 The following is a presentation of TFNN. The Traders Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the January 2nd. The terrific Tuesday edition of today's Traders 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 you've been out there having a great day. Hey, 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, it means we can find the gift in every set of circumstance 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, give us a call at 877-927-6648. Now, if you've got a question but you can't call in, we've got you covered. You can always send me an email. Send that off to Steve at TFNN.com, and inside that subject heading, please put radio show question. Of course, if you're inside our Tiger's Den, well, then any in 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 and happy New Year to all of you listeners out there. Great to be with you. Let's make 2024 just simply a terrific year, and we're already going to get off to the start with some signal changes potentially by day's end. So, let's begin by taking a look at those. Let's start by looking at those daily equity future contracts. So, that's where we'll start. We're going to go ahead and switch our screens here. We'll be on the white background screens momentarily. We'll take things one step at a time. So, the first thing that we're going to see out here, you've got the daily ES mini up the left-hand side. Let's actually populate this with our set of tools. It's got a Rosemont Dominicator signal, but still no bearish reversal counter to confirm a top. We are trading right now or testing the bottom of its daily profile. The bottom of the profile for the ES mini is at the 43, 43, 47, 82, 50 level. That's the exact number, 47, 82, 50. We're about two points below that as we speak right now. It's going to be about today's close. The NQ is trading below the bottom of its profile. Oh, none of this is populated. Let me just get that here with the tools. It too has a Rosemont Dominicator signal. It does not have that bearish reversal candle, but a close below the bottom of that daily profile. Really two consecutive closes below 16, 8, 80. That will signal to us a change in trend. Its price projection level then to the downside would be support. That's its TD9 account breakout level. That's at the 15, 9, 94 level. In the case of the Russell 2000, or the Russell 2000, the day equity, the Dow equity future contract. Geez, Louise, Stevie will get it out of his mouth. I promise you. Now, what is kind of hard to see here, you know, simply expand out the chart. I don't know if it makes it any easier. A little bit easier. So we do have a new profile that is attempting to form. Attempting to form because, well, it's attempting to form. We're using Stevie's advanced Doppler tool. Resistance here is at 38.040. Support or potential support. Potential resistance. Potential support at 37.606. There's a Roadsman Dominicator signal that's been triggered. And if we get a bearish reversal candle a day then, that would confirm a Roadsman Dominicator top that would still only suggest to move back to at least the 37.606 level. That's where price would have to close below in order to signal a true change in trend for the Dow equity future contract. Now the Russell itself has a four river evening star candle formation. That confirmed its Roadsman Dominicator top. Price has found support where the buy zone is at. Inside the Russell 2000, that's between 2009-90 basically and 2029. And we see that this morning, Price has pulled back all the way down to 2025. So the Russell has found support. The ESMini is attempting to find support. The NQ is in the mind of its own at this stage here and the Dow needs a bearish reversal candle to confirm a bottom. And it's got at least close below 37. 606 to generate a change in trend signal. Now this is not the only place that you and I look for change in trend signals. Why is that, Steve? Well, because we take a look at the cash indices as well. Sometimes they agree, sometimes they don't. Turns out this morning that even though we couldn't find those bearish reversal candles inside the daily equity future contracts, that is not necessarily the case when we take a look at the US indices. In the upper left hand side, you've got the Dow. Now in the case of the Dow, what we have out here is a wave seven at top. That is letter G that took place and was confirmed on Friday because price did not take out that high. So it does have one topping pattern. It does not have the Roadsmen Dominicator signal. That would be the preferred top for the Dow. In the case of the S&P 500, it has gap below. And I do not know if that gap will get closed by day's end. If price is able to trade up to 47.52, that gap will get closed and then we will not have a bearish reversal candle to confirm a Roadsmen Dominicator top. In the case of the NDX 100, it does have a wave number seven pattern out there, but more important is the gap to the downside. That is a bearish reversal candle. That is suggested that the NDX 100 should target 15.875. That is assuming we don't get some kind of afternoon rally and price reaches the level of 16.758, basically. If we take a look at the Russell 2000, it has a wave number seven top. It had that four river evening star pattern out there and prices below its oscillator and change sign. This suggests that it has a change in trend. The same thing for the Semiconductor index. The Semiconductor index is gap to the downside. That is confirming a Roadsmen Dominicator signal. If price could take out the swing point that it is trading into from December 20th, that would require a close below 4,006.69 out there. That would then signal a pullback to the 36.69 level. It is a steady night out breakout area. In the case of the Dow Jones transports, I do not have a topping pattern. It has an A to B equal seating at the upside. It has not completed that. Price has lost its momentum. It is trading below that green oscillator and change line. So that suggests we could see a further retracement. The NDX 100, much like the NASDAQ composite, same set of patterns out there, the gap to the downside, and as long as price does not tick up to the level of 14.955.37, it has generated a change in trend signal. That would suggest a pullback to the 14.220 level. Finally, well not really finally, but we'll take a look at the New York Stock Exchange. The New York Stock Exchange did not gap down this morning. It does not have a bearish reversal candle, and that's what's required in order to generate a Roadsmen Dominicator top out there. There is no other topping pattern that is in play right now for the New York Stock Exchange. The important thing here for the S&P 500, as we discussed earlier, is that 50-day exponential moving average. We can see that price is testing that right now on my white background system. I've got that printed out at $13.94. If price is able to close above that level, that gives that change in trend signal, but don't forget that could also be generating a one-day rate of change above plus 10%. We'll get that. That typically results into a bouncer bottom on the very next trading session. Now look, here's the deal. If price closed below at $13.95, and the ESMini holds this bottom of its support level, that's the bottom of its daily profile. Again, that's number is $47.8250. If price holds that, then we don't have a change in trend there. We're likely, you can't bust in the downside. We're likely to see price try to bust them to the upside. If we 10S, is that a real possibility? Absolutely, it's a possibility. Why? Because support will have held, resistance will have held inside the spot bottleneck. And in the case of the S&P 500, it would only be two consecutive days to the downside that we'd be looking at there. And that's just kind of your normal three-day, allergic, knee-jerk reaction lows that can form in bullish markets. Steve Rhodes with TFNN, 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 to success, you might find that it's not so impossible after all. 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Welcome back, folks. We've got a couple requests we get to those momentarily. I thought, since the ESMini is testing that support, the bottom of that daily profile and the Spotify Latinx is testing resistance, it's 50-day expense moving average. What we do is take a look what's going on in the inter-day for the ESMini. And here we take a look at the five-hour timeframe chart. We don't have any kind of a bottom pattern. I do C&A to B equals CD. And if we got a bullish reversal candle, that would confirm a currently buy pattern. We take a look at the ESMini for its four-hour timeframe. Bar number eight is going to complete. I believe that completes that 2 p.m. That says it by the end of that complete, yeah, 2 p.m. That says it by the end of the day or maybe about 10 o'clock this evening, you could get a TD9 count bottom there. Two-hour timeframe chart. That needs a bullish reversal candle to confirm a bottom. The 60-minute timeframe chart has a Roadsman to Me indicator signal. If at 12 p.m. you get a bullish reversal candle, right now you got a piercing candle, that would suggest to rally up towards 4792 to 4795. The 30-minute chart has got a couple of different Roadsman to Me indicator bottom signals out here. It's dealing with resistance, and that's really, it's oscillator and change line. That's at 4784. Profile resistance is at 478975. So close, but that would suggest a further rally. 15-minute and 10-minute charts also have Roadsman to Me indicator bottom pattern. So the point that I wanted to make as of 11.19 in the morning, we've got four, five of the intraday charts. It's a 15, the 10, the 30, the 60, and the 240 out there are signaling the potential for a bottom. We've got potential bottoms on the five hour and the two hour chart. They just need those bullish reversal candles to form. So that's what's going on intraday when we take a look at the ES mini. Do not be surprised if support holds and if we get a bit of a rally out here perhaps over the next couple of days. On the other hand, we are moving in towards that unfavorable seasonal cycle. And if the support levels fail, the bottoms of those daily profiles, well, that could be suggesting that we at least move lower into the end of January, perhaps so, longer than that. Let's go to those couple of requests that we have and the first one coming in from Sat P. Sat P wants to buy a few shares in Saba. And the question is where should he do that at? So let's go take a look at those charts for Saba because Saba Sciences turns out that today is going to go ahead and complete a TD9 count bottom pattern. So you've got your signal to go ahead and take a long position. Now, so you buy a few shares and we'll try to figure out whether it should be right this very second which it might be. If price closes below the low of the pattern currently that's the low of yesterday. If we spike below that low at any point in time it would be the low of today. If price closes below the low of this pattern you do not have a buy signal and I would probably jettison those shares and one of the reasons to jettison them is if we take a look at the weekly timeframe chart creating inside a bearer structured profile. Typically when you close below the center sellers have the strength to push price back to support. In this case here it would be $20.49. So one potential buy area from a longer term standpoint would be 2049. But that means the only way we're going to get down there is this TD9 count bottom pattern on the daily timeframe must fail. If we take a look at the monthly timeframe it already has it completed TD9 count bottom. We saw it in with inside its profile last month it found resistance at the top of that profile and that's at 27.02. So let's take a look at a 30 minute time well actually let's do this here you know what I did for you I went ahead and I put those charts I see that I see that I'll thank you I need to finish this. So first though what I did for you is I went ahead and put together this multi set of timeframe charts here just to see if we can get multiple signals with regard to possible buy areas for you. And if I take a look at the 195 minute chart there's two 195 minute bars within this day I don't have a buy signal here. On the 130 minute we've got a TD9 count. You can see this is trading right now into resistance. That's its red oscillator and change line. So a close above 22.83 should lead to a move up towards the 23.80 level. You've got a nice bottom pattern on a 65 minute chart prices dealing with resistance that's up at 23.26 you've got a nice roadsman to mitigate her bottom pattern on the 30 minute timeframe chart resistance up at 23.20 support is between 22.56 and 22.77 and we're trading just about that area right now at a 15 minute timeframe chart nothing there to really assist other than price did get back as we came in that last 15 minute period test and support the bottom of its profile 22.51. So you're basically in the buy zone if you will write about now that 130 minute chart might be the one that you'd wait for again even if you get a close above this oscillator and change line and again the right now that's printed out at 22.83 that doesn't mean you don't have any battles up had because you would one at 23.26 and one at 23.80 but you do have that buy signal on that daily timeframe so if that helps you out set thanks much for writing in let's go out to Jim in Long Island Jim thanks for calling thanks for holding Happy New Year to you Happy New Year I'm looking for Palantir I don't know if we're going to close the gap so we got Fibonacci retracement what do you think? All right well we're going to go ahead and get those charts here populate and I went ahead and put those on this multi set of timeframe chart so are you in this are you looking to get in this are you short this tell me what you're doing there well I basically day traded on a one minute chart and I buy whenever it gaps up over the one minute chart I buy it but I don't know it looks like we're $14 but I'm not sure that's why I'm calling got it okay so first if we take a look at the daily time frame the daily time frame looks to me like it could be setting up an A to B equal CD to the downside and that would actually take us beyond the $14 mark so the B point out here that is dealing with today is from the trading session Jim of December the 6th that swing point did volume of 96 million shares so far today this has done 20 million shares in two hours of trading we take 20 times 3 just you know give approximation that'll get us to about 60 million shares so 60 million is taking out 96 so it's taking out that swing point with light volume now even if it takes out with light volume that does not mean that it won't go complete the A to B equal CD pattern to the downside if it does take it out with volume it just simply increases the likelihood that that is an outcome the one to one A to B equal CD so just closing below the swing point will generate or trigger that A to B equal CD pattern to the downside that one to one price projection would take us down into the prior swing point that would get us back towards the November 1 swing point and that's between the range Jim up between at the low at 1448 and the high at 1496 so that's where it looks like it's headed back to as we speak right now now that's on the daily time frame before I take a look at any other time frames do you have any question about that you know it sounds alright to the gap there you know if I take a look at the daily chart here for Palantir let's see there's a yeah I see that I see that big gap for sure there's probably all kinds of gaps I mean we can say there's a gap because there is from back in May of 2023 now that's never been filled maybe that'll get filled so yeah that's it you know that's an area for sure but what we also want to do is take a look at what else is going on in any other time frame so for example the next level of support for Palantir on the weekly time frame is at 1623 on the monthly basis the next level of support is down at the 1502 level the two-hour the not the two-hour the 195-minute chart is triggered erosment of indicator signal if on that time frame that were to generate a bullish reversal candle the same for the 130 that would tell us that we're headed higher the 65-minute chart it's going to complete a TD-9 count bottom pattern it will do that in exactly 1140 so we've got about another 14 minutes or so for that what should unfold there Jim is a rally up into about the 1715 level but watch today's close if it does close below that swing point from December 6th out there with or without volume that's at 1705 you're likely to get an A to B equal CD pattern to downside you're welcome to hold on through this break we're going to in about five seconds if not, thanks so much for calling and we'll look forward to speaking with you again soon Steve Rhodes with TFNN we'll be right back The 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 You're 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 in 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 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keeps up at this pace so let's go take a look at A to B we'll CD to the downside it's price projection now in the case of Apple it does have a rogment dominicator top it has a wave number 7 top out there and now today it's got the A to B equal CD to the downside so the one to one price projection is about where we're trading right now which gets us into about the 18660 level this retracement here the speed of C retracement certainly maybe I don't even know it's a 0.382 retracement let's assume that it is at this stage of the game what you'd be looking for is a bullish reversal candle the question really from John C is where are the support levels so the first support level is really the top of the weekly profile the top of the weekly profile and this is a gap to the downside I don't know if it will continue to be a gap at week's end if it does that confirms the rogment dominicator top the first level of support John is at 183.27 if price were to close below that then the next area of support becomes the 172.09 174.33 and even 170.12 those would be the areas if Apple gives up the support level on its monthly timeframe that's at the 186.85 area then that would be suggesting that price should run all the way back to 14701 so those are the levels of support that we've got for Apple let's try to figure out what's going on on an intraday time period here see if there's any signals there and on a 30 minute timeframe what do we have here what do we have we certainly have an A to B equal CD to the downside that has been completed we had a bullish hammer candle that completed at 1130 we're getting a bit of follow through right now now this may just result in a counter trend move that counter trend move in the case of Apple John should take us up towards 189.22 I have to say towards because that number is going to change as price moves up and down that's the Acer and Chains on for that timeframe if in fact price was able to close above that area then we'd be looking at a move towards 191 to 192 now that's the 30 minute timeframe the Acer and Chains on is going to be messed up as I change times here because I've got it specifically set to that 30 minute timeframe just looking for other possible bottom patterns here on the 65 minute timeframe this candle here is going to complete at 1140 I believe so we've got about 7 minutes there this is confirming a buy the D point pattern at the moment it has a bullish piercing candle maybe 7 minutes from now that goes away I don't know let's take a look at the 130 minute timeframe chart see what kind of signal we have here intraday we've got nothing there let's take a look at the 195 minute timeframe see if there's any signal there and there is not so it's really back to that 30 it's back to the what yeah it's back to the 30 the 65 and the 130 minute timeframe charts for you to monitor out there but it does suggest we should see a route at least we've got the bottom signals intraday with regard to Apple to suggest that that is a likely outcome so hope that helps y'all both with regard to support levels and resistance areas on any rallies out there and that's what we've got so thanks much for starting us off in 2024 actually it was Jim that started us off in 2024 let's go to our next request this is coming in from Dano to take a look at the GDX out there in the case of the GDX what do we know about it well we know that it is consolidating with inside its profile levels those profile levels are between 30 46 that is support and resistance up at 31 62 what else do we know on the weekly timeframe that price found resistance at the top of that weekly profile did that two weeks ago that was at 32 36 if price were to close below 30 46 the area of support in the case of the GDX would be at 29 99 on a monthly basis the GDX has support at 29 56 and 30 09 let's take a look what's going on on an intraday basis out here and on an intraday basis this is a 30 minute timeframe the 30 minute timeframe has a wave number 7 the bottom out there that so far has led to a rally towards its oscillator and chain sign that is currently printing at 30 83 even if pricing it above that 30 90 becomes resistance it's real resistance level on any kind of concerted rally would be between 31 26 and 31 34 out there but you do have a bottoming pattern for that timeframe do we have that for a 65 minute timeframe excellent question I don't know but we're going to find out the answer and the answer is the there is a 10 minute 10 minute there is a 65 minute TD9 account bottom which would only be negated with a close below 30 68 so you may want to watch the 30 68 level out there for the GDX they've got two bottoming signals at least intraday out here and prices consolidated with inside of support the other thing that really needs to be considered when trading the GDX is certainly the price of gold and what gold is doing and the reason for that is because of their directional correlation so let's take a look at what gold is doing and we can see here that what gold did earlier in the day it's got a nice TD9 account rose mid-dmiticator top for its five hour timeframe and what did price do it sought out support and where was support support was at 20 65 50 and 20 70 even Steven that was a TD9 account breakout level and the bottom of that profile gold is held support for the four hour timeframe which has a TD9 account bottom it's held that breakout level 20 69 40 as well what else do we have here Steve would have to Steve you would have to say not much but on the daily timeframe we can see that price right now is dealing with oscillator and change line support and that's probably the key is level of the day Dano and that level here this will probably assist you with regard to the GDX right now that oscillator and change line is 20 72 if price were to close below 20 72 odds would favor a move back towards 20 41 20 29 area out there and if that unfolds well we're likely to see the GDX also moved to the downside of course we need to depend upon when that move floor took place it was after hours and then it rallies from there because of fine support well then that wouldn't be the case but that's what I see when I take a look at the GDX specifically combine that with the gold contract out there and so we know that gold is trying to make at least 20 bottoms out here and it's testing a daily key level sport that's it's oscillator and change line so Dano thanks much for the request and happy new year to you Dan inside the Tigers then would also like to take a look at s and D so let's fire that up on our screen out here will take just a moment for s and D to populate and s and D is smart sand out there so it's going to be a nice rally trading right now and about the 206 level it is trying to take out its TD 9 count breakdown resistance area that is at 203 a close above that is going to suggest a further rally the further rally is where the defense is at and you've got defenders at 209 and defenders at 217 you clear 217 and you're off to the races those races should take us back towards its swing high that's from the week of September 22nd and that would be between the range of at the low of 229 at the high of 248 when I come back to the daily time frame chart for sand we can see a nice TD 9 count bottom that completed on December 13 on December 13th there was also a wave number 7 bottom that was confirmed on the very next trading session December the 14th see a nice bottom out here Dan price close above 203 today you've got a change in trend signal but you still have those battlegrounds up above so if that provided you with what you were looking for if not let me know and I'll make sure I get to that information Steve Rhodes with TFN and the Dow all new assentencies are trading to the downside not so with the sectors inside the S&P 500 we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility 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requests in the system let's take a look at the euro we're going to do that right now the New York Stock Exchange for the seasonality for the semiconductors if you've got a question as well go ahead and get them in Steve at TFNN.com 877-927-6648 or any ping inside the tiger's den so we take a look at the euro out here what do we know about the euro well we know that I'm going to open up the monthly time frame chart if you want to see a trend line that can act as both support and resistance out here the euro's got it we're looking at the monthly time frame chart Peter if you just simply draw a line from the low of the trading session of January of 2017 and then you attach that to the low out here of March of 2020 what you'll get is that nice little trend line we can see that that is really held up as resistance the only time it didn't really act as resistance we closed just above it by a smidgen that was back in April of 2023 again this is a monthly time frame chart so we know that resistance is holding support is also holding that's at that red osso and change on that's at a buck 06 right now that's longer term that's a monthly time frame chart so it's a weekly time frame chart so it's a beautiful teeny nine count bottom that took price right up to where the rally should have ended and that was at the teeny nine count breakdown resistance that was if that was a strong resistance line turns out on the monthly basis it is absolutely strong resistance on the weekly basis it too was strong resistance now that's at 1.1065 now what we should see is price pullback to test support that's at green osso and change line that's at 1.088 if price were to close below that that's a signal of a further retracement the daily time frame does still have an a to b equal cd pattern however prices now below its green osso and change line that increase the odds of a further retracement in order to really understand those odds we need to see what's going on intraday on the 30 minute time frame what we have is a negated teeny nine count bottom but is there an a to b equal cd pattern to the downside peter i don't know but as we open up the charts we do answer that question is yes so we can say is there is an intraday by the d-point pattern the pretence for a wave number seven pattern to form over the course next 45 minutes or so and your resistance area out here is certainly it's red osso and change line but the price can move above that 1.097 would be the target 1.103 would be the final target to the upside on a rally that's the 30 minute time frame chart turns out that on the hourly time frame chart you could don't know if we will but you could get a teeny nine count bottom but regardless of that if we had an a to b on the 30 minute we've got the a to b equal cd pattern on the 60 minute time frame so therefore if 15 minutes from now we still have a bullish reversal candle price should rally towards 1.097 same thing on the 120 minute time frame chart it's rally target 1.099 the four hour time frame chart price pulls back tested second breakout level at 1.0939 so we're at an area of support for it's four hour time frame the same is true for the five hour time frame so longer term it looks like the euro is pretty much french toast out there that is unless it could take out that trend line we looked at a monthly time frame and it's TD 9 count breakdown resistance area at 1.1065 you should get some type of short term rally because of the 67 percent weight and I believe inside of the US dollar index that would suggest the US dollar index should pull back a bit that would suggest what that gold should rally a bit the gdx as well kind of fits in line I believe with what we have spoken about thus far so Peter I hope that provided the information you were looking for inside of the euro if not please let me know what that is and I'll be happy to get that to you Peter had a secondary question for that we're going to change screens for that we're going to go take look at the advance the client oscillator for the New York stock exchange that's a mouthful and somebody might say what the sand heck is that Stevo what that is is that measures the advanced client oscillator is measuring the advanced the client line for the New York stock exchange just out of curiosity we can turn that on as well just see what that's doing I don't know where we finished the year out here but let me see if I can go find that one I know I can find it it's just going to take a moment or two here is our advanced the client line that should now open up in panel number two so we were not at a new all time high by the way the all time high for the advanced client oscillator back in twenty twenty one out there but we are on the rise out here I don't see a I don't see that but anyways the advanced the client line allows us to create an oscillator and that also does the difference between the nineteen and the thirty nine period exponential moving average for it and that's what you see in panel number three out here what you'll see is that price right now is sitting still above zero it's at seven is the reading above zero tells us that buyers are the ones that are still in control if we close below zero does that tell us that sellers are in control it does if we close below it tomorrow but first we have to close below it today so you got the yes many excuse me sit in support with a number of inter-day bottom signals spot phalotenics dealing with resistance that's a fifty day expense moving average and the advanced client oscillator for the stock exchange still in the hands of buyers out there hmm something to think about alright so that took care of those two things Mr. Bill would like to take a look at the seasonality for the semiconductor index let's take that oh let's take a look at that Mr. Bill this is ignoring the seasonality on day one of twenty twenty four because we can see that January is the second most over a period of twenty nine years January has been the most successful trading month the most successful trading month for the semiconductors when they are really in full swing with moves to the upside that is in the month of November we can see that by looking at the bottom right portion of the semiconductor index seasonality chart sponsored by the folks from season X great set of tools out here so this suggests Mr. Bill that the semis should continue quite frunky to really rally up into about the time frame of July July is typically when the semis for their high out there there's another high that comes in in that June time frame but the ultimate high typically doesn't come in until that July time frame and what we are supposed to have is some type of rally up into that now what you and I know you didn't ask about the semiconductor stocks but we should go take look at those just simply because you asked about this so to do that let me see if I can get those fired up I might already have them fired up or did I delete that oh Stevie did you do that oh man hold on hold on you get back to one other spot there we go okay no no no I put Palantir there why did Stevie do that oh that was a mistake but we're going to put the semis up there anyway so just give me a moment to get this going we'll go ahead and switch the screens out here we're going to go take a look at what the signals are telling us about the semiconductor and just we took a look at what the seasonality pattern was we can see at least for day one that it's not following along so let's go ahead and move over to the white background screens while these things populate the upper left hand side is going to be the monthly time frame the next to that is going to be the weekly time frame so the weekly time frame says as long as this week price close above the close of bar number five seems like it should be able to do that 377417 by the way is that number then we're going to get a TD 9 count top now we've already gapped down that would confirm a weekly rogment indicator top the last time we got a confirmed rogment indicator top was back here that was in July July of what was really August the fourth out there on a weekly base remember we saw the seasonal pattern for the some eyes and typically they form that high in except the July time frame or price moves lower into the November time frame a boy last week was to the T out there so the weekly chart though the signal here Mr. Bill looks like TD 9 count a rogment indicator top with 3945 being the price target and on the daily time frame that price target could get us all the way back to 3669 Steve Rhodes with TFN 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 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pay attention to today here we've got the 60 minute chart and in less than six minutes this candle that's currently in place is going to go ahead and complete what this is at the moment is a bull sash candle looks like it's going to retain that bullishness that it needs for the next six minutes of course things could change out there as long as it retains that you've got a buy the D point pattern now that by the D point pattern should result in a rally up towards its oscillator and change line that's currently printed at $16,847 remember the bottom of that profile is $16,880 so you want to keep a track of what happens certainly on this time frame there's other bottom signals as well we take a look at the NQ the 30 minute chart has a rogment to indicator signal now the cool thing about this and it's important to put together multiple time frames here it's kind of like you're a quarterback and you're checking things down and here we can see on the 30 minute time frame you have a beautiful rogment to indicator bottom that confirmed at $1130 when that bullish bull sash deal with resistance so if it's only a counter trend move price will find resistance at that $16,786 level out there we're trading above the high of the prior candle not unless we close both the current candle out there can we say that while resistance is held and prices getting ready to pull back if price can close above $16,786 that suggests they move up to $16,835 or even $16,889 again remember $16,880 is that key level inside of the NQ that is the bottom of that daily profile if that holds holy shnikes out there and with regard to other intraday signals well you've got that 15 minute rogment to indicator bottom $16,800 is a resistance level and on the 10 minute chart price to deal with resistance as we speak right now that's at the top of its profile that's at the $16,778 level folks great to begin with 2020 with you let's make this the most fantastic year possible let's work together like a team team TFNN or hotel California as we like to say have a terrific Tuesday folks I'll see you on wonderful Wednesday