 Sign up today. The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes and 877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the Fantastic Friday. The May Day, the May 1 edition of today's Trader's Edge show. It's absolutely great to be with you, folks. Hope you're having a great day. And if you're not, well, why not? It's easy to. The easy formula is always to know that life is happening for us. Not to us. You know what that means? It just means we have to reframe things out there. We've just got to learn to reframe things. So life is happening for us. Now, look, it's absolutely great to be with you here. I don't just change up the opening here. But we've got a lot to get to with these markets. They're all trading lower and lots of information to be able to pass on to you. But I want you to know that, and I am grateful for your presence here. Absolutely. But more important than that, during this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, well, we've got you covered there. Do it early, which is let those fingers do the walking. Send me an email, Steve, at TFNN.com. Inside the subject heading, please put radio show question in our Tiger's Den. Well, any ping will do. So let's go ahead and get this show started on fabulous, fantastic Friday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to Lush Show. We begin the show with all the markets trading to the downside, a couple percent or more. You've got the semis that are off nearly 5% down 82 points. The Dow is off 2.3% percent, 576 points. The S&P 80, the Nasdaq 100, 273. Of course, all the key is what is it trading into? Or is it trading into anything just yet? We're going to go take a look at that. We'll take a look at the spot volatility index up 13%. $4.49 trading at 38.64. Still below its 50-day exponential moving average. Gold is up 9 bucks. Silver is up 4 pennies. Light's recruit is trading up 76 cents. Trade out at 1960, natural gas back 4 cents. And Treasury bonds basically flat the 30 years down 4 ticks. Lead the charge dollar-wise to the upside Mercado Libre of 15 bucks. Seattle genetics up 11 or 8%. Charter communications 10 bucks, 2%. To the downside, Amazon up 188 bucks. That's over 7%. Tesla down 68, over 8%. Booking holdings about 3%, 43 bucks to the downside. Google is off 30 bucks. So let's begin by taking a look at the general markets out here. I'll go ahead and start with the 30-minute. Peter had asked for that. John was also noticing that the 30-minute has a TD sequential buy, I believe, or maybe just the pattern out there, maybe not a confirmation. But we can also look at out here on the 30-minute timeframe. We can see the price is pushing lower, doing a less relative energy. Now that last bodied candle, 1 o'clock, you can see very, very small body out there. So it doesn't take much to generate a bullish reversal candle by 1 to 30. Of course, you need to see a couple of ticks to the upside. But what's really going to be key out here, Peter and everybody else, isn't the 30-minute profile right now. It's going to be Stevie's red line. Price must first clear that before the profiles will come into play. So you need to see a bullish reversal candle. And this would just be for some type of interday counter-trend rally. Then it closed above 28, 24 right now. That number is going to change a bit, but that's your basic ballpark. And then that gives you a potential setup or a run to 28, 35, the bottom of that bullish-structured profile. Now, what we all know is that there's a counter-trend rally, and it's going to stop when you've broken through a bullish-structured profile. Remember, it doesn't matter what timeframe it is that we use out here. The counter-trend rally would typically stop around the center of that profile. So your range is going to be 28, 35 to 28, 38. Should there be any bounce right now? That's what's taking place. But this is the pattern that is set up inside of the ESMini. So we'll want to keep an eye on that. Hopefully that helps you out, Peter. Let's take a look at the NQ because this is an area that we do want to focus in on. If we take a look at its 30-minute timeframe as well, we're going to see the price also pushing lower, doing it so with less relative energy out there. It too needs to generate some type of bullish reversal candle. And in its case here, 87.30 will call it probably as the Stevie's red line area on any kind of move up. That's where the NQ would need to close above to then suggest a bounce to 87.72, the bottom of its new profile. So that profile, that would be the level of resistance that I would be looking for. No confirmation at this stage of the game at 111 that any kind of counter-trend or intraday rally session is going to unfold at this stage. But the patterns are set up there. The question is, what can the bulls do from a candle standpoint as we come into the 130 timeframe? Well, obviously I have to take a look at that on a, well, I have to take a look at coming into the 2 p.m. But let's take a look, though. Why did I say the NQ was one of the areas that we need to take a look at? The reason that I said that is because what we're trying to determine today is we take a look at the NQ. Let me open up the daily timeframe chart. What you're going to see when you take a look at this chart out here is you are not going to see any type of topping signal. You can see that yesterday price made the 1 to 1.272A to B equals CD pattern. We can also see that Stevie's green line or red line, but it's green right now, is the level that the NQ is testing. It's basically about 87.05, I think. We're trading at 87.04, 75. We're trading at 87.04 or 87.05 right now. You can see it if you watch this on Tiger TV. Now, one of the reasons that I developed this tool, I don't know if you've ever had this situation, but I just wasn't able to easily determine was a retracement, just a retracement and nothing more than that, or was it something more than that? And that's really what this oscillator and change line, it does a number of things. But that's one of the aspects about it and how we use it. Now, even if price trades below at a bit during the day, that doesn't matter. It's a daily timeframe chart. It's all going to be about the close. It's just like the candle session. It's all about the close. We can call something a candle right now at 1.13 in the afternoon, bullish bearish, whatever it might be, but it doesn't really matter until the last tick trades out there. So we want to watch this. What the NQ is doing, it's trading back to a potential level of sort. Because I don't know if it's going to hold or not, but that's the reason to go take a look at the shorter-term timeframe, such as that 30-minute, to say, hey, are you trying to form some type of bottom? Now, whether it's now, whether it's at 1.32, 2.30, we'll be telling. Now, if the NQ closes below this level, of course, you know, Stevie's two-day rule out there, but we'll just stick with the one day at this stage. So price right now, no topping pattern that has formed out here because of my strict criteria. That strict type criteria came from not just me wanting to pull something out of my arse, it came from protecting my assets. And I'm here to help you protect your assets as well because I used to sell every D-point, or buy every D-point that was moving lower. And that's how you get your arse handed to you and you don't want to do that. So what we know about the NQ right now, which is the lead dog, this can help to lead things down, a close below Stevie's green line, certainly two days in a row, we'll go ahead and set up and move to 75, 35. However, however, Lee Corso is in the house right now and he's saying not so fast, Stevo. Why would Lee Corso say not so fast, Stevo? Jay will appreciate this. And that is because, isn't it great, I just get to sit here and talk to myself. He is, well, we'll have to do this when we get back to the break. I'm going to have to leave you with baited breath, but I gave you a clue. I said Jay in a Tiger's Den, I don't know if he's in the Tiger's Den or not, but he will love this next chart or set of charts that we look at. Steve Rhodes with TFNM. We'll be right back. 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. 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Begin your Den membership today by just entering open at checkout and pay nothing while you try things out for 30 days. For all the details and to start your Den membership today, visit the front page of TFNM.com. Don't miss out on the TFNM Tiger's Den open house taking place now. Sign up today. Look at the daily NQ chart again. What you're going to see out here on this chart, you're not going to see the market profiles, which we'll switch to in a moment. But a close below Stevie's green line today, it's 8705. On this chart here would suggest to move back to where the NQ had broken out. And that's at the 75-35 level out here. Now, when I talk about the markets going back to, here, I'll come back to that or I'll try to remember to come back to that. Now here, this is what Jay likes, which is, and everybody else out there too, we like to understand where, you know, where is the game? Where are buyers and sellers sitting? So last night, just as the market had opened back up, there were new profiles at form for each of the equity futures contracts. Now, when I say new, they're potentially new. I'm using my advanced Doppler tool out here. And they're always subject to a change or reformulate out here. I can't recall. It's possible that the Russell 2000 has reformulated itself since this morning. The others are pretty stable. So, Jay, I'll know this evening or certainly Sunday night if these profiles are going to hold. But they are real. Even though it's an advanced tool out here, they're absolutely real with regard to where buyers and sellers are sitting. And we can see, and I posted in the den that right now what each of us know is that that center line, that is where we have both buyers and sellers. So you can see there's a big party going on. The party at the center of the profile, that's where the ESMini is trading at. And same inside the NQ, just lightly blow it. Same for the Dao Equity Future contract out here. Now, the Russell 2000, I can't tell you R-Y out there. If I did, then I'd have to kill you. Kind of a thing. It's a special tool that I have developed out here for this specific software application. So it's just a specialized tool that I've got. And it's really nice how the way that it works, because it gives us the advanced warning that this profile is attempting to form. So at least this way, and especially at Gintre Day out here. Now, let me show you the reason why understanding these profiles are so helpful to us. But first, you've got the profile levels out here. So let me give you those. So unlike my, so I can't say that the NQ is going to go back to its breakout level until the bottom of a profile is broken being enclosed below it. So inside the ES-mini out here, you're looking at 2766. You're looking at 8548 inside the NQ, 23012 inside the Dow. And the Russell 2011-94. Now it is a bullish structured profile. The ES-mini is all, actually the NQ is bullish in structure. So it should be strong support. Don't know whether it will be or not, but should be strong support. But those would be the areas before we start looking at prices coming back to those breakout levels. Now, in the case of the Dow as an example, whereas the NQ had a TD-9 count, and I believe the others do, the Dow doesn't. So if the Dow closes below Stevie's red line, it's not there just yet. So where the NQ is testing, the Dow is not 23346 is the number here on the Dow equity futures contract. You're not going to see a TD-9 count out here. And this just says, okay, so where's the breakout level? Well, that's where we start getting back into the monthly timeframe charts. Or the weekly timeframe charts out here, which gets us back beyond the actual lows that we're taking a look at. That's how the Dow gets through and blasts through the lows. Now, there's another level that the Dow is going to have to close below in order to give us that signal. That's going to be below the bottom of a profile. We don't know if this one's going to form. It may be the one that's already in place that's out there, but right now it looks like there's a new one. And it's going to be the 23012 level. Now, well, let me show you. Excuse me, why these profiles are so important. We're just going to take a look at the ES mini. And on this chart here, just using a line-based chart. So we're just looking at closing prices, which really it's all about to close most certainly when we're taking a look at profiles out here. So I want to show you in when markets are moving higher. So let me just pull this back out here. Now, the red lines are the bottom of the profile. The green lines are the top of the profile. And in a bullish market, so coming off of the December 18 areas out here, you can see that price never closes below the bottom of a current profile. Right here where my cursor is at, there was a prior profile out here that a new profile forms, price gets above that. And you can see all of these daily profiles here holding until when? Until about the trading day of May 8th, 2019. Nearly a year ago. It's always interesting that sell in May thing. And so we've got maybe a little bit of that out here. Now, if you go back to that time period, April 30th was a bit of a high, then a move lower for a couple of days out there into May the 2nd, then one move higher into May 3rd before it kind of gave it up. But here was the important thing. You see once price closed below the bottom of a box, it gave you a change in trend signal. Now this created a currently by pattern. We can see the A to B equal CD pattern out here into the lows of June of 2019. Price continues to move up. It's not until you close below the bottom of the box that you know you've got some type of change in trend and something else that's going on. You got that, it's easy. If we take a look at what transpired here this year, if we take a look at what it was on the trading day of, let me move over, the trading day looks like a February 24th, when we finally saw a close below the bottom of a profile. That went ahead and sent the cascade down to the bottom that we currently saw. So now how do you put this together? So if your intermediate term trader out there the real prepare for winter comes if you see a close below the bottom of this new profile, 2766 or whatever the number might be. So you'll have to check back in with me on Monday or subscribe to the newsletter service and you'll see what those are over the weekend or on Monday mornings newsletter out here. But if you just take, so this is how the profiles work. This is why they're so key. This is why when somebody calls in or through the den or what have you and we're taking a look, sends an email or looking at an instrument, we're really always trying to understand where support and resistance. That's like the very first thing and we want to do it in a very objective fashion out here that we can use time and time again so that we're standard and you and I aren't making, we're not making decisions. We're letting the market make the decisions for us. Now we're going to change over here to the, and well there's nothing that's testing the bottom of a profile right now. So there's no reason for me to go switch and look at something else out there. But that's the use of really putting all these different tools together out there so that I hope that that helps you out, whoever you are. But let me go, we do have a couple of questions that have come in. So before I just, you know, continue babbling for some reason out here, let me get to these questions. So the first one coming in from Jared. Jared writes, hello Steve, looking forward to your show today. Well great, as I do every day, that's nice. In the newsletter this morning you thought the Russell could be testing 1254 is the daily level of support. Do you see the markets building cause to trend lower just test on a daily basis? Thanks for all your fascinating insight. Here's a reminder, look at Harmony. Oh, okay, great, okay. So we're going to go look at Harmony Gold as well. Let me get a couple of things going out here on my charts. Okay, so the Russell 2000. Let's come back and take a look at the profiles. Now, Jared, it's possible that these profiles have shifted intraday out here as opposed to pulling up my newsletter and finding it out. Here's what I want to be able to share with you. 1254 was the top of the daily profile out there. The center is 1214 and the bottom is now 1194. Just based on the work that we just did and take a look at the ESMini, the change in trend signal for the Russell 2000 will be a close below the bottom of that box out there. If in fact it is 1194, that's what it is right now. So I hope that helps you out. When we come back, we'll go take a look at Harmony Gold with Steve Rogers Tf&N. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tf&n.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 too. Sign up today. If you're a trader in the market looking to find the path that leads to maximizing profits while decreasing risk then now is a great time to try out Dave White's daily trading service, The Path of Lease Resistance. Through the use of options and equity trades Dave advises his subscribers on a daily basis of the current market conditions and what possible trade setups are on the horizon. The Path of Lease Resistance is published every trading morning often with updates intraday when initiating trades or closing out positions. Dave White has advised his clients of some outstanding winning options and equity trades in recent months and now is a great time to try it out for yourself. New subscribers to The Path of Lease Resistance receive a 30-day money back guarantee. See for yourself the types of options and equity trades that are available by signing up for The Path of Lease Resistance today by visiting the front page of tf&n.com and selecting the newsletter tab. Sign up today. 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 chart allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns for 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 603 S&P off 85. No bullish reversal candle on those 30-minute timeframe charts out there. So got to wait to see what transpires this half-hour, the 2 p.m. session. So no type of counter-trend rally bottom signal here. GSA, I do want to go back to the Russell 2000 because this is interesting for you, Jared, or anybody else. And so remember the bottom of that new profile that we're looking at is in that 12-13 area, 12-13, 12-14, which right now is lining up with the CV's red line out here. It's at 12-14. So that would appear, and so you can see the three drive to a top. Really a perfect textbook. Three drive to a top pattern. All these patterns, according to the way that I use these patterns, require bullish or bearish reversal candles. We got that yesterday inside the Russell 2000 out here. And inside the Russell 2000, much like the Equity Future Contract, much like the Dow Equity Future Contract, you can see that once price would close below Stevie's red line, which is also approximately where the bottom of its daily profile is. If we see that out here, Jared, to answer your question, this suggests, okay, you're headed all the way back to those March lows, and very likely you're going to take those out, and take those out in a fairly significant way out there. So that's what's going on inside the Russell 2000. You wanted me to take a look at Harmony Gold. So let's go do that as well. And as we change over to our daily, weekly, monthly timeframe, here's what we notice. We notice that price is above the daily profile. This is a profile that formed a few days ago, and when profiles form below price, that is a bullish message out here. So before I even go any further in looking at the chart, just from a profile standpoint, so we're just going to standardize on this one tool for this black background chart, if that's a bullish message, then where's price targeting? Well, price would go target the top of its bullish structured weekly profile, which is 426. Now our eyes can also gravitate over to the monthly timeframe. We are just beginning a new month out here, and what we can see is price is now above the top of that monthly profile. Now price has been above the top of the monthly profile for about the last six months out there, and by months end, price gets back inside there. So that may be something to think about or consider. Maybe this is just a breakout altogether. You won't know that until you see 426, but it does look like the price is headed to 426. Now we're going to bring over Steve's other charts because they may show us some other different elements out here. So we take a look at the daily timeframe. What we're going to see is that what Harmony Gold is doing, it's taking on a very key level out here. It's breakdown error, which is 271. Now even though on this tool here, this set of charts, I can't draw in the A to B equals CD pattern, we can clearly see the A to B equals CD pattern, and it gave us a sell the D signal out here, and it did that on April 28th when it generated that bearish engulfing candle. So Jared, not until that high is taken out, quite frankly it's going to be the high of April 25th, because on a bearish engulfing candle, it's the high of all of the candles out there, and that says you've got to get a close above 384 to negate the Gartley sell pattern that is in play out here. So 384 is going to be a key number for you. If you can get a close above that on a daily basis, then you're off to the races back to the top of that weekly profile. We can also see here that Stevie's red line did turn green and we still haven't seen the test of that level out there. So if price does not close above the top of that Gartley sell pattern, this is telling you that we may see that test, and I don't know if it'll be a test of rejection, that would be the bullish case, and a close underneath it would say you would then be tracing back to other support levels. In this case here, the daily profile levels, 306, 294, and 283. So that's what I see when I take a look at Harmony Gold on the weekly timeframe. I don't have anything negative out here at all on the monthly timeframe. I don't have anything negative either. We just took a look at price trading above the top. So it's really going to be the daily, and it's going to be very easy for you to understand what it's going to do. You've got to see a close on a daily base above 384. Otherwise, this is subject to trading sideways. Pulling back or it does have a topping pattern that is in play, but no level of support has been broken. So no reason to jettison the position unless you, and I'm not speaking to Jared, unless you actually think you know where price is going, and I don't have any other tools other than this to tell you what's going to happen next out there. So I hope that that helps you out. Thanks for being patient on Harmony. I know you had written in yesterday, and when we got to towards the end of the day, we just couldn't finish it off. The next question coming in here from Dave, Dave W. Dave, the dancing Dave. I like that. He says, hey Steve, I'm looking to crude oil for several months or so. I was thinking of WTI. Well, you're not thinking of WTI as the name of a company, which engages in oil and natural gas. So let's go take a look at it. WTI, which does also stand for West Texas crude out here. What we are looking at, this is W&T offshore, trading at $2.56 above the top of a daily profile that formed below price, bullish, trading above the top of its weekly profile, $237. So profile wise out here, Dave, this is suggesting a run up into about the 401 area. 401 would be, or really 428, the center of its monthly profile. We're not going to go there though just yet. We're going to, because this, you know, this has a currently sell pattern too. It looks like this, Dave. Let's put the A point out here is on the trading day of March 18th. B point is the next day at the high. And really I've got to use to truly do this properly. I have to use the low of that point. Let me see if this tool will let me do that. Yeah, it does. So this has made a 1 to 2A to B equal CD pattern. You've got your bearish reversal candle out here. But so you've got a bearish pattern and you've got a bullish pattern. You've got a bullish pattern from the standpoint of where profiles informed. But you're looking to get into it. So if you're looking to get into it, you're looking for some type of a pullback out here. Let me pull over my other chart, see what other things that we might be able to find out here. Here we can see, Dave, that my oscillator and change line changed from a red to green today. So what we know here is that we should see price in that level catch up to each other. That level is about 235. The top of the daily profile is about 230. You're trading at 256. So to the extent that you're looking to get into this, which you are, I would wait for price to pull back into that level, preferably on some lighter volume out there. But that's what I would be looking at on the daily timeframe. The weekly timeframe, let me see if there's any signal out here, any additional signal for us. Made a TD9 count bottom. That's what it did back in March out here. And it's trading above the top of the profile. So it makes all the sense in the world what you're looking at from a trade standpoint out here. And that is with the ticker symbol WTI. So thanks for writing in. I hope that that helps you out. Let's see here. No other questions by email. Let me take a quick peek and see if there were some questions inside the den. I think there were. Mike Kay wanted to take a look at PPLT, PPLT. So let's go take a look. That is the ETF for platinum if I am not mistaken. And Mike is long and wanting to add. So when we pull this up here, we're looking for some type of topping signal. Do we see anything? You know, we don't. We had a TD9 count top. It looks like. Back on the trade of April 17th. And this just simply turned into pulling back and testing support. That was Stevie's red line out there. See that Mike? See how that red and green line. So oscillator and change line. This is where the question always is. This is where the question I had always had. Hey, is this just a retracement? And if it's a retracement back to support, how do I figure out where support is? And you see it. Now, in this case here, when it pulled back was both to the bottom of its profile as well as its oscillator and change line, but just trading sideways out here. So where's the next level to add? You're basically about there right now. $70.99 if you wanted to get exact. You almost got down to that level this morning. You're up above the top of that daily profile out here. If a price can get above the recent highs, you're looking at a move up into the $83.39 level out there. No indication that it can't, but if price did close below $70.99, then your buy area would be $68.05. Take a look at that move. Take a look at this straight day out here, April 22nd. You've got to love this mic. Not only do you get the TD9 count top, then you get to pull back to Stevie's red line. 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. 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So the underlying instrument, I'm assuming at this stage, you're going to have to look this up, but I'm assuming that the only instrument inside there is the current contract for Platinum, which is July out here. And here's where the real problem is, now that we take a look at the underlying instrument, Mike, if you look at last week, the week before and now this week, you can see how Price really tried to get above the top of that weekly profile at $7.91 and it hasn't been able to. And you know what they say, if you can't bust them up, may try to bust them down. So be careful here. Now, at this stage of the game, you don't have any signal that it's going to bust them down because Price is trading above the top of that daily profile. So the level you're really going to be watching, not in PPLT, but in the Platinum futures contracts are going to be $7.66.6. Any close below that on a daily basis would suggest that Price is going to move back to the bottom of that profile. And that's $7.30.70 out there. Not that you need to sell, not that you need to short, I'm not saying shorted or anything, but that would be a level of support out there. So that's what I'll be watching, the underlying instrument, I think it makes it really clear for us. So hopefully that helps you out. Jerry in Boston wanted to take a look at the XLE. And Jerry's question is, is the XLE a short? So let's go ahead and put up the XLE. If we do all of your instruments, let's put up the three different timeframes out here, daily, weekly, and monthly. So we take a look at the daily timeframe out here, Jerry. What we can see is that Price is still trading above the top of its daily profile out there. The top of that profile is $34.72. The bottom is $3181. And the center is at $33.55. So this would work really, Jerry, the same way as that ES mini-chart that we took a look at to try to understand whether there's a change in trend. So you're asking, is this a short? And it may be. We'll pull up a charge to take a look at that. But then you've got to do the reward risk. None of us know whether support will fail or not. I can answer the question, is it a short? Then you've got to be able to answer the question, is it worth the reward risk? And you're trading above resistance, which is now a support at this stage, $34.72. And that would be the first potential level of support out here. Now, when we look at the weekly timeframe, we can see that in essence, if it closed right here right now, price ran right in the top of that box. The top of the box is $35.89. You're trading at $35.87 as we speak. So closing below $35.89 out here today says, okay, this may be just consolidating sideways. Maybe that's the end of the counter-trend move. Those would really be the two interpretations for you. If it closes above $35.89 out there, that in essence would be a bullish signal inside the energy sector. And on the daily timeframe, with price trading above the top of its profile out there, that's a bullish meaning out here. So you kind of get the gist. Now let's pull over the chart and see if there's some type of pattern that formed out here. Is there a Gartley cell pattern or something else? Well, lo and behold, we don't really have a Gartley cell pattern. You and I would have to be so liberal to do that. I'm not referring to your political persuasion. I'm talking about liberal with regard to the one-to-one A to B equals CD to the upside for a Gartley cell is $44.23. Or thereabouts. We've only been up to about $38 out here. So you can see the A to B equal CD pattern that is still potentially going on out here. Price is above the profiles for daily. Price above Stevie's red line out here. Is it a short? Did we get a cell signal? And the answer is we did. We have a TD9 count. Today will be bar number nine as long as price closes above bar number five. That close is $35.38. Now if price doesn't close above, price closes below, I'm sorry, did I say I meant $35.62. $35.62. No, close, $35.37. Hello, close, Steve. Look at the close, $35.37. $35.37 is the number out there. Price closes below that. Well, then we won't even have a TD9 count out here. So is there a topping signal? Yes. Should you go short out here? That would be a tough one. It would be a tough one for me to say yes, you should go short the energy sector out here. You really got to take a look at breaking some level of support and we just don't have that. We just have resistance in essence holding at this stage of the game on the weekly basis. So Jerry, thanks for the request. It was a request by phone out there and I hope that that helps you out. Now I'm going to check to see if there are any other requests that came in on the, in the tiger's den. That's where I got in trouble last time because it covers up all the rest of my screens out here. I don't see anything, but if somebody had a request, I did not do TLT, so we can do that. So G7 wanted to take a look at TLT out here. And I think either side of that trade, well, let me go back and take a look at the chart, see if there's anything that is updated before I say that. We take a look at TLT, yeah, either side of this trade, I don't see anything in it. I don't see anything in it to win it. What the heck is Steve Osain? Look, here's what we know about the treasuries right now, the 30-year treasury out here, which basically, I'm not looking at the TLT. We're looking in essence the underlying instrument, so to speak. It's not just the 30-year treasury. There's all kinds of long-term dated bonds with different rollovers going on, but we use the 30-year treasury in essence to gauge what the TLT or the TBT is doing. And what you can see priced in dollars out here, you just see a sideways consolidation. Now, it's a fairly decent-sized consolidation. Maybe the bottom's around $177 and the top is at the $182 and, say, $183 out there. So I just don't see a lot. Now, we can see that prices trading slightly lower in terms of dollars, lower in terms of euros, slightly lower in terms of yen, higher in terms of pounds. So G7, what you don't have out here with regard to traders around the globe, they're not each looking at this and seeing selling going on. Quite to the contrary out here with regard to what's going on in the 30-year treasury. The other thing, and I'll say, gigantic important factor out here, gigantic important factor, we talked about it briefly yesterday when somebody had called, or not called, maybe they had sent in a request to ask me to take a GBTC, and that's the Bitcoin trust out there. And when they did that, what I shared with them, I shared with them, hey, be careful, be very careful with regard to Bitcoin. Why? All you have to do is go do the reading. You can do the searching yourself. You can go see what Christine Lagarde has said in the past. You can take the new IMF person that is there. But what you're going to find out is that what they're trying to do over in Europe is to eliminate the euro as a paper currency. And they'll call it the digital euro. That's going to scare the... And if they do that, if they do that here, there's no way they're going to allow these other digital currencies to survive. Just ain't no way. And they can do it in a heartbeat. Shoot, they just, the governments around the world, forced us somehow to lock ourselves down. But we're going to rise up out here because this has now gotten to be insane. You want to know how insane it is? I live here in Palm Beach County. I don't know who did it. I don't know if it was the mayor, but what they opened up today, they opened up community pools. You know what's still closed today? The beach. Now, granted, I don't recall the gentleman who's in the infectious disease area for the army or the military out here, but came out and said that the coronavirus can't, doesn't last in the sun for more than five minutes. A community pool, so my private club, they're going to open it up somehow at the community, you know, at their pool. But you can't, it's on the beach. You can't go into the ocean. These folks have gotten not so out here. Anyway, we'll come back to the Treasury in just a moment. With markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets, this is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter. He's been analyzing markets providing his take for subscribers to his trading services since 1984. Every morning, Basil publishes an update for his subscribers along with weekend and evening updates when warranted. 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Where I was going with that little dialogue there here on this chart here, the set of charts that we're looking at in their major cross-rate currency. So on the very left-hand panel we've got the Euro, US dollar next to that the Euro pound next to that the Euro yen, next to that the Euro Swiss franc out there. What I'm watching for out here are some cracks in the armor. What we're really seeing right now as I look at this is just at these charts here, just a little countertrend rally that is underway. And the reason where I was really going with that G7 is you've got to be careful because there's a drop out here. There's a lot of shoes that could drop but you certainly want to be watching what's going on overseas because the more that people understand that's where the hoarding of dollars is. So I read a report that 70% of the $100 bills or US dollars period are sitting overseas. They're being hoarded. People want to have that currency. They didn't want to give up their rights to their local currency for sure. So if you're going to be out here you're going to see Treasury, I think you're going to see people move into the US and whether it's a dollar, whether it's a 30-year Treasuries, whether it's stocks, it'll be some forms out there. That's really what I was getting to. Let's go to our last question. This came in from Hector and Patty, the fuel injectors out there. And this question was to take a look at the semiconductor index. Now the semiconductor index may be giving us the biggest message period out here. So if you want to take a look at this daily timeframe chart, here what you're going to see is a nice Gartley cell pattern out here. This formed yesterday with the bear sash candle. That also happened to get up to wave number 7. That is letter G on my screen out here. And you can see that price had gapped down to Stevie's green line. That was 1679. This is a clear break of that. So if you want to understand where the semiconductor index is headed to it's headed back to its breakout in 150874 Hector. So boy folks time really flies. Always been great a great week. Great to be with you. Thanks for all the questions in the den. Everything by email. All the questions by phone. And be safe out there. And I don't know don't listen to our politicians. What do they know? Let's fire them all. Let's fire them all. Let's put them out there. And we'll send them a check for a thousand bucks. See how they like that. Take care of us.