 is a presentation of T F N N. Traders Edge. With Steve Rhoads. Toll free at 1 877 927 6 648 or internationally at 727 873 7618. Traders Edge. Now Steve Rhoads. Now fabulous Friday edition of today's Traders Edge show. I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Let's make sure we have a great day and a great weekend and the easiest way to do that is to always remember that life is always happening for us. Not to us. That's right. We need to 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 we're going to go check on the circumstance of these markets. We're going to go figure out what these bulls and bears what these buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here but much more than that. So feel free to pick up that phone. You can dial on it at 877-927-6648. Phone lines are free. You can also send me an email if you can't give us a call. Steve at tfnn.com. Inside the subject heading please put radio show question. Of course our Tigers Den will any ping will do. So let's go ahead and get this show started on wonderful wonderful that'd be wonderful Wednesday but it is fabulous Friday out here and we can have that posted for you. We can all see what the markets are doing right now. We've everything is mean and green. Yep, lit up green. The Dow is up 90 points. That's a third of a percent. The S&P is up six. That's two tenths of a percent. The index 100 well it's flat. It's up three points but it's still green. Probably not mean. Russell's up five points. Three tenths of a percent. Summars are up nearly two tenths of a point one five percent. Two points so flat. That's not up. That's down 52 cents trade out of 1261. Gold's off a buck. Silver's off eight pennies. Lights we've screwed down 49 cents. You've got natural gas up seven pennies seven and a half cents out there. You get the 30 year treasury that's up eight ticks and the leaders to the upside. Our net ease up 14 splunk 11 regeneran 11 and change biogen eight Corona therapeutics up six. The losers to the downside dish network is off 34 bucks while. 92% is that right. Must be right. Miss screened can't lie. Test something something going on there. You've got Tesla off 19 bucks or 5% in to it up 13 or 5% transdigim group down 13 about 2%. So now no request so far it is a quiet Friday. Maybe everybody has begun their their travel out there and of course and if you are you know drive safe be careful. I'm going to give us a call send me email something along those lines but let's just simply go take a look at the markets try to get a figure try to figure out what they are communicating to you and I actually want to do is here just before I came on the air. I did the following thing just out of curiosity here I want to went to my old my oldest not that old but went to take a look at the global flow of capital around the globe just as we're taking a look at the performance of the major indices and some major instruments during since the beginning of 2019 out there most people would think that you know it was the Dow or the S&P 500 that is leading the percentage change out here now we're taking a look at a weekly base so it's not going to be exactly on January second out there my charts are posted guys in the den please please please not in the den. Come on guys please we got our listeners our target TV they're not seeing anything the folks in the den. Let's get this let's get this rolling. John my apologies I'm sure they'll get this thing up here ASAP. I hope but let me just describe to you what it is that I am looking at and the actual the major indices out here no major I'm looking at the Australian 200 Gold T bonds currencies light sweet crude emerging markets and then the Goldman Sachs commodity index out here still no charts. I mean nobody's listening to me I guess that would nobody in the production room hello I'm not going to knock it on this microphone but it's not really working there we go okay I think we're getting it okay so now folks so what you can see here I'm going to go ahead and go ahead and go ahead and look at this thank you very much in the production room how they are performing in terms of dollars US dollars euros yen pounds and interestingly enough I didn't know this maybe you knew this but I didn't know this that a it is the DAX that is the winner. Going back 46 weeks so the only you know difficulty with this tool here my rate is 25% in terms of the DAX in dollars and it's up 27% in terms of euros out there but the reason that I did that was I wanted to see what's first I just want to see what that was going on but then when I saw the DAX I said okay I know what our markets are doing I know the different patterns that are in place for our markets on the daily timeframes that is what are the what are the patterns inside the time frame and lo and behold this has confirmed a rose momentum indicator top it has confirmed a sell the D point of the A to B equal seating it did this on the trading day just a couple days ago when price had gapped down this is on November 20th out here so the DAX also has a topping signal out there but look we got to go to our call ahead seating and that means we're going out Brent thanks for calling thanks for holding how are you doing this morning I'm doing great Steve having a good day having a good week having a good year how about you that's a beautiful thing that sums it up let's have an even better year if we can yeah should be looking forward to it they've all been good so far looking forward to the next one that's great that's great okay so let's take a look Occidental Petroleum right this is what we're looking at out here yeah I'm walking this stock I did have a question for you on the daily and weekly chart I don't know if they qualify as a three drive to a bottom and I guess they're pretty close and then on the weekly I wasn't sure if that would qualify as a hammer candle so I just wanted you to take a look at that absolutely let's look at the weekly chart first because what's nice about the weekly chart here for Occidental Petroleum is it's confirming a bottoming pattern out here the rose momentum indicator bottom and yes this is a hammer candle of course it's all going to be a hammer candle as of 1.13 in the afternoon both you and I don't know what it's going to be at the end of the trading session but if this were the end of the trading session then on a weekly based on a long term what you have is a nice confirmed bottoming signal it's the first one that we've seen rose momentum indicator bottom I should say ever since the rose momentum indicator top formed inside of Occidental now that's the weekly time frame you would ask about the daily time frame so let me pull back here and see what signals we have on the daily and not the same not really the same setup here now the question was is a three drive to a bottom pattern out here and Brent I'm going to switch over to my black background chart just I think it's visibly easier for you to see why I would say well let's first let's go measure it so in order for a three drive for me to do it I don't like the force patterns here let the patterns let the patterns work and if they work they do and if not then it's not one of those patterns so the first three drive to and what I mean by that if you're looking at the lows here from or the trading session of June 5th and then the oh shoot Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and Forex headed by Steve Dahl Taz 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 Taz 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 dot com today and you'll find the task profile scanner under the services tab sign up today are you in the market for buying or selling real estate in the bay around St. Petersburg Tampa 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a little off my game there Brent as we I just kept talking even though we were going into a commercial but the walla when I when I pulled this chart back and I don't know if the one that you selected the same dates that I have but let me tell you the dates that I'm using that do show a three drive to a bottom pattern and a perfect one because in this case here we're not having to we're not having to force it what I mean by force it is the first drive the first low that I'm using for that pattern is the low of June 5th and then the second low that I'm using is the one that forms out here on November 14th and then 57 more trading sessions takes us to a low that forms out here on November 14th now there's your three drive wasn't confirmed until two days ago two days ago on November 20th you probably picked up on this Brent because that was a key reversal session similar to what you had been looking at in one of the one of the marijuana stocks I think it was or maybe the ETFs out there and so just what you're looking at in this three drive to a bottom pattern looks like is that so you've got your bullish reversal signal and this would suggest a price right now is trading above the top of its daily profile that the price at least at a minimum should bounce up to 4230 that's going to be the next level of resistance so you've got a nice bottom on the daily and a nice bottom on the weekly time frame I think in the meantime I'm getting paid to be in it and I think it's hopefully this is a bottom you never know but I think it's one of those you just try to give yourself the best opportunity if it happens success and I think there's some potential in this one let's put it that way no they're definitely there most certainly is potential of a bottom you've got look you've got signals on the daily you've got them on the bottom pattern that we would be looking for would be some type of bullish reversal candle now I you know I don't know that we would take quite a move in order to get that during the month of November but you most certainly could get that in December what is nice about this it's not that far off of the bottom the instrument that is and because if the low holds so let's say potentially the hammer candle on the weekly we looked at on the daily time frame but that if that hold fails well then it was a monthly chart that was the overriding factor out here and with it forming an a to b equal CD pattern to the downside you know would probably wait for it for that signal to form but right now Occidental petroleum looks like a buy to me. All right that's you know what I thought as well so I made it around mid 38 so I'm going to go ahead and again it pays a nice dividend to see what happens with it and really appreciate your help as always just have a fantastic weekend and and I'm sure I'll talk to you are you going to be a next week are you taking yes absolutely so well next week schedules for me will be as follows Larry is going to be out of town and so I will do his show on Monday and Tuesday from 9 to 10 and that will be a Wednesday I'm going to spend the day with a couple of my daughters and so I won't be doing the show and then Friday my don't believe I'll be doing the show on Friday there so just Monday and Tuesday of next week okay well just have a great thanks given if I don't talk in between now and then okay thanks you too and then thanks for sharing the instruments that you did this week with everybody listening here all right take care Steve I'll talk to you soon that was Brent in Martinez California so we were always I mentioned the DAX earlier so so this is kind of interesting so the DAX itself has a topping pattern and topping signal if we take a look at our markets out here to show you the topping signals that are in place right now in all four of the equity futures contracts that slightly different dates really come between the Russell 2000 and the and the other three out here but each of them you can see the arrows the blue arrows they represent the confirmed TD set up nine count so we've got four all four of these equity futures contracts have indicated topping patterns now there's more out there as well the DAO and the DAX looks similar not exactly the same but looks similar if what we will see is that the equity futures contract has confirmed an A to B equal CD pattern as well and it did it with that key reversal bearish and golfing session so we're seeing right now in the markets and what you should have noticed on the prior chart that we looked at much easier to see I think on this chart is that what price is doing was we're seeing a little bit of a counter trend rally or it appears to be a little bit of a counter trend and we're seeing a lot of resistance out here and that's the B's green line that's 27879 so you got 27879 write that down on your pad of paper if you have a pad of paper and if not 27879 and if we look at the other level of resistance out here it's a 27864 and what we're looking at is a chart number three or two from the right hand side of the chart and right now it is the Dow that may be the leader out here with regard to generating some type of signal for you and I could be a bullish signal could be a the rally is over signal I don't know which it will be nor do you but here's what we do know we do know that there is resistance at 27864 and then at Stevie's green line inside the Dow equity futures contract 27879 and that's what we're looking at and that's what we're looking at and that's what we're looking at for me so we'll use the one that is the more difficult one to clear but if there's a close above 27879 today that's only another 45 points from where we're trading so it could do that in the blink of an eye then that puts into question makes the topping signal not suspect of resistance so hopefully you kind of see that whole factor now if we look at the S&P 500 or the ES mini as an example if we take a look at it this tool we you and I looked at it's got the TD set up nine count doesn't have an A to B equal CD confirmation pattern but we can see 3118 3119 really is a Stevie's green line and 3120 3121 is the top of its profile out there really kind of a beautiful thing in a beautiful set up out here what we will find out over the course of perhaps the coming days maybe even today I don't know is its price going to get up to those resistance levels clear them making the topping signal suspect or is it going to get up to those levels and that's where the turn begins so we've got topping patterns on these four instruments we have it on some of the cash indices as well we have it in the DAX which has been later for the year out there and I just think that is a beautiful thing there's a set up here for a top it's sitting right there Satish wants to take a look at ticker symbol ZTS ZTS let's go take a look at it see what kind of signals we've got here ZTS is a Zoetis and I'm sure I totally blew that but we are going into a hard break this time and I am not going to blow it like I did the first time around so Satish just wait until we come back from this break and we'll take a look at it that is ticker symbol ZTS TROATS with TFNN 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 your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes, author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use to form 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 TFNN.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 too sign up today the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial with his powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading 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methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys, ABCs, butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com for more information just click the thinkorswim banner on the front page of TFNN.com we're going to look at ticker symbols ZTS that is Zotis ink let's go ahead and get that chart here up on the screen for one of our dinners and who has long this ticker symbol so so far everything looks good we take a look at the daily and the well let's go take a look at the charts here's what we know we know that the daily top with a TD setup nine count pattern out here did it with also a roads momentum indicator top all of that led to a TD setup nine count out here you've seen a nice move off of that bottom price is pulling back today your preference would be to see this close above the top of the box but at least one 1901 that is Stevie's red line if price were to close below Stevie's red line 1901 ZTS put on your seat belt you may get a retracement back to one 1717 1606 if price test one 1901 rejects it that everything looks pretty good you could see move up to one 26 27 out there that is where price had broken down right now the daily time frame chart looks okay you've got just a normal pullback as we speak right now but watch that one 1901 on the weekly time frame chart out here no bottoming pattern you've got topping signals that's for sure but you do have a hammer candle from last week so a satish you know the rule out here if you see a close below the low of a hammer candle if you're long you're wrong and what that would mean in the case of ZTS would be this would likely be headed towards the 101 54 to 96 89 area so the weekly says caution the daily says it has formed a bottom and as long as it stays above Stevie's red line you should be okay and the monthly chart out here which has been a just a massive run you know off of its IPO out here but it does have a TD set up nine count top it has a roads momentum confirmed top and right now prices sitting right on Stevie's green line so you've got to watch this because the longer term charts may be the rulers out here and right now the weekly says caution and the monthly definitely says caution but doesn't say sell just yet price close below Stevie's green line at the end of the month this could pull back nothing wrong with it to 85 39 would feel like there's a lot wrong with it but there would really be nothing wrong with it price would just be coming back to where it had broken out so I hope that helps you out with ZTS speaking of Z's one of our dinners Z wants to take a look at some of the perigee or apigee pivot points out here let's go take a look at them we've got apigee and I specifically was asking about the end well let me just do this here because here's our four different equity futures contracts let me just clean this chart up just a tad and here we take a look at the apigee pivot points some of you out there might say well what in the Sam heck is apigee and that is the point in time during the lunar cycle when the moon is closest to furthest from earth out there now I don't I think we've got perigee coming in this weekend that was my recollection am I correct about that John I don't have my I don't have those tools open up right now but when I looked at it thought about a week ago I thought it was coming in over the weekend so I hope that that's the case I think that's still the case out there yeah it's not now or next week maybe it's during the week so in any event out here the when both apigee or perigee so apigee is when the moon when the moon is furthest from earth during the lunar cycle and perigee when it's closest how do you remember that how can you remember that you got apigee and perigee A and P A you would think would be the closest it's not it's just the opposite so you just have to remember that just a little mnemonic out there just a little mnemonic you know mnemonics are right in any event out here if we take a look let me get right to the question then I can go ahead and sidetrack in anything that I'd like to sidetrack into but typically and for reasons unspeen I'm not going to do that I'm going to do it for a couple of years only because if I'm wrong then I would look like I've got egg on my face not that I don't like egg on my face but no reason for me to share with you something I can't confirm but I pretty much think I know but in any event out here typically they act this pivot point this specific point in time exact to the second I don't really use it to the second I think I don't know if I've got it as long as I mentioned that perigee now I'm pulling it up it's November 23rd yeah that would be tomorrow it's 738 in the morning we can back that up for five hours now the market's not open tomorrow so what do we do there's no market that's open well then we have to use today's close and Sunday's open Sunday evening's open for the equity futures contracts or whatever it is you want to use the perigee pivot point for and what it does is it really acts as a supporter resistance level out here most times it works better than the way that these charts look right now so during this cycle having seen that it really didn't act the way that it normally does John I just kind of put it off to the side a little bit as a but you're asking specifically can I show the chart as it relates to the NQ so if I just simply put this up and folks I use a 30 minute time frame you can use whatever time frame you want out here it's not that it's not totally working just not as clean as it normally is but if you do take a look at the decline that we have seen out here you go back to November 20th today's the 22nd you'll see that what price basically did was stopped at that pivot point now we're looking at the candle closes I don't really care about the wicks out here not that I don't care about them but I don't care about them the essence of price is the body of the candle it's not the extreme emotion of the candle that's exactly what the wicks are out here but look at how price has held that area in some case we take a look at the body of the candle I mean like right to the actual I mean right to the T out there well I don't know if it was right to the 8265 that was oh wait wait the open the open the open open open open open 8249 75 it was right to the T this is a 12 noon yesterday how does that work it's a it's a floater it's a point in time of the location of the earth the location of the moon out there in relationship to the earth and its proximity closer far out there look folks I spent thousands of dollars thousands of hours literally both looking for an edge this show is called the trader's edge I've actually found the edges some of the edges I found because I was looking for one thing talk about how things happen for us not to us during the process that I was studying all of the lunar cycles what I mean by that was I downloaded the entire new American ephemera digitally I didn't download it I paid the guy to get me those digital files out there I actually I think it's 600 years worth of data that's a lot of data isn't it so I can go out about the next 300 400 years or so and tell you every apogee perigee pivot point full moon new moon just that the other thing but but ran all of those things ran all of those things to try to find an edge what I mean by an edge is something that worked a majority of the time I have plenty of coins that I can flip out there I'm not really interested in a coin flip out there I'm interested in something that works and this was the only thing and I can get a lot of hate mail from all of the folks out there that are are are celestial enthusiasts out there I've done the work I've done the work and I can tell you this is the absolute best tool that I have found most consistent tool but there are times where John it just doesn't work as clean as it does that's okay it's wait for the next cycle that's this weekend folks watch today's close Sunday's open to understand whether the message is bullish or bearish period the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the target first mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the target first mortgage program you can call me at 877-518-9190 that's 877-518-9190 up to date, affordable and a 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 30 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.com and click the newsletters button near the top of the page TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course or L.A.B.D Direction's daily S&P biotech three times bull and bear ETFs visit directioninvestments.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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com Tiger TV for the latest to market information welcome back folks so Sylvie wants to take a look at a couple of different instruments one is Discovery Inc which is a beautiful looking stock chart if we take a look at the long term stock chart now when I say beautiful looking what is it that I mean specifically well first we take a look at daily, weekly and monthly profiles prices trading above those Sylvia so it's clear resistance thus far of course the month is not over the month and see where prices trading into and when I say trading into I'm really referring to the swing point from that began on November 1st out there that's what prices trading into that was a swing point that did 85 million shares 84.5 is what it did you're at 83.8 right now so price on a monthly base only at 22nd is moving into a swing point with volume so what does that mean to you and I means that it should at least test the high where it's going 34.89 you're really asking me hey where is where's the time to get in and you're saying okay okay got it got it so you're asking where to get in and so the monthly chart really wouldn't be the tool the chart the time frame that we would use to really get in but I'm just trying to help you understand where is price going if you take a look at the swing points on a weekly basis you would look at July 15 25 million you're already at 27 then you would take a look at the swing point from November 5th 24 million you're already at 27 million again you're getting confirmation that price wants to go test those recent highs those recent highs again being 34.89 when you're looking for a bottom what I really prefer that you do is buy those bottoming patterns versus the breakouts where we're at right now it's breaking out it's moving higher but always a difficult a more difficult to go invest in was it accidental petroleum was that what Brent had called about let me just look here because you know first Brent's an amazing trader one of the best fisherman that is out there is provided each of you with a couple of really great trade insights this week and just I'm just trying to find out where where do we start just so I can make sure I've got that where is it where is it she's yeah accidental patrolling OXY I'd rather you buy by that because it's closer to a bottom so the bottom out here in discovery came right here on November 20 I'm sorry September 23rd out there now you might say God Steve you're the you're the most amazing technology guy because you can tell me what took place on a chart to your left side no that's not how we call the bottom even though that's a low you and I use a handful of tools just a handful TD set up nine count A to B equal CD easy to understand right along make sure you've got your bullish and bearish reversal candles you've got your seventh wave move in the Chapman way by the way the A to B equal CD that encompasses the Gartley the butterfly the whole nine yards out there the roads momentum indicator top and bottom those four alone just those four we'll give you a plethora potential tops and bottoms out here in this case here it was a bottom on September 23rd price moving lower doing less route of energy generating that bullish reversal candle known as the piercing candle and then simply Sylvia because you mentioned that hammer candle out there you have a little fun with me on that hammer candle well you got a doble a G you got a hammer candle on October 2nd which was really just confirming that prior bottom now on the daily frame chart we can see prices moving higher doing less relative energy doesn't mean it's a top it only means it's a top of we see some type of bearish reversal candle so I cannot it's only going to be day five of a TD set up nine count but I cannot suggest to you that you go ahead and enter into a long trade out here I'd rather you buy bottoms and and rather you learn that pattern and if you don't know that pattern just subscribe to Mastering Probability and spend the next 29 days if you don't want to pay for the full subscription out there go watch the workshops there's five or six of them that are out there to describe that specific pattern look for that look for that to be able to buy those bottoms and enter a trade that's going to give you your better risk reward you'd ask about ticker symbol AG IOS as well so let's go take a look at it although AG IOS I'm not getting anything so my apology Sylvia I would look it up but for whatever reason and my typing skills apparently they're dead on dead on balls accurate right now but I'm not being able to pull up a instrument out there so anyways best of luck thanks for writing in have a great weekend polar you're you put forward in there haven't go see that movie tonight Ford versus Ferrari anybody seen it it's too late already I bought the tickets and so hopefully it's a good movie and if not well that's what Steve is going to do with this Friday evening they're going to blow off the old sushi event to go instead just have a little popcorn and a glass of wine and nothing goes better with popcorn than a good glass of Cabernet out there okay so what do we want to look at next no requests out here so the phone lines are open eight seven seven nine two seven six six four eight and the email line well that's always open but send them early because I guess we got about two and a half minutes then we go into the two minute wrap and hey folks remember on Monday and Tuesday of this coming week I'll fill in for Larry do the nine to ten o'clock show I'll make it as pertinent as I can as always for the one to two it'll be replayed then and then my holiday weekend in essence starts Wednesday Thursday Friday Saturday fun day out there so so that's what's going on in my world let's go take a look at some other instruments other important things to look at what do we what I don't know what those are well let's go take a look some of the usual suspects right let's take a look at Goldilocks it's off sixty cents out here what's gold doing not much a gio okay Steve oh thank you hey Sylvia you've got you've got a wingman Steve oh not me not this Steve oh the Steve oh from Alaska I believe that is that is in your court so we'll take a look at it in a moment but Goldilocks here you can see the descending you tell me folks is gold in a in a in a an uptrend or a downtrend which trend downtrend clearly downtrend channel line out here a to b equal CD pattern which we could draw in price right now just simply consolidating between support and resistance 1453 support 14 1474 is resistance that's another amazing thing you want to talk about apigee and perigee you probably don't but I want these task market profiles you start asking questions how does that work it's not perfect which is why I use it because I'm so far from perfect that it just kind of works for me out here but look at how price over this entire week the more than this entire week you can take a look at each time the rally that we've seen if you want to call it a rally a move higher in gold come back to November 14th where it price stop the top of that box 1474 where to stop November 18th the same thing how about November 19th the same thing how about November 20th the same thing about yesterday the same thing you know what Tom likes to say I think it's a great expression out there you can't bust them up what are you going to do bust them down now if that's the case where do you think gold is headed to straight right now 1463 you're exactly right it's knocking on the door 1460 and 1453 and folks this is a bullish structured box 1453 30 fails where is it headed to that's right the bottom at descending price channel which lines up with 1412 10 Steve Rhodes with TFNN we'll be right back we'll go take a look at A-G-I-O courtesy of stevo in the den 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 legs to the upside before declining sharply later Basil found the computer software which included the standard market technical indicators enhance 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 of Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1,500 and the 10 year treasury trading is occurring at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the XAU HUI GDX the dollar as well as more than 30 different mining equities as of September gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting TFNN.com you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Niko our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty amino acids and an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Niko and page of living a primal 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 so to finish out the show we're going to take a look at ticker symbol AGIO the company name is AGIOS AGIOS Pharmaceuticals Inc. and so in this case here Sylvia good job you have found a bottom I don't want you to buy it today though now when you say you found a bottom again no different than what you and I were talking about earlier what we talk about each and every day I my apology for boring each of you to smithereens so to speak but it's just this is just you and I going fishing you know and when is the time to go ahead and throw that line in and try to catch one well if you're doing some bottom fishing out here that took place on November the 2nd you don't even have to use a whole lot of bait out there that's because price was moving lower doing less amount of energy nice bowl reversal signal the old bowl sash candle so you've got a nice bottom out here now Sylvia you're not going to buy it today you're going to be in day number and we can see that just a few days ago stevie's green red line turned green and you and I know what that means that means we should see price and that line catch up to each other and that's what you're really looking for is that test right now that line level is 35 31 wait for a test a test and rejection is bullish and would then suggest that price will move up to its breakdown area and that'd be 43 35 but the daily chart looks beautiful and is suggesting that we should see some kind of pullback now I don't know when I don't know if it begins on Monday or Tuesday or Wednesday just simply stay tight on that if you'd like if you want to go ahead and venture in to the deep end of the pool then go ahead and do that because the weekly time frame chart shows a TD set up nine count bottom roads momentum indicator bottom but again stevie's going to say just just hold off here beautiful bottom on the weekly but if I were to ask you where's resistance here you would come back and you'd say I'll be back on Monday and you're at 37 42 and the high so far this week has been 38 35 so real close to that resistance level so you're on to something here but look for the next retracement and ticker symbol A G I O folks thanks so much for being here stay tuned please two great hours to close out the week David White followed by Tom will Brian I'll be back with you Monday morning and Tuesday morning nine to 10 and I look forward to seeing you then take care