 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 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the June 4th, the terrific Tuesday edition of today's Trader's 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. Hope everyone out there is having a great day. Okay, let's make sure we have an extraordinary one. Of course, the easiest way to do that, 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, it means we can find the gift in every set of circumstances that life is going to toss at us. Today, you and I, we're going to go check on the circumstance 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 think that's one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but more importantly, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, we've got you covered. Let those fingers do the walking. Go ahead, send me an email, steve at TFNN.com inside the subject heading. Please put radio show question. Of course, our tiger is dead. What do you think we'll do? So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, financial news network. I'm Steve Rhodes. Welcome to less show right now. The Dow up 443 points, about one and three quarters percent. S&P up similarly, 48 points. NASDAQ up over 2%, 2.3%, 161 points. Russell up nearly 2%, up 27 points. Semis up 3%, plus 42 points. The upside mean and green across the board. Spot follow tilt index off $1.53 down 8%. Trade down at 1734. Gold is flat, silver flat. Lights we'd crude basically flat up 19 pennies. Lead the charge dollar wise to the upside booking holdings 90 bucks. Amazon 32, the trade desk 17. Google 15, Netflix 15, Chipotle 13. To the downside Mercado Libre. About 600,000 shares down about 19 points. That's a little over 3%. Equinix off 11 bucks or a little over 2%. So we have things to look at. Of course, I want to look at what you want to look at. So the first question that came in. This came in from LCG very early this morning. Else must be I don't know where a non sleeper or most likely California or Australia or somewhere over Asia or something like that. But the question was very simple. Says the VIX is over 18 now. Where is it going from here? So I'll give you my, I'll give you, I will take a look at the spot volatility index and some things that you should look for. First, first thing that I want to point out to you is watch today's close of the spot volatility index. Right now it's 1733. It's down by minus 8%. If you see the spot volatility index have a one day rate of change of minus 10% or below. That's typically an initiation move that if you were to take a look at the S&P 500 and I'll pull up that chart. Well, let me just pull up that chart as opposed to just talking to you and you're looking at me out here. That doesn't really help you. Does it this chart here? Maybe it helps. Maybe it doesn't this chart right here. It would get a green arrow if we were to get a one day rate of change below minus 10%. Now when you come off of a bottom like this and Jose asked, do I see a bottom? Yeah, we were talking about the bottom yesterday, Jose and this is just confirmation of that. So there should be no question in anyone's mind whether or not we have a bottom out here but many people probably have that question. We'll go through that. But one of the things here else that you would want to or else that you would want to take a look at if you do get that one day rate of change of minus 10% or lower, that's an initiation signal inside the S&P 500. That says the S&P 500 should move higher out there or will move higher out there and therefore the spot volatility index should continue to pull back. Now let's take a look at the spot volatility index and you're exactly, it was 18 bucks right now. It's at 1737. Well, take a look at this chart right here. This chart you're looking at the actual top half of the screen. The bottom is the S&P 500. If we take a look at the top half of the screen you're going to see a blue line. That's the 50 day exponential moving average. That's 1590. So your question is where is it going from here? Well, if we get that one day rate of change of minus 10%, it's going to the 50 day exponential moving average line, 1590. Even if we don't, we're probably going to the 50 day exponential moving average range 1590. But if you do get it, then the emphasis is on the, we're going there. In fact, what I would say is we're not just going there. We're going down to 1271 or lower. That's that little red line. That is a Bollinger band. I only use Bollinger bands on the spot volatility index for the most part, really for the only part as far as the toolbox is concerned. And that's a 50 to one reading versus the normal default out there. And so that's where I believe, but you got to take things one step at a time, one day at a time. So you know what to look for and what to look for is the one day rate of change first. If you get that below minus 10%, you got initiation move. And that feeds right into Jose's question with regard to a, do we see a bottom? I see a bottom. Do you see a bottom? I see an absolute bottom in here. If we go take a look at the S&P 500, let's do this out here. Let's go take a look at the S&P and take a look at what we know out here. And we'll take a look at the actual daily chart, the S&P cash versus the equity futures contract. We can come back to that. But here's the S&P 500. What do we know about it? Well, we know yesterday was day number eight of the TD set up nine count. I don't know that we're going to get the TD set up nine count out here because if we get a close above 2790 and we're trading at 2791, then that count will go away. That doesn't really matter to me because what the S&P did was it created a Gartley buy pattern. Here's what that looks like. Let's see if the tools are working appropriately at this time of the day out here. Let's see if they are. I'm not going to hit the points exactly, but you'll at least get to see the pattern so to speak. And in a Gartley pattern, you've got an A to B equal CD. Well, we had that take place inside of... We had that take place yesterday, the one to one A to B equal CD. Well, you can see that you have going right now. There's your Gartley. It's less than a .382 retracement or really right around there. That's a very powerful Gartley buy pattern out here. Now, the reason that we know that it's a Gartley pattern, well, the reason that I know that it's a Gartley pattern is because what we have is a bullish reversal candle. Now, it's a three candlestick pattern that has occurred inside the S&P 500. It's referred to as the Three River Morningstar out here. You also had today's gap up above yesterday's open. Giving us this bull separating line. So you've got two very... Did I say very? I meant very powerful bullish reversal signals, which really have meaning that the completion of a pattern or patterns out there. And we certainly had a couple of them yesterday. Now, look inside the S&P 500. Jose, anybody else out there, you'll watch what happens at the 2804 level. That's Stevie's red line. That's just the normal spot for the S&P to move to. But the other indices are saying, hey, Stevo, not so fast. We're prepared to go higher. Much, much, much, much higher. We'll be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. 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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. Back up, folks. So, let's see. We've got another question coming in from Nick in Denmark. Nick writes in and says, can we take a look at the Dow in the daily and the 60-minute timeframe and just tell Nick what it is that we see? So, Nick, let's take a look at the Dow cash-in to see. Then let's go switch over to the 60-minute futures contract to give you that information versus looking at the 60-minute chart for the Dow. I feel about unequal bars, so to speak. But here's the cash-in to see. So, here's what we know. Here's what we've seen so far. So, we've seen the rally stall right at Stevie's red line. That's the oscillator and change line. That price point right now is $25,269. You can see we had several patterns out here. Actually, we didn't get a full completion of the A to B equal CD to the downside, but that's okay. We don't really care about it. You don't care about it. I don't care about it. What we have is the bullish reversal candle today. That cements the road momentum indicator bottom signal. Now, for those of you that are longtime listeners, you've seen me go back in the Dow. We did this, I believe, last week because we were anticipating that a bottom was forming. We went back, we took a look at all the road momentum indicator bottom patterns out there. Even though it showed ones at the top, we were just looking at the bottom patterns and you saw how well they work. Let me restate that. Just simply, you saw with your own eyes, not me giving you some line of whatever it is, you saw how well they work. Well, you've got another one. Now, what you want to see here, Nick, what I want to see, because I'm long, what I want to see is I want to see price close over $25,269. Does it have to do that today? No. Would I love for it to do it today? Absolutely. Absolutely. Because then I would have that confidence that now we've got a rising price oscillator above zero. So that's the number to be watching in there. You get a close above that. We're headed higher. Of course, I already said we're headed higher, but we'll take a look at some of those levels to watch out there. So that's what I see when I take a look at the daily chart for the Dow. You too, and now you know what to look for. With regard to the 60-minute timeframe chart, let's go pull up the Dow Equity Futures contract. Let's pull this over, see what its message is and so as we take a look at this. So Nick, the first thing that sticks out in my mind, well, there's a couple of things. When this bottom Dow here, this bottom with the same indicator, that rose momentum indicator bottom, it did it on the 60-minute timeframe. We actually had two of those bottoms here form yesterday and now what we can also see on the hourly chart, the red line, Stevie's red line turned green and it did it right here. This is very bullish. This is at three o'clock this morning. It's Uber bullish, speaking of Uber. And what do you mean? You know, when this red line starts turning colors, turns from red to green or green to red out there, it tells us the price oscillator, which is the difference between the 19 to 39 day exponential moving average of price, tells us that that price oscillator is at zero. Why is that important? It's very important, especially if you have a rising price oscillator above zero. Now in this case here, we know that when the red line turns green, that price is going to meet at that line. But when it happens all at the same time, it is like that PXG driver commercial. Kaboom, baby! Yeah, that's in essence what we saw thus far. And so that is the bullish test. So you've got a bullish test on a 60-minute timeframe. Now let's go do the wave count to the upside, see where we're at right here. That's only wave number two. So it looks to me like the 60-minute chart. You're above profiles. It looks good. We're seeing a bit of a pullback here. Hey, maybe it pulls back to 25-113, catches up with the green line once again, but you got that nice signal. With this chart, the 60-minute timeframe says to me, is it says that price is headed back here. That's in the 25-702 level. That's another 500 points. I'm not saying that it ends there. It's just the 60-minute timeframe chart is saying to me that price is continuing to run higher and that becomes the next level, its next target level out here. So that's the 60-minute timeframe. That is the daily timeframe. And Nick from Denmark, thanks so much for writing in and listening to the show. Let's go take a look at some of the other indices out here. I want to make sure that you see what I see. You make your choice whether you want to be long or short. I'll just share with you what the message of the charts are out here. Let's start off by taking a look at the NASDAQ composite. Trashed and thrashed, but what did it do? Well, it did create the TD setup nine-count pattern. It confirmed that yesterday. You've got a nice bullish reversal signal out here. You've got an A to B equal CD. Let's draw that in. That means what you have is a Gertle bi-pattern as well. So you've got multiple patterns that are completing. Here is your 1 to 1.272 A to B equal CD. Sets up the Gertle bi-pattern. I got the nine-count. It says price is headed to 75.87. That's the NASDAQ composite. Not that I expected it will stop there, but that's where price is headed to next on the larger scale. NASDAQ composite has put in a bottom. Let's go take a look at the next chart. How about the semis out here? If we take a look at the semis, what were its patterns? Well, it formed wave number seven. The TD setup nine-count. It did it on bar number eight, just like it did at the top out there. And now price is above Stevie's red line. That's right. You heard it right here at 1.24 in the afternoon. Price is above 133404. You're at 1343. It now has a rising price loss later. It is not above zero, but it is a rising price loss. So it's suggesting that price is headed to where? This little TD setup trend line, that's up at 143615. Is it going to stop there? It may rest there, but is that the end of the move? I don't think so. You've got a nice bottom. A Gertley, a seventh wave move, a TD setup nine-count. Holy cow, come on and take a position there. Well, we may just add there as well. If we take a look at the transports out here, what do the transports do? They've got the old Gertley buy pattern as well. Price right now running right up towards its red line. That's a 10-0-51. You close above that. And that says that price wants to move higher. If we go take a look at the Wilshire 5000, that was just falling apart like a cheap suit yesterday. This has got the A to B equal CD to the downside. Three river morning star pattern at this stage. It doesn't look like the nine-count is going to hold up. This set is a 28-9-16. Another Gertley buy pattern out there. You'll probably get sick and tired of the Gertley buys. But if you were to be a pattern that would, or an individual studying the Gertley buys well, then June 6th, no, June 4th. What is today's date? June 5th? June 4th. June 4th is your day to put all those charts in your book out there to say, this is what a Gertley buy pattern looks like. Looks like out here. The same thing inside the New York Stock Exchange. I'll let it in completely make its A to B equal CD pattern out here. That one, we looked at a couple of different patterns in the New York Stock Exchange. We looked at the oversold condition, but more than that, we looked at the bottoming pattern with the rising advanced decline oscillator out there. Right now, you can see price is tackling Stevie's red line, your 12508. A close above that in the New York Stock Exchange. Boom, kaboom headed higher. Now, the New York Stock Exchange, if I'm going to give you the target, the target's all the way back up towards its highs out here, and that is from the trading day of, let me get the cursor out here, it would be headed back towards the May 6th level New York Stock Exchange. 13037. It's a beautiful two-way market we have. Never forget. Never ever forget. We're in a consolidation mode. We have been since, well, at least January of last year. Consolidations are trader's markets in both directions. Okay, right? I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer 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 TFNN.com to 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. 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Welcome back, folks. Let's go out to Costa Rica to our man, Kay Rico. Kay Rico, how are you doing today? Hey, good to hear your voice, Steve. Good to hear yours as well. Thanks for calling in. I hope we're not breaking up too bad because I've got the Internet going off and on on myself. Nope, you sound great. So I know you want to talk about Detroit Edison, folks. The ticker symbol there is DTE. And tell us how I can help you. Well, you know, we've been holding on and holding on and look at the ride in the last three or four days. It's been wild, especially today, on the downside. Well, yes, yes. The last couple of days, I mean, it's all-time high, folks, back on May 24th, so just a short time ago. And then there was a bit of a sell-off, some decent volume off that high on May 28th out here. But Caprico is a long-time holder of this instrument, a very long-time holder of the instrument. And so now, you know, I know you and you... So what do you want to do? What do you want to do here? I don't see the top. The objective, that's the question. The fact is the money... It's an issue of where do you say, okay, profit, time, let it go? But I remember what you spoke... We spoke about about six weeks ago that you see this thing at $133 in high change and then higher than that, eventually. And, you know, with the Treasury's paying nothing, 2% for five years, 2% for 10 years, practically. And this pays a good dividend. This seems to be what's in my non-expertise mind driving this stock. Sure, sure. Yeah, no, look, very valid, very good points out here. When we took a look at trying to come up with a price projection, okay, Rico, one of the things that you and I were looking at was just trying to understand what buyers and sellers of Detroit Edison were doing. And we looked at the monthly timeframe. And we were looking at the month of December, 2017. And there were 17.9 million shares. And when price passed that, it did it in November of 2018 with 21 million shares. So that was 21 versus 17. It was telling us that price had taken out a previous resistance level, did it with gusto and creating, you know, just even a conservative A to B equals CD pattern that gave us that price projection. Here's that pattern, folks. Let's see what the price is. Again, I'm just using the conservative A to B equals CD. And 137 is the one-to-one, but with only a 50% retracement in the way that price is moving along the C to D leg on the strong side, the left side, this, K. Rico says that over time, 149, 60, 164, 65 is not out of the question. Now, you'll want to watch how June trades out here. And the reason I say that is because when I bring over the other monthly timeframe chart, price has been rising and doing it with less relative energy out here. And that's signaled by these black lines. And because last month, because of the way that the month ended out there with that sell-off on the 25th or so forth, they ended up with basically a doji candle. A doji candle up at highs just tell us that the market is tired. If we get a bearish reversal signal this month and it's easy to happen, you just really need a lower close for the most part, that would be confirming that the market is tired and there might be a pullback. However, I wouldn't worry unless that, we're to see that candle close below 123.68. Now, it's June 4th. By June 30th, that number is not going to be 123.68, but it's a guideline to use. It will change, you know, by pennies out here. Maybe it's 30 or 40, 50 cents, something like that. I won't know until we see the end of the month. But right now, you'd need to see a close below that. Does that mean that you sell? It just means that I would want you to anticipate a retracement. If you were to say retracement to where, I would say 113.54 to 115.65 right now based on what are on my chart patterns out here. But that's not my call as we speak at 1.34 in the afternoon. My call is just to watch to see how June trades out here. But I don't see any intermediate term time frame signals to suggest, you know, that now would really be that time to sell. Not with the chart data that's in front of us. There are just no clear breaks of support. The daily, yes, but the daily chart for as long as you and your brother and your family have held this, that's just noise. You know, it's really not that it can't lead to something. It can, but I just haven't seen it on the charts lead to anything just yet. You are so good at what you do. I appreciate it so much. I'm only good if it works. And I recognize that. But I have conviction in what it is that I see at the moment here. And I love the patterns that we trade and the tools that, you know, I've been able to accumulate by being a TF and enter. And just the more that you use them, the more that you look at them, it just provides the more conviction. You and I know we can't control what the markets are going to do next or who's going to do this or who's going to do that. But so we have to go with the information that we have right now. That's what a that's what that's all that I'm doing. I'm just looking at what buyers and sellers are telling you and I looking for support and resistance and just trying to understand what other patterns might be out there. And so right now I just think you got to, you should stay tight with this and keep collecting activity. You spoke a very important word in my life right now and that word is conviction. And within the next 75 days, the book that my friend and I started in 1998 in the middle of April, it's going to come to life. It's going to be, we're going to, I'm controlling the destiny of all of it in my hands. We're going to be self publishing on Amazon Kindle. Our webpage is going to go live. I'll let you know. I'll let you know the name of our webpage. And we'll talk about other little things that if I can help you whatever, I'm happy. I just believe in what this book is going to do for many, many millions of young people around the United States. But once I start this book, I am out of Detroit Edison no matter where it is because I need to extremely focus on what we're going to do with this book. Yeah. Well, then there you go. So then you've got your answer. Right now today, Hang with Detroit Edison. And I think you'll be a happy camper. Okay, man. Hey, let's see. Thanks again for your help. Thanks. You bet. Always good to hear from you. That was Kay Rico in Costa Rica. We had a question come in, a couple of questions. In the den, SNP wanted to take a look at Facebook. So let's go do this. Let's take a look at Facebook using in essence our six time frame charts. We're only looking at three of them right now. So Facebook and Tucker, I did not cover gold or silver. So we'll do that. So hang tight there too. So just a question was thoughts on Facebook. Here's what Facebook did SNP on a daily chart. It came right back to support. Right back to the breakout level. So now when I say support, actually this is even more important than support because it's where it's where it's where it's where the stock broke out. Now this is a different, slightly different breakout than then if you were reading the art of timing the trade. But this is just, I mean it's a beautiful thing. So SNP price came back to support. We're looking for a long trade in Facebook. Take it with a close out below the low of yesterday. Otherwise Facebook had it to 179.72 give or take. You're 166.97 right now. We'll be right back. The majority 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 must have for every trader looking to gain a competitive informational edge in today's markets. 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Now it's got, I guess, core mining out here. They engage in the exploration and development of silver and gold mining properties located in the U.S., Mexico, Bolivia, Argentina, and Australia out here headquartered in Illinois. So let's go take a look at it. But the question is this, bought it for a trade and looking to sell at between 5 to 575, what's my opinion? And then he's got another issue or another question about SBGL. Let's take a look at this one first here. And so you've got a price target of 5 bucks. So what $5 does are in that range, what do I see in the $5 range? At 452, I see the bottom of weekly profile. Chances are a new weekly profile will form before price gets up there. But right now that's resistant, so that makes sense as a target. The bottom of the monthly profile, 427. So all that makes sense. Now, the beauty of yesterday, I don't know when you bought this before then, clearly, so in the past couple of days, based on your entry price, what you liked about yesterday was closing above the top of the daily profile. What do we mean? Well, if we take a look at this equity here, this is especially true for this equity for you, is if you look at the most recent high out here, and I'm referring to coming back to February 20th, what I want you to notice are the profiles out here. The top of the boxes are in red, this time frame, this set of charts, okay? The center of the box, that little cyan color, the bottom is green out here. What I want you to notice is that you never saw a price close above the top of a profile. The closest you got was on March 13th. That's when price got up towards the top of the box, it's 504, it got up to 502, and then continue moving lower. So a change in trend signal for ticker symbol CDE says, happens when you get a price close above the top of the profile. At least what you should anticipate is price no longer moving lower. So it does look like you've gotten a bottom out here. Of course, we look at the daily time frame chart, what we're going to see is we're going to see a bottom, we're going to see the nine count really wasn't it, but the price relative strength, divergent pattern, that was a bottom on a daily time frame. I don't know, it's just Tuesday, but right now on a weekly base, I don't have the weekly chart. Here's the weekly chart, price above Stevie's red line for that time frame. By the way, that price way, I can't tell you. It's figure it's right around 313 or so. It's behind where price is trading right now, but you've got a Rosalind Dominicator bottom on a weekly base. That says that price could get all the way up to, here's the price target of 537. That's using the weekly time frame chart out here. So look, all I can say is that congrats, you've got a change in trend on a daily time frame. Keep a stop in place. You're getting a bottom signal on the weekly time frame out here. So you're just going to have to continue to manage it as price gets up towards your target exit. You're also interested in ticker symbol SBGL. Let's go take a look at this, SBG, SBGL. This is for Cybane Stillwater. I believe another mining equity out here. Your question was you're looking for a good entry point. Well, it looks like that ship has sailed. So now it becomes a pullback. We're on a pullback. Why isn't my other charts are not, my other charts aren't picking it up. Bummer. I don't know what happened there. I do not know what happened there. Okay. So we're going to accept to go with this. So George, George, George, George, George, George, George, George, George. I'm somewhat limited. You see this thing broke above the top of its box a couple of days ago, May 31st. Without my other charts, I don't, I'm really kind of screwed unfortunately and giving you a great entry price. 359 would be one I'd throw out, but I'm not going there. I don't have, I apologize for whatever reason, my other system is not picking it up. I'm just getting blanks out there and just have something to do with this symbol and I must need to update on the other charts out there. So yeah, I'll, I'm not really sure what to tell you. Well, I can only tell you what I can tell you. I don't have a great entry point. If this thing pulled back to 359 on light volume, then yeah, that would be it. But sorry about that. And thanks for listening and thanks for writing in. Much appreciated. So let me just kind of slide in gold and silver out here. So with regard to gold, with regard to gold, with regard to gold, let's take a look at the daily timeframe out here, Tucker. Now here's, here's a potential concern for, for Goldilocks. We're not too worried that gold is trading at 1329 or that it's a doji candle. What we know right now is that today is going to be day eight of the TD set up nine cone and day eight can be a top. We also know that prices trading below the resistance level set up by the TD set up nine cone. That's at 1340, 40. Tomorrow could be bar nine. Maybe it's a higher high out there. If it's bar nine, and then the following day, which would be Thursday is the day after nine, that could also create a, another portion of this pattern out here. And if all that takes place in price below 1340, you gots to be really careful because it means that, that price on this momentum move having this kind of strength, nine consecutive closes above a close, four bars earlier, and it couldn't take out that resistance level. That is a dangerous pattern. Do they all work out there? No, they do not all work out there. But Tucker, was it you that asked the question? You gots to be careful. You got to be careful. That is as good as everything looked out there. Failing. It's kind of like the pole jumper, pole bolter, you know, can't get over 1340, 40. Not going to go home with the prom queen. It's just not going to happen out there. So you've got, we've got to continue to pay attention to this. We've got to continue paying attention to this and watch us over the next couple of days. Now look, if prices closes over 1340, 40, that is like getting out of jail. In the case of gold out here. So that's what the daily timeframe chart says. Now, to make matters worse, the mere fact that today's count is a eight count in that TD setup. We bring over Mr. Z's favorite timeframe, the five-hour timeframe. And what he knows, I guarantee you he knows this. What he knows, well, problem is, our five-hour timeframe bars are slightly different. Slightly different. But maybe he already knows this. And that is that what gold has done on a five-hour basis is it has achieved wave number seven. It is sitting in Stevie Wonder's key of G if you're watching us on Tiger TV. And now we've got price moving higher, doing with less relative energy. Both of these, now prices pulled back and it's tested support, Tucker. So there's nothing wrong. This is caution. This is not like living in Florida and the weatherman says, you know, pretty good chance of rain today. I've lived down here for 35 plus years, or what, 36 plus years. Of course, always a chance of rain when you're sitting between two bodies of water out there. So, but if price were to get below 1325, Tucker, that's a problem. That's a problem with these patterns that are out here. So right now, gold has entered the caution zone. It says keep watching it. Be careful. Be careful. Tucker, that's what I see. When I take a look at the price of gold, I'll show you silver during the break. I'll put up the profile on this. You're 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 in 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 to pay 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 TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter of the opening call today by visiting TFNN.com. Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices, gold may be poised for its next big run. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. As of April 1st of this year, the Gold Report currently has eight active positions with an average unrealized profit of almost 8% for each open trade. New subscribers get a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your Gold Report subscription today, visit the front page of TFNN.com. Don't let gold's next big run pass you by. Sign up today. The Gold Report is available on all their nutritional requirements for health in their wild environment. But today, our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primal-edge daily nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, fatty, and amino acids in an easy-to-use liquid form. Primal-edge is powered by highly concentrated folic and humic acids, nature's preferred delivery system. They have been called miracle molecules with sunlight, air, and water. Life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal-edge, formulated and approved by Nico & Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal-edge banner on the front page of TFNN.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back. So a couple of questions that have come in. Let's try to do this in a two-minute wrap here. So there was a question from KP and the Tigers down in the opinion on bond. Yeah, they generated a butterfly cell pattern. You're seeing the A to B equals CD. TD set up nine count pattern is in play. You got the bearish and golfing candle. Price is pulling back into the 152-ish range out here as we speak. So they've put in a decent top out here. Price could pull back all the way to the breakout level. That breakout level is right here on the trading day of May the 3rd out there. That's where price could pull back to. With regard to the profiles, let's just do this here. Let's put those up real quickly for you and take a look at daily and weekly profiles. See where those are at for Treasury bonds. This would say that price is pulling back to $149.27 out here. That would be the move lower. I would say if you get a price below, if you move below $153.25, that's a close below the five-hour time frame chart bottom of its profile. That's a pretty good indication to see bonds continue to pull back even further out there. With regard to Max writes in and wants to buy calls on LightSuite Crude via USO and is asking, do I think that the LightSuite Crude the market are trading in tandem? I'm not going to go there. I would just rather trade the patterns out here. And the patterns for LightSuite Crude, all I've got from a bottoming potential signal is yesterday completing a TD setup 9-count. So if you want to do it, go take the position. I don't have real conviction behind this, by the way. But that is a bottoming signal out here in LightSuite Crude. And so you could take it. If you see a close below yesterday's low out there, go ahead and liquidate that call position. So I wouldn't load up the truck, so to speak. But do I see the potential for a bottom? I do. Folks, thanks so much for being here. Stay tuned. Absolutely. The entire world's best polar bear. He's up next. He's an amazing technician. To boot Tom O'Brien 3-5. I'll be back with you on wonderful Wednesday. Have a great Tuesday, folks.