 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks welcome to the September 21st the wonderful Wednesday edition of today's Traders Zed show I'm your host TV 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 and let's make sure we have an extraordinary one and the easiest way to do that So 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 Well, it means we can find the gift in every set of circumstance that life is going to toss at us now today You and I we're going to go check on the circumstance of these markets We'll figure out what those bulls and bears what those buyers and sellers are communicating to you and I At just past 11 o'clock in the morning. I 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 53 minutes. I'm here to serve you So feel free to pick up that phone We'd love to hear from you at 877-927-6648 now if you can't call in we've got you covered there too You can send me an email you send that to steve at tfnn.com And inside that subject heading if you'd be kind enough to put radio show question Of course inside our tiger's den will any and every ping will do so let's go ahead and get this show started on Wonderful wednesday. Of course. This is tiger financial news network. I'm steve roads. Welcome to the show Right now We've got all the us indices that we track trading the upside dows up 118 about four tenths four tenths for the s&p or 15 Points two tenths for the nasdaq 126 points six tenths for the russell 11 points one of four tenths for the semis That's 35 points six tenths for the trannies 84 points spot follow today So it's still above its 50 day exponents moving average. So any surprises We'll see big rug pulls to the downside inside the s many the s&p 500 Gold is trading out at 1675. That's up four bucks silver is up 24 cents She traded 1942 like to recruit back a buck at a quarter trading out at 784 45 natural gas trading out at 760 That's off six pennies and a 30 year treasury is up six sticks 135 is its print. So Where do we want to begin? We've got some individual questions that have come in Maybe we'll take a look at those or we'll get to those during the second segment. Let's start with what we're really looking for I suppose the question is out there. Do we see any tells in the market as to how The market will respond to a chair powell's decision today at 2 p.m So to answer that question we go take a look at the charts But first what we'll do here is let's just step back for a moment and go take a look at Some larger Time frame charts out there as opposed just getting caught up into the minutiae. We'll do that here momentarily, but here is a chart for What one do I have up? I've got the dow So we've got the yearly the monthly the weekly and the daily time frame and we'll get down in and we've got both for the dow As well as for the equity future contract out here Again, if you look at the dow on a yearly basis, whether it's a future contract or The cash industry last year was a TD nine count top So no wonder that we've had the market move lower as we look at the monthly time frame chart This confirmed erodesment of indicator top even though it has done that Really the pullback has been pretty mild when I say pretty mild the breakout level the normal area Where price would pull back to when you have a top is support. In this case here on a monthly basis That's down at 24,843 Nowhere near there that not saying we can't get there I'm just saying that the move to the downside even with that TD nine count top Even though we're at near where the open was of 2021 Still not too shabby out here as we look at the weekly time frame chart the weekly chart for the dow and for the Dow equity future contract both confirmed erodesment to indicator bottoms That's at the june lows now price right now We're trading into those june lows on a weekly base I'm not sure if we're back in a swing point on a daily base or not But we're certainly trading into the june lows So the key area here for the dow the cash industry on a weekly basis its key level of support is down at the 30 I'm sorry 29 653 29 for the dow equity future contract level to be watching there would be 297 40 So you've got weekly Bottoming patterns still in effect price below red oscillator and change lines Wouldn't be unusual for price to go retest or take out those lows We don't know that the daily time frames have by the d-points last friday was a bullish hammer candle Last monday or this past monday was a bullish engulfing candle That confirmed this is on the dow cash industry out there You know a double confirmation of an a to b equal cd to the downside So the daily and the weekly have bottom signals Let's switch panels go take a look at the s and p 500 Well, look at the s and p 500 as well as the e s mini the same set That were just the same routine that we just did here We'll just cut to the chase on the weekly charts for the s and p and for the e s mini They both have roads meant to mitigate our bottoms. Yes price below those red oscillator change lines Means we have a falling price oscillator below zero. Those are bearish conditions But we also have bullish signals out there the daily time frames each of them have by the d-point patterns Those are the hammer candles that had formed last friday On a monthly base the s and p 500 shows the td 9 count top and the typical move back to support the breakout area And in the case of the s and p 500 that was in 37 20 3 34 That's exactly where price got down to tested and rejected it for the e s mini was 39 69 50 Now if those levels fail, which would mean in essence Well, if those levels fail, then you go down to the next level for the s and p that next level will be 20 29 65 for the e s mini that'd be a 28 81 So weekly and daily have bottom patterns now Let's go switch over and take a look at those intraday time periods out here again What we're looking for are just some kind of signals as the market giving you and I signals as to how it's going to respond So we're looking for those tells We're going to change screens here momentarily. We'll get over to the uh white background the eight panel screen So we already covered the daily it's got that by the d-point pattern Now if we get a close below that hammer candle that sets up a larger a to b equal cd to the downside Although it's not shown here at the moment what I can share with you is that one-to-one price projection if 38 46 25 Fails to hold as support Then you're looking to move to 37 29 or 30 608 The five-hour time frame chart As a arrangement to indicator bottom pattern that confirmed last night As the equity future contracts came to a close Price ran up right into resistance if you're wondering why did price stop where it did It's because it has resistance that is bare structured day profile for its five-hour time frame chart That's up at 38 99 the four-hour chart also has a confirmed roadsman to indicator bottom It too is a slightly bare structured profile resistance. They're also at 38 99 The two-hour time frame chart also has a roadsman to indicator bottom price got near But didn't get all the way up to the top of its profile. It's not bearish in structure Still, that's where sellers reside at 39 oh nine So here's the key if price is able to close above those profiles after Chair of paul's really going into the close because it'd be a five-hour chart So at five o'clock this evening if price is above that that suggests we are headed higher Whereas if price closes below this is the es many we're talking about close below 38 46 25 That then is suggesting a larger a to b equal cd to the downside again 37 29 being the first likely target Now even though we've got all and we haven't even looked at the 60 minute time frame chart bottom pattern out here 30 minute chart bottom pattern in fact it negated a td9 count top Right now price is going back and testing its green oscillator and change line after changing colors That's a bowl of signal. So the es mini is generating all kinds of if we're looking for a market tell The es mini charts are saying it's going to rally doesn't mean it will Why wouldn't it stevo great question? We'll answer that as soon as we get back to this Blooming inflation we are purchasing powers eroded. 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Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market Overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon Sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Toll free at 1 877-927-6648 internationally at 727-873-7618 Welcome back folks. So the question was as we went into the break If the es mini and all of its time frames multi time frames that we looked at they're all bullish out there They're all suggesting that the tell is that the way that the market's going to respond to whatever fed chair Paul comes out with is a rally But what is it that could get in the way? Well, there's really a couple things that could get in the way First of all, here we take a look at the task market breath. That's in the upper right end corner It is bearish for the weekly it is bearish for the daily the 240 looks like it's just on the precipice right now Let's take a look at the 240 minute time frame chart. What we have is 155 instruments trading above profile For the four hours and 173 below. So it still has that bearish crossover It's because of this negative market breath. So it's not that the negative market breath can't be overcome It's just that it hasn't that this stage and therefore it's not really supporting The idea that there is some type of breakout or rally So what this is telling us is even though the e-smini is intention is to rally It's going to be a choppy marketplace if we take a look at the ndx 100, perhaps that's even more important Here you've got the really the same type of setup Daily weekly and the 240 are all bearish out there. The 60 minute has gotten slightly bullish So that's the first issue the second issue is really the sectors with inside the s and p 500 Even though we've got bottom signals for the cash industry And for the equity future contract as we take a look at where taz market breath is for the daily time frame For the different sectors that make it up. It's quite frankly horrible out here So that too says a caution even though the message is from the interday charts or the tell So to speak is that the market wants to rally it should be very choppy out there based upon the taz market breath if we look at The s and p sectors themselves, so let's do this here and then we'll get to the questions So let's look at the s and p sectors Give me a moment here. Let's switch panels. Let's go to The top sectors or the s and d the spy as well as the top sectors Now we can come back and take a look at the other eight instruments out here screens. There we go So as we take a look at the spy Whereas I can draw in an a to b equal cd to the downside for the s and p cash and for the es many Because of the hammer candle that formed last friday cannot do that with the spy Does that mean that we don't have a confirmed a to b equal cd to the downside? No, it does not I would prefer to use my signals coming from the es many the equity future contracts because we have more data to utilize But I cannot generate that same signal that same by the t point confirmation from the spy I cannot generate that same signal for the xlk The xlk negated by the d point and td9 count pattern when price closed below the hammer candle from back on september the first out there Also the september seven Uh, so prices below that area. There's no bullish reversal candle. So this it does cause me concern for sure Top sector. I can't get that same by the d point pattern. How about the second sector out there the xlv Now the xlv does still have its original by the d point and td9 count bottom That formed back at the september first time frame out there So that still is in place out here. There was a bullish hammer candle inside the xlv on Monday out there. So that just reconfirming it. So the health care sector if you're going to be long The uh, the s and p 500 the health care sector here looks pretty good now I say it looks pretty good. It's consolidating with its added staley profile It's below its red oscillator and change line. So it's not like it's giving us a full breakout message. No Why don't I have profile levels on the xlf? Good question? Let me uh, just uh, load the template that will get that there all daily There we go And so now in the xlf the xlf still has its td9 count bottom So here's another sector. So the sectors that are strong so far with inside the uh, s and p 500 not technology But you've got the valid bottom inside the xlv You also have that inside the xlf both of them are trading with inside their profiles Both have resistance up at their oscillator and change lines Now let's go take a look at the other sectors of the s and p 500 See what they're communicating to you and I at 11 22 in the after 11 22 in the morning We go take a look at the consumer staples xlp xlp There's a small a to b equal cd to the downside It's probably a one to one point two six one eight today is a gap to the upside So I can justify or justify I can find I can locate a confirmed bottom pattern out there If in fact the uh, es meaning the s and p bust through the hammer candles from last friday Then the xlp is going to go target the larger a to b equal cd to the downside in the 69 area If I take a look at the industrial sector out here still has a ways to go before it completes It's larger a to b equal cd to downside There is a gap to the upside that would confirm the smaller a to b equal cd pattern the communication sector Not a zip zilch. This is not a sector to be involved with at least not as of 11 23 in the morning out here There is no bottom signal inside the xly. It's got a nice td nine count bottom So the xly xlp xlp those will be the three sectors right now that have got nice bottoming patterns out there We don't even have a bottoming pattern inside the xle. Why does it not have its profile? So I'm going to go back. Sorry about that and add the profile levels to each of these I'm not sure why they're off, but they're not here. That's okay. We're just looking at the pattern So back to the xle. I don't have a bottoming signal or pattern as we speak with regard to the real estate sector It's already inside its larger a to b equal cd to the downside It needs a bullish reversal candle to confirm a bottom the material sector xlp no bottom signal here Well, I take that back. It's got the smaller a to b equal cd That was confirmed on monday when it generated that bullish engulfing candle out there And the last one is the utility sector roadsmen communicator top wave number seven top price finding support Yesterday at its breakout level 73 53. Is that a bottoming pattern out there? It can be pulling back to breakout support can be a bottoming signal out there So overall when we took a look at the Interday charts took a look at the daily and weekly charts for the s&p 500 There is no doubt that the signal they are suggesting is that the market wants to rally But when we start to dig underneath the details out there take a look at the sectors for example With inside the s&p 500 or the market breath. We don't get that same confirmed message out there So we don't have a clear message. We don't have a clear message in my opinion So now let's go start take a look at some of the requests that have come in A couple were from yesterday out there. The first one was from uh, Mike in poland There were a couple of instruments that we did not get to one was dan. I believe was dan Uh, and so let's see if we get dan the stock symbol to pull up on our screen And try to figure out what it is and what it's doing. That is dana incorporated Dana incorporated right now is trading out at 1398. That is below the bottom of its daily profile So that's a bearish message out here There is an a to b equal c d to the downside Even if that completed, which I believe that it did with this hammer candle on september the eighth out there Yesterday price negated that by closing below the hammer candle. So that says lower price Mike lower price to where I'll just simply go to the weekly Set of charts out there and notice that price is trading into a bowler structure weekly profile What price below its red oscillator and change line with the uh Daily time frame signal having failed. I would say 1354 is the likely price target area It may head lower than that. Why because on a monthly basis What the dana incorporate has done is it negated its td9 count bottom pattern? It did that a couple of months ago back in uh, june out there Um, so that could be suggesting longer term that what dana wants to do is head lower You also want to take a look at qual come I think we might have gotten to that briefly But let's just go ahead and put up those charts for you as we go into break Let's see if we get this thing here populated I've got a number of different uh worksheets that are open So it's going to take a little bit longer than normal in a case of qual come You've got a nice wave number seven bottom a price has got resistance at 128 63 You clear 128 63 prices added to 133 and change out there. Steve Rhodes with tfnn will be right back If you want to take advantage of this sector now is the time to subscribe to my goal report The goal report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every monday morning I published a goal report with coverage of gold silver bonds the xau hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the goal report Sign up now by visiting tfnn.com. 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to be tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back folks right now you got the dial trading out at 38 30 38 40 that's up 134 about four tenths five and a half percent for the s&p nearly 19 points to the upside we're going to change and take a look at the euro out here this for um mike in portugal from an email from s&p in park city out here so as we take a look at the euro and mark's comment was looks like the euro is getting ready to crater maybe that's going to send capital uh flowing from europe into the u.s which will most likely then support the u.s stock market and i agree with that euro is already cratered out there so we're waiting for that really to take hold and to a certain extent it already has taken hold and what i mean by that is we were to take a look at the dial price and the other major currencies the retracement study we're right now as we mentioned when we took a look at the weekly chart out there monthly chart we're back at the june lows we're nowhere near june lows for the dial price to those other major currencies out here but sticking with the euro um and on a monthly basis prices below breakout levels it's below the 2017 area in fact we pulled this back further what we will see out here is that the euro is likely headed for the 2000 lows maybe even below that that's around the 83 82 area out there so that is where it is targeted now a couple different patterns you can take a look at large a to b equal c d downside patterns out here we can most certainly do that you've even got the uh consolidation breakout that's one that i'll go ahead and drop on our screen here first we'll do that just simply by getting our rectangular tool out so the consolidation pattern would look something like this out here and all we have to do now is uh take that consolidation once you break a consolidation it provides us with a measured move equal to or greater than the consolidation when we do that this gets us down to 0.83 so whether i draw in an a to b equal c d we take a good consolidation breakout we take a look at if there are any floors now on a monthly basis that the euro is trading into the answer is not there could be a little bit of support at 93 out here at 93 maybe 95 those would be the last areas where there might be a bastion of support here for the euro we take a look at the long-term charts but the euro is most certainly cratering and over time likely headed to 80 maybe it's just simply the euro itself is going away if we look at the weekly time frame chart there's no bottoming signal here prices below red oxidant change line that's a bearish condition the daily time frame says might and uh peter is that things don't really get moving to the downside until the euro takes out its roadsman to mitigate her bottom now it's formed out here that was confirmed on september 7th price was moving lower doing that was really confirmed on uh september 5th with a bullish hammer candle uh that was tested the following day uh then you had a bullish engulfing candle so it's really going to be the low of those those three candles out here and that means that is at the 0.9864 0.9864 if price close below 0.9864 the roadsman to mitigate her signals will be negated there will be no other bottoming signal that steve has at least daily weekly or monthly out here and that would suggest that then an inno visual inside the tiger's den said the dollar looked pretty interesting well we know that the euro represents about 57 percent of the u.s dollar index you know and uh we know that the u.s dollar index was testing the top of its weekly profile in fact we can go take a look at the bigger picture here for the u.s dollar index let's go take a look at it don't mean to be jumping around i don't think i'm jumping around but if i am i apologize uh we have to change screens here so mr bill just give me a moment we'll get that over i know you're getting ready to tell me hey steve you're on the wrong screen so now here is the daily weekly monthly set of timeframes for the uh for the u.s dollar index it's above the top of its daily profile that's up at the 010990 level it's above the weekly profile it's above the monthly profile you can see the larger a to b equal cd patterns that we have both for the monthly and for the quarterly time frame the u.s dollar index is headed higher at least that's its signal as we speak right now now maybe by day's end price pulls back inside the daily profile at 11031 and if it closes below that gets back inside there then um okay we don't have a clear breakout you still have resistance there but you get a close above the top of that profile the signal is that the u.s dollar index wants to move higher again you could just look at the euro the pound the yen out there see what signals they're providing the pound as i recall is not looking at that great but i have to go back and look at the charts there but so that's the euro for mike in portugal peter in park city and uh for the uh for you know visual that is the u.s dollar index now u.s dollar index moving higher somebody might say oh man that is really not going to be good for goldilocks out there and steve you would say not so fast why would he say not so fast well you've got gold gold is basically flat today in terms of u.s dollars moving higher in terms of euros higher in terms of yen higher in terms of pounds out here so if that day's end you get a bit of a rally inside of gold out there if you get a bullish reversal candle today you'll have it confirmed by the d-point pattern so it's important to take a look at how these instruments are trading inside those major currencies what are our brothers and sisters in those countries that have as their local currency either yen pounds or euros doing in fact we can continue that i've made mention of hey you know it's really not so bad with regard to how the dow is performing in terms of those other currencies here's the chart right now so you can see that in terms of the dow in dollars we're back towards that june swing point now this is a daily time frame we know we're trading inside the weekly swing point of june we're getting close to the daily swing point of june uh so that's a hundred percent move of a move coming back there but if you take a look at the dow price in euros has not even made the .618 retracement of that last move from low to high in terms of yen didn't even make the .382 retracement in terms of pounds it just made the .382 retracement those are just natural dead cat moves so the dow is very strong in terms of yen and pounds that's the reason that mike said hey take a look at the euro looks like it's getting ready to crater i agree with you there i think it's been cratering and the question is when does the when does the global full of capital really take hold and i don't know the answer that question i do know this that we typically see bottoms inside the stock market around three different time frames the end of january the end of june and the middle to end of october now those can shift a bit yet the daily bottom signals we took a look at the es many of the s&p 500 you've got the weekly signals there have they shifted we take we're taking right now a look at how the dow is priced in these other major currencies so the dow is holding up well across the globe it's just not holding up as well here in the us but it will at some point in time so i hope that helps you out let's go to our next question that was really from dan inside the tiger's den and dan wanted to take a look at one of his favorite stocks at his cassava sciences s a v a is the aturk symbol had a nice move yesterday big wide ranging bar as a nice a to be equal cd to the upside that a to be equal cd upside the one to one would take us into the 4450-ish type area priced yesterday closed above the top of its profile dan at 3446 it is above the top of its weekly profile where it ran into resistance today danny you don't see saba steve didn't do that thank you mr bill you got to have a wingman many of them so thank you for letting me know that steve was on the wrong charts here we go so now back to uh saba well we've got out there you can see i've just drawn in the cd leg i drew in the a to b and i've just simply moved it over cd leg that's how we get to approximately the 4450-ish area here's a profile at 3446 that price closed above so it suggests that at least wants to to pick that out now there's breakdown resistance on a daily basis at 4282 so there's resistance there why did price stop where it did today danny i would venture to say that's the sellers that are at the center of its uh bullish structured monthly profile there's both buyers and sellers there that's at the 41 dollar even steven number you got up to 41 and a quarter now if price can clear 41 and a quarter the next resistance level on a monthly time frame would take you up to 6629 but of course you're not going to get to 6629 until buyers take out the sellers that reside at 4282 so where is it that saba is headed to 4282 if it can clear 41 bucks even steven steve roge with tfnn will be back in just a few you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for David's newsletter the technology insider and get an 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foresight fund services LLC this program is brought to you by Vista gold traded on the nyse american and tsx under the symbol vgz we're looking at the 30-year treasury charge out here g-man inside the tiger sense can we take a look at the tlt i'm looking to buy some puts out here so as we take a look at the tlt what we've got is um go back and take a look at the daily time frame i'm not going to no but no i don't i don't need to so in the daily time frame we've got no bottom signal out here price took out the prior swing point from back in june out there so that's suggesting lower price you're below the weekly profile there's native vehicle cd prices made the one-to-one level if that week's end price closes below the candle session from june 13th june 13th was a hammer candle that confirmed the buy the d-point pattern that low is at 130 18 your 129 31 if you close below that low that buy pattern will have failed and it will suggest lower price the next outside price objective would be 121 and change out there if we take a look at the 30 year treasury on a monthly time frame again there's a hammer candle here if you close below this at the end of september this being 130 18 that suggests lower price out there and you're below the bottom of the quarterly profile so all that supports price added lower the caveat or the question is will price take out that weekly hammer from june 13th i do not know the answer to that but that's the only thing that says careful will robinson as we take a look at the intraday set of charts out here for the 30 year treasury you can see that you've got a nice roadsman to indicator bottom on the five-hour time frame chart a price needs to take out the top of the profile and in order to signal otherwise you've got a nice roadsman to indicator bottom on the four-hour time frame chart this might signal and move up to 130 205 a price could close above that there might be something to its rally out there as a look at the other intraday time periods the only thing that i really see is price pulling back to test the breakout support on the 15 minute and on the 30 minute basis those are right around 129 30 and 130 even out here so that's what i see when i take a look at the 30 year treasury it does suggest it wants to move lower but you do have those uh bottoming signals on some of the intraday charts that do suggest you could see a bit of a rally out there so i do hope that helps you out g-man we've got a request to take a look at uh well alton i wrote in and what alton wanted to take a look at his question was what is the best he wants to take a long position in the mining equities out there and his question was which one looks the best well alton there's a ton of mining stocks that make up the gdx so i'd have to go through the uh you know probably spent a full hour uh trying to do that but let's just try to give you a quick rundown of some of the stock see if there's anything out here that sticks out to a you or i you've got new mont mining that's in the upper left that's the number one way to stock it's got a nice roadsman to indicator bottom the price might be pulling back to the bottom of its profile right around 41 uh 12 40 70 to 41 12 out there because uh because price is below the center of its bearish structured daily profile no break out there uh ran gold that's got a nice roadsman to indicator bottom price might find support between 1470 and 1487 uh no bottom signal on franco nevada perhaps that's what the gdx is waiting for is franco nevada to um chip in here uh a e m looks like a nico ego pulled back to a gap area uh so that breakout level is held but you're below daily profile you're below red outside and change that i don't like that so much so new mont and and tick assemble g o l d r 2 potential candidates another potential candidate is wheat and precious metals w p m do i not have those charts up i do yep okay um a u anglo shantae that's got a possibility but none of these are giving us really full breakout message out here royal gold r g l d uh that looks pretty decent with resistance up at about 95 85 um so again i'd have to go through everything alton there's not anything these are the top eight stocks there's not anything out here that sticks out as being have the second half of gdx component charts i do i don't have new mont mining oh sorry about that i put up the uh the other starts thank thank you bill very helpful thought i tagged the right thing let's try this again there we go now you should have new mont mining okay so now we're taking i was taking a look at the top eight you were taking a look at the bottom eight so to speak out there so sorry about that but again here's you take a look at these it's new mont mining that's got a decent signal gold has a decent signal weed precious mesh wheat and precious metals and ticker symbol a u anglo shantae even even royal gold it's got potential there's no doubt it's got potential the issue with regard to the gdx is this let's go switch back or i think that this is the issue so let's go switch back to this screen and let's go switch back to our daily weekly monthly set of charts out there and let's go ahead and put in the gdx for halton so let's get the gdx so take just a few moments here to populate what we'll see is that the gdx has a nice rogement of indicator bottom much like i refer to with regard to new mont mining price moving lower doing less route of energy bullish reversal candles out here price below the bottom of its profile not good you've got a weekly confirm rogement of indicator bottom that was from two weeks ago when you got that nice bullish piercing or bullish engulfing candle out there what price has been unable to do out here all then everybody else that's listening is closed above that weekly red acid and change line i believe that that is what's needed out there to get a confirmation that we likely have a change in trend now i say likely because there's a new profile on a weekly basis that is formed inside of the gdx with resistance at 2666 so you want gold to in effect give you a bottom so you need a bullish reversal candle there in a daily time frame to give you a buy the d-point pattern and you'd like to see the gdx trade above close above right now that level is 2490 then we might be onto something out there halton until then hard to really say actually it's pretty easy to say it says just really be cautious out there so hope that helps you out thanks for writing in cause wrote in cause wants to take a look at ticker symbol ctr a so let's get that fired up here the ticker symbol itself doesn't jog a bell that doesn't really matter i just don't know what ctr a isn't doesn't show up on these white background charts but i believe that is cotera energy trading out at 29 and change right now that is below the bottom of its full of structured daily profile um what do we see we see a nice uh nothing not a zip zilch there was a confirmed a to b equal cd to the downside that confirmed what was to the upside was confirmed with a bear shooting star on september the 15th price may be pulling back to test 27 24 cause i think you're looking for entry points that's a teeny nine count breakout area so look at the daily time frame the weekly chart has got a teeny nine count top that's suggesting price could pull back to 25 15 25 65 and 26 86 would be the numbers to look at cotera energy as a monthly td nine count top price above its monthly profile and its green oxidant change line those conditions are neutral so you're neutral on the very long term you're somewhat um consolidating on the weekly time frame so i'd go with uh if you're looking for an entry point here i'd wait for a further pullback look at 26 86 to 27 24 cause also want to look at debon energy dvn is the a ticker symbol here so let's get these charts populated see if there's any additional message here a different message when we take only a dvn um come on go ahead populate out there dvn traded out at about 65 69 uh also just like uh ctra trading below the bottom of its daily profile this could be an a to b equal cd to the downside um i say could be but i need to go take a look with the i'll tell you what i'll take a look at debon energy during this breakout there see if there's native people cd to the downside even if there is price must close below the top of that weekly profile which is 64 13 debon tf this to gold owns and operates the largest undeveloped gold project in australia the mount tod gold project this to gold just completed their feasibility study resulting in a seven million ounce gold reserve this to gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing an accretive transaction this to gold trades on the n y s e american and t s x under the ticker symbol v g c this to gold executing a strategy to create shareholder value you might think that if you want to be 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hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tiger's for just $1 for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com welcome back guys so during that break we took a look at the all right went ahead drew in the a to b equal c to our during the a to b and c to d lines out there you can see dev an energy chart on the left hand side daily time frame did complete the one to one price projection move but what it's lacking right now is a bullish reversal candle so if you were to get that cause that would give you a buy signal into dev an energy you'd especially like to see that while on the weekly time frame prices held the top of its weekly profile that was at 64 13 number that I had mentioned so you really like to see that bullish reversal candle to confirm a buy the d point pattern when we look at a 30 minute shine frame out here dot cause what you received here was a rosemont indicator bottom that bullish hammer candle at form of 1030 morning back on september the 20th that was yesterday that then led to a td9 count top bar number eight identified the top that was this morning at 10 o'clock prices pulled back but if i'll support at the center of its profile that's at 6505 so this looks like it's really so if you can close up 65 86 it's going to take a run for that td9 count top and that's up at the 60 694 level the price can close above that dev an energy wants to make move to 70 02 but wait stevie you said hey cause should wait for a bullish reversal candle in the daily time frame and that is still my conclusion and it's especially my conclusion because price also below the bottom of its daily profile was at 66 82 so cause I hope that helps you out thanks much for the request out there and it looks like we got to everybody's request that's a beautiful thing when that unfolds out there so that takes us back let's go put up the es mini charts as we go into the close of the show out here let's get those populated again let's just remind ourselves of where we're at and what we're at on a daily time frame a confirmed by the d-point pattern that does suggest they move up to at least 3950 that is its red oscillator and chains line confirmed uh rosemont communicator bottom signals for the four and five hour charts they suggest a close above 3900 would lead to a further rally let's use 3909 and the further rally would be 3977 above that well then we'd be looking at probably about 4000 or so out there but we don't have as I look at these intraday charts really for the most part well I've got a wave seven on the 10 minute chart out there but the tell is right now that markets want to trade higher the problem is market folks stay tuned for great program now see you tomorrow on terrific thursday you have a wonderful wednesday take care