 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 afternoon folks welcome to the February 17th the terrific Thursday edition of today's Trader's Edge show I'm your host TV perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future Versus prisoners of our past Hope we went out there's having a great day and let's make sure we have an extraordinary one and the easiest way to do that Well, it's to always remember that life is happening for us not to us That's right. We need to make that one little two-by-four shift Well, it means we can find a gift in every set of circumstance that life is going to toss at us and today you and I We're going to go check on the circumstance of these markets We'll go figure out with those bulls and bears what those buyers and sellers are Communicating to you and I at just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here, but more important than that and that's this they're in a stack 60 minutes I'm here to serve you so feel free to pick up that phone You can dial on an 877-927-6648 if you can't tell and hey, we've got you covered there, too Let those fingers do the walking go ahead send me an email send it Steve at tfnn.com and inside that subject heading Please put radio show question of course in our Tigers then well any and every ping will do So let's go ahead and get this show started on terrific Thursday, of course. This is tiger Financial news network. I'm Steve Rhodes. Welcome to less show We begin the show with all the us and sees training to the downside dows off 386 S&Ps down 56 Nasdaq 259 Russell 30 semi 79 trannies 186 You got the spot politics up about two bucks trained out at 26 31 Gold is up $30 nineteen hundred point seventy silvers up 23 pennies She's trained out of 23 83 lights recruit back to 54 train out at 89 30 in the 30-year treasury of 26 ticks That's trained out at 151 21 dollar wise leading to the upside. You've got in Spurrido in Spurrido corporation. Yeah total up. Maybe it's an IPO up 493 Brent's 493% That's a big move is an IPO. Let's see here real quick. Oh, yeah does certainly looks that way Or reverse merger, but in any bet you've got the equinix of 21 bucks 3% Massimo Corp 15 bucks 10% Vistion Corp is up 13% 14 buck runes out there to the downs at its Mercado Libre lead the charge 77 bucks nearly 7% googles off 64 a little over 2% Shopify 58 nearly 8% booking holdings 57 or 2% Chipotle down 39% or 56 buck runes Let's go to our first caller. It's Brent in Martinez, California Brent. Thanks for calling. Thanks for holding. How are you today? I'm doing quite well Steve. How are you? Excellent. Thanks so much for calling always good to hear your voice and what was it yesterday? We spoke about Walmart. I can't recall it was yesterday the day I sent you an email and I'd appreciate your assessment of that and that's kind of Got one reason I'm calling. I decided to instead of buying in before the Earnings report. I just wait till they came out this morning. Okay. I was watching it pre-market I thought was up around, you know, they're little where it was positive So it was moving around but thought get up as high as 138 and decided to you know To see what it or open that and it didn't open up that much on the fair is that we're getting close to the open Right started to drift down even a little negative. It did open around, you know, roughly work where it closed yesterday and so I got in around 134 and I just Looked like to me the area that's going to be pretty critical to get above and stay above Would be that midpoint on the daily profiles there and then because if it did get there and hold there That would get it back in that consolidation zone and above the Low or the bottom of the weekly profile and the monthly profile and kind of open the door to maybe, you know The 140 areas that I just want to get your thoughts on that Yeah, so Brent no doubt from a profile standpoint at the moment prices above the bottom of the daily weekly and monthly profile So you've got support that is held those ranges are 135 05 136 41 and 134 17 You're inside a bullet structure daily profile and any close above 137 26 would suggest that price should move up to the top of that profile It's at the 142 78 you can see that prices up against a short term descending trend line out there Price to trade and just above that so that would be the only other level of resistance that I see on the daily time frame Any questions about this daily chart or any of these black background charts before I pull over the white ones for us No, and I know that yesterday was bar 9 so then today would be you know We're given a bar that we're having so far that would be pretty bullish But yeah, you can take a look at that on the white charts and see if they have very very bullish There's no doubt about it. You know, we're just trying to figure out where's the next battle That's really ongoing right now. It doesn't appear to be much of a battle You've got I think we mentioned yesterday. There were a couple of different patterns that were out of there Was a TD 9 count and the roadsman to indicator signal So you've got the bullish reversal candle to confirm both of those patterns now Before price gets up to the top of that profile There is TD because it did form a TD 9 count pattern that generates the natural resistance level at 141 So the upside price target right now unless that descending trend line holds coming into the end of the trading session The upside target is between 141 and 142 78 your price can take out 142 78 Then the next target would become 150 51. Any questions Brent about the daily chart? No, I think that's it Steven really those numbers. It is gave me that's kind of if I get up there I'll probably get in I don't have a ton of time. I have out to The following Friday for the 25th is what I would the ones end up buying and I have the one 35 I believe so have to go back and look at it. That's what I didn't get it Okay, okay so the weekly chart the oscillator and change line change colors last week or the week before and Typically what we see is price will make a move up to that level. So that's the 141 ish area out here that price is going to change up and down as price moves up and down So you've got one resist a potential resist at 141 If you clear that the red oscillator and change line on the weekly basis But still we've got 141 on the daily that TD nine count level So those are the areas to watch not that price can't get above them But that's really where the it looks to me like the next battle inside of Walmart is and real quickly on a 30-minute time frame I've read that. I don't see anything here to suggest that there's any kind of a top from a short-term standpoint So 141 66 is its target So that 141 keeps coming up no matter how we look at it daily weekly and even on a 30-minute chart out there So I do hope that helps you out. Is there anything else that I can do for you Brent? Oh it absolutely does there's Some other ones I'm looking at to possibly be next week So I might even call you tomorrow or even Monday or something that you know have you give your assessment and you know I kind of to go or you know just to have another person to bounce it off of Sure, no problem. So tomorrow I'm going to record the show from eight to nine So I know you're an early riser typically that's five o'clock in the morning for Brent folks out there If you wanted to take a look at the instrument right now, I'm happy to do that for you. So it's all up to you Yeah, I'll just I'll try to try to talk to you in the morning. I'm shall be listening in and looking for some potential trades I'll probably be looking more at The indices tomorrow. Are we going to get some kind of bounce going into the weekend or we're just going to keep? You know the downward trend. So that's you know, hopefully you can I know you'll do we'll look at Brent I would I would just prefer that you call in with the answer to that question for me tomorrow That sounds good Steve. I'll try to give you a call in the morning We'll look at some of the shorter term things and see if there's any bottoming You know things are coming in that for a potential trade for tomorrow. Sounds great. I always great to hear from you Thanks so much for calling you but that was Brett de Martinez, California. We get back for this break We've got some questions of coming by email net ticker symbol nat nordic american tankers the smh's and roku will be right back Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon 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 What's separating you from the most successful men and women on wall street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The test profile scanner is the premier market profile based scanner Powered by its acclaimed test proprietary algorithms This feature rich scanner instantly filters over 2500 plus global financial markets such as stocks etf's commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade And you still get a 30 day money back guarantee So you have nothing to risk level the playing field with the test profile scanner Which you can find under the services tab at tfnn.com sign up today 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 Oh toll free at 1 877-927-6648 internationally at 727-873-7618 Back folks, let's go out to denver colorado and speak with ron ron. Thanks for calling. Thanks for holding. How are you doing today? Great stave. It was uh four in ark yesterday expired tomorrow And I told him yesterday and then I told some more this morning and so I think That looks like they're gonna give me a little income So I want to say thank you on that You're welcome, but I I was just looking at a stock it's uh yes, and uh A couple of months ago and go to 54 target Well, the last couple of months is falling out of bed. It's about 13 and a half now But there's been four should I get in bed with you? Yeah, so Because this has only been trading since about uh, october of 2021 out here. We have really limited data The only profile data that we have is from the daily time frame chart and the bottom of that profile was 1571 And as you pointed out, we're trading below that we're at 1337 right now So the real question on f l n c. That's a ticker symbol folks is, you know, does it have a bottoming pattern? And the answer is it could if it generated a bullish reversal candle So it's triggered arrogement to indicator signal And if it does generate a bullish reversal candle, then that would be your Trigger into the trade now What price is going to really have to do in order for a long-term call position to pay off is you must see a Close above 1713 1713 is the top of the profile. It was tested maybe last week early last week out there And that's acted as resistance So you know where the real sellers are at if the sellers can overtake that area Then it's got some promise that promise would take you up to 24 74 That's a td9 count breakdown resistance level Uh, but should you get into it right at this very second on a weekly chart again? We have limited data out here, uh, but as I take a look at this chart I don't have any kind of a bottom signal to suggest from that standpoint The 30 minute chart does show a bottom that formed out here was wave number seven. It was letter g It was at 2 30 in the afternoon. It was on the uh valentine's day on monday out here We are starting to see a little bit of higher highs and higher lows the question is Will 13 29 hold now this is a 30 minute chart Ron at 13 29 is the bottom of its bullish structure profile for that time frame If it does hold and then we go on and make another higher high out here Then at least on an in on a very short term base, you're getting the type of Signals you'd like we may not have that confirmation on the daily Whereas if 13 29 fails price probably falls back to 12 60 That's a breakout level for the 30 minute time frame And then I would come back and I'd say, you know what? I think you need to wait for a bullish reversal can on the daily time frame Because you said the key word you're looking for a longer term type of investment out here. Is that correct? Yeah, well the longer term for me is two or three months Yeah, okay, that's fine. Uh, so yeah, so because it's two or three months I I'd prefer to wait for for at least a confirmed Bottoming pattern and you just don't have that for f l n c So golden sacks got it wrong at least at this stage out here I'd suggest you continue to watch it call in anytime you want But if you do see some type of bullish reversal candle and that may be the trigger Knowing that you've got a battle in 1713 you clear that then you're off to the 24 20 24 74 level Is anything else I can thank you very much for your time. Appreciate it. You're welcome. You're welcome. Hey ron Thanks for calling. I have a great day. That was ron in denver Uh, so let's get to a couple of questions. What came in from the tiger's den Let me get to that here first so that I don't forget I believe that was to take a look at mcdonald's if I'm not mistaken So actually let me get mcdonald's charts up on our black background screens out here I think it was just to look at it. So mcdonald's right now Is trading below the bottom of its weekly profile above the top of its monthly profile That takes us to the daily time frame the daily time frame suggests that price should go target 248 49 the bottom of that daily profile now the swing point out here is from january 27th It did 5.2 million shares today so far you're pulling back with 995 Thousand shares so it's pulling back in that swing point on much lighter volume if it were to close above 252 46 your 252 39 today on that lighter volume You'd have a rejection of that swing point now that reject to the swing point says Okay, I go up and try to take out those sellers again We know this is a bearish structured profile and the sellers reside between 256 99 and 259 82 So that's what the daily time frame, which is really the one that's controlling I think what what price is doing at this stage here If we look at the uh, what the daily chart you've got a bar number eight that should form today now I apologize whoever asked for this in the den you will not get a td9 count unless tomorrow There is a close below 253 39 So you're not looking to get a whole lot of movement out here to in order to generate a bottoming pattern out there That doesn't mean that it's not going to even if does generate the bottoming pattern that it doesn't Run in resistance at 256 to 259 out there So that's what I see when I take a look at the daily chart for mcdonald's the weekly chart Doesn't help me out a whole lot the monthly chart You know just starting to trade below that oscillator and change line So how do we leave this here? You know, it's pulling back a new swing point if it closes inside that swing point it suggests 248 49 You might just have a consolidation oriented pattern that is set it up here for mcdonald's But it does not look like it's getting ready to bust out the lows It looks like it's getting ready to put in a short term bottom So I do hope that helps out whoever had requested that inside the tiger's den I don't think there's anything else on tiger's den. So let me get to the email request The first one coming in from uh, jt in new york jt wants to have another look at nordic american tankers He's a holder of this and is asking whether or not he should add to that position So we take a look at nordic american tankers. You've got the bullish Well, you've got what it it's you've got a wide-ranging bar today pretty decent volume But still right now jt price just consolidating with inside that daily profile And it's running that little descending trend line So what I asked would I would I suggest that you add to your position right here right now? The answer is no because price hasn't taken out resistance In fact, you would need two days above it But because it hasn't taken out maybe this will pull back So if you're going to add to your position then those levels might be 145 the bottom of the daily profile 154 the center of the profile. Let's look at the white background chart See if there's any other information the other information is 143 on the daily chart That's the oscillator and change line if price does close above that descending trend line And the top of this bear structured profile Then you'd be looking for run up to 184 now On the intraday charts out here. I've got a td9 count So there's not a lot of activity inside of nordic american tankers But you do have a topping pattern out here the td9 count and this suggests at least to pull back to the 155 oh, that's only four pennies So not looking like it would fall off if it price got below 155 jt Then you'd be looking at 147 I don't know if the intraday charts are going to help us out a ton because of the Volume or lack of volume inside this instrument So right now it's it really depends upon the close and uh, and whether or not, you know, so So to be really clear here, I think you'd be better off You're already in the position You'd be better off to wait to try to buy this on a Retracement, but even then if it closed below 159 today, you know what you've got Is just a consolidation basically between 159 and about 140 steve roge with tf and n We'll be right back. We'll go take a look at the smh's rocu Nvidia and of course i'd love to hear from you folks eight seven seven nine two seven six six four eight We'll be right back Are you having fun trading the markets? 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Let's go out to sarasota and speak with ray ray. Thanks for calling. Thanks for holding. How are you doing this afternoon? I'm doing well. I am thanks. Thanks. Thanks for asking and uh, We're going to take a look at uh, one of your favorite disc stocks, I suppose a ui yamana gold Tell me what you're doing. How I can best help you uh, I I have a Investment position in it. I I trade the stock also it's been in a consolidation For about seven months. I've sold my trading position, but I've got my core position And you get back up to that seven dollar level Uh, it was there about a year and a half ago Yeah, okay. So let's take a look at yamana gold see what's going on right now And I've got nice volume in it today 18 million shares as it takes out a daily swing point from august the fourth which had 16 million shares So you've got nice movement in it. I'm going to pull over the white background Well, you're trading above the top of the weekly profile. That's 466 462 Uh, you're above the daily profile So from a profile standpoint the next level of resistance next battleground area for yamana gold is going to be 510 Ray if it can clear 510 get through that then it's going to suggest to move up to 606 So I know you want to get to that seven dollar mark But right now those would be the longer term battles that you would be dealing with and that's coming from the monthly timeframe chart as I open up the white background charts today is going to form bar number eight of a td9 count That suggests and it's also wave number seven letter g That suggests that we could see a short term top form sometime between today and uh, Monday That's with regard to the td9 count if you get a lower high tomorrow That would confirm that seventh wave move But you know the the movement that we're seeing out here in the miners Ray what percentage do you think the movement is based upon what's going on in ukraine? Versus something else Oh, that's a hard call I I think it's uh, it is being impacted by that I would think that there's a potential that if if ukraine is no longer an issue we could see gold Uh drop maybe $50 an ounce maybe more Yes So I I'm with you. So we're kind of like in the potentially the hot potato Um version of this game out here So I don't know whether the now look the td9 count jamana gold Typically responds well to those td9 count. So for example here on this white background daily chart There was a td9 count high november 16th. There was a td9 count low december the second There was another td9 count out here On december 28th. That took price back to its breakout level So the td9 counts are something to be respected, but that high could form a bar's eight Bar nine that'd be tomorrow or on monday the bar following bar number nine So If it were not Relate, you know, ukraine oriented out here Then I'd be absolutely saying hey, you got to prepare at least for a short term Pull back and then maybe on that pullback you could get back in your trading position out here The monthly the weekly the weekly proof the the weekly charts look good Very positive with price trading above the top of the weekly profile But it's only thursday We need to see where it closes tomorrow and on a monthly time frame chart here We're up above the oscillator and change line something we haven't seen Since may of 2021 out there So that is suggesting on a monthly basis a close about 456 gets us to that 510 and above 510 606 is there is there something else that I can provide you with any information here anything that you're looking at To that I should investigate Well, I I think I was looking at the same things you were looking at so I Was contemplating selling some calls Against my core position Uh, I'm trying to figure out if that should be a strike price of six dollars or Or higher. So that's what I'm struggling with right now and To decide whether or not to sell the options and Hold this longer term or just just write it without the options So sure so let's let's Yeah, let's let's do this here too. Maybe just to try to assist both of us Which is just understanding what the mining equities are doing and that's really taking a look at the goldilocks So i'm going to just switch chart panels out here We're going to go to our eight panel set of charts multi time frame charts Just see if there's any other kind of cautionary signals out here And as we put these up on our screen, the only cautionary signal here Is from the five hour and the four hour time frame charts both of which are going to form bar number eight At uh 2 p.m. So another 25 minutes and then at the end of the day We'll have bar number nine for those But other than that, I don't see any kind of a topping signal um, you know and I guess neither of us Have the crystal ball to determine what's going to take place In ukraine, but it just seems doubtful that it's going to end today at four o'clock or something like that um, right, you know and so it just seems like It just seems like gold's going to continue to move higher And it's going to and actually gold if you take a look at what gold did here on the daily time frame Indigated the td9 count pattern that just formed a couple of days ago. Let me just pull this chart back just a bit So here was that td9 count that was on december on february the 15th And we just had a one day hiccup You know it was a little bit of a burp and this is a suggestion technically speaking and that's what you asked for This suggests a strong moment to move to the upside on the daily time frame for uh gold out here So it really does look like it wants to move higher Right. I appreciate it Well, uh, thank you. Uh, glad to be of a help and uh, best of luck and thanks so much for calling right Thank you. Have a good one. You you bet Um, so let's go to a couple of other requests out here Uh, i'm going to change screen. So give me a moment just to get this set up and go back to our black background screens out here And uh, let me get positioned Oh tom tom g wrote in so tom is trading the uh, the smh is both to the long and the short side out here And he says he's having a blast. So the smh's are are Really interesting when we take a look at them. So let me just do and what I mean by that is for example The swing point out here is december as january 28th volume. There is a 10.9 million shares a couple of days ago This is on the 14th on monday price pulls back with 7.7 million shares test and rejects that What does that say? That says you should move higher out here. You should add higher Well, what price did the very next day is it ran right up to the swing point the the swing by the swing point Oh, I to whoa this I have the wrong swing point out here. Give me a moment stevie. Give me a moment here. Sorry about that Apparently I wasn't paying attention Um, let me get the yellow line out here We'd like to be accurate when we share information with you And if we're not it's uh, definitely not intentional. That's for sure. So the swing point out here And I had the wrong volume metric 278 30 But the volume on that was 8.3 million shares and when price got into it This is uh, was 6.4 million shares on the 15th yesterday closed back in it with 5 million shares So, you know, typically get inside a swing point on lighter volume It can go test the high doesn't guarantee that it will but tom is back to the short side now tom The interesting thing is is that the swing point that formed on february 14th valentine's day 7.7 million shares that's been tested so far the high 270 66 your 271 your lighter volume or it appears that you'll be lighter volume I don't know that for sure till we see the end of the day again your benchmark of 7.8 million shares You're about 5 million shares right now. So it'll be close But if it's going to reject this price then it says you had to hire ground But look at those descending and rising trend lines out here You're moving into the get smart cone of silence So, you know, I think you got to pay attention to the short term time frame charts We get back from this break. I'll put one of those up on the screen for you. Steve roach with tfnn Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's 7 27 329 83 22 call us today The technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology That shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech today an investor should consider the investment objectives risks Charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus. Please contact direction shares at eight six six four seven six seven five two three The prospectus or 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 LLC 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 Good back folks. We're uh taking a deep deep dive into the smh is out here the semiconductor etf And this is a 10 minute time frame chart here that i've um that we've got up on our screen And the reason i chose a 10 minute time frame chart i was going through several intraday time frames looking for Which ones might be providing the best signals for tom out here? And you've got some nice roadsmen to indicator bottoms and tops titty nine counts out here And so the question that I had in my mind before I went to the black background charts Is this this setting up a small a to b equal cdt upside that might take price up to the 276 level out here I don't know the answer to that just yet, but when I uh, or we don't but when I put up my black background chart I can also see the price of trading right into a descending trend line So a level to be watching out here tom to the downside So it looks like right now price should find support right here now This is a 10 minute time frame chart if it doesn't price will go target the 270 level and below that Um, you know may get all the way back down into the swing point from uh Uh from a two o'clock on valentine's day out there But it just from the daily set of charts out here looks like this may become a little bit more difficult to trade um Just simply because we're dealing with that descending trend line that uh rising trend line And I don't know which one is going to uh, eventually get broken out here So I do hope that that helps you out with regard to smh's. Thanks much for taking the time to write in The next question coming in uh is from John and this is uh john uh near cool in cloudy green bay wisconsin Bless your heart. Um, what does cool mean in green bay? Uh, because cool could be uh 30 degrees. Maybe that would be cold But either way what uh, john wants to take a look at is uh, need to take on roku, please I went 50 shares. You just bought this morning at 150. So let's get roku up on our screen out here While we read the question our oku. It looks our oku is the ticker symbol It would be helpful. Oh man. Stevie's having a tough time spelling today. Let's try this again roku, uh Our oku. Oh, okay. We got it. So you purchase. So you purchase this at 150. It's trading right now 149 It's trading below A rising trend line It's trading into a swing point that has volume of 9.8 million shares. You're with it with 4.4 So this looks to me. So you you're potentially at support When I when I mean by that is the bottom of the daily profile is 149 67 you're 149 08 So you're potentially at support if it closes below that this week And the swing point that is dealing with was just from four weeks ago That had volume out here on the weekly base of 30 million. You're only in it to it with 15 million I mean theoretically roku should be able to hold this area 143 49 the bottom of that daily profile. Let's pull over the white background chart. So and your question was specifically was I sell them all through earnings tonight, but I really think this baby could pop tops died Nice high volume high from january 20th. So, uh, you know, we're looking what we're looking for here. Then is some kind of Some kind of tell and I don't have the tell what we do have Is we have a rogement to indicator bottom that formed on the 24th of january And basically since then it's been in a sideways consolidation Uh with the top of the consolidation being its td9 count breakdown level 179 68 Is this give me a clue as to what it wants to do or whether it wants to pop or not? Not not necessarily out there. So I you know, that's your instinct Um prices below the weekly red oscillator and change line Again, we talked about how it's testing the bottom of that price would need to close above 172 45 Maybe after earnings, that's what it does and that gets back to its merry bullish ways out here But that's not the signal as of 146 an hotel there The monthly chart says hey stevie I've got a td9 count top and I'd like to go test my breakout level of 100.19 So you bought it today is what you said you bought this morning playing that Um, uh playing that long pop out there Uh, I just don't have the signals to suggest that uh, that that's what the outcome is going to be That doesn't mean it's not what the outcome is going to be You're asking me for some kind of tell out here and other than the rosement to indicator bottom It's led to a consolidation. I just don't have anything else. So john. Thanks much for writing in glad that it's a cool out there in wisconsin and And best of luck to you in this trade lc writes in and l wants uh, I was able to buy some junior nugget Recently, do you see junior nugget testing 83 in the near term? So j n u g is the ticker symbol So let's go see what it is doing. Let me get that going on my My other chart as well So you've got the junior nugget taken on a swing point from back on the trading day of january 20th It did volume there of 1.2 million. You're at 1.1 already today. So that looks pretty good Um, you know in that it's but what you'd like to see is a close above the top of that swing point So you're looking today lc for a close above 6804 does that to close above 6804 today? Doesn't have to but you'd sure like to see that with the volume as it takes on that swing point If it doesn't this could be nothing more than a good old-fashioned consolidation out here Could be let's see what the uh Oh, it didn't uh, oh here it is junior nugget. So the junior nugget is going to also though not unusual So we looked at yamana gold The junior nugget is going to form bar number nine of a td9 count today So your specific question was do I see it testing 83 bucks? 82 20 will be its next daily target to the upside if price is able to close above that swing point from january 20th Of 6804 You've got the cautionary sign of a td9 count now It could be tomorrow's high that sets the hook for that top It may not set the hook for the top it may act like goldilocks did which was a td9 count top a one day burp And then a second day smorgasbord to the upside so it is it when we get to the mining equities I just posed the question to you lc that I had posed to ray Which is how much of this move is a result of what's going on over in ukraine versus something else Now that's something else that most people will think of is inflation or a falling us dollar something along those lines I harken to say That's a bunch of bs before steve shared with you other information What you really need to know what you really want to be paying attention to at least with regard to goldilocks You notice how is goldilocks trading in all the major currencies? Is it moving higher in all of the major currencies? Well, when we take like a gold price in dollars The answer is yes euros. Yes pounds. Yes, and yen. Yes. So you've got a good old rally that is out here I think that rally comes to an end if there is some type of positive outcome Over over in in ukraine. I don't see that positive outcome taking place this afternoon But anything could happen or tomorrow out there So, you know, I think you stay with the trade But you just have to be cautious be cautious means have some kind of stop in place Knowing that you're coming into a prior swing point even though with volume you've got the td9 count top out there So lc I do hope but that helps you and then of course you said if you have time could you also look at you've got two other requests out here and Uh, I can get to one of them for sure. Let's take a look at this is a pps Let's put that up on the screen and let's go see what this even is I'm just going to use the black background screens out here And uh, this is formed a brand new profile today And so your support and resistance levels Support is going to be at 44 37 resistance at 53 17 You have a new weekly profile that formed last week support is 3905 Resistance at 6702 you can see that descending trend line so far That's holding as resistance out there. That is digital Tribune Steve roge with tfnn will be right back 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 in 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 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? 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That's the oscillator and change line So right now that's printed at 46 53 So use that as a guideline if price able to hold that level then a key level of support will have held and Maybe this is going to go try to target the 63 77 level If it doesn't hold there then 44 37 is the area for you to watch that's coming from the daily time frame So I'll see I hope that helps you out with regard to those two instruments We have other requests that have come in michael p wants to take a look at nvidia So michael i'm not going to read the question out here Your well your question is do I see it breaking 200? So as we take a look at nvidia what it's done right now is this is pulled back to test that red oscillator and change line We're printing out at 245 the red oscillator and change line is 245 So I close below this area where we're at would then suggest That price should or could find support between 215 And 227 that is a bullish structured profile So your specific question is do I see it breaking 200? My answer at this stage of the game is I do not and right now prices at support. So watch uh, you know Continue to watch us throughout the day, but you've just got to pull back inside of nvidia to a level of support That's the oscillator and change line Next question cutting from hector and hector wants to take a look at the energy sector the xle And hector on a weekly basis what he's interested in so we just have a few seconds Let me get over to the weekly chart here for uh the energy sector and as we take a look at it Still looks good now weekly on a weekly basis depending on how the Week ends you do have a bear sash count right now that would confirm erosement to indicator top And that would suggest to pull back to 6510 or thereabouts. That's the green oscillator and change line So even if we get a weekly bearish reversal candle with price above the top of the weekly profile and it's oscillator and change line It's really a neutral signal now neutral signal that says hey prepare for retracement back to the 6510 level So I do hope that helps you out everybody. Thanks so much for writing in for the questions for being here tomorrow morning We're going to record this show from eight to nine So send me an email at steve at tfn.com, but certainly join us right and early have a terrific thursday folks We'll see on fantastic friday