 up today. The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. An 877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good afternoon and welcome to TFNN. Today is May the 4th. It is the magical 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. Hope everyone out there is having a great day. 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. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance 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're going to go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, we've got you covered there too. Let those fingers do the walking. You can send me an email, Steve at TFNN.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 on magical, magnificent, marvelous Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to last show. Right now we got the, most of the indices in the red. The Dow is off about 200 points. S&P is down 12. The Nasdaq is a strong dog out here up 25 points. She's trading out at 87.43. That's about a quarter of a percent to the upside. The Russell Law 15 points, a little over 1%. That's the trainees that are having the most difficult time. They're trading out at 79.08 down nearly 3%. Spot follow till next trade down to 37.72. That is still below the 50-day exponential moving average. Gold's up 12 bucks. Silver's down 8 pennies. Lights we crude is up 44 cents. Natural gas is having a nice day up nearly 10 cents out here. And Treasury bonds up 9.30 seconds. Lead the charge to the upside. It's Tesla, followed by Shopify. That's $32 and $28, respectively. Autozone is in the green zone of 26 bucks. Service now up 14. Regenerent pharmaceuticals up about 13. To the downside, it's booking holdings. That's off 27. Transdigim group down about 18. Blackrock 7. Google off 7 as well. So plenty to look at, but we have a number of requests out here. First thing, let's just go take a look at the markets. Let's just get our bearings on what's going on as we speak at 109 in the afternoon. So let's take a look at what do we know. We began, took a look at the 1 p.m. update. Let's just come back to the S&P 500. On the S&P 500, we'll go through several of the indices just so you can see what is transpiring as we speak right now, as well as what levels to be watching come the end of the day. And inside the S&P 500, the area you're going to want to watch is about 2808. The S&P closes below that, combined with the spot volatility is closing above the 50-day exponential moving average. What the S&P will do is it will really confirm its Gartley cell pattern out here. So here we can see the Gartley cell pattern. You've got an A to B equal CD to the upside. This was confirmed back on Thursday. We had a nice little bear sash candle follow-through on Friday, a gap to the downside. And now what's taking place today is a test of Stevie's green line. And because that's green, and what we did, you and I, we took a look at this a few days ago, well, probably on Friday, I can't say a few days ago, Thursday, Friday, we would have noticed that Stevie's line had changed colors. And when it changes colors, it tells us of an impending test of price and that level. Now, this went from red to green. And that's really important. What's really important is the test, believe it or not, because if there's a test and rejection, we already had the test. We've already seen the rejection, but this is a daily timeframe chart. So 110 doesn't mean a heck of a lot of beans out there. You know what I was going to say. It really matters where does price close. If this were the close right now, we have competing patterns. We have a bearish pattern, that's the Gartley cell, and we have a bullish pattern, which is that support is held. And it's really all about support. Now, what I'm going to do here is we're going to change from the S&P 500 quickly. And because, so here's what we know right now as of 1-11 in the afternoon, the S&P 500 has held a absolute key level of support. And that is Stevie's green line. Can sellers break the backs of support? That is the question that you and I are trying to answer. We already have one answer, at least as of 1-11. The answer there is no, they have not been able to do that, the sellers. Now, does that take away from my overall larger, bigger picture, bearish? No, it doesn't. We're taking a look at what are the equities or what are the indices doing as we speak right now, so I can give you the proper information so that you can prepare, understand, anticipate, and so forth. Now, another level of support that you and I can look at, key level of support out here, would be the bottom of those profiles. Now, the profile levels, both the top, the bottom and the center, tell us a lot about what price is doing with inside that range. The range would be the top and the bottom of its profile. So, let me just expand the S&P 500 or the ES Minis, what I should say. And out here, we take a look at the profiles. If you look at the bottom of the profile, that's 27.6680. Well, the S&P can trade to that level. So, really, it would be 27.66.75. Now, the low overnight was 27.71. So, it was four points, four and a half points, whatever, above hitting the bottom. We use these as guidelines. It doesn't have to hit it to the tick. Sometimes it does. Sometimes it doesn't. It doesn't matter. What you need to know is that support here is held. So, even though we've got cell patterns, both on the ES Mini, with regard to its currently cell, both in the S&P 500, we also have two levels of support that have held. Now, the profile that you and I are looking at inside the S&P 500, the ES Mini out here, let me go ahead and turn off price just so you can clearly see it. And you're going to be looking at the blue bars on the very right-hand side just as I turn the price levels off. What you're going to notice is that this is a bullish structured profile. It's bullish in structure because the centerline of 28.16 is closer in proximity to the bottom at 27.66 versus the top at 28.90. Now, the key here is going to be the 28.16 level. So what we know is that the sellers or the bears have not been able to bust the backs of buyers out here. But what buyers haven't been able to do, let's turn price on, is get price above the center of that profile. The center of that profile is where both buyers and sellers believe there's fair value out here. If buyers are going to be able to push price up to at least the top of the profile level, that's at 28.90, you need to see it close above 28.16. Now, 28.17 is not going to blow my skirt up, nor should it blow yours up either. But if you do see a decent close, let's call it 28, I don't know, 28.22? Room 222. Yeah, let's go with that out there. Then that's going to suggest you should anticipate a move to the 28.90. Now, it's not going to be easy to do for the buyers out here. Let's take a quick peek at that. Therefore, if they can really turn the tide, what tide? Steve, you just told me that two levels of support held. I did. What I haven't told you is that, or what I did tell you, I just haven't gotten to it yet, is it's still going to be a struggle for those buyers and why? Because as we speak right now, and this just took place within the last hour or so, we've seen a bearish crossover in market breadth. So as we speak right now, there's only 95 instruments in the S&P 500 trading above the top of their profile, and there's 129 trading below the bottom of their profile. This is why price has not been able to get itself, the ESMini, above the center of that profile out there. We're going to a break. We'll come back. We'll field some questions and keep looking at the patterns in the markets. Steve Rhodes with TFNM. We'll be right back. Your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS 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 TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNM.com today, and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? 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Just enter promo code open at checkout and pay nothing for 30 days while you try out your Tiger's Den membership as part of our open house. With market volatility at an all-time high and people all over the world working from home if possible, TFNM is hosting an open house in our Tiger's Den. The Tiger's Den is an interactive chat room that runs all day where other Tigers and Tigresses discuss trading ideas with the hosts and members, along with charts and current market news, as well as live access to the charts the hosts use during their programs. Join us for the Tiger's Den open house. Begin your Den membership today by just entering open at checkout and pay nothing while you try things out for 30 days. For all the details and to start your Den membership today, visit the front page of TFNM.com. Don't miss out on the TFNM Tiger's Den open house taking place now. Sign up today. Folks, that was off 250 S&P down 20, a number of questions that have come in. So let's get to those and if we've got time, we'll go back to the general markets. The first question coming in here from Craig E. And Craig writes, and he says, sugar cane. C-A-N-E is the ticker symbol. So let's go punch this up on our screen out here. C-A-N-E. It's one of the ETFs. I'd be about to say, yeah, that's the tecrium, if that's how you pronounce it properly, ETF for sugar out here. So Craig says, presently long, next two to three week horizon, would you ID support to add to a position, ultimately, resistance for unwinding? So here's the deal. Here is your cane ETF out here. But the problem here, Craig, is I wouldn't use this chart or the set of charts out here to be making my decisions. And the reason that I wouldn't is because I would need to understand what are the futures contracts that are contained inside of ticker symbol C-A-N-E and what if it's more than one futures contract, what are those percentages? And then you really, in order to truly understand cane out here, you have to ignore this chart and you have to look at what's going on inside those futures charts. But I will give you the information that you needed, even though I'm sharing with you, it's absolutely useless. But I still want to give it to you. The top of the profile on a daily basis, 555. The bottom is 527. The center is 541. So it's trading with inside its profile. I don't know if that means anything quite frankly. I know what it means on an individual stock, but with regard to, and this is certainly an individual ETF. But again, we've got to get back to, and I'll take a quick peek and see what, in fact, actually, I pulled it up here during the break. And so let me just, I'll go to it in a moment. On a weekly level, because you were talking maybe two to three weeks, the bottom of its profile is 543. The center is 566. So it's a bearish profile. This says trading below. The bottom of that profile is not good. Not good to be long intermediate term, as you're suggesting here. The top of that profile would be 612. So here's what, let me pull this back up. And let me come back over here to Kane. And oops, shoot. And what I can share with you, and you may already know this, Craig. So you probably do. But for the other folks that are listening and are thinking, hey, maybe I'll take Craig's position. Here's what is inside, as of May 1st. So this is as of the close on Friday, inside of Kane. There's about 2.6 million worth of October futures contracts. In fact, let me just move over to the futures contracts for sugar out here. So here are the forward futures contracts. So you've got July 2020, you've got October, you've got March, you've got May, July. Now we're, and I'm getting into 2021 out here, you can see 2022. So you can see what sugar is selling for for delivery for each of those monthly contracts. So right now, Kane is split up almost all, well, like you have 2.6 million in October contracts, you've got 2.3 million in March contracts, and you have 2.6 million in, and I'm talking March 2021, and March of 2022. So that is what it is that you've got to be able to manage, Craig, in order to be able to have any kind of visibility as to what's really going on inside of Kane out there, and I can't do that. Unfortunately, it would take me the entire show to really do this properly out there. So that's what you would need to do. I hope you have access to those futures contracts. I would say like this, if you don't, then get out, because you've got to be able to understand what's going on in the underlying instruments out here. And if I take a look at, well, it doesn't even make sense to look at July contract, that is the actively traded contract out here. And you might have thought that that was the case. Instead, we've got to go take a look at October 2020, because that's the one that's in here. And right now, price is pulling back into a trend line. The top of that profile out there is 1053. And if you see the October sugar futures contract get below 2053, pretty good chance that's going to run down to the 1002 area. So Craig, I hope that helps you out with regard to Kane. If you weren't aware of the different futures contracts that were inside there, then I know that that was a big help out there. So let's go to our next question. The next question coming in from Ian, Ian Miller. No, I'm just kidding. It's not Ian Miller out there. That just take me back to my good old, what is it, the Greek wedding? What's the name of that movie out there? My big fat Greek wedding? But DHT, let's just stay on track here, Steve. Ian wants to take a look. He's got a position in DHT in at about 675. He's trading out at 729. And Ian is asking, it's coming out with earnings tomorrow. Do you have a target on a daily basis and a good location for a stop? So great location for a stop. In this case here is always going to be, or I'd say, is going to be to the extent that you want to stay in this for a longer period of time out here. Your stop should always be some expansion of its average true range. Now, I like to use the last two weeks worth of trading. And the average true range for the last 10 days is 63 cents. Yeah, 63. So your stop should be 63 times. I like to use a Fibonacci expansion. That would be 1.272 or 1.618 out there. And then your stop would be somewhere between, so that would be your stop levels. I'm not going to do the calculations you've got. I've given you the numbers. You can do the calculations yourself. Now, here's the problem that you have being long DHT holdings, at least from a daily standpoint in earnings coming out tomorrow. And that was really back on, looks like maybe Tuesday of last week, April 29th, you had a wide-ranging bar with accelerating volume to a certain extent, with accelerating volume crashing below a bullish structure daily profile. So from a daily message, it's telling you, hey, I may have a change in trend here, or at least I want to trade lower. And we're going to go try to figure that out out here. Now, trade lower to where? If we just take a look at where's the next support level inside the profiles out here, we'd have to go to the weekly. And on the weekly, this says pulling down to 629. You're in a 675. You wouldn't like that out there, right? So at least I wouldn't think that you would like that or appreciate it. But that is what the task market profiles are communicating to you and I. And what we also know is that on a monthly basis, price was unable to bust out the highs last month. That was at 808. If you can't bust them out, maybe you try to bust them down. So all of that out here is painting a picture, Ian, that price wants to move lower. Now, let's go take a look at the daily timeframe out here. Again, this is DHT. We can see that this formed a TD9 count top out here. And now it's going to be, it looks like perhaps in bar number seven of a TD9 count to the downside. We don't know whether that's going to form the TD9 count that is, because it's only day seven and you need to see that you've got at least two more days. So the earliest that we'd really know would be Wednesday, Wednesday, Thursday out here. But price could, it says, is coming out with earnings. If you're asking me where support is at or DHT on a daily basis would find support. It would be all the way down at $5.51. There's nothing bullish about the chart pattern that you and I are looking at on a daily basis. Excuse me, got a piece of dust. Nothing like a breathing in a little air and then getting a little dust ball or something in any event out here. Now, look, I can't control what the markets are going to do next. But what you and I can do is we can take a look at what the markets are communicating, the message of the markets out here, that's very clear to us and understand we're a support and resistance. By the way, resistance right now is Stevie's green line at 773. On a weekly basis out here, what do we see? I don't see much. I don't, I see support at about 693 out here. But I'd be careful. I would be careful at this stage inside of DHT. If you had a nice profit, maybe it makes sense to go ahead and bag that before earnings. Steve Rhodes with TFNM, we'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. 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Get your copy of The Art of Timing the Trade Charts today by visiting TFNM.com. Just click the thinkorswim banner on the front page of TFNM.com. On 220, S&P off 16, NASDAQ up 16 points. Let's go to our next question, this one coming in from Hector and Patty, the fuel injector is out there. Hector goes on to say, hey, happy marvelous Monday. Thank you. I realize that the Semiconductor Index is in a gertly sell pattern. However, if fund buying does materialize for a few days, where can we see the socks completely topping in? Petering out by Thursday, Friday of this week. So great question. Let's go take a look at the Semiconductor Index. Let's go take a look at first the gertly sell pattern that Hector has identified. Now, you've got really two topping signals here inside of the Semiconductors. Number one, you've got the wave number seven, that's letter G. So those of you that are familiar with the Chapman wave, I primarily focus on wave number seven letter G. That's where you can see a change in trend. Now, at the same time that that was happening, the very next trading session, what we saw was a bear sash candle and that confirmed that gertly sell pattern. That was on Thursday. And then on Friday, we saw a gap to the downside. Now, in this case here, unlike what we just looked at earlier in the opening segment inside the S&P 500, you will see that its oscillator and change line changed from red to green, but on Friday, price gap down below that Hector and it closed below that level. So that was the area that should have acted as support. Will old support become new resistance? I don't know, but if you're asking me where is the key level of resistance on the move higher, I would say at this stage here have to be Stevie's green line. At 1674, that's about 40 points different from where it's trading right now. It could do that in a heartbeat out here. Right now with the Semiconductor Index looks like it's communicating to you is that price wants to trade down to its breakout level. That is 1508.74. That is in the Semiconductor Index. So the potential bounce, should we see one inside the Semi 1674 would be the level that I would be looking at first. Other than that, it would be somewhere inside the gap, either the higher Friday or the lower Thursday. That would be your next areas out there. So Patty and Hector, thanks for the question. And you guys have a marvelous, a magical, a magnificent Monday. Let's go to our next question out here. This one coming in from Bill and Bill wants to take a look at ticker symbol KR that is Kroger out here. So he wants to go to the grocery store. I say go in without a mask and gloves. I say cough and breathe everywhere out there. Yeah, that's what we should do. Let's get everybody to take their masks off for good and sakes out here. All right, enough of that out there. But let's go take a look at what Bill is looking for, which is your long Kroger. What would be the target inside of Kroger? So here's what we know about Kroger right now as we take a look at how it's trading in relationship to its profiles. You're with the inside the daily profiles out there. So you've got resistance at 3263 that happened to be where price found resistance today. Now it's a slightly bearish structured profile that's centerline a little bit closer to the top than it is to the bottom out here. But right now Kroger's just trading inside a consolidation area 3263 at the high, 3080 at the low out here. If price can break above 3263, not break, but close above 3263, then you're looking at the next resistance area as 3385. That's what we see when we take a look at Kroger. Now let's bring over Stevie's other charts on the monthly basis prices above resistance there. So nothing for us to hang our hat on. Now when this did form inside Kroger, it happened to also be on wave number seven. That was letter G. That was on March the 20th. Since then, price is just simply move sideways. It's in between. There's nothing else here on the daily timeframe. Other than a move below 2787 would get you to 2706. Oh, that's the monthly timeframe. My apology. That's a monthly timeframe that we're looking at out here. What we can see is that last weekend, this week, prices pulled back, tested the weekly Stevie Green Line at 3189. So that still is bullish, although resistance at that 3385. Let me switch back to the daily timeframe. See what we have over here pattern wise. What do we have to hang our hats on? You know, when price pulled back, here's a beautiful thing as Kroger was pulling back, not that this was what Bill was asking about, but look at this. When price pulled back back on March 26, right back to that breakout level of 2736, you have to love, you don't have to. I love, and you should love them too, these objective levels of support and resistance out there. They're just simply a phenomenal tool. You should learn how to use it. You know, sign up for mastering probability. There's a workshop on here. It gives you all the details. It's in the archive section and you will be happy. You will be happy. I don't have any additional information I can see in looking at the daily timeframe chart out here. You're long. I don't know where you're long from, but you now know at least where the resistance levels are. See if I've got anything else. Put up the monthly timeframe chart. You know, monthly looks pretty good in that price above 3040. And that was its breakdown there. And so you had to close above that last week, suggesting that price should continue to move higher, but you've got to deal with the resistance levels by that daily and that weekly timeframe. So this is not Mr. Bill. No, we've got a Mr. Bill in the den. This is from Bill and that is Kroger. Our next question coming in from Alex, and Alex writes, and hey Alex, how you doing? Alex writes in and he says, hey Steve, has Alibaba, B-A-B-A, made a near term bottom? So let's go take a look at Alibaba, again ticker symbol there, B-A-B-A. Let's take a look at what it's doing in relationship to well, has it made its bottom out here? So from a market profile standpoint, the answer would be no. The reason that we would say no is because on Friday price gap down below support on a daily basis, that was 202.48 out there. You've got another day below that level day number two, suggesting that price moves lower. So from a profile perspective in the monthly or the weekly profile is bearish in structure and prices below the center of that box 208.85. This is suggesting to you that its next target is 18106. 177.78 is the top of the monthly profile. So that really is the range of where price is very likely headed to. Now let's pull over the other chart, my other chart tools out here for Alibaba, see what we see out here. And on this chart what we're seeing is price today is trading below its breakout level. So this formed a TD9 count top. It did on the bar following bar number nine that was on April the 21st out there. That set up this breakout level of 192.70. And today with price trading below that, again, if it holds 192.70 at the end of the day, different picture out here. But right now that's not the case. And this is suggesting to us that price wants to move lower as well. Let me put up, that was a daily timeframe. Let me put up the weekly timeframe. Let me populate this out here, see what we see. Nothing new here, 160.812 if price doesn't hold 18106 area. And on the monthly timeframe, yeah, I don't have anything else. But to answer your question, has this made a near term bottom? Stevie's answer is going to have to be no. I don't see any pattern out here to suggest that. And I would just simply be watching that 181-ish type area for the next potential bottoming signal. You'd want to see some type of bottoming pattern on the daily timeframe to match up with that weekly bottom of its market profile out there. So Alex, good to hear from you. Thanks for writing in. I hope that that helps you out. So there are some more questions, but we've got about 30 seconds out here. Let's go take a look at the other areas and numbers you're going to want to watch during the day. Let's take a look at the Dow Jones Industrial Lab. It's right now, prices, testing, Stevie's Green Line has got a Gartley cell. 23446 is the approximate number. That's the exact number right now. That'll change throughout the day. But still in the Dow, you've got a nice Gartley cell pattern, but price has not been able to bust through support. Don't get caught up into the numbers. Instead, know your P's and Q's. Actually know your S's and R's, not your Steve Rhodes' but your support and resistance levels. And if you know that, you'll be able to interpret the message of the markets. Right now, the Dow holding key support. Hope you're right back. If you're 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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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Wayne writes in, he says, Thoughts on Shop. So let's go pull that as Shopify, I believe. SHOP is the ticker. Okay, we've already got that up here, so you can take a look. Let me finish reading the question out here. Wayne goes on to say, earnings are on the seventh, potential up or down range and direction of the likely move out here. Wayne from Dallas. So Wayne, right now price is stuck in between its daily and weekly profile. So here's what you know, you've got resistance at 650-307 and support at 589-70. Shopify is trading above its weekly and its monthly profiles. So it says it's above resistance for those time frames out here. I don't see anything at this stage to suggest that it has topped at least on those time frames, but I could be wrong. We've got to go see what patterns are going on out there. So let's pull over Shopify, take a look at it, see if there's any kind of clue that it's trying to provide to you and I. Let's begin by taking a look at the daily time frame out here. Let me populate this with all my tools and what do we have? What do we have? You've got a TD9 count top, but price has been unable to bust support. Now, what do I mean by bust support? How can you say that so quickly, Steve? I thought you said price was trading in between support and resistance on its daily time frame. Don't you love how I just talk to myself? Somebody's got to talk to me. Well, that is true. That is a true statement. It is trading between support and resistance of its market profiles, $589.70 at the bottom, $650.307 at the top. But what price did today as an example here, Wayne, is price came down and tested Steve's green line. So it's still bullish with resistance up at the $650.307 level. It's got the TD9 count top. So like many of the patterns that we're looking in the market, we've got clear topping signals, but what sellers have been unable to do thus far is bust out key levels of support. And Shopify is no different. It looks similar, but not the same, but similar to the Dow and the S&P. And that's got a clear topping pattern out here, but has not been able to bust through support. So I would have to say, Wayne, that's a bullish message, but it's almost more neutral. It's as if it's also waiting to see how is the market going to respond to earnings. It's got a top in price is not above that, and yet price is above support as well. So I don't really see any kind of clear signal where this will trade to on the daily timeframe. Now I take that back on the monthly, there was last week was a roadmap indicator signal. It was a dark cloud cover out here as prices moving higher, doing less relative energy. But the dark cloud cover is like me telling you, if you lived in Florida, that it might rain, that there's a 10% chance of, what's the difference between a 10% chance of rain and an 80% chance of rain in Florida? Not much, quite frankly, really not much. Even when the weather forecasters use their super Doppler radar out there, they're not as good as Stevie's super Doppler out here, things can get busted up pretty quickly. That's the beauty of living on a peninsula like this. So back to the weekly timeframe chart and answering your question, Wayne, yeah, there's an indication that it wants the top, but until price is able to get through at least the level of support, first level would be 546, and change out there still remains a bullish from my standpoint. And on a monthly basis, I don't see any kind of a topping signal. So the daily is just neutral at this stage and maybe waiting to see how the market will respond out there. I don't have a clear signal as to which way wants to move it is more bullish than it is bearish. And I think we covered that. Let's go to the next question that came in here. And that is coming from Eddie. Eddie says, Steve, could the market hold up with the positive notion that we are reopening the country? Can you look at team and Nvidia? Hey, it could. It absolutely could out there, Eddie. But that means in order to say that it could, what the market will have to do is defy history, defy history of the last several hundred years out there. But at least for the last 130 years out there is what the market would have to defy. I don't know if any of you got a chance to, I mean, I don't know what it's like in your neck of the woods. In my neck of the woods, even though I'm in Florida and there are certain parts that are open and I saw that Clearwater Beach out there, we're not open down here in Palm Beach County. We're still basically locked up. So there's not a whole lot to do. There's nothing that's really open, even if you wanted to go out, so to speak. And so, you know, there's nothing better to do on Saturday night than watch four hours of Warren Buffett taking questions. I think it was probably about two or three hours. Actually, I found it fascinating. I absolutely found it fascinating. So I don't know if you got a chance to see it. I don't know if they played it enough, but it was easy enough to watch on my porch as I was watching the boats go by and watch Warren try to answer some questions, many questions. And boy, he really, what I might take away from it, there's several, several takeaways. He spent the first hour or so, and you could see the fear. I could see the fear. I felt the fear coming from him. And he was doing everything he could, I felt, to try to not crash the market. Truly. That was the impression that I got from him. And then, of course, his actions out there. And he's going to take advantage of a buying opportunity. And he indicated to us, for how many of reasons you want to take a look at it out here, Eddie, is he didn't see a buying opportunity. That's because he, that is because, well, what's his other name, Charlie, out there, they know fundamentally how markets will form bottoms. And they know that every major market bottom is formed with GDP bottoming. And if you listen to Warren, he was basically saying, yeah, I don't see it. Could happen. Will happen eventually. US is a great place. But not with my money, is in essence what he was saying, at least what I saw. And with regard to Charlie Munger out there, I think more likely than not, because Charlie at 96 doesn't have much of a filter, nor does he really need one. Somebody would ask Charlie a question he would have given the honest answer. And that would have scared the bejesus out of probably everybody out there in the market would be crashing. So is it possible? Yeah, it'll have to defy odds that are, you know, so I'm just speaking to you and I'm answering your question here, Eddie. And I'm doing it factually from a chart pattern standpoint out there. And I think that what you and I had looked at a month ago, or six weeks ago, five, six weeks ago, when all these started unfolding out there is exactly what they also are looking at. But boy, Warren really does have a great grasp of his businesses out there. And was really able to answer, you know, when they start taking like a capital allocation. And I know for many people, those conversations could easily go over the head of folks out there. But like I may beam counter. Yeah, I love numbers. As my good friend John has told me says, when it comes to this stock stuff, he calls me a geek. But he does it in a very affectionate way out there. I love it. Because this is this is the stuff that I do enjoy and I love. And if you're at all numbers guy, you'll go listen to it. It was on Yahoo. They've got it's got to be recording of it somewhere out there. And I really thought it was fascinating all the way up to the last question out there. And the questions were good. I mean, he started talking, talked about, you know, hey, once once he goes and whoever it is that takes over, what's going to stop somebody from coming in and trying to break up Berkshire Hathaway. In other words, parts are maybe greater than the sum out there. And he had an immediate grasp of that. Now I realize that he's also pushing his own book in his game out there, but but still very, very clear articulate answers. So Eddie, sorry about that. We come back to this break. I'll give you your answer on team or Nvidia out there. I'll see which one has the better patterns for you. This is Steve Rhodes with TFNN. Be right. update for his subscribers along with weekend and evening updates when warranted. The opening call provides traders a daily market overview with regard to the direction of the key indices, selective stocks and commodities, along with specific recommendations, including stops and targets. You also gain instant access to Basil's subscriber webinar archive from earlier this year, a dark cloud cover and essential market analysis. Ride the Chapman wave today by signing up for the opening call newsletter on the front page of TFNN dot com under the newsletter tab. New subscribers get a 30 day money back guarantee so you have nothing to risk sign up today. All market has taken off top side in a large way in 2020. If you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report took profits in four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th. 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Eddie, when I take a look at team, prices above the top of its weekly profile, 156.12, it closes above that bullish breakout. You've got a brand new profile that formed here in May. Prices above that, that's a bullish message. There's an A to B equal CD to the downside at a minimum that is in play out here. It didn't confirm it, meaning volume didn't exceed the swing point when it passed it on March 25th, which had 2.7 million shares. Nonetheless, there's an A to B equal CD to the upside. The first, the one to one level is 166. The one to 1.2 is 177. So team is really above all resistance levels out here that I can see and all looks pretty good there. Now back to the markets and what to be watching come the end of the trading session out here. If we take a look at market breadth, the advanced decline oscillator is basically sitting on its zero line out here. So still really in the hands of the bulls. If we take a look at the spot volatility index, price below the 50-day exponential moving average, that's at 40.80. That says price is still in the hands of the bulls. We look at the S&P and the Dow already. Let's go take a look at the NDX100 and the NDX100. Prices above Stevie's green line out here. Again, nice Gartley sell pattern. That took place on Friday with its three river evening star pattern out here, but price is still above Stevie's green line. That doesn't mean that it doesn't have some problems out here. When I say problems, it's market breadth in the NDX100 just like the S&P has done a daily basis. It's market breadth bearish. I right now had a bearish crossover. Let's take a look at the top holdings inside of the NDX. You've got Microsoft. Is there anything bullish out here? Look, you've got the Gartley sell price above Stevie's green line. That is bullish, not bearish out here. So kind of neutral right in between support and resistance, maybe not right to you, but right for me. If we go take a look at Apple, Apple's got a Gartley sell pattern, the shooting star from Friday, but this shooting star is not having any follow through to the downside. Price above its green line out there. Again, more neutral or bullish. It is not bearish even though it has a bearish pattern. We take a look at Amazon. Amazon's got a nice little Gartley sell. Roads went into a butterfly sell. Roads meant to be indicated, but price here has not busted support and that's $22.39. Those are your top three holdings inside the NDX100. Folks, stay tuned. Your favorite polar bear, David, whites up next after that. Tom O'Brien to take us on home and I'll look forward to seeing you on Cinco de Mayo. We'll have a Corona. We'll have a Corona. We'll drink when live on the air. Take care, folks.