 Presentation of TFNN, The Trader's Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the March 16th, the wonderful Wednesday edition of today's Trader's Edge Show. I'm your host, Steve E. 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's having a great day. Let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. We do not 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 are going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I, just past 1 o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, that's this. During this next 60 minutes, I'm here to serve you. Feel free to pick up that phone, dial on in at 877-927-6648. Now, if you can't dial in, we've got you covered there, too. You can always let those fingers through the walking, which means go ahead and send me an email. Send it to steam at tfn.com. And of course, inside the subject heading, if you'd be kind enough to put radio show questions, that'll help me to be able to get your email versus all the junk that I typically get out there. So that's one way, of course, if you're in a tiger's den, well, 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 Rhodes. Welcome to the show right now. We've got all the US indices trading the upside. Dow's up 253. That's 7.10% S&P, a little over 1% or 47 points. NASDAQ, 1.07, 2.36. Russell, a little over 2% or 42 points. Semi is 2.07%, 86 points. The semis, the trainees are up 500 points, a little over 3%. You've got gold trading out at 1911. That's off 18 bucks. Silver's down 34 cents in 2041. Lights recruit off 43 pennies, 96 ones. The print there, natural gas up 17 cents. Big move. Still consolidated with inside its daily profile. The 30-year treasury is flat. It's trading out at 1.5202. Lead the charge dollar-wise the upside. You've got Burkato, Libre up 8.5% or 83 bucks. Booking, holding 79 or 4%. 30-pam systems, 43 bucks, 90%. Shopify 41, 8%. Autozone 39, 2%. So we've got some movers and we've got some shakers. Lockheed Martin is down 26 bucks. That's 6%. Bluewater Vaccine is down 41% or 27 bucks. Northwick Grumman down 26 bucks, 6%. Icanics. Healthcare down 19 bucks or 54%. So there are some movers and there are some shakers. But what we're going to begin the day is as we're waiting for the Fed announcement comes out in 51 minutes and then I believe we've got a, that's when the state mobile release. I think there is. I'm not sure. Is there a follow-up meeting after that? Maybe somebody in the den can let me know. But I know that we've got an announcement at 2 o'clock. So what are the markets doing as we speak right now? What I have up on the screen for you is I've got two versions of the ES mini and two versions of the NQ. The reason I've got versions, if you take a look at the very top left-hand pointy, I press conference 230. Thank you very much. I appreciate that. So if you take a look at the upper left-hand corner, you have the actual June contract, which is the current contract for the ES mini. We've just rolled over into it. Now on the right-hand side, what you have is the Stevie synthetic version. Now the synthetic version stitches together prior contracts. It's different than the continuous. And it provides us with additional information. And oftentimes it provides us with different profiles. That's what we have here. So for example, we're just focusing on the upper row, if you will. You can see that in the June contract, price not only hit 80 sending trend line, it has also hit the top of that profile. So the top, and even though you have different profiles, these are still where sellers are at out here. So the information is useful. It's very useful. And at $43.2650, if price can close above that, you can see some trend line resistance. That would then suggest to move up to $43.82. $43.81.75 is the top of the synthetic version of the contract. If you close above $43.81.75, then that suggests to move to $44.38 or $45.14. Now I know somebody out there is going to ask me the question. Well, now, Stevo, how did you get to $44.38? And that is a great question. I'm going to show you that. We're going to switch back and forth between windows here. So you just got to give me just a second to do that. But where that's coming from now is the white background daily profile chart. So this is all using the same data. Sometimes it just generates a different technical piece of information. Here you can see that we have a profile with a resistance level of $44.38. That's the top of the profile. That is where that number came from. So you can kind of take this one step at a time, which we have. A close above $43.26 suggests $43.81. A close above $43.81 suggests to move to $44.38. A close above $44.38 suggests to move to $45.14. That is the progression. Now what about if buyers and sellers really take control after the Fed announcement or perhaps sometimes during Fed Powell's Q&A session out there, we'd be looking for support. The first level of support here would really be that oscillator and change line. Now that's not going to change no matter what screen we look at. And that would get us down to about the $42.15 level. Is there any signal that we're going to get down to $42.15? The answer is no, not that I see just yet. More likely what we see is move back to $42.81. $42.81 is the 120-minute time frame chart. You can see its oscillator and change line recently changed colors. So it's logical that that level would be tested. If you get a test and rejection of that area, that suggests that price moves to the higher ground and you'll be watching those resistance levels. There's nothing else really here to report on in the ES mini. So what I'll do even though we'll take just a few moments for this to populate is we're going to go ahead and populate the white background screens and then we'll move back to the NQ to the black background screens because again here we have different profile levels. Now on a daily time frame, you can see that the bottom of the daily profile in the white background chart is $13.901. $13.901 is going to be the first battleground. Now price has gotten up towards that level. It's given it up a bit, but that doesn't necessarily mean that that's it, but that is your first level of resistance. As I switch over to the black background screens out here, you're not going to see that as the bottom of its profile. Now you can see on the five-hour chart price got up to the resistance, $13.749.75. That would be a key level to be watching. Price can overcome that. That's going to suggest higher price. We have that 120-minute chart, the same oscillator and change line that changed color. So price is likely targeting the $13.575 level on a pullback. I'm not saying that it can't go further. I'm just saying that is the first level of support. Now as I change screens, we go back to the black background screen out here. Again, all of this information very useful. You just want to go ahead and take note of it so you can watch those levels. Now to the downside inside of the NQ, there is no support. What I mean by there is no support is just simply there is no profile support. If you take a look at yesterday's candle session, that was a bowl-sash candle, that was confirming an erosement indicator signal. So therefore the support level is really the low of yesterday. And that is at $129.4250. If there were to be a close below that, that says we had lower. Now we had lower to where we'd have to go take a look at some additional charts out here. But you can't see the different profile levels for the NQ versus that white background chart. Now let's go quickly, turn the page here and take a look at the profile levels for the Dow. So you've got the June contract in the left-hand side. It's similar but not the same as the synthetic version. You can see very different profiles for the Russell 2000 for the June contract versus the synthetic version. Right now price-to-city resistance would take that as the June contract in 2008. And inside the Dow resistance level would be the 3380. Steve Rhodes with TFN will be back in just a few minutes. 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. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Free at 1-877-927-6648. Internationally at 727-873-7618. Good back, folks. Let's go to our first caller. It's Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing this morning? I'm doing great, Steve. How are you? I am doing very well. Thank you. I believe the ticker that you are calling about is DM, desktop metal. Is that correct? Yeah, that's correct, Steve. I just, the one thing I noticed it's been in its consolidation for a couple of months now and just wondering what levels up above it needs to kind of break through to potentially get out of that zone and start moving upwards. Sure. So the first level would be 426 and today's high is 427 and 426 happens to be the top of the daily profile. Now it is, I'd call this a bearish structured profile meaning that the center which is priced at 401 Brent is closer to the top of 426 than it is to the bottom. So you have more sellers lined up between 401 and 426 and therefore a price could close above 426. That would be a positive. Really what you'd like to see is a close above 429 which is the center of its weekly profile and you can see that for the last two, four, six, seven really eight weeks. Now the profile has only been around for six weeks but basically for the last eight weeks or two months price is traded between the range of 351 to 429 and that's the bottom and center of that weekly profile. So I think the information here is really clear to us as far as what price needs to close above. Now in a weekly basis Brent if you didn't get a close above 429 because this is a bullish structured weekly profile opposite of the bearish structured daily profile the daily profile will have failed. That would be positive and then when you get above the center of a bullish structured profile you typically find that buyers are able to push price up to resistance which is the top which is 558. So that's what the black background daily and weekly charts is not really any information here on the monthly that's useful to us. Do you have any questions about these charts before I switch over to the white background charts? No that should do it Steve thank you. Okay so let's go take a look at that see if there's any additional information that Brent and I can glean out of here. The first thing that we can see is there was a TD9 count bottom that formed it's still in place on a monthly basis that was in January of 2022. On a weekly basis out here again we're just looking for a confirmed bottom signal and do I have that. It does look like we also have on a weekly base a confirmed TD9 count also taking place in January. So you've got those two nice bottom signals let's see what the daily chart is communicating. Well the daily has erodesment to indicator bottom and that formed out here let me pull this back a tad make it easier for everybody to see. That actually formed out here with the bullish engulfing on February 24th that makes a lot of sense. So you've got the bottoming signals it's just a matter of price dealing with resistance. We've really covered where that is at. On the intraday charts out here not really much additional to add we can see it about 424, 431 those are breakdown resistance levels on the 195-130 so those are resistance areas. So that's what it looks like to me Brett. So what say you after that information? That's good information Steve. I have the $2.50 calls that go up to January 2023 so I bought those when I was down low and I was just curious like I asked you know initially what levels you know this is kind of kind of need to get through to hopefully be able to keep moving upward and that's what you gave me and I appreciate it. Cool so if you look back to one last piece of information I see here I noticed it as you were chatting which is that the new profile that formed on a daily base about four or five days ago is within the body of the prior profile and that is a message of a consolidation. So this still has the consolidation which we really see by taking a look at the weekly chart as well but once you break through that consolidation that's also going to give you that measured move you know in essence equal to the overall consolidation out there. So it looks like it's just consolidating sideways it's got the nice bottoming patterns out there and you'd love to see this close above 429. Is there anything else that I can help you with Brent? I think that's it. At some point you get a chance if you can go over just where you think gold's at you know or we get in there some kind of bottom or what areas you may be looking at to potentially go along that again so that's one other thing. I was going to let you know we tried to have a good kind of latter part of the winter here and you know going into spring and all the fruit trees have had all their blossoms you know had it all developed and beyond this ought to be a good crop this year I'll let you know how that progresses. Perfect, perfect, perfect. Okay well look I'll go over gold right now since you had asked about it you're welcome to stay on the line if you'd like and we can try to walk through things here. What I'm going to do is just switch over and take a look at our four panel chart out here the daily, the weekly, monthly and the quarterly so here's what we know we know that price got up to the all-time high 2074 rejected that level so at this stage here we've got a double top signal that's in place price right now is trading below the bottom of its bullish structure daily profile that's at 1920 and if price were to close below 1920 from a profile standpoint that would be signaling to you and I think that price could get back to well it would be 1830 and 1830 happens to be the top of the weekly profile not before price would get there Brent there's other levels for us to take a look at out here but that's what these charts are communicating to us are you still on the line? Yep I am Okay any questions about what you see here on the black background charts? No I would just just what's your feeling about gold do you think this still has lower to go or getting lower to go I guess we're going to look at some of the shorter term time frame charts and see if they're indicating anything or if this still has a way to go I would say the key level here to answer that question for us Brent is 1892-20 and that is the daily breakout level for Goldilocks I would say that if price closed below that then we would get the signal that price is likely to head lower out there so we are trading below the bottom of the daily profile it's a bullish instructor not the one you see on my white background chart here but on the black background charts there either way price is trading below the bottom of a profile and if it does close below 1960 then we'd be watching 1892 and so if price closed below 1892-20 then I would say it has lower to go now on an intraday basis you do have some roadsman to indicator signals but nothing that's been confirmed just yet and that's really on the 195 minute, the 130, the 65 the 30 minute chart actually has a confirm roadsman to indicator bottom but that's the only one so I don't have I don't really think we have clear convincing information yet when we take a look at Gold if we were to any questions about these white background charts no I think what I might do Stephen just you know how I like to do that Friday trade and maybe what you know go through today tomorrow and then you will that Friday potentially yeah look that sounds like a good deal I mean if we take a look at what Gold is doing across the globe out here it has topped, this is a daily time frame chart so it topped to the day in really all the major currencies out there and so that could be a significant high can be a significant high and we can see that price is trading lower and all the major currencies right now so whether it's dollars, euros, yen and pounds I think we're going to probably have to add the Chinese Yuan version of this chart here knowing that longer term that may become the world's reserve currency we'll take things one step at a time any questions about these charts no I think that's it Stephen I really appreciate it I just could be one of those things where it pretty much got up to when you see that kind of a move kind of the same as the oil where you have the big you know kind of like who ever want to call it all that enthusiasm where it gapped up or went up shooting up there getting the whole price went to levels that a lot of people were thinking could get to and it did that and now it's backing down so it came down for a while hey Brett we're about to go to a commercial here great to speak to you have a wonderful Wednesday folks we'll be back in just a few you having fun trading the markets but having trouble finding like minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com the 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bit about tfnn land interested to hear Brent and Steve speak so thanks for that yeah my pleasure my pleasure for sure of course everybody wants to hear you speak as well so the microphone is yours say along with oil and gold market did as well now of course in the United States there's three different classes of wheat and I'm going to talk about the different classes that are related with them my suspicion is the City Wheat futures contracts on the largest would be the Winter Wheat feverably topped for a good period of time Monday March 7 and I'm wondering if you can pull up the new crop Kansas City Wheat futures do you have a timeline chart work on the daily and the weekly basis support levels okay yeah so the answer to your question is 103220 and that is the left hand panel so you should be able to see that now it's the black background chart it's the daily time frame for the July contract for Kansas City wheat and we did get a what I'll call a sell the D point that was an A to B equal CD reversal candle the bear sash candle that actually formed on March the 8th so we have a completed topping signal that typically says that price will pull back to support now the black background charts I don't have the oscillator and change line but that would be the first level and that level actually I can tell you that price is trading below the next level would be the profile areas and on these black background chart the top of that profile is at 103220 now when that profile formed price was already above that this is actually a bullish signal so even though we have in effect a top I would say that the signal here is neutral and it's neutral because any time you trade above the top of a profile where the sellers are at in essence that's deemed to be bullish out here if price were to close jump below 103220 then the signal to us would be a retracement back to the 919 or 956 area is there any question about that daily time frame black background chart now that's very helpful might you pull up the white background charts that daily with the ABCD targets lower that a to b equals c to targets lower so for that I will switch to the white background chart but if there was an a to b equals cd to the downside that's going to form it'll have to take out the swing point from March the 10th and if it does that then the one to one a to b equals cd pull this off to the side would get us to 918 918 25 interestingly enough John 919 is the bottom of that bullish structured daily profile so that would be the one to one isn't it fascinating how these things pop up like that it does but folks first price has got to close below 102750 but this certainly gives you that price projection and since in John's mind he's saying hey this could be a significant top and so where would the next perhaps logical entry be or best reward risk entry be and certainly we can see the completion of an a to b equals cd at 918 would be nice and of course we'd like to see there is some type of bullish reversal candle so now John what I can do is I'll switch over to the white background screens that may provide us with some additional information fact I'm sure that it will and some additional information would be support but first what I would do is start with the monthly timeframe so on the monthly timeframe yes price went up made that high got to those higher highs those targeted levels out there and in doing so right now the month is not over but prices trading above the bar following bar number nine of a TD 9 count and if at the month price closes above that level that level happens to be 96625 that's actually a bullish message out here so that's an area to watch but we're only halfway through the month the weekly timeframe chart suggests that support would be at 956 so 956 would take us right to the center of that bullish structured daily profile so I would say if price gets below 1027 50 even though you'd have an A to B down to the 918 level I think you'd be watching for that any kind of bottoming signal that could unfold certainly on a daily timeframe maybe like a TD 9 count or something like that in that 956 level but on a weekly chart of price were to get below 956 and that says okay that 919 area any question about the weekly chart here John? Oh fascinating thank you. Okay on the daily chart here we've got different profile levels and as you know we still use all that information it's really generated by the same data but sometimes it generates additional information so this gives us 1032 35 so whereas on the black background chart it was the top of the profile that it formed at 1032 here at 1032 happens to be the bottom of the profile so the nice thing about that for your potential A to B is we know if there's a close below 1032 then we then key levels of support are broken whether it's on the white chart or whether it's on the black background chart and if this does more than a 1 to 1 A to B equal CD it could pull all the way back to its breakout level which is 80425 John any questions about this white background chart? Actually no thank you very much and frankly I am praying for that don't want food shortages facing humanity and getting back down to 8 bucks that would be very nice yes yes well it's got that possibility but first it's got to crack these key support levels I think you and I have done a pretty good job of identifying that and that is at that 1032 level for the Kansas City weed contract for July out there anything else I appreciate that hey you bet John always good to hear from you thanks much for calling and the folks the phone lines are open 877 9276648 so we would love to hear from you as well there are some requested of coming by email out here and the first one coming in from Rich and Rich wants to take a look at Mosaic so I believe we're on the white background charts yeah we are so give me a moment here if you would folks let me change over to our 8 panel screen or am I there oh I guess I'm there okay I didn't realize I put this information here so let's go take a look at Mosaic it's going to take just a moment here to populate and go back and read the question the question is you're a long-term holder with a nice profit thoughts on where to take profits or buy more please and then can we also take a look at Nordic American tankers so with regard to Mosaic out here what do we see what do we see so on a monthly timeframe everything looks bullish when I say everything looks bullish you're above the top of its profiles you're above a green oscillator and change line you don't have a topping signal that's in place out here so that looks good and I understand rich why you would be a long-term holder the weekly chart really the same message out here no you know so on the weekly chart I'm going to take that back there is certainly a confirmed at this stage you're a confirmed A to B equal CD pattern that right now it's only Wednesday it's being confirmed by this bear sash candle so like the A to B point I would draw from my bar 8 up to wave G and I take that over to that retrace but you can see we're well above it is more than a one to one A to B equal CD but this suggests price could pull back to 5120 which we get back to this break will further look at mosaic MOS is the ticker son are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the 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with our 30-day money back guarantee TFNN Educating Investors today an investor should consider the investment objectives risks charges and expenses of the direction shares 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 dedicated investors such as traders and active investors distributor for 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 welcome back up folks I use that time during the break here for rich to just go ahead and draw the A to B equal CD pattern that has formed on a weekly basis inside of Mosaic we don't know it's only Wednesday we don't know what the actual bar will look like if this were Friday at four o'clock then we would know that this is a bear sash candle and that would be confirming this cell the D point so when you get a confirmed cell the D point then we start looking for support well really when we go take a look at support on a weekly basis the first level would be its oscillator and change line that's currently priced at fifty one fifteen so you're at fifty six forty two I would prepare for that potential move back you'll also notice on the daily time frame the bottom of the daily profile is fifty one seventeen so it's really lining up with the oscillator and change on on the weekly base now as price moves lower or should price move lower then that the oscillator and change on the weekly is also going to move lower but just use that as a target area and that in essence now it's a bullish structure daily profile then in essence would be an area to add to your position should price pull back to that level now the daily profiles on the white background charts are different than they are on the black are they? Oh they're not they're exactly the same okay so great everything lines up there the hundred ninety five minute charts got a nice TD nine count top price is testing support if price gets below or close to below the bottom of this current profile which is currently priced at fifty six oh six that's going to give you your signal of pulling back to that fifty one dollar area so that's what I would be watching there as far as where to sell you know you're a long-term holder and that monthly chart is signaling that price should continue higher after this pullback and if it does then really the target rich I would say becomes the February 2011 highs and that's the eighty nine area it's not really the area to focus on right now because what you're really watching for are the signals that show retracement and what does price do as it gets back to these levels of support and then kind of take it from there so I hope that helps you out rich thanks much for taking the time to write in and have a wonderful Wednesday next request coming in from the Tigers den this will take a look at a China stock out here KWB so that is the China Internet ETF out there nice move today let me get that going on the I'm not even sure which charts you guys are looking at so let me see if I can figure that out but I'm gonna get that going on the white background if you guys look at the white ones which is fine but let's go put the black background charts up on the screen while the white ones populate and so as we take a look at KWB we can see that prices made its way all the way back up into its bullish structured profile I believe this was for SNP maybe in the Tigers to know SNP and so SNP I'd love to see it close today above twenty eight eighty twenty eight eighty is the center of its bullish structured profile you close above typically you close above the center of a bullish structured profile that signals move to the top the other thing that this gives to your what it generates for you is that this was a bullish structured profile and this formed above price which is a bearish message well price continued to move lower if this is just a countertrend rally then where price should find resistance so watch today's close that would be at the center that's a twenty eight eighty your twenty eight ninety eight right now is that close enough that far enough ahead yeah I'd say a buck over that is far enough ahead if it close above that to signal the move to thirty ninety eight area let's see but prices in essence in a resistance zone out here let's go see what the white background charts say maybe they provide us with some additional help here in navigating this trade for you and as we go to those the one thing to notice here on the weekly time frame is that it is trying to form a roadsman to indicator bottom it's got a piercing candle as we speak right now but price also made its way right up to resistance and that's that red oscillator in James line so that is actually printing at twenty nine we're printing out at twenty nine oh seven so that's resistance level that you would like to see fail if price close above that that would suggest a further move higher the daily time frame shows a TD nine count that is going to at least if we were to close right now that pattern goes away the reason it goes away is because we are in bar number nine and you need to have a completed bar number nine to complete that pattern well our number nine right now is trading above the close of bar number five so that's going to negate that signal so you wouldn't have that as a bottoming pattern out here but whether that's the case or not what you're really now watching for is how is price handling the weekly oscillator change line and the center of that daily bullish structured profile I don't really see much else out here to assist us so I do hope that helps you out at SNP and thanks much for the request and writing in our next question is coming in from Eddie in Boca hey Eddie this is good writing just a tad larger either that or my eyes have improved my eye vision kind of comes and goes these days Eddie's question is about the Q so let me see he's asking about the Q's so let me get those up on the screen here at least well of course you guys are on the white screen let me yeah let me get that on the black screen give me a moment here to change if you would and then we're going to go ahead and read his question out here there we go go to live okay so QQQ I'm going to fire that up on the white screens as well we tested lows of the Q's on Monday and since have taken up absolutely and those lows that were being tested here if we take a look at this on the QQQ series ETF what Eddie's referring to is the low of February the 24th out there and that was at 318 26 now the actual closed on the trading day of March 14th was 318 17 so it was a slight close below it there were 79 million shares that traded on that day versus on the 24th which had 130 million shares so there's Eddie's test and now we'll just call it a rejection on lighter volume can't this be so the further reading the question can't this be that the lows are in absolutely yes it can be that the lows are in so that's uh we'll say that is certainly a possibility it appears the war in Ukraine will end soon one way or another the Fed is raising a quarter point today China looks like they won't invade Taiwan at this point and the U.S. will probably reinstate Trump energy policy at some point soon wow you've got a lot of confidence out there I don't support all that confidence but hey I hope that you're right about all these things but uh okay let's finish reading the question we'll probably take the House and Senate maybe maybe not maybe there won't even be a vote and their policies are more pro-market what do you think I think all those things kind of make a lot of sense but right now what you and I can really focus on or what I can focus on is really the technical aspect of the market versus some of these fundamental aspects but let's just go back to your idea can't you know is it possible that this is a bottom and in my answer would be yes absolutely let's take a look at something here let me get it up on the screen and it's this tool here provided to me by the folks at Seasonix and here what we can take a look at Eddie is uh how do I do this I think I search for instruments let's just put in the QQQ series E.T.F. and here what we're going to be able to do is you and I we can take a look at just simply the seasonal pattern this has been the last ten years let me just put the last five years in so this red line out here this happens to be where we're at right now and this is over the last five years now I've taken out the cool thing about this tool is it allows us to go ahead and take out the COVID crash if I leave the COVID crash in which is what we've got right now then seasonally over the next over the last five years the actual bottom that has come in for the Q's is right around March the end of March but look we just use this as kind of a guideline we've got those bottom signals if you will inside the Q's inside the NQ inside the NASDAQ 100 out there again we'll take out we'll take out the that information from COVID here if we take like we go more than five years we go for the last 23 years out here and now you see that and so yes there is a possibility you just take a look at the seasonal aspect of the market that there most certainly can be a bottom that is in place out there so that's a real possibility Steve Rhodes with T.F.N. 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The investment is for four years paying 7% per year or $7,000 per $100,000 invested. Your investment is secured by high value real estate in St. Petersburg, Florida. Your investment can be anywhere from $100,000 to $500,000. Do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured Tiger First mortgage? The Tiger First mortgage program may be just the program for you. The Tiger First mortgage program pays 7% per year paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. I know we're short for time here, but trading the UNG, it's been a chopper for the past week here. Do you have any TD-9 counts on your task market profile? Well, no. I tell you what, what I think that you're really in here is a sideways consolidation right now. So I'm going to look at the daily timeframe chart for you. This is the white background chart. You should see this. This formed a rogment to indicator top. In order to do that, you need price to move higher than a prior high with less relative energy out there. And that's what it did. And then what you need, Mike, is you need a bearish reversal candle. That's what formed on March 7th. That was a dark cloud cover. What that then did the very next day, it created a nice little profile. And that's where price has been chopping around. So it's really consolidating between $4.44. Now I'm looking at the May contract. So right now UNG, UNG's holdings are primarily April, but that's changing. I know that they're getting out of April and moving into May. But it looks the same whether I have the May contract or the April contract up on my screen. But just anticipate that what you're looking for on UNG, you're really watching the natural gas contract. For May, you're watching the support level 444. And for resistance, you're watching 503. And right now it's dead center in the center. And you just have this little chop fest. There's nothing here else that I can provide to it that I see, at least on the daily timeframe. If I look at short-term timeframes for you, just for any other signals, you asked about a TD9 count top. You do have one on the 120-minute chart. So that's helpful to you in that right now price is trying to take on that resistance level. That is at $4.79. Again, this is the May contract. If you see it close above $4.79, that then suggests that it should continue to run higher. So that's the only TD9 count that I see that you should be aware of. If price doesn't close above that, then welcome to your chop fest. Mike, I wish we... I wish we had a red line at 360, huh? I wish we had more time. We're out of time here. I'm always good to talk to you. Thanks much for calling. Have a wonderful Wednesday, Mike, and everybody else as well. Stay tuned. You've got two more great hours. Your favorite polar bear, David Weitz up next. Tom O'Brien will take us on home from three to four. I'll be back with you on terrific Thursday. Have a wonderful Wednesday, folks.