 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. Hello and welcome to the November 11th, The Magical Monday. In fact, it is the Veterans Day edition of today's Trader's Edge show. Great to be with you. Hope everybody out there is having a great day. Look, we're recording this show between 8 and 9 this morning. If you happen to be listening in live, we'd love to hear from you. You can give us a call at 877-927-6648. If you can't call in and you're still listening, again between 8 and 9 this morning, feel free to send me an email, Steve at TFNN.com inside the subject heading. Just put a radio show question for any instrument, anything that you'd like me to take a look at. And of course, inside our Tiger's Den, any ping it will do. So it is Veterans Day. We honor those who are or have served in any of the military branches, any of the armed services out there. So thank you for your service. I promise to be as much service to you as I can during this next hour. So definitely would love to hear from you. So let's go ahead and get this show started on a magical Monday, again, November the 11th. It's now 8.07 in the morning. And of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. Currently, we've got the Equity Futures all trading lower. You've got the Dow down about 113 points. The S&P's off 11. NASDAQ's off 33. Russell down seven points. So all about four tenths of a percent to the downside. Spot volatility index has spiked up. It's up about 10% $1.20 right now. So you want to watch that 10% level coming into today's close. If you see the spot volatility, so the one day rate of change greater than 10%, the odds favor you see some type of bouncer bottom pattern in the overnight trading session. Nothing to worry about at 8.08 in the morning and at 1.08 in the afternoon. It's all going to be about the close and where that spot volatility index is trading. If we take a look at overseas markets, you had China and Japan close lower. They were off by, well, you had the Shanghai traded down 1.8%. The Hang Seng off 2.6%. And the Nikkei down about a quarter of a percent or 60 points out there. The Australian markets closed higher by three quarters of a percent, 48 points. It closed out at 67.72. That's the S&P, Australia 200. The DAX and the FTSE right now are trading lower. The FTSE is off a little over 1%. The DAX down about four tenths of a percent. You've got gold that is basically flat out there down 20 cents. So no big deal. Silver's off four pennies, about a quarter of a percent. Lights, we crewed down 1% right now. She's trading out at 56.67 and natural gas. Big, huge gap to the downside as trading opened creating a third bearish pattern for it. So we'll take a look at that. The third bearish pattern being a island top pattern with the gap to the downside. You've got, now the Treasury bond pit is closed today. You've got electronic trading going on. So how reliable is it with such a thin market? Probably not that reliable. There is some movement inside the currency market, primarily being the British pound. So we'll take a look at it. We'll take a look at the US dollar index was trading down 20 ticks right now. Trading out at 97.95. I do have a 10 minute delay there, so it's not trading exactly at that as we speak at 8.09 in the morning. So where do we want to begin? We don't have any questions that are in just yet. So where do we want to begin? Let's trade. I think we should begin with the equity futures markets out here. So in overnight action, what we have here, if you're watching us on Tiger TV or inside the den, hopefully you are. You can see my charts out here. And what we can see is that both the ES mini and the Dow equity futures contract, that's ES. That's a left-hand panel and the one that is third from my left or second from the right. That's the Dow equity futures contract. And this is a daily timeframe. We're just looking at bars out here. But what I want you to, not that we need to go to the bar or anything, but not at 8 o'clock in the morning at least. But what I want you to be focused on is that the ES mini and the Dow are both trying to form a brand new daily market profile. And I'm using Stevie's advanced Doppler indicator out here. And it's always possible that these profiles will not form. But we do have advanced information. So we'll use that advanced information. And what this tells us is that the ES mini may just simply pull back and test support the bottom of its profile out there, which will be 3058. We're trading at 3079 right now. So it's another 21 points to the downside. I'm not making the prognostication that that's where price is headed to right now today. But that is a level to be watching. It's especially a level to be watching as we come back tomorrow and we revisit this tomorrow to see if these profiles actually hold or not. There's a possibility that it won't. But again, you and I are going to use the information that we have available to us to make our trading decisions. Now it would be a close below the bottom of that profile 3058 should it form. That would then signal to you and I that there would be a change in trend. Now you may say if there's a change in trend Stevo where would price head back to. So if we take a look at my other charts out here or my other chart I should say for the daily timeframe. Here you're going to take a look at an A to B equal CD pattern. You're going to take a look at two of them actually the one that comes off of the low back in the August time frame. That's the one with the black diagonals on my screen. And what you can see or should see here is that the one one A to B equal CD would take you to the 30105 level. Now price has not gotten up to exactly 30105. We use that as a guideline. So far the high in the yes many took place on November 7th and that high was 3097 3097 versus 30105. That's close enough for me. Hopefully it's close enough for you. Now when I say close enough it's only close enough to attaining that price level out there. But that doesn't mean that it's a sell now and take a look at the chart. You'll see two A to B equal CD. I'm going to go ahead. You'll see a smaller one the red one out there. That's just a pattern coming off a low from October 3rd and then the retracement low from October 10th. And then you'll see a one to two A to B equal CD. Now I'm going to get rid of that one out there just to get rid of some of the noise that's on my screen. So now you'll see the larger one that's in play out here. And more important what you will see is you will see Stevie's green line. And that level is 3072. So we took a look at 3058. That was the bottom of the daily profile. We also have Stevie's green line or the oscillator and change line. Price must close below Stevie's green line before it gives you even the earliest hint on a daily basis of a change in trend. So you'll want to watch 3072 again. I don't know where price will be trading at one 13 in the afternoon and one 13 in the afternoon. I'm sitting in a dentist chair just so you know what I'm doing with my afternoon out there. And you know how much I love the dentist. Actually I do because you know hey having our teeth is a good thing out there in any event. That's why I'm recording the show here at eight o'clock in the morning. So if we take a look at this chart here we also can see that today may be a bear may generate a bearish engulfing candle. I don't know if it will or won't 814 in the morning is too close to call too early to call because we really have to wait for the candle session close. But should we see a close below the open on Friday in the ES mini. So let me give you that figure the figure you're looking at is 3086.25. If there's a close below 3086.25 today how you're going to receive or it's going to generate a bearish engulfing candle. Now that bearish engulfing candle will then confirm the A to B equal CD patterners I like to refer to as the sell the D point of the A to B equal CD. And it's just a coincidence I suppose that using our Chapman wave counts out here that the ES mini is in wave number four or letter D. It's not the sell the D point I'm referring to but nonetheless the key level today in summary 3072 the change in trend signal 3058. We'll be right back. 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We're going to make this show as pertinent for you as we possibly came at this hour. So some of you if you listen to the opening segment out there, we were really focused on the S&P futures contract taking a look at the daily equity futures. And if noted that the ESM and the YM are both trying to form new daily profiles. Now in the case of the NQ it has already formed its market profile. It did that for trading sessions ago and prices just an inside bar with regard to yesterday's Friday's action out there. And so someone might have said, hey, Stevo, you know, you've got the S&P futures right now down 12 and a quarter points out there. The Dow up 125. Why can't you make a change in trend call right now? Well, and that's a great question. And here would be my answer to anyone who would have asked that question. What I need to see, and I think what you also need to see, you need to see key levels of support being broken. So what are key levels of support out there? As you know, we just talked about that in the first segment. We use our TAS market profiles. Those help us to identify support and resistance where buyers and sellers are. The other levels that we can take a look at this chart here that we have on our screen is showing three timeframes. The top time frame is 30 minutes below that or in the center is 60 minutes and then below that is the 120 minute time frame. So because I'm showing three different time frames, the spacing of the bars on the bottom panel is much wider than it is on obviously the upper panel because it's in any event, I think you can kind of figure that out. But here's the deal. That really wasn't so important. Don't even know why I said that. But I did. And the key is, though, support, support, support and breakout support. And that's really what the key is. And you're taking a look at those red horizontal lines. There's going to be a change in trend. What we should see is we should see breakout support begin to fail on the shorter term timeframes, at least first, right? If there's going to be a change in trend signal, we should see it inside the shorter term timeframes first. But we don't have that inside the ES mini. You'll see a conglomeration. Can I call it a conglomeration? You'll see an area of congestion. That's probably better. And that area of congestion, you've got a breakout level of 306850, another one at 306950, only one point, and then another one that is just two points above that at 307150. Those are the areas on a 30-minute time frame basis where the ES mini must close below to generate a change in trend signal. From a 60-minute standpoint, I need to scrunch. That is a technical term out here. For the 60-minute timeframe, it's at 306875. There's our 3068 area. And on the 120-minute, it gets all the way down to 3037. So those levels, and at 1.21 in the afternoon, should tell you a whole lot about what the intention of the S&P futures contract is. If price got down to those areas, the 3068 area, and it holds, there's no change in trend. And it's going to be a confusing signal because I gave you a level that the ES mini needs to close below, which is above where it's trading right now, for it to generate a bearish engulfing candle, which, as I said, would confirm the sell the D point pattern. But when you get a topping pattern, really the first role and the first step, our first step is to say, OK, is this just a retracement back to support? And then we say, well, where is support? And so for you and I, it's easy. We're going to use Stevie's red or green line, the oscillator and change line. Again, 3072 on the daily timeframe chart for the ES mini. And we're going to use those TD set of breakout areas. By the way, in the ES mini, if price were to close below the bottom of that daily profile, then our target would become its breakout, meaning the daily target, which is 299875. There would be nothing wrong with price point. That would be your buy the dip area on the ES mini. Or what I really should say, that could be your buy the dip area. We would really need to see what else is going on at that stage and what's going on inside the other equity futures contracts to be able to put all this together. So in summary, yeah, futures are trading lower. And is this a significant top that I don't know. But what we do know is if it is a significant top out there, price must start busting through key levels of support. And in the case of the ES mini, that just simply is not the case out there. So the other one that has formed the other equity futures contract that has formed a new market profile is the Dow equity futures contract. The bottom of that profile is 27203. Remember that number. Now, if we take a look at the daily timeframe chart, this says of 823 in the afternoon, this too, meaning the Dow equity futures contract, may be forming a three river evening star pattern. That's a bearish reversal candle that would confirm its smaller A to B equal CD to the pattern. Not the larger one. The larger one that again starts back in August. That would be the black diagonal lines that you see on my screen out here, which has a one to one price projection of 28003. Really, price did not get close enough to that area to say that that larger A to B equal CD pattern has completed. It's just too far away to make that call. But there is the smaller one, the smaller A to B equal CD pattern that comes off of the October lows. That was the October third low. And then there was a move higher for a couple of days in retracement into a law on October 10th. It was about a 69% less. We'll call that close enough to 0.618 retracement out there. And now you can see that price did get to the one to two level. And if today's bar closes, I'm going to eyeball this around below 27,550. We'll call it 27,550, 553 right around there. Well, it's got to be halfway into the bar from November 7th in order to be able to get that three river evening star. But regardless of that, even if you do get it, price still must close below 27,399 to generate that change in trend signal. That's the daily oscillator and change line, Stevie's green line out there. So those are the numbers to be watching this morning. If we do take a look at the Dow equity futures contracts, short-term timeframes, let's pull those over here. And the levels that price must close below. So you've seen a close below inside the Dow. You've seen a close below two of its 30-minute breakout areas. The third one out here is at 27,404. And then you get to the 60-minute timeframe. And I think I'd probably defer to the 60-minute timeframe at this stage here to generate a change in trending signal about 27,306, not about. It is at 27,306 out there. So that's what we're looking at when we take a look at the Dow equity futures contract. You got 27,306, but Stevie's red line was green. At 27,398 would be the first one to be focused on and paying attention to. Now, the Russell 2000 has not generated a new market profile. I don't have one on my advanced Doppler system out here. So in the case of the Russell 2000, we just simply have to take a look at its equity futures contract and patterns that are out there. And when we take a look at it, you're going to notice two, two patterns. One you're going to see, or two potential patterns. One that's a confirmed pattern. You see that the Russell 2000's high so far on this move, now not this all-time high, but the high during this move coming out the October bottom, topped with a bar count number nine of the TD set-up nine count pattern. So that's its high, valid topping pattern. There's also the A to B equals CD. That was the one-to-one price projection, takes us to or took us to about 16-16. Price got close enough on day number nine or bar number nine of that TD set-up nine count. And now the key is price is pulling back and testing Stevie's green line. It's the Russell 2000. And I believe that green line number is about 1589. The Russell 2000 is probably the one to signal to us whether there will be some kind of change in trend or not. Watch 1589 on the RTY. Basil Chapman has just announced a live 90-minute webinar. 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So our first question coming in from Alex. Alex writes in and he says, hey, Steve, hey, Alex. Is the drop in natural gas getting close to a bottom? So let's go take a look and try to answer this question here for Alex. So we're taking a look at the December natural gas contract. We're specifically taking a look at the December natural gas contract because that is what makes up the entire ETF right now for UNG. So for those of you that trade those vehicles, whether it's UNG or I think it's UGASZ, UGASZ out there, whichever one it is, here's what we know, Alex. So I think I'd mentioned during the opening that there was this island top, in essence, that has formed inside the December contract for natural gas. And you can see what an island top, it doesn't have to occur at all-time highs. When it does, that's always very bearish out here. But here what we saw in natural gas was back on November 4th out there. So it was, in essence, last Monday, there was a gap to the upside. And we saw price move higher the following day and just trade. There was a new profile that had formed. It was bullish in structure. Price had tested the bottom of that level on November 7th, as well as November 8th. And then price opens for trading last night and we have a gap to the downside. So there is that island top. In other words, all these folks out here are stranded wondering whether the ship or price is going to come back. And Alex is asking the question, is there any kind of bottom? What we also know is that price right now is trading below the top of the weekly profile. So old resistance that could have become new support out there, it's not. So what's in that level is 2.682 out there. And so from a daily perspective, any close below 2.682 suggests to me that price is going to pull back further. Now as we pull over our other chart out here, our other daily timeframe chart, we're going to see the A to B equals CD pattern. So forget about the potential bearish island top that's out there. We can see that what natural gas that December contract did was it formed a 1 to 1 A to B equals CD pattern. That was in the 286 level. We had a dark cloud cover candle form on the trading day of November 6th. That confirmed the sell the D point, the nine count top. We just took a look at the nine count top inside the daily chart for the Russell 2000 out here. And so what we have is a TD nine count top as well inside the December contract for natural gas. So now two topping patterns and we can really say three out there Alex with the island top price is trading below Steve V's green line. So what the daily timeframe chart suggests to you and I Alex is that price is likely pulling back to where it broke out $2.41. Now maybe price doesn't pull all the way back there. Maybe we're wrong on that call so to speak. But if we are and it has bottom Eric Alex, the same techniques are what we can apply here. Well, the techniques that you and I looked at for the ES many in the YM and I think maybe even the NQ out there which was looking at the in this case here, you're asking for is this bottoming if it were to bottom we would see resistance levels or breakdown areas. The TD nine breakdown areas and the short term time frames begin to fail. At this stage we don't have that the first level that would need to fail would be $2.07 to 70 $2.70 on the December contract a close above that would say okay maybe there's something to think about. But right now that would be the that would be the level I'd be watching. We don't have I don't have any bottoming signals per se out here. This is one of my new tools that I'm developing for subscribers and to help us assist us and understand what the markets are doing but also to make it easy to find instruments that are potentially forming tops or bottoms out there. So to do the scan I use four or five patterns to identify tops and bottoms. Remember, not every time will a top or bottom will one of these patterns be present but when they are present well then they're really great tools to help us identify those tops and bottoms out here. Here are the TD nine counts and these are for various futures contracts out there. You'll see the equity futures, metal futures. You'll see oil and gas bonds commodities, various commodities out there. And here what you've got is multiple time frames. I've just got the 30 minute support levels out here but I've got the 30 minute, 60 minute, two hour, four hour, five hour daily and weekly accounts out there. TD set up nine counts and it's the that's the boxes that are highlighted in yellow or green that are the ones that we would pay most attention to specifically for those time frames out there to help us identify some type of top or bottom. When we take a look at natural gas out here and we take a look at its potential bottoming signals nothing yet arrives. Nothing yet is shown up. Now it's possible on the two hour time frame chart it's right now in bar number seven to the downside it would be bar number eight, nine to the bar following nine. So a two hour chart here, it's the four hour chart. It's a four hour chart that we're taking a look at. I'm not sure what time that closes out here but it could be not till the end of the day before we would get even any type of signal there. Wait, let me make sure I'm looking at natural gas. No, I take that back. I was looking at the wrong symbol altogether. No, it was a two hour time frame chart. So it was a two hour time frame chart where we've got that minus seven count out there. So it would be, you know, maybe four hours away at best case scenario out there. So Alex, the answer to your question is it looks like we've got a deeper pullback going on. And if we don't, we'll see those short-term resistance levels that we looked at from the 30 minute time frame. Those will begin to fail and that will tell us that okay, the retracement is over. But as I see it right now, it looks like natural gas wants lower price and that by area should come at around the $2.41 level. That's what we would be looking for in lieu of some other pattern that might form to the downside. So thanks for writing in so early and hope that that helps you out. Folks, I want to hear from you too if you're listening in at this early hour. It's 8.36. We're trying to make this show as much as we can relative pertinent to today's trading session. If you're listening in at 1.37 in the afternoon. So we do have another question here. Cut him from Brent in Martinez, California. Brent, he's up nice and early. Could you please do a side-by-side comparison of GPOR, which we previously looked at with CPE. So let's go take a look at first GPOR. Let me get to the three different time frames out here. One of the other tools or one of the other ways that we'll look at what this instrument is doing, which is Gulfport Energy, is take a look at its profile levels out here. So we'll begin by taking a look at the daily, weekly, and the monthly set of profiles. And Brent here prices above the daily box, 308, above the weekly box, 320. And all that seems to bode well to suggest to you and I that price is targeting the top of its monthly profile. That's 409. Boy, a close above 409 from a profile perspective would suggest that this wants higher price out there. But what we're going to do is we're about to go to a hard breakout here. Price may pull back, may pull back out here inside of GPOR. If it does continue to pull back, the buy point would be about $3.24. That is Stevie's green line out there. But we come back for this break. We'll further look at Gulfport Energy for Brent and Martinez, California, who's up very early, 5.38 in the morning. I love it. The early bird catches the big work. 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And this did bottom with a TD set up nine count pattern. So there's really two bottoms out here. There's the Rhodes Momentum Indicator bottom Brent that took place the daily time frame on September the 4th. That was confirmed on the following day when we had that three river Morningstar pattern out there. That was the bullish reversal signal confirming that Rhodes Momentum Indicator signal. Price goes ahead and trades higher for about the next couple of weeks. Then it goes ahead and it pulls back. And when it pulls back, it was testing that prior swing point from September 4th. I don't know if it was with volume, light volume or not, but it also formed a TD set up nine count pattern. So there's two of the four patterns that we use to identify tops and bottoms. So a higher low price. Then the nice thing about what Gulfport Energy did here was it gapped up above its resistance level of 326. That was a TD set up nine count resistance level out there. And so that's a positive out here. The buy point on this would be a test of Stevie's Green Line. That is 325 as we speak right now. I don't have any real bottoming signals or anything on the weekly or the monthly out there. So I would then say falling back to the monthly, knowing that you've got resistance at 409, not formula 409, but 409, the price point out there. If price were to close above that, Gulfport Energy looks pretty good. That's because that would be a... We haven't seen it close above the top of a monthly profile since going back to July of this year, July. I take that back July of last year, 2018 out here. So that would be a nice signal. So watch that for formula 409 area. So that's Gulfport. The next question was which one looks better, CPE. So CPE is Calon Petroleum Company. Now this closed above the top of its daily profile last week, which was 421. Still has some work to do to get up to its weekly, which is five bucks even Steven. And it's below the monthly profile. So from a profile standpoint, Gulfport Energy looks better. That one's real simple call. So you got resistance here, five bucks and then 632. The daily timeframe chart for Calon Petroleum out here. This did form a road momentum bottom signal. Back on September, the confirmation came on September 6th with the bull sash rises higher, pulls back, didn't generate the TD set up nine count pattern. There was a nine count pattern, but the low did not occur on bars eight, nine, or the bar following nine. So at this stage and price here, what you can see is it ran into resistance of its breakdown area, which was 466. So in order for this one to have a similar outlook, you need to see a close above. The close was 454. Forget my candle hasn't updated yet for some reason, but 466 is the number. You need to see this get above to at least tell you that there is the potential of a change in trend here. So on the daily charts, we've got to say winter, winter chicken dinner goes to Gulfport Energy. But just for the heck of it, Calon Petroleum, we look at the weekly real quickly out here. So the weekly does have a nice, whereas this is interesting, the weekly here has both the TD set up nine count bottom as well as the roads momentum indicator bottom. So you got two bottom signals. And if price can get above that 466 level, then 584 would likely become the price target. That's where it broke down on a weekly base. But you do like, or I do like, the weekly signal that formed. And from a monthly standpoint for Calon Petroleum, nothing yet. So you're asking me which one, which chart looks the best? Well, the daily chart, if you're going to focus on the dailies, we give that to Gulfport Energy. If you want to use the weekly, well, then we give that to Calon Petroleum, but it must close above five bucks to signal to us that there is a change in trend that $5 is the top of its weekly profile. Brent, I hope that helps you out. Thanks for listening. Thank you for being with us so early in the morning. Let's see if we've got any other questions that have come in. I don't see anything else. Of course, you guys can send me an email. Steve at TFNN.com inside the subject heading, put radio show question. Of course, if you're listening and it's 1.47 in the afternoon, don't do that. Only because I'm taping this show live. We'll be back to normal programming hours tomorrow morning. And tomorrow afternoon, I should say, tomorrow morning. It's morning. Got me a little bit of slack out there. So no other questions that are in here, but I think we've thoroughly taken a look at the equity futures. I did mention earlier in the show, and so I should just really cover this, that watch the spot volatility index. It's right now is trading higher by 10.44%. When I say higher, I mean a one-day rate of change higher. So the close of Friday versus where it's trading right now in the pre-market. In 10.44, we'll hold on a minute here. Yeah, 10.44 is the one-day rate of change at this stage here. Now, if this were to be a one-day rate of change greater than 10%, what you would focus in on these charts here are all the blue arrows. The blue arrows represent those one-day rates of change greater than that 10%. And you will see a majority of the time, not all of the time, but a majority of the time what you see take place on the next trading session. This is the S&P cash. I really should do this for the ESMini and you would see it even more pronounced out there. You see some type of bounce or bottom take place. Now, we're up at the all-time high area. The last time we were up at the all-time high and we received that type of a signal was actually at an all-time high, which was on May 1st, 2019. But even that following day, it was a stalling. It was a flat-ish type market intercession. There was a try and attempt to push a bit higher out there. So just be careful. Just watch for that come day's end. I don't know where the SpotBall of Tillnecks is trading at 1.49 in the afternoon, but it's really important as to what the rate of change is at 4 p.m. even Stephen out there. Okay, so we've covered that. Let's go take a look at Goldilocks. See what Gold is doing out here. If we take a look at the daily timeframe chart, we know that Gold formed three roads. We went to Mindicator topping patterns out there. It has since it's going on to what looks like an A to B equal CD to the downside. The one-to-one price projection takes you to 14.24. Oftentimes, Gold will do more than the one-to-one. I won't say that at this date because of the sideways consolidation that we have seen out here. But more likely than not, the price target, the downside price target, the initial price target, the price target at this stage, can I qualify it anymore? We'll take us into the 14.12 to 14.24 area. And that's what we'll be watching for. And as price gets into that area, we'll be looking to see what its TD-9 Count counter is at. Today, it looks like it may be bar number five. So as you know, we like to look at bars number 8, 9, or 10 out there. We'll also want to see some type of should price continue to pull back. We'll also want to see some type of bullish reversal candle because price would be getting down towards that one-to-one A to B equal CD or may get there. And a bullish reversal candle, in that case, could confirm a Gartley buy pattern. But right now, as we speak, 8.50 in the morning, Gold continues to want lower price. Be careful out there in Goldilocks land. Steve Rhodes with TF&M. Are we ready? This has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer digest also ranks me as the number one market timer for Gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TF&M.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you haven't checked out the newsletter's page of TF&M.com, what are you waiting for? All of the TF&M newsletters are informative, up-to-date, affordable, and must have for every trader looking to gain a competitive informational edge in today's markets. TF&M newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. From all aspects of the markets, including stocks, bonds, metals, commodities, and tech, there's a newsletter to fit your needs exclusively from TF&M. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TF&M.com and click the newsletter's button near the top of the page. TFNM.com Educating Investors You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter, and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today, our food sources no longer contain the vitamins, minerals, and nutrients our bodies need to stay healthy and strong. That's why we need Primal Edge Daily Nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, fatty, and amino acids in an easy-to-use liquid form. Primal Edge is powered by highly concentrated folic and humic acids. Nature's preferred delivery system. They've been called miracle molecules because, like sunlight, air and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal Edge, formulated and approved by Niko and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal Edge banner on the front page of TFNN.com. Hi, folks. This is Steve Rhodes. Stay tuned for another great hour of the Trader's Edge heard here at TFNN.com. Welcome back, folks. So that definitely is not the case out there. The next hour, no matter what time it is, you're listening to us. The next hour, if you're listening in at 8.54, it's going to be Larry Pessevento. And then if you're listening at the one o'clock hour, it's 1.54. David White will be up next. David, I just want to say thank you. I just checked my emails. And David sent me a list of what looks like 35 different either butterfly or garlic patterns that have formed or are forming inside the market. You know, the very first software package that I ever purchased when I began getting into technical analysis was David's software. David and Tom, the art of timing the trade out there. And a great piece of software. A great, great, great place for someone to begin their technical analysis. So if you're looking for a software package out there, and especially this one because it does such a great job of helping to identify those garlic buy and sell patterns, and that's what we were talking about inside gold. It's not there yet. It's something to be on the lookout for. This is really a great tool to do that. We're in the two-minute wrap-out here. Here's what I would be watching during the day. And right now you've got the Dow equity futures off about 107. S&P down 12.5. NASDAQ off 39. Russell is down nine points out there. But here in essence is what we're looking at. And here's some of those roads momentum indicator tops. So Maria, if we take a look at the S&P 500, I think the five-hour timeframe chart is a really good timeframe to let you know, let all of us know what's going on. You can see that roads momentum indicator top. And then we can see that what price has really done, we saw TD9 count top that pushed price down to test support. Support here was the bottom of that bullish structured five-hour timeframe profile. And so it's 3069. And what we'd really need to see is a close below 3069 to suggest some type of change in trend is underway. Price is trading between support and resistance. Resistance is Stevie's green line. That's as clear as we can see out there. And that's at the 3090 level. So folks, thanks so much for being here early with me. Stay tuned. Larry Pesavento is up next. Or David White, depending on the timeframe. I'll be back tomorrow at the normal 1 p.m. timeframe. So have a, hey, have a happy Veterans Day and thank you to all of you who are or have served in our military. We honor you. Have a great Monday.