 is a presentation of T F N N. Traders edge with Steve Rhoads toll free at 1 877-927-6648 or internationally at 727-873-7618. The Traders edge now Steve Rhoads. Good afternoon folks. Today is Thursday. It's terrific Thursday. It's December the 5th. Welcome to the 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. Think about that one folks. How many people do you know that are tied up in the last moment or the moment from yesterday or the one from a past. Thanks so much for joining me. This show is all about you. During this next 60 minutes I'd love to be able to field your questions about any instruments that you've got an interest in whether you own it, whether you're long, whether you're short, whether you just have an interest in it. We can take a look at it for multiple time frames like we will for Justin and Jim in just a moment. They're mixed. We've got the Dao off a little over one tenth of a percent. So not a big deal. That's really flat. It's down 39 points. S&P's off three. NASDAQ 100 on seven. The Russell is totally flat. The Summizer up two points. That's flat out there. The New York Stock Exchange is flat. Willsha's off 36 points. It's only one tenth of a percent out there. But we're going to take a look at the markets. Gold. We're going to take a look at the markets. We're going to take a look at the market approach that they that they've got. Well one is looking to enter into bear gold. So we'll take a look at the individual stocks as well. It's trade out at 14 84. It's below the top of its profile. I believe we'll take a look at that silver is up 12 cents. Natural gas up four pennies. Lights weed crude is flat out there. Lead the charge. You can see where I'm pulling the data from out here. So lead the charge dollar wise the upside its restoration hardware led by Metler Toledo up 11 bucks. Chipotle up eight arena pharmaceuticals up eight. That's 91 cents 91 percent. They must have solved something out there. Sage therapeutics down 87 bucks 58 percent sounds like they didn't solve anything. Amazon off 16 Alaco sink down 15 bucks on the market. So let's go right to it. Jim P. and so Jim is asking the question will John kind of do a tag team. He said I'm looking to buy looking for buy area for the stock gold that is bear gold out there. I know that you've been thinking that gold is not bottom but thought it might be in December or January with price level. Do you think would be a good buy. For the stock when gold does bottom. And then we've got Justin's question says hey it looks like it's breaking out and up. Thanks in advance OK so so there's our different perspectives on gold. I'm going to give you the charts perspective on gold. And what it maybe is or isn't doing and we're going to we're going to go in reverse order I think that way we've got the bigger picture we can see what's going on and so therefore this will really apply to Justin's question with regard to breaking out and up. So let's take a look at gold looking at the monthly time frame chart and what we're going to see out here. So as we expand this chart we're going to see a beautiful confirmed Gartley sell pattern. Now a Gartley sell pattern has got an A to B equal CD. That's what we see from gold coming off of the bottom that A to B the point on that by the way began from a monthly TD set up nine count that was back in December of 2015 out there. So there's our A to B equal CD. It completes out here in August of this year and then in September was the Kai Bosch the confirmation of that pattern and then we're going to see what happens next. And then we're going to see a nice big old bearish and golfing. Well it was a dark cloud cover candle actually too much later. Yes. Last month we got the bearish and golfing. So what do you know out here Justin is maybe maybe from a short term time frame that you're looking at. Maybe things are breaking away up and away. I would say if you're a fan of Gartley and you may not be a fan of Gartley but if you are what gold has done is formed a fairly significant top line. And that's not so fast. The first role and responsibility on a longer term basis monthly time frame out here because we have both Stevie's red line turning green and a confirmed Gartley sell pattern is for price to push its way down to Stevie's green line. Currently that's printing at 1427 80. So both Jim and Justin out here I'd really wait for that test to unfold. Maybe Stevie's green lines going to be a price or maybe it's price pulling back. I don't know what that is. And if price closes below on a monthly basis. Stevie's green line that tells you to be prepared for even a further retracement. But on the long term basis you've got an absolute if you're a person and I know most of you listening to Larry H. I listened to well when I can I listen to Larry but certainly I did and hired him many years ago to be able to learn his patterns higher to pay the big bucks and to be able to learn his patterns higher to pay the big bucks. I love that pattern. It's a great pattern and so it is identified atop. Now we don't have to stop there we won't stop there because I want you to have the bigger perspective and the bigger picture out here. So here's the weekly time frame chart because this has got kind of both the top and a bottom. And so here is the tug of war. The top was the roads momentum indicator topping signal. Now that confirmed out here. Let me get my cursor. You can see price was moving higher maybe can't see it but price was moving higher. So here's the chart. And on September 27th that happened to be a body of a candle that engulfed the prior body price was in an up trend that was your bearish engulfing and confirmation of the roads momentum indicator top. Now what price did do was price did bottom with a TD nine bottom pattern and it did this here on November 15th. And so certainly we've got the sign of a bottom on a weekly basis and the sign of a top on a monthly basis and a sign of a top on the weekly basis. So what's the bottom? What's the bottom? What's the bottom? What's the bottom bottom? What's the bottom bottom? Which one is right? I don't know which one is right. I know the price below Stevie's green line out here, which is 15 11 50. This tells me topping pattern on the weekly topping pattern on the monthly all suggesting lower price. That is the bigger picture. Now let's go to a smaller picture. The daily timeframe. What is a daily timeframe tells really for the daily timeframe. What I'm going to do is I'm going to just switch over here right now and take a look at what's going on right now. I'm going to take a look at this gold chart here for gold priced in US dollars in euros in yen and in pounds. What is it that we see that is common amongst all of these currencies? What is common is what we have here is a series of lower highs and lower lows. I do not think now the look it's that I should let me restate that it doesn't matter what I think we just want to go take a look at the charts. And so what we know is you've got a topping pattern on the weekly, a topping pattern on the monthly, a series of lower highs and lower lows on the daily timeframe. Obviously would have been on the other charts and it's in all major currencies out here. Now what gold actually did here we take a look from a daily perspective the left hand panel you're going to see the price ran into resistance at 1490 40 1490 40 was the center of its weekly profile and Justin, you're right. Gold may bounce even further. It may bounce up to 1512 90, but it doesn't take away from a series of lower highs and lower lows. And I think you've got to be patient. Now we'll take a look at bear gold because that's what Jim had written in about at first. So we'll take a look at that. Of course, I want to hear from you to 877 927 6 6 48 or Steve at TF and in dot com. We'll be right back. If you're not currently using the TAS profile scanner when looking at setting up your trading opportunities, then your arsenal is short. A mighty weapon. The TAS profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks, ETFs, commodity futures and forex headed by Steve doll has understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the TAS profile scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30 day money back guarantee. So you have nothing to risk. Start your subscription by visiting the front page of tfnn.com today and you'll find the TAS profile scanner under the services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area, whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property. Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future called Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Let's take a look at the monthly time frame chart out here. Here's what we know from a monthly time frame. We know that prices trading below its breakout area, which is 1835 on a monthly base breakdown area, 1835. So that's proven to be resistance out here. We can see that Stevie's Oscillator and Change Line turned green. It looks like this month out here and that says that price in that line should catch up to each other. That's around the 1533 level. Let's not use 1533 is the exact price, but I know you're looking for an entry area out here, Jim. And so 1533 would be one area. I'd put it's really steep. Whatever the value of Stevie's Green Line is on a monthly time frame when that test unfolds, but you can write that down on a pad of paper. If we look at the weekly time frame chart out here, what do we know? We know that what Barrick Gold did was it confirmed a nice one to 1.618, 813. A to B equals CD to the upside. It confirmed that pattern with the big old bearish engulfing candle. That was the week of September 6th out there. Prices moved lower. There's no TD set up nine count pattern because the low was not formed on bar 89 or the bar following nine, which on my screen would be number one out here. But prices done this week and by the way, the pricing isn't being updated for some reason right now on my weekly chart. So it doesn't have today's data in there, doesn't matter. We can take a look at what it's done here for the week. And when it's done here for the week, it's it punched its way up and tested and as rejected Stevie's green line right around the 1766 level. So this suggests further price pullback. Now its price pullback would be to the breakout level of 1257. So you got a $3 difference obviously between that and what we're taking a look at on the monthly time frame. But you've got the weekly and you have the monthly that are pointing to a to a move lower. Now if we take a look at the three multiple time frames out here for bear gold, get a feel for what's going on right now. It is trading above the top of its daily profile and that 1703 continues to trade above 1703 bear gold. Well, it needs to close above 1753. That's the weekly center of its box. It's a bullish structured profile. I mean, the center at 1753 is much closer to the bottom, which is 1668 versus the top at 1922. And so what that tells us if on a weekly basis, you see a close above the center of the box because at the center, think of it like this, the center of the box is where the party is at. That is where everybody RSVP to you have both buyers and sellers that believe that bear gold is fairly valued at 1753. The buyers are lined up at 1668 and the sellers are lined up at 1922 currently they're sleeping. I'm just kidding. That's just a metaphor who knows what it was, but it these are what the lines represent out here. My experience is that when you see a close on a bullish structured box above the center, usually then buyers have gotten together and they've overrun those sellers because there's only sellers sitting right sellers and buyers, a small group of sellers, let's say or a group of sellers at the center and the larger group of sellers is at the top of that profile kind of makes sense. So right now on the weekly basis, saying and not so fast. You got the weekly test and rejection of Stevie's green line and price has not been able to close above the center of that weekly profile out there. So Jim, you know, I just think you've got to be patient. You've got to be patient. I haven't gone through and, you know, done the test to see what the correlation direction correlation is between bear gold specifically and the gold contract, but I'll assume it's similar. And so, you know, I'm going to I'm going to I'm going to give the waiting to the gold contract, but we just took a look at what bear gold is doing. And it's not like it's saying, hey, this is a breakout and one should jump on board. So for both of you, I hope that that really helps you out with regard to what gold what bear gold is doing with the charts at least are communicating. To you and I now, let's go take a look at that. No other questions that are on deck. So we'd love to hear from you at 877-927-6648 or send me an email steve at tfn.com. But let's go take a look at the general markets and try to figure out what's going on out here as Marvin Gaye might say or Stevie Gaye. You never know. Well, let's take a look at Marvin Gaye and Marvin would say, hey, speaking of the NQ, were we speaking of the NQ? Probably not. But speaking of the NQ, what it was doing today, well, here's what we were speaking of. We were speaking of the top of those profiles and how they act as buyers at the bottom, buyers and sellers in the center and sellers at the top. So we saw a countertrend rally so far, countertrend rally. It must be termed a countertrend rally. Of course you can term it anything you want. But where did price stop this morning? It stopped basically right at the top of that profile. How does that work? Well, 83-44, we know how it works. That is where sellers are. If this is more than a countertrend rally, if this is more than a countertrend rally, you need to see the NQ close above those sellers at 83-44. Now, it's not as if it is totally bearish out here either because price is trading with inside the box. A close below 82-53 would then say, OK, sellers are the ones with the upper hand out here. So right now what we see profile-wise inside the NQ, you know that sellers are up there. That's already been proven to you. If you're asking yourself why did the market begin selling off when it did at 7 o'clock this morning? 6 or 7 o'clock this morning, it's because the NQ had gotten up to where the sellers were at. And the NQ in a bullish market or a bearish market is typically going to be the leader, to the either the upside or to the downside. And so I believe that the NQ is the one that is most worthwhile to be focused on and watching as to what it might do out there. So yeah, this is what's going on inside. Now, if we take a look at the Dow, it's trading below the bottom of its box. This would say the Dow is targeting the twenty six seven forty eight twenty six nine oh nine. If we were only using market profiles, that's what we would say. That's what the charts would say because price below support of the daily. So where the weekly profiles while law we've got them, we see him and price will go down there. Now the Russell 2000 area right hand panel out here prices trading right now at the bottom of its profile level. That is sixteen thirteen and the ES mini it's trading in it's trading just slightly above the bottom of its profile of thirty ninety seven out there. So is the market bullish? Are they bearish out here? What what are they? Of course, it's always going to be dependent upon what time frame we look at. But let's take a look at a few other things out there and a few other things you know you and I you and I that's right. You and I we love that advanced decline oscillator reading inside the New York Stock Exchange. Now the general meaning of it. Let's just take a look at the general out here. The four star general says that when the advanced decline oscillator is below zero, which it has been below zero for a while out here right now it's trading at minus fifty six sixty two tells you sellers are in control. Now couple that with the bottom panel. The bottom panel is the spot volatility index and let me switch over might be easy for you to see if I switch to this chart. No, that's not the chart. I want to well let's come back here. Let's just come back here. Let's just leave it's the bottom. You can take a look at the top of the box. You see the fifty day exponential moving average is thirteen ninety nine that's referring to the spot volatility index right now it's trading at fourteen seventy. So as long as prices above that it says a lack of liquidity in the market. And this is when markets can move to the downside. So at this stage here. The New York Stock Exchange and the advanced decline oscillator reading for it are suggesting that bears are in control or sellers. The spot volatility is suggesting that sellers are in control. That would change if price closed over thirteen ninety nine. Let's continue looking at a couple of other tools to help us understand are the markets bullish or bearish or are they neutral. She wrote the T.F.N. and we'll be right back. 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 trade that we tigers and we're 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 twelve 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 twelve six and three months. Timer digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best and what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today. The path of least resistance is David White's daily trading newsletter that allows a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30-day free trial today log on to TFNN.com now. TFNN is excited about our new software charting program 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 Gartly's, ABC's, Butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. That was off 22. S&P is off about two points, a point and a half right now. So let's continue looking at the market. So here's what we've taken a look at. We understand why, or at least why we believe it lines up with the selling that took place earlier this morning inside the markets and it was the NQ bumping into resistance at the 2344 level. So it's neutral because price is trading in between its profiles right now out here. We know that in the New York Stock Exchange that it has got a bearish or sellers in control signal as well as a spot volatility mix. So you know at those levels to look at. But what's interesting here, let's pull over because we can take a look at the S&P and the Nasdaq 100. Let's take a look and understand what's going on there. The Nasdaq 100 what we'll see and if you just look at the upper right hand panel where you see the speed dials out here, you'll see the weekly is still bullish. Now bullish if you look at the speed dials you're going to see red, blue and green. Probably we should have done red, white and blue, right? But red, blue and green is what John decided on going with out here. It doesn't matter. Look here's the reality if it's in red then it tells us that we've got a bearish crossover with a 60 minute time frame. You don't on the 240. You do on the daily. You don't on the weekly. Even the Nasdaq doesn't really know what in the heck it's doing right now. It's not consistent. It's not consistently bullish. It's not consistently bearish. It kind of like where price is trading in the middle of its profile out there. Well, how about the S&P 500? What is it doing out here? Take a look at the S&P 500. Well, what we're going to see is this is even more confusing. The daily is the one that is bearish they're still in bullish configurations out there. So this is a market. This is a sign. This is signals here of a choppy marketplace which in essence is really what we've got going on right now. And that was the profile I think showed that to us when we took a look at the NQ out there. But here there's no consistency of a message. We take a look at because if the market was really bearish out here I understand the 60 minute we take a look at the S&P 500 being green little counter trend rally trying to unfold and so forth. The daily being bearish the 240 should still be bearish and it's not out there. And so something to think about what do you think about? You think about where's the spot bottleneck trading when it comes to the day's end and where's the NQ trading when it comes to the TAS profile out there. What else? So it was the 60 minute. Let's go take a look at the 60 minute NQ out here that was still bearish. Let's take a look at it. The second reason why price did what it did this morning. Again, we're looking at the NQ forms a nice TD set up roads momentum indicator bottom pattern does this on Tuesday to Wednesday. Does it at 10 o'clock in the morning December the third out there. Then what unfolds? Well price makes its way all the way up to singing in the key of G and where does it pause when it gets up to wave number 7 where price had broken down. Where did it break down? Well that was brought to us by that TD 9 count 83, 36, 50. Are you kidding me? You get to wave number 7 you get right up to resistance on a 60 minute time frame just as the NQ on a daily basis running in resistance where their sellers are are you kidding me? No, I'm not kidding you. I'm just reporting to you what the charts are communicating to us out here and price right now is below the bottom of its box on a 60 minute time frame. Now if price decides to do something different because it can do whatever it's going to do I can't control it you can't control it well you can control it because you can just keep buying and you can push it up that way but other than that right we really can't control it but if price were to close above 83, 36, 50 that would be at least on the short-term basis saying price might want to run to 84, 54 but if price were to close above 83, 36, 50 that would be at least on the short-term basis and if all that happens well price would be above the top of its daily profile wouldn't it and that would put it into bullish configuration so there's the NQ there's the markets what else with regard to the markets can I share with you and I don't know what else it would be so let's just go to more questions we've got a question inside the Tiger's Den from Satish that wants to take a look at SPGI let's go take a look at SPGI global ink now Satish today's kind of interesting for you interesting for you with regard to this ticker symbol because price is right now trading at 271 and the top of the box which is where the sellers are at is at 2783 so if this is just like a counter trend rally hard to say it's a counter trend rally when this is in essence at all-time highs out there but you kind of know if price is going to find resistance it's right here right now that's what the daily timeframe says now the weekly timeframe says hey not so fast I'm above resistance of course the week is not over it's only Thursday so we don't know where it's going to finish tomorrow and that was a 266.50 and on the monthly timeframe it's above the top of its monthly profile so no resistance out there so let's go take a look at the other chart patterns let's pull over price moving higher doing less relative energy paying not a big deal see here it was doing that as it was forming that TD set up nine count was bar number eight that made the high this is back in September what did price actually do during the month of October as it was reaching bar number nine making bar number nine was testing support the first level of support Stevie's green line out there so that held so this is still bullish not bearish even though it's got topping signals out here in order to really get uber bullish you're going to see you're going to need to see price take out from November and if it does that then that gives you satis the super uber bullish but right now it's even the monthly still has a topping pattern in place two topping patterns in place but price is not being able to break through support on a monthly basis that is Stevie's green line we go take a look at the weekly time frame the weekly time frame again price trade above the top of its profile but it's suggesting just caution price moving higher doing less relative energy if there were to be a bearish reversal candle that would form that would be easy because last week's candle was a doji you'd have that so just as careful caution still bullish message out here as we speak right now on both the week well the both of them say caution that's it just caution not sell not sell not short just caution if we take a look at the daily time frame this thing tops with a TD set up nine count pattern it's bar number eight out there price tries to push its way down to support which would have been 56 area 256 24 or 250 237 never made it down there so satish are you asking me to draw a conclusion here you got careful on the weekly careful on the monthly the daily has a topping pattern a confirmed topping pattern which as it stays in place unless the actual all-time high gets taken out so I hope that helps you out with regard to ticker symbol SP GI that is the S&P global ink out there I believe there's another question that came and you're welcome my pleasure happy to help out another question coming in from sorry I have to turn away from the mic out here the Roku so this is coming in from not sure what's coming in from but the question is can we take a look at Roku from an intraday perspective expecting a four to five dollar down move out there so Roku pull over Roku pull over my my little tool here that I'm working on still not complete out here but here just in Roku take a look at all the intraday timeframes you might look at on something to trade for six and a half hours no top or bottom signal when it comes to the TD nine counts out here Steve Rhodes with TFN we'll be right back we'll take a look at the charts on ROKU of course I want to hear from you too if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment of 3.1% a $50,000 investment at a normal four-year at CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program you can call me 289190 from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get that competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors booming but for how long whether you think the biotech bull has room to run or has run its course trade L.A.B.U. or L.A.B.D. directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks, charges and expenses of the direction chairs carefully before investing the prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com and click the newsletters button 24 hours per day go to TFNN.com and hit watch Tiger TV that's TFNN.com and hit watch Tiger TV for the latest market information welcome back folks we set she's Louise if you're in the den can you give me the high sign that you can actually hear me that would be great otherwise I'll just keep going but we'll just repeat myself I don't think they have to buy a Skype just so I know if I'm on the line so to speak or not out there but what price is doing I'll just continue on here price is trading below the bottom of its daily profile 151.78 so if price closes below that today stays below that then would suggest that you could have a further down move out here the down move on a weekly basis that price would run into $5 that you are looking for out there in the den just confirm that you guys can hear me I know there was a slight system problem here an interconnection problem we hear you that's great so here's what I'm going to do I've got these so those of you that have listened to the show you know when someone calls in or writes in and wants me to take a look at inter-day charts of hours that I'm a real big proponent in looking at information equally so to speak equally that's not really what but from a timeframe standpoint so all you have to do is take 390 minutes and start dividing it to figure out which ones have equal timeframes well if you do that you end up with a 15-minute timeframe a 65-minute timeframe a 30-minute timeframe and 130-minute that would be three different 20 why use 120 why use 120-minute timeframe for an instrument that trades six and a half hours 130 minutes will give you three equal bars out there well look I don't know the answer to that if we take a look at the 30-minute timeframe chart out here I've got a potential for wave number 7 letter G out there prices trading in between its profiles 83-52 84-34 support here on a 30-minute chart is at 82-47 that is the 50-minute timeframe chart shows the roads went to indicator top that was price moving higher doing less relative energy in order for this to be able to signal to you on a 50-minute base that price wants to move lower price must break through support 83-53 traded 83-90 before I put on that put trade I'd sure like to see a break through a level of support that would then be able to move higher the 65-minute chart out here I don't have a topping signal but price is trading above the top of its profile straight above Stevie's green line that's bullish out there in the short term and then our 30-minute timeframe if price found resistance it was right at its breakdown level the breakdown level was 84-50 no topping signal out there even though found resistance is still trading above Stevie's green line at 83-30 and so on the intraday charts out here even though we've seen a couple that have got some short-term topping signals nothing has broken through support and I think that's what you would like to see especially if you're doing this using puts you'd want to do it anyways doesn't really matter out there I tell you so or saying so best of luck on that trade give me a moment here folks to see if there's any emails that have come in let me just click I've had to there we go let's see I hear you okay we got so that that's good okay but that was okay so okay so good so I've gotten through all of the questions the numbers were not Roku what do you mean oh geez thanks a lot Mr. good thing to have wingman it was not Roku it was exas well folks I apologize we're going to have to go through this process here because I've got to give out the right information thank goodness thank goodness we've got somebody actually paying attention to one person paying attention okay so here we're okay so now we're on the 130 minute timeframe chart you've got a price of trading below Stevie's red line that's at $149.98 the price stays below that well it really needs to get below $148.33 that's the top of its profile out there let's look at a 65 minute timeframe 65 minute timeframe made a nice Rosemont Dominicator top makes a nice TD 9 count bottom it's now made a TD 9 count top out here but price 82 141.82 is the key level that is a breakout level on a 65 minute chart if we take a look at the 30 minute timeframe we'll try to do that if I get my mouse here working right where's the mouse there's the mouse where's the mouse there we go I say 30 minute I think I did say 30 minute come on there we go 30 minute timeframe what do we have out here I got nothing nothing with regard to a top look at that 15 minute chart 15 minute chart Rosemont Dominicator top out here it doesn't look like I've got the 15 minute oscillator and change line does it so let's go get that give me a moment here golly sorry folks the old mice here is not let me see here do I have no I've got a 30 minute no wonder it looked all squiggly so let's get here's the deal so on a 15 minute if you want to get really granular which I think you do you want to see price close below on a 15 minute basis 148 40 I'd say like to see that for two bars that is the support level which has been tested over the last half hour to sell and if price is able to move below that then you're 140 405 there's your four dollar figure that you are looking for that was Roku my bill I can't pay attention to those charts and letting me know that it was actually ticker symbol exas that we were looking at versus Roku but we did get Roku in so what's next out there anybody have a request the phone lines are open of course we just have the two minute wrap coming up in about 30 seconds well 30 seconds when we go to the breakout there is a lower low today in terms of pounds in terms of US dollars just trading in between a consolidation area basically the top of the consolidation the 161 and the bottom around 157 22 that's the bottom of its daily and weekly profile out there it's daily and weekly profile and that's the key level close below 157 22 suggest another excuse me but that's what you'd be looking for we'll be right back since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil the standard market technical indicators enhance the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily nothing get your two week free trial to Basil's newsletter the opening call today by visiting tfnn.com if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien now the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the XAU HUI GDX the dollar as well as more than 30 different mining equities as of September 3 gold report you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Niko our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edged daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge is approved by Nico and Paige living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com this is David White stay tuned because coming up next is the power trading hour right here on TFNN many of the indices are green you've got the Dow up 7 the S&P's up 1 point the Nasdaq up 2 Russell is flat but just slightly green Semizer up 5 points New York Stock Exchange is up 12 so we're not going to we've given you the numbers to take a look at inside the NQ to be watching as well as spotball utility those are the two most important levels to be watching are these markets bullish or bearish that's something you and I are always trying to answer if we take a look at the Dow it's a finish this off finish today segment up I take a look at the Dow equity futures contract and as we take a look at it here's what we know so you know we spent time today looking at charts with you so getting me a second here to do that otherwise I'm talking to myself of course I'm always talking to myself but then I would really be talking to myself and I don't want to talk to myself I'd really like to share this with you and here's this chart here's the Dow equity futures contract and so we take a look at Stevie's horizontal green and red lines the TD 9 breakout and breakdown levels green lines are the breakdowns red lines are the breakouts and when you make a top which the Dow did the Dow equity futures contract the role of sellers is to see if they can bust out support and we know that Stevie's red horizontal lines are support it's where price broke out it is a cool tool prior to having this tool prior to utilizing this I would have been using the only other thing that I had for a breakout looking for a wide ranging bar with volume or looking at the previous swing point that's not interested in old information we're interested in tools here that help us identify support and resistance here's what the Dow did it moved back it tested and rejected 27337 that was a buy the dip area but we've got topping signals who is winning this tug of war and I'll tell you 156 in the afternoon I don't know it's more neutral than anything else Dow equity future a close below 27337 the whole scenario folks stay tuned two more great hours coming up your favorite polar bear David white Tom O'Brien from three to four and Stevie son we'll be back with you tomorrow from one to two have a terrific Thursday look forward to seeing you then