 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 afternoon, folks. Welcome to the October 21st. Today is the 21st. It's the magnificent Monday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes. It's absolutely great to be with you. Of course, I truly appreciate you being here. Look, this show is for you. This hour. This next hour. It's really all about you. And so I'm here to serve you. So feel free to give us a call at 877-927-6648. If you can't call in, we've got you covered. I believe we've got you covered. Just let those fingers do the walking. Go ahead and send me an email. Steve at tfn.com. In the subject, if you'd be kind enough to put radio show question, that would be great. And inside our Tiger's Den, any ping will do out there. So let's go ahead and get this show started on Magical, Magnificent Monday. Forces is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now, the Dow. All the indices are in the green, including the Spot Ballatility Index, which is unusual with the S&P up 17 points. Now, the Spot Ballatility Index is not up by much. It's up by three pennies out there. But it is something for you and I to think about, more than think about, to pay attention to it. But you've got the Dow up 32 points. It's about a little over one-tenth of a percent to the upside. A six-tenth of a percent for the S&P. That's 17 points. NASDAQ up seven-tenths. Russell up one and a quarter percent up 19 points. Summars are up nearly one and three-quarters percent out there. So a lot of movement to the upside, to the downside. Gold's up six bucks. Silver is up. A penny. Gold is up. Fifty cents. Forty-six pennies. Got natural gas down three percent or seven-and-a-half pennies out there. You got the T-bonds are off nearly one full point out here. Thirty ticks as we speak right now. So there's plenty to look at. Of course, I want to look at what you want to look at. So let's go to our first request out of this. Came in last evening at about 10 o'clock, I believe. This is coming in from Leonardo DiCaprio. Very close to it, though. And Leonardo writes, Hey, Steve, I was thinking CCI was about to break down. So let's go turn over here, CCI. Let's go take a look at it. What's going to show up here first. And we'll read the full question. But now you've got the daily, the weekly, and the monthly timeframe charge. What we know about Crown Castle Inc. Right now is prices trading above the daily profile inside the weekly and above the monthly profile. Now, those profile levels provide you with support and resistance out here. So I was thinking that CCI was about to break down when it pierced the recent, when it pierced the recent 135.23 low out there. Okay. And however the stock quickly turned around. Do you think a projected top of about 159 is valid? So 159 just simply is using the previous range out here. So let's go take a look at this and kind of get a feel for what our charts say. So in looking at profiles out here, Leonardo, the only thing that we have for resistance is 149.47. You asked about 149.47. I can't argue with your numbers. They're my numbers. They're our numbers. They're coming from our TAS market profile system out here. Now, what you'll want to watch, I'd say is, so if you take a look at the weekly timeframe chart, we'll go look at some other tools out here. But if we take a look at the weekly timeframe chart, one of the things that we should note is that the current profile is bearish in structure. Now, what I mean by that is the center line of its box, where both buyers and sellers are, where both buyers and sellers are, is right where price is trading right now, which is at about the 142.02 level, 142.04. And so if price closes below that area out here, Leonardo 142.02, chances are it won't make its way up to the top of that profile, 149.47. It's sitting right on it right now, so it's kind of a neutral signal to you and I as to which way it really wants to go out here. It really broke through, or it broke through the top of its new profile with some volume on Friday out here. Now, if we take a look at our other charts, let's go in kind of reverse order here, right? We take a look at the monthly chart. We don't see any kind of resistance. But therefore, we need to go to Steve's other page and charts out here just to see what other patterns there might be. And voila, last month, the month of October was a bar number nine of a TD setup nine count. This suggests that a potential significant top would be in place out here, at least significant enough for price to potentially pull back into the 104.22 area where it broke out on a monthly basis. Now, if that's gonna happen, Leonardo, you're gonna need to see price close below Steve's green line, 135.46. So you get a TD nine count top. Price pushes down to test support. So far, support is held. That's 135.46. So watch that area as well. I wouldn't be tough from a longer term standpoint to take an investment in it right now knowing that there's a topping pattern that's in play. But that's just the monthly. Let's go look at the weekly timeframe to see what patterns are out here. And when we go ahead and expand this, we can see that what CCI did on a weekly basis, but it made a rose momentum indicator top. I did that with the shooting star candle out here. This was the week of September the 6th out there. Price is very falling week. Nice wide-ranging bar to the downside. Cascading below Steve's green line out here. So this may just be a countertrend rally that is in play out here. And so you were saying, hey, it might fall apart. Well, there's the potential here for an A to B equal CD to the downside based upon what we're looking at right now. The reality is I have to use the same candle. That's last week, both the high and the low for the B and the C point out here. But let's not get too hung up onto this because it doesn't come into play unless price closes below 133.48 out here. But both the weekly chart and the monthly chart are suggesting caution to us. And when we take a look at the daily timeframe chart for patterns out here, I don't have a pattern that I would use, that I use that would signal to you and I that there was a bottom, well, maybe, maybe. There was a three drive to a sort of a three drive to a bottom pattern out here. Nah, we're not even going to go there because then I'm trying to force things. I don't want to force things. So I don't really see, I don't have the pattern tools that I use that help us identify tops and bottoms. Not every top and every bottom out here. It's just when they're present we pay attention to them. I don't have that for CCI to then understand why did the bottom and make that move. But at this stage here, what we're going to go with, Leonardo, is it's just a countertrend rally that doesn't mean that price can make it to the 149-47 level. I would be watching the centerline of that weekly box. That's at the 140-202. I hope that helps y'all. Thanks for taking the time to write in. And folks, I want to hear from you too. So I don't see any other requests thus far. So let's just simply go take a tour around the markets. All of Mr. Bill is asking about CCL, Carnival Cruise Lines. I think you're asking about it. So let's go ahead and put Carnival Cruise Lines up there. Just in case I misinterpreted Leonardo's I for an L. Hey, that sounds good. Now the statement was weekly A to B equals CD. Okay. So as we take a look at CCL out here. Oh, geez. Geez, Louise. It wasn't Geez, Louise, Mr. Bill's question. It's just there's so many A to B equals CD patterns out here, Mr. Bill. Which one do we choose? You know, here's one, right? If we just simply start from the top, your A point out here is the day. We're looking at a weekly chart. I'm sorry, the week of January 29th. The B point I'd use is July 2nd. And the C point looks like September 24th. And, you know, yeah, it looks like a 1 to 1. We had the 1 to 1, 1 to 1.618, 1 to 1.272. We're going to go have to check our other charts to see if there's any other kind of bottoming patterns out here for carnival cruise lines. Steve Rhodes with TFNN. We'll be right back. We'll be right back. 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. 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You can still visit us at the same tfnn.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, where it's a great way to help you find your way through the market. So, if you have any questions about the TfN website, go to tiger.com or email us at tfnn.com. And we'll see you next time. Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions, 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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. So we're taking a carnival cruise lines right now and we were looking at the black background charts out here. What we do know on a daily basis, price is above resistance, potential change in trend signal out there, straight in at 4335, resistance being the top of its box. We're gonna go find another resistance area, most likely on my white background charts out here. And we know that price is trading with inside a weekly profile. This is a weekly profile that formed this week. So this would suggest that price should make its way up to about the 4540 level. The new profile on a weekly basis is equally distributed. I mean, the center is pretty close to the center of the box out there. So neither bulls nor bears have the advantage here. The monthly chart looks like a potential hammer candle I could be forming, but the month is not over. Now we were looking at the weekly chart bill, was looking at the A to B, all the many A to B equal CD patterns that are out there. But as I was sharing with Mr. Bill during the break, we can see on a weekly basis, CCL tops with a TD set up nine count out here. Does a September 21st, 2018. And last week we got the bullish reversal signal, Three River Morningstar pattern with price moving lower doing less relative energy. The roads momentum indicator, price is trading above Stevie's red line. So the weekly chart says this has the potential to make it up to 5386. That's where the weekly breakdown level is. Of course, we wanna look at the daily timeframe, but we'll first go to the monthly. Monthly, what's the signals out here on the monthly? We can see how a top with a roads momentum indicator signal. Let's see where we add wave counts to the downside. So this week, this month, I should say, happens to be wave number seven, letter number G out there. So Mr. Bill, we know that at wave number seven, that's where you can see significant changes in trend out here. And so this is certainly a longer term, a monthly candidate for carnival cruise lines to identify the bottom. So that put together with the weekly, looks pretty good, what was the daily chart? Signaling to you and I out here. Bottoms with the TD set up nine count, does it on bar number eight out here on October the eighth? So that's a beautiful thing. It looks like what price is doing today is bar number seven. So if you're in it, you would stay in it to win it, but you wouldn't really get into it today, or I wouldn't suggest that you do, because resistance where price broke down is 4421. Or nearly I would have prior to utilizing this Tom DeMark tool out here, we would have gone and said price would move back to that gap to the downside from September 26. And I'm not saying that it won't do that. I'm just saying that you and I have a better tool to help us identify where stocks break out and break down to where resistance and support is versus just using what most everybody else is using out here. And so this just simply, it's a great tool. I suggest that you use it. Today's day seven, it could be day eight, nine or the day following nine. So it could be by Thursday when this tops out and pulls back. I don't know if it will do that. We just know the resistance is relatively close to where we're trading right now. Of course, ideally you'd like to see a close of about 4421 out there because then a breakdown area would have failed and it would say change in trend out there. But at this stage, Carnival Cruise Line has a bottoming pattern on the daily, which led to the bottoming pattern on the weekly. And you're now in wave number seven on the monthly Carnival Cruise Line that looks like you should go cruising. If you're a cruiser out there, of which I am a cruiser, just not on a boat that big. I like people. I just don't like that many people. No, I like as many people as possible. Just not how many thousands of people on one boat, same pool, all that kind of stuff out there. Not my cup of tea. I apologize for those of you that it is your cup of tea. It's just not my cup of tea. Okay, so let's go take a look. We had, Jimmy wanted to take a look at the, so many out here, James. Let's take a look at, you wanted to go take a look at S-O-X-S. We really want to look at the underlying instrument though. Don't we want to really take a look at the semiconductor index? Why don't we just do that? Is that okay with you? I'm gonna assume you're shaking your head yes and if you're not, then bad assumption on my part. But if we do go take a look at the semiconductor index, let's go see what it is that we see out here. What we can see is that we can see, we can see what, what can we see out here? You know, we've got this nice three drive to a top pattern. They're really set up this high at the 1626 level. The first time back there, Jimmy was on and was set up, a TD set up nine count back on September the 12th. So back to a prior high, price goes ahead and breaks down with a topping signal. What we don't have right now is a topping pattern. We don't have a topping signal out here. Price is above Stevie's green line, but we don't have any clear break of 1626. If the semis are gonna run higher out here, you're gonna see a close above 1626. Unlike Jimmy back here on September 12th, you know, let's just say we were looking, this was September 11th, when you and I were looking at this chart, you know, we would say, okay, very caution, be very cautious here because it looks like this is right where price could break down again because of the topping pattern and that three drive to a top pattern out there. But I don't have that just yet. So maybe it's just a swashbuckle move sideways. There's just simply no pattern out here inside the semis. There's no pattern for me to tell you that this is a top, but you're so close to an area where resistance is at out here. I certainly wouldn't suggest that you initiate along. I could get the, I can understand the shorting of it, so to speak, but no topping signal makes it more difficult for me to tell you to go ahead and fire away at that. So I hope that that helps you out. Let's go to another question. I see you've got some other symbols in there. If we've got the time, we'll absolutely go back and get to those. Let me just get to some folks that have sent in requests. HD wants to take a look at ticker symbol, E-R-I-C. So E-R-I-C, let's go see what in the heck that actually is out here. Erickson, E-R-I-C, and Erickson trade out at 9-11, above it's daily box, above it's weekly box, and trading inside it's monthly profile. Got right up to the point of control, the center of the box, the center of a bearish structured box, sort of 9-25 out here. And your question is, would you please look at Erickson for a possible long? Okay. So as we take a look at it, let's look at the daily timeframe chart. What do we know out here? Would you take along it's trade at 9-11? I don't have any kind of topping pattern and a nice wide ranging bar on Friday, would suggest that this thing wants to move higher, move higher to where? I'd say $9.71, you're at 9-11 right now. If you're asking, would you take a long position now, knowing that you're up against potential resistance out there? My answer would be no, I wouldn't do that. If this did pull back to a level of support, you could consider firing away, support on this would be 855 at Stevie's Green Line, 832 is the top of it's daily profile out there. This is the daily, oh I pulled over the weekly. What did I do? Holy snikies. Think I mixed everything up. So that was the weekly. So let me take a look at the daily out here. How did I do that? Focus, focus, domino-cus. Well let's go change this thing here correctly so that I'm looking at the right chart. So let me change the really strange, but strange is the deal. That's what it's called. Let me change that oscillator and change line to a daily timeframe from the weekly timeframe. That's gonna look a little bit nicer out here. So okay, here we go. So on a daily timeframe, two days ago, a TD nine count high out there. So the answer is no. You want an entry point out here? We can also see Stevie's red line turn green. A handful of sessions ago, we should see price in that line test each other. So that's gonna be your entry point. Now that price is gonna change. Right now today at 1.26 in the afternoon it's 855. You're trading at 9.11. So the line may move higher, price may move lower. There could be several combinations out here, but now is not the time to enter. You got a topping signal a couple of days ago. Wait for a retracement and a pullback and the best number I can give you right now is $8.55 in those whereabouts. Steve Rhodes with TFNN, 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 trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. 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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. So LB writes in, wants to take a look at natural gas, as hope your day's going well. I'm liking the setup in natural gas. So let's go take a look at it right now. What we've got here is the 30, the 120, the five hour, the 300 minute chart, and the daily chart on the very right hand side. And so what natural gas did today, LB, so when you say you like the setup, price made its way down very close to the bottom of the profile, 2.208, the actual low today, 2.213. So it's back as up against the wall as long as the bottom of that box holds, meaning that price closes above that level, then it says, okay, you could be right. It's a slightly higher low than the bar from October 11th. Of course, it's a slightly lower high from the box on October, from the high on October 16th versus that of October 4th. So we've got the cone of silence going on out here. If we take a look at natural gas on a daily basis, we take a look at Stevie's other charts out here. What we're gonna see is price is also pulled back to a level of support. This is your Gertle buy pattern. Gertle buy pattern hasn't turned into much. That Gertle buy pattern confirmed on October 3rd when it generated a bull sash candle out there. Our price for the most part has found real resistance at Stevie's red line. It had a close above it on the 15th, immediately got back below it on the 16th, a slight close above it on the 17th, as well as on Friday back below it here today. So real sideways action. So if you like the setup because you think that it's generating a real nice bottom signal, the bottom signal is the Gertle buy pattern in as long as price, really you'd have to say stays above $2.16. That's its breakout area. It has potential. But the problem is is that the more that price trades below Stevie's red line, which tells us right now that the price offsetters below zero and with price being below the red line tells us we have a falling price offsetter below zero, that's really kind of bearish. So I see why you could be or you like the setup at the same time, be aware that there's some things about the setup that you really don't like or that I don't really like out there. And that's what I'm taking a look at. If we look at, let me do this here. Let me get the weekly timeframe chart out for the November contract, just letting it load right now and see what we see. Come on, come on, come on computer. Come on, we're live on the air. You gotta do something, you gotta do better than this. But it's not. Okay, here we go. So let's pull over the weekly timeframe chart for natural gas. What do we got? We ain't got anything. When I say we ain't got anything, I'm referring to some type of bottom pattern out here. So you've just, look, if you're looking for an entry point into UNG or the others at this stage here, you just, I think you've gotta go back to my daily chart. Say, okay, we're near where bottom could be, should be. You've got the daily profile and go ahead and take that trade. If you see a close blow either 2.208 or you wanna give it more room to run 2.160 out there, you go ahead and keep the trade open and close below those levels. You go ahead and exit and re-look at the charts out there. So LB, hope that that is helpful to you and thanks so much for taking the time to write in. We've got Nick, Nick writes in and Nick wants to take a look at ticker symbol MDR. So let's go do that. Let's get back to our three timeframes out here. MDR, let's go see what Nick is looking for. If anything, can you please comment on MDR, the stock itself? Okay, so here's what we know right now. The price of trading, this is McDermott International. Price is trading above the top of the daily. It's trading with inside a brand new weekly profile. It says support is 193 and resistance is 341 and below the monthly timeframe. So they don't have a clear set of signals here. The question would really be from a commenting standpoint, did this thing make some type of bottom out here? And if we take a look at what this did recently, which is actually today, it's made a TD set up nine count. Remember the high can come on bars eight, nine or the bar following nine. This happens to be the bar following nine out here. And maybe this is gonna make a B line, not much of a B line, you're trading at 208 for where this broke out at 169. If it closed below 169, we'll say 160 right now. That spells trouble inside this equity. If I go look at the weekly timeframe chart, so my comments there are, watch what happens as price pulls back to support because it looks like that's what it wants to do. That is McDermott International. Price has been moving lower, doing less relative energy from a weekly standpoint, but no bullish reversal candle and price on a weekly basis. Now it continues to trade below Stevie's red line out there. So that is not a good scenario. It's trading at 207, how low can it go? I guess it could go to zero out here, not likely, but I mean, I don't know if it will or won't. I'm not saying that it will. I'm just saying this becomes pretty hard now to project where this thing is headed to further south on a monthly timeframe, no bottoming signal out here. Maybe week number four of a TD set up nine count. So I don't like, you're asking me, Nick, what I comment about MDR stock. It looks to me like this thing wants to pull back even further out here. So I don't know what they do. It doesn't matter what they do. We just kind of look at the charts out here. So thanks for writing in. I hope that helps you out with regard to that. You're looking to add. Okay, so I see this writing back in. If you're looking to add, you've done the investigative work on it. And so in this case here, your support levels are going to be 160, 167, and 189. And I have no idea which, if any are going to hold, but knowing that you've got the TD set up nine count and you want to add, we're going to say today is not the day to do that. You want to see those levels of support get tested. Those would be the areas to go ahead and add to your position. I say be careful though, based upon what we just looked at on the weekly and the monthly timeframe charts out there. So again, thanks for writing in. Hope that helps you out. Okay, so we've got all of the requests in. Yeah, we've got all the requests in. And that says we've got some time here to go take a look at. There was another request by Jimmy and the Den wanted to take a look at ticker symbol VC. Let's go look at the VC, figure out what that is. That is Vistion Corp. And Vistion Corp trading out at 83.51. Right now, just back below the top of resistance on a daily basis. That's the top of its profile at 83.71, price above the top of the weekly and just slightly above the top of the monthly. So this has some potential. Let's go look at the daily timeframe chart. What's today's candle doing? Oh, that's a bummer out here. So a price was moving higher, doing less relative energy. You got the bearish engulfing candle. You're below just slightly below Stevie's green line just slightly inside the top of its daily profile. This would say that price may be targeting 78.11, 72.51 or 60.505. Those would be the areas right now. Obviously as price moves down, maybe we get some type of bottoming signal. Is it a guarantee that price will move down? No, it's not a guarantee, but you've got the signal of a top. And so with regard to VC, Jimmy, if you're, I don't know what you're looking to do with this, I certainly would not be adding or stepping into a position today on VC. At least that's what the daily timeframe is saying. This thing wants to pull back. Let's take a look at the weekly timeframe for VC. Well, shoot, you may be in week number nine of a TD setup nine count out here. So the weekly chart, and we know that Stevie's red line turned green. This says that there's a rendezvous with price and Stevie's green line currently at 73.60. So in that range out there where it's trading now in 73.60 out here. So the weekly and the daily say trick or treat and it says it's a trick. So I would just stay put as we speak right now for ticker symbol VC, Vistion Corp. Steve Rhodes with TFNN. We'll be right back. We'll go take a look at the ESMini for Peter, the new profile in the Russell 2000 for Jay and anything else that you'd like to be right back. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. 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For the latest market information. Welcome back folks, so we're taking a look at the ATAS market profiles for the four Equity Futures contracts. I've got some daily, some weekly information out here. I think I mentioned the Russell 2000 is attempting to form a new market profile. Now the top of that box is 1545, the bottom is 1503, the center's at 1528. We're trading above the top of the box right now, 1551. So Jay, this profile may not form this began attempting to form early this morning about four o'clock, five o'clock is when it showed up on my screen out here. It's using my advanced Doppler system. You really won't know till tomorrow out here, so I can't say for sure. But here's what we do know. We got to go with the information that we do have. The reason we use that Super Doppler is it provides the great information. Right now the Russell 2000 is trading above the top of that box. If it, if it doesn't work above the top of that box, and that suggests that price wants to move higher. Now if we take a look at higher to where would be your question. If we take a look at the Russell 2000 equity futures contract, no topping signals, no bearish reversal candles on the move up. Remember, I've shared with you that prices will typically continue moving higher until we see some type of bearish reversal candle. Well on the current run off of the test of support breakout support 1465-20 for the Russell 2000 no such bearish reversal candle has formed. And this suggests that Jay, everybody else out there that what the Russell 2000 is likely doing is targeting 1586-20. It is in wave number four to the upside out there. Basil teaches that wave number four something different can happen. Not always happens out there, but 1586-20 would be my target to the upside inside the Russell 2000 out here. If we take a look at the NQ panel number two, there's a new profile that formed a couple of days ago. This used that superdoppler system and this thing actually did form prices above to bearish and structure. Prices above the center line is 79-12. It would close above 79-12 more likely than not. 79-94 and change becomes its target. So this suggests higher price out there. If I take a look at the daily chart for the NQ there was an A to B equal CD pattern that completed on Friday when it generated a bearish and golfing candle. My price never broke through support. Stevie's green line. So we got a bullish pattern and a bearish pattern out here. Go to the profiles. It is slightly leaning towards higher price out there. So we got to go with higher price at 145 in the afternoon. Expect the NQ to make a run for the top of its box out there. One of the reasons we would suggest that is because knocking on the door is the ESMini. It's not knocking on the door. It's blown through the door. The door was 29-95. That was the top of its daily profile. This is suggesting that price will make a run another 30 points to the north. That would be 30-32 approximately 300 points for the Dow. Well, that would take up to 29,000 or so. That's the top of its daily profile. Granted, you've got the weighting of Boeing that's in there that is punishing the stock, but that's okay. We don't really care. What we want to understand is where support and resistance is and where price is trading in relationship to its own summary. The ESMini above the top of the box, it wants higher price. Russell 2000, if you call this the weekend to see out here, it's above the top of its profile, it wants higher price. And if you take a look at the NQ, it's above the center line right now. That suggests it wants higher price out there. Let the Dow kind of do its thing. So that's what's going on from a profile standpoint out there. With regard to market breadth, if you were speaking, Peter, about market breadth for the New York Stock Exchange, what do we know about it? Well, market breadth from the standpoint of using advanced decline oscillators at $79.54. It's making a higher high as price is making a higher high. So this is all a copacetic. Whatever copacetic means, everything is grooving and moving and suggests even further prices to the upside inside the New York Stock Exchange. Very likely you'll get that advanced decline oscillated reading up to the plus 1.50 area before you may see a plus 1.50 failure. If from a market breadth standpoint for the New York Stock Exchange you were asking about the advanced decline line out here, well you're at a brand new all-time high today. Brand new all-time high as we speak. So that is very important, very powerful. Markets do not crash or have significant pullbacks. Let's say significant tops out there when the New York Stock Exchange advanced decline oscillator is at a new all-time high. And that's where it is as we speak right now. So market breadth is good. Now everything is not lined up. That's the problem. That's what makes these markets as choppy as they are. Because the signals that you and I get, the reliable signals that you and I get out here aren't all confirming with each other. What do you mean? Jelly bean. Well, if we go take a look at the VIX index, spot VIX index, as I said, you get the ES mini up 13.75 points and you have the spot VIX index up three pennies. Stevie says, what's up with that? Really, what is up with that? Well, it's a dangerous thing out there. It's a dangerous game. It's a dangerous game when the spot volatility index continues to make higher lows as we have right now and you've got the S&P making slightly higher highs out there. That's the kind of divergence that says you've got to be looking for a top out there. That doesn't mean that it's today. Maybe the top comes when price hits those resistance areas inside those futures contracts that we looked at. Maybe it's some type of folding. Maybe it's a TD setup nine count pattern inside the ES mini with the day being day number seven. It says we might have two one to three days before that top comes into play out here. I don't know. I just know that this pattern, which you can't use as a timing tool, we use it as a great tool that says make sure to take an umbrella if you go out because you could get poured on out there. And so this pattern is the one that suggests the most caution to you and I just to pull back not some type of market crash and so forth out there. Get that out of your mind if it wasn't your mind out here. Now if Peter was asking about market breath, for example, for the S&P 500, hey we've got that too. We can take a look at market breath for 60, 240 daily and weekly. You'll see all of the dials are in bullish mode out here. They're all in the green area. So you've got bullish market breath across the board for those time frames. We take a look at the NDX 100 out here. The NDX 100 is going to show us. Did it change? Yeah, it did. Let me make sure. Yeah, and you've got bullish market breath for every single time frame as well. So those are your market breath numbers. These last ones here, courtesy of the folks over at Taz Market Profiles. Hope that helps you out, Peter and Peter. Thank you so much for joining us today. And all of the other listeners that are out there. Let's see. Do we have any other requests that are in? We're getting pretty close to having to wrap things up. So I just want to see if there was any other requests. I don't see anything else. Okay. So that's good. What else do we want to look at? Hey, where can the S&P 500 run to? Well where the S&P 500 is likely to run to? The S&P 500 is likely to run to. The S&P 500 is likely to run to. The horizontal trading ranges. Beautiful chart for the S&P 500. Is it not? Well, beautiful because if you take a look at these horizontal trading ranges, look at the highs back in 2000 and 2007, you can see where price stopped right at that monthly horizontal trading range boundary line. If I were to ask you based on that, where's your projection for the S&P 500? You're right. 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 found that computer software which included the standard policy 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 trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial to find out more information about 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 has been writing his weekly gold report for almost 18 years. There's no one that hasn't signed up for 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 H U I G D X the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with coverage of gold, silver, bonds, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average of 1.5% Tom O'Brien has been writing his weekly gold report with an average of 1.5% Tom O'Brien has been writing his weekly gold report with an average of 1.5% Tom O'Brien has been writing his weekly gold report with an average of 1.5% Tom O'Brien has been writing his weekly gold report with an average of 1.5% Tom O'Brien has been writing his weekly gold report with an average of 1.5% Tom O'Brien has been writing his weekly gold report with an average of 1.5% Tom O'Brien has been writing his line, the OUL, oscillator and change line and price catch up to each other. This also says that the Great British Pound may be trying to form a top. It's got an A to B equal CDT upside today's bar number eight and it's a high out here. So let's watch those currencies. They may be the next big trade out there. Countertrend rallying the Euro and the Pound may be over. Folks, thanks much for being here. Stay tuned. David Weitz up next. Tom O'Brien, three to four. I'll be back with you tomorrow at 1 o'clock.