 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge now Steve Rhodes Good afternoon folks. Welcome to the December 16th The terrific Thursday edition of today's Traders Ed Show. I'm your host Stevie 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. Hey, let's make sure we have an extraordinary one and the easiest way to do that Just to always remember that life is happening for us not to us That's right We knew and I make that one little two-by-four ship Well 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 gonna go check on the circumstance of these markets We'll go figure out what those bulls and bears with those buyers and sellers are communicating to you and I at Just past one o'clock in the afternoon. I do want you know, I'm absolutely grateful for your presence here The more important than that 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 in at 877-927-6648 if you can't dial that we've got you covered there, too Go ahead and let those fingers do the walking you can send me an email send it to Steve at tfnn.com and inside the subject heading Please put radio show question. Of course in our Tigers then well any and every ping will do So let's go ahead and get this show started on terrific Thursday. Of course. This is Tiger financial news network I'm Steve Rhodes. Welcome to let's show a bit of a mixed bag out here You've got the Dow up slightly five points the Nasdaq our New York Stock Exchange of 68 points for 10% Otherwise, we got everything trading to the downside the S&P's up 27 Nasdaq 100 362 Russell's down 26 semi's up 144. You've got gold up That's 34 bucks. It's really not up $34, but it's up trading out at 1798 Looks like and it's trading up into the top of its daily profile So resistance level that we'll look at Silver's trading out at 2249 lights. We crude trading out at 72 46 natural gas up 3 cents lead the charge dollar-wise to the upside that is booking holdings 44 bucks 2% Accenture PLC 26 bucks 7% a guru favorite stocks up 20 2389 percent wonder if that's an IPO charter communications up 11 bucks almost 2% to the downside Amazon 76 bucks 2% Adobe's up 11% or 68 Shopify 59 or 4% Hubspot 6 and a half percent 45 bucks So there's some shakers out there and there are a few movers. We had a request to take a look at one of those movers Let's get that off of the off of our list of things to do and you got AT&T Nice move today good volume behind the move 67 a million But it's trading right up into key resistance and key resistance here is at 2388 that is the top of its daily profile So we just take a look at profile wise you're below the weekly you're below them monthly So you really need a good bottoming pattern or signal inside of the daily time frame We'll go take a look at the charts and see if we have that I believe that we do but the key here and the really the the level that I want to point out That's going to be important if you're a long AT&T is as we take a look at the daily profiles here We have not seen a close above a top of a daily profile Not since April of 2021 the actual date the last time we saw close above the top of a daily profile was April 22nd So what does that tell us? Well, here's what it would tell me We've got a valid bottoming signal, which I believe that we do we'll go find that out in a moment I believe there was a rose momentum indicator signal because I know I'd I'd take a look at AT&T as well as Verizon out They're both had similar type patterns. Well in the case of AT&T You need to see a close above the top of this daily profile 2388 do you need to see it today? You'd like to see it today with a wide-ranging bar that's gone in essence from the bottom to the top of the profile Does it have to take place today? No, but if you don't get that you're not necessarily out of the woods Whether we show a bottom or not, but if we do get it that's a close above 2388 then AT&T all of a sudden looks very Interesting just based upon using the market profiles understanding where it has or it hasn't been so now as we open up this chart Here, what do we see? Okay, we see that today's gap to the upside is confirming a rose momentum indicator bottom signal So that's nice out there So you've got that going for us and if we could get a close above 2388 whether it's today or tomorrow the next day Whatever it might be not in if we do get that then that signaling that you could see move all the way back to where it Broke down from twenty eight dollars and fifteen cents I'll be something to be taking a look at For most of the folks that are listening in to the show if we take a look at the weekly time frame chart The weekly time frame chart I'm gonna guess there's an A to B equal CD to the downside. There is a TD 9 count bottom That is held so in the case of the weekly chart Well, we can also see out here is we have not seen a close above that oscillator and change line for quite some time Well from a weekly standpoint that quite some time last time we were above the top of the oscillator and change line was May That was May of 2021 so we've got April and May of 2021. So now we've got the daily time frame signal and The weekly time frame signal so we're going to revert back to the weekly AT&T is not going to get out of the woods unless we see a close above 24 15 now that number is going to change as price moves up We're down, but you can use that as a range out there, but so we've got both great tools From the daily in the weekly of patterns that is from the daily in the weekly time frame to really assist us here with regard To the monthly chart. I don't have anything there that is going to assist So it's really about the daily in the weekly it looks good The question is can price overcome those resistance levels? Why is that important? Well, because we can just flow right through to what's going on inside the equity markets out here Why are those levels important? We'll take a look at the ES mini the end queue out here And what price is done today? We tested earlier this morning. We tested the top of the weekly profile inside the ES 4733 we're back below it It still has its TD 9 count top it has its roge-muntem indicator top take a look at the top of the profile the end queue at 16458 no look the high was just slightly above it. We actually got up to a level of 16 450 No, we didn't 16457 and 16458 is the top of that daily profile. So it's a beautiful thing now if we look at the Dow We've we've got we've got different signals out here But the ES mini the S&P and the end queue are just suggesting that we're in some type of consolidation out here Whereas in the Dow price right now it traded it closed just above the top of its daily profile 35808 yesterday. You're above it right now. You're 35892 and the price can stay Above the top of this profile to consecutive close It would be an indication that the Dow itself may be running up to the 36354 level That's the top of its weekly profile We're gonna go take a look at the Dow's equity future contract other charts out there but So these profiles of the importance here are really coming back to this is these profiles are very important It provides you and I with a competitive edge that others don't have which is understanding exactly where sellers reside Exactly where buyers reside doesn't mean that either of those will hold But boys sure helps you to understand as you're driving down the road where the potential traffic is where the U-turns are and right now what we've got is we've got a hangover u-turn where that nice move to the upside yesterday We went back and explored all those intraday charts They were signaling to us that markets wanted to move higher But didn't say that we were gonna go take out those highs out there and in essence We have not done that so that just says for you and I and everybody else out there We've got to be careful the highs for the year are still in and that could be signaling to you and I That we're just simply going to either move in this consolidation pattern or begin to move lower For perhaps the next couple of years Steve Rhodes when TFN will be right back. We'd love to hear from you 877-927-6648 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? 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This is I believe it's for mr. Bill in the Tigers Dan is a Colgate palm all up ticker symbol. There is a CL so we can see this thing is Blown past its daily and weekly Top of their profile levels and suggest that price might make a move up to 8641 That's the top of the monthly profile but however and in this case there is a however today is going to become bar number 9 of a TD 9 count so mr. Bill we could be looking at a TD 9 count top that occurs between today and tomorrow and should that occur It will go look at the short-term time frame chart see if there's any kind of signal just yet That would then suggest that price would likely pull back to 80 19 now That's in lieu of some other profile forming out there I don't know whether one will form or won't but 80 19 would be the target based upon the daily time frame That's the oscillator and change line on a weekly basis out here. You've got 84 57 as a TD 9 breakdown resistance level An 85 56 so those are two key levels There's no topping signal here on the weekly time frame chart And so perhaps maybe it's tomorrow. Maybe price makes that move up to 84 57 Along with becoming the bar following bar number 9 of a TD 9 count the monthly chart out here No real signal to assist us other than just you can see really a sideways Consolidation and you're up towards that consolidation zone not all the way up there, but certainly up into that area So if there were going to be some type of a top because of the daily TD 9 count pattern We would see some type of topping signal on the intraday charts Well, the 15-minute chart has a roadsman to indicator top price of support a cell That's an 83 53 So if you're watching this chart if you're watching this stock I should say and you see a 15-minute close below 83 53 odds Favorite price going to pull back to 82 86 the 30-minute time frame chart It also appears to be forming a roadsman to indicator top The reason I say appears there's still 10 minutes left in the session But right now you have a bullish engulfing candle that would then suggest a pullback to 80 303 We look at a 65-minute chart the same thing you're gonna have a TD 9 count and potential roadsman to indicator top out there So mr. Bill you kind of get in the feel out here as to what we're looking at We're starting to see you've got a daily TD 9 count top We have not all not each of the intraday charts, but several of them are showing us that it's trying to turn I would watch those key support levels again the first area. I would say it would be 82 86 That's the 15 minute an 8303 on the 30-minute time frame chart out there So that's what I'd be watching for with regard to Colgate Paul Maul of Tucker symbol there folks is cl We had another request. I believe this was from G 70. He wants to take a look at SP Y V And I think he was trying to indicate that this is a ETF that has All kinds of instruments in it more. This is a supposedly this is more Heavily weighted from an international side. I think that's it's kind of hard for me to always read everything But the value side of the S&P. Well, let's just take a look at what it's doing. Here's what it is doing It's trained above the top of its daily weekly and monthly profile So from that standpoint, it's above resistance and says that hey, maybe I want to move higher now on a daily basis It's dealing with a swing point from November the 8th that had 1.5 million shares You're already above that with 1.8 million shares That would say you could see an a to b equal cd to the upside now that a to b equal cd to the upside It's not going to take it substantially further from where we're at right now The a point out here is going to be down from September 20 21 the b-point is going to be the high November the 8th the c-point was it probably 0.786 retracement or so back into December 1st And so the 1 to 1 price target is 42 35 you're trading at 41 69 right now Let's pull over the white background charts see if there's any other Information that we can gleam from here. Well the information that you and I are looking at is bullish. What do you mean Stevie? Okay, so we're gonna begin on the trading day of December the 9th see how that oscillator and change someone from red to green what that tells us is over the coming sessions We should see a test of that line and is the test of that line that then communicates to us What its real intent is a test of rejection, which is what we saw on Tuesday as well as yesterday on Wednesday is the signal So no surprise that price is doing what it's doing can it clear that seventh wave signal Can it clear that November 8th high at days? And it certainly has the volume to do that and if it closes below that high that high again 41 72 You're 41 69 right now You should at least retest that because the volume in today's trade So you're up against that resistance that prior high on a weekly basis. I don't have any kind of well I take that back you have a rose momentum indicator top So on a weekly basis price needs to close above 41 72 Otherwise its top remains in place if its top remains in place Perhaps we see some kind of a pullback now on the intraday chart here We don't have any real topping signals to speak You do have a few you've got a TD 9 count top on the 15 Wave number 7 on the 30. You don't have anything on the 60. Well, I'm looking at side. We've got the differ I've got my futures charts up here. So we'll just leave it at that With regard to sp yv. I hope that helps you out to g7 and watch those that high today You've got those two tops out there and so depending on where this closes again We'd like to see a retest of that high, but if you can't take it out It did that you almost would have to say hmm Something to think about the next request. I apologize. I don't recall who requested this But it was to take a look at targe out there tgt is a ticker So let me just get this up on the back black background charts first But as we take a look at target target Oh bad day here and moving back into a swing point looks like with some volume too So the swing point that is trading into all the way down to October 4 2021 Yeah, that had 3.8 million shares you're moving into with 4.4 million shares You're below the bottom of the weekly box You're below the bottom of the daily box I've just formed today and this would suggest that price might be targeting to 1694 2694 happens to be the bottom of the monthly profile So the first thing would have to do is take out the swing point from October 4th hasn't done that that level is 222 88 You're 225 88 right now, but it's moving into that area with volume. Let's pull over the other Charts the white background charts and see what we see so you could see now This is also breaking its breakout level which with 228 32 now I don't know where this ends the day, but right now it's trading below that with bar number 7 So you could get a TD 9 count bottom between tomorrow Friday by the way tomorrow, I'll be recording that show from 8 to 9 So please join me early for that or send some emails in the morning Don't send them today in this afternoon because it just gets I literally I'm not I'm being serious I get thousands of emails and so that's why asking you to put radio show question in the Subject heading because I delete most of them that come in it There's no way to humanly go through each of those out there in any event back to this You could see a TD 9 count bottom four between tomorrow And I know not popular at all. It's called. Yes. I am popular I am the king of junk mail not intentionally, but it's just the way that it is So in any event out here, you could get a TD 9 count But get it out of your system already Stevie You could get a TD 9 count pattern that forms between tomorrow Friday and next Tuesday out there, but let's look at the weekly chart for target What kind of signal does this generate first? So that would make sense You could get a bottoming signal out here for target The reason I say it makes sense is because the weekly is pulling back into breakout support and TD 9 count support So what you want to do is 223 26 is a key level your price closes below that really the number Needs to close below to negate these signals 228 88 your price closed below that then we're no that could that couldn't be right 222 88 yeah 222 88 we get a close below that target is likely headed to 186 74 So I'd be careful here with regard to targe out there TGT is the ticker symbol Steve Rhodes with TFN will be back in just a few would love to hear from you either send me an email Steve at tfn.com or gives call 877-927-6648 You having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex creditor 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 Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our TFN and host live during their shows interact with other Tigers and Tiger's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money-back guarantee and become part of the TFN and trading community TFN educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more check out TFN and Tiger TD and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead TFN also features trading services with a 30-day money-back guarantee for new subscribers as well as TFN's Tiger Den trading room trading software and Educational webinars for all trading levels and make sure you check out Tiger TV for free on TFN.com or TFN's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be TFN educating investors TFN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks For Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30-day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 In our tiger stand we've got a request to go take a look at the prqr That is pr that's pro qr therapeutics And it's got a brand new profile that is formed today dan This profile is kind of hard to see i'm going to turn price off to make it a little bit easier for you to see What is indicating to you and i is that we that this instrument should be inside a consolidation Now the reason that we can state that is because the new profile that's forming Turnoff price is wrapped around the prior profile. So you can see it's just these two these three little dots out here blue lines But see the the bottom of the new profile dan 646 center up at 702 Top at 736 So we've got a lower low and a higher high with regard to profile So it's an indication of a consolidation that is going on in between this so back to the ranch here A price made its way up towards the top of that new profile It was the top of yesterday's profile at the 725 level So it looks like you've got a good old fashion consolidation now prices trading up into the swing point from december 8th It had a million shares. You're only at 199 thousand shares So yeah, I'd say that this thing is not getting ready to take off and catapult to the upside But let's go take a look at prqr on the daily weekly and monthly set of white background charts out here in the white background chart What do we have so for some reason i'm not getting the live feed through it at mind shows 710 This was trading at 702. It's not really going to change anything So it does have a nice td9 count bottom But it looks like all this is going to lead to at this stage here is a bit of a consolidation Now look if price can take out 736 close above 736, you should see 782 out there That's what the daily chart tells us on the weekly basis. What do we have out here? Not much He's got resistance to the center of the profile which also is its oscillator change line the monthly chart looks pretty decent out here But I think right now it's the daily that is going to be controlling things for you dan So watch that new profile between 646 and 736. I hope that helps you out And uh, yeah, I have a beer on stevie I'm not drinking too much beer these days. Uh, the next request, uh, this one coming in from Oops, can't spell that This is coming in from george and george says hey steve. Hope all as well I'm long bowing does look good to you to own this stock for 2022 Well, let's go take a good bowing ticker symbol out here is ba And uh, we'll at least tell you what it looks like today whether it's good for 2022 or not Hard to say but let's go see what it's communicating to you and I so right now This is a trading with inside its daily profile. Yes, they got down testing rejected the bottom george. That's at 190 70 Uh, it's it was testing a swing point that had volume of 13 million shares from december 1st Yesterday's push down was with the lighter volume eight million shares today. You're about four and a half million shares So what does this tell you're below the weekly you're inside the monthly profile? So let's go see what bowing is telling george and steve As of right now. So here on the daily basis What you don't like is prices trading below its red oscillator and changeline So does it mean that it will bust out support? But if you're asking do I see some kind of bottom pattern or signal on the daily timeframe For bowing You know, there probably is an aid. Let me pull this back just a tad further here Um We'll come back to that. Let me look at the week. I'm sure there's an a to b equal cd to downside So I'm sure of that. Uh, so I'm not gonna not gonna but but it needs to Really, you know with this being back below its red oscillator and changeline watch 190 70 You close below that you go back and test that prior swing point and maybe lower the weekly chart out here tells us what So the weekly chart it's below support No bottoming signal and play out here. No bottoming signal on really the daily I did say it's got an a to b equal cd to downside So it really makes that swing point from december 1st george real key level Am I seeing a real reason to hold this? Right now or even when you're asking me what I take a long position in bowing at this very moment I wouldn't it doesn't I'm not saying jettison the position. I'm saying watch the bottom of that profile Another bottom of the profile as well as the bottom of that swing point because if you close below that That's a signal we had lower now price getting back inside the monthly profile Boy, this this could this could run all the way to 146 32 So I'd rather be a buyer of bowing at around 117 66 to 146 Then I would at 192 and that's just simply because we're not seeing any kind of real Uh, great this signals out here. So george, thanks so much for writing in I hope that that helps you out that doesn't mean that it's not good for 2022 It just means that right now in december 16 2021 Uh, we're not seeing it when it comes to bowing. So I hope that that helps you out And I believe that I have gotten through gotten through wow Oh, urban mire was fired. Oh interesting Uh, yeah, I agree with you dan about that, but of course i'm a michigan fan. So it's be easy to to do that Um, but any event out here, uh, they're cozy in essay. So, um, Let's see. I think I've gotten through everything in the tigers and no There was one symbol put in here by g7 sp yg the growth set of stocks inside the s&p Is that correct out there? So just out of curiosity one of those growth stocks? I don't know what they are What's inside those growth stocks, but what is sp yg doing? Well run into resistance today at the top of its daily profile 72 17 was trading into a swing point from back on november 22nd like most of the market out there and Um That had volume of 1.9 million shares you moved into it yesterday with 3 million shares Well, okay, you didn't get up to the top of today. It's going to be it looks like a rejection Of that swing point. That's 1.3 million shares right now So maybe it's not going to be lighter volume lighter volume to be be less than 1.966 out here But it's traded inside the profile likely added back to the 70 79 area It's with inside the weekly profile could make a move to 68 23 So let's just take a look at sp yg and its daily time frame what signals it may have or may not have So you've got that same roads went to mitigate our top just like the dowel has just like the s&p Has a number of instruments out here But what has held with regard to the growth sector of the s&p 500 is its td9 breakout level That's at 68 58 So that would be a real key level to watch if you close below that We probably have a change in trend that is underway the weekly time frame chart has a roads meant to mitigate our top Yeah, so all of this stuff all this stuff all these roads meant to mitigate our tops are signaling to me That uh, yeah that the highs for the year could be in and it could be not just for the year It could be the highs for 2022 are in on 2021 So we really want to be paying close attention To that so I hope that that helped you out I think that we then now have gotten through everything or all the requests thus far But that doesn't mean the request line is closed. It just means give us call it 877 9276648 or send me an email Steve at tfn.com G7 is popular today. Once take look at the xlp the consumer staples area So we'll go ahead and put that up that has been running just like Colgate Paul molliv has but let's put up the xlp the xlp today. What is it doing? It is Going to form bar so just like Colgate really this is just a replication of what we looked at at Colgate So let's just pull over the white background charts out here And that is this we've got bar number nine that is forming today inside of the xlp So that says a top quarter should form between today and tomorrow No, whatever the high is today or tomorrow the highest high doesn't matter which one It does matter. It's just got to be the highest high of today or tomorrow If price begins trading above that let's say Monday or Tuesday Then it tells us about a strong momentum move to the upside. There's also an a to b equal cd pattern. It's in play here And it's beyond the one to one level. It looks like it's beyond the one one level for me This needs a bearish reversal candle So I would say if you get a td9 count top and you get a bearish reversal candle That's a suggestion of a retracement at least and that retracement would take you back to around the 74 34 Level on a weekly basis out here. What do we have? Weekly basis looks fine So it's the daily chart to be watching when we take a look at the xlp The monthly chart looks pretty good out there. So I'd watch the daily the next couple of days of trading They're going to be important for signals coming from it. We'll be right back 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 Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-83222 Or email us at tiger at tfnn.com that's 727-329-83222 call us today The technology around us is changing every day with so much happening that can seem impossible to keep up with all the information David white's investment newsletter the technology insider Is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only $37 and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade la bu Or la bd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv Back up folks. Let's go out to brent in martinus, california brent. Thanks for calling. Thanks for holding. How are you doing this morning? Still mourning for you Yeah, i'm doing very well, steve. How are you? I'm doing great. Thank you. And it's a nasdek that you had called about anything specific I was just going to comment quickly that that gold tree worked out pretty well Just being a little patient and uh Waiting for that to bottom yesterday and then you know going along with that gave us some calls on the on the glg Yes, yeah, my question now is Is there anything on the shorter term? Time frame charts that you know on a nasdek it might show some kind of bottoming pattern I've been watching that I haven't done anything but just kind of thinking that there's a possibility that It's kind of taking a hit here today if there might be something that shows up on your charts Sure Yeah, great question. I'm asking myself that same question. Michael P is asking himself that same question. He's saying hey stevo Should we go short the nasdek 100? So you're asking the question. Do we see any kind of a bottom signal? What we'd be looking for are those intraday time frames. So here in the upper right-hand corner is the 30 minute chart And on the 30 minute chart, uh, this had a td9 count going into 12 30 That was negated promptly in the next half hour session We can't see there's a little bit of a bounce, but there's no a to b equal cd pattern. The bounce is perhaps Driven by the fact that it's 30 minute oscillator and change line change colors So I would expect that that price down line will catch up to each other could be in the 16 104 16 0 37 Ish area, but no real bottom signal on a 30 minute basis. No pattern on the 60 no pattern on the 120 No pattern on the 120 no pattern on the 240 And no pattern per se on the five hour. Now some of these are moving into profile levels. For example The nq on the five hour is at the center of its daily profile. So It's at a support area Maybe just feeds into that 30 minute chart that you and I are looking at new profile That has formed inside of the 240 minute time frame chart now that formed a below price What should have been bullish but prices back inside here So I would say that just takes me back to the daily time frame It seems as if we're in some type of consolidating pattern Could break it out But right now you've got a bullish structure daily profile inside the nq and to the extent you're going to try to take some type of Long position. I'd be looking more in the area of 15 7 29 to 15 8 21 I would say based upon the way these markets are trading. It could be a fairly short term trade out here But that that would be the area. So right now at 145 in the afternoon. I don't see that It's not as clear as like yesterday when we were reviewing the charts before the Fed announcement It was pretty clear in the es in the nq all the bottoming signals on the intraday charts out there We just don't have that as we speak right now Are there questions that you have about these charts that we're looking at or maybe something else that you're looking at To suggest that perhaps there's a bottom No, that's great. That's why I mean I don't try to force the issue If there's not something there that you know kind of stands out as a You know giving us some Indicator that it's worth taking a shot at I'm not going to push it That's why I want to do it if you can bring up the charts as you did to look at it Again, I'm not looking at what you're showing me. I'm not seeing anything in particular Standing out to me that We make me want to do that at this point and not not appreciate it Yeah, and so if I take a look at the russell 2000 just kind of switch gears here a little bit Because michael had talked I had asked me about this earlier You got that nice you say you've got two bottom signals inside the russell And so you've got a td9 count bottom that form back here on the It's the day here. Give me a moment. We'll get the uh That the information that was back on december the first was tested yesterday and held and then you got a nice Road cement and indicator bottom signal But what price has failed to do is take out that red oscillator and change line So this says we could head lower in the russell 2000. I don't have a breakout here No, and it's 30 minute chart slightly different So you've got a td9 count bottom that has formed on the 30 that has held nothing on the 60 uh the 120 You know, you still have the bottom signal. It's a retracement the 240 is a retracement I um Yeah, you know, you'd like to see some kind of uniformity here and we just don't have it just yet So I look at the russell if I pulled up the es mini Brent just to again to look at that just to see if there's anything that shows up here for its multi time frames Uh, you've got a negated td9 count on the 30 nothing on the 60 nothing on the 120 other than retracements of the moves out there So i've just not seen it just yet So we could see lower prices throughout the day and that spot ball of till next which is back above its 50 day expense moving average You know is another indication of that so it's not that the markets can't bounce a rally from here. I've just not seen none of the charts No, I appreciate that steve and I I guess yesterday it was kind of you know We all got to see the manager that and that kind of gets yesterday stuff You don't know it's get it every day. It's like that. That was that great yesterday and today's Yeah, and right now the way these markets are trading. It's kind of like yesterday was the new year's eve and today was the Oh, I had too much to drink to hang over Exactly exactly All right, thank you so much You have yourself a wonderful day and I always appreciate your help You bet my pleasure. That was brent in martinez, california. So we got the dow that is trading the upside Why don't we just go since I've looked at the three of the four equity future contracts out here Let's just go see what the dow signals are again. It's some multi time frames that we're looking at So in the case of the dow Out here, you've got a td9 count top price is testing that td9 count breakdown resistance at 35 900 You've got a rosement indicator top on the 30 now the dow is stronger than the other indices Look how price has just pulled back to test support. That's its breakout level of 35 8 24 It's held the breakout level after td9 count top on the 60 minute chart td9 count top on the 120 And it's held the oscillator and change line You've got a rosement indicator signal on the 240 price has held its oscillator and change line As has the five hour chart now the five hour chart doesn't have any real topping signal It's got the prior top the td9 count top from back at 2300 hours back on december the 12th out there So that top is still in place, but the dow You know if the other markets could turn up and give us those bottoming signals here Here we've got support that is held across the board. So the dow is uh, the dow is trading Well, if we were going to break out now, of course the dow has to take out that all-time high from november the 22nd I believe it's november 22nd. Let me just confirm that here for us That is yeah, uh, november. I take that back. It was november the 8th That's the high that the dow would need to take out the dow cash the dow equity future contract, which said 36 330 out there. So we really have as I mentioned We've got tops or maybe I didn't mention it But you know, I typically don't I show this chart when we do the two o'clock update But just to kind of keep things in perspective just to pinch ourselves out here the dow Jones industrial cash index out here We take a look at it a td9 count top now What I would really like to see this is different than what we've been talking about I'd really like to see some type of rosement indicator top form on the daily time frame Doesn't have to because there is one that's on the weekly chart out there, but every single bear market Recorded through history Has always begun has always had a rosement indicator top Not every rosement indicator top has turned into a bear market But every single bear market going back to 1896 that was as far back as my data went Every single one of them had a rosement indicator top for the daily weekly or the monthly time frame does not have to have All three doesn't matter which one it has it just has to have one of those out there But here's we take a look at the topping pattern the dow's got got that in there Now on the cash in to see prices trading above that td9 breakdown resistance level of 35 952 And that would suggest that it wants to go make a run for that high That's really what we were looking at in essence with support holding on the dow's equity future contract intraday charts The ndx 100 a rosement indicator top the s&p a rosement indicator top the russell 2000 We have to go back quite a ways, but we can and what kind of top well, it's got wave number seven So it's got a wave number seven top and a sell the d-point a pattern out Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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Petersburg, florida The investment is for four years paying 7 per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage The target first mortgage program may be just the program for you The target first mortgage program pays 7 per year paid monthly 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 and hit watch tiger tv Good back folks. So we've got a couple requests. Let's try to get to those. The first one was plug Actually, what we're gonna do here is just go to the white background charts. We only have two minutes So let me just be efficient. Uh, not that i'm not efficient, uh, the rest of the hour But if we take a good plug, I believe marie is looking for a bottom out here. I don't uh Oh, you don't see the charts. That's a problem That's a real problem. So let's get these charts going. So marie on a daily basis I do not see a bottoming signal in fact I see more of an a to b equal cd to the downside if I look at the week That's a daily time frame. So it looks like 2608 at a minimum That's not going to complete the a to b equal cd pattern out here But 2608 is the next level of support. I know that you're looking to buy plug I don't see it right now. I just don't see the bottoming pattern or signal out here So I would be patient on that the a to b equal cd to the downside Let's just see was this swing point passed with volume 19 million shares and it was passed with 20 million shares. Yeah, so you've got it confirmed a to b equal cd to the downside Inside of a plug now that's going to give us a price projection So it's not going to hit this right away over time. That's going to take us down to about 21 bucks 2607 is the next up bottom of its weekly and 21 55 is the top of the monthly chart That's where I would be looking at plug rare requests to take a look at conical filp C. O. P. Is the ticker symbol out here Um, I take a look at conical filps. What do we have right now price is trying to take out the top of its bearish structured daily profile If we can do that that's at 72 59 you're 72 72 That should at least get a run up to the highs from December 7th into the 75 area And then the last one was to take a look at tele doc t doc is the ticker symbol as we pull this over here Take a look at its daily timeframe. But that's the potential to form a bottom It's got a roadsman dominicator signal out there I would wait for a bullish reversal candle before I would step into tele doc Otherwise, it looks like it continues to add lower the weekly chart does not show any kind of a bottom signal That could suggest to move down to about 81 30 folks. Thanks much for joining me on terrific Thursday, please join me early tomorrow morning We'll be live. We'll be starting at 806 in the morning till nine We'll make the show as pertinent as we can for you today. Have a terrific Thursday a fantastic weekend. Hopefully we see you tomorrow Be safe out there