 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes at 1-877-MAC-27-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the January 10th, almost the December 10th, the January 10th, the fantastic Friday edition of today's Trader's Edge. I'm your Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one and the easiest way to do that. Well, 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. Now today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and bears, what those buyers and 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 much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to give us a call at 877-927-6648. If you can't call in, we've got you covered there, too. Send me an email, Steve, at tfnn.com. Inside that subject heading, please put radio show question. Of course, our Tiger is done. Well, any ping will do. So let's go ahead and get this show kicked off on Fantastic Fabulous Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Last Show. Right now, we've got a little bit of a mixed bag out here. You've got the Dow trading down 46 points, less than two tenths of a percent to the downside. So really sideways-ish type move. The S&P is flat, up one full point. The Nasdaq won it up seven and a half points. The Russell's off. That's the, actually, the leader to the downside percentage-wise is the spot ball to the next note. It is the, it is, but really it's the semi-zero of seven points out there. You've got gold of five bucks, silver 17 pennies. Let's recruit us back 30 cents. Natural gas is up six pennies today. That's trading out with the February contract. It's trading out of 222. We'll be rolling over to Mark here shortly. You've got the 30-year treasury is up 25 ticks out here. Lead and the charge dollar-wise the upside. It's Cinex Corp. 17 bucks, 13 percent. Mercado Libre, $16 to an ampersent. Intuitive Surgical, about 13 bucks or 2 percent to the downside. It is Amazon off 11 bucks, a little over half percent. Portolo Pharmaceuticals down 41 percent. That's a haircut off $10. WD-40, it's got grease in the skids to the downside off $9 or four, nearly 5 percent to the downside. So let's just begin, get a quick overview. What are the markets doing here? Let's take a look at really short-term time frame. So we can look at all the charts, but let's begin by taking a look at the ES mini. Don't be short right now. Why would Stevie possibly say that? Well, if we take a look at what the ES mini did here this morning, traded off, and move right down to a second level of support, $32.75. That's a breakout level of support. That was produced by the TD9 count. But more important than that, let me get my cursor out here. You'll see that the low was made with not just a hammer candle, which it was, but happened to be bar number nine of a TD set up nine count. Both you and I know that when that count hits bar eight, nine, or the bar after nine, we can see some type of bottom. That's what we've got here. So what you should expect, we should anticipate for your short-term trader. Well, one, it could be either just simply a bottom, but first where price is going to move up to is test resistance, which is going to be Stevie's green line. Right now, that's priced at $32.79. That'll continue to change up and down. Ticks at a time as price moves, but we should see that. Now, if we don't see that, well, it's telling you about weakness in the market. But you've got a valid bottom pattern that took price right back to a level of support, $32.75. And now price should move up to Stevie's green line. Any close above that, well, right now there's no new profiles that I have. So you'd be looking at resistance, potential resistance around $32.83 and a quarter. And really you've got a breakdown level of $32.84. So I'd really say that anything above Stevie's oscillator and change line, currently $32.79, should go ahead and lead to a rally up to at least the $32.84 level. That's what the 30-minute time frame chart is showing. Let's go take a look at a bit larger time frame. What would that larger time frame be? Well, that would be the daily time frame. If we take a look at the daily time frame, price so far all it's doing today is testing Stevie's green line. That's priced out at about $32.72 right now, only four points above that. Price is moving higher, doing less relative energy. Not a big deal unless we see some type of bearish reversal candle today. We're in wave number six as what I've got it. That's letter F on my screen. Top's conformed certainly here. But we look for the market saying in the key of G or wave number six, seven. By the way, that could, the earliest that could happen inside the S-mini would be Tuesday. You need to lower high on Monday and then a higher high above today's high on Tuesday in order to get that seventh wave. If we wanted to sum up what is the week been all about really? I mean lots of action out there, the threat of war, all those types of things. But what has the week really been about all week for you and I? It has been nothing more than on the weekly basis a test of Stevie's green line. That was at $3206.41 or that's at $3206 as we speak right now. It was a different figure on Tuesday. But nonetheless, all the price is done for the equity futures contract. So here's the weekly contract for the ES. Let me make it easier for you so you can really see what's going on. I think I meant to include this chart inside the newsletter at some point in time and forgot that I had actually built it. But here it is. Here you're going to go ahead and take a look at all four equity futures contracts. And what do you see that each of them have in common? We're even talking about the Russell 2000, which no doubt is the weak link when we take a look at intraday charts, daily charts out here. But the reality is there is no intermediate term timeframe change in trend inside the Russell 2000. That's the bottom panel of this that we're looking at. So you've got the ES mini up top below that, the NQ, then D got the Dow, and then the Russell 2000, each of them testing and rejecting Stevie's green line. And that folks, that is bullish, tells us that the trend is still in place out here. Oh, I knew where I was picking up that extra audio in my ear. Now we shut that off. So that's good. So that's really, that sums up the market. You and I, we could just simply go out and I don't know what would you like to do today? I'd say let's not go ahead to the beach. It's a bit cloudy, although not a bad day to get just a mild sunburn out there. But basically that's the, that's the market. All right, but we won't end there because we've got a bunch of questions that have come in. Some that we didn't get to yesterday. We're going to get to those today. In fact, let's, let's begin by doing that. And so we have GV that was Jerry yesterday. Now Jerry, we're going to be able to kind of, you know, you know, the expression of what killed two birds with, or kill, kill two birds with one stone out there. We're going to try to do that because we've got Jerry on one side that is thinking of going long. Lightsweed crude, he wants to use USO for that. And I'll open up the USO, you know, that Jerry and I knew we're going to go take a look at Lightsweed crude, as opposed to looking at what's going on inside the charts for USO. But here you can see USO below the bottom of its daily profile. The USO for the weekly is above the top of its weekly profile. And the monthly is trading with inside the range of found resistance of 1285. That was the top of its weekly profile. But it's really going to be more about this set of charts here for Jerry. And we've got, I'll get the name of the other individual who wrote in because while Jerry wants to go long, the other individual wants to go short. And that's how we're going to go ahead and knock off two birds, so to speak, with one arrow. Not a stone. This is not the stone age. It's the arrow age. Hey, look at the right hand chart of Lightsweed crude right now. You tell me, where's price headed to? We'll be right back. The Webinar is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You can also gain access to the Webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This Webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. 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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. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. So we're taking a look at LightSuite Crew. We're doing that for two of our listeners out there, Jerry. And the other one I'll just go by OG is the name and OG wants to go short or is short actually. And the question yesterday, do we see LightSuite Crew continuing to move lower? Now Jerry wants to go ahead and buy LightSuite Crew. And so just simply from a profile perspective out here, we can see the prices trading below the bottom of the daily profile. Then the weekly with regard to LightSuite Crew. Now this is where it's different when we take a look at the actual LightSuite Crew contract here. Now I'm using my synthetic version because I like synthetic oil but the synthetic version of LightSuite Crew so that I can get our monthly, accurate monthly, quarterly and even weekly profiles out here. And remember when we took a look at USO on a weekly basis price was above the profile. When we take a look at LightSuite Crew and USO is its directional trading is based upon what's going on in LightSuite Crew. That's why we want to be able to really take a look at focus on the underlying instrument, not the ETF so much out here. So in this case here, what we can say is prices broken through a level of support, OG, that was at 60.25. This is day number three below that. And then we look at the weekly profile. This is a brand new profile form this week. It's solid. It's in. And this would suggest that we're price going to move back to, that's right, move back to, is $56.94. Now, we can also see that on a monthly basis, of course the month hasn't ended, but prices now trading back below the monthly profile, the bottom of that profile, that's 59.77. So we're about 50, 55 cents below that right now. So to answer both of your questions, in Jerry's case, the time to buy might be at about 56.94. I know you're looking for an entry. We'd want to see some kind of pattern unfold on the daily timeframe chart. If I pull the daily timeframe chart over here right now, the only pattern we have is the topping pattern. And that is wave number seven to the upside. And so we've got a confirmed top. These green lines here, those were breakdown levels. So we were more interested in those as price was moving up. And when it got above that, told us that price was going to continue to move higher out there. So we're not so worried. I'm not as much worried about them to the downside, only going to be in bar number three of a TD set up nine counts. So, OG, it looks like Lightsweed Crude is continuing lower. Now, I didn't say today, did I? But it looks like overall Lightsweed Crude wants to head lower. The reason why I say not so fast or not today, or I don't want somebody necessarily to take any action, is if we go look at a 30-minute timeframe chart, what we can see, and the reason why that's gold, we didn't want to look at gold, did we? That was actually a 240-minute chart for gold. Let's actually come over here and grab the right chart. It makes it much smoother when I do that. And here, now we've got the 30-minute timeframe chart for Lightsweed Crude. Why did Stevie say, well, just hold your horses here, or hold my horses? And the reason is because on the 30-minute timeframe chart, we can see how price is moving lower. Generator roads went to indicator bottom signal on the 30-minute. We've just seen price trading sideways out here. So we don't have any key breaks of support. Support now would be yesterday's low out here with regard to Lightsweed Crude. So let's come back here and take a look at that. And we don't have that. But if you were to see that, and I anticipate that we would, that's the message right now coming from the daily and the weekly charts out there. So I hope that that helps you out, guys. Sorry we didn't get to those questions yesterday, but glad that we could do that today. HD wrote in yesterday, and HD wanted to, he has long Apple and is loving it, and just simply is asking the question, cautiously holding it. AAPL is a ticker symbol there. And the charts look like it might make it up to $350 right now trading at $310.48. So if we take a look at, you know, what are we going to use for a price measurement tool? Well, we could come back to the monthly timeframe chart. Certainly that might be somewhat clean out here. And in the monthly timeframe chart, our B point is going to be back in 2016. What it looks like to Stevie. So, well, it would be helpful if I actually went ahead and turned that study on. Let me see if I've got that study on here. If not, we're going to add it. If not, we're going to add it. That means we're going to add it. I don't see it. That's unusual. But hey, in just a moment, Stevie will have that taken care of. So now we've added that tool. Let's go take a look at the price projection tool. Of course, that's brought to us by Progressive, the insurance company out there. Flow, I believe is her name, Steve Flow. But we've got May of 2016. That's your A point. The low down there, your B point out here is going to be October of 2018. And then the retracement down into January of 2019. That's when the low came in. I want just out of curiosity on a monthly timeframe, 789 million shares back in October of 2018. When that was passed, it was passed with 622 million, then 448, 598, and we're 227. So it's up above a swing point with lighter volume. Hey, volume's only one metric out here. If you actually take a look at Apple, and the question was specifically, will this get to 350? Now, this is a monthly timeframe chart. So we're going to cut out a lot of the noise, the daily timeframe, the weekly timeframe right now. I can't say that we've got a confirmed A to B equal CD to the upside. But I will say, we have a confirmed A to B equal CD to the upside. Why would Stevie say both those things? Just to confuse me. Well, the answer is pretty simple. I can say that now because we're above the 1 to 1 level. So for goodness sakes, let's just talk about a little dose of reality here. Now, here's what I want you to focus on here, HD. And that is that the move off of the lows in 2019 have been substantially stronger than that A to B move. The 2016 to 2018 move out there. We've maintained that same angle. And this says that, hey, 325 is in the cards. 375 is in the cards out here. That's what the longer term monthly chart shows us. Now, that's using just simply market profiles. Take a look at an A to B equal CD pattern. But if we go look at the monthly timeframe chart out here, and if there is a reason to be cautious, the only reason to be cautious right now inside of Apple is the mere fact that price is stretched. Price is moving higher, doing less relative energy. On a monthly basis, price went ahead and bypassed that TD set up 9 count out here. And if Apple continues to move higher, I can't make this call with certainty just yet, but it appears to me if Apple continues to move higher, and there's nothing yet in the cards that we see that says that it won't, this erosement of indicator signal could end up vanishing. It'll stay in place for the candles that it was present, but without a bearish reversal candle. It's just a caution sign. And the reason for HD tax to be cautious. So that was the monthly timeframe chart. I'm sure that what HD would like to know and what you might like to know is what else is going on on those more noisier charts? Well, if we just simply back things down to the weekly timeframe out here, do we have a topping signal, a topping pattern? And the answer is no. Would have been last week's high. Once Price got above that, told us that the TD 9 count was just a hiccup, if you will, on the weekly timeframe. So no bottoming. No, I know. We could do wave counts. We should do wave counts. Let's simply go ahead and do those. And you're only in wave number four. Maybe you are in wave number. We come all the way back to the 2019 low wave number six or wave number four. In either event, we don't see a top yet in Apple on that timeframe. Of course, if there were going to be a top that would form, it would start on the shorter term timeframes. And one of those shorter term timeframes would be the daily. And on the daily, we just have price moving higher, doing less relative energy. Again, just a reason to be cautious. But all in all, Apple still looks PDG. We all know what that stands for, don't we? Pretty darn good. Steve, thanks for waiting an extra day for the review of Apple. But I would stay put at this stage and let's just continue to watch. There's a bearish reversal candle. Then we've got some type of pullback that would be in place. But we don't have that as we speak right now. 1.26 in the afternoon. Steve Rhodes with TFNN. We'll be right back. 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 trait 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 Steve Rhodes, author of Mastering 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. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Earl the Pearl, he says, hey, Steve, hey, Earl. Is the first full week of January trading an indicator for the year? It's up so far. Now, I think that's a great question because it's a lot of propaganda that gets put out there. And so I want to answer that question by allowing you to answer that question. And if you're watching us on Tiger TV, I believe that you can do that. If we take a look at this chart, this takes the last 86 years day by day, painstakingly day by day, because I'm the one that did it, and averages out each of those days to come up with what the average annual seasonal cycle is for the Dow. Now, what this pattern here shows us, Earl, and everybody else is out there, so I'll just walk you through it because those of you that are not looking at the chart can't answer that question for Earl. If you are looking at it, you absolutely can't answer that question, right? Because the Dow on average makes a high on January 6th. Now, I mean, that's the average. We don't worry about it whether it's January 6th or it's January 9th or it's the 10th or the 11th or what have you, but it typically makes a top in early January and then it pulls back into the end of January. Let's just assume that the Dow just simply followed this pattern, no matter what, because this was the average pattern. And what typically this would indicate over the last 86 years is in the month of January, the first week, a lot of times that's up. Of course, it depends on when January 6th falls in that first week, but most likely what this also shows us is that by the end of January, price is really below where it started in the beginning of the year out there. And yet that's when you have your big run, the end of January into the middle of May or the middle of July out there. It's really the July. I know they say sell in May and go away. It's really the July high that you're more concerned with, not really the May high out there, but they'll never change that. The media out there, they'll never change that. They'll just load you up with a bunch of, hey, I'll use a, that guy who's running for President Biden, a bunch of malarkey out there. Didn't he do the malarkey tour or something like that? Yeah, that's what I wanted to say when they chose to do the malarkey tour. But Earl, I think that the best thing to do with regard to trading out here is just follow the patterns. And I don't believe that whether the Dow is up the first week of January or not, to me that's not a tradable pattern out there. But thanks for the question. This is what the seasonality shows us, and so you can go from there now. If we fall back and take a look at, hey, how these markets trading, you know, we bullish, we bearish out here, it is important to note on your charts, at least the 2019, in this case here, the prior year high, prior year low, you start trading above that. Well, that is bullish out there. If you take a look at this chart here, we've got the, you've got the ES, the NQ, and the Dow, you've got the continuous contracts all down the left-hand side. The next to that, you've got the New York Stock Exchange and the 2019 high. Russell 2000, we talked about how that was the weekend to see out here, but when we took a look at the equity futures contract, this week's been nothing more than a test of its weekly oscillator and change line, Stevie's green line, it's bullish, even though right here, we're on our chart, we're looking at, we're saying, well, it's bullish, but it's cautiously bullish. Some high still above the 2019 high. Then you go to the S&P above it, the Dow above it, Nasdaq composite above it, gold back below 1567-60. So just like with the Russell 2000, those of you that would look at this set of tools out here, this set of charts and say, okay, we're trading below in the Russell 2000, in 2019 high, yeah, I get Stevie's, it's bullish, just means that support hasn't broken, but this is not breaking out top side like the other indices are, and I would ask you, is gold breaking out top side? The answer as of 1.34 in the afternoon on January 10th is Kevin's to Betsy, whoever Betsy is, no, nor is silver. Silver never even made it close right now to its 2019 high, nor have bonds. So there's kind of like the bigger picture, I just thought I would go ahead and throw that in as a twofer, so to speak. Let's go to our next question, we're almost running out of questions. Well, we got one from peak D, so peak asked the question, what's our shorter term target for the GLD? Really, it would most likely be peak, what is the shorter term target for the gold contract? And so for that, we're going to go take a look at the 30 minute timeframe. Okay, let's go ahead and pull this up, refresh ourselves as to what gold is doing. I know that you had bugged out yesterday, oh, I think it was Twitter you were asking about. I did that at the very end of the show. So here, when we take a look at what gold has done so far. Now here's the 30 minute timeframe chart, but I'm to first pull over the daily, because you need to take a look at the daily out here. And we take a look at the daily, I was cautioning people yesterday and everybody else, be careful if you were short, which was the right message out there, that what we saw take place yesterday, and it was two o'clock yesterday morning, that was a bullish test. What? So you got wave number seven, letter G to the upside here for the gold contract. That says sellers should be in control, there's going to be a change in trend. If sellers are in control, what do they do? Their first objective is to try to bust out support. On this chart, where was the first level of support? Stevie's green line, did they do that? No, is the line green? Yes. Does that mean that that is a bullish test? Absolutely. Prices also happens to be above the top of its daily profile, so that too is bullish out here. So, Pete, this does say that what gold wants to do is move higher. Now, we don't have any profiles that you and I can use, right? Because that could be a level of resistance out there. We don't have a TD set of nine count. We don't have any real resistance out here that you and I can use, at least on this chart, and several other charts that I would try to pull up. So what that really means is you and I have got to be looking at shorter-term timeframe charts to try to figure out where price might head to out here. And so this made a TD set up nine count bottom yesterday. So at the same time that the daily was test and key level support, the 30-minute chart was also creating a bottoming pattern. And the answer to your question, where is this thing headed to? I don't know. I know that's terrible. You don't usually hear me say I don't know. Well, here's what we can say. Well, we think that the next price objective inside of gold, as long as it can trade about 1560-160, and right now it's at 1560 peak. So you got to watch this 1560, 1560-160 area. That is resistance here. I'll just expand the lines out here. Let me just add a few more bars that we want to go see, the TD nine count resistance levels there is kind of low anyways. Let's see, will this bring us all the way across? Will it bring us all the way across? Pretty close, right? So there you can see how what gold did, right? Formed a nice bottom, right? The daily timeframe? I mean, I'm saying right. You might be saying wrong. I'm just saying it formed a bottom by testing the oscillator and change line. Then on the 30-minute timeframe chart, you get a TD set up nine count. Price closes over 1550-360. Does that today, this morning? That would have been resistance. Now it's trading it to level two resistance. You don't have to call it level one, level two. The White House calls them phase one, phase two. I'll call it phase two. That's really, you know, 1560-160. So this could be it. But I don't see another pattern out there. I just see price at resistance. So you're asking how far can GLD go? You really need to base that on what's going on on the underlying instrument, which would be the gold contract out here. So what I would share with you is no reason to sell based upon the 30-minute chart. It's above Stevie's green line. Price is above even the 30-minute profiles. So it may be just trading between support and resistance. You know what I mean, right? 1550-270 would be your support level out here. And we know at 1560-160 it's resistance. So if price can close above 1560-160, isn't it an amazing peak? And everybody else out there, we got these lines drawn that you know, you need to be saying to yourself, well, how does that work? How can it possibly be that easy to identify support or resistance? It is. And so it closed above that. 1570-630 would be your next target. So you're kind of in the middle right now, right between support and resistance. And that's why I really can't answer the question. Where is it headed to next? We'll be right. 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. 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What's he looking at? So, this makes more sense to me. Okay. So, tell us what you're looking at when you take a look at BGS, folks, by the way. That's a ticker symbol B and G foods ink. So, fire away. So, my question is, it looks like it may have kind of completed a pattern up there. So, if we take the November low and then go up to the most recent high around 18, that could have completed a pattern up there and then I just wonder if this is a retracement and if so, what the percentage is and what your thoughts are as far as this retraces is something to kind of bubble it and get down to some kind of support. Is it, you know, be more patient, let the thing, you know, is it going to, you know, potentially form another pattern down, you know, low or just, I want your thoughts on this one at this point. Okay. Okay. I got you. And I'm not going to focus as much on the, although here are the set of profile charts priced below the daily, trading with inside the weekly, trading with inside the monthly. Instead, we're going to go right to the charts, because these other charts, because I think they'll answer the question. So, are you, I assume you're looking at this to consider taking a long position? I am, yeah. It has a good dividend, you know, whether that's in, it seems like it's been pretty consistent. It's actually over 10%. This one, I was looking at, you know, somewhat for that and also because it is, you know, near its lows, not at the low, but you know, it's down closer to the bottom than the top. Sure. Sure. Exactly. Okay. So, so I don't know why, right now from the daily timeframe chart, I don't know why the rally stopped where it did around 1850. We'll go look at the other charts and they may tell us, but in the daily timeframe chart, it doesn't tell us that. But what the daily timeframe chart does tell us is the following things. One, you had breakout support. That's a TD9 count breakout support at 1584. Now, my experience is when I see another, when I see a TD9 count form on a pullback, which is what BGS is doing right now, but it forms that TD9 count pattern above support, above a breakout area, that that is bullish. Yesterday was bar number eight. As long as today, the closes below bar number five, which is in like the 1740-ish range out there, that looks pretty solid. You're going to get a confirmed TD9 count. Now, whether or not prices trading below support that be in the bottom of the box, but you would expect that as something is trying to form a bottom using this type of pattern, you know, is this going to just get a counter-turn rally to 1720, 1813, I don't know, or is it going to simply make its next move up to 1964. That's the future. You and I don't know it. We just want to understand where the battles would be fought out here. But right now, what BGS is telling us is that today, you've got a, you're going to get a buy signal on it, just simply using that pattern. Your stop would need to be anything trading to close below 1584 would say, I'm going to go revisit the prior low out there from back in November, which we're referring to. So let's go look at the weekly timeframe chart. Just try to get, see if we've got consistent messages out here. And on the weekly timeframe, now that we pull that open, we can see that it formed a nice solid roads with an indicator bottom. But what happened is that after that, it went on to form a TD setup nine count top. So now you and I know where we couldn't see on the daily timeframe chart, why did this thing top where it did? We now have the weekly chart. And so the exact opposite of patterns that we were just looking at is really present here on the weekly. So this makes sense. It forms a high. Sellers should be able to push price back to support. And now the question is, will they be able to push it back to the 1575 level on a weekly basis is where that TD nine count breakout occurred. And about 1593 is Stevie's red line out there. So the weekly, the daily says I bought them. The weekly is saying I've topped or we can see the topping pattern, but sellers haven't been able to push price all the way down to support out there. I'm not sure what to make of that read, right? You've got a valid bottom on the daily and the weekly is saying I haven't really tested sport yet. So let's go look at the monthly just see what that is going on in the larger picture and then the monthly timeframe as we open this up. Well, now what we know is that not only did the weekly top with a TD set of nine count that was taking place on the monthly chart is price was simply testing Stevie's red line. What I do mean is it is red. It tells us on a long term basis, we have a falling price oscillator below zero. So on the bigger picture, this is still bearish. You got to wave number six a couple of weeks ago. And so I would be has even though you've got that by signal on the daily, and maybe that's it, I'd be hesitant on this because of the what the weekly chart is communicating to us and now with the monthly chart is communicating to us. So that's what I see in looking at the charts. That's great, Stevie. I'll just be more patient. I've been watching it for a while, not super long, but you know, kind of disballed it here and then. It's it's easier for me when I have been following something for a longer period of time. You kind of get a little bit more familiar with the patterns and so I'll just I'll be patient and see what it does here and what you told me is very helpful. I appreciate it. Okay, great. Good. Yeah, thank you very much again. Have a great weekend and I appreciate taking the time to look at that. My pleasure. As always, you too. That was Brent in Martinez, California. The ticker symbol folks we were looking at was BGS. We've got a request inside the Tiger's Den, a couple of them actually Ruby wants to look at sugar. So let's go take a look at no sugar tonight in my coffee and that's only because I don't drink coffee. But if we do take a look at sure, you've got a nice move that is ongoing today. We'll take a look at the March contract out here. What it looks like to me, Ruby, Ruby Tuesday is that what sugar wants to do is maybe complete an A to B CD to the upside. That would take into the 1430 level. That would also create or could create a potential butterfly cell pattern. You got a wide ranging bar today. Price is moving higher doing less relative energy. No reason to sell just yet. But it does look to me like sugar wants to continue to move higher in that 1430 area. So Ruby, I hope that that helps you out. If you were looking for something else other than what I just provided to you, go ahead and go back to it. In the meantime, Satish wants to take a look at ticker symbol SPGI. And Satish is long that. You're welcome, Ruby. SPGI. And that is the S&P Global Inc. And you're long. So I guess the question would be, should I stay long out here? Well, if we pull over the daily, first, prices above the daily, the weekly, the monthly profiles out there, they're not going to help us. So if we take a look at the daily time frame chart, we don't see any type of topping signal on the daily and support the first level of support would be 283 24. So no reason to exit or jettison the S&P Global Inc. Not that I see on the daily time frame. On the weekly time frame, Satish, what we're going to see is prices moving higher, doing this with less relative energy. And it's only a caution sign right now. It would be more than cautious if we were to see some type of bearish reversal candle. That's not going to happen this week. Well, it'll happen next week. I don't know. But right now, to answer your question, the weekly chart says remain and the monthly time frame chart says stay with this position. No levels of support, only potential signals of a top. And so best of luck with that trade. But I'd say put with SPGI. That was for Satish in the Tiger's Den. Steve Rose with TFNN. We'll be right back. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. Well, 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. Later, Basil found that computer software which included standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. 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New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the gold 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 gold report, sign up now by visiting TFNN.com. We'll see you next time. We'll see you next time. We'll see you next time. On the front page of TFNN.com. This is David White. Stay tuned because coming up next is the power trading hour right here on TFNN. Folks, that was all 43 points. S&P is up about two. Let's go take a look at McDonald's for Dennis. Dennis wants to take a look at maybe trimming this position. Here's what we know above the daily, above the weekly profiles and running into potential resistance at the center of its monthly profile. That's at a price point of $208.83 out here. Bear a structured box. So we have both buyers and sellers there and certainly sellers at $220.193 and you're saying you want to sell this between $215 and $220. So to get it to $215 this has got to clear what's important is you want to see this clear $208.83 doesn't look like it'll do it this week. You'd like to see it do it next week. If we take a look at the daily timeframe, we said price was above its daily profiles we looked for any kind of topping pattern. We can see the bottom, right? You can see the rogment of indicator bottom pattern back in November. It is in wave number 7 today. Now that can extend as it has because it was in wave number 7 well it was in wave number 7 yesterday, the day before and it looks like it may confirm wave number 7 today. Now wave number 7 can be a top. So now you've got the so you wouldn't want to perhaps anticipate a pullback, right? You've got the was the weekly or the monthly that was trading into was the monthly trading into potential resistance. The center of its profile on the daily shows wave number 7. No reason to sell just yet, but I want you to anticipate if we were to see a pullback and that pullback in McDonald's could be to 202-33 if that would be normal. In fact, we can see that the Stevie's red line turned green. So there should be a test of price and Stevie's green line at some point in time over the coming trading sessions. On a weekly basis, however, price is above this green line. So that's a nice out here. And in fact, this formed a nice TD nine count bottom and it did it right at the breakout level of 193-32. And this would actually say you're going to get your 215 and be patient out there. So the daily timeframe, if we see a pullback it's to be expected and anticipated. You don't want to see breakthrough support. And the weekly is saying, you know, I think I'm going to be able to make the run to 2084, right? In your wheelhouse Dennis. So that's what these charts are showing us. Hey folks, thanks for being here. Been a great week. Let's have a great weekend out there. And of course stay tuned for the next couple of hours. Two great hosts. Excuse me. Sorry about that. David White coming up. Tom O'Brien to take us on home and I'll be back with you on magical and marvelous Monday. Thanks for all the questions this week. Let's do it again next week.