 under trading newsletters. 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 727-445-1044. The Trader's Edge. Now, Steve Rhodes. Food from TFNN. Welcome to the April 26th, 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. How about we have an extraordinary one and let's have an extraordinary weekend. And, of course, 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. And, of course, life is going to toss those at us. But today, right now, right here and now, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and 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 importantly, I'm here to serve you. So feel free to pick up that phone, dial on in at 877-927-6648. If you can't dial in, we've got you covered. You can let those fingers do the walking. You can send me an email, steve at tfnn.com, inside the subject heading, if you'd be kind enough to put radio show question. Of course, at our Tiger's Den, we take any and all pings out there. So let's go ahead and get this show started on Fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Let's Show. Right now, pretty flat market. The Dow's up nine. The S&P is up two. The Nasdaq 100 is up four tenths of a percent. That's 32 points to the downside. The Russell is up 11 points. That's seven tenths of a percent to the downside. The semis are off one and six tenths percent. That's 25 bucks. So we've got mixed markets out here. Spot volatility is down 40 cents. Trade out at 12.85. Gold's up $10 in change. That's eight tenths of a percent. While silver is up nearly one full percentage point. That's 14 pennies. Light sweet crude is off $2.51. If you are long light sweet crude, do not sell it. What do you mean? Stevo, that is a 4% move to the downside. You're right. But downside to where? So if we take a look at light sweet crude, you can see the one big move here that is taking place and what you have, what you have, the wind at your back may be the bottom of its weekly profile. And that number is 6208. The low so far today is 6228. So price has pulled back to support. We don't know if support will fail. What we do know at 109 in the afternoon is support has held. So if you have taken a bit of a hit, that's okay. Don't sell it. Adjust your stop. You don't want to see a close below 6228. If there's a close below 6228 today, well then that's a different story. Then a trend you can say will have broken both the daily and the weekly from a profile perspective. But from that perspective, all that we've seen so far is a pullback in light sweet crude that is testing support. Lean the charts the upside. You've got Helen of Troy. That's up 23 buck runes or 20%. Amazon up 21 bucks. Lending trees up 5% or nearly 20 bucks as well. Allying technology about 6% or 16 bucks. To the downside it's into it. INTU is the ticker symbol. 6% or $15 in change. Tesla is down 13 bucks. Sounds like Tesla has broken through that level of support that Ron and I were looking at yesterday. Let's just take a quick peek out here T S L A. And so Ron was looking at so Ron that the I don't know if it was yesterday. It looks like it held but today it is broken through that consolidation out there and assuming this is a not a false breakout here. So this is really interesting, right? So when you have a consolidation pattern, let me let me grab the actual size of the consolidation. It's going to make it easier. I'm just going to copy this box. So we copy and paste it, move one of them. There we go. So the measured move inside of Tesla. This is not the first place I would be looking at for price to stop. But if this is a real break of the consolidation, remember it's a weekly chart and it's been consolidating since February of 2016. So over a year, the bottom, the measure move, the consolidation gets down to 113. That's almost a, it's almost another, it is a, that is another 50% haircut from where it's trading right now. The first target on Tesla would have been the February 27, 2017 swing point low, a 242, you're below that. So that really opens up the door to the 178-ish area. So it looks to me like that is where Tesla is headed as we take a look at its weekly break of this consolidation pattern out there. Also, moving to the downside, you've got regenerant pharmaceuticals off 10 bucks or nearly 3% in the Lumina, down 3% or around nine. So it was a question that came in earlier and it was with regard to the GDX. And the question went like this. The question said, Steve, gold is now trading above a resistance level that I had shared with everyone yesterday and that was the top of the profile out here. And remember, in the case of gold, we had that nice little bull sash candle that took place on April 24th, and it took place back inside its box, the bottom of which was 1277. And today right now, at least as of 1.12 in the afternoon, price is trading above the top of the profile. That's 128550. So for all intents and purposes out here, it looks like gold has made a bottom. The next key level of resistance for it, however, is going to be the 129510 area. That is the weekly, the weekly bottom of its profile. And old support could be new resistance. But right now, the move in gold looks pretty good. It was nearly an A to B equal CD to downside. And what I'm referring to there is I'm referring to the swing point high out here on February 20th, the low on March 7th and again the retracement are high on March 25th. The exact number of in 1262 did hit that, but got close. So at this stage here, it looks like a bottom in gold. Looks like one, smells like one. And if it gets about 129510, it brings 1315 back into play out there. But the question was, okay, since gold is above that, then what do you think of the GDX? What do you do here? So in the case of the GDX, the GDX thus far, we can say made a TD setup nine count bottom. And right now, and so the question is, and it's trading above, so it's in a bullish structured profile. The top of that box is 2219. You can see the bottom 2084, the center 2101, it's trading above that, it's inside the box if, now here's the, this is the big if out here, gold and the GDX do not have the same pattern. If you take a look at Stevie's Green Line, which turned to red, quite a few trading sessions ago, specifically on the trading day of April the 18th out there, when that changes colors, what it tells us is that we should see price and Stevie's red line catch up to each other. Well, the high today so far inside the GDX has been 2143, seven pennies below Stevie's red line. So here's my suggestion. If you're not in, don't get in right now. Wait for this last test in the GDX. Wait for price to close above Stevie's red line. That number is 2150. If this is bullish, it should have no problem doing so. Hitting and rejecting that, then we have to go back to the laboratory to figure out what's going on. Steve Rhodes with TFNN, we'll be right back. 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TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching this or watching this, and you'll find the Taz Profile Scanner under the Services section. Sign up now for only $97 a month with a risk-free 30-day free Taz Profile Scanner. Sign up now for only $97 a month with a risk-free 30-day free Taz Profile Scanner. A much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Welcome back, folks. Phil wrote in, and he's having trouble seeing the right-hand side of my screen. Phil, the production room was checking into it, but our guys and gals in the den say they can see the charts okay, so not sure what is going on there, but we'll see if there's anything else that might be on our end on the Tiger TV side of Biz. Let's continue taking a look at the markets out here. So, kind of interesting, and what I want to do with this next few minutes out here is take a look at each of the indices on a daily basis, a daily timeframe chart. So, we start with the composite because there are many that are displaying topping signals. Now, one that is not as a NASDAQ composite. I have it in wave number six out here. That's not really a topping signal, not the kind that it can't be, but it's not the one that I would be looking for. It has, there's no setup nine count. There's just A to B equals CD pattern. There's no bearish reversal signal. Price of low TVs, green line, that just means, okay, could be a retracement, but no top inside the NASDAQ composite. Okay, so if we take a look at the eight or nine of the indices, we got one that says, okay, bullish. If we take a look at the semiconductor, that's not the case. It's given us that topping pattern. That was the setup nine count. It topped on two days ago on count number eight. Oftentimes, it's either eight, nine, or the following day out there. This also happens to be singing in the key of G. That is the seventh wave of the Chapman wave out there. And so that's letter G, and then we had a nice bearish reversal candle. Yesterday, the old bear sash candle. Slight close, below Stevie's green line. Today, a gap to the downside. A second bearish candle out here. This suggests that the semis, whether they've topped or this is just a pullback to support, that we don't know, but probably support is where the semis are headed to. And the first level of support is going to be the April 15th low. And that's 1477, 45. The second level of support would be all the way back to the March 29th area. And that's at 1386. So now we've got a indices on a daily timeframe chart that's got a topping signal. If we take a look at the transports, the transports have created a setup nine count and wave number seven. They also created a bear sash candle yesterday. Price below Stevie's green line. This suggests a pullback to at least 10601. That is level one of support. Level two that we would use would be 10195. So now we've got two out of three that has given us a topping signal. Let's take a look at the Wilshire 5000. What do we have in the Wilshire? We've got wave number seven. That's letter number G. That's a letter number G is coming off of the trading session that account from March 26th out here. Now, what it doesn't have is some type of bearish reversal candle. So it makes it somewhat questionable. And price is trading with inside the body of the candle from April 24th. And that's going to be day number three. After day number three, if there is a close above and I'll use the conservative, that's going to be the high of April 24th. That's at 3323. That becomes a rising three Japanese bullish candle out there. And so it's got a topping pattern, but it just hasn't given us any kind of real confirmation just yet. So this one is kind of in the neutral category out here. If we take a look at the New York Stock Exchange, wave number seven, from two different swing points out there, that doesn't make it more powerful. It just makes it more interesting. And this did generate that bearish reversal signal out here. So a topping signal inside the New York Stock Exchange. Now, it's pullback area could take price down to 1255583. That would be the first level of support. The NDX100, unlike the NASDAQ composite, did form a TD setup nine count yesterday. It happened atop on the bar after bar nine. Right now it's labeled number one. Price is trading below Stevie's green line, but here again, no bearish reversal signal. But if price does continue to pull back, we'll call it a retracement, 7578 would become its first level of support. But what this is not showing us is that the NDX is ready to run to the upside out here. The Russell 2000, it's just trading in a consolidation pattern, even though I don't have that drawn in here on the cash in to see we do in the futures market. So that in itself is a topping-ish type signal out there. If we take a look at the Dow Jones, what we're going to see is that this has formed a rose momentum indicator top. It did that yesterday when price gap to the downside. Gaps are our friends. This is how markets communicate with us out here. So inside the Dow Jones, it has a topping signal now. It would take us all the way back if in fact this is going to play out all the way back to the February 12th low becomes support number one. And that is at 25152. But the bonus here inside the transports, as in the case of the NQ and the ES and the Russell, is that we have profiles that we can use out there. We'll get to those. Let me just finish this off for you by taking a look at the S&P 500. Now in the case of the S&P 500, no topping pattern here, none whatsoever. So we've got a few of the indices that are not participating just yet with regard to topping signals. So we have many that are. We have many that are, I repeat. So kind of interesting out here. So what does all that mean? Well, let's go take a look at the daily equity futures contracts. What you're going to see here, even though it may be hard to see, so some of you will just have to trust me out here, is that we have new profiles inside the daily on the ES, the NQ and the Dow out here. Now the one that is most important, to do it this way and make it a little bit easier for you to see is the Dow, or I believe it's the Dow. Now one of the beauties here, just like you and I looked at with regard to LightSuite Crew, now in this case here, we're just looking at the daily profiles. In the case of the daily profiles, what you will notice is any retracement that we have had along the way off of the December 26th low have pulled back and found support at the bottom of those profiles. That is where support is. That is where buyers are. Until we see those buyers overrun, we have to assume, well, you don't have to assume anything. I'm going to assume, because I know this to be the case, that that is where they are present, just as in yesterday's case, because Price Tested was trading below the bottom of that profile, but it's a daily timeframe chart, and therefore you and I want to understand what does the end of the day look like. We could give a rat's patuity what it looks like at 125, although we do care, we don't really care if you know what I mean until we get today's end, because if at the end of the day, support is held, well, then support is held. And if we take a look at today, we've seen a test of that level, 26372, we are trading above that right now, so Price could easily bounce to the 26613 area. The reason why I want to focus on the Dow is because if I go back here, the ESMini is above the top of its new daily profile. The NQ is above the top of its new daily profile. There is nothing bearish about that. And so those of you that are grisly bears out there, and you think the NQ is the one that could pull us down, yes, the NDX100 has given us a topping pattern, no bearish reversal signal out there. That is different than the NQ. I think somebody was writing, Peter from Park City was saying, hey, yeah, the NQ is a very different candle. So we get back from this break. Let's go see what Peter knows. I'll share that with you. If that's okay with Peter, we'll be right back. 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 trait 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. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to 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 the Think or Swim banner on the front page of TFNN.com. Welcome back. That was up 17 S&P, about four, but we're going to go hone in on the NQ out here. And we'll take a look at the daily chart for the NQ. What we can see is this, too, has formed several real tops out there. You've got an A to B-equal CD. You can clearly see that drawn. It's a one-to-one price projection with $78.55. It hit that. You also had the setup nine count that occurred. Yesterday, it looks like that may have been the high, so that's a topping signal out here. And so those are two of the patterns that it has completed. Then what we had yesterday, Peter, was actually a bearish reversal candle. When you and I were looking at it during the day, we were wondering, hey, this is a key reversal session as long as it closes in the red. Well, by the time the session closed, it was a bearish reversal candle as well. Now, so far today, what Price has done is it's moved up and it's tested Stevie's Green Line at the 78-24 level, and it's rejected that area. But it's also traded above the top of its profile, which is 77-67. So what we are, we're kind of like in a, this is like a tug of war right now. So the NQ, the sellers have gotten the ball. They took the ball yesterday with regard to the topping patterns, the bearish reversal signal, trading below Stevie's Green Line. But the defense, in this case here, the buyers, they're showing some big guns out there because Price is trading above the top of that profile. That would be resistance out here. So we have clear signals, but they're mixed. They're just simply mixed. Now, it's a bullet-structured profile, and if you could see the NQ closed below 77-67, that would be the number you'd be looking at today. Then you should see, and this would be for traders, at this stage, you could see a pullback to 76-82, even 76-26. I'd be more inclined to go with the latter, the bottom of that box, but we're not there just yet. But definitely a topping pattern that is in place here for the NQ. So whereas the NDX100 didn't have the bearish reversal signal, the NQ does, both of them showing topping signals out here. And that kind of flows into the question that Alex wrote in about, which was, he said, hey, you know, the NQ's being dragged down by chip stocks, although the top six stocks represent 45% of the index. That's Microsoft, Apple, Amazon, Facebook, and Google. They're weighting structures about 45% in there. And Alex's question was, do the chip stocks need to rebound in order for the NQ to get its mojo? And the answer would be no. 45% of the stocks go ahead and lift that thing higher out here. But you don't have your clear levels of resistance. I can't say, your level of resistance is the high from yesterday. If price gets over that inside the NQ, it's on its way. Apple is pulling back a bit out here. The number two weighting, if we just simply take a look at it, here's Intel. Now Intel, by the way, had just a terrible day today, volume to the downside so far, 46 million shares. But hey, here's the deal. And although somebody's going to say, hey, this is volume off for the top, and I'm going to say you're right about that, what I'm also going to share with you is that where price is found support in Intel, very similar to LightSuite Crude is at the bottom of its weekly profile. And that was 5150. Now, the actual low has been 5150 too. How does that work? So would you jump on board and go short now because there's volume off of the top inside of Intel? Well, Stevie's answer would be, no, you would not. Just like in LightSuite Crude, you would say, okay, you'd have your stop in place and if you see it close below 5150, that's a different message out here. But right now, from an intermediate term standpoint, what Intel has done is just simply pulled back to a key level of support. And that is the bottom of its profile. Now, I mentioned let's go take a look at Apple, see what it is doing. It's trading with inside a brand new box that it has formed out here. So as we take a look at it, its level of support is going to be 19106. And similar, but not exactly, but similar to the market, whereas the market, once it got into its profile, as the equity futures market, we never saw it close below the bottom of a box. That was not the case with Apple on March 7th and March 8th out there. But nonetheless, there's nothing bearish here with regard to the Apple chart that we're taking a look at, other than it's just taking a breather. Now, I just want to confirm that in the way that I would confirm that would just simply by taking a look at the daily timeframe Ninja Trader charts out here. And I do not have that topping pattern that is in play out here. So at this stage of the game with regard to Apple, just looks like your garden variety pullback inside of it. The Microsoft, which is the number one waiting inside the NDX100, gap to the upside with its 52-week high, all-time high, I believe, as well out there today, an inside session. Now, an inside session typically means that price is going to continue in the direction that it came from. So that would be to the upside out here. If we look at Microsoft for some type of topping signal, well, we don't have it. Even if I draw in A to B equal CD patterns, which is easy to do here, the D point of an A to B equal CD, never. Did I say never? Never ends on a wide-ranging bar, which is what yesterday was out there. It was a wide-ranging bar. I know it's kind of hard to see because it was a gap to the upside. That's not how D points are formed. It's hard to see and made with small-bodied candles where it's telling you the market is tired than some type of nice reversal signal out here. That doesn't mean that Microsoft doesn't have some things to be concerned about. For example, on the weekly timeframe, what it's doing, it's stretching. It's doing the old stretch out here. Price moving higher, doing less route of energy, but only in wave number three. So it looks like it has further to go even if it does pull back out here. Now, the pullback could be, if it were, the profile could be dangerous because that's one 2043 at the top of the box. But we're not seeing it just yet inside of Microsoft. So the answer to your question, Alex, was, do the chips have to turn around in order for the NDX100 to continue higher? No, but the NDX still shows a topping pattern that is out there. So it's going to be interesting to watch, but no real breaks of support out there. I hope that that helps you out. The next question that came in was from, ah, shoot. Let me come back here and get this. This is from Art. And Art is asking, what's your outlook on JNug and Gold in general? So Art, you probably didn't hear the opening, but I'll give you the quick overview at this stage. Here's the daily timeframe chart. The daily timeframe chart looks good. Price is trading above the top of its profile, of course, you want to see what it looks like at the end of the day. If Gold closes under 128550, it's going to make you say, hmm, something to think about. And the reason is, is because, hey, it can still move lower, take out the most recent lows, complete the A to B equal CD pattern, get to wave number seven letter G, and maybe that's the bottom out here. I don't know. I don't know. This is the end of the day session with regard to Gold. Now you didn't ask about, well, you did ask about Gold in general. What I would also share with you, I'll go ahead and throw out this bonus out here. And just send in an extra 50 cents, if you would, on a bonus level out here. Looks like this is going to be a weekly TD setup, nine count for Goldilocks. It could be a bottom. So it's looking more like a bottom out here, way to the end of the day. And in order for Gold to really say it's been bottomed, price would need to close about 12, 98, 60. That's its weekly Stevie Green Line number. Great. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax free zones across the country where you can build and make 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 best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $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 checked out the newsletters page of TFNN.com, what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable, and a must-have for every trader 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? 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One of the things I would not do out here is if you are 142 in the afternoon and you say hey, I like this moving gold. It is trading above one of the resistance zones that Stevie is looking at. I think I will go ahead and add it to my portfolio and do that inside the JNUG or the GDX or any of those. I would say no, no, no Now is not the time now the reason I would say no is not the time is this is the hourly chart here for gold that happened to be earlier this morning listening in on Larry's show before had to go run and take care of a few things and John you were asking about the hourly time frame chart I had mentioned to you I had thrown in there that gold was in wave number seven on that hourly chart now it looks like wave number seven on the hourly chart is now going to be confirmed at two o'clock it's 143 you know obviously things can changed in the next 17 minutes out here but assuming they don't will get that seventh wave move top you've got a bearish engulfing candle you've got your Larry Pesavento three drive to a top and so the question is going to be what happens when price gets to 1287 40 that would be Stevie's green line on the hourly time frame chart and so there is this possibility of seeing the close below 1285 I don't know what I do know is you've got topping signals here on an hourly time frame chart inside of gold with that bearish reversal signal so now would not be the time to go ahead and get in or add to that position instead you want to just see how the trading in gold unfolds for the rest of the day at least that is my take as we speak right now so that it without even going to J-Nug but I will go to the junior nugget for you we'll just take a look at profiles and things of that what we can see out here the weekly looks like this could be a bullish hammer candle out there and and on the weekly time frame chart let's do this for you inside the J-Nug let's see if this looks like it could be a Gertley a weekly Gertley buy pattern because it looks like it could be here's your shooting star for your A point your B point was the trading day of March 4th and then a retracement into March 25th so this is made the one to one A to B equal CD the price projection was 701 it got down to 705 this week like this is a hammer candle at the end of the trading session it is right now 145 but I don't know what it will look like at the at 4 p.m but otherwise the weekly for the junior nugget is saying hey you've got a Gertley buy pattern out here so that looks pretty good the daily is formed a new profile yesterday price is getting inside that box bullish and structure what this means and of course depending on the close day in gold which may affect the junior nugget you really want to see price close above 803 if it doesn't you know then then then then I'm not certain this case here you'd say if this were the close right now the way we'd look at it I would say the junior nugget is at least going to bounce to 877 out here that would be our call as we speak so there's the look of the junior nugget the daily the weekly the monthly we're not going to pay attention to and really in the gdx we probably have the same thing but let's just confirm that since you ask yeah there's a hammer candle inside the gdx it's doesn't it sort of has the same pattern out there on a weekly basis and and on the weekly basis price held support which was the bottom of the profile 21 57 they really got down to 2067 out there so our thanks for writing in hope that helps you out have a nice weekend let's see who else do we have we've got shipments from China pretty sure that's not for me and we've got collect your reward before it expires in 24 hours I'm going to get right on that okay now let's go to an actual real email out there how much junk mail do you get can't somebody come up and develop something so that we don't have to see that junk email I mean people talk about artificial intelligence I think it's artificial I haven't seen any real intelligence I mean how many maybe I'm the only one that is inundated with junk and you get no idea where some of this stuff really comes from I have no idea where it comes from in any event we've got a question here from the hot dog himself and his question is can we look at fnv got 100 shares the next resistance level looks like 72 buck runes let's go take a look at Franco Franco Nevada out here fnv and try to help out the top dog no this is not the top dog this is the hot dog out here so we got a top dog in the den we got a hot dog here by email you got to love that let me put an fnv and my other charts out here and there we go so oh so you're saying the next resistance looks like 72 so here's what we know we just take a look at our market profiles market profiles daily would say resistance would be 74 88 trading well below the bottom of its profile the weekly would say 72 94 maybe that's your 72 bucks out there and the monthly you know resistance really 73 96 72 57 is the quarterly level so so maybe that's where your numbers are coming from but however hot dog might be looking at Stevie's red line and if we take a look at never on those sites 71 47 out here inside of Franco Nevada that would be your resistance level so what Franco Nevada did two days ago is it formed that TD setup nine count pattern did it on day 10 but that was the low so that's a potential for a reversal today is a bullish reversal candle it's that bull separation a line thus far so very bullish and what you would like to see here is a close above Stevie's red line at 71 47 so that's what I see when I take a look at the daily time frame chart here certainly a to b equal cd down patterns that are saying it was completed today as long as this bull separation candle remains in effect out there the weekly basis we don't really have a bottoming signal here whatsoever so you know does price bounce to resistance and then continues moving lower I don't know the answer to that but no bottoming signal yet on a weekly time frame inside of Franco or Franco Nevada so I hope that helps you out but on a daily basis looks like you're at least going to get more of a rally or a countertrend rally in it so thanks for writing hope you have a great weekend out there and but that's about it that's all we've got so let's see are there any questions inside the tiger's den I think there are not I just want to make sure because if you've got a question I'd like to I'd like to go ahead and answer it so I don't see anything in the dead if you do have a question no please go ahead and either write in give me a call 877-927-6648 and so what are you going to do for this next 30 seconds out here I'm going to look for something fabuloso what would that be what would that be out here what can what can I what knowledge can I impart on you you know treasury bonds are kind of an interesting spot right now treasury bonds if we take a look at them give me a moment we should be able to pull this up here quickly here's treasury bonds moving higher in dollars moving higher in euros moving higher today in yen and sideways inside of pounds but it looks like what t bonds want to do in the case of us dollars is go ahead and bounce all the way up to 148 17 that's the top of a new daily profile form at the beginning of the week as Steve roger with tf and n will be back for our two minute wrap in just a few minutes since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tf and n dot com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting tf and n dot 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 $1,900 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 consisting 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 eight active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today 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primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just 89 dollars click on the primal edge banner on the front page of tf and n dot com this is david white stay tuned because coming up next is the power trading hour right here on tf and n welcome back folks dows up about 11 s and p3 nasdaq 123 and so you know i think the best thing that we did today was went ahead and looked at each of those daily indices and we can see that we've got plenty of those cash markets that are identifying the potential market tops now the responsibility of the sellers when a market top forms is to test their strength and the way that they test their strength is the way that you and i interpret the test of their strength is whether or not they can bust support all stocks go up and come down and go up and come down you know that's just part of the game out there the question is as they're moving down do they break levels of support and so inside the e s many the s and p which does not have a topping signal out there if price were to close below 28 94 50 for whatever reason we'd say support has failed and price would be continuing to pull back in case the nq which does have a topping signal out here if price were to break below 72 676 26 well that would be telling you and i that what we have is a change in trend in the dow which would be the likely the first to give us that signal that number is 26 372 and we really should be on the lookout for this it's perhaps the message of the new york stock exchange and what i mean by that is the advanced decline oscillator continues to trade below zero even though it doesn't feel like it and it doesn't feel like it it's a signal to you and i that the sellers are in control not doing a good job but it's two different teams out there but it still says be cautious but the cautiousness is mitigated by the mere fact how do you like that use that big word they're mitigated by the fact that prices below the 50 day exponential moving average that's 1427 and just for the heck of it what are junk yard dogs doing out here today we'll take a look at jnk moves made a higher high if there's still plenty of liquidity in this market a lot of that liquidity coming from overseas coming from europea to the usa and you're welcome come on over spend the weekend here in florida hey folks thanks so much for being here this week we'll look forward to seeing you monday have a safe happy weekend stay tuned your favorite polar bears up next time well brian three to five we'll see you on that take care