 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. Good afternoon, depending on what time you're listening to the show, this is Steve Rhodes. This is the magical Monday, December 23rd edition of today's Trader's Edge show. I'm recording it live between 8 and 9. So if you're listening at 1 o'clock, try to make this as pertinent for you as I can. Right now, we've got all of the futures contract. U.S. equity futures contracts are trading to the upside. Look, this hour, it's all about you. So I'd love to hear from you if you're up early and listening in, 877-927-6648. That's one way to get in touch with us. See us another way. If you can't call in, you can always send me an email. But do it early, Steve at tfn.com. Inside the subject heading, please put radio show question. Of course, in our Tiger's Den, well, any ping will do. So let's go ahead and get this show started. It's going to be a very light trading week, obviously. Market hours tomorrow. You get the market closing at 1, opening back up on Thursday and Friday. But it's going to be light trading out here. So let's go get started on this magical Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to LUS Show. Trying not to sneeze here in your ear. Excuse me. Sorry about that. Anyway, let's go take a look at the markets right now. As you can see, you've got the equity futures trading. The upside Dow was up 58 points. S&P up about six. NASDAQ 123 Russell up two points out there. Overseas last night in Asia, markets were mixed. You had the Shanghai off about one and a half percent, 44 points to the downside. The Hank sang up 35. That was a little over one-tenth of a percent. Flat market in Japan and Nikkei up four points. The Australian 200 down 31 or about a half a percent. And the DAX right now is trading up 10 while the FTSE is up 39 points. You've got gold up four bucks, silver up 13 pennies. Lightsweed crude is flat. Natural gas down 11 cents. Gap to the downside off about 5 percent right now. T-bonds are up four ticks. The 30 year, that is the 10 year is flat as we speak. US dollar index trading up about eight pennies. OK, so no questions in the QGS yet. We've got Jay who's got the grits ready to roll in a little fish. And had some fish tacos last night. As a matter of fact, Jay still eating some of that fine product that I caught last Sunday out there. Let's go take a look at the markets out here. I know one of Jay's questions would be, hey, are there any new profiles? Let's begin there and take a look at those. Here are four daily equity futures contracts. And we can see the blue lines out here are the daily TAS market profiles. And no, nothing has formed out here. So what are these profiles used for? They help us as guardrails in essence to identify support and resistance when you're not posting. Well, Jay, thank you for that. Let's get the guys in the den. They're here early. They have not apparently posted my chart. So guys in the studio, please, please, please get those up. And then we'll go to as soon as you got that going, then we can go to Isaac in New York. But I don't want to, you know, if I can't answer Isaac's questions by showing them what's going on, that's not going to help. But we do have a caller who's calling in about gold and silver. Let's go to him. Let's go to Isaac. Thanks for calling. Thanks for holding. How are you today? Hi, I'm fine. Good morning, Steve. My question to you is like this. I see you have on your newsletter you have that silver is a TD eight count today. I don't know what the little asterisk is next to it. But my question is two-fold. Both gold and silver have had the last 10, 12 days. It's very, very tight and small range. Does that play a role in when you calculate a TD nine count that it's really easy to actually stop moving up and it wouldn't be valid because it's such a small range or it doesn't make a difference. So the answer to your question is no. The TD nine count is just simply taking a look at each bar's close and comparing that to the prior bar, to the close of the bar four bars earlier. So again, let me state that. So in this case here, are you watching us on Tiger TV? I think we've got everything posted now. Okay. So if we, this is the daily timeframe chart that we're taking a look at. And December 12th was bar number one. And the reason that it was bar number one is that close was a close above the bar four bars earlier. So we just count four bars earlier, one, two, three, four. We can see that the fourth bar was December six. And that's when price was pushing lower, close lower. And so therefore it gets a bar of a count of one. On that second day, small body candle, as you said, but still that close was above the bar four bars earlier. And so it's just simply a method of being able to say, Hey, do we have, does the market, does the market generating successive closes where that close is above the close four bars earlier today? Looks like it will be bar number eight out there. I think you might have been looking at was it the weekly chart? I think it's the weekly chart that is. Give me a second here to pull that up for you. Let me pull this over because I think what you're referring to with regard to silver. I'm not sure, but let me just pull it up and make sure out here. And so what Isaac's talking about are these, this is not the, I grabbed the wrong one. Sorry. This is actually for the cash indices out there. But let me pull over the one that's got the futures contract. And this is folks, this is my one of my market analyzers. That way subscribers like Isaac understand what is going on inside the market. As soon as I can. So I think what you're referring to over here, so the stars. So let's take a look at the stars. What are the stars mean out here? Right now I'm just looking at the equity futures contracts out here. The stars are a way of telling us that the nine count or the eight count, whether it's the upside of the downside is a valid count. And what I mean by valid count, Isaac, because I mean that the high of this pattern is either on bars eight, bar nine, or the bar following nine. So in the case of the NQ, as an example, it right now on a weekly basis shows bar number one. That's, and you've got a star next to it. So that's telling us that that is actually bar number 10 that has made the high. And the star is telling us that the pattern itself is valid out there. So with regard to the stars, does that help you with regard to the small body candles? It explains what the stars are. The question is, it doesn't bother you the fact that the ranges have been so narrow, let's say, for example, in silver. Well, it's not just silver that the ranges are narrow, but does a narrow range... Well, you're asking the question. So can it give me a feel for your perspective and where you're coming from? It sounds to me like... The silver normally trades, let's say, in a 30 cent range between the high and the low every single day. And let's say the last week it's just been ranging, let's say, seven or eight cents. The fact that we've gone up and the actual net change in the whole, let's say, nine bars, let's say, 12 cents, should that, might that play a role in the fact that even though it's sitting in nine counts, it doesn't... It'll give us less of a reason to expect, to suspect that the market is making a short-term top. I guess I don't have any experience that I can share with you that says that small-bodied candles are going to have any meaning with regard to the pattern. You know, here is the silver futures contract. This is using my synthetic version. We're about to go to a hard break. So what I want to do is be able to come back to this set of charts out here. But to answer your question, small-bodied candles don't bother me. But let's come back and discuss silver with Isaac and anything else Isaac that you'd like as well. Steve Rhodes with TFNN, we'll be right back. Global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. 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Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. 8-7-3-7-6-1-8. Welcome back, folks. 8-18 in the morning recording the show live this morning between 8 and 9. Thanks for listening and we're on the line with Isaac in New York. So, Isaac, are you looking to go short silver or are you long? I'm actually looking to buy, but I'm curious as to because I know that the TD9 count is going to have a cell signal, so I'm concerned about it. I know that we're coming into an illiquid period in the market, but if I'm taking that into account, I'm definitely going to put on a smaller position and I'm worried I'm concerned about the TD9 count. And is your you want to purchase over? Is this for a longer term type holding? No, it's actually quite a short term. With the holidays coming up, I'm not sure at all whether I should take it or not and that's what I'm concerned. Yeah, so holiday trading is definitely because of the lack of liquidity, as you pointed out in the market, it's always a bit of a tricky situation. First, let me just give you the bigger picture on silver here, even though you did mention short term. But as long as I've got the monthly timeframe chart up on the screen, one of the other benefits of that TD9 count, Isaac, is that it provides us with a breakout and a breakdown area. That is the higher low of that nine count. So when we take a look at a monthly timeframe chart on our screen, we can see that both at 1840 and at 1957, but right now at 1840, that's a significant resistance level for silver. So on any move higher, you must be aware that that 1840 has acted as a nice resistance level out there, and then until silver were to close above that, would there be any kind of a potential breakout on a longer term basis? So silver has not broken out by any stretch of the imagination. I believe that silver will go ahead and follow the price of gold and that you will see both gold and silver lower coming into the following year. But that's because of the patterns that are out there inside of gold. If I look at the weekly timeframe chart here for silver, you can see that it formed a nice roge momentum indicator bottom back in November. But when it did top out here and twice it did this, it created at its highs these TD9 count patterns. Now this is the weekly timeframe chart out here. And so the first time that I'm looking at was back in February of this year that led to a move lower right into support. So remember, when we take a look at those TD9 counts, they help us to identify breakout support. Those would be the red lines on my screen and then breakdown resistance. Those would be the green line. So closing above a green line here as silver did back on July the week of July 26 out there suggested that silver would continue to run higher to where? Well, 1752, that was its next breakdown area. Price gets above that and it doesn't top until it creates that TD9 count out there, creates a nice little shooting star. Price on the weekly basis below Stevie's green line, which is 1750. This would say that any countertrend rally could or should stop at that 1750 level out there. Now if we go take a look at the daily timeframe, so we start to get back towards some shorter term timeframes out here. Today would definitely not be the day or tomorrow would definitely not be the day. And Wednesday will be Thursday now would definitely not be the day to take a long trade in the silver. The reason is, so if we take a look at silver on the daily timeframe, what you'll notice is that when it did top, it was on bar number eight of the TD9 count. So this is on the trading day of September 4. Price does what? Moves lower into the support level of the breakout area, 1724. Finally breaks below and closes below for a second time on November the 8th out there. So closing below support or closing above resistance two times in a row suggests to me that the breakout or breakdown move is in fact real out here. And silver starts to stretch itself and move lower on December the 6th and December the 9th out there. Never making a bullish reversal pattern. That's with the roads momentum indicator aspect. That's really one of the key levels. Now the reason I said that you would not want to enter into a long trade on silver today is because today on the daily base is going to be bar number eight. And that is at a, so bar number eight can be a top. Isaac just as it was a top back on September the 4th out there. It could also be bar number nine or bar number the bar following nine bar number 10. That's why I said for the next three days, I think silver is off limits unless we were to see some type of breakout that's going on. So trading above, let's say on a daily basis, the TD nine count green line out there, which is not what we have. So I would rather see you buying silver if it had a TD nine count to the downside or some other pattern or a test of support, the breakout support. But it doesn't. And therefore I don't think it's a it's a wise trade to go along silver. Now if you're going to get to some really short term timeframes out here and this chart, by the way, it's on my screen. You've got a 60 minute and a 240 minutes on the 60 minute prices below the bottom of the profile out there. Let me give me a second here to punch up silver on my short term. 15 minute chart for you. I can bring up anything. So let's just go here. We'll take this 30 minute timeframe chart. Let me switch this to a 15 minute timeframe chart. My oscillator and change line, the little green or red line is squiggly now. And the reason that it's squiggly is because it's still set to a 30 minute timeframe. So let's not pay attention to that. But on the 30 on the 15 minute timeframe, this shows that prices moved all the way back earlier during this 15 minute cycle has gotten back to a key level of support. That's at $17 and 30 cents. So that 1730 was set up by the low of the most recent TD set up nine count to the upside. So what price has done so far this morning on a very short term basis is pulled back to support. Now it didn't get right down to support at 1730. The actual low so far this morning. This is the March contract out here for silver. The low there is 1732 versus 1730. Now, I don't know if price is going to get back down there. You've got a bullish reversal candle. It looks to me like, okay, that little short term low from a 15 minute basis is in. And now what I'd be looking for, let me change the oscillator and change line just so we're looking at an accurate. Depiction of what's going on here. Let me change this to 15 minutes will take just a second to do that because that's going to be potentially your first level of resistance. If you are long, let's say you took the long trade right now, what you're looking for your resistance areas are going to be 1737 1739 and 1741. If price can close above those areas and where price should get to it be 1746. That is the high of the most recent TD set up nine count to the downside. What question next for you know, that's pretty much sums it up and it gives me everything that I needed. Oh, perfect. Thank you very much. Well, when I can do that, that's a good thing. So thanks for calling in and glad we're going to give you what you were looking for. You got it. Thank you. You bet. Have a great day. I was Isaac in New York support. Now, now silver, here's the other side of it. Here's the daily timeframe. You can see price above the daily profile. So if so forget about the short term, not that I'm going to ask you to forget about the short term. But if price could break above that break down level in the 15 minute timeframe chart that would then say, OK, well, maybe silver is going to move up to in the 1766 ish type area. That's the center of its bearish structured weekly profile out there. OK, so we're just about to go to another break. Of course, I'm recording this show live between 8 and 9 in the morning. It's 8.26 out there. Currently we've got all of the equity futures. They're trading to the upside. Now equity futures up 58. S&P up 6 and a half. NASDAQ up 24. Russell 2000 up a couple of points. Spotball utilities, by the way, at least it was before. Let's go check in on it. It is also trading higher. It's up by seven pennies right now trading out at 12.58 out there. And that's the danger sign right now in the marketplace. There's several of them. But one of those danger signs is this pattern, which is a rising spot volatility mix on a closing basis. That's the bottom panel and rising price in the S&P 500. And that just says caution. Will Robinson. Well, and all of us will be right back. Since 1984, Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While 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 market technical indicators enhanced the degree of accuracy in 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. 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So we're taking a look at Silver. Isaac was looking at Silver. We take a look at the daily time frame chart out here. We can see that Silver is going to form or should form a nine count today. The last time that Silver formed a high was on bar number eight. That was back on September 4th. And my suggestion to Isaac was this is not the day, nor would it be tomorrow nor would it be on Thursday to enter a long trade into Silver with that potential topping signal in place. However, Isaac was a shorter term type trader. And so what we did was we took a look at the parameters he requested which was for a 15 minute timeframe to assist him. And here what we've got is support and resistance. Support being 1730. Nine count breakdown. Resistance being 1746 out there. And so that was the review. We've got a request to go take a look at an individual equity. That individual equity is ticker symbol ICLN. This is from Mike H. Mike writes in and says could you please review ICLN for an entry point if you think it's a long candidate. Think intermediate to long term perspective. So here's what we know. So now is not the time to also enter into a long trade for the S&P Global Clean Energy Index Fund. The reason is because well Friday was bar number eight. Today may be bar number nine. We won't know until the close. Today's close must be above the close of bar number five out there. Bar number five by the way that close is for you to be watching is 1158 today. And the reason is because you can form one of those TD set up nine counts. Now it wouldn't be shorting this equity as a result of that as we speak. But now it's not your entry point. Of course we're asking for an entry point. The question is, does this form a TD set up nine count top? And if it does then where is price going to pull back to? And we'll want to take a look at the profiles at that stage right now. There's a bullish structure daily profile. 1146 would be an entry point or 1151 would be a potential entry point and a pullback. But then if it's a top, those areas are likely to fail. Not guaranteed to fail. And it's not much above where it's trading right now. So why not enter it now? Because we really need to see what happens if this does form some type of top. And how do these key levels of support hold? Because price could pull all the way back to where it had broken out, which was at 1097. That was its previous resistance level. So for ICLEAN, now you also mentioned intermediate term. So if we're going to take a look at intermediate term on this or long term on the weekly chart, first we can see prices above the weekly and the monthly profile. So everything is looking good there. And on the weekly timeframe, all we can see is prices moving higher doing a less relative energy. That itself is not a reason to take a short trade just as a cautionary type signal out there. As far as the weekly chart, I'm just trying to figure out where the wave counts, where we might be, letter number F, that's going to be wave number six. That's going to be out there. I think you just have to respect the daily timeframe out here, Michael. And wait to see if this does in fact top and then we'll see how it's pulling back with volume, without volume, and so on and so forth out there. So thanks so much for writing in and happy holidays. Let's go to Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you today? Good morning, Steve. Can you hear me okay? Can hear you just fine, sleepy eyes? How are you? I'm doing good. I'm doing good. Did you have a nice weekend? I did. It was very good. How about you? Excellent. Yeah, you know, we've got some nasty weather kind of flowing through the area. So it's not your ideal Florida weather, but I think we'll have in a couple hours. So that'll work. I can wait. That's good. I had a question about this overall markets and your seasonal work specifically. Yes. And my question was if I'm understanding correctly, so what you've been saying. Oh, here recently that if we were to make it to the end of the year, continue with this uptrend. I know you're cautious, you know, looking at things that give you caution, but if that were to transpire as opposed to us having some kind of big correction before we get there, that would be more bullish going into next year. Is that correct? Can you restate that last, that last? Just if we don't have some kind of big correction between now and the end of the year, it's going to be more bullish for the market in 2020. Is that correct? No, that's not my take. So part of my take would be, so let me just see if I can find, if this will open up for me, I hope that it will. And I want to just punch up the seasonal pattern out here. Here we go, just give me a second here. I should be able to do this here. Let's see, slide show from the current slide. So folks, what Brent is referring to here is the annual seasonal cycle. And so what we do know is right now, the markets are moving higher. On a seasonal basis, this is over, this is a study over the last 86 years out here. The Dow will typically form some type of top in early January. Now the day is in this cycle over the last 84 years. The average has been January 6th, but it doesn't have to happen on January 6th. It could be January 3rd, or it could be January 15th, or it could be, so sometime in January, we would expect some type of seasonal top, which would then pull us down into the 30th. That would be the normal thing. With so many topping signals that are out there, Brent, my concern is, and I don't know what the magnitude, let's say a top does form, or at least a short term top does form. Then the question becomes, what's happening on the longer term chart? So how do I get the monthly chart out here for you? I know one way to do it. So let me take a look at the S&P 500 as an example. So this is going to take just a moment to get to pull up as well. So here's the monthly timeframe chart for the S&P. I need to make one change to this chart because price is still moving higher, doing less relative energy. But I've got this set so that it doesn't pick up that signal until the bar, no, I don't have it on the bar closer. That's interesting. That's really interesting out here. On my other charts for the long term, must be the futures contracts that are showing. Well, let me pull up the Dow. Actually, I should stay with the Dow anyways because we're taking a look at the seasonal pattern with the Dow. So give me a moment here to do that. So up will come the Dow. And so what we've got going on here, Brent, is December so far is a relatively small-bodied candle for the Dow out here. And price is moving higher, doing less relative energy. And so let's say we get some type of pullback in January. The question is going to be, what's the bar look like on a monthly basis as we come into that end-of-the-month area? And is price trading below Stevie's green line, which right now has a Friday's close. This is a monthly chart with 27907. So because the bar is small, the body of the candle is small, it makes it easier to form some type of bearish reversal candle. So if we do get a bearish reversal candle and we do get a close below Stevie's green line out there, that could be a suggestion that there's a larger retracement that would be underway. Is that kind of... And then when I take a look at the weekly time frame chart here for the Dow, the Dow is forming on a weekly basis. Last week was bar number nine of a TD-9 count. We know that this week could be a higher high that could then set up that potential top. So we want to watch the weekly as well. So the weekly's got a potential TD-9 count top. The monthly's got a potential roads momentum indicator top. And then we get back from this break. This is a daily time frame chart for the Dow and see what we see. Okay? That sounds good. Thanks, Steve. Perfect. Perfect. You bet. We'll be back with Brett in Martinez, California in just a few minutes. If you are in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. 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To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-4767523. The Perspectus or Summary Perspectus 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, LLC. Welcome back, folks. 8.42 in the morning. We're on the line with Brent in Martinez, California. And we're discussing the Dow, the seasonal patterns. The seasonal pattern, typically the Dow will form some type of top in the early first week of January, and then markets move lower into the end of January. Now, the concern, and I was certainly more concerned last week on Thursday because of all the signals that were out there, Friday's move higher negated a number of the daily signals. It did not daily roads momentum indicator signals. It did not do that in the Dow. And the Dow is what we're really referring to. Now, the reason why these roads momentum indicator signals are so important, folks, it's a five-step process. So my lines start to begin drawing. We're looking just simply at a bar chart right now. And as we take a look at the bar chart, it just allows me to show you a little bit more data. So going back into September of 2018, you can see that the roads momentum indicator signal identified a nice top out here back in the early part of October of 2018 and a nice bottom into October 29th. That led to a nice little rally. We've got a top that formed out here in April. That led to a bottom that formed in June, a top that formed out here in July, a bottom that formed with these signals in August. And now we have a topping signal in place here for the Dow. So with regard to the Dow, everything is in... So if price continues to move higher, with less relative energy out there on a daily basis, you'll have a topping signal. We've got the TDE nine-count pattern on the weekly and on the monthly. The bar is so small that it should be easy to create a bearish reversal. Canada on the month is not over. It's only the 23rd out there. But we shouldn't see substantial moves to the upside, typically during the holiday period out here, Brent. So I don't think the markets are going to get wildly ahead of us. With regard to the Dow itself, you know, here are its weekly and its monthly horizontal trading ranges. Let me see if I can add the daily here real quickly, just to look at the next possible area of support. Did that do it? No, that didn't do it. Let's see if this does it here. If this gets me the daily out here. So actually, you know, the Dow Equity Futures contract is really above resistance, and price could run up in the 29-5-ish area. But am I confusing you? Because I don't want to do that. I'm a little... No, it's just slightly. I mean, I kind of get what you're saying. It's going to depend on how the charts develop over the period of time. But I guess, yeah, I'm going to go back and look at the archive and... But continue. No, it's just that there are so many weekly potential topping signals, monthly potential topping signals, a daily moving up into a period of time where we should see some kind of a top has me a bit more cautious, but I don't know what the candle formation is going to be, right? And so we're just simply going to have to come back to that. But those candle formations could, on the longer-term chart, really set up something that could lead to a market that moves lower. Beyond. Beyond the typical cycle. A little more bearish. What's that? You seem like it might be a little more bearish, potentially, just depending on how it pans out here. Yeah. It's because of all those patterns that are present at the moment. And then taking a look at those patterns and saying, okay, how difficult would it be to create a bearish reversal candle on the monthly timeframe chart for the Dow? And when I take a look at it, the answer is not difficult at all because the actual body of the candle, let me just put that monthly chart back out here, just isn't that wide. It's, you know, I was talking to a subscriber earlier this morning. We were looking at Silver and he was referring to small-bodied candles. What a small-bodied candle in essence does is, in this case here with price moving higher, just makes it easier to create that bearish reversal candle should it form. So, yeah, I'm a little bit more cautious that the markets are actually overstretched in setting up because everybody is looking for the other side, is looking for the bullish side out there. And I'm just saying not so fast based upon the pattern signals and what it would actually take to get the Dow to say, hey, I want another nice pullback here. Yeah, that part I do fully understand. I mean, that you've explained, you know, in a way that I definitely get it. So, I appreciate it very much, Steve, just have a Merry Christmas and enjoy the holiday zero. Yeah, after the Christmas and going into the New Year here. You bet, you too. And thanks so much for being up early and calling us. That's 5.47 in the morning, folks. That is the early bird that catches the worm out here. Let's see what's going on here in the pre-market. See what we can see. Looks like ITCI that's intracellular therapies closed at 12.44 on Friday. Right now, that's trading out at 24. That's a double out there. So, that's a nice move. You've got surrepti-therapeutics. SRPT is the ticker symbol. Close at 126. This is now trading out at 137, but just trading with inside its daily profiles out here. Close above 138.79 would be nice and bullish for it. Tesla, which closed at 405 is trading at 413 out here. So, it is extending its gains. The high on Friday was trading at 413 even. You're trading at 412.70, the last trade that fired off out there. So, that's what's going on to the upside to the downside just to get UNG. So, I think here, I believe I've got a question let us come in about UNG. Let me go back to that and see that is Clinton. And Clinton, what's your line on UNH, not UNG? So, let's go take a look and he's referring to Stevie's red oscillator and change line. So, when we take a look at UNH, that is United Health. United Health price is trading below or close below, it looks like on Friday. Was this Friday's scandal? Yeah, it was. Close below Stevie's Green Line. It was 293.67. So, this would suggest that as long as price stays below 293.67 that Stevie's Green Line, that price would pull back to the next level of support Clinton. And that level would right now have to be the top of the daily profile. It would be 283. You asked about Nike. NKE is the ticker symbol. So, let's punch that up on our screen. And what Nike did on Friday was Nike pulled back to test Stevie's Green Line. That was 99.23 out there. And so, this remains in bullish configuration. You did have a bear candle that formed on Friday. There is an A to B equal CD. This is a small one, but it looks like this. Let's draw it and this is coming off the low from November 6. That's your A point, your B point, November 19. Your C point, this little hammer candle down on December 3. So, this made a 1 to 1.618 A to B equal CD. Did that with a confirmed bearish reversal candle. So, in the case of Nike, if you were to see a follow through to the downside of that bearish reversal candle, but more importantly, a close below 99.23, that would then signal to us that Nike is getting ready to pull back to the 94.68 level up there. So, Clinton, that's what I would be looking at for those two specific instruments. Hope that information helps you out. So, as we go into this break here before it looks like we would get to the two-minute wrap. Let's take a look at the equity futures again. They are trading to the upside. The Dow is up 55 points. That's the Dow Equity Futures contract. The futures contract for the ESMini is up about 7. The NASDAQ up 28. The Russell up a couple. The ESMini right now dealing with an area of resistance. That resistance being it's horizontal trading ranges. The daily and the weekly are about the same level. This is the ESMini equity futures contract. This is the continuous contract. 32. 42 is a resistance level. 32. 62 is the monthly horizontal trading range boundary line. That's probably it for the rest of the year. That 32. 62 area out there. Steve Rhodes with TFNN. We'll be right back. We'll be right back. We'll be right back. We'll be right back. We'll be right back. We'll be right back. We'll be right back. You can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com and hit watch Tiger TV. That's tfn.com and hit watch Tiger TV for the latest market information. Welcome back folks, so we were talking with Brent about the Dow just the markets in general out here. So as we take a look right now, you got the S&P futures up by 6 points. A little over 6 points out there. Spotball at TildenX six pennies out there. So not a big deal, except it is a big deal. Again, Brent, we come back and everybody else out there, will we pay attention to the fact that right now a little subtle pattern out here, a little subtle pattern that you and I have seen before. We know that these patterns, when they do confirm, and by confirm we need to see some type of bearish reversal candle out here for the S&P 500. So the top panel of our chart is the S&P cash, and the bottom panel of our chart is spot fix. The yellow line out there is a 50-day exponential moving average, but what's really important is December 16th, and the closing price of the spot ball atyonyx at that stage was $1,214. Right now the spot fix is trading out at $1,257. So we've had the S&P 500 moving higher at the same time that the closing price of the spot ball atyonyx has also been moving higher. Now this pattern can be negated by the spot ball atyonyx closing below $1,214, but we don't have that pattern right now. What, and marked on my chart out here, are other similar type patterns that have led to either market retracement or market to deep enough market corrections out there. So it's one of those other patterns very subtle, not too many people, very few people that I know of follow this specific pattern. I know that listeners out there do because we know how important it is to pay attention to it. So that's what I see in the overall markets. With regard to this morning out here, it's 8.56 in the morning. If we take a look at the 30-minute chart here for the Dow Equity Futures contract, it formed a TD setup nine-count top for the short term. Price right now is testing Stevie's green line. It's right around $26.529. If price is able to close below that, expect the Dow Equity Futures contract to pull back to $28,480, $28,486, or $28,497. Those would be its downside targets. If it can hold that, it's just nothing more than a normal retracement. Folks, have a Merry Christmas, have a safe and happy holiday, and I look forward to seeing you on Thursday of this week. Take care.