 The following is a presentation of TFNN, The Trader's Edge, with Steve Rhodes, all now toll-free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge, now Steve Rhodes. Good afternoon, folks. Welcome to the August 2nd, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, D.P. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, well, it means we can find the gift in every set of circumstances that life is going to toss at us. Now today, you and I are going to go check on the circumstance of these markets. Well, go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this. During the next 60 minutes, 53 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial in at 877-927-6648. If you can't dial in, we've got you covered there too. You can always let those fingers do the walking. That means go ahead, send me an email, send it to Steve at tfn.com and inside the subject heading, please put radio show question, of course, inside our Tigers, and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger Financial News Network. Excuse me. I'm Steve Rhodes. Welcome to the show. Right now, you've got a mixed bag out there. The Dow is trading down a 65 points. The Nasdaq and the Dow Transports are down 281. The S&P is up 15. Nasdaq 100 up 97. Russell's up 15. Semi's are up 34. Gold's up 5 bucks. Silver's off 17 cents. Light's recruit is up 247. That's a gas back 48 cents. The 30-year treasury is off 1.1932. She's trading at 143.03. Lay the charge dollar-wise the upside. You've got a rocket ship called AMTD Digital. Wow, this thing is all over the place. I looked at it just a few minutes ago with, I think, someone in the den. It was at $2,300. Now it's $1,800. So there's some dynamite going on there. Booking holdings off is up 49 bucks, nearly 10 percent. Tesla up 27 bucks. That's 3 percent. Mercado Libre up 26 bucks, 3 percent. To the downside, Zebra technology is off 7.5 percent or 26 buck runes. Water's corp down 18 bucks or 5 percent. Cineo's health down 13 bucks or 16 percent. Avis renticar up 12 bucks, 6 percent. Encore wire up 8 percent or 11 bucks. So we've got some movers and we've got some shakers out there. But let's begin the day by taking a look at what's going on by looking at the daily equity future contracts. So we'll do it a couple of different ways. The first way we'll go take a look at those white background screens as we take a look at this. Here's what we know. Price is trading above all profile, well, daily profile levels, I should say. We've got no topping signal. Now you don't see the A to B equal CD pattern drawn in there. I'll switch back over to the other charts momentarily and you'll see those patterns that are out there. But that's what's in place for each of the four equity future contracts. Now, in the case of the Yen Q, where's this next target? It'll be the A to B equal CD price projection. The same with the Dow, same with the Russell 2000. The Russell 2000 does have resistance at 1919. That is his TD9 count breakdown level out there. So that's an area to be watching. We're at 1900 bucks as we speak. Now each of their oscillator and change lines on the daily time frame have changed color. Typically, so that does mean that eventually we're going to see price net line catch up to each other. That typically occurs, not always, but typically occurs after we get a topping pattern, in this case here, for any or each of these equity future contracts. But on a pullback, that still becomes the, that's really the test that each of us are looking for at this stage here. The ideal test would be, or an ideal test, an ideal test just simply pulling back, testing and rejecting that green oscillator and change line. Why is that important? Well, the green, the difference between the green and the red oscillator and change line, tells us whether the price oscillator is above zero or below zero. When price is above the oscillator and change line, it says that we have a rising price oscillator. If it's below a red line, it says we have a falling price oscillator. If it's above the line, you've got a rising price oscillator. The question is whether it's above zero or below zero. If it's below the oscillator and change line, then you've got a falling price oscillator. Again, the question is above zero or below zero. A falling price oscillator below zero is very bearish. A rising price oscillator above zero is very bullish. Those are the conditions that we have right now for the daily time frame. But ideally, price will pull back, test that, and if it does test and reject it, that signals to you and I that we're headed to the added to higher price out there. Now, we've already gotten the two-week counter-attractor. Well, we'll come back to that. We'll come back to that one material. Let me go switch over to the, let's go switch over to the other daily set of charts out there. Those are helpful to identify the next price projection areas out here. In the case of the ES mini, that would take us up towards the 4226 level. You can see prices above the 1 to 1.272, which was 4119. In the case of the NQ, the next price objective is 13282 for its A to B equal CD pattern. In the case of the Dow, now the Dow still has retained this new profile that's attempting to form. The others have gone away, but the Dow is still there. The profile is formed below price if it does take hold. That's a bullish signal out there. Price can still pull back and test it. The test it would be the 32174 level out here. But it's next price projection to the upside would take us into the 32943 area. In the case of the Russell 2000, that would be 1930. However, you and I identified it. In 1919, you've got a TD9 count breakdown area. We're in bar number five on a daily basis. You could get a TD9 count topping signal, but the earliest that that would show up would be today's Tuesday. Thursday would be Friday. We won't hold off for that pattern just yet. We'll certainly come back at the end of the week out here. What I was alluding to earlier, let me get back to another set of charts out here. This is where I've got them. I'll just pull this over. Someone pulled this over here to the black background screens. Everybody's seen it. So on a weekly timeframe, here's what we know. Well, first, this is a weekly timeframe for the NQ. Ever since the high that came in, that was the day was November 22nd, 2021 out there. So ever since then, we've had really two countertrend rallies of significance. The first one was a two-bar rally. You see that? That was racked to basically test those eyes, and then it was a move to the downside. We had a three-bar rally. That took place across bar out here. That took place. That began the week of March 18th and lasted through the April first time period. Price got back below that red oscillator and changed on that was curtains to the downside. Now you've got that nice roadsmint to indicator bottom. We now are in week number two. That's been confirmed. So we should be nearing a period, just simply from a countertrend move standpoint, where we should see some type of short-term top. If it's a TD-9 count pattern, where you're on bar five, you've got to get to bar number eight. It's Tuesday, so it's Wednesday, Thursday, Friday. It's the first day we get bar number eight, and that says that you could see a short-term TD-9 count up for between Friday and then the following Tuesday out there. But any bearish reversal candle would do the same. That would give us a sell the D-point pattern. So that's in the case of the NQ out here. Now, that's the case for each of the indices. So where do we want to go from here? Well, we're going to go to a break, and I'll figure that out during the next couple of minutes. Please join me as soon as we get back to this break. Steve Roach with TF&M. 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These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors. I switched this to the NBX100 chart. We went to the monthly timeframe. We're back in the 2007 timeframe. We looked at that for the NQ a few minutes ago on the weekly timeframe chart out here on the monthly timeframe. You can see how from the high that formed back in October 2007, that led to a first to four-bar decline. When I say a four-bar decline, I'm referring to each bar's close below the prior bar out there. We're just looking at consecutive closes to the upside or to the downside. Black numbers are the upside, red numbers are the downside. Then what we got was we got a three-bar rally. We took a look at the weekly rallies. On a monthly base, you had two rallies that formed during that 2007-2009 decline. One that was a three-bar rally, the other was a two-bar rally. You can see you had four bars to the downside, then you went three bars to the downside, one to the upside, two more to the downside, and then basically that was it. Then we were off to the races to the upside there. What I expect here is that we should see some type of short-term top on the daily timeframe. That pulls back into that oscillator change line that we took a look at. If we get a test rejection of that, that would add to the idea that we should get a two-month rally. We've already been through month number one inside the NDX. That says a rally in August. That rally in August might take us up to the oscillator change line 14651. If we take a look at this chart out here, this chart is now at the Dow. This is also on this weekly timeframe that we're looking at here. Here I've got my horizontal trading ranges. Those are the green lines out there. Those are established by identifying the largest number for the time period that I have up here, the data that I have, I should say, looking for the largest number of co-located opens or closes. It doesn't matter whether it's at a price point that's a close or it's an open out there. That price point came in at $10,558. The second price point, number of largest co-located opens or closes, came in at the $79.36 level. There were $65 there. There were $186 at the $10,558 area. That set up the primary trading range boundary lines, or the horizontal trading range. Once you have that distance, you just simply add that value to it. You've got those other horizontal trading ranges. It was typically act as support or resistance levels. I've got the diagonal channel lines or trend lines out there. The blue one, you've got the uptrend channel coming from the October 2020 level out there. You can see the yellow ones. Those yellow ones take us all the way back into the 2000-ish timeframe and even back before that out there. Now, the cool thing about diagonal channel lines, just like horizontal, is once you have those established, take a look at the yellow lines, you just simply continue to replicate that with the same pricing distance here. And oddly enough, once we got the first two in place, look where price stopped on that second dash line. And then, as price was able to get above that, where to price stop, it stopped at that third, or that second dash line, I should say, up there. So, nothing that Stevie forced out there. And now what we have here is you've got the descending trend line, those are the red ones, that the Dow has been in since the beginning of the year. I would presume that this two-month rally should take us right up to that descending trend line area. And that's towards the 34-152 level. We're not going to try to tag this to the number anything, just giving you a general idea of where price is likely headed to. We're at 32.6. We're talking about getting up to 34.150 or so in that range out there. And that's what it looks like the markets have set up. But what we need to see here is we need to see that test and rejection of that daily green oscillator and change line out there. So, that's the overview of the markets at this stage here. People may be saying to themselves, you know, how can that possibly take place? How are these markets going to head higher? You know, the one thing you cannot underestimate is the value of the global flow of capital that is coming out here. And so, at this stage, that's what this set of charts is looking at. It's looking at the Euro, both at the top and the bottom. Prices are below both the lowest closing level, 1.034. That was from 2017 out here. And that suggests that what price wants to do over time is target the 82-cent area, the 84-cent level. So, that will continue to send capital to the US. So, as more countries over in Europe default on their debt because they tied their debt to the US dollar, and the US dollar index is moving higher. Let's take a look at the US dollar index. Let's just move over there and take a look at that since we can get there. Here's the US dollar index. So, now you're looking at multiple different timeframes out there. Grand of the dollar is pulling back, but it's not like the dollar is toast or anything. It made its 1 to 1a to be equal CD price projection, 109.47. So, the next level is 116. The next level above that's 125. The next level above that is 135. I presume that's where we're likely headed to, at least back to the highs of 2001. And that's in the 129 level. Why is that going to happen out here? Well, because just simply put, we're the reserve currency of the world. And as people are concerned, if you are living in Europe and you've watched the euro get decimated out there, at some point in time, people are going to say, I need to protect my capital. Where am I going to protect it? I'm going to go in and put it in the US dollar index out there. I'm going to put it in the US dollars or US based assets out here. So, this is going to continue to move higher and as more countries that issued debt to nominate US dollars as their currency weakens, it costs that much more just to pay the interest payments, let alone the debt payments. So, we've already seen a number of defaults that are out there. Those are going to continue. And that's what's going to drive the US stock market to levels that we can't even imagine. 60,000 inside of the Dow out there. But look, we're going to take things one step at a time. And talk about taking things one step at a time. Why don't we go to a couple of questions that have come in. We've got three that have come in so far by email. So, let's get to the first one. The first one coming in from David H. and David in Panama City says, hey, Stevo. Hey, David, oh, based on your charts, do you think Tesla can reach 1100 by a monthly expiration of August 19th out here? Well, let's go change over and let's get those charts fired up. Tesla. So, let me get that going here and then we'll change the screens. Now, let's go see what the charts say. So, David, momentarily, we'll have the daily, weekly, and monthly timeframe charts up here for Tesla. And you're asking about August 19th. You're talking about 17 days from today. Here's what we know at this stage of the game. What Tesla is doing, it's certainly got an A to B equal C to the upside, but no bearish reversal candle, price above profiles. So, that suggests higher price when we take a look at the daily timeframe chart. Let's come take a look at the weekly chart. Weekly chart shows that price right now is taking out or trying to take out its resistance level, and that is the top of its weekly profile. That level out there, David, is 900.56. Let me make sure I have that correct. Give me just a moment. I just want to make sure that my eyes are not lying to me to SLA. I don't want to give you a wrong figure out there. So, write this on your pad of paper, 90356. If on Friday, Tesla closes above that, then that'll suggest a change in trend, quite frankly, and that would then suggest a move to 1092.222. That'll be your target. You're asking, can it get to 1,100 by that day? Well, you've got to take things one step at a time. So, we're going to take a look at where the next resistance level is for you. So, assuming that Tesla's only Tuesday, but assuming they can close above 90356, then your next battle will be at the monthly oscillator and change line, currently 973. David, that number is going to go up and down, but you can use that as a general benchmark out there. But if price can overcome that oscillator and change line and do that post-taste, that's going to suggest a further rally, and that's going to take you up to that 1092 area. So, do we see possibilities coming from the charts? Absolutely. No topping pattern on the daily timeframe. Try to take out resistance on the weekly, and if you do that, you should get up to the 973 level above that, and 1092 is the number. Folks, stay tuned. We'll be back in just a few. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee, so you have nothing to lose. 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Now, if we get rid of the seasonal or the midterm aspect of that, then the stock here for Tesla looks like this. In July still, it's one of the weaker months out there, but it does say that the price will continue rising. I would say we're more in the midterm than we are in this type of cycle out there. So I thought it would add that for you and do hope that that helps you out. So best of luck with your trade there. Next question coming in from Hector and Patty. Hector and Patty say, Happy Taco Tuesday back at you. ExxonMobile, TD9 count of last week, still valid or no. Thanks. Let's go take a look at you, ask about the TD9 counts. We're going to go ahead and change screens out here. And Hector, there was a TD9 count on the daily that you want to really be aware of and that formed a couple of days ago. It was the bar following bar number nine. Pretty cool, huh? That was a gap to the upside. That was a wide-ranging bar. That was everything. Kind of cool how these TD9 count patterns work. Remember that top needs to form on bars eight, nine, the bar following nine. It's the high of those three bars that are going to set up the significant top out here. Now what we have is prices pulled back. Now it's also a change line. Hector on the daily timeframe has changed colors. So that line and price should catch up with each other. When and if they do, if we get a bullish test, that would be a test and rejection of that. That then says price hits the upside. Now you still will always have resistance from that TD9 count top that formed on July 29th out there. So that high is 97.52. That's your resistance level. On a weekly basis, you had a nice rogment to indicator top that was formed with that bearish shooting star candle. That took price right back to support out there, which held price. Last week closed above the top of its weekly profile. The top of its weekly profile is 95.66, 95.06 out there. Price would close above that. Again, this week, that would be a bullish outcome. It says we had higher. And on the monthly timeframe chart, you've got a TD9 count pattern as well. The price above its oscillator and change line, which is green. And above its profile levels. So it's really somewhat of a neutral signal. But we do have tops in place for the daily, weekly, and the monthly timeframe. More likely not, this is just simply Hector and Patty, all about a test of that daily oscillator and change line. So that's what I'll be watching. Again, that's currently printed in 1994. I don't expect that's where the test will take place out there, but a test rejection should then suggest that price will continue to move higher. So hope that helps you out. Thanks so much for the request. And you have a terrific Tuesday. The next question is the only question I've got at this moment. So if you'd like to get into the on-deck circle, if you're inside the Tigerson, go ahead and type something in or go ahead and send me an email, Steve at TFN.com. This next question is coming in from Nicholas A. And Nick wants to take a look at the SMHs. So let's get those fired up on our screen out here. And then we'll go read this question, which is, hey, Steve, would you please go over SMH's resistance level specifically? Thank you. So we'll get those two populate here. Now, what I can tell you is by looking at my other, oh, she's got a type of the actual correct symbol, just so that each of you know, there is no symbol that is SMNH out there. So it's good to clear that error. That's for sure. But we'll wait for the SMHs to actually populate. What I do know, what you now can see out here, is price is trading above the top of its daily profile. That suggests 34370 is where it's headed to. 34370 is going to be your first resistance level. That's a CD9 count breakdown level for its daily timeframe. As we look at the weekly timeframe, price is above its descending trend line out there. It's above the top of its weekly profile. So where's the next level of resistance? I think we have to just simply switch over. So on a weekly basis, the next level of resistance would be really probably the swing point rate out here from the week of June 3rd. So that's at the high of about 24912. You've got 24370 from the daily TD9 count breakdown level. And on a monthly timeframe, what we have here is price regained its bullish structured monthly profile. Now, what that means to us, Nicholas, is that if they only had one bar below the bottom of that bullish structured monthly profile, nonetheless, if there's only a counter trend move, then where the SMH should find resistance is at 24642. I say that with about a 70% conviction rate out there. If we had two bars that had closed below the bottom of the bullish structured profile, then I would give you 100% conviction there. But nonetheless, you are specifically asking for resistance. So on the daily, it's 24370. On the weekly, it's going to be that swing point that would take you into the 249 level. And on the monthly timeframe chart, 24642 out there. So I hope that helps you out, Nick. Thanks much for writing in and have a terrific Tuesday. We do have our request inside the Tigers then. Thank you. Tarpin2 wants to take a look at ticker symbol CVNA. Let's see if Stevie can spell that correctly on the first try. He has. Wow, you got to love that. That is called smooth typing instead of smooth jazz out there. So again, the ticker symbol there is CVNA. And CVNA is what? Well, right now it's trading above its TD-9 count breakdown level on the daily timeframe at 3064. You get another close above that. Then on the daily chart out there, that suggests that it wants to move higher, moving higher to where? Well, the next price target to the upside would be 6085. First, you want to see a close above this 1064 level. Two consecutive close above that. That would be beautiful. I say 3064. Stevie, come on. Get your act together out there. 3064. Two consecutive close above that says we had to higher ground. On a weekly basis, you have a, what looks like, and I can't really tell. But let's just take a look at where resistance is for, is this Carvana? It is Carvana. I saw one of their trucks the other day. I still can't figure out how these guys are making money. Well, maybe they're not making money. But at any event out there, 4037 is the, a price can close above 3064 for two consecutive days. Then what we're looking at Tarpin is 4037 is being the next resistance level. On a monthly basis, now you can see why you're really looking at this. You've got a nice TD9 count bottom. This suggests over time, that price and oscillator and change line should test each other. Now, the oscillator and change line is currently printed at 130808. I'm not saying that's where that price is going to take us to, but that is the bigger picture here. So Carvana is got a, what looks like a nice bottoming pattern for the daily timeframe. Price trying to take out a key resistance level, 3064. Get a second, two consecutive close above that. We're off to 4037. You close above 4037. Boy, that's going to bring that 138-ish level into play. So Tarpin, any questions about that? If so, just simply go ahead and let me know. We'll go over those. Otherwise, that is the review of Carvana out there. Now, let's see, was Nancy? Nancy says, Apple, if we have time. It seems to get stuck at the 162.25 level. So let's take a look at AAPL out here and see if we can help Nancy understand why Apple is stopping in that 162 level. See if there's anything that pops out to us. So right now, price is trading out of 160.55 and voila. Here is our answer, Nancy. 163.75. You should have been just more exact about that. Let's see if the price actually hit that. The high last week on a weekly basis was 163.63. Nancy, you see the bottom of that weekly profile? Maybe you don't see it on these charts here. Let me do this. Let me switch over to the black background chart. It's a little bit clearer. And so you'll see that as we go into the break. And the answer to your question, though, came from those weekly profiles. Barrestruction weekly profile. And that's where resistance is at. 163.75 to 167.64. Hope that answers your question. We'll be right back. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities, and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the Forex market. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, 4-Side Fund Services, LLC. In addition, I'm not showing you that chart. If we take a look at the New York Stock Exchange, I'll just simply pull this chart over. We'll do it on the black background screens out there. You'll see a nice TD9 count top. Of course, I've got marked out here on this chart here, the other TD9 count tops are bottoms. The New York Stock Exchange tends to really like this pattern out here. So you've got a TD9 count top that's in place. And it remains in place unless we get it closed about 1535473. If we did get that, that would tell us that its intent is to go to 16019. But now that we've got this in place out here, what price should do is target that oscillator and change line in the 14889. Nancy's asking the question, why is the market selling up? Well, I'm just trying to give you a little bit of the bigger picture here and what to expect or anticipate. So the general market has a TD9 count top. Inside the New York Stock Exchange, we looked at this yesterday, both the top 100 US stocks and the top 100 international stocks have TD9 count tops as well. Now we take a look at this black background chart here. You've got the advanced client oscillator for the New York Stock Exchange at its panel number two. You can see that this thing is well above the overbought level. Overbought is at 150. Now this is a nice larger bullish sign out here. This adds to the idea that we should see or could see a two to three month rally. We're going to focus more on the two month rally out there. But typically when the advanced client oscillator gets above or closes above plus 150, it tells us about future highs to come. Doesn't mean it's tomorrow, but it tells us about future highs because price also has to work off the oversold condition out there. So that's another thing to look at. And then I mentioned just briefly, as we were doing, I believe the one o'clock update. And that was that what we're seeing out here is a rising potential, a rising bottoms pattern in the spot volatility index out there. So that's also something to pay attention to. You can see other instances where we have rising spot volatility index low closes out here. And each of those ended up leading in some type of retracement or something larger than that out here. I expect that this will just be retracement as that New York Stock Exchange works off its overbought condition. But the market is going to tell us what its intentions are. No, if you try to understand what the market is doing today, and I think really, Nancy, that's in essence one of your other questions. Why did it sell off? Well, it's all about understanding where support and resistance is. I mean, if we can get that down pat, then it helps to answer those questions, just like understanding why was Apple running into resistance where it did? Well, once we put up the charts, we could see where the profiles were at. Those profiles told us where buyers and sellers are that answered the question. It was really simple. The market answered the question, not Stevie. I'm just narrating the charts here, just your narrator. Now, you might get tired of my narration, but that's what I am. Now, if we take a look at the two-hour timeframe charts out here, and this is what I picked up on earlier this morning, provided this to subscribers in the newsletter so they could understand where the markets were likely to be trading today, well, if we take a look at what the ESMini did, it did this this morning, 8 o'clock, this confirmed a TD9 count bottom right at the bottom of its support level of its profile for the two-hour timeframe chart, and just above the TD9 count breakout level of 4081. Now, what did price do during the time period that we were on the air? Well, it got up to the TD9 count breakdown level. Let me just expand out the chart here for the ESMini. So we know that support held both the profile and TD9 count breakout support, and what we also know is resistance held. 40, what is that? 41, 44, 50 out there. So prices just trading right now are consolidating between support and resistance out there. Support is held, resistance held. Which one's going to win? I don't know the answers to that question. I do suspect, though, that the lows will give way to work off that overbought condition out there, and maybe that's the message of that rising spot volatility index. But right now, 4081 is support, and it remains support until you see a close below that. That's the ESMini. If we take a look at the NQ out here, the NQ also formed a TD9 count bottom on the two-hour timeframe chart. It did that this morning. It did that, I believe, but it was also at 8 o'clock. Let's just take a look at it. It did. And then what price has done is prices tested. Again, it's TD9 count breakdown level, 13, 084, 75. It's telling us it's going to struggle to get above that level, at least today. Now, what we don't have here is a support level, or a TD9 count breakout error, but we do have support. And it's the low of the TD9 count pattern, which was the bar following bar number nine. And so that support level for everybody who watched playing the home game is 12, 8, 14, 75 for the September NQ contract out there. Price closed below that. Then we're headed lower, or it's headed lower. If we take a look at the Dow equity future contract, what it has, a Rosemont indicator top, that led to a test of breakout support at 32, 458. That led to a TD9 count bottom, which then led to a test of the green oscillator and change on at 13, 703. So the key level to be watching here, yes, it's 32, 458, but really it has to be the low of the TD9 count pattern. So the key area to be watching here is going to be 32, 374. We see it closed below that. Odds' favor were headed lower. And the Russell 2000, it's just simply is not wanting to go test any levels of support, so to speak, and resistance. Where is resistance here? That's a great question. On the daily timeframe, I don't show that, because Price is trading above the top of its daily profile out there. So I hope that answers the question with regard to what the markets are doing. Each morning, I go through these multiple timeframe charts, looking to see which timeframe, if any, sometimes there's none, but which timeframe, if any, is providing us with the most consistent information. And this morning, it was really clear. It was the two-hour timeframe chart. And so hopefully that answers your question, Nancy, with regard to why is the market doing what it's doing? Got right up to where those sellers are at. The sellers fired away. Why did Apple has stopped where it did? Got right up to where the sellers are at, and they went ahead and fired away. So what do you want to do next out there? Let me just check, see if there's any, I think there was a request. Oh, XBI. MacGuppie wants to go take a look at XBI. The question specifically is, is today by the D-point on the daily timeframe? So I don't believe that it is, but let's go ahead and open up this chart out here. And that is ticker symbol XBI. So let's get that going. Make sure I'm the right set of charts. I am. And XBI is the S&P biotech ETF. And as this daily chart pops up here, what we're going to see is a rogement and mitigator top. That rogement and mitigator top has led to nothing more than a, in fact, that that rogement and mitigator top hasn't even been confirmed. What we have out here is a consolidated, we do not have a buy the D-point pattern. There is no A to B equal CD out here. And I mean, I guess I could draw one in. If I were to draw that in, it would look like this. MacGuppie, there's your A to B-point. And I'll just move that over to where the C-point would be. Let's move this over here. If I can grab it. What the heck is going on there? Maybe I just have to redraw it. That's weird. Okay, that's really weird. Okay, there we go. Now we got it. So there would be your, so it hasn't gotten down far enough. We need to get into the 7705 level. But the real pattern out here is the consolidation with insider's daily profile. So the buy point is about the 7859 level. This morning's low was at 7872. The sell point is at about 8463. That's the top of its profile out there. As I look at the weekly time frame here, you have a new profile that has form. Your resistance level there is 8641. Steve Rhodes with TFNN will be right back. The answer is no, this is not a buy the D-point pattern on the daily time frame. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGC. VistaGold executing a strategy to create shareholder value. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. The big mover out there is AMTD Digital. HKD is the ticker symbol. If you just take a look at today, today this has gone from a low of 668 all the way up to the high came in at $25.55. You're trading $18.99 right now. But just looking at the intraday chart, so the interesting thing is today is going to complete a is going to confirm a TD9 count top. Tomorrow we'll complete the pattern. Remember, the high can form a bar is $8.99 or the bar following nine. So tomorrow will be the bar following nine. As we look at the 195-minute timeframe, we can see that a TD9 count top is forming right now. Now, this bar here completes that, well, not till 4 p.m. out there. But it does look like this is going to form a TD9 count topping pattern out here. The 130-minute, I don't have a topping signal, nor do I for the 65. And really, I don't have one even though it looks like Rosamundicator top on the 30-minute chart. I really don't. But the levels to be watching on pullbacks out here, if this is going to maintain its momentum, that's pretty easy. That's that green oscillator and change line. You can even see that on the 15-minute basis out here. So just simply expand out this chart. So you can take a look. Is this going to continue its momentum? And here's where this green oscillator and change line would come in handy. So right now, price is testing that green oscillator and change line. And that is at the price point of $18.2374. If price close below that, there is support at $17.30. But that could be signaling to us a change in trend out here for HKD. So the daily is saying, be careful because of the TD9 count top that should complete by tomorrow out there. So I hope that helps somebody might take a lottery ticket out there to the downside. But it looks pretty strong, doesn't it? That looks sort of strong, except for that TD9 count top. Folks, stay tuned. Your favorite Polar Bear, David Weitz up next after that. Tom O'Brien will take us on home. I'll be back with you on wonderful Wednesday. Please have a terrific Tuesday. Take care, folks.