 is a presentation of T F N N. The trader's edge with Steve Rhodes toll free at 1 877-927-6648 or internationally at 727-873-7618. The trader's edge now Steve Rhodes toll free at 522- συν the Magical Monday edition of today's. T you're host TV Perseverance Rhodes well absolutely knows that each of us should always be pioneers of our future vs. prisoners of our past up over there's having a great will have a great weekend you're going to have a great Monday evening some football I believe is going to be What the markets are doing of course I would love to hear from you you can give us call eight seven seven nine two seven six six Four eight if you can't call in well, we've got you covered there and the phone lines are open So to our the email line Steve at tfnn.com is my email address Please if you're gonna send me an email with a request to look at something I just put the Radio show question in that subject heading of the email that'd be great And of course in our Tigers Daniel any ping will do so let's go ahead and get this show started on a magical Monday Of course, this is tiger financial news network. I'm Steve Rhodes. Welcome to last show right now We've got the Dow up 65 points about a quarter of a percent NASDAQ is up about 1% nine tenths percent That's 82 points some eyes are up a little over 1% 21 points What 1887 is what that is printing that so all the indices are in the green out here Spot follow tunics has fallen back to pennies trade out at 1254 golds off about 10 bucks 1550 and a little change silver is down 10 cents trading out at 18 bucks even Steven lights We crude is off 62 pennies natural gas down three cents their Treasuries a 30 year market the Treasury bill is off seven ticks out there lead the charge dollar wise to the upside It is Tesla up 41 bucks eight and a half percent Mercado Libre up 23 bucks three and a half percent beyond meat is beyond my Comprehension but it's beyond me. It's up 16 percent or 16 bucks Shopify up 14 Buck Rooney's and card Lytics up 21 percent or $14 to the downside. It's a Biomed that's off $25 or 13 percent five below is below It's the below by 16 bucks or 13 and a half percent inogen up 13 bucks 21 percent There's some big movers and shakers out here exact scientists exact exact Sciences Corp. Just got to say it slowly down 11 percent $11 in change out there now no requests in yet So while let's just go take a look at the general markets try to figure out what's going on Let's take a look short term out here first Let's just start with what's going on the play-by-play for these short term charts Let's begin by take a look at a 30-minute time frame chart here for the yes Many we can see that nice three drive to a bottom pattern that formed Coming into the close on Friday nice big old hammer candle This is the yes many 30-minute time frame chart if you and I if I were just to give you this blank chart somewhat blank And I was that of course you would you would see this green solid line going across up at the 32 84 Level out there you would see that but at the lows out here I were to have said to you where is it that do you think on a 30-minute base? The yes, many would be targeting whereas resistance while you would have said to stevo 32 84 Well, now if we start doing our little wave count understand Basil is in Australia fighting the fires for a while And if we're gonna use part of his tools the Chapman wave count out here We start from the bottom of that 30-minute hammer candle. Well, what happened is price was getting up to 32 84 was wave number seven That's kind of like your seventh inning stretch out there That's candle. It's letter number seven in the alphabet letter G on my screen because those number Notations are our TD set up nine counts out here. So price has run right up into resistance So if your person that wants to short this market feels like you should then now is the time 32 84 However, maybe not so fast out there. Maybe you should wait till the end of the day It's not like there's some level of support that has been broken through But that is the 30-minute chart and it wouldn't surprise you me or anybody else if we did see the market stall here But here's the deal if the market does continue to move higher Don't you like that background screen if the market does continue to move higher out here Or close above on a 30-minute basis that that TD nine count breakdown level That's telling you that it wants to move to higher price now the 60-minute time frame chart that too had a TD set up No, I'm sorry. I apologize. Well, I had TD set up nine count bottom and in price at 32 84 was also its breakdown level So you got doubly ghee resistance so to speak out there now We got to go beyond really the 60 minute and the 30 minute time frame. Let's step things up a little bit out here Boom, let's go take a look at the five-hour time frame chart that's stepping things up Don't you think now if we take a look at the five-hour time frame chart This is a great example of why we need to understand the responsibility of buyers or sellers When they provide you and I with topping patterns and signals out here So we take a look at the yes many we would see the same thing inside the NQ for its five-hour time frame chart We're gonna see that when it did top now when I'm saying it did top Let's go grab me a cursor out here right here if you're watching Sun Tiger TV I hope you are that was at 9 o'clock in the morning. That was on November on January the 10th out there When it did top it was with the TD set up nine counts So you got a valid topping pattern and then the responsibility of sellers is to always push price back to support So the change in trend cannot take place until we begin to see support fail So there's several different tools that you and I can use for support on my charts You see those support levels identified by market profiles in this case here You can see how price was able to push lower Remember the body of the candle is truly the essence of price those wicks those upper and lower shadows They just tell you about the extreme emotion inside the market They can release information to us But it's really all about the body of that candle and where did the body of that candle close on Friday? Right at support right at support Yep, now price is moving higher doing less relative energy on the five-hour time frame chart But that won't mean a thing if it don't have that swing that swing would be some type of bearish reversal candle To suggest a swing back to support which right now is still 32 63 below that would be 32 36 out there, so it's really important just simply to grasp and understand that concept when you get some type of topping signal that To to call it the end of the world or something along those lines There would have to be no support all the way down That is just simply not how markets operate out there now in the daily time frame chart here for the ES mini One of the few that did not generate a bearish reversal candle on Friday out there Price is moving higher doing less relative energy. We are in wave number six That would be letter F on my screen coming from the lows out here in December is what it looks like So we've got topping Scenarios out there, but nothing that has been confirmed inside the ES mini on its daily time frame prices above Stevie's green line So therefore things remain bullish for it. You want to talk about a bull What do you already know about this bull here? Everybody has been riding that bull when I say everybody that does not necessarily mean you I just kind of use it as a you know I don't know a metaphor a metaphor for what I'm not sure But here if we take a look at the daily time frame chart for the NQ You can see that it did generate a bearish reversal candle on Friday That was the dark cloud cover but price never got below Stevie's green line never even tested Stevie's green line That's telling you mucho grande Strength out there is that even possible probably not so that just butchering a few things out here But what I'm not butchering is telling you that support has not been broken No, sir, we 8981 is that first key level of support on any kind of a move lower This Steve Rhodes with TFN would love to hear from you eight seven seven nine two seven six six four eight or Steve at tfnn.com. Please put Radio show question in that subject heading. Hope you're right back If you're not currently using the TAS profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The TAS profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll TAS understands that in today's Technological world the use of top flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the TAS profile scanner to profit This webinar archive is available for all subscribers immediately upon signing up all new subscriptions Also come with a 30-day money-back guarantee so you have nothing to risk Start your subscription by visiting the front page of tfnn.com today And you'll find the TAS profile scanner under the services tab sign up today Are you in the market for buying or selling real estate 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 called 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 or on the front page of tfnn.com 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 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 Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. All the indices in the green dollars up 55 s and p is up 16 We've got a couple of requests in of course I'd love to hear from you as well the first one from ed and ed says a good afternoon steep good afternoon ed Ed goes on to say I'd like to buy a cup of joe. Would you please take a look at joe for me out here? So let's go take a look. I believe that is the coffee etf out here. Let's uh go and uh, that is the bloomberg coffee subindex So what i'm going to do for you and here we'll just take a look at the etf But i'm not going to use the etf to assist you with that call Etf wise we can see prices trading below the daily and the weekly profile So that suggests further price pressure to the downside, but this is not going to oh, I don't have my screen up here Sorry, there we go. Now you can see it. Okay. Sorry about that So now we're taking a look at the daily weekly and the monthly time frame for the uh ticker symbol joe That is the etf to be long coffee futures and what you can see on here is prices below The bottom of its daily and its weekly profile But what you and I are going to do in order to assist With this trade out here is go actually take a look at the uh march 2020 coffee contract Now we're really primarily taking a look at the daily and the weekly so those are panels on the very right hand side The very right hand side panel is the weekly next to that is the daily Now in this case here What we can see and take a look at the march 2020 contract for coffee is that actually the bottom of its profiles at 109 47 So unlike the etf that showed price below profiles Is this is why we really want to use the underlying instrument So here just simply from a price target standpoint of using the market profiles I say you've got to keep your hands in your pocket Now we're going to go use my other tools out here to help us identify what's going on He didn't really give me time frames, you know that what you're looking for Um, so I'll just kind of I'm going with the daily chart But we'll look at an intraday chart just to get a feel for what's going on But nonetheless right now and just profile in 109 47 is the number But let's go take a look at what's going on on the daily time frame out here So the daily time frame as we open this up Um is traded as we know trading below the bottom of its daily profiles 109 25 Is where coffee broke out its most recent breakout level that's using the td9 count Areas now we can also see that today is going to be bar number eight of a potential of a potential td set up a nine count pattern Uh tomorrow needs to confirm that means tomorrow's close would need to be below bar number five Which is right around well, I'll give you the exact number out there one 18 25 And even a lower low and now remember on a td9 count it could be bars eight that makes a low Bar nine this we're talking about price moving lower or the day following bar nine So it might not be until wednesday when you want to or thursday When you might want to take a look at getting into that cup of joe out here at least based upon this pattern Ideally you'd see a td9 count form above 109 25 out there And uh, so that's for the daily time frame chart. Let's go look at the weekly chart out here the weekly that says Hey price might pull back to 109 47. What was this number? I had 109 25 so there's a really good range for you 109 27 to 109 45 now, let's take a look at the weekly time frame chart out here And uh, I drew this pattern in during the break and we can see a nice little butterfly Cell pattern that was forming on a weekly basis for the march coffee futures contract And let me get rid of that pattern you can see that out there What you're also going to see is a td set up nine count top So remember we're looking at the daily time frame chart So I'm glad that you wrote in asking this because here we can see how this pattern can work It doesn't work all the time But most when it does for me start to pay attention Well in the case of coffee it topped on bar number eight Hey, maybe on the daily chart, it's going to bottom on bar number eight and this I don't know I don't control what we don't like here from a bullish standpoint You wanted to buy coffee is a mere fact that on friday Price closed below steve's greenland one 20 46 and with this topping signal remember how we talk about when you get a Topping signal sellers should be able to push price back to support. So it's important to find support So now we're going to go back to that weekly profile When I say go back to it that's going to be the number where I would say price would be targeting If price gets below that well, you're looking at 97 05 Those are the two key support areas here as I minimize that the screen you'll see again see 109 47 so it looks to me like that is where Coffee is headed to and there was also an a to b equal cd down pattern, right? Sure, there was If we take a look at it, this will give us a so this could also be set it up a a gertley buy pattern Now i'm just going to throw in the the a to b equal cd to the downside see where we're at here So today is below the one to one level one 1.272 is 112 32 the 1618 is 106 24 25 So what you're really also looking for is some type of bullish reversal candle to confirm this pattern That is not present at the moment. I'm looking at the monthly chart Doesn't provide you or I with any information. So my answer With regard to getting into a coffee at this stage. Oh, I did say I would look at the short-term charts for you Because you didn't tell me the time frame is to keep those keep the uh How do I say it? No, not just yet Now if you were a short-term trader, well, that's a different scenario out here And by short term if I just look at a 30 minute time frame chart out here I can see an a to b equal cd to the downside. I can see a hammer candle right now with java What coffee is trying to do is take on steve's red line because it's above that expect a bounce up into the 1685 area, that's its td 9 count breakdown level lastly out here 240 minute the 4 hour time frame chart. Let's go take a look at it price is pushing lower Doing a with less relative energy. You can see an a to b equal cd to the downside But what I would not do is enter into a long trade until we see a close above steve's red line right now That's printed at 1668 hope that helps out with uh coffee now. Let's go out to a ron in denver ron Thanks for calling. Thanks for holding. How are you today? Do we have ron? Ron you there ron hello So we must have lost ron unfortunately But uh, he did uh indicate that he wanted to take a look at amaran corp out here Uh, ron if you're listening you want to call back feel free to do so. I'll take a look at this Don't know which direction it is you're looking at doesn't really matter Let's just take a look at what the market is telling us is the direction or potential direction Now we can see here that price is trading below its daily bottom of its bullish structured profile It's been below that for two four five trading sessions now and today was a test of that level 2061 so far it's acted as resistance that's suggesting to you and I that price wants to move lower now We'll lower to where we'll price above the weekly profile 1928 and so that's a key level of support Close below 1928 for two bars neural boy. That would suggest lower price 1496 1712 something along those lines, but let me pull over the daily time frame chart See what we can see here. Uh, you can see that looks to me like well if there's a close below the uh So this the daily chart is suggesting you and I that I want to move lower, right? Well, I say right you're you're kind of like what do you mean, right? Okay, so if you take a look at today's action We saw how price tested rejected the bottom of its daily profile Now we can also see that intraday what it also did was a tested stevie's green line and rejected that level Needs to close above stevie's green line to say maybe the bottom is over now. There is a hammer candle Hammer candle from about four trading sessions ago. Let's go take a look at that the exact day out here You're going to be watching january 9 because if price closes below that candle session Well, then you've got an a to b equal cd to the downside that a to b equal cd to the downside Looks something like this it formed a really nice top on that daily basis with that roads Momentum a signal generated by that bearish engulfing candle or triggered by that bearish engulfing candle You're one to one would take into the 1609 level 1469 1609 that's what looks like to me ron and taking a look at ticker symbol am rn See roads with watch that hammer candle You're right 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 roads 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 and p 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into One of the best at what I do sign up for mastering probability today By clicking on the newsletter tab on the home page of tfnn.com and get immediate access to workshops Where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of lease resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of lease resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now tfnn is excited about our new software charting program the art of timing the trade chart In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups Including guard lease abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks 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 The next question coming in from tim m tim writes in steve Does it look like softbank and that ticker symbol folks is sf t by Does it look like softbank has bottomed? So what is a good entry point? Well if we take a look at the chart here Um, yeah, I'd say it's it's at least bottom, but now the question is is it topping right? We've got soft bottom for this or it isn't but we'll go look at the charts out here So you've got softbank right now pretty to 22 56. It's above It's a daily profile 21 54 was resistance above the weekly profile Close above the weekly profile five weeks ago at 2021. Uh, so that says okay. I don't have any market profile resistance So we go look at the monthly time frame monthly time frame shows 24 29 Is the center of its bearish structure box out there? So that may be a target out here You're asking. What's a good entry point? Well, now this is like a runaway train out here So you'd have to be playing a momentum move But let's pull over the daily time frame chart see what this suggests timmy this suggests to you to be cautious Be careful out here. Um, you know, it's it's got a nice run We can see an a to b equal cd pattern out here We can see prices moving higher doing less relative energy by the way when it made its bottom Which was back on october 26 It was the 29th that confirmed that signal that roads move the indicator was confirmed with that rising Window that gap to the upside on october the 30th. So that was really your bottom Which would have given you a price projection of its breakdown area 21 33 That is where price kind of stalled for about a week or so Prices above that level if it can't continue rising though tim and break through this uh rmi signal out here 26 59 would be the target. You're gonna ask me. What's a uh, what's an entry price? Well, you have to go steve's green line right now pull back up to 21 94 But I would prefer not to see the roads with the indicator signal present Um, I'm trying to buy a test of support being steve's green line So I think you've got to be careful here Well average through range is 39 cents over the last 10 days in case you do want to take that trade Uh, I can see my weekly charts not giving me a whole lot of information But the monthly is so let's pull the monthly chart over here in the monthly time frame chart What do we see we see the prices run right up? So if this is only a countertrend rally Inside of soft bank tim the now in essence is a time. I'm not referring to 132 in the afternoon on january 13th. I'm just kind of using now as a relative But but basically about now give or take right you've got the daily chart Moving up with less relative strength out there. We saw that pattern Here we can see that price uh, it's got a nice roge went to indicator top that bearish engulfing candle out there Now if this is only a counter trend rallying soft bank You can see prices basically in the vicinity of steve's green line and it'll end somewhere in this vicinity So I would say based upon those two factors. You've got to keep the powder dry The only way to really play a breakout is to see a clear Break above. I don't have the exact number. We'll call a 20 Man, I should give you the exact number. I can do it. I was just being lazy. Sorry about that Don't let that happen again. The exact number was 22 61 That was going to get 22 60 So you really need to see that level cleared The price to stay above that in my opinion to take any kind of momentum trade. So tim I hope that helps you out with regard to ticker symbol sf t b Why we've got a request to go take a look at ccj as opposed to ccr I'd prefer to go take a look at ccr play some nice tunes out there. Wouldn't that be cool? Well, let's go take a look at consolidated coal resources. That's what cc I put cc. I was thinking I know you asked for ccj. I'm talking ccr You know, this is the whole idea of And you're gonna say the whole idea of what? This is the whole this is the whole idea when you're driving That your steering wheel is gonna go where you're looking that I can see in my mind I was apparently looking at ccr Even though I thought I was typing ccj because I'd mentioned it. You know what? I mean the mind is an amazing thing But the question was what what was the question? What was the question with regard to ccj? Do you see any signs of a bottom in ccj? Well, let's go take a look at it right now price is trading above the top of its daily profile You don't see a center of that box on the daily time frame because it was at the bottom Which says strong support at that 869 area price now above the top not above the top of the weekly profile So here you've got resistance at 929. It's in between the profiles on the monthly time frame charts. Let's go take a look at Chemical that is a commico right commico. I am a comedian ccj out there But let's go take a look at it. The question was do we see a bottom out here? You know In essence, we do we see a td9 count bottom right back here And then we see this top with a td set up nine count peak Yeah, you might show up one of these days instead of being peak D You might be td9 for all and you might have you might have multiple aliases out there You can't just can't just keep it all for the peaks out here But in any event you got a td9 count top amazing how that works and what does price do all right? Topping signal supposed to send price back to support. It did Go ahead and push it back to support. What was support 862? so There you go as gus and my big fat greek wedding would say so it looks like you've got a bottom out here price was pushed back to support It held it And now the question is what's it going to do could just be consolidating You know with nine in the 930s or so being the top of that consolidation It is a bottom. There's no reason why this can't go ahead and make a move to 980. That's its breakdown level out here So that could be the consolidation between 860 and 980. Let's go look at the weekly time frame chart See what we can see out here. Remember, we've also got 929 as a resistance level now if we take a look at ccj Yeah, touchdown that would work. If we take a look at ccj. Look, uh, the weekly chart 887 Was a support area and prices rate above 886 devi's green line the oscillator and change line It's not like this is overly bullish, but you were asking the simple question See what does it look like at bottom? We saw price held the bottom of support now just like, uh, we were looking at in The instrument before Uh here In the monthly chart for ccj, you know, steve's red line is really just knocked the schnockers out of this Whatever schnocker is it's been knocked out of the monthly time frame chart. Look how that is really acted as resistance Now, I'm going to give you what that value is on a monthly basis if this thing is really going to Begin moving you need to see a close above that level that level right now is 913 913 is the uh number out there So you asked if it's bottomed it has it's just got this little resistance area And maybe it's trading in a consolidation, but to answer your question, which I just going to beat a dead horse Yeah, uh, we see the bottom. It's very clear in its evidence now. The question is, you know, where does it run to Out here, uh, okay. Let's go see if we've got any other requests out there Uh, yep hector and the fuel injectors. He wants to get in on this game too. Hector wants to look at He's got sb ux at starbucks at coffee talk about coffee must have put him in the mood What is the question out here if coffee could sure headed south and starbucks must be headed north Well, let's go take a look at it Right now it is headed north At least today it's trading up at 91 44. It is above the top of that daily profile out there So we've got to go find its next level of resistance. Well, when we do that It's not the weekly time frame chart because price is above the top of that box and on the monthly chart Price is above the top of that box. So this is task market rolls out profiles. They're just not going to help us Not at least answering the question. Hey, where is starbucks headed to? So let's go look at the daily time frame chart using stevie's other tool See what we can see out here and there you go So you got to love this take a look at the nice bottom of this form nice rogement of indicator bottom, right Here it is. I say right you say wrong Either way, it was rogement of indicator bottom nice bullish reversal candles at that point And if I were going to ask you, what's the ultimate outcome for starbucks? Where is it going to trade to at that bottom? You would have said 91 77. What's the high today? 91 72 So starbucks got a little bit of resistance. We'll be right back 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 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 1550 per year Or 6200 over the four-year period that same $50,000 investment in the tiger first mortgage program Would you give you 3500 per year or 14 000 over the four years? What should you prefer 6200 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 must have for every trader Looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get that competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run it course trade labu or labd Directions daily s and p biotech three times bull and bear etfs 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 chairs to obtain a prospectus or summary prospectus Please contact direction chairs at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv for the latest market information Welcome back folks. That does up 47 s and p is up 16 Let's go to our next question next. Oh, we were still talking about starbucks with hector So the daily time frame hector right now We know that what starbucks is dealing with is is a level of resistance that last broke down 91 77 I don't see a topping signal Other than prices dealing with resistance now It could be the end of the run here for starbucks. If not, and there's a close above 91 77 96 96 would become the next price target from its daily time frame standpoint Let's go take a quick peek here at the weekly see what the weekly chart shows us for starbucks Is going to show us that prices above steve's green line at 90 55 This is going to be bar number eight or looks like it may be bar number eight of a td set up nine count Is that important to starbucks? Well, the last high was a td set up nine count happened to come on bar number eight The last bottom was a td set up nine count. It was the bar after bar number nine That's working right now. So I would say if you know use it until you you know if it keeps working Keep using it so to speak out here. So this would say starbucks could be Could be the high this week Could be the high next week. It could be the high the following week out there and if that occurs There is a nine count. We won't know if there is we need the weeks to play out here below 97 21 Which is its price target? That's its breakdown level That could be the extent of the move for starbucks. So watch the daily resistance level above that and the weekly is supporting Uh a continued move higher and if we look at the monthly time frame chart the monthly time frame chart for starbucks tells us what Um tells us that as long as price remains above 87 44 This thing is a bullish. So yeah if starbucks should continue to head north regardless of what coffee does out there But first it must clear that weekly resistance area and that was in the Area of 91 77. Thanks for writing in joe pesce writes in and uh, no it wasn't joe It says uh, but it but but but this individual will know where I got that from. This is uh jt Now where they're possibly well j would be for joe. How about that? And I was just looking at your email address out there, but jt writes in says uh mj And i'm assuming that is not michael jordan, but instead they uh pot etf out here So let's go ahead and get that up alternative energy or some energy or what is it an alternative alternative harvest out there That's what's up on the screen and mj wants to know mj has a wide Wide price spring today most certainly does at what price would you go long? I would have gone long this morning. That's an easy one, right? Now, uh, let's go take a look at it. So here's what we know about alternative harvest It's really been well, there's a brand new well profile began yesterday at latinia friday Out there brand new daily one and prices above that which is 1687. So that's that's good. That's nice for you You know what let's just let's just get to the straight scoop out here with regard to alternative harvest You know, it's got a very valid bottoming pattern out here I have tried this trade myself Uh, and it's got that rogement of indicator bottom that formed by november 20th nice piercing candle gaps So I didn't really gap up the next day out there But uh in and uh, you know this morning was just testing steve's red line at 16 30 so you're really in the range jt if you are looking to take a position develop a position Inside of alternative harvest and you know in this area Is the is the range, you know, preferably you'd like to buy it down towards the 16 13 area The bottom of that daily box and price above the top of the daily box So that could be you know, adios sayonara and that would say a pullback to 1687 Could be it uh for you. Uh, let me look at the uh, the weekly chart out here for alternative harvest What do we have here? You've also got a rogement of indicator bottom So this is truly trying to bottom out here. It just can't find any energy Right. It's just really not I mean when we go back to this daily time frame chart, you actually see Lower highs this has yet to make higher highs And in in essence jt. That's really one of the first things that you need to be looking for so Trying to form a bottom But it just simply can't get out of its own way out here the monthly time frame chart Have we just started january? Well, that's in bar number nine on a monthly basis Out here. So we know how those TD nines work But of course that low could take place next month the bar after bar number nine Don't pay attention to the fact that this month says that it's a hammer candle because this month is not over It's only a hammer candle through january 13th out there. So jt You got the sideways range 16 13 to 16 87 is really the area if you want to begin a position There so I hope that helps you out. Thanks so much for writing in no other questions. So Let's just that's it end of the show. I'm just kidding you. Let's take a surfer round out here To the extent that j is listening. I don't know if that's the case or not Jay, there is a new profile that the espany is attempting to form now If you look at this chart here that's got my daily and weekly profiles for the es the nq the ym The rty the russell 2000 out here. You're only going to see a new profile. It's attempting to form in the espany Let's go ahead and expand this out. So there's potential new factors when I say potential I mean potential. Why do I mean potential because I'm using steve's advanced doppler tool out here And this profile may not take shape now. Let me do this here. Let me go ahead and turn it off price It makes a little bit easier to see I don't want to get rid of that 2019 high at 32 54 and I might have to just to Might have to shut it down just for a moment Where's that? Oh, I won't let me turn that off unless I got price on there. We go now I can turn it off now. I can turn it off. There we go. So you can take a look at this profile The top of that box is 32 87 The center is at 32 55 the bottom at 32 12 now you can see That this is a bearish structured profile out there Bearish in structure because the center is closer to the top and proximity to the top versus the bottom out here But jade this profile has been attempting to form ever since last night and it has changed This is the third. This is the third iteration of it. So it's not like it's solid It's solid as of 148 in the afternoon and if price stopped right now fairly good chance that it would take hold But so so we'll have to really come back and take a look at it But the numbers we know where the numbers support resistance where buyers and sellers Are trying to line up And the buyers are trying to line up around 32 12 and the sellers around 32 87 So let's go ahead and turn price back on inside the es mini out here And what did price do today? It got up to a high of 32 84 50 pretty darn close to 32 87 So remember we began to show we were looking at the es mini for its 30 minute time frame chart And then the 30 minute time frame chart I said hey now we can see the bottom that formed on friday nice three drive to a bottom Confirm with that hammer candle out here Then price runs all the way up into resistance 32 84 that's its breakdown level And uh, so so there's a resistance not necessarily at top, but if if this was just a counter trend move Based on friday's candle formation out there Then that would be it. Well, now you've got that along with the potential top of a profile But here j we know how to play this right because if there's a close above 32 87 Hey, you'd want to be out of dodge. That's if you were in the shorts so to speak out there So a potential profile that is forming watch that 32 87 level But it is subject to change because I've seen it happen in front of my eyes This is now the third as I said the third iteration No new profiles attempting to form inside the nq or the a dow as we speak right now Uh, mr. Bill, thanks for that. So you got nearly a 1% Expense ratio inside that alternative energy. So somebody's making money. It's been mr. Bill Someone's got to pay for the munchies That's got to be what it's for isn't it? Maybe a little cottonmouth something along those lines Steve wrote TF and then Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion Well, 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 TF and n dot 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 TF and n dot com The whole market has taken off top side in a large way in 2020 If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report took profits and four of its equities in the gold portfolio in the first week of january for a combined profit of 99.2 with two positions left in the portfolio that have a profit of 67.5 percent as of january 7th 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 published a gold report with coverage of gold silver bonds the xAU 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 TF and n dot com don't miss out on the next great gold trade sign up today You know, what's cool taking something that's good for you Something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Niko our 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 daily nutrition It includes a special blend of ionic soil based vitamins minerals badi 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've been called miracle molecules because like sunlight air and water life cannot exist without them That's right page. 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 page of living a primal lifestyle buy it today For just 89 dollars 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 43 s and p 16 nazdex is up 84 points out there No questions in so let's go take a look at this surf around Take a look at some of the other instruments that we have missed here Uh, I gotta find my cursor. There we go. Let's go take a look. Goldilocks is back 10 bucks right now If we take a look at uh gold see how it's trading in All the major currencies Lower in terms of dollars in terms of euros now lower in terms of yen as well as pounds slightly So where is gold pulling back to well potentially 15 32 to 15 22 From a profile standpoint but before that What price is doing Looks like for another day out here Uh, I had already done that earlier this morning. This testing steve's green line. Let me give you that exact number That as we speak right now is 15 48 15 48 40 if price closed below 15 48 40 that's going to signal to us a further retracement Now you can see that this here is topped with wave number seven. That's letter g td9 count top as well So what sellers have done is what they were supposed to do which is push price back to support Well, the first level of support has been tested. This is the third day in a row out here But if price closed below that level of support then sellers will have really exerted their energy And that would suggest pushing price back to the bottom of the daily profiles and that would be 15 32 to 15 22 We take like a gold on a little bit larger view. Here's a monthly time frame chart Here's what we're going to see the geopolitical spike high ran right into resistance at that 1601 level That was its monthly horizontal trading range 15 61 is its weekly horizontal trading range prices tested that Several times it first tried to get above that back in august of this year Uh, I tried that in september of uh, i'm sorry not this year last year. Obviously, it's january It tried it again. Obviously last week and it failed to hold 15 61 So as you take a look at this chart here as we leave as we leave you I leave you with this question. Where do you think the price of gold is headed to? 1462 1493 Yep, that's where it's headed to the bottom of that horizontal trading range the weekly and the monthly folks Stay tuned. David waits up next time. We'll try to take us home and I'll see you on terrific Tuesday Go tigers. Just figure out which one