 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 afternoon, folks. Welcome to the January 9th, 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. And we've got a lot of requests already in the queue. So we're going to get to this show rather quickly here. Right now, we've got the Dow trading up 185 points. S&P 17. NASDAQ is up 55. Russell is up 3. New York Stock Exchange is up 47 points out there. So everything is looking mean and green to the upside. Spotball of Tilden Eggs. Trading out 1290. We'll see where that is targeting. You've got gold off 8 bucks. 26 cents to the downside in silver. Light Sweet Crude is down 22 pennies out there. So I want to look out, of course, what you want to look at. You can always give us a call. 877-927-6648. If you can't call in. Well, we've got you covered. We've got seven emails. Eight emails already lined up here. So we would love to hear from you that way as well. Steve at tfnn.com, please put radio show question inside the subject heading. Of course, in our Tiger's Den, well, any pain will do. So let's go ahead and get this show started. Guys in the Den production room, just confirm for me if you would that you can see my chart, my black background chart with all of the data flowing out here. So you see them. Okay, great. Because there's some definite problems with my Skype feed as we speak and hard for me to tell what you're really seeing. So it looks like we're all good there. So let's go ahead and get this kicked off with the requests out here. Want to be able to get through each of these requests out here. So the first one coming in from Mike H. Mike writes in trying to go along F-C-E-L in the 185 range. So let's immediately move over to our three time frames out here for fuel cell energy out here. Right now it's trading out at 223. So you're looking for about a buck 85 as a potential buy. Also, would you kindly convey your thoughts around attempting to buy near earnings dates since earnings call is Tuesday? So here's, you know, I think what I, to answer that question, it's really like, hey, what's the condition of the stock? Is there some kind of message that the stock is going to give you? In other words, usually the market knows something a little bit ahead of time. So I think, Mike, all you can do is take a look and see, you know, what are the patterns that are present at that point in time, earnings time that is, and you just go from there. Here's what we know right now about fuel cell. We can see that price is trading with inside its TAS market profiles. Now it's a rather wide box on the daily time frame. It's a bullet structure box out there. This would say, Michael, that your entry point, if you were going to use your profiles, that would say your entry point would be between a buck 19 and a buck 62, not a buck 85. The weekly price is trading above the top of its weekly profile, way down there at 85 cents. And where price is struggling right now, so the resistance level monthly time frame comes in at 236. You're trading at 223 right now. So if price, and it's, you know, so we don't know if this is just simply trading with inside a range, right, where 236 is the top and the bottom, you know, could be 38 cents right around there. So that's what the signals are, just with regard to support and resistance for our TAS market profiles. Let's go look at my other daily time frame chart out here, see what it says for fuel cells. So in this case here, what we know, Michael, is that this formed at the top with a TD setup 9 count. It did that on the trading day of January 3rd, since then price has pulled back. What price has not pulled back to do yet is test TV's in line. And that's in a buck 96. So I don't know if your buck 85 was originally a, and we looked at it was where my oscillator and change line was at that stage of the game. I don't know. But that really needs to be tested in order to be able to tell you or I whether there's a likelihood that price would run down to the buck 19 or the buck 62 level. So you've got, in essence, three levels to enter on this. You've got buck 96 right now, buck 62 and a buck 19 with regard. And we know that the monthly is up at resistance. So while it's at resistance, I would be waiting for this to pull back into those areas on the monthly timeframe chart as well. I don't really have anything that's showing up as a top or a bottom or anything along those lines. You can see that this is a equity that's just been pounded. It must be reverse splits. I don't think this thing ever sold for 700 bucks a share out there. So, yeah, so like this thing may have, may be getting to change its trend. You know, based upon what we're looking at in the daily timeframe, the bigger picture doesn't look so great. The weekly picture says resistance at 352. So I wish I had more information than that for you, Michael. You know, if you've got earnings coming out next, I don't see a real tell here, right? Price is up in resistance. You were going to wait for buck 85. I've given you some other levels to consider out there. That's about as good as Stevo can get on fuel cell energy out there. Thanks for writing in. Bill writes in and he says, can we take a look at Gulfport Energy? So we most certainly can. That is going to be ticked as some of GPOR. So let's go see what it is doing. Well, maybe that's not. Well, maybe it's just me. GPOR. Let me... I had GBP. Got it. Okay. So GPOR. Sorry about that, folks. Now we'll get up Gulfport Energy. We're going to be looking below the bottom of its daily, weekly and monthly profile. So we've definitely got to go find some type of bottom here. Let me read the question. Could you please take a look at Gulfport Energy looking for signs of a bottom? Okay. Well, there you go. So from a profile standpoint, we don't have it there, Mr. Bill. Not that this is the same Mr. Bill that's in the Tiger Stamp, but we don't have that bill. So let's go take a look at what Gulfport Energy could be doing out here. Today is going to be the day after bar nine of a TD set-up bank account. So if there's going to be a low bill, it would be today. Now, if we go take a look at this daily type frame chart, we can see price is also trading back into the area where we saw the bowls before. That's on the session of December 4th, a bullish engulfing candle. That's on the sender, the session of October 4th, another bullish engulfing candle. I would wait. We can see that Stevie's Green Line turned red a few days ago. There should be a countertrend rally over the course of the next many days. How many I don't know, but we should see price and net catch up to each other. But I don't have that. Other than a TD nine, it's got the potential for a bottom, but I would wait and hold off. I would just take a trade just because that pattern shows up. I'd want some additional proof out there, especially with a price below all levels of support and a falling price oscillator below zero on the daily time frame. On the weekly time frame, it says 204 would be a place to consider, but we'd have to see what's going on with the, that's the weekly time frame. On the daily charts as well, if that were to unfold. On the monthly time frame, as we take a look at Gulfport Energy, no sign of a bottom here. So I know you want to go bottom fishing. You may have to wait. The only thing we can find is a TD set-up nine count on the daily, which could indicate that today is some type of a bottom with a countertrend rally. And that countertrend rally could get you up to, well, right now the level is about 281. 277 is the bottom of its daily profile. So that would be the countertrend move inside of Gulfport Energy, GPOR. Steve Rhodes with TFNN will be right back. We'll get to questions from Jeff, from Dennis, from Andrew, from Ken, from Gerald. We'll be right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a stand-alone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying your foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about The Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. So let's keep getting into the questions here. The next one coming in from Jeff G. And Jeff wants to take a look at Alaska Airlines 8LK as a ticker symbol looking to go long. So as we take a look at this, here we can see the prices trading below the daily and the weekly set of profiles out there. Therefore, prices below support if we look to the monthly price ran into resistance at the top of the box, that's $68.40. Therefore, the monthly timeframe says, maybe this is going to pull back to $61.97, maybe even stay in a consolidation and move back to about the $55.53 level. As we look at the daily timeframe chart, this could be setting up an A to B equal CD pattern to the downside. So your A point out here. It has not done that just yet. We have not seen a close below the B point. Your price is not trading below the B point right now, but let me show you where that is. Your A point is 11 on November 7th. Your B point out here is this little doji-style candle on December 13th. Your C point was the retracement up into the high of December 18th. About 68%, it was really 69.48%. So this may be forming an A to B equal CD to the downside, Jeff, in which case should it do that? We don't know right now if it would be the 1 to 1, 64.48, 1 to 1.272, 60 to 87 or 1 to 1.618 in the 60-82 area. We would know though, if we were to do that, then what the secretary could be doing is forming a Gertley buy pattern. And we would know that because we would see price move into those areas, and then we would see some type of bullish reversal candle. So you're looking, you say you're looking to go long on a breakout or above a certain price level. This may be giving you an opportunity to buy at a lower price. Now price is below the bottom of that weekly profile. So see where this ends up tomorrow, but a close below 66.69, keeps whatever pattern is going on inside the weekly time frame, keeps that in play for lower price. Now as we take a look at the weekly time frame, this top with a TD set up nine count out here. In the first level of support, that price needed to push its way sellers, needed to push their way down to a loss later in change line. It did that. Price is below that level. We also know that price was below the bottom of the weekly profile. So two areas of support on a weekly basis, after forming a TD nine count have failed. The third level out here would be 61.15. So that's quite a bit lower than where you were targeting. But right now it indicates, the chart for Alaska Air indicates that it wants lower price out there. Now can anything get in that way? Well, let's go look at the daily time frame chart here and the answer is going to be, I don't know, till we populate it. Let's go take a look at it. And here's what we know about the daily time frame here. So yesterday was bar number nine of a TD set up nine count out there. And so that could be a bottom. Of course price, what it did yesterday was bearish. How can you say that Stevo? Well, if we take a look at yesterday's bar, what it did was price got all the way up to Stevie's red line. Now that's really important. Remember a couple bars prior to that, we saw that line change colors. It went from green to red. What does that tell us? That tells us that we're going to see a hookup of price and that line. And that's what occurred yesterday. And that was rejection. That tells us we've got a falling price, so it will blow zero. So now you've got a competitive bottoming pattern as well as a topping signal or further move to the downside. You've got to be patient. 62.76 would be the breakout area if price does continue moving lower. You would need to see price close above. And you gave a figure. I would say you need to increase that to 67.86 if this is going to take off topside. But right now Alaska Air looks like it's headed lower. Jeff, I'd just be patient, but watch the daily timeframe charts and watch those signals out there. Let's go to one of our callers, Brent, in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing this morning? I'm doing just great. Steve, how about you? Very good. Thanks so much for asking. And it's all about natural gas today, I think. I'm actually calling about gold. Oh, gold. Oh, okay. Yeah. And actually, yeah, the question is going to seem a little convoluted just because there's some different elements to it. But I think I'll be able to kind of put it together in a way you can understand. All right. So I'm going to need you to look at gold, but the actual trade I'm looking to do is in dust, which is, of course, the inverse of the GDX. Yes. And so I was hoping you could kind of put the whole thing together as far as looking at GDX, looking at gold. Sure. For me, I'm looking to, I'm obviously trying to go short that, you know, GDX, but I'm actually going to be long because of things inverse. Yes. But you get it. You know what I'm talking about. I got you covered. Oh, my goodness, what just happened to my screen? Everything went black. How the heck did that happen? Oh, my goodness, what is going on here? Wow, Brent, are you still there? I am. Oh, good. Okay. All right. I got it back. Weird, weird, weird, weird, weird, weird. Okay. So I think, I think, I think there was a Microsoft upgrade or something yesterday. And I think my system is just going crazy here. But we're going to take a look at gold. I'm going to try to do that as soon as I get this first chart over here. What is going on? Well, let's take a look at. So here's what I can share with you right now. I'm struggling to get the chart over here. But right now, right now, so gold did earlier this morning and I believe it was around two o'clock this morning. So I can't show it to you on the chart. I can't get that chart over here for some reason at the moment. But you can see the daily and the weekly profiles out here. So you can at least see where gold is priced. But as gold was making its low this morning at about two o'clock. Oh, I see where the problem is. All right. I get rid of that. Here we go. I think I can pull it over now. Okay. Good multitasking. So as gold was making a low this morning, Brent, what it was doing was it was touching. It was tagging the oscillator and change line, Stevie's green line. Now it's really important for us to recognize the difference. What the meaning is the difference between a red and a green line out there. The green line is telling us that the price oscillator is above zero. And the price oscillator measured the difference between two moving averages. In this case here, and that's the 19 and 39 day exponential moving average. Now we can see that that red line, it was red before back in the December time frame, but it turned from red to green. And that told us that we should see price net line catch up to each other. We just talked about that with the prior instrument that we were looking at. And here's an example. So this morning was a test and rejection. And that is a bullish sign out here. So I would struggle to suggest to you to take a long position in going short the miners out here. Knowing that gold actually tested a key level of support. Now if gold gets below 1541, that's a different setup and that says that gold would move down to 1532, 1522 or 150210. That's its breakout area. So now the question would become, okay, so it's tested support. Is there some type of countertrend area that gold could move into where the sellers would be hanging out? Well, the profile that formed is actually below price. And that's bullish too. So when a profile forms and it's below where price is trading, that's a bullish signal. So now we've got kind of like two bullish signals, but with price being down below our profiles, but I don't have a strategic area where sellers are sitting. If you kind of know what I mean out here. So we have to try to use some other tools, which would mean probably looking at some shorter-term timeframes and things of that sort. So what I was trying to do, and that's what kind of messed up the chart when I was pulling it over here. Let me take a look at the 30-minute time frame here for gold. And the countertrend rally in gold that you could consider selling would be at 1561. And the next would be 1576. So Brent, we're going to a commercial. If you'd be kind enough to hold on, we'll try to pull up dust, take a look at it, and then answer whatever questions I might have created. Steve Rhodes with T.F. and I would be back with Brent in Martinez, California in just a few. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today. 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If it gets above that level then what we can easily do is draw in some type of A to B equal CD pattern that could be forming out there that could set up on a 30 minute basis a Gartley cell and so that's how I would try to time it from a short term standpoint with regard to what gold would do now I also want to just add to everybody that's listening out there that I really think that Brent is looking in the right place out if we look at the weekly time frame chart out here we're going to notice that price is beginning to move higher with less relative energy out there now that's only a problem if we see some type of bearish reversal candle we don't have that just yet we can also see that what price did about two o'clock this morning was pulled back and tested old resistance which was 1543 30 that is at this stage here now support so again it suggests being cautious out here at the weekly time frame chart but the larger picture out here which is the monthly time frame chart what gold did on this move up here hasn't confirmed or completed the pattern it may be setting up a very large Gartley cell pattern out here now in this case this would be a 1 to 1.272 A to B equal CD to the upside but only if we see some type of bearish reversal signal will that pattern come into play now we can also see another pattern price is also moving higher doing that's the same pattern that was in play when silver made its high back here on in September of 2011 so so that's that's the overall view of gold from multiple time frames did I confuse you or did I help clarify anything no it's very helpful Steve I I guess by particular view of things I'm looking for the bigger trend if we do finally get a top in gold and not necessarily a shorter term trade but I do appreciate you going over that possibility as well you know and the numbers to look at for that so I'm just going to be more patient and see where we eventually at some point we'll get that top and when we do that I'm just looking for the bigger bigger trend and I know that it can of course have some pretty big retracement and that's what I'm looking to try to participate in if it does no and I hear you in you're absolutely right on track it would be like if if if I had been short the minors via dust yesterday the day before would have you in the newsletter this morning I would have been telling or I did tell subscribers we were not we were not but I do know subscribers that that that were short the minors I was saying now is the time to tighten your stops and in fact entertain that gold has that we're going to see some type of countertrend rally out there and so with regard to dust prices above we just look at the dust charts out here prices above the top of the daily profile which is 608 so price were to get back below 608 I'm not saying today then that would be telling you about a further countertrend rally in gold and in a further pullback inside of dust now in the case of dust it's a bullish structure daily profile price were to get back inside that that means below 608 then we would be looking at 569 to 543 as a potential level prices below the weekly in the monthly set of profiles there's nothing that we can use there so I think you're doing it right in taking a look at gold and using that to help to enter into a dust trade or a GDX trade however it is at whichever side you wanted to take I just think patients right now because it does appear that there may be some type of countertrend rally that sounds great you'd really appreciate it that makes the decision much easier to you know again I try to do that you know look at every angle of the thing and where I commit my money and you help in making the decision a wiser one so I appreciate that very much you have a wonderful day and I'm not sure if I'll talk to you before the weekend if not just have a great weekend and thank you Brent you take care alright you bet you bet thank you very much for calling our next question here coming in from Dennis G and Dennis wants to take a look at Colgate ticker symbol CL you know Colgate showed up I believe on my scans whoops I've got the wrong thing hold on a minute here get a good to the right tab I as having formed a bottom when I looked at it I think it was several weeks ago maybe but maybe I think it was Colgate now I wasn't Colgate because that's at highs so no but wasn't Colgate it was something else with a C in it but I would like to hear thoughts on Colgate and travelers these are stocks that you're looking to tighten up positions on you've got some healthy gains so Dennis first here's what we know about Colgate palm olive it's traded above the daily profile top of the daily so it's broken through resistance right now it's taking on the resistance of its weekly profile so if price could close this week above sixty nine fifty two and you're sixty nine sixty six right now there'd be no reasons whatsoever from weekly perspective to tighten up the stops on that well you can always tighten up stops but there certainly be no reason to exit the trade and you're with inside the monthly profile that range from sixty five ninety four to seventy five in a quarter so let's go see what Colgate is doing on the other charts see if there's any kind of topping signals so with regard to tightening your stops the average true range on a daily basis is ninety three cents so your stop wants to be well outside ninety three cents you don't want to be just stopped out because of average daily price movement out there so use that ninety three cents multiply that time some figure out there in the case of Colgate I take it was Colgate that did form that bottom see I and my memory is pretty good and if we take a look at Colgate way back here in November prices moving lower doing less relative energy what price it was Colgate's doing right now Dennis is it's moving up to its a resistance level and that resistance levels its breakdown area of seventy one twelve that that takes you back to the trading session of October eleven so a lot of higher highs and higher lows out here so no reason to exit I can't tell you that seventy one twelve is where the rally is going to stop because the price gets above that it would tell you that that roads went to indicator bottom was a change in trend signal now change in trend to where out here well you've got the top of that monthly profile seventy five twenty five out there I look at the weekly time frame with my other set of tools out here price right now is above in this form to TD nine count bottom so here you've got Colgate back in November so as it was forming the roads momentum indicator bottom signal on a weekly basis it's got a TD nine count and that green line had turned red right we always say that when that happens or I always say that you're going to see price and it catch up to each other now price is above that even though line is read this is saying that what Colgate palmola wants to do is trade up to seventy four sixty so I don't see a reason here to exit the trade now if you want to exit the trade up around that seventy four price should price get up there okay I can I can see that but right now now the monthly chart is just saying hey I'm right now at resistance which is really about sixty nine on the monthly time frame pretty much where we're trading right now sixty nine sixty four so just a little bit of resistance but the daily and the weekly look good I can't tell you to exit this position looks like once the trade higher Dennis we'll be right back if you're in the CD market and looking for secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. 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eight seven seven five one eight nine one nine zero that's eight seven seven five one eight nine one nine zero if you haven't checked out the newsletters page of TFNN dot com what are you waiting for all of the TFNN newsletters are informative up-to-date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for thirty days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN dot com and click the newsletters button near the top of the page TFNN dot com educating investors it is booming but for how long whether you think the biotech bull has room to run or has run its course trade L-A-B-U or L-A-B-D directions daily S&P biotech three times bull and bear ETFs visit directioninvestments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 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 foresight fund services LLC don't forget you can listen to TFNN 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV for the latest market information welcome back folks let's keep moving along here with all the questions that are in Dennis also want to look at travelers TRV is the ticker symbol here and what we can see is that price has kind of Dennis been trading sideways right for the last three or four weeks out here what it's doing today is it's has been for the last week and a half or so it's been trying to take out the resistance level at the top of its daily profile and that number is $136.97 now it's trading above it right now you'd like to see a close above that today as well as tomorrow two days in a row and that would suggest higher price now prices below the bottom of its weekly profile so $138.94 maybe as high as it actually gets to because the old support could be resistance out here now that weekly profile formed price was below that so that means the weekly profile is in essence it's a bearish message so let's go key in on the weekly time frame out here and as we pull this chart over now what we can see is that remember when that red line or green line changes colors in this case here it changed colors the week of November 22nd tells us that price and it are going to catch up to each other now last week was a test and rejection of that level that's bearish this week we're seeing a test and rejection of that level it looks like this week is going to become bar number 8 of a potential of a potential TD9 count topping pattern out here remember that can occur on bars 10 so next week or the bar following 10 the week after but right now if this is going to continue I'm not telling you to exit I'm just helping you understand that there's clear resistance we can see it just simply using Stevie's tools out here and so you want to really be able to see a close above that 137 66 area that's what that is printing out as we speak right now but the weekly so travelers doesn't look as good on the charts as Colgate palm olive did and the weekly chart out here for travelers shows you've got maybe way more downside action over time out here it's got the roadsman to indicator topping pattern that is in play as we speak doesn't mean again at countertrend rallies but I don't see a bottom out there and so so you're asking you know where to I guess where to where to exit this trade I think you've got to watch the daily right now see if you get too close above 136 97 watch Stevie's red line on the weekly if you get above that that's going to tell you more countertrend rally about 46 is the 10 day average true range out there so thanks for writing in I hope that helps answer your question out here well I'm going to speed things up to get through all of these Don in Phoenix Arizona writes in and you want to take a look at C.R.O.N. and let's go take a look at that I see you've got a little bit longer message out here you're asking about the NASDAQ and daily candles like entry for a short position okay so let's first take a look at the at the chrono C.R.O.N in this case here you're looking for an entry position we know price trading below the weekly and below the monthly profiles and in between the daily so you've got a little consolidation between 630 and 736 so I'm going to say the first place that I would say consider an entry would be 630 but that's the bottom of that profile of course 683 could be another spot but I would say 630 let's go look at the daily time frame see if there's any well so there's a there is a bottoming roadsman to mitigate a pattern out here that the form that November excuse me November 20th now it's just trading sideways so it hasn't taken off the question is done for both you and I can't answer this but is there just accumulation going on along this low is stock being accumulated in which case we don't know how long those accumulated position how long it will take to accumulate that position but that's one possibility out here so you've got a bottom you also know there's resistance 790 that's the bottom of that weekly profile it's been tested twice since it is formed and it's been rejected so look it's just in a consolidation at this stage of the game and I'm going to suggest that what you do if you're going to enter towards the bottom of that daily profile and the 630 area yesterday's low out there was very close yesterday you got down to a price point in this of 638 so use that as kind of your guideline as to where you would enter now your other question here was about trying to take a short position in the NASDAQ John and the dentist asking can we take a look at the composite NASDAQ chart out here and so the answer to those questions are yeah we can so but here's what I want to do first let's continue with Don's question and let's go take a look at the NQ out here so first when we take a look at hey what's it doing we can see that prices above yesterday's high it's above it's 2019 highs it's above its TAS weekly and daily market profiles that includes the ES that includes the Dow as well so we're not seeing any kind of top signal just yet at least resistance I should say with regard to TAS market profiles out there so what else is it that we can take a look at when we take a look at the NQ first and most importantly let's look at the weekly timeframe the weekly timeframe shows an A to B equal CD pattern the one-to-one price projection is 9045 out here so it's come close to hitting that the price this week on the move lower on Tuesday evening was nothing more than a test and rejection of the weekly or oscillator on change lines so that's bullish out here now it does not mean 9045 the one-to-one A to B equal CD that that's where the top is going to form inside the NQ I think you've got to keep your hands in your pocket Don we've got to wait for the market to communicate to us what its intention is I will share with you that its intention right now is to continue to move higher is it 9045 is it 9597 I don't know the answer that question but it does appear that price wants to move higher everything we're looking at the signals that now let's go look at the daily timeframe so we pull over the daily I was the weekly will pull over the daily timeframe we're going to see that price is moving higher doing less relative energy you're going to see another A to B CD pattern that is in play you've got to wait for the bearish reversal candle that's how the market talks walks and squawks to us we look for these patterns to form if they should form and then we look for some type of confirmation that the other side in this case here the sellers are ready to take the ball and see what they can do with it out here so you're asking me you know where on the daily candles are we likely where could you likely enter a short position you've got to wait for the market to communicate that to so the patterns are there but if we don't see a bearish reversal candle price can continue moving higher doing less relative strength until it negates that entire pattern all together or negate the one to two way to be equal CD that we're looking at this little smaller A to B equal CD pattern so we just have to wait for the market to communicate that to us and then at that stage one could act you know so it just really depends on the time frame John and the Tigers then wanted to take a look at the NASDAQ composite so really the same game would apply out here let me let me do this though let me turn off these profiles because they're not fair and what did I do there that was interesting give me a second here to do this there we go so that should be turned off now let's turn this into a let's just go to the monthly time frame for the NASDAQ composite oh boy so for the NASDAQ composite if I'm going to draw the A to B CD pattern here this is what it looks like so our A point is going to take us down into the 2000 and on the NASDAQ composite it's a 2009 the March 2009 low it's our A point my B point would be the high out here from July of 2015 a C point small retracement come on work with us February 2016 so at this stage here John you've got your 1 to 1.272 very much like the NQ but until the bearish reversal candle arrives this continues to be higher since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of likes to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any 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lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com this is David White stay tuned because coming up next is the power trading hour right here on TFNN welcome back folks so peak D in the tiger's den wanted to know was twitter buy a hold or a sell as we take a look at its three time frame charts you can see prices above the daily box out there that's $32.89 the weekly is $32.51 a close above that says that this may see further upside move and prices now above the bottom of its monthly profile so this is a not a sell it is at least a hold if you are long twitter out there we've got a question that has come in here from Andrew K Andrew wants to take a look at hack so agent you've got several symbols I'm lucky to have a minute here maybe just to be able to get hack for you so with regard to this this is a trade above the daily weekly and its monthly time frame out there profiles I should say you're looking for a long position you've got to be patient you've got to wait for a pullback hack is moving higher doing less relative energy so if there is a bearish reversal candle to form price will pull back to $42.75 maybe all the way back down to the $41.50 to $41.01 area out there so I would just simply be patient right now with regard to hack the only other thing to do would be to just go ahead and chase this I can't suggest you go ahead and chase this here if we look at the monthly time frame price is also moving higher it will be not a problem but it will be a problem should a bearish reversal candle form so I'm going to suggest here Andrew that you just simply buy a pullback and you know take a look at that pullback area again first leg down should find support at $42.74 and then all the way back down towards the bottom of that box or top of the daily box $41.50 to $42.99 area out there so Ken my apology I didn't get to your request or Gerardo or HD but I promise that I will get to those requests tomorrow folks thanks so much for sending in all those requests to take a look at stocks that you're interested in or are in your portfolio much appreciated please do me a favor stay tuned your favorite polar bear David White three to four and Stevie boy I'll be back with you tomorrow on fabulous Friday have a terrific Thursday folks