 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good morning folks welcome to the November 13th the magical Monday edition of today's Trader's Edge 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's having a great day let's make sure we have an extraordinary one now 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 it means we can find the gift in every set of circumstance that life is gonna toss at us now today you and I we're gonna check on the circumstance of these markets well go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning I want you to know I'm absolutely grateful for your presence here but even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone dial on in 877-927-6648 not if you've got a question but you can't dial in you can always send me an email send that off to Steve at tfnn.com and inside the subject heading police put radio show question now if you're inside our Tigers down well than any in every ping we'll do so let's go ahead and get this show started on a magnificent Monday of course this is tiger financial news network I'm Steve Rhodes welcome to the show we got a sea of red out there sort of nothing significant just yet except for the semis they're down a little over 1% but the Dow is off basically it's flat down four points S&P's off seven Nasdaq 142 Russell's down six semis off 42 points trannies down 94 you've got gold trained up six bucks at 1943 90 it's going to complete a TD nine cowl bottom today should rally further silver on the other hand does not have a bottoming pattern suggesting that it actually wants lower price off seven pennies as we speak right now lights we crew we're going to be rolling that into the January 24 contract right now the December contract up 63 pennies trade on at 77 80 natural gas up 11 cents it could form a buy the d-point pattern today and a 30th treasury just consulting with inside its daily profile right now currently printed at 1229 what are the markets doing out here hope everybody had a great weekend let's start by taking a look at let's go to the weekly time frame charts these are for the equity future we'll go take a look at the daily because the signals on the daily say we might want to take a look at what's going on in the weekly base so for example on a daily basis Friday's close inside the ES mini I was a close above its TD nine count breakdown level I was up at the 44 22 23 ish level my recollection and we closed above it however to get above one or no they would have said hey we're in breakout mode however we've got to take a look at the next time frame up we take a look at next time frame up for the ES mini we can see resistance up to that 44 33 level so it's going to need a close about 44 33 on a weekly basis to tell us that we are in a breakout mode out here that's for the ES mini we take a look at the NQ the NQ is going to complete a TD nine count top today as price price or price depending on how you like to say it as price is approaching a cell zone the cell zone is established by that bare structured weekly profile the cell zone between 15 726 and 16 125 in other words no breakout inside the NQ on its weekly time frame the same can be said about the it down now each of these have confirmed by the D point bottom patterns that took place two weeks ago we take a look at the now equity future contract its resistance level its key resistance level is 34 472 in the case the Russell 2000 it's so far away from it it being 1842 right now it's trade out at 1704 so the Russell's got a mind of its own but in the other three equity future contracts we're not seeing any kind of a breakout as we speak just yet we take a look at those will just stick with this background black background actually here on the daily timeframe the yes many can see that descending trend line as well so you've got weekly profile resistance you've got daily trend line resistance out here you can see the breakout in essence on the daily NQ actually the Dow also closed above the top of its daily profile on Friday and a second consecutive close above 34 315 would be I would suggest a further rally but we want to pay attention to those daily timeframe charts out there and the real question is really if we go back and let's do this here get to this let's change screens out here the real question is and I don't have the answer to this or maybe I do the real question is can the NASDAQ pull us down can it control all the markets and pull us lower out there because when we take a look at the NQ and if we go take a cash indices we're going to see something similar the NQ is going to complete a TD nine count top we've got no topping signals or patterns other getting up to resistance levels we already explored those on the daily and weekly timeframes out here so other than the yes many the Dow getting up to resistance levels out here it's really about the NQ is the only one with a topping signal probably I should restate the question and the question should be restated like this can the NQ or the NASDAQ 100 and the semiconductor index pull us lower so those are the two areas that we want to spend some time with so let's just stick with the NASDAQ 100 as we speak right now to do that what I'm going to do is I'm going to pull up the top 10 holdings with inside the NASDAQ 100 so if you give me a moment well I didn't have those up did I hmm very smooth move out there Stevo you had a thought in mind and then you don't even follow through and do it so I'm going to get those charts here to populate my apology is going to take just a few moments at least because of the things that I have running and we're going to this will populate I think about 16 or 17 different charts for their daily timeframe but what you and I want to look at is what's going on underneath the covers and I believe it is about 50% that the top eight holdings with inside the NASDAQ 100 make up a 50% of the waiting or close to 50% of the waiting inside the NDX so that's why it's so important to take a look at what's going on under the covers we're going to do that momentarily it's on the next date not the top eight so you're going to change screens here and we'll get over to those top eight holdings of course everything here needs to complete before I can really do all this but now we're at the top eight the top eight Apple is one of those we'll take a look at more detail in Apple we've got a request from g-man inside the tiger's den but we do know g-man here take a look at the daily timeframe chart for the number one holding with inside the NDX 100 today we'll complete a TD9 count bottom now what should take place out there I'm sorry today we'll confirm a TD9 count bottom tomorrow we'll complete that pattern so we can say that after tomorrow we should see price pull back to test its oscillator and change line that's currently printed at 179 23 the same pattern is set up inside of Microsoft Microsoft will confirm a TD9 count pattern today complete that pattern tomorrow now here prices above resistance resistance was the top of its profile old resistance will become new support or could become new support so its pullback its first battle would be a 364 79 below that 358 77 if we take a look at Amazoners request take a look at Amazon that's for G motion will look at that a little bit further but in the case of Amazon G motion this negated is TD9 count top on Friday it was unable to take out its breakdown level the breakdown was at 143 57 we know that when you get to a resistance area that can be the sign of a top whether it's a profile whether it's a trend line or in this case here whether it is the TD9 count breakdown level if we take a look at NVIDIA we'll confirm a TD9 count top today complete that pattern tomorrow that says it should pull back towards that 454 92 level we'll finish take a look at the NDX 100 we come back to this break and then after that let's go take a look at the semis because we're trying to answer that question can the NASDAQ 100 in the semis be the two that take the rest of the market slower we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence 4x markets tremendously when you sign up for the tiger 4x report you also gain instant access to Teddy 60 minute webinar archive he just hosted 4x strategies and fundamentals what is behind the tiger 4x report for all the details and to start your 30 day tiger 4x report subscription today visit the front page of tfnn.com 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your inbox every day first-time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 tfnn all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors toll-free at what 877-927-6648 internationally at 727-873-7618 welcome back folks so we're taking a look at the top eight holdings that make up the NDX 100 we've gotten through a few of them I believe we stopped at Amazon I know at Nvidia which is going to go ahead and confirm a TD 9 count top today it'll complete that pattern tomorrow again that should pull back price back towards its oscillator and change line currently printed 454 and change Facebook meta is going to complete its TD 9 count top today so want to take a look at that it's completing it right where it formed a prior TD 9 count pattern out there as you can see that's in the lower left we take a look at that Broadcom app goes to ticker symbol it's going to confirm a TD 9 count top today complete that pattern tomorrow the same thing with Google Tesla not the case out there what I've got Tesla doing right now is trading above the top of its daily propon a close above 219 and a quarter today should get a run for its recent swing high that recent swing high was January I'm sorry November the third the volume on that was 119 million shares so far today we're up into with 53 million so it's moving in that swing point with volume now what Tesla could be doing here is actually set it up in a to be equal CD pattern it's taken on this swing point again from November 3rd doing it with volume and therefore if price is able to close above to 1840 and if it was able to do that today would confirm an a to be equal CD tips that we don't have that pattern just yet but it is something to keep an eye on based upon today's volume move higher out there so what we can see here is these are the instruments that we need to pay attention to it's not just one or two most of these not all of them but most of these have a topping patterns out there and so want to pay attention those intraday charts over the next couple of days out there looking for a market turn let's go on the second portion that question is what are the really the summaries doing they're the ones that are trading the lowest Tom G wrote in and he exited his position I believe was on Friday is looking for an entry point so the first place for us to take a look at the summaries we can take look at multi-time frame chart so if you give me a moment I'm gonna get the screen set up here so we can do that and make sure I'm in the right spot we're in the wrong spot right now but we'll be in the right spot here momentarily and here what we're gonna look at is the intraday well really we're gonna look at multi-time frame screens here for the summaries just get their message and we take a look at the monthly chart out here Tom right now we can see that price is trading above its green assets are in change line even if by a smidgen but even if by a smidgen that's a bullish signal that would suggest to move up to the 3674 level I take a look at the weekly chart price closed above the green asset and chains on last week gap lower right now that's acting as a resistance level but if I'm a weekly base we get a second close above that asset and chains on which is green that's bullish be 3551 82 a close above that at week send would suggest that the semizer headed higher I know you're looking for a pullback we're trying we're gonna try to get there the daily time frame no top no way to be equal CD pattern but no topping signal in place we take a look at the summaries so what's that telling us well when I say no top what I really mean by that is that on Friday price closed above its TD 9 count breakdown level and that is at the 3557 area but today price is trading below that you know Stevie's rule you've got to have two days consecutive days above resistance or two consecutive days below support to suggest we either have a breakout or a breakdown going on and we don't really have the breakout signal just yet or just now at 11 21 in the morning on 195 minute time frame chart out there what do I have not much with regard to a topping signal is no way to be equal CD pattern if I look at the 130 minute chart so we take a look at an industry or an instrument that trades for six and a half hours these are the time frames that we use the reason we use these time frames such as 195 130 65 they divide equally into a 390 minute day that's what we have out there and so we want to look at equally time frame bars when we're doing our technical analysis the 130 minute time frame chart the 65 minute time frame chart the 30 minute chart the 15 minute chart each have at least rogment to indicator patterns with today's gap to the downside I take that back the 30 minute chart has a wave number seven pattern out there that is letter G a very small portion of the Chapman wave so in those chart time frames Tom what they suggest is a move lower and I'll give you some numbers I'll see these would be the numbers you would consider where you could enter you'd like to see some type of bottom pattern although just getting back to support can be that but you'd sure like to see some type of bottoming sat pattern out there in one of the intraday time frames so by the 15 minute base is 3508 so number 3487 we take a look at a 30 minute time frame chart on the 65 minute time frame chart not even to give you that one why because that's so far down the pipe that which is at 3240 that we're just not going to go there on the 130 minute chart which has that roads meant to indicator top the first level here and this is probably key is that 3531 ish area I say ish because it's the Oscar and change line and a price able to close below it price pulls back or higher that's going to change by a buck or two but a price does close below that that's probably a signal that we're likely to move lower we'll come back to the semis because we've got call ahead seating here and we've got a caller on the line and it is John and Philly John thanks for calling thanks for holding how are you today Steve I'm doing very well and a very nice weekend hope you did the same and Steve I'm calling to ask you a question about comics gold that these gold contract please yes go right ahead Steve I speculate the Friday and Monday lows thus far that's 1937 and 36 I speculate that's a tradable bottom so that's my speculation of course not a forecast and sure you know time is going to prove me right or wrong what I will just observe just remember now comics gold is not gold it's a futures contract it's leveraged and it is not the same as underlying one day delivery cash bull gold bullion and with having made that disclaimer I observe that the the coma these comics price for the fib 382 pullback is exactly at 1937 which we hit Friday we hit today we're a bit higher so I speculate that's a tradable low Steve my question to you sir is could you please tell me according to your work what will prove me right and what will prove me wrong so that's my question for you sir I'd like to take your answer off air and just listen on tiger TV absolutely happy to do that hey John thanks for the question you bet and nice to speak you speak with you so what John's talking about at first the chart patterns are confirming his thought process here and I'll explain why first we start off with the daily timeframe the upper left hand chart out there today is going to be the bar following bar number nine we have a successful td9 count pattern the answer to John's question what would prove him wrong on this trade it would be a closed low today's low whatever that low is let's assume that that low is in and that's a pretty good assumption at this stage of the game well that low out there the number right down on your pattern paper folks is 1935 60 John already covered the 0.382 retracement of the last leg out there we don't need to do that instead we have another confirming pattern to help him with that daily timeframe analysis now if uh what should happen here whenever you form a bottom price should make its way up to resistance in the case of gold right now that resistance level happens to be the bottom of its daily profile which is also matching up or lining up with the oscillator and change line 1975 60 is where price at least should get to if price can get there and get above that level the next area to be paying attention to be 1986 60 if this is only a countertrend move that's where price would find resistance that would be the center of its barestructured profile we get back to this break we're going to tell you why all the other time frame charts out here are confirming John's idea that it is a tradable bottom in gold deluxe Steve Rhodes with tfnn we'll be right back old report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the u.s futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com 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 tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com and hit watch tiger tv that's tfnn.com then hit watch tiger tv back up folks we got gold traded out in 1947 70 that's up 10 buckaroonies right now so when we get a bottoming pattern on a daily time frame well whatever the time frame it is you always want to see those bottoming signals on the shorter term time frame so here we take a look at the daily that's got that td9 count top next time frame that i use out here is a five hour chart then a four hour chart then a two hour one hour 30 minute and then take a look at the 15 and the 10 minute well it turns out that at 10 30 this morning i'm looking at the 30 minute time frame chart right now that confirmed erodesment and indicator bottom patterns that was confirming that daily td9 count bottom it was not much further after that at 11 o'clock when you got the same confirmation on the 60 minute time frame chart now in the case of a 60 minute time frame chart uh it is also trading above the top of its uh profile as is the 30 minute chart those are really bullish signals 15 minute chart it's not so much the bottoming pattern that i have on a 15 or 10 because i really don't think i've got that other maybe an a to b equals cd to the downside out there what i really want to pay attention to is the bar number nine of a td9 count is just completing as we speak right now that'll take place at 11 40 so nine minutes from now what you want to do it you know i've got a number of requests that are in so i don't know whether we get back or we take a look at it or don't but come the 11 40 time frame just note on your pad of paper whatever that high is if price trades above that closes above that level tells you at least on that 10 minute time frame we've got a strong upward momentum move and price should continue to move higher move higher to where when i take a look at the next resistance levels out here uh in gold i really come back to the the four hour time frame chart and the two hour time frame chart and the five hour time frame chart each which have roads meant to indicate or bottom patterns and each have resistance john at the 1954 level 1954 10 to 1954 40 so i think that's where price is headed to there may be a retracement with this 10 minute td9 count pattern now let's assume there's a retracement if there is a retracement the price chart going to be around 1942 so somebody looking to try to get in on this gold trade you'd love to see that retracement you'd love to see price pulled back to that area test and reject that greenhouse that are in change line that could then be your entry point into a long gold position otherwise 1954 40 is going to be the next line of demarcation where a battle should take place now what i will share with you is on a five minute time frame and we've got three minutes to go here it's negating its td9 count top and so this is telling us about a strong momentum move to the upside also telling us that we may not see a td9 count top that takes hold on that 10 minute chart out there so just some thoughts john i hope that helps you out with regard to the trade and i agree with you you've gotten a bottom of course anything can happen folks but what we look is for our patterns that allow us to make judgments as to whether to enter exit or sell a position out there in goldilocks has given us a perfect perfect set of charts out here to tell us that yeah there is a bottom in place for gold now that should pull the gdx higher out there because of its directional correlation uh joe wrote in and wants to take a good nugget so first let me get back to the request of the first we take a look at the semiconductor index and when you took a look at the semis i think we're just looking at its multi timeframes in fact i'm certain that's where we're looking at but much like we do with the ndx 100 we really should look at what's going on underneath the covers so now let's pull up the semi holdings i'm going to go ahead and change panels what's going to show up on your screen right now are the second eight weighted positions but we want to take a look at the top eight weighted positions and that's what we're going to look at here momentarily with amd being number one amd's got a td9 count top that's going to complete today price should pull back to 111 31 avgo broadcom's going to confirm a td9 count top complete that tomorrow price should pull back to 925 td9 count top is going to confirm today in nvidia it's going to complete tomorrow we should see a pullback towards 455 intel uh still has a td9 count top only way that gets negated it would be a close above 3890 it's taken hold price within side profile what intel should do is pull back to 37 31 37 71 level uh txn don't have any pattern there worth noting qualcom has got a td9 count top that's going to complete today micron is going to complete a td9 count top today in the case of qualcom price should pull back to 118 to 1928 level in the case of micron at 7203 to about 73 19 and kla k a kla corp is going to complete a td9 count top today that should pull price back to 501 now what uh tom was asking for is where's the entry point tom the first thing we need to do is see if these patterns take hold i remember in the socks what we did not have was a topping pattern when we took a look at the sock start here i'll just pull this over on a daily time frame what we don't see here in the socks chart are those td9 count patterns but we don't really stop there we want to know what the uh underlying instruments are doing and i don't recall the percentage weighting but it's a good one uh with regard to the top eight instruments out there we don't have to stop there we've got a few moments let's go ahead and flip panels on my screen let's go to the next eight instruments inside the semiconductor the socks it is this is not the smh that we're looking at this is the semiconductor index it's a bit different we take a look at that second set of charts out here uh we've got a amat going to complete a td9 count top today should pull price back to 141 lrcx should pull price back to 636 going to complete a cd9 count top today tsm nothing to report on nor adi nor mchp marvell is going to confirm a td9 count top it's did that right at its breakdown level price should pull back to 50 30 as well holdings i don't have a topping a pattern out there but you can see we've got a number of td9 count tops inside of the semi conductor index here so we are expecting to pull back top i don't want to give you a price just yet we want to see if these take hold and then come here and do the same type of thing look under the covers look for some bottoming patterns and then even go to the semis and take a look at those intraday charts so hope that that helps you out and um you know keep keep in touch and we'll try to find that the next bottom inside the semis so we got that off of our plate out here uh we really let's just get amazon and google out of the way i think we talked about them but let me put up their multi time frame charts and then we can move on to the other request uh this one they came in from gman and from um g motion so it was we've got amazon up first and amazon was request by g motion out here so in the case of amazon what i had mentioned is that amazon negated its td9 count top and it did that on friday however what it also did was traded and closed right at that 143 57 level the td9 count breakdown resistance area and right now we've got price back inside its profile so even though it negated a top a top can be just getting back to where price broke down so in the case of amazon its consulting with inside its daily profile was supported 135 21 resistance 143 37 the weekly time frame chart suggests that it wants to go target its swing point from september 15 now that swing point had volume of 326 million shares and last week you're up with 228 so you're closing and you close inside that swing point with lighter volume but only a rejection of that swing point which would be a close below 140 39 would suggest that we're not going to make it up to that high and if we take a look at the monthly time frame chart there is no top out here as we speak right now give you a second here oh my gosh what i just do sorry about that and so on a monthly time frame things are bullish why are they bullish because price is above the top of its profile it's above a green aster and change line so it's really the daily that's controlling out things here g-motion with regard to amazon and right now it's just a consolidation on a daily time frame the swing point out here is from september 14 while there was 64 million shares done friday on a daily base you moved in with lighter volume 49 million shares i think we just got a consolidation right now g-motion hope that helps you out but be right back we do come back we go out to martinis california and speak with brett currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first-time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chAU or chAD directions daily CSI 300 china a share bull and bear ETFs china a shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz up just slightly nasdaq's down 19 russell turning just positive we're going to talk about the russell 2000 with brent in martin is california brent thanks for calling thanks for holding how are you doing today oh i'm doing well steve i had a very full and i guess a very fulfilling weekend how about you yeah i know it's a beautiful weekend here and just wish we had more of it although i don't think my back my back can't handle too much more golf so i'm going to take a little bit of a breast breather out there what you do that was so exciting well on friday we had a wedding that we went to up in uh i'm not sure if you know where geyserville it's kind of by napah okay sure sure a real nice winery up there and nice venue and then on saturday my youngest son he's going to be uh having his wedding in may so we have the engagement party for him and his future wife so very cool very cool yeah even had a chance to sneak in a little fishing in between on the morning which is yeah so it was a very like i said very full weekend yeah now did you go fly fishing what kind of fishing did you do i am not a fly fisherman but i okay the court i don't use any bait i mean i just i fish all like artificial sure uh like for bass fishing i use spinner baits and swim baits and all kinds of different you know types of louvers for that and so i was in a spinner bait and just yeah the area was fishing we didn't know how it's going to be having fisher for a while and last time we were there you could hardly fish it because there's a bunch of basically monster this okay material like just vegetation that was in there getting caught up in our louvers you know we couldn't fish it so my expectations were very low and it ended up being just the opposite and oh cool one of the better mornings i've ever had so it all worked out great it sounds like a great weekend congratulations on that and uh congratulations for to you and your family and your sons uh the upcoming nuptials out there so um thank you very much you you bet you bet so the russell 2000 is something that you're interested in tell me what you're looking at how i can best help you well i've traded that the last couple days i did on friday and then i've done it again uh this morning i'm actually just using the tna okay i know you like to use the futures and that's what i'm using essentially to make it great and then i just the instrument that i'm actually using is the tna so i bought into the uh weekly 24 dollar calls i got into good price and i just it's on that one if you can look at the shorter term yeah time frame charts and i have one other one if you have time that who i'd like you to look at the longer term okay sure first one yeah no so we'll make the time so when i take a look at the russell 2000 on a monthly basis it's got a negated td9 count bottom so what that says longer term there 1425 is its target straight at 1714 however the weekly time frame chart two weeks ago did confirm a buy the d-point pattern out there and it did with that nice big old bowl sash candle what price did those ran right in the resistance at that red oscillator and changeline so that's your real number of resistance a real key level of resistance on any rally Brent that presently is printed at 1752 it's not that i can't overtake that but that thing is acted so strongly as resistance last week the week before something to keep an eye on on a daily time frame what i don't have out here is a bottoming pattern does that matter it doesn't really now because price is trained above the top of its daily profile so the top of its daily profile was bearish in structure and that says that the buy area is between 1681 and 1695 i believe it's tested the 1695 level today so as long as price remains above 1681 this has a for this has a chance to rally further and that rally further would have to go back to its recent swing high that was from the day of november 3rd and that swing high or really swing point so it would be between 1719 and 1779 and if price could overcome 1779 it would make run for $1800 90 cents now on a 30 minute time frame again i don't have a bottoming pattern but what we do have is we have price taking out td9 count breakdown resistance at 1713 so its next resistance level which is going to test here over the next coming minutes is the high from 230 in the afternoon this is back on friday and if price can close above that high Brent 171710 that is going to be a bullish outcome now that bullish outcome turns out that on a 60 minute chart out here the resistance levels at 171710 how about that so we got swing point resistance we got top of profile resistance and price on a 60 minute time frame chart is trading into that cell zone so what you'd love to see today as you'd love to see price close above 171710 that would then take out a key level of resistance and then the next area of resistance out here that i've got on a on any of these charts out here takes us up to 1746 yeah that's my next area of resistance will be 1746 and followed by that would be that 175280 so i like what the intraday charts are telling us with regard to what they're doing in resistance zones and the next one is about to be tested kind of almost as we speak so i'd watch that 171710 level which was just hit and if price can close above that that's a real bullish outcome one more thing on the 60 minute time frame chart 173370 would actually be the next upward resistance level assuming you get a close above that 171710 is that uh is that too much information enough information you know is there something that that you missed that i need to look at uh or give you that data point no you hit all the key points that's uh awesome thank you okay okay excellent excellent what's the second uh instrument that you'd like to look at the symbol is i'm not going to try to pronounce it because uh a brazilian company but it's uh the symbol is p is in paul yeah is in allen g is in george s is in sam p ag yes i yeah p ag s so i have this i bought it at the loaves what i'm looking at that has me a little bit thinking as far as the tensor taken a little off the table as it seems to be completing a vehicle cd today i think it hit the number um but i'm just you know and i do have time but i'm considering with that you know potentially completing it might have a full back i just wanted to take a look at that probably i guess on the data would make the most sense sure sure sure absolutely so so first you're talking about an a to b equal cd pattern i'm just going to use my other set of tools here just to to draw that in for me and so yeah the one to one folks would get us up to eight dollars and twenty seven cents the high today has been eight dollars and twenty four cents so yeah it's completed that one to one move but i would i would say this at this stage here and looking at the daily timeframe chart print is that you're hitting it with a wide ranging bar and uh so it's not normally how the deep point gets completed out there but it can but normally it's a typically a smaller type bodied candle but even that being said whether it's eight twenty seven or it's eight twenty four the and or it's the next level that gets up to which is eight fifty four it's eight thirty one that's really going to be your real battleground and so if you're if you're concerned about the the trade and maybe taking some off then what you would use for that other than just your own intuition and inclination out there is the mere fact that on a weekly basis price is trading into the cell zone and that cell zone is between eight oh three and eight thirty one that's the center and then the top of that bare structured profile and then to go along with that you've got uh passive guru digital which is trading just below the bottom and i took a stab at it print don't know that i got it right but uh it's trading right below them i would do i'm sure eight forty two so eight forty two as a resistance point eight thirty one as a resistance point out there and above that would be eight dollars and seventy nine cents so um i don't see any kind of a top real quickly here brent for you i don't see any kind of a top on a 30 minute bar out here so this may want to continue to move higher out there that's the best that i've got i hope that helps you out and again glad you had a great weekend congratulations you your son and all the family out there we'll look forward to speaking to you again soon take care brent all right thank you so much steve take care you bet 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30 day money back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors back folks i'm going to rifle through a couple of requests out here to get through these first one is wftuf kind of a penny stock pretty much ill liquid so to speak i mean today it's done 12 000 shares already at a buck 75 or so right around there you know 2020 somewhat thousand dollars and in any event out here what is it doing is consolidating with inside its daily profile the support levels at 147 between 147 and 198 the price can close above 202 it should make its way up to 266 that's the top of its profile but the resistance or the consolidation area is its td9 count breakdown level that's at 395 so we're going to say we've got a consolidation between about a buck 40 or so up to 395 that's wftuf the next request is to take a look at the emerging market etfnn we take the eem out here price is trading above a td9 count breakdown resistance level at 3823 it's trading above the oscillator and change line on a daily basis it's trading above a profile level so price may want to go target 3911 on a weekly basis you've got a consolidation with inside its profile that 3848 level that's where it's going to go target that is a key level of resistance if price can start trading above that closing above it even on a daily basis you should get up to that 3911 area and i'll see anything on the monthly chart well the monthly chart says you really got to get about 3881 out there to tell you that it wants to move higher let's go look at the next request this one is for code inside the tiger's den and that is the xly out there the xly right now is consolidating with inside its barestructured daily profile that's between the range of 16212 and 16254 where 16252 as we speak right now if price can but there's also another resistance level coda 16272 that's a level that the xly needs to close above i would say 16272 to go ahead and trigger an a to b equal cd to the upside that being said you've got resistance also a resistance zone on the weekly chart between 16153 and 164 27 in the monthly so as you're right at resistance right now so there's some resistance resistance resistance inside the xly finally joe asked about the nugget but i'm going to put up the gdx he was asking is it going to go up to a lower price out here we covered goldilocks on a daily basis got a td9 count bottom uh those of you that have listened to the show for a while know there's a good strong directional correlation between gold and the gdx out there so odds favor that it to s bottom it should the gdx should bounce up to about the 28 10 level folks day two for all the great programming thanks for all the requests i'll see you on terrific tuesday have a magical magnificent monday