 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 morning folks welcome to the May 18th the fantastic Friday edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past hope everyone others having a great day and let's make sure we have an extraordinary one now The easiest way to do that. Well, it's 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 gonna toss at us now today you and I we're gonna go start We're gonna 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 That's this during this next 53 minutes. I'm here to serve you So feel free to pick up that phone dial on it eight seven seven nine two seven six six four eight Now if you can't tell him, but you got a question, we've got a solution Send me an email send that off to Steve at TF and end calm But inside that subject heading if you be kind enough to put radio show question Of course if you're inside our Tigers then will that any in every ping will do So let's go ahead and get this show started on Fantastic Friday, of course, this is tiger financial news network. I'm Steve Rhodes Welcome to the show. So right now we got a mixed bag out there The mix is really coming from the Nasdaq which is off three points to some eyes down 22 in the trannies off 62 other Industries to the upside that was up 63 about two tenths two tenths for the S&P or nine Points the Russell's up one point. So it's flat New York Stock Exchange up three tenths percent 46 points there Gold is up a buck 60 while silver's down 23 cents natural gas is up seven pennies while lights we crude is flat The rear treasury down 23 ticks printed out at 120 706 now leading the charge today to the upside Dollar wise is regenerate pharmaceuticals. That's a $15 move a 2% move Global SA a 15 bucks nearly 15 10% move thermal Fisher scientific 750 One four tenths percent Adobe seven dollars eleven cents nearly two percent to the upside to the downside is Mercado Libre off 25 bucks nearly two percent Decker outdoor 22 bucks five percent all the beauty twenty with two bucks four percent Foot locker 11 bucks twenty six percent. That's a big that's a big hit out there. So where do we want to begin? Let's begin here. Let's begin by switching over to a different panel Let's go. Well, wait, wait, we might have caller. We have a caller and then it'll be up We do we've got a caller and we've got call ahead seeing here. So let's go out to Brent in Martinez, California Hey, Brent. Thanks for calling. Thanks for holding. How are you this morning? No, I'm doing great Steve. How are you? Excellent. Thanks much for asking. I got a big weekend planned Well, we're getting ready to go back to Boston on This next week. I told Basil about that. I'm hoping I meet up with him I know he's out of the country at the moment, but I think he'll be back So yeah, I'm back there. My son is Getting his masters from Harvard. So I'm gonna go back and watch him do his, you know Graduation walk and just yeah, I've never been back there. So it'll be Fun just a few days. So congratulations. Yeah, congratulations to you and your son your family. That's a that's a fun thing very cool very very this weekend. Yeah, just kind of prepping for that and then I Didn't watch that game. I'm sure you watched that hockey game last night. I was pretty Pretty impressed of those guys going into I only made it to the triple overtime. I didn't make it to the last one Yeah, well, but seven seconds. So I did stay up and watch that game and I Said to myself, I will not stay up and watch another overtime I'm just good. It was two o'clock in the morning, you know, so I know for you as late enough for me He's not alone for you back there. It's pretty good. Yeah, but the thing was it was it was such a good game It was hard for me to it was hard for me to turn it off, you know But I was glad I was glad for the outcome Those guys have got to be just exhausted, you know, can you imagine and they play that you could tell? Yeah, you could tell but I mean that's pretty crazy. So you want to take a look at this. I mean still water I know you've been observing this or looking at this for a while. Tell me tell me what you're doing how I can best help you I Still don't have a position, but I have noted that I think today is bar nine on the daily my only Concerned and maybe you can take a look at this if you go You can probably do it on the weekly or the daily There's the potential for another a vehicle CD down and it would be from I think it's the January high of round 12 Yeah, and then it came down I want to say into March and then you know for the B point and then the C is only can May I believe I have a right in front of you. I'm sure you're talking about. Yeah, you're absolutely right about that If you look at the weekly chart, it just it stands out a little bit clearer So on a weekly basis that swing point Brent did and this is the swing point from September 19th 2022 did volume about just over just under just over 20 million shares and This week we are at 14 million. So you're gonna pass that B point with light volume But nonetheless the pattern is still out there and what Brent is really talking about some very large a to B equal CD To the downside the a point would start out here. Well, I'm gonna start with the March March high March 20 22 high out there just the bigger a to B equal CD pattern And then that's September of 2022 and then a retracement up into January of 2023 Now, I know Brett you're looking at another a to B which I'll draw in here So there's this larger one that is potentially in place But Brent is really kind of referring to if you take a look at the daily time frame It's where that C point is for this chart one the weekly time frame now I'll make that the a the B point would be down at the low from March to 6th And the been a C point would be the high from last week and that would give you a one-to-one price projection of 526 so I see exactly what you're taking a look at And your below profiles on the a daily and weekly and monthly so all of those give us reason to pause So no doubt about that Let me switch over to the white background charger just so we can try to pick up any kind of signals here And maybe what the better What the better plan might be so as Brent pointed out We do have a TD nine count bottom that is going to confirm today That is as long as price closes below which it looks like it will close below seven dollars and ninety-six cents Now the low of this pattern folks can form on the bar following bar number nine We can see that the low so far has already occurred on bar number eight So it's a qualified a TD nine count bottom pattern out there So the weekly shows us that price is stretched and the last time and when what we're really looking for here Brent Is we'd be looking for a bullish reversal candle now the nice thing about this week? It's a small-bodied candle, so it'd be very easy next week to generate a bullish reversal candle The last time that we had any kind of rally here. It was a roadsman to indicator bottom It was that one that rallied off of below of September 30th back in 2022 and it rallied for a couple of months out there So just your typical two two bar on a monthly basis, you know kind of knee-jerk reaction high out there But so what I would do is we have price on a monthly basis Brent at its breakout level 739 the daily with a bottom I'd wait for the weekly to generate that bottoming signal for us And then I'd say then it would make sense to move to the upside now. We're about to go to break here I spoke a little bit too long, so do me fair Just hold on through the break and then I want to be able to answer any other questions They have about this or discuss anything else that you'd like see roads with TFNM will be back with Brent in Martinez, California And congratulations to him and his son graduated from Harvard. He got to love it. 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 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's 60-minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today Visit the front page of TFNM comm TFNM 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 TFNM.com the opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up-down sequence gives you an edge in Identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox Every day first-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNM.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 TFNM all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNM.com a try mastering probability 30 days risk-free today TFNM educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 folks for chocolate bread in Martinez, California were take a look at the stock charts for ticker symbol SBSW out there and bread before we get back into the stock chart the folks inside the Tigris den one of the individuals inside the Tigris den wanted me to share with you They think that while you're over in the in the Boston area you should to check out Charlie's kitchen And they're also suggesting that you order the double cheeseburger special. You like cheeseburgers Of course, I do he does make it making me hungry here Which is not a good thing, but anyway, so back to the stock charts for so thank you, mr. Z for that for for that Recommendation and we'll have to see if Brenta takes you up on it But we're taking a look at the stock charts here for for Cybane SBSW Does that make sense what I kind of shared with you as far as how I would consider trading this? Yeah, wait wait General question is do you think the likelihood? I'm not there could be a short-term bottom, but do you think there's More potential for this thing to be going lower over time or that this could be some kind of a You know bottom that is forming it because I'm looking that this is a Something on the longer-term trade. I like to get into it because I think it's got stuff going on with the company itself right now They've got some issues, but over the long haul that it you know if I can find the right bottom of the thing It'd be worth doing, but I just sure this is quite it yet I think the way that I would answer that that question would be as follows if we did get the bullish reversal candle On a weekly basis to confirm erodesment to indicator bottom And it happens let's say next week Then you have everything that you need to certainly take a stab at it because the reason why it could be the bottom is Because on a monthly basis price form that TD9 count top erodesment to indicator top and has pulled all the way back to its breakout level at $7 and 39 cents now It hasn't hit it exactly it's been down to a low of 745 But that's close enough for us and if we got that bottoming signal on the weekly time frame that I would say fire away It's not as if in this case here where this has a so we have ten years worth of data And this is that seasonal data out here So it's not as if this thing is a rocket ship to the upside out here But with regard to the market signals out there if you did get that Confirmed bottom pattern on the weekly basis. I would take a stab at it Yeah, I've definitely listened to you on gold as well. So Okay, like we might be heading into a period, you know with that, you know, it's pulled back and maybe we're getting to Sound like, you know, probably more at the beginning of next week potentially that could be a bottom for that as well So absolutely. Absolutely. So I know I'll do my I'll do my best to cover gold during the show today for you All right, did you so much do you just have yourself a great day and a great weekend and you bet I'll be talking to you in the near future. You bet safe travels Congrats again, and we will look forward to speaking to you. That was Brent in Martinez, California Let's get to another request that came in this one from Rob wants to take a look at Archer ADM out here. So let me get the chart. Let me give me such Daniel midland, right? Let me get the charts up on our screen. There we go. So I think it was just simply Well, let me actually I came in by email. So let me actually read it It says can you take a look at ADM during the show in particular the profile levels in a seasonal trends if any, okay? So with regard to a profile levels in the case here of Archal archer Daniels midland It looks like it does have a completed by the d-point pattern and that formed yesterday with that bullish hammer candle So if we just draw it in let's just make sure so if I just simply go from the high out here for the a to b So a we'll take this right to there. We're just simply going to move this over to the high that forms after that low We're going to try to it's actually going to be on the same candle which is fine So you can see that this completed the one-to-one a to b equal CD to the downside. So your first question is They take a look at ADM during the show in particular profile level So the first level of resistance is going to be 73 82 and Rob That is the daily oscillator and change line if price can get above that then the next resistance level is the profile areas That's at 74 74 or 75 23 If this does rally if this is only a countertrend move then ADM will find resistance at 75 23 on a weekly time frame I don't have any kind of a bottom I do have a swing point being tested that did volume of 20 million shares you're testing with 11 million shares now What you really need to see is price closed back above 7398 at day's end to then have a test and rejection of a swing point on lighter volume and on a monthly base There's no pattern there. So it's really right now up to the daily time frame With regard to the weekly you're trading below profile 76 41 would be the bottom on a monthly 7850 would be the bottom of its profile But the daily is definitely going to make an attempt to try to form a bottom now seasonally What does ADM do don't know but let's see if we've got the data on it to find out so ADM well didn't print There we go try this ADM Grab the data here we go and we have a total of well 43 years worth of data So now here's the interesting thing Rob We just took a look so and over 83 years ADM Bottoms basically like right now right now yesterday tomorrow well it wouldn't be tomorrow and then it rallies So you should get a rally seasonally speaking up into about the year for end of the first week of June out here So yeah, this has got everything that you need to take a position I will share with you one other thing that we can take a look at is a 30-minute time frame And a 30-minute time frame here shows that roadsman to indicator bottom signal And we can see that price is going to make its way up in your bar number eight right now If I just update this chart here, we'll see we are in bar number eight And so this is going to form a short-term top or should form a short-term top because prices Forming that short-term TD 9 count top right at TD 9 count breakdown resistance 73 64 So I weighed on it. I see what that pullback looks like out there And And then take a stab at it now with regard to a pullback. Where would you take a stab at it? You can do a couple of different things one you could take a stab at it between 72 59 and 72 73 That's the most structured daily profile. Maybe you take a look if it does pull back You can get into the swing point the highest at 72 72 if you can do that with lighter than 118 million shares 118,000 shares on a 30-minute time frame that could be your signal out there But it does look good on the daily time frame the 30 just says a little caution right now So maybe you come back and take a look at either this afternoon or on a Monday But that's where take a look at with regard to ADM. So I hope that helps you out and thanks much for the request the next request coming in from S1 and the question was a BGZ. Will it get to 50 cents? So let's try to go find out what this might be doing now Let me because I've got probably a little bit of a delay. Let me see exactly where this is printing 62 cents. So the answer to that question S1 will be revealed to you next week And the reason is is yesterday was a TD 9 count bottom pattern today We'll complete the pattern remember on a TD 9 count that low can take place on the bar following Bar number nine. I don't know where this will trade to today But if it doesn't get below if it doesn't get to 50 cents You're gonna have a bottoming signal on a daily time frame inside a BGZ Now what you're gonna have on the weekly time frame is price pulling back and testing support support Was the oscillator and change line at 60 cents on a monthly basis prices pulling back and testing support It tests the resistance the top of the profile at 72 But also testing support it's oscillator and change line So will it get to 50 look the daily time frame right now is signaling to you that price wants to at least move up towards a 67 cent level it still may get down to 50 But 52 cents is its TD 9 count breakout level for the daily time frame Right now BGC is looking like it wants to make some type of bottom see roads with TFN. We'll be right back As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations the gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com TFNN has just launched their new trading room the Tiger's 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 Tigris's 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'Brien 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 Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tigers 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 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 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN.com Welcome back up folks. We've got the Dow trading off 70 107 points The S&P is now down eight NASDAQ's off 35 Russell's down eight semisop 27 trainees down 131 So now we've got a sea of red out there. You've got gold is up 18 bucks So I don't know what Powell said, but he did something out there and that has certainly moved the markets Just a tad out here. I'd say more than just a tad silver still down 23 cents Like we crude off 32 pennies natural gas up 6 and 30 Treasury now putting out a 127 20 that is down nine ticks out there Let's continue on with the questions here, and then we'll come back into the details So we'll let some of whatever it is that they're talking about Settle in on the market and this question is from a coda inside the Tigers down. Let's take like a ticker symbol SWN out here So SWN is trading right now just above it appears to be just above at 546 Just above the top of it's a TD 9 count to breakdown area So that would be a nice bullish outcome coda is a close today above 547 if you get that It would then suggest to you and I that price wants to make a run up to 602 Now that's coming off of the daily time frame chart out here On a weekly time frame chart price is taking on the resistance level established by its bearish structured profile area So it could get a bit choppy out here coda. That's between the range of 546 to 573 If this can clear 573 then we're taking a look at moving up to about 714 Now the last time price was up at the top of that profile was back on the week of February 27 There was 149 million shares traded this week you are at 118 So you're coming in a little bit light in the loafers out here Although on a daily basis does about 23 million shares, but it'll still be It'll still looks like it'll still be light coming in there, but not that light right So you do have accelerating ish type volume and on a monthly time frame prices held the monthly bullish structured profile area To suggest a run up to 587 So i'm going to sum it up like this you close above 547 Then you're headed higher. There's no daily topping signal 602 would be a next target 573 would be a next target in 587 So that would be the range out there coda. So hope that helps you out with southwestern energy Thanks much for taking the time to write in and have a fabulous weekend out there The next request was to take a look at lights weed crude So let's do that for john inside the tiger's den and uh, john lights weed crude. Let me get to it here Uh trading out at so we're playing the trade of the july contract. It's trading out right now at 71 27 It's off 64 pennies and what it's doing is testing the bottom of its a lot of monthly basis testing the bottom of its monthly profile So an area to watch is 69 36 on a weekly basis this uh will today If we get a bearish a bullish reversal candle today This will confirm a buy the d-point pattern But what price really would need to do to get any kind of traction is get above that red oscillant change like a 74 12 But the weekly has the potential for a buy the d-point pattern john on a daily time frame All that i know is that price was able to hold that td9 count breakout level 6704 you and i know that strong support But where strong resistance is turns out it's at the center of this profile at 73 56 And if we take a look at today's high today's high 73 58 So that is a real struggle for lights weed crude It's testing support the oscillator and change line So we're kind of in nowhere's land out here if i look at a 30 minute charge You can see price testing support at 71 52. That's his td9 count breakout So if you ask me do I have a real clear signal with regard to lights weed crude The answer would be no It's really a a pretty decent sideways consolidation when you take a look at the weekly chart Right, it just kind of simplifies that consolidation pattern if we open it up, which we'll do here Or i'm gonna try to do we don't try to do anything we either do it here or we don't do it All right, you can't try to do anything in life. You've got to either do it or don't do it All right enough of that let's take a look at so that's consolidation pattern that really sticks out It's a it's a it's a big one. I'd say it's Yeah It's probably something like this Is the consolidation pattern that we're in so you just got this big consolidation and I don't have a real clear Other than that, I don't have a really clear vision Through these uh chart patterns and signals out here as to what's going on But I watch day scan if you do get that bow ocean gulping in lights weed crude It is not anything to ignore so John, I wish I could have been more clear Provided you with more clarity, but this is what the charts are communicating to me And so that's just simply what we'll have to do is just move on to the next one Uh, let's go to uh, mr z in philly john. Thanks for calling. Thanks for holding. How are you today? Steve i'm doing very well and uh, I will also uh Extend my congratulations to brent and his family. They'll have a ball Be filled with pride to watch their son graduate. Uh, and I do have to uh reiterate Go have a double cheeseburger special at charlie's kitchen Now tell me okay, is I like I like cheeseburgers. I'm good with that. I like a bacon blue cheeseburger That's one of my favorites. So what is it that makes this cheeseburger? Or is it the institution? Is it just the environment or is it just if the burger's just simply that great? It is the combination of all of those mixed together. Okay. All right, perfect perfect All right, you're making me hungry. You're making me hungry So we will hear in the coming weeks whether brent did or not, but uh, Anyway, see i'm calling to ask you please If you would do your thing On adobe adbe I'm most interested in what the weekly and monthly charts are showing Are regarding your data Just for what it's worth I'm long this from last september down under 300 I bought it when it when the stock plunged and the stock plunged way back then on account of adobe, uh, uh offering to purchase a uh, uh, a small privately held company called sigma figma And they offered to pay just an exorbitant price and so, uh dilution retain earnings and value dilution Were the fears back then so the stock plunged i bought into that What i see now on the daily and weekly charts are higher lows I see on the daily chart the stock now coming back up from underneath Uh, retesting the 200 day exponential moving average and adobe may get the deal done They also may be uh, uh precluded from so doing by regulators I guess my guess would be if uh regulators prohibit the deal the stock dilution threat is gone And uh, if uh, if they do get to do the deal at the exorbitant price of billions Uh, the stock has already digested that threat. So, um, that's the fundamental case Could you share with me once again the weekly and monthly? details that That you look at that, uh, you would be focusing upon now watching this rally Absolutely, john. So, uh, that's really you see if simplified everything and the magic number is 386 and 386 is the top of the weekly profile Now, this is the uh, it had a prior weekly profile out there And there wasn't a substantial change between the two profiles and we could see that that was tested back April 7th as well as march the 31st out there prices above It's also done change line. So it should go target 386, but john just hold on through this break here We'll come back We'll take a look at the daily the weekly and the monthly charge for adobe Steve rose with tfnn. We'll be right 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 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 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 etf's 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 eight six six four seven six seven five two three 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 Welcome back folks We're looking at stock charts here for adobe the daily the weekly the monthly each have bottoming patterns a daily bottom to about Five six days ago with the roads meant to mitigate her bottom the same thing on the weekly But that was back in uh 2022 The resistance level john that you're looking at 386 on the weekly and 390 21 on the monthly time frame chart Which is the oscillator and change line a price can get above those Levels and you're likely headed to the upside of course You could set up a weekly a to b equal cd pattern if this can close above 402 49 and preferably with more than 15 million shares on a weekly basis Also be the the numbers that i'm looking at as you look at these charts here Is there anything else that sticks out to you or anything of concern or anything else that i can provide to you And my one response to your question speaker is Given the data you just displayed Uh, there's uh nothing that i would see that would tell me to exit the loan that i've got from last september One thing i'll just lastly share with you steve Uh, you might uh show this in the tiger's den when i sign off Uh, or even to your clients. Um, steve. I can't um, I can't help but thinking that uh While you and I do not commiserate and work together closely on our respective pools Yes, I can say that uh a lot of what we observe Uh tends to be very similar after we all go through our individual work and i'll state this I'm attracted to what I see on your adobe monthly charts Where I see The rally has come up and tested multiple times your oscillator unchanged line on that monthly Yeah, and parenthetically steve. I'll just say I spoke to you monday last where I called and asked you kind of similar questions About micron stock ticker symbol m u And i'm fascinated to see that when you shared your data on m u monday We observed that the monthly chart also in the case of m u Showed the uh m u monthly chart the rally had come up and tested multiple times your oscillator unchanged line and stopped Yes, so uh, I it's just fascinating that piece of data for adobe and micron on the monthly Are identical in that sense. I just uh, I can't help but think that's that is just Well, that's great and micron having a fabulous week out here and uh on that monthly chart folks That's a very right hand panel. You can see it is now trading above that green oscillator and change line And the importance of that is the a green oscillator and change line Tells us that the price oscillator, which is the difference between two things in my case It's a difference between the 39 and 19 period exponents moving average It tells us that when it's green that that price oscillator is above zero Those are bullish conditions and now when the price is above a green Osset and change line that tells us we have a rising price oscillator above zero So that is very bullish now You're about to uh run in and see just how strong the sellers are Because inside of micron john they are sitting at 69 dollars and 77 cents and that is the top of that monthly profile So um, so that's what you're looking at there. Is there anything else that I can help you with? Thanks so much steve you've taken care of it all you have a good weekend and I will look forward at some future time To having a meal with you at charlie's kitchen and Cambridge. You got it. I love it. Alrighty That'll have to be after I've lost all my weight. That was john in philly. Hey john Thanks for calling you have a great weekend. Let's go to our next request out here This is from coming inside the tiger's den but guppy wants to take a look at sting st Ng out there and that's what we've got up on our screens right now And the question is is this a bottom or is this a counter trend rally? This is scorpio tankers So how would we answer that question? Let's answer it this way Let's start with the longer time frame and work our way back on a longer time frame out here What I don't have is any kind of a topping pattern What we do have is price pulled back and attested and rejected the green osset and change line So I just went through a little bit of time on the green osset and change line It pulled back to a support area This is still bullish if we take a look at the weekly time frame chart This did confirm erodesment of indicator top and price pulled back and tested its bullish structure profile area That has held you're now above the center of the bullish structured area Typically when you close above the center of a bullish structure profile now, this would require two closes So that'd be next week too But just assume right now that it will do that Well, then price should make its way up to the top of the profile So staying on a monthly and a weekly basis is telling us it wants to make a move up towards a 56.03 level Now 54 79 is going to be some selling and quite frankly at 50 79 You're going to have some selling now What this is trying to do today is take out a swing point the swing point is from may 12 Then that swing point did volume of 1.9 million shares so far today. You're at 410,000 So a little light in the loafers out there doesn't matter, but everything here looks good The question is is this a bottom or a counter trend move right now? I don't have any signal at all to suggest this is a counter trend move Not a single one So it looks to me like this is a real rally But you'll get that real change in trend signal when price can clear those profile levels So really McGuppy it won't be answered until you get it closed about 50 79 right now on the daily time frame So hope that helps you out Thanks much for taking the time to write in let's go take a look at our next request out here This is coming from Hector and Hector wants to take a look at the qqq a to b equal cd pattern So let's go find those four now What Hector is looking at is the monthly time frame chart and Hector on a monthly basis If you're looking for a confirmed a to b equal cd. We don't have one The confirmed or the non confirmed quite frankly a to b equal cd pattern Is really drawn here on the weekly time frame this one you should be looking at So the a point is going to start all the way down at the low that came in in october of 2022 And then we have a nice rally makes a high in january of 2023 at 3 13 68 that became the b point Price retraces right into support the bottom of its profile It does that in march march 13th to be exact of 2023 you then passed the b point which was 3 13 68 now volume there was 332 million shares it was passed but with 272 we have not passed that swing point with volume does that matter No, not always it does not matter Um, and how did I determine that? Because I trade currencies And currencies we do these same patterns a to b equal cd you don't have volume out there So you'd like to have volume to give you some assurance of what buyers and sellers are doing But you do you need to have volume to confirm an a to b equal cd No, you don't you just need to pass the swing point and the monitor things from there So here you've got a move a confirm move up to 344 61 now I'm going to move back to the white background charts. We'll put up the the chart for the cues We'll do that in in a moment. Let me change windows. Let me get back there. Let me actually type it in That would be a good idea. I don't know if I typed it or not. So let's just type it in here now So I won't go searching what we're going to see here folks on the daily and the weekly I believe we'll see this on the daily and the weekly is what we're going to see on the daily Is yesterday was a confirmed td nine count top On the weekly today will complete a td nine count bottom So as long as the cues do not close over yesterday's high yesterday's high is 337 49 Then they will signal that we should expect and anticipate a pull back to at least the oscillator and change line That's at 331 Now here's the real kicker though We're going to get a completed td nine count pattern on a weekly time frame and assuming that the high of the week Which we just took a look at no, we didn't the actual high of the week is a little bit higher It's not taken out next week. And I want to be taken. I mean close above You'll have a td nine count top What should it do? It should pull back to its oscillator and change line. What's that number stevo? 315 76 So if you'd asked me in the cues, where is it likely to pull back to the number? 316 21 the td nine count breakout level for the qqq Steve roge with tf and n we'll be right back If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30 day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tf and n dot com tf and 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 tf and n dot 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 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 tf and n dot 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 tf and n dot 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 tf and n dot com educating investors Tf and n has launched the tiger's den hosted at discord Tf and n 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 tygruses 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 tf and n dot com Folks, oh jeez. I have the wrong contract up here son of a gun. What do I do that? Oh, and now I just oh man Nice nice job there steve. We just went dark not intentionally, but um shoot ng Oh here, that's fine. We're just gonna i'll give you the analysis so both kota and SNP want to take a look at natural gas. They've got the same patterns It's just I can't give you what the profile level is that price might pull back to on the daily on the center charger But what you're going to see is you've got a td9 count pattern that's going to complete today $2 and 66 cents. Actually, I've got another chart out here What's likely to happen is price is likely to pull back now The level you're looking at out there for both kota and snp would be $2 and 60 cents $2 and 60 cents is the top of the july profile out there So that's what I would expect price to do is pull back now when we take a look at the interday signals here We have no topping patterns at the moment So is this going to turn into a td9 count top or not the weekly says we have a change in trend This has not been above the top of a weekly profile. We're going to close above it for quite some time So natural gas appears to be giving us a change in trend, but I would expect to anticipate a retracement Maybe it's just a two-day retracement monday and tuesday of next week. So hope that helps you guys out Last question was really to take a look at the gdx here. Let me pull up and take a look at that and the gdx were really waiting for A oh that wasn't the gdx. So that's not we're waiting for let's try this one Here we go. So in the case of the gdx I don't have any kind of a bottom signal today is going to become bar number eight The more ideal pattern would be that we spike below yesterday's low on monday or tuesday And that low is 3148 and if we do that then what we could get is a gdx with a A td9 count bottom and then just uh with regard to brent asking about gold if we go take a look at gold Now put the daily and the weekly up here What we will see is we will see a td9 count that could form and in its case That's gold's case. It needs to spike below yesterday's low today is going to become bar number eight So that says by tuesday we need to spike below yesterday's low That low out there is 1954 40 if we spike below that we will get a td9 count bottom And that'll be the signal to take a long position in goldilocks folks. Stay tuned for a great programming Have a fabulous weekend. I'll see you back here on marvellous monday. Take care. Be safe out there