 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Oh toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the October 26th the terrific Thursday 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 out there is having a great day. Let's make sure we have an extraordinary one Now the easiest way to do that is to always remember that life is happening for us not to us That's right. When you and I make that one little two-by-four shift means we can find the gift in every set of Circumstance that life is gonna toss at us now today you and I we're gonna go check 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 want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes. I'm here to serve you So feel free to pick up that phone dial on in at eight seven seven nine two seven six six four eight Now if you've got a question, but you can't call in you can send me an email Send that off to Steve at tfnn.com and inside the subject heading if you would be kind enough to put radio show question Of course if you're inside our Tigers table then any and every ping will do so let's go ahead and get this show Started on terrific Thursday. Of course. This is Tiger financial news network. I'm Steve Rhodes Welcome to the show mixed bag out there. We take a look at the indices Dow's off 43 S&P's off 21 Nasdaq 100 is down 158 while the Russell's up 1% 16-point move there some buyers up 3 tenths were sent That's a 10-point move trainees are down 6 tenths or 90 points You've got gold off 4 bucks silver down 15 pennies like you'd crude off a buck 57 printed out of 8381 natural gas up 3 cents 30-year treasury bond up 20 ticks printed out at 109 oh one the leader in the clubhouse to the upside is O'Reilly Automotive a $41 move nearly 5% service now just behind at 32 bucks the upside 15% there morning stars up 32 bucks I'm sorry service now was up 6% and the 32-point move equinex up 26 bucks 4% Linux International is up 6 and a half percent or 22 bucks. Those are the movers shakers to the downside Align technology looks like it's out of line down 25% of $61 move West pharmaceutical services off 35 bucks or 10% Belmont Industries down 13 bucks 30% Mastercard down 19 5% there Eli Lilly off 3% or 17 bucks So we got movers and we've got shakers. Let's begin the day by take a look. What's going on inside the equity future complex out here Let's do this. Let's go over and take a look at where do we want to start? Let's start here. Let's start Let's start over here. Let me change screens Give me a moment Second here, sorry about that a little hiccup, but we're gonna be there Okay, so we're gonna start off on this screen here Which are gonna show us the daily equity future contracts out here So the ESMini in the upper left-hand corner what you'll see it's triggered roads minting indicators They don't already confirm that pattern on October 24th But the key here is it did not close above that red oscillator and change line So there was no confirmed signal that that bottom was really gonna take hold So what we're waiting for now today is going to become bar number eight of a TD night out bar number nine tomorrow Just simply is going to need a close below 42 41 75 so to a certain extent is saying that if there is a rally for that pattern to confirm You're not going to get substantial significant movement out there But if you're looking for a TD night out bottom, that's what we'll need to do tomorrow is close below the close of bar number five If we saw bullish reversal candle today that would generate a roads mint indicator bottom And it would also confirm an A to B equal CD to the downside out there And if we want to go ahead and take a look at it We are in wave number seven that is letter G now that needs a higher low So the ESMini S&P 500 ESMini is signaling to you and I that it's attempting. You don't see the chart What the heck don't know how you don't see the chart Peter anybody else Should be it should be there posted should be live out there, but keep giving me some information if for some reason It's not out there. So so that's what's going on the ESMini. It's definitely giving us a signal Okay, perfect that it is attempting that it has all the signals out there I say signals it has all the it has all the patterns. We're just waiting for confirmation And then of course what we're also waiting for is in fact to close above that red oscillator and change I now we take a look at the NQ the NQ yesterday negated his TD night out bottom It is now completing at least the one-to-one it's a little bit beyond the one-to-one a to be equal CD pattern So that says if we get a bullish reversal candle, that's going to confirm a buy the D point pattern today We'll become bar number eight of a TD 9 count It simply needs a close tomorrow in order to confirm a TD 9 count a close below 14 7 12 No other patterns out here in the NQ for us to pay attention to inside the Dow The Dow formed an actual buy the D point pattern on the October 6th Candle session that created a four river morning star pattern, but if price did close the day below 33 021 that pattern would get negated So that's still an effect out there. There's a roadsman to indicator signal It's been triggered that needs a bullish reversal candle to confirm a bottom out there no wave seven That was negated this morning when price closed below or tick below at least the October 23rd low out there So a couple different potential bottoming patterns inside of the Dow well one that's already existing So price has to close below that level that I gave to you to gate that signal the Russell 2000 is a strong dog out there Now we take a look at it yesterday was the completion of a TD 9 count bottom if price closed below Yesterday's low. So let's take a look at that yesterday's low. I gotta move this over the side yesterday's low is 1657 80 a price closed below that that definitely tells us about a further move lower now the key level here 1686 at the moment in 1686 is it's red oscillator and change line if price can close above that this TD 9 count bottom Will in fact take hold now if it takes hold Still has battles up above and up above because that's where the profile levels are If it's only a counter trend move inside the Russell 2000 We won't know that first in order to even consider a counter trend move We've got to see a close above that red oscillator and change line 1686 as we speak right now, but 1731 to 1741 would be where a counter trend move would fail price were to close above 1741 They'd be back to where price had broken down from at 1800.90 so that's what we have going on we take a look at the daily time frame charts for the equity future contracts I'm gonna just close that out because I can open it back up later, but just to free up some resources Let's go from there and let's go take a look at the US indices out here We'll come back to currency pairs, but let's go take a look at the US indices and see what kind of signals We have here in the upper left hand corner We're gonna start with the a doubt now the Dow formed a come a buy the d-point pattern had that same four river morning star pattern So it's key level of support is down at 32 846 94 It does have a rose been dominicator signal triggered at bullish reversal candle would confirm another bottom In the case of the S&P 500 just like the ES mini today will become bar number eight It's also in wave number seven that is letter G out there So that needs a higher low the rose been dominicator signal That's also present needs a bullish reversal candle. So the S&P 500 just like the ES mini is signaling to you and I it's certainly Prepared to make a bottom we take a look at the NDX 100 the NDX 100 bar number eight wave number Seven I believe yet wave number seven that is letter G. I've no rose been dominicator signals This requires a bullish reversal candle or just simply a teeny-dine cow bottom and that just simply is going to need a close tomorrow below 1460485 we come back to this break. We'll finish looking at the equity cash indices. We'll look at the Seasonal patterns. What are we expected to find a bottom? Where are we? We'll be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets Across the globe, which is why it's a great time to try out Teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously When you sign up for the tiger forex report you also gain instant access to Teddy's 60-minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today? Visit the front page of TFNN comm TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide It's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by 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 and stock prices get the opening call newsletter by Basil Chapman in your inbox every day First-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 131 S&P off 29 Nasdaq one or 183 Russell's still up about 1% or 15 points And in fact, that's where we were kind of left off with regard to the Russell 2000 So it completed a TD 9 count bottom yesterday the bullish reversal candle today would confirm a Rogement of indicator bottom the key level inside the Russell on the cash industry is about 1677 50 That's currently what the oscillator and change on is printing out a close above that Would suggest at least a two-day rally perhaps more but take a look at the semiconductors out here The semiconductor index is different than the SMH in fact I'll show you if you take a look at the semiconductor index right now You can you will complete a TD 9 count bottom today That should take price up to its oscillator and change on at 33 22 if I take a look at the SMH is what put this over here right now You'll see there's no TD 9 count pattern. I mean it is going to perform bar number 8 today So really what you want to do is a semiconductor index itself is preparing to form a bottom I don't have that same signal inside the SMH is I would rely in the semiconductor index itself versus the SMH is for The signals we take a look at the transports today. We'll go ahead and complete a TD 9 count bottom pattern That says today's low is something you should jot down on a pad of paper Press close below that tomorrow or in the next few days that tells you about a strong moment to move to the downside Now as the composite like the NDX 100 also in bar number 8 of a TD 9 count and with regard to the New York stock exchange of Bullets reversal candle today would confirm a roads meant to mitigate her bottom. It is in wave number 7 That is letter G. So we got a lot of G's out there And those can all know those require a higher low So the earliest that that pattern could confirm is tomorrow But folks the real key area out here with regard to resistance that price must close above In order to signal that there is at least some kind of bottom attempt out there is getting above those red Osset and change lines. Otherwise, that's the price target on a counter trend move out there And that's the importance of that tool Now where do we go from here? Let's go from here now I'm concerned if I put this next tool up on this screen right here that it's gonna shut it down for some reason So we're gonna switch over to a different screen and then we're gonna take a look at the seasonal patterns We're gonna try to understand seasonally. Where are we at? So we'll change the screens here. They give me a moment We'll get back to the main screen out there and now we'll put up the seasonal pattern So when we can take a look at the seasonal patterns out here, this is the S&P 500 This is for 95 years. The red vertical line out here is the where we're at today Yeah, where we're at today. What's that tell us that says that we're supposed to see on a seasonal basis Again just true flat-out seasonal basis that the S&P 500 is supposed to make a bottom right about now Well, jeez We just went over all those charts in the ES mini inside the S&P and the cash indices and they're certainly giving you and I that signal Now that's 95 years. What we can also do is we can go and take a look at the same 95-year period of time And we can switch it to only take a look at pre-election years turns out that for pre-election years We're supposed to be forming a bottom today Now that bottom is only supposed to last basically until maybe the very early part of November Kind of like a window dressing period and then price resumes its way to the downside So from a seasonal standpoint at least for the last 95 years And how do I change this now for less 95 years? We're basically at a point in time regardless of whether we take a look at the pre-election cycle Or we just take a look at a straight out We should be bottoming right around now doesn't guarantee we're gonna get a bottom if we take a look at the S&P 500 Just look at the last 25 years. Well, guess what? We're supposed to find a bottom right around now as well Let's take a look at instead of 25 years. Let's look at 15 years worth of data 15 years says the same thing. We should should be finding a bottom about now And if we take a look at the ten-year time frame, we've got that same message So there's a lot of reason for you and I to be taking a look at the indices out here and say, you know what? We may just get we should we may get a viable bottom or we may at least get a tradable bottom That should last for at least two to three days. Maybe it takes us into the early part of November What else is out there that's assist us with that idea? Well, let's go take a look at the New York Stock Exchange and we take a look at the advanced decline With the McClellan oscillator advanced decline oscillator out there That's gonna be panel number three what you're gonna see is I drew in a rising green line When we have that making higher lows and price we take a look at the New York Stock Exchange the upper panel Making lower lows. That's an indication of a divergence that is preparing us for a bottom Remember inside that New York Stock Exchange chart it also had a roadsmen to indicator signal bullish reversal candle potential TD 9 counts Although I believe that today was bar number seven of that let's go back and take a look at it But all of this is really lining up for what should happen now what it could have could have what it should have We'll find out soon enough out there if we take a look at we had the perigee lunar phase come in last night at like 2252 or 2253 or something right along those lines That's another line of demarcation for us to pay attention to that line out there is be 4181 50 inside of the ES mini inside the NQ that price bonus 14 3 1450 and that says that if we can start seeing price close above that level and then take out resistance areas You're watching this on Tiger TV. You're gonna see that we have and we're looking at just the upper two panels We have resistance areas at the descending trend lines We have resistance areas at the top of the profiles if price is able to clear those levels That tells us that what we were just looking at is likely to come to fruition Which is at least a at least a tradeable bottom out there Is there anything else that you and I can look at to assist us and I would have to say Mmm, not really out there now We do know that there is an influencing factor of the US dollar index We know the US dollar index has more of an impact on metals and it does on the equity futures out there But it's still something to pay attention to so why don't we go take a look at it when I first started off We're taking a look at it. We take a look at the daily US dollar index chart out here And what we can see is price right now is trading above the top of its daily profile That's printed at 106 42 and there's a US dollar indexes around 106 57 I do have a 10 minute delay on this data feed out here closing above 106 42 I don't know for two consecutive sessions would indicate that price is likely to make a run for its rose momentum indicator top at 107 05 also closing inside that swing point in order to do that You need a close they above 106 51 would be another indication that that is likely to happen However, we can't just look at the US dollar index and think that that's all we need to do to figure out What is going on instead? We need to take a look what's in the underlying What's going on on the underlying instruments the instruments that actually make up the US dollar index What are they doing here? We take a look at the euro US dollar You can see it's got a TD 9 count bottom and right now price is trying as it has done for the last several days out here It is trying once again to close above that green oscillator and change line Well, if the euro is going to move higher, there's one thing I can guarantee you It'll put pressure to the downside on the US dollar index. It's 57% It's a lot of pressure that it would put to the downside So the level to be watching today not so much the US dollar index charts. It's really watching the euro Oh, shoot. Wait a minute here. It wasn't at the right spot. Gosh started. Thank you. Sorry about that All right, so now back to the euro US dollar we're back to where it's supposed to be and what we can see here Still the same scenario TD 9 count bottom and price testing a key level of support and that is that oscillator and change line Now that's printing right now at one point zero five three zero eight if price can hold that level It offers the opportunity for price to make a move to its TD 9 count breakdown area, which we know is strong resistance That's at one oh six seventy three So if this level of support holds still the same thing and it moves higher from here It'll put pressure to the downside inside the US dollar index. We get back to this break We'll finish take a look at the currency pairs. We do have some questions that have come in So I want to get to those as well and be right back the gold report as A precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC Market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the 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 Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions Live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with Expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors TFNN has just launched their new trading room the Tigers 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 stand available to all Tigers and Tigris's for just one Dollar for the year. 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So if we take a look at the hero just back at the year You can see that since October 5th Price has pulled back several times and tested and rejected that red oscillator and change line That's how significant a level of support that is just like we were take a look at this So it should hold it has held in the past It should move higher at least up to that 106 level and if it does that that's gonna put some weakness inside the US Dollar index, however, if we get a close below that red oscillator and change line That's a whole different story out there And that's what makes that level so important to be able to watch day 1.05 303 as we speak right now a close below that takes us back towards that TD9 count bottom And that'll put strength inside the US dollar index and strength inside the US dollar index is coming from the yen a 13.6% of the weighting and a close today above 150-16 will negate its roadsman to Mindicator top a close tomorrow Above 150-16 when they get its weekly TD9 count top in this case here if the yen is moving higher It's getting weaker and will put strength inside the US dollar index The Great British pound is found support at its oscillator and change line very much like the euro that's been tested And it's been rejected several times. That's currently printed 1.21 year zero if price closed below that Well, that says we're headed lower that'll go ahead and put strength inside the US dollar index So right now the end kind of dealing with the resistance level So not sure which way that's gonna go but the euro and the pound are suggesting that the US dollar index should pull back out There so I hope that that helps everybody out Let me go ahead and close those charts and let's guys start getting to some of the requests out here I don't want to get it behind on those And the first one that we're gonna look at is gonna be for Alton And he's in a Palantir and he's just looking for some ideas as to what this is doing or where it's headed to So let's go take a PLTR as a ticker symbol out there Let me get this full thing set up so I can look at it on my other screens as well and Palantir is So what is it so you're long so you're below support you're below profile support You're below oscillator and change line support on a daily basis and quite frankly You need a much of you need a big spike lower in order to trigger a TD9 account bottom That spike lower now would have to be today And we need to spike below 1521 if it did that Then we would get a TD9 account bottom short of that We don't have a TD we got a TD9 account, but it's not doesn't qualify as the bottom pattern that I'm looking for So therefore if you don't get that spike down below that level we just looked at this is likely to continue to head lower now Price is trading into a swing point a swing point was from October 23rd 55 million shares yesterday you got into with 46 million shares today so far. We are at 21 million shares Oh boy, so you're moving into that swing point with volume or it appears you are at least for the first two hours of trading That says that at least price would get down if you close inside that swing point with volume that Increase the odds that that low would be tested at 1521 tested may be broken if I look at the weekly time frame chart It's just a consulate price of consolidating with inside its weekly profile So price could be targeting 1423 Alton and on a monthly time frame the level of support out here is 1502 That's a new profile that formed last month or a couple months ago out there. So I'd watch the daily Watch the daily, but at least you should get a retest of that swing point out here Not that that's a bottom or anything, but you should get a retest of that October 23rd swing low And again that number was down to the 1521 level So Alton, I don't have great news for being long palantir at this stage, but maybe you're in a much lower prices And at this stage here, it looks like it wants to continue to move lower Let's go take a look at Microsoft this for S&P inside the Tigers then we take a look at Microsoft What do we see so Microsoft has pulled back and it has tested its oscillator and changeline That's at 330 57 now. Let me see where we're actually trading some tea We're 33122 So as long as that holds S&P 330 57 and preferably the level that you want to see hold There's a top of its daily profile and that would be at 33139 So you'd like to see it close above that if you do get that then we're likely to see Microsoft complete It's a to be equal city to the upside out there I don't have that that drawn in here, but that's the pattern that is in play out there now What happens if price closed below 330 56 then and this could still be a countertrend move out there Could be the problem with be calling that as I have this two-bar rule And so if it closes below the top of that profile, we only have one bar above the top of that profile But ordinarily a countertrend move would find support in the zone of 329 15 to 33139 out there with 329 15 being the real key level, but right now as of 1135 You've got a bullish message with price at least testing and so far holding that key support area And that's the important chart now on an intraday basis the 30 minute charts or anything to assist us There's really not it's got an a to b equal city to the downside needs a bullish reversal candle has gotten back to close The gap that it formed out here from a couple of days ago But it's still inside that candle from the 4 p.m. Close on October 24th So this would say that you need to see a bullish reversal candle on a 30 minute basis to confirm a buy the d-point pattern So hope that helps shout SNP. I know that muck inside the Tigers. I wanted to take a look at Microsoft as well Let's go take a look at our next request which is coming from jambalaya I don't know if it was your question or not, but jambalaya was mentioning and video so on a monthly basis and Jambalaya, I don't know if this is what you saw, but it's got a teeny nine count top out here It's got a roach mint and indicator top and Nvidia likely pulling back to test 380-04 or so that's its green oscillator and change line weekly chart roach mint and indicator signal if price closes below the bottom of its weekly profile Tomorrow, that's 408 99 odds favor a further move lower If we look at the daily timeframe out here the daily timeframe formed a sell the d-point pattern now You could actually be getting a sell a a to b equal CD to the downside How would that unfold well the swing point that it needs to close below is from October 23rd the volume there was 47 million shares nvda Today so far in the first two hours of trading you're at 23 million shares. This has volume So it looks like if you get a close below that swing point Don't know if you will or not, but if you do get a close below that swing point That's from October 23rd that low 409 45 you'll have a confirmed a to b equal CD to the downside now Where could that take us to for that? I'll go take a look at my other charts. Let's do this here Let's go ahead and switch over to the black background charts Give me a moment Here and then we'll just simply expand out the daily timeframe so that that's all we're looking at We'll get rid of the a to b equal CD pattern We'll get rid of that now. We'll leave that trend line in here So let's go draw in the new a to b equal CD pattern out here. Oh, I see there's actually a larger one So there for this number of them possible, but now that we got this chart open what let me pull this back just a tad further as well So Microsoft is trading back into what is an area of support that was generated I told August the 14th out there. So the volume there was 69 million shares So you're pulling back with similar type potential similar type volume today So here's here's the large rate of equal CD is let's take a look at that That is really a swing point from September 21st 45 million shares out there So let's draw that one in we'll draw in a number of them because there are a number of them So the a point that's gonna remain at the high of August 24th the b-point on this one So low September 21st and then the c-point is October the 12th. So one to one. We get you down to 383 23 out there That's the first one there was the second one that I was looking at my smaller version of the screen out here And there's your a-point which is at the c-point. Here's your b-point. It's at the October 23rd low a two-day retracement That was 41% that one gets you down to 370 So you got to watch today's volume and I would say that you also want to watch the price point of 403 11 you close below that or likely headed lower in N video. 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? 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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 Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts Videos and data on the key markets that he's tracking expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Are China a shares hot or not? If you trade China a shares now may be time to take a closer look trade CHAU or CHAD Directions daily CSI 300 China a share bull and bear ETFs China a shares in either direction Visit direction investments calm 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 Natural gas for Ron inside the Tigers and his question is long or short My my response or answer would be long from a trading at not not from an investment standpoint I don't think that we've made the bottom yet out here But we could have but right now what you've got is price trading above the top of its resistance the top of its daily Profile that's where I thought and yesterday price stopped right there It was both the oscillator and change line in the top of its profile now the day's not over and price may get back below 338 and if it does just tells you that man this thing likes to consolidate Certainly between profile levels out there But if price can close above that it offers the hope of at least rallying into the high here from October 18th that highs at 352 354 if price close above that then you're looking to move to 369 now the issue here With regard to longer short What I was looking at is kind of like what I call a junior swing point out there and so far price is tested rejected That's the a bar from October 18, so it makes a little bit tricky But by days in you might have your answer and I'll still go with the close above 338 Should get us up to at least test the top of that swing point may be higher now on a 30 minute basis run This formed a roadsman to indicator signal did that as we were coming into the 1130 time frame But price is also found support at this stage at 338. That's the bottom of its profile out there So what we might see here is we might see natural gas Continue its rally from this point forward out there I don't have any other charts out here to suggest something different now if we saw a close below 338 different Different scenario, but right now it looks to me like but natural gas has done It's pulled back it sets the level of support and it should trade higher from here run So I think from a trading standpoint. It's a long at this stage here. I'm kind of out of Not so sure about the longer term I think the longer term with regard to the way natural gas has been trading doesn't come in until January or February Of next year, so hope that that helped you out with regard to natural gas and thank you for the request Let's go to our next request out here This is coming in from not a trader and not a trader wants to take a look at ticker symbol Gis so let's get that pulled up here. Give me a moment. We'll get to those charts Am I on the right page? Yeah, okay, just need to get to the right thing So Gis it should be right tucked in right here and this is general mills Gis And that is trading looks like it wants to trade to so not a trader I don't recall what your question was or if you had a question But here's what I can share with you and that is that yesterday Had a big close above the top of its daily profile and you're trading above that you're trading of yesterday's high What general mills wants to do is make a move up to its breakdown resistance level. It's a very devilish number It's 66 66 out there the weekly chart is looking promising because right now price is trading above It's also during change line and that suggests that what we could see out here is a move up to 67 29 So you got 66 66 you've got 67 29 as your resistance areas on a monthly time frame This formed a roadsman to indicator top price is pulled back to test its breakout levels poured at 59 90 That supports the idea of a bottom and at least a further move higher out here. Is it a significant bottom? I would say a price close above 67 29 the answer to that question would be yes So if you're it is it's definitely on a buy as we speak right now Just don't know how it's going to deal with that resistance zone, which we'll call between 66 66 and 67 29 so I hope that helps you out not a trader, but a good pick with regard to General mills out there charts look pretty darn good. Let's go take a look at Apple. That's for a muck in In Italy I or maybe you're not in Italy. I'm not sure where you're at today But let's go take a look at this for Mike as well as for Nancy and we take a look at Apple What do we know about it? Well one we know that today is going to become bar number eight of a TD 9 cow pattern We also know that it's a wave number seven. That's letter g that needs a higher low out there There is an a to b equal cd to the downside that Coder should take Apple towards the 163 ish area out there And that would then say if we get a bullish reversal candle, you would have a Gartley buy pattern So the buy patterns that are in play out here for Apple today will become bar number eight Says that you could get a bottom between today and Monday wave number seven you get a higher low That says that you would have a bottom Price then if you get those signals should take us up to its oscillator and change line 172 and change right now. It's 172 78 on a weekly chart out here The swing point for the a to b equal cd had volume of 261 million shares when we closed below that it was a 285 million shares and that was back on the trading week of September 29th So Apple does have a confirmed a to b equal cd to downside on its weekly time frame Let's go figure out where that could take us to just simply see if we can do the cut-paste and assemble part of Stevie's techniques out here. There we go. So we got the cut-paste and assemble So the one-to-one gets us that's still the same one-to-one that we're looking at a daily time frame So it's around the 163 type area on a monthly time frame for Apple Apple is starting to get back in trade ins. Oh, no, I'm sorry. There's a new profile that is formed for Apple That profile, let me give it to you. It's gonna be at the bottom is 14701 So that certainly is game out there and the resistance zone because its bearish and structure is between 186 85 and 198 23 But let's take a look at apples in bar number eight So when an instrument gets into a potential bottoming signal if it is going to form a bottom We ought to see some intraday signals that help us out when I look at a 30-minute time frame chart We don't have such a pattern. We do I do see an a to b equal cd to the downside Actually, there's several out here that you can put in But you still need either way no matter how we would paint this you still need a bullish reversal candle to identify some type of a bottom Out here, so we don't have the signal necessarily a 30-minute time frame chart to suggest that a bottom is in What if we switch to a 15-minute time frame chart Stevie? Well, if we look at the 15 minutes still nothing there to assist us with a bottom that I see quickly Let's look at a 10-minute chart out there and on a 10-minute chart You could get a rose mint and indicator bottom I don't have the right oscillator and change line up there But we can say the resistance is at 168 94 168 24 and 168 94 That's Apple for its 10-minute time frame out there. So there's a potential for a bottom We're just not yet seen it in the cards just yet out there, but it is worth monitoring for sure So Nancy and Mike I hope that helps you out with regard to Apple Phil wanted to take a look at MasterCard MA is a ticker symbol there. Let's pull those charts up. We take a look at MasterCard We can see that do this thing is a gap to the downside bar number seven today below weekly profiles inside the monthly profile So the next price projection level I would have to say would be 339 93 that's the center of its monthly profile out there now. There's an a to b equal cd to the downside that B point had volume of 11.7 million shares was passed last week with 12.4 So there's your confirmation of an a to b equal cd to down so let's go ahead and draw that in get a price projection Looks to me like we're already at the one-to-one level So now what you'd be looking for you're probably the one-to-one point two seven two level and MasterCard on a weekly basis Is you would be looking for a bullish reversal candle We can say the same thing about the daily time frame But when you make a to b equal cd patterns out here You don't make them with wide-ranging bars and that's what we have this morning out here So this is suggesting to you and I lower price as far as where's the next support area out here? That would be down at 346 31 when we take a look at the daily time frame So MasterCard is not looking good at all We take a look at the daily the weekly and the monthly time frame charts out there So Phil I hope that that helps you out and provide you with the information that you were looking for as well We get back to this breakout here. We're gonna go ahead and take a look at XBI and that is for Greg M Steve Rhodes with TFNN Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats Tiger Forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets Tremendously when you sign up for the Tiger Forex report You also gain instant access to Teddy's 60-minute webinar archive. He just hosted forex strategies and fundamentals What is behind the Tiger Forex report for all the details and to start your 30-day Tiger Forex report subscription today? Visit the front page of TFNN comm TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at TFNN comm 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 and 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 TFNN comm 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 comm when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento 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 comm educating investors TFNN has launched the Tiger's Den 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 The Tiger's Den available to all Tigers and Tigresses for just $1 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 TFNN.com The biotech ETF for the S&P 500 XBI we can see that it already has a TD9 count bottom on its daily time frame Bull's reversal candle today would generate a rose mentor indicator bottom Although that's actually been confirmed so you just get another confirmation The key here is we've got those bottoms but what price was unable to do out here This is for Greg was unable to close above its red-osso turn change on it Quite frankly that's where price is pretty much sitting right now I realize we're trading at $66.54 You need to see a close above $66.30 today If you get that Greg you're likely to get a move up to $68.43 or $70.29 Those are your two next battleground areas and above that it would be $72.96 out there So on a weekly base you'd love to see a bullish reversal candle Doesn't look like you can get that today That would confirm a buy the D point pattern out here But right now on a monthly basis price is trading back into a prior swing point That swing had volume of $291.291 million You're trading into it with about $194 as we speak right now So don't know what it's going to look like at the end of the month out there That's XBI to finish out the show today Let's go take a look at Juniper Networks for Dan Dan Juniper Networks has got a what If we get a bullish reversal candle today This will go ahead and confirm a rose mentor indicator bottom Now you do have a battle at $25.39 and $25.71 Those are the center and top of its daily profile But to get it close to about $25.17 Price will go ahead and should want to take on those battleground areas On a weekly timeframe chart It needs a bullish reversal candle to confirm a weekly buy the D point pattern And the monthly chart price is taken on a swing point from back in October 2022 So one year later volume there was 81 million shares So far this has done 62 million shares You got a daily TD9 count bottom Looks like it might take effect You may also get a TD9 I'm sorry A rose mentor indicator bottom today Folks thanks so much for joining me Stay tuned for all the great programming I'll see you tomorrow on fantastic Friday Take care folks