 The following is a presentation of TFNN 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 Good morning folks. Welcome to the October 6th the terrific Thursday edition of today's Trader's Edge show I'm your host Stevie 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. Hey, let's make sure we have an extraordinary one The easiest way to do that Well, it's to always remember that life is happening for us not to us That's right When you and I make that one little two-by-four shift it means we can find the gift in every set of Circumstance that life is gonna toss at us now today. You and I we're gonna 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 do want you to know I am absolutely grateful for your presence here For 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 You can dial on it at 877-927-6648. Now if you can't dial in you can't get to the phone You can always send me an email send that early and send that to Steve at tfnn.com And inside the subject heading if you'd be kind enough to put radio show question Of course inside our Tigers then well 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 got a mixed bag out here that makes it coming from the Dow S&P Nasdaq and Russell They're all lower 136 1412 and six about a half a percent or less About one 10 percent for the Nasdaq the semis are up five the trannies are up 21 Golds off a buck silver is flat lights recruit is up 78 cents trade out at 88 54 I got a nice move inside a natural gas up 13 cents That should target the top of its daily profile trade right now at 706 to 30 your Treasury back 17 ticks 128 is the print lead the charge dollar wise the upside Mercado Libre up 17 bucks a little over One and a half percent one of three quarters percent Altus motor vehicles up 98 percent 12 bucks never heard of them having a heck of a day Maybe it's the IPO Costco is up 11 bucks two and a half percent Lulu lemon up about five bucks one and a half percent a biomed Yeah, I don't know how it's the prounche it up about one in almost one and a half percent One six tenths up four points the shakers equinex off 16 bucks regenerate down 12 SBA Communications off 11 ways connections off nine solar edge off nine Domino's pizza off eight American Tower down seven Lithium motors off seven so we've got some shakers. We've got some movers But first we're gonna start with what let's go start with I think what we'll do is just start with market breath right now So let's just take a look at what's going on here short term wise 30 minute time frame is what we've got up right now We can see we have a slightly bearish structured I mean slightly bearish structured S&P 500 talks about a lot of chop chop when I say slightly 30 minute time frame 154 instruments above 156 below if we take a look at all the Ndx 100 is trading at this moment at 1109 we'll see here shortly that it has 41 instruments above the top of their 30 minute profiles 21 below So the NQ is saying I want to rally for its 30 minute time frame The S&P 500 is trying to make up its mind if we go to take a look at the larger time frames Which we're gonna do here momentarily this will give us the four time frame 60 The one hour the four hour the daily and the weekly here on the upper left-hand corner 62 40 and daily for the Nasdaq 100 all in bullish formation meaning more instruments trade above the top their profile Versus below the bottom weekly is the stubborn one out here. That's the one that still has that bearish crossover We take a look at the S&P 500 We've got a bullish crossover for the daily in 240 but the 60 minute here remember the 30 minute for the S&P 500 for its market breath was pretty much neutral if we take a look at the 60 minute time frame It's a less neutral. It's a hundred and thirty eight above profile hundred sixty two below So the S&P wants to chop the Nasdaq wants to take off at least with regard to the message of Market breath out there. We've got a caller on the line and let's go out to our caller It is going to be Brett in Martinez, California. Hey, Brent. How you doing today? Oh, I'm doing great Steve. How are you? Very good. Thank you. Nice to hear from you Ticker symbol that you wanted to look at this morning is AG Sorry about that. Let me turn that phone off AG yeah, we looked at yeah We looked at GFI the other day that the gold miner and then this is a silver Silver stock Okay, so tell me what you're doing and how I can best help you Oh, I've been in this from a lower price. I'm doing it with call options I just wanted to get you thought that we thought we've been in this consolidation for Going back to May and it's you know trying to get itself above that it had some pretty good volume the last couple of days Just you know wanted to see what else you have, you know to the upside that might be you know resistance for it Sure for sure. Okay. So here's the consolidation path. Well, let me make sure I think I'm on the right screen out of the Black background screen. I saw in the lower right hand lower left hand side folks You see I just put in a green rectangle that in essence is the consolidation pattern that Brent is Referring to he may have moved the consolidation, you know all the way up to the prior swing point up here So really hasn't hit that top that swing point is June 6 that I'm referring to 5.7 million shares on that On that trading session and our prices moved in there a few days ago with 12 million shares yesterday with 9.2 Today you're already 3.3. That swing point Brent has a 5.7 So it suggests as long as price remains above that low that low is 867 We're at 877 right now odds favor that it should at least go tackle the top of that swing point. Does that make sense? Yes, it does so in that swing point high out there is 928 as far as other resistance levels That's not necessarily resistance per se, but as far as other resistance levels are concerned You're above the weekly profile and that's an 809. So that's a bullish outcome You actually had a little gap to the upside What I can share with you or what I do know is that this will confirm or should confirm as long as that gap remains open a Confirm roads meant to be catered bottom for the weekly time frame So that's a bullish outlook especially with price trading above the top of its profile out there on a monthly basis You have a new monthly profile formed here in October Brent It's bullish and structure price above the center, which is 797 that suggests and move up to 962 So everything I look at here for first majestic now you're dealing with some call options I'm not sure when they expire, but right now these charts are suggesting that first majestic wants to continue to move Higher any questions about these charts before we go take a look at the you know the other side of the trade so to speak No, that should do it I'm in the money with my call options that I have out to I just have the they're actually November Monthly calls Okay, okay, so great. So let me just change charts here just for a second just so that we fully review this since I'm sure people have Questions about gold as well And so we'll take a look at those charts and in essence the GDX of which obviously first objective is a is a portion of so Here in the upper left hand corner, we've got the a daily time frame chart for gold Which suggests that because price above the top of its daily profile on its nice roads meant to mitigate her bottom It's TD 9 cop on the pressure at least go target 1740 to 90 Silver has got a little bit of a problem yesterday was a bearish engulfing candle at bearish engulfing candle confirmed a sell the d-point pattern Prices below its breakout level of 2102 right this suggests that silver should pull back to 1966 so if that happens likely we would see first majestic perhaps pull back as well We're going to a break you're welcome to hold on through this break And it will come back to you and we'll finish take a look at silver gold the GDX and anything else Different would like to look at seabroads with TFN and we'll be right back Inflation we are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold This the gold flagship asset is the Monk Todd gold project in the Northern Territory of Australia This is Australia's largest unveiled gold project. We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16 year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive Devious pot ready development stage gold project This the gold trades on the New York Stock Exchange under the symbol VGZ You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by Basil Chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 On the line with brenton martini's california We're taking a look at majestic silver or silver earlier ticker symbol There was ag now we're looking at the gold the silver and the gdx charts out there So brenton we take a look at these charts here the issue one you've on the daily time frame For silver you do have a sell the d-point pattern. So should retrace back to its Oslo turn change line or move sideways out there It's got resistances at 20 102 and for gold the issue is really its weekly oslo turn change line Price has not been a pub the oslo turn change line since april 22nd Of this year out here a price close above that tomorrow would then suggest that okay These mining gold will at least gold is really getting ready to rally further It's got resistance at 17 57 at 1792 But a close above that red oslo turn change line would be a bullish outcome without that It's um, I'm just uncertain when I take a look at these charts as to What the intent of gold and silver and the mining equities are at this this stage of the game So nice bottoms out there and the question is can gold gold elox take out resistance Which is really that weekly oslo turn change on which is where price is trading right now Any questions brent about these charts or or anything else I might be able to help y'all That's great. No, I appreciate it. Steve that that definitely covers some of the other Things to be watching and I know you know friday can be an interesting day for the metals market So we'll have to see what happens always so I'm gonna have to ask you to wake up early tomorrow Because we're gonna record that show from eight to nine, but of course you can listen to replay at 11 o'clock Oh, yeah, I'll be up listening to you steve. Oh, perfect. Okay. All right. All right. Well, uh, we'll uh, We'll just have a week rest together Keep us nice and all All right, we'll have a great day. Have a great week. I see you stopped there You stopped there. You were gonna say it sounds good, but then when you thought about the week I said maybe doesn't sound so good It sounds good. It just doesn't taste the taste. Okay. Thanks a lot, Brett. Thank you. Good much. You bet that was brent de martinez, california Let's continue with the requests that we have here And the next one coming in from a johnny inside the tigers den and johnny wants to take a look at ticker symbol ttd So let's get that up on our screen out here and ttd is uh, what I don't know But johnny is uh the trade desk out there and johnny is saying thinking on a swing long Around 62 or 60. So maybe that's where you're looking to enter a buy zone yet and your target to the upside is 80 to 85 So what like just simply like to know what the charts are saying? Well, if we take a look at ttd Nice td nine count top that formed out here that td nine count top Formed on august the 11th. Well, what did that do that took price down to a td nine count bottom And uh, both of the and that i'm sorry both this one formed on the trading session of september 23rd Now what we have out here is that That td nine count bottom What this did johnny was it took price right up to resistance at 64 70 level that's the td nine count breakdown area So what you've got really going on right now is a consolidation with inside its daily profile If you're asking where support is which I believe you are it's at 56 70 You were looking at the 62 area out there. So on a daily time frame Now I don't know the price will get back there I don't have really a signal to suggest that at least not that I see just yet But if you're looking for support the ultimate support perhaps is at 56 78 the bottom of its daily profile If price were to close below 6104 for two consecutive session increase the odds that price would get back there Another area of support would be that td nine count low, which is bar number eight or is at 55 93 now 62 bucks what you'd be looking for is really the 6104 area and that's the center of this bearish structured profile So those are possibilities as far as getting to 85 Only if price closes 64 70 will that trigger that possibility? So not that it can't just that that is an area and a hurdle that you have to overcome If you look at the weekly time frame chart out here Price is above the top of its weekly profile and also their change line. That is a bullish signal And on a monthly basis Where is the top of that profile the top of the profile 82 41? Well, there's your 82 buck level out here Now in the case of the monthly chart here, johnny price would have to overcome that weekly asset or the monthly asset or change line at 70 30 So what do we think what we think is uh, I don't see 80 Until resistance fails and so far it's held as far as an entry point You know the better reward risk for you is going to be down in the 56 ish area out there So I hope that helps you out. Thanks so much for your request earlier this morning And have a terrific day the next one coming in from surgey and surgey wants to take a look at tick-a-tick. So, well h too Which might be a signal that steve should take a swig out there h too so to speak so That's what he's done and now let's get these charts here populated h too is um Fusion fuel green limited out here trader right now at four dollars and 83 cents out there So not a lot of people in love with this position is this equity. Holy schnike. He's out there So I don't know if this was a reverse merger or what but this says shows that one point time on december 11 That this thing got up to a high of 48 50 and you're trading at four dollars and 83 cents now Now I don't recall what the quite always looking for an entry point All right, so let's open up the daily time frame chart here for surgey surgey Yesterday or today is going to become bar number eight of a td9 count pattern Now the issue here is that the low was yesterday in order for a td9 count bottom to confirm What you need to see is a spike below yesterday's low and that will need to occur either today tomorrow or on monday And that low out there is 462. So that's the first thing you're looking at Of course, you want to take a look at h too and say hey, how does this deal with the td9 counts out here? Well, the last td9 count that form was out here on the trading day of september 26 In essence that took price up to its red oscillator and changeline turned back down That was a bearish signal. So just so you know, you got a bearish signal here And that's what you're fighting against is that oscillator and changeline which is currently at 507 So if you did get a td9 count, you're going to deal with oscillator and changeline resistance out here Prices below the bottom of its daily profile. So no signal just yet. There's also an a to b equal cd to the downside We'll go to my black background charts. So you can take a look at that. It's easier to draw that pattern The weekly time frame chart for ht00 No bottom signal prices taken on a swing point. This is the swing point from january Of january 28th of this year. The volume there was 894 million shares last week You were pushing into that with 272 this week you're pushing into it with 248 So light volume as you deal with that swing point, but nonetheless a close below 448 and you're 476 right now would suggest lower price No bottoming pattern or signal on a weekly time frame for you So you don't have that going for you But look at the monthly chart prices below the bottom of its monthly profile out there So that's not a good thing either Um, so you got to be patient as far as an entry point. I don't see anything that sticks out to me Uh, so we're just going to have to wait for the pattern I did mention an a to b equal cd pattern is present So let's go draw those so you can take a look at those areas to watch and what you'd be looking for Their surge is a bullish reversal candle So let's expand out the charts the a to b equal cd pattern that i'm looking at here looks like this the a point Is going to start at the high from the trading session of august 16th The b point is going to be the low of september 7th and the retracement up into september 12th That retracement was about a 52 percent retracement The one-to-one area has been exceeded so far So you're watching for a bullish reversal candle. We may not get a td9 count remember bar number seven right now Is the low of the pattern so that doesn't qualify as a td9 count bottom But if you did get a bullish reversal candle that would confirm a buy the d-point pattern That would again remember you've got that red oscillator and change on in a daily time frame Where price would need to overcome it and that right level right now is five dollars and seven cents So that's steve's thorough analysis of h2 double low fusion fuel green limited That's for surge inside the tiger's den Steve brode with tfnn. Hope you write that If you want to take advantage of this sector now is the time to subscribe to my gold report 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 news 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 dx au Gdx as well as more than 30 different mining equities To sift yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade Sign up today Thanan is excited about our new software charting program the art of timing the trade charts 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 guardleaf 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 Sharpening your skills as an investor is like getting better at playing a musical instrument 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 tech 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 30 a.m. To 4 p.m. 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 From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help You make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back up folks still a mixed bag out here You got the dow up 70 off 78 that is the s and p's off 7 Nasdaq 100 up 16 russles off 4 kind of makes sense when we took a look at market breath as we opened up the show We had positive market breath for the nasdaq 100. We had some negative market breath for the s and p 5 And let's go to our next request out here This one is coming in from hector and the fuel injectors and hector wants to take a look at tickle symbol cwst And hector's question goes like this cwst ABCD down lightning bolt pattern patiently waiting for a buy the d-point cavalry out there Are we on the right track? We're using august 18th as the a point out here So let's go ahead and take a look at that a to b equal cd pattern that hector and patty are looking at out here that a Point he said was august the 18th. So he's going to use this high right here So we got the a point all figured out So we know what's a to b equal cd pattern because there can be more than one as far as the b point That's pretty easy. It's going to be the low here, which is on september the first now It looks like that high may be on 99 that high 84 54 Yep, 84 54 it is so on september night. That's a great day out there You can see you've got the one to one a to b equal cd now hector That one to one a to b equal cd Was really already confirmed once I'm not saying that it's still present and it was confirmed here with this bullish hammer candle september 23rd So that was the first confirmation now price closed below the low of that hammer candle that hammer candle low was 76 247,000 shares net closed below that with a close at 76 39 Make sure 76 39. Yep, and that was with a 410,000 shares out there So that's kind of disgusting, but nonetheless price did take it out So you then got a gap to the upside. This was just a few days ago on october 4th So you're waiting for the cavalry to arrive From a bullish reversal candle standpoint. You've had two since the one to one a to b equal cd But what we can see here is the top of the profile area is really acting as a strong resistance zone That's at the 79 28 ish area price right now is trading below the bottom of its daily profile out there In essence it has negated that little gap to the upside Of course, we don't have today's close a close back above 77 97 would keep that by the deep point pattern in play out there So You know, you're waiting for the is the third bullish engulfing candle going to be the one well that I don't know But we do know that on this pattern here and you've identified the a to b equal cd And I believe you're looking for that bullish reversal candle as the cavalry so to speak out there Um, it's arrived twice and so far hasn't done anything. So that might want to make you say Hmm something to think about now that's something to think about all you can't see it on this chart here By the way, let me just share with you this trading session this trading session being september 26 As you probably know hector was bar number eight of a td nine count pattern and out until price closed below that low That's important to watch today. That's 76 34 We're 76 63 right now price has pierced that level and that candle had 215 000 shares you're already at 54 000 shares It seems like later volume, but nonetheless a close below 76 34 will negate the td nine count bottom and even though you don't see it out here That would suggest a pullback to 72 50 and 72 50 would be the Would be the td nine count a breakout level out there So that's what you would be watching for now on a weekly base. Let's go see what it's a to b equal cd pattern Looks like out here Maybe that's the one that really you're watching for on this specific instrument because we can use the same We can use an a to b equal cd pattern here as well So the eight points going to be that same august time frame the b point is going to be that same august Time frame and the c point is going to be that's uh, september 9th level. Let me make sure that high is 84 54 84 54. So it's that same september 9th out here now here on a weekly basis See that last last week's high 80 22 80 25 so if this week interesting pattern out here If this week you get one tick above the open the open was 76 75 We're 76 77 right now. It's about friday then this would be a key reversal bar Key reversal bar happens folks when you exceed the prior bars high and low You're in extended condition an a to b equal cd most certainly qualifies for that And then you close in the opposite direction Now if you don't close in the opposite direction meaning to take lower or more than that You don't have a bullish reversal candle and Hector I might be waiting more for that than I would be for the daily time frame so far that has failed us now Perhaps, uh, we get a different The a the daily td 9 count gets taken out price head swords at 72 50 level Increases the daily a to b equal cd pattern and then then maybe we get some type of bullish reversal candle to confirm a larger Gertley by pattern So I hope that helps you out. Thanks much for taking the time and Have a terrific thursday next request coming in from joey d inside the tiger's den Where am I at chart wise on the black background? You want to take a look at i n d a And i n d a is a what i n d a is uh, i shares india etf out here Okie dokie So what do we see on this well first of all? We pull a couple things in here the daily time frame shows us that you've got resistance At the 41 81 level out here now this is in you can see the stock So just want to make sure that you understand this joey d and i'm sure that you do But I want at least others that are will look appearing in here to to understand this as well So when we take a look at this stock you see all these gaps out here So the very first thing that you can do is eliminate gaps From your trading decision about what this instrument is doing Why are there so many gaps because likely what you've got to take into consideration is the indian rupee out here So not only are you trading an entity Which you are you're also trading a currency out here So just want to make sure that you you you take that into consideration as far as support goes from a profile standpoint You're looking at 40 dollars 92 cents on the daily time frame resistance 41 81 that was tested a couple of days ago and that is held the real question should be There's just some kind of bottom pattern out here. So let's suffer joey d Let's switch over to the white background charts They're going to assist us more out here especially because we're taking a good patterns. We're ignoring those gaps and voila What we're going to see is this formed a nice td9 count top out here on september 29th I'm sorry td9 count bottoms december 29th What that has led to remember? So we talked about gold those you were listening to brent and i discussed gold and kind of my hesitation here about goldilocks Has it proven itself to us and the answer was no it hasn't just yet It needs to prove itself to us tomorrow on a weekly basis Which is they close above its red oscillator change line here td9 count bottom price took itself up to that level Found resistance. So there's your resistance area out there joey It's that red oscillator and change line and the top of its daily profile at 41 88 What's price doing right now great question? I don't know price of trading below its weekly profile No bottoming Pattern way you you might have a buy the d-point on the monthly time frame out here Yeah Not really we're gonna we're gonna pass on that idea Um So let me just look at to finish off inda quick peek here at the 30 minute time frame chart see if this provides joey and me Joey and us joey and a team with any kind of information and unfortunately it does not so it can't be a further assistance out here other than to say that You know you only had the daily profile Here's what I could say the dailiness center are the same price at 40 92 So if you're looking to enter this uh 40 92 may be the number to take a look at you also wanted to take a peek at meta Old facebook out here me ta is the ticker symbol there if stevie can learn how to spell it would make things a whole lot easier It's only four letters But as you can see I stumble with some of the simplest things in life If we take a look at meta platform straight right now 140 75 it is consolidating No, you don't see it here. It is consolidating with inside its daily profile. So what does meta do? Well, I'll tell you what meta did We get back from this uh Get back from this breakout here steep roads with tf and then I believe there's one request to take a look at the cues as well Which is really take a look at the end cue which we will do also I'd love to hear from you at 877 9276 648. 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 after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com Educating investors Technology around us is changing every day With so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider Is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on a cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops the set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 dollars and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etfs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus Or summary prospectus. Please contact direction shares at 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 This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Folks that dows up 127 sps out 13 nasdaq is 100 down five right now five for the russell as well We're taking a look at the ticker symbol out here of old facebook ticker symbol or meta meta meta This is for joey d in the tigers denny joey if you looked at this monthly chart out here recently I don't like it. I think this is even though we took a look at a little daily bottoming pattern And by the way you might get a weekly bottoming pattern out here This says caution as long as price remains below 147 19 147 19 Joey is the swing point from december of 2018 During that month december 2018. There were 558 000 shares that traded hands last month in september price moved into that with 635 million shares That says odds favor price is either going to go test the low that low out here. Let's say I get you that value That's at 120 302 or lower out here Or lower So I you know, I'm gonna we're gonna go take a look at the daily in the weekly chart, but this monthly chart out here It's it's I don't like it when I say I don't like it. I don't I don't have any You know one way or another I don't like it from the standpoint that I think it's signaling lower price Not higher price as we switch over to these white background charts here You'll see the daily we talked about that just before we go into the break It formed a nice little roadsman to indicator bottom pattern out there and price just consolidating with inside its daily profile now The monthly chart could be a longer term view If price in the case of meta is able to close with 143 41 on top of its daily profile It is slightly bearish structured profile out there That means when I say slightly bearish that means with regard to uh, facebook or meta the sellers reside between 140 31 and 143 41 right now But if price can overcome 143 41 the price target would be the 161 68 area If you do get a bullish reversal candle right now, it's a bull sash We won't know until tomorrow for the weekly time frame, you know, you're below the bottom of its daily profile there That becomes its price target 150 903 I'd really be keeping my eye on the daily time frame But it's that weekly and it's at 147 19 level that have me most concerned They should have you concerned as well. That's our analysis when it comes to take a look at uh, Facebook out there There's also requests as long as we're on these charts here both for the cues and Nike NKE Since I'm on the three panel try to stay here first I will go take a look at the cues because really we're going to do that by breaking apart the nq Out there for its different time frames. So with regard to Nike, I believe was just a short term request that Dan inside the tiger's den had out here But in order to take a look at that short term signal what both Dan and I need to understand is where's price trading In relationship to that oscillator and change line, which is resistance for it, too So 91 39 is a big resistance level for you Dan when it comes to trading that Nike a price can close above that Then Nike may go target the bottom of that daily profile Both at the bottom is the center and the daily at the center and the bottom So that old should have been strong support It was not strong support. The question is will it become strong resistance? You don't have to worry about that right now because price is still below that 91 39 level And that's that red oscillator and change on I do say wave number seven That is in place right now for this week But you need a higher low next week to confirm that wave seven bottom Also, you'd like to see a bullish reversal candle to confirm a rogement indicator bottom from a weekly standpoint Okay, you really want a short term out here if we take a look at a 30 minute time frame chart here for nike Let's open this up. What do we see out here? What do we see? We see a teeny nine count top that formed on the bar following bar number nine The high of that candle was 91 70. We've never seen a close above that that remains in effect All that has led to dan is a consolidation with inside its 30 minute profile So you're watching 89 98 from a support standpoint and really watching 91 97 from a resistance standpoint Whichever way price closes above for two consecutive bars on the 30 minute that'll point to the next direction out there Again a close below 89 98 would suggest run back to the breakout air of 89 27 So that's what I see when I take a look at the charge for nike I hope that's the short term view that you were looking for but if not ping me And we'll get you the information that you are requesting now Let's go take a look at the cues out here. Well, let me put the cues up on the screen This is for you know visual qqq. We'll just put those up here But then we're going to really go take like the nq to give in a what he's really looking for so put the cues up on our screen Right now. We're just waiting for those to populate to come on folks Not you folks. I'm referring to the to the grinders putting out this data out there So we take a look at the cues out here, you know, you can see price run into resistance That's at the top of its daily profile the nq not at the top of its profile out there the weekly You've got a nice rogment to mindicator pattern that appears to be forming Again, you'll need tomorrow's session to confirm that you mean the completion at the end of the day Resistance though and the cues is a 285 51 level now. Let's go switch over Take a look at our intraday charts out here. Well, we probably have the es mini still up here So we're going to go ahead and move this get this to the end q 12 22 There we go and in the meantime out here Let's pull this over and I'll just use that same screen. I think I'm on the right screen. It's no I'm yeah, I am. Okay, perfect So inside the cues right now or the end q that is but really the same nastic 100 You're bullish for the 60 the 240 and the daily. It's only the weekly. So, you know, it Because the weekly is in a bearish crossover mode. What I mean by that is there are 16 inch been straight above a top of weekly profile 38 below the bottom So still suggest a choppy market out there, but it's more bullish than it is bearish because the daily Weekly I've said the daily the 240 and the 60 minute time frame out here now that we know that those are bullish What does the 240 minute time frame tell us? It's got a new profile out here And that tells us you got resistance here. That's where it's finding resistance at top of the profile. That's a 11 11 657 So you need to see a close above that on the 240 minute chart there to suggest a further breakout the 60 minute chart What do we have? It's got a td9 count top out here So it's going to be that high that high by the way is up at 11 7 29 75 That is the key resistance level that price would need to close above from a support standpoint, you know It's 11 425 and three quarters 75 cents out there. That is your support area on the 240 support is down 11 4 39 Daily time frame really suggests it should go target the top of that profile 11 4 80 But we've just given you a couple of resistance points that Five hour time frame chart its resistance is the top of its new profile So the level to be watching there is going to be 11 652 The stevie see anything else out here that's helpful to to anyone And the answer is yes sorda. Yes sorda. What do you mean? Yes sorda stevie? Well, let's go ahead and now we're going to move from the nq to all four equity future contracts Just to get a feel for what maybe they're doing in the areas to be watching today and to do that We're going to go ahead and switch our panels again our screens And this one was going to take us to our 30 minute charts for each of the equity future contracts In the upper left. You've got the es mini what stevie notices here Maybe you do as well as price is really kind of consolidating not so much with inside the profile But with inside the titty nine count breakdown at 38 15 75 and the titty nine count support level 37 47 25 This is our consolidation area. This is our chop chop fizz fizz. Oh, what a relief It is Once price breaks one of those levels inside the nq inside the nq. We got the same kind of setup You've got 11 707 75 That's the key level that price needs to close above at least from a 30 minute time frame Support down to 11 4 25 inside the uh dow. You've got really the same setup. It's 29 8 27 as support And it's 34 60 as resistance the russell 2000 17 79 60 up at the top. That's resistance 17 42 50 as support We are in a chop zone And I think it's been established by these titty nine count breakout and breakdown levels for the 30 minute time frame Steve roge with tf and n we'll be right back Vista gold owns and operates the largest undeveloped gold project in australia the mount tod gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing In a creative transaction. 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So maybe you want to take a look at ticker symbol mro That's marathon oil just wants a review of it and we can see that marathon oil is taken on a Prior swing point the swing point from september 14th now that swing point had volume of 15 million shares So far this morning You've already done 6.2 million shares price is moving into that with volume a close above that swing point that swing point high Is 27 92 will generate an a to b equal cd to the upside pattern We'll go switch over to my other charts and take a look at that But in essence that would suggest that price would be making a run Towards the td nine count breakdown level me mean that's at 31 95 You're above the top of the weekly profile That's a bullish outcome You're above the top of the monthly profile right now. So everything inside of marathon oil looks pretty darn bullish Let's switch to those black background screens There's where I can draw that a to b equal cd pattern on the daily time frame We'll expand out the chart here. We'll go pick out that a point. You've probably picked it out yourself already That's going to be the slow out here from the trading session of July the 14th the c-point or the b-point that is that's that swing from september 14th We already looked at that and down here is our c-point the one to one a to b equal cd Would take us up to 29 56 above that 31 88 it looks to me like what marathon oil wants to do is make a run for it's uh, what's it's likely It's all time high back from may 31st of 2022 out there. So maybe that looks pretty old pretty good out there We're on the black background charts. There was a question from a guppy to take a look at the T bonds out here. So let's take a look at this set of charts out here where we've got monthly We've got daily. We've got weekly and we've got the quarterly And all I can say here the guppy is that these charts here Suggest that what the 30 year treasury wants is lower price and that then says what? Higher rates out here. You're below the bottom of that monthly profile with no bottoming signal That I see at least on these charts here. I'd have to go to look at the other ones You're below the bottom of the quarterly profile. You're below the bottom of the weekly profile Definitely no bottom pattern there and even though I could make a buy the d-point pattern Because of that bullish reversal candle from september 28th price would really have to close above the top of its profile It's a 130 110 to really suggest that maybe rates are going to reverse to the downside So folks, thanks much for joining me on terrific thursday. I'm going to record tomorrow's show between eight and nine So please join me early if not, you know, I'll make that as relevant as I can for the 11 to 12 replay Have a terrific thursday. I look forward to seeing you in the morning. Take care