 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks welcome to the terrific Tuesday the February 6th 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 enough. There's 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 do 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 am here to serve you so feel free to pick up that phone dial on it at 877-927-6648 Now if you've got a question, but you can't call in we've got your back You can always send me an email send that off to Steve at tfn.com Please send that off early and of course inside that Subject heading if you'd be good enough to put radio show question Of course if you're inside our Tigers then well then any and every ping will 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 the show right now We got a mixed bag out there. The mix is looking like this. You got the Dow up 74 points the S&P is flat It's up to Nasdaq one or down 52 Russell's up 10 some eyes down 49 trend is up 326 that is a mixed bag You've got gold up about 10 bucks Silver's up 11 pennies You got the US dollar index which is trading just slightly lower down 12 ticks if we take a look at lights We could it's up 35 pennies natural gas is off 5 cents 30 your Treasury printed out 120 21 That's up 17 ticks out there. Lead in the charge dollar wise the upside You've got Toyota motor up 18 bucks. That's 9% Spotify 15 bucks 7% micro strategy 16 bucks 3% Lynn to PLC nearly 4% move 15 bucks and Willis Tower Watson up 13 bucks That is a 5% move our shakers to the downside Mercado Libre a 5% 87 bucks fabric net of 23% 52 bucks Madrigal pharmaceuticals 42 bucks 18% alpha metallurgical resources 9% 33 bucks and Decker's outdoor a 25 point move to the downside. That's off 3% We got some movers and we've got some shakers, but let's do this Let's start off. We take a look at the weekend to see out here. Let's go ahead and we'll change screens Momentarily we'll go to over to our white background screens Then we'll switch it over and take a look and see if we can figure out what's going on inside the NQ Eventually we'll get back to CCJ, but the first request not really request But just if you want to go take a look at what's the week in to see doing here and that would be well It's the semis will take a look at the semis as well and the NDX 100 We can see there are two intraday bottom patterns. Those are coming from the 10 minute and the 15 minute Those are your lower right hand screens out there We've got both a roadsman to indicator patterns We can see the 10 minute is done with potential resistance at 17652 if price can close above that We should see a move up towards 17667 if price can close above 17667 We're looking at 617 683 and a close above 17683 That'll take us up towards the 177 67 level. That's the progression if you're a quarterback That's the progression as you're taking things off You're taking a look at we know where the defense is at it starts with the red oceler and change line at this stage here If we take a look at getting past the 10 minute chart, where's the next level of defense? That's on the 15 minute red oceler and change line and above that We have the top of those profiles and then above that we've got the TD 9 count breakdown area Likewise, if we close below this morning's low out here that low that I'm referring to is when they came in at around 10 30 in that 10 30 time frame and that's down at 17 590 825 if we get a close below that we're likely headed to 17572 and it would be a close below 17572 now I'm looking at the daily time frame that would signal move all the way back to 17351 Those are our progressions for the week equity future contract right now Let's go do the same thing and take a look at the semiconductor index So here we'll take a look at the multiple time frames out there I believe that this set of charts should pull us up there. We go perfect. So in the daily time frame Let's start there upper left hand top or left hand You've got a rose mint and indicator top bearish and coffee and candle at us all time Hi take a look at the 195 minute chart somebody might say 195 what do you what are you drinking this morning Stevie in your tea? Nothing 195 minutes you can take out two of those and that makes up a full day of trading We like to have our bars not the ones we go to for an adult beverage But we like to have the bars that we take a look at on our screens like them to be equal equal in time That way our technical analysis is a little bit more accurate So here if we take like a hundred and eight five minute chart out there We can see the price found resistance bounce right up yesterday into its TD 9 count breakdown level at 4405 That's where it should have found resistance on a rally If we take a look at the 130 minute time frame chart right now prices below its green us that are in change line If it closes the hundred thirty minute There's 330 minute bars by the way this one here is going to close at 1140 if price does close below 43 61 That's a gesture indicates that prices lost its momentum and we're likely to see lower lows what I don't see out here Well, I take that back. So we had a 10 minute bottom inside the NQ We've got a 10 minute bottom inside the semiconductor index bottom. I don't see any kind of bottom pattern You're right. Well, you do see as you see to TD 9 count breakout levels 43 28 96 43 28 78 Let's just call it 43 28 and could see that price got back there It's been tested a few times and that has held getting back to where price broke out can in fact be a breakout level Likewise a closed below that 43 28 area is going to suggest that we have lighter price So our lower price out there. So you've got the parameters for the semiconductors You've got the parameters for the NQ out there life is good So let's go take a look at our first request the first request coming in from Ron E This came in yesterday and Ron wanted to take a look at the KRE that is the regional banking ETF out there and Ron's question is is this likely to get to a price target of 37 35 my oh, that's not it What the heck? What did Stevie do well, I know we're gonna take with soybeans, but this was not the place to do that Let me get the KRE up there. I must have yellow I think I know what I've done and I'll have to undo that after the after the show today But let's take a look at the KRE regional banking system right now trained at 46 91 So here's the question again the question from Ronnie is well price get to 37 35 as you look at these charts as you go Through your progression because these charts just simply identify Levels of support and resistance as well as bottoms and tops out there So what would your response to Ron be with regard to where is the next likely stop to the downside in the KRE? Is it 37 35 the answer that question is no Why is that answer that question? No, because if we take a look at the daily time frame chart out here Well, we have his breakout support at 44 46 So our response to Ron would be the first downside target I do see an A to B equals CD pattern the B point was on the trading day of January 17th volume It was 14 million shares when it was passed. It was passed with 56 million shares So now you have a confirmed a to B equal CD that should take us down towards that breakout level probably doesn't get us all the Way down there. Let's take a quick peek at this looks like it's already done the one-to-one move out there Well, I'll just use that as an estimate for the time being yes So it's done a one-to-one. So what you're also looking for here, Ron We'll come back to the KRE as soon as we come back from this break if you were to see a bullish reversal candle Then you get a garly by pattern. We don't have that at the stage here Steve Rhodes with TFN. 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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 Basel 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 Basel 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 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 it 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 TFNN has launched the Tigers in 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 Tigers stand available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of Traders just visit the front page of TFNN.com Toll free at 1-877-927-6648 internationally at 727-873-7618 Good back folks. Let's get the proper charts up on our screen. We're taking the KRE out here So we've identified First of all the question with regard to a price getting 3735 the first level of support that that this is going to deal with is Going to be well I take that back really the first level of support is really at the top of its monthly profile And so that first level that price got to get through is 4684 if price can close below 4684 then we'd be looking at 4446 a price close below 4446 and that would bring the 3883 level that would get you towards that 3735 Range out there But you've got to go through those progressions as we speak right now And again be on the lookout if you were to see some type of bullish reversal candle run that would generate a gertly By pattern you would not want to be short Dizzle inside the Tigers then went short silver Stevie says why would you do that and the reason I would say Why would you do that we're going to change will can change a couple of screens out here is because silver was back at support So when we took a look at the do I have it up? We took a look at the At the 11 a.m. Update out here. In fact, I'm going to switch screens I'm going to go back and forth because I guess this was in the room when I posted this chart on Silver so I want to make sure that we all take a look at that and that's going to be coming from that market update chart So here's the chart for silver we take a look at this market update Here's one thing that we know does so we can see that silver is trading between a rising and a falling a trend line Rising to falling trend lines out there What we also see is that silver traded back into and found support where it should have found support in his buy zone The buy zone is between 22 37 and 22 54 So that would not be the time to go short out there even if price closed below 2237 I would still say that's not the time to go short You don't really have the reward risk now if you're trading a five minute chart or something like that Then that's a whole different scenario out there But if this is some type of a position trade out here, I'd be careful I would definitely be careful because price wasn't able to bust it to the downside So what's silver likely to do try to bust the upside get into that trend line out there So if you're going to try to sell short silver, I'd recommend the upper trend line or maybe the top of its profile 23 21 So that was first chart But let's go back and like take a look at the intraday charts the other charts that steve has for silver We'll get to those momentarily those are in your upper right hand corner So let's go into the shortest time frame that steve has out here and that would look like that is a 30 minute time frame chart So we take a look at it The only reason to potentially go shortest because price got back to a prior swing point That was a swing point from one in the afternoon. That was yesterday and that high was at 22 54 We got up there. We didn't take it out. I don't think we did take it Let me just move over here That close on that last candle was 22 55 Well, we did take it out by just a penny I'd just be careful because you're above resistance out here at the top of its profile You're above that red offset or change. I know Yeah, I just be careful. That's the shortest term chart that I've got out here right now is the 30 minute Um, yeah, I don't even have it on my other charts to go So let's just take a look at what these other intraday charts are signaling to and I I'm going to take a look at a 60 minute time frame chart We've got a roachment to indicator bottom out here. Then we have a retest of that low This suggests that silver wants to make a move to 22 68 Um, they've got a td9 count on the 120 minute time frame chart Your price is able to close above the top of its bearish structured profile Here's would be your here's here's where the sellers are located. They're between 22 46 and 22 54 So if you are in it for a very short term time frame Well, I still don't see that Other than that 30 minute getting back to a prior swing point and maybe pulling back a bit I've reconsidered that short trade out there. Does it but that's just that's just stevie You asked for my opinion I share with you the facts as I see them and then you've got to make the decision on your own So I do hope that helps you out and as always. Thanks so much for the request out there Let me close out these silver charts and then we're going to go take a look at tesla for john c and what we're looking for here I'm not sure what john is asking about but I think what we're looking for is a Is whether or not tesla's forming any kind of bottom So if you give me a moment, we'll get back to we'll get to those charts. I just they're further up on my screen Let's see. It should be I believe That was kre this should be tesla out here. So now we take like a tesla. Oh Speak of the bullish reversal candle and a road's meant to mitigate her signal. It was triggered yesterday So john c I don't know if you're looking to exit a short You're in a short You're looking to go along what you'd love to see today is a bullish reversal candle. Now you have it at 11 22 am 11 22 is not 4 p.m. The question is what does that candle look like at 4 p.m Now, even if we do get a bullish reversal candle, which would confirm a road's meant to mitigate her bottom And it could turn into a sling shot It won't get into a sling shot mode until we get a close above that red oscillator and change line We have not seen price trade above that since Um, which yeah december the 27th out there what that would tell me That would tell me if we get price if we get a confirmed bottom pattern That's a road's meant to mitigate her and we get a close above that that would tell me we have a change in trend Now that change in trend as we speak right now could Only be a counter trend move and that counter trend move If that's what it turned out to be would run into resistance between 202 70 and 206 48 If those profiles fall off to the side while price is trading higher, then we have a totally different Uh conclusion or uh interpretation and we'd have to take a look at what those profile levels where they form What they're communicating to us at that time, but right now as we speak You've got the weekly chart that's made its way back towards its breakout level. That was at 164 35 We're still inside the monthly profile. It's got support at 144 38 to 165 67 So you got a bullish piercing candle as we speak as I said You could get a confirmed road's meant to mitigate her bottom and then you want to watch out 187 and change right now It's 187 they call 187 50 if you get a close above 187 50 odds favor You're going to see a rally that rally should take us up towards 202 70 to 206 48 So john c i hope that that helped y'all in that review of tesla We had a request to go take like a tickle symbol a r qt So let's pull that up on our screen out here. That is for tarpon 2 a r qt Um is what i'm not sure what it is. Uh our Qtis biotherapeutics and our qtis biotherapeutics Completed a td9 count top yesterday tarpon 2 You know the routine you know that routine price should pull back to where it's oscillator and change line Where's that printing? That's at 577, but at 567 you've got profile support So a td9 count top your price would have closed below 567 I take that back that is not the bottom of its profile 567 is the center of its bearish structured profile Well tarpon 2 you know that game plan and that's if we see a Close below that preferably two consecutive closes below 567 odds favor when you close below the Center of a bearish structured profile sellers have the energy To push price back to support and that support level would be between 330 and 360 now You've got a td9 count top on the daily You've got a td9 count top on the weekly chart out there and the monthly is doing its own thing So the weekly chart is saying I could pull easily all the way back to 282 One step at a time and right now not until you see a close below 567 Um with that uh suggestion of that really further deeper pull back really come into play out there That's what I see when I take a look at our cootus Biotherapeutics so tarpon 2 I hope that that helped you out Somebody wanted to take a look at ccj. It might have been jimmy. I didn't write down the name my apology But let's well that's not it That's a tlt. I know that was a request too But let me put in where did I put ccj then doesn't matter. We're gonna put it right here So let's put in a ccj. Kamiko. Is that how you pronounce it? Kamiko Kamiko kamiko corp out here trading out right now at about 48 23 So what do we know? Yesterday generated the roadsman to mindicator top Why did it do that because it generated a bear sash candle that has taken price back towards um Support of course there's a new support level today brand new profile out here So what we've got out here jimmy d is a profile that's got support at 45 89 the center is at 48 27 48 30 you're 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 Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn. 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We're taking a get kamiko corp out here ccj is the ticker symbol We know that yesterday uh or two days ago really it formed a rogement and indicator top There's a new profile that is formed So we have price that is trading with inside that profile in its city right now at the center So that is a potential level of support at 48 30 your price closed below 48 30 would be signaling to you and I Jimmy that it may want to get down and test that support area at 45 89 If I look at the weekly time frame chart, I don't see a topping pattern Let me see the if there was a wave seven top out there So I take that back but price is above its green oscillator and change line That tells you on a weekly base the intermediate term time frame We've got a rising price oscillator above zero and those are bullish conditions because it has a top We've got to go neutral So we're slightly bearish on the daily we're neutral on the weekly and the monthly time frame chart Is going to confirm a td9 count top this month and complete that pattern next month in the month of march out there So the best I've got for you on a kimiko. This looks like this might be day number three of consecutive moves lower You got that new profile odds favor move down to 20 45 89 So I hope that helped you out jimmy d and thanks as always so much for the request out there I guess lastly if I look at that 30 minute time frame chart, what's it signaling to you and I td9 count rosemont to mitigator top Price just consolidated with inside profile supported 48 15 resistance at 48 49 fairly tight range out there In the intraday signals. Okay, let's go to our next request, which was to take a look at Um the tlt the tlt and bonds again. I didn't write down who made that request He's what was steve doing the tlt Yeah, I didn't write that down. Sorry about that, but it doesn't matter But before we do the tlt, I hope you don't mind we're going to go take a look at the 30 year So let's go take a look at 30 years. See what kind of signals we have here if you give me a moment We'll get over to that Pretty year 30 year. Here we go. That's what's going to pop up on our screen This way we get the daily the weekly and the monthly monthly's got to confirm Rosemont to mitigator top with price consulting with inside his profiles td9 count bottom and a td9 count top on the weekly basis Out here, um price looks like it wants to get down towards the 118 15 ish area That's what the weekly chart is telling us now in the case of the daily time frame This is important price is pulled back into its buy zone So the buy zone for the 30 years between 1923 and 127 out there and price right now is trading above the 127 level if it closes above it odds favor move up towards a 121 Let's say 16 or 17 area out there That would be that green oscillator and change line And if price can close above that then he'd be looking for move to the 123 15 level That's what I see when I take a look at the daily time frame chart on an intraday base I got a 240 minute td9 count bottom I've got a 60 minute td9 count bottom out here And I've got nothing on the five hour time frame chart if we go switch over to the tl So you've got intraday signals supporting what we looked at on the daily time frame That is suggesting that price wants to move higher now Let's go take a look at tlt see if we can apply any of that information to it Give me a moment if you will to get to those tlt charts I've got to skedaddle up to the top of my screen here and find where I put the tlt I think it's right here And it is so in the case of the tlt you've got a ball of structured profile We would see a close below above 94 46 would suggest to move to 95 27 above 95 27 You'd be looking at 95 72. No, I was not dyslexic It was 27 and then 72 out there and a close above 95 72 We'll get us up to 97 27 out there boy Like says seven and the twos and the twos and the sevens out there The weekly time frame chart your below profile would suggest moving to 92 84 ish out there in the weekly monthly chart Your below profile as well 91 38 would be a likely target to the downside But right now in the daily time frame looks like we're getting ready for a bit more of a rally out there So I hope that that helped whomever it was that asked about the tlt in the 30 year I hope that helped you out the next request is to take look at apple and microsoft now for that Stevie's gonna pull up his ndx 100 charts and we'll switch screens here So momentarily we'll get over to that trading the ndx charts. Let's go change screens out here Hopefully I can figure out what screen it is I think I can I know I can I can't see that there we go. I think this is this one right here Hopefully what we see is apple we do so your question is about Apple so it's expand out the app. I'm not going to show the date the weekly in the monthly time frame chart just the daily Here's what we know about apple. What's that apple is trading with inside a brand new profile Now it's trading into resistance right now. You can see that dentists is dentists from west palm beach And you can see prices trading right into potential resistance. That's the oscillator and changeline That's printed 188 89 We're at 188 83 If price can close the day above 188 89 odds favor the price will target the 192 87 level 192 87 is the top of its new profile If you see it close above that then we're looking at move to 197 68 To the downside the price is unable to take out that oscillator and changeline You couldn't see price moving back to support that is between as at 182 65 Now what I want to share with you about the new profile that is formed in apple It's not a guarantee But it does provide you and I with the information that we need to kind of get a feel for what it's communicating to us And what it's communicating to us is this profile the bottom of the new profile above the bottom of the old profile The top of the new profile above the top of the old profile That suggests that apple what it does from a profile standpoint is it wants to rally But use tv's oscillator and changeline as that key level to be watching and observing Let's go take a look at microsoft see what microsoft is doing Microsoft has a roadsman dominicator signal. That's the only topping signal that I see That has not been confirmed because we do not have a bearish engulfing can bears Reversal candle doesn't have to be a bearish engulfing candle, but what price is doing It's also trading with inside its bearish structured daily profile and they close again below 406 63 That's the center of that bearish structured profile It would just simply increase the odds dentist of a move back to support further support We'll be down at 33 95 76. That's what I see when I take a look at the charts for both microsoft and for apple out there Dennis, I hope that that helps you out as always. Thanks so much for writing in Let's go to our first caller. It is brent in martinez california Brent, thanks for getting up so getting up so early with us. How are you this morning? I'm doing well. How are you? Excellent. Thanks so much for asking. I believe you want to take a look at ticker symbol S Y M. Is that correct? Yes, symbolic. I don't have a position. I just I see it's gapping down today. It's it's actually going into that gap. I think it might already touch the bottom Of that one from back in november Okay, yeah, but it looks like today might even probably match and maybe exceed that Yeah, I mean so the vault if we take a look at the november 17th January 17th, so I haven't gotten to november But let me take a look at what it's doing right now And that is that price is dealing with a hammer candle from january 17th that hammer candle did volume of 962,000 shares out here so far today for s y m We've got a total of uh 4.5 million shares So we've got 4.5 in about two hours of trading that gives us about 9 13 14 15 million shares going against 962,000 shares. Holy schnikes. What's up with this thing today? You know, is there urneys report or anything? Yeah, they're earnings. Yeah, so I don't have a position like I said I it's one I've been watching that kind of came to my attention basil was the one that you know has talked about it and I have interest in it. I'm not going to do anything at the moment. I just was wondering what kind of levels would be, you know I mean, I guess this could be what I don't know what that retracement was, you know, that might have been Enough that I mean, I don't think it's too much. Maybe it's about right for a b equal cd down Well, let's let's come back to that. Let's yeah, let's come back to that when we get back to this break here Brent Because I've got to do a to b we'll see the business to 3181. We'll come back to this break We'll take a look at those patterns and just a few 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 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.com tfnn educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs Directions daily s&p 500 bull and bear leveraged etf's Direction leveraged etf's an investor should carefully consider a fund investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus Call 866-476-7523 or visit direction investments.com A fund's prospectus and 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 ticker symbol sym we're doing this with brent in martinus california And what i've done is i put my black background charts up on the screen for us brent And today we can see the price right now It's trading below the bottom of a daily profile the bottom of that profile is at 40 10 you close below that it gives us a change in trend signal But more importantly price is trading below the swing point from january 17 again that swing point at 962,000 shares you can see we're already 4.6 million So if price closed below 39 43 it'll generate a confirmed a to b equal cd pattern to the downside Retracement here was about a 0.618 retracement The one-to-one price move would give us an initial price target of 3181 I would say the way you come off of a c-point brent is really important and this gap down with volume Tells you and i that this should do more than the one-to-one move to the downside So shareholders are telling us that price should get down towards the 26 26 level that gets us back into the september timeframe There's a september swing point for september 26 volume there only 686 000 shares out there So that is the initial target area as we speak right now Retracement wise from the most recent low that's on the daily timeframe from september's low up to the most recent high That would be from november 28th We're almost towards a 0.786 retracement level there So that's what i see are your eyes looking at something different that i can you know take a look at No, i think that's it steve pretty much touched on what i was looking at and i just i appreciate all the numbers that you provided That's that's definitely helpful Good good. Yeah, so i i'd wait that sit back and wait on this one And uh, you know as it starts approaching at 3181 26 26 ish type area and you get a bullish reversal candle You'd get a gartley by pattern for uh, symbolic I don't see anything brent when i took a look at the weekly and the monthly timeframe charts, uh for us So i think it's just the daily a to b equal cd. Is there anything else that i can do for you? If you wouldn't mind as quickly look at the s qm again, i i think today is bar nine On the daily, okay, that's when we look at bar to bottom in pattern and it's uh Yeah, so let me yeah, so uh sam quinton Matthew Yep, but i'm going to go ahead and change screens here We'll get to our white screens out there you mentioned the td nine count So it's just loading as we speak right now So give us a second here for this to load again s qm trading net uh 40 66 Trade above yesterday's high giving us a change in trend kind of a signal out there And there's a new profile that is formed brent. So you may want to write this down It's a bullish structured profile the support or the buy zone would be between 39 47 and 40 44 It closed today about 40 44 would suggest to move up to the 47 25 level I say it would suggest that but first it would have to deal with that red ocelot and shine's line That's been a real key level of resistance. So i would say if sociadad Quimica is going to give us a real change in trend signal We need to see a close above that red ocelot and change line at 42 94 Today is going to become bar number nine and that's as long as as price closes below the close of bar number five Which was 4207? So as long as price doesn't close above that you've got a td9 count bottom that will confirm And then you've just got those resistance levels to check off on a weekly time frame If this were to generate a weekly bullish reversal candle You would have a roadsman dominicator buy pattern the monthly chart says that this wants to get all the way back To its breakout area and that's at 25 84 out there But the daily right now that's the one that's in control here because it's got that bottom pattern The question becomes Brent can it take out resistance and those two levels again being the ocelot and change line around 42 93 Let's just call it 43 bucks and change and if it can get above that you should see move up to the 47 25 level Is there anything else on the sqm that uh, is there something else that you're looking at? No, thank you so much. I really appreciate it. I just wanted to get a quick take on that and you certainly did that so Perfect much to have a great day and and if I don't talk to you again, just have a great weekend and a weekend as well We'll do and thanks so much for the call. That was brent in martinis california So we've got a request to take look at n bitty as well. Oh, wait. Uh, no, okay. Yeah, so i'm gonna go back to n bitty and amd I don't think I have a lot. Let me see. I might have I might have gotten a chance to do that No, I don't think I did Let me one second or just check one more thing out there folks and No, I don't so let me just go back to that first screen out here And let me just start firing away. So n bda is a trick or symbol this will take just a moment to populate This is from tim. I think tim just wanted me to take a look at it So, uh, let me also make sure i'm on the right screen. Yep. We got the way background screens were good So in the case of n video, uh, you do have a bearish reversal candle today Now, what is that? Confirming it looks like there's an a to b equal cd pattern on the upside and there most certainly is so Um, it's a it's more than a one to one. That's for sure So you can see there's the a to b equal cd. We're quite extended here But nonetheless, you've got a bearish reversal candle today And that would suggest with this sell the d-point pattern that we should see price pull back to its oscillator and change On that's at 6 5190 Now we're at its all-time high out here for n video if this were to gap down tomorrow That would create a sell the d-point pattern with an island top out there I'm not saying that's what it's going to do But that's what it could do out there the weekly time frame as we take a look at n video You'll see that bar number eight is forming that says you could see a weekly td nine count top between this week And two out from now and the monthly time frame just looks strong like bull so, uh How do you they got it looks like you're gonna get a sell the d-point pattern and price should pull back to 651 and change out There that's that oscillator and change line. So what's the caution about that being the likely outcome? The caution is let's open up its dance steps out here So as we take a look at n video certainly coming off of the lows here in uh, january What we have seen is a one two bar pullback And that's it We've seen a couple of one bar moves out there So today is going to become bar number one So if if n video wants to remain really bullish, you won't see more than two Max four, but I'd say two to three consecutive moves to the downside out there So I'd also be watching for that tim. Hope that helps you out with regard to n video. You also want to take a look at amd So let's get amd's charts up on our screen Uh amd is going to take a moment for these two up populate Am well not too long 166 57 or so is what is trading at so in the case of amd We have a rogment dominicator top that formed yesterday It formed because we got that bearish reversal dark cloud cover prices right now inside its daily profile So the support range here is between 153 and 162 31 likely that 162 31 is at least the next target to the downside We can see that at 157 57 is the weekly oscillator and change line We do not have a topping pattern in the weekly time frame, but that would be a level of support on a further move lower out there um Today is going to be the second consecutive lower close Inside of amd if we take a look at its dance moves out here It typically doesn't exceed a three bar move. In fact coming off of the lows from back in october. We've seen one two three three We've seen three three bar moves and we've seen one two bar move today is also going to be a two bar move So amd should be getting ready to form a bottom either today or tomorrow and at least give you at least a one To two-day rally out there. That's what I see when I take a look at the amd charts out there So tim thanks so much for writing and hope that helps you out Well, we got a lot of stuff to get through in the last two minutes Uh asp n s o x l e n b x lily and oprah Stevie's going to do his best to get through that You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets That he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com Educating investors Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems Strategies and techniques. 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So why wait tune in live to tiger tv and transform your trading journey Because when you know better you invest better join us and experience the difference today tfnn educating investors Folks so nicolas wants to take a long position in aspn We took a look at this a few days ago said call back either monday or tuesday And why because that td9 count bottom you're going to complete a td9 count bottom pattern today It looks like you're also going to complete a wave number seven That's as long as price is not ticked below yesterday's low at 10 75 So you got the buy signal that you wanted i'd put my stop underneath the uh the low of the pattern That low of the pattern is a 10 75 or i'd really make it 67 cents of the 10 day Average true range. So i'd take 67 cents multiply times 1.618. I'd make that my stop out there But I would stop out if you saw a close below this td9 count bottom out there So you've got what you need and you've got your bottom pattern and I would say go ahead and fire away That's on aspn tom g wants to take a long position inside the socks. We took a look at the socks out there I believe they were suggesting lower price if I take a look at soxl right now Price is dealing with the bottom of its daily profile and presumably a close below that Would suggest lower price that being 33 25 So watch that price is moving into a swing point from back on the uh 31st of january 85 million shares Right now today you've traded 33 million shares. So you're moving back with some pretty decent volume out there Similar not the same as but similar to that swing point So and you could get an a to b equal cd to the downside. So I'd hold off right now an soxl As I see it on the uh two hour time frame chart as an example This generated a td9 count top right now. It's dealing with profile support It looks like it's going to close below that 31 95 is the next price target for soxl to the downside Let's go to our next request out here. I'm not going to be able to get through all of them My apology what I can promise you and I'm going to promise this to Um, uh, elo joey d michael and pennington nicolas I will absolutely get to your request uh first thing tomorrow morning But with regard to envx out there bob, you're generating a roadsman to indicator bottom Price is trading into its cell zone right now. That's between about 974 we're trading and 1017 out there So you've got your bottom pattern the questions can price take out resistance and it closed above 1017 You should see 1240 over time folks. Thanks much for joining me on terrific tuesday Please have a terrific one yourself stay tuned for all the great programming I'll be back with you tomorrow on wonderful wednesday. Take care. Be safe out there