 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 terrific Thursday, the March 24th edition of today's Trader's Zend 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. I hope everyone out there is having a great day. Let's make sure we have an extraordinary one and the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, well, it means we can find the gift. In every set of circumstance, that life is going to toss at us. Now today, you and I are going to go check on the circumstances of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, 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 877-927-6648. If you can't dial in, we've got you covered there too. You can always 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. And 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 LUS Show. All right. I've got all US indices trading in the upside. Now is up 198 points. S&P 38. NASDAQ 184. Semi the Russell's up 12. Summai is 131. That's nearly 4% to the upside. Gold's up 27 bucks. One and a half percent. Silver's up 3%. 76 pennies. Lightry crew back nearly 2% or $2. And 10 cents to the downside. 1282 is the print. Natural gas up 15 pennies. Trade down to 542 and the 30 year treasure down 7 ticks. Trade at 14910. Lead the charge. Dollar wise, the upside. Booking holdings. 87 bucks. 4% Google. 33. One and two tenths percent. Micro strategy. $26. Nearly 6%. Monolithic power systems. 5%. 22 bucks. To the downside for citizens. Bank shares up 28 bucks. 4%. E-PAM systems. 18 bucks. 6%. Amazon 14 bucks. 4. 10%. Top build corp. 11 bucks. 5%. Monday on a Thursday is down 11 bucks or 6%. Of course, I want to look at what you want to look at. I don't know what that is, because we have, oh, we do have a request. Let's save that request. Let's go take a look at the general markets here. First, just report back to you about the new profiles that it formed. And so now we've got, now when I say they formed, there are two that are attempting to form. Two that have already taken hold. The two that are attempting to form are in the ES and the NQ. So we now have new resistance and support levels. Resistance for the ES mini. 4514.75. It's a bare structured profile. Will not be confirmed until 601 this evening. Let's assume that it stays as is. The resistance level again for 4514.75. A close above that says we head back to the recent highs. The recent highs in the 4560 ish range out there. If price were to close below the center of the bare structure profile, that number is 4437. That's what you'd be watching for during the day today. If there was a close below that level or overnight, then that's going to signal and move back to 4322. In the case of the NQ, that's assuming that the profile does take hold this evening. Same set of scenarios here with the NQ. And what I mean by that is that the NQ has resistance at the 14690 level and supported 13991. It's hard to see the center, which is at 13431. So it's a slightly bare structured profile. A close below 1314341 would suggest a move to 13991. Woo! Now, the two profiles that actually took hold last night are in the Dow and the Russell 2000. The Dow's new profile, the top of which is resistance, is 34792. The bottom is at 33906. It's a relatively equally weighted, distributed set of profiles here. So no edge to either the bulls or the bears. You can't see price right now today dealing with the descending trend line. In the case of Russell 2000, both structured profile supported between 2022 and 2041 and resistance at 2097. So that's all I've got with regard to the new profiles out there to assist you with regard to your trading. So now let's go to our first question. We don't want to get behind on these. We don't have much in the way of questions here. Let's go do this anyways. And this is from David H. in Toball, Texas. And David wants to take, like really two instruments, Sandridge Energy. Sandridge is an independent oil and gas company based in Oklahoma City. Please include over resistance areas in your analysis. If you have time, please take a look at Mosaic. Well, the answer to your question here, overhead resistance, that's going to be simple. Well, the real overhead resistance is 1705. Now we're looking at the black background chart. 1705 on the daily timeframe is a bearish shooting star candle. That actually confirmed a roadsman, roadsman, dominicator top. And then on the weekly timeframe, 1705 happens to be the confirmed top for its Three River Evening Star candle formation, or even the bearish sash candle that happened the day before. So your real resistance level here in Sandridge Energy David is going to be the 1705 level. If you close above that, then where do we head to? That's a great question. I would just simply take a retracement view of the longer term chart, the monthly chart out here. Let's take a look at that retracement level from high to low. Let's see where we're at in the move. We're right around the .608 area. So close above 1705 would then signal move to the 2125 range. David, there is some profile resistance that exists at 1609. That's what you're dealing with right now. That is the top of the daily box out there. So close above 1605 or 1609, I should say, would signal move to 1705. What else can we share with you? Let's just go take a look at the eight panel set of charts out here, the white background chart. See if there's any additional information. Now you can visibly see the weekly roadsman dominicator top, the daily roadsman dominicator top. You can see the price is also above the oscillator and change lines for both those timeframes. So that says that what the overall signal inside of sandwiches is neutral. Valid top, price above support, green oscillator and change line on the weekly basis. It needs to really close above support, the 1609 move on the daily to give you that neutral signal. But because it's still trading about that green oscillator and change line, we're going with neutral. Anything else out here? 15 minute chart just to show you price reactions, the way these things work and these tools, you get a roadsman dominicator top. It sends price back to the TD9 breakout level of 1551, does that form far number eight of a TD9 account, forms a TD9 account pattern. Price should go target 1604 and above 1604, you're looking at 1627. So I hope that helps you out, David. Let's go take a look at you wanted mosaic. Let me try to populate this white background set of charts out here. See how quickly we can get that accomplished here this afternoon. And so if it takes too long, then I will go with game plan B. But your questions with regard to mosaic, we're just simply looking for resistance. So in the case of mosaic, it's trading above all resistance, profile resistance, that is. So daily, weekly and monthly. So now let me just pull back the monthly chart, see if there's anything that we can see out here for resistance. And I'd have to say the next price target for you takes you all the way back into the 2011 timeframe. And that's just simply a swing point from February. And so that next target area, the next really resistance level on a monthly basis is 89.24. So you've got that for the monthly timeframe. Let's take a look at the weekly, see if there's anything that pops out here. Pull this back. Nothing that I see out here. I'd have to go back even further. No reason to have to do that. So David, the 195-minute chart has a valid TD9 count top. And I would say if there's a close above that high, which is 69, 65, that would suggest that price continues. Let me make sure. Is that the right price? No. Yeah, 69 to 65. You get a close above that. And it says that Jose continues to motor to the upside. We'll be right back. We'll be right back. 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Level the playing field with the TAS Profile Scanner, which you can find under the Services tab at tfnn.com. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance. We speak right now. So I do hope that helps you out. Thanks so much for writing in. A quick peek at the other requests coming in. Dennis G writes in and says a short-term outlook for a few weeks on the QQQ. Yeah, so that's an interesting one. Let's put the QQQ series here. So here's what I'm going to suggest to you. In the case of the QQs, I'll be paying attention to the NQs out there, the futures contract. The futures contract, as we had mentioned, has formed a new or is attempting to form a new daily profile. So I'm going to actually change. I've got the Qs up here, but Dennis, I don't make my decisions based on what happens from the Qs. When I take a longer short position in the indices, I pay attention to what's going on inside the equity futures charts because of the patterns that they form and because pattern recognition is about price discovery, volume, small you. It's about price discovery. Volume is important, but it's only one leg of the stool out there. We're looking for patterns. And I want something that trades nearly 23 and a quarter hours of the day. So I would never, I'd never, did I say never? I mean, I never make my decisions about the indices based on what's going on inside the index ETFs, like the Qs or the RSP for the equal weighted out. If they're important to take a look at it, and we do take a look at them, but instead I would just simply go back to the NQs. Okay, so enough of that dissertation out here. What window are we on? We're not on the right window. So I just want to come back here because I really believe that this answers your question with regard to the timeframe that you're looking at. Now I can't tell you whether it's the next two or three weeks, but I can share with you. And you're looking at the bottom right-hand panel screen out here. This is DB's synthetic version of the contract. So you don't see that profile forming here on the June contract. That is to your left. But let's assume that this takes hold, and we won't, we'll know that at six o'clock this evening. Then your range out here is really between support and resistance. And the range is resistance at $14,690. Again, if price takes that out, that is bullish. And that says that we had higher. Price can't take that out. It could be a consolidation. It could take you back to support, which would be $13,991. So right now that's the range that we would have. We take a look at the NQ. I don't have a new profile that's forming inside of the QQQ series ETF. So I do hope that helps you out with regard to the Qs. But right now, oh, you're done this here in West Palm. That's great. We've got a neighbor out here. So I really just be paying attention to those profiles, and tomorrow we'll make sure that we go back and confirm whether or not those profiles have in fact taken hold. This next question coming in from Mark D. And Mark wants to take a look at UEC. So let me get UEC fired up here. Get those going on those white charts. And I'll stay to the black panel. I think that's where we're at. Yeah. Let me get to our three timeframes. We'll type this in here, UEC. See what UEC is. It is Uranium Energy Corp. OK. So in this case here, Mark, what you're dealing with, oops, sorry about that, you're looking for a potential entry area. All right. So we're looking at the black background charts. You can see that price is taking on the resistance level at the top of its daily profile. First, before we even look at the white right charts, what will do we get back here? Your entry zone on this is between 372 and 428. I know it's a wide range, but it is what it is out there. We'll come back to this break. We'll see if there's any other information we can provide to Mark D. 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. 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Dave delivers his weekly newsletters every Friday, with updates throughout the week. You can get The Technology Insider at tfnn.com for only $37.50. Sign up for Dave'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 Chairs carefully before investing. The Perspectus and Summary Perspectus contain this and other information about Direction Chairs. To obtain a Perspectus or Summary Perspectus, please contact Direction Chairs at 866-476-7523. The Perspectus or Summary Perspectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com. Then hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV. Good back, folks. So just to finish up, UEC, before we go to Ron and Denver out here, and this is a mark looking for an entry point, mark the 195-minute time frame chart. Use a 195-minute time frame chart, because that's two equal time frame bars during the day out here. We see a TD9 count top and price below its oscillator and change line and below the, and so the first target area. So this may signal a pullback here. Now pullback, the first, your entry points, they gave them to you on the daily time frame. On the 195, they're 386, 398, 401, and 432. Those would be the levels. I'd be looking at some kind of pattern as prices point back into that area if, in fact, it does. So I do hope that helps you out, and thanks so much for your request. Now, let's go to Ron in Denver. Ron, thanks for holding for so long. Much appreciated. How are you doing today? Great, Steve. I also sent you an email, but on a company, Alpha and Omega Semiconductor, fundamentally, they're earning $1550 a share or the EF4. They sold some puts on it. I just wondered, for the next couple of weeks, I was wondering, technically, what are your thoughts? So you missed, yeah, yeah, yeah. Sure, so we had covered that earlier, but let me do that for you here right now. Yeah, no problem. So first of all, with regard to, let me just restate it. First, I'm going to give you the numbers. It has two different topping patterns. Yesterday was a confirmed sell the D point, and that was because it generated an A to B equal CD pattern, and yes, it was a shooting star, very shooting star. So 67.20 is your resistance level. If price is able to close above that, then price should go target the next area, which is about 71.34. If this takes hold, then what AOSL should do is pull back the testosterone change line, which is currently printed at 56.94. The monthly and the weekly look very strong. Now the weekly is trying to take out a resistance level run that formed with the Roadsmith indicator top the week that began January 3rd, 2022. And so a weekly close of about $64 would also be bullish, but really it's got to close above 67.20. The stock chart looks great out here for those time frames, but you do have that confirmed daily top, but not until that high gets taken out, does this suggest that it continues to move higher. What additional information can I provide to you about AOSL? No, that's the information I was looking for. 67.20 be resistance and hopefully you can break through that if it doesn't, okay, I'll watch it accordingly. Perfect, perfect, that's great. Hey, Ron, thanks for holding, I really appreciate that. Sorry for overlooking that. Okay, thank you, sir. Appreciate it. You bet. That was Ron in Denver. Let's go to our next question out here. Well, there was a question to take a look at the GDX. So let me get the GDX up on my screen out here. We're gonna get to the black background screens. There we go. In the case of the GDX out here, we can see that it's dealing with the resistance levels, two real, three resistance levels. They're all profile areas. I think this was for SNP and the Tiger's Den. SNP, your first resistance level is 3903, top of daily profile. 3912, top of the weekly profile. 3986, top of the monthly profile. There's really not a whole heck of a lot more that I need to do with regard to the GDX. Yeah, though I don't know what the question was. Can I find that question? It might have been just a take look at the GDX. I'm sorry, there's, it's hard for me to follow along sometimes with all the postings that go inside there. So if there's some other question that you have about it, but that's where resistance is at. By the way, last time Price traded up in this area was back on the trading day of the eighth that had about 80 million shares. You're only 15 million shares today. So it's moving into that swing point with some lighter volume out there. The next question coming in from Joe. Joe wants to take a look at Tilray. Absolutely, TLRY is the ticker symbol. I'm gonna get that fired up on the white background charts. We'll also get it up here on the black background charts. And the question is, can you take a look at Tilray for a long position at current price under six bucks? So Tilray, why didn't it do that? There we go. So the interesting thing about Tilray is it's giving you the bottom, the real bottom signal is coming from the weekly timeframe chart. The weekly timeframe chart generated a rogment to indicator signal last week. So you've got a nice bottom there. It didn't get, well, I take that back. We actually now have a confirmed rogment to indicator bottom on the daily timeframe. That occurred with this bull sash candle on March 22nd. And then yesterday Price closed above, see, what was the close? 589, top of the profile, 572. So this is gonna be day number two, it looks like with a close above the top of the daily profile. Says Price, it had higher. Now, you've got a battle. Your next battle is gonna be at 678, bottom of the weekly profile. If Price can get inside there, then your next battle is gonna be 776 to 825. So Tilray looks pretty good for, let me just put the white charts out here real quickly for you. Thank you, windows. Give me a moment. There we go. There's the white background charts out there. So any of you have got a TD9 account bottom on the monthly timeframe. So Tilray really is giving us a signal that it's bottom for multiple timeframes out here, but it's got some battles up ahead. And we've already shared with you what those areas are. The other is one other battle. When I look at that 195-minute chart, that's at the $6.12 area. So Tilray just dealing with some resistance levels out here, but otherwise, all looks good. And that was for Joe. Joe, thanks so much for writing in. Next question coming from Eddie. Eddie, if you've not already done so, can you take a look at Apple and Nvidia? Let's go take a look at NVDA, see what it is doing out here. Give me a moment for this to populate. And as far as Apple, as far as what it's doing out here, Apple is likely targeting 178.66. So 178.66 is the top of its barestructured weekly profile, Eddie. It's above the top of the daily. It's above the top of its monthly profile. So that's what's going on with Apple trying to kill two birds with one stone here. The one stone is letting these white background charts here populate. So now we've got them populated for Nvidia. What do we know? We've got a monthly TD9 count top, prices held support, which was a profile level as well as its green oscillator and change line. On the weekly timeframe, Nvidia has a TD9 count bottom, I believe, was bar number eight that formed that bottom. It is. The price is above, as we said, the top of its weekly profile, it's green oscillator and change line, 324.19 is its target area. Nvidia for the daily timeframe, today's going to be bar number seven. It's running into resistance. That's at 285.95. If you can close them up 285.95, that's a bullish thing. But today's bar number seven. So Eddie, you could see a short-term top, a daily top forming Nvidia between tomorrow, Friday and next Tuesday. So we'll have to come back to that probably on Monday to take a look at that. So there's your two fur that takes care of Apple and where it's headed to as well as Nvidia. Let's get to our last question out here. Steve, do any major indices look to go short? Well, Vic, that's a great question. And Pao Steve, you're going to answer that question. I'm going to answer it this way. We're going to take a look at the daily timeframe for the equity future contracts out here. What you're going to notice is the only one that has a valid topping pattern is the Dow. Now the Dow equity future contract because of a couple of trades at the end of its session yesterday, push price just above the close of bar number five. You do not have a TD nine count top of the Dow diamonds. You do not have it in the Dow cash indices. You'd like to have some kind of a unanimous vote. We do not have that. You've got a new daily profile that's formed inside the end queue. I'm sorry, inside the Dow. And the top of that profile is at 34,792. That would be the area. That would be the best reward risk to try and take a short inside of the Dow anticipating that it's going to find support at 33906. We don't have topping patterns in the other indices out here, equity futures contracts. They're going to form bar number seven. Well, I take that back. The ES and NQ are going to form bar number seven today. So how would I deal with this? Maybe they'll form TD nine count tops too. But that says that it wouldn't be till tomorrow where you get bar number eight but you're going to get bar number nine on Monday as well. So you may not have a short here until the early part of next week. We'll be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. 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So Apple's gonna form bar number seven today of a TD9 count. So again, that suggests that you could see a market top. That's really what the question was about. You could see a market top that forms between tomorrow and Tuesday of next week. Let's finish out the show for one of our dinners. Watch, take a look at Verizon. When it comes to Verizon, I'm gonna give you one number to really pay attention to. Now it's trading at 50.97. 50.48 is the number. Your price closed below 50.48. That happens to be the monthly profile low or bottom of the profile. If a price that closed below that, this suggests lower price. Now you say lower price to wear over time, lower price would be 43.79. So you need to watch 50.48. In this case here, price is tested to reject that red oscillator and change line. So long term, this is not a good signal. However, you do have support at that 50.48 level. So that could hold or should hold. You've got a daily TD9 count bottom. That tells you the level to be watching there is that low, which is 50.80. That says if you closed low 50.80, you're headed lower. But we got 50.48 still on the monthly timeframe that you really wanna be taking a look at. So it doesn't look great here for Verizon. I don't really see anything else out there. You do have the potential of a bottom because you had a TD9 count four days ago. But it really doesn't look good for the weekly basis. It doesn't look good. TD9 count bottom, but watch 50.48. So I hope that helps you out. And I don't recall, I apologize. I don't recall who had made that request. But we got through all the requests. And that is a bonus. That is wonderful. Quickly, what to take a look at. I don't really know. Let me see here, go back to our main screens. Folks, I say right now, you've got these new profiles that are forming new profiles and support and resistance. We covered those at the beginning of the show in the ES, the NQ, the YM and the Russell 2000. So those are really the levels to be watching to help give us a signal as to what the next intent is. The one that's closest to resistance right now is the NQ, which is the top of its profile. And that's at 14690 or trading at 14667. The ES is not too far away. It's trading at 4491 and 4514 is the top of its profile. Folks, have a terrific Thursday. We'll see you tomorrow at one.