a Chapman wave topping pattern. I don't care if it's a rosemintum topping pattern. I don't care if it's a TD nine count topping pattern. I don't care if it's the peak D topping pattern, whatever that might be. When you get a topping pattern, all it does is it gives sellers the freedom to try to push price down to support. Where's the first level of support? On VI, AV for its monthly timeframe. Stevie's Green Line, which has already tested and rejected it. It is certainly not a sell, although it has topping conditions on the monthly timeframe. But support, my friend, as hell, will be right. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. 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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. Ron in Denver. Ron, thanks for calling. Thanks for holding. How are you today? Thank you, Steve. Yes, thank you for taking the call. I feel great. Good. I just, I tried to buy some puts on Navida NVDA yesterday and I didn't feel it, it fell too quickly and then this morning it rallied up and I had a GTC. So I, I filled on a February 7th put spread. Okay. 350-242. But I just wondered, what is that? What kind of a target would I look at at 250-242? Yeah. So if we take a look at NVIDIA, we're going to take a look at the daily time frame chart here. And what this did two days ago was this confirmed road's momentum indicator cell signal. It did that when it generated that bearish sash candle. The reason was it because price was moving higher and doing it with less relative energy. Now yesterday, it generated that bearish reversal candle. Price also closed right on Stevie's green line. So since it closed right on that, this was still, even though it had a slightly different. Because price is now under Stevie's green line, which is priced at $247.91. So the green line or red line, whichever color it is right now, it's green, Ron. That would be level one of support. Then the second level we would look to would be our task market profiles. Well, it turns out that what NVIDIA has done today was form a new market profile. And the top of that box is $244.30. The low today is $244.53. Price is above that level of support. Because the top of the profile, which ordinarily would be resistance, it can't be ordinarily resistance in this case because it formed below price. So you're watching $244.30. If price were to close below $244.30, the second level of support will have failed. This is a bullish structured box. We had a daily basis. It does have a bearish pattern out there. So price needs to close above the high from two days ago to suggest a further run because of that resistance that was established by that bearish candle, but if price closed below $244.30, price should run back to between $235.61 and $237.79. Now NVIDIA, Ron, is trading above the top of its weekly and its monthly profiles out there. So the question would be, hey, where's resistance on a weekly timeframe? It's up at $292.76. That's where it had its TD-9 level. Do I see a topping pattern on the weekly timeframe chart? And the answer is I do not. So this would bode well for price continuing to move higher, especially since right now price is above the top of that new daily profile at $244.30. So the daily says, OK, I've got both. It's kind of like a tug of war here. Bullish and a bearish pattern out there. The weekly is all out bullish. The monthly is also all out bullish. It's above the top of its box. It's above the top of its TV screen line, which is $217.28, and this suggests it wants higher price. So the answer to your question, Ron, really lies in between these values out here. The value is the top of the high on January 13, $252.99. If price closes above that, then that would be a signal that price is going to continue to move higher. I'm assuming nothing else forms on the charts out here. Whereas if price falls below $244.30, then that is a pullback to $235.61. So that's what I see when I take a look at the charts. Does that information help you? Thank you very much. It's extremely helpful. Oh, you bet you bet. Best of luck with that trade. Thanks for calling. That was Ron in Denver. Now we've got about six or seven requests out here. So thanks everybody for sending these requests. That means Stevie needs to get his rear end in gear here. The first one is a BAC and would like to know your analysis short term and midterm. That is Bank of America. So a quick look at Bank of America, what do we know? Price may have found support today. It's trading in between its daily's profile, the bottom which is $34.50, the top which is $35.72. It's also trading in between its weekly profile. That formed this week. That's between $34.40 and $35.39. So the analysis is right now what you've got at Bank of America is consolidation. I would say a price close below 34.40 certainly this week. Then that could be suggesting a change in trend. Now the change in trend may only take price back to the top of its monthly profile which is $33.05 out there. But at this date you're consolidating daily and weekly. We can see where buyers and sellers are lined up. Was there a topping pattern? Well, price was moving higher. And it was less relative energy. And what Bank of America actually did was it formed an island top yesterday where it really was today. It had to be today. What do you mean, Stevo? And is this at all-time highs? Just let me pull this back for Bank of... No, it's not at all-time highs. I didn't think it was, but I just wanted to make sure out here. Take a look at two days ago the high was $35.07. Yesterday the low for Bank of America was $35.11. So you've got a little bit of a gap in there and then price gaps down today. So Bank of America, because that island top, if it can bust through support, support on the daily $34.50, support on the weekly $34.40, so we'll go with the $34.40 which suggests that it wants to move lower out there. So again, here's kind of like NVIDIA. We've got a topping pattern, but we also have support that is held. Now the weekly shows us that the pullback today was also to a level of support. The level of support was Stevy's green line which is $34.32. So this is showing a support out here with regard to Bank of America. So that's my analysis. Take a look at, do you want the intermediate term and the short term, and we're going to have to wrap it up there because of the other requests that we have in, and I wanted to simply get to those. The next one coming from Phil. Phil wants to take a look at Nordic American tankers. Ticker symbol there is NAT. And the question is, I'm wondering if your tools have any positive features. Well, let's just go take a look at the tools. So Nordic American tankers below the bottom of its daily profile have been below it for about four days. Not good. It says it wants lower price. Well, lower price, where do we go to? Let's go to the next timeframe. That next timeframe being the weekly timeframe. Well, price is inside. It's a brand new box that formed this week. Price is below the top of that box at $448. Price is pulling back into the $349 to $389 level. That's the center and the bottom of its profile out there. If we take a look at Nordic American tankers on the daily timeframe, forms a roads momentum indicator top, key reversal session, as well as a bearish and golfing candle out there. No sign of a bottom on the daily. Today's going to be bar number five of a potential TD setup. Nine companies got several more days that it has to complete before we can even determine the bottoming pattern. On the weekly pattern out here, a roads momentum indicator top and price trading below Stevie's green line. This is suggesting to you and I, Phil, that this wants to head lower. So head lower, we take a look at those weekly profile again. That suggests Nordic American tankers $389 to $349. You were asking for something to use the word positive. I'm assuming that you are long then. You want me to be positive. That the daily and the weekly have generated topping signals. And I can be positive that there is support between $349 and $389 on Nordic American tankers. So Phil, thanks for writing in. I hope that that helps you out with regard to that trade. John and Sarah Soda wants to take a look at ticker symbol C-U-R-L-F out here and what might be in line for it. It's trading right now. $389, John, it's above the top of its daily, above the top of its weekly, especially if you can close above $704, not enough information on the weekly. When we come back from this breakout here, we'll take a look at Cure Leaf Holding, C-U-R-L-F. My other set of charts to try to help out John and Sarah Soda. Hope you'll write that. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV for the latest market information. Welcome back, folks. Let's keep things rolling, rolling, rolling raw hide. Right now, we're taking a look at Cureleaf Holdings CURLF is a ticker symbol and John, here's what it looks like to me. Again, price trading above the daily and the weekly profile. Looks like an A to B equal CD pattern that is underway. The price projection is 780, trading at 749 as we speak right now. Not that it needs to form a 1 to 1 A to B equal CD. It could be a 1 to 1.272. That would take you up to $8.49 out there, but right now we'll call that first price target $7.80. That's what I see when I take a look at Cureleaf Holdings out there. I hope that helps you out. Do you want me to take a look at another one? Right now, we've got a number of other questions that are in. Let me get to those first and if we've got time, I'll go back and we'll take a look at Expedia for you. HD writes in and HD also has MJ. Looks like it's up pretty good today. Do you have a red or green line on this? We did cover MJ. You may not have heard it, but let me just simply go back. You're looking for a red or green line and in the case of MJ, let me just real quickly do this for you. It is up nicely, but what we were saying out here HD is this could just be a good old fashioned consolidation. I want you to take a look at that daily timeframe chart out here, so make sure that you're tightening up your stop draw. I would suggest that you do that. The reason that we say that is if we could take a look at the weekly chart, it's run right into resistance. There's really two levels of resistance out here. That's 1888 and 1969. The bottom in the center of that bullish structured profile, that price was able to close below. And I don't know the answers. You were asking about the red line or green line. Well, I don't have the red line on the daily as well below price out here, so I don't know why you would need that necessarily. That's around 1687 which is the top of the daily profile as well. It's above the red line on the weekly and on the monthly. If you're looking for a target out here, that target of price can clear this potential consolidation area and clear the resistance levels of that weekly profile be 2417 out there. So hope that that helps you out. If you didn't get a chance, I went through MJ a fairly extensively during the open, so maybe in about an hour the show's recording will be up there and you can go back and take a look at that. Roger writes in and says, what are the chances that today is a weekly or better high for stocks? Weekly or better high? Roger weekly or better high? I think you went to the Stevo school of typing out here. Your mind was saying one thing, but your hands were typing something else. So I don't know what are the chances that today is a weekly or better high for stocks? And of course the question would be, what indices is it that we would be looking at? Let me just do this for everybody out there. Because you're asking a general question out here. So let me give you, let's start with the general response with regard to what are the markets doing right now? We're granted. If we open up we take a look at where are markets trading for example, you've got the Dow 122 points, about 29,000 everything is hit a, well I can't say everything it's hit a new all time high. But here's what we know. We open up this chart or this set of tools, excuse me, this set of tools out here. We've got all the major US indices, each of the sectors in the S&P 500 and we have the equity futures contracts below that. Column number four from the left, you've got your daily road cement and indicator signal. Look at all those topping signals a plethora of topping signals. You've got the Dow Jones industrials got a topping signal, the Russell the, well the XAU has had it for a while the New York Stock Exchange, the semi-conductors the S&P 500, that's just in the daily time frame out there. You've got monthly signals, it just is very much a time of caution. These patterns can go away by price continuing to expire as they have, but doing with more relative strength at this stage here those instruments have not. So if your question is now where else do I go with that open-ended question out here. If we just take a look at the equity futures contracts, let's just simply go there. Let's take a look at the NASDAQ. The NASDAQ has arguably been the powerful one. And if we take a look at the NASDAQ here's what we know. We know that today well we believe that today is going to be bar nine of a TD set-up nine-count. Yesterday would have been nine. Now tomorrow could be that high. I don't know that because if there is a high on this pattern it can occur on bars eight nine or ten. But right now let's go with the information we have. We are going to have a nine-count. The question is it going to be bar number eight or bar number ten out there. Now a price is also done today. It's pulled back in its test at Stevie's Greenline 90, 40, 75. Remember that is like the first line of resistance out here. If we don't have any profiles to go take a look at we're going to go take a look at profiles and see what's going on inside the daily chart for the NQ. But what we would really need Roger some type of bearish reversal candle to suggest that sellers are ready to try to use their muscle out here. And then we need to see levels of support being broken. If your question is today in all time is today the high out there well we don't have that signal as a 147 in the afternoon no reason for me to guess what it's going to look like at the end of the day I would be able to tell you whether we had a bearish it doesn't look like it we're going to. I had mentioned in the NQ now interestingly enough the NQ J this is for you out there and everybody else the NQ is attempting to form a new Taz daily profile. The top of the box would be 91 1475 the bottom is 89 40 it's a bearish structured profile. Meaning if we were to see a close below 90 27 out there. That would suggest that sellers should be able to push price down to 89 40. Now pushing price down to 89 40 somebody that's a really good retracement considering where price is traded to yesterday. The reality is you have to be a good retracement or decent retracement or some kind of retracement but doesn't say that it would be the high. Doesn't would wouldn't say there would be a change in trend. You need to see a close below 89 40 now here's the caveat. I'm using Stevie's advanced Doppler tool and this profile may not form the ES mini yesterday was doing the same thing trying to attempt to form a new profile. But by day's end it did not that may be the same thing going on inside the end queue I don't know we'll know tomorrow maybe I'll know later this evening. Right now we've got to go with the data the data is correct and sellers are trying to defend 91 14 and buyers are trying to support 89 40. So Roger I hope that that answers your question. It's about as best that I could do out there but feel free to write back and I'll be happy to look at things further although probably should write back tomorrow because we're not going to have a lot of time for the last segment here shortly Hector writes in he wants to take a look at and so as we talk why did I write that in there the wrong chart that's OK I'll go back and figure that one out afterwards let me come back here to this and type in and then see what Hector's question is is where does that have to close the week to be a positive move to the top side. Hmm. That's a can you give me an easier question please. Look closing above one eighty six that's the top of its daily profile form two days ago right now it's trading above it it traded it closed above it yesterday it closed above the day before this is suggesting and that does want to move to higher price it also found support at the bottom of its monthly profile which is a buck seventy four out there so that's suggesting that price does want to hire hired aware I would say sixty five to two sixty seven is the next price target to the upside now if this closes above one ninety four today one ninety four Hector and the fuel injectors well one ninety four happens to be a TD nine count breakdown level and if you can hold that today and hold it tomorrow two dollars and thirty seven cents becomes your price target and I think for you that's the type of positive feedback that you wanted and that was for new age beverages corp Steve Rogers T. F. and M. will be right back since nineteen eighty four Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late nineteen seventies into the nineteen eighties Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhance the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of the website at www.goldmarket.com cancel at any time during that trial and pay 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of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com this is David White stay tuned because coming up next is the power trading hour right here on TFNN welcome back folks at $103 S&P 5 points let's go back to John and Sarah Soda he had requested to take a look at ticker symbol XPDA that's X podiders international Washington it's above the top of the daily profile weekly profile and monthly profile so this is looking very very good EXPD if we take a look at the daily time frame chart out here looks like this could be forming an A to B equal CD to the upside that pattern would give you well there's a small one and a larger one out here but price it looks like it's going to head back to its highs out there in the $81 ish level out here John I don't see any topping pattern on any of the other time frame so looks like to me that's where it's headed to we had another request to take a look at CGC that is canopy growth out there that's for one of our dinners let's go take a look at it CGC see what it is doing it's trading above it's daily trading above it's weekly a close today a close tomorrow about 2449 would suggest a change in trend if I look at the daily time frame chart out here for canopy growth today is going to be bar number six of ATD set up nine count I would assume there's an A to B equal CD pattern A to B equal CD pattern to the upside out here that is in play that gives you price projections the one to one is 2692 the one 1.272 is 29 21 so does look like that's where price would like to head to if I look at the weekly time frame chart with price being above its weekly profiles is there a 29 count breakdown or that may be the next target and there is does have that nice roadsman to indicator bottom out here 4107 is the price target out there AK Steve is that OK with you I hope that it is well folks been a wonderful Wednesday you know the markets just can even though markets are pushing higher doing less relative energy it's OK until the sellers show up they may not show up but if they do show up well that could be a problem considering we're in that unfavorable seasonal cycle of January it may not be if only a matter of when stay tuned folks two great hours following your favorite polar bear David White after that Tom O'Brien I'll be back with you on thirsty Thursday so have a wonderful Wednesday