 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 from TFNN. Welcome to the September 23rd, the magical Monday edition of today's Traders Edge show. I'm your host, Steve B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Well, everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. And the easy 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, it means we can find the gift in every set of circumstances that life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what the buyers and the sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but way more important than that. I'm going to be back in about 60 minutes. I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. If you can't dial in, we've got you covered. Let those fingers do the walking. Go ahead, send me an email, Steve, at tfnn.com. Inside the subject heading, please put radio show question, of course, in our Tigers Den. Well, any ping will do. So let's go ahead and get this show started on a magical Monday. Of course, this is Tiger, Steve Rhodes, welcome to less show. Right now we got the Dow trading to the upside, 21 points, not a big deal. It's basically flat. The S&P is up two points, also flat. The Nasdaq 100 up one point, flat. The Russell 2000 up one point, flat. The sex, the sex, the sex, yep. And the socks, which are when you prefer up one and four tenths percent out there. So lead the charge of 22 buckaroonies trained out at 1585. New York Stock Exchange flat, Wilshire 5000 is flat. Trainees are flat. They're down about a half a percent. 44 points. Nasdaq Composite is flat. While the Spotball of Totex is down 24 pennies trained out at 1508. Lead the charge the upside. It's equinix, dollar wise, 16 bucks. Boston beer up 12. Chipotle up 12. And Price Smart up 12 as well. To the downside booking holdings, 15 bucks. Netflix down seven and change. Amazon seven and change. Mercado Libre, the double, six dollars and 66 cents. So let's go ahead and begin our session here. Just simply by taking a look at the markets, we have some requests out there. Maybe as we look at the market, some of these requests will be answered. So let's take a look at what the markets are doing by taking a look and beginning with our set of daily profiles for the equity futures contract. So what you're looking out here is at the four, the ES, the four horsemen, the ES, the NQ, the Dow and the Russell 2000. What do we know about the ES mini? Well made another attempt this morning to get above the top of its daily box out there. 3008 continues to prove to be stiff resistance. The actual high today so far, 3008.25. We're trading right now at 29.95 and a couple of ticks out there. So resistance is held. That's what we know for the ES mini. Support has not been tested. Support has not been busted through. That would be 29.72. The NQ continues to retest the breakout area. The breakout area, if you watch this on Tiger TV, you're going to see two rectangular boxes out here. The solid one is the consolidation. The dash rectangular box is the measured move of the consolidation, which takes you up to 80 to 15. There's not anything in the charts here just yet that suggests that that is not the target. Likewise, inside the ES mini, the target is 30.78. Granted price is stumbling at resistance areas, but support has not been broken. Now, in the case of the Dow Equity Futures contract, that's kind of an interesting scenario because price did close below the bottom of its profile on Friday, the bottom of the profile being 26.924. We're trading at 26.943 right now. Remember, Stevie likes to see follow-through. So it's not just the first crush through support or resistance. It's not day one, although day one can be a signal, but really it's about the follow-through. Now, I don't know where the markets will end the day, but if the Dow Equity Futures contract, YM, closes below 26.924, you won't necessarily have follow-through to the downside, having made it lower. I don't know where price closes, but if it does close back below there, there'd be follow-through enough to say that old support has become resistance. Again, the number 26.924. Now, if you take a look at the Russell 2000, the Russell 2000 trading within its breakout consolidation, price on Friday really closed at the bottom of its daily profile, 1561. That area was tested again today. So far rejected, rejected. So watch 1561. If price does not close below that, the interesting thing about the Russell 2000 is that today's low is a slightly higher low than the low from Friday. I can't say that about the ESMini. I can't say that about the NQ, and I cannot say that about the Dow, nor can you. But so as Artie Johnson might say, very interesting. What is the message there? Now, oftentimes when you can't bust through a low, well, you can't bust them down. Things will try to bust them to the upside. So 1561 is going to be a key level to be watching inside of the Russell 2000. No new profiles, guys and gals. We still are living with the profiles from last week. If we take a look at market breadth out here, if we look at the New York Stock Exchange, it is still positive. The advanced decline oscillator that is panel number two, still above zero. The reading right now is 2935, and then the very bottom panel, spot volatility, and it says below the 50-day exponential moving average. That puts us in a bullish kind of bias. So what do we know about market breadth for the New York Stock Exchange? It is bullishly biased out there. What do we know about the spot volatility index? It is bullishly biased. What do we know about the market breadth for the S&P for the NDX100? Well, right now as we take a look at it, we can see that there are basically, it's a coin toss. Now granted, there are 24 constituents trading above the top of the box, and 26 trading below the bottom of the box. I don't call that a clear victor for either side out there. Either the bulls or bears, but let's be objective here. The bears have a very slight edge here with regard to the market breadth crossover. So we're going to call the NAGSTEC 100 as of 1.13 in the afternoon. We're going to give that one kind of a neutral signal, not kind of a neutral signal. If we take a look at the S&P 500, a better indicator for the wider swath of the market, still in bullish conditions. You have 154 issues trading above the top of the box, only 83 below the bottom. These are the daily timeframes that you and I are looking at out here. So what do we know about market breadth? It's leaning towards the bulls as we speak at 1.14 in the afternoon. However, leaning towards the bulls means what? Because I ain't going to give you any bull out there. What I'm going to give you is the message of the markets. And right now, what we're dealing with here is it has to say kind of an upper level consolidation. Now be careful out there. When you say upper level consolidation, I don't know why you need to be careful. But if you just take a look at this chart, it just kind of lays things out. It's the Keep It Simple Stevo chart. Spotball at 2-Dex is below the 50-day exponential moving average. Generally speaking, bullish to sideways. Yes, in the Spotball at 2-Dex, above the 50-day, the message of the markets are bearish for the most part until the bottom is made in the market. So we know how to find bottoms. Steve Rhodes with TFNM will be right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNM.com today and you'll find the TAS Profile Scanner under the Services tab. Sign up today. You're a panelist at 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 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 83 22 or email us at Tiger at T F N N dot com. That's 727 329 83 22 call us today. Many of our new listeners have heard about the Tigers dead. The Tigers dead is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere. You're all of the T F N N shows. Plus see all the charts as they happen live and have access to archives of all of those charts. You can test drive the Tigers then absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money. T F N N has launched our brand new website. You can still visit us at the same T F N N dot com URL. But when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new website at the same time. We'll be right back. I'll see you next time. See you at the besters. Call now toll free at 1877-927-6648 internationally at 727-873-7618 folks. Hey, let's go out to Jupiter, Florida and speak with Bill. Bill Thanks for calling. Thanks for holding. How are you doing this afternoon? Doing well also. So tell us what you think. We certainly broke in the 1528 90 level, which I think was pretty substantial resistance. But it just seems to be. I don't know what I'm I'd be curious what your thoughts are. Seems to be almost consolidating above that level. I don't see it necessarily breaking out. Yeah, so, uh, yeah, so gold is consolidating in between support and resistance right now. So let's look at a couple different levels out here. The first levels, which are really important are Taz daily profiles. And so the bottom of that box bill or support, I should say would be 1499 50. The center of that trading range is at 1506 90. So the center line of the box much closer to the bottom versus the top, which is at 1536 60 and therefore this is a bullish structured box. It should be no surprise for you, but it's at 1536 60. The actual high today so far 1531 50. So you're you're absolutely correct in your conclusion that gold thus far has not broken out. Now if price were to close above 1536 60, we would have to say the opposite, especially if there was two closes above that level. But right now what gold is doing is just consolidating between support and resistance and inside this profile. It has been communicating to us that resistance level or the top of that profile at 1536 60. At the same time as we take a look at the December contract for gold, we can see that price is trading right into Stevie's green line. It's called the oscillator and change line. Now that is priced at about 1530 right now. Gold is trading at 1531 40. So it's another level of resistance. Looks like today will be day number six of a TD set up nine count pattern out there. That just means that we're going to be paying attention to it in a couple of days for potential topping signal. But right now gold has has topping signals. Price is not broken down per say it would need to close below 1499 50. And until it does so, maybe we're just going to see a consolidation move going sideways in between its profiles. If we also take a look at how gold is trading at the same time, we're just going to see some of the currencies out there because I know Peter would have that question. We can see that the price of gold is higher in euros in yen in pounds out there. So it is moving higher in all currencies back to the dollar front. It's still going to be the top of that profile that it will need to bust through. Now with regard to is there a big flow of capital? Where is the global flow of capital going just in that short period of time? And there's really not a substantial winner out here. There's a substantial loser. Well, if we take a look at the bottom. So what I am doing here with this set of tools bill is trying to take a look and understand it since that time period since that bottom of 27 days ago, 26 27 days ago. Is there a big flow of capital going to be the top of that? There's a significant loser. Well, if we take a look at the Dow priced in dollars, it's up about 6% in terms of euros 7% in terms of yen about 7% in terms of pounds only about 2.5% But when we compare what's going on inside US equity futures contracts, whether it's a dollar or the S&P we can see that actually the DAX is a bit higher in terms of dollars. When I say US markets, but nothing substantial. The FTSE, nothing. The HANG saying nothing. When I say nothing, they're well below what the movement inside the US markets are. If we take a look at the Shanghai about even Stephen out there in Australia about even Stephen, emerging markets slightly higher about 7.5% gold flat in that same 27 day time period. So we're not seeing a rush to capital there. Treasury bonds actually going down in that same period. Flat to actually slightly lower out here and lights we crude is up about 6%. So there's no big winner that I see. No big predominant global flow of capital in just this last month or 27 trading days out there. So back to your question on gold and I just had, you know, kind of went into understanding the global flow of capital since we were looking at it with the US equity markets. You know, the US equity markets today still overall the consolidation is the name of the game for Goldilocks right now, as well as the US equity markets. Wow, terrific Steve. Great analysis. Thank you very much. You're welcome. Anything else that I can do for you? No, that was very good. Very helpful. Thank you. You bet. Always good to hear your voice. Thanks so much for joining us. And so let's go take a look at those. One of those questions. Excuse me. Coming from Bill who wants to take a look at the semiconductor index, which is up nicely today. 21 points up up trade out at 1584. So Bill and everybody else that's watching us on Tiger TV. Please do me a favor. Ignore the task market profiles on this chart. I don't feel like changing all of my charts at the spotball utility X formed a top with a TD set up nine count. That will happen on either bars eight nine to the bar following bar nine. In this case here on September 12th, it was the bar following bar nine since then we've seen a move lower out here and on Friday what we saw inside the semiconductor indices was a close below Stevie's green line. Now what's occurring today. It can occur between the two lines. So Bill that line is at about 1594. It looks like. Maybe it's 1591. So well, I can tell you how I can tell you. Is that great grammar or what I can tell you how I can tell you the easy way bill is just do this. Let me just pull over my daily and weekly levels out here, even though it's got the fine. Oh, that's a good idea. And since I don't have that going. Well, no, I'm not going to do that during the while we're live on air. Um okay, so we got that. Let me switch back to the other charts. It's right around that 1591 1594 level out there during the break. I'll see if I can figure that out for you specifically. Um actually, I can figure it out right now. Let's let's not wait to the break. The number would be 1591. So now watch that level. If price can close above 1591. 22 Man suggests going back and maybe retesting those highs out there. If not something more, if we take a look at the weekly time frame chart here for the semis, what do we have well last week was a bearish reversal candle confirming the roads momentum indicator top, but again here on a weekly basis, prices not below Stevie's red line, which is just tells us really fill more about a consolidation. We've got these valid tops, but price not breaking through key support levels. That's my read here. When I take a look at the semis only in wave number say to the upside and of course Baz will have us believing that no matter what. I can't say no matter what, but look for wave number four. If we take a look at the monthly time frame chart will speak of the devil, not that much, but no real, you know, just just this consolidation chop bill. That's what I see when I take a look at the daily weekly and monthly time frame for the semiconductors top ish patterns, but they can't push through support. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trade that we tigers and tigers share. If you're looking to become the best of your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, timer digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer digest also ranks me as the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading, this is the perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options. David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this time. The path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters for all the details and to start your 30 day free trial today log on to TFNN.com now. This is David White with the 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, ABCs, butterflies and much more. The Art of Timing the trade charts allows 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. 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, folks. So we're going to go take a look at SLAB, which is Silicon Laboratories out here. If we take a look at the daily, weekly, monthly time frame charts out here, we're going to see that price above resistance for all three time sales for those time periods. Everything looks pretty good here. Of course, we can see that prices trading up near highs. These may be all-time highs out here. We've got to go search our other charts to see what kind of signals we have for the slabby one, Silicon Laboratories. If we begin with the daily time frame, we can see that price had been moving higher, doing less relative energy. That signal generated back here on September 14th and a couple of weeks ago, we saw a huge bearish reversal candle. So what's that tell us out here? It tells us about a valid cell signal. Yet, that price is not being able to bust through any kind of level of support. A key level of support here on the daily time frame for the slabby one would be 10645 out here. We know we're trading up towards resistance, but that's really about it that I've got here. So what that says to me, Bill, is that what we should do is go look at the volume. Today's kind of a wide, not kind of. Today's a wide-ranging bar thus far. The volume behind the move is 114,000 shares. And it's trading into the swing point that had 388,000 and 219. So it doesn't seem like slab right now has got the volume right now as of 1.32 in the afternoon. Doesn't look like it'll be today necessarily. If we look at the weekly time frame chart for slab formed a real nice bottom back in the January, December time December, 2018, actually December, 2018. That's that roads momentum indicator bottom. This is how markets sometimes form tops or bottoms. This case here a bottom. It's a beautiful pattern out there. Not the kind of beautiful that our president uses. It's a beautiful pattern. It's got four words and then I think he does beautiful, great, big, you know. In any event, don't don't get me up track here. But what we do know is this did make a beautiful bottom out there with that roads momentum indicator signal looks like this thing on the weekly chart wants to at least get to that fourth wave out there right letter and it's it looks like this would be wave number six. This is going to be going to be a pretty hunky Dory to me out here. No topping signals bill that we see there. If we take a look at a monthly time frame chart. Yeah price is moving higher doing less route of energy, but still no bearish reversal candle. Also looks like this is going to be month number six of a TD set up nine count. So my prognosis for slab or silicone laboratories is lower in light of even a daily bullish bearish reversal signal out there. So I think the weekly and the monthly charts out here bill are suggesting this wants to go higher. I know you would said indicated because of your chart work that this typically bottoms in October. I don't know. Maybe this is going to top in October. I'm not saying this is going to top in October. I'm just saying right now it's trading up towards its highs and I don't really see a whole lot to suggest to you or I that this thing is ready to get crushed to the downside. So hopefully that helps you out. We had a request I believe from Mike in the Tigers Den who wanted to take look at ticker symbol PPLT. I believe that is platinum. No, it is not. Yeah, it is. It's a platinum. You know, I'll eventually figure it out. That's a platinum ETF out here. And so really Mike, if we're going to go take a look at platinum, then we have to really or platinum ETF. We really got to go. We don't have to, but we're going to go take a look and see how platinum is trading. And at this stage here, platinum is trading up towards resistance. Mike, which is the 967 70 level. That's the brand new weekly profile that is here has arrived this week and the top of the dailies at 972. So here's what you know if you're long PPLT, if you're long platinum, you've got resistance between 967 and 972. A close above this, a close above. Those levels would say you're headed back to its high from a couple of weeks ago out there. Nothing bearish about the patterns that we're looking at inside of platinum futures. Now let's go back to PPLT out here and see what we see. But it's really the platinum chart, Mike. You know, I hate to say it, but I've got to say it. We could spend all the time we wanted on this ETF out here. Now, okay, look, it did form a new weekly profile last week. The top of that's 92 bucks. The top of the daily profile is up at 93 47. So, you know, we could convert to a certain extent. Resistance areas out here, but these resistance areas are less meaningful than the resistance levels coming from the actual physical contract. And what I don't know, Mike, is what contracts are inside of PPLT at this stage of the game out here. You can see the monthly says that we're at resistance. That is PPLT. Can I turn on the monthly files here? Let me see. I don't know that the monthly will actually show up. In fact, but we're going to try it anyways. Top of the monthly. No, it's not showing up. I didn't think it would because there's not enough data on the actual contract. So, Mike, my best take out here. If I look at the monthly time frame chart for you, what I see is a bottom for platinum roads momentum indicator bottom price moving lower doing less relative energy trading in the resistance right now in a monthly time frame 92 76. So, what we do know is you've got the you've got the daily and weekly resistance levels for platinum. I would watch those and on platinum platinum on PPLT, sorry for the confusion, you know close above 92 76 would be a real nice bullish signal out there longer term. It's already giving a nice longer term bullish signal with that roads momentum indicator bottom that coming from the monthly time frame chart. So, I hope that that helps you out. I believe I've cleared out a couple of things here. So, let's take a look at Tiger's Den questions out there. If I haven't CVS, there's also Mike once take a look at CVS. Let's go take a look at CVS out here see what it is doing. Let's switch over to our three time frame charges be consistent. It's always nice to do this. Where is CVS health trading in relationship to its daily, it's trading between 60 to 27 and 64 40. We know 64 40 pretty significant resistance. It was tested on Friday and held prices somewhat sold off since then, but just consolidating between profiles weekly prices above resistance and on the monthly prices above resistance closed above resistance still trading above resistance this month close above resistance last month. If we take a look at the daily time frame chart, the questions that we've been talking about a few days ago a week ago. Well, Mike knows the answer to that question. And what we know is that CVS went ahead and completed a TD set up nine count. Bar number nine being the top. What price has not been able to do though is not being able to push through support support first level of support 62 28 next level of support at price is where it broke out 59 69. So the daily's got a topping signal out here. The weekly doesn't and the monthly doesn't inside of CVS. We come back from this break. We'll finish CVS for Mike. Of course, I want to hear from you too. Steve Rhodes with TFN and we'll be right back. If you're in the CD market and looking for a secure investment, the Tiger first mortgage program may work for you. The security program will be available to you and you'll be able to pay for the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the target first mortgage program would give you $50 per year or 6200 over the four year period. That same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years. What should you prefer? 6200 or 14,000 of interest on your investment. If you'd like more information about the target first mortgage program, you can call me at 877-518-9190. That's 877-518-9190. You can call me at 877-518-9190. Don't worry, all of your businesses are available on www.tfnnnewsletters.com. What are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable, and a must have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk free for 30 days. From all aspects of the markets, You can get the newsletters page by going to tfnn.com and click the newsletters button near the top of the page. Tfnn .com Educating investors. Biotech is booming, but for how long whether you think the biotech bull has room to run or has run its course, you can get the newsletters page by going to tfnn.com and click the newsletters button near the top of the page. Tfnn.com 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 L.A.B.U. or L.A.B.D. Directions daily S.M.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 funds. If you have any questions please contact Direction Shares at 866-476-7523. The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Four Side Fund Services, LLC. Don't forget, you can listen to what's going on here at www.WatchTigerTV. That's TFN.com. Then hit Watch Tiger TV for the latest to market information. Folks, we're taking a look at the CVS Health Corp. CVS, the ticker symbol out here. And Mike, if we look at the weekly chart, again, no indication of any kind of a top out here. Looks like this week may be bar number eight of a TD setup nine count. So I'm going to look at what's going on out here. We do know that it formed a valid topping pattern. The TD setup nine count, but not until price would close below support. It's a bullish structured profile out here. I would expect to anticipate that CVS would go test the 62 28 level. If it closes below that, then prices headed back to where it broke out at 59 69. Otherwise, it's just going to consolidate between support and resistance 62 40. That's what I see. But if you're wondering, does it show a topping signal? Well, then the answer to your question is it shows a valid topping signal, but that just simply means that price can just simply push down to support. We identified those. Let's go to Jeff and Dallas. Jeff, thanks for calling. Thanks for holding. How are you today? I'm doing well, but I don't have the correct ticker symbol for what you're calling about. Yeah, it's a future. So that would be ES. Oh, the ES. Oh, yeah. Okay, good. So tell me what what you would like. How can I help you with the S many? Well, well, we've we've topped out since the 19th and I'm looking to re enter a short position and just looking to maybe time that a little bit more. It looks like maybe even right here might be a good possibility. So let's do this. Here's what here's what we got. We've got a little bit of a cleaner chart for you to look at. That's not it. Give me one moment just to pull it up. I should be able to pull it up. If not, I'm going to go make it. Yep, I'm going to go make it. Let's do this year. Let me come back to the ES mini. We're just going to focus on it specifically. That's not it right here, and here's what I'd like you to know about it as soon as I get it up on the screen. We're going to go back to the ES mini. We're going to say it's the top of its profile. Are you able to watch this on Tiger TV? Yeah. Yes, I can see it. Thank you. Got it. So I'm turning price off right now. The reason I'm turning price off is because we're going to use here for your purposes. We're going to use the top of the daily profile. The current profile runs between 3008 at the top and 29 72 at the bottom and 29 99 and 3008. If you're asking where is the ideal price, it would be 3008. What we have seen in the ES mini is we've seen we've seen interest session periods where price has gotten over that level, but that's your real key resistance area out here. As far as shorting it, there's no signal that any level of support has been broken, and you must realize that the market breath of the S and P 500 itself has been broken, and so if you're looking to short the ES mini at this stage, it should really be some kind of dayish or intraday type of a trade out here. Those are the market conditions that we have inside the ES mini. You've got the spot volatility next still below its 50 day exponential moving average. When you take a look at what happens in the S and P 500. When that condition exists, you're on this chart, and you go back and take a look over the past year or year and a half, whatever the time period is that I've got in here, and you can see how well that would have assisted you in making those decisions. So the answer to your question is if you're looking to go short the ES mini, and you think that now is the time, I would have to see some type of signal on my short term timeframe charts, and I think one of the things I wanted to share of it was we had a bottoming signal inside the ES mini. That took place at five 30 this morning. Same bottoming or topping signals Jeff that we use for any timeframe out here. It's just at the 30 minute time frame or intraday time frames. The 30 minute is a pretty good one for helping us understand what the market is doing, and I thought that's especially important. I think that's a beautiful cell signal. I wish I would have got in the market and sold it last night or something like that, but I'm going to go ahead and sell it this morning. Maybe that was the thinking at four or five or six or seven. But what we knew. We knew that price was pushing lower doing less relative energy. We knew the cavalry arrived. They had the bullish engulfing are they had a bullish piercing candle that formed at five 30 was suggesting to you the price was going to go up. And that's not a short signal trade out here and the ES mini if it closes above that 3008 level. So if you're taking that trade, you put that trade on as price gets to that 3008 area with some kind of stop over that a close above that level would then signal to you that prices likely had into 30 17 and a quarter. So that's what we're going to talk about here. I don't know. Those are just using, you know, my tools out here, but they're pretty good tools. And if we take a look at the 60 minute timeframe chart out here, Jeff, same kind of pattern. Price was pushing lower doing less route of energy. Nice piercing candle there. Um and I'm not seeing any type of topping signal at 148 in the in the afternoon out here. So tricky markets. If you're going to look at that, Jeff, you're going to see that coming up on September 23rd of September. Yeah I did. If I can ask, how do you tell that it has less relative energy? Is there a particular Medicare that you look at? Or is it? Yeah I do. I've got a so it's a I have a there's there's five steps to being able to identify that top. I share those exact five steps with subscribers out there and how to watch for that right now. I'm just going to take the indicator out there to help you understand about that momentum or lack of momentum out there. But this morning it was the lack of momentum to the downside. And what it did was it made. It made understanding what the market was communicating to us an easy thing to do versus a look at Friday's clothes, maybe volume behind it. It just it just works. It just the market is always like stretching to one side or the other and you want to be able to understand those patterns that help us catch those stretches, so to speak. Right, right. OK, excellent. Well, thanks. I appreciate I think this helps. Hey, my pleasure. Now Jeff, I'm assuming that you might be the Jeff that sent me an email to. Yeah, that's me Jeff. Thank you. You bet you bet. Okay, Jeff in Dallas that was taken. Look at the s mini. Um. Let's go take a look at. We had a request out here from John. John wants to. What can we expect from JD? So let's go take a look at JD. See what it's doing where it's trading. The first charts are going to pop up on your screen are going to show you the daily, the weekly and the monthly profiles prices above the daily trading between the weekly resistance 31 81 support 29 51 and above the monthly 29 62. So John in Sarasota JD not looking too shabby out here, but let's put up the daily timeframe chart. See if we can see anything that identifies the top or bottom. And the answer is no, but resistance on this thing at 31 45 is truly proving to be resistance. Um John, I'm going to look at this during this break. I'll come back with my analysis of what can we expect from JD. We get back from this break since 1984. Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well, originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tfnn.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter, the opening call today by visiting tfnn.com. If you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over. Gold is trading back above $1500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar as well as more than 30 different mining equities as of September 3rd. Gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report. Sign up today by visiting TFNN.com You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong. That's why we need primal edge daily nutrition. It includes a special blend of ionic, soil based vitamins, minerals, fatty and amino acids in an easy to use liquid form. Primal edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They've been called miracle molecules because like sunlight, air and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge formulated and approved by Nico and page of living a primal lifestyle. Buy it today for just $89. Click on the primal edge banner on the front page of tfn.com. This is David White. Stay tuned because coming up next is the power trading hour right here on tfn. Welcome back folks. So, uh, John and Sarasota, if we take a look at JD.com, we know that it bottomed on a monthly basis with a nice TD set up nine count out there. This would suggest with prices trading above Stevie's red line, which is 29 62, really the top of the monthly profile that prices on its way up to 45 23. Not a straight shot, but longer term. That's what it looks like to Stevie based on the chart patterns out there. If we take a look at the weekly timeframe chart, it has intermediate timeframe top with wave number setter seven letter G on my screen. That was on July 26. That was after making a road momentum indicator bottom back in 2018. So now prices really just consolidating the current consolidation area out here inside of JD.com. I would say is between 31 81 and 29 51 out there. So that's what I see when I take a look at JD.com out there. So we got about a minute to go folks. I will not be able to be with you tomorrow and Wednesday is uncertain at this stage. I won't even be able to do an early morning show for you. So I'm going to try to be back on the Wednesday. Definitely a no show tomorrow and we'll just kind of play it by ear out there. So just wanted to pass along that public service announcement out there as far as the rest of the day is concerned out here. You know, what do you watch for? You know, like like Jeff wanted to go sell the ES mini out here, you know, and plenty of topping ish type signals out here. But even right now price above Stevie's green line. And it says further further move at least for Jeff's concern up to that 3008 level and above that folks, we had given you a price projection. I don't remember what the number was 30 17 something like that out there. So where we're at quite frankly is we're in a market that is just consolidating sideways. Just consolidating. So have a magical Monday. I'll look forward to hopefully seeing you on wonderful Wednesday, but have a terrific Tuesday. Take care and stay tuned. Your favorite polar bears up next David White. Tom O'Brien will take us on home and I'll see you as soon as I can. Take care.