 The following is a presentation of TFNN. The Traders Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now Steve Rhodes. Good afternoon folks, welcome to the February 7th, the Magical, Magnificent edition of today's Traders Zed Show. I'm your host, Steve Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right, when you and I make that one little two-by-four shift, well, it means we can find the gift in every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what these bulls and bears, what these buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in 877-927-6648. If you can't dial in, we've got you covered there, too. You can always send me an email. You send it to Steve at tfnn.com. And inside the subject heading, please put radio show question, of course, in our Tigers. And well, any and every ping will do. So let's go ahead and get this show started on Magical Magnificent Marvelous Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to Let's Show. Right now we got the mixed bag out here. You've got the Dow up slightly, 17 points. Basically, flat. The S&P's off three. Flat. Nasdaq 100 a little more than flat. It's down 47 points or three tenths of a percent. The Russell's not flat. It's up a half a percent. Nine points out there. The Summai's up 22. Trendy's up five. New York Stock Exchange is up 35. Gold's up 12 bucks. Trendy's up 12 bucks. Trendy's up 18. 19. Silver up 57 pennies. Trendy's up 23. 05. Lights recruit back a buck 20. She's trading out at 91. 11. Lead the charge. Dollar wise, the upside. We've got booking holdings. 48 bucks. Amazon 39. Micro strategy. 24. Snowflake up 23. Transdigim group up 16. To the downside, it is Google off 61 bucks. Chipotle 21. Sarin's ink off 22 or 34 percent. Netflix down 11 bucks. Nearly 3 percent. And Facebook off 11. Facebook looks just horrible. Facebook is trading below last year's low. Folks, if you want to understand when a signal generates a bearish signal or a bullish signal, all you have to really do is take a look at last year's highs and low. In the case of Facebook out here, we'll just take a quick peek at it. We'll put up the chart here for Facebook. What we're going to see here is that, well, that's not the annual chart. We're going to do the annual chart to do that. So let's get this switched over to an annual chart here. And you will see. Now, Facebook, since it's coming public out here, it has never traded below, never traded below a prior year low. This year right now, not only is it trading, well, it hasn't closed below it for the year, but it most certainly is. So there's something else, there's something wrong going on with Facebook out there. So just simply that's what's going on. Sometimes if we just use the simple things, and this one here is a very simple technique, is just trying to understand where an instrument is trading on an annual basis to make a determination whether it's in a bullish mode or a breakout mode or not. Okay. So that was with regard to Facebook. Let's go take a look what's really going on in the equity futures markets out here. So we're going to switch charts. If you give me just a moment, we'll change the screen and we'll go to the daily time frame, the daily time frame in the upper left-hand corner is going to show you the ES mini. So here's what we know so far. The ES mini has a valid bottom. It was a buy the D point bottom. It was formed with this hammer candle. And Gartley buy pattern out there. Gartley buy. Now I have a couple of different profile levels out here. Unfortunately, there are time from time to time, the Ninja trader uses the same data, but the same data sometimes will generate different profile levels. So here's what we know that's most important about the ES mini. And that is this, is that is price is still holding its red oscillator and change line. Now red is dangerous to the upside because when you're just trading above a red oscillator and change line, just as you may rally, not that you are in breakout mode, but you could rally up to the next resistance point. So here, because there was a three river evening star for getting the profile levels, the key area of resistance for the ES mini is the high from February 2nd. And that high out there is 4586. If price were to close above that, we would then have an A to B equal CD pattern to the upside. Or we would likely have that. There's no TD9 counts. There's no topping signal out here. And with price above that red oscillator and change line, we have to entertain. We don't have to. But I'm suggesting that we entertain the idea of a further rallying and maybe where does it, you know, go to put. If we take a look at the NQ out here, the NQ, so this profile is actually the same as on my black background charts are very close to it. And the most important thing to identify here to recognize here is the fact that this has a bare structure profile price got above it. On Friday, what happened on Thursday of last week, price pulled back to the level where it should have pulled back if the message here was just simply a counter trend move to the downside. So John inside the Tigers then asked me a question about the NQs thinking that, hey, maybe this is just lurking in this 14,000, not 14,000, well, 14,800ish area and 14,874 is what I pointed out to him is the top of the profile. So absolutely we've got sellers that are here, but we really have two different meanings. I don't know which one is going to come to fruition. But I do know that unless the NQ closes below 14,484, all that the NQ has done is suggesting to you and I that price wants to move to the upside, not to the downside, at least just yet. But look, you've got sellers at 14,874, absolutely. But if price get above that, that's going to increase the odds of at least a run to 15,653, the TD9 count breakdown level. No other patterns that are out here other than the potential of an A to B equal CD to the upside, but we're not there yet. The only piece of it is, again, taking a look at these profiles, seeing price action, what it's doing here. And right now the signal is counter trend move in that pullback expecting price to move higher. If we take a look at the Dow equity future contract, well, it has a by the D point pattern also price pulling back and just testing that red oscillator and change line. So in this case here, price is held. Now the real resistance level on this is going to be the high from a few days ago, the high from February the 2nd. And that high out there is priced at $35,590. If price were to close above that, that would tell us about a move to $36,390, the TD9 count breakdown level. Now in the case of the Russell 2000, the Russell 2000 has a confirmed TD9 count bottom. It has a wave number seven, that's letter G. So it's got those two patterns that are out here. And in the case of the Russell 2000 also holding its red oscillator and change line. But I'm going to switch back to the black background chart so you can take a look at those profiles as well. So they are slightly different in some instances out here. In fact, in the Russell 2000, it's a gigantic difference. I want to go ahead and show you those. Again, both are valid. We use both of them. But here we take a look at the black background charts and you look in the very right-hand panel for the Russell 2000, you're going to see this as a gigantic bearish structured profile with support holding in 1982. And that would suggest that price may want to run to the 21-52 level. In fact, we've got some fairly large, wide profiles. The Dow's profile, the YAMPS profile, the one that is in play right now, that is the third largest profile since 2007 as far as points are concerned out here. So how do we summarize this? We'll summarize this by coming back and taking a look at the intraday time frame charts out here. But we either, it looks like, are forming an A to B equal CD to the upside or an A to B equal CD to the downside. And Steve is not sure which one it is just yet. Steve Rhodes with TF2N will be right back. 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. Visit for Steve's Market Newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TF2N, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TF2N.com and try Mastering Probability 30 Days Risk-Free Today. TF2N, Educating Investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. 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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. All now, toll free at 1-877-927-6648 internationally at 727-873-7618. Well, Matt Crooks, let's try to clear up some of Stevie's confusion out here, and we're going to do that by taking a look at the weekly chart for the Russell 2000. Now, you may remember, may recall, just before we went into the breakout there, we were looking at the daily timeframe for the Russell 2000. We were looking at a very wide market profile out there with support having held, which was in 1982 on the daily basis, and the resistance zone is between 2152 and 2180. We know that's where sellers reside out there if price were to make it up to that level. Well, when we look at a weekly timeframe chart, what actually transpired last Friday for the Russell 2000, which is the weekend to see out here, it generated a weekly Gertley by pattern. Now, there's not a lot of weekly Gertley by patterns in the Russell 2000. I don't know, I may not have to go back and look at them, but if you want to take a look at coming off of the March 2020 low, this is the first Gertley by pattern that's out here. Okay, so what does that mean? Well, when we take a look at the oscillator and change line, we know that it changed colors two weeks ago. We know that when it changes colors, whether it's going from red to green, or green to red, that that's a signal that the move, whichever way it is to the upside or the downside, is likely to stall, and that we should see price-net now, it may be a combination of price moving lower or higher, the line moving lower, but right now, that's price of 2132. Remember, on the daily profile, the range is 2152 to 2180. So the signal that is coming from the weekly timeframe chart for the Russell 2000, the weekend to see, is its form to Gertley by pattern, and that says that price should go target that oscillator and change line. Now, that may be the extent of the rally, where again, that right now is priced at the 2132 level. As price, as a time moves on here, but that right now is our range. So to try to clear up some of that confusion, where I said, I don't know whether we've got an A to B equal city of the upside or to the downside, and we have the Russell that is outperforming today, so the Russell is actually doing what it generated from a signal standpoint that you and I on Friday based upon its weekly timeframe chart out there. So I'm leaning more towards, we need more information still, but leaning more towards this pattern here is sending a signal to you and I that we should expect a rally inside the equity markets out here. That would of course get negated with a close below the low of the pattern, and that would be the low of the last week, no, two weeks ago in January, that would be the area of 1892-40 out there. So if I take a look at the other timeframe charts out here for the Russell 2000, again the daily, we've already taken a look at its signals, we've got bottom patterns on the 30-minute chart, a TD-9 count, no, you've just got a Rosemont Dominicator signal on the 60-minute chart, on the 120, what does Stevie have out here? Nothing I can see that jumps out at me on the, well, on the five-hour timeframe chart, we've got a TD-9 count. So if, so that's a good timeframe for us to use here. This would then suggest if price can clear where it's trading right now, 2011 90, I'll give you the exact number out here. So that was at 2011-80, and we're 2011-80 right now, if price can close above this level, you shouldn't see it move up to 2052-40, that's the TD-9 count breakdown level. If price closes above that, then that A to B equals CD pattern on the daily timeframe chart will likely take hold, now what's that going to look like? Good question. Let's go switch back over and take a look at that possibility. So let me change screens here back to our black background chart. And the A to B equals CD for the Russell 2000, a daily basis out here would look like this. The A point is on January 28th, the B point is the high from February 2nd, and the C point would have been last Friday out there. And that would take us up in the 21-22 as the 1-1, and the 21-67 level for the 1-1.272 A to B equals CD patterns out there. So the Russell is the one that is providing you and I with the potential of the signal as to what the intent of the markets are. And so then how you place that together, if that's going to come to fruition, then I can tell you that the next level, the next thing to fall to confirm that message is going to be the spot volatility index, which right now is trading out at 23 bucks, even Steven, and the level that it needs to close below is 2234. Now, whether it does that today or it does that tomorrow, maybe it doesn't do that, but not until that point in time when the spot volatility index gets below its 50-day expense moving average. Will we be able to further say that there's that possibility of an A to B equals CD to the upside? But I do believe it's a Russell, and I don't mean to belabor this is one that is generating the signal that says that is the likely outcome with the weekend to C, generating the weekly bottoming pattern out there as well as the daily time frame. Now, there are four or five requests that have come in by email out here. So let me get to these. I don't want to get too far behind. Hector wants to take a look at ExxonMobil. So, if you give me well here, I'll just get the three time frame charts going. And ExxonMobil, I believe that what Hector is interested in, mostly is the, because he loves that A to B equals CD pattern. So here's the weekly A to B equals CD. Now, this is a small one. Let me just expand out the chart. I say it's a small well, it's gone away. So now that I expanded it, let's take a look at it's really not a small one, so to speak out here. Let's take a look at the A to B equals CD pattern. And I'm just going to start with just slightly more conservative. Not much more conservative, but I'm going to use the low out here, Hector, from the trading day trading week of that began October 26th. That's our A point. Our B point, the week that began June 21st, the C point down into August the 16th. The retracement was a 0.382 retracement. It was really 37.93% out here. The volume on that swing point, that B point from June 21st was, well, I can't see it. Now we can. The volume there was 116 million shares. It was passed with 151. So there's your confirmed A to B equals CD at the upside. So on a longer term, which is what Hector and Patty are interested in, this has a 1 to 1 price target of $85.91. More likely than not, I would say $95.11 would more likely be at least it's target. In other words, I'm saying this is more likely than not to do more than a 1 to 1 A to B equals CD to the upside. Stevie, get your grammar in order here. So $85.91 is one target. $95.11 is another target. If you take a look at ExxonMobil, it is traded above its weekly, daily and monthly profiles. Now in the case of ExxonMobil though, let me get the other charts here. If you give me just a moment, get back to these radio show charts we'll pull over ExxonMobil. What ExxonMobil is doing on a daily time frame, as it is generated, a TD9 count pattern is going to be up. Now the actual high of this pattern is going to be today. Whatever today's high is, is the key level to watch. So far, the high for ExxonMobil today is $82.76. That doesn't mean that's what the high of the day is going to be. Whatever that high is, that is a key threshold level. So Hector, if for example tomorrow, whatever that high is, price closes above that, the TD9 count pattern will have been negated and bring into fruition that weekly chart out there. So that's the only topping signal that we have for ExxonMobil. There's also a TD9 count pattern for Lightspeed Crew. So no big surprise that it's, you know, kind of stalling today out here. The weekly chart only in bar number seven, so there's no topping signal there. In the monthly chart, basically bar number six this month. And this is suggesting over time what ExxonMobil wants to do is get up to 100.43 out there. Now I had made a comment earlier about Facebook about how just a simple tool take a look at where an instrument is trading relationship to the yearly charts out there. We'll tell you whether that instrument is in breakout mode, breakdown mode, maybe just consolidate into what have you. So here on this right-hand chart, we'll go from the monthly to the yearly time frame chart and voila. You got ExxonMobil in full out breakout mode. It's not just above last year's close. It's above last year's high, which is 66.38. This suggested ExxonMobil wants to continue to move higher. $95 zero to a TFNN. We'll be right back. We'll be right back. We'll be right back. We'll be right back. We'll be right back. Stop watching on the sidelines while other people get rich and become the investor you were born to be. TFNN, educating investors. It allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, 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 additional 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. We're looking at ticker symbol here, PRQR for dan inside the tiger stand. And this is pushing into a swing-point dan with volume. So it's trading right up into where sellers are at, the top of the daily profile, $587. You've been up today as high as $599. And the swing-point here is from a few days ago, the trading day of February 2nd that had volume of $873. You're already $840. So it's pushing into that swing-point. If it can close above, it really needs to close above $596 out there. Then yes, you're right, then the next level would be $619. At $628, you also have a little resistance. That's the top of the monthly profile. So the answer to your question, I believe that you're looking for, what level does the PRQR need to close above to suggest that it wants to run higher? Go with $628. Your price can do that. Then it at least likely gets back to where it has been consolidating in the nine-ish, $865-ish type area. You had mentioned $764. That's the center of its profile. I would say more likely than not, inside this weekly profile, that it would more likely than not target the descending trend line out there, Dan. So that's what I see. So this looks like it wants to take off and explode. It still has to overcome those sellers. It has the volume to do it. So the question would be, why hasn't it done that? But it may do that by the end of the trading session. So thanks once for the question. Hope that helps you out and have a terrific day. Craig writes in, and Craig says, greetings, Steve. Would you like to talk about land? Six to 18 months out. I'm not that good, Craig. But we can go take a look at land, L-E-N-D. First see what it is. Try to give you our best analysis here and try to figure out what it's got to do first. Also perhaps for another time, okay, all right, so the other one I will reply to privately on. And let's take a look at the Gladstone Land Corp. Which right now is consolidating with inside of its daily profile. It's between a support level of $28.99 and a resistance level of $31.66. On a weekly basis, price is also trading a moment here, is trading with inside its weekly profile. Support here, $28.44. Resistance, $32.87. So kind of a little bit exceeds the lower part of the daily and the higher part of the weekly. So that seems like the more likely consolidation pattern. And on a monthly profile, it's going to be a breakout mode from a profile standpoint by trading above the top of its monthly profile. Let's pull this over here. Take a look at the daily, weekly and monthly charts. You're wondering what this is going to do for the next 6 to 18 months. Well, here's what we know right now. Back on the 28th what land did was generated a TD9 count bottom. It also generated a buy the D point. Which in this case here generated a Gertley buy pattern. So it did it with that bullish hammer candle. So to the downside, it is that day that is most key to you. And that's at 2826. If price were to take that out then we'd be looking at an A to be a larger A to be equal CD to the downside. That would signal a move to 2301. The oscillator and change line has contained price. It did it on Friday. It did it on Thursday. You broke it just slightly above it on Wednesday but it found resistance at the top of that profile level. So right now I've got nothing more than a consolidation. Now, as this pulling back was Friday, the C point of an A to B equal CD to the upside I don't know. It's a possibility but we can't go there just yet. So you've got the work cut out for you and at 3246 would be the only level on a daily basis that price would have to close above to give you the all clear sign as this were to move up to the upside. So forms a TD9 count top forms a TD9 count bottom and now we kind of have this consolidation pattern and so maybe that's really the message right now for us. Craig is consolidation on the weekly chart also as a TD9 count top price pulled back to test support the bottom of that profile so that just says okay consolidation oriented and on a monthly timeframe chart I have a sell the D point because that dark cloud cover and this would suggest that price could pull back to test its asset and change line. Hey look you could do more than that but 2691 on any pullback should be a level of support. So all in all I think what we have here is just a good old fashioned consolidation right now and not anything else to give you a idea as to where this thing might head for the next 6 to 18 months but I do appreciate the confidence in asking Steve to that question and if I had an answer I would absolutely give it to you but I don't. With regard to your other items I'll get back to you probably will be later today because it's a busy afternoon but I definitely will follow back up with you and if I don't please send me another email just as a gentle 2x4 reminder because you know when you hit me upside there with a 2x4 that means everything is happening for me. In fact Dan in Boston you've got that 2x4 as an emoji somewhere you can go ahead you can well now the next time I screw up here there you go all right you can you can ding me with that. Let's go to Peter's question Peter says boy Peter this is really small print my's are good they're just not that good so it says Steve I can read that out can you look at the New York Stock Exchange Advance the climb line please please during the rally did I get to the 0 or the plus 150 area so now those are two different things though 0 150 area I believe maybe maybe you're still talking about the advance the climb line but let me get to the New York Stock Exchange charts out here so on this case here the center line is the advance decline oscillator which may be what you're talking about the plus 150 or minus 150 the six I've got down below the minus 250 here which is an extreme oversold reading and we've gotten the oversold bounce now in this case here our price is still below the zero threshold level to see advanced client oscillator and that says that the markets are in the hands of sellers you would ask about the advance the client line so if you give me a moment here and I will pull that up on this chart I'll close down well let me just first open that up and see what that does shows us so give me a moment to do that where is it advanced the client line here we go so up at the top here is your advance decline line so it on the advance the client line again I'm not sure what you're looking for here this peaked out sometime looks like right around the first or second week in November of 2021 never since then it's been declining but it's not like there's a divergence because we also have the same time the advance the client line was peaking out we actually saw a peak in the New York Stock Exchange as well now there was maybe a slight poke of that peak poke of the peak peak spike back on January the 12th but I'm not seeing any kind of significant divergences Peter this is Peter from Park Street okay cool so Steve can you look at the New York Stock Advanced Decline Line so I've got that but again I'm not seeing where it's providing you and I with a ton of information but I couldn't be over looking at it I'm just putting a 30 second if even that long look at it but with regard to your minus 150 level that I believe you were talking about the advanced decline right now that reading suggests that that reading suggests that sellers are the ones that are in control of the market now the Summation Index is the next panel below so I have that colorized meaning when it's green it tells me the advanced client oscillator is above zero when that advanced client oscillator reading is below zero that line turns red out there and tells us whose hands the markets are in so I hope that helps you out Peter thanks so much for the question and Park City is great my daughter was out there a couple weeks ago and said she just simply had a blast well how do you not have a blast in Park City James writes and James says hey Steve would you do your analysis on a Pfizer PFE just to have a small starter position you'd like to buy more so let's do this PFE is the ticker symbol out here let's go see it in what it is doing so right now if we take a look at Pfizer starting position right now with regard to PFE it's trading with inside its daily profile so your support level here James is going to be down at $50.93 and your resistance level is $54.82 so we come back to this break that will give me just a little bit of time to do a little bit more work on Pfizer out here and where is this trading relationship to last year's prices just kind of interested in knowing the answer that question certainly not a kind of breakout mode so we need to see some really strong bottoming signals to take a long position we'll be right back 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 call 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 the 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 shaped today's markets and tomorrow's future David White has made his living staying on the 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 to 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 $37.50 Sign up for David's newsletter the technology insider and get an inside look at everything the 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forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV welcome back folks we're taking a look at Pfizer we've got the yearly chart back up on our screen here so in addition to James not trading above yesterday's last year's close high you've got a TD9 count top it's the bar following bar number and nine out there and this suggests caution and they've taken long position we're going to step through this but I'm you're going to hear the words caution out of me or if you haven't you you likely will hear it again while we talk about Pfizer at least that's the message from the daily chart the monthly chart out here also has a TD9 count top though when you complete TD9 counter any kind of topping pattern out there or bottoming pattern where that typically says to Stevie is price will pull back to test that key level of support which is typically first the oscillator and change line in this instance here this says that price is likely to go target the 4804 years type area that's where the oscillator and change line for the monthly time frame is currently printing on a weekly basis out here you have another TD9 count top now price is pulled back and tested the center of its bearish structured profile much like the NQ if this is just a counter trend move then price find support continues to find sport at 51 30 so James that's going to be a real key level for you to observe because their price closed below 51 30 doesn't even have to close below the bottom of that piercing candle just a close below 51 30 would signal 45 44 to 4257 so your message to me as you have a starter position and make sure I keep a stop in that we haven't got to the dailies yet but we will momentarily you'd like to buy more the buy more here is at a much lower price I would say 45 42 57 based upon the yearly TD9 and the monthly TD9 out there and that's the breakout level the daily time frame shows us what it shows a completed Gartley buy pattern it does that when it generates as Bolshean golfing candle on January 25 now confirm bottoming patterns or topping patterns in this case here confirm bottoming pattern says hey I'm going to go up and at least get to the oscillator and change line I mean you hear you you hear me say this over and over again and then we get to watch it repeat and watch it do its thing in this case here that's exactly what Pfizer did after to confirm that January 25 by the d-point or Gartley buy pattern when it generated that Bolshean golfing candle what is that what a price do it stopped right at that oscillator and change line it was also near the top of that daily profile but then four days ago what happened James is that oscillator and change line change color and you got that test immediately you got it on the very following day and that is a bearish test not until price closes over that oscillator and change line which is currently 53 72 will suggest the potential of a further rally to 54 82 maybe 56 75 but right now the message is bearish and it wants to trade lower so this is likely going to pull back to 50 93 and if it closes below really at this stage here it have to be the low of January 24th out there that low is 49 82 if you close below that then that would be the signal that Pfizer is getting ready to take a dive to the downside so you've got all these topping signals on each of the time frame charts that we looked at except for the daily that has a bottoming signal but it also generated a couple of days ago a bearish signal that price at least once they had lower and maybe move back to test that next level of sport at 50 93 so just be careful on this one James I see the bottoming pattern but when I take a look at the larger time frames out there it just really suggest being very cautious when it comes to Pfizer and I'll just go on record I would not be surprised to say that the high in Pfizer was last year's high that's really what it looks like out there so I hope that helps you out thanks for writing in so we've gotten through it appears we've gotten through just checking just to make sure no we did not get through all of them there are a number of other questions that have come in this one from Tim Tim M. Tim says does look like APTS is close to a bottom so let's go take a look at this APTS first let's go figure out what APTS is and let me get to APTS I want to my other chart so close to a bottom hmm okay and this is trading up towards its highs am I reading this right does look like APTS yeah that's what we've got here is close to a bottom hmm okay let me pull over the other charts out here because you're trading up at the highs out here so let's go find out when this last form day bottom if we can find that so you've got certainly an 8 this is the daily I'm sorry that's the weekly chart let me just start with the daily on this one kind of get a feel for anything that we're looking at so this form to TD9 count bottom so your bottom most recent bottom Tim looks like that formed on well the TD9 count pattern didn't complete until the 31st it was bar number 8 that generated that low remember you do that form that bottom price typically takes up the oscillator and change on which it has done today you're above it and what prices dealing with here for APTS Tim is 1801 and 1801 is a TD9 count breakdown level if price able to close above that all that's confirming is a price going to go make its way for its recent highs out there and I'm referring to the highs from January 3rd that gets you back into the 1927 this area so 1801 to close above that but with regard to its last low that was a TD9 count pattern and there was also an A to B equal CD that completed on that piercing candle on Barnabere trade on January 28th with regard to the weekly timeframe chart what do we have out here certainly an A to B equal CD to the upside that completed to sell the D point but price above that oscillator and change line which is green this suggests that price wants to go tag that shooting star that high out there in the you know 19 and change level what's the actual high out there that is going to be $19 and 27 cents the monthly timeframe is not bearish at all we do have an oscillator and change line that did change color but we don't have the topping pattern so yes price that line should catch up to each other but that is more likely to form when we get some type of topping signal we do not have that so this is suggesting both the weekly the monthly charts are suggesting higher price in the daily says you close above 1801 and it definitely should go back to its highs now from a volume standpoint you've got volume so far today of 470 got is it got hasn't already gotten to the swing point that swing point at 1.9 million shares but hasn't gotten there just below it let me make sure the low is 1830 the high today 1827 so you prefer to see this thing not try to take off today and go test that because then you'd have a rejection of a swing point on lighter volume that's usually not great news out there so Tim I hope that helps you out with regard to the CES thanks much for taking the time to write in. Susanna writes in and Susanna says like to see her now some bitcoin and Mara Mara is in a bitcoin bitcoin mining you're long you'd like to have the position is a time to do so do you know what company or platform is legit to use for crypto currency trading I've been scammed by a couple of them and I'm scared to deal with anyone I do not know I don't have any experience in trading bitcoin other than I did take a trade in the bitcoin futures so that I've got confidence in but I don't think you're trading bitcoin futures out there I don't I really don't know enough about crypto so I can't point you in a direction there but I can point you in a direction as to what Mara is doing and what a bitcoin is doing so yes about bitcoin first so let me switch over to those charts here we'll find it and I believe we're going to be rolling over into the next bitcoin futures contract out here within a couple of days Coinbase is the safest it's what's being thrown out there as Coinbase for you but just use some caution so what we've got out here is still the the February contract is still the active contract for bitcoin and on Friday it closed above the top of its profile which was 38242 and if we take a look at the March contract which we'll be rolling over here shortly price is taken on that resistance level so it closed above 43 630 for the March futures contract for bitcoin it's going to suggest higher price zeroed with TFNN Susanna will continue looking at bitcoin as soon as we get back from the spring 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 and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. eastern for free each host is an 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follow through today you're really right back up to where price found resistance back on January 13th but we don't have is any kind of profile or anything of sellers out there so it does look like bitcoin wants to continue to move higher that being said you asked about mara as well just going to go to the white background charts we'll have about a minute before the show is over and as we take a look at this out here what I see is um and I don't really see a bottoming signal doesn't matter price is trading with inside a bullish structure profile and to the extent this is going to follow bitcoin you say that it is then what price should do is make a move to $29 or $31.39 if price can close above $31.39 then you've got something here that's a TD 9 count breakdown level the weekly chart out here shows that the oscillator and change line change colors and you have a TD 9 count bottom so that really suggests now there's a battle that's going on right now and that's at the center of its weekly profile and that level is at $25.84 the top is at $30.11 top of the profile but because that oscillator and change line change colors and you've got a confirmed bottom mara should make its move up to that $36.96 level out there so Suzanne I hope that that helps you out thanks much for writing in and everybody else I want you to stay tuned because we've got some great programming lined up after this show we've got our favorite polar bear David White he's up next and then Tom O'Brien he'll take us on home so to recap the markets out here you've got the ES mini in the NQ you've got those nice descending trend lines you've also got rising trend lines out there remember that the the Russell 2000 weekly time frame chart has just generated the first Gartley buy pattern since the March 2020 lows out there and that suggests we should see the Russell 2000 rally gold we're looking at that to move up to the 1830ish level and if silver can get above 22.78 an inch and move to 23.34 have a magical Monday folks thanks for joining me