 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the November 15th, the magical, the marvelous 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. The easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I can make that little two-by-four shift, it means we can find a 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'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 want you to know I'm absolutely grateful for your presence here. But more important than that, that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. Send me an email 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 and send me an email. Send it to Steve at tfn.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 Magical Monday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to less show, a bit of a mixed bag out here. We're going to talk about what's up 33 and the S&P's up 88 cents. We'll call that flat. NASDAQ is not flat. It's down 42 points. Russell's off 11. Semi's down 10. Trendy's up 16. New York Stock Exchange up just a bit. Gold is up 250. Trading out at 1865. Silver's off 25 cents. Trading at 2509. Lights recruit off 78 cents. Trading out at 80 bucks. Basically, almost even Stephen. Natural gas found some footing today up about 3% or 14 cents. Trading at 492. Dollarwise leading the charge out here. Dollar-alubriot up 35 bucks, followed by equinix of 21, Amazon 19, Rivian automotive up 15 and Dollar Tree up 15 as well. To the downside, you've got Tesla 40, CrowdStrike down 35. Booking holdings 36. Splunk taking a Splunk down 19% or 31 bucks. Upstart holdings up 23, 8% there as well. Of course, I want to take a look at what you want to look at out here. Let's go take a look at the, what's going on in the general markets as we speak right now. We'll be getting by taking a look at those profile levels. So, where are we? What do we have? We're going to have to really take a look at a couple of different sets of charts out here really to pull it all together. So, we'll just simply start with the profile charts. Here's what we know. We know that last week's moved lower, the S&P and S&P in essence, found support at the bottom of that daily profile. That's at 46, 35, 50. That's a very key level of support. It's slightly bullish in structure, meaning that center is closer to the bottom than it is to the top. Typically, when you see price close above the center, price will make its move up to the top of the profile. So, at this stage here, we would say that the ES mini is headed to 47.11. Now, I'm just going to switch. We're going to go back and forth here just to kind of stick with the same chart in essence. So, I'm going to go look at the... Well, that didn't work, did it? I've got the short-term timeframe charts. So, Stevie, we'll try to be a little bit smoother here. Now, you'll see the daily timeframe. I just want to take a look at the ES mini. Let's go through it one by one. If you take a look at the ES mini on Friday, you'll also have to close above that green oscillator and change line. And so far today, that level is held. And if we get it close above, that's pretty much where we're trading right now. Just, well, I'll give you the exact number, but this will change by pennies or what have you. It's at 46.76.75 would be the number. We're at 46.78. So, close above that level. It's going to add to the idea that the ES mini should go target at 47.11 area. Now, the spot volatility is below its 50-day expenditure moving average. That would be the final piece of that puzzle. We won't go there right now, but you can trust me on this. That price is trading below that area, which is also another positive. We're wind at the back of the sails, so to speak, for the SNB5. Let's go to the NQ and then we'll switch back. So, on Friday, the NQ closed above the top of its profile. Well, I actually got its profile on here. It's 16.020. It's really 16.105. So, either way, that works. So, what you can see here right now, the oscillator and change line for the NQ is 16.170. So, close above 16.170 today. We'll generate a signal for you and I think the NQ is likely to go target. It's all-time high as well. Let's go take a look at the Dow. So, the Dow has not been able to close above that oscillator and change. But first, by the way, all four of these equity-future contracts have topping patterns that are in place. TD9 counts for the ES, the NQ and the Dow. And then the Russell 2000, say, sell the D-point pattern. So, not until those levels are taken out, do these patterns get negated? But we're trying to understand what is price likely to do. We're trying to understand for the ES many and the NQ, if they close again today above those green oscillator and change line, the message is that price should go at least tag those resistance levels. That is the top of those all-time high patterns or those TD9 counts. The Dow is not generating that same signal for us just yet. If price did close above 36.121, that's its current oscillator and change line. Then that would suggest to move up to the top of its profile, which is not the all-time high, which is not the top of the TD9 count. It would be at 36.293. If we take a look at the Russell 2000, for the last several days, price has remained above the top of that oscillator or its oscillator and change, not the top of it, but remained above its oscillator and change line. That is currently printing at, give me a moment here, 20, what? 24.0610. So price closed above that. Odds favorite price goes back and tests its size. Well, now I'm going to switch from this chart here. Just go back to those market profile charts, see if there's anything else there for us to update you on. In the case of the Russell 2000, a close above that oscillator and change line would suggest to move to 24.60 out here. But you can see its profile is slightly bearish in structure, the opposite of the ES mini. So price has gotten up in that resistance zone, which is really between 24.25 and 24.60. That's a pretty good size resistance zone, but that is the resistance zone for the Russell 2000. So is there anything else here for us to take a look at on the daily charts? I don't think so. What's the bigger picture look like? Because sometimes the daily is just noise. If you're managing your long-term portfolio account, I can guarantee you the daily charts are nothing but noise out here. When we take a look at those weekly timeframe charts, what you're going to see out here are conservative. I said conservative A to B equals CD patterns to the upside, all of which are basically confirmed. Now, you don't see the A to B equals CD pattern inside the Russell 2000. What you see for it for its weekly timeframe is that consolidation measured move that would take us into the 2600 area. So in the case of the ES mini, it's target to the upside, other than some consolidation measure moves, which we can take a look at, but the A to B equals CD to the upside on the weekly basis, first level, 4789, 17170 in the NQ, 38341 inside the Dow, and again the Russell 2000, likely to target the 2600 area. Now, let's go switch over and take a look at the short-term timeframe charts. Those were the first set of panels that I accidentally popped up on the screen. Here's our 30-minute timeframe charts. Let's go ahead and take a look at what the market is here. And here what I will share with you is I don't have anything that's really clear other than what comes from the Dow. Well, so the Dow itself, price pulls back. I don't have a topping pattern out here for the Dow, for the ES mini that sent price moving lower. It doesn't matter, price moved lower. In the case of the Dow equity future contract, price held its TD9 breakout level at 35983. The breakout levels for the NQ and the ES are well below where price got down to today. So nothing to look at there. The Russell 2000 got to its second breakout level. That has held. That second breakout level is priced at 239180. That is an area to be watching in my opinion. So how does this all set up? How this all sets up right now? It's going to be about the end of day where price closed in relationship to those oscillator and change lines for the ES and the NQ, quite frankly for the Dow and the Russell 2000. And they'll help us figure out what its intention is, what their intentions are. Steve Rhodes with TFNM, we get back from this break. We'll go answer a few questions that have come in by email. 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 TFNM, all our newsletters come with a 30 day money back guarantee. So you have absolutely nothing to worry about. Visit TFNM.com and try Mastering Probability, 30 days risk free today. TFNM, educating investors. What's separating you from the most successful men and women on Wall Street? That's right, information. 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At TFNM, you'll get advice and guidance from the authority and technical market analysis and it's not just dry, tedious text either. TFNM airs live financial content streamed live on TFNM.com and TFNM's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 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 to all sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNM.com or on TFNM's YouTube channel and become the investor you were born to be, TFNM Educating Investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. So I returned about 45 minutes ago from my eye doctor appointment. I go every three months, at least every three months. I suffer from something called diabetic retinopathy. It's a horrible disease. What it is for those of you that don't know, it's bleeding that goes on behind the eyes and it causes blindness. So in my case, we've been fighting this for a couple of years now and the doctor I go to really renowned doctor, his dad is actually the Harvard guy. His dad is actually the guy that developed the technique still used today to detect this disease and treat it. And the treatment is a horrible treatment, quite frankly. It's a grateful treatment if you've got it because what it does is kind of stops the bleeding or tries to stop the bleeding so that your eyes, eye vision doesn't get worse. It never is able to recoup what you've lost out there. And the injection, and the treatment is an injection into the eye. It's not a cheat, but I'm not there just yet. We're doing everything we can to try to stop it. But many of you know I had a case of COVID in the beginning of August out there, so I was really interested to understand how has this possibly changed my vision. And by the way, with diabetic retinopathy because of the bleeding behind my eyes and so forth, my vision can change from moment to moment, day to day. I actually see it take place. Well, I don't see it necessarily, but I see it through my actual vision, see it changing. And in fact, I'll go there sometimes without my glasses and they'll, you know, do I read the letters, all that stuff? And I'll come out with 2020 and you're like, how could that possibly be? Go back the next time. And I'm not even anywhere near 2020 out there. But in any event out here, so I want to understand most certainly whether how that impacted my vision. So he shared with me a story, kind of a sick story, quite frankly. All that this guy does throughout the state of Florida quite frankly is deals with a cornea surgery, a diabetic retinopathy. I mean, that is his specialty. And so he was telling me about a, so I had shared with him obviously what I went through. And so the first thing that was kind of interesting as as many of you know, I've lost my taste and smell. Of course, I know most of you out there know I had no taste. That's okay. And the good thing is because I do this remote from the office here in my house, you don't know whether I smell or don't, but you know what I mean. So what he said is it's what's really interesting is that he does have some, some observational studies on this because he's treating people all over the state of Florida. And what he's determined is those people that lose their taste and smell, their eyesight tends to improve. When I walked out of there, they said, your eyesight has improved. In fact, don't come back in three months. Come back in four months instead of three on this trip here. So that's fine. 30 days is going to make a difference. But what he also said was, and this is the sick thing, is that those people that actually have, whether it's whether you get the full blown or you're asymptomatic, and you don't lose your taste and smell. And if you do suffer, especially from like diabetic retinopathy, the disease either really impacts the eyes or it doesn't. And it seems to be the trigger is whether you've lost your taste or smell. Maybe it's a gene or something. I mean, he doesn't know. He just knows the study. There was a study that was produced. Now this study, and here's what kind of get to the sick part of it. The study went back into autopsies on all kinds of people who, you know, who passed away from COVID. This is where they're trying to understand what was the impact on the eyes. And what they were also hoping to be able to get out there was, you know, a whole bunch of corneas where they could use cornea transplants. And what he shared with me is because of everybody that's been marked as passing away, you know, in the hospitals from COVID or many of the people have. They can't use those corneas. They can't even come and they have now a supply chain. If you wanted to get a cornea eye transplant right now, there's nothing on the market for the most part. You know, really kind of a sick outcome of this. So, you know, if you or somebody has diabetic retinopathy out there, you know, I suggest they go back, you know, see their doctor as well and see how their vision has changed. And right now I'll say, I hope that if they did have COVID that they lost their taste and smell because this guy, Dr. Tolentino, he was convinced that that was a real important marker to help you understand what's going on out there. And then even let's get to the questions that have come in, a couple of them. The first one coming in from Tim. And Tim writes in, he says, could you please take a look at DraftKings, ticker symbol there, DKNG. That's what's up on my screen. It violated a previous TD9 count support level last week. So we'll go take a look at that. I believe it completed a TD9 count to the downside on Friday. What do you think would be a good entry point for a long position to hold for a few days to maybe a couple of weeks? So, Tim, if we take a look at DraftKings right now, we can see that price is trading below the bottom of its daily and weekly profiles out here. What we see is price right now is testing the bottom of its weekly swing point that began the week of May 10th. Now, that swing point's low was $39.93. The low so far today is $39.43. We're trading below that level. So what you first need to see is a test of rejection of that area. That's $39.93. Last week's volume on the way down, I don't know what this week's was. Last week's volume was $75 million versus $151 million out there. So it's testing that level on light volume. The question is really this week. So that's what we see here. We're going to switch over to my eight-panel set of charts. Give me a moment just to set this up. This eight-panel set of charts allows you and I to take a look at what's going on from multiple timeframes. Because what we really want to see here, when something gives us a bottoming signal, if it's on a weekly basis, for example, and Tim didn't pick up on this, but on a weekly basis, we have a TD9 count that is likely to form inside of DraftKings, either this week or next week. So when you see a bottom signal on a weekly basis, then you like to go to the daily timeframe to see if you see any other bottoming signals. We like to go to shorter-term timeframes. Well, in the case of the daily timeframe, let me just update this chart here. Price, so today is going to, so you are right, Tim. Yes, Friday was bar number nine. This is going to be the bar following bar number nine. I see a seventh wave signal out here as well. But price has also been moving lower with less relative energy. What I can't tell right now, because I don't know how I have my parameter set up, if this is just waiting for a candle bar closed to extend that count or not. But either way, today could be a bullish, could be a bottoming signal to go along with what we've looked at. But see what we would also see out here, Tim, is we would see these short-term timeframes, all these along the bottom, even the one in the upper right, 195, each of these having roads meant to indicator signals. What we would see is confirmed bottoms there, and that's what we don't have. And full disclosure here, out of my scan of about five, 6,000 instruments I believe this weekend, DraftKings was one of the instruments that showed up as perhaps one of the number one bottoming pattern signals that are out here. But as I share it to subscribers, we need to see confirmation of this before we'll enter this trade. So, Tim, you're looking at it, I'm looking at it, but I'm not willing to step into this until I get some type of confirmation of a bottom. So I would say stay tuned, watch tomorrow. If we get a close below today's candle, whatever that is, that'll tell you that the TD9 count is not the pattern on a daily basis that's going to identify a bottom. So it's always nice to have confirmation. We don't have that just yet. It depends on whether you're an aggressive trader or not. I would just sit tight, and that's what I would do. So thanks so much for writing in. I hope that that helps you out. Nicholas writes in, and Nick says, hey, Steve, question about the Dow, okay? Assuming that for 2021, we have a top for the Dow. So for 2021, a top for the Dow, I'm just going to, first, let me get over here, okay? So that's a potential assumption. I don't necessarily have that assumption, but okay. So assuming that, let me just read this question. Assuming that for 2021, we have a top for the Dow. What points would you use to calculate a normal .382 retracement? Do you think we still get a new high for 2021? Thanks for all your doing in the comments. Okay, so first, Nick, we're going to a breakout here, but just pay attention to the very bottom left panel of that screen out here. This is the Dow Equity Future Contract. It has a breakout consolidation pattern that's in play. That should take price to $37,363. $37,363. Steve Rhodes with TF and then we'll be right back. We'll finish up this. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. Interact with other Tigers and Tigers as they share trading ideas, news analysis, and discuss the market act in all trading day. Subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee and become part of the TFNN trading community. TFNN Educating Investors You could be making money off the stock market. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back. Hey Nick, sorry about that. I didn't have the right charts on the screen right now, so I've left that out here. Bottom left, really each of these four equity future contracts have the same pattern, have the consolidation measured move breakouts that are in place. So Nick, I am not in the camp that the TD9 count tops that we have in place are the top inside of the Dow. And not until we see some other elements get introduced to us would I have that signal. Granted, we do have TD9 count tops, but at this stage here they've proven really to be nothing more than just a short-term pullback to support. Until those tops get taken out, if the tops get taken out we'll have more conviction behind the conclusion that price is going to go reach at a minimum those levels. It's at a minimum. When you break out of a consolidation the measured move is equal to or greater than the consolidation out here. So these levels, don't think like that's TV saying that's the be all to end all. That is not what I'm saying at all out here. Your question also went into, so you're trying to calculate a .382 retracement out here. I think what you really need to do is really kind of come back to this set of charts out here. And you can do the retracement levels yourself. I don't know where you do the retracement levels from necessarily to give you some type of change in trend signal or something along those lines, Nick. But what I do know is that we take a look at these weekly task market profiles. Those are the green lines. And I'm just showing you the bottom. I'm just showing you support. That not until we see price close below these levels will you have any kind of a change in trend. So remember, these profile levels they really provide in the oscillator and change line to provide us with in the TD9 breakout areas, they provide us with natural areas for price to pull back to. Only when those levels get violated where they indicate something different is going on like a change in trend, which I think is what you're trying to get to out here. So in the case of the Dow or the YM out here, the level you're going to really be watching is going to be at 34185. And you need to see two consecutive closes below that on a weekly basis in order to suggest that there's some kind of change in trend. So that's important to understand. What I'd really like you to wrap your head around and I know maybe it's hard to do. I mean, many people looking at the economy, the U.S. and the world globally and figuring out that everything's going to heck in a hand basket out here and that somehow maybe it's not going to heck in a hand basket because the stock market is doing so well. These two things are two totally separate things out here. The stock market is nothing more than a way for us to try to understand where is money flowing into. It's nothing to do with the economy, so to speak out there of the health or not the health. But here when we take a look at the economy, or the market that is, the stock market, I didn't mean to say economy, we take a look at the stock market out here. What we really need to understand is where is their confidence. And one of the ways to figure out where confidence is is to take a look at instruments like this. Here we've got the Dow. We've got the DAX. We have the FTSE, the Shanghai. I've got the S&P, the Nikkei, the Hanksang, Australia emerging markets. And we've got some commodities out here. But try to understand where is it because the investors, they can't hide from you and I. The data is here. It's just a matter of whether or not we want to go ahead and develop the data, interpret the data. But here what we're looking for is we see this here. In the case of the Dow, if you're invested in the Dow or have this, it basically takes us back to the beginning of the year. Last 46 weeks. So it's not going to be right to the day of the beginning of the year, but close enough for our work. The Dow is up in terms of US dollars by 19%. That pales in comparison to being up by 28% in euros and 32% in terms of yen. The Dow is out in front. There's no doubt that capital is flowing into the Dow. Has it totally concentrated itself in only the Dow right now or only the US markets? The answer there is no. The DAX is not that far behind. It's up by 17% in US dollars, 26% in terms of euros. So we know that money is flowing into Germany. Money is flowing into the US. Not so much it's flowing in, but not as significantly inside the UK. When we take a look at the FTSE, the Shanghai for the year is only up less than 2%. Definitely not flowing there. In the Australian index, where is my rate of change? My rate of change is 13%. So similar to the FTSE. So a hang saying down 6%. The NAK up about 8%. So Nick, what I want you to understand is that capital is flowing into the US. And hey look, we've had a lot of corporations over the last many years out here take out supply of stock, right? They bought their stock back. Many people complained about that. Would you have to understand supply and demand out here if there's less stock that's on the market? And we have global capital that is saying I've got confidence inside wherever it has confidence. In this case here, we could easily make the case that is the US of A out there that when things really hit the fan, wherever they might hit the fan, over in Europe or China or wherever, that capital will flee here. And the thing that's going to hit the fan or should hit the fan, I said should hit the fan, is when interest rates begin to rise out here. And there's not too many people that are saying interest rates won't rise. And the problem with interest rates rising in the US, this is the problem, is you've got central banks that have been the biggest buyers of their debt, so to speak. And you've got negative interest rates. You've got over in Europe. You have trillions, I don't know, 17 trillion or so worth of denominated debt in US dollars. So if our US dollar is getting higher, and we took a look at that during the one o'clock update, how the US dollar has got a nice A to B equal CD to the upside, it's moving higher, gold, silver, moving higher, not necessarily right now today, but in general they both are moving higher out there. That's another indication of people having competence in the US dollar. Well, the problem there is just simply that you're going to need more of, if you've got a debt that's denominated US dollars and whatever your local currency is and it's falling compared to the dollar, now you've got to even come up with more. And when you start to realize that not just you have to come up with more, that that whole thing is cratering and you have that investment capital or you're going to keep your money tied up in those bonds, no, and if you liquidate it, where are you going to put it? And so it really comes back to the US. So it's really important to understand that fundamental. So that's not sort of a technical thing. It's a fundamental aspect. And if we take a look at it here, we have the same thing going on now, if I can get to that chart. We have the same thing going on now as we did back to the run up into the 2000 top. Here we're taking a look at the top portion of the screen here is the Euro US dollar. And you can see that it has been moving lower not just even since the 2008 high out here, but just coming back into the 2000 time period. Back from 1995, we saw a huge move lower inside the euro. That was capital fleeing Europe. It was moving into the US. That capital moving into the US moved our stock market into that 2000 top, so to speak, that bubble that everybody calls a dot com bubble, somehow believing that that was the real thing that was driving price moving higher. That's a lie. It wasn't. It was capital fleeing Europe. And you can see here, we have the same thing going on right now. It has been going on since 2008. If we took a look at the rate of change from the Dow of 2009 to where we're at, it's way out in front with regard to confidence in capital here. So these are the reasons why I would caution you against trying to suggest that the Dow or our markets here in the US have formed some significant tops out there. It just doesn't line up with everything else that we're looking at. So I do hope that helps you out. I can see that we've got a caller on the line, but we're going to wait until we come back from this breakout here, which is about 20 seconds from now. It's going to be Garo. We're going to take a look at ticker symbol QS. But in the meantime right now, just one last thing to look at or maybe a couple things to look at out here. If we take a look at spot follow tunics, a key level to be watching today, no matter what, is that spot follow tunics, which is 1766. We're trading right now at 1678. Continue to trade below it. That puts some wind at the sails of the back of the S&P 500 to suggest that it should move higher. Steve Rhodes with TFN, we get back to this break. We'll go out to Garo in California. Take a look at ticker symbol QS. 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No, I'm in Yukon. I'm in Whitehorse. Okay. Whitehorse, part of the, that I have a chunk, I bought a big chunk of land when I worked at the Alaska pipeline in mid-60s, 1960s. Yes. Yeah, I bought a more 3-400 acres here in Whitehorse because my taxes were so high and then I had to buy some because I had payment. So after I bought it, then I start raising peaks here, peaks and mountain goats and a caribou. So I've been doing this for very many years here. So I come here about two, three times a year. We come here for hunting and fishing and I take care of the business and so on. And then I go back again to California. That's great. Well, folks, you're in for a treat here because Garro has developed a unique system, a proprietary system for him, works really well out there, uses a parabolic star, uses a number of different moving averages. And so Garro, we're happy to speak to you about quantum scape. I believe that's what you called for. Currently traded at 4069. So how can I best help you with regard to this? Yes. I've been trading this since when it was around 28, between 28 and 30 until it crosses that 200-day simple moving average. Now I'm trying to find, trying to find the main resistance. Okay. What I have here, it crossed the data resistance what mine was. I don't know what is yours. I want to compare with yours. Mine was $41.41. Okay. And then here I have two major on today, resist today, the charting, it is $43.13 and $46.37. And the three-day chart is $44.01 and $48.12. I want to see that, what is your major, major resistance and that, Tom DeMarc, I don't have that system. I want to see that when is the last one that you can see that something that is going to roll over. And I was long in the morning and I shorted today on 10 minutes where you see that the candle crossed the dot it was $42.21. I shorted it there and still I'm in short. I'm very sure I'm going to get out of it but I want to see a major, a major resistance if it's possible. Okay. So first with regard to your 10-minute chart that you went short on, if you had asked me where would be the time to cover it I would say right now. The reason that I would say that is the very right hand panel of my chart. We'll come back to the bigger question but since this is more pertinent to your existing trade and you're already considering closing it out. The reason why I say that is because we can see that price is pulled back into the bottom of its bullish structured profile that appears to be holding. That's at 40.56. Now maybe you don't close it out now but if you see a move above the center of this profile and that's where we're trading right now that's out at 40.75. Odds favor a move up to the 41.48 level. That's nothing more than just take a look at its TAS market profiles. This is a bullish structured profile so we would expect to anticipate this area to hold. So before I switch over to any other time frames or provide you with some additional information any questions about the right hand panel chart which is the 10-minute chart here for a quantum scheme. No, I'm fine here because what I'm seeing that the statistic is already below 25 so I think now is the time to get out and I made about closer to $2. I have no problem with this but my main problem is to find a major resistance that where do you see that Tom DeMarc at the top is the one that's going to occur. Yes, sir. So the next level then the next level to the upside that I would be watching is 48.45. So price has already taken out two Tom DeMarc TD9 breakdown resistance levels and that is a bullish signal. We don't have any kind of a topping pattern that is in place. Price is moving higher. It is doing it with less relative strength. That's only a problem if we were to see some type of bearish reversal candle form but we don't have that now. We're not going to anticipate that that is going to form until it forms. And so at this stage here the next resistance level for you to look at is going to be 48.45. And as price approaches that area perhaps you could call back in we'll see what kind of patterns are going on under the daily time frame because quantum scape has only been trading for above that level. I take that back. It hasn't been trading for that long. It goes back to last September on a weekly basis. The resistance level that I would have would be 51.57. So we have 51.57 and 48.45. And I would say girl that is your resistance zone and if price can clear that this thing continues to move higher may continue to move higher but those are areas to look for potential stalling points or possible topping signals or patterns. Any questions about that information? Yes. Now mine is 48.12 between 44 and 48.12. Very good. No, I don't see any topping stuff but here I don't have that system that you have that Tom remark. I wish I had one. I don't know where to get it and how to add it to my charging system but that's a very excellent feature that I don't have it unfortunately. I hope one day you will help me to complete that system but I appreciate your time. Thank you sir. I appreciate it. Talk to you soon. You bet. That was Garo in California. A wonderful fellow. Just like everybody out there that's listening in as well. So let's go to our next question. I don't think... Oh I take it back. We do have another call on the line. It's Rich in Orlando. Hey Rich, thanks for calling. Thanks for holding. How are you doing today? I'm doing pretty good Steve. How about yourself? Very good. Thanks so much for asking and the ticker symbol I think we're going to look at is... Oh, is what? I'm sorry. Let's start playing here. Start playing here. P-L-T-R. Playing here. Okay. That's why I couldn't pull up what you were asking for. So P-L-T-R. I'll pull these up on my screens here. Tell the folks how I can best help you. Yeah Steve, I mean it's hard to know this is one of those companies that basically gets a lot of money from the government and they got a nice contract about three weeks ago and it really kind of was moving up and then all of a sudden it looks like it's a lot of bets but it looks like it's sort of bottoming out here in the 22, 23 areas. I don't know, is that a pause before it goes lower or is this thing maybe look like it came down to a breakout before and maybe has some possibilities going up again? Yeah, so here's what it did. So the day that it really fell out of bed, there's two days, but the day that was most concerning was the day of November the 10th and the reason is because price closed below the bottom of its daily profile which was at a level of 2356 and we're still below that right now. What that did was that gave you and I a signal of a confirmed A to B equal CD to the downside and rich the first price target of this A to B equal CD pattern would be $20.84. I would say that that pattern will remain in effect unless we see Palantir closed above 2409. 2409 is the center of its bullish structure daily profile. Are you able to see us on Tiger TV? No, and fortunately I'm not. No, no, I'm not able to read it the moment, but I'll go back and look later on. Perfect. I'll view the program. Perfect. So what you're going to watch there is you're going to look at that second blue line. It's on the left-hand side. When price closed below the bottom of a bullish structure profile, countertrend rallies, if that's all this is, countertrend rallies will poop out, will peter out at 2409, at the 2409 level and then continue to resume lower. If price closes above that then I don't have a bottoming pattern, but it may have bottom. Hey Rich, do me a favor. We're going to a break here. Hold on through the break. I want to make sure I answer your question there. Steve Rhodes with TFNN will be back with Rich Nolando in just a few. 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 4.00 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. 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For more information, you can call 877-518-9190. That's 877-518-9190. 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. Then hit Watch Tiger TV. Welcome back. Hey, Rich, during that break, I went and looked at the inter-day time period, just seeing if I could find anything that gave you and I a signal that maybe this is bottomed and I couldn't find it. So I just fall back to the daily time frame. And on the daily time frame, the oscillator and changeline, that's Stevie's green red line, changed colors a few days ago when we had that big move to the downside. When it changes color, we typically see price net line catch up to each other. I think that's all that we have going on here. That catch up would take us also into that 24-08-ish area out here 24-08, 24-09. So I would just be tight. I think the A to B equal CD pattern is the one to still keep our eyes on for Palantir, okay? Okay, I appreciate that. Thanks a lot, Steve. You bet. Thanks for calling and we'll look forward to speaking to you again soon. Let's finish this off with a question from Susanna. Susanna wants to go ahead and take a look at MARA. So let's take a look at MARA, Marathon Digital Holdings. And I think she's just looking for, trying to get a feel for what it's communicating to us. So here what we can see, and this is a level to be watching. So Garo and I were talking, I think it was Garo and I, it was just Rich and I about the bullish structured profile. You close below it. Typically your counter trend move is to the center. Well, here we have the exact opposite. We have a bear structured profile. And that profile level was tested on that big down day on November 10th inside of MARA. That level held, which was 64.75. Price is trading just below that right now. We're trading at 63.91. So here's the deal, Susanna. If we see a close below 64.75, it's suggesting that Marathon Digital Holdings should pull back to the 55.41 level. Granted, you really need two consecutive daily close below that level. But the first close is going to say, hey, this is a real possibility pulling back to 55.41. I don't see any kind of significant tops or anything like that out here. But a pull back to support certainly could be the, what's in order here. So 55.41 is the area to be watching. That's if you get a close below 64.75 today. Folks, stay tuned. You've got two more great hours lined up. Your favorite polar bear, David White. He's on with the polar trading hour. Tom O'Brien, he'll take us on home from three to four. And I'll be back with you tomorrow morning at 8 a.m. We're going to record tomorrow's show between eight and nine. Please join me then. We'll make that show as pertinent as we can between the one and two o'clock slot. Have a terrific, a marvelous Monday, folks. We'll see you again soon.