 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 September 29th, the terrific Thursday edition of today's Trader's Edge show. Thanks much for joining us folks, obviously hurricane stuff is still going on in the state of Florida, so it's great to actually be with you here in the southeast. We fared pretty well. Our big night was Tuesday evening. As you may remember I took off as soon as the show was over on Tuesday to Naples to board up our condo over there. Since the storm had shifted, thank God we did that. It's about four or five miles off of the Gulf. And luckily the storm surge, probably everybody saw that storm surge yesterday did not make its way all the way up, which was kind of a concern because the last big storm we had there, if you go down just a couple of miles to the north, Bonita Springs, which is kind of the Home Depot that I shop at out there, that the storm surge made it all the way, last time, made it all the way up to the Thai 75. So luckily everything is good there. We're just without internet here. Hopefully the show we don't have any issue here in the Delray area. We had a bunch of waterspouts, several two waterspouts that came in off of the ocean and onto land. I have a back porch that's off of my bedroom. We sat up there and it looks to the south, so it looks towards Miami and it looks to the west, looks towards the Everglades and the Gulf out there. And first it was quite interesting in watching that storm because all the clouds were very low and there was this extraordinary lightning storm that was going on. And just with the cloud cover, but then you could see with those waterspouts and as they made their way on shore, you could see where transformers were getting blown up. The colors that were in the sky at that low level were kind of amazing. So cool to watch, but really kind of unfortunate to have to watch that. But everybody is okay here and we just have a lot of, now today we've got a lot of wind, more wind than we had yesterday. I have had the internet flick on and off a couple of times, so hopefully we don't have those issues out here. Everything is good. The folks in Central Florida, I've got a brother-in-law up there. He has a little creek behind his house. That creek last night turned into a river and then early this morning that river turned into a lake and they had to evacuate. He said it wasn't that easy to get the car door open and get people in and try to get that out of there. So still waiting. They can't get back into, there were some friends now, but they can't get back in to see what's going on there. But in any event, so let's get to the shows out here. I was stalling a little bit because I had to actually reboot my system because the data, I think it was the internet issues that I've had this morning that we're kind of throwing things off. So let's talk to talk about where we're at, where the markets may be headed to. Right now, at 11.09 in the morning, you've got all the US indices trading to the downside. Actually all the sectors inside the S&P 500, pretty much everything except for the XAU, which is kind of interesting, the GDX. So that held up really well yesterday. So that's one sector of the market and gold is actually off a couple of bucks. Lights Recruits just went up 24 cents, trade out 82 and change out there. Lead to charge dollar wise, the upside got bail resorts, MTN is a ticker symbol there, up 7 bucks or 3%. Golden Sun Education Group up 6 bucks, 22%. Just looking for something other than an ETF out there. To the downside, Mercado Libre, it's off 22 bucks, CarMax down 22%. That's a big stinker. So certainly the interest rates are impacting the carbine out there, it's off 20 bucks. As mill holdings off 17 or 4% solar edge, technology is down almost 7%, 17 bucks. Air Regeneron is off 2% or 14 buckeroonies there. So that kind of covers that area. Now that we've got the system back up, let's go to the very first thing that people should be aware of. And that is that we do have new daily profiles that are formed for each of the daily equity future contracts out here. So let's give those values to you. For the ES mini, actually I could probably just do this. If those of you that want to grab data, let's see how this fans out. Let's just go look at the charts out here. I'd have to spend a little time to dress that up. So the new profile for the ES mini, the bottom of that profile is $39.45. The top of the profile is $38.06. As long as price remains above that $36.45 level, price should try to make its way up to the $38.06 level. Before it gets up there, it may have an issue when it deals with its red daily asset or change line. We'll take a look at that as we switch over to other charts. The NQ also has a new profile. Support is $11.241. Resistance is $11.840. The center of the profile, $11.541. The Dow Equity Future Contract, bottom of its new profiles at $29.123. Resistance, $30.256. And the center is at $35.45. The Russell, it's new profile out here, $16.6575 to the downside. That's the bottom or support. And then you've got resistance at $17.57. So what we know right now, as we've seen the sell-off yesterday by this, here's what we know. Each of the equity future contracts have at a minimum TD9 count bottoms. Some have confirmed by the D point patterns. For example, the ES mini yesterday completed a key reversal bar. That's where the bar exceeded the high and low of the prior bar and finished in the opposite direction. So at least one tick to the upside out there. And you need to be in an extreme condition or a stretch condition. Well, an A to B equal CD to the downside is most certainly qualifies for that. You did not get a key reversal bar inside the NQ, but it still has its TD9 count bottom. You got the key reversal bar inside the Dow. So it also has a buy the D point pattern. No key reversal bar inside the Russell 2000, but it still has its TD9 count bottom out there. So TD9 count bottoms as of 1112 have held. Now, that doesn't mean that they're anywhere near out of the woods. Let's go take a look at what TAS market breadth looks like right now for four different timeframes. We were taking a look at, here's the S&P 500. Negative for each. So in the case of the short-term timeframe, the one we would look at first, 60 minutes, you've got 42 instruments above profile, 412 below. You've got to expect a choppy market on every rally to be tested and to be sold out here, especially while you've got negative market breadth. If we look at the NASDAQ 100, it's really suggest a choppy market. The 60-minute timeframe, it'll just expand this out, make sure I'm in the right spot. I am. What we can see here, and you're looking at the left-hand side where I've got the market breadth statistics. 16 trading above, 15, 7 trading below on the hourly timeframe. However, and this is very helpful. It should be very helpful for everybody that's trading, especially intraday traders out there. The 240-minute chart still remains with a bullish crossover. And that suggests that we'll go take a look at the 60-minute chart, see what it's doing, but it suggests that price should reach a support level and hold. No guarantee that it'll do that, but that's what, in essence, the message is. So you've got 35 instruments above profile and 28 below for a 60-minute timeframe. Now, what I really should do here, and I will do it, is start up the short-term. The 30-minute chart out here, and take a look at what its profile levels are. So we know we've got positive on the 240 for the NQ out here. Here is the 30-minute timeframe. Again, just trying to assess where the markets are, what the market breadth looks like, just to assist us in what the intention of the market is. And as we take a look at the 30-minute chart here, let's get to the NASDAQ, the NQ out here. And in the NQ, in the case of the NQ, what it has right now is 38 instruments above profile, 13 below. So we should see a rally attempt form at least inside the NQ. Again, it's going to be choppy if we just simply take a look at the market breadth out there. Steve Rhodes with TFNN, great to be with you. Hope everybody is listening in. Fair the hurricane? Well, those of you that are in the Northeast, Jacksonville, Daytona and so forth, just hunker down and Steve Rhodes with TFNN, great to be with you. 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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. Get 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 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 in 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 1-877-927-6648 Internationally at 727-873-7618 So let's finish up, take a look at the end queue here, then we'll go to a couple requests that we have in the system from Alton and Koda. And that is, we were looking at the end queue, we were taking a look at the task market breadth, which was bullish for the 30-minute timeframe, bullish for the 240-minute timeframe, it was bearish for the 60 minutes, so kind of confusing messages out here. But as we now take a look at the detailed charts, let me make sure it's a panel we're looking at. It is. If you look at the 10-minute chart here, you can see a quick little arrangement of indicator, bottom pattern, price got up to the top of its profile, it's giving it up at this stage here, it's consolidating with inside that profile. TD-9 count bottom on the 15-minute chart, price got up to that oscillator and changed on it, it was red, it rejected that. Now it says, okay, it wants to go test support, which is 11-184 and change out there. The 30-minute chart, I do not have a bottom signal here. The 60-minute chart, price is pulling back and testing support, that's after it's TD-9 count top that formed out here at yesterday's close, price is testing at 11-215 area. The 120-minute chart, you can see, the indicator bottom that informed yesterday at 10 o'clock in the morning, that was both on the two-hour, the four-hour. It didn't get that same exact signal on the five-hour timeframe chart, so support areas are being tested. As long as that market breadth remains where it does, bullish, which was for the 30-minute and the 240, we should see a rally attempt form out here. At least that's the message, that's how I read the charts at this stage. Now the key area that price would need to close above, you can see it, it's this red oscillator and change, and it'll expand out the daily chart. That is really the first real key level of resistance that could suggest that there would be something to this counter-trend move. I remember a new profile that is formed out there, and that is new. It is not something we have to wait for at the day's end. So let's continue on. Let's take a couple of questions, feel some questions that have come in. The first one coming in from Alton. And Alton writes in, it says, I hope you survived, Ian. Yes, we have, no problem. Let me get it to BLV. BLV is the Vanguard Bond Index Fund's long-term bond. So you're looking to get into it. And so if we're looking for signals here, what I don't know is, is this just trade-off of the 30-year Alton? I mean, I have to go back. So I first suggest go back and see what this is looking at, what it was contained with inside this bond fund. What I can share with you with regard to whether there's a bottom out here or anything, is if we take a look at the daily timeframe chart, what we have out here, let me see. G, that G, yeah. So I don't have a, well, I take that back. Certainly there is a, by the D point pattern that had formed out here. So it's easier for me to draw that pattern. Well, first, let's take a look at this. Your real key level of resistance, Alton, is going to be that red oscillator and change line. So you do have a by the D point pattern. I'll just simply draw in the A to B. What is there with this chart here? And I'll just simply move that over. So there's your A to B level. And then the B to C to D area out here is going to be, it looks like it's going to be an expansion, an expansion of that A to B level. Yeah, most certainly it is. And yesterday was a bullish reversal candle. So, and you have a new profile. So your support level, if you're going to take a position here, you want to watch $71.40. Your price closed below $71.40. Probably not a good idea to stay with this trade out here. Your resistance level is $73.11. If price can get above that, then where price will find the sellers is between $74.53 and $75.06. That's its bearish structured daily profile. If I look at a weekly timeframe chart, the weekly timeframe chart does get us to a wave number seven, but the only way that that gets confirmed is a higher low next week. We do not have any other signal out here of a bottom for BLV for its weekly timeframe. And for the monthly timeframe, this says don't even consider this, Alton. Don't go bottom fishing here. Why do I say that? Because this month, which ends tomorrow, is going to negate its monthly TD-9 count bottom out here. So, yeah, you might get a countertrend move, most certainly, but these charts here are really suggesting caution and to stay away from that. CKB wanted to take a look at the bond. So let's do this here. It'll take just a moment here for this to populate, but let's put up the 30-year Treasury charts out there. So it just keeps in line with the thinking. I don't want to, you know, I'm assuming that this bond fund is still in long-term, is it still in long-term corporate bonds? Again, I don't know what this is at, Ian, but that's really the important thing is take a look at what the underlying instruments are. To the extent, the 30-year Treasury bond out here, we can see that yesterday in the 30-year Treasury, CKB, the daily timeframe chart, that's the third one from the left, second one from the right on the upper shelf out there. That yesterday was, well, the day before was the completion of a TD-9 count bottom. There's certainly an A to B equal CD to the downside. Yes, there was a nice big bull sash candle. What we can see is that price went ahead and found resistance at that oscillator and change line. So that is really, you know, just simply expand out the daily timeframe chart out here. And let me pull this back just a tad. And so we can see that oscillator and change line is really acted as resistance. Now price can get above that. There's a new profile on the 30-year Treasury as well. So price can get above that red oscillator and change line. We should see a further rally. You can see that it's got profile resistance just as that other instrument BLV had in it. So this is, even though you've got a bottom, it's really kind of a neutral type signal out here, CKB. Price would really need to close above that oscillator and change line to suggest some potential traction out there. And if we look at the monthly timeframe, price may form, well, it's going to may form, may complete a TD9 Cal bottom on a monthly basis this month. This is a bar following bar number nine. Price right back at the breakout support level of 127-14. We're slightly below that right now. The weekly chart, though, is not confirming that pattern. The weekly chart needs a bullish reversal candle to confirm erodesment and indicator signal. That's what those black diagonal lines are showing us right now. So the daily has some potential and promise. Got to close above that red oscillator and change line. The 30-minute chart is going to complete a TD9 Cal top at 1130. That's six minutes from now. That would suggest that we should see a retracement. That retracement should take us back to 126 and change out there. That's the only topping signal that I see at the moment. If price closes above whatever the height of the current bar is out there, and I don't know where that will be in the next five minutes, but if price does close above that high, that tells you about a strong moment to move to the upside and expect price to go test that daily oscillator and change line. So I hope that helps both of you guys out. Alton or girls, CKB, hope that helps you out as well. The next question coming in here from Koda is to take a look at ticker symbol HDGE. Let's look at the dollar, too. For the dollar, I'm going to have to change the charts around. I'll do that during the breakout here, just so we can get a clear picture. HDGE. So HDGE is what? Sounds like hedge to me. Let's get this thing populated. It is the Ranger Equity Bear ETF. So I don't know what's inside that, so I'll give you what the ETF itself is saying here, but what the instrument's inside there saying, I don't know. On the daily timeframe, what we don't have is a bearish signal. No, we don't. Even though you can see a completed TD-9, the high came in on bar number seven. So for Stevie, that doesn't work. Price is trading above the top of its daily profile, which was tested yesterday. It tested rejected screen asset and change line. That is a bullish signal. This is suggesting to me that what HDGE wants to do is make its way up to its Rosemont Dominicator top that formed in June in the 32 area. Now, before I can do that, HDGE would need to close above the top of its weekly profile. That's where the real battle is for you, Koda. And that's at the price area of $30.50. If price can close above that, well, and you've got an A to B equal city to the upside on the weekly timeframe, the price should get back to those recent highs out there. And the monthly is a resistance at $32.45. So that's what's going on inside of HDGE. I'm going to shut that down and try to get the charts for the U.S. dollar up for Koda inside the tiger's den. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. 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At tfnn, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn Educating Investors. 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. The question is to take a look at the U.S. Dollar Index. That's what we've got up on our screen. We've got the six different instruments that actually make up the U.S. Dollar Index. So on the very bottom right here, I'll just simply expand out the chart out here. We've got the December contract for the U.S. Dollar. You'll see that yesterday was a confirmation of a rogment of indicator top out here. And right now price is testing its green oscillator and change line. Now there are two different sets of profiles that I have for the U.S. Dollar Index, and we use both. Sometimes that happens on the different, even though it's using the same data to generate this information, it is coming up with two different sets of profiles. I'll show that to you momentarily a bit. Right now what's most important here, Coda and Peak G, is that price is testing and so far it's rejected a key area of support. That's that green oscillator and change line. So a green oscillator and change line lets you and I know that the price oscillator is above zero and it is still rising. Those are bullish conditions. If price closed below a green oscillator and change line, then it says look for the next area of support. Well the next area of support on this chart here for the U.S. Dollar Index would be 111. As far as bars that were in out here, if today's close, closes below 112.82, there will be no TD-9 count out here. Coda, that will simply go away and the pattern will have been violated. But it's already got a top, but the top has pushed price down to support and that support so far as we speak has held. Now let's go look at the other currency periods before we switch over to the other U.S. Dollar Index charts that I've got that show you, that suggest that the move lower is still bullish. That the U.S. Dollar is still very bullish. Now the case of the Euro, this formed yesterday, a Rosemont communicator bottom. It is dealing with its red oscillator and change line. The red oscillator and change line for the Euro is at 97.51. Now this is going to negate or it appears that this will negate its TD-9 count today. It needs to close below as of bar number four for the Euro. That would be 0.966 0.960 0. That's where price we need to close below for that TD-9 count pattern to remain active. But we don't need that pattern. It doesn't need that pattern to identify a bottom. It did that yesterday with that bullish reversal kid. That was the three river morning star that confirmed that Rosemont communicator bottom. The Japanese yen which the government certainly tried to strengthen out here, the day that it did that confirmed a Rosemont communicator top. But there was already a TD-9 count top that was in place out here. But that simply led to a sideways move. So they're not doing a great job here of strengthening the yen. Take a look at the Great British Pound. A lot of discussion there. Banka stepping in and buying bonds out here. Well there was a TD-9 count that day of that flush to September 26. That created bar number eight. The following session was bar number nine. That confirmed a TD-9 count and then a pattern completed yesterday out there. So he's got a valid TD-9 count bottom. If price closed above 1.099 then what price should do is go target and it should further strengthen. It should go target the 115 level. That's his TD-9 count breakdown here. The Canadian dollar formed a TD-9 count top. The price remains above its green standard change line. So its condition is neutral. A TD-9 count top inside the Swiss Frank and the Swedish corona. The one that's on the left side. The price is testing and so far has held its green standard change line. So its signal is neutral. So as well for the Swiss Frank out there. That's the one that shows a TD-9 count top and that's right here next to the US dollar index. The price above that green standard change line. Let me switch over and show you the other set of charts. I'll do this. This is using Stevie's synthetic tool for the US dollar index. It just stitches together the contracts. In this case here the September and December contract better and that case then because I've got more information it can provide us with additional profiles and voila there you go. Here in the upper left hand corner for the US dollar index you'll see this is showing a new profile forming below price. That is a bullish message. That says support would be at 111. So you got 111. For the top of the profile on the E-Signal platform 111. Bottom of the profile on the Ninja Trader system. So 111. Very clear for us, Kota and for a peak G out there. That is really the key level. If price close below that, that really suggests a further move lower. Now that further move lower we default back to this black background chart and that would tell us that price would pull back into the 110 to 109 area out there. So hope that helps you out. Thanks much for the request. Let's go to we've got a call around the line. It's Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you today? I'm doing great, Steve. I'm so happy to hear your voice and that you're doing okay. Yes, doing just fine. A lot of folks though, if you've never been through a hurricane which you see it coming and so forth and so it gives us the opportunity to escape to high ground and batten up the hatches, so to speak. When you go through them though, the damage that is done is just extraordinary. So those folks dealing with the water damage, the power issues, it's still hot down here. That's a mess that's going to last for some time out there. But all is well here and hope all is well with you. Also, haven't spoken to you for a while. Yeah, it's all really great and it's happy to hear that you're doing okay and that can be very stressful. I'm sure you're dealing with the property and when you're biggest investments and you got to deal with insurance and all the different things that come with it. I'm sure it's not an easy deal. We'll take that versus having the troubles that some of the folks are going to deal with. I know you want to talk about GFI, Goldfield, is that correct? Yeah, I've been trying to go into a couple of different equities in that area. One is the silver and this one is more in the gold area but I just wanted to get your thoughts on it and I know there's a lot of work to do. A lot of these had a good day yesterday of course with gold up and the volume was decent but I just wanted to get your thoughts on it. Sure, so we'll take a look at the charts here. Let me switch over to the white background charts here. Just give me one moment. So yes, it was a nice deal. It's got a couple of different bottom patterns out here. So that's certainly something you like to see. It's got a wave number 7 pattern that was confirmed on September 27th. It has an erosement to mindicator bottom pattern. That was confirmed yesterday with the gap to the upside. Price is trading with inside its profile out here. So Brett, there's no signal to suggest that GFI wants to do anything other than at the moment go up and tag the top of its profile resistance at $8.50. So that's the message coming from the daily timeframe chart. The weekly timeframe chart does have an A to B equal CD pattern. It looks like that is going to be some of the draw in the A to B that didn't work out. The draw in the A to B line and then we'll just simply take that to the C point. So here's A to B and if we take that, it's going to be close or maybe not close at all. Now, so I don't have it confirmed by the D point pattern out there. That would have had to have taken price down to about the 560-ish type area. So I don't have a confirming signal on the weekly chart. What the weekly chart can assist you and I with here, Brent, is that oscillator and change line, which is $8.31. So what we do know is the daily said, hey, I want to make a move up to the $8.50 at the top of its profile but clearly that oscillator and change line is a resistance level. So in order for $8.50 to come to fruition, you need to see a close on the weekly base above $8.31. As I look at the monthly timeframe chart for gold fields, I don't have anything here to suggest that it's a bottom. I mean that it's not. You know, you first start with the shorter term timeframe. That's the daily. In order for that to bleed over into the monthly, we need to see price close above the top of that profile, $8.50. And then the next target level would be $9.49. Brent, what questions do you have about what we've covered so far? We're going to go to a break in about 15 seconds. That was it really, Steve. I much appreciate it. I'm sure you have a lot of questions that are coming in and people have things they want to ask you about. So thank you so much for your help in our prayers and just you take care and thank you so much for your help. Thank you very much, Brent. Thanks for calling. Always good to hear from you and folks I'd love to hear from you as well. 877-927-6648. Those phone lines are open. You're right. 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 company and keep in mind 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 Basil Chapman, creator of the trading methodology known as the Chapman Wave. 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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 4-side fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. At the charts for the semis we're using the SMH, the ETF. This is for Nicholas who wrote in and Nicholas thanks for all your well wishes as well. I'm just simply asking would you go over SMH, support new profile and so forth. Absolutely and I'm glad that you wrote in to ask about this stock chart. A couple of different things going on here. The first is that today is going to form well it appears that today will form bar number 8 of a TD9 account. In order for that to occur, Nicholas price needs to close below 192.37. Then this will be the low of the pattern. Tomorrow could be bar number 9. But in order for bar number 9 to complete price will need to close below 193. If those two things happen then you will get a TD9 confirmed TD9 account bottom but do remember that the bottom or the bottom of that pattern can't form on the bar following bar number 9. So that says Monday would be the earliest time that we would see a potential bottom signal. Now I'm saying that knowing that right now price is trading below its bullish and golfing candle and that's why I confirmed a buy the D point pattern. So that is being negated and that's really bad news and yesterday's rally right up in the oscillator and change line right up into the bearish structure of its current profile up in that 195.03 area and so you know the question is will this TD9 account pattern take hold and and I don't know the answer to that. We don't even know if it will form just yet. It's got the potential. What we do know is the price closes below the high or the low from this Thursday Tuesday. That low out there is 18889 the buy the D point pattern gets negated wait hold on oh this engulfed all those candles so yeah it would be that low it would be that low price where the yeah that's the price closes below make sure I gave you the right number 18889 the price closed which it is trading at right now and it gates that pattern signal and then that says geez this does not look good you know is the market really setting up for a significant move lower well if we just take a look at the trend channels out here price channels out here using the weekly timeframe below profile you are below a swing point from July that swing point in July did volume of 17,841,000 shares you're at 15 million shares as we speak right now average daily movements probably about 4 million shares so about 8 million shares more on top of the 14 that's going to take us over that weekly swing point volume of 17 million shares so this suggests that what price may be doing is targeting it's a descending trend line now where is that going to be I don't know what we can say is on a weekly basis 17046 is a TD9 count breakout level so that is most certainly one possibility that we're looking at inside the SMHs you look at the monthly chart the monthly chart is taking out the swing point of its B point of a potential A to B equal CD to the downside now if I may a TD9 count pattern because price did close below and is trading below 21614 its first TD9 count breakout level that suggests that price may want to target the downside the next area that's at 12611 that's what its message is real quickly just to look at the 30 minute timeframe chart see if there's any signal out here and the reason that we're spending some time on this reason I say hey thanks Nicholas for bringing this up so we could take a look at it is because markets typically do not bottom unless the semi is bottom and yesterday was looking pretty good today is looking like no not so good at all now let's go take a look at that longer term potential longer term will make that determination tomorrow A to B will see that's the monthly chart that's on the right hand side out here so the A point is going to be the high from November of 2021 the B point was the low at 18994 that's the low of July and then it makes a 45% retracement into the high of August 1st that volume on that monthly basis was 80 million shares you are already at 85 million shares so you have a confirmed monthly A B equal CD to the downside that suggests move down to the 11818 level it's trading below 18994 it's doing that with what looks like will be volume today a price is trading below the swing point from July July the 5th that is it's doing that on lighter volume about 2.8 million shares 2 hours into it 2.8 to 3.6 it's going to be close but looks like it still might be light volume but whether it's light volume or not it doesn't matter if you close below yesterday's well really the low of 2 days ago because that was a bullish engulfing about that one 18889 level it negates the buy the D point pattern now if you close back above that then the buy the D point pattern remains in effect even though price would be below the bottom of daily profile which is 19094 so Nicholas and everybody else I do hope that that helps you out you got to pay attention to daily time frame out here because it still has a bottom pattern it just being tested but watch that close inside the semis so thanks much for the request out let's see if we've got anything else that has come in the answer is no Steve does after hours activity effect Td9 close signals that's coming from peak G what ticker symbol are you would you be sorry that's from Dan what ticker so you must be talking just about like Nike a cash instrument or something like that Dan and if that's the case I do not use pre-market and post-market data so for me it has no impact out there you know where it where it is uses in the futures account so the futures accounts are the futures accounts whether it's during high volume or low volume time periods but with regard to the other instruments out there I don't I don't use pre-market and post-market data I'm not even sure if I could I'm sure that I'd have to work a little bit on that to figure out how to get these charts to do that and the problem is with Inside Ninja Trader I think I make this one change for one instrument it would make it for all instruments so I have not done that if I could find an easy way to do that I'll try to set that up and make you aware but I do not I do not use the pre and post-market data for cash instruments to make Td9 count decisions out there really any decisions whatsoever so I believe there was a request to take a look at Apple so AAPL I think that was from Nancy if I'm not mistaken or maybe I misread something but I'm not going to go back and we're going to take a look at Apple anyways if there was some other request from somebody in Tiger's Den post it now there's only a minute left in this minute and a half less in this session and then a couple minutes as we go into the close and we take a look at Apple out here well this looks basically awful so Apple right now is that AAPL so Apple looks disgusting so Mike I gotta make sure I got my data feed yeah wow they're $140,000, $342,000 so prices trading below this hammer candle that confirmed it's by the D point pattern that was a hammer candle from September 16th that low out there is $140,000, $837,000 that held yesterday and in fact you got really a you didn't get anything this Apple is not looking good let's let's go switch over so here these charts if I take a look at the daily time frame let me just expand it out see if there's another TD9 breakout level no so what Apple is suggesting it wants to do for you and I is head back to it's June lows so that and the semis that we just took a look at are not voting well here to the long side of these markets at least not as of 1150 you're below a B point inside of Apple that B point was the week that was September 16th the volume there was 568 million shares this month well we're 377 so you're passing with light volume you're back to breakout support that's 14316 but we'll come back from this break we'll further look at Apple we'll be right back Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value 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 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you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com welcome back folks so the stock chart for apple the daily time frame is up on our screen you'll see the first day to be equal CD to the downside this is a confirmed day to be equal CD the b-point on this was September 8th 84 million shares price got below that with 162 million shares so this suggests the one-to-one completion is around 140-79 so this says if we do see some type of bullish reversal candle over the next couple days if price does make its way down there assuming that it's going to close below well let's just the first target is 140-79 next target 134-41 so it needs a bullish reversal candle to confirm a buy the d-point pattern but there's more than one a to b equal CD pattern out here so for example there's actually three I'm just drawing the first two in that are the easiest to identify and the second one for the b-point would be September 16 which has volume of 162 million shares and right now we're at 56 so that's being passed with light that does not mean that this will not come to fruition and this gives you a price target of 130-96 but it's the first a to b equal CD that I would be paying attention to watch today's close if price were to rally and get above 148-37 then no damage inside of Apple let's go take a look at Facebook or Meta out here Meta yesterday confirmed a rose mint and indicator bottom pattern with that bull sash candle but price did was it found resistance and it's also in change line you also have a new profile here that has been that has formed today so the resistance zone is between 140-31 and 143-41 out there so you got a daily bottom you not have a weekly bottom 138-21 you would need a bullish reversal candidate confirm a rose mint and indicator and in the case of the monthly chart it suggests that price wants to make its way back into the 115-51 level that is its TD9 breakout area that was formed back here in December of 2018 you're trading into the monthly swing point that had volume of 104 million shares with 579 million shares so yeah you got a nice buy signal yesterday did not tell you we're going to get an attraction because price was unable to close above its red oscillator and change line if you get above a close above 143-41 this has legs otherwise what Meta is saying is it too wants lower price folks day two we've got some great programming lined up for you today and I may not be with you tomorrow I believe I've got to get over going to try to record between 8 and 9 just depends on the further damage reports over in Naples take care folks we'll see you again soon