 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge now Steve Rhodes. Good afternoon and welcome to today's what is today today is the July 22nd. It's a magnificent Monday edition of today's Trader's 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. That's right. Hope everyone out there is having a great day. Let's have an extraordinary one. The easiest way to have an extraordinary day 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 going to toss at us. Today you and I we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears what those 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 more important than that during this next hour I'm here to serve you. So feel free to pick up that phone. You can dial in at 877-927-6648. If you can't dial in, we've got you covered. You can always send me an email Steve at tfn.com inside that subject heading. Please put radio show question and please send it sooner than later. Now we don't have to worry so much about those internet service providers when that email gets to me. Of course in our Tigers Den, well any ping will do. So let's go ahead get this show started on Magnificent Magical Monday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Lush Show. Right now we've got the Dow trading up a half a point. I trade out at 27154. It is green across the board. The leader out here has been the semiconductor index. Let's go take a look at it in a few moments. In fact last week we looked at it and said wouldn't generate a topping signal. The earliest topping signal would come this week. So we're going to go check in on that. Spotball Othildex is underneath the 50-day exponential moving average. It has tested and rejected that level. It's trading out right now at 1390. Gold is flat. Silver is anything but flat. It's up 23 cents or one and a half percent. Light sweet crude is up a buck. I'm sorry, it's up 60 cents or 1% to the upside. Natural gas is having a nice move out here up 3%. Lead that charges the upside beyond meat. What could be beyond meat out there? Well, it's up $19. Trading out at 196. That's 11% to the upside. Booking holdings up 17. The trade desk 12. Mercado Libre 9. Veil resorts up nearly 9 bucks. The downside it is innovative, industrial, something or other. Double IPR. That's straight down 8% or 10 bucks. Lennox. Not to be confused with Annie Lennox, but this is L. I. That's down 964 or 3.5%. HDFC bank. I don't have anything for that one, but it's 5% or $6 in change. So no, no request thus far, whether it's in the den by email, their lines, phone lines are open. Let's go take a look. Try to figure out what the markets are communicating to you and I. And what is communicating is we've got obviously some kind of bounce going on. As I take a look at the mini and not a real reason we take a look at it. I could use any time frame, any intraday time frame 30 minute, 15 minute, 20 minute, 60 minute, 120 minute, all the minutes that you could come up with and I could not identify on an intraday chart a bottoming pattern per se out there and per se in reality. What we can see is since the low that was made on Friday that if we just on a 30 minute time frame basis, if we just simply do a simple count out there, that's me waving at you, except on the charts, we go ahead and we find that lowest low and then we just start simply looking for higher. I don't want to say higher highs. Yeah, higher highs and once they stop creating higher highs and we go on and look for the next higher higher and that becomes our next count in this letter. This case here be you and I always like to because we love baseball. I think we love baseball. We look for that 7th inning stretch out here. That would be letter G. We've got this letter number F on my charter. In essence, numeral 6 if we're going to go ahead and paint that in there. Maybe it's going to be at that 7th wave when the s mini begins its next topping signal out here. No levels of support inside the yes many have been really bust. Well, they have not been busted through. They were tested earlier in the day earlier this morning when price pulled back to the bottom of its 30 minute bullish structured profile. That was at the 29 point. That was at the 78 50 level. That was tagged at about. Well, let's see what time think around 10 or so when was it 11 o'clock off by an hour. So at 11 o'clock that push lower ran into support. That support has held says we should see a higher high. More likely than not higher than what we've seen here interday where that's going to hold up going into the close. I don't know really been just kind of a surprising move inside of the s mini out there. We take a look at the NQ again we'll just stick here with the short term time frame charts. Well, I should go back and say, well, hold on a minute. I didn't see a bottom that formed and take a look at the intraday charts. Then obviously the next question out of your questions is well, well, Steve all that. What did cause the bottom out there? Now, I think that was a question that I wanted to answer that question. And that's very simple. There was support that was the daily support of its daily market profile. The bottom that market profile is 29 69 50. The actual low on Friday was 29 69 50. Now, you tell me how that works considering that that market profile was developed several days before that. How did that work? If you want to know how it works, go out and watch the YouTube videos by Stottelmeyer or read some of the books out there and you can understand the mechanics behind it. Of course, our friends over task market profiles improved his formula out there and improved and it works. Muy bueno very well. So we do know that support held on a daily time frame. Of course then if support held and on a daily time frame, what's the meaning of that? What's the meaning of that? What's the market out here? Well. Yes, many as you know, because we took a look at this last week, we know that the yes, many generated a topping pattern. Now the requirement of this topping pattern here. This is the rose one indicator signals. One of those requirements was some type of bullish or BAM sorry, bearish reversal signal. In this case the sellers at that stage when they get the cell pattern is to go down and test support. Well, they did that on Friday and it held. But that pattern that's in play that called that top is still in play. It'll remain in play. The only way that that could possibly change would be a close above the top of that profile and that's at that 3023 50 and even if that happens out there, what we could see is wave number seven letter G. We were just kind of looking at that on that potential pattern exists, but first you've got Stevie's green line that's around the 3006 area out there. That's really where price would need to close above to say I'm going to make a run for another for another 15, 16, 17, 18 points up to the 3023 level. We're not there just yet. We're trading in between support and really resistance at about the 3006 level inside the ES many as Steve Rhodes with TFNN. I want to hear from you Steve at TFNN.com just put radio show question in the comments subject area or give us call 877-927-6648 If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon. The TAS 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. Heated by Steve Dahl, TAS 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. 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Welcome back folks so a couple questions that have come in one from Brian let me read that to you out here and Brian's message logical question out here and unfortunately I'm not going to be able to I'm going to answer it but I'm not going to be able to prove it so it's kind of like well okay so why are you going to answer it but Brian's question is this and many people have the same question says Steve do you think as I do that all these numbers work because enough traders watch and trade these numbers just like the Fibonacci numbers they become at least on a short term basis self-fulfilling prophecy I'm going to ask everybody in the den everybody in the den how many of you are using TAS market profiles you have it on your chart you're paying attention to those numbers or let's go several steps you can't hear me this is a problem can't hear me guys and the guys in the corporate office please turn on the speaker turn on the voice out here folks in the den cannot hear us please please do that there we go Mike is on now how about that we got it guys in the den can you hear me that's great okay good alright so now let me start over here so sorry for our folks in the YouTube audience but so here we go so Brian wrote a question good question out here I'm going to answer it as best I can but the problem is I can't prove my answer out here so here's Brian's question Brian's question goes like this Steve do you think because I had posed the question you know why did the market the yes many specifically stop at 29 6950 out there and Brian's question was do I think that all these numbers work because enough traders watch and trade these numbers for example such as like the Fibonacci numbers out there and they become at least a self-fulfilling prophecy first Brian if there was truth to that I would say okay use the .618 retracement level and just simply use that and traded blindly just do that you can't because they don't work if you do that you're going to do it with a paper account because what you'll clearly find out it doesn't always work like that how do I know I know because Brian I had that exact same question when I began becoming involved with understanding technical analysis out there the question I asked how many people in the Tigers then subscribe and have these task market profiles on their system very few when was the last time you saw somebody on CNBC technical analysts or fundamental analysts come out and say you know the yes many is likely to make its way down to the 296950 area because it's got a very structured profile out there and it may or may not find support at that level I've never heard anyone on CNBC do it I've never heard anyone on Bloomberg TV do it I've never heard anyone on Fox business news do it and even if everybody did there are so many different vehicles that trade out there that no again it can't be proved it can't be proved but here's what can be proved is these things work so beautifully well that for you and I we must use them or certainly I'm going to use them on my shows with you and inside the newsletter and provide subscribers with analysis as to where price is likely headed and the reasons why and so it really doesn't matter who's using these but the answer to your question is no I don't think that's why they work I don't think I just think that this is all numbers and so we use important numbers and profiles are developed one way and Stevie's green line red line is used another way out there and they just work the rose momentum indicator top it's got the top inside the ES many out here this pattern has been around forever actually I developed it the version of it that I use and I know that it is perceived it's been present before any type of 10% correction before any type of bear market every single time I want to save a single time I'm only going back to 1895 so that's as far back as in essence as I went in testing that out but doesn't mean that every time when it is present you're going to get a bear market but it is it is preset has preceded every single bear market that has ever existed inside the Dow so I you know as I say I can't I can only give you my inclination I can't I can't prove anything I can't prove anything I'll tell you what though I've been hanging around and around enough big boy traders as you put them in here running billions of dollars they're usually asking me what do I think the markets are doing out there these guys aren't really trading with these taz market profiles or steve's roads momentum indicator top and so on and so forth I it's not my experience Brian you know from all the different folks that I have encountered out here so I hope that answers your question as best as we can so let's go out to one of our first callers that is K Rico Steve how are you doing today Steve great I'm in the country right now but I'm leaving in six days to go back to working Costa Rica but I'm going to be self publishing our book in the next 40 days for sure that's great that's great so how's your visit been resting and organizing and doing more research on earthquakes and volcanoes then I am on trying to finish my book because Steve I'm very sincere about this I mean I'm worried about what's happening with the earthquakes that are coming west into east California upper area and there's a major major it's called the Diablo Canyon power plant nuclear plant and there's a major fault line right east of this plant and if the earthquakes coming west with all their energy should go into this Diablo Canyon power plant this could be the most horrendous disaster of all mankind and I just can't say it enough that they got to shut that plant down they just have to shut it down well there are there have been tons of earthquakes this year so it must be keeping you busy even the one this past weekend where we could go or so in Greece there was a fairly decent size earthquake there it depends on who's measuring it and what not and then the California quakes and there's hundreds and hundreds of I'll just call mini quakes that are happening in northern mid-California range and they had a 7.1 approximately what are we I think July 10th or so but my red flags are very seriously up for this Diablo Canyon because it's right there between two fault lines I mean it's just it's bad and they know better kind of amazing better that it needs to be shut down kind of amazing that they actually built a a nuclear power plant along a fault line or just in California period and then even hey I know you called you wanted to talk about energy anyways you want to talk about Detroit Edison or DT energy yeah trying to figure out that fault line and where that energy is going next because it's in a little holding pattern or maybe building steam the earnings report comes out Wednesday morning I always listen to how you know you guys talk about it takes a little breather it's maybe it's breathing right now so I'll let you talk to me please all right well look let's do this here I'll tell you what it is that I see we're about to go to commercial break a longer term trader on that but just let me have you ponder this so it did make a short term topping pattern inside of its weekly time frame chart and so when we come back from this breakout here we're going to talk about that the last time that these two specific patterns were present inside of Detroit Edison DTE was back in December of 2017 and led to a fairly healthy correction out there we'll take a look at the weekly chart DTE 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 trade 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 that has transformed 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 to 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's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity 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the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartley's ABC's Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks and months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna 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 this segment is brought to you by Think or Swim for more information just click on the banner on the front page of TFNN.com Welcome back folks so we're on the line with K. Rico in Pompano Beach, K. as well as Costa Rica and we're taking a look at Detroit Edison out here DTE is the ticker symbol and what I was mentioning to K. Rico and you as well and you can watch us on Tiger TV and see the pattern there's really two topping patterns on a weekly profile on a weekly basis that we're going to take a look at. So we're going to take a look at the momentum indicator top that actually confirmed last week K. Rico was really confirmed twice out here was confirmed once week of June 28th had a big old bearish and gulping key reversal session and then last week we had the confirmation of a three river evening star out there so both those say that what this should do is pull back now the price level a natural pullback that would just simply be nothing more than just a test of support if price were to break below that then you're looking at maybe one 11 out there but the first level of key support should be about 122.55 out there I am not suggesting to you and your family members that you sell that right now even though with that topping pattern because I really believe that it would need to prove itself to us I mean you're in this at about a penny and it made it's all time high just a six seven eight trading sessions ago what when we take a look at a daily time frame chart this hasn't really even taken out a what I would call a key swing point yes it has traded below it is trading below the low from July 16th out there that was 128 59 actually it's right it's above it right now but I'm using the key swing point out here K. Rico is the hammer candle that is trading below the low from July 16th out there and so price for me would need to close below 126 18 on a long term basis for me to say okay and then I have to come back and say well you've got 126 18 a price close below that 122.55 where it last broke out that still may be where price would hold you know so that's what I see I don't see a on a monthly basis out here K. Rico you would need to close on a monthly base below 125 64 in order for me to say okay let me relook at it and see where price might fall back to and the daily time frame itself doesn't have any topping signal out here and so this could just be a sideways consolidation out here for Detroit Edison DTE so my recommendation at this stage is the patterns suggest that this can continue to pull back to a big one a la the earthquake that may or may not take place out in California is that okay good play our words so in the meantime I just got to go with the flow you know and I'm going to take it to sincere to figuring this out because I really I want to be able to focus deeply on the book and getting things really working with the marketing and everything that I hope will come from the book and the political party that's going to spring out of the book okay well I think you stay with this until you see support thank you you know I still think this is headed to the 137 ish range out there 138 at a minimum at a minimum but that doesn't mean that I can't pull back first alright my friend thank you bet always good to hear from you and I'm going to go back to you and I'm going to bring those calls back to Costa Rica let's go to Jerry in Boston Jerry thanks for calling thanks for holding how are you today. Thank you. Yeah I'm interested in safe balkers SB. Yeah so tell me what you're doing and how I can help are you trying to get in are you in. No I mean I'm in I bought some of the dollar 40 dollars and I think what I want to say all of the sales are based on the Baltimore BDI Baltimore Baltic dry index. Yeah which is just exploded the last time the Baltic dry index with this price stock was at about a seven or eight and I would tempted to take profits you know you get a 50% gain in a few weeks but you know with the Baltic dry index going up. I'm thinking I should stay with it I was almost going with buying more. So Jerry so now you you're going from taking profits and selling to buying more let me see if we can help you out here and figure out which side of that which side of that trade you should be leaning towards first when you you've been watching this for a while and kudos for you for watching it for a while then you know there's that reason to go ahead and take that trade off when you entered into this and I use the word trade I use that loosely you know was this what was your what was your thinking and I don't mean that a negative way I mean so what were you thinking when you entered this trade was this was this possibly a longer term trade is this you know well I thought the Baltimore Baltic dry index would go from to about 15 or 1600 very even point is 1400 and so that it would go into the positive earnings territory now the damn index has jumped over 2000 and I think I understand why because iron ore mines are coming back on that had gotten destroyed in Brazil and also they have a new guidelines for next year and I think a bunch of the dry ships are shutting down because they have to put in this new equipment to cut back on pollution and so you accidentally have increasing demand and decreasing supply and so I mean I'm suddenly thinking this thing might go to 3 or 4 or 5 can you get the Baltic dry on your screens I don't have it I'm sorry to say that again I'm not sure what the Baltic dry index is let's do one thing at a time here let's first stay with safe balkers out here and because the worst advice that I've ever heard out there are the folks that say buy low and sell high you want to sell tops and buy bottoms those are two different things out there and so the question that you should be posing to me is do I see a market profile that I am inside ticker symbol SB so let's take a look at so here's what we first know and take a look at these three time frame charts we use our task market profiles and we look at daily weekly monthly I even have quarterly up on my screen on the very right hand panel those would be the red horizontal lines out there now these these market profiles if we consider our charts to be on the right hand side there are a lot of chains out there on the football field in this case here once you're beyond the first down you know it's going to continue to run until it sees a new profile level a new chains out there or the play is still underway on a daily time frame SB the player still underway they're still running the ball because Friday price got above 210 that was the first down price got above 172 several weeks ago that was the resistance level for it and now we take a look at what's going on a monthly basis we can see that staying above 217 we don't know how the month will end doesn't end today's what the 22nd so not until next Wednesday Thursday whenever the 31st is out there as long as pray closes over 217 this says it wants to continue to run higher we're going to a breakout here but when we come back we're going to look at some of the other charts with you will try to identify any kind of potential topping signal but right now I think you need to get the BDI I think you'll see what I'm talking about okay this is an extraordinary move in the Baltic dry index alright we'll be back in just a few folks we'll be back in just a minute if you're in a CD market and looking for a secure investment the Tiger First the first one is the biggest investment in the past few years in the years in the last few years the tax act of 2018 set up tax free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable 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 interest paid is 6,200 over the four-year period that same $50,000 investment in the Tiger 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 Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you haven't been waiting for all of the TFNN newsletters are informative 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 run or 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a look at the safe bulkers SB is a ticker symbol we're doing that with Jerry in Boston so Jerry let me go through this with you one at a time if we take a look at the daily time frame chart out here what you and I are going to notice is prices beginning to rise and do with less relative energy out there when that happens my my charts will automatically draw those lines this is how markets can make tops and can make bottoms for example SB made its bottom with that exact same pattern way back in March of May February no it was March of yeah March of this year out here this pattern cannot go into effect unless we see some type of bearish reversal signal by the way the pattern can go away because it can get enough relative strength to just simply negate it it just says let's pay attention or you should pay attention even if you do get a bearish reversal candle price would likely only pull back to 210 or 208 so it may not be a reason to sell that's assuming that we see some type of bullish reversal signal if we don't then we take a look at the weekly time frame chart and when price cleared 191 that was where the draw that's where SB on a weekly basis had previously broken down that really communicated to you that there is a in effect of change in trend on a weekly basis the next area where price broke down on a weekly base was $2.75 on a weekly charts I don't see anything here to suggest that that is not where it's headed to so the next price target for you is 275 as far as the weekly time frame chart is what it's suggesting to you and I if we look at the monthly time frame out here it's really trading in between support and resistance resistance in the long term it's $4.13 it's a solid green line going across my screen another pattern when markets make tops and bottoms they can do with this TD setup 9 count that's how it actually bottomed back in 2016 and if we just simply it was bar number 8 2016 hopefully you're able to watch on Tiger TV you'll see the tool you'll see the chart that we're using often times when prices also can make a top or bottom they do with that 7th inning stretch that is wave number 7 or it's letter G that is exactly where SB topped back in March let me get the actual that was in March of 20 second here March of 2018 and it pulled back right to where price had broken out on a monthly time frame right around a $1.17 didn't actually get down to $1.17 but close enough for us so this suggests on the bigger picture that price is trading between $1.17 and $4.13 out there if you're concerned then there's one great way that you can go ahead and play this to the long term and that is I don't know how many shares you bought I don't need to know how many shares you bought take your principal off the table just go sell enough shares to get your principal back and then you have free shares Jerry and then you can let this thing ride but right now I don't see a top in place inside of SB I could not pull up the last time the Baltic X was at this price was 2014 yeah but and I can't pull up that chart unfortunately I would venture to say if we go back and we take a look at that you and I will be able to find a topping pattern so we would be able to very likely find a topping pattern no different than what you and I are doing right now and that's why I say I don't see a topping signal here and that's why for me I would stay with the trade hey thank you very much you bet my pleasure you bet that was Jerry in Boston let's get to we have a several questions that have come in by e-mail see if we can get to all of them the first one from Scott in New Mexico and Scott is asking the question about the Great British Pound US dollar and let me pull up those charts I will go read his question out here but the question basically is do I still expect are the charts still is that it right there no where did I put that give me a second here my apology trying to do two things at once I usually can chew gum and do charts at the same time so Jerry's question Scott's question my apology says do you still see much lower price in the Great British Pound US dollar here's what we know Scott if we take a look at the if we take a look at the monthly timeframe chart out here just going to do this wave count on the way down it wasn't here where was it let's get back to what we know first what I'm trying to do is try to find a bottom out here bottom pattern so here let me do this so here from this high so three or four days ago we got that wave number seven on the way down let me give you the exact date of that Scott that was on the trading session of July 17th out there so that seventh inning stretch that wave number G we always pay attention to that because it can be the identification of top or bottom in this case here a bottom now what price is not done on a daily timeframe out here Scott is close above the top of its current bearish structured profile it would need to close above 1.2606 and that would then say a counter trend rally up to where it previously broke down and that would be at the price point of 1.2735 so you're asking do I still see lower price right now I see price trading in between this range of the low from July whatever was 17 I believe was the day out here and maybe a buck 26 to maybe 1.2735 that's what the daily timeframe chart is showing us price has also made its way down to the bottom of its quarterly market profile that was at 1.2337 so price would need to get below that close below that trade below that that then take us all the way back to the 1985 lows out here so we pull this back that gets you into the range of about oh I don't know around a buck 05 1.052 out there so we're going to answer your question this way do I still see it going lower right now in the short term this is giving us a bottoming signal but this doesn't mean that it's bottomed and you should buy it and it's going to the moon that is not what I see out here when I take a look at the Great British pound US dollar I hope that helps answer your question Mark writes in and says can I take a look at the GDX and tell you what I think I think you ought to be really careful I think Mark from Colorado you need to be Moy Grande careful out here what is it that I see when I take a look at the GDX look I don't see a topping pattern that is confirmed that is for sure so I'm going to answer this thing totally 100% objectively but what we can see is that price is pushing higher and doing a less relative strength out there and should you receive some type of bearish reversal candle here Mark that would be an indication of a top now the reality is inside the GDX it wouldn't confirm a change in trend you're printing out right now at 2823 until you get a close below 2551 that's pretty significant out there so here's the deal and I do mean it's a deal out here hey if we take a look at the weekly chart you're now in week 9 of the TD setup 9 count by the way when the GDX formed its bottom on a weekly basis Mark it was back during the week of September 14th 2018 and what had preceded that low bar number 9 of the TD setup 9 count yeah tops or bottoms will occur on bars 8 9 or the bar following 9 you're going to take place I don't make this stuff up these patterns work these patterns are something that we pay attention to the reason Mark that you must be careful out here is gold has given us all kinds of topping signals for every single time frame now what do I mean every single time frame I mean daily I mean weekly and I mean monthly just be careful just move your stop Steve Rhodes with TFNM we'll be right back with another episode of visiting TFNM.com it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers with a listing of coverage of the XAU HUI GDX, The Dollar, Bonds, South African RAND as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get 30 day money back guarantee so you have nothing to risk for all the details and to start your new gold report visit the front page of TFNN.com don't let gold's next big run pass you by sign up today 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 Nicar 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 it 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to do that by taking a look at the nq let me give you some numbers to pay attention to out here the primary number is really going to be seventy nine seventy five sixty five the q's maybe headed up there that's the top of its bare structured profile out here in order for it to do that at first has to get up to steve's red line at seventy nine forty out there seventy and forty maybe the extent of the bounce out here there is a topping pattern a three drive to a top pattern that is in play even if the q's go on and make a slightly higher high that'll get to wave number seven out of the letter g which as we've seen by looking at other charts that too can be a topping signal out here no change in trend yet in order for the q's to confirm a change in trend they must close below support that would either be the bottom of its daily box is seventy seven ninety four or it's really it's breakout or its last previous breakout which was seventy seven forty three so we're really kind of i would say neutral at the moment you've got a topping pattern you haven't broken out the bottoms out here and that's what i see going on inside of the n q's out there john writes in wants to take a look at says hey what do we see with regard to t what do i expect for tbt i would say tbt doesn't get a chance to really get rolling until price maybe moves just a tad higher you see there's also a topping pattern inside the u.s. treasury bonds a thirty year out here gave you the roads momentum indicator top when i had that big old bear sash candle that formed price did break and close below the daily profile out there that lasted for two days a new profile has formed prices above the top there and so the key level of resistance john in the nessence that would be for tbt because i would be shorting a thirty year treasury does we need to see a rejection of about the one fifty five twenty five ish level out there that's what i see when i take a look at tbt based on looking at its underlying instrument the thirty year treasury folks thanks much for being here on magnificent monday have a marvelous afternoon stay tuned your favorite polar bear david whites up next tom o bryan three to five i'll be back with you on terrific tuesday thanks again for being here