 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning folks. Welcome to the January 18th. The terrific Thursday edition of today's Trader's Edge show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us. Not to us. That's right. When you and I make that one little two by four shift, it means we can find the gift and every set of circumstance at life is going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this during this next 53 minutes, I'm here to serve you. So feel free to pick up that phone, dial on in at 877-927-6648. Now if you've got a question, but you can't call in, we've got you covered. You can always send me an email, send that off to Steve at tfn.com and inside the subject heading, please put radio show question. Now if you're inside our Tigers, then well then any in every 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 the show. Right now we've got a mixed bag out there. The mix goes like this is dollars down 72. The S&P is up 16 and the NASDAQ's up 177. The Russell's down about two points. Some eyes are up 117. Trendy's up 75. New York Stock Exchange trading down 18. Gold's up 9. Silver's up 7 pennies. Light's recruit is up 75 cents. Natural gas is back 12 pennies. 30-year treasury printed out at 120-06. That's off 12 ticks. We take a look at the leaders in the clubhouse. You got Granger W.W. 35 points. The upside Broadcom 35 points. That's a 3% move. Lamb Research 30 bucks. That's a 4% move. KLA Corp. 4.5% move. Asmil Holdings 2.5% or 17-buckeroonies. To the downside, it is Humana. 51 bucks. 11% United Health. 16 bucks. 3% Elevance Health. 15 bucks. 3% Synopsis. 12 bucks. 2.3. 10th percent Molina Healthcare. 11 bucks. 2.7. 10th percent out there. That healthcare sector. Getting the schnocker kicked out of it. But I want to look at what you want to look at. So what do you want to look at? Well, let's go do this here. First, what's going on inside the market? We talked about this yesterday. Let's talk about it today. That's at New York Stock Exchange at Advanced Decline Oscillator. That is panel number three. Again, the Advanced Decline Oscillator is nothing more than the difference between the 19 and the 39 period exponential moving average of the Advanced Decline Line. That happens to be shown up here as well. That's in panel number two. Now, when that indicator gets below minus 150, we get into oversold territory. You can see I've got the minus 150, even the minus 250 level out here, and I got a plus 150. When you get above plus 150, that tells you we are in overbought condition out here. Well, right now we're dealing with the oversold condition. What you and I don't know just yet is, is this oversold condition going to get worked off by creating a divergence pattern. Let's see, the most recent divergence pattern came at the lows out here back in October. And what we saw taking place there is we saw the Advanced Decline Oscillator make its lowest reading during that time period on October 23. Not lowest reading overall, but during this cycle of getting back to that 150 level out there. And then what we saw was a serious price continue to move lower, and then we had the Advanced Decline Oscillator making higher lows out there. That's the type of divergence we'd go back to the one prior to that, that would take us into the bottom that formed in August out there. Other times, we can come back and take, like when you get down to the minus 150 level, we just simply take off topside. And that, for example, that was back in July of 2021. We take a look at that. We even had where the SpotBall Etudex was above its 50-day exponents moving. That's a very bottom panel that I have on my chart out here. So usually that oversold condition either gets worked off by a straight shot moving to the upside, or you get a divergence. Now, at 11.10 in the morning, it's still pretty early, right? We're only a couple hours into the session, not even two hours into the trading session here. Right now, it's signaling to me that this will be more of a divergence. Why? Because you get a price that's actually taken a little bit lower out here with a little bit of a little fish hook, so to speak, that's forming. That's forming. It looks like on the advanced client oscillator. But time will tell, days end at the end of the day. But what's important to understand is we are in the oversold market condition. Now, it's also important to understand that that SpotBall Etudex is below its 50-day exponential moving average. The bottom panel of the screen is a SpotBall Etudex. That red line is the 50-day exponential moving average. What this shows us is how the S&P 500 generally responds when prices above or below the 50-day exponential moving average. Right now, we are above it. In essence, that would require me to put a little bit of a red box. I don't know how long we will be in this condition. But if, in fact, the SpotBall Etudex, because we're still here, we can easily call, or Stevie can easily call, the rally that we're seeing, nothing more than just that oversold condition trying to be worked up. It could mean something different if that SpotBall Etudex were to close below the 50-day exponential moving average. The 50-day, as we speak right now, is printed at $13.72. Price is trading at, where is it, at $14.37. So $13.72 is the 50-day exponential moving average. That would be the level to watch out there. Now, that's what's going on with regard to, with regard to at least this morning's rally. So a question might be, let's come back and take a look at the equity futures here. And here are the daily equity futures. So what do we know? I mentioned earlier, doing the 11 a.m. update, that if, in fact, the NQ closed above $17.033.75, that is the high from a couple of days ago. The reason why that's important is because that's the high of the pattern. Yesterday was a bearish engulfing candle. There's the, what you don't see here is, there's an erosement to indicator signal that's been triggered. But we never got a bearish reversal candle on the way down to confirm that top. Well, we got that yesterday. But a close above $17.033.75 negates that signal. We'll go take a look at where the oscillator and change line is during the show. I'm sure as we take a look at some of the, some of the intraday charts for the NQ. But if we do get a close above the $17.033.75, odds favor moving back towards its all-time high, or maybe we're going to take out that all-time high. What do you mean, Stevie? Well, look, if we take a look at the ESMini right now, we've got a profile change in trend signal. We got that yesterday when price closed below. The profile that we're using on this black background chart, that's up at the $47.99. $50-ish or $75 level. We've got a profile change in trend inside the Dow. That would suggest moving back towards $36.987. That happens to be the bottom of its weekly profile. There's an A to B equal CD to the downside inside of the Russell that gives us a one-to-one price projection of $1804. Remember, the oversold condition has got to be worked off. That's going to take place over the course of the next several days. Maybe it takes a week or so for that condition to work itself off. This is the Equity Future Contract, it's a daily timeframe in U.S. dollars. I have been, certainly over the last few weeks out here. Periodically, I brought this up. I kind of was somewhat aggressive about, I don't know what the right word to use this out here. It's so important to understand how these markets are trading in other major currencies. In fact, I've created this chart here for you. Here are the Equity Future Contracts. You can see them. You can study this during the breakout here in Yen, British Pounds and Euros. Steve Rhodes with TFNN. We'll be right back. 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Internationally at 727-873-7618. So I've got this chart out here for you, for us and so forth. Yesterday at the very end of the show, I was trying to answer a question. I only had just a few seconds out there. The question came from John or Zee inside the Tiger's Den. His question is, do I see the high that came in at the end of the year being a significant tie? My response was, no, I don't see it being a significant high. And the reason is because of how the indices, the Dow, the S&P, the NASDAQ, how they are trading in other currencies. We cannot be myopic. We need to understand what's going on across the globe to get a better idea. What I can guarantee is if we go take a look at charts out here, whether it's the S&P or the futures contracts, is when we have significant declines, it's moving lower. Those instruments are moving lower in all the major currencies out here. That is not the condition that we have today on January 18th. We've been talking about the NQ. I'll just stay with the NQ. Do you know? Did you know the NQ is at a new all-time high today? It was a new all-time high yesterday, but a new all-time high today in terms of yen. So if you're sitting over in Japan right now, are you really thinking about shorting the NASDAQ? Those folks are buyers, just as the people that are over in the UK are. We are at a new all-time high today in British Pounds. We are at a new all-time high today in terms of euros. And the NQ, so that says to me that the NQ is very likely going to go at least target our all-time high, if not go ahead and take it out, just like it has in all these major currencies. I would say the latter is more likely that we are going to see a new all-time high inside of the NQ. I'm not saying that it's going to be today, and we're going to go take a look at its charts and what's going on in the inter-day basis out there to help us out. If we take a look at the S&P 500 or the ES mini, that's your top row out there. We're at a new all-time high in terms of yen. We're not a new all-time high in terms of British Pound. The cool thing was I was able to get the profiles to actually work here. So we are at breakout. Although we're not a new all-time high in terms of euros, we are trading above resistance the top of its barestructured profile out there. So that is a bullish signal. In terms of yen, we're at a new all-time high today in terms of the Dow. In terms of Pound's euros or the US dollar index. So this is so important to take a look at. What we were looking at yesterday was the S&P 500 priced in all of these other currencies out here. So Australian dollars as an example, those people that are shorting the S&P 500, I'm not saying don't, but I'm saying be aware that if you're taking a look at traders that are over in Australia, the folks that are watching the Australian open right now, those people are buyers. We're at a new all-time high, the S&P 500, in terms of Aussie dollars, same thing with regard to yen. Same thing with regard to euros out there. We're not a new all-time high in terms of US dollars out there, but we will be. We don't make new all-time highs in the S&P 500 in other major currencies and then not do it inside our own currency out there. At least I haven't been able to find that instance out there. So we need to understand globally what's going on with these markets out here. We also want to understand how is price trading, for example, in relationship to the 2023 highs out there. I think I've got a chart like that. Yeah, I've got this chart. Now, this chart here shows many of the more significant ETF structures that can be used internationally out there. And when you trade above the 2023 high, that's a bullish condition. Now, you want to go back to those ETFs and see if there's any kind of topping signals or not. But for example, in India right now, India is trading above, just trading above its 2023 high. Who else is trading above the 2023 high out here? Japan, the EWJ, is trading above its 2023 high. So those are also, as well as you start trading below the 2023 low out there, that's a bad scene. I think it might have been China. We might have been looking at that yesterday. I don't see that on this chart out here. But anyway, so just make sure that we understand what's going on with regard to these indices across the globe out there. And you want to do this most certainly with gold. You want to do this with, because you want to understand the buyers and sellers out there. So now let's go take a look at those NQ charts. Let's go ahead and change screens. Let's take a look at what's going on from an intraday standpoint with regard to the NQ. So now we've got the daily timeframe, upper left, we are starting to trade above its green oscillator and change line. And we're above the profile. We've already established that. And if we close the day above that green oscillator and change line, 17072 is the print on that. That is a bullish signal. And we go ahead and we make a move towards that all-time high, very likely at least take it out. May just be poke above it. But we most certainly would let, oh, I did, you're not seeing it. Here you go. Now you should see the white background charts. Thank you, Mr. Bill. So here is in the upper left-hand corner is what I'm referring to out here. And if we take a look at it, you can see it's just looking at the five-hour timeframe chart. Price is going to negate a TD9 count breakdown level at 70, 28, 50. Now this scandal here doesn't complete until 2 p.m. It's only 11.30. If at 2 p.m. price is above that, 17.08, 28.50, that is a bullish signal for the five-hour timeframe chart. The four-hour timeframe chart is already bullish because price is above the top of its profile. There's no other resistance to know their pattern signal to worry about. Same with the two-hour timeframe chart, negated a TD9 count top. That says it's got a strong upward momentum move that is underway right now. I would say do not short the NQ. And then you kind of have to ask yourself the question, should you really be shorting the S&P or the Dow or even the Russell if the NQ is going to lead things higher out there? Well, you've got a 60-minute negated TD9 count top. Now if we take a look at that 30-minute timeframe chart out there, it negated its TD9 count top. It's got a Rosemont Dominicator signal, but that requires a bearish reversal candle to confirm that short-term top. No topping signal in the 15-minute. No topping signal on the 10-minute chart either. So with regard to the NQ, we already took a look at it with regard to what it's doing in other currencies. We're taking a look at now just the U.S. dollar index. Now I'm not saying that if we go take a look at the other equity future contracts, that they're going to go ahead and match us. In fact, let's just for the last two minutes now we'll go immediately into the request out there. Let's just go throw up the chart for the ESMini. I'm going to do an I out here. Remember, you've also got the, well, I haven't really taken a look at the socks out there, but I think there was a request to take a look at the SMH. So let me put that down on my screen out there. And we'll certainly take a look at that and see where that's trading, which is I believe is at a new all-time hype. I'm not mistaken. But here we take a look at the ESMini. The difference between this daily chart and the one on my black background screen is here we're just consolidating with inside of profile levels. This is still populating. This is the CDTF side. Okay, now that we've got a pipeline. So you've got a 10-minute, a 5-hour, TD9 count bottom. Price is trading with inside is bullish structured profile. It's above the centerline of that. This tells you and I that what it wants to do is go target 480880. Can't do that, but 4808 to 4815. If we look at the 240-minute time frame chart, it's got to confirm by the D point pattern within profile. It's also bullish structured. 4808 is its price target. It's a 20-minute time frame chart. What do we have out here? Price is taking on its breakdown resistance level at 4,700.75. On a 2-hour chart, this is going to close at 12 noon. If price closed at 12 noon about 4,700.75, it's saying don't be short. The 60-minute chart has a TD9 count top. So if you are short, okay, and then you're trading on a 60-minute time frame, I get it, I understand that. Recognize that TD9 count top also took place at 4,796.75. But if we get it closed above that TD9 count high and that level, and this is what you'd be watching, is 4,797.50. You get a close above that on an hourly basis. This is telling us that the ESMini is headed higher out there. No topping pattern on the 30-minute time frame chart. We have a TD9 count top on the 10-minute chart, or 15-minute chart, I should say. That gets negated with a close above 4,793. And in the case of the 10-minute chart, its pattern would get negated with a close above 4,797.50 out there. Steve Rollins with TFNL. We're going to take a TSM Cybers, CFLT, BAC, Smuckers, and the SMHs. We'll get back to this break. You have to practice, sure. But you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV. Live every market day from 8.30am to 4pm eastern. For free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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Interact with other Tigers and Tigris' as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To stay and become a part of this educational community of traders, just visit the front page of TFNN.com. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Two symbols here. The first one's going to be Taiwan Semiconductor. This is for Roger. Roger's been in this for a while and this week's price action, that is for sure. Now, if we take a look at my screens out here, I want you to focus first on the weekly and the monthly timeframe chart. You've been in this for a while, so you're more of an intermediate-term time trader out there and this week, basically tomorrow, a price closes above $1,1069. First, there's 74 million shares that traded that day. Taiwan Semiconductor yesterday did about 28 million shares, 17 million shares a day before, and this may take out that and that would be the B point of an A to B equal CD. Well, first, if you close above $1,1069, you're going to trigger an A to B equal CD pattern to the upside period. If you get it with volume, well, then you're going to have a confirmed A to B equal CD. Now, that price projection level will get you to $135.28. That's the same A to B equal CD pattern that we would get out here on the monthly timeframe. In essence, it's using that same set of swing points, the TD9 account bottom from November of 2022, that came in in June of 2023, and then you're using the low of September of 2023. Now, that one-to-one, as I mentioned, gets us up to $135.28. That $128.66 is going to be what I see as your next resistance level. That happens to be the week or the monthly TD9 account breakdown resistance level. But Taiwan Semiconductor, no topping signal in the daily. You're negating topping signals on the weekly. No topping signal on the monthly. Taiwan Semiconductor, Roger, looks like it's going to work out for you, just at this stage of the game out here. Let's go take a look at your next request. The next request was to take a look at CYBR that is cyber out there. Folks, you obviously needed me to tell you that, but it's cyberarch software. Cyberarch software is training a new all-time high as we speak today. Now, in this case here, today is going to form bar number 8, Roger. That says you could get at least a short-term top between today and Tuesday of next week. Bar number, the TD9 account pattern can top on bars 8, 9 to the bar, following 9. Now, one of those bars has to be the high of the pattern. It doesn't have to be a closing high. It just has to be a tick high out there. So, you could be getting a TD9 account top anywhere between today and Tuesday. A price would have to close below that oscillator and change line to get your interest out there. That's currently printed at $227.90. In other words, if price doesn't close below that, just pull us back and test it. The reason why I suggested that in Cyberarch, it would just be a short-term top that could form out here is because the weekly has negated or has negated as TD9 account top. So, that suggests that it wants higher price. Now, that's the weekly timeframe chart, where this gets a little bit more confusing, Roger, and sorry about that. I'll just apologize. The head of time is on a monthly basis. You're going to go ahead and complete bar number 9 of a TD9 account. You also have a Roadsman Dominicator signal that is present. But again, remember, it can be the bar following bar number 9 or 5's that top. So, the weekly chart says to me, price wants to continue to move higher. The monthly chart says be aware of a topping pattern that could form between this month and next month out there in February out there. And the daily timeframe just says a caution signal. So, of the two, Taiwan Semiconductor looks a little bit better, but this still looks good, and I would stay with this trade at least at the moment. So, Roger, I hope that that helped you out. And thank you so much for your request. Duncan, Steve inside the Tiger's Den would like to take a look at CFLT. And as we take a look at this, this is trading out right now at 2162 CFLT Oops, hold on a second. CFLT is taking on its bullish structured daily profile support level out there. And that is with the support level inside of CFLT. Stevo is between the price range of 2164 and 2195. Now, price is also trading into a swing point. That's a little swing point that formed out here on January the 4th. Now that swing point had volume of 3.8 million shares. You've done 1.3 million in the first two hours of trading. So you're pulling into that swing point with similar volume. If price were to close below 2132, you would trigger an A to B equal CD to the downside pattern out here. Now let me just, on my other screen, just want to see what that retracement level would be of that pattern out there. And that's really, that would be the small A to B equal CD. I might have to pull this chart back just a tad lower. But what was that retracement? I think that was a 0.382 was 37.2% retracement out there. The reason why no, so that would, you'd have a small A to B equal CD, a price close below 2132. So that's what I'd be watching there, Duncan. And that would give you an initial price projection of 1850. We can see that the weekly chart price ran into resistance at Saucer and Chainsline. And right now it's currently printing below the top of that profile. The top of that weekly profile is at the 2181 level. So if it closes the week below 2181, that's a signal that it wants lower price. And on a monthly basis, price is taking on profile support. That's at 2201. But it's still too early in the month to make a determination as to whether that's going to hold or not out here. So CFLT I'd watch those levels. Again, the profile level on the daily time frame, the swing point on the daily time frame, and that will give you your clue as to what it's doing. So on the daily time frame, the price point that's most important is 2132. Duncan, you also wanted to take a look at BAC out here. So let's get their charts up on our screen as we take a look at Bank of America. What do we have on a daily time frame? We don't have much. Price is pulling back into an area of potential support, and that's being this little breakout session. So this broke out with volume 60 million shares, that was on December 13th, added to it with 107 million shares on December 14th. So price is pulling back into that area. We don't have any kind of A to B equal CD to the downside pattern. Maybe what Bank of America will do is bottom with a TD-9 count bottom. That's the only potential pattern that I see at this moment in time out here, Stevo. So I'd watch for that. Now that couldn't take place until today is 6th, tomorrow will be Sunday, it will be 7th. So it will be Monday through Wednesday of next week when that potential exists. And it is a real potential out there. We've got a nice TD-9 count top on the weekly time frame, and price is pulled back and it is tested both the top of a new profile, that's at 3147, and it's oscillator and change line. They're very close to it at 3124. Now the odd thing here, and it's not really so odd, sometimes we don't get patterns on our intraday charts. Well I'm looking at a weekly chart so I consider the intraday chart intraday time frame, I really should say would be the daily time frame out there. So sometimes we may not get a bottom pattern on that daily time frame, Stevo, but we do know that price is pulling back into an area of support with lighter volume. Even yesterday's candle session here did volume of 48 million shares, again that was going into 60 as well as that 107 million shares. So this can be a bottom, having a TD-9 count weekly top and pulling back there. Now we're not going to call it a bottom right now, why wouldn't we do that? Well we'd at least need to see a close above the prior bars high, to even entertain that as an idea. Right now we're just trading with inside yesterday's bar out there. So we don't have any kind of signal like that, that the weekly support that's held is trending this thing into a daily okay, I've bottomed and I'm going to move higher out there. So until that happens we just have to sit tight, watch for those two things though Stevo. But at this stage here it looks more like I don't know what it looks like. I do know what it looks like. The question is will price break through support and I don't know that answer and so that's at 3124 level, that's the area that I would be focused on. So I hope that helped you out Duncan Steve, thank you so much for taking the time to write in and we get back to this break, we're going to take a look at Smuckers, the SMHs, XBI and of course anything else that you call in about, send me an email about steveatia.com or a ping inside the Tiger's Den if you're right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex, stocks and options. 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A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit Direction Investments.com The fund's prospectus and 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 This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Folks, so we've got all U.S. indices. Well, the exception being that is trading to the downside, but the Dow's now up 12, S&P's up 23 NASDAQ 221. Russell's up one and a half, somebody's up 13 I'm sorry, somebody's up 131 points, Tranny's up 98. We're taking smuckers out here. This is for John and Milwaukee. His question is where's the buy price and where's the sell price out here. So, you've got a TD9 count top that formed that formed on the trading day of January the 3rd. And what that has led to has led to a sideways consolidation above profile resistance out there. So, even though you've got a topping pattern your overall signal here is neutral. It would become less neutral if price were to close below $125.94. John, that's the price that you would look at because that's where a countertrend rally if price were to move lower. That's where a countertrend rally should end. That happens to be the center of its bearish structure daily profile out there. Your price did close below that. You'd be looking at $124.39 or $1202. The weekly chart for smuckers has a wave number 7 bottom. It does not have any kind of a topping pattern. Price above all profile resistance levels. It tells us that it wants to go target the $150.08 area. That happens to be its TD9 count breakdown level. But of course it's going to run into some turbulence as price approaches this little gap to the downside that formed on September 15th. That was with 15 million shares. To give an example, yesterday you went up with 5 million shares. So expect there to be turbulence. Turbulence. But I don't see any topping pattern, at least on the weekly time frame. We've covered the daily time frame. And on a monthly chart you have a TD9 count bottom. And you have a profile that is formed above price. That's a bearish signal, but that doesn't mean that price won't go target that oscillator and change line. Because that's what it should do. And what it should do is go target that $136.68 level. Let's just call it $138.88. That is likely what smuckers wants to do. But it can't do that until it takes out that TD9 count top. That TD9 count top was the high from January 3rd. And that high out there is $131.37 out there. So that's what I would be watching. Your question was where is the buy price and the sell price? So I'd have to go with $138.88 right now. Would be the potential sell price. That's again because we've got that monthly profile forming below price. So that's a significant resistance point out there. Where is the buy price? So that would potentially be a nice buy price. But we'd have to see what's going on if price were to get down there. Because we've got an inside day here. Not a whole lot of signal information out there. If you're really aggressive, your buy would be on some kind of intraday chart out there. Just for the heck of it, let me put up smuckers and let's change it over to a 30 minute time frame. From the 130 minute time frame. So let's see if there's any kind of signal information here. This did form a nice TD9 account bottom at a low out here at 2 o'clock in the afternoon. That was on January 11. So it was following along those patterns on a 30 minute basis. Here was another TD9 account that led to a nice rally that ended up getting negated and ended up eventually failing out there. So that would be the other thing to look at would be some type of intraday pattern to get you into smuckers, SJM. So hope that helped you out. Thanks so much for writing in. Again, that was John in Milwaukee, Wisconsin. I had a request to take a look at the SMH's. My apology. I did not write down who made that request out there. That's okay. We can still do it. So we take a look at the SMH's. What do we see? We're at new all-time highs today. We do not have any kind of a topping pattern on the daily time frame. Yes, it has an arrangement to indicator signal that requires a bearish reversal candle to confirm atop. We don't have that. If we take a look at the weekly time frame chart, it is in the process of potentially negating a TD9 high. It will accomplish that task with a close of the high for the week of December 29th. And that high out there is 17675. Now, what also makes that high important is the fact that that was the high for the year. Again, the high for the year inside of the SMH's 17675. That was last year. As we began the show, I had mentioned to you, when you start trading above the 2023 high, that is a bullish signal. The SMH's, they've given you a very bullish signal. Whether it's the daily time frame, whether it's the weekly time frame, whether it is the monthly time frame. That looks pretty darn good. So whoever requested the SMH's, there you go. The next request was to take a look at XBI. That's coming in from a guppy inside the Tiger's Den. Let's get over to the XBI charts out here. See what they're doing. XBI happens to be S&P Biotech ETF. And that right now, McGuppy is trading below the bottom of its bullish structure daily profile. That's an 8770. So if it has a if it does close below that, this will generate a profile change in trend signal. Now it's going to need two consecutive closes. McGuppy in order to give us that signal, we can see that we had, for example, when you close below support, it do with only one session. It's a one hit wonder. In the case of the XBI, it did that on September the 20th. Very next session right back inside those profiles and back on its way to the upside. So you'd really need two consecutive close below 8770 to suggest that you have a profile change in trend. If you do get a profile change in trend, where's its price target? Well, the price target for the daily time frame would be its breakout level. And that was at 7210. So that's what the daily time frame chart is signaling to us. How about the weekly chart? The weekly chart is going to complete a TD9 count top this week. That suggests that price should pull back to its oscillator change line. So 82 bucks is what its price target is. Remember in the daily we said the ultimate price target 7210. Right now being the 82 area, the reason it has to be area is because that's the oscillator change line and that's going to change as price moves up and down out there. The monthly chart doesn't have any real signal here or consolidation inside its profile. So McGuppy, your question was where is this headed and maybe why? Well, the why would be the bottom of that daily profile at 8770. The why of where, why this wants to get to 82 or so or lower is because of the weekly TD9 count. So you combine that with what's going on a daily time frame chart, you get a second close below the bottom of that profile tomorrow, $82 or less is where the XBI is headed. So hope I provided with that information. Where's it headed and why? And thank you so much for writing in. Nicholas writes in and he wants to take a look at AMAT. So let's go see what American Tower is doing out here. Right now it's trading I'm sorry, applied materials. Stevie, get your act together. Let's actually change over to the screen. That would be even more helpful. Now we take a look at what applied materials is doing. It is gapped up. You're getting a profile change in trend signal today because price is trading above $154.83. It looks to me like it'll close above that. You're trading above profile. You're trading above a green oscillator change line that says it wants to head higher. Head higher to where? Well $160.40 is the top of its weekly profile. And that's where the real battle is going on. Nicholas is at $160.40. If price can take that out, we likely get back to its highs out there. On a monthly time frame, price is trading into its Rosemont to Mindicator top. It's all time high. The generated volume of 203 million shares we came up to it last month with 99 million shares. So far for the month, we are at 69 million shares. So we're trading into that area with volume. Expect there to be some substantial resistance at that high. That high, by the way, right now as we speak, is up at the $167.06 area out there. So I hope that helps you out. Let's go out to, oh, let's go out to Brent in Martinez, California. Brent, we've got like about 20 seconds. If you can tell me what you're looking for, I can get those charts ready for you and come back to you. So good morning. What is it about AA that you're looking for so that I can look at that during the break? They came out to earnings yesterday after the close, and I haven't done anything yet, but I'm considering possibly a trade. I just want to know if I should. There's a gap that goes back about, you know, into December and then also a low that's back a bit further from what we're looking for. We'll get to that as soon as we come back to the break with Brent in Martinez, California. We'll be right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Look at the stock charts here for Alcoa, the Daily, the Weekly and the Monthly. This is with Brent in Martinez, California. As Brent says today, we're pulling back into that sign of strength with similar type volume out there. That's the first thing I would say. The second thing I would say is we're trading below yesterday's low, so that's a bearish signal. The third thing I would say is there's an A to B equal CD to the downside. So if we get a bearish signal, we're going to get a bearish signal. The third thing I would say is there's an A to B equal CD to the downside. So if we get a bullish reversal candle, that would confirm a buy the deep point or a currently buy pattern out there. So I'd be waiting for that. Those are the patterns that I see on the daily timeframe. We're in bar number five out here. I would say short of a bullish reversal candle price we're going to target is breakout level. That's a 2389 area. Any questions about the daily Brent before I move on to the weekly? No, I think that's it. Thank you, Steve. Perfect. On the weekly timeframe, we're going to go back to the market. We're going to go back to the market below its red oscillator and change line. If it closes below that tomorrow and that be it being 2692, that would suggest to you and I that price would get back to its buy zone. The buy zone on the weekly time frame chart is between 2492 and 2605. So that to a suggesting lower price. We are inside the monthly profile as well in the monthly profile. This would be between 2458 and 2660. No, that can't be it. 2458 and 2761. So everything that I'm looking at here, Brent, I get why you're looking to potentially buy this. I'd wait for the daily time frame to generate that buy pattern out there. I looked during the break at inter-day signals 3065, 130 and 195. The 130 and the 195 potentially could form TD-9 count patterns, but I'd wait for that daily to give us that buy signal. We've got about 15 seconds, Brent. Any questions or anything you'd like to add? Oh, just thank you so much, Steve. Steve, have a great day and have a great weekend as well. Perfect. You do that. Brent's going to have a great day and folks, I'd love you to have a great day as well. Have a terrific Thursday. I'll see you on Fantastic Friday. Take care. Be safe out there.