 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 Hi everyone, it's not Steve Rhodes for Mastering Probability it's Basel Chapman just continuing my show from the Tiger Technicians Hour a few moments ago I wanted to do this because I just had so many questions coming in about stocks I wanted to look at the overall market in my show you can listen to the the replay where I'm looking at what's going on I think we're getting a little tight on this fabulous up move it's really it's been very impressive and it says to me you're raising the base of support however we need to see how we get into this first week of September let me just run these and let me just show you here for months now I think it's more weeks but it probably is about six weeks ago there was a trend line that I said I'm drawing this in here in the e-mini it was in the middle of a very narrow long rectangle it's a technique that I use in the travel wave methodology but I said I'm just going to keep it I'm going to put it in it'll disappear and when it comes back it's going to become very important and that was a trend line horizontal long-term trend line that it will just keep going because I've got it here as a permanent trend line at 45 30 well we weren't even close then yesterday we started to climb and we got to it then we went over and then around and here we are it became important just today in the one-minute chart alone look how many times I don't want to count the number of watts but look at this gray line and look how many times so it's very often that you can take a particular candle a particular gap a particular technical tool like a moving average or whatever it is and just identify something within it to say you know in my experience I think this is going to keep coming back as a magnet and that's exactly what it's doing right here okay we're done with that now a whole bunch of stocks let's go through this one at a time we'll live from where we left off LAC was a question LAC is a symbol um lithium america corporation had a higher 4156 back in november of 2021 made a double top and if you look at the double top this is a technique I like to use we're going to treat this as an educational show as well just in terms of what you can look at to really help you with you look at the way the first high in november at 41 in the 41s look at the MACD how strong it was look at that green nine-period moving enemy get to the pointer look at that MACD strong nine-period differential it's called and the 26-period moving average red one look at that when it went to the second high it already started turning down in fact it was on its way down but look at the double top in the on balance volume look at the way the sarcastic this little red and green group here look how it made a perfect high right yet 41 56 when we went to that next high it failed and that just said to you be careful because if you start to see this green nine-period moving average flip to pink which it did a couple of months ago it means that in monthly chart it's in a big digestive phase so you've got this trend line that I've got here in the weekly chart let me just I don't even know where it starts I'm just going to grab it right there and continue it right along there just a diagonal and it hit it exactly normally in this kind of pattern what I do is I make that red I make this green I say to my eye that's called the Chapman wave inside track propellant zone it fails if it starts to close under this red or pink line this is green and it went right into it now I can open it up and show you there's your double top look at the fantastic differential between the strong technicals back at that high in November sorry December we could December the 12th December the 3rd and look at this this is in April the 8th look how weak all these things are and within three weeks you got that nine-period four weeks you got the nine-period moving average crossing negative look at that but look it's actually held quite well if you're looking at this low right here if I was to draw in left side right side price time match there's bar symmetry I could grab that grab that to me that looks close but you're probably going to just miss it because it doesn't get there so here we go look there we go right there yeah this is it's exactly in this week well this week it's not going to touch that so so far that's a positive divergence in the weekly chart of LAC Lithium America so let's go on let's look at the daily chart daily chart is a very nice turnaround the on balance volume didn't make it this it's very rare for the stochastic to give you almost the exact bottom and look at this it's one day it was one day early it was hinting there was going to be a big turn that doesn't happen because these are lagging indicators look at this one right here you see there's the high and then it took a little while to turn down so this is a good sign and the nine the pink nine-prime moving average is close to going green but the speed and the power to go to the upside with a mag d says that you know what it's probably going to stall at that left side high of four on the 14th of august at 18.55 today's high is 18.53 it's very good action but it's got a stall emotion so i'm going to put this down here it's one that i'm going to follow what's the price 18.39 at 18.39 uh big question mark okay so that's there so what you want to see is 1785 of the moving average support levels i don't want you to even get there on any pullback 1837 was the 18 sorry 1806 was the low yesterday i don't want to see that taken out because taking our next two days you will test these and then it'll take a little time if in fact it just even doesn't pull back but it actually makes a higher high tomorrow that's going to be very positive the weekly chart says wow there's a lot of work to be done but go one step at a time so the questioner said um in it you're in it i would not add to this yet i would just keep that position you'll have plenty of time to add to this because if if the stochastic 66 actually gets to 80 percent or more by next tuesday this thing is going to go very quickly into the 19s and that's what you want to see next question um going at a time uh it was m oh i wrote that wrong mr dy i believe it is mr dy let's just check to see no it was tuesday morning monday morning let me just get that symbol again uh mnd y how wait wait how did i get so many so different oh mnd y mandy that's right mnd y very nice legs legs see in the chapwave a daily chart i drew this oval in because this could become a stork leg formation i don't want to go through that now it's called the chapwave stork leg it looks like a long leg then it's got the long oval body but it cannot at this point it cannot take out that low that'll spoil it but it could take out that high and that'll be good so monday dot com i can't remember i i looked it up and now i can't remember what exactly they do it doesn't matter what they do that monthly chart is improving a lot look it's walking the nine period moving average i like this very much it needs to hold it's 178 it needs to hold 170 74.50 all of next week if it pulls back below that that's the problem but if it just can't leave wait a minute mistake this is a leg deep you're always looking for leg deep good i'm pleased i caught that i'll be back basal champion this is not mastery probability for basal champion sitting in for steve's hour i'll be 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 forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex 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 forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report 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 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.com 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 and stock prices get the opening call newsletter by basil Chapman and 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.com 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 toll free at 1-877-927-6648 internationally at 727-873-7618 my folks back basil Chapman sitting with Steve Rhodes I was lost how come how come you took the time to be able to do this because I was going to be trading at this particular time and then when I saw this move to 30 45 30 back again I said you know what I'm only going to get in trouble I had a nice move from that off the top there all that'll happen is I'll go in and out because it's a sideways trading range and what happens in a rectangle formation as you think is going to break out it just holds and comes back and as you think it's going to break down it just holds and goes up again so I'm just looking at this and saying I think a little later on and maybe the next hour we'll start to see a pretty good pull but I'm watching this closely because when we start to break below 45 45 30 for a 10 minute bar and break 45 25 I think that could be done for much of the day with a lot of profit taken being taken for the last couple of days okay let's get back to our story so I want to go back so you want mining where was I oh first of all I didn't finish that now I can't remember what it was oh MNM Mandy MND why yeah so Mandy Monday.com it's in leg D I like what's going on I believe you do own this and it was an investor's business daddy I just think it's stuck in a range and what I would use every time it pulls back under a 160 it's a 178 right now but if you have patience if you aren't along right now you have to wait for this long to play out but when it pulls back if it pulls back below 173 and if it closes under this 173 it says that the rectangle is going to go even long sorry the oval pattern in the weekly chart is going to go even longer so just be real careful more importantly this is in play in the monthly chart but I think it's not going to be easy I think we've had the best move to the upside this in fact looks very much like a one to one that's completed so and the texture goes all good I'm just saying now risk reward is just a little bit tougher if you ask me what you're getting right now I'd say I think the risk is I would start if you're looking to get in a position starting a little bit here and then having a six or five or six point next entry as your plan based on this oval pattern that's something I'm going to say hold off let's look at it again maybe Monday all right oh let's look at Monday.com in fact let's look at Monday.com let's just see is this starting to pull back am I going to regret this that I didn't keep yeah this is going to leave there's your 45 30 I don't think this is going to hold okay let's go back to our story here this question came in Newmont mining actually it was the statement about Newmont mining and I believe that Mexico so let me just clean over here if I don't spill the water on my computer Newmont mining basil since the mining strike started this past June in Mexico versus Newmont the gold miners are hamstrung if Newmont it gets hung out out to dry and they the biggest the little miners are stuck you know you might be right because I looked at some of these miners for instance one that we often buy not often but over the years this is what we go to just for a quick trade there's NG Nova Gold I didn't quite like the way it stalled yesterday without breaking out sharply and this is just a $4.20 stock down a little bit today so I'm being very selective yes we've started a silver stock more because it's a stock that I think is telling me more of a story on the shorter term I don't yet know about the intermediate term and I did expect that it would pull back which is pulling back from my entry yesterday just a little bit but that's I'm being I'm being cautious because I do believe that the dollar and if you look at the Dx1 I did this in my show look that's very nice up 52 ticks at 1369 just real quickly I just want to show you using just these two moving averages look here's the dollar if these averages the nine went over the 14 to go green this is nice and it did a beautiful v-shaped pattern with the left side this is the price the gray is just a closing price and this is a 9 and 14 period moving averages look how nicely it went and retested the high I think I think the dollar is holding in well just for the moment it's doing okay so that means that you've got to consider that it does have a chance to uh exacerbate any weakness in the market which I think we're real close to we'll remain short to down from the exact high August the first using some of the technical tools and we still short as SMH's just off the high so those are key positions on the short side oh great what I'm what I'm talking about is you you you you this is the um this is a uranium energy fuels uh uranium company I'd say the one I prefer is the one that we actually own which is UEC and that is having a pullback which we expected after a fabulous nice great percentage move up it's training down 12 since I still think this is the better out of the two so the question remains yes and the answer remains the same did I just hear a bell ring did I hear a bell ring like it was a peak F top let me just check right here we've got Garo Garo Newport Beach California Garo how are you how are you sir I haven't spoken with you for a long time mr sar himself right yes sir it's few years absolutely right um I never forget you professor never ever forget you I don't forget you very knowledgeable yeah yes sir yes sir all right enough enough with the compliments Garo what are we looking at no no no it's not a compliment that is true that when I say okay I'm I mean it I'm I just mean it yes sir um what I'm looking for is for sq sam queen um on my daily chart it I use the short parabolic all the time and he does miracles to me and you've just got a biasing third day that the uh the three dots are at the bottom and the the candle is above the five they seem to be moving average I wanted I wanted your blessing and see that if it's positive you'll see that easy to this is a way this is the the beginning of up trend of this stock or still there is a pullback yes sir so Garo I have kept I used to have them years ago decades ago they say are and then I had them off and then I used to hear you and you call me and I I kept them on one of my charts I always keep it and I keep it because I believe if you have a technique and then someone mentions a different technique that is additive to your work I like to include it so I do I I have to also admit that I kind of forget to look at it most of the time but I have it on my chart and at my peak G and you know all the companies that change their names they deserve to get hammered and clubbed which they did square becomes blocked I mean block I understand it makes sense but square was a great point of sale software my managing receipts Facebook goes to oh man you know Google goes alpha but I mean what is going on here so they change their name well it serves them right they were they went from 289 back in August of 2021 down to 51 in October of 2022 well got it so okay so if you look at the monthly chart it's made an H I don't know you remember you remember I talk about the dreaded H pattern where you come down sharply try to already fail and retest the left side low or the monthly weekly charts have done that so we're on with Garo 1048 recipes up 9 squares up 30 cents we'll talk about it because I don't think it looks that great I'll be back in a moment old report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london OTC market the u.s. futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the XAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com 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 and technical market analysis 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hundreds of times using the sar the parabolic so what we're looking at here is that yes you did get your dots there was a little doji candle there was a low on square um i should call it block that's its name block ink formally known as square 34.73 was a low on the 18th of august retested a little higher 50 54.97 on the 25th but if you look i don't know if it can you see my charts yes sir yes okay so you see this daily chart you see the way the mag d this is the mag d i'm circling right here has turned positive look at the stochastic it's gone from zero practically gosh this was the worst you can get it was down at one percent i mean one percent for the stochastic that is really weak it has only one way to go after that and that's up and now it's at 28 but look the price really hasn't gone incrementally higher um and the on balance volume is kind of weak so i'm just going to suggest to you that it might not be that it isn't a buy because it's not going immediately up into the 60 62 area it might be a process so this i'm going to put if you're watching me closely what i like to do in this particular instance i go to the left side candle of note this is a little reversal candle right there and i draw in a rectangle and it says to me that we've got one arch formation right here that's the dreaded H with a successful test on the right side now we've got a second arch if this arch closes two bars out of three above the high that was made on the 22nd of august which was 58 round number high today's high is 5850 it's trading at 5809 right now so if it closes two days above that it says good now you've got a little bit of upside momentum and it can take you to the next left side high and that's the high that we looked at over here of 5895 with the next one being 60.36 the the candle of the 15th of august but you see the way it's basically sideways now i don't have to tell you because you'll know that a lot of the time when you get the sar turning around it's a pretty speedy process to tell you whether or not it's going to be successful or not usually by the third dot especially the fourth dot you're kind of pretty much away from the first dot and in this particular instance it's not really doing that it's kind of stalling so i'm going to say to you for for the type of technique if i'm correct in my memory of what you like to do is that you like to get it and very quickly you know whether you're right or wrong and then you can handle the trade and usually you will get out as soon as you satisfy there's enough percentage or whatever it is points to the upside or downside am i correct yes sir yes sir absolutely yeah i i don't see that here i think it's kind of stuck and if this market starts to pull back which i think it's in the process of just about to do the first a couple of days of september i think that square well at least i should call it block will come down so i don't think this fits my parameters that i would be looking at to use the sar the way you do the way i'm looking at it here it's using it's usurping upside energy without the commensurate rally hope that makes sense so so for you if by the end of the day it goes under 5790 i don't think it's going to be successful unless tomorrow is just a brand new big surge to the upside in the market and i don't think they're going to do that before the long weekend hope that helps you my number is very close minus 5724 if it goes below 5724 again it's going to go down back to 5550 yeah because let me bring that i have one minute more just to give you just a hint that what i'm doing according to what can i do i have the permission or should i hang up go ahead sure go ahead yeah if you draw two lines one is 200 e ma and one is 12 e ma yeah if you if that 12 e ma crosses the 200 e ma at that point where you go long that trend changes on 29th of august august right at where it was 56 dollars and 87 cents where that 12 minute crossed that 200 e ma from that point now this is the third day that is going up now if that rolls down and comes and hits that 200 e ma which is 57 dollars and 24 cents from there on if it was below that 200 day then the short starts so this is something that according to that 212 212 e ma and 12 e ma i just decide which way to go which way to get out so i've got exactly the same thing in the future yeah so garrom i'm using i got the 200 period moving average here e ma and i've got my usual nine and 14 and the nine cross positive on the 10 10 minute chart at 330 on the 28th and the and and the price crossed the 200 period moving on the 29th at 10 to 10 eastern time so yeah i can see exactly what you're looking at but you can see that it's starting to stall a little bit it's not breaking down it's just not going much higher yes yes mine is 15 minutes sir i go with i don't trust the 10 minute 10 minutes always it's a tricky five and 10 forget it but 15 is you buy a little bit you buy high and you sell higher on 15 minute if you go 12 minute and 200 minute it is it was on 29 your yours was on 28 you see yours was lead it lead it that 15 yes mine was a lager yeah so i i i like exactly what you're doing i understand it i think you're correct so let's let's just watch this one you've got everything in place you know what has to happen it really square has to at this point intraday i don't think it's going to do it but what you really would like to see is that the 5850 high is taken out at about 215 this afternoon that's eastern time if that happens there could be a little bit of a surge to the upside that's what you want to see hope that helps you absolutely you know may on a daily chart on a daily chart if the five-day simple move average crosses the 21-day simple which is at the junction of 59 dollars and 52 cents this is today's price tomorrow will change right from that moment that five-day simple crosses 21 from day on the long goes on and on and on and on okay good i like your thinking and good luck with the trade let's see what happens thank you so much for a wonderful to hear from you again garo you too the thank you sir after you have a nice week long weekend thank you too bye bye thank you very much folks we'll be back a basil chap and sitting with Steve wrote our we'll look at tesla neck number back she coincidentally about three or four people have asked me to look at tesla and apple i'll do that as soon as we return 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.com the opening call newsletter is written by basil chapman creator of the trading methodology known as the 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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 nyse american and tsx under the symbol vgz yes it's faster in trading possibility this is not steve roves battle champion i'm sitting in here my show is the tiger technicians hour 8 10 o'clock to 11 but i wanted to do this because i just had so many questions about stocks that i i just thought i'd take the time so i i didn't finish on newmont mining gold miner um 86.37 was the high back in april 2022 and plungers down so i have a technique first of all the with garrow uh we were speaking with a moment ago the parabolic sar uh parabolic sar is a technical indicator developed by j wilds wilds to determine the direction that an asset is moving i wonder if in 20 years time or 30 years time or 40 years time i'll be talking about the some of my chaplain wave techniques that i've used forever anyway we'll see the indicators also referred to as a stop and reverse system sar which is abbreviated as sar it aims to identify potential reversals in the price movement of traded assets so look here's your dots you see the little dot i want i can let me just see on the chart yeah you can see it so right over here at this peak d in the chaplain wave we've got a pullback starting right in the chaplain methodology at a peak d the fourth highest peak that's where other things can happen a buy signal upgraded to buy modes should take you to at least four higher peaks you know devils dev also has my notation the chaplain's notations so this is the fourth highest peak and there it is in the daily there it is in the weekly this went to a d and then an e and then an f at 86.37 in april look at that beautiful symmetry in time going to the high in april of 2022 well new old mining came down and you can see there's the uh as they are i've got it i always have it on this chart just to sit there half the time i don't see it just the same as a half would you ever see this 50 period moving average because i only use it periodically and then look what happened right there this chaff g the very next bar i mean this is a fantastic tool but you really as darrow does you've got to know how to use it because when it doesn't work it can cost you because you're looking for something that actually isn't there look it turned around gapped and then full the gap but look at the pink nine period moving average it hasn't turned positive and it's struggling to turn positive so i think new modern mining is is a clue to me to say not all the stocks in the golden silver area are going to really work in fact this is this is a questionable moment because that dollar is still strong if there is that direct relationship but i'm just looking at the chart the wiki charts are horrible yes you dreaded h pattern this is a pattern that i call uh where it's a straight line down and then it tries to have a balance and at a peak a or b it fails we're seeing that all day today in the look how many dreaded in a lowercase h sharp move down arch formation fails in a peak a or b and then takes out the left side low it did that there it did that there it did that there and he has a bigger one i don't think it's going to i'm not sure if it's going to do that yeah because the 30 38 to 30 38 20 to 37 say 60 should be good support but it's not showing strength so that's why i'm looking at it so that was new modern mining just be careful and i agree with you about the strike and all the other things that are going on but sometimes when things really go catch all catch a light when they're on fire and for you go you can see everything gets dismissed all the negatives are dismissed and tomorrow in my in my tiger traditions hour i'll be doing this a lot of talking about this chart here which is my dark news chapter we've dark news cloud cover using the dow daily chart because that has been under pressure and now we'll see where the look is still pink just about to agree but it hasn't turned green all right so okay so that was now we're going to test them oh wrong chart i indeed thank god yesterday i was going to do my just about do my show but all of a sudden i couldn't get any i evidently the chart was showing but you couldn't hear me and why was that because i don't know if you can see it but in the microphone i'm busy connecting and unconnecting and restarting doing all sorts of things but i pull the plug out from the microphone without realizing so easy i call them with different people technical people elma engineer we're all working on it all i had to do was go put it back in again so tesla now i've got the right chart nice move up from the low look there's the s a r look it went the day after the high of two nine nine between nine you had that smash to the downside look there's the s a r you see those red dots look at the green dots you can barely see them i like to keep them faint because i don't use them all the time but look out confirmed a buy signal to buy mode because the sarcastics now at 87 87 percent the magnate is good not great but good on balance volume is turned positive so it says there's internal sorry there's residual strength in the in the tesla chart the monthly chart did the one-to-one it's done all the Fibonacci's done everything six one eight turned around came down he'll hold the three three three eight two level i always just keep these there until it looks to me like it's getting messy so far this is messy but very easy to see this is the monthly chart and the weekly chart the nine is still positive over the 14 magnate just negative looks like a dolphin it's my dolphin pattern and it's going to make it an m shape pattern by a little bit of a balance that's why i'm saying go one step at a time here because there are certain things like i mentioned in my show we missed an entry today in hack this is the etf prime security cyber security etf look at this this is fabulous action not just the monthly chart but the weekly chart new leg e i'm calling this a bill though i really i should do this because it didn't take out the left oh dead took out the left side low so i have no choice yep this is a brand new leg bean no matter whatever it could fail so it's acting well we missed it and it gapped up and it's up and away so it's just saying to me finally you've got the cyber security stock so you can have a rotation here with some of the others that were lagging we were talking about triple m earlier on look triple m nice move up not great but look hey has disney done the same thing that disney is really struggling but it's trying to form some kind of a base is the dreaded h lowercase h goes to a lowercase m right there so there'll be some stocks in the next phase up that suddenly come alive all right now so that was apple uh that was tesla so tesla's acting well uh key support is that it's a 259 and a half key support is a 249 a close in the next week below 249 starts a potential dreaded h pattern if it's at a peak b if it goes to a c it might it might still have further upside action this is acting independent look neo uh this is electric car company or electric automobile it's just struggling rivn so yeah look at the rivian stuck at the 200 period moving average what was the other one uh i had the other day i wrote it down now i can't find it in the auto electric auto company oh fisker f s k r however that was an interesting chart pattern is it f s k r k r yeah a mistake f s k f s k yeah f s k oh no that's fisker no that's k k k capital yeah isn't this interesting k k r capital corporation nice move in the dating and the weekly charts uh what is fisker an xpov yes x p e v yeah so tesla is still the boss it's the king um i'll be back thousand three there's steve rhodes our i'm doing a brazil chapter and i'll be 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 tomio brian 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 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.com the opening call newsletter is 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newsletter well we're looking at here and i did a webinar just the other day on the also many of these tech is already a technically oriented focus and on the weekends i always do about an hour webinar looking at what's happened what's what what to look forward to and our positions that we have doing a deeper analysis so always think of magnet lines every time you're looking at something think about where does it keep wanting to go to where is the point i call it the magnet line 45 30 was a line that i identified weeks and weeks ago we didn't even we went we plummeted from there and we went down all of a sudden yesterday it became focused and look at the zigzag we've got he has the one minute charge the e-mini look at this where are we now we were just going to get 45 30 now we're 45 45 31 in the e-mini just keep in mind really helps because as i said i wanted to do steve show because i knew that if i was doing some trading here i would i could have been trapped because of the zigzag sideways in a very narrow trading range and i said hey just step aside you had nice move earlier on now you just have to take it easy so now as we're wrapping up the show and that is anet arista networks it's funny how many network things i've been getting in the low price stocks and all that are showing very nice strength this is at an all-time high i believe trading at 194 up seven now if you're a long zip i'm just going to say to you stay long this looks fabulous i would do this because it's at an all-time high stocks they make all-time highs tend to remain then keep coming back to that level as a new time high participant over a period of weeks until they really get smashed because of a horrible earnings report so far this is good check when the earnings are maybe this is the earnings right here in august and the spiked up hasn't come back stay with the trade if you want just for money management purposes take a little bit off here you've got a really nice gain if you're looking to buy it's real tough you could i would look at an option and maybe i'll do that in my show tomorrow make a note in my tiger technicians out at 10 o'clock a net and i'll look at maybe for an option and out of play maybe you can look it off totally even and you don't have to do and let it run buying at a high so with that said have a wonderful rest of the day great programming today of course steve is steve is ours so i'm in the show but you'll have uh larry visaventure and tom brine um hey have a great day i'll see you tomorrow tiger technicians out at 10 o'clock see you later