 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the May 23rd. The terrific Thursday 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. Let's make sure we have an extraordinary one. And of course, 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, it means we can find the gift. In every set of circumstance, that life is going to toss at us. Today, you and I, we get to go check on the circumstance of these markets. We get to go figure out what the bulls and the bears, what the buyers and the 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 most importantly, during this next hour, I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you. You can dial on in at 877-927-6648. If you can't dial in, we've got you covered there, too. Just let those fingers do the walking. Send me an email, Steve at tfn.com. Inside the subject heading, please put radio show question and in the tiger's den, well, any ping, we'll 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 less show. Right now, the Dow trading down 415 points. That's one in six tenths percent, printing out at 25361. The S&P off one in six tenths percent, 45 points. Trading out at 2810, Nasdaq 100 off nearly 2%, 144 points. Russell off nearly 2% or 30 bucks. Semi's down two and a half percent. So it's mean and red across the board, meaning green. When we take a look at that spot volatility index, trading up 20.54%. You know the drill. You know the drill. Come the end of the day, do not ignore the drill. Come the end of the day if the spot volatility index is trading above a one day rate of change of greater than 10%. You've got gold up 10 bucks. Speaking of tens, Silver's up 13 pennies. Light speed crewed back 376. Lead in the charge to the upside. It is universal Corp. Up $7 or 13% UVVs. The ticker symbol, Mercado Libre up five. Co-part is up four, six percent. Our Genix is up three bucks. Two and a half percent to the downside. Amazon off 48. Chipotle down 41. That's only 6%, 9 out of 67,000 shares to the downside. Booking off 37. Google 18, AutoZone 17. So things to look at, but we are going to look at what you guys want to look at. The first request coming in from Mike M. Mike M. in Sarasota says, please look at the gold contract and royal gold. When we get to the gold contract, that will be for Peter as well who wants to take a look at it. But Mike's question goes on to say, well first let's pull up royal gold. Got those symbols already in here. RGLD, you can see it's trading out at 86.59 right now. And Mike goes on to say royal gold. Please look at royal gold for targets as the TAS daily point of control was 84.19. 84.14 was the top of the box. Never saw the top of the daily box. So that's where it was. By the way, the point of control on the daily time frame, left hand panel of the chart for those of you watching, if you look at that little data box, you'll see that the center is at 81.52, which is the point of control that Mike is referring to and the bottom at 81.52. Just tells you strong support. Resistance was the top at 84.14. Price is broken through that. Mike is looking for a price target to the upside. So Mike, that becomes pretty easy because when we take a look at our market profiles or at least the first target that it would provide to you is going to be the bottom of the weekly profile. And that's 87.83. We're at 86.61 out here as we speak right now. So nothing else from a profile standpoint that suggests anything different. 87.83. Now, let's stick with the weekly chart as we go over to Stevie's other charts out here and tools just to see what it signals to you and I because that's a TAS profile. I don't have the TAS profiles on this weekly chart here. I purposely do that. So I don't know why I purposely do that. I just do. But here, Mike, the level that you're looking for as possible resistance, bottom of the weekly, we looked at that. We're looking at Stevie's green line. Now, it's priced at 87.68. That number is going to change up or down over the next several sessions or what have you. But that too is resistance. Now, closing up of Stevie's green line, 87.68, closing back into side the box of the weekly profile, 87.83 would be very promising. Promising to what? Well, Mike, here's, let's just stick with the weekly chart is the one providing the best signals. And I'm assuming at this stage here, because you've asked several times, you're actually in this trade out here. If price breaks above that, well, we know what price did here on a weekly basis inside Royal Gold. We know that when it made its most recent top, I did it with that TD setup nine count. We do always recognize that the high or low, in this case here, the high can come up bars eight, nine, or the bar following bar nine, that little bearish and gulping session. That was the day that was the high. It drove price down to where? To support. It drove it down to support basically to the T, to the tick almost, and support being the breakout area. That red horizontal line, yes, I refer to it as support, but the reality is it's really the breakout area. So the breakout area held, prices moving higher. Your really next target, assuming price can get through those two areas we looked at, is going to be where resistance was, the breakdown. And that breakdown was not to hide that shooting star the week of July 6, instead it was the week following. A lower high out there, but there you go, that's your resistance level 9318. So there you've got it. No real reason for us to look at the daily or the monthly timeframe to provide you with the information that you are looking for. Hope that helps you out. No other questions at this stage, we get to gold out there, and so Peter had asked about gold. So now let's go try to figure out Goldilocks. What do we know about gold? Well, let's put up the daily timeframe chart. Let's go ahead and put up our profiles. Let's go ahead and punch them in. We're looking at the June contract for gold. We're going to take a look at the daily and the weekly. Gold is at this stage of the game, sticking its head back above the daily profile. It had been trading below the bottom of that box, 1281. A close above, we'll say 128380, which is the point of control which suggests that price is ready to make a run for the top of that box at 1300.30. That's what the daily timeframe chart is suggesting to UNI. Do we have any other calls or signals? I'm just searching around out here. Yes, we do. We most certainly do. What is that other signal? Well, that other signal is PS date resistance. When we take a look at resistance out here, that number is clear as a bell. That's 1292. That's on a weekly basis. That is on a closing basis also. Where's gold likely? Headed to, as long as it stays above 128380, you've got the number. 1300.30 or 1292, even Stephen. That's really where price needs to close above on a weekly basis in order for that TD9 count on the weekly to really call it a bottom. 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We'll be back with more of the new TFNNN.com educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Stow's off for 24 S&P 46. Ian writes in and asks the question, is the S&P a good buy now with a 2800 stop? The S&P is trading at 2809. So let's try to answer that question for Ian. Ian Miller. No, I know that's not your last name out there, but that's from my big bat Greek wedding and it just happens to be a movie that I love for many reasons out here. But let's get back to the Ian's question. First, Ian, let's take a quick peek at the equity futures contracts and try to understand where price is trading in relation to support. Now, here in the case of support, we're using our daily and weekly profiles, really daily, weekly, monthly and quarterly, and looking at the ESMini specifically, that's your question, here's what you know right now. And that is that price is trading below a key level of support. That key level of support is the daily profile. Now, it's by the hair of its chinny chin chin. Nonetheless, it is still below. 281360 is the number where it's 2809 in the June contract for the ESMini. You'd really like to see a close back above that price level if you were to take that trade. So that's what the daily timeframe chart for the ES shows. As long as we're over here looking at time at instruments, let's look and try to understand and get a general picture of the market entirely. The NQ trading below, the NQ making a lower low from last week or something, whereas the ES has not made a lower low, always something to think about. In the case of the NQ, it's made a lower low. And it's trading below the bottom of its daily profile, that number is 7342. The Dow Equity Futures contract right on the number. Pretty close. 25333 is the print right now. Bottom of the box, 25338. We'll give it the five bucks. The Russell 2000 is trading at the bottom of its consolidation area. That's 149740. Has it made a lower low, slightly above the low from the trading day of March 25th out there, something to watch, something to watch. So how do we sum this up right now? You have the Russell 2000 on a daily basis at support, bottom of the consolidation. If you're going to buy the market, where do you want to buy it? Bottom of the consolidation. Want to sell it? Where do you want to sell it? Top of the consolidation. Dow Equity Futures contract at support. ES mini, in essence, at support. NQ not there. But you know what, Ian, I know you want to ask the question, and you did ask the question about the ES mini, but when I take a look at charts like this and see things at support, yes, we can go focus on those intraday charts, and we will, but what really peaks out at me is the NQ. Because the NQ, well, maybe not so much at support. So what are the signals inside the NQ? That is what I would pose to myself as a question. So since I've posed that to myself, I'm here. Well, then why don't we go take a look at the NQ. Let's start by looking at the 30-minute timeframe out here. What's the 30-minute timeframe show us? Well, the 30-minute timeframe shows us the following things. Price is in Wave 7, letter G to the downside. By the way, the last time we saw high out here was Wave 7, letter G to the upside. Probably just a coincidence. If we take a look at what Price is doing, it's been stretching its Lonely Hearts Club band to the downside without strength to the downside. In fact, weakness to the downside. Looks like this current bar, the one that ends at 130, could be bar number 8 of a TD set up 9 count. We don't know for sure, but right now, that's what it looks like. We know that the market's instruments can make a top or bottom of bars 8, 9 or 10. So yeah, Ian, you should be paying attention to this. No bullish reversal signal out here. No signal to suggest that now is the time, but there's potential there with regard to the short-term timeframe chart for the NQ. Let us not stop there. Let us double. Let us go for double the fun out there and go to the 60-minute timeframe chart. Well, now this is a coincidence too. The coincidence is it also is in Wave 7. 30-minute was. The 60-minute is. So we pay attention. No TD set up 9 count patterns. There is an A to B equal CD. And so Ian, this is why, before we get any type of reversal, you would not step into some type of long trade, or Stevie would not be suggesting for you to do that. Do what you wish. You may be right. But here what I'd like to see is some type of confirmation from the cavalry. And knowing now I take a look at a 60-minute chart that there's an A to B equal CD to the downside, that could easily take price to 7205. It's just, it's completion level out here. I say you've got to be careful. Yes, you're in Wave 7. Below all kinds of resistance. 7310 is the current number. That's Stevie's red line. It's really acted as resistance all evening, all morning. Now the afternoon, I'd say you'd have to see a close above that in order to get your skirt in a tizzy. To the upside, so to speak. So that's a 60-minute timeframe chart. But let's not stop there. Instead, let's double it one more time. Let's go to the 120-minute timeframe chart. The two-hour chart. And if we take a look at it, what is its signals out here? I don't see a bottom. Yes, it's got that same A to B equal CD. No reason for me to have to redraw that in here. But I don't see a bottom signal on the two-hour chart. But now let's go over and take a look at the daily chart. Let's just speed things up a tad. And what's the daily timeframe chart? Because what are we looking for out here? Well, the one thing we're looking for when you get below a swing point and look, prices are below that support line. It has been below that TD setup support line. That always opens the door for the next support area. Or what I mean is the breakout level, not number 7188. So 7188 probably not too far away from that 7205 on the completed A to B equal CD pattern order. But here's the deal, Eon Miller. That is that prices started to move lower on a daily timeframe with less relative energy. Now that's just a warning shot. A warning shot to say that the NQ on a daily basis could be forming. It's next bottom. Yeah, it's next bottom. That could just simply take price up to Stevie's Greenland of 7533. Are we there yet, Ian? Everybody else? I don't see it in the NQ. We're focused on the NQ even though the question was about the ES because it's the NQ that to me is breaking through key levels of support and so we're looking to see if there's some kind of signal there. For example, if we do the same thing, come take a look at the ES meaning on a 30 minute basis, what are we going to see? I don't know. We're going to see we are now, looks like forming a TD setup nine count out there. We're at the 1 to 2.6188 to B equal CD based on a set of swing points out here. So it says, OK, stay tuned, pay attention. If you're short, be paying attention to this stuff. Adjust your stop appropriately. Let's go take a look at the six, but Ian, no signal yet to go. Take that long side of the trade. You can see here it's more clearly on the 60 minute, the 1 to 1 A to B equal CD. We do have a bullish candle right now, but this chart doesn't complete until 2pm. But if you did get it, it could be a bottom would be a bottom signal out there. That's the 60 minute timeframe. What else are we going to look at out here? Well, with about four seconds, let's pull over the daily. What's the daily chart? Tell us if it doesn't find support where support would be where the breakout would be is the March 28th low and that low out here that number that price point. Come on. Come on. Work for us, folks. Work for us. Referring to my chart. Come on. Do this. Do this while we're still on the air. Looks like I'm not going to get there, folks. Oh, here we go. 2795. That would be the ultimate support level for the Yes. 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 trade 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. 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Now, the reasons why Ian would want to do that, we already discussed, we looked at the daily timeframe charts, so three of the four were at support out there, so that's a stronger than one of the four. And what we also want to do, and Peter wanted to take a look at the New York Stock Exchange Advanced Decline Line. We can see we're at minus 150, 470, so minus one, when you get below minus 150, Peter knows the drill. What's the drill? Yes. The drill is that that is an oversold level. What's more important than the mere fact that it's an oversold level, and you should anticipate a bounce or bottom, is really the mere fact that back on the trading day of May 13th, there was a lower closing low of that Advanced Decline Oscillared Reading, which was minus 182.99. Now, we can also see here is a New York Stock Exchange is making a lower low. Let me tell you, let me share with you, tell you that's kind of stupid, but I guess I'm kind of stupid, but let me just share with you the following. And this is really, so Ian is looking to buy the bottom. And Ian, the better outcome for you today is to keep that powder dry. I don't know if this will happen, but let me give you the better outcome. Let me tell you what typically would happen. The market closes at its lows out there. Coming into the close, you've got people that say, okay, I missed the short. I'm going to go ahead and get on that short train. I'm going to buy that ticket only to get run over by that railroad, so I'm definitely suggesting you do not do that. And we get a lower low in the New York Stock Exchange price-wise on a closing basis, but we don't get that same lower low in the Advanced Decline Oscillared Reading. That alone is not going to be your signal that that's time to get long. But what you will do is then start looking at those short-term charts. Those patterns that we just took a look at. Now, again, it may not come to fruition. I don't know what the next couple of hours of trading, two and a half hours, is going to look like, but that would be your better bet. It would also be your, so you can look at the other times where we've seen that pattern. It's basically the red lines here for bottoms, green lines at the highs out here. And you're certainly on the right track. And for those of you that are perma bears, just close your ears and don't listen to this stuff and ignore these patterns that call and identify bottoms out there. So what else is it? Well, Peter knows, Peter knows that the other element associated with this is what? You can see the spot follow till the end of the day. And that's what we're going to look at. We're going to look at a little detail about the 50-day, 1535 year, 1748. Sounds like the bears or sellers ought to celebrate. However, that's really bad news for the bears. That's bad news bears. I know there's a movie out there called Bad News Bears. It really is bad news bears. Why? Because we see those one-day rates have changed greater than 10%. What do we typically see on the following session? We see some type of ES mini countertrend rally out there. So it might be better for futures traders than it is for ETF indices type traders out there because there it's very easy to place a trade, have the stops in place, go to sleep, if your stop gets taken out and hit, you're good. Whereas you wake up the next morning, if you've taken the trade at the end of the day and you got everything just simply nothing worked out here, you've screwed so to speak. And especially so when we're so close to support the bottom of a box or the breakout area using the TD Setup 9 cone. But let me just summarize this for everyone right now. The more bullish thing is that the market ends poorly today. The spot volatility index stays well above the 50-day and has a one-day rate of change greater than 10%. The New York Stock Exchange advance the client oscillator at a higher low while price makes a lower low. And then the whammy is the ES mini. The ES mini on its short-term timeframe charts make and confirm a bottoming pattern. You got an A to B equals CD. You've got price moving lower doing less relative energy out here. These are things that are in place right now and so it's really going to be those patterns that will generate the signal. Now that may have been the long answer but I don't know any way to give you a different answer out there. So Ian and even though it's not Ian Miller, thanks for allowing me to have a little bit of fun going back to my big fat Greek wedding out there and have a great day. Okay, no other questions that we've gotten to you. Pete, did I cover everything you were looking for? You wanted, I don't know, did you? I'm trying to go back here and see what you were to ask for. A-D-E-S-N-Y-S-E, yeah. Hey, we got everything up there. Okay, so who else wants to ask a question? Please. This is your time out here and your direction really helps me to kind of stay focused. So I don't know how hard it is for me to stay focused. Okay. So what are we going to look at next? That T-bonds. Let's go look at T-bonds. We don't look at them enough to go see what in the heck they're doing. Well, first here's what we know about Treasury bills. The one thing we know is the global flow of capital wants the U.S. dollar index. Now I know in breakout city out here. Breakout city. Yeah, breakout city. How do we know that? All we have to do is see how Treasury bonds are trading in their local currency because that's, let's go, went down. Oh, Skype is down. Okay. So Skype is down. Okay. We're back. So we're back. Okay. I guess we're back in here in the last 30 seconds. I don't know what I said during the last 30 seconds. So let me just start over here when we take a look at Treasury bonds. When we take a look at this chart. Thanks, Jose. Thanks, Peter. We take a look at this chart. Here's what we know by looking at it. We know that traders in their local currency, those folks sitting in London, those folks sitting in Paris, those folks sitting in Japan, we know when they look at their screens out here, we know where they're making money today. We know where they're making money today. They're making money on their portfolio of 30-year Treasuries that they hold. Whether it's the futures, whether it's a TLT, whatever it is, everything has broken out, including in US dollars, broken above a prior swing point, which was 150, 21 out here. What's happening here? What is happening here? This is how folks in euros and pounds in yen say, I want to own the US dollar. Because if they're owning these Treasuries, they're going to, when they sell them, they're getting back US dollars. Yes. This is how you get into US dollars. It's another way. You don't just look at the US dollar index and say it's trading lower at 97.71 and say nobody wants the dollar. I beg to disagree. Substantially. Substantially. So what's that mean? Where are US Treasuries headed to? Isn't that really the question out here? Well, other than saying they're headed to the moon, Alice, I think what we have to do is take a look at the quarterly. See if we can do this here quickly. Can we do it quickly? Where's the top of that quarterly box? 151. Really, where we're trading right now. 151.07. We'll be right back. The TFNN Memorial Day Tiger Dollar sale is here. From now through Memorial Day, you can get up to a 40% bonus on your Tiger Dollar purchase. Tiger Dollars never expire and can be used for any TFNN good or service. 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So the question is, what price does silver need to exceed to tell us that this is the start of a bigger rally? Well, the first place, John, that you and I would go look at would be the daily profile for silver. I don't recall if it was yesterday or the day before. I do recall us talking about it. It must have been yesterday where we had noticed that the bar had turned the orange. Let me get rid of a couple of these lines out here. Those were swing point levels that had been previously tested. It's now rejected those levels. But there was a new profile that formed late yesterday. I didn't see it actually until we just put up this chart here today. And that new profile, again, this is one of those unique profiles where the center happens to also be at the bottom, 1440, which tells you that should be a strong level of support. Turns out that the low today was 1440. Really? Okay, so strong support is held, but resistance is also failed on a daily place. That was 1450. But John, as you can see on this chart out here, in essence, what price has done 50, so it's proven itself to you. Has it proven itself that the greater rally is underway? And then I suppose the answer there is really no, right? And the reason why I say right is because price is traded up to, towards the bottom of its weekly profile, and that's 1465. We've been up to 1464, basically. So we're a penny away. So that penny is really important to you. You really want to see gold by the end of the week, that's tomorrow, not gold, silver, close back inside the range of the weekly profile at 1465. If it does that, then I think you have your answer that the rally will continue, but just continue. Because there is further resistance that it has, certainly those profile levels, but also in the weekly basis out here, we'd also say that it's red line at 14.85 is a real key level. Just like we looked at gold and the weekly oscillator and change line, Stevie red line has contained any price advance by the end of the week. I would say that is also what you are looking at. So if you're asking me what you were about the rally in silver, it has probably spent its juice today. It's probably spent it. It's been able to get up. It's been able to take out support resistance, I should say, the top of its daily box. It's gotten up to the weekly resistance level and maybe it just needs to pull back to try to take that on. But 14.85, that would really be the so-called magic number that I would say silver needs to close above to prove to you that the longer-term rally that you're looking for would be in place. I hope that helps you out. Our next question coming in from it doesn't say. But we'll go with why. We'll go with why. Why isn't the letter of this individual's first name? It says what do you think of platinum? So let's go take a look at platinum out here. Let's try to pull the platinum chart up on our screen. And when we do that, we're looking also at the July contract. And the question goes on like this, especially when you're looking at gold and silver. Why is platinum not catching a bit? Well, now that I can't tell you. I mean, not that I can't tell you. I can't tell you because I can't tell you. I don't know the answer. It's just simply what buyers and sellers have decided to do out here. But let's still try to type something in here. That would have been wrong to do that. Let me try this. But you're absolutely right about it's not catching a bid out here. And it really does look like platinum may want lower price. Now it's below daily, below weekly why it's trading into the swing point out here. It's actually tested a swing point. Maybe it's about to catch a bid. There was a swing point from the trading week, trading day. It's daily chart, February 14, Valentine's Day. That was at $7.95, today. $7.96, $6.60 out here. Really close enough for me, but maybe not close enough. But hey, no bullish reversal candle or anything. On the daily timeframe, any other patterns that might be out here, certainly there's an A to B equal CD. So we can see that that would look like this if Steve is going to draw that in. I'm going to draw on the conservative one. So we see here it's completed the one to 1.272 today. And so why if you're looking to go ahead and make a purchase of platinum ETF futures contract, wait for a bullish reversal candle to then signal that it's okay to buy the D point. Otherwise, what I'll be looking for on a daily basis, the actual breakout or one of the breakouts inside of platinum took place on February 15th. And that low out there see if I can give you that number. That low is $7.85. That's your downside target. You don't have an upside target yet because we don't have any kind of bullish reversal signal on the daily timeframe. And we're below all profiles daily and weekly out here. If I look to the weekly timeframe charts for platinum, I don't have any good news. The news there is that price wants to pull back to September 14th, 2018. And that level is $7.7670. So that's another what $30, $33 or so to downside. So that would be an area that you could look at targeting for a potential buy as long as a bullish reversal candle doesn't come in and confirm that by the D point of that A to B equals CD to downside. But I really have no idea why traders are buying one and not the other. I don't really know. And yeah, Peter, you're right on a 60 minute basis prices right at a TD resistance level out here at $12.8740. So kudos to you. Price has not taken that area out. We don't really have the topping pattern per se other than an A to B equal CD that it did, but no bearish reversal signal doesn't mean price won't pull back, but you're absolutely right that there was a resistance level that was $12.8740 out there in the case of gold. So why I hope that helps out with regard to that. Platinum, I'd probably just be more focused on Platinum and its chart if that's what you want to trade out there. And I hope that that helps you out. So thanks for writing in. Hey, by the way, folks, before we get to the end of the show, I'm inviting you to a special engagement. It's early bird. Early bird catches the worm and tomorrow we're going to go catch a lot of worms out there because I'm going to do the show from 8am. Yes, 7am to 8am live. So it can be recorded. So you'll be listening to the show if you're just listening at the normal time between 1 and 2, but I'd love for you to join me live. I'd love for you to have some questions in the morning specifically because this way you'll see how futures are trading, how anything's trading. We'll go take a look at the chart patterns at that time. So tune in for a wonderful live version of the show tomorrow at 7. That would be 4am on the west coast there. So if that's what you're going to do, get to sleep early. For all of you folks in Australia and Asia, that's a wonderful thing because it's Friday evening, 7 o'clock. You'll be out at the Barbie, so to speak out there. But in any event you can, hey, plug us into the screens at the bar that you might be at and display at TFNN. We would like that. Let's get to Phil's question here already. Phil writes in a Steve interview. What's your outlook for HDB? HDB It's an Indian bank and so there's a bunch of gaps out here certainly because of currency conversions, but let's try to answer Phil's question. What is HDB doing? Be right back Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion 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. 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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 8 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. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction and the need to detox. 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Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back folks. Dow's off 414 SNP 46. So back to the Indian bank HDB HDFC bank limited. And as Phil pointed out to us folks we're going to ignore the gaps on the daily time frame chart. We're going to ignore the temptation to say hey, isn't that an island top out there because of the currency conversions. It's not really appropriate to even look at those gaps and try to identify support resistance things of that sort. But in taking a look at HDB one thing we do know if we just look at market profiles this says bullish across the board. Why? It's above the top of a daily a weekly monthly and a quarterly profile out here. But we don't stop there right because what we know about market profiles is they are not leading indicators. They are great tools to help us identify levels of support or resistance that we wouldn't ordinarily see. They provide us with those boxes that allow us to understand where that point of control is. Is it in the center is it closer to the top or the bottom the proximity of that center line is very important in helping us understand the power of a breakout or a breakdown. But there's never going to be a leading indicator tool. We use it in combination with other tools so speaking of those other tools and this is what Phil was asking for what are the other tools really tell us out here. Well if we look at the daily time frame what the other tools tell us in and by the way this made a new all time high did this a couple of days ago May 21st out here. But when you make a higher high that's never the problem. The problem is when you do it with less energy and you just have to think of it like this you're kidding yourself you're kidding yourself if you're at the gym and you're doing curls and normally you know your max out I don't know you folks out there you probably curl like 60 pounds in one arm you know and you're probably doing reps of 15 but you don't want to kid yourself when you get up to that 15th one and you've got to shift your body all around you think it's hey Phil the answer is this is giving yourself signals it's as simple as that it was yesterday's bearish engulfing not today's gap to the downside looks like this one slower price probably targeting the top of the daily profile 1395 folks will see you tomorrow 7 a.m. or the archive show you'll hear from one to two have a great day take care