 The following is a presentation of T F N N. The Traders Edge with Steve Rhodes toll free at 1 877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes. Good afternoon folks. Welcome to the December the January 3rd. This is the fantastic Friday edition of today's Traders Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Well, proven 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 means we can find the good in everything out there. And that's important. We can find the good in every set of circumstances. Today, you and I are going to check out the circumstances of these markets. We're going to go figure out what the bulls and the bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but much more important than that during this next 60 minutes. I'm here to serve you. So feel free to give us a call. You can do that at 877-927-6648. If you can't call in, we've got you covered there too. Just send me an email, but do it early. Steve at tfnn.com. Please put in the subject that in radio show question, of course, in our Tiger's Den, while any ping will do. So let's go ahead and get this show started on fabulous, fantastic Friday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to less show right now. We've got all of the indices in the red out there, but nothing has been broken. Just yet. We'll go take a look at that. The Dow is off 160. What did Stevie mean by nothing has been broken? Well, support has not been broken. Now, that's key. We'll take a look at that. We'll talk about that. The S&P is down 12 bucks, about 4.10 percent to the downside. And the X-135 Russell is only down 4 bucks. A Semi's are off $20. That's a little over 1 percent there. The leader percentage wise to the downside. Spot volatility, X-134. I believe that is just below its 50-day exponential moving average out there. Gold's up 24 bucks, trading out of 1551 and change. Silver's up 10 cents, trading out at 1816. Lights recruit up about 47. 62.65 is the print out there. Natural gas has turned green. We'll certainly take a look at that. I know everybody's got interest here. Not everybody, but many have interested natural gas. I'll leave the charge dollar-wise the upside, not unusual on a day like today after a strike over in Iraq. You've got Northrop Grumman leading the charge of 5 percent, $17 in change, Lockheed Martin not far behind, 15 bucks and about 4 percent. Tesla's up 15 bucks, about 3.5 percent. Chipotle's up 10. A little over 1 percent. Lam, Weston holding up 12 percent to the downside. It's Amazon off $18, about 1 percent. Booking holdings down 13. Insight Corp off 8, nearly 10 percent. Broadcom down 5, about 1.5 percent. So let's begin by taking a look at the markets. What's going on out here? And we'll begin by looking at our Taz daily profiles. And what it is that we see right now, if you take a look at the very left-hand panel, that's the ES mini. And price is trading above the top of its profile, $32.41, $60. Can't trade to $60, but we'll just call it $32.41, $50, because you can't do that. And we're trading right now, or it's trading right now. I take that back. Yeah, no, it is trading at $32.44, $50. Above the top of the box, so it is above resistance out there. Folks, that is not bearish. Did you hear me? Those of you that are short, that is not bearish. If you take a look at the NASDAQ, talk about being on fire out here, just barely got below the top of its daily profile, quickly rejected that, and it is back off to the races, the Dow. It has a bearish structured profile out there. That is panel number three. You should be able to see that the top is closer to the center, or the center is closer to the top than the center being closer to the bottom. There are sellers clearly at $28.625, buyers clearly at $28.292, and there's both buyers and sellers at $28.530. So when you have that bearish structured box, because the center where there's both buyers and sellers, so sellers, and then sellers close to $28.625, there's a group of people that if this market were bearish, they would be able to push price down. They have not done that. Now, I don't know what the end of the day reading is going to be, but I can tell you at 111 in the afternoon, these markets are not bearish. Be very, very, did I say very? I mean very careful out there if that's the side that you are on. Now, somebody wrote in, they said Stevo. Why did they actually said Steve? They didn't say Stevo. But you can say Stevo. You can say Stevorino. You can say Stevie. It doesn't matter. You can call me anything. But the question was, why do you key in on these TAS market profiles so much? Look, I think the most important thing that you and I can do is understand where support and resistance is. We need to be able to understand the difference between a pullback into support, which is a buying opportunity, versus closing below support, which could then signal to you a change in trend. And these TAS market profiles are just one tool that you and I can use to identify levels of support or resistance. Let me give you a good example out here. I mentioned, hey, if you're short, you're not getting any short signals here as we speak right now. Let's go back. Now, what I have on my chart right now, this is a weekly time frame chart for the EES mini. And all I'm going to show right now are these green lines are weekly. So these are weekly TAS market profiles. I'm not showing the center of the box because for this purpose here, I just want to be able to show you where support and resistance is. And this takes us back into the 2007 top. Now, when you see the market close below the bottom of a box out here, in this case the weekly area, it's signaling to you and I that we've got a change in trend, especially if you've got two weeks below that area. Likewise, if you close above the top of the weekly profile, it's telling you that you are in all out breakout mode out here. Take a look at the 2000 coming back to the high, the high that formed out here in 2007 was during the week of October, October 8th. That was the beginning of the week, 2007. That's where we made the high. You can see prior to that here, just simply going back in the 2006 time frame, any, the EES mini was finding support at the bottom of its weekly profile. The first time that we saw a break of a weekly profile in 2007 was the end of the year, December 31st. December 31st, that was the, that began that weekly candle out there. You saw clear close below the bottom of that profile out here. What I want you to also notice is that remember at the top of those profiles is where sellers are at. So any countertrend rally in a move is going to find resistance there. So you're seeing this 2007, you can see that there was a nice countertrend rally back in August of 2008, but all price was doing was consolidating trading and trading in the resistance which held out there. So without these lines on our chart, we have no idea, no clear idea where buyers and sellers are. Yes, sure. We can use bullish and bearish reversal candles out there and that helps us to identify areas of support or resistance, but they don't work anywhere near as good as this. Where they do work well is being able to help us confirm tops and bottoms of a pattern out there. But here just simply understanding these market profiles, where support and resistance is at. In fact, if you take a look just at the weekly profiles out here for the EES mini, the first time in the indication of a that the bear market was over was the week of May 4th, 2009. Close above the top of the weekly box. Following week was a second close above the top of that weekly profile. Hey, where are we now as we go into the breakout here? See if we can get over there. Can we do it quickly? We're so far above the top of the market profile on a weekly basis. 2953. It had to close below 28 67 or change the trend. If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted. The best way to use the Taz profile scanner to profit this webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30 day money back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFN.com today and you'll find the Taz profile scanner under the services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about The Tiger's Dead. The Tiger's Dead is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Dead absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Dead are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Welcome back, folks. Let's go out to Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you today? I'm doing great, Steve. Thank you for taking the call. My pleasure. My pleasure. So Slack Technologies, Tiger Symbol, W-O-R-K. I've heard a lot about this. A couple of my friends use this in their businesses out here and this is an IPO that takes us back into the middle of last year. Clearly not a lot of happy stockholders inside of this equity. This was trading up at about 42 bucks, trading at 2270 as we speak. Brent, how can I help you? What are you looking at here? I was considering potentially taking a long position just on the weakness today but I want to get your take on it and see what your thoughts were. Sure. Okay, so it's nice and timely that question because we spent the last segment just taking a look at the task market profiles and identifying support and resistance and helping us to see if there's a change in trend. So what we do know is this instrument here has been just simply, it's been selling off ever since this went public. And right now what it did yesterday was price did close just above the top of its daily profile. I like to see two closes there. That's 2286 by the way. Right now though trading at 2269. So we don't have a confirmed, we'll call it a breakout or a change in trend signal on the daily timeframe. You'll notice here folks if you're looking at my charts, the weekly and the monthly do not have any market profile information. There's just not enough data because of when this thing had an IPO. So I would be more comfortable saying that yeah this thing has broken out if in fact price would close above 2286 again today. That would say okay, if not, then maybe this will just as simply consolidating with inside that daily profile print. It's a bullish structured box and the buy areas there would be 2116 to 2141. But if it does close above 2286 and I'd say okay, this thing looks like it's bottom from a profile perspective, you know what's going on on the other charts out there. So as I pull over my other, my white background chart, what we can see is that when this was moving lower, this did create a Rhodes momentum indicator bottom pattern and signal and that was on November 13th. Now it hasn't done a lot since then, but that bottom hasn't been seen. So now we've got a secondary reason to say okay, slack may have a bottom ticker symbol folks, W-O-R-K. But today is going to be bar number nine of a TD set up nine count and back below that support. So this would say to me that a better buy on work would be round 2185, that's the oscillator unchanged line. So between 2116 and 2185 on a pullback, but the daily timeframe shows a definite bottom signal and something worth focusing on. The weekly timeframe chart granted we don't have market profile information, but what we do have is we also have a weekly Rhodes momentum indicator signal. Now, unfortunately, there's still not enough data here to create an oscillator and change line level out here, but the weekly and the daily Brent say you're in the right area. The question is when's the right time? Does that help? Oh, it does very much so Steve. I think just be in a little more patient. It's going to be beneficial unless it were to close above that level that you stated. So I think I'm just going to give it a little time and see if I can't pull back a bit more to that other support level. Yeah, but what's nice about this is you have, you've got everything you wanted, which was bottom signals on the daily and then on the weekly. And now it's a matter of us just figuring out, hey, where's the war, so to speak, right? Where are sellers, where are buyers? And since this is sitting right up in the seller area and a TD set up nine count, I think patience is an order between 2116 and 2185 is where I'd be looking to begin a position here. All right. Thank you very much, Steve. You have a great day. You bet. I'm sure I'll talk to you soon. You take care. Sounds great. Thanks so much for calling Brent in Martinez, California. Now, before we, in that first segment as we were in, we're taking a look at market profiles and from the market profile date out here, we're saying, hey, look, be careful being short because there's been no change in trend out here. That doesn't mean that the high of last night was not the high. It may have been. I mean, if we take a look at the ES, the NQ and the Dow, just going back to that, you will see that today's bar has exceeded the high of yesterday's bar for each of those three contracts. You'll also see that today's bar has exceeded the low of yesterday for those three contracts. So that as long as these, as long as price trades one tick in the direction to the downside, that means below the open from last night at six o'clock, then that would generate a key reversal session. Now, it could be generated. It would be generated a key reversal session. And what is potentially the completion of a pattern? What pattern? Well, you've got several. One, you've got the erodesment of indicator signal. That, in effect, went into place last night. You've got the A to B equal CD pattern out here, the one to 1.618. This currently inside the SMA does show a dark cloud cover candidate out here. So I can understand the wanting to pull the trigger out there, but without a confirmation, without price trading below support right now, it's very risky to, in my opinion, to take that position just yet. And I'm the one that's suggesting out there that we're going to see a bear market in 2020. Okay. But just like what Brent and I are trying to do is to try to time this thing as best as we can. If we take a look at the NQ, no bearish reversal candle, price trade above Stevie's green line, it is a key reversal session, at least at this stage of the game, and it has a TD nine count. So this has got the A to B equal CD. It's got erodesment of indicator signal. It's got a TD nine count, the NQ that is. And so this is saying, hey, be careful, but we need to see some other levels of support. We need to see levels of support, not other levels, just levels of support broken for good. And I'm not talking intraday. We're talking about the body of the candle, which is truly the essence of price, not the screaming Mimi emotional wicks of the candles out there, but the actual body of the candle. If we take a look at the Dow out here, again, an A to B equal CD pattern, that's the only pattern that is in play here to help us identify the top. But if there was a top, if there really are sellers that are in control, then we should see some other things. Well, what are those other things? Excellent question. Well, a couple of those other things would be we should see price trading below Apigee. That is the lunar pivot point that forms twice a month out here. There's Apigee and there's Paragee. And price is above Apigee for the ES, the NQ and the Dow. That's a warning shot across your ball. If we take a look at the advanced decline oscillator of the New York Stock Exchange, it is still above zero, above zero, above zero. And if you take a look at the bottom panel, which will show you the spot volatility index, it'll show you that it's trading below its 50 day exponential moving average. 1363 is the 50 day. It's trading at 1335 as we speak. These two indicators are saying Stevo bullish, bullish, bullish. Yes, that is the message. Now, we could take a look at other market breath data out there. For example, we can go take a look at the S&P 500. Here's the X100. Take a look at the daily time frame. Daily time frame still has a bullish crossover. There are 46 constituents trading above the top of the daily profile. 13 below the bottom. Who's got the edge here? Fires or sellers? Bulls or bears? That ain't no bull. Be right back. Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter, the path of lease resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently. And if you'd like to see the type of newsletter he delivers every morning, then visit the front page of tfnn and you'll find the path of lease resistance under trading newsletters for all the details and to start your 30 day free trial today log on to tfnn.com now tfnn is excited about our new software charting program, the art of timing the trade charts in collaboration with Tom O'Brien and using his best selling book, the art of timing the trade, your ultimate trading mastery system. David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleys, ABCs, butterflies, and much more. The art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting tfnn.com. Welcome back, folks. That was up $1.66. S&P 13, Nasdaq $140.40. Let's go to a couple of questions that have come in. The first one coming in from Sylvia. Sylvia wants to take a look at ticker symbol LVGO. LVGO is Livongo Health out there. And you're looking to take a long position. So this is great. You know, everything happens for us, not to us, right? So we spent a little bit of time really taking a look at the task market profiles, the reason why we use them, and how they can help us make decisions about, in this case here, for Sylvia. Should Sylvia take a long position inside of Livongo Health right now and take a look at the daily timeframe? Let me just simply expand the chart because there's no weekly or monthly profiles because this too is an IPO. Let's just simply expand this out so that you can clearly see today's daily market profiles. Now, here's the one thing we know that it formed yesterday, January 2nd. What else do we know? We know that when it formed, price, this formed above price. So it formed above price. That says that's a bearish tone when that occurs out here. We know that's a bullish structured box, bottom of which is $2550, center's $2588, top is $27. Now, any little countertrend rally should find resistance at $2588, can bust through the bottom of that daily profile, but right now, price is trading below the bottom of that profile. And what that suggests to me, Sylvia, is now is not the right time to step into a long trade here. It was nice when this started moving up and price started breaking the top of those daily profiles without busting through the bottom, but now you're able to see, in essence, the change of trend confirmed really on December the 13th out there. So now is not the time to take a long trade. This is also trading below Stevie's green line out here, where LVGL broke out, and I can't guarantee that it'll get down there. But if I'm you and I want to take a long position in this, the breakout level would be $1850. That, as we speak right now, that would be the place that I would be looking to enter ticker symbol LVGO. And it would all be based upon volume. You mentioned volume in your email. So as long as volume is lightening up as it's pulling back into that area, then you are in pretty good shape. So thanks so much for writing in. Looks like we've got a caller on the line, Rich in Oregon. Rich, thanks for calling. Thanks for holding. How are you today? Good. Thanks for taking my call and happy new year. Thank you. Back at you for sure. And we're going to take a look at, is it free port Mac Moran that you wanted to look at? That's correct. I've been watching it. I'm seeing a pullback today. I'm wondering if this is a possible entry point here or not? Well, so let's just first use the daily timeframe in our profiles out here. So what I've got up on Tiger TV right now is the daily timeframe for free port Mac Moran. Folks ticker symbol there is FCX. So it is pulling back into a bullish structured profile. And this could be, so because it's a bullish structured profile, Rich, it would either be the price point of 1264 or 1282, where you would be looking to take a long position. So it's trading just at 1284, 1282 is the center line of that box. So if you wanted to begin a position out here now, I'm going to go look at some other charts to see if there's some other concern. But just simply from pulling back to support, it's there right now, and it could be between 1264 and that 1282 level. That's what the daily timeframe shows us. Let's just take a peek in on the weekly and the monthly. Weekly is not providing us with any help because price is above the top of the weekly profile. And the monthly price is right at about the center of its monthly box, which was 1301. Again, you're at 1283 out here. The top of that box would be your target. So 1472. So that would be your reward risk that you, calculation that you would want to do. And this has a 31 cent average true range over the last 10 trading days. So your stop would need to be 31 cents times some factor. I like to use 1.618, which is a Fibonacci expense, but you can use anything that you want out there. Just make sure it's outside of the average daily true range. Now, when I pull over my other charts, Rich, let's just see the white background and chart. What you've got is you do have a road momentum indicator signal, topping signal today. Because of that gap to the downside, that's your bearish reversal candle out here. And so that would say to me, I'd be more inclined to be looking at the 1264 level. But if price breaks through 1264, so you could put that trade on at around 1264, or you can wait to see, does price test and reject that level. But if you see it close below 1264, this is telling us that it wants to run lower. Now run lower to where? Shoot, it could pull all the way back to 947 and actually have nothing wrong with it because that's where price most recently broke out on this instrument. I want to pull over the weekly timeframe chart and see what other information you and I can gleam from it. And one of the things on a weekly timeframe chart, I already see the solid green line out here. That solid green line at 1347, that is a significant resistance level. That is where price broke down on a weekly basis using the TD set up nine count. What we can see on a weekly basis, this has also formed a TD set up nine count to the upside out here. And on a weekly basis, we can see that Stevie's green line or red line did in fact change colors a few weeks ago. And that tells us of an impending hook up between price and that green line to test each other, which right now that's at 1153. So now Rich, the more that we look at this, the more that at least I look at this, and so I'm just narrating what the charts are telling me. You tell me what the charts just told you. I was kind of surprised at the pullback. Surprised at the pullback? Because I was surprised at the yes, I was. But if you know where resistance is at and where this had broken down, which was 1347, would that then surprise you that price would turn down from an area where it had broken down before? It shouldn't. So having this TD set up nine count, understanding where resistance is at, and that's a resistance level. Are you saying that because of the incident in Iraq last night? Well, just from what I've been reading about primarily the copper market being picking up and showing some actual buying in the copper market. And I thought the report would be a beneficiary and therefore it would be declining due to the copper market. So let's take a look at the copper market. Let's just go take a look at a daily timeframe chart. And here what we can see in the daily timeframe is what copper has done. It's completed a Gartley cell pattern. So a Gartley cell pattern, you're going to have an A to B equal CD. So let me just kind of draw one in here for you right now so that we can take a look at. So it's completed the A to B equal CD. Now I say completed. How does Stevie know that this completed a one to one A to B equal CD? Well, it's really simple. We wait for the market to tell us. And the way that it tells us at the end of a pattern, it generates a bearish reversal candle on something that is completed at top. And then what we've seen here with regard to high grade copper, the March contract, is what Price has done today, is it's pulled back in his tested support, which is $2.77. So this has a topping pattern out here. And this would suggest that copper could easily pull back to $263. So your analogy about, hey, copper and FCX, copper gave you a cell signal one, two, three, four days ago, five days ago. So to the extent that you want to invest in FCX because of copper moving, copper's got a confirmed cell pattern out here. It hasn't broken three support. Maybe it holds $276. But Rich, if it closed below $276 in the March contract, copper likely headed to $263. And FCX probably headed lower too. Thank you. Thank you. You bet. Thanks so much for calling in. Rich and Oregon, that was FreePort, Mack Moran, and a bonus, Dr. Copper. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer, $6,200 or $14,000 of interest on your investment? If you'd like more information about the Tiger First mortgage program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the newsletters page of TFNN.com, what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable, and a must-have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. From all aspects of the markets, including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com, educating investors. Directions Daily S&P Biotech three times, bull and bear ETFs. Visit DirectionInvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at 866-4767523. 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. 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 for the latest market information. The money at S&P down 19, a little bit of a leg to the downside out there to be expected. What did you say, Stevo? Just take a look at this 30-minute timeframe chart just so we can take a look at how these chart patterns work. Remember, one of the things we talk about is taking a look at Stevie's green line, red line out there, right? That's an oscillator on change line. When it changes color, we took a look at that with regard to some other instrument in the past half hour out here. But when that changes from red to green, it tells us of an impending meetup between price and that line. And it is that test, which is ongoing right now. It's 143. This is a 30-minute timeframe chart. What I can't tell you is where price is going to end up at the end of this 30 minutes. I wish I could tell you that. Here's what I can tell you as of 143. First of all, what we know, let me just get my crosshair out here, that changed color on this bar right here, which was at one o'clock, just as we were coming on the air. So we had that change of color. It was either 12, 30 or one o'clock between that timeframe out there. It tells us that price and that line are going to catch up to each other. Because that line is green, it tells us that the price oscillator for the 30-minute timeframe is above zero. That is bullish. The test, the bullish test, is you pull back, you test it, you bounce off of it, and then it says you're going to go ahead and move higher out there. Now I say that because somebody took a position in one of the spot volatility index dynamite ETFs that are out there. And so be careful. Be careful because now it's really not the NQ that you would trade that off of, right? It'd be the ES mini. So we need to go take a look at the ES mini for you again on this short-term timeframe out here. Because if you're in that position, what you really want to see and what you do want to see is you want to see price close below Stevie's green line, preferably you'd like to see it be red. It is red here right now. So even though the price oscillator is below zero, unlike the NQ, you've just really also had a retest of the old breakdown level at $32.36 and a quarter, which price has rejected that. So I'd be careful. This is communicating to you. You want to be short the spot volatility index. Maybe you were in the trade, I don't know. I wasn't paying attention to it. And I have a very small window with regard to what goes on in the Tiger Den when I'm doing the show because I've got all these screens and so forth. But I just really want to share with you that if you were thinking the volatility index was headed higher right now, this is suggesting and not so fast. Because really the NQ is the one we saw that test on that 30-minute chart. Really the same thing I'd imagine inside the Russell 2000 and the Dow. But just let's do this. Look, I want to do the show here to assist you in being able to identify with the markets are communicating to us. My charts are high. I got a hope that they're showing in the den. I hope I've not been doing an entire show out here and nobody has seen these charts, but at least they're on Tiger TV. But here you can see the same thing inside the Dow Equity Futures contract. Just really testing 28, the 606. That's a Stevie's red line number right now. Let's just finish this off and take a look at the Russell 2000. See if no charts on your end. Wow. Come on guys in the production room. Let's get the charts up there. What a bummer, really. At least they're archived on Tiger TV. I know you don't want any MTV. Well, now you've just got to trust me. I wish if you take a look at the Russell 2000. Yeah, thanks Bode. If you could see my chart, what you would be seeing out here is that all price did was come back and test that oscillator on change line. So be careful out there. Let me just show you the the NQ again, just simply so that you can see it out here and understand, you know, how how Stevie is at least reading the message of the markets. Now you got to wait for the close, right? It's 146. This candle closes at two o'clock, but you can see how this red line turned green again at about the one o'clock time frame. And now you're getting that test. The bullish test is that price will close above 8821 coming into the 2pm time frame out there, and that would suggest that we should see higher price inside of the NQ. So hopefully that helps you out. I know there's a couple other questions that have come in, so let me get to those. I think they're both the same thing. There's more than two questions. Two folks, Justin and Lee, want to take a look at the gold. So just simply the same question basically was, you know, what are my thoughts on Goldilocks? They're this. I think I have been saying this for for a little bit over the last several days or a week out here, and that is that what Gold is trying to do is just simply target its weekly horizontal trading range boundary line. That's 1561 out there. So we got 1561 on and if price is able to close about 1561, then you could have a breakout to 1628. But right now, all price is doing, it's moving up towards a key level of resistance, that level of resistance as held. And if it's not able to break through that, what we will see is price pullback into the 1493 area. If price close below 1493, the next move would be 1426, and below that would be 1359. I believe when all is said and done at a minimum, when gold does give the kibosh to folks out there, we'll see that pullback in that 1359 to 1292 to 1240 something area out there. But right now with regard to Goldilocks, 1561 is the key level that this would need to break out above. If I look at the daily timeframe chart out here, no signs of any kind of a top. Wave number six out of seven today being F, that would be number six, a bar number six, two sixes. Well, maybe that's the double, you need a third six though, don't you? But bar six of a TD set up nine console daily is not showing us any kind of a topping pattern out here. But 1561 is going to be your key level to be watching. If I take a look at silver, if this is still correct out here, I believe that it is, you're going to see silver with a bearish candle right now. I don't know what it will be at the end of the day, but it's showing a shooting star right up at resistance, resistance being the top of its box. We can see that its line turned from red to green. This suggests that price and that line will catch up to each other right now. That's about 1760 out there. So that's what's going on when I take a look at the precious metals, when we take a look at gold and silver. I see a question inside the Tiger's Den to take a look at CenturyLink ticker symbol CTL. So let's go look at it CTL, see where it's trading. Oh, below the daily, below the weekly. And the monthly profiles would suggest this set it back to $12.01 to $10.83. That's what that shows us right now. Trading at $12.54. If I pull over my other charts to help us understand what the market is communicating or at least CenturyLink, boy, it's got a Rosamund to Mindicator top. And now today what you're seeing out here, Jimmy, if price closed below $12.64, that's its breakout area. That's where price should pull back to and hold. And if it doesn't, what it's communicating, the CenturyLink wants to move lower. So it had the nice topping pattern out there. Ideal. And if you take a look at what it's communicating to you now, it's saying, Jimmy, give me a call when I get to 1142, 1142 for CenturyLink. That's what it looks like. That's what it looks like right now. Steve Rhodes with TFNM will be right. Since 1984, Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy and calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNM.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter, the opening call today by visiting TFNM.com. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over, gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee, so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting TFNM.com. We take it every morning. Primal Edge, formulated and approved by Nico & Page of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFNM.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNM. We've got a question here coming in from Hector and Hector. Hey, happy new year to you and to Patty as well. Thanks for writing in. But Hector's asking the question, is Snap getting ready to pop? He didn't ask about crackle. Snap, crackle and pop, right? But if we take a look at it, here's what we know about Snap. It's trading above the top of the daily and the weekly profile, but would have resistance here at 1836. So is it getting ready to pop? Let's go take a look what's going on on my other charts out here in the daily timeframe. Hector, this is a concern. 1710 is the number. That is where Snap broke down on its daily chart. It looks like that is basically about the high of the day. If Snap is going to pop in a change in trend, this would be something other than a countertrend rally. We've got to go look at the weekly monthly chart to understand if that's really what's going on here. But this is where it would end, 1710. If you see a close above 1710 for two trading sessions, it's telling you that the trend has changed on this because price will have been able to take out a key level of resistance. 1710 is the number. You're trading at 1684 as we speak right now, and the actual high of today is 1710. So how does that work out? 1710 was a number that was created on October 9th. October 9th. Today is January 3rd. It's a line that's out there. How important is it to understand where support and resistance is? Yes, we have a couple of different tools that help us to understand that. Breakout support, breakdown resistance, TAS market profiles. We need to know them out there. If we take a look at the weekly timeframe chart out here, we're going to see that Snap has a confirmed roadmap to mitigate our top. And from a weekly standpoint, this is going to be the week after bar number nine. This suggests that if this is just a countertrend rally, it stopped at that level, that 1710 area. So I wouldn't be jumping on the Snap bandwagon. Now, if price closes over that 1710 area, different story. But right now we've got to go with the story that's been told to us by the charts. If we look at the monthly timeframe chart out here, I don't really have much. Folks, thanks so much for being here. And let's all make sure we have the best 2020 that we can. So thank you to all the wing men, wing women that are there that have my back. Have a fantastic weekend and we'll see you Monday at one o'clock. Take care.