 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks, welcome to the August 28th, the magnificent Monday edition of today's Trader's Edge show I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one Now the easiest way to do that Well, it's to always remember that life is happening for us, not to us That's right When you and I make that one little two-by-four shift means we can find the gift in every set of circumstance that life is gonna toss at us Now today you and I we're gonna 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 do want you to know I am absolutely grateful for your presence here, but even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone dial on in at 877-927-66 for it Now if you've got a question, but you can't call in you can always send me an email Send that off to Steve at tfnn.com and inside the subject heading Please put radio show question of course if you're inside our Tigers then well then any and every ping will do So let's go ahead and get this show started on magnificent marvelous Monday, of course This is Tiger financial news network. I'm Steve Rhodes. Welcome to the show right now. We've got a sea of green That includes a spot follow tunics Hello, you got the Dow a hundred and sixty six the S&P up 15 the Nasdaq 132 19 for the Russell 20 for the Summice 180 for the trannies gold is up six bucks sovers up six pennies lights We crude is up 58 cents natural gas up a diamond 30 treasures up for ticks print out one nineteen twenty eight out there What's all that mean a jelly bean? Well, let's go take a look at the interday charts here and let's be well I tell you where we start let's start where we have it lately What are we looking at as far as market breath? So we'll start we'll start with the 30-minute time frame This is the you Nasdaq 100 negative market breath 47 below 15 above Let's take a look at the S&P 500 again this for the 30-minute time frame We take a look at the S&P 500 also bearish 122 above 208 below So market should be pulling back the question is where is support? We look at those 30-minute time frames We have four other time frames to monitor the 60 the 240 daily and weekly here is the Nasdaq 100 bullish for 60 Bullish for 240 bullish for the daily Slightly bearish on the weekly when I say slightly 21 above 22 below. So we're gonna have to call that neutral So the larger time frames For the Nasdaq our bullish how about the S&P 500 excellent question Let's go find out in the case the S&P 500 bullish on the 60 to 40 and daily here as well Just slightly more bearish on the weekly with 680 to above and 135 below Yeah, it's more than just slightly bearish out there So we've got a mixed market with regard to market breath out there That says that we should expect it to spate choppy markets to continue now that we know what the market breath is Let's go take a look at the NASDAQ at the NQ charts out here for those different time frames that we looked at and let's begin With the white background charts up here. So on a daily basis. Here's what we know so far We've had a nice rally rally ran right into resistance where to run into resistance Both that is red oscillator and change line in the center of its bearish structured profile at the 15109 level That's a level that price must close above to suggest that we see and move up to the top of its daily profile that 15358 range the five-hour time frame chart Is a bullish I take that back the five-hour time frame chart price is consolidating with inside its profile on a four-hour basis Price is running the resistance at 15 087 15 087 was a TD 9 count breakdown level your price can close above that You've got resistance at 15 165 Close above 150 15106 on a two-hour time frame chart would suggest a further rally that suggestion would take it back to its recent highs Rough to 15 415 out there. No topping pattern on the 60-minute time frame. Remember that was bullish We do have support. We have got profile support now that says that at 14 991 buyers should be able to hold that level the 30-minute time frame chart would show negative market breath It's testing mark is testing profile support 15007 what happens if that level fails to hold? It's a great question Then the answer to that I'd say I'd go back to the 60-minute time frame chart And is that level holding which is 14991 if that level fails But I'm not sure I've got to come back and take a look but right now price is trading into an area That should hold the support based upon the market breath that we took a look at 15 minute time frame is the only one that generated a Topping signal this morning now was as we came into the open It was a TD 9 count top that TD 9 count top completed right at 9 30 We then saw a sell-off and price pulled back and tested support and support is 1509 so we know what to be watching to the upside. We also know what to be watching to the downside It still gets back to that 14991 level coming off that 60-minute time frame chart So that's what the NQ is telling us would not be unusual to see the NQ rally today This could be or should be day number two of consecutive moves higher now That also says that this could be the end of the countertrend move. I Say should because we are coming into the end of the month here, right? So we've got today's a what is today's a 28th We've got cheese for this month when does it actually and let me look at my calendar here. I know what it ends I'm just trading it so it ends on Thursday So we are entering that the window dressing time for you by the way on a programming note I'm here today. I'm here tomorrow, but then I'm off to Japan Wednesday morning Whether permitting maybe we need to fly out tomorrow night I'm not sure but and then I will not return on September 18th September 18th 13 hour time zone difference between Where we're at here and in Japan so no way for me to really post any kind of show anything along those lines But with regard to the NQ here We'll take a look at it at least a two-day rally may be a three-day rally But we need to be concerned that this could be when the NQ's rally Stop just typical two-bar knee jerk reaction move to the upside now Let's add just a little pieces. We'll go back to the Apple charts for Nancy. I was just repairing this for her She had asked take a look at Apple and Microsoft which we will do during the show But since we're talking about the NQ we're taking a look at the well here. This is the number one instrument aside here. This is the Seasonal time frame chart for Apple and Nancy this is for a 15-year time frame their red vertical line The red vertical line is where we're at right now So what this tells us is that Apple in a next day or two this actually Turns out to be the 29th. So that'd be tomorrow turns out that tomorrow over the last 15 years If you averaged everything out has been where Apple enters its Unfavorable seasonal cycle and this is the unfavorable seasonal cycle that would take Apple into Bottom maybe in the mid-October time frame now that was a 15-year time frame. How about the last 10 years? Last 10 years says okay, maybe that top doesn't start until we come back from The Labor Day holiday out there, but we're still in the unfavorable seasonal time frame What if we go to a 25-year period 25-year period says? Yeah, maybe that just gets pushed off again until the beginning of September out there But you can see here that with regard to Apple it is headed into its unfavorable seasonal cycle You can put the NASDAQ up here while we do that before we go to break. We'll put up the NASDAQ 100 Let's put that up. We'll leave this on a 25-year basis again What you're seeing here is the NASDAQ itself is also in that unfavorable time frame So today could be the extent of the rally inside the equity markets out there Steve Rhodes with TFNN will be right back Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the Globe which is why it's a great time to try out Teddy Keg stats Tiger 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence 4x markets Tremendously when you sign up for the Tiger 4x report you also gain instant access to Teddy's 60-minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today? Visit the front page of TFNN comm TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at TFNN comm the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave Up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up TFNN comm educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an Amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares His vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN All our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors Free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. So let's get to our first request first ones coming in from Ryan I believe Ryan's in the Tigers den also sent me an email Ryan. Thanks for doing that The first request was a take look at plug PLUG is the ticker symbol So we've got that chart up on our screen out here what we don't see Well, let me pull this back just a tad Say we don't see you don't see because I don't have a So what I really don't have here is a bottom pattern You know the this retracement from way back here Ryan this retracement here on July 31st That really negated the ability to use an A to B equal CD Downside pattern out here and I don't see one that we could really use what we did see is price got back to a Breakout level in the 826 area price is below profiles as below It's read also to change line the daily chart doesn't look that good looks like maybe a countertrend move up to the 860 level Maybe even 889 now price did close web 889. We would change our tune on that that would at least suggest a rally to 948 Lower that's not we're dealing with as we speak right now. Let's look at the daily time frame chart daily time frame chart shows That price is pulled back to its breakout level at 826. It's a weekly chart. You closed below it last week Not really a good sign there. You're also below the bottom of it's a profile So that takes us into the monthly time frame chart the monthly chart does have a TD 9 count bottom that formed back in May Price right now is trading below the bottom of its monthly profile bullish and structure It should hold by month's end, but if it doesn't hold it when I say doesn't hold I mean a close below 854 that would be on I think the month ran through Wednesday or Thursday So let's just say on Friday you get if you close below that on Thursday or whatever the month and is 31st That would not be good. Now. It still has a TD 9 count bottom But that would suggest that that low that low being 739 would likely be tested So I don't see a reason to step in the plug as we speak if we look at a 30 minute time frame chart here Ryan This shows what it just simply shows that price rallied right up to break down resistance out there at the 848 level So hope that helped y'all with regard to PLUG you had a second request and that was a take a look at wheat WEAT now WEAT is the ETF out there. Oh, I didn't have that there You know what I could do here now. I won't do that. We're gonna switch So in order to take a WEAT What everybody needs to know is what is inside of WEAT? We can't just go to the WEAT charts WEAT and Which is the lower right chart here and give you a very good analysis. So Stevie's not gonna do that now Right, I don't know if you knew this or not But you do know You've got three different contracts that make up that holding you've got December of 2023 that makes up the majority I Let's say the majority is split into 30 like a thirds. That's maybe 35 percent 36 percent You got to go take a look on the website out there, but you also have December 24 So you got December of 23 and December 24 those two contracts make up the largest percentage holdings And they've got March of 2024 That's what you've got and that's what you have to monitor to understand what message WEAT Is providing you because that's the etm. Well as we take like an all three of those WEAT contracts What we don't see is any kind of a bottom signal We see in each case price trading below the red oceler and changeline in two of the three cases Price trading below the bottom of profile support out there So this is suggesting that WEAT wants to get back and perhaps test its lows out here and the lows i'm referring to The december 2023 contract is may of 2023 And it is may of 2023 on the december 24 contract and it is may of 2023 on the march contract Looks to me like that's where price is likely headed to but I don't see anything here Or any reason for you to take a position in WEAT You'll get your signals from these future contracts and because of their holdings. This is called one third each Which isn't the case, but you can look that up. You've got to monitor each of those So ryan, I hope that helped you out both with plug as well as with WEAT Nancy wrote in and Nancy wanted to take let me close this out here free of some resources You bet Nancy wanted to take a look at apple and microsoft She's got some call positions. I believe that end this friday out there So as we take a look at those charts, we'll start with apple now We already covered apple and we know that apple has a horrible september just like the nasdaq here And no, I didn't really didn't point that out, but here I will point it out Here's here's the nasdaq 100 for just last 25 years september is an ugly month out there and you'll see here if we go ahead and we put up apple Put that up it's going to take a moment here and populate there we go And now with regard to apple it is the only losing month of the year on average Over the last 25 years in fact, we go back 42 years out there and see if there's changes It doesn't change too much. It gives you a june and a september And here on the over the last what is this? 42 years that top comes in right around september 2nd So you're nearing a point in time here where you're fighting the stream if you will With regard to apple, what do we know about it? All that we know about it is it is consolidating with inside its profile and that profile runs from 178 83 That's both the center in the bottom and at the top it's 182 88 Now we'll look at a 30 minute time frame chart See if there's any signals out here the weekly chart is telling us that price likely wants to get back to at least 172 The monthly chart is suggesting that it's losing its momentum because right now prices trading below that green Oscillator and change on it a close below it at the month's end Which uh, the price would be 180 204 right now that would suggest and move back to 168 79 I'm not saying 168 79 will hold that support But certainly something to consider as we move into this very unfavorable seasonal cycle here for both apple as well as the Nasdaq now we take a look at the 30 minute time frame chart We'll see that apple formed a td9 count top So that td9 count top that pattern completed at 10 30 Price is pulling back right now in testing support overall what we have out here Nancy is a neutral signal that signal will become less than neutral If price closed below that green oscillator and change on that's in about the 178 65 zone If price closes below that Nancy you're looking to move back to 176 64 And if that level fails likely you'll see an a to b equal cd to the downside inside of apple So you've got a short term top potentially a short term top Maybe it's something more than that so if you're in the money and based on these Based on knowing that you're running into this very unfavorable unfavorable seasonal time frame You know, maybe that's not the best place to have a tray done. But what do I know? I'm just sharing with you and narrating what the charts are communicating to us So I hope that helped you out with regard to apple Nancy. Let's go take a look at microsoft See if microsoft has any different viewpoint on the mark in fact, let's go see what microsoft typically does this time of the year So let's get up its charts m s f t Again, it'll take a moment for this to populate. There we go. We've got microsoft And here let's just go back as many years. So I've got 37 years and here what we can see Is that it's also is entering a unfavorable time frame and that unfavorable time frame should last at least Through the middle of october. So now we take a look at the charts out here from microsoft What do we see we saw on a daily basis prices consolidating with inside its daily profile Don't really have a bottom out here inside of microsoft. We've just got a consolidation within that range That range is 318 23 to 324 92 The monthly or the weekly chart has got a nice td9 count top out there prices below profile If the door is open for a rundown to breakout support at 307 59 In a 307 59 fails to hold this support shoot Then we're looking at 299 40 to 80 11 to 51 16 That's what I see when we take a look at microsoft for the daily the weekly and the monthly time frame But let's not stop there. We've got more as long as we've got a few seconds here And that takes us to that 30 minute time frame chart and Nancy a td9 count top there as well Sounds like a little synergy between apple and microsoft right now It signals neutral because it's holding support both the top of its profile and a sass that are in changelab But a close blow of 3205 would suggest lower price for sure steve roge with tfnn. We'll be right back With rising inflation rocketing interest rates of all to dollar an uncertain market There's an asset that all traders flock back to gold However, these are regular times also mean a regular gold market which presents its own unique challenges This brings up the question. What moves the gold market? This is a question. I'll be answering in my next live webinar on august 30th from 4 pm to 5 pm I'll be hosting a live free webinar for all those who subscribe to my newsletter the gold report The gold report has been in publication for over two decades And I've seen just about every market gold has been traded in this experience lends me great insight When trading gold and other mining equities and now that inside can be ours on august 30th I will deep dive into gold bonds in the dollar where they are now How they affect each other and what to look for when looking to set up a trade Additionally, I will provide a comprehensive breakdown of the xa u hui and gdx as well as cover individual gold equities and answer questions live on the air Subscribe to the gold report today so you don't miss this rare moment gold tfnn educating investors With rising inflation Rocketing interest rates of all to dollar an uncertain market. There's an asset that all traders flock back to gold However, these are regular times also mean a regular gold market which presents its own unique challenges This brings up the question. What moves the gold market? This is a question. I'll be answering in my next live webinar on august 30th from 4 pm to 5 pm I'll be hosting a live free webinar for all those who subscribe to my newsletter the gold report The gold report has been in publication for over two decades and i've seen just about every market gold has been traded in This experience lends me great insight when trading gold and other mining equities and now that inside can be ours On august 30th, I will deep dive into gold bonds in the dollar where they are now How they affect each other and what to look for when looking to set up a trade Additionally, I will provide a comprehensive breakdown of the xa u hui and gdx as well as cover individual gold equities and answer questions live on the air Subscribe to the gold report today. 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That's tfnn.com and hit watch tiger tv Good back folks. So still all the u.s equity futures trading to the upside Spotball, it takes us flat right now 1568 We'll want to watch that close at day's end to assist us with what the intention of the market is Let's take a look at ccj This is for uh peak g inside the tiger's den. Pete. Nice to see you And uh with regard to uh kama kameko gold ccj. I believe Not sure how to pronounce it. Obviously kameko corp Right now what we have is prices trading about profile and trading about that greenhouse that are in change line on the daily time frame peak That's our bullish conditions now It does have you did say you are peak g and he is the peak g out here and stevie's got a peak g We take a look at it. So That's coming off of the low That formed out here on july the uh six and if you start doing your Chapman wave counts out there Today is entering peak number seven now a peak knows is that in order for that to confirm You've got to have a lower high. So the early set that pattern could confirm Would be tomorrow now even if it forms if it form, let's assume it forms Tomorrow that means today would be letter g out here prices above its green oxygen change line So its signal is neutral The price closed below that that it is 3611 right now Then price would likely move back to 34 73 34 73 34 04 or 33 58 So you've got a potential for a top But you've got to wait for as you know, you know the rule is better than anybody You've got to wait for a lower high out there If we look at the weekly time frame chart is it supporting the potential turn Well, you're only in bar number seven on a weekly basis and price above profile well above that green oxygen change line You know what that says that says this is a bearish reversal candle that uh kameko corp wants to trade higher And on a monthly time frame wow you talk about peak g's out there peak Did you do that on purpose? Were you just testing me? I think he was because if we take a look at the monthly time frame chart peak ought to know That there's a wave number seven top there now on a monthly basis that cannot confirm until the end of next month out there But you've got a potential top Inside of the monthly time frame no top inside of the weekly time frame and a potential top inside of the uh daily Now with those potential tops, let's see on the daily time frame We like to see something on a shorter term time frame out there here if we take a look at it You've got a td9 count top a oh five surprise We don't have a peak g there But we do have a td9 count top what price is done when you get a top Just like we're talking about on those whether it's a wave seven top or anything else All that it really signals to you and I is price should make its way back to support It's when it breaks through support that then there's troubles in river city in this case here right now price got right back to support Where was support turns out it was its green oxygen change line and the bottom of its profile the bottom of its profile Was 36 19 and the low today 30 or the low on that tray on that half hour session was 36 19 Gotta love how those profiles work as well So what do we have here on a 30 minute time frame? You've got a neutral signal now price closed well 36 19 You might be on to something with regard to ccj pulling back even further It certainly would pull back further and should pull back then to 35 44 and if it closes below that That's where it could be signaling that okay that peak g out there Yeah, there might be something to it peak And no pun intended so if that helped you out with regard to ccj Thanks for taking the time to write in and as always a good to hear from you duke wrote in and duke wants to take Look at he duke would like to short soybeans. So let's go take a look at the november soybean contract out here See what we can find it turns out duke that today will become bar number nine of a td9 come You know if that tells us that says you should see a short term top at least form between today and tomorrow Now remember 80 percent of the time well Not a day. I take that back. This is to skip that skip that there That was a brain fart didn't mean to say that at that moment But what we do know is that the high of this pattern can take place in the bar following bar number nine Well, shoot price gapped up today. I don't have any we're not at any resistance level on the daily time frame So I don't know that today is that top We'll look at a short term time frame chart try to figure that out on a weekly time frame Odds favor that price is going to make its way to 14 11 75 It's gotten pretty close to that for sure That's the top of its weekly profile the monthly chart here not helping us a whole heck of a lot Now if we look at a 30 minute time frame chart if you give me a moment here We'll pull the 30 minute time frame chart over see what we see out here And here you have what? Nothing much you got price trading between its td9 count breakdown resistance level at 14 0 6 75 And support which is down to 13 96 30 and even below that you'd have supported 13 78 So here's what I think y'all to do duke is I think well, you know, let's go see if I can figure out what soybeans do Historically speaking. What is their seasonal pattern? So let's put that up on the screen I'm not sure if we can pull that up or not. Let's see if we've got soybeans here Is it in front of me and I just don't see it. Here we go soybeans So let's see what time period we've got we have 32 years worth of information So over a 30 year time period The top in soybeans typically comes in around the september 3rd time frame would be the first stop september 12 So let's say september 12th through the third with price will be lower into october So you are at the same time you get in a daily td9 count top You're hitting that potential unfavorable seasonal cycle over a 25 year period of time nothing different there over a 15 year period of time We're in it basically right now So duke I see what you're looking at at least the seasonal charts here See what you're looking at and certainly over the last 15 years soybeans have acted miserably in the month of september so Yeah, okay. I get it. I see you so Look at looking more intraday charts out there, you know, you've got some potential signals But maybe that top really doesn't come until tomorrow So duke thanks for bringing that to our attention and best of luck to you We had a request to take look at n video the questions is time to short So let's pull up the charts here for n video nvda And we're looking for some kind of a top out here. So what do we know? We're gonna back up here and we're gonna start at the longer term time frame longer term time frame is the monthly time frame What do we know about it? Well, this is going to complete bar number eight of a td9 count now In order for bar number nine to complete and bar number nine must complete That means that at the end of next month the end of september price must close above 378 34 in order for that pattern to take hold However Do you see what I see? I think the answer is yes, you do and what is that? Well, right now the bar that's in place out here is called a key reversal bar Why is it called that stevie? It's called that for three different reasons number one in order to generate a key reversal bar You must be in an extended condition. Well folks, I guarantee if erosement and indicator signal is triggered You're in an extended condition other ways an a to b equal cd towards a d point out there Maybe towards the top of a profile, but here we're definitely extended First thing has been taken care of the second thing is you must trade Above the prior bar is high and below the prior bar is low Well, that's been accomplished in the month of august and then the last thing which I can't answer for you just yet Can answer it for you does 11 37 in the morning on august 28th But we need to answer this on the 31st and that is price must close one tick Just one tick in the opposite direction of the trend. So in this case here, what price would need to do is close Follow a close at least at least that or below 457 92 457 92 What happens if it doesn't well, then you'll have a no key reversal bar You'll be bar number eight and we really won't have a conclusion that we can draw on a monthly time frame chart The weekly time frame chart you've got a good old fashion consolidation with inside profiles 408 99 to 472 on the daily time frame You're traded above the top of its profile Certainly no reason to take a short right here right now. We'll get back to this break Let's take a look at nvd on the 30 minute time frame chart as well In fact, we can look at on 30 minute and the 10 minute chart see roads with tf and n will be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tf and n dot com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tf and n dot com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tf and n dot com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today df and n dot com educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either Direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares Carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary Prospectus, please contact direction shares at 8664767523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz You know what i've done here during that break i put up the chart for the seasonal cycle For nvidia and as we take a look at it now This is over a 24 year period of time What you can see here is we're in a period of time where nvidia typically tops out And in it like like the markets like everything else. Uh, it runs lower into the middle of october We could take a look at nvidia over its 24 year history. It's unfavorable months have been uh, june july We're past that but then september and august is typically a good month Its best month is november or has been november. That's over 24 year period of time. We dive down just to the last 10 years Well, we're still in its unfavorable seasonal time period. So it does make sense now It's one of the strongest stocks that are out there. Do you want to uh, do you want to short one of the stronger stocks? I'm not going to make that decision out here But what we don't have is we don't have that topping pattern on the daily time frame where we have support That is holding so we've already covered that on an intraday time period out of 30 minute That is what we can see out here is this is form has formed a td9 account bottom And all that we've got is price consolidate with inside its profile between 453 and 464 Whichever side breaks tells us which direct where price is headed to now every breaks the upside for 85 As a target to the downside for 22 would be a target. So you've got a bottom Pattern in place a little consolidation with inside that profile Um, certainly not telling you to short if we look at a 10 minute time frame chart Out here on a 10 minute time frame chart, you've got to confirm roads meant to mitigate her bottom Price is going to trade into its resistance zone. That's between 461 37 and 463 64 So with regard to nvidia seasonally speaking it basically tops out around now And uh from a seasonal standpoint, we saw that from a seasonal standpoint We saw that what we don't have again on the daily time frame to some type of confirmed top out here Nor do we have that on the A weekly time frame. So, uh, I hope that helps you out with regard to nvidia the next request I think it's the only other request that I've got came in. Okay by email It is uh, you're in j nugget to long. Do you see where do you see the next resistance level? So let's put up the junior nugget jnu g See if we can help to identify some profile levels Maybe oscillator and changeline support or resistance and this is for joe And so the next resistance level that's assuming that it can close above the resistance level trading into today That's the top of its bare structure profile. So your first numbered write down on your pad of paper is 31 27 We're trading right now at about 31 37 so about 10 cents higher. Let me just check down that jnu g. I'm sure I've got a slight delay on here But everything I've got going you 31 80 is the uh current print. Yes, I'm not even close out here So as long as price can close above 31 27 which it has not done Um, then with the next resistance point then old resistance could become new support So I'm going to give you a resistance level which I've already done And if you're close above that for two consecutive sessions Your support will become either the top of the profile 31 37 But more likely it was only a counter trend move to the downside 30 39 Your next resistance level above this 31 27 is 33 24 At 33 24 on a daily chart is his td9 account breakdown resistance level That being said we have to go take a look at the weekly chart. What do we have in a weekly chart? We have price back inside his profile right now and its next price target of resistance at 31 80 We're trading. I know my chart doesn't show that right now. We're just the last tick was 31 83 So price can overcome that level 31 80 which it's trying to do right now I'll move to the 33 70 area. It would be likely So that's what I see with regard to support and resistance. Joe. There's no reason for us to take a look at that Weekly time a monthly time frame But let's put up the gdx because the gdx is at least the one-to-one version Of what's going into the miners. They're not the junior miners out there. I think is Yeah, I pretty sure that's more than a one-to-one. Is there what what is the one-to-one miners? Anybody know off the top of your head is there one-to-one on the junior miners? That is this is the gdx But let's just talk about the gdx since we're here And if we take a look at the gdx John s do the gdx as well So as we take a look at it, it's trading above profiles out here And as long as price remains above by 28 45 What we could have is an a to b equal cd pad that's setting up now The swing point will be the trading day of august 24th and the volume there was 17 million shares So far the first two hours of trading you've done 3.5 million So that's it looks like to me like we are light in the loafers now That does not mean that this cannot form an a to b equal cd to the upside and the price closes above even if does not light or volume 28 97 that would trigger the a to b equal cd pattern Now that trigger or that pattern would then give us a price projection as soon as stevie can grab this thing Good lord I've lost my grabbing technique That's weird Okay It's really not okay. I mean what the heck? Okay, I'm just gonna copy paste try to move. Oh my goodness gracious All right, uh, steve might have to do this offline. Let me buy offline. It's doing on my other system. Wow Wow, okay So, uh, I guess everything's happening for us. It doesn't want me to tell you what that next opportunity is So I'm gonna do this on my other screen the gdx right now Well gdx I have to actually learn how to type I did learn there is no gdx z Symbol out here. So with regard to the gdx It's trading above that swing point as we speak right now It would be a small a to b equal cd pattern that small a to b equal cd pattern Would give us a one-to-one price projection at 29 71 above that it would be 30 17 I know you're not seeing that on your screen right now I've got it on my screen out here, but that would be the price projection level now The next level of resistance that price is going to deal with is going to be the bottom of its weekly profile And the bottom of its weekly profile is priced at 29 12 So you really want to watch 29 12? I know steve said if you close above 28 97 You'll trigger an a to b equal cd even if it doesn't have the volume out there But now we're going to change our tune and why because we know we've got resistance at 29 12 So I say price must close above 29 12 in order to trigger that a to b equal cd And if it does we got that price projection 29 71 to 30 17 Turns out that a countertrend move if this is all that it is I'm not saying it is but if it is only a countertrend move price would find resistance at 30 21 Right inside that range that we would just take a look at for the a to b equal cd pattern out there So that's what I see when we take a look at the gdx Um the gdx j so I guess that would be the one-to-one. So let's take a look at gdx j Thank you on that john Which would be the opposite version of the nugget. So this is really where we're going to get the better Trade the information here joe. So as we take a look at it, let me go on my other screen since I've got a delay as well gdx j And uh right now price is trading above the swing point that swing point with this bar labeled bar number three out here That high inside the gdx j Is at 35 65 volume there 7.8 million shares so far today You have done 1.2 million. Wow. So this does have the volume. It's going to be close. I should say it'll be close It looks like it's still a little bit light, but on the gdx j the a to b equal cd I'm not going to try to make it on the white background screens here I'll just give you where those price targets are the initial or the one-to-one is 36 84 the one to 1.272 37 56 now the gdx j is trading with inside its profiles already So on a weekly basis its next resistance level is going to be at about 35 99 that number is going to trade You know going to move up and down as price moves up and down But you can kind of use that as a guideline and on a monthly time frame chart What you'd love to see at the end of the month is for price to close above the top of its profile If for the gdx j that number that magic number is 36 25 She wrote what tfnn will be right back If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals Sign up for rocket equities and options report today with a 30 day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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Bill to take a look at the seasonal pattern For both the gdx and gold. So we've got the gdx up on our screen right now Now this is a 17 year history that we have out here. You can see that we're in the unfavorable seasonal Time cycle time frame cycle that typically lasts until really about the early part of september Now it's a bumpy ride or at least it has been a bumpy ride But what do you want to know? I suppose mr. Bill is how to september? Do for the gdx and if you look at that bottom right hand panel there again That's over a 17 year period of time september is the weakest month for the gdx Somebody says buy on monday's clothes. That's right sell on wednesday. Yeah, that that's a trading strategy for sure to consider Now that's over 17 years out here. We've got the 15 year. We're not going to see much of a change there If we take a look at a little bit shorter timeframe the last 10 years So you can see we're in its unfavorable seasonal cycle time frame as far as gold is concerned Let's pull up the charts here for goldilocks So steve you can find them here. We go right up at the top and in the case of gold We go back much further. We go back 55 years for a gold and we do that We can see we're basically in a favorable time period So goldilocks is favorable seasonal cycle on average over the last 55 years Has formed when it's put in the bottom in the july time frame And then it typically tops out it makes it's a seasonal top All right around the middle of october the opposite of the stock market, right? And then it then it basically enters a unfavorable time period out there in the case of gold We can see that september is its third best performing month That's been over a 55 year period of time and the first two performing uh, or best months out there January is the best december is the second best and you've got september Pulling up the rear. So folks day two for some great programming again. I'll be here tomorrow I am off then from wednesday until i think it's september 18th that monday I will be in japan 13 hour time zone difference So i'd have to try to do a live show at midnight and that's not going to happen Not with the amount of sake we're going to be drinking so folks day two for great programming I'll see you tomorrow be safe out there. Take care and have a marvelous monday