 The following is a presentation of T F N N. The Traders Edge with Steve Rhodes toll free at 1-877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now Steve Rhodes. Good afternoon folks. Welcome to the terrific Thursday, the December 19th edition of today's Traders Edge show. I'm your host Stevie Perseverance Rhodes, who absolutely knows that he 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. Yep, let's have an extraordinary day. The easiest way to do that. Well, it's to always remember that life is happening for us, not to us. That's right. When you and I make that one little two by four shift means we can find the gift in every set of circumstance that life is going to toss at us. Now today you and I were going to go check on the circumstances of these markets. We're going to go figure out with the bulls and the bears what those buyers and sellers are communicating to you. 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 much more important than that. During this next 16 minutes, this show is all about you. So feel free to give us a call 877-927-6648. I almost forgot the number, but I remembered it. And if you can't call in, well, we've got you covered there. You can send me an email. Let those fingers do the walking. Steve at TFNN.com inside the subject heading. Please put radio show question, of course, and our Tigers then any ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show all indices in the green. You've got the Dow up 85 S&P up about 10 Nasdaq 38 Russell up about three points. Summaries up 10. Spot volatility next is flat, but it's down four pennies. We'll call it flat $12.54. So we still have a little bit of a rising bottoms pattern. Excuse me. Inside the spot volatility index. We'll certainly take a look at that. Gold's up five bucks. No big deal. Silver 11 pennies. Lights we'd crude up 26 cents. Natural gas back 3 cents. Lead the charge to the upside IAC interactive Corp up 17 bucks 7.77%. Please pull the one arm banded now. You've got equinix up 10 bucks or nearly 2% Corona therapeutics up 10 or 15% Netflix up 9 about 3% to the downside. Apigee Parigee came in yesterday, but it's Apigee Enterprises off 3rd off 8 bucks down 20% trade out at 30 to a one auto zone in the red zone of three quarters of a percent or $9 Alakos down 650 Linux of six bucks Miller Herman Inc. Down six bucks. That's 13% to the downside. Of course, I want to look at what you want to look at. And therefore we're going to go to our first request and only request that we've got. Nope. I take that back. I see two of them out here. First request coming in from T Tim and Tim TM is asking that would we please take a look at XC S. So we will that is the oil. So one of the oil service at the S&P Oil and Gas Equipment Services ETF. I'm long since the confirmation signal last Friday. Okay. Just looking to write it till she runs out of gas your take on resistance and support. So as we take a look at as we do when we start off with our three timeframe charts daily, weekly, monthly, we look for those levels of support or resistance here in this case here on the daily timeframe. That's left hand panel prices above resistance. That was the top of the daily profile 755. That was a bearish structured profile. Nothing were bullish in a failed bearish pattern, so to speak. If you take a look at the weekly what we can see that's a bullish structured profile prices well above the center line, which is 729 years, 795. This suggests a move up to 853. So Tim write down 853 as one of the levels where prices likely headed to on the weekly on the monthly chart. I shouldn't say prices below the bottom of its profile. Old support may become new resistance. That's $9 and 10 cents. You got two levels 853 and 910. If we go take a look at the daily timeframe chart here with Stevo, we'll take a look at my Ninja Trader charts where I've got my tools. Now this actually formed him a bottom on November 21st. It was the TD set up nine count pattern out there. So you could have caught it earlier than last Friday if you were using that pattern. It did form a nine count top out here on the 17th. We saw just simply a hiccup of a move a sideways move out there telling you that there is strength inside the XES. Now there's another number to write down on your pad of paper. That's going to be 828. 828 is the next breakdown resistance level on the daily timeframe. So you've got 828, you've got 853, and you've got 910 out there. Those are the areas where it looks like XES is headed to at this stage of the game. On the weekly timeframe, this did form a nice weekly bottom out here. Roads went to the indicator bottom. This is on November 22nd. Actually, this is the way you like to see it, right? I believe we had a bottom right around November 22nd on the daily timeframe tying into the weekly timeframe chart out here. So it looks pretty good. You've got your resistance levels out there. So Tim, thanks for writing in. Best of luck with your trade on XES. Let's go to our next requester. This one coming in from Sat P. And Sat wants to take a look at what is it here. GH is the ticker symbol. So let's go take a look at it, see what it is, and we'll read the question. I bought a few shares of GH recently. That is Guardian Health straight out of $79.91. Can you please suggest if I can still hold the stock or should I exit? I learned a lot this year from your show and it was very helpful for trading. Thank you for that. Well, Merry Christmas, Happy New Year. And same to you. And thanks for listening to the show. Absolutely out here. So here's what we know about Guardian Health daily and weekly. The monthly we don't have any data. It's an IPO from back in October of last year. Just not enough monthly bars to really generate any information. Price is trading above resistance out here. That's the top of its daily and weekly profile. It is taking on previous swing point areas out here. Looks like the last one might have been from November 26th. About 600,000 shares. You're taking that on with volume 814,000 shares. That's what you like to see it do. Even on the weekly basis, you are dealing with 2.5. You're already at 5 million shares. So this looks very, very good, at least from that standpoint. Let's go over here. Take a look at GH. See if there's any other resistance. Maybe some TD9 breakdown areas and we can see there is one. And that's coming to you at $84.18. I don't see a reason to exit this. There's no sign to do that. You may get resistance $84.18. Price could also take that level out. So price is moving into prior swing points with volume. I would stay the course $84.18. Your next area of resistance. On the weekly timeframe, let's go take a look at it. See what we can see out here for Guardian Health. On the weekly timeframe, price right now is taking on. It's a weekly oscillator unchanged line. Closing above that is a nice positive. $79.05 is that number. That would say over time this could move up to $105.84. We'll watch obviously the daily timeframe before we take a look at the weekly. All systems are go as we speak right now. So best of luck with that trade. Thanks for writing in. And best wishes. Merry Christmas. Happy New Year. Thanks so much for listening to the show. Folks, I want to hear from you. That could be at 877-927-6648. If you can't call in, send me an e-mail like Sat P and Tim did. Steve at tfnn.com. Please put radio show question in the subject heading, of course, inside the Tiger's tent. Any ping will do. Before we go to this breakout here, we don't have any new profiles for our equity futures contracts. Those are daily or weekly. And so this says all systems are go to continue to move higher into that top. It's likely just around the corner. Steve Rhodes with TFNN. We'll be right back. Thank you so much for joining us today. We'll see you next week with ETFs, commodity futures and forex headed by Steve doll Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets. Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. This is TFNN.com Educating Investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks. That was a pudder for S&P 11 points, about four tenths of a percent to the upside. A request to Jimmy to take a look at some short term time frame charts here for the S&P 500. Jimmy, the way that I would be doing that is by focusing on the equity futures contract, the ESMini. So if you're a day trader, you don't have to necessarily trade the futures contracts, but with regard to the patterns that I use out here, that's what you'd want to be accessing and paying attention to those patterns. So here's one thing, Jimmy, that we both know. We can see here, we've been talking about it, that the ESMini has been trading in this sideways range, this little consolidation. And that consolidation range was set up by its TD set up nine count patterns. The TD set up nine count top and bottom. And what that does is that sets up breakout support and breakout resistance levels. The green lines are resistance. 3202-15, the support levels were 3193 where there was another one that formed late yesterday, early this morning I should say, and that was at 3197. But I'm going to look at the larger ones, 3193-3205. That is a nine point move. Now the beauty about that, Jimmy, is that you had certainly an opportunity to have... Well, if you're trading the spies, you didn't necessarily have that same opportunity, but from an ESMini standpoint, actually at 9 o'clock this morning, as Price was moving in towards that support level, breakout support 3193 out there, didn't really get down to it, but it was probably at 931, Price got above the other breakout level, the one that formed out here at about 1230 last night, 3197. But here's what we know. Price is broken out of this consolidation. That's your black rectangle that you see. That's your measured move out here. And typically when you break out of a consolidation, you generate a measured move. It's equal to or greater than, so we can only draw the equal to, that would make any sense. So it gives you your primary target. In this case here, you're looking at about 3211, maybe a tick or two, maybe two ticks, 3211-50. We can see that this on a 30-minute basis looks like it's going to become bar number 8 of a TD set up 9 count. I won't know until we see where it closes, compared to the bar 4 bars earlier. That would be bar number 4 that's labeled on my screen out here, but at this stage, if 8 is the high, or it could be 8, 9, or the bar following 9, that's where you would start to look for Price to begin to cool off, maybe pull back, move sideways, something along those lines. So from a scalping standpoint, this is what I would be using. This is what I do use out here. I look at the 30-minute timeframes and I really need to understand what other patterns are going on. You know, what's the bigger picture, right? You first have to have a bigger picture out there with regard to the EES mini. So what is our bigger picture? What is our bigger picture out here? Well, what we all know is the following things. We have over the course of the last several days, we have identified several areas of resistance. First, here we take a look at our market profiles. We know that those levels were passed. Once Price got above that, this is the EES minute on the left-hand side, this is on December 12th. Once Price closed above it, well, you got the real bullish move the next day when Price came back, tested the top of that box, old resistance clearly had become new support out there. And that was at the 3159.75. The low of that session was 3159.75. So what this tells us, what this suggests to you and I is that the markets were ready to move higher. This above all, TAS resistance. So where do we go from there? We could use different A to B equal CD tools, but you and I, we've got something better than that. We've got our horizontal trading range boundary lines. Now, this is a monthly timeframe chart out here. We just went from a 30-minute chart to a monthly chart. But on this monthly chart, we have both daily, weekly and monthly horizontal trading range levels out there. These are the horizontal areas that will oftentimes contain price out here. So we know that on the daily timeframe, the EES mini several days ago had pulled back, tested and rejected old resistance that became new support. And now we have our next price projection. So in the larger picture out here, you've got 3250. 3250 appears to be where the EES mini is headed to. That is its next horizontal trading range boundary line. Now, what the EES mini and all of the indices are doing, they're playing the game of pickle. I've never played the game of pickle. I like dill pickles out there. But yeah, as a metaphor, they're playing the game of pickle. All right, since I don't know what that is, although it's getting to be a popular sport down here, I don't get it. But that's okay because I don't play it. Racquetball, now that's a different sport out there. You know, squash, that's a different sport out there. But pickleball, in any event, the reason why it's getting into a pickles, because we took a look at this yesterday, just simply the plethora. If I can go ahead and act like I am a linguist out here, a plethora of potential topping patterns out there. And they suggest, oh, how did that happen? I haven't used this chart here for a bit. So let me see if I can expand this out. Well, what the heck happened there? Oh man, what is the deal? Well, there we go. Okay, so there's our daily. There's our weekly. There's our monthly. There we go. So we take a look at this chart out here. These are just, now these are the cash indices I can do the same with the futures contracts. But this just gives us, this is kind of like our easy way to take a look at multiple markets at the same time to try to understand if there are any top or bottom signals out there. And when we take a look at this chart here and you look at the column number three to the, from the left, that's got your daily rose momentum indicator signals. And you see topping signals all over the place. And you go to the weekly and you say, well, hey, Steve, you go to the weekly and it's bare. It's like your kitchens are bare. Your cupboards are bare, so to speak. I say, not so fast. Go over a few more columns on your right hand side where it says W slash TD9. That's our TD9 count that Jimmy and I were talking about earlier and take a look at all those eights that are there. Now those are based on the candle closes from last week's candle. And all those stars tell us that those are valid topping signals. So the weekly topping signals, the daily topping signals. And then look at the monthly rose momentum indicator signals. And you've got topping signals everywhere. That's why I say the markets are in a bit of a pickle. And this is like a game of musical chess out here. Not that the markets won't move higher. They should move higher. They should move higher through when? Through the early part of January. The cycles don't always take place on the day that they're supposed to. It's terrible, isn't it? That they don't actually top or bottom on the exact day. Don't you wish it was just simply that easy? What I'm trying to do here is find that right here. Find this chart. Here as an example is a chart. This is a chart for the Dow. And the reason why it's for the Dow is because all my seasonal cycle work is done from the Dow because I've got 130 years worth of data to be able to go back and figure it out. And so the red arrows are the dates at which the seasonal cycle typically tops. Those would be January 6th, May 19th, July 21st. Those would be your typical tops. Now what I do is go back and take a look at the chart and say, well, where was the top that had formed? In this case here, the January 6th top formed 22 days earlier out there. If I take a look at the May 19th top, that was 19 days earlier. Now if I take a look at the bottoms, those are the green arrows out there. The green arrows we typically see bottoms around January 30th, June 25th and October 13th. Those would be our typical cycles out there. And those two arrived early. 23 days, 16 days, 7 days out there. Now we know that it's not 13 days because we've got a little bit of a higher high inside of the Dow today. Whoops, I didn't mean to do that, but the typical topping date is January 6th, but it doesn't have to happen on time. Instead, we will wait for the market to tell us. And how will it tell us? Well, pretty good chance to create a bearish reversal candle. Steve Rogers with Tf&T. 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 to 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. 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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 tfn.com. Welcome back, folks. That was up 95 S&P 11. The Nasdaq 100 is up 44 points, about a half a percent out there. Let's go to our next question out here. And again, you can reach us at 877-927-6648 or send me an email like Hector. And the fuel injectors did here. Steve at tfn.com. I'll just please put radio show question in that subject heading. So Hector, hello, Hector. He wants to take, like, he's a bottom fisher out here. He likes those grouper. He does not want to, he does not, he likes to bottom fish out there. Now, those grouper, once you grab a grouper, that's going to be a big fight. And it's going to be a heavy load to lift. Once you, you can eat for a lifetime if you catch a nice big grouper. So bottom fishing, that's a beautiful thing. And he's doing some bottom fishing out here with NBEV. And the question is, has it formed some type of bottom? And Merry Christmas to you as well. Let's go take a look at it. NBEV out here, let's look at our three timeframes. Understand what we've got. Hey, what you've got out here, Hector, is you've got a sign of strength off of that bottom. Now that's a numero uno lesson that Tom had taught me way back when, way back when, was 2006 when I began my entree into a technical analysis. And that's what you like to see out there. So as it formed a bottom, I don't know. We're going to go take a look at the other daily charts out there. But you've got a nice sign of strength and price taking on the resistance. That's the top of its daily profile at 209. And close above that today and then tomorrow would suggest you've got a potential change in trend out there. If we take a look at and expand the daily time frame chart here for NBEV, we're going to see that it has struggled to close above the top of a profile for mucho grande time out here. The last time was this one sign of strength out here on April 8th. So I guess it does have signs of strength and then it sells off. So holy snikies out there. Be careful. But we'll go take a look at the other patterns. But it did that. And that was just like, and that was on April 8th. It was the last time we saw price above the top of its profile out there. And I take that back. There is another time out here. That other time was this little sign of strength on October 16th. That was a one hit wonder two out there. So now it's got me thinking. It's got me thinking out there. Hector, it should have you thinking too. So there is Stevie's two day rule out here. There's my two day rule. So you want to be able to see price close above that. If it doesn't, then you know just following the other pattern. But right now price is above the top of the box. We're going to go with what we've got. It's below the bottom of the weekly, but it is right at the bottom of the monthly at $1.74. And it looks like a hammer candle right now. Doji or hammer, but the month is not over. So far, so good. Let's look at Stevie's other charts out there. And one of our dinners, Pete D, said that there's some insider buying. Is that what you said? It just went past my screen so quickly out there. But I think that's what the message was. Now if we take a look at it, thank you, Pete D. Yes. If we take a look at it, price was moving lower, doing less relative energy. And the actual buy signal came yesterday. Yesterday what you saw was a nice old bullish engulfing. It also looks like a key reversal session. That was a bullish candle. You got a gap to the upside. Your second bullish candle. So it looks to me, Hector, like Enbev is headed to 237. That's where it gets its next resistance at. That's what the daily timeframe is showing. Let's go take a look at the weekly, see if we can get some guides here. We're especially concerned because of those breaks to the upside that we saw. So where was it? What was it rejecting? Aha. I knew we could find it. All we have to do is like Hector, do a little bit of fishing around. And we can see it. Well, what was it? What was it that we saw those breaks to the upside with some nice volume behind it, but it failed and it failed where? It failed at that magical line. Stevie's green line, which can turn red when it turns red. Well, that's not a good thing. That is not a good thing. It tells you your price oscillator is below zero. And nothing like testing and rejecting that to tell you you've got a real falling price oscillator below zero. And right now, price is testing it. It's probably about 210. We're at 212. So what you're really looking for here on a weekly basis, if Enbev has found a bottom, it will go ahead and do something that it hasn't done since February 15th of this year. Close above that very million portanto line out there. Stevie's green slash red line, otherwise known as the oscillator unchanged line. So tomorrow afternoon, Hector, you'll have your answer because if price closes back below it, it says warning will rob and see even though you've got a nice bottoming pattern on the daily timeframe out there. So best of luck with that grouper that you've got on your hook out there. Pat writes in, he says, hey, Hector, he wanted you to let you know there's a huge short interest in Enbev. Hard to believe that. Not, Pat, I believe you. Hard to believe that there is a huge short interest at a $2 stock. Do you realize the type of short covering rally you could get there? I mean, geez, Louise out there to the extent that you like Louise. On the monthly timeframe, now let's go look at the monthly timeframe out here because if Hector and you and I are bottom fishing, let's go take a look at Enbev on this monthly timeframe. We knew that price was pulling back to the bottom of that profile. That could be or should be a level of support. And what we can see here is this is going to be bar number eight of a TD setup nine count. Now you and I know, like Dave Mason knows, that you can form a bottom on bar number eight and it is right now hammer doji. We already covered that. We looked at that out there. You can't get a lower low bar nine or bar 10, but bar eights can be the low out there. And as long as next month, the month of January, doesn't close above the price point here. Let me see if I can get it to you. Let's see if I am good. Oh, I am good. The close is 276. You would have a firm, monthly bottoming pattern out there. So Hector, I think the weekly is key. You nailed it. We found it. And that was that weekly oscillator and change line. That's really the level to be watching over the course of the next couple of days. So Pat, peak D, thanks for writing in. Thanks for helping out. You've got good wing men and women, Hector, to help you with your trading and investing. No more calls. No calls actually today. No more requests by email. Nothing inside the den, I think. But let me expand that. Maybe somebody had asked for something in the den and I want to do it. Yep. Now, peak wanted to take a look at NTNX. So let's go take a look at NTNX. Thanks, peak. I appreciate that. My window on my, whoops, holy cow. What did I do there? My window on my NTNX is kind of small. If you actually saw the setup here, you'd probably shake your head. I think it's organized. Some people will walk in here and say, it looks like mass chaos. No, not really. It's really pretty well organized. But at any event out here, it's called Nutanix. Nutanix. That sounds like, it sounds like that Frank, what's his name? He does those hygenic, something Genix adds. What's his name? Frank, Frank, Frank, what? Frank, what? Gosh, that was an athlete. I forget his name. Doesn't matter. But here's what we know about, New Genix is his deal, right? Nutanix is somebody else's out there. And here's the deal. You're saying buy holder sell. On the daily basis right now, you've got three days in a row that have tested and rejected the bottom of that profile. That's 3207. So baseball, that's right. So that's telling me the Frank Thomas. Thank you. Well, sometimes it just got, you know, just a good thing we've got to wing men and wing women out here. Now the daily, the daily out here, Pika's saying, not so sure. The weekly on the other hand, you do have price testing support. The old top of its profile, well, guess what? It's not an old profile. It's a brand new one. It formed this week. Sometimes the top of that box and price was above it. When it forms like that, if the top holds, which is 3171, that would be bullish. But we're going to have to really investigate this because price is below the bottom of that weekly profile out there. And on the weekly, I'm sorry, in the monthly profile, the monthly profile, the right-hand panel, Pika, this came up off of the lows out there. That was a bullish structured profile. And if you and I were going to say, where would a countertrend rally stop in Nutanix? Because that was a bullish structured profile that price got below. We would have said the center of that monthly profile, 3645. That's about where price had stopped. But we'll be right back. We'll go take a look at our other charts. We'll go see if there's some other signals for ticker symbol. NTNX, I want to hear from you folks, 877-927-6648 with your inbox. 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 hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. 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From all aspects of the markets, including stocks, bonds, metals, commodities, and tech, there's a newsletter to fit your needs exclusively from TFNN. and get that competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to T F N N dot com and click the newsletters button near the top of the page T F N N dot com Educating investors. Biotech is booming, but for how long whether you think the biotech bull has room to run or has run its course trade L A B U or L A B D directions daily S M P biotech three times bull and T F S visit direction investments dot com slash biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction chairs carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus. Please contact direction shares at 8664767523. The prospectus and summary prospectus are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC. Don't forget you can listen to T F N N live on your mobile device 24 hours per day. Go to T F N N dot com then hit watch Tiger TV. That's T F N N dot com then hit watch Tiger TV for the latest market information. Welcome back folks were taking a look at T F N N dot com. We're going to try and answer the question buy hold sell out here, and this is a toughie. This is a toughie. Here's what we know prices below a level of sort of the daily testing the top of a brand new profile in the weekly, which could be bullish if it holds that love by tomorrow and below the bottom on a monthly. So this is a this is a toughie out here. Now the daily is also showing a little bit of what we're going to do here. So prices pulled back. What I would do if you're really looking to enter this because you've got a valid bottom pattern out here. I would wait for this equity to prove it to you. The proof would at least be getting back inside the box. So it closed above 3207. It's at 3185. I say it closed above 3207 not just trading above it. Then I would say, Yeah, you've got to take a swing at it. You'd be looking at that swing getting up to about 3474 the center line of its daily profile out there. It could get up to 3562 3375 is another level. You'd have to watch that Stevie's green line out there, but you know, if you're looking to enter it, that would I sell it? I couldn't sell it right now. Because you've got a bottoming signal, right? So here you've got that tug of thread. You've got a bottom pattern out there. So I hope that helps you out polar with regard to not polar. That's just proved that I cannot do two things at once, even on the show. I'm always doing like five things at once out there. And so, uh, but Polar said, Oh, that was a good discussion about NTNX. Don't know what they do, but so there's no more. There's no one that's going to talk about that, but so there's no more. There's no there's no there's no chickens in the oven, so to speak out here. So I'll wait for the next. Request. And in the meantime, we'll just do a little bit of surf and safari out here. So what is the markets are doing their head and higher? What is it that they're going to top out if they ever top out one of the levels that you are watching? I know that because. I just know it as somebody out there is going to be in the market. So what we're going to do on this chart out here for the New York Stock Exchange. We're watching it approach that 150 level 150. If we see a turn down, well, then there's at least going to be some type of sideways move or retracement or there should be in the markets out there. Those are what Stevie refers to as 150 failures. So right now it looks like we've got some more room to run to the upside out here, but I had mentioned earlier. This is a closing base. We're using a line chart out here. Don't often use line charts, but I do for situations like this because it's especially important to me to understand the closing price of the VIX out here. And if we take a look at December 16th, you had the S&P made a high of $31.97 or $32.03. So we already know that the S&P is making higher highs, even though small body candles. But at the same time, you have a rising spot volatility index. Now somebody out there might ask the question, Steve Oh, are you just filling time? Are you sharing with me something I ought to know? I never just fill time. I'm always sharing something with you that I think you ought to know. See, when you do this show, the cool thing about this show is by and I'm grateful to each of you that actually listen to the show because it just says I'm not actually talking myself. But for the most part, I'm talking to myself out here, but doing this process is doing nothing more than training myself providing me with more and more conviction. Each day, I get more and more conviction because of the tools that we use, because of your help, because we take a look at this stuff. So it doesn't matter whether you're a bottom fishing or you're sending in information, it just is so very helpful. In fact, the way that I started, the ability, there was a years ago, remember years ago, folks, how the herd kind of things just seem to like happen in the herd follows. And so years ago, I think it was Oprah that started it when she got into, she got big into that video or DVD or CD that was out there that it was called, what's called the secret? I think it was called the secret, right? The ability about simply being able to attract into your life that what you want. Well, we know that that's the case. You don't think that's the case? Fear of golfer, I want you to play a full round of golf out there and I want your swing thought before every shot. I want you to visualize the water or the bunker or the woods or something. Something negative and I want to see how good of a round you actually have out there. If you watch those pros and they close their eyes, they are visualizing the shot. They want it, not the shot. They don't want to hit, but how did I even get to that? How did I even get so far off track here with regard to just simply arising bottoms? I know how I got off track. It was when I first went to see Tom and the first time I met Tom was after listening to him for about 15 minutes, signed up, paid three grand or whatever it was to go to a master trader course. Didn't know anything about trading and investing. I've been doing it forever. So when I say forever since 1979 out there, but it was all fundamentals because I'm a bean counter. That's right. I'm a bean counter out there by education. But in any event out there, what what what I would do was I would go back home then and would listen to a show was like from four to six, right? I'd either record them or I would try to listen in live and somebody would call in about a position and I would put it on pause. Yeah, so that's when I was. I remember now is that's when they think they've made a first start doing the iTunes downloads out there, and then I would answer it. I would put myself in his position now and you talk about being able to track things into your life. Well, take a look at what it is that we're doing right now. So but here's the bottom line and I know I got off track there. I'm allowed to get off track here. It's almost the season. Heck, tomorrow I've got to fill out my football pool. There's games tomorrow. I don't know if I should put Utah or Kent State. Do you know? In any event as we take a look at as we take a look at this, a rising bottom spot volatility and it's in the face of rising prices is a pattern that can lead to a top as well. So that was really all I was trying to say, but no questions that I see. Maybe John has asked about a question out here. Starbucks. No Starbucks. No coffee. I don't drink coffee. I do not drink coffee. Love love the flavor of coffee who doesn't and coffee ice cream. How can you say no to that? Put a little chocolate in it. How can you say no to that? But let's go take a look at ticker symbol SCCO out here. I believe that is Southern Copper. SCCO try to get a feel for what it is doing out there. Asking about daily, weekly, monthly. Count so SCCO. So the first thing that we've got out here, take a look at this, a beautiful, beautiful chart that we're looking at or set of charts daily above the top of the profile weekly above the top of the profile monthly above the top of the profile. So all of that looks good. If we take a look at the daily timeframe, what we're going to see is a higher high today negating the potential of that TD set up nine count. You can see the A to B equal CD pattern that is underway. Let's do that on the weekly timeframe chart. So no topping signal that Stevie sees here in Southern Copper back to the prior resistance of this little shooting star back here, but it's above that from April, looks like about April 18th. So that looks good. Let's go take a look at the weekly time. In fact, I think we'll do the A to B equal CD pattern. Now we can't. It's not an A to B equal CD pattern, is it? It's a consolidation pattern, and that's what is showing up inside the monthly timeframe chart. But we come back from this break. We'll finish take a look at SCCO because Stevie's noticing that price is sitting there right at resistance. John 42 58 straight at 42 69. That's your next key level of resistance will close above that money on. 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 that 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 TFNN.com cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. If you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over. Gold is trading back above $1500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar as well as more than 30 different mining equities. As of September 3rd gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report. Sign up today by visiting TFNN.com. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter, and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need primal edge-dailing nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, fatty, and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They have been called miracle molecules because, like sunlight, air and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge, formulated and approved by Niko and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge Banner on the front page of TFNN.com. This is David White. Stay tuned because coming up next is the Power Trading Hour right here on TFNN. Welcome back, folks. So, John, real quickly out here, I mentioned on the monthly chart consolidation pattern. Looks like it's trying to break above that. And if it does, I can take you all the way back to those sides. I put everything else inside the Tiger's Den for you on SCCO. Let's go to a caller we have on the line. That is Isaac in New York. Isaac, thanks for calling. Thanks for holding. We've got about two minutes, so how can I help you? Thanks for taking my call. A quick question about the OUL. I understand you use it as a magnet and you say the prices are supposed to either get to there or drop down till there. My question is how important or equally important is it whether the OUL is green or red at that time? So, the green one is very important. So, let's just say in this case here I'm looking at the ESMini, a 30-minute timeframe chart. And we can see that it is green. And so, when price pulls back and is just testing that level, it's just a retracement, right? It helps us to differentiate between what is it just a retracement back to support or something else. Now, what a green line tells us is that the price oscillator, the difference between the 19 and the 39 period, exponential moving averages is above zero. And a bullish marker would be a rising price oscillator. So, how do we know if it's rising? Well, if the color of this line is green, tells us our price oscillator is above zero. If the price is above the green line, now we know we have a rising price oscillator above zero. This is not a tool to identify a top or a bottom. It tells us where support and resistance is. It tells us if we have a rising price oscillator or a falling price oscillator, which would be the red kind. And so, on the red kind, when price comes up to it, rejects it and head starts setting lower, you've got a falling price oscillator below zero, that would be bearish. In the ESMini, this is going to be bar number nine in the ESMini. Could or should top, which could make it just move sideways or pull back to test Stevie's green line. That should begin either at two or two thirty if this pattern is going to help kind of slow down the mojo of the day. Does that help? I hope it does because we're about to move off there. Thank you. You bet. That was Isaac in New York. Folks have a terrific Thursday. Stay tuned. Stay tuned. Two great hours. You've got the polar bear. David White, and I'll be back with you on fabulous, fantastic Friday. Have a terrific Thursday.