 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 from TFNN. Welcome to the June 27th, the terrific Thursday edition of today's Trader's Edge 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. Let's make sure we have an extraordinary one and of course the easiest way to do that it's to always remember that life is happening for us. Not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what the buyers and the sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here but more importantly than that, during this next hour, I'm here to serve you. So, feel free to pick up that phone. That's right. You can dial in right now, 877-927-6648. Phone lines are clear. If you can't call in, our email lines are clear. That's right. Let those fingers do the walking. Send me an email, steve at tfnn.com inside the subject heading. Just put radio show question, of course, in our Tigers. Well, any 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 Lust Show right now that out 42 points. That's trading out at 2657 and all the indices in the green. Lead in the charge, it is the transports up 153 points, trading out at 10, 330. Spot follow tonics down a quarter, 1.5% at 1596. Gold's off 5 bucks, silver 9 pennies. Lights we'd crude as flat, trading out at 5941. Lead in the charge to the upside. It is booking holdings of 28 bucks. Amazon up 11, Shopify 9. To the downside, Boeing is off 2% or nearly 8 bucks. You've got fact set research down 660. Chipotle off a half a percent or 4 bucks. So there's things to look at. Of course, I want to look at what you want to look at. And let's begin by taking a look at, let me, let me, I believe our role, yours in mind. For those of you that like surfing, you'll get this. For those of you that like watching others surf, you'll get this. For those of you that have never surfed, but say, that looks kind of interesting, especially in the bonsai pipeline. Well, I believe our role, you and I, navigating the bonsai pipeline of the, the bonsai pipeline of the stock market is trying to figure out when those next waves are coming in. So the question is, how do we do that? Well, let's go take a look at one of the tools, one of the ways that Stevie does it. And this is really understanding where there is support, where there is resistance, and what is the message of the market? What do you think? How does that sound? Should we do that? Okay, I'm getting a, yeah, let's go do that. Well, let's say, in order to do this, we've got to use the equity futures contract. This is really right now referring to the futures contract. Of course, we could do this for gold and silver and copper and so on and so forth. You're always trying to understand, and each wave set, each cycle in essence, you can get those different sets of waves. They may be coming in faster, maybe they're a longer period of time before they come. But the idea is, and your role and my role, we just have one role here. It's to find support and resistance. It's to be able to understand, the probability on our side, when price breaks through support, change in trend. When price breaks, and that's assuming that you were long, when price breaks through resistance, change in trend, that's assuming you were short or continuation, depending on which side of the market you're on. We'll get to it already, Stevo. Look, I'm just using the same tool that you and I use for all of the different instruments that we take a look at. It's just a matter of trying to identify the timeframe where the wave cycle works best. And here for the ES mini, it is the two-hour timeframe chart. The two-hour timeframe chart, you're not going to see any numbers. I'm just putting up the solid lines out here. The solid lines, as you know, the red ones represent the TD setup. Well, they're both our TD setup trend lines out here. The green ones are resistance. The red ones are support. You may like it the other way around. Fine, change it on your system. This is the system. This is the way that it is. Now, when we take a look at, and this is set up by the TD 799, if you don't know what that is, you should know what that is. You should sign up for master of probability. You should at least sign up and cancel the next day if you want. But at least go take the workshop on understanding this set of tools and patterns. So what we know, what you and I know right now, well first, you've got the ES mini trading out at 29.30. As it was pulling back here, and let's get the exact timeframe, so as it was pulling back into 1700 hours, so that was last night, as well as the open, when the contract opened back up, price was testing that level of support, 2915.25. If we'd seen a close below it and follow through, right? Follow through on the very next session. Follow through is very important out here. Then we would have had a change in trend. But no, we don't have that. What we have for the two hour timeframe is we have price pulling back to support. No change in trend yet. Maybe no change in trend at all. Maybe none. The last signal to break through resistance, well that took place right here, that was the green line. That was the green line at 8 o'clock in the morning, about 8 o'clock in the morning, the trading day of June the 18th out there, price went to higher highs. Prices pulled back in as tested support. This is what's DBC's, and I have checked multiple timeframes out here to try to identify which one would give you and I the best change in trend signal should it occur. So right now, the level you want to write down on your pad of paper, it's really simple. It's 2915 and one tick. 0.25 out there. Now interestingly enough, this wave pattern, this time cycle, that's what I'll refer to as maybe we'll just call it a time cycle, but you've got to visualize. Life is about visualization. That's what we do with regard to the charts. That's why markets can be timed, because you and I can visualize what the market is communicating to you and I. These are not just numbers we pull out of our arse or anywhere else out there. They're valid tools that help us understand what the market is doing. We don't need to complicate it. We're not going to complicate it. Support must be broken. Support must be broken in the wave cycle. The time cycle that you can find out there in order for there to be any kind of change in trend. Now, yes, for those of you out there saying, but, Steve, oh, you're not selling a top tick or buying the bottom tick, you're right. We're just getting a big, juicy A5 wagyu beef. And that's worth a lot of cashola, cashola out there. Now, if we take a look at the Dow Equity Futures contract, we take a look at it. Guess what? The 120-minute timeframe chart. Well, first of all, we have not seen a close below one of those red solid support lines, have we? And last night and this morning, all morning long, what we've seen is the Dow Equity Futures contract test, 265.14. That's the number. I don't give a rat's patootie that intraday price close below that. The body of the candle, the clothes, it's all about the clothes. It's always about the clothes. Hey, we do have resistance here. The next breakout level in the Dow Equity Futures contract as well. Come on, Brack, from this break, I'll give it to you. Are you ready? Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Welcome back, folks. So, look, we've identified key levels of support inside the ESMini and the Dow Equity Futures contract. You're visually looking at it. If you're watching us on Tiger TV, you're inside the den. You can see the key levels of support and resistance. What's nice about the Dow Equity Futures contract is that it also, it had a TD Setup 9 count to the downside. Now, I'm not showing you the number count because here I'm not focusing on the numbers, but I'm focusing more so support and resistance. If you can just identify a tool that helps you to do that, this one is an easy one. It's objective. The only thing that you do after you've had a trend that's in place, such as the bottom off of June the 3rd, I believe it was, yeah, June the 3rd and 4th when the real bottom came in in the market, is as that is going along, you just sit here with this chart and just keep punching in the minutes, different timeframe charts. It doesn't matter to me whether it's 90 or 93 or 120 or 124 or whatever it is. I just want to find that period, that cycle wave period where we've seen levels of support being tested or rejected or resistance as well. Or when resistance gets popped through, it's just the signal that price is moving higher. So inside the Dow Equity Futures contract, we know support. It's 26514. If we see a close below 26514, that's going to tell us we have a change in trend in place. It doesn't tell us how long it's going to last, where price is going to go, but it certainly does signal to us, or at least to me, that there would be a change in trend. Do we have a change in trend at 1.20 in the afternoon? We do not. Now that trend is still to the upside then, no levels of support, but here we have a new level of resistance in the Dow Equity Futures contract, 26787. Now tomorrow I'll tape the show from, I believe 8 to 9 is what we'll target. I'll tape the show tomorrow morning, be replayed at this time. There may be new numbers. If there are new numbers, I'll provide those for you in the morning so that you know what to look at during the day. Right now those are the numbers that we're going to, that only numbers we can and go. So if price is trading about 26787, it's telling you it wants higher price. Does it want to take out the previous high? Then I don't know. We'd have to take a look at other tools to help us, tell us that the continuation of the trend of the upside is still out there. Now inside the NQ, we've got that same set of circumstance. So to speak, we can use the two hour type frame and here you've got really two levels of support. The first level, which is easily identifiable, it's that red horizontal line. It's priced at 7630. Someone might say, well, but look at that bar right there. When I say that bar right there, I'm referring to the bar at 1600 hours yesterday. There was a close below that level. Next session. Nope. No follow through session after that. No, no, the close is just lightly below. What happens next? No follow through, follow through, follow through is so important out there. Jay knows this with regard to his golf swing. I'll bet you if you ask him when he does follow through on the drive, he's looking at 295 in the air, carrying the bunker on the right with a little draw on it and then more spinning with no follow through. The 295 probably goes to 195 at best. Follow through is important. Now, in the case of the NQ, we can also see the previous resistance line at 7613.25. In this case here with prior resistance being so close to support, we've got to use that because sometimes prior resistance can be support out there and so you'll want to be paying attention to that. So we can see here inside the NQ, nothing having been broken. If it ain't broken, it remains in place. Yeah. So that's what we take a look at and it's really these three indices as we speak right now. I do not have a time frame, a reliable time frame. Here's the two hour chart for example in the Russell 2000. You can see when it broke through support yesterday and broke through the resistance line, the old resistance that could have been new support and wasn't and continued to move lower out here. So in the case of the Russell 2000 signaling to you and I that it has already changed its trend. Now the confirmation of that just so you know, is really going to be as price, you know, the real confirmation would be that that is not the case would be a close above 155790. 155790 would be the number that we would be taking a look at. Now Ruby and the Tigers then had asked about Dr. Copper out there and we're going to go give her Dr. Copper. We'll do the normal stuff. This is the normal stuff folks where we take a look at the multiple time frames 30 minutes, but let's go change that to a 60 minute time frame. So you've got the 60, the 120, you've got the five hour 300 and you've got the daily out here. And for Ruby, we would just simply take a look here's what we know Ruby. There's a brand new profile that formed formed right now, right here today. Not really 123 in the afternoon, but it most certainly formed. And if we take a look at it, top of that daily box is 2.7299 the bottom 2.675 and those are your resistance and support levels out here. And if price can break through resistance 2.7299 then what you're looking at is move up to the top of the weekly profile 2.72939 out there. So everything looks relatively bullish so to speak. What I mean by that is the current profile is above the prior profile. So that's a bullish step. You just don't want to see it close below 2.6759 would say there's some problem in River City. Now if we take a look at where River City is and we just use that same two hour time frame chart for the high grade copper contract out here, you're going to see 2.698. That was the last breakout level. The red lines represent support but what they really are what they really represent to you to me, to every trader out there is where the breakout began. One of the first things that I was taught by Tom was not to chase an instrument and wait for it to come back to a breakout level especially as it was moving off the bottom. If you didn't catch the move off the bottom wait for it to come back to the breakout area. In other words that's the ideal level. Now in that set of tools that Tom had taught me that's different than what I have. I don't just have one set of tools. I love this game. To me this is a game. This is and I love athletics and I love competition and that is what this game is. This is just a game. We treat this like a game. And in Stevie's game theory that's what got me to be the number one market timer in 2018 out there. Right now I'm on number two it depends on how you look at it but I'm number two just slightly below the guy at number one but number one for the last six months and three months and number three in gold and number one in bonds and just using these exact same tools. There is no rocket science here other than maybe some of the tools use some rocket science type stuff and understanding support or resistance out here and if you use these tools you will also make this game much easier out there. When it doesn't become easy is when all of a sudden something breaks support or resistance you're on the opposite side of the trade and you ask yourself the question what should I do when you know what to do but you decide not to do it. You know what I mean when I say that? I think you do. So Ruby with regard to high grade copper is on a two hour time frame and that's different than the support level that you're looking here but it makes all the sense in the world not when we take a look at today's trading inside of high grade copper to say why did it stop where it stopped because that was the two hour breakout level. Price came back there just like it did on the ES just as it did on the Dow equity futures contract just as it didn't make it all the way down on the NQ just. Hey when we get back from this break let's go see who sent in email request let's go take a look at what they would like to look at we'll be right. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trade that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets. I'm a master in probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months. Timer digest also ranks me as the 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 with the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that you're looking to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com Welcome back, folks. Hey, let's go to one of our callers, Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you today? Doing well, Steve. How are you doing? I am doing excellent. And we're going to take a look at some energy out here. Golfport energy. Why don't you tell the folks what you're looking at and how I can best help you. I have not taken a position in this yet. I've been watching it for probably a week or two. And I just wanted your opinion on I mean, it looks like that 466 level has been tested like at least three times and then also I look like if it could get above this five level that's what I want to ask you about. Is there a resistance level you're seeing that would give me some indicator to at least be, you know, have some confidence that we can get through that. It might go further. So first thing that I would that I would that I'm watching, are you taking a look at this from a longer term or just a trade or give me, you know, you've been watching this for a while. So what's your thought process if you did find a bottom and is what is there any kind of what is it you're anticipating then the outcome? I would probably do some longer term options on it like out to December of this year maybe even January of 2020. Okay, and then I'm kind of told you before I'm looking around at the natural gas here that's primarily what this is involved in and they might even do some you know, crude oil too but I'm trying to find stuff in that area that could potentially you know, benefit from that you know, if we are going to get a movement in that so and it's just the stock itself is it has more to do with the stock in general but yeah potentially being a bottom in the thing. Great and the reason I ask is because that's very helpful then for me with regard to how it is that you and I should take a look at this and for example here if we just take a look at this chart here for Gulfport folks what you're going to see here let me just open up the monthly chart you're going to take a look at this and you're going to say Jesus reminds you of the 2007 to 2009 time frame in the stock market where this thing in fact it's trading all the way back just to give you a feel trading all the way back to the 2009 time frame out here the actual low on this or a low a recent low we'll say over the last 10 years was the March 20 March 2009 low at a buck 50 you're trading at five bucks as we speak right now and so the question is on a long and price by the way trading below it's monthly profile it's weekly profile it's quarterly profile there's a new daily profile that Brent and I are going to take a look at but we can't just leave the monthly or I don't want to just leave the monthly chart and just leave it like that because there is a possibility that Brent will go ahead and take a longer term trade as he said some options going out to six months or so and so if we take a look at the monthly time frame chart what we're going to see is that prices stretched itself meaning prices moving lower doing less relative energy now unfortunately this is the end of June Brent would really have to wait until July to get a confirmation the confirmation in this instance we're going to see some type of bullish reversal signal which is why he and I are going to go look at the daily time frame chart we're going to try to take a we see if we can get a jump on maybe an early indication that this is beginning to turn at least give us a probability now he's already done that by looking at the lows being tested when we pull up the daily chart you'll see the same thing so Brent we also this month happens to be the month following bar number nine of the TD setup so the cool thing about this is this would say to me that that specific pattern there's really two bottoming patterns that are potential bottoming patterns that are out here if there was a close below the low of this month well then that TD setup nine count is not the pattern identifying the bottom price still moving lower doing less relative energy but look we've got two potential patterns here and a reason I think for you and I to say well let's go see what the daily time frame chart shows so as we look at the daily time frame chart what we can see is that it too was pushing lower with less relative energy but on June 18th it generated the bullish reversal candle that you wanted to see to suggest that this was a bottom candidate out there now the cool thing about this prices trade above Stevie's red line at 459 tells us the price oscillator has at least turned up it's still well below zero but that it has at least turned up so that's a slight positive and you received a gift today and that gift today is a brand new TAS market profile so here I'm going to expand this chart out but what we're going to also do just for the moment is we're going to turn off price because this is really important it's a little nuance but it's an important nuance and folks as we take a look at the current profile those are the current three colored bars at the bottom right of my screen you'll see red which is the top of the box also known as resistance you'll see the green which is the bottom of the box also known as support and then you see the blue color the cyan color and that is referred to as the center of the box although you'll notice it's not in the center that's okay that's actually very cool in this case here it's closer to the top than the bottom now when the top and bottom easily represents support or resistance or sellers and buyers the center line represents with inside this price here where it is that both buyers and sellers believe there's fair value well we can see the sellers have really lined up because the top of that box in the center it's not in the center is closer together to each other so this is what Stevie would refer to as a bearish profile structure box that would say if price closes over 501 that's a double whammy well double bullish whammy because price shouldn't have been able to close above that now one close doesn't help you want to see some follow through but Brent that's what I would be it's so cool that you're calling about this today that there's a brand new profile that you can take a look at the price is very close to trying to take that out but maybe this is just the countertrend rally out here it doesn't guarantee just because we see this that this is going to be the bottom out here but what it does is it adds another piece of information that says hey on the longer term the monthly is saying there's the potential we can see the bottom signals we just don't have the confirmation and on the daily maybe we get some type of early change in signal so I'm going to say a close above 501 today tomorrow whenever as long as this profile is out here is your indication to that a bottom may be forming out here and you'd like to see a second day over that 501 level yeah that's fantastic that's about what I was thinking in this area that's at right now so we'll see what we can do today and maybe tomorrow and I decide to get in as early as possible you know that sure I do I do and especially trade with options so you can manage the risk there the one thing you'd certainly like to eventually see so say you get in you get these closes above the top of those profiles and you'd certainly like to see on a weekly basis we don't have a bottom signal so that's the only bummer out here no bottom signal at all but if we saw close above 535 it would be saying hey what you're seeing on the daily in the monthly made all the sense in the world to go ahead and take that trade so so your price is right up against the level that it should be able to bust through if it doesn't bust through you know you've got something to continue to watch them in my opinion there you go all right thank you very much it's always appreciate it you have a great day and I'm sure I'll talk to you soon if I don't talk to you before I probably won't talk to you tomorrow just have a great weekend thank you will do that was Brent and Martinez California was golf poured to energy out there now we had a request that came to the table to take a look at Freeport Mack Marin Freeport Mack Marin I think that was Sean that was asking about that if it's not Sean my apology but it's just such off my screen right now so the question was I don't remember what the question was I think the question was is now a time to get into Freeport Mack let me see if I can get that back here I should at least answer the question right if I do this just have to go searching for so yeah the question is my system says was oh was safe to tip toe in at 330 ah they're going to a break we come back for this break I'll figure out Sean's question I'll share it with you and we'll go answer it if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. Petersburg Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 you must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN 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 TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors tech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech 3 times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 4 side fund services LLC don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV we'll come back folks so Sean it looks like his long fcx and so we'll give him our thoughts he got the signal to go along on the 19th of this month so let's take a look at the charts out here let's go take a look at the daily timeframe chart we can see the move from from high to low out here let's just simply use let's see saw above Stevie's red line was on June 3 versus June 19, which is out here. June 19, prices trading at about $11.10. June 3, you close above Stevie's red line around $9.92. So fairly decent size percentage difference there. So that would be something that may be worthwhile for you to take a look at, Sean. Another thing, if we take a look at FCX, we just don't know what the wave count is, but let's go take a look at it. Start from the high out here on April 17. You make your way lower. And lo and behold, if you don't get wave number seven, that's on May 31. That's right at the bottom of the very next day. Price closes above Stevie's red line. So that would be a nice signal. Now, with regard to the signal on the 19th out here, there, really the day before, on the 18th, you had a close above that TDST resistance line. Change in trend signal, like we just looked at with regard to the 120-minute timeframe chart out here. Once price closed above that, it told us about a change in trend. Same thing we're saying with regard to the 120-minute timeframes for the ESNQ and the Dow out here. So the second signal out here came in a day before yours or maybe on your day, right? Because you got to have follow through. So I'm with you. Now, I wouldn't suggest anybody that they would enter FCX today or tomorrow. The reason is that today looks like it's going to be count number nine of that TD set up nine count out there. We would never enter a new trade on bars number not, well, you might do the reversal of that trade. That's a different story out there, but we wouldn't be going long on this, especially when we know that the next resistance line was set up by that May 3rd high out there. And that price point, this is going to be resistance of 1201. Sean, if FCX closes over 1201, it's a beautiful thing. You've got beautiful signals taking all the way back out to that high of April 17th that began that seventh wave count to the downside. So that's what I see. Stay, now you've also got a brand new profile that formed last week or at the beginning of this week, I should say. And prices above that level today of 1155. So that's a nice positive. If you don't want to see a close below 1118, that would be a level of support that would fall and would say, okay, you're ready to start running to the downside. Now, if it does that, you probably don't have much profit in that, but that's okay. This is about protecting your capital out here. So I'd let FCX run. You're in my airplane that I'm flying and it's a beauty, it's a golf stream, it's right. And I'm still telling you to buckle up because you're in day number nine. And we know there can be a change in trend signal on day number nine or day number, the day following day number nine. So hope that that helps you out. Thanks for writing in. And let's go to the next question out here. Next question, well, let's see what that next question is. Gotta close this back up again. And this says the next question coming in from Stan. Stan wants to take a look at AT&T. Ticker symbol out here is T. Let's continue, and where would you buy AT&T or would you buy it at all? Excellent question out here. So we've got AT&T. It looks like up towards some recent highs out here. When I see recent highs, I'm referring to that bearish session on June 12th out there. The price is pushing into that with light volume. You're 12 million today. That had 30 million up at that high. And then the prior high on May 20th had 53 million shares. So you're not moving into it with gusto. Granted prices above resistance, the daily, the weekly trading right into the monthly profile, the top of the monthly profile. This is the end of the month. Well, tomorrow's the end of the month, 3280. So this could be a, this is your resistance right here. So no, I wouldn't be buying it here because you're too close to some resistance levels. You need to see how those work themselves out. Is the monthly telling you that the weekly and the daily are done? I don't know the answer to that question just yet. If I take a look at the daily timeframe, what do we see out here? We just see where the sellers have stepped in. Specifically June 10th is the clear signal out here. You see, let me go to a different timeframe chart. Let's go up one level. Let's go to the weekly, see what the weekly is communicating to you and I. Is there anything else out here? Not really. So you're asking where to buy it. You're asking where to buy AT&T. I'm thinking, I'm thinking, I'm thinking. You know, I suppose what we need to watch for here, Stan, is a, let's see if price pulls back. See, I'm gonna say 3242 and that's the top of the daily profile. But the problem with that is that 3242 gets us back below the weekly profile, which is 3252. So ideally, let's say this is resistance, we get a deeper pullback. That's a little bit easier to answer that question because then what we'd say is the 3160 level would be the place that we would be watching. Now we do know where real support is at this because it's already been tested one stand and that was that little red solid line out here at that TD set up nine count. And that price point out here is a 3062. I don't have any signals to say we're gonna get back down there, but that would be the ultimate 3062. So 3160, not really just a buck away from that. So we'll stick with 3160 at the moment. I hope that that helps you out. But the reason not to jump in today, you're too close to resistance when we take a look at that monthly set of profiles out there. Next question coming in from George and Tampa. George wants to look at sicker symbol SBGL, SBGL. So let's get that punched in here. See what pops up on the daily, pops up on the daily weekly. So daily is above the top, weekly is above the top and monthly is above the top. So everything looks really good here. SBGL, no idea why it doesn't come up on my other system. That is a real bummer because I'd really liked that. I think we had this problem last time that you wrote in and I don't know what the issue is. So we've just got to go with just some basic standard stuff out here. Well, we're close to the end of the week. Your question is, what's my opinion for a long trade? You put in a bid of 418, you feel, we'll fill the gap. Wow, okay. So right now this is dealing with what appears to be the week of April 8th. The high out there is 494, you're at 482. That had volume of 32 million. You're at volume of 17 million on Thursday. Doesn't look like it's gonna go ahead and take that out. So maybe it's gonna pull back. Now you're saying 418 is the number. Whoops, didn't mean to do that. meant to do this, 418. Well, if you're gonna go, so you're looking at the gap. So you're looking at the top of the gap out. Now you're looking at, so the top of the gap is 417. That's the high from June 20. So, no, I'm sorry, the high of the gap, yeah, 417. Well, I don't hear, here's the deal. I don't have a signal to say whether price is gonna pull back. I don't have a real topping signal out here. I just simply see the price moving higher doing with less volume out there. And so maybe there's a pullback and the top of that box is 413 on a daily timeframe. I wish I had my other system tell you other numbers, but I don't in my apology there. So when we get back from this break, we're gonna go out to John in Philly to finish up the show. Steve Rhodes with TFNM, we'll be right back. Since 1984, Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. 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Stay tuned because coming up next is the power trading hour right here on TFNN. Welcome back, folks. Let's go out to Philly and speak with John. John, thanks for calling. Thanks for holding. How are you today? Steve, you've got just two minutes left. Please, at WPL's, Martinez's call. Yeah. As you know, I think you and I both in a great many TFNN listeners always listen to what Brent is up to. Absolutely. Hey John, I'm sorry, there's a problem with the, there is a problem with your, with the phone lines and you're really breaking up. So, but let me do this for you with the last minute. So my apology for that. But you wanted to take a look at it because Brent has alerted us to some areas in energy, natural gas. So first trust natural gas folks is the ETF that John is taking a look at. The beauty here, and this goes along really with the Brent's thesis, maybe more of a longer term play here. So here I do have a weekly signal. His last week was that TD set up nine count. Price was moving lower, doing less relative energy. You get a bullish reversal signal. This week you're having foul through. We're trading at 1428. Boy, Stevie would really love to see a close above Stevie's red line. That number is 1437. I'm not saying we're gonna get it today or tomorrow. Maybe it's Monday, maybe it is today, maybe it is tomorrow, but a close above 1437 would be a nice signal. That price you would anticipate is gonna make its move to the $18 level. That's what I see when I take a look at the weekly chart for FCG. By the way, the ticker symbol FCG on a daily timeframe gave you the bottoming signal on June the 19th out there. But now that you're up towards the weekly level, you gotta let it close above 1437 or buy it on some type of light volume pullback. Folks, thanks so much for being here. Don't forget tomorrow morning, 8 a.m. live. We'll take a look at the equity futures contract. We'll make the show relevant for the one to two timeframe. Have a terrific weekend, a terrific Friday, of course, a terrific Thursday. Don't forget, everything in life happens for us, not to us. Take care, folks.