 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes All now 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 October 7th, the fantastic Friday 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 and the easiest way to do that is 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, it means we can find the gift in every set of circumstances that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past eight o'clock in the morning. That's right. If you listen at the normal time, 11.07, we're going to make this as pertinent as we can for you, but we are recording today's show between eight and nine. If you are listening live, we would love to hear from you. So you can give us a call at 877-927-6648. Now, if you can't call in, well, we've got you covered there too. You can always let those fingers do the walking. Go ahead, send me an email, send it to Steve at tfnn.com. Inside the subject heading, please put radio show question. And of course, inside our Tiger's Den, well, any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger Finance and News Network. I'm Steve Rhodes. Welcome to the show. Right now we've got U.S. Equity Futures a bit mixed up out here and we expect it to stay that way through about 8.30 when the fireworks program begins. We've got the jobs report. It's first Friday of every month and so that may lead to some kind of fireworks right now. You've got the Dow Equity Futures up 52 with the NASDAQ down 42. The S&P is off 2. The Russell's up 3. So a bit of a mixed bag out there. Spot Philatonic, still well above his 50-day exponents moving average. It's trading out at 30-35. That says that any rug pulls, they expect they move to the downside. Over an age of last night, you get the Shanghai still closer. We'll reopen, I believe, on Monday. Nikkei was off 195 points. Hangs hanged down 272. They're still trading above. I'm not trading the charts here, but they're still trading above their oscillator and change lines and they've got bottoming patterns. And so they're suggesting they want to move higher. The Europe this morning is a bit of a mixed bag that he attacks off a point and the FTSE is up 11. Gold's off $3. Silver's up 6 pennies. Palladium's up 15 bucks. Platinum's up 15. Palladium's up 23. Weeds up 9. Trading out $8.88. The 30-year Treasury is flat right now. She's trading out $1.2609. U.S. Dollar Index, I do have a 10-minute delay here. It's off 7. It takes trading out at 1. 12. 10. What's all that mean? You know, one of the things we can do is just go take, look at nine panel market update chart. Good way to get kind of an overview. And we'll go look for some tells in the market. We'll take a look at Tector1's, look at CVE, G-Man on the demo. Let's take a look at the TBT. So we'll do all those things here. But the real fireworks and we'll look for tells. Although I will share with you. I haven't been able to find any just yet. But here, let's just get an overview of the markets in general, what they're telling us. The top panel here, we've got the ES-Minion. That is in the upper left-hand condition. What you will see, what you should see, is that we have on Monday, we had a buy the D-point pattern. That was an A to B equal CD to the downside. That was at the 1 to 1.272 level when the bullish reversal candle formed on October the 3rd. All that that has led to at this stage here is a consolidation with inside that daily profile. A close today above 3807 would be a bullish indication for the ES-Minion and suggest a further rally. With one of those price targets being 38.98 to the upside, that's the bottom of the weekly profile. To the downside, price targets would either be the bottom of its, its bullish structured area of its daily profile between 36.45 and 36.77. If we close below Monday's lows out there, we're headed lower out there. Jeez, thanks, Steve. Oh, you're just so smart to be able to say that. Well, that's really what it would mean. If we look at that spot volatility, still well above its 50-day exponential moving average, exponential moving average is 26.91, price is printed out at 30.35. If we look at the NQ, same thing, formed a nice buy the D-point pattern on Monday. Did that one have generated that bullish reversal candle? Price has just been consolidated with inside its daily profile resistance here, 11.841. A close above that would suggest a run up to the 12.404 level. A close to the downside, support is at 11.241. And then, of course, you've got the low of Monday, if taken out, says we head lower. US Dollar Index closed above the top of its daily profile yesterday. Their profile level is 111.91. And price remains above that this week. It's a real break. Now, real break says it wants to go challenge that Roseman Dominicator top that formed another trading session of September 28. That generates a resistance area of 114.74. Price close above that, US Dollar Index is headed higher. Goldilocks this morning is attempting to form a new daily profile. I say attempting to form because I'm using my advanced Doppler tool out there. So right now, as of 8.11 in the morning, we know where buyers and sellers are taking their position with regard to Goldilocks, which closed above the top of its daily profile and is within its weekly profile area. But the new profile has a potential resistance level at 1738.70. That's where sellers are lined up as we speak right now. The bottom where buyers are lined up is at 1703.80 out there. The center, excuse me, centers at 1715. So it's a slightly bullish structured profile out there. So your real buy zone is in the 1703.17.15 area. But it's a pretty narrow ranged profile. Now, I won't know until Monday, Sunday night if this profile takes hold or not. We do have a new profile that did take hold inside of Silver. Now, Silver has a sell the D point pattern. We can just draw in here the A to B equal CD pattern. So you'll see that. And I say it has a confirmed sell the D point pattern because we got that bearish reversal candle a couple of days ago in the train day of October the 5th. Now, so that would suggest that price should pull back and not until price closes above the high of the 4th. That high is at 2131 will Silver be back in a breakout mode. Otherwise, price should pull back and test its offset or change line. Not shown on this chart here. But really the point, one of the points that I wanted to make is that there is a new profile that has taken hold here. And that profile has formed below price. The top of that box, for example, price is trading at 2071. The top of the daily profile is 1926. The top of the weekly profile, 1957. We're trading above those. So you've got a bullish signal with regard to price trading of resistance. But you do have a bearish pattern until price close above the high. But the new profile that is formed below price is a bullish signal. That doesn't mean that price can't pull back to the 1926 level or perhaps below that. But it's a bullish message overall. But right now, we've got a bit of a signal that says at least neutral. If we look at lights, we crew, there's nothing neutral there. It's in high gear. That high gear, which has taken price over the last three sessions above the top of its daily profile, should go target the top of the weekly. So 9271 is its price target. Natural gas has a by the D point pattern price and consolidating with inside its daily profile, its levels of support are between 672 and resistance at 737. And a 30 year treasury, which we're going to go take a look at in detail for G man in the tiger's den. We get back from this first breakout here. That also has a by the D point pattern may have some other pattern out there out of daily basis. I don't know. And G man, that's just simply led to a consolidation as well with inside its daily profile. 12604 being a key level of support resistance out here. 131 10 for the December 30 year treasury. Steve Rhodes with TFN will be right back. Booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This, the gold's flagship asset is the Monk Todd Gold Project in Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world class gold project in a tail one mining district. This is a large scale low cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. This, the gold just completed the Mount Todd feasibility study, which resulted in a 7 million ounce gold reserve in a 16 year mine life. All of this combined with the approvals of all major operational as well as environmental permits. 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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 in 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. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Good back folks, 818 in the morning. U.S. equity futures are mixed at this time. We've got about 12 minutes here before the jobs numbers, before the real fireworks begin. So in the meantime, let's go take a look at some requests that have come in out here. The first one from G-Man Inside the Tigers. I want to take a look at the TBT, which are the charts that we have up on our screen out here. This is, I believe, the two or three-time short, the Treasury bond out here. And we're really going to go to the Treasury bond to really get its signals out here. But with regard to the TBT, the one thing we do notice is there could be a TD9 count top that forms between October and December. You already have bar number eight as a high. And if bar number nine completes with a close above bar number five this month, you'll have a TD9 count topping signal that will be present out here. I know topping signal on the weekly, nothing on the daily as we speak right now. But let's go switch over, take a look at the 30-year Treasury. And here we'll take a look at the daily as the longest time frame that we're looking at all the way down to a 10-minute time frame chart. But it's a daily chart out here, the left-hand panel, that shows that nice TD9 count bottom, as well as a buy the D-point pattern. So what the market is communicating to you is that it wants to try to form some type of short-term bottom. But at this stage here, price just consolidated with inside that daily profile. So you've got a bottom signal on the daily time frame, a bit of a consolidation, it's a very structured profile. So not unusual for price-defined resistance at the center of that. If we look at a five-hour time frame chart, there's no real signal as we speak right now. If I look at a 240-minute chart, no signal that I see out here, top bottom otherwise, the same thing for the two-hour chart. On the 60-minute time frame chart, you do have a rogment-dominicator bottom pattern that is in place out here. And that says that a close below the bottom of that candle from 11 o'clock on yesterday morning, 125 and change out there would suggest lower price. I see a few of those rogment-dominicator signals for the very short-term time frame chart, but nothing has broken through resistance, not even on a 10-minute basis, which found resistance at its TD-9 count breakdown area. So gee, man, if you're asking what's a 30-year treasury charts telling us right now as far as this direction, it's much like the market. We've got a bottom that formed on Monday. In this case here, it's not Monday that formed the bottom, but you do have a valid bottom, two valid bottom patterns out here. The price is consolidated with inside that daily profile. We just have to watch to see how price really reacts to the jobs data out there. Remember, that first reaction may just be a knee-jerk reaction. Hector wants to take, so I do hope that helps you out. It's the best that I can do at the moment out here, but we'll have some more information, I'm sure, within the next half hour. Hector writes, and he wants to take a look at CVE. So let's get that punched up on our screen out here. CVE is what? CVE, and let me actually read the question. That would be helpful. That is Sinovus Energy. The question goes like, the CVE last week of September backed into a swing point, okay, with almost 50% less volume, you loaded your wagons on a weekly. Can you please work some oscillator and change line support and resistance? Great. So let's take a look at the weekly type frame specifically. The weekly type frame, you are asking for the oscillator and change line. That is in 1883 as we speak right now. Price closed below that yesterday, or it remains below that as of yesterday. You wanted to know the other support and resistance here as well. You've got a TD9 count breakout support, level Hector and Patty at 1553, which has been tested and is basically, I mean, it failed last week, but you're back above it this week. So no other pattern or signal. You've got the market profile areas on a weekly basis, 1617 in support, 2103 is resistance. On a daily time frame out here, yesterday was bar number six of a TD9 count. I don't see any other pattern. You're above the top of the profile. You're above the oscillator and change line. The next area of resistance on a daily basis is around 1933 out here, but it does look like Price wants to get back to its recent high sector. That's the highs from August 25th and that's in about the 1999 area out there. On a monthly basis, you've got Price consolidating with inside its profile above a green oscillator and change line. That is suggesting that Price wants to hit the 2065. So you ask the right question, which is on a weekly basis. Where's the battle? That battle is 1883. And you can see that green oscillator and change line has been tagged three different times over the course of the last month and a half or so. So he closed above that today. 1883 would be a positive outcome and suggest to move to 2103. Rachel writes in and Rachel wants to take a look at CKLAC out here. So let's get to that. Rachel's question goes like this. Good morning, Steve. Happy Friday. Happy Friday back to you. Would love your take on KLAK looking for an entry point. Also, there's time this morning, Pan American Silver. So we probably can't get to Pan American Silver before the break out there and then before the fireworks. But let's take a look at KLAK. You're looking for, excuse me, an entry point out here. And the entry point, as we take a look at this, it's got a nice TD-9 count bottom. So that was really your entry point out here. And that was really by the trading session of September 26 when that pattern came to completion out here. Now what you've got is Price consolidating with inside its daily profile. It's a bullet-structured profile. So Rachel, the zone for an entry into KLAK out here is going to be at the 323 to 327 level. You closed that, well, the actual center of the profile is 327.37. You closed it 327.49. So really, you're right inside that buy zone out there. Now, not that Price can't move back below the bottom of that profile. And if it does, then the next entry area would be that outside and change line at about the 316.10 area. That's what the daily time frame shows us. But look at a quick 30-minute chart for you. See what kind of pattern is out here. And let me just see where is this trading in the pre-market out here. So we've got KLAC, since it's in the so-called buy zone. So traded out at 324.01. So 324.01, perfect. So let me go back to that just real quickly to the daily time frame chart. I can't remember. So 324. So 323.77 at the bottom of the profile out there. So in the pre-market, well, as this came to a close yesterday, this had a TD9 count and Roadsman to Mindicator top out here. In fact, it's really the Roadsman to Mindicator top that is the, yeah, they're both actually in play. And this says about 321.66. That's its breakout area. So this is pulling back to the 324. Your entry zone in the KLAC is between 321.66 and really where it's trading right now inside the pre-market. Price closed below 321.66. And that says something else is going on with this trade out there. And certainly, if price closed below 323.77 today, the bottom of that bullet structure profile, that too would signal maybe there's something else going on inside of KLAC. So Rachel, I hope that helps you all. You asked about Pan American Silver. We've got about a less than a minute here before the break. Let's see if these charts here will fire up and see what they're suggesting to us. And Brent had written in. He was looking for some kind of tells anywhere inside the market. Brent, I appreciate the email. Absolutely. And I just was unable to find anything this morning with regard to Pan American Silver. A PAS right now in the pre-market is trading out at 1728. Closed at 1725. It's above profiles. A two-formity new profile yesterday below price, much like Silver. When we took a look at the Silver contract, this is a bullish message. Pan American Silver should be making a run for the 1941 level out there. Rachel, that's its TD9 Count breakdown area. The next resistance battle for it is going to be the center of its weekly profile at 1796. So a close above that would be suggesting higher price. Steve Roge with TF&N. We're going to go to a breakout here in about three minutes or so. We're going to have the jobs numbers. We'll watch those live, try to figure it and answer any of the questions that you've got. Steve Roge with TF&N. Be right back. 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Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Hey folks, so we got about 14 seconds before the jobs numbers get released out here, and we'll certainly do the play-by-play for you. I did catch acoustic alchemy last night. They're traveling. They're just simply a great jazz-rock type band out there, so I certainly recommend it. So right now the jobs numbers are out. I don't know what they are, but we can see how the markets are reacting out here. You've got US equity futures have dipped lower, so that suggests that they're going to go target the lows from Monday out there. Now, whether they're going to reject those or not, that I don't know. Gold's also taken a little bit of a dive. It's off about $10, so first reactions is really what we're looking at here. You've got the silver off down 14 cents right now, so that's the biggest reaction that we have seen, the 30-year treasury, also down about one full point right now, just 21 ticks out there trading out $125.20. So get a system here. My system, I got a bunch of charts and tools and things that are open, so there's a lot of data obviously being churned and burned through here. So what we'll do just to kind of get maybe a better overall while we're in this time period here where the market's trying to figure out what to do. Let's just take a look at that nine-panel chart out there, just give us a better feel for how instruments are being impacted, if at all. So you can take a look at the lights we crew down below on the bottom left-hand corner out there. No real impact here by the jobs numbers. They remain above the top of their daily profile there, so they should continue to head up towards that 92.71 level. A natural gas, no reaction as we speak just yet out here. It's got a valid bottom pattern, as long as it holds the bottom of that profile at 672, it too should rally. We can see that gold and silver pulling back just a bit out here, but nothing of significance. When we take a look at the ES mini, it still has, let me see, so the high of Monday, the high of Monday, 37.1175, the low so far 37.10 and a quarter. So that has been tagged and so far rejected. The high inside the NQ, the high of the NQ, 11.358, the low so far 11.335 and we're back above 11.358. So two of them, we can, well, let's do this here. Let's go take a look at the Dow and the Russell 2000. So the Dow, YM out here, it's high on Monday was 29.702, the low so far this morning, 29.712. So the Dow is not actually tested at least the high of that swing point and the Russell 2000, its swing point is actually September 28. And that high out there is 17.31, price is not pulled back to that area. So we know that the Monday's highs, at least they're being tested with regard to the ES and the NQ, let's take a look at real quick, switch over to this intraday chart. So we can see the big volume spike out here inside the NQ. This is a 10 minute timeframe chart. So as we pull this back, we can see that the lows out here, this should be the low from Monday out there that you could, no, that's not right. October the 5th, was that Monday? No, that's definitely not right. So yeah, I've got a little bit of a brain freeze here, so to speak, not my brain, the computer's brain, which has frozen just a tad. So I can't really go to that chart and make things out. So the unfrozen portion actually is over on my white background chart. So, you know, sorry about that, folks, just trying to navigate what these markets are communicating to us, see if there's any kind of signals out here. So let's switch. So we are on the white background screens. Okay, you are never on the black background screen. So with regard to the NQ, out here, price pulling back on a daily base. So we know it's tested and so far reject the top of that profile or the top of the swing point from Monday, October the 3rd out there. And price also testing, its oscillator and change line. Five-hour timeframe chart out here, price is below its profile. That could be signaling a move back to the 11.039 area, the 240. If it does close below the bottom of its profile, 10.998 would be a downward bottom signal. How will we know if we get there? I would say we'd have a pretty good indication for the two-hour timeframe chart. The two-hour timeframe chart pulled back at about 12 noon on October the 5th out there. October the 5th was, what, Tuesday? What's today this? When was October the 5th? Two days ago. That was on Wednesday. And that level formed a dice-titty nine-count bottom. That's being tested right now. It is held. And as I say, as long as price remains above 11, 385, 50, then we may just be in this little consolidation. Remember yesterday, we looked at a 30-minute timeframe chart. We said what's really the pattern that stuck out the most was a sideways consolidation with 11, 425, 75 being the support area. We can see that that is being tested out here. And in this case here, the TD nine-count top, which we don't really have a pattern. What actually do? I don't know why it doesn't have a line up there. That's really strange on Stevie's system. What the heck? Well, we got to fix that. We could do that. What does Stevie do here? What is that? Huh. Okay. Well, I'll have to come back and try to figure that one out. But in any event, right now we can see support being tested. That's the 11, 425 level for the NQ, for its 30-minute timeframe, as well as really testing the two-hour timeframe chart. Well, what else is this thing doing? So 10 minutes about the smallest timeframe that we're going to, that we are taking a look at. We can go down to something smaller on my other charts. But right now, what we can say is that what the job numbers have done, if they've set price back to swing points that have identified bottom so far, they have been tested and rejected out there. The same thing really going on with Goldilocks. I see it's now off of the spike low. So let's go put up the December contract. Take a look at the intraday time periods. Now, this will take just a moment to go ahead and populate, especially because I've got so much data right now that's trending through the system. So we'll let this get going here. Again, acoustic alchemy. I saw them yesterday, last night, the Boca black box. It truly is a black box. But if you love music, you will love these. If you love guitars as well, you'll love these guys. Just a great band, the keyboard player. He's pretty amazing as well. So now we've got the gold charts here populating. The reason we're a resistance lover for Goldilocks is it's TD9 count breakdown level. That's at 1742.90. So it's got a nice TD9 count bottom, a Roadsman to indicator bottom, prices above the top of its profile. But remember, I did share with you that there is a new profile that is attempting to form for gold. Now, it's actually shifted since we spoke about that about 20 minutes ago. Let me just change windows and I'll show you that. So again, I told you, we're using Stevie's advanced Doppler tool to help us identify new profiles that are attempting to form out here. Gold's profile, we may have jotted those figures down on a pad of paper. Those are no longer in play out here. This new profile, much like Silver, this is forming below price. Again, that overall is a bullish message. It does not mean when I say that, that price cannot pull back. But having a profile below price is a bullish message. Like when I knew profile forms above price tells us about overhead supply, that in essence would be a bearish message out here. US dollar index, again, a 10 minute delay that I've got on here, but still remains above the top of its daily profile out there. Let's go back to the gold chart. So I wanted to certainly share with you the change in profile status for the gold contract. And that may shift again out there again. I'm just using my advanced tool. It's turning all the data and is regenerating information as it needs to. So back to gold out here as we take a look at intraday charts, 10 minute chart to see if there's anything out here of significance. The only thing of significance right now I take a look at 10 minute chart is lower lows and lower highs out there. So that's not exactly the bullish signal that you want to see. On a 30 minute basis, what's going on with regard to Goldilocks. My price testing that seventh wave move out here that did formed at about 10 30 in the morning on October the 5th. That was on Wednesday. Not much else that I've got, just really just this little sideways consolidation pattern out here with gold resistance from a 30 minute basis, certainly 17 3380 out there. Let me just take a quick peek, see if there is any other requests out, see if there's any request out here by email. The answer is no. I see McGuppy inside the tiger's den. Can you please look at the QQQ on a monthly and weekly for their TD9 helps? Absolutely. We'll do that as soon as we get back to the spring. Steve Roach with TMN. 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. 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We got the job numbers that were released a little bit. They were up 263,000 jobs were added into the September payrolls. Of course, we can leave that number out there. But the market response so far is we've got equity futures trading lower. Dow equity futures off about a little over a half a percent or 170 points, one and a half percent for the NASDAQ. That's down 160. The S&P is off 34 points, trading out at 37.23. Spot follow totting index interesting enough is trading a bit lower, not higher. It's off by 24 cents, trading out at 30.28. Gold out here off about eight bucks, silver down 17 cents. So nothing really broken just yet. Let's provide the information from one of our dinners. I was looking for profile levels and TD9 counts for the QQQ, for both the weekly and the monthly timeframe. So on a weekly timeframe, that's a center chart out here. Bottom of the profile is a 282.52. Resistance as well at the oscillator and change on a 285.14. Center 294.05 and the top of that profile for the weekly basis, 334.02. This week, if this week it looks like we should get bar number seven, but what the QQs are really doing this week that's more important to you, McGuppy, is that if we do get a bullish reversal candle, and at present we've got a bull sash candle out here, that just simply requires a close above last week's open. Last week's open was 275.03. You would get a confirmed Roadsman to Mindicator bottom pattern inside the Qs out there. So it has to deal with resistance levels, but that would be the bottom signal. I wouldn't be so as worried about the TD9 count because you would have a bottom pattern on a monthly basis. This month will complete bar number nine. So long as price closes below 288.28 at the end of the month, the last trading day of the month out there. So right now that doesn't look like that's going to happen. This count here could actually go away. But if it does happen, and we do see a further move lower, what this would suggest, the monthly chart for the Qs that you should see, you should see a monthly bottom that formed between last month and next month. That's right, November. So that's the possibility, but first bar number nine has to complete and in order for that to complete, it's got to close below the close of bar number five out there, and it's too early obviously in the month to be able to figure that out. So that's the information that you were looking for. I hope that that helps you out. One of our other dinners writes in, and this is Snap inside the S&P, wants to take a look at S&AP. So how do you like that? Gotta love that. Can we look at S&AP every great weekend? You do the same out here. So let's go ahead and get those charts populated. I can see that equity futures falling a bit more. Dow down 216, or about seven tenths of a percent right now, one and a half percent still for the Nasdaq off 172. As we take a look at S&AP out here, S&AP is just consolidating with inside its daily profile. That's between the range of 1074 and 1154. If you can get it close above 1154, price should make its way up to the 1225, 1226 level. That's the TD-9Cal breakdown area. What else do we see here? You know, it completed a buy the D point pattern with that nice big bullish hammer candle that formed on October 3rd. Then it gapped up on the very next day. So that was a double confirmation. You've got a roadsman to indicator bottom for snap on the weekly timeframe. You have a TD-9Cal bottom on the monthly timeframe. So S&P, very nice finding here because this does have these bottom signals. So 1225 is going to be a key area for you to see S&AP get above, assuming that you are long this position. So I hope that information helps you out. Thanks so much for the request out there. Nothing else by email at this stage. So let's go back and take a look at how some instruments here are trading. You've got gold up here right now. So gold now taking a further move lower off about 14 bucks. So where is it that gold would target at this stage here? You've got a new profile that's attempting to form. The old profile still kind of remains because we don't know. So 1695 is going to be a downside target for Goldilocks. That's the top of its daily profile. Below that, we'd be looking at a move into the 1680 area out here and 1680, 70 specifically right now is the current oscillator and change line. Price right now, the 240 is trading below the bottom of its bullet structure profile. This candle here, a two-hour chart, this candle will not complete until 10 a.m. but certainly price is trading below and it's now 1147 in the morning below 170690. That profile will have failed. That could set up a move down to 1667 out there. The only way you get down there is price closed below 1699. So 1699 is an area to wash 1699, 60 specifically. So we are seeing a bit of a sell-off in gold. It looks like it will continue to head lower and I'd say 1695 is that next move to the downside. That's for Goldilocks. Let's go take a look at it. Silver was the one. Let's go take a look at the Silver contract out here. That's the one that formed that sell the D-point pattern a couple of days ago. So let's go see where Silver is headed to or potentially headed to. It's off about 1.5% right now trading out at $20.36. So you got that sell the D-point pattern, that little bearish and golfing candle. Price should pull back to its oscillator and change line. So it's downside target is somewhere in the 1979 area out there. The other charts, the other inter-day charts, they're still populating out here, but we do have the call on the daily. That right now I would say is likely the overriding chart for us to be paying attention to. Five-hour chart with price below the bottom of its profile as well as on the 240, breaking a TD-9 count breakout area right now on the two-hour timeframe chart. So all this is suggesting that you should see a pullback in Silver. Now that pullback in Silver could, I say could, be setting up the next buy into the mining equities. So what I'll do here is I'll put up the chart. If you give me a moment here, we'll go to Gold, Silver and the GDX. Just the right chart. I believe that it is. So this should set up both the daily and the weekly timeframes for a Gold, Silver and the GDX. So in one breath I am suggesting, I'm saying to you, watch for a continued pullback in both Gold and Silver back to their support levels. And those could be generating a signal that that would be the next buy entry into the mining sector. The mining sector on a daily timeframe has a nice rogment of indicator bottom and price above the top of its profile. Now, I'm not sure in the pre-market if the GDX is still trading above that level. Let's check on that. The GDX in the pre-market is trading out right now. Last trade fired off at 2508. So yes, still above the top of that profile. But I'm not saying that that is really the entry area. It could be, but I'm not suggesting that because we still have that pullback going on in Silver and Gold. That should take the GDX a bit lower. The GDX could be targeting its oscillator and change line as well, which is right now closed on yesterday at 23.97. The concern with regard to Gold is as to whether it's ready for prime time or not really comes from the weekly timeframe chart. That's your bottom left chart. And what we can see here is the rally so far found resistance at its oscillator and change line. Price is not closed below the oscillator and change line or above the oscillator and change line has not been above it since April 22nd of this year, the week of April 22nd of this year. And you've got a nice buy the D point pattern because the last week's bullish piercing candle. But the real question is can price take out that red oscillator and change line? If it cannot, that's a slightly short term or it's a weekly chart, intermediate term bearer sign for Gold. And then of course that would say, well, maybe getting into the GDX isn't the right thing to do. So what do we do here, Stevo? GDX has got a nice weekly and nice weekly and daily bottoming pattern. I say what we do is we wait for a Gold and Silver to pull back and Tesla's asset or change lines, then look at the short term timeframe charts for a signal. And if the bottom signal, if we've got it, then you fire away to the upside. Steve Rhodes with TFNN. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move Gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of Gold, Silver, Bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great Gold trade. Sign up today. 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 TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento 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. 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So thank you for listening into the normal timeframe right now at 8.54 in the morning. After the jobs report data out there, you've got U.S. equity futures that have taken a turn to the downside. Dow futures are down about 320. NASDAQ's off 219. That's 1% and nearly 2%. S&P's off 1.4 tenths or 51 points. E-mini is up 22 points out here. Quick peek at the market breadth. Let's go take a look at what the market breadth signals are generating for us right now. Here what we'll see is the NASDAQ 100. And so again, it's an interesting market out here. The 60-minute is definitely has a bearish crossover, meaning you have 20 instruments trained above the top, 54 below the bottom. But when we take a look at the 240-minute timeframe chart out here, that's still slightly bullish. 32 across the top, above the top, 23 below the bottom. On a daily timeframe, this is what's really most important out here right now for the day, 27 above the top and 15 below the bottom. If this profile setup continues out here, this really just talks about a choppy market. Not a market that's going to bust out the lows of Monday. If this changes and we get a negative or bearish market breadth across the board, then we'd have a different signal. But at 8.55 in the morning, that is not the signal. The signal is to expect an anticipate chop. If we look at the daily timeframe or if we look at the S&P 500, we have the same setup out here. 60-minute is in the bearish condition. Daily and 240 are in the bullish condition. From a daily standpoint, you have twice as many instruments trading above the top of the daily profile than below the bottom of their profile. 201 versus 108, close to twice as many instruments out there. This too from a market breast standpoint says that the market breadth can handle the push lower. That push lower, as we take a look at our nine panel market update chart, you can see the ES mini testing the swing point high right now from Monday. That's at 37, 11, 75. We're just slightly below that. The NQ, it's 11, 358 and a quarter. If you take a look at that US dollar index, you get a 10-minute delay here, but it is above the top of its daily profile. And again, it closed today above 111.91. It's going to suggest a move up to resistance. That's at 114.75. Gold is testing support on the way back. That was the center of its monthly profile out there. Let's recruit again, looks like it wants to go target 9271. And a natural gas should, if it can close above 685, it should be on its way to 737. Folks, thanks much for joining me early. Have a fantastic weekend. I'll see you on Monday. Take care. 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. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn Educating Investors. That went ahead and turned some of the rally to the downside. You got Dow Equity Futures up 236, Nasdaq off 190, S&Ps off 41, the Russell's down 17, Gold's off 14 bucks, Silver down 22 cents, and a 30-year treasury should trade out at 125-14. That's off 27 ticks. So what are the markets communicating to us? Well, let's go take a look at the Daily Equity Future contracts out here. Each of them now have, and we'll take a look at the ES, the NQ, the YM, and the Russell 2000. Each of them so far have tested and are appear to be rejecting their swing points out there. Now I don't have the volume on this to know whether this is going to be a light volume test, whether price is going to close below or above the top of those swing points, but let's take a look at what it's done so far. Let's start with the ES Minning. The swing point here, that's from Monday, October the 3rd out there. That completed a buy the D-point pattern. The high of that is 37.11. We're trading right now at 37.16. Price got down to a low of 37.00, even Stephen. This could be a test rejection. Now, don't kid yourself, there's resistance right at the top of that Daily Profile out there. The top of that Daily Profile is at 38.07. The NQ also testing 11.358.25, we're at 11.350 right now, so it's just slightly below that, but it's also testing the top of that swing point. If the ES and the NQ kind of close below these levels and start really moving below these levels out there, we may see Monday's swing point low get tested, but right now it's the tops that are being tested and slightly rejected out there. The Dow, the same thing. That number to be watching is 29.702. Now the Dow's got resistance at its first level because it's a bare structured profile is at 35.45. If price can overcome that, then we should see price move up to 31.256. The Russell 2000, its swing point is not for Monday. The swing point is actually September 28th, the high which is 17.3180. The actual low that we saw, the spike low is 17.3160 by 20 cents. So we have all four equity future contracts that are testing and so far rejecting the highs from their swing point, which is Monday for the ES, the NQ and the Dow, but it's September 28th for the Russell 2000. Folks, stay tuned. Tommy O'Brien is up next with the morning market kickoff. Have a fantastic weekend. I'll see you on Monday, 11 o'clock sharp. Take care.