 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks, welcome to the April 28th, a fantastic Friday 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's having a great day. Hey, let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us, not to us. That's right. If you and I make that one little two-by-four shift, 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 circumstances of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I am absolutely grateful for your presence here, but even more important than that. And that's this, during this next 53 minutes I'm here to serve you. So feel free to pick up that phone and dial on it at 877-927-66 for it. Now if you've got a question but you can't dial in, go ahead and send me an email. Send that off to Steve at TFNN.com. Inside the subject, hitting please put radio show question. Of course, if you're inside our Tiger's Den, well then any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. A bit of a mixed bag out there. Now up 119, the S&P up 10, the Nasdaq 100 up 26, Brussels up 11, Summai's up 11, Trend is up 157, New York Stock Exchange up 57, Gold's up 2 bucks, Silver's up a nickel, Light's Recruit is up a buck 17, we're having a party, natural gas is even up 4 cents, 30 Treasury printed out at 131.20, that's up 1.7 ticks, leading the charge, dollar wise the upside, you've got the top financial group limited, up 764% must be an IPO, 152 bucks moved to the upside. Yeah, I hope you have a little bit of that. But Zaya, the freight company up 25 bucks, nearly 10% charter communication, a little over 7% or 25 bucks, Mercado Libre 22 bucks, that's kind of be one of the more volatile stocks out there, Mercado Libre and Chipotle's up 15 bucks, a little less than 1%. Now to the downside, it's at its home care core of 27%, I hope you don't have any of that, that's down 30 bucks in first solar, not far behind off 29 bucks, but only 15%, so cut in half. You've got the Aeon PLC down 5% or 15 bucks, Cloudflare's up about 15 bucks or 26%. There's some guys get taken a big hit today, HubSpot is down 3%, that's only about 12 bucks to the downside. So let's begin like we have recently, let's try to understand where are we at from a market breast standpoint, let's start with our longer term time frames, we'll take a look at both the S&P and the NDX100, this is the S&P 500, we're bullish 60, bullish 240, daily is slightly bearish, meaning there's 120 instruments trading above the daily profile versus 184 below, I'd say that's a little bit more than just slightly bearish. If we take a look at the weekly time frame, the weekly time frame says 128 above, 132 below, so it's really the daily that the buyers have to really conquer out there, so they've got their work cut out for them. With regard to the daily time frame, we're going to see that price is up at resistance when we take a look at the EES mini, actually right now it's trading above resistance, but we'll still take a look at that. The NDX100 with regard to its market breadth and here's where it gets dangerous for anybody trying to short the market, just recognize that what you're up against is a steamroller baby, you've got the 60, 240, daily in the weekly, all with bullish market breadth. Let's just take a look at them in detail, 67 above, 17 below for the one hour chart, we take a look at the four hour chart, what you've got is 52 above, 15 below, that's very strong, let's take a look at the daily time frame, the daily's got 32 above, 29 below, so here we're just kind of teetering, but you still have that bullish crossover, and we're going to get that same type of numbers on the weekly, we've got 25 above and 24 below, but do recognize the NQ, the NASDAQ 100 is bullish for all of its time frames, and it can absolutely lift all boats higher out there, but it's got to deal with resistance as well. We also have the 30 minute time frame, and in the 30 minute we take a look at this is for the S&P 500, 153 above, 129 below, and let's switch that over to the NDX100, I'm assuming this is also going to be in a bullish mode out there, but it could be wrong, I am wrong, 22 above and 38 below, so it's a 30 minute chart, we take a look at the NQ that we'll want to pay attention to out there, but let's start by taking a look at, well, let's do this here, let's come back to this chart, while I'm here, so here's the daily time frame, so we can see yesterday the rally stopped really at the top of its weekly profile, 13348, but also closed just, it closed at what the close was, 1320, what was yesterday's close, sorry, just got to hover over the right thing, 13231 at the top of that profile, 13226, so that's your resistance zone that price is dealing with, again, 13226 to 13348, the yesterday, that close was right on that oscillator and chain sign, so it too hit resistance, it's trading just above right now, a close above it's going to suggest to move to 4188 to 4198, that's both the top of the daily and the weekly profiles respectively, in the case of the Dow equity future contract, back inside its profile, he wants to target the top, which is at 34209, now the Russell 2000 has formed a new profile, this one's kind of an odd profile, when I say odd, it formed above price, that's a bearish message, however, when I read look at it, the low is above the prior low and the high is above the prior high, so from a trending standpoint, it's actually kind of bullish, but it can't get bullish until price gets back inside that profile, and more so than that, it must close above 178931, that's the center of that bullish structured profile, so you've got the Russell that's at resistance. Yesterday, the interesting thing about the Dow equity future contract, let me just blow this up here, just so we're each looking at the same thing, and actually let me turn off the trend lines, just make clear this up just a tad, give me a moment, and if you'll notice that this is a bullish structured profile, and price closed below it on the trading day of the 25th as well as the 26th out there, two days below the bottom profile says a counter trend move will stop at resistance, that's the center of that profile, 33975, now I have no idea where price is going to close tonight, but a price close above 33975 and we haven't hit 34209, price is headed to 34209, typically, whenever you close above the center of a bullish structured profile, buyers have the strength to get it up to the top of the profile where those sellers are at, and then it's their turn to try to take a hit at it. If we take a look at the New York Stock Exchange, New York Stock Exchange right now, this was in that extreme oversold or overbought reading, that worked its way off and got down to the oversold level yesterday morning, and now price is up above the zero threshold level. So now you need to consecutive close above, but right now it's signaling that buyers are the ones that are trying to take control, that is most certainly what we see when we take a look at the spotball of Tildex, which is trading below right now, yesterday's low, that's a bearish message for it, that's a bullish message for the S&P 500, and then finally, we can go take a look at our Apigee Paragee Pivot Points, in this case here, it's Apigee came in this morning at about 119, I think was the exact time, and you take that exact time, you note on your charts exactly what that price point is at, and which is very easy to do when you're trading the futures out there, and you can see right now that the ESMini is trading above Apigee, from a short-term standpoint folks, that is a bullish signal. I do realize folks went short, the ESMini, you had to or should be aware of that Apigee Pivot Point, why? Because the ESMini got right down to it and held, that is not the bearish signal that you want to take a look at out there, in the case of the NQ, that would be your bastion of hope out there, price did get above it right back below, and that key number there for the NQ is 13234. Steve Rhodes with TFNN, give us a call folks, 877-927-6648, or you can send me an email, send that off to Steve at TFNN.com. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. 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. After all, it's impossible to predict the future, right? 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 Basil 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 in stock prices. Get the opening call newsletter by Basil Chapman and 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. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. Let's start taking a look at some questions. I'll go a little out of order here and the reason is because we're just taking a look at the equity future markets out there and really that's the first question I'm going to go into which is from G-Man. So G-Man inside the Tiger's Den says, can we take a look at the IWM for a long call entry? Here, your target is 179. So if you're already in the trade, I get that. If you're not in the trade, let's just review whether you're in the trade or not what we would take a look at. Now one thing I want to point out G-Man and I appreciate the question very much. We might have a caller in the line. Do we have a caller? You're seeing my home screen. Yeah, I want you to see my home screen. Perfect. So we're all in sync here. So the first thing that I want to do G-Man is in order for me to really answer that question, you already know that I'm going to go back to the equity future contract and the reason is because it actually shows much different information than if we're to take a look at the IWM. You are in the trade. So first let me go and I'm going to go to a short-term timeframe out there. And in the short-term timeframe, what you'll see, this is a 30-minute chart here for the Russell 2000. So here you'll see the A to B equal CD. You've got a price projection of 179. I'm not sure how you came up with it. It doesn't really matter. Right now we're taking advantage of the data that we have available to us. And the data that we have available to us shows us that the A point for this A to B equal CD formed down here at 11 o'clock in the morning and that was yesterday. Makes a nice little rally up into this B point at 1762. That was three o'clock in the afternoon yesterday. We get a retracement into about six this morning. It was actually 4.30 this morning for the Russell 2000. That set up the C point. That was a 65. So we'll call it a 0.618 retracement. Setting up that A to B equal CD pattern. Now, what we don't have out here right now in the Russell for the 30-minute timeframe is a bearish reversal candidate to confirm this pattern. But we've got to go take a look at the other charts, oh, G-man, just to see where we're at with regards. As I take a look at this, we could easily have a TD9 count pattern this out here. So we want to most certainly take a look at that. But first, I want to go with regard to the A to B equal CD. Here it's very clear. So if you're in that trade, I would have a stop, a trailing stop at least at this stage here because we've already achieved the one-to-one price target. It was a 0.618. It was a little bit more than that retracement. This could be just basically about a one-to-one move. Could be. Now, when we go over and take a look at the 30-minute chart, whoops, that wasn't it. It was, I think, put it right here. So I switch this over to take a look at a 30-minute chart here for the IWM. And you can see here, the only A to B equal CD pattern I could really draw in. Well, we know that's not, that can't be accurate. That's just a 23 percent retracement. The other one that I could draw in here, which I hate to do, what I mean by that is because I have to use the exact same swing point for the high and the low of the B point and would look like this. But either way, at least there, you get a 0.382 retracement. Now, that would give you the one-to-one price projection of $176. So you're in $179 in the IWM. That looks like that's probably the low of the gap. No, it's not even. The low of the gap out there was $177.21. But so you're in this A to B equal CD pattern out here as well. But it's really the A to B equal CD for the Russell 2000 equity future contract versus this one. So if you're using the A to B equal CD tool as a price projection, really, pay attention to the equity future contract. You're going to trade the Russell 2000. I really do suggest that you get access to the futures contract. You don't have to trade it, but you want to understand the patterns. Now, speaking of wanting to understand the patterns, and I don't know that it's a 30-minute chart that I just chose that time. That was a random time. It's kind of a time that we like to use intraday just to understand what's going on with the markets. Now let's go take a look at the white background charts of the Russell 2000. And here we take a look at that 30-minute chart where we took like an A to B equal CD. We now see a TD9 count top that's in place here. And this is a real good reason for you to have a trailing stop in place here. Now, what you're looking for is you're looking for price to close above the high of this pattern. And the high of this pattern is out at the 1779-40 area. If you get up above that, well then you might get beyond your 179 even in the IWM. But what this would tell you is that right after forming a TD9 count top, that this just simply negated it, unlike the TD9 count top. Remember we took a look at how price rallied yesterday into 330. That was a TD9 count top on that 30-minute chart. And then we got that back off down that actually formed an A by the D point pattern to the downside out there. This was more than a 1 to 1 A to B equal CD to the downside for sure, but it was that bullish regolf, bull sash candle, I should say, that confirmed that by the D point, or in this case here that Gartley buy pattern. So have a stop in place. We don't have any new profiles for a 30-minute time. What time frame G-man do you use? I should really ask that question because what I should do is put up that time frame chart for you so that way you've got those particulars. But again, I'll just use the 30 right now. You know, you've got your stop in place so that's great on a trailing. Let's just take a look at the other intraday chart. See if there's any better signal information for you. So what do we have on a 15-minute? She's on a 15 minute. We have a TD9 count top. That TD9 count top took price right back to its oscillator and changed. I'll just expand out the chart. Let me make sure we're in the right spot. We most certainly are. And so you had a TD9 count top and at oscillator and change line had changed colors. Now when that oscillator and change line changes colors, good, you're 15-minute trader. Now we've got the 15-minute chart up here. It's perfect. So when it changes colors, especially after a topping pattern or bottoming pattern, in this case here it's a topping pattern at form, we expect to anticipate price to pull back to that line. That's the whole reason that I developed that line out there. Why? Because I needed to know when a retracement was just a retracement. The same as each of you out there. Right? What is a retracement? Just a retracement in the market that moves up and down and up and down. Well, this is a perfect example of it because when you get back and you test that and reject it as it's done, that is a very strong bullish move. Now that doesn't mean there aren't sellers out there. There's not resistance. There most certainly is at 1778 that the more important resistance is the high of the session so far at 1779.40. So I would stay with the trade. This is quite a wide profile. So you really don't want to see the Russell 2000 equity future contract closed below that green oscillator and change on at 1767.70. If you did, G-man, that just tells us that it's lost momentum. And if it loses momentum, odds favorite gets back to where the buyers are located. And that's down at 1752 to 1749. So I like the trade. Stay with the trade. I'm pulling for this thing to take out that TD9 account, both on the 30 and the 15 minute chart. But if not, you've got your stop in place and you're all set. When we take a look at these charts out here, the Russell 2000, we see A to B equal CD patterns to the upside on a four-hour time frame and on a five-hour time frame. And this suggests that price might want to make a run for 1796. So here's a larger A to B equal CD pattern. Let's go ahead and draw this in here. I think it's a larger one. It should be a larger one. Let's copy and paste. I could be wrong about that. I am wrong about that. But okay, so it's the same A to B equal CD. I guess I should have figured that out. Hello, Steve. So where's your next resistance point? The next resistance point, other than the TD9 account tops that we just took a look at for the 30 and the 15, is 1784-40. So I would be where your next battle would be. And so I hope that helps you out. G-man, thanks much for the question and thanks for letting me be able to show you and everybody else a difference between and why I've spent so much time focused on the futures contracts because I'm a pattern recognition trader individual. And that's the only reason I used to be listening to the show is to try to understand hey, Steve, what patterns are going on with regard to whatever instrument is that you trade out there? And so in any event. So that's enough there. Let's move on to our next question out here. Next question came in by email. That was from Hector and Patty that came in early this morning. So let me get to it. Actually, I tell you what we're going to do. We're going to do that as soon as we get back from this break. We're going to break. But I'll leave up on my screen though right now for everybody. And then we'll close this out. These are the top 10 instruments for each of for the Dow, the S&P, the NDX, the Russell, and the semiconductors. It shows their current market outlook for their daily, weekly, monthly as well as their intraday time periods. It shows you whether it's got a rogement to mitigate or top or bottom where we're at in the TD9 counts. What kind of chap and wave levels that we're at and other support resistance. I'll leave this on the screen until we get back. Gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African RAND, as well as 25 different mining equities with specific buy sell recommendations. The gold report. New subscribers get a 30 day money back guarantee so you have nothing to risk. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN Educating Investors. 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 we're going to take a look at Caterpillar. This is for Hector and Patty. They are both subscribers of Mastering Probability, so they get this chart each evening when I do my End of Day reports out there. And so Caterpillar is one of the instruments that they trade and in here it provides them with all the information that they really need. Now we have a confirmed Rosemont Dominicator bottom pattern. We took a look at that. Yes, I'm going to re-look at the charts there. But it's providing what their support or resistance levels as well as well as what the current market outlooks are. So it's really great because you know so many of the questions that come in are really about these instruments here are many of these instruments that show up and there's many more that subscribers get. Let's go actually take a look at the Caterpillar charts for Hector and try to understand what the question is actually going to do. I'm going to I am going to pull up the Caterpillar white background chart but Hector I want to do this first. I want to go to the to the black background charts and the reason is because I've got that nice trend line tool out there. So I do want to show you what what you're up against in your long trade out there. So if we take a moment here we'll get over to the three panel chart. Let's get Caterpillar. And when it populates you'll see the daily trend line that draws in here. You can see that right now it's nice day that Caterpillar had. It held that Rosemont Dominicator bottom pattern. That had confirmed back on April the 10th and so that level of support which was really the April 6th low which was down at the 20894 that was tested yesterday and that was held. And now you've got a nice bounce. Now this is consolidated with inside his profile. Out here now that 211 43 is a strong level of support. Both the center and the bottom exist right there. So you're running into resistance here. Look it's got a nice by the D point pattern on the daily timeframe that only gets negated with a close below that 20894 as well out there. It's a monthly that gives me a little bit of pause out here. It's just consolidating with inside his profile. You do have the bottom on the weekly. We do have a bottom on the daily. But if those bottoms get taken out it could be Caterpillar could be heading south. I just want to make sure that that we throw that out there. Now let's go take a look at the white background charts out here. So you're really up against resistance. And we'll look at a 30 minute timeframe chart just to see if there's any kind of signal there. In fact let's do that right now. Let's pull over the 30 minute chart and see what we see. And on a 30 minute timeframe chart the actual resistance level is up at about two two nineteen seventy six. Now that makes sense because we saw on the daily timeframe that trend line was a price hadn't actually hit it. So that now we've got two two different charts two different time frames that show a resistance level right at that two nineteen seventy six area price has taken out his TD nine count top on a thirty minute timeframe. So that's a strong strong indication of a move but you do have to get through those sellers at two nineteen seventy six if you do then what you're going to get is you're going to get a next move up to the two twenty three level now. Let's take a look at this intraday A to B equal CD pattern out here so we'll just put in the A to B like them we're just simply going to move that over to the C point out here and Hector and Patty that actually gets us back even beyond that two twenty three and two twenty three eight to two twenty three twenty three and two twenty three eighty level. But none the less you're still going to have battles there. The question you got what we know we have one at two twenty one. Thirty nine the top of that profile so I'll prepare for a battle absolutely prepare for a battle as we deal with some of these resistance zones out there and keep a stop in place and don't let price close underneath those lows not from yesterday that that what's an important low as well but really if it closes below the price point of two ninety four time to jettison any positions inside of a caterpillar at least that's the call today. We have to take a look at it when I actually guess or not the other charts out here for caterpillar what do we see really nothing much else on the daily time frame. The weekly shows you that by the D point pattern. Out here that's in place. Yeah don't have much else for caterpillars so Hector Patty thanks for those other very kind comments much appreciated and you to have a fantastic. Weekend next request also coming in from Hector how about that. And this one is also coming in from Roger so we get a two four out here that's take a look at exxon mobile exxon mobile looks very bullish to me it's trading above the top of its daily profile is trading of his green oscillator and change line. So Roger it looks like exxon mobile wants to add higher head higher to where well it does have a roadsman to mitigate her top on its weekly time frame. Therefore a close to the above one nineteen sixty three or only one nineteen fifteen right now. Course acts that might have a data delay. Out here seems to be the suit to sure. Let me just check on that nowhere one nineteen. Twenty one nineteen twenty yeah there's a little bit of a delay. So here's the deal Roger. The resistance level for exxon mobile even though the day looks beautiful and it does. It you need to see a close above one nineteen sixty three to give you that doubly key confirmation now I don't know what that is but it just kind of slipped out there. And on a monthly basis you're above profiles well exxon mobile looks more bueno. Boy that looks really really good the question is can it take out that weekly resistance level the pundit say it's headed to. But it's exxon mobile trading like oil at one hundred forty five. Look we have not seen the highs for oil. Not even close have we seen the highs for oil they're coming to a screen near us in the in the not too distant future out there but with regard to exxon mobile. There's nothing more that I can really share with you just out of curiosity. What is all you know I don't have that up. I do. I do not have that up I'm not going to log in right now it's going to put up the seasonal but. So everything looks good. But you're up against that weekly level out there and what happens if it doesn't take out that weekly level. Resistance is resistance until it fails out there. And I don't know any other way to really be able to put that so both Hector and Patty hope that helps you out with regard to exxon mobile. Nancy wanted to take a look at Apple so let's go ahead and fire up Apple right here and Nancy's question is can Apple get to one seventy one oh five. I mean that is really a very specific question. So we've got to figure out is can Apple get to one seventy one oh five I would say this at this stage. You're above resistance on the daily time frame that means above the daily profile on its green oscillator and change line. And so it wants to have hired now had hired to wear on a weekly time frame. There's an A to B equal CD that would the one to one gets us up into the one seventy six level. On the daily top of the day on the weekly time frame the TD nine count breakdown resistance area and that's the real key area for you to be watching Nancy is one seventy one fifty three price got up there once. Didn't like it. And just headed south out there but looks to me like that's where it's headed. You wanted one seventy one oh five Steve is going to be one seventy one fifty three. So hope that helps out with regard to Apple. Dan wanted to take a look at B. C. L. I. So let's see where the Stevie put that might be right here. So B. C. L. I. Printed out right now at about two ninety three. Let me fire this up on my other screens out there. See what is actually printed out three oh one. Is what it looks like to Stevie. So that would be a beautiful thing because prices sitting. Just above it would appear. Just above its green answer and change line. So that level is two ninety three. We know we're trading at three oh one if you can close up two ninety three odds favor. That price gets back to its recent highs up and about that three thirty seven ish area out here. I don't see anything bearish on the weekly. I don't see anything bearish on the monthly. I see a consolidation on the monthly and on the daily I don't see anything bearish here either. So what you'd really love to see with regard to a brainstorm cell therapeutics. Is just a daily close above that green oscillator and change line. This has had looks like this will be day number three of consecutive moves higher out there. We have seen one five two fives out there but they typically are two and three bar rallies. But you do have two five. So this could be setting up a little short term one to two day pullback out there. Or could go higher for another two days. Gee Steve oh thanks for all that really great information. I thought it was pretty good Steve Rhodes with TFN. We'll be right back ready to take a look at LRC extra David and CVS Roger. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right. 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 Basil 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 in stock prices get the opening call newsletter by Basil Chapman and 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 everything in the universe is governed by the Fibonacci this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 seven newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time 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 subscribe to the Fibonacci 24 seven newsletter today TFNN.com educating investors China shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China a share bull and bear ETFs China shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares 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 for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ let's go take a look at lamb research I believe LRC X is the ticker symbol out here let's go see what it is doing trading at about the 514 level the actual last trade fired off at 515-89 and about the best thing that I can see out here this is for David H David I just see a consolidation with inside the weekly profile so last week price got up to that 526-48 and failed to clear it and the bottom of the profile is down at 473 now I don't know that we'll get down there this week price pulled back test to reject that green oscillator and change line so it looks to me like this is getting ready to try to make another run for the high out there or the resistance at that 526-48 level if it does that excuse me in order to do that though you know the weekly's got to get the weekly the monthly's got to get back above its oscillator and change line and that's really your resistance point and that's currently printed out at the 525-85 level so you get about 525-85 well shoot it's not that much of a stretch to get to 526 let's just you're dealing 526-48 as resistance no bottom no top just a sideways consolidation for the most part and that is what we see when we take a look at lamb research so I hope that helps you out David and thanks so much for the request the next request is from Roger wants to take a look at CVS so as we take a look at CVS this is trading at about 7330 7337 was the last trade that fired off now you have a roadspin to indicator signal we didn't and you had a you had one here that also formed so that was tested and rejected so the swing point from March 23rd that had volume of 9 million shares was tested and rejected two days ago with Stevie 8.4 so you had a test in rejection of a swing point with lighter volume that swing point was also roadsmen to indicator bottom so now what we're dealing with here with regard to CVS this is the old dreaded shoot I close below the bottom of a bowler structure daily profile for at least two days consecutively and that says that a counter trend move if this is only a counter trend move and I don't know whether it is or isn't Roger but if this is just a counter trend move inside of CVS you will see this thing run into resistance at 74.22 that's not to say it can't run in resistance at 73.69 it can but it won't close above 74.22 if this is just a counter trend move so if you did get a close above that well then you'd be off to 75.29 as the next level out there but CVS does look like it wants to bounce further the questions can it get above that 74.22 level and the answer is we don't have that type of a signal from the weekly chart weekly chart says you know hey you're below my profile old profile supporters well this could be week number two and that's a bullish structured profile and that just says if we do get a close below 73.96 today well then the counter trend level can actually take us up to 75.80 so it's a little bit tricky here but the weekly is a little bit cautious the monthly is really cautious out here the monthly says that CVS has is a A to B equal CD to the downside it needs a bullish reversal candle and that bullish reversal can short of that that price might want to get to 56.19 I'd be careful with regard to CVS I'd love it if CVS gave you a nice bullish reversal candle for the weekly time frame to go along with the daily but we don't have that so Roger it just suggests to me caution so I do hope that helps you out thanks much for writing in the next request coming in from Nancy Nancy wanted to take a look at Apple so we've got to populate that chart out here so let's do that or do we know it wasn't Apple we already did Apple right Nancy do we do Apple yeah we did Apple yeah we already did that so sorry about that you wanted Microsoft that's what it was I knew there was a second request out there it was Microsoft so let's take a look at Microsoft I think it was Microsoft that you had asked for yeah and so with regard to Microsoft strong like a bowl right you're a daily basis you're above profile you're above yesterday's high you're above the green eyes that are in change line there's no topping pattern a Blair's reversal candle would confirm a roadshment to mitigate or top Microsoft says I'm headed north and a weekly chart says hey I'm headed north to but do be aware that it's got one of Basil Chapman's wave number seven patterns out there it's got that roadway now roadway now in order to get that confirmed you have to have a lower high that could not take place until next Friday perhaps there's also potential for an A to B will cd to the upside out here but Microsoft looks very strong as it's taken out its breakdown level on its weekly timeframe of two ninety three thirty or it appears that that's what it will do out there so this is suggesting that it wants to go to higher ground and you got to love the weekly chart that pulled back test and reject that green eyes that are in change line almost to the tea out there it is bullish and on a monthly basis well prices trading above the top of its monthly bare structured profile out there Nancy this is telling us a Microsoft wants to make a run for at least three fifteen ninety five and it does that and it closes up three fifteen ninety five then we're off to its all-time highs out there so Microsoft on a daily basis looks very strong on a weekly base looks very strong we do be aware of a wave number seven top potential and the monthly chart looks also very strong so there's your answer with regard to Microsoft and thanks so much for the second request out there I think so the third request you did ask for BCL I we did provide you with that information Daniel wants to take a look at the googly one G double O G so let's populate our screens with that try to get a read on what Google is doing out here it's trading right now at about one oh seven seventeen which is below the top of its daily profile so you've got resistance that's at one oh seven seventy six that's the first thing is that Google has got their resistance level there dano I you've got a rogement indicator top that has been confirmed and it's really just led to a sideways move so Google's in a sideways consolidation right if we were to draw that's a consolidation pattern it would look something like this right the we would use at the high about right there and for the lows it probably be somewhere right in that range so you're just trading in a consolidation that's Google on the daily timeframe the weekly timeframe has got a new profile that form last week that from what last week dano and see resistance level there is one oh seven sixty two got one oh seven seventy six on the daily so that's the that's the where the battle is taking place and even if you get a close above that do recognize you may only make your way up to the top of that consolidation pattern or what I would say is more likely one twelve fifteen and one twelve fifteen happens to be the monthly oscillator and changeline so you've got resistance on the daily top of the profile resistance on the weekly top of the profile resistance on the monthly it's right now the center of its bearish structured profile with additional resistance being just above at the one twelve fifteen level so I think we've just got your good old fashioned consolidation going on inside of the googly one I do hope that helps you out dano you're looking for a short while you're looking for a short you're up at resistance let's take a look at let's take a look at this so on the short the short for google was at the td9 count top that was a two o'clock yesterday afternoon that was really the better signal for you dano I mean you can see this pattern out here you got to love the td9 count tops you also have to love the roadsman to indicator bottoms out here that's what formed on a thirty minute chart for google so maybe and I'm just saying maybe here I'm just spitballing there's a nice td9 count top it formed out here two o'clock in the afternoon took price right back to profile support maybe I'm just saying maybe if you like to trade google maybe just pay attention to google on a thirty minute chart and pay attention to those td9 count patterns roadsman to indicator signals and you'll do just fine see price had pulled back to a level of support I would do I can't really call a level of sport that breakout level I don't have a bottom necessarily but it was around the 109 level not the 106 level that was the better trades that might just be patient out here I'd be patient and you got to see can the nq can the markets take out resistance and those equity future contracts take out resistance today I don't know the answer but we'll be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com 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 after all it's impossible to predict the future right 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 Basil 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 in stock prices get the opening call newsletter by Basil Chapman and 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 everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time 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 subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors tfnn has launched the Tiger's End 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 the Tiger's End available to all tigers and tigers for just $1 for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com good back folks we're taking a U.S. bank this is for Brent de Martinez California Brent thanks for taking the time to write in Brent went along this you can see that yesterday this formed a rogement of indicator bottom pattern that that one that created that three river morning star you now have a new profile that formed yesterday as well and you are trading above the top of that profile Brent at $33.69 now there is a descending trend line out here so that's really your next battle if I just draw that in it looks something oops geez that was not right Stevie it would look something like this I would simply draw that trend line in that becomes your next to battle ground out here the weekly chart is confirming a rogement of indicator bottom now I don't know where the candle is going to be at days and right now it's a hammer candle boy you'd love it to just close right here and give you that signal to while the monthly pulled right back to breakout support of 3417 and in fact may hold so I like what I see when we take a look at usb so stay with that position Brent that looks mighty fine to me and I'm praying for that bullish hammer candle on the weekly chart to give you a confirmed rogement of indicator bottom pattern next request is a take look at Pinterest the question is where to be long well it ain't today that's for sure I don't have any kind of a bottom signal or bottom pattern out there this did form a TD9 count top right now you're below breakout level of support you're taking out a prior swing point that swing point did volume of 11 million shares so far in Pinterest you are down 28 million shares maybe come back and take a look at Pinterest right around the 1822 to 1991 level but I would stay away from Pinterest and Roger he didn't really want to take a look at CVS he wanted to take a look at Chevron CVX out there we take a look at Chevron does not look anywhere near as good as Exxon mobile but it has regained the bottom of its profile so Roger you'd like to see it closed today above 160 71 if this is an instrument that you are long in it's got countertrend resistance at 169 43 that's the number that price must close up not today but you need to see a close up but you don't want to see price get up there and reject that because that would say well this was just a counter trend move and that price wants to have lower and maybe we have an a to b equal c to the downside or something along those lines I don't really know so that's what I see with regard to CVX and last question was from Dan who wanted to take like a ticker symbol LW the question was is there a top and the answer that question is there is and that top would be negated with a close above 111 54 out there folks stay tuned for great program and have a fantastic weekend I'll see you on magnificent Monday thanks for joining us this week