 The Trader's Edge with Steve Rhodes. Call 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, well, yeah, this is the February 22nd, the terrific Tuesday 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. Yeah, 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 do not make that one little two by four shift. Well, it means we can find the gift. In every set of circumstances, life is gonna toss at us. Now today, you and I, we're gonna go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. More important than that though. And that's this, during this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648 if you can't dial in. We've got you covered there too. Let those fingers do the walking. Go ahead, send me an email. Send it to Steve at tfn.com and inside the subject that if you would be kind enough to put radio show question, of course, in our Tigers, well, any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to less show right now. We got all the U.S. and C's trading to the downside, 4.59, one to three tenths percent. S&P 48, one to one tenths percent. NASDAQ 181, one to three tenths percent. Russell just over one percent or 22 points. The semis are off one and a quarter percent, 42 points. Trend is off one and three tenths, nearly 200 points. New York Stock Exchange is off 1.70. You got the spot politics well above its 50 day exponents moving average, trading out at $30.17. The XAU is off just slightly, gold's up seven bucks, silver 30 cents to the upside, lights be crude. 232, natural gas up 14 pennies and a 30 year treasury is up eight ticks. She's trading out at 1.5309. Lead the charge dollar wise to the upside. You've got Meritor, Inc. up 11 bucks, 45 percent. Dexcom up nine or two and a half percent. Boston Beer up nine, two and a half percent. Shockwave Medical, about 10 bucks, nine and 50, up six and a half percent. Or Roku up nine dollars. That's up about two and a half percent. Where did Roku both jump all the way up to the leader? Second leader out there in the on-deck circle. So the downside is booking holdings. $91, three and a half percent. Amazon 51 to 1.6, 10th percent. Mercado, Libet, 51 bucks, 5 percent. Tesla's off 46, that's over 5 percent chipotle. 40 bucks, that's two and 6, 10th percent. Of course, I want to look at what you want to look at. No requests, well, we do have one request so far. We'll do, we'll save that for the next segment out there. And that was from Tom, once they look at ticker symbol LTCN, in case any of you want to do the work on that before we get to that chart. But let's go take a spin and see what the markets are communicating to you and I at this moment. So let's begin with, let's do this. Let's begin with things that people can easily do at home. So here's an easy chart to have set up. You should have set up. It's the four, it's four index ETFs, the spies in the upper left, the Qs the upper right, the Dow Diamonds lower left, the IWM the lower right. So what do we know? We know that in the case of the spies, the Qs and the Dow Diamonds are all trading into their January 24th swing point. Now the swing point for the Russell 2000 is actually January 28th and price is still above that. Above that means it's above 195, 31. Now prices pulled back into the spies, likely gonna test the bottom but still not a guarantee that spy number would be 420, 76. You're pulling back on light volume. So far today, the volume is 51 million shares. That's going into 252 million shares. So a test and rejection of that level would be a buy signal. I'm not saying buy that signal. I'm saying that would be a buy signal. We don't have that as we speak just yet. The Qs may be the first one down there to test out that low. That low is 334, 315. It did 200 million shares on that day. Today so far we had 42 million shares. If we look at the Dow Diamonds trading down into that same swing point, the low of that would be 331, 35. Volume so far today, 4.2 million shares versus 29 million shares from January 24th. So the theme here is there is a theme as price pushing lower with lighter volume. Even the IWM, which has not made it down to its swing point, which is the January 28th level, the high of that is 195, 31. The volume on that day was 65 million. You're at 15 million as we speak today. So what it's signaling to us is that there shouldn't be, doesn't mean that it can't close below. But right now we don't see the volume to take out those lows, at least not at 111 in the afternoon. There's nothing that's been tested when we take a look at the index ETFs. We'll see something different when we look at the equity futures charts out there. But with regard to the index ETFs out here, there's been nothing that's tested. If we take a look at the sectors with inside the S&P 500, as well as the spy itself, we don't need to do that. We can take a look at the number one sector, weighted sector that is, and that's the technology sector. He or she is pushing it at January 24th swing point. Volume today is eight million shares. That swing has 33 million shares. The healthcare sector, XLV, pushing into that swing point, not all the way down there yet. Volume today, 6.6 million versus 37 million. The XLY, the XY is trading below. It's not trading below, it's trading into that January 24th swing point. That did 15 million shares. You're at 6.8 today. That's probably the closest that we've seen so far from a volume standpoint. That's coming from the consumer discretionary sector. The XLF, nowhere near the bottom of it, nor even the high of the January 24th low out there. That high, by the way, is 38.39. The low so far today is 38.81. So no test in that realm. The XLC, that's the sector that's got Facebook in it. Facebook is just trashed, trashed. It's trading below last year's low. That is as bearish as you can get on a stock out here. In the case of the XLC, it has taken out, with light volume, it has taken out that low from the January 24th session. So what did I just say there? I said those lows can't be taken out with light volume. You know, you need a test and a rejection out here. We don't have that, certainly in the XLC, but I'm just really referring back to the other sectors that we would just take a look at, each coming now with lighter volume. The consumer staples sector, back inside that January 24th swing point, that did volume of 25 million. You're only at 9.9 million shares. Again, light in the loafers. The energy sector, although pulling back, it's just pulling back to test the support of the bottom of its daily profile, which is at 66.73. You're at 66.97 right now. If we take a look at the real estate sector, it too, like the XLC, trading below the January 24th swing point. Now, a much lighter volume, 3.1 million shares versus 6.4. You trade below it, you can still head lower. The utility sector also testing out at swing point, which did volume of 24 million shares. You're testing as we speak right now with 7.6. And finally, the material sector, the XLB trading inside that swing point, January 24th, much lighter volume. We've done volume today of 5.8 million shares versus 21. So if we're looking for volume to give us a signal, that price is going to take out those lows, crush them, generate some types of confirmed A to B equal CD to the downside. We're not seeing it in any of the sectors with inside the S&P 500. We're not seeing it inside the spies. We're not seeing inside the Q's. We're not seeing inside the diamonds. Really, we're not seeing inside the IWM either. So we get back to this breakout here. Well, we've got a caller on the line. It's one of our early birds when we do the show at 8 o'clock. And that is Brent in Martinez, California. So we get back from this break. We're going to get Brent online and answer any question that he has about the market. Steve Rhodes with TF&M. We'll be right. 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 TF&M, all our newsletters come with a 30-day money-back guarantee. So you have absolutely nothing to worry about. 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You got the towel down 500 SNPs off 50. Let's go out to Martinez, California and speak with Brent. Hey, Brent, thanks for calling. Thanks for holding. How are you today? How was your weekend? I'm doing great, Steve. I had a real nice weekend. How was yours? It was really nice. Just enjoyed it in the weather down here. One of my favorite times of the year, I think, is nice, cool evenings. And I had cool, you know, for us to send the low 70s out there, but just beautiful out here. So thanks for asking. And you wanted to talk about the markets in general, per se, so tell me how I can best help you. What is it you'd like to discuss? I was hoping you could bring back up that, the first one you're looking at, the four panel that had the spy, the diamonds, the triple keys, and then the Russell. Absolutely. And it just seemed to me, if you looked at least the diamonds, the spy, and the triple keys, there was, in addition to what you're looking at, there seemed to be a A-B equal CD pattern that was, you know, in progress there. And I just wondered if you could project that out and see where that would tie into those levels that you were looking at. So you're referring to a smaller A-B equal CD. Is that correct? The one that, in essence, would start in the spies from February 9th? Is that what you're looking at? Yeah, it's the smaller one you can see on there that is pretty obvious on the, you know, more the right-hand side of the chart. Yeah, that's what it is. So here's the A-B equal CD that Brent's referring to. The one-to-one level on that would take us down into the 425-51 area and the 1-1.272, when it gets down to 419-38. Is that what you're looking at? Yeah, uh-huh. Okay, perfect. So if you just look at just simply our typical volume perspective, the 14th, which would be the B-point of that pattern 23 million shares, you close below with 132 on Friday. So there's your confirmed A-B equal CD to the downside. So those would be two of the price projection areas. Obviously, there would be a third to fourth because folks with the A-B equal CD pattern, we wait for a bullish reversal candle to confirm when the pattern has completed out there. But those are your projection areas and I've lifted the chart up just a tad so that you can see the other areas, which would be the 1.618 at the 411 and then 402 at the two level. Any questions about the spot? Do you want me to do that for any of the other ETFs or each of the other ETFs? Yeah, if you don't mind. Yeah, the diamonds and the triple Qs would be great. See, I think it'll be something quite like that. Yeah, so the case of the Qs out here, then I'll just use the conservative A-B equal CD pattern out here. So what I would be doing, folks, I'd be using the high from February 9th. And if you had home, you wanna use the high from February 2nd, that's okay too. There's nothing wrong with that. So here's the A-B equal CD. Now, in this case, the one-to-one takes us well below the January 24th low. When I say well below 334.15, oh, I take that back. That's interesting. So 334.15, Brent, is the low. 334.17 would be the one-to-one A-B equal CD pattern. 327, 94, the 1.272, the 1.618 would get us the 320 and the two level, the one-to-two would get us the 311.25. So any questions about that A-B equal CD run? Yeah, I just think that's interesting and we don't know if it'll stop at a one-to-one, but there is that potential where that'll be those key things converging and we'd have to see some kind of a bullish reversal, of course, to kind of see some kind of a change in that pattern. But it's interesting that that's what I wanted to see that projection. Perfect. So let me, I don't know where my A-B equal CD tool went for the Dow diamonds, but I'm gonna get that back here momentarily. If you give me a second, you should be able to find it pretty quickly and we'll draw that A-B equal CD pattern in. And yeah, you know, the only reason that we would, so yes, we'd like to see that daily reversal signal. The only way to get a quicker jump on that would be to see some kind of turn on an intraday timeframe chart. For there, we would really look to the equity futures. In the case of the Dow diamonds, it is at the one-to-one level right now. Now one-to-one level gives us a 335.85 or 335.94. The 1.272 gets you down towards the bottom of that January 24th swing point. The January 24th swing point is 331.35, the one-to-one point 2.72, 331.80. So yes, good point here, Brent, to picking up those A-B equal CD patterns that could identify your signal to us, say A-bottom out there. In the case of the Russell 2000, I just expand this out and just finish this thing off. It's A-B equal CD pattern would look like this. The A point out here would be on the trading day of February 10th. The B point is low on February 14th. The C point is retracement up into February 16th. And price is already at the one-to-one level. The next area would be 1.272. And that would be a 194.79. And 195.31 is the top of its profile, the top of its high, which is the swing point from January 28th in 2022 out there. So yes, those are the A-B equal CD patterns that we're taking a look at. What's next, Steve? Yeah, that was really helpful. I'm just gonna, it's just something else to be watching potentially. And again, we have to see some kind of a reversal to give us some hope that that is played out and we're gonna get a turn. If not, if it blows through all those levels, then it's got more to go, it looks like. Yeah, so if I was gonna, your instinct, just an instinctive question, do you think that what's going on in Russia and Ukraine is just a kind of, I may refer to it as a geopolitical event, or is it something that you think that the US could get dragged into some type of, some type of military war of some sort? Oh, for me personally, I'd rather they protect our own border. Yeah, yes. I think that's, you know, that's a little more relevant to me. You know, we need to take over our own country first. We don't need to be getting involved in something that's, you know, way out of our area of needing to deal with, but that's just me personally. No, and so I'm asking, and the reason the question actually, I should have posed it a little bit better, is the outcome in the markets would be two completely different things if it is a, if this is nothing more than just some type of geopolitical event, which would basically mean the US is not too involved in it, or is this some type of something else? Something along the lines of a, you know, what do you think it might, is more likely to turn into? Yeah, but do you have any thoughts on that? Yeah, I just think personally, yeah, we'll see what happens. I think it's, I think there's other things going on personally, underlined issues with inflation and a lot of other things. And the market had a huge run up. So I'm not surprised to see that thing pulling back. I think that's another kind of excuse to maybe people to go after the market. I have no idea just, yeah, I'm looking to just take advantage of some of these balances we're having, but I'm not that surprised to see the market taking the hit that it has. Yeah, the reason I would say that, and that's really, it's really just for me, just to kind of as a way to take your discussion in essence to the next level in my head, you're looking for these A to B equal CD patterns that could generate some type of bottom signal force. And I would say if this is nothing more than just some type of geopolitical event, then I think that's a good path to be on. I think if this is something bigger than that, that could lead to some type of more of a military involvement or something. And then the markets are likely, then the patterns that you and I are looking at probably are insignificant. And that the market's just simply my study of military skirmishes and wars and how the stock market responds inside the US. Being able to answer that question, Brent, I think is the most important thing that we can do. I don't have the answer to it. I have an instinct, but I don't have the answer to it. So I just thought, hey, why don't I just check with you as well? So, sorry about that. But hey, thanks for the call. You're welcome, Steve. Have yourself a great day and a great week, okay? Sounds great. That was Brent in Martinez, California. Steve Rhodes with TFNM. We'll be right back. Being fun, trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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And the purple lines are basically meant to represent the January bottoms that we typically see in the side of the stock market. So those of you that are familiar with my seasonal chart that takes a look at the Dow over the last 85, 86 years out there, we know that the Dow typically tops in the early part of January, makes a bottom in the end of January. So these purple lines out here, not every year, do we see that pattern play out? So the blue arrows that I have on my screen out here, they're representing those timers. It's not always January 30th as an example, sometimes a little before, sometimes it's a little bit after. Looking for bottom patterns that complete near that same time frame. So I'm gonna turn off those purple. I'm gonna try to, let me see if this is time cycles, I think. Yeah, that should do it. Okay, so now we've got those turned off. And you've got the blue arrows are the ones where I could visually, you and I, could easily see those January bottoms out here. Now, what's really important is, we're looking at the Dow, this is the cash in to see out here. And that's where my work on that seasonal chart came from. So we can see, and this is based upon the lows. So I've got this set up, this is not the close. I'm looking at the lows out here, because I wanna understand and really Brent, the discussion that Brent and I just had were really about the lows. And his question, it was a good question, by the way. You know, is this forming some type of buy the D point as price gets back to target or test those lows out there. But here's what we can see. If we take a look at, so we can see how those lows are really important. If you take a look at 2021, for example, that was the bottom of the stock market. If you take a look at 2020, that was not the bottom of the stock market, because that February 2020 COVID crash, soon as price got below that, certainly led to lower price out here. You had a nice bounce back in 2018. You prayed up that area and ended up getting tested again, but tested and rejected. Price moved higher. If you go back to 2017, you had that low come in, markets moved higher. The same thing in 2016. The same thing really in 2015, although it was really a consolidation here towards the end of the year, August, price was able to take out that high. You come back here to the 2014 level. So you see this, this high is really important. So far, the law I should say, so far as we've taken a look at it, the only low that was really penetrated the loss with the 2021. Now, if we pull this chart back just a tad further out here, we'll get into the 2006, 2007, 2008 timeframe. Here in 2008, we had a January low that level got taken out in the March timeframe that ended up leading to lower price. We had the same thing took place in 2009. We did, we had that nice January bottom come in in 2010 when we had the 2000 flash crash in May, that low was ended up being taken out. So the low is really important for us. Now, again, this is just a closing low that we're taking a look at out here inside of the doubt. It has not been taken out, but the insinuation should be or would be that if in fact we see a close below that low, that is spelling, you know, real trouble. Could be an A to B, a larger A to B, we'll see the downside that Brent and I did not draw him at that stage. So watching these lows is really important. Yes, price is coming down with lighter volume out there, but we did see where those lows have been taken out in a couple of these sectors inside of the S&P 500. So let's do this. We've got a number of questions that have come in. I don't wanna get too far behind on those. And so let's get to those first. The first one coming in from Tom G. Tom writes in, he says, I'm wondering your thoughts on a long position in ticker symbol, LTCM. That is grayscale Litecoin out here. You played it about a month ago and you're looking to get back in. It's always a big thanks. You're welcome. So if we take a look at Lite, LTCM, Litecoin, grayscale, so and so. It's about, and really, you know what I do, Tom, here is I'm not, is that interested in looking at the, it looks like this was a reverse merger or some sort or what, I don't know what it was, but the long-term charts aren't really helpful to us. So on the daily timeframe, you can see that right now price is trading below the bottom of its daily profile. And no surprise here, it's trading into its swing point low, January 27th, which was for this instrument, January 24th for many instruments out there. It's trading inside that swing point and if it closed today below 569 or 558 right now, you know, Tom, price could get down and easily test that low. Now I say easily, when we pull over the white background charts, this tells us, well, maybe not so easily or it would be easily if it can close below the red oscillator and change line. So the oscillator and change line on this instrument is currently priced at 542. A close below red oscillator and change line, that then signals to you and I that you have a falling price oscillator below zero, that's a bearish pattern signal and that would suggest that price would get down and test that low from the 28th out here or the 27th, 2728. That when it did form a bottom out here was a nice Roj meant to indicator signal as well as a TD9 count. But what happened out here, Tom, is that price ran right into the resistance level at 766, that was a TD9 breakdown area. So is this a place to enter or buy this instrument here? You know, if we go to the short-term time frames looking for signals, here's a 30 minute chart. I don't see anything here to suggest that you do that. I don't really see much in the way. I mean, I do have wave number seven that's confirmed on a 65 minute chart, but price well below. It also broke through a TD9 count bottom, price more likely headed to 518. So the answer to your question, when I take a look at the daily charts, the intraday charts, I don't see it, I don't see it in the cards just yet. If you wanted to buy price testing that oscillator and change line, that would be the signal. But I'm not seeing that in the short-term time frame charts to suggest that. So I do hope that helps you out, Tom. Thanks so much for the request out there and have a great day. The next one coming in from JT in New York and you've got a lot of DSL, the prices down, what price do you recommend buying more? So that's one of the shippers out there. I was actually looking at Nordic American tankers. That's the one that we get a call about periodically. I believe it's from one of our members over in the West Coast in Florida, they might be Sarasota, but it was showing some definite bottoming signals. So with regard to DSL, double line income solution, that's not a shipper for some time. I thought DSW maybe or something, and it doesn't matter. But what this is doing is trading into that swing point from January 24th, JT. It did volume on that day of 1.4 million shares. I'm rounding up. You're pulling back with light volume, 300,000 shares so far. You're trading below the bottom of its daily profile, 1496 odds favor that it's gonna go test that level. Now a test rejection of the 1465 level on less than 1.37 million shares out there, that could be or should be a buy signal to you. You'd like to have something more than that if you can. So can you get that? Well, as we open up the daily charts today it's going to be bar number eight. So this did form with bar number seven, that's letter G. Arrogement to indicator signal. And what that did in the case of DSL was price ran right up into where the counter trend rally should have ended. The center of its bearish structured bullish profile. And that was at 1590. So what you know, no matter what, JT, is that your resistance level is gonna be 1590. You really need to see it close above 1646 in order for this to say, hey, I'm on my way to the upside. But you've got bar number eight, pulling into a swing point with light volume. We know that, so wait for tomorrow. See if this forms the TD nine count pattern. And that would either be the low of today, the low of tomorrow, or it could be the low of Thursday out there, because we are beginning the week on a Tuesday where that bottom couldn't come in. So you'd like to see that bottom, along with a test and rejection on that swing point with lighter volume. And maybe that's your trigger in. On a weekly timeframe chart out here, it's saying, man, hold your horses, boys and girls. The reason is because last week was a TD nine count. And it was the following bar number nine. And if price closed below that low, that low, by the way, this week I'm referring to at 15 bucks, even Steven. And that's saying this thing wants to head even lower. So you're at kind of a critical juncture here. We should know something by Thursday out there. So JT, I do hope that helps you out. Thanks much for writing in. Have a terrific Tuesday. And folks would be back in just a few. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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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&P Biotech three times bull and bear ETFs. Visit directioninvestments.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 866-476-7523. 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 and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Good back folks. We got a couple of questions in the queue here. This one coming in from Jared L. Jared says, I'm in MO for long-term position, hopefully. Do you see any strength or weakness here? And where should I have a stop? So let's go take a look at this ticker symbol out here. Let's get our multiple time frames, our three time frames up here for Jared. And we've got this Altria group, by the way. Right now, it's trading above the top of its daily profile. That's old resistance that appears to become new support out here. So you were asking strength or weakness, but that's strong when you trade above the top of a bare structured profile. So that looks pretty good. On a weekly basis, price is trying to get through the top of its daily profile, a weekly profile that is. 51.37. So a close above that this week would be helpful. And then a close above 52.59 would also be helpful. That's the top of the monthly profiles. You're above the top of the daily, trading into the top of the weekly, trading up towards the top of the monthly. So really 52.59, you're talking about long-term, is really what you'd like to see with regard to a continued move higher. As I look at the daily, weekly, and monthly white background charts, they could be signaling a confirmed Roseman Dominicator top. Now, I just said the price was over the top of the daily profile, which is bullish, that's true. So we really have out here JL is a neutral signal. The signal changes from neutral to more of a bearish or expectory traceman. If there's a close below 50.95, the top of that profile, that would then give you targets of 50.44 to the downside 49.43 or even 47.05. So you want to watch the action over the next couple of days. You've got really what we'll call a neutral signal as we speak. In the case of the weekly, you had a TD9 count. No, you don't have a TD9 count. You don't have any kind of a pattern out here other than the top of that profile. So nothing bearish there. And the monthly timeframe also nothing bearish there. So really, I'd be paying attention to the daily timeframe chart, JL. So I hope that that helps you out and best of luck to you with the Altria ticker symbol there is MO. Let's go out to Niagara Falls and speak with Michael. Mike, thanks for calling. Thanks for holding. How are you doing today? How is the, how's the wind driven? It's raining here, but we're surviving. Okay, good, good. I want to look at XOP. P is impotent. Yeah. It's a spider oil and gas fund. What you doing? How can I help you? And I'm thinking that with this Russian-Ukraine crisis, I realized that many of the senior intermediate multinationals have a huge exposure to Russia. Shell, BP, Exxon, you know, with sanctions common, maybe just maybe oil's topped out. Well, I don't know the answer to that question, other than take a look at what's going on from a chart perspective out here. Yeah. And so from- Show me the charts on XOP. P is impotent. Putin. Well, the P is impotent is headed to 103.54. And the reason that I suggest that is because there's on a daily timeframe chart, there's a small little rising trend line that prices broken through. And that broken through then, and this was a barestructured daily profile, that should at least take us back to support. Now, one level of support is 103.54. That's the bottom of the daily. A second level of support is 101.81, 88. That is the bottom of the weekly profile. And below that, the third level of support would be 100.20. And that would be the top of the monthly profile. The fourth level to be watching would be 90.82. If this is going to be something of significance, price would need to close below the 90.82 area out here. So with regard to, let me see, let me pull over the other charts. See if there's some kind of topping patterns on the daily chart. Yeah, that middle chart looks really nice. I love that diagonal support level. Well, but that's way down there in the 60 buck level. If we do take a look at XOP, another area, so I'd give you one other figure for where price could pull back and find support. And that would be 102.24. So this identified, this formed a TD9 count top was bar number eight, that identified the top. And so its levels of support are the bottom of the profile, 103.54, 102.24 is a TD9 count breakout level. If it closed below the 102.24, what this is signaling to you, Michael, is that it does want to trade lower. So your instinct right now is to trade this to the downside? Yeah. So you've got your support areas out here. I think everything's baked in. I think all the negative, the entire conflict is all baked in. It's by the rumor selling news. So we've had oil, which is the top performing sector and the energy sector, the XLE, top performing sector. The XOP I believe has probably been the top performing sector this year. And that began last year as well and it just continued on. And at this stage, I have to anticipate that that move higher was, had nothing to do with the anticipation of some type of skirmishing in Russia. Maybe by taking it to that level where your baseness on the XOP, the P part of it, maybe that's really not the case because when I take like this set of charts out here, Michael, if we did see a close above 94.10 in LightsWeed Crude, then where LightsWeed Crude wants to head to over time is 140.82. So I don't see anything. 140.82. So what kind of a premium you're putting on the Russian-Ukraine crisis then? What's the oil premium on that? Well, would you say oil premium if Europe stops getting its natural gas or oil from Russia? The import from Qatar. From the Middle East. Perhaps. And then I'll just take a look at what LightsWeed Crude, what the charts are communicating to you and I, what buyers and sellers are communicating to you and I. And what I'm sharing with you is simply if price can close above 94.10, we're staring at 140.82. And above 140.82, 177.65. And I don't see... And we're heading back to July, 2008. Who's heading back to July, 2008? Well, I thought you were in pituit. We're back in July, 2000. We went up to 147, didn't we? On Crude, back in 2008. Oh, yeah, we know, in 2008, we went up to 200. I think we went up to 147. And around 4th of July, 2008, been a plunge. Well, you know what, yeah, so what I have to do is I have to go back and try to pull up that futures contract, which is not gonna be that easy for me to do here during the show. So I'm using a version of the continuous contract. So you very well may be right. I just would have to go back and pull up that historical chart out there. But regardless of where price was, okay? Regardless of where price was, everything price is trading above the top of its daily, weekly, monthly, quarterly profiles out there. It's above the sellers, and there's no reason for it to not continue to move higher up there. So that's what I see, but that's what's beautiful about the markets. You've got to have a buyer and you've got to have a seller. Okay. And right now, I'd be glad. All right, thank you very much. You bet. Hey, Michael, thanks so much for calling. That was Michael in Niagara Falls. And folks, if you've ever seen the falls when they were frozen, that is one of the most beautiful wonders of the world out there. Of course, if you're watching it live while it's frozen, chances are you're freezing while you're watching it outside. In any event, let's go to the next question. This one coming in from JL. JL says he wants to take a look at OCGN. So let's go look at its three timeframe charts out here. OCGN, and that is AccuGen Inc. out here. Having a nice day. So price is above the top of its daily profile. The top of that daily profile is 401, we're at 441. You've got volume behind the move out here. So what this tells us, JL, is that price should target 549. Now, 549 is the top of its weekly profile. This is inside a bullish structure profile. A close of a 403 this week is what would give you that signal that price should make its way up into that 549 level. And I'm taking a look at the daily timeframe chart right now, 432, we'll come back. We'll take a look at this chart if we get back from this break. 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. 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Back to OCGN for JL, who's long this position. So right now, what price is doing? It's trying to take out the resistance level of $4.32. 432, we're trading at 434, is the TD9 breakdown level. So that's the area that you want to see price get above. If you get it close above that, then that says that price continues to run higher. Now, the next higher in my white background chart would take you up to that double of $6.66 out there. The weekly timeframe chart, I don't have much out here to assist us with. So nothing there other than price running into resistance sets. It's red oscillator and change line. So right now, what you've got going on inside of OCGN, as good as it looks, as nice as the bar looks today, as nice as the volume is behind it, you're at the battleground area, both on the daily and the weekly timeframe. So best of luck to you. Hector and the fuel injectors want to close out the show by take a look at ticker symbol COP. So let's get that. I'm only going to be able to get the daily timeframe chart up on my screen out here. But conical films, much like we took a look at the XOP, having a big move lower. Now this is trading below the bottom of its daily profile out here. And the volume on today's move is so far 4.8 million shares. But what is it going into? It's going into about 8.5 million shares. But nonetheless, it's trading below support. Let's see if it's also trading below support areas on the daily chart out here. And voila, as we speak, 86.36 is going to be the key level there, Hector and Patty. That is the TD9 count breakout level. So COP forms a TD9 count and Roadsman to indicator top. That has brought price back to its breakout level of 86.36. So close below 86.36 and COP is going to suggest lower price. You've got a brand new weekly profile that's attempting to form. So if we get that close, then the projection that I would suggest would be 77.80 on any further move lower. But you don't have that confirmed signal. You'll get that if you see it close below 86.36 for ticker symbol COP. Folks, thanks so much for joining me today on Terrific Tuesday. Hope everybody had a wonderful weekend out there. We'll look forward to seeing you tomorrow. It might be at 8 a.m. sharp out there. If not, I'll be here. Either way, I'll make sure the show is playable for the one o'clock time frame. Have a terrific Tuesday, folks. Building wealth trading in the stock market seems impossible to most people.