 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes toll-free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks. Welcome to the July 17th, the magnificent Monday edition of today's Trader's Edge 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. I hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that, well it's to always remember that life is happening for us, not to us. That's right, when you and I make that one little two by four shift, it means we can find the gift in every set of circumstances 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 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'm here to serve you. So feel free to pick up that phone. We'd love to hear from you 877-927-6648. If you've got a question though, you can't call in, you can send me an email. Now send that off early, send that to Steve at tfn.com and inside the subject heading, please put radio show question. Of course, if you're inside our tiger stand, well then any and every ping will do. So let's go ahead and get this show started on a magnificent Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now a bit of a mixed bag. The mix is coming from Dow Transports down about six tenths percent or 97 points. The other US entities traded the upside. Now up about one tenth a little over that 49 points. Same for the S&P eight points, four tenths for the NASDAQ 164, eight tenths for the Russell 16 points, one percent for the semis, that's a 35 point move there. Gold is off about nine bucks, silver down 18 cents, lights recruit off 50 pennies, natural gas is flat, and the 30-year treasury printing down at 126.03, that is off 11 ticks. Leading the charge, dollar-wise the upside, you've got Arjenix up 115 bucks or 30 percent, Mercado Libre 17 bucks, nearly 2 percent, El Nile and Pharmaceuticals 8 percent, 15 bucks, ServiceNow 13 bucks, Netflix up 12, about a two and seven tenths percent move. To the downside, the shakers out there, Appellus Pharmaceuticals 19 percent move $16. Restoration hardware off 11 bucks, that's 3 percent, asthma holdings $10 to the downside, a little over 1 percent, Thermo Fisher scientific one to four tenths percent or seven bucks, and Pool Corporation down 750, that's a two percent move to the downside. Of course I want to look at what you want to look at, let's begin where we begin, begin where we begin, you got to love that. Let's start with our market breath out here, let's look at that 30-minute market breath for the S&P and the NASDAQ 100. See S&P up on our charts right now, 157, 162 above, 152 below, so just turn slightly bullish out there, let's look at the NASDAQ 100, NDX, let's see if this is bullish or bearish with regard to its 30-minute timeframe and we've got 48 above, 16 below. So for the 30-minute timeframe for the S&P and the NQ, we go take those intraday charts, we know that that has bullish market breath. Let's look at the other four times, 60, 240, daily and weekly. We take a look at the S&P 500 and a 60-minute timeframe slightly bearish, 153 above, 195 below, that's the only timeframe. If we take a look at the NDX 100, what we have out here is bullish for all four time frames. So to repeat or to summarize, the NASDAQ 100 bullish market breath for 30, 60, 240, daily and weekly and S&P 500 is the 60-minute timeframe that is just slightly bearish out there, otherwise its other time frames are bullish. So now let's go take a look at what we take a look at here. Let's stay on this chart, where are we at here, what do we have? Okay, so here what we can see, this is the daily timeframe set of charts out here, we can see last week how the tops inside of both the ES, the NQ and the Russell 2000 each failed. So those tops are no longer in place out there, we don't have any new profiles to speak of and it looks like the Dow wants to go target the top bits weekly profile 34, 888 and the IWM, the Russell 2000 does have a confirmed A to B equal CD to the upside with a price target of 20-30 out there. Let's go out to California and speak with Garo. Garo, thanks for calling, thanks for holding, how are you today? I'm very good, how about you, sir? Excellent, thanks much for asking, had a very nice weekend, saw some pretty nice golf out there, looking forward to the open championship. Are you, I don't think you're a golfer, but am I wrong about that? No, I'm not, I only like football, that soccer, football. I love that, that's the only thing that I watch, the rest to me is just, doesn't mean nothing. And what do you think, what do you think, have any opinion on Messi coming down here to Miami? Coming to, I wish he would come here to California and I would be a host and I would take care of you. I'm sure, well, I think he's going to make something like about 60 or 80 million dollars a year down here in Miami. So tickets, the tickets for the first game, I think it might be tomorrow or something, but the smallest price is 200 bucks, kind of interesting for soccer down here. But I know you called to talk about restoration hardware, RH is the ticker symbol out there. Garo, tell me what you're doing and how I can best help you. RH, I've been with it for long, the same way that I was with MDB. Yes. This one has been gone up like a ladder is very extended. Yes. And then when I look at the weekly chart, I see that since last June, of June of last year, it's been hitting on that 200 simply moving average several times, one, two, three, four, five times and been rolling down after that. Now again, it's been hitting the last formation that I see has been hit the 200 day and there is a red candle next to that 200 day and the stochastic is been rolling down. What do you think that this is the end of it is going to be a short from here or you don't see no sign of short? It's a great question. So first, when I take a look at the daily time frame chart out here, one of the patterns that I'd be looking for is to try to come up with an A to B equal senior pattern of the upside. And I really don't see one. As you said, this has just been a vertical move to the upside. And now I still show this on the daily time frame and I just want to see if this matches what you have, Garo. I still show the parabolic SAR dot below price for the daily time frame right now. I showed it about 360, 52. I have not heard back from the folks at E-Signal. So just curious, do you have that same setup or is this another chart you do? Okay. I have that SAR, sir. The value of my SAR is 350, 352. From that point, this is going to go south. But it has long ways to go. At least we have something around $10 until to get to that point. Sure. But the end of the candle on the daily chart, it's below its five-day moving average. I see that, yes. When the tail of the candle is red and goes below them, the value of that five-day, that is not a good sign. Okay. But I'm not going to short it until that candle hits the lower dot and the dot moves up. From there on, yes, I have that confidence. Still it's not 100%, but I have that confidence that the trend is changing and now it's downwards. Excellent. Besides those dots, do you see anything else? Yes. So we'll discuss that as soon as we get back from this commercial. So, Garo, if you'd be kind enough to hold on through the break, we'll come back. We'll take look at ticker symbol RH, which I show supported about $358.80. We'll be right back. 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 Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday and morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound 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 Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex report 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 for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors On the line with Garo and Newport Beach, California, we're taking a look at ticker symbol RH restoration hardware. What the chart that I have on my screen here first, Garo, is the chart that shows us consecutive days to the upside, consecutive days to the downside. Higher closes or higher higher closes either the upside or higher closes the downside. In this case here, we see that today is likely to become bar number one to the downside. If we take a look at the rally coming off of the lows back here in May, what we see here is the retracements have lasted just for two days. That's a typical reaction, especially in a bull market. So the level of support, and I mentioned this before we went to break, it's in the 358 area. 358 area happens to be the oscillator and change line. Currently printed on my screen at 358.94. That is a likely price target for a pullback. That's the first level of sport that I would be looking for. So if we do get a two-day pullback and price pulls back to that level, would it be a short? Well, for me, it would not be a short. For you, it could be, it depends on where your dot is. My dot's at 360.52. Yours is around 353, I believe. But for me, if it holds that green oscillator and change line, that still is bullish, especially bullish because what I don't have is a daily topping pattern, at least the type that I use out here. So I don't see a daily topping pattern. I do see where this thing has had, just had a nice four-day run-up and then a one-day pullback and a one-day move higher. So I think the first thing I'd be looking for is, does this extend beyond a two-day pullback? If not, then this is still bullish out there. So any questions about this chart before I move on to anything else? No, that's fine. So far, it's very good. But let me tell you, Steve, 353 and change is today's price. Tomorrow, that's going to be a different number. Yeah, go ahead. Yeah, so I just wanted to, the difference between my number and your number are going to be about the same area. And so what I just wanted to say is for me to get bearish or to confirm that it's lost that momentum would need to be a close below that oscillator and change that. Now, if it does close below that, Garo, again, right now it's a 358.92, the price target would then become the top of its daily profile unless a new profile were to form. You or I, we don't know that right now there is none. And so then the next downside target for me would be 34165. Now, that profile formed below price. That's a bullish message for the stock itself as long as price can remain above that 34165 area. That's what I see when I look at the daily chart. The weekly chart, the one thing that I notice here, Garo, is that the first time up to the highs at 200 day moving average, like we took a look at on the black background charts, was back here for the week of what August 19th and the volume there was 3 million shares. The next time that we're up at that 200, which I don't show on my screen here was on the black background screen was 4.1 million shares. And that was February 3rd. Last week, you were up with 6.4 million shares. So we have accelerating volume as price moves higher. To me, that's a bullish sign. And then when I take a look at the weekly chart, I've kind of drawn in here your basic consolidation type pattern that I see out here. So the weekly chart is suggesting to me that price wants to make a move eventually up into the 440 ish type range out there. And the monthly chart is confirming that and it's confirming that because we have a TD9 count bottom, that TD9 count bottom completed in July of 2022. And last month, price closed above the top of its monthly profile, something we haven't seen for quite some time. And the top of that profile was 30252 or 365 right now. So the monthly chart says bullish, the weekly chart says bullish, but it's testing that 200 day moving average. But we got to wait to see what it looks like on Friday. And the daily chart says, okay, I'm just ready for a normal two day pullback. That's what I see at this moment in time. What questions do you have about these additional chart here that I've shared with you? No, it's fine. Everything is fine because I don't I don't believe in volume at all. Yes, a stock can go up with a very low volume. It can go down with a very low volume. So the volume is a nonsense. You see, unfortunately, unfortunately, I don't say that you're wrong. Steve, you're right. But I don't believe in volume at all. So that's why when you say it's going to this time is going up with 6 million. So that that that doesn't that doesn't mean nothing to me. But anyways, the way you explain to me, I that that's how much I grasp by looking at these two charts. But we have to again, we have to wait and see that how it's going to act on the daily. A daily chart to me is very, very important because tomorrow is going to be a different number than 353, 552. And if the candle goes down and hits that dot and that flips up, then then I don't know for some reason, I believe more in star dots than volume. I understand. And then from on, we see what will happen. And probably I will call you sometimes next week. And we go over it, but I do appreciate that very, very much for your time and listening to me. Thank you, sir. Thank you. You bet. Garo. Always good to speak to you. That was Garo in California. 877-927-6648. If you'd like to call as well, folks, we would love to hear from you. Let's go and take a little bit. We do have a couple of requests that have come in. So let's get to those. I want to make sure one came in from Friday. I didn't get it till after we were off the show. And this was for David in Panama City in the ticker symbol that Dave wants to take a look at is team. So we've got that up on my screen here. I just wanted to get to my other church. If you just give me a moment, please. And so when we take a look at team, you've got the 180 calls that expire in July of July, July 28th. So what we have out here is Friday was a really two candle formations out there, two candle topping formations, I should say, a TD9 count top and a Rosemont Dementicator. Now, whenever you get a topping pattern, all that it really entitles sellers to do is try to push price back to support. Can it bust through support? In essence, that was really the conversation that I was having with Garo was trying to understand, where are some support levels? And we took a look at that oscillator and change line as being the first one. Well, turns out that this morning, what team did was it pulled back, tested and rejected that green oscillator and change line. So even though we have two topping patterns here, not that two make it any stronger than one, what we also have is a successful test of support. And you now have price trading above the top of its daily profile. Of course, it was on Friday as well. And it's green oscillator and change line conditions here, David, are neutral to bullish. Got bearish more neutral than anything else. But because of today's test, I'm going to go neutral to bullish. Does it get to the 180? Well, you're in the money here, so or you should be in the money here. On a weekly basis, if we take a look at last week's move higher, when it generated that Rosemont Dementicator top, when it generated that TD9 count top, that's when price was tested another level of resistance. David, that was the weekly top of its profile, 188.57. And what it was also doing last week was testing the resistance of the monthly oscillator and change line, which is red at 192.14. Now, last time price was up here, was on the trading day of June 6. That had volume there of 2.1 million shares. And on Friday, it was pushing with 3 million shares. Now, it did close below that swing point, but what it was signaling to us is that price should at least test that swing again. Now, it could just be the bottom of the swing point. The bottom of the swing point or the low, I should say of June 6 is 182.61. We've already tested that today. The volume on that candle, I think I mentioned that before, it was 2.1 million shares. So far today, you're up with 300,000 shares. So we've got much lighter volume than we did on Friday. A test of rejection would say we probably just consolidate between there and 172.45. Steve Rhodes with TFN and we'll be right back. 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. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. Emma's and Mary, that sell-side corp out here trading out right now at $2.90. It's taking on TD9 count breakdown resistance day at $289. $289 is your number that you'd love to see cleared. Last time price was up here was back on, looks like April 19th. Volume there was about 497,000 shares. So far today you've done 419,000. So it is pushing up against that little swing point. It's doing it with volume. It's already tested that even if it rejects that swing point, which would mean a close below 294. It should retest it again. But Dan, on a daily base what you'd like to see here is a close above $289. If you get that, that suggests that you get back to its recent highs. Those are the ones from March of 2023. That's up at the $333 level. On a monthly timeframe, CVM has a confirmed TD9 count bottom was bar number eight out there. Price consolidated with insight. It's a monthly profile. That's a new profile that formed last month, Dan. The resistance level there is $332. So the call we make here is we get a daily close above $289. Odd's favor, it makes a move up to $332. If it can close above $332, it'll signal a longer term change in trend and then suggest a move up to $448. $448 would be the TD9 count breakdown resistance level. So Dan, I hope that helps you out with regard to what CVM is doing out there. You had a second request. That was a take look at IBRX. As we pull this chart up here, IBRX, printing out right now at about 307. And it is trading above the top of its daily profile. So Dan, you'd love to see two consecutive closes above 291. 291 is the top of that daily profile. If you get that, what is likely to then occur is a move up to 365. I say likely to occur because the monthly chart says we're sitting at resistance. There's really two levels of resistance that it's taking on on a monthly basis, Dan. The first is the top of the profile. Granted, we're slightly above it. 298 is the top of the profile. We're trading right now at 307. Yeah, 307, 311, 307 area out there. So on a monthly basis, if you can get a close above that oscillator and change line, that is currently printing at 311. So you got 311, which is basically where we're at right now. If you can get a close above that on a monthly basis, I realize it's still early there, that would then signal to you and I that moved to 365. So just trading above it will be helping us to get or helping this instrument to get to that outcome. But on a daily basis right now, you're trading above resistance. The second close above that suggests that move to the 365 area. You just simply have that battle on that monthly timeframe chart. So Dan, I hope that helps you out with regard to IBRX and thanks so much for the requests that you have provided. Nancy is asking the question, which I do not know the answer to, and Nancy is going to say excellent question. The question is, is there any way to gauge what the impact on Apple is going to be inside of the rebalance that is taking place? I believe it's next Monday. So I think today, either they have, perhaps they've released what percentages they're going to drop things back to. Nancy, I don't know. I don't know the answer to your question, but I would imagine over the next couple of days we should maybe be able to get a gauge on that. But what we can do, at least we can go take a look at the Apple chart. So why don't we at least do that? Well, Apple, there's five instruments, right? I believe there's five instruments that are going to be recalibrated out there. So you've got Apple, I think you've got Apple, Microsoft, NVIDIA, Amazon, and Meta. I mean, those are the top five. I assume those are the five, but don't quote me on that. Don't quote me on that. If we take a look at Apple, Apple today running into the top of its daily profile, aren't just consolidating with inside its daily profile, finding resistance at its oscillator and change line. I do not see a top here, although I probably could make a sell the D point. Let me see here. Yeah, there's there, certainly there's a sell the D point pattern with this gap to the downside. But the net gap got taken out with the gap to the upside this morning. So no, I don't see a topping pattern in Apple. I see a consolidation with inside its profile. What I can say Nancy is that if Apple pulls back because of the rebalancing here, it should find support at $185.01 between $185.01 and $185.96. If price would have closed below $185.01, $186.05 would become the next target. And if price closed below that, then there's some other problems out there. So that's what I'd be looking at with regard to Apple. Is there a way for me to gauge what is going to happen to price as the rebalancing takes place? I imagine the rebalancing is done on Friday of this week. Are they really saying that it's Monday, the 24th? Interesting. In any event out there, I hope that helps you out. I tell you what we can do, maybe it kind of helps out a little bit, is go into the question that came in from InnoVisual inside the Tiger Stem. And Inno's question was about, he said last week, I made the statement that the, well, it wasn't that chart that I wanted. I made the statement, we'll have to go back and actually, what did he say? Give me a second here, go to find it. I didn't write it down. I thought I did, but I did not. It was, okay, so Steve is having trouble. Here we go, Steve. He had a potential sell on the weekly NQ last week. What would need to happen to confirm that? Not much supporting it right now, but markets change. Yes, they do. So we've got the charts for the NQ. So that was the question. First of all, the question was what would need to happen to confirm that? The only thing that needs to happen to confirm the sell signal is the end of the week. So a TD9 count pattern is what we were looking at. So you're looking at the center screen out here. I'll just simply expand it out. I don't have the continuous contract up here. I've just got the current September. I don't have a ton of data, but I do have enough data to let us know that we got to a TD9 count top out there. I also see this Roadsmen Dominicator signal that has been triggered. Now, on a weekly basis on a TD9 count top is either bar eight, nine, in this case here we know is at least bar nine, or the following bar number nine, you know, that would identify the top. So the only thing that we need is really just for the week to complete. And then we will officially have a TD9 count top. Now, whatever the high is, whatever the high is presently the high of the pattern, I don't know that this is going to stick or not, but presently the high of the pattern is 15, 8, 57, 25, whatever that high is, come the end of the week. If price closes above that the following week that this pattern will have failed tells about a strong upward momentum move and that we should be looking for much higher price inside the NQ. But your other question with regard to what needs to happen out there, when we get a topping pattern on a larger timeframe, we should then begin to see topping patterns confirm on smaller timeframes. It doesn't have to be each smaller timeframe, but we should start seeing tops occur on smaller timeframes. Well, it's logical to go from a weekly chart to a daily chart. And we do that, we take a look at the NQ, what we see here are triggered rogment and indicator signals out here. Now, if we don't take out tomorrow's yesterday's high, our Friday's high out there, and then we do spike above that in the next couple of days, that being 15, 8, 57, 25, we would at least trigger another seventh wave move signal, that would be letter G, you would need a lower high to confirm that pattern. In essence, you know, visual, what I'm really trying to say to you, not very well, but I'm still trying, is that if we get a confirmed top on the daily timeframe, that adds to the signal that we have on the weekly. So what do we really need to see on a weekly basis to confirm its top, we need to see a daily top to tell us that that weekly TD9 count pattern is likely to take hold. Hope that answers your question. Thanks so much for the request. Of course, folks, I would love to hear from you as well. I'll check the emails, but don't believe we have, oh, we've got one request here, that was maybe from Rick Vick, but that might be just talking about messy, for all I know. But give us a call or send me an email, Steve at TFN.com, or a thing inside the tiger's den. Hope you're right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFN.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. 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This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Folks, still that mixed bag out there coming from the Dow transports off 87 points. Dow is now up 80, about two tenths, three tenths for the S&P 14, six tenths for the Nasdaq 196 points. One percent for the Russell, that's an 18 point move to the upside. We're taking a ticker symbol here, SEDG, and SEDG, this is from David H. I believe that's in Tom Ball, Texas. Let me see here. David writes in and says, hey Steve, can you give me your perspective? Oh Panama, I said yeah, apologize. Perspective on the seller's edge. I have the 280 calls expiring on July 28th. So that SEDG is the seller's edge. That's it. Okay. So SEDG. Here's what I can share with you with regard to SEDG. It is trying to take out a B point of an A to B equal CDT upside on a daily basis. That B point was from the trading day of July 3rd. Now this is the problem. July 3rd, we know is holiday trading, 892,000 shares. Today you're at 382, 382, 400,000 shares says we do about 1.2 million shares. So technically speaking, it looks like you're going to get a confirmed A to B equal CDT upside today. Now again, they get that volume issue between the holiday and today, but the A to B equal CD would give you a price projection of 295. That would be the one to one. You can see at 297.82, you have a TD9 count breakdown resistance level out there. So very likely what we have is SEDG, solar edge technologies, is getting ready to confirm an A to B equal CDT upside. In order to do that, it needs to close a day above 277.73. That is the B point on a weekly basis. We can see that price is right now trading above its oscillator and change line. It is a slightly bullish structured profile. On Friday last week, price closed above the center of that bullish structured profile. What typically unfolds there, David, is that signals its intent to move to the top of the profile. And that's at 305.69. So continued closes above the weekly oscillator and change line of 278 and change out there is going to add to the idea of a move to 305. So we've got 295.43, 297.82, and 305.69 as a likely price target. And lastly, on a monthly basis, that likely price target would be up at 313.56. That's where it would experience some resistance. It looks to me like SEDG, as long as it closes today above 277.73, I would say tomorrow as well. We like to have those two-bar confirmations out there. What that would be suggesting to you and I, David, is that price wants to make that run towards those levels, the 295-ish area out there. So I hope that helps you out with regard to solar edge. I will say though, let's look at this, today is also going to become bar number seven of its move higher, consecutive sessions out here. I see one other instance where we had a seven consecutive move higher that was back on January 17, 2023. That led to your typical two-bar pullback out there. So what I would also then say is you should experience a two-day pullback. It likely begins today. Do I have any kind of a signal for that? I do not. I'd be watching a short-term timeframe chart, such as a 30-minute chart. Here, for example, is the 30-minute timeframe chart. It shows us roads have been to indicator signals have been triggered, but nothing has been confirmed. In order to be confirmed, you need a bearish reversal candle out there. So that's what I see when we take a look at that solar edge technologies out there. David, thanks much for taking the time to write in. Much appreciated. And yes, Vic did write in. He said, Messi is the soccer player, is what Stevie Ray Vaughan, and he knows that he and both of us love Stevie Ray Vaughan, is two-axe players. He's the Michael Jordan of football. There's no doubt. I saw Messi play during the championships, most recent championships, and especially as a penalty kicking. It really extraordinary control that he has over his body, what's going on in front of him, the ball, and it is fun to watch. I will definitely go down and catch a game. I don't want to pay 200 bucks for a soccer ticket, though. But I definitely will get down there. All right, John C inside the Tigers. I wanted to take a look at NVIDIA out there, and I think it might have just been, can we take a look at NVIDIA? So we've got NVIDIA up on our screen out here. This thing is strong like bull. Last week, negated a TD-9 count top. That TD-9 count top formed on June 23rd, and that lasted basically for, didn't really last, because the pattern completed the week before last, and that got immediately negated last week. This says a strong momentum move was still underway for NVIDIA to the upside. On a monthly time frame, on a monthly time frame, we are in bar number seven of its move. It has a B point that had volume of 1 billion, 1 billion 81 million shares, and it was passed with 1.1 billion. So there's a confirmed A to B equal CD to the upside. John C, what we're going to do here is we're going to switch panels, charts. We're going to go to the black background charts where I can draw in those A to B equal CD. For all I know, I might have them in there anyways, but let's pull up the NVIDIA charts and see what we have going on, on that monthly confirmed A to B equal CD to the upside. Oh, we do. And so what we can also see out here is that the one-to-one price target, let me get rid of, well, the one-to-one price target, I won't get rid of it, the one-to-one price target gets us up to 423.49, and we're well above that right now. So the next price target becomes, it's really the next price target is the range between 493.76 and 509.26. 493.76 is the expansion of the swing points from the high from November 1st, 2021, 346.47 down to the low that took place in October of 2022, and that's at 177, I'm sorry, that's at 134.97. And if we, I can't be, that's a 108, 108.13, 346.47 to 108.13. So all I've done is I've taken those two data points and I've calculated 1.272 and the 1.618 expansion of that. The 1.272 is the one that gets us to 509.26 to 493.76. 509.26 is the one to 1.618, A to B equal CD to the upside. Strong looking move out here, we take a look at the weekly time, the monthly time frame chart. On a weekly basis out here, shoot, you're past the one to 3.618, A to B equal CD. So I don't have anything, when we negated a TD-9 count top, I think the monthly really kicks in on a daily basis. If we did get a bearish reversal candle, that would confirm arrangement of indicator top, price remains above profile, price remains above its green oscillator and change line. John C., I don't know any other way to look at this, if that's, yeah, you asked about that. I don't see any other way to look at this and come with a different conclusion that Nvidia is running the world out here. It is strong like bull and that ain't no bull. All right, so let's see if we've got any other questions that have come in, nothing by email, let me just make sure, nothing by email, a quick peek of the den and I don't see anything out there. So now what do we do, folks? I'm just curious, Nvidia, where are we at on its seasonal cycle basis? Let's go take a look at Nvidia, see if we can figure that out. So here in the S&P 500, this happens to be our 95-year cycle that says we should expect a top right around now, but Nvidia, let's go see if we can find out what its seasonal pattern is, because it surely is strong. Well, its seasonal pattern, interestingly enough, over the course of the last 24 years says we should be in a descending cycle that doesn't bottom out until we get to August 10th. We're clearly not in that. This is ignoring its seasonal cycle out there, so no reason for Stevie to put that on your screen for any longer than that. We get back for this breakout here. I don't think we have any other question. If that's the case, we'll just take a look at the intraday charts for the NASDAQ and the ESM. 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. 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Just visit the front page of TFNN.com. Welcome back folks. So one of our generous ones take a look at the LABU, that's the 3X I believe for the biotech and the S&P 500. I don't recall what the 1X is. I know IBB is for the NASDAQ, but I don't recall what it is for the S&P. I have a little bit of a brain fart. But what we do have right now, LABU is generating a confirmed A to B equals CD to XBI. Thanks, Dan. It's taken out, we'll confirm that by looking at XBI. It's taken out a swing point from back on July 13th in volume of 25 million shares. You're already at 22 million shares so far. So you've got a confirmed A to B equals CD to the upside pattern out here. That ought to take us to about, let me give you the approximation on this. In the LABU, the 1 to 1 is about the 680-ish type area. 754 could also be a price target. That's at CD9 count breakdown level. The weekly chart looks bullish to me. The monthly chart looks somewhat bullish. Let's take a quick peek here at XBI. Make sure that's confirming the same thing. Oh, it's not. You didn't see that chart? Son of a gun, Stevie. Thanks Bill. Sorry about that. Let's just change the windows here. So we're going to look at XBI anyway. So if XBI confirms what we just took a look at, so XBI has got a swing point out here from July 13th, that volume 4.4 million shares. So far today you are at 4.2. So in the case of XBI, let's take a look at that A to B equals CD to the upside. There's your A to B. Let's just simply move that over to that C point. That gives you an XBI. I moved to about 8803. 90.09 happens to be at CD9 count breakdown resistance level. Bullish on the weekly, bullish on the monthly chart out there. I'll put up LAB, U just so those charts are on the screen out there, but it looks like it did not keep my A. It kept that A to B. It kept the C to D leg out there. So that's what I see when I take a look at LAB, U. Real quickly, if we go take a look at interday, what's going on? Here's the NQ charts out there. On the NQ charts, what do we have? You've got a TD9 count top on the four hour timeframe. That's really what to watch out here. That high, and that's the high that is presently is at 15, 857.25. We're trading into that swing point. Likely will be tested. A close above 15, 857.25 suggests that we continue to add higher out there. 30 minute chart. You're in bar number nine as we come to this 12 o'clock session. So by 12.30, we should see a retracement begin. And that should take us back towards 157.41. Folks, stay tuned for great programming. I'll be back with you tomorrow on terrific Tuesday. Please have a magnificent, marvelous Monday. Thanks for being here.