 The following is a presentation of TFNN The Traders Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now Steve Rhodes. Hey, good afternoon folks. Welcome to the August 19th, the terrific Thursday edition of today's Traders Edge show. I'm going to kind of cut with the normal opening here. I'm right at the precipice in my throat where it's like it could just give way and I could start just hacking away and coughing. I don't want to do that. So we're just going to try to keep it nice and calm for the moment. It doesn't change the show or anything. I absolutely would love to hear from you. You can do that by gifs called 866, 877. Well, man, you know, you kind of mess up your opening and I've even forgotten the number off the top of my head, but you know the number you hear it all the time. 877-927-6648. You can always send me an email. Send it to Steve at TFNN.com. Send it early. There are a couple of questions that came in yesterday. One from Purdy, one from Dennis that we didn't get to. We'll go ahead and get to those here this afternoon. Send those things in early and if you could put radio show question in the subject heading, that'd be great. And of course, in our Tiger's Den, you can go ahead and send me any private or public message out there. So let's go ahead and begin the show. We've got a mixed bag out here. Let's take a look what's going on. We've got the Dow trading down about 58 points right now. The S&P is up 7. NASDAQ 100 up 100. Russell's down 19. Semi's are up 29. So plenty to look at. Of course, I want to look at what you want to look at. Let's begin by looking at the equity markets and let's begin by taking a look at some of the things that we know. One of the things that you and I know, we talked about this yesterday. We talked about this kind of ad nauseam. And that is when we get that spot volatility index one day rate of change in the phenomenon associated with it, which is a bounce or a bottom pattern. And that's exactly what has taken place thus far. It's both a bounce and a bottom out there, but it's a bottom of significance. That's really the question. So we knew yesterday when we had a one day rate of change, I think it was 24%. 20.44% was the number. All we're looking for is something above plus 10%. So the S&P 500 had that going forward this morning. The second thing that in essence the markets had going forward this morning was the substantial oversold condition inside the New York Stock Exchange, which... And here's where it's kind of interesting. We've had a decent rally. I haven't looked at the New York Stock Exchange to see where it's at. It's lower actually. I can look at my screen right here up on top. And the advanced recline oscillator reading has gotten even worse. It's now down in the minus 216 area. And it doesn't spend its time below minus 150 very often. It certainly doesn't spend much time in the minus 200 area out here. And I'm just seeing this now. So I had sent out a market update for subscribers less than an hour ago. I'm going to think that it was. And folks, I hadn't looked at this New York Stock Exchange to realize you just can't keep pounding it down like this. Yeah, I can't get a little bit lower. Get down to minus 250. It can get down to minus 400 or so, but it's not likely. So this is making me say something to think about. Yeah, it's bearish, but it's oversold. And we usually get a bouncer bottom in this area in this range out here. So that is certainly something to think about. Nonetheless, let's go take a look at what's transpired. We talked about yesterday, those one day rates of change and how do you know when the market has identified a bottom? And what we did was, well, let me change screens here. And the way that we do that is through pattern recognition. So we know that on a larger picture, a daily basis, we got that signal that said, hey, one day rate of change above plus 10% anticipate expect some type of bouncer bottom. Well, what transpired, you like to see all four equity futures contracts come together at the same time with some patterns. And that didn't really occur until about 5, 5.30 this morning. There was an indication last night of a potential bottom that was being formed, but that ended up giving way not each of the futures contracts generated bottoms here. That's not the case. You can see, for example, you can't see it. Shoot, you're on the wrong page. I'm on the daily. Give me a moment here. Sorry. You can see the daily. And you guys are maybe thinking I'm talking about something. And let's try this. There we go. Okay. Now we're at the 30 minute time frames for each of the four equity future contracts. So remember, again, we get that daily signal and we say, okay, when we have a daily signal, let's go then take a look at intraday charts. Typically, I look for the 30 minute time frame chart for some type of signals that the market is getting ready because the market communicates to us here. If you take a look at the yes many upper left hand panel, this completes a TD nine count pattern at 5.30 this morning. And then at 6, it confirms the road's momentum indicator bottom. And then price just travels sideways for about an hour and a half, two hours or so. 8.30 takes off to the upside. And might be forming a TD nine count, although we do not have a valid TD nine count as we speak right now at 111 in the afternoon. In order for that to happen, we're going to need to see price spike above 44 1475 between now and 2pm. Without that, you would not have a TD nine count bottom. Okay. In the end queue, at the same time that the ES was forming a TD nine count and a road's momentum indicator bottom. So too was the end queue. So too was the Dow equity future contract. So too was the Russell 2000. So I haven't been it wasn't in Larry's workshop. I think it's going on. I know they do some live trading. I've got to believe that they took a long position, at least an intraday long position. They were seeing maybe something similar out here. No, of course, they're not using these tools. They're not using TD nine and road's momentum indicator signals here. But this is how you put it all together. This is how a market puts it all together and communicates to us what its intentions are. Granted, the market can do anything that it wants. But when you get this and we know about the one day rate of change, it's really just all right here. Now, the other benefit that obviously I have in these charts is I've got those task market profiles. Those are very helpful to us because it helps us to understand if there's any key levels of support or resistance where the battles are going to take place. Ideally, when you get those bottom patterns, you've got market profiles where price is holding support. And in fact, that's exactly what you saw go on this morning. So now the question is, oh, hey, Kate, great. That's great, Steve. Oh, you're telling us about the past. Now tell us about the present or the future. Well, with regard to the present, there are potential TD nine count patterns that are in the making. But right now it's bar seven in the ES, bar seven in the NQ, bar three in the YM. And the Russell doesn't have any kind of a topping signal. So what we don't have, you needed me to say it was either bars eight, nine, or maybe the following nine that had made the high of this pattern of this TD nine count pattern. And without that, I would be hesitating on calling the market top. It may just, this could be the counter trend rally, but my preference, my preference, my personal preference is to see some type of confirmed topping pattern. Very much like looking for some type of confirmed bottoming pattern here on the 30 minute timeframe chart. So I'm screaming that out as loud as I can to everybody that's listening, whoever that might be, that you would only get a TD nine count. If price is able to take out the current days high inside the ES, the NQ and the Dow and do it between now 114 and 2pm. If that doesn't happen, then we don't really have a topping signal to sell. You'd have to have some other reason to sell. I could make one up inside the NQ. That reason would be because price had gotten back to a prior level where price began to turn down yesterday. That would be about the only signal I could come up with inside the NQ. Steve Rhodes with TFNN will be back in just a few. 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 What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code upgrade, and you still get a 30 day money back guarantee, so you have nothing to risk. Level the playing field with the TAS Profile Scanner, which you can find under the services tab at TFNN.com. Sign up today. 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 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 with Tiger TV, live every market day from 8.30 a.m. to 4.00 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. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. Now down 54 S&Ps of 7 NASDAQs up 98. Let's go out to Philadelphia and speak with John. John, thanks for calling. Thanks for holding. How are you doing this afternoon? Steve, I'm doing very well. I wanted to make your conversation brief so as to save your voice, but you at the top of the show spoke of the New York Stock Exchange Composite Index. Yes. I want to ask you further about that with the various specific questions. First, it all hinges upon my choice of using either the S&P futures versus the NASDAQ futures to trade when I'm using index futures. And what I've found over the years, Steve, is that of course the S&P is about half NASDAQ stocks, about half New York Stock Exchange stocks by market value. And what I've found is when the NASDAQ and New York Stock Exchange indices are moving roughly similarly, I'll use the S&P futures. That'd be my default. When they're behaving dramatically differently, NYSE to NASDAQ, I'll default to using the NASDAQ futures, shorting for a decline, buying for an advance. So I'm not penalized by difference in performance of the NYSE names. So would today be one of those days that's a kind of an NQ day for you then? I've been shorting, let's be very clear. Since the August 5th high in the NASDAQ 100 and its futures, I've been almost exclusively trading the NASDAQ futures on the short side. What I observe here, of course, is the NASDAQ is bound stronger today. The NASDAQ topped August 5th, and so its pullback is more well-advanced, if you will, than the NYSE. Now the NYSE composite topped just Friday the 13th, and we've pulled down hard here. So my question to you is, I listened to what you said about the very short term being oversold. Yes. But can you share with us, if in fact the NYSE is topped August 13th last Friday, can you share with us what levels, if broken, confirm a intermediate term decline phase just getting underway? Please, that's what I'm looking for help on, please. Sure. Okay, great. And thank you for all that and sharing that with the listeners out here. What's on the screen right now is the New York Stock Exchange, both in the black screen and then in the white screen is the New York Stock Exchange. And John is referring to my initial comments this morning here about this afternoon about the advanced client oscillator. That is this second panel, that is this blue line, the blue line right now that measures minus $216.58. So the answer to your question, John, is $16,321.94 to be exact. Right now prices trading at $16,435.54. Now I'll expand this chart out. That is the TD9 breakout level. And if this is still a bullish market, then price should hold that area. Now, because we were looking at how the advanced decline oscillator has moving lower and is getting down towards the minus $250 into the very extreme oversold level. My instinct is that what we will see the New York Stock Exchange do is move all the way down to that $16,321.94, reject that level, and then we will get some type of countertrend move, some type of bounce. It could be more than that, but right now I would be calling it more of a countertrend rally. And based on the behavior of the advanced decline, knowing where the breakout level is, that would seem to be the logical outcome. The illogical outcome is that it just simply rejects that it doesn't really care that it's so oversold. There's something else going on inside the market. It's just some type of liquidation event. And that would say, okay, once we get a close blow $16,321, expect to see more downside action. Now does it take out the swing points? Let me see what swing point this is. This is from July, July 20th. I don't know. It could be, John, that all that's really going on inside the New York Stock Exchange, or many of these markets, because price did trade above July inside the New York Stock of July high. And so now the question is maybe it's just simply going to trade above the July high and just slightly below the July low. So the eventual outcome could be below that breakout level, and it could just be that swing point from July that gets us down into the 15954 level. Does that information answer your questions, or what additional information should we discuss? It does. Thank you on that. The added item I might ask for is your weekly chart. And if there are any TD9 count breakout levels that come into play just underneath. Sure. So let's do that. I'm going to switch this from daily to weekly. Folks, the oscillator and change line is going to stay as a daily, so don't pay attention to that. And the answer to your question is 1575224. That would be the, you like that? I do. Well, hey, if you ask a question, I'm going to give you an answer if it exists on the screen. But that is, John, that is the breakout level. And I would say that that would be a very likely price target. Now, on a weekly basis, about five weeks ago, it did generate a hammer candle down towards that area. It got down to 15954. That's that July low. So that really kind of the thinking is that it's possible that August is just simply going to be an outside bar. Meaning from a monthly standpoint, it takes out the high, it takes out the low, and then it gets ready to take off. So I'd say that 1575224 level would be the area to really be watching. Excellent. Answers my questions about it specifically as I could ask for. Perfect. So we will go forward to what I'll just say, if, from a trader's perspective, if the NASDAQ starts to outperform for more than just today, the NYSE, I'll be using the S&P futures as my default. So for what that's worth. You know, John, I think with regard to the NQ, and I've got the daily, weekly, monthly, and quarterly timeframes here, the level to be watching inside the NQ today, I believe, is the 14919 level, which is the bottom of its daily profile. So we've seen the countertrend rally, or we've seen a rally. That was to be expected because the spot volatility was one day rate of change yesterday. That work, to a certain extent, has been done to the upside. If the NQ closes back below the 14919 level, which would be day number two below the bottom of that profile, that's really the signal of a further move back. And the one level you didn't ask me for that is now on my screen that I would provide to you is 14585, and that is the bottom of the weekly profile for the NQ. If price closes below that, then we could see the markets moving lower for an extended period of time. John, you bet. Thanks for calling. Always good to hear from you. That was John and Philly. We'd love to hear from you, too, as well, folks, 877-927-6648. We'll be right back. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the Den. Answer around yourself with these sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows. 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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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. A couple questions that had come in yesterday afternoon that we didn't get a chance to get to. One coming in from Purdy, and Purdy wanted to take a look at Robinhood, H-O-O-D being the ticker symbol out here. Now, I don't recall what Purdy was looking for, but we'll just simply take a look at the charts. Now, first, Robinhood has not been trading long enough to generate any kind of task market profile. So they're not going to help us. That makes it a little bit difficult to Purdy to truly navigate the chart and try to... I'm assuming you're looking for an entry point. I believe that was the question out here. So right now, and just looking at the daily chart, the only thing that I can share with you, or one thing that I can share with you, is this certainly had wide price spread and accelerated volume back on the day of August 4th. Prices pulled back into that area. An ideal entry would probably be at the bottom swing point from back on July 30th. And that would be somewhere between $33.25 and $36.98. In other words, I don't have anything compelling right now on any of these charts to say that now would be the time. If we look at the white background chart, we're also hampered with limited data. The data that I do have shows that today is wave number four, letter D. If we had Basil on the air right now, we could ask him his opinion on this because this would be part of the Chapman wave, where typically he says something after wave number four, letter D, something else is maybe going to happen or likely to happen. I don't remember the exact words that Basil uses. But the fourth level, or D, hasn't been confirmed just yet. That only gets confirmed pretty with a higher low, so that earliest would be tomorrow. But that could be signaling some kind of potential bottom. Weekly chart, we don't have anything. Interday, we really don't have anything. So I don't have much to really assist you with Robinhood. And I'd have to just say it like this. Interdenthood has traded so a few days worth of data. It's really not a great chart from a technical pattern standpoint, at least not the technical patterns that I use. So wish I had more for you, but I can't make it up and we won't. So I hope that helps you out and thanks much for waiting an extra day. And then there's ticker symbol G. And G is GenPak limited, and this is for Dennis. And Dennis, my apology, again, I don't recall what you were looking for, but let's just tell you what the stock charts are communicating to us. And that's really that price right now has formed a brand new daily profile. And price is trading within sighted. The support level would be between 5047 and 5069. So if you were looking for an entry point, it's between 5047 and 5069, or at least that's what we would say at this stage here. We'll pull over our white background charts for G. Our question is, was there any kind of significant top that it formed? And now that we take a look at it, we see the answer is yes. It was bar number eight. It was actually bar number, the bar following bar number nine that also identified the TD9 count top that was yesterday. And so very likely price is going to pull back to that support level. It's possible, Dennis, that where it's really going to pull back to is its breakout level of 4950. But it's a bullet structure. So as prices will be down towards 5047, the question that you need to answer is on a 30 minute basis, is there some kind of pattern that's going on? And if there is a pattern, a pattern like a TD9 count, a rogment-dominicator bottom, maybe an A to B equals CD, maybe wave number seven, those would be four very solid potential bottoming type signals. Then you'd have your message to go ahead and fire away. If that price is pulling back into that support level on a daily basis and there is no bottom signal on an intraday chart, say a 30 minute, a 65 minute, a 15 minute, then I'd say be patient and wait, and try to do that exact same scenario again, but do it as prices approaching the 4950 level, which is its TD9 breakout level. Now, on a weekly basis, this does not have a topping pattern. So on any pullback here, and it kind of put this together with the daily, the number is 4987. Well, it turns out that 5047 is the bottom of that profile. 4950 happens to be that TD9 breakout level, and you got 4987. So that is your real range out there. So we know the range. Now all you have to do is just focus in on the short term timeframe charts to look for that bottoming signal that takes you into a long position inside of G, if in fact that's what you were looking for. So thanks so much for waiting. Sorry that we couldn't get to it yesterday, just the way these ISPs typically work. And if you wait, it doesn't matter how long sometimes you wait. It's just you've got to get those messages fired off early, and that way I will do everything I can to get to it. The next question here coming in from Nancy, Fancy Nancy. And Nancy wants to take a look at Apple. We look at Apple today, please. You entered the September 17th, 145 calls yesterday when the stock was at 148. So let's take a look at Apple, try to understand for you where support and resistance is at and whatever patterns might be in play. So as we take a look at Apple, it's sitting right here at resistance, which was the bottom of its daily profile, 144.93. As long as this can hold Nancy, then price may and should quite frankly go target the top of that profile, which is 149.01. Yesterday, today, price has pulled back to test the center of its bear structured weekly profile. And so what you don't want to see is a close below 144.93. If you do see that granted, typically you need two days, but heck, if you get one day's close below that, then that could be signaling to you that what Apple's really going to do is go target 138.53. But right now, so far, what Apple has done is it has held. It has held a key level of support. That's the bottom of its bullish structured profile. The monthly timeframe does not have any kind of a topping signal. Yeah, it's made a one to two way to be equal CD. That does not mean that it can't go make the 2.618 expansion. The confirmation of that would be a close above 150 even Stephen. We pull over Apple's white background charts again here looking for any other kind of signals because really what Nancy's looking for isn't what Nancy's really asking knowing that price on the daily basis and Apple's back at that key level of support. Isn't Nancy really asking, hey, what's going on in the 30 minute timeframe? Is there some kind of bottom pattern there that says, you know, being in this call position makes a heck of a lot of sense. I don't have that signal. I'd love to have that signal for you Nancy but I don't have that signal for you. I can't even give you an A to B equal CD pattern. I could draw it in here but we don't have a bullish reversal candle and so short of that I cannot call that a bottom. So unfortunately we're not getting the complimentary 30 minute, hey, I've just formed a bottom kind of like we did on the 30 minute charts for the equity futures contract. So it doesn't mean that Apple can't trade higher. On a pullback here, on a 30 minute basis Nancy, what you don't want to see is price closed below 146.18. So forget about the fact that it didn't form one of Stevie's bottoms. It's still as a bottom, as we'll call it and price is inside or closed above a bare structured profile. If the breakout is real, any kind of retracement or pullback will find support typically either at the top or at the center. My experience is more often times than not at the center, 146.18. And that's why I gave you that number. If price closed below that, I would want to be in a long call position inside of Apple because you're not getting any kind of confirmation on that short term timeframe. But I could see why you would hold it though because price hadn't taken out 144.93, the bottom of that daily profile. So hope that helps you out Nancy with regard to Apple and best of luck to you with that trade. No other questions yet, so let's take a quick peek at what's going on. Just generally across the markets out here, the Dow down 117, the S&P getting back to flat, the Nasdaq's up 85. We probably should go take a look at Goldilocks. It's off $2, Silver's down 22 cents. So let's do that when we get back from this break, unless I get another request in the meantime. Steve Rhodes with Tia. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate, LLC, is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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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. Welcome back folks. Before I came on the news, I was flipping through the channels. I forgot today was Thursday which typically means the channel is on the Gulf Station Golf Channel and I forgot that the women were playing their British open up up at Karnoosti which is what an amazing golf course that is. Those of you that are golfers isn't Karnoosti where John Vandeveld had that extraordinary meltdown? It was on hole 18 right? It was on hole 18 which has the little river the water running through that entire hole. I think he made like a 9, a 10 or an 11 or something like that. Remember it was a terrible hole to watch as a golfer. He had to feel for the guy. He was just making one bad mistake after another. You know, and actually it is because of Vandeveld, I believe it was Karnoosti and it was like 15 years ago, something like that somebody in the den probably knows but it was from that total meltdown and it was a time when I was teaching my son to play golf and from that we developed that and I'm sure somebody else developed the expression but it was let your first specifically in golf it is let your first mistake be your worst mistake because golfers we know that well look, if you're like me you've hit balls from basically everywhere behind trees balls stuck in trees in the whole thing and the idea is just let that first mistake, wherever it is you are truly be your worst mistake out there I think it will probably be on, I would guess in about 2 or 3 in the morning I don't know what time they come on but they start playing early so if you're up early like I am, turn that on and we get to a couple of questions here one coming in from Hector and Hector is asking about Microsoft and Hector I hadn't not until you asked about Microsoft that I looked at their chart recently what a day today and yesterday quite frankly inside of Microsoft market top I don't know what the heck you guys are talking about but you're asking on the 5 minute and the 15 minute chart is there a topping signal for the day maybe there is we'll go look at it but when I look at this daily time frame chart it's super over bullish over bullish weekly chart, over bullish monthly chart, over bullish these profiles are very powerful tools in helping to communicate to you and I is price breaking out breaking down or consolidating just those 3 things just knowing one of those 3 things and here price is breaking out it is above the top of the daily the top of the weekly, the top of the monthly out here so this isn't full out breakout mode let's try to answer Hector's question to the extent that we can he was asking for a 5 minute and a 15 minute I've definitely got a 15 minute and for Hector we're going to get the 5 minute up here but right now I want to answer your question specifically and your question was is there a teeny is there and the 5 minute and 15 minute is there topping for the day no I do not have a topping pattern on a 15 minute chart for Microsoft price exceeded it's TD 9 count top there's a new profile so yeah it's consolidating within its profile 296.96 at the top 294.48 at the bottom it's bearish in structure so price would have to close below 295.57 to get all the way down to 294.48 but is that a top no go ahead and just change the 15 minute to a 5 minute here the oscillator and change line will stay as a 15 minute oscillator and change line so we're not going to worry about that at the moment I want to be able to answer Hector's question and on a 5 minute basis the answer is yes the 5 minute has a rogment to indicator top that has simply led to a sideways consolidation and that consolidation would be between 295.61 not the prices hit that to the T and 296.96 at the top that actually is the high so yes on a 15 minute basis I'm sorry on a 5 minute basis there is a top and there is a consolidation but no sign of a breakdown which I would think would be your next question out there now as long as we're on Microsoft the more important question is what's going on in the daily and weekly charts well on the daily time frame chart out here yesterday was a bearish reversal candle that confirmed a rogment to indicator top however price never closed below the top of that profile and therefore its message to us was neutral to bullish and now today or at least now as of 147 the messages switch back to all out bullish because price is above yesterday's high that's the resistance of that bear separating candle and as long as price remains above yesterday's high Hector this says Microsoft should continue to move higher today being bar number six and we know it would be bar number eight nine or ten so that's not until next week sometime that you could see a topping pattern on the weekly basis right now Microsoft is traded above last week's high last week was the bar following bar number nine of a TD nine count this almost has me rethinking my thought process about taking a short trade Hector and just looking at this Microsoft chart not that one stock is going to make the entire thing out here but this is in full out breakout mode this TD nine count top on a weekly basis didn't even hiccup and when you see that that is mucho grande strong bullish move to the upside and just bar number eight on a weekly bay on a monthly basis out here so that could be September October before top so be careful Hector I assume that your questions on the fifteen and the five minute where to try to take some type of short trade in Microsoft and I would I would say the chart patterns are caution you against doing that it's just not in those chart patterns let's take a look at Palantir PLTR for Terry in the Tigers den and you're in it today and the battle that you've got going on here Terry is a twenty five thirty six that is the top of its daily profile and so in Palantir price can close above that then that would suggest a move up to twenty seven and twenty seven dollars is really going to be your number if you're in a long position here because as we can see on the weekly basis price was below that bullish structure profile when it formed and the bounce up into it is where you would expect a counter trend to move to end and that was at twenty seven dollars even Steven then price got back below it now it's back inside that profile so your real resistance level so it still may be twenty seven bucks is it if you get a close above twenty seven well then Terry what Palantir's weekly chart is communicating would be a move up to thirty six bucks but right now Palantir and let me get Palantir going on the other charts PLTR just at least so we can look at the daily weekly at a thirty minute out here just to understand if on the daily basis there's some kind of signal that Terry's got to be concerned about so as we open up this white background chart what we notice is not really too much to be concerned about but you do have a couple of battles ahead of you the one we already discussed twenty five thirty six if price can get above that it's twenty six ninety two it would be a close above twenty six ninety two that would then say Palantir is very likely in an A to B equal CD pattern to the upside we're not there yet but now you know at least on the daily basis where your battles are and on a weekly basis out here we've talked about those battles there's nothing on this chart that shows us anything different in other words twenty seven bucks is going to be a key level of resistance if price can get up there and on a thirty minute time frame chart although I don't have any kind of a topping pattern price is consolidated with insiders both all here that is between twenty four eighty six twenty four eighty eight and twenty five ninety four so hope that helps out with the information looking for Palantir. Steve Rhodes with TFNN. 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