 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes, toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to The Terrific Thursday, the October 28th edition of today's Trader's Zed Show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. The easiest way to do that is to always remember that life is happening for us, not to us. That's right. We need to make that one little two-by-four shift. It means we can find the gift in every set of circumstances that life is tossing at us. Now, today, you and I, we're going to go check out the circumstances of these markets. We're going to go figure out what the bulls and bears, what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here, but more important than that, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, I want you to know we've got you covered there, too. You can always go ahead and send me an email. Send it to Steve at TFNN.com. And inside that subject heading, if you would be kind enough to put radio show question in, in our Tigers Den. Well, any and every ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show right now. I've got all the U.S. indices trading to the upside. 1,000 up 155, S&P 32, NASDAQ 129, Russell's up 37, semis are up 60, trannies are up 164. So the two areas that you're going to really want to watch today are going to be the close of the semis and the NDX. Because if they close above yesterday's high, then their topping signals will have been negated. And that should be a sign that they're getting ready to motor on higher. So watch today's close. As you know, I believe most of you know, we've got Apple reporting after the bell. So we're certainly going to take a look in on those charts out here. I kind of screwed up a little bit during that one o'clock update. So real quickly again, what type of market are we trading in? Well, we're really trading in consolidations or consolidations that are have or are getting ready to break out. So we've got two that have given us a signal of a breakout. That's the ESMini, that's your upper right hand chart, and the Dow Equity Future contract. That's your lower chart. So yesterday at this stage here was a one hit wonder. It's a one day pullback and that pullback, which is what you would typically want to see, not necessarily one day pullback, but you typically see when price breaks out of a consolidation, you like to see price come back and test and reject that. And those two instances, they have done that. Now if they can close above their highs out here, their recent highs, they'll negate the topping signals that are out there. And that would be another bullish signal that price will then go target the measured move. Those are the yellow lines both to the upside end of the downside out here. So what the ES and the Dow are waiting for certainly would be the NQ getting ready to join that party. Would love the Russell 2000 to join the party. Does Russell 2000 have to join it? No. But likely it would. So the NQ, again, if it closes above yesterday's high, by the way, yesterday's high for the NQ, just so I can give you that number out here, that is going to be 1571750. You're 15709 right now. So close above that today negates the pattern. What happens if it doesn't close above it today? Well, if it closed above it tomorrow, you'd have that same outcome. If it closed above it today, then you have a topping signal that has held. Now, if we take, it's really kind of all. So what are the problems inside the NQ? Is there any problems that we see out here? And that's a good question. So we take a look at both the bearish side. In my say bearish, I'm not referring to bearish, you know, 25% correction. I'm just talking directionally speaking out here. So as we take a look at the NQ as it approaches a resistance area, the top of its consolidation level, the next issue that I see out here is that the QQEW, that's the upper chart out here, has not taken out its highs. Whereas in the case of the equal weighted, it has. So what does that tell us? Well, first of all, when you see divergences like this, they always offer caution. You really want to understand what is the message of the equal weight. If the equal weight is trading at new all-time highs, in order for it to do that, it has to trade above 1778. As an example has been 116.54. So this is a caution sign. It's not a go back up the truck and short it. It's a caution sign. Why is it just a caution sign? Well, because what this is also telling us is that the weighted instruments inside the NDX100, they're the ones that have been able to lift the markets higher. And not until we see tops in those instruments out there, will this equal weighted divergences signal have any meaning? Well, that was a mouthful out there. And I probably confused the heck out of you. And if I did, my apology. But what I was really trying to say, which was the chart that I was showing as we began that one o'clock segment was, let's go take a look at the top eight instruments inside the NDX100 that represent over 51% of the weighting in there. That's right, eight instruments that represent over 50%. That means the other 92 plus instruments out there don't mean a thing if they ain't got that swing. Well, they do have meaning, but these are the ones. So we know that Apple is coming out with earnings tonight. Well, if we take a look at Apple, if you're asking me, do we have a topping signal? Well, then the answer is we do right now. What is that? That is called that seventh inning stretch. That is in honor of the World Series that is out there. It's always funny to call it a World Series when most of the world doesn't participate, but it's still the World Series. And I love it. Just saying, but if we take a look at Apple out here, it did get to that wave number seven. Now, that can't be confirmed until you see a lower high, which will be tomorrow. But there's the possibility of a top insight of Apple. Whereas this morning, we didn't have that out there, but we do know that price has taken out the prior high. As far as resistance, so that could be, could be, could be, not saying sell Apple out here. If Apple does move lower, the place where it should find support is that green oscillator and change line. And that's in the 147 and change level. The bottom of its profile is 146.71. The resistance level for Apple is 155.48. It's only three bucks out from where it's trading right now. So if after hours we see Apple trading above 155.48, that'll be okay. It's ready to head higher even though it's got that wave number seven out there, but it would be taken out a significant level of resistance. So Apple's got the potential of a topping signal. How about Microsoft? Not a chance. Not a chance out here. It's bullish. There's no topping signals out here. Yesterday's gap to the upside big move, kind of a wide ranging bar for it. So it looks like it wants to continue to head higher. Amazon is taking out the resistance of its sell the D point. That sell the D point firm can confirm with this little bearish and golfing candle. The high of that candle is resistance. The high of that candle is 3462.86. You're 3470 right now. And also at that 3462.86 level is the top of its bearish structured profile. So if Amazon closes above that, that tells us it wants to continue to move higher. That would certainly not be bearish out here. Tesla is anything but bearish right now. Not that it couldn't form a TD9 count top. It just hasn't done that today. And it needs to close. At least at least not close. It needs to tick above the high from two days ago. Perhaps Tesla is going to form a TD9 count. Perhaps not, but perhaps it will. And that says it could do it tomorrow on Friday. Which by the way, join me early. 8 o'clock sharp. Well, really I think 806 sharp out there is I'm going to record tomorrow's show between eight and nine. Just as I've been doing for about the last six Fridays out there. So please join me live for that. But that show will be repeated during the one o'clock time frame. But Tesla no topping signal. Google no topping signal. A new A to B equals CD to the upside. Nvidia does have a TD9 count pattern. That could suggest to move back to 230, 240. Facebook is trying to bottom. Just doesn't generate that bottom. Well, we'll have to see at the end of the day. In Adobe, Adobe does want to pull back and just test that green oscillator and change line to about the 625 level. Steve Rhodes with TFN would love to hear from you. Give us a call at 877-927-6648. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. Steve won the prestigious Timer of the Year award in 2018. And barely missed that mark again in 2019. Finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At 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. What's separating you from the most successful men and women on Wall Street? That's right. Information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets such as stocks, ETFs, commodities, futures and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code UPGRADE and you still get a 30-day money-back guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner which you can find under the services tab at TFNN.com. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis but 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, TFNN 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. Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing today? I'm doing great, as always, Steve. That's nice to talk to you. Hope you're doing well. I am, thanks. So I was thinking about you on Sunday evening, I believe it was, when they were the 49ers game was on and there was just a gigantic torrential rain that was going on there. So I have to mention that impacted you. Yeah, I mean, you're in that area. So any problems that that pose? I mean, I did see a few landslides, so to speak, out there, but you're good in your area? Yeah, no, that was a blessing, honestly, for, I'm sure there's people that were affected by that. Yeah. But we certainly needed it and it came through big. I told you we have a creek, you know, on the back of the property that was down, really desperate look in it. It's back up there. It's flowing good. And as a matter of fact, there was a big, it was a good size. I'd say it was at least 500 pounds, probably more. I had a tree back there, Monterey Pine, just kind of notorious for not surviving. They have a problem with bark beetle. Okay. And even though it's probably, I don't know, the tree is probably 50, 60 years old. It just, if the beetles get in there, they just, they basically draw all the sap out of them and they just, they turn brown and they die. And so that's it having that tree, I'd have it cut down. Well, it was right on the edge. There's like a little peninsula that goes out there. And that was on that part of the, you know, where that's where it sat. And so when they cut it down, I guess there's a piece of it and it up down the creek. There's no way they're going to haul it out of there. And so they just left it down there. And the tree got up and the volume that pushed out whole dam is gone. It's off my property. Oh, okay. It's right out in the bay some more out of nowhere. Not in my yard anymore. Water is a powerful, powerful natural thing, so to speak for sure. But, well, glad that you're okay. Which is what a torrential rain. That was, I was caught in a rain like that on Saturday playing golf. And the guys I was with, they're like, no, let's keep playing. I've never been so wet in my life. And after about four or five holes of that, I said, you guys keep playing. I'm going in. But anyway, you called to talk about Vail Valley. I'm not sure the, I think maybe Valley is the, V-A-L-E is the ticker symbol folks. You sound like me. That's what I do when I'm trying to pronounce it. Yeah. It's one or the other. I know that. So, or maybe we're both wrong. But tell me what you're doing here and how I can best help you. I did buy into this. It had that low. I put in, it was like 1280. It was a little off of that. Yeah. If you take the high, I believe it was July 29th. It would be the eight point. And then I don't have all the different, like where the beef went, or you can see it from that eight point. Yeah, yeah, absolutely. I clearly see it. I think it did less than a three, two or three minutes. Came down and put in that low. I think it was a little more than a one to one down there. And it's, I think it's a little bit of a work at the top of that, but basically a little hammer candle there at that low. Correct. Just wanted to get some thoughts on, you know, I'm sure there's errors above and have to be watching. And I think it's actually come out the earnings after the close today. So I have my stop in kind of blow that area if it fails. Perfect. Okay. So you really got two bottoming signals here. One was the A to B equal CD, a one to 1.272 pattern. And so that day that it was a hammer candle. This is where it's always gets confusing to me because it was both a bullish and a bearish candle, a bearish candle because it was a gap to the downside, a bullish candle, because it turned out to be a hammer candle. So those are always confusing to me as to what do you really mean out there. But let's still go with it as being a hammer candle because it was, so it can't take that away from it. And the second pattern was that roads meant to indicator signal. So that's the positive out there. And from a trade standpoint, I would think that if you saw price close below the low, hammer session, you need probably go ahead and exit the trade, or at least it would tell you no bottom just yet. And, you know, says price could go lower as to lower. If we take a look at the weekly timeframe chart out here, no bottom there, no bottom signal. We do have an oscillator and change line and it changed colors recently. So that can slow down the move out here. And basically since that took place, we've seen more of a sideways to slightly lower move out here. But if that hammer candle doesn't hold, if that bottom pattern fails, then Brett, the next area we'd be looking at is about $10.39. That is the breakout level on the weekly timeframe. The breakout level on the monthly timeframe is at 981 out there. So those are the signals that I see for those timeframes. If I look to the 30 minute chart here real quickly, see what happened. When this bottom back of that hammer candle at about 2.30 in the afternoon, you got to a TD9 count bottom. That was on October 21st. And then price made a A to B equal CD to the upside. Now it's making, well, it's got a TD9 count bottom. So it did that at about 10 o'clock this morning. That low has been pierced, but it hasn't been closed below. And you had another hammer candle that joined the party at 12 noon. Now folks, we're just looking at 30 minute timeframe charts out here. So if this is the bottom, let's say in Valley for its 30 minute timeframe, we should see price take out its oscillator at about 13.30 and then move up to the 13.71 level. And you'd like to see price close above that. So that's what I see on the short term timeframe back to the daily out here. You do have a brand new profile that formed. Now it formed a couple of days ago. So the support area here that you're also watching Brent is 13.09 and then the resistance zone, the cell zone is between 14.52 and 14.73. So from a daily standpoint, that's what you're really looking for price to move above. Now prices back inside that hammer candle, that hammer candle back on October 21st did volume of 75 million shares. Today's volume is 17 million shares. So the ideal trade here for those that are listening in that are considering saying, hey, I want to follow Brent. That's pretty much everybody. The rejection is what you're looking for and that would be a close above the top of that hammer candle. And that's at 14.61. Do you need to have that happen for to show bottom? No, because that hammer candle already had the bottom signal, but that would just be another level of a test and rejection of a swing point out there. So I know that was a mouthful, but you're very adept at this stuff, so pretty easy for you to follow along. What other information, what questions may have been posed in going through that information for any of those time frames? No, that was great. I'm glad that you went over potential areas if it doesn't hold, because that's why I have that stop in order to not hold that level. Then I'd be wanting to look at it at lower price and you gave me those levels so that's helpful. I was kind of hoping to get that too. Perfect, perfect. So it's got a chance for romance for sure and it's nice now that you've got the bottom of that profile. I wish it was a bullish profile instead of a bearish profile, but it is support. And so you've got really two levels to be watching, the low of the hammer candle and that 13.09, the bottom of its daily profile out there. All right. That's great, Steve. Thank you so much. It was nice to actually get that rain that helped a lot and that was enough to, we probably got, I don't know, 8 to 10 inches out of that storm. It's probably the longest stretch. I think a range for like 30 hours straight is without a pause. Well, I hope some of that rain or some of that water gets over into Lake Mead, over in Las Vegas. That water level, you know, I used to, years ago when I had a bunch of retail stores in the casinos out there, you know, you'd spend the weekends that would go over to Lake Mead and even then, you know, the water level. And this goes back now probably about 15 years ago at least. The water levels were coming down, so hopefully they got some rain. In any event, Brent, we're about to go to a heartbreak here. So great to talk to you as always. I look forward to speaking to you again soon. That was Brent in Martinez, California. Folks would love to hear from you as well. 877-927-6648. We'll go take a look at goalie locks for John and Dan as soon as we get back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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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. We're going to take a look at gold. For John, the Tiger's Den, his question is basically, past five days gold is stalled. What technical resistance is there in your work out here? First, let's answer the reason why price is stalled or the likely reason. Remember when the oscillator and change line changes colors, as it did for gold back here in the trading day of the 25th, so it was changing on the 22nd and the 25th, and what we've seen since then is just to move sideways. And what we typically see, the outcome there is a test of that oscillator and change line. Now, when it changes color from red to green, a test and rejection of that level is very bullish out here. As price actually tested it, yesterday was close, was no cigar, may have been a test, but that's the reason why we've seen the stalling. And now today, what you have, John, is you've got a new profile. So you ask the question about resistance, and so that resistance level is going to be the top of this profile, and that's at 1815. We didn't have that during the last couple of days, but that profile has formed, so that's an area to watch. As we take a look at our four-panel chart here for gold, these are the four future contracts out here. The one we're trading is December. That's over on the left-hand side. I'm just simply going to expand it out, so we're all looking at the same thing. And what we can see here is you can also see a descending trend line. And the descending trend line, the state-setting trend line, you can draw this out of your system. I'm starting with the high out here from June 1. And then just simply going ahead and tagging the high out here from the trading day of October 22. We can see that today's move higher ran into resistance there. Another trend line that I'm using is from September 3. And then I'm using the high of that shooting star candle from October 22. And that's also at the 1815 level. So there's trend line. There's profile. We're waiting for the test of the oscillator and change line. I mean, there's a number of reasons. Now, is this bullish or bearish? I consider this to be bullish at this stage, but it's going to have to prove itself to us. There's one, a couple other levels out here with regard to gold that we could take a look at. And that's at the three river evening star. That's a bearish reversal candle. That took place on the trading session of October 1. I'm sorry, it wasn't October 1. It was October 13, the 14th, and the 15th out there. So 1801.90 is a resistance level. Price is traded at 1803. If price can get through that, there's a bearish shooting star candle. And that's at the 1815.50 level. That's the candle system from October 22. So these are just simply the resistance levels. These are the tug of wars. These are the battles that are ongoing. And if price can clear these levels, then it's off to the races. Now the races out here are probably about 1838. Before price gets to 1838, no. 1836.50, if we want to be exact, that's the high from September 3. And 1838.70 is the top of that weekly profile. If price can clear that level, then we should see it move to about 1866. And that would be the setup. To the downside, what you really would be watching the 1774.60, the bottom of that bullet-structured weekly profile. Now last week on Friday, we had a close above the center. That was 1790. If we close above 1790.60 again tomorrow, two consecutive closes are going to really suggest that run to 1838. So John, I hope that helps you out with regard to gold. The logical reasons why price is struggling, where it's at, because of the sellers, and they have shown their hands to us. And now we just have to wait to see who's going to win this battle. At this stage here, my money is riding on Goldilocks to win the battle. But only time will tell. Let me take a quick peek here, folks. No other questions in the den. See if I've got anything by email. There was a question that did come in. I don't know where it was from, but that's okay. We don't need to know. It was from TRIT. TRIT is the symbol out here. That is Triteris, Triteris Inc. Anybody see Venus in the sky? Not last night, but the night before? Oh, man, what? I cannot believe how bright Venus was the other night. I mean, it looked like it was nearby in any event. It was nearby. So if we're looking at TRIT, Triteris Inc. Quite a day out here. Quite a day for buyers and sellers. Now, the buying took place at a low of about, let me see. This is a gigantic move out here. Unless I've got a bad tick, and I don't think I have a bad tick, but it went from a low this morning at $6.93 to a high of $9.51. I can't do the percentage math in my head that quickly out here, but that's a gigantic percentage move. But now price is trading at $7.37. Now, what I don't know is what the question is. But here's what we do know. Price ran in resistance. That was the top of its weekly profile, $8.17. Yeah, price got above it. But what you really need to see in order for TRIT to be in a breakout type mode, you've got to see a close of $8.17 out there. Now, you've got big volume behind the move, so I don't know what they've cured, but price should be able to get back up to test today's high when that I don't know, but it should be able to get back up there. On a daily timeframe, do I have... Oh, there's a bunch of other resistance levels. There are TD9 breakdown areas at 809, 816, 794. So that's the resistance level. Looking at a long-term chart, longer-term chart for this. Monthly, or weekly, I should say, is this bottom with a TD9? No, it did not. Let me see here, one quick second. That low, $497, that low. Oh, yeah. So it did bottom with a TD9 count pattern out here. That's on the weekly timeframe chart, but resistance is resistance, and that's at the $8.17 mark. Now, today's going to be bar number seven on a weekly basis, so this could form some type of intermediate term top within the next three weeks out there. Other than that, I don't have much to share with you on this instrument. If we looked at it real quick, short-term timeframe chart, nah, not really anything there to focus on. So I wish I could provide more information for the ticker symbol, T-R-I-T, but it is what it is. Fletch wants to take a look at skills, and SKLZ, or those Skittles out there. I haven't had Skittles. I know they're popular. And this time of year, in those trick-or-treat bags, I think most of the kids get a lot of Skittles out here. So we're going to go take a look at Skittles via SKLZ. That is Skills, Inc. Now, Skills, Inc. is trading above the top of its daily profile, Fletch. So where's it at to do next? You're exactly right. It's headed to $12.18. $12.18 is the top of its slightly bearish structured weekly profile. So a close above that would be a very positive thing. Let's Stevie get SKLZ. One of these days, I'll learn how to type. I just want to get on my white background chart. It's a daily and the weekly time frame. See if there's any kind of signals out here for Fletch in the Tiger's Den. Happens to be the 30-minute chart that popped up on my screen. So you could see a short-term top out here between 2 and 3 o'clock. You'll only see that if price gets above, just has a spike above $11.66. Well, geez, you're $11.65 right now. So you've got the potential for a TD9 count top on the short-term basis. Now, back to the daily. The daily happens to have a TD9 count top as well. And price that form right at its TD9 breakdown level, and that was at $11.29. But price is trading above that right now. So what you're really looking for here is a close above the high from two days ago, $11.75. If you get that Fletch, that says long and strong. The problem is long and strong up to $12.53, because that's also another TD9 breakdown level. A close above that, back to long and strong, long and strong, there would take you to $14.60. And so those are your battlegrounds. Your first battleground right now is going to be the high from two days ago. And that's that TD9 threshold resistance level. And that's up at the $11.75 area. Above that, you're looking at $12.53. And above that, you're likely looking at $14.69. At least that's from the daily charts out here. The weekly charts are saying, hey, man, I want to get to $22.34 or $24.03. Steve Rhodes with TFN, that was Skittles, really SKLZ, for Fletch in the Tiger's Den. We'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? 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Now let's go see if we can see any kind of bottoming signals here for Joe on the daily timeframe. As we take a look at the daily timeframe, let's populate it and we see not a zilch, nothing. There is support between 49.97 and 51.16. So you're long. If I saw a close below 49.97, and probably want to get out of Dodge, that would be about a $5 loss to you. So hopefully you've got the proper position sizing. Today is an inside bar on the daily timeframe, Joe. And an inside bar, if that's how it completes, I don't know if it will or won't. But we're speaking about 1.43 in the afternoon. In inside bars, the meaning that they typically have, there's not 100% anything. The only 100% guarantee you can get here during the one to two o'clock hours. I'm going to give you my best, that much I guarantee you. But an inside bar typically says that the current trend will resume. Well, that trend is to the downside. Now that downside trend might take it 51.16, 49.97. We look at the weekly timeframe. So that's the forces so far in the daily timeframe. The weekly timeframe says, hey, Joe, I don't know what you're talking about because I'm headed to 37.35. So again, that makes the low of the, of this instrument over the past few days, a really critical area to watch and observe. On a monthly timeframe, month of course is not over. But it says, hey, I like the price of 47.92. That's where it broke out on a monthly basis. So 47.92 I think is a key area. If there were clothes below that, that spells trouble in River City. Now you're of course a short-termmer out here and looking for, hey, where can price trade up to? And you're wondering about the 57 level. Hey, at 55.23 on a 15 minute basis, you've got some significant resistance there. So that's a level to be watching if price does move higher. The 30 minute timeframe generated a TD-9 count and a rogement to indicator bottom. Those are still in play. They're saying 56.01 to 50, 50, what? 50, okay, I even can't read that, 56.43. So you're looking for 57.18. I would lower those estimates. It sounds to me like you're probably in some type of options trade. Does it have a chance to get to the 56.01 level where there is a new 30 minute pro, this is a 30 minute chart that we're looking at. That's fine, 54.26 is the level you're looking for price to get above if you can. 56.01, the only reason why we're focused on the short-term timeframe charts because daily, weekly, and monthly are saying snap, not getting ready for prime time. But on the 65 minute chart, you've got a rogement to indicator signal, resistance, your battlegrounds are gonna be 54.67, 55.17 and 55.68. You clear that, you're in a pretty good spot. 130 minute chart out here, no bottom just yet. I take that back. It did confirm a rogement to indicator bottom on that prior candle. So that's a short-term. So here, we're gonna answer your question this way. Yeah, there's a possibility, and it does look like in the short-term, this should continue higher out here. The levels I'd be concerned about are 56.01 and 56.43 at the moment. So I hope that helps you out, Joe. And again, it looks just like a very short-term timeframe trade. We've got some other questions that have come in. Thank you to everybody that's doing that. Let me get rid of all the trash that is in here. It doesn't take long. I don't know how many emails folks you get, but I can't slow these things down, unfortunately. But Hector and the fuel injector wants to take a look at Facebook out here. So let me get this off my screen, that snap. Let me pull that off the screen. Let's go get those white charts populated. While at the same time, let's look at Facebook on our three-profile timeframe set of charts out here. So praise below the bottom of its daily bullet-structured profile below the weekly. And this says that Facebook could be targeting 292.75. That's its next level of support. That's the monthly bottom of that box. Hector goes on to say happy Thursday, Thursday. Back at you, my friend. Facebook, you want to load up and buy the D-Point. Isn't this setting up a textbook dead cat bounce right here right now? Let me pull over to the other charts here for Facebook. So let's go take a look at the daily timeframe first. And on the daily timeframe, right now you're getting a bottoming signal. Now, this depends on what the candle session looks like at the end of today's trading. But here's what Facebook has done. Formed a TD9 count top. It has now pulled back to its breakout level of support. That was 30357. The actual low on the day is 308.11. So, and that's the second breakout level. We can see how prices stretched. We've got that Rosemont Dementicator signal. And if you do get a bearish reversal candle today, that would confirm a bottom. Now, you asked about the dead cat bounce. And so if we get this bullish reversal candle here, first battle of resistance is going to be a 321 and change. That's the oscillator and change line. Above that, you then get back into that bullish structured daily profile. Dead cat bounces will end at the center of a bullish structured profile. So the dead cat bounce that you're asking about here, is a 330.77 out here. Is this an oversold kind of a bounce or something like that? Maybe that was really the words that you were trying to use or what have you. But for me, the dead cat bounce here is where is the resistance level? And it's very clear inside of Facebook because it gave us the benefit of that bullish structured profile. Once you close below that, that's where the make it or break it level is. Now, not that the bottom can't be a level of resistance. It most certainly is. So we'd say between 325.39 and 330.77. That's the daily timeframe. Monthly chart out here, we're not going to see any kind of a bottom signal other than price pulling back to its breakout level of 30357. But back to the short-term timeframe, right? Because we see some signals on the daily timeframe. So we want to understand what's going on short because if you're going to really form some type of bottom with any kind of meaning, we should see those similar signals on some or all of the short-term time frames. Turns out in the 30 minute, you have a confirmed rose momentum indicator bottom. Price is above the profile level, the top of it at 314. This says that 330.21 is a level that this could easily bounce up to the 65 minute timeframe. You've got the same, a confirmed rose momentum indicator bottom with a bullish hammer candle price right now taken on resistance at the 317 and change. Let me get you the exact number out here, Hector. That's at 3, 3702. Yet above that price moves higher, 130, the 130 minute timeframe. What do we have out here? Not much. So we'll just simply move on. And on the 195 minutes, you've got a confirmed rose momentum indicator bottom with the battle being at 317 and change really called flutes called 318. You get above that, that says price could easily move up to the 337 level. So back to your question with regard to Facebook, which is you really want to load up on this thing. Wait till tonight for sure. Let's wait to see how Apple trades. Let's wait to see how Apple trades. And the reason is because if we can get the breakout signal, the breakout of the consolidation Hector, then Facebook will probably go along with that. Again, those signals that I'm referring to are these patterns right here. Right now, we know that the NQ is attempting to break above that. And the NQ, a close above, again yesterday's high and price is trained above that, is gonna be the first signal of a breakout that's underway that could take the NQ up to the 16, 928 level. We are in that favorable seasonal cycle. And what the global capitalists are loving, they're loving Uncle Joe, who only has a framework. But when we know about that framework, it doesn't include gigantic taxes to corporations. And that's what global capital loves to hear. That's all you came up with was a framework. We'll be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority 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. 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I don't know what Lockheed Martin did, who they shot out there, but they shot themselves in the foot. But let's answer Daniel's question. An easiest way to answer your question, Daniel, is to take a look at the weekly timeframe. Not the weekly timeframe that shows up on our screen right now, but this weekly timeframe, because it really goes ahead and communicates to you and I what Lockheed Martin is doing, which is just simply consolidating. It's consolidating between TD9 breakdown resistance, that's at 396.61, and TD9 breakout support, and that's at 330. So I don't know if you're long, if you're short, if you're looking to get in, it would be a aggressive trade that we're getting right now with that wide range of bar coming back to that weekly level of support. But it's pretty clear, and you would go ahead and close out the trade if you saw close below 330. If we look at the short term timeframe charts, because those are going to be the only ones that are going to have any kind of signals out here. A 30 minute, we do see a roadsman to indicator bottom, so it's at least working off the oversold condition out here, but it does look like it wants to continue to move higher. The 65 minute timeframe chart, the same thing, price right now is dealing with the top of its profile, and so a close above this level, which is 334.17, here 334.18, right now says I want higher price. 130 minute chart, roadsman to indicator bottom pattern out here, so you've got these signals of at least a counter trend move. Let's say this counter trend move takes you up into about the 341 level, but what you are doing is you are seeing short term signals at a time when price pulls back to a level of support and that's 330. So here's what we know, Dan, if price gets below 330, this thing is headed south, but right now price has made its way back to support. The last question that came in was to take a look at regenerant. REGN is the ticker symbol out here. We can do this relatively quick. Today's going to be bar number eight of a TD nine counts as a good top between today and Monday. Short of that price wants to go target 656. That's a daily message. The weekly message out here is priced right up at resistance. That's at green oscillator and change line. So a close up of 613 would be bullish as well and say it wants to continue to motor on higher. Folks, have a terrific Thursday. Join me tomorrow morning at eight o'clock sharp. We'll see you then.