 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the October 5th the terrific Thursday 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 is having a great day Hey, let's make sure we have an extraordinary one now 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 It means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go check out the circumstance of these markets We'll go figure out what those bowls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you 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 am here to serve you So feel free to pick up that phone dial on in it eight seven seven nine two seven six six four eight Now if you can't dial them, but you've got a question You can always send me an email send that off to Steve at tfn.com inside the subject hitting Please put radio show question. Of course, if you're inside our Tiger's den well than any in every ping will do So let's go ahead and get this show started on terrific Thursday. Of course. This is Tiger Financial news network. I'm Steve Rhodes. Welcome to the show We got a sea of red out there in the face of the US dollar index actually pulling back So the dollars that maybe this is a liar's poker game got the Dow down 170 S&P's off 35 Nasdaq down 182 Russell's off 10 Summizer down 41 gold is off $3 Silver's off 14 pennies lights we could is down 60 cents natural gas up 18 pennies That's the big mover out here today up 6% and the 30 Treasuries down 12 ticks printed out at 11 1104 Leading to charge dollar wise the upside SP plus Corp of 16 bucks 46% 96% for orchid therapeutics lamb Weston holdings 8% or 7 bucks Marauder therapeutics up 3 and a half more like him, you know therapeutics is up 6% a lot of Therapeutics companies moving to the upside to the downside. It's GP. Oh Aero Portuario and I know I screwed that up, but I'm not gonna screw this up It's off over $50. That's about a 21% move to the downside as mill holdings is off 14 bucks to an average and the line Technology 13 bucks 4% so we've got some movers and we've got some shakers But where we're gonna begin today is we're gonna begin with what the heck's going on with that good old US dollar index Let's go take a look at it. We're gonna switch panels here We're gonna take a look at really all the currency pairs that make up the US dollar index as well as US dollar index itself So we're looking at the very right-hand panel to simply expand it out. This is the daily time frame for the US dollar index What do we have well yesterday? We generated it generated a bear sash candle that bear sash candle confirmed a roadsman to Mindicator top It's usually a pretty solid top out here and right now what we have is price trading below its green oscillator and change line That tells us that at this stage of the game the US dollar has lost its momentum However that being said the US dollar index has got support at one oh six point one zero one And that's the next area of support I presume that is where price is likely headed to and if it gets below that then we may have something of significance here in The US dollar index and my say significance. I'm not talking the long-term significance. I'm talking really for the weaker So here if we take a look at now start with the other currency pairs that make it up the euro being the most important one That's fifty seven point six percent of the weighting. What did the euro do the euro has a TD nine count bottom that completed yesterday Price right now is trading above its oscillator and change line a close above it Which is one point zero five zero seven will signal move up to one oh six seven three That will most certainly weaken the US dollar index if we take a look at the end the end the confirmed a roadsman to Mindicator top Couple days ago prices trading below yesterday's low that suggests to you and I that price is gonna head lower and maybe gonna test That swing point low from a few days ago down at one forty seven twenty seven That says the US dollar Japanese yen is getting stronger and the US dollar index is getting weaker So our top two weightings are saying the US dollar index should continue to move lower If we take a look at the great british pound yesterday it confirmed a buy the d-point pattern Why that was a key reversal bar a key reversal bar needs three things specifically You must be in an extended condition. Well, all I have to do is open up this chart here for the great british pound You can see we're at an extended condition Number two You've got to exceed the low of the prior bar and the high of the prior bar Well, that took place for certain and then number three you've got to close at least one tick one pip one something one penny At least in the opposite direction of the trend. Well, it most certainly did that as well So the great british pound is suggesting to you and I that wants to go take on this little junior swing point And that's from 9 29 and that range out there is between 1.218 and 1.227 out there Those the only three currency whereas we're going to spend any time on but each of these is suggesting that the US dollar index should weaken out here So why is the market wise gold and silver trading lower? Hmm something to think about now. We'll close this set of charts out We'll go take a look at the intraday charts here for the US dollar index. We'll do that for the well That's not it. We're going to come back to those charts, but let's take a look at the US dollar index here Now we can see that on an intraday basis. Let's look at a 30 minute timeframe chart. What do we have out here? We've really got nothing other than price testing yesterday's low. So we've got a little bit of a consolidation here Inside a 30 minute timeframe chart for the US dollar index So what I don't have is any kind of a bottom signal on any type of intraday chart out here But we do have price below profiles like on a five hour chart. That says 105 68 is game This says 105 72. That's the four hour chart two hour chart says 105 87 is game out here So it sure looks like the stevy that the US dollar index wants to move lower That's what all the signals are again 106.101 is going to be a key area to be looking at from a test standpoint out there All right, so we've got that established. Let's go ahead and close that out Let's go take a look at the euro which represents again about 57 58 percent of the US dollar index Let's see what's going on inside its intraday charts out here. See if there's any other signal So now we take a look at a 30 minute chart here for the euro We want to see this doing Is a move higher which it most certainly is on a 30 minute basis We don't have any kind of a top But we can't see that price is trading above a profile level This suggests that the euro wants to continue to move higher on its 30 minute timeframe No top on the 60 no top on the 120 that I see no top on the 240 And no top on the five hour timeframe chart out here So what we see when we take a look at the euro and on a weekly basis This is going to become bar number nine of a td9 count That says we likely have a weekly td9 count bottom that suggests they move up to 1.078 That's at least what it suggests out there. So nothing inside the euro suggests that the US dollar index should strengthen Instead that it should weaken. Okay, so we've got that now I do have a question that came in from kota wants to take a look at the 10-year treasury So i'm going to use we're going to go to that right now because i've of the data feed Let me see. So here we take a look at the 10-year treasury We don't see any kind of a top We see a negated td9 count top that td9 count top that formed on september 27 Pull back tested to reject that green oscillator and change line. This momentum was still to the upside We don't see any kind of a top as long as price remains about 468 out there again We're taking a look at the 10-year yield out here. It says that it wants to continue to move higher No topping pattern on the weekly type frame bill topping pattern on the monthly time frame We're trading above last week's high. We're trading above last month's high out there All this suggests a further move higher right now kota i'd watch 468 That's a key level a price. We're to close below that that could then signal pull back the 422 But right now the 10-year yield is suggesting to you and i that it wants to continue to move higher We'll be right back folks 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 4x report Teddy keg stat breaks down the 4x markets every monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options teddy releases his weekly tiger 4x 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 4x markets tremendously when you sign up for the tiger 4x report You also gain instant access to teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the tiger 4x report for all the details to start your 30 day tiger 4x 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 basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 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 Toll free at 1 877-927-6648 internationally at 727-873-7618 So let's get to some requests that have come in the first one coming in from satish satish watch take a look at crwd And he's looking for an entry point And right now what we can see is that you've got a td9 count top that formed a couple of weeks ago And we just have a good old fashion consolidation with inside its profile So you're looking for an entry point. We can see that the bottom of that profile has been tested three different times in its held So to the extent that you're looking for a an entry point That would be one of them if price were to close below 159 30 for two consecutive sessions satish. We'd be looking to move back to 145 38 On a monthly a weekly timeframe I should say we can see how its td9 count breakdown resistance level is acted as strong resistance. That's at 168 48 Can't bust them up try to bust them down. What does that mean? We're right now that means trying to get back to its oscillator and change line at 158 76 So we know we've got support between 158 76 and 159 30. We don't know if that support will hold enough But we know we've got support there What else can I share with you? Quite frankly, there's not much else that I see with inside any of the charts I'm looking at for crowd strike out here to assist us. So right now and you do have this nice wide ranging bar Let's see what kind of volume was in there. This is from august 31st 13 million shares First time down was with six million shares next time down was with two million shares The next time down was with two million shares again So that seems to be a pretty decent area But I don't know that you're going to get out of this like consolidation sideways move But satish that is the answer as we speak right now at 11 19 on october the 5th You're a second question was a take look at ticker symbol amt and here you're also that's american tower Right, you're also looking for an entry point here. So let's get over to that set of charts And here on a daily time frame This tells us what this tells us that This negated a teeny nine count bottom pattern yesterday Yesterday so the day before was bar following bar number nine made the low then yesterday it closed just below that today We're trading below that so that's not the pad that's in play here The pad that's in play is the roadsman to indicator signal that's been triggered. Don't know how long it will stay there What you're looking for for an entry point into american tower is a bullish reversal candle Now even if you get that that does not say you're out of the woods because you're trading below profile You're trading below the it's red oscillator and change that but that would be your buy signal So here satish at least for the next few days if this continues to move lower in a big way You could get rid of that uh roadsman to indicator signal We can see it triggered right back here in the trading day Of september 21st and the very next day it was gone out there So it's not automatic that a lower move in price is going to retain that pattern But it is we do have right now in a bullish reversal signal would suggest a further move higher We got that same type of pattern on the weekly time frame and we have a wave number seven signal And on the monthly you've got a teeny nine count bottom that is likely to form at the end of the month It's still too early to make that call But odds favor like 90 percent when I say odds favor 90 percent of the time When you get a successful bar number eight that would qualify qualify for a teeny nine count Whether it's a top or bottom 90 percent of time it goes on to complete that pattern So monthly you're looking good Weekly's got some potential and daily is what you're waiting for on crowd strike And that would be that bullish reversal candle. So satish. I hope that that helped you out with regard to those two instruments Thanks so much for taking the time to write in Hector and patty want to take a look at franco navada fnv And in the case of franco navada it completed a td nine count bottom pattern yesterday Uh was the bar following bar number nine that pattern remains in effect unless price were to close below 127 45 So you've got a buy signal there inside of franco navada If we take a look at the weekly time frame, this is the one that gets maybe a little bit scary So the b point out here is from that we would use for an a to b equal cd Uh that I would use out here is from august 18 three million shares Last week as this passed through there was 2.3. So it was lighter shares this week We're only about a little over halfway. You're nearly two million shares out here. So It's it's not the most ideal setup with regard to franco navada. It's just suggesting caution out here But you do have a daily buy signal absolutely Which should price do price should make its way up to the 132 27 level That is the center of its bullish structure daily profile If that if this is only a counter trend if it were only to be a counter trend rally Hasn't really started yet. If it were to be a counter trend rally, that's where you would expect price to find resistance If it's more than a counter trend rally, that's where you would expect price to clear What else can I share with you your second question? Which I was trying to pull up some charts, but I just don't have the time to it The question was can golden a dollar move higher and the answer to that question is absolutely positively I will try to get that chart together I was just looking for it. I couldn't find it. I don't want to have to redo it out here I'll look for that chart and if I can find it. Maybe I'll just have to redo it We could take a look at that tomorrow now tomorrow. I'm going to record the show from eight to nine So if you are listening live right now or listening on the recorded version of this Please join me from eight to nine or get some questions in to me early I'll be happy to take care of those things out there So so we're set up for tomorrow. So that's with regard to franco navada hector and again I'll get back to you on the dollar and the uh and gold moving higher at the same time out there Alrighty right now. We don't have the gold. We don't have gold moving higher or the dollar Well, actually you've got the dollar moving lower out there, but I understand where the question is coming from Let's go to the next question Which is coming from a Vic who wrote in earlier wants to take a look at uranium And this question was just simply what are our thoughts? So in the case of uranium got a nice hammer candle that formed yesterday And it formed just above its TD 9 count breakout level now It's not a bottom signal. I would prefer that it really gets closer to 2409 or test 2409 and rejects that level So I don't have a great clue on what uranium is suggesting to us right now Yes, it definitely tried to form a bottom a hammer candle tells you that bulls were trying to hammer out a bottom I mean, that's where it really comes from but a close below 24 45 is going to suggest at least around the 2409 But you could actually get an a to b equal cd to the downside The reason why that daily chart is a little bit suspect is because the weekly chart has a clear and present danger And that's called the TD 9 count top. However, here's the positive And this is with regard to yesterday's action and today's follow-through action What price did do when you get a TD 9 count pattern or get any kind of a topping pattern All that price really is given the opportunity to do is get back to see if it can bust through support That was the entire reason that the oscillator and changeline was developed It's green tells us we have a rising price oscillator That is a bullish condition price test and rejects that level tells us we have a rising this rising price oscillator above zero out there Very bullish conditions. So its overall signal on the weekly chart is neutral But we're still cognizant of that top on a monthly time frame You're just consolidating with inside its profiles that range out here because between 2010 and 30 16 out there So what's the charts telling us? Honestly, it's telling us that support held On the weekly time frame support hasn't really been tested on the daily time frame But that hammer candle so that's about as clear as I can be I can add one more piece of information to us for us to consider And that is that yesterday was the fourth consecutive lower close out here. Let's see how often we get to four closes You got to five back here since since this thing uh bottom. So we had one seven one seven consecutive move one five another four One more four and then yesterday's four So it gets to the point here Vic where it was yesterday's move And then today's move nothing more than just simply its natural dance steps out there It is mostly something that is certainly something to consider Seabro's with tfnn. We'll be right back. We get back ready to take a look at natural gas for kota tesla for kota We did the 10 year yield. He'd like to take a look at the 30 year Bond as well and for dam we're going to take a look at car bond. We'll be right back bold 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 xa u 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 subscribe to tom o'brien's gold report newsletter now at tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tigeresses for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigeresses As they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Welcome back folks. Still we've got all the u.s. Industries trading to the downside dows down 145 recipes up 29 nasdaq 155 and the russells down 10. Let's go out to Bethesda, maryland and speak with sue. Sue. Good morning. How are you today? Good morning. Thank you so much taking my call My pleasure. I have a question about xom. I talked to you last time. Yes Yeah, it's supposed to be yeah, you have problem. I you know, they they did and it's fair but you are 108 91 But right they went there and then they come back up again. Should they going lower? So right now, let's let's let's start off. Let's start off with regard I think we talked about this when we talked a couple of days ago We talked about the correlation between xon mobile the energy sector and light sweet crude now We didn't have a time. We didn't run. We didn't actually run that. I'm going to show you the chart right now This is going to be the correlation chart just so you can see what's going on The top panel here is light sweet crude now We know about light sweet crude is it's it's trading below the bottom of its daily profile out here And that was at 88 87. So once it lost support Uh, you know, we saw xon mobile act the same way and continued to move lower out here The bottom panel is showing you the directional correlation over a five day average when these bars are above zero It tells us that it has a a directional correlation not an inverse correlation That's would be the bottom bars out there So we can say that lights sweet crude and xon mobile trade in the same direction probably 95 97 percent of the time somewhere around there. So what in order to find a bottom We're going to need to not just find a bottom in xon mobile, but we also need to find it in light sweet crude Does does that there's a chart that i'm showing you does that make sense? Do you understand what i'm sharing with you? Yeah Okay, okay, perfect. All right Okay, so so we got that want to make sure we've got that out of the way The reason I want to do that is you're calling about xon mobile But because of this directional correlation We also want to go take a look at light sweet crude. So we're going to do that I'm going to switch over we'll come back to xon mobile, but let's go to see what lights sweet crude is doing We know that it closed below the bottom of its daily profile But the question is where is it likely headed to where's the next level of support basically So now we pull up these charts out here. We take a look at the daily time frame. I'll just simply expand it out The daily time frame says to us that lights recruit wants to target 78 94 That is the last place where it broke out from we're trading 82 65 out here So if that is the case and that is going to move lower so too should xon mobile It doesn't tell us how far lower xon mobile should move But it does say that at this stage here we've broken through support on that daily basis The next level on a daily time frame is 78 94 and we would say that Xon mobile would likely not bottom until we get down there Now what's going on in the interdate? Well first on a long term basis longer term meaning the weekly There's actually an a to b equal cd to the upside inside of lights sweet crude So perhaps when price pulls back to 78 94 that a to b equal cd pattern will resume out there don't know for sure Of concern, but it's it's a it's a it's a light concern this at this stage And the reason it's light is because it's only october 5th But when I look at the monthly time frame chart if we did get a bearish reversal candle This would confirm a rogment to mitigate or top and those are pretty significant Especially when they show up on the longer term charts out there So now let's pull this try to pull this together One we believe that lights recruit is headed back to its td9 count breakout level of 78 94 Let's go see where the breakout level is on xon mobile so that you can prepare for that Or potentially prepare for that and that level here on xon mobile on a daily time frame We're not that far from it. It's 108 42 So that is the next level of support xon mobile today got down to a low Of 108 87 now what I can't what I don't know what each of us don't know Is whether if price gets to 108 42 whether it's going to hold or not If it doesn't hold then we're likely headed lower the headed lower to where I would look at the weekly time frame chart That has a td9 count and right now It's going to it looks like it'll form a rogment to mitigate or top that should take xon mobile back to 104 57 So we know lights recruit is is likely to head lower We know where it broke out from xon mobile should target 108 42 So if that level fails we should see xon mobile get back to the 104 57 area and if 104 57 fails Then we're down into the 84 58 ish range out there this is um Does that is Is there anything that's confusing That get damaged then say that again Should I just take it take take loss then Well, I don't uh now it's 108 Yeah, you know, um It's 109 60 right now. Um, I have one on nine You know, I I supposed supposed to be 108 91 that would be spoke to this Well 108 42 is what I've got is the key support level um You know the the issue is so it's a great question and you've been in it for a while So you've got to make the decision that is most sure. Yeah, not that long not that long So you've got to make a decision because that's a very high price Right. Yeah, you got it up at the highs You know how I would be looking at this and I don't know how much heat you take an xon mobile 78 94 Should be an area where lights we accrued find support, but coulda woulda shoulda Um until lights we accrued really breaks a key level of support I'd be more inclined to sit on it, but you've got to really it's your money You know and you've got to protect you've got to protect those assets out there So I can't I don't know that I can share much more with you than what I have shared at this stage of the game I would also suggest that now. I can't I can't say that just yet Well, here's what I would share with you if you see a close and lights we accrued today low 82 35 That's going to be a signal that it's definitely headed lower and headed towards that 78 94 level So sue. I hope that that information really helps you out. I feel for you But it looks like you're still cool. It is there when 35 It supports that level whole correct In in lights we accrued is 78 94 for X on mobile the level that you're looking for Yeah What you're looking at is 108 42 is its next key level of sport if that fails 104 57 would be where it would be targeted Okay, oh my goodness. Okay. I appreciate that so much. Thanks. Thanks for your help You bet and thanks much for calling that was sue in Bethesda, Maryland Let's go take a look at natural gas. That's a is a request came in from a coda So we'll get over to those charts here momentarily So as I get my cursor to work And lights we accrued looks like it's a breaking out to us recruit natural gas So I say lights recruit must have lights recruit on my mind. We're taking a natural gas now what it's doing right now Let's open up the daily time frame chart The daily time frame chart does have a wave seven bottom signal that formed out here Well, that was confirmed on september the 27th That's a very small portion of the Chapman wave, but it's an important portion of it And right now what we've got is a wave seven bottom with price taking out profile resistance It has tried to take out profile resistance two other times if it closed above 3.07 to today and tomorrow That's going to signal that natural gas should make its way up to 34 3.432 that is its td nine count breakdown level We are looking at the natural gas November contract if you are trading the ung go find out what contracts are in there Odds favor. It's not just November. So you need to know what's going on in the contracts inside of ung That's different than just looking at ung like kota and i just did out here So we know where price is likely targeting and uh another key level of resistance Is going to be above 342 and be at about the 3.68 level kota help that hope that helps out with regard to natural gas We'll take a look at tesla we get 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 basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 pesavento 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.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 8664767523 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 Got folks now it's down 140 s and b's off 27 We'll take a look at tesla is for code inside the tigers den so tesla when we take a look at this chart here Code i'm going to start on the very right hand side monthly chart Monthly chart shows that price has made its way up to a support Our resistance level and that is its monthly oscillator and change line So that may be why price has kind of stuck right here that number by the way that print is at 257 86 We take a look at the weekly time frame chart what we have is a consolidation with inside its profile levels That's between 232 35 and 272 32 It does have a td9 count top that formed out here the week of july 21st Price pulled back Tested actually broke through support. It's bullish structured weekly profile But that was for one week the following week it got back inside there So this day and then a new profile formed a couple of weeks ago So right now on a weekly basis really on a daily basis And i'll say on a monthly basis you got a good old fashion consolidation between 232 35 and 272 32 with right now price testing monthly resistance the resistance area on the daily time frame Where is it your above profile levels? Um, this td9 count breakdown area was taken out once so I can't really call that resistance I just have to get up to its swing point from back on september 15th and that range is from 271 to 277 55 So I just think you've got a good old fashion consolidation right now Watch those weekly profiles that weekly oscillator and change line for additional clues out there So hope that that helps you out I believe you or somebody wanted to take a look at the 30 year treasury So let's go take a look at the 30 year their request was to take a look at the monthly time frame Which will do But we will also take a look at the other time frames out there because those are the charts i'm going to pull up So if you give me just a moment here, we'll see the 30 year treasury on a monthly basis though Let's get up and answer that question on a monthly basis. We could see that we are trading below last month's low All right, so we know that that is a bearish signal. We also see out here. I just have to would have to Restart this so that those trend lines Must have gone something more like That's not the trend line That's for sure So we're just going to skip the trend lines right now. I have to come back and draw those in that doesn't matter So what do we have pattern wise on a monthly basis? Well, first there's a breakout area So the next breakout area in a monthly basis down at 109 06 Do we get down there pretty close, but we haven't gotten there So that should be an area of support. It's not a guarantee You can see we've crushed through other TD 9 count breakout levels, but that would be a next area of support What's needed on a monthly basis to confirm a bottom is going to be a bullish reversal candle because you have a rose momentum indicator signal Um, that is a present at the moment So I know you were looking for the monthly information the daily of the weekly chart also shows a wave number seven bottom The last bottom that formed out here inside the 30 year was a wave seven bottom So we'll want to keep our eye on that now in order for that To a form you have to have a higher low so that earliest that would confirm would be next week out there On a daily time frame, you don't have any kind of a bottom signal out here It suggests that price wants to continue to move lower because you are below profile and below red oslater and changeline So I hope that helps out with regard to the 30 year now folks We got a treat for you. We've got the man. Mr. Larry Pesavento on the line as well. Just wants to say hello Larry Thanks for calling in. How are you feeling these days? Hey, I'm feeling better. This is the four days. I've had the big c here since uh, monday Okay, doctor said it probably take about seven days, but I'm feeling okay I know I don't have any Nothing serious just a you know clogged up head and uh, I've never been able to think very good anyway So the doctor could use that as a gauge Well, you saw you sound good. You sound good You sound good. You know, you don't sound like you have congestion or anything If we go below 42 35 and that s and p futures Yeah, be very careful because we could drop 100 points in the matter of uh, very short time because That's real. We're the bond market's the problem. Steve. There's just nothing there the the fed is screwed China's screwed. We're screwed People want their money and they're not getting it. So that's what's going to happen They're going to have a big move down in those bonds probably a 103 105 somewhere in that ballpark before bottoms Yeah, there's there's no doubt. There's there's no doubt when you take a look at Uh, some of the data that the treasury does provide, you know, china is just they're in the mode of just dumping bonds They're just dumping them. So yeah, so, you know, the crude oil, you know, they were telling us about $100 barrels Just like they did at $200 a barrel. Well, that's top And it has absolutely down to about 60 something. Anyway, listen, I just want to call in to everybody and not to worry about me I'll be back Monday. Got it. Perfect. Perfect. Well, we think you sound great. So you're well, you're welcome to do the show today Even with a clogged head All right, our best Yeah, thanks for calling in larry pessemento Um, let's get on to our our next request out here. So I think we've covered everything inside the 30 year treasury out here You can see on the short term basis when I say short term I'm looking at 240 minute and a two hour chart here as they have roads meant to indicator signals They're suggesting that the 30 year ought to get up towards the 112 24 113 24 level out there. So I don't do hope that helps you out with regard to the review of the 30 year Let's go to our next request out here. This is coming in from dan inside the tiger's den. Mr. A b cd himself He wants to take a look at car vana c v na is the ticker symbol. So we'll get up there momentarily I believe that is on this chart. Yeah, that is. So we'll take a look at car vana What do we see we see that right now price is trading below a key level of support That is a td nine count bottom that formed back on august 17th that low out there is at 36 42 If car vana closed bow 36 42 into suggesting to you and I that it wants lower price because it will have taken out a prior area of resistance And I don't have any kind of a bottoming signal. In fact, what we probably have I don't know if the retracement is enough Um, let me try to take a look at that on my other system. So Real quickly here Is this forming an a to b equal cd to the downside? So to answer that question. I just want to understand what the potential retracement is Well, I can't get this operate. There we go. So here Oh my goodness, it's hard Okay, no, no, I can do that. Sorry. Sorry for this little delay here folks But that's what happens sometimes. So the price I look at this. Yeah, this would be the a to b equal cd So the retracement here Was only 24 percent. So I said the retracement would have been really between where it's labeled c and the following bar Dan so I'm going to say we don't have an a to b equal cd to the downside pattern You're in bar number four you're trading below a prior area of support and a swing point So if we close below that level What this is suggesting to you and I is car vana wants to make its way back to 24 68 On a weekly time frame prices trading below its bullish structured weekly profile So we know a close blow 38 46 would not be a good thing and that could suggest getting all the way back to $8 and 80 $886 cents out there. That's what we see. We take a look at the weekly chart monthly chart Not a lot here to assist us with other than the fact that looks pretty good Although we're trading below last month's low. So we would have to discount that comment looks pretty good So it looks to me like what car vana signaling to and I dan is he wants to head lower And at this stage here until some other pattern forms 24 68 We'll be the target. So I hope that that helps you out Johnny d took a long position inside the gdx wants to take a look at it what it's doing And that sounds good unless price closed below yesterday's low Why because yesterday's low is a td nine count bottom was the bar following bar number nine So a close below 25 62 is going to suggest a run lower run lower to where well 22 58 would not be out of the question That happens to be the monthly td nine count breakout level Now there's a to b equal cd to the downside patterns that are already confirmed out here Inside of the gdx on a weekly basis. So you really need that daily td nine count pattern to hold out there if it doesn't There's your a to b equal cd So it's made the one to one move out here and it needs a bullish reversal candle short of that 22 58 becomes a target only if Yesterday's low gets taken out on the positive side It looks like the u.s. Dollar index is going to pull back and the gdx should go target 26 78 to the upside 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 keg stat 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 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 basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman 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 pesavento 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. 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We're a support and resistance easy enough for us to figure out support is at 143 72 That is the daily oscillator and changeline that level was tested so far It's been rejected if price closed below that the next area of support will be 141 81 Resistance because price is trading above the top of its daily profile We then look to the weekly profile and we look at that We can see price is trading below the bottom of its bullish structured weekly profile Resistance then is at 147 55 if price can move above that. We're looking at about 150 153 61 so that's your support and your resistance for the summaries out there Agape I hope that that provided you with the information that you were looking for the last request coming in from the tiger's den I didn't write down who this came from might have been inno who wanted to take a look at the Cues we're going to take a look at the end cue So let's get over to that set of charts out here and the 30 minute time frame For the nasdaq is actually bullish right now. So we take a look at the task market breath We have 50 trading 50 instruments trading above resistance nine trading below support So 30 minute has bullish market breath now We don't have a bottom signal But it was really an honor of larry pest event who called in the show If we take a look at the retracement on a 30 minute chart from its low at about 3 30 morning This was yesterday up to the high that came in At 8 30 this morning. Well, guess what we've got we have a 0.618 retracement out there and so price is bouncing off of that what the Nq is likely to do out here just at least interday is a bounce up towards that 14 8 45 level No idea if it can take that out if it can then we likely continue to head higher now The other four type rings 60 240 daily and weekly they all have bearish task market breath out there So this could be just simply a short-term trade, you know folks stay tuned for all the great programming Don't forget tomorrow. I'm going to be live from 8 to 9. So please join me early for tea and crumpets And anything else that you'd like for breakfast. Have a terrific thursday. We'll see you tomorrow morning. Take care Be safe out there