 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 morning, folks. Welcome to the November 27th. The magnificent Monday 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. 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 circumstances that life is going to toss at us. Now, today you and I are going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648. Now, if you've got a question, but you can't dial in, we've got you covered. You can always send me an email. Send that off to Steve at tfnn.com. And inside the subject heading, please put radio show question. Now, if you're inside our Tigers, then any and every ping will do. So let's go ahead and get this show started on Marvelous Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Slightly mixed bag out there. We take a look at the U.S. indices. The semis just slightly positive. Less than one point to the upside. Dow's off 73. Quarter of a percent. S&P down nine. Two tenths. Nasdaq is flat. It's off three points. Russell's down seven. That's a four tenth of a percent move. The largest move to the downside of the trannies are one to three tenths percent. 196 points there. You've got gold trading up 560. Silver's up 34 pennies. That's a buck, one and four tenths percent move to the upside. Lice recruit off a quarter. Natural gas down eight pennies. 30 or treasure up 22 ticks. Printed out at 115.17. The leader in the clubhouse to the upside is Mercado Libre. Up 37 bucks to 1.5 percent. Domino's Pete's $11.3 percent move there. Super Micro Computer up nearly 10. 3.5 percent. Lam Research up nine. Little over 1 percent. Roku is up $6 and change. That's a 7 percent move there. To the downside, we've got MicroStrategy. Nearly 12 bucks. Two and a quarter percent. John Deere down eight bucks. Two and a quarter percent. Eli Lilly down six bucks. Little over 1 percent. Albie Marl off six bucks. That's nearly a 5 percent move. Old Dominion Freight Line down five. Nearly six dollars. It's about one and four tenths percent move to the downside. Let's begin our day by taking a look at the daily and the weekly equity future contracts. Let's move over. We'll move over to our white background screens out there. We're going to see what we're going to see here. On the daily base, that's the upper row of charts out there. You'll see in the ES mini, and we just, you'll see a TD9 account bottom. Wave number seven bottom back on October the 27th. And now where are we at? Well, we've got now a TD9 account top that completed on Friday. We also have a bearish structured daily profile that is attempting to form as we speak. Now, the bearish structured area or the range is between 45.72. That's a clear resistance level. I've got two centers. One of my white background charts. That's at 45.41. One on the black background charts. That's at 45.56. Right now I'm going to use 45.56. And if price closes below that, well, that would signal to you and I that price should get back to that green oscillator change line. Now, regardless of the profile, that's what price should do when you create a TD9 account pattern. In this case here, it's a TD9 account top. Price should pull back and test that oscillator change line. Now, green oscillator change line is bullish. Whereas a red one is bearish. A green one tells us the price oscillator is above zero. And then it's rising above zero. Those are bullish conditions. In other words, we have bullish conditions as we speak right now inside the ESMini. That doesn't mean price won't pull back out there. In fact, it should. However, price closed above the high of two days ago of Thursday. That is 45.80.50. And negates that pattern would suggest that we move higher. Take a look at the NQ. The NQ went ahead and formed a TD9 account top. Bar number eight is the high. Today is going to be the completion of that pattern. It doesn't really matter where price closes today or where price trades to. Here what we can see, price did form a new profile three days ago. Support is down at 157.48, resistance 16.102. What price should do here is pull back and test the oscillator and change line. That's going to be at about the center area. That's about 15.8.90. Price just pulls back and test that level, rejects it, stays above it. Conditions will then be neutral for both the ES and the NQ. Why neutral? Because you'll have a top and price pulled back and successfully tested a key level of support that held that greenhouse under change line even more important than the bottom of a profile. If we take a look at the Dow equity future contract on Friday, it completed its TD9 account pattern. Now a close above Friday's high, that would be 35.4.10. There is no new profile here. What price should do is move down towards that oscillator and change line. 34.968, remember that oscillator and change line? Oh, you will. Because I like to refer to it as it's going to change as price moves up and down. So the figures that I'm giving you are really guidelines or good guidelines, but they are just simply that guidelines. So price should pull back towards that 34.698 level. We take a look at the Russell 2000. We don't have any kind of a top out here. What we do have is prices run into trend line resistance. And for that, let me just see if I can put in one of the larger trend lines. I mean, there's a couple of different ones, but if we just simply start all the way back here. There we go. So we just simply start at its high. Give me a second here. Let's draw a line, grab the line feature. So we're going to say here is the primary trend line out here. We've got other trend lines as well. I can put one in from this swing point right here down to there. There's another trend line. So we've got trend line resistance. In essence, I could even draw another one. We could use this swing point right here to draw a trend line. So you can see that what we have out here is basically a bunch of trend line resistance. And can that be a top? The answer to that question is yes. So we've got absolute topping patterns or signals. I should say patterns really inside the ES, the NQ and the YM for their daily timeframe. We look at the weekly charts out here. It's the NQ that would give us pause. The reason the NQ would give us pause is because what price has done, so in each of these we've got girly by patterns. Those form weeks ago. But in the case of the NQ, what price was able to do today, I'm sorry, last week was get up and test resistance. That was the top of its profile. And that's at the 16-130 level. Now just test the level of resistance. Does that mean it's a top? No, but you're at a topping point on the weekly chart. You've got a topping signal on the daily timeframe chart. Odd's favor, we've got some type of a top out there. But what we're going to do is we'll spend time trying to figure out what kind of top that is. And we'll do that really by taking a good one of Nancy's questions. So let's do that right now. And then we'll later get to Microsoft for you, Nancy. But let's try to answer her questions with regard to TD9 count patterns. Now, what I'm going to put up on my screen right now, this is a market analyzer. Subscribers get these on the daily and the end of day reports out there. They're always slightly different. But this one here, we're taking a look at. This shows you on the left hand side, that column shows you the cash indices, the index ETFs, the S&P 500 sectors, the Magnificent 7, John Cena, Tiger's Den asked about those, and the equity future contracts out there. When you take a look at the daily TD9 count, that is column number four out here. You'll see lots of nines and stars. If it's got a star, it's a TD9 count top that's in place. We come back to this break. We'll talk about those in 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 Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals, What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the Opening Call newsletter at TFNN.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. So we're taking a look at one of Steve's Market Analyzers. Take a look at a number of different instruments. All of the, or most of the indices, U.S. cash indices that we track, the equity future contracts, the index ETFs, including the Equal Weighted, which is important to have out there. Those Equal Weighted for the S&P as RSP, that's a symbol for the NASDAQ 100, the Q's, it's QQ, EW. So we like to make sure that we're paying attention to both. Those would give us confirming signals on the sectors inside the S&P 500, if we have a stock, getting rid of the MAG-7. So those that show a star next to the number under the daily, it says D-TD9, column number 4 from the left. Whether it's got a 1 because it can be the bar, following bar number 1, that we're now-all of these are as of Friday's close out there. So those are all the signals. And you can see all the different tops. Not every single indices has a top. You'll see a number 8 here for the Dow Transport. From the Dow Transport, right now, 181. So we know there's no TD9 count top, at least at this stage of the game. That's in place out there, no start. But you can see a number of different TD9 count patterns that are in place out here, which is a pretty decent indication that we should see a short term top. Now, the question becomes, is that short term top just pulling back to test support and then we move higher? Well, why would we move higher if this is just a test of support, Steve? Now, that's a good question too. And the reason for that would be because of two different reasons out here. And the first reason is this is the 126 year seasonal cycle. Just plain. Now, what I've done is I put my D trending tool on there. Just makes a little bit easier. I'll take it off. Okay, so you've got that view. Oh, shoot. I got to keep it off the screen. I don't know why that screen creates a problem for that tool. That's okay, Steve. He's got backup plans. So just give me a moment. We'll switch over to that. We don't want to lose that screen. If we lose that screen, that could create problems for Stevie. And we don't want that during the show. We have it happens after the show. No big deal. So now we're back to this chart here, which again is showing us the 126 year seasonal cycle. But I put on the D trending tool out here. It gives us a little bit better view as to what to anticipate or expect. So I know that the market should be trading in essence somewhat sideways. We're not trading sideways. We've got TD nine count tops. But this shows us that typically, or the next few days by the end of this week out here, November 30, today's a 27 that we should see then market moving higher. Now we're in window dressing time period. All that sort of makes sense. Then we get a pullback after the first week of December. And then finally, you know, this is a seasonal, this is the 126 year seasonal cycle out there. If we go ahead and we just turn this over to give me a moment. Sorry about that. We just simply go ahead and take a look at pre election years. So all those will populate right now. And again, I've got the D trending tool on what you'll see here is we're also in a favorable time period out there. So it's very possible that what we're going to get, we go back to these TD nine counts will change the screens out here just so that you can grab them so that you understand where we're at with regard to the TD nine counts out there. So here we're back at this screen. What we may just simply be seen is nothing more than a two day pullback. So let's go take a look at that for that. We're just simply going to switch down and answer. I'm going to get to your question. It just is your question is basically when they get a grouping like that. What's the signal that they're going to move higher? Well, that's actually pretty easy. The signal is price takes out that resistance level and closes above that. But in the meantime, what might be going on here? So what might be going on is if we take a look at the end queue. Now, this is the daily dance steps, right? You and I have taken a look at this. So what we know is that in bull moves, what we would typically see is a two to three bar knee jerk reaction low. And if we take a look at the red numbers, red digits on this chart that you and I are looking at those represent consecutive lower closes one after another and the black digits are consecutive higher closes out there. You can see that coming off the low from October the 26th out there. We have not had a two day normal two day knee jerk reaction pullback and low out there. Now tells us we've got a real strong market now you didn't need me or this chart to tell you that, but we are all visual, not all of us, but many of us are more visual. And so we take a look at something it kind of puts thing in perspective. So wouldn't be surprised to see a lower close today inside the end queue. And if we do, maybe all we're going to get is just a two to three bar pullback out there. Remember, we do have new profile levels and inside the end queue is not shown on this chart here. But inside the end queue, certainly the numbers that you can use for resistance and support what's in question. It's only the ES that I believe is in question the center of the box. But the top of the profile resistance is 16102. But Nancy, in order for the end queue, what's the term basil uses out there? I don't remember right now, but in order for the end queue to resuscitate itself, tend to gate that signal and tell us that we're moving higher the TD nine count signal that is you're not seeing this on this chart. Nancy need a price close above 1617350 residual strength. Yeah, that sounds good. 16153. I don't think that was the word that I was looking at. But we're headed down the right path out there. But 1617350 is where price must close above. In order to suggest to you and I that there is a that there is a that's going to negate that a signal out there that's one way to take a look at it. And we'll take a look at another way to look at it. And we'll do that when we really go back and take a look at Magnificent seven for John out there here what we've got are the intraday time periods for the end queue. In the case of the end queue out here, all that we've really got is a two hour TD nine count bottom pattern. That's the primary pattern 30 minutes as a TD nine count bottom as well. We don't see out here is any kind of a topping signal. Now you could get a sell the D point pattern on the 30 minute time frame chart. Absolutely. You could get that in the next six minutes out there that would suggest price point back to test support the oscillator and change line at 16,006 and below that 15970 would be the move out there. So and we've just had a narrow range body today, at least thus far into the trading cycle out there. The to the upside would I be paying attention to if the markets are really going to rally Nancy what we should see is that TD nine count bottom on the two hour time frame chart take out resistance and here the resistance level is not just the top of the profile which so far is active as resistance 16,042 but instead take out 16,070 150. That's its TD nine count breakdown level. So 16,070 150 would be an important level to watch to the upside inside of the NQ. So we got that cluster that we took a look at a so called cluster of indices of index ETFs, including the equal weight out there. So is that but but there still is that possibly it's just possibility of just a two day pullback. If it is a top, we should see the underlying instruments. We see if I can let me do this. Let me close this out. I think I have the NASDAQ the top NASDAQ stocks out. Give me a moment here. Where we put those? Okay. So now we're going to change screens out here. Now I hope that the screen that I show you is still showing up real white. It's I'm got a failed monitor out there. I'm gonna have to dress over the next couple of days. It's still showing up and I think your view it still shows is pretty white. You don't see the difference. But here are the top eight instruments that make up over 50% of the weighting inside of the NDX 100. If you take a look at Apple right now, the upper left hand side Apple does not have a topping pattern. And all that's taken place so far today is a pullback in testing and rejecting of that green oscillator and change line. In order for Apple to tell us it's got a change in trend, we need to see a close below the bottom of its profiles at 188 29. In the case of Microsoft out here, Microsoft does not have a top in place. In order to get a TD nine count top today or tomorrow, we need to see a spike above 379 79. Excuse me. Sorry about that. We come back to this break. We'll finish take a look at the the the Magnificent seven will take a look at the New York Stock Exchange advanced client on center bowing and so fine. We'll be right back old report. As a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy sell recommendations. The Gold Report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice sure, but you also need excellent instruction from experts at TFNN. You'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors. TFNN has just launched their new trading room, the Tiger Zen. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks. I switched over to the Netflix chart just simply to really answer Nancy's question out here about the TD9 counter. The question specifically is when they when they when can they regroup? When can they regroup like we've got and simply go higher? And so for that each one Nancy or whatever instrument is you're taking a look at. Here's Netflix as an example. Netflix forms a TD9 count top. It does it in the bar following bar number nine. The actual trading day that it does. So you're going to take like Stevie's tools out here. It confirms that TD9 count top on November 13th. So the very first thing that we know out here Nancy is at first on that day that was telling us that price should pull back to test that green oscillator and change line. Now in this case here it was green. We don't know whether it's green or red but in this case here it's green. We already know green oscillator and change line is a bullish signal. The price is above it. It's very bullish out there. Price never even pulled back to test that. In fact the next day the pattern was negated with a close above that high. That told us about a strong upward momentum move. So strong that now what we've got inside of Netflix is it's going to go ahead and complete a TD9 count top today. Bar number eight is the high of the pattern. Thus far what should take place is price should pull back and at least test that oscillator change line for 7130. We don't have any new profiles or anything inside of a Netflix as we speak right now. You just simply have to watch price behavior. I don't know what price is going to do but what we do know is what price should do and doesn't do that. Does it pull back and test to reject that level. If it does you would certainly stay along with regard to Netflix for its daily time frame. The price closed below that short of any new profiles forming the next downside target so that people can do a risk reward decision would be at break a level. That's down at 440 to 60. So hope that answers your question with regard to the TD9 counts. If not just keep writing me questions and we will get back to those as soon as we can. But we do have call ahead seating here. So as opposed to going back to the other Magnificent 7 we're going to go right to that call and that is from Brent in Martinez, California. Brent thanks for calling. Thanks for holding. How are you today? And happy Thanksgiving or post Thanksgiving. Thank you Steve. Same to you and good morning to you and yeah everything's well. How about you? Good yeah yeah yeah just you know I got to get rid of all that pie that I ate. Oh yeah only took like a you know a half an hour to take that all in and put it on and just wrap it to the sides of my body and it's going to take two weeks to take it up I think. But you want to take a look at AMBA I believe is a ticker symbol you're calling about and if so tell us what you're doing and how I can best help you. Yeah let me just go through really quickly just what I've been doing. I've been trying to do some different earnings plays but what I do is I don't buy anything until the earnings have come out the news is out and then and it can be something that has earnings before the market opens it can be something that comes out in the afternoon it doesn't much matter I just okay have the numbers come out so I can look at them and I used to try on occasion doing trades before they came out and I just found it's better to just wait and sometimes you miss them they just take off on you can't do anything but other times it works out and so. And so are you playing kind of a momentum type of a play is that the thought process or? Yeah well there's a pretty good example the other day I did zoom video okay came out with their numbers and I want to say that was after the market closed but it's definitely before the market opened and so I went ahead and the numbers came out they beat on earnings rather new but then the stock actually dropped which is that's even more ideal and the other I guess component that's pretty important to what I'm doing is I'm looking for stocks that are at the lower end of their range instead of being there their tops when I'm doing okay I'm trying to do calls on what I'm doing so in this case it was already near its lower end and it came out with good numbers but it dropped and so when it made that drop I just bought in and I and I'm doing really well I mean probably within a short period of time certainly that morning I was able to already get out and I gained so that's what I'm looking for and so now I'm looking at kind of going now to this last weekend I was looking for stuff that's going to be this week and Anne Barrow is one of them and I also have Marbelle is another one so okay so yeah so take a good right we'll take a look at both and thanks for that explanation and here we take a look at the zoom church I want to go back to that so people can see what actually took place here I'm going to guess that the earnings date was on November 21st I don't know whether it was before the bell after the bell or so forth but what happened on that day is price did pull back and what it was testing was profile support and that was at 6276 granted it got down below that it got all the way down to 6183 but what price was doing on that day folks was just simply pulling back testing support and that in essence using support as a level to get in so that was on zoom but Brent wants to take a look at ambrilla AMBA so we're going to go ahead and refire up those charts out there and they come out with earnings sometime this week yeah I believe both of them are going to be on Thursday either Wednesday after the market closes or Thursday I can't remember now but I have it marked down but and I guess my main question is what I'm looking for from you if you can do it is just if a word to take a dip like say zoom just like you're talking about there what would be some levels to be watching for so the first though so this did form a TD 9 count top two days ago so we've got a TD 9 count top in place so what should take place out here much like I will spend time talking about what with the financing with regard to TD 9 counts is price should pull back to that oscillator and change on so the first level that you would be watching or observing Brent is around the 52 27 level again that price going to change up and down so don't use it right to the penny but that would be the first level of support turns out that just below that is the top of its daily profile so short of some kind of new profile forming between now and when the earnings are released the second area of support you'd be looking at is 5104 if this were to take a real deep dive well that mean we'll get back below the top of that daily profile and then that would trade into a support zone and that support zone would start at 4816 as I mentioned ambarella has a TD 9 count top so what that does folks is that sets up a TD 9 count breakout level and that's the area at 4816 above that is the bullish structured profile and the bullish structured profile is between at the bottom or at at the low at 4868 and the center is at 4947 so the real support zone the real buy zone don't have any idea whether price will get back there Brent but you could set up triggers 4816 4868 4977 or 4947 what you would not want to see is price close below 4816 if it does that then that tells we get back to that swing point low from the end of October or the early part of November the weekly chart here looks pretty nice it looks to me like there's a confirmed by the D point pattern and last week price closed above the top of its profile if you get a second consecutive close above it this week and the it being 5507 that would be bullish and say that it wants to move further of course in order to move further to the upside it's got to take out that daily TD 9 count top and therefore that resistance level shouldn't fail because it's the other side of that trade when they do release earnings Brent would be a close above 5624 and a price close above 5624 is trading above it its price target will likely be 6096 now 6096 is a TD 9 count breakdown level but it could also form an A to B equal cd to the upside but 6096 would be the upside area inside of ambarella into the downside 4816 I'd say up to 4947 Brent we're going to a break I might at least get that out stay with us if you would what's the second instrument you want to look at it's a Marvell to MRDL perfect we'll take a look at that we come back to this break 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 seven newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 seven newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chAU or chAD directions daily CSI 300 china a share bull and bear ETFs china a shares in either direction visit direction investments.com 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 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. I would Brent in Martinez California we're taking an umbrella AMBA is a ticker symbol Brett before I move off of these charts I know I threw out a mouthful there so to speak any questions about the the numbers of the data the any for any of the information that I shared with you on the daily time frame chart for umbrella. Not at all see that was fantastic that's what I was looking for and I did what they're both going to be Thursday on November 30th last day of the month and it's after the close. Okay so of course Friday would be the day I'd be trading it. Yeah perfect so I'll try I'll note that on my system out here and try to remember for us to take a look at the umbrella and Marvell come Friday morning out there we're taking a look at the charts here from Marvell now in the case of Marvell it also formed a TD9 count top it actually completed that pattern on November 14th the high out there that you'd be watching is 57.43 if price were to close by 57.43 that would probably trigger an A to B equal CD to the upside price target on the daily time frame around 65 and change out there there is resistance on the weekly up at 57.61 so you need to be aware of that. Let's say that Marvell pulls back because it's got a TD9 count top and all prices have been doing since that TD9 count top it's been trading within the upper range of its profile what I mean by that is between the center at 53.78 and the top up at the 55.95 level the key level of support here Brent I would say if it could get down there would be 51.61 that would be the bottom of its daily profile out there nothing here indicating to us because this TD9 count pattern took place two four six eight days ago a trading sessions ago I should say and it's just kind of a sideways move out there on the weekly chart it's bullish it has what looks to me like it's got a buy the D point pattern price above the green oscillator and chains on signaling its intent to go retarget 57.61 the monthly chart is trying to give us an indication that it wants to go target 61.69 but we won't know that for a few days out there so the areas to be watching as support on the downside for Marvell would be 53.70 would be 54.59 53.78 and 51.61 and of course I gave you what needed to happen to negate that TD9 count top what additional information Brent can I assist you with I think that's it Steve I just really appreciate you taking the time to do that and sure we will see what happens on Friday okay sounds good well we'll take a look at it and we'll try to we'll try to provide you with some information there so thanks for the call always good to hear from you and we'll look forward to speaking with you again soon that was Brent in Martinez, California let's go to Nancy's question here which was really about Microsoft so we spoke briefly about Microsoft I'll switch back to take a look at the Magnificent 7 for for John here momentarily but here we take a look at Microsoft all we can see is so far what this has triggered is a Rosemont Dominicator signal today what that means Nancy I know that you're trading this scalping I believe this to the upside there is no topping patterns in place out here what is needed to form a TD9 count top today or tomorrow today first Microsoft must close above this is the first thing it must do today and that is close about 377.44 Microsoft does not close above that at day's end then this whole TD9 count structure goes away what will still remain though is the Rosemont Dominicator signal and that would require a bearish reversal candle if you get that that would identify a top same game playing here same rules which is price is only supposed to come back and test support to break support tells us about a change in trend in the case of Microsoft the support right now is at its oscillator and change line it's trading above that that is still bullish out there and that's at 376.90 other areas of support will be down to 365.16 366.76 and it up at 374.75 the top of that daily profile so that's what's going on we take a look at Microsoft if we go and switch over to the Magnificent 7 or really just simply the top eight holdings within side of the NDX100 give me a moment we'll get back there I think I still have those we've got to change screens here give me a moment there and we'll just run through those pretty quickly just so I can make sure that I get through whoops dang it how about cancel there we go cancels a better idea all right let me change the screen again you weren't going to get what I was intending and so I caught myself what the heck now it's taking a sweet old time out there we don't have that kind of time okay here we got the Magnificent 8 the top eight holdings within side we've already covered Apple we've covered Microsoft Amazon no topping patterned in place out here wants to continue to move higher Nvidia has got a roadsman to indicator signal but no bearish reversal cattle consolidation with inside its profile we take a look at Meta Meta has a TD9 count top price pulled back and tests and rejected its green oscillator and change line so far that green oscillator and change line is at three thirty seven ten therefore its signal is neutral even though it's got a TD9 count top Avgo has a roadsman to indicator top but price finding support at that green oscillator and change line that means its signal is neutral you've got no top pattern in place for Google that needs to spike above the high from a couple days ago in order to potentially form a TD9 count pattern out there so we're looking at here as those that do have tops in place prices pulled back and tested and rejected support I don't know what it will do at day zen John C Nancy or anybody inside of the Tigers then but what I can share with you and narrate for you where the charts are telling us is 1148 is this is likely just going to be a two to three bar pullback a normal pullback inside of a bullish move out there if we start seeing key levels of support breaking well then we've got a different thing to look at out there one key level of support that certainly we can be watching inside of the NQ out there would be its perigee pivot point if we go ahead and switch panels go over to the black background screens well you'll see out here today earlier this morning is price pulled back two different times and tested that perigee perigee is when the moon is closest to earth during the current current lunar cycle I believe that took place last Wednesday I can't remember the exact day right now but 15981 is the key level to be watching in the case of the ESMini price is not even pulled back to test its perigee pivot point in in in a summary in short term analysis as long as price is above that other than finding and identifying a topping pattern let's say on a 30 minute time frame chart that is a bullish signal out there we're trading about profile when it comes to the NQ we're trading above profile when it comes to the ESMini out there gold the area to be watching on gold is at 2001 and 10 that's its perigee pivot point silver's way down to 2382 let's recruit on a rally could find resistance at 7784 and the US dollar index is trading below its perigee pivot point at 10348 that's suggesting to you and I that we may see US dollar index that continues to move lower out there so Nancy I hope that that helped answer your question with regard to Microsoft I hope that helped you answer your question John with regard to the magnificent seven out there let's get to Peter's question and Peter's question was about the New York stock exchange advance the client oscillator so we take a look at that Peter what we can see here if you take a look at the screen you'll see in the upper right hand corner you're going to see a series of higher closes out here price moving higher in the face when you take a look at the second panel out here that's the advanced client oscillator of price actually making lower highs that is an indication of a top now of a potential top that's out there these kinds of tops don't get much in the way of traction unless we see that spot volatility in its below its 50 day expansion moving average that's the very bottom panel of screen the very bottom panel screen shows of the 50 days at 1567 the spot right now at 1274 so that says any trade or movement to the downside is somewhat muted out there doesn't mean that we don't have a top and in fact Peter we take a look at the New York Stock Exchange I'm going to pull this chart over here right now I'll put it back you're going to see that today is going to complete a TD nine count top we would expect or should expect that the New York Stock Exchange will pull back and test that 157 31 inch type area out there so I believe the top of the New York Stock Exchange is setting itself as we speak right now we'll be right back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk-free with our 30 day money back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors you got the chart for a Boeing up on my screen out here and I've got the 30 minute time frame chart I believe Dan you took a short position inside of a Boeing if so the key number for you to watch and so this is a 30 minute time frame chart that's why we're focused on it all those red horizontal lines are TD9 count breakout levels for the 30 minute time frame what we can see here is we go back into the October 26 time frame we have not seen a close below we've seen a test of a breakout level out here that was back at about 12 30 back on November the 8th we have not seen a close below a TD9 count breakout level now take us to where we're at at 11.54 in the morning we are testing at 21770 level with bar number eight that says a TD9 count pattern should form on a 30 minute basis between 12 noon and 1 pm today so even if we get a close below 21770 I'd still want to see whether this TD9 count pattern forms and if so what price does on the other hand this level here at 21770 may in fact hold so price is back the key level of support when you take a look at that 30 minute time frame now on a daily time frame and the reason why that's so important is because there is a TD9 count top that completed on Friday and that suggests that Boeing should pull back to the 21047 level so your clue on that is going to end up being closing below that 30 minute breakout area Dan and somehow negating a TD9 count bottom should it in fact form I don't have a guarantee it's only bar number eight at 12 noon so I don't have a guarantee that at 12 30 you'll get bar number nine but you know how to calculate that pattern and if you do then you know what to be watching for there and of course that TD9 count pattern fails that tells you that you're on the right side of the trade and price heads back to that daily asset or a change line Nicholas wanted to take a look at SoFi out here SoFi right now is trading with inside its bullish structured daily profile and if SoFi can close the day above 704 and does the same thing tomorrow it would be signaling to us Nicholas its intent to at least go test the prior swing high that's up at 753 but maybe get up to its profile resistance level that's at eight dollars and 12 cents out there what else can we see with regard to SoFi? not much last thing that I'll do is I'll share with you Goldilocks you want to be careful with regard to gold and let me see if I get there to show us the reasons why right here I'll put it out there real quick oh I'm on the wrong screen I can't do that well we'll get to that tomorrow for sure folks stay tuned for all the great programming have a magnificent Monday I'll be back at 315 with Tom take care we'll see you soon