 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 morning folks welcome to the April 10th the magnificent Monday edition of today's Trader's Edge show I'm your host DB Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past. Hope everyone out there's having a great day. Hey, let's make sure we have an extraordinary one The easiest way to do that is to always remember that life is happening for us not to us That's right When you and I make that one little two by four shift means we can find the gift in every set of 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'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'm 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 would love to hear from you eight seven seven nine two seven six six four eight It's a number to call in on if you got a question, but you can't call in you can always send me an email Send that off to Steve at tfnn.com and inside the subject heading Please put radio show question. Of course if you're inside our Tigers down well than any in every ping will do So let's go ahead and get this show started on a magnificent Monday, of course This is tiger financial news network. I'm Steve Rhodes Welcome to the show. We got a mixed bag out there The mix goes like this a dow's off 13 S&P down 20 nasdaq 100 down 123 Russell's up 9 Summizer up 17 trannies up 187 Gold is off 23 bucks Silvers down 9 cents likes recruit up 28 pennies natural gas up 14 cents That's trading out of 215 and the 30 Treasury trade out 132 11 that's up 24 ticks now lead the charge dollar-wise the upside We've got piner natural resource. So that's I believe that's a buyout Potential offer or something like that from X on mobile here. Maybe just so I was coming on the air I have his budget group is up 9 bucks or 5% John Deere up 742 percent United rentals up 7 bucks or 2% 5 below is up above 5 That's a $7 58 cent move about 3.6 percent to the downside it is Mercado rebay off about 13 bucks 16 dollars from SCI WD 40 it's not so good this morning on 12 bucks and Lastly, you've got the thermo Fisher scientific off 7 bucks has about 1% move to the downside So hope everybody had a great weekend out there. Nice to be back with you It was a quite a masters golf tournament for those of you that are golf lovers out there I mean we saw every weather condition. I think that you could see we saw some amazing golf Between yesterday really yesterday was just I mean it was good golf the other couple days But yesterday pretty extraordinary golf by Jordan speed and Phil Mickelson. I mean two of the best rounds I don't know if they were the two best single final rounds out there by a pairing got to be though I mean it was extraordinary golf and then we had the fight going on between ramen and Kepka out there and and even Get Patrick Reed get in the mix you know three of the top five guys were live live guys out there Pretty interesting. Oh a great golf tournament. Let's get to the let's get to what's going on here inside these markets And so let's go to our first question because our first question is from Roger Let me actually get to it'll make a little easier for Stevie here and Roger I think this might be the first time Roger's written. He said good morning Steve. How are you doing? I'm doing well. I hope you're doing well also You trade weekly options and also a two to three days swing trades on the diamond of spies So the question is where do you think they are going this week? They gave and have a great week you do as well. God bless you, too So if we take a look at let's just start by take a look at the ES mini. Well, let's do this I'll stay on this page here So this is the first the most important thing perhaps Roger that we need to know any of us out here And that is if we take a look at the ES mini that's about the yes many in the Dow So those are going to be your left hand panel We're taking a look at the equity future contracts because they're providing you know I with the best information out here right now We've got it's just a good old-fashioned consolidation. So in regard to the ES mini That's what you really want to benchmark things off of it's between 40 76 and 41 71 Inside the Dow, it's between 33 320 and 33 7 37 So you just got a consolidation pattern that is going on so from a trading standpoint You're more likely to want to take a trade as price reaches the top of those consolidations to the downside 33 7 37 is the Dow number 41 71 again the ES mini. We're kind of right at the midpoint here So not really a great ideal setup if we take a look at the Russell 2000 This is something new since this morning quite frankly It's something new in the last half hour and that is that there is a new profile is attempting to form here as well It's bullish in structure. It talks to us about a consolidation in essence The reason why I say that we're looking at the lower left-hand panel But I'll just simply expand it out and I describe to you again what it is. I'm looking at here There's new profile that is attempting to form. So to please realize we will not have confirmation of this until this evening Showing your home screen, right? I want my ham screen. Yeah, so If if it does hold price in support this morning down to 1760 Resist is 1804 but notice how this current profile is with inside the prior profile What that tells us Roger is to expect and anticipate a consolidating market So you're asking what it's a market going to do for the next couple of days I really think it's more of an intraday trader type pattern out there and we don't have consistency What I mean by we don't have consistency if you look at the upper right-hand panel that is the end Q Price is trading above the top of its profile that number there is up at 13. Oh 62 So this is the end Q is saying I should go target 13996 but it today is a bearish reversal candle although not shown here It would actually go ahead and confirm a roadsman to mitigate or top now Let's go over the white background chart Just trying to get some type of feel if any with regard to what's going on intraday out here And so on a on an intraday basis the 60-minute timeframe chart has a confirmed by the d-point pattern the a to b I'll just simply draw that in out here. So here's a to b We can just move that over to the c-point. This was more than a 1 to 1 a to b equal cd to the downside What we do is we wait for a bullish reversal candle that tells us the pattern has completed out there And so you've got that what price should do is go target the 41 21 level in the 30-minute chart You also have a confirmed by the d-point pattern and price right now is trading above Profile resistance if price closes above and this really be the oscillator and change line number 41 13 Let's call 41 14 we're 41 14 right now price close about 41 14 Then the 30-minute chart is saying I want higher price this target quite frankly is all the way up at 41 33 15-minute charts got a roadsman to mitigate or bottom TD 9 count of the 10 minute the other charts here along the top We can see the prices pulled back to prior lows out there So that most certainly can suggest or does suggest to us with regard to the yes Many is that it should bounce from here and you got to really pay attention to those Intraday 10 15 30 and 60 minute charts out there for signals if we take a look at what's going on market-breath wise I don't know the answer to this. We're gonna find out here momentarily. We are Slightly let me just switch this here. Let me just make sure it gets up that I'll do the NQ first now And now that I'll know I have updated data figures out here So the NQ is as bullish 40 above 24 below So 30-minute NQ should we didn't look at that yep at the 30-minute NQ should continue to rally with regard to the Yes, mini right now. You've got 124 above 160 below so a little rocky waters here on a 30-minute time frame chart for the yes mini It's almost telling us right now that it's gonna struggle to clear that oscillator and change line right up into resistance But let's give it some time. It's got about 16 minutes out there But I'd be paying attention those shorter term time frame charts Roger. So to summarize it Raj I think we are in a consolidation pattern out there You'd love to see short-term topping signals as price hits the top of those profiles and short-term bottoming signals as price It's the bottom of those profiles for your interday or two-day trade perhaps Steve Rhodes with TF&N. We'll be right back 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 Keg stats tiger forex report Teddy kegs that 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 TF&N.com TF&N 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 in your inbox every day first-time subscribers Also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors 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 at 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 it is 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 toll-free at 1-877-927-6648 internationally at 727-873-7618 Good back folks. Dallas turned just slightly positive out there. That's really only significant change since we were last together Let's get to our our next question here coming in from Hector Hector and Patty Hector's question goes like this Happy marvelous Monday. Thank you. Same to you both Microsoft on a weekly base a b equal CD up looks looks like a monster bullish breakout thoughts on that Okay, and over the weekend revisit your ultimate reverse like Microsoft has all the criteria very powerful. Yep Yeah, yeah, yeah, yeah addition CD looking for archive library you bet So let's go take a look at the a to b equal CD patterns really a couple patterns out here Hector and Patty and Mike Also, who's got a request in for Microsoft that we'll take a look at so let's first get to these charts here now What Hector was referring to is the weekly a to b equal CD the a point very easy identified slowest low out there that took place during October of 2022 that rally price rallied right up a new high that formed in February of 2023 We had about a two to three month pullback out there into February 27 a couple week Well, I'm sorry about a weekly chart and a monthly chart. I'll eventually get things corrected here Pulls back into February 27th, and then the b-point gets passed the week of March 13th volume there 237 million shares was passing 196 million dollars swing points and now we have a confirmed a to b equal CD the upside and the sector pointed out It's a strong one. Why is it a strong one really for two different reasons out here? The first one is the retracement of this B to C leg as he was pointing out it is less than a point six one Eight it's actually just slightly less than a 50% retracement typically and you just fix your figure like this It's how the a to b equal CD pattern works. It's the easiest We're all visual some of our physical and just take a rubber band wrap it around that index finger as hard as you possibly can Back it off about 50% let it go do the same thing back it off 61% let it go which one has more energy Exactly so you do a normal retracement point six one eight odds favor You're gonna do a one-to-one out there, but if you do something less than that Well, it's giving you the idea that it might do an extension in this case here We can also take a look at how price pulled off of that C point explosive move wide-ranging bar Big volume and price along the left-hand side of that C to D leg That's that day yellow line that you see But regardless of whether it's going to do a one-to-one or more than a one-to-one The first price target becomes three oh eight ninety four on the weekly time frame The word conservative a to b equal CD if we take a look at on the daily time frame Just starting from a different swing point out there We'll get us up to the three oh eight three oh three twenty level out there now Well, we want to take a look at out here So that's the a to b equal CD pattern It is a big strong move to the upside out there But we do have a signal that price might be getting ready to pull back So first we'll stay on this chart here You've got the new profile this formed here a couple of days ago So make sure you jot this down both the Mike and Hector and Patty everybody else You got to close your ears a two eighty eight sixty one That's the top of the profile two seventy nine forty one is the bottom of the profile Now the reason you want to pay attention to that is because as we turn over to the white background charts What we're going to see is roads meant to minicator or a TD nine count top my apology TD nine count top that formed on Friday Was the bar following bar number nine as the roads meant to minicator signal triggered as well Doesn't matter that requires a bearish reversal candle We don't need that for a top now You've got the TD nine count top and a price does close below its green oscillator and change line Which is currently printed 287 39 prices likely to fall back to 279 41 That's the bottom of its profile if price broke through there both Hector and Mike price would then target the breakout level of 272 0 5 Now we can see that on a weekly basis prices gotten up towards its TD nine count breakdown area That's at that 292 30 So Hector you really want to be watching that level for confirmation that this larger weekly a to b equal CD pattern is back on its merry way Otherwise that is your land of of the battle the 292 30 out there You've got the daily roads meant to minicator pattern that I'm sorry You've got the daily TD nine count top that is in place out there if we look real quickly to a 30 minute timeframe chart This did form a TD nine count top as well What price did is pulled back towards its breakout level support hasn't gotten there that would be at the 283 11 Area out there so with regard to Microsoft Both Mike and Hector I think with regard to the a to b equal CDs We covered that for you Mike. I think maybe you were just saying hey Can we take a look at both Apple and Microsoft? We'll certainly get to Apple as well But in the case of Microsoft you see the top you see what it's doing You know where support levels are at and I do hope that that helps both of you out Let's go to our and we'll come back to I'll come back to the To the Apple one for you there Mike next question is from Alton and Alton wants to take a look at the GDX Let's get over to those GDX charts and let's read Alton's question Alton's question goes that was Apple But I had the GDX try this There we go. Okay. Good morning Steve is silver a good buy here for a long-term hold Or is the GDX still the better option? Thank you Steven have a wonderful a week you do as well So your question about the GDX is it a buy here? I would say no The reason I would say no Alton you're asking if Silver's a buy Well, let me just answer in the GDX as well because it is the GDX a better option The GDX is a buy it around 33 15 the reason I say that Hector I'm sorry Alton is because we've got a TD 9 count top that completed two days ago Price is pulling back We've actually you know tested the lows of of Friday out there the green us that are in change line should get tested If price tester rejects that level what you'd like to see is on a let's say an intraday chart Some type of bottoming pattern forming at that same time or approximately that same time That would your be your buy signal into the GDX will take a look at silver to answer your question In the case of the GDX the GDX has a swing point that was taken out last week The swing point that it took out was from the week of January 27 104 million shares rated hands that that week last week 115 million so now the GDX as a confirmed weekly a to b equals CDT upside in it's a doozy We just simply take the a to b point. No, we'll just simply move that over Towards the SC point out here. Let's do this. Let's get that in there. It's about like that shoot maybe well just But right there So that gives us that gets us to on the one-to-one basis gets up towards a 38 dollar level We can see we're trading. I mean the GDX is looking very strong So you do want to wait for some type of a pullback out there now Let's go try to answer the question about silver. What is silver doing? That's a great question now There's a couple different things. I think there's a couple different things That I want to point. Oh, let's shoot. Nope. I'm gonna go switch over to another chart out here I'm gonna have to call an audible. Mr. Bill was kind enough to let me know that I misspoke when I was take a look at the natural gas contract Something had switched on my cursor the key level for natural gas that it must overcome to suggest that this bottom or a bottom May take hold is gonna be two dollars and 19 cents I was looking at the center profile from a previous profiles at 285 It is 219 you can see how price and the reason why that was such a or is such a key level is we did have two consecutive closes below the bottom of profile when that happens countertrend moves will find resistance usually at that center And that's exactly what is transpired here for a natural gas over the last three training sessions So you want to be watching that 219 area if we can do that at least gets up to 234 Doesn't tell us whether price will take out 234, but that would be a positive out there So I do want to pass that on to you if we take a look at silver Silver is trying to form a new profile Alton and is trying to form a new profile below price. That is a bullish outcome So in this case here, maybe what silver is going to do is pull back to 2445 or maybe it's not going to pull back What sort of you've got a TD 9 count top. It's kind of hard to say is silver a good buy here Also knowing that the US dollar index so on the set of chart here that we're looking at all we have to do is Let our eyes go straight over to the left And you'll see the US dollar index which has a buy the D point pattern Alton if I knew the answer can the US dollar index close above one oh two fifty eight Then we'd have a real a much better not a real better But a much better idea of what silver the GDX and gold want to do. I think that's the real key See roads with TFN. 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Oh, yeah, that was just a slightly negative off about three points That's speed on 18 NASDAQ 105 in the Russell is up a full 10 points out there. Let's go to oh, you know I wanted to do I wanted to which charts are we on okay? Let's I get over here take a look at silver I just want to finish that that question That had come in so if you take a look at silver out here You can see the TD 9 count top on the daily base that's in your up a left hand corner So what I'd love to see you do Alton is I'd love to see you wait for silver to pull back to 24 22 or thereabouts That's the green acid and chains. I say get a TD 9 count top a Also didn't change on a change colors price should pull back to test that don't know exactly the price point It'll be when that unfolds But right now it's 24 22 if you get a test rejection of that green acid and chains on that is your next buy point now At that point in time conditions would be neutral because it still would have a valid top at a key level of sport would have held out there So that's what I would be looking for with regard to what's going on inside of the medals And I would also be paying attention to the dollar and the question is can it bust through the consolidation meaning to close above? The top of its profile out there So hope that helps you out Alton G man. I know you were asking about the GDX as well So I hope that the information I provided on the GDX was helpful to you as well Mike had asked it had asked it, you know, that's beautiful. See Stevie, man Apparently I need more time off. We're gonna work on that But let's go take a look at what Mike is interested in which is Microsoft So where did I put the Microsoft at that's the Apple always Apple want a Microsoft ain't Apple See how you eventually figure things out So as we take a look at Apple out here what Apple has done Mike is has pulled back and tested support That's the bottom of its daily profile one sixty thirty two the actual low in Apple today has been one sixty oh eight So as long as one sixty thirty two holds Even though Apple is down Significantly on sales. It's held the very key level of support. We have a wave number C We we have a wave number G. That's a seventh wave move out there for a top We have a confirmed road momentum indicator top because the gap down on Friday But then again just a consolidation with inside his daily profile So it's overall signal is still bullish if it closed below the bottom that profile one sixty thirty two Mike Then that would suggest a further pullback now the next area of support quite frankly for Apple is down at one thirty seven ninety But really we'd be looking at this TD nine count bottom of marks the second out there on a further pullback if price broke through Support it has not now as price was testing that level of sport What was going on under thirty minute timeframe excellent question? Let's go try to answer that question Well, it was forming a roadsman to indicator signal and right at the 11 a.m Just we were coming on the air that pattern was confirmed with a bullish engulfing candle Would that then suggest that we should see move up to its oscillator and change line right around the one sixty two fifty four Level out there and if Apple can overcome that well in a further rally one sixty four thirty one sixty four fifty eight 164 87 being battleground areas out there as we take a look at the weekly timeframe chart here for Apple What do we see we see that price made its way right up into resistance? That's it descending price channel lying out there So not unusual to see price pull back out there now in the case of Apple We really want to watch this chart for Apple because you get up to a long term Descending price channel this could be a significant top out here for Apple and could be pulling back So the first level to be watching out there Mike is to watch that one sixty thirty two level There's not anything else that I've got for you on Apple So I do hope that helps you out and thanks much for listing in and your request SNP Inside our targets. I wanted to take a look at ticker symbol n Double e and n double e is a great knee high out there. No, it's not that it is next terror energy And the question was I don't recall the question was to take a look at it because you are long is my recollection Well, we have in the case of next terror energy is a TD 9 count top that formed on Friday it completes today We can see its oscillator and change line recently changed color from red to green that suggests that price should target it So SNP price should target 76 52 That would be your next place to add to position if that area were to hold again You go down to a 30 minute time frame chart look for some type of bottoming signal speaking of 30 minute time frame charts We only have a topping signal. We have a topping signal roads meant to mitigate her top price below breakout support 76 38 becomes its next price target on that 30 minute time frame chart if price gets to 76 38 It's gonna be very close to that green oscillator and change line on the daily time frame out there So you'll want to watch those patterns, but you do have a top in next terror energy That's on the daily timer in the weekly time frame boy It looked beautiful on Friday as price it closed above the top of the weekly profile, but it's only Monday maybe it Finds its legs this week and it continues to close above 7846 and if it does that that tells you about its intent to go a target 86 47 out there So that's what I see SNP when I take a look at next terror energy I hope that that helps you out and thank you so very much for your request Nicholas writes in and Nicholas wants to take a look at Home Depot. Let's get over to the charts Let's get to the question. Let's read the question the question goes like this. Good morning, Steve Would you please go over Home Depot for a long entry? Thank you. Have a great day you too as well So we take a look at Home Depot. What do we see out here on the daily time frame? What we have is a wave seven bottom. We just expand this out see what else we might be able to see out here Well, let's just talk about let's not talk about how it formed a bottom, which looks like a buy the D point Out here is that right now what price is doing? HD is and you want an entry point So this morning price pulled back and was testing It's also during change on top of its profile and that held that did the same thing on Friday So what you know right now is a key level of support is the top of the profile old resistance becoming new support And that number is 285 89 I'm going to suggest that if you want to take a long position Home Depot that you buy that on a pullback of 285 89 That would be an area for you to watch and observe and perhaps take a long position But look at a weekly time frame chart. What do we have out here? We have a consolidation with inside its profiles between the 280 504 It's really a bit lower than that but around 280 504 up to 336 and on a monthly basis you've just got a roadsman dominicator and TD 9 count top With price consolidating with inside its profile. So Home Depot gets a little bit more complicated Out of curiosity, what was a 30-minute time frame chart doing this morning as price had pulled back in and really on Friday? What was it doing it out there? And the answer is Stevie doesn't know Now there was an a to b equal CD pattern that completed out here price tested that swing point Let's see with volume volume was 250 2000 against 214. Well, there you go So on a 30-minute basis price tested and rejected a swing point on lighter volume You are above the top of its both structured 30-minute profile price should continue to move higher at least That's what the 30-minute chart here for Home Depot is saying now. Let's get back to the daily Yeah, so price should continue to move higher out there But still with regard to your entry point, you know, maybe the third time is the charm And so I'd stick with that 285 59 Nicholas I do hope that helps you out and as always. Thank you for the request Way to request inside the Tigers then I blew us from a guppy out there wanted to take a look at CF industries out here. So CF. That's not it. Let's go. Actually, I don't think I've typed it in So let's go type it in now and if I did well, we'll retype it The question goes like this says good morning Steve great master Sunday Yes, it definitely was can you imagine playing in that 40 degree weather when it's damp like that out there? And the wind was blown from the north whoo that's cold weather You know, I wear a parka when it gets into the 60s out here So God great master say yeah, could you please tell me if they think I see F is a buy here for a medium to long term It's breaking out above the 21 days simple moving average Is it also breaking above the daily? OUL and other levels that we use folks we get back to this break. We're gonna go take a look at CF industries That's for SNP What's that for that was for the guppy inside the tiger's den of great back 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 and stock prices Get the opening call newsletter by Basil Chapman in your inbox every day First-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors 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 Are China a shares hot or not if you trade China a 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 a shares in either direction Visit direction investments calm today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Good back folks. So we're gonna take a look at CF industries out here This is for one of our dinners. Unfortunately CF. I don't get I can't get access to historical Wait a minute. I don't think I get access to historical data Yeah, I can't I don't know what's going on that with that system So let's take a look at CF industries out here The question from McGuppy is is it a buy and that was based upon it breaking out above its 21-day simple moving average Questions specifically is is it's breaking out above profile the answer. There is no in order to do that McGuppy We would need to see a close above 7491 Price hit 7491 and so far has rejected that level now You've got a roadsman to indicator bottom pattern It's actually being confirmed as we speak right now with that little gap to the upside And that bullish separating line out here But you really got a close above 7491 to then suggest that we may have a change in trend on a daily time frame The change of trend out there McGuppy should then take us up towards the 85 17 level That's a teeny-nigh count breakdown area if we look at the weekly chart What this shows us is a buy the d-point pattern You can easily see the a to b the c all the way down to the d out there And you had that the bullshash candle at form three weeks ago That was weak at ended at March the 31st So what price should do here you're trading with inside profiles your support level is 7012 Your resistance area is 78 78 and that red oscillator change line is printed at 77 97 so odds favor If you can get a close above 7491 that should then take price up to what's called 78 78 and a price close above 78 78 You're off to the races the price should continue to move higher the weak link on this three Panel set of charts is really the monthly time frame. No bottoming signal in place Price took out a swing point that was a swing point from January of 2023 59 million shares were done there 68 million shares done last month. That's actually I confirmed a to b equal CD to the Downside let's actually draw that in here. So as we take a look at CF But a to b we're just simply I'll just simply copy it this time Copy and paste and I will just move this over to the a d-point and this would really suggest to you and I McGuppy that what price wants to do is pull back towards 4404 the actual one-to-one price projection gets it out to about 5106 or there about so the monthly time frame as a confirmed A to B equal CD to the downside the daily and the weekly the weekly by that way has a by the d-point pattern So it at least suggests we should see some type of rally But that real key the rally could be over if it cannot clear 74 91 the top of its profile on the daily time frame So McGuppy, I hope that helps you out with regard to CF industries and yes, SNP that answered your question with regard to knee. Okay next year energy perfect. All right So I believe we are through all of the questions out here. I believe we are Not that I'm happy to take more. I'm most certainly happy to take more out there So 877-927-6648 or you can go ease and send me an email son That's Steve at tfn.com But send it really quick. I don't know that I would actually get to it by the time it goes through the process here So let's do this What do we want to do? I would have to close all these things down to do that So I won't do that during this segment, but what we'll do is we'll take a look at the US dollar index As we begin that next segment out here. So in this case, let's just go take a look What's going on in the gold marketplace with regard to the US dollar trading as high as it is Right now. So let's take a look at the gold box. We're taking it silver. We've got that TD nine count top So we've covered that now. Let's go take it and see what gold is doing out here And again, I believe that gold could form a roadsman to mitigate our top today if we do get that bearish reversal candle I'm missing some data here. So let me I don't know why I did that but let's restore Reload everything At least I believe I'm missing some data out here So let me see when this thing here populates Come on, baby Don't know why it's taking its time But it is and sorry about the silence out there and I can't get gold to populate this daily chart out there but I know that Well, okay, we're gonna go with I guess that is the that is the candle formation So with regard to a Goldilocks, we've got no no topping pattern out The only thing we've gotten gold as I mentioned to you was that new profile. That's attempting to form It's not shown on this chart here. So jot these numbers numbers down 20 40 Point nine zero is the top of the profile one nine seven four point two is the bottom of that profile on a five-hour time frame chart We have a TD nine count bottom that is going to complete at 2 p.m. It's eleven forty seven So you want to watch that on a When a four-hour time frame chart the TD nine count pattern was negated So that's not really great news So that then says we take a look at a two-hour time frame chart the level to be watching It's going to be the nineteen ninety-five fifty level that on a two-hour time frame is its breakout area I've got a bottom on the 30-minute chart That is a roadsman to indicator bottom a price has got to take out that oscillator and change line in order to get Any upside traction the same is true with regard to the 15 minute time frame chart and on a 10 minute basis it's got Zilch it's got nothing out there. So Goldilocks. So how are we going to assess Goldilocks here? We're gonna have to pay attention most certainly to the Most certainly to the to the US dollar, but we've got a caller on the line. Let's go out to Maryland. So what? Thank you for calling. Thanks for holding. How are you? Thank you so much for taking my call my pleasure. How about you everything? Okay? Yes. Yes, very much so Amazon AMC and is the ticker somebody you're calling about Sue. What are you doing? How can I help you? Yeah, I I have the Amazon is high-pride and keep stopping. I just wonder what is the support level or what should I keep it or? Okay, so with regard or for something Yeah, so support can answer that question support on a daily time frame is 100.25 and what we saw Amazon do both on Friday and today was test that level So that level is held so far if you were to see a close below 100.25 and most specifically two consecutive closes Then we're likely to see a move back to about 97 08 97 08 is the top of its weekly profile. So that's old resistance that now becomes support and that support level again or resistant It would be 97 08. So the first level of sport 100.25 the second level of support That's in price close of low that is 97 08 out there now resistance Resistance is at 104 20 and that's the level in essence that price closed out a couple of days ago So if price can close above 104 20 and I don't have any kind of a topping pattern out there In fact, let's just see if this confirmed an a to b equal c to the upside the swing point on a daily basis For the benchmark that we would use is March 22nd did volume of 57 million shares as that was passed It was passed with 57 million shares 56 and change 57 48 So I'm gonna say we've got a confirmed a to b equal city at the upside in Amazon on a daily time frame and that would give us a price projection I'm gonna give you an approximate price projection here Just based upon the way I'm doing it that should take us back all the way up to that high that formed on February 2nd And that was a TD 9 count top. So it gives us about the 111 Area 110 ish area on a daily time frame and price is holding support. So your question was where support? We've answered that should you hold it or sell it? I would hold it at this stage here You need to at least see price break through those areas of support out there And you've got those two areas to focus on. Is there anything is there anything else that I can do for you? Yeah, thank you so much. I really appreciate that. Okay. Thanks. Thanks a lot. You have a wonderful day. Thank you so much You do as well. Great to speak with you We'll be back in just a few folks 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 Technicles 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 comm 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 comm the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave Updown sequence gives you an edge in identifying price turns finding the peaks and valleys and 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 comm 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 comm 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 comm educating investors TFNN has launched the Tiger's Den 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 Den available to all Tigers and Tigris's for just one dollar 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 dot com Back up folks. So let's go take a look at the US dollar index. Those should be the charts it up on your screen We've got our multi panel set of charts out there. So on the daily time frame. I'll just simply expand out the chart There was that a to b equal c to the upside as well as a rogement of indicator top That's not we're looking at now. We're looking at the buy the d-point pattern that formed out here. So that was Your a to b your a point was out here on March 8th Your b-point was the low on March 15th. Your c-point was the high for March 15th That set up our a to b equal cd pattern out here that by the d-point pattern. I got negated on Friday I think it may get No, I'm looking. Sorry. I take that back US dollar index confirmed a buy the d-point pattern on April the 5th And now price above that red acid and change line Consolidating with insides daily profile out here support at one one twenty five resistance one oh two fifty eight The question is will price take out one oh two fifty eight If you take a look at a five-hour time frame chart, we can see the price running to resist that one oh two forty four Note that on a pad of paper close above that says higher price the four-hour time frame chart No topping signal price took out. It's or has taken out a steady nine count breakdown area That is strong and bullish same thing on the two-hour time frame chart a very strong and bullish chart there 60-minute chart looks very bullish a 30-minute chart has a TD nine count top That tells you and I that if we do see the US dollar next close with one oh two forty seven Well, it should go at least get to that one oh two fifty eight But might be signaling something else to the upside out there You've got a TD nine count Roadsman to mitigate top on the 15 same on the 10 I would just simply keep your eyes on that 30-minute time frame chart for the US dollar index the other time frame suggests higher price You've got a bit of a retracement here sideways move after this TD nine count top on the US dollar index and that should help Folks that should help us to understand whether we're just seeing the way the equity markets are moving as we speak right now And the way that the metals markets are moving that includes the GDX as well So that's what's going on stay tuned. We've got some great shows lined up for you I'll be back with you tomorrow on terrific Tuesday, and that'll be 11 o'clock sharp So I have a magnificent Monday. Thanks much for joining us. I'll see you at about 315 With Tom not sure what we're gonna come talk about but Stevie will come up with something. Take care folks. We'll see you tomorrow