 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes All now toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks, welcome to the March 4th the magnificent Monday edition of today's Trader's Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be Pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day Okay, let's make sure we have an extraordinary one. Now 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 can make that one little two-by-four shift means we can find the gift in every set of circumstance that life is gonna toss at us Now today you and I we're gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here But even more important than that and that's this during this next 53 minutes. I am here to serve you So feel free to pick up that phone I'd love to hear from you at 877-927-66 for it But I know many of you can't call in but you do have a question So we've got you covered there, too You can send me an email send that off early and send that to Steve at tfnn.com And inside the subject heading, please put radio show question Of course, if you're inside our Tigers then like John and Dan and Duncan are you can always send me a text or a Private ping or whatever it might be because I'd love to take a look at what you want to look at as well So let's go ahead and get this show started on magnificent Monday. Of course. This is Tiger financial news network I'm Steve Rhodes. Welcome to the show. We start our day with a mixed bag out there You've got the Dow off 109 S&P's down five Nasdaq's down 25 Nasdaq one under that is Russell's up seven some eyes are up 74 Trendy's are up 48 the New York Stock Exchange up 19 points gold up 22 bucks silver's up 52 pennies lights Recruit is back 47 cents natural gas have a nice day up eight percent or 14 cents and the 30-year Treasury put out at 119 14 hour leader to the club in the clubhouse to the upside is micro strategy 239 bucks 22 percent super micro 216 bucks 23 percent NVIDIA 31 bucks nearly 4% Broadcom 31 bucks 2% Deckers outdoor 26 bucks 3% to the downside regenerate pharmaceuticals off 15 workdays down 15 Mercado Libet it's off 18 Tesla's off 11 So we got things to look at of course. I want to look at what you want to look at Let's take a as long as we're on this set of charts here Let's take a look what equity futures are doing as we speak right now Let's take a look at them in terms of other currencies So on Friday, we had new all-time highs in terms of the for the ES many were taking a look at in terms of US dollars in terms of euros in terms of yen this morning We're at a new all-time high in terms of yen out there so pounds euros yen We say that's what we're looking at out here on the screen here the NQ new all-time high in US dollars this morning on Friday is when it hit its new all-time high in terms of euros same thing in pounds But this morning in terms of yen were to new all-time high. Why is that important so important to understand? What's going on around the globe? This is a real breakout that we have it's an international rally We take a look at what's going on inside the equity futures that doesn't mean it goes up forever But what that what it does mean is when we do get pullbacks out there unless those other International traders start getting on the game that will limit the move to the downside still price We'll try to seek out support whenever that happens We'll take a look at when that could happen and it could be sometime this week, but only time will tell Why are we looking at this well? We've looked at this like God this before with regard to the equity futures with regard to the cash indices Well, we haven't done it when a CV failed to do it Hurt Mike's now it's too bad that I failed to do that because we're gonna take look at gold So if you were listening to the 11 o'clock update what I said is it's a real breakout party inside of gold What do you mean Stevie? Well, let's go take a look at how gold is priced in other major currencies We take now what I'm doing here because you can do this too as well So each of you can do this on your own systems, which is why I chose the GLD versus the gold futures contract Which gets complicated anyways We start going back to historical months because of whether it's continuous contracts or looking at what we take the GLD This is something each of us can do now if you take a look at the left-hand panel out there That is the GLD priced in US dollars. It's all-time high was on August 6th 2020 That got negated today. We're in a new all-time high in terms of GL the GLD in US dollars Well, we are in we are in a new all-time high in the GLD in terms of great British pounds out there We've been a new all-time highs in terms of the GLD for Japanese yen for a couple of weeks In fact, it was hard for me to even keep up with the line that line was drawn in there 29 352 Just before we came on the air out here So we got a breakout going there at new all-time highs the same thing with regard to the gold in terms of euros That was at new all-time highs on Friday. We're new all-time highs in terms of Aussie dollars We've got some major currencies here just like we took a look at at the beginning of the year This is a major breakout that is going on in the Goldilocks Hmm something to think about now if we go over to my white background charts Which what we're gonna flip to next out here. We see if there was anything else I wanted to share with you on this set of charts. I don't think so So let's go take a look at the white background charts here. Oh Gosh, can I get to the right ones? I hope this is it Hard for me to see. Let's see. Yeah. Okay. That's it. Okay. So we got gold here Now what I'm looking at what I want to look at right now is first the the key level of resistance It's really a weekly level of resistance and that's at 21 1340. So here's the April contract So as soon as we're sticking here We're able to we got enough data to stick with this not that much data But enough data here to stick with to see that you've got this TD 9 count breakdown resistance level at the 21 13 40 level That was tested back here. I say back here. Let me get my cursor off That was the week that ended December the 8th now because that was a bearish engulfing candle and right now We're trading above this level. There still is resistance here and that resistance will take a look at the gold contract There's gonna be the high of that candle session from the week of December 8th And that's up at the 21 70 150 level such another 50 bucks to the upside a price closed above that boy It is really telling us about a gigantic breakout that is going on inside of Goldilocks And what we want to do is we want to be able to buy that next pullback out here We take a look at the daily time frame the daily time frame right now It looks like it's taking on a TD 9 count top. Is that possible? Let's see So let's pull this back just a tad and so it's taking on this TD 9 count top That took place on December the 28th and it closed today above the 21 18 level will suggest that we're going after those highs We took a look at just earlier at the 21 71 50 level and that seems to me like a very likely outcome Especially knowing that gold is trading in all-time highs in terms of those other major currencies their buyers out there It's not just about what's going on inside the US It's about what's going on inside inside their chart screens as well And they think in terms of their local currencies just as you and I do what else can we see on this chart here for Goldilocks? Ah The most important perhaps and that is this that I believe we talked about this a few months ago That there was a potential that what gold was doing was it's setting up the next major bottom out there and how we tried to Identify that was we looked at a two-bar pullback That's kind of a normal knee jerk reaction move here in this case here a nerve and knee jerk reaction low Why is that important that two bar pullback? We take a look at the last two out here We've seen two two-bar pullbacks and the reason is because when we go and we take a look at I need to add some more data here So we're just about to go to a break. I'm gonna go ahead and put some more data in here So I can share with you that thought process and the reason why the low from February Very well have been a major. Did I say major? I meant major major low Steve Rhodes with TFNN. We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave The Chapman wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers Also get a 30-day money-back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an Amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up perceives market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The Tiger's Den available to all Tigers and Tigris's for just $1 for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of Traders just visit the front page of TFNN.com toll-free at 1-877-927-6648 internationally at 727-873-7618 Folks we're talking about that shiny yellow Metal called gold out here if we go back to 1985 just an example You can see one heck of a nice run from the lows in February of 1985 all the way up into December of 1987 What I really want you to notice is focusing on the red digits the red numbers there those show you those One two three four how many consecutive moves lower? You'll see during that bull run all of the moves lower were two bar moves to the downside out there now Let's go ahead and let's fast forward to 2011 out here I just wanted to make sure I was proven the point by not cherry picking anything So let's go take a look at that next a major run out here in gold You can see that each of the pullbacks if you will look at my cursor look at those red numbers out there We didn't see anything last beyond two Consecutive sessions to the downside now we fast forward to where we're at the last two retracements that we've seen have both Been two bar retracements there is the way put this and we combined that with the fact that gold is breaking out to new all-time highs In all of the major currencies out there This is a real move out there And that means this could really be the beginning of a major move and the cool thing about that to add to that idea is The fact that if we go over to my black background charts give me mum We'll do that and we take a look at the US dollar index all this is being done right now Well, we just simply have the US dollar index consolidating with inside its daily profile If you give me a moment, we'll open up the US dollar index chart You can see it right here. We the gold is not breaking out because the dollar has broken down Anybody's told you that well I would say what they should say is that the dollar won't break down until we get to consecutive close blow 103.667 That's the bottom of its bullish structured daily profile We may get that but I can share with you that it the move lower here in the dollar isn't really the culprit behind the move higher Inside of gold. It's not hurting, but it's not the real reason It's because gold is now on the screens at all-time eyes in those other traders out there And that says wow, we got a major break out going on inside of a Goldilocks out there All right, so let's go ahead and get to some of the questions because we've had a number of them So let's start with Actually part of that was that some of the question to come over and take a look at the GDX as an example and GLD So here's the GLD that kind of got me taking a look at it. There's really not much more Well, here's what I can't share with you with regard to the GLD the GLD itself is in bar number nine of a TD nine count pattern I don't believe that gold is in other words the GLD is suggesting it's going to complete a TD nine count pattern today We'll go take a look at the church for gold. I don't think that is the case out there But that's the only potential topping signal. We take a look at the GLD. I don't really know based on it You know for me to do I don't know what additional work I can do for here the GLD would say that if out of monthly basis we just entered them at the March But if we do see a close above the high for back in August of 2020, that's 19445 we're trading above that right now that negates that TD nine count top So even the church here for the GLD are suggesting the same thing that you and I just spoke about it's really important You understand how these major instruments are trading in the major currencies as well, especially right around now I think there was another request take a look at the GDX on the GDX We now the GDX testing a key level of resistance out here that key level of resistance of 28 24 price can close above that What the GDX will be generating is a change in trend signal out there It's already giving you a profile change in trend it did that on Friday Now it's going to maybe give you a full change in trend signal with a close above 28 24 today Inside the GDX on the weekly time frame chart looks like it wants to go target 29 28 to 29 79 in a monthly It's a $29 area. That's going to be your level of resistance on its further move higher Yes, and it should definitely move higher if we go take a look at the first request out here from Steve Woods You want to take a look at SMCI? He's looking at some projections So if we take a look at this here the only concern that you have is that you've now entered bar number eight on a weekly time frame What that suggests to you and I stevo is the fact that we should see some type of top inside of SMCI This week between this week and the next two right now when I take a look at the daily time frame That's saying it's not this week or at least it's not on Monday out here What is price doing price is taking out a sell the D point pattern that formed out here in the trading session of February the 16th now the volume on that swing point was 34 million shares You're passing this so far with a little less than two hours of trading with about seven million shares So you're you're passing that swing point with lighter volume does that matter? No, it does not matter as long as price closes above that high I didn't give you that high but that high out here is one oh seven seven point eight seven Price should continue to move higher. No the issue is going to be here You're looking for a price projection and I don't see anything that I could really use that would give us a great price Projection level. I just don't Stevie I can't go ahead and take a a set of swing points and do Fibonacci expansions from them I don't see anything that I could do I can't really draw an a to b equal cd pattern here And then we use that to identify the next price projection level I just don't see that what I do see us doing is paying attention to what this is doing on a daily basis What its patterns are it has a roadsman to indicator signal that's been triggered and that's only a Don't know what that means just got carry an umbrella with you if you're walking outside because it could rain It could rain doesn't mean that it will rain But when the rain does start you want to have that umbrella out there and if that umbrella turns into a bearish reversal candle Well, then you would have a top out there, but we don't have that at this stage here So I'd love to give you a price projection I can't come up with one but it does look like we could get a top within the next three weeks out here So watch the daily time frame chart for some type of topping pattern and there's nothing that is complete right now So Steve, thanks for writing in and asking about SMC. I we had Alton right in as well He wanted an upside target on CHK. Let's see if we can do a little better job there. We take look at CHK Let me make sure oh, man. I'm not I wasn't even on the right page. Oh Stevie hold on Gotta switch back Gotta do that. Oh, man. I was like that that whole time son of a gun. Alright, so real quickly here Let me come back real quick Go over here's the GLD you can see you're in you know the bar falling bar number nine of a TD nine count So we'll respect that and it could generate some type of short-term top Here is the GDX. You can see that TD nine count breakdown level to 28 24 By the way, the next one if we do get a close above this area be 31 97 that's over time out there Then we get back here to the charts for CH Oops a seconder for CH FS MCI here You can see on SMC I you can see that this is going to become the weekly bar number eight out there So that's just something to pay attention You can see that rose meant to mitigate her signal that's been triggered But that itself is not any kind of a top out there. Sorry that didn't have the charts where it was supposed to be I'm pretty sure I see that message now inside the den that was alerting me to that and I ignored it Don't do that against even now. Let's get to CHK and the question Alton had written in about was what's the upside target? So we look at the daily time frame when you say that's pretty easy to identify here right now Because what we're looking at or what we would give to Alton is the top of the daily profile and that's at eighty four thirty three So right now you're just trading you're consolidating with inside of its profile. It's got strong support I say strong support because both the bottom and the soul. I take that back. It's a gigantic profile So prices trading with inside the cell zone out there and that means if you did get a close above eighty four thirty three That would be a very positive outcome It's a real possibility Alton and the reason that I say it's a real possibility versus a fake possibility I suppose what's a fake possibility? It's an impossibility, but a real possibility Because prices trade above resistance. That's at the eighty three eleven level that is the top of that weekly profile So watch eighty three eleven as long as CHK is able to remain above that level Then it's got that chance to take out the eighty four thirty three But that's really the next upside area out there We take a look at this instrument if price can close above eighty four thirty three Then that would say price gets back towards its recent highs out here The recent eyes I'm referring to our total of last year and that would be in about the ninety one dollar level Steve Rhodes with TFNN. We'll be right the gold report as A precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority 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 experienced trader and gives their take on the market while taking calls and questions Live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with Expert hosts to help you make the right moves with your money watch online at TFNN.com Or on TFNN's YouTube channel and become the investor. You were born to be TFNN educating investors Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the Tigers den for just one dollar and follow us on YouTube and become part of our vibrant community And remember at TFNN We're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter Subscriptions and services you have absolutely nothing to risk So why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better Join us and experience the difference today TFNN educating investors Don't 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 Okay, let's go take a look at arm holdings just for Duncan Steve and Duncan Steve's a question is what's in your term direction out here? So what we know is over the last two days Duncan is that the prices tried to get above the top of it's a daily profile Now this is a bearish structured cell zone that it's in and that's at 140 303 So your test is the swing plane out here You know the most recent one would have been from the trading day of February 26 volume there 26 million on Friday He came up into it with nine million today in two hours of trading. You're at eight million out here a 24 That's pretty decent volume But so rejection of this which means a close below that swing a level at 138 18 And I'll still be tested to be inside that swing point with volume. So makes it slightly complicated Here's the levels that I would be watching I would be watching 136 15 a price closed below 136 15 And it does over two consecutive sessions, but even one was gonna put you on high alert out there It's a good to suggest because it's a bear structured profile Duncan. That price could push down to 1893 we're not there just yet, but that would be something I'm watching at days Then I'd also watch that oscillator and change that around 141 30 at that level holds. That's pretty good So right now here's what we know with regard arm holdings a daily time period is having trouble taking out the sellers They are at 143 oh three that being said that it says we'd likely head to the downside for the downside Says you've got to get through 136 15 and as you're doing that You want to make sure that you're moving lower with more than 9.6 million shares? And actually if you take a look at today's volume, well, you could easily be doing that So watch that as what price gets into that swing area. That's anywhere between 136 29 down to the 131 31 Level if I look at a quick 30 minute time frame chart just to try to help out Duncan here We see what we see a TD 9 count top that is held We see TD 9 count break down resistance that is held and we see TD 9 count breakout support that is holding Hey, so we're consolidating in between that support resistance zone So on a 30 minute basis the answer would come from do we get to consecutive close below 138 58 if we do We likely had lower out there Otherwise, this could be the bottom and you could just simply rally up towards 140 98 maybe 142 out here So that's what's going on. We take a look at arm holding Stevo I'd love to be more definitive than that But I gave you the numbers to be able to pay attention to and that should at least help guide you as to what its Intent is let's go take a look at Nike this for Dan inside the Tigers then Dan's trying to build a long position here So let's see if we can help them out first. What do we got going on inside of Nike? Well, why is he trying to build a long position? Well, what if we take a look at the daily timeframe? It has a beautiful roadsman to indicator bottom out here The swing point itself did volume of 10 million shares today You're pulling back with 3.8 so far So it's pulling back with 10 million shares or thereabouts or maybe just a little higher You'd prefer to see something other than that But the bottom of it so it's a bullish structure daily profile along with a prior bottom out here And so that the first level of sport is 99 58 so I get the idea of building a position out there I just wish that Nike was pulling back with lighter volume Maybe by day's ended in fact it is lighter volume out there now If you were to see it close below the low of February 5th out there that would negate that roadsman to indicator bottom that Low is 9905 and then that would suggest that price would pull back to 95 92 So when you're building up a position out here your price closes below that roadsman to indicator bottom You know that the next place to consider adding would be 95 92 That is the TD 9 count breakout level that was established on Nike out there And that's what's going on on the weekly time frame the monthly time frame has support at 96 66 out there So we're trading below Friday's low. We're trading below last week's low out here We're not trading below last month's low But watch that support area inside of Nike if I were to look at a 30 minute time frame chart and reason I say if is because we're going to just to see if there's any kind of intraday bottom signal out here the answer is Yeah, I see a a potential by the d-point bottom and that just means that we need to this is candles only four minutes old So don't know what it looked like at 12 noon But if you didn't get this up turn into a boat right now It's a bullish engulfing candle then you should at least get a rally up towards a hundred point five nine ish area price They able to close above that red oscillator change line Then you're looking at 103 86 out there inside of Nike So that's what's going on in 30 minutes the daily and the weekly well as well as the monthly chart I hope that that helped you out. This looks like this gonna be day number four to the downside for Nike What happens typically after bar number four out here? Well, we see some bar fives the last bottom that Exceeded bar four was on January 5th, and then we saw a few day rally out there inside of Nike So I hope that helped you out Dan as always. Thank you for your request Let's take a look at Tesla for John see in the tiger's end John is short Tesla and looking for support So let's go see if we can help John out Let's actually get the chart up on our screen out here, and we take a look at Tesla. Well, you like today's action out here Why is that? Well one because it's trading lower but two because right now It's trying to take out that red oscillator and change on in this daily time frame John This says that a closed low 191 oh one today And we're also below the bottom of its new profiles 192 78 So I'd say the key level here is watching that red oscillator and change on it 199 if we close below that That would suggest to you and I because that would then say that on a daily basis Tesla is an all-out bearish mode is below support Profile support sports oscillator and change line support, and that would then suggest going after its Roadsmen to indicator bottom from back on February the 5th now that swing point did volume of 134 million shares in the first two hours of trading you're at 57 million shares So this is coming down with volume. So you're looking for support I'd have to say it's going to be that swing point area and that swing point range is between 177 11 and 186 49 the low of the day so far has been 189 57 so it's gunning for that swing point the monthly chart suggests that what Tesla is doing John is gunning for the 184-02 level we are trading below last week's low So that is then automatically flips to bearish for this week at this moment in time And if we ask ourselves, where's that next level of sport the answer is in front of us It's at 184-02 and that's the bottom of its profile now price for to close below 184-02 That would signal you could see 164 and change but before price gets there the monthly Profile is bullish and structured and it's by zone is between 144 38 and 165 67 So stevo, how do you take that whole? stew of information that you gave John and Summarize it for him pretty simple John. It's like this if you close below that red oscillator and change line out here That's a 190 105. You're headed into that swing point from February the fifth out there Watch that first and how price gets to handle bear that'll determine whether or not we need to go look at the weekly and the monthly Time frame chart so hope that help you out with regard to Tesla I believe you're also short on Apple and he's looking for the same piece of information Where is support out here? So that's a great question looks like Apple may have formed an a to b equal CD To the downside Maybe it's doing it on a weekly basis as well out here But first to get to your answer of where is the next level of support in Apple before we do any kind of further analysis We'd have to say you're trading into that support level as we speak right now And that is the bullish structured weekly profile. That's between the range of 170 209 to 174 33 But when we take a look at the daily timeframe chart out here, we don't see any even though We're trading into a buy zone on the weekly We don't see any kind of a bottom pattern or signal on the daily chart out there Nor do we on the monthly the monthly suggested once you get back towards its recent lows It's trading inside the swing point now as a swing point from October of 2023 and that low is 165 67 So that certainly remains as a possible outcome We come back to this break John I'll go over my other screens draw up the a to b equal CD pattern see what that gives to us If anything see roads with TF then we'll be right back We're also going to take a look at natural gas Ford Palantir URA UEC and gold or Bob inspo came Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats Tiger 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar palm dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence 4x markets tremendously When you sign up for the Tiger 4x report you also gain instant access to Teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today? Visit the front page of tfnn.com tfnn educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com Educating investors Will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS Directions daily S&P 500 bull and bear Leverage ETFs Direction leverage ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit Direction investments comm a funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject To risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Chart for Apple we did mention that the daily time frame I looked like it was generated an A to B equal CD to the downside This is the only a to B equal CD patterns you can really draw in here In other words if I were to the a points gonna be the same no matter what that's the high from December 14 But I can't use them as a C point the high from January 24th Why can't use it Stevie because that was an 83% retracement you gotta you can't get much beyond point seven eight six But here we can see we only have a 57% retracement So there's a one-to-one a to B equal CD to the downside John that would give you an initial price projection of 178 That B point did volume of 102 million shares that was back on February the second today so far You're 36 million shares, so it's got similar type volume don't know what it will look like at days And but that's what I'd be looking for even if it passes it with lighter volume 176 8 is certainly a possibility. Let's go out to Martinez, California and speak with Brent. Hey Brent Thanks for calling. Thanks for holding. How are you today? I'm doing quite well. Do you how are you? Excellent better now that I hear your voice in Cybane still water I know this is something you've been looking at for a while. I tell me what you're looking at how I can help you Well, I did go back into this I guess it was on I think it's Thursday of last week. It went down and tested that $4 Round number low. It didn't get exactly till got to 401. Yes, of course with much lighter volume I bought in at 402. I am holding back a little bit just because they're gonna have their earnings tomorrow Okay, I According to Tom I talked to him about it You know, yeah days ago and that's what he came up with so I just want to have those come out and see Reacts and before I really go too heavily into it But I do believe we're pretty far along in the TD count on the weekly I think it's either eight or nine if you look at that Looks like, you know, maybe are my bottoms on both the daily and weekly just something about it I mean, it hasn't really done much honestly, but it seems like it might be a Potentially bottom in here and I heard your whole conversation about gold So I just wanted to get your thoughts on it. Perfect. Okay, so switch over to the white background charts out here The first thing that I will mention is that you've got to confirm rogment of indicator bottom on the weekly time frame And that confirmation came the week of February the 16th out there when it generated that bullish piercing candle Now price has been trading with inside its bullish structure profile out there last week was a close just below that low Now that may have just simply been a false breakdown message out there that low by the way is 422 word 422 right now So ideally Brent, you'd see a weekly close about 422 You know, that's the first thing that you'd like to see here And and then that way that roads meant to mitigate or signal a maintains itself And you get back into that bullish structured profile zone on a daily time frame out here I Would so there's no bottom pattern that just sticks out to me like a TD night Oh, you would ask about the TD night counts by the way in the weekly. I don't want to ignore that I'm only in bar number two to the weekly time frame from last week to the downside So so that's where I'm at But it doesn't really what for my standpoint of reading the chart the weekly already has a bottom So from a weekly perspective, you've got your bottom signal from the monthly perspective You have your bottom signal, which was a TD night count bottom that formed back in November of last year And yes Brent said this hasn't really done a whole lot out there But what it has done it's given you two nice bottoms on the weekly time frame now on the daily Even though I don't see, you know, just looking at this short version of what I have This was so the bottom signal that you saw in the daily time frame Brent was going back against a prior swing low or something something else It was the I think all time low honestly at that $4 lower. Oh, that's got it. Okay, all time. They're going back a ways Well, actually, yeah, I see one right here It was actually back in November of 2023 out there and that had volume of 42 million shares and When price was pulling back into it the first time back in February was 4.9 million shares 4.9 million shares going against 42. Yeah, you got to love that That's a daily time frame. That's a daily time frame chart that we're looking at So I see exactly what you're looking at on the daily So on the daily chart out here your battleground area are its profiles and those profiles first being 425 425 Is the center of its profile? We both know that both buyers and sellers exist at that level where the buyers exist at 407 Exclusively where the sellers exist exclusively is at 437 So we're kind of in between the profile levels What you'd love to see here is a as two consecutive close above 437 that would give you a profile change in trend signal And that would then say the next battle would be at 466 And that would be the center of its weekly Bola structured profile and a close above that would suggest we move up towards the 555 level out there So that's what I see when I take look at the daily weekly and monthly They've given you all kinds of nice bottom signals. So now you just need the buyers to help you out I know come on already. Get on it. Exactly. What what are they waiting for? What are they waiting for? So that's the best that I've got for your breath Is there anything else that I can provide you on SBSW or anything else? No, that was great. Steve is always your very thorough and email the numbers now, you know, it's our time. I'll go back right over thing down and in a perfect Like you said, and I just got to get on those buyers like come on already. Yeah, exactly. Take out an app Much you've I know you've got a full, you know, line of stuff to take care of there. So you bet Thanks for your help. Have a great day. Have a great weekend if I don't talk to you. Absolutely. Absolutely That was Brent in Martinez, California. So our next request. Let me see where my aunt on my Is really natural gas. So let me get over and take a look at natural gas. This is for Joe and Joe's question is Hold or sell and this is yeah So his first asking was there is there going to be a retracement? Well, I can answer that question say yeah at some point time It's absolutely going to be retracement inside of natural gas But the real question was should he hold or sell boil now? I don't know Joe's style of trading I don't know what his intent was when he entered that trade out there Let's take a look what we know about natural gas The first thing that we know about natural gas is it has a favorable seasonal cycle and we're in it right now That favorable seasonal cycle typically begins right in the middle of February and it lasts through typically the middle of June out there So I don't know where you entered Joe. I don't know how low you were at at your entry point But you may have got a bottom that you wouldn't want to sell I don't know that but we are in a favorable seasonal cycle with natural gas Forming a beautiful daily bottom pattern out here And that was a buy the d-point pattern and did it when it generated this bear sash can a bull sash can I should say on February The 16th and now you've got native equal CD pattern. We could probably draw in a couple. We're not showing that chart Now we are perfect. Okay, so we got that chart out there So here you've this is going to go or should go target the 249 level 249 is a TD 9 count breakdown area out there. We're trade above recent highs out here I don't see any reason to sell but again, maybe you're just an intraday trader and you're asking here Are there any kind of short-term sell signals? Well, if you were asking that question Then the answer to that I go right just simply to the 10 minute time frame chart You got a beautiful TD 9 count wave number 7 top price trading with inside his profile If you see a close below the bottom that profile 1.935 we ought to see a pullback to 1.946 But if you're asking my honest opinion again, I don't know where you're in on price. I would hold I Would hold you're in the favorable seasonal cycle nice bottom pattern inside of natural gas Joe I hope that helps answer your question. Let's go out to Denver, Colorado and speak with Ron Ron. Thanks for calling Thanks for holding. How are you doing today? I'm feeling great Steve. Thank you for asking. Hope you feel the same I am I am glad to hear great Calling I know soybeans you've been talking about that is moving up a little bit today I believe but since I don't trade futures. I was looking at a soybean equivalent of SOYB We'll take a reasonable if I were to go out a couple months on an option. Does that look like a reasonable play? Well, let's take a look at that. We get back to this break We'll take a look at the soybean contracts that make up SOYB and we'll take a look at SOYB as well You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at TFNN comm the opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your inbox Every day first-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN comm educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24 7 newsletter at TFNN comm When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis After all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24 7 newsletter today TFNN comm educating investors Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at TFNN. We're so confident in the value We provide that we are for a 30-day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today TFNN educating investors Folks, we're on the line with ron in denver colorado We're taking a look at the seasonal chart here ron for soybeans So this takes us back 33 years And what I want you to first focus on here is really the bottom right hand panel And the bottom right hand panel shows us over this 33 year period how each month performs on average And we can see that february is typically its best performing month and march is relatively flat If you take a look at even the seasonal pattern on the chart you can see it's relatively flat So you're asking me about taking a A option position for the next two months possibly And april or march is a pretty flat time period for soybeans. Now, maybe it's not going to be flat I don't know but I want to provide you with all the data and based on this here This chart looks substantially different than the chart that we took a look at for natural gas So I really first throw out to you Maybe your option trade might be better in natural gas than it is in soybeans But I want to answer your your soybeans question to first provide you with this information out there Before I switch over to the charts any questions about the seasonal data that we're showing right now No, I I appreciate the information Okay, I am long view and g so I'm I mean, I'm trying to do an equivalent on natural gas Yeah, so I appreciate that on march. I'll just watch it. Uh, yeah Sure, but let me answer. Let me let me also answer your question because I am long soybeans out here I still am long soybeans sometimes I question that but I am still long soybeans and via SOYB as well and the SOYB has three soybean contracts in them I didn't look at it see if anything shifted on friday, but it's may july and november when I say shifted as far as the weighting is concerned Now each of these have bottoming patterns So they do justify being in a long soybean contract out here What they each have to deal with now are some resistance levels and the resistance levels are up top So in the case of the may contract for soybeans, it should gun for the 1204 level in the case of the july contract 1192 in the case of the november contract 1159 and all those should take SOYB up to the 2512 level out there That's what should take place when I take a look at the intraday charts out here We've got tops in the may and the july contract. I I don't personally see a top Pattern inside the november contract, but this is all suggesting that right now Price is likely to head lower likely to see about 1144 on the may contract 1154 on the july Hey rod, we're out of time here my apology for that, but maybe call back in tomorrow We could have a further discussion, but I'm glad that you're long natural gas So take care. Thank you sir. Good to get you back. Good to hear from you my folks day two for all the great program And I'll see you on terrific Tuesday. Please have a magnificent Monday. Take care