 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the May 1st. The magnificent Monday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there's having a great day. Hey, 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. When you and I make that one little two-by-four shift, it means we can find the gift. In every set of circumstances, 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 go 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 am absolutely grateful for your presence here, but even more important than that. And that's this. You're in this next 53 minutes. I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. Now, if you've got a question but you can't dial in, you can always send me an email. Send that up early and send it to Steve at tfnn.com. And inside the subject heading, please put radio show question. Now, if you're inside our Tigers, then well then any. In every ping, we'll do. So let's go ahead and get this show started on magical, marvelous, magnificent Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. We got a slightly mixed bag out there. The mix is coming from the Nasdaq 100 off 50 cents. So basically flat. Dows up 110. S&Ps up 10. Nasdaq is flat. As we said, the Russell's up 9. Semi-zero up 20. Trendy's up 62. New York Stock Exchange up 47. Gold's off 8. Silver's up 12 cents. Light's recouped us back a buck 50. Natural gas off 8 cents. 30 Treasury down one and a half points. Printing out at 130.06. Now lead the charge. Dollar wise, the upside. You've got a sense pharmaceuticals. It's ascending to higher price up nearly 13 bucks or 18%. Midwest holdings 12 bucks 90%. Monolithic power systems nearly 2% or 8 bucks. And Biddy up 8. And Eli Lilly is up 7.5. That's about a 2% move to the upside. The shakers to the downside 43 bucks for top financial group. That's down 40%. Micro strategy off 15 bucks or 5%. Cost goes off 8 bucks. One and a half percent. Solar ed $7 to the downside. 2.5%. And Netflix is off 2.5% as well. That's about 8 bucks to the downside. So what do you want to begin? Well, actually the first question that came in was from Peter. And asked about the advanced client oscillator. So let's get that nipped in the butt out there. And for that, we'll take a look at this panel here. The advanced client oscillator folks, which is the center panel of the screen out here. Panel number two from the top is measuring the difference between the 19 and 39 period exponential moving average of the advanced client. That's an example. I actually believe on this chart here, if we edit it, I think we can actually add the advanced decline line. So give me a moment. We'll just throw this in here. Advanced decline line. Let's see. There we go. So here what we can see. So this is kind of an interesting thing. Wow. The advanced decline line topped all the way back here back in 2021. Now I hadn't noticed that. I hadn't really taken a look at that. So that's kind of an interesting trend. Right now we're still even if we just simply come forward to the February timeframe, you know, in a bit of a downtrend. What does that say? The issue there is if we take out the highs, I'd say the highs from back here in February, then that would really become an issue. But that's what this is doing. So this is measuring the exponential different average between the 13 and the 19 and the 39 period exponential moving average daily timeframe, since we're looking at a daily chart out there. Right now, Peter, you can see that price at close above. Well, I guess you don't know that it did close above zero, the zero threshold level on Friday. If it closes back above it today, it tells us that the buyers are the ones that are in control of the market. The bottom panel here is the spot follow tunic still well below its 50 to X minutes moving average. We know that's positive for the S&P 500. The summation index here, it switches from green to red. You know, our friend David White used to show this version of the summation index all the time. And really all that that's doing is really taking a look at that advanced client oscillator. Its line is changing color, at least on my screen, when prices above or below the zero threshold level. So that's what's going on, Peter, with regard to the advanced client oscillator as we speak right now at 11-11 in the morning on May 1. It's in a bullish mode condition out there. So that helps answer your question. With regard to the general markets out here, just take a look at where we're at. And here we've got both a daily and the weekly timeframe. So in the upper left-hand corner, let's just start there. The ESMini is trading above the top of its daily profile. That profile level is 4188. A close above 4188 today is going to suggest to run up to 4244. 4244 is the top of the weekly profile. Let's take us over into the NQ. The NQ is already at the top of its weekly profile. That level is $13,348.75 to be exact. If price on a weekly basis is able to overcome that, then it's going to say that the A to B equal CD pattern that's out here is well underway. That A to B equal CD pattern, just so you have a price projection, the one-to-one price projection is up at the $13,996 level. So that's where we would project price would head to if we get a weekly close above $13,348. If we look at the Dow, the Dow Equity Future Contract on Friday closed right at resistance, top of its daily profile, $34,209. Assuming we get a close above that today, that's going to suggest to run up to the top of its weekly profile, $34,596. Now the Russell 2000, this is a little booger. This has run into resistance where a counter-trend move would find resistance. Day is not over. It has pierced above it, and that being $17,8931 to be exact. That is the center of its bullish structure daily profile. Now, technically speaking here, we really haven't had two closes below the bottom of that profile. So here's how I would play this. If we get a close below $17,81, then that $17,89 level becomes where that move where a counter-trend rally would end. I think it's too early to call. Yes, we have price trading up into trendline resistance areas out here, trading into profile resistance levels out there. But if we can't get a close above $17,89, it's going to signal move up to the $18,14 level. So watch the close today inside the Russell 2000. If it does close above $17,8108, then it's back inside its profile after one day, and that's not exactly a bearer signal out there for its new profile. So that's what's going on when I take a look at those markets. We can go take a look at the intraday to see if there's anything that's showing up from an intraday standpoint. So let's do that. Let's move over to the white background chart. So it'll take us just a moment to get over there. In the upper left-hand corner momentarily, you'll see the daily timeframe again for the ES mini up about 16-tenths, 100% out here. Five-hour chart has a TD9 count top. But if at 2 p.m., price closes above at that level, would be $4196, then that pattern is going to get negated. And that's going to then send the signal to you that price should go target that $4244, the top of that weekly profile. On a two-hour chart, you've got a TD9 count top pattern as well. What's the high of that candle session? That high is $4196 as well. So you negate that signal out there. The other, the 60-minute, the 30-minute, a bit stretched out here. You've got a rose mint and mitigator top that's trying to form out here. But we're not seeing any levels of support. In the case of the ES mini, I put it at about $4183 as a real key level of support. It's a shorter-term chart, so they're struggling. And you've got those TD9 count tops on the five-hour and the two-hour. So we know what to look for to the upside. Price may hold this level. It may just sit around and consolidate. It may even pull back to $4163. But watch $4184 first. Steve Rhodes with TFNN. We'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds, as they both influence forex markets tremendously. 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This is a brainstorm sell therapeutics. VCLI is the ticker symbol out there. You can see it's trading above that daily green oscillator and change line. That's currently printing out at 296 prices at $3, even Steven on my screen right now is showing $302. Dano, if you get a close above that, price should go target resistance. That's going to be the Three River Evening Star candle formation that's up at the $3.37 level out there. If you get above $3.37, well, you get back to the next swing point at the top of that weekly profile. If I switch over to the black background chart here momentarily, I've got my automated trend line detection tool on those charts. You'll see that on a weekly basis right now you're also dealing with trend line resistance. So you probably already have that drawn in on your chart. Just pay attention to that. That would be a nice area to be able to clear through. So that was brainstorm sell therapeutics. Next question is from John C Dent as well. He wants to take a look at Amazon says Amazon is weaker than the market. Now in the case of Amazon here, John, this completed on Friday sell the D point pattern. So yes, it's weaker. Just really it's pattern here that it identified. So I've just got there's there. Here's the A to B line and then we just simply draw that in and then take that over to the C line. We got to the one to one level that didn't mean because we got to the one to one that that was the end of the pattern. What meant that it was the end of the pattern that came out of that little bear separation line and now prices back inside its oscillator and change on this below the green oscillator and change line. That suggests that we've got a little bit of a consolidation perhaps going on. So price should go target that one to one ninety two level for Amazon volume today inside of Amazon. So far we've done about twenty five million shares last time we were down. We did sixty five million shares. So you've got pretty decent volume on this move on Amazon. I would expect or anticipate that the next target area is one to one ninety two. Well Steve what happens if price closed below one to one ninety two excellent question. I would then say ninety seven oh eight the top of the weekly profile becomes the next level of potential support. The ideal level of support if Amazon could pull back there would be at that ninety two sixty one level. That is able a bear structured weekly profile that price been above for several months out here and I don't have any signal that that's where price going to pull back to I'm just giving you that would be the ideal area to be buying Amazon be ninety two sixty one. So first thing to watch for out there John is the sell the deep point pattern and the profiles and that's that one oh one ninety two level out there so that helped you out or answered any kind of question that you had if not just to write back to me and we'll do the best to get to the information. That you are looking for. Next question is coming from Roger and Roger wants to take a look at. Fed announcement day. And so where's the question I didn't write it down I think his question was do you identify any potential fed plays for this week do you prefer to trade ahead of the fed announcement thanks Stevie I prefer to trade the patterns that are that are in the market more than more than whether it's fed day or not but let's get to your specific question in your specific question is is there any kind of a signal with regard to. Fed day so what I can share with you is the following so one of the cool things that the folks at season X has added to their seasonal charts has been their event series so what I actually have Roger here up on my screen right now is the event series covering a ten day period of time so the zero line the vertical line that we're taking a look at represents I would say that represents fed day so that is Thursday today's the first that would be the fourth I believe so that's the fourth here's a third here's a second here's where we're at right now today so three days behind what's the market do typically well we can see here's really kind of flattish to lower right it looks like between today and tomorrow we had lower then we had higher then we had lower but look if we take a look now this is over a ten year period of time well actually let me make sure that was for a ten year period yeah that was for a ten year period of time so during the last ten years during the last decade after the fed announcement we've seen prices move lower the day after the fed release announcement for four consecutive sessions that's what it's done on average now let's go beyond ten years out here I'm on the white background charts am I really no I'm not oh okay I'm sorry I got that okay so here let's take a look at that was a Stevie just misreading there let's take a look at 15 years any difference not really any difference here so it looks like you know markets want to move lower how about the last 25 years what do we see the last 25 years really says that two days that for the says we move lower today and then we move higher for the next two days and then lower for five days out there basically so what this is in here let's just take a look at 95 years all that's probably not appropriate out here yeah I'm not gonna I wouldn't rely on a 95 but for certainly for 25 years out here I think that would be reasonable so your specific question kind of like is there any kind of a tell as to what the S&P what the market I'm using the S&P as the market for for our purposes at this stage here and that seems to indicate that you know all that I've shared with you know with regard to the market I said you know the best to trade the patterns that are out there and so for those patterns that's really looking at for example the ES mini I don't think we've done that so perhaps we should do that well we'll we'll we'll that was silver you know what silver is the next one up let's do this here I'm gonna do a little hodgepodge just because the silver charts are up and Mike K which is the next question after this Fed announcement question was to take a look at silver so Roger and Mike if that's okay with you this what Steve is going to do I'm going to switch to silver then when we're done take a look at the silver charts we'll go back and take a look at the ES mini see what kind we already did that we already did that because John posted the charts are so the ES mini you've got those TD9 count tops Roger it's pay attention to that level that I gave you there it's price close above it it tells you so that we're headed higher and headed higher to where well we already covered that level that would be at the 42-44 ish area but if you're asking me seasonally speaking Fed announcement a couple days before and after what does the market do well we've been able to share that with you so I do hope that that helps you out and thanks much for the question so since we are sitting on the silver chart so we're not we will be momentarily those on the white background charts if you give us a moment we'll get over there and so Mike wanted me to just simply take a look at silver I believe and as we do take a look at silver you've got that consolidating pattern with inside the daily profile right now so you know the top of that profile has been a strong resistance area on the five hour time frame chart what do you have out here not much but you've got a pretty big move over the last well since nine o'clock is five hour chart bar we'll close at 2 p.m. you're back inside the profile looks to me like silver here Mike Mike target that 2498 level as a sport level it's been tested several times and has held if we look at the four hour time frame chart it says 2482 could be a support so we're 2482 2498 and then finally I go at 2502 which is a two hour time frame chart now I don't have topping patterns per se out here on those although I could draw in easily an A to B equal CD so you do have a sell the D point pattern out here so watch those support levels now in a 60 minute time frame price is already below support this was a new profile that just formed that support was at 25 35 and we close below it on that last bar so second close below that suggests lower price the 30 minute is back to its breakout level that breakout level can be support so here's a cool thing well that can be support 2523 but just below it or not much further below it at 2506 is another breakout support area for silver but no bottoming signal just simply a cascade fall out here on the 15 minute well the 10 minute negated a TD9 bottom so that tells you and I that price should continue to have lower the 15 minute has a TD9 count potential bottom bar number 8 is going to complete right now at 1130 bar number 9 to 1145 bar number 10 of our following 9 at noon couldn't get a bottom could get a at least a short-term bottom there see roads with TFN will be right back old report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX bonds the South African Rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 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page of TFNN.com Welcome back folks looks like I forgot to put the correct Amazon chart screens up for you so here's the Amazon chart you can see the A to B CD pattern you can see the bearish reversal candle from Friday you can see the new profile that's trading within there's your one to one 92 as one price target let me get down to 97.08 the top of the weekly profile out there so that's Amazon my apology now this is going to be day number two of consecutive moves lower for Amazon I'd expected to find some type of short term bottom tomorrow or so there's typically a two to three day move lower out here that doesn't mean that it's the bottom but I would expect Amazon to get some type of short term relief in the next day or so out there next question was to take a look at the JD that's for Alton so let's get those re-populated on my screen here and let's actually read the question the question goes like this it says hey Steve if you have time please look at that JD it has gotten hit lately I'm looking to play it for a bounce what are your thoughts thank you have a happy week you do as well so as we take a look at JD that is JD.com it's got a rosement indicator signal it doesn't have the bullish reversal candle but what price is doing is trading above the center of its bullish structure profile so Alton what JD should do from here is typically when you close above the center of a bullish structure profile price will make its way up to resistance or the top of that profile that's at $36.95 the weekly chart last week formed a bullish hammer candle the problem is there ain't no pattern well I take that back the pattern was retesting was this retesting yeah well it was close to retesting the low that I was looking at was from the week of October 28th and that low was $3317 we got down last week sorry we got down to a low last week of $33 $53 so we didn't get all the way down there so we have a test of the swing point we don't have rejection of the swing point the volume on a weekly base was $53 million versus $91 million so we do like that this is pulling back with lighter volume but you're below the profile you haven't you're still inside that swing point it's trying to form a bottom but it's a risky it's risky it's risky at best to use the weekly chart as our signal here just at the moment on a monthly time frame basis price was pulling back so it was going to get to that same October month $236 million last month was $206 so slightly lighter out there but still no real test of that swing point so you're looking for an entry here I'd be patient I'd be patient I would definitely be patient I would expect today to be a pullback day inside of JD if we take a look at its dance step moves out there it did have three consecutive days higher out there and recent history all it's gotten to is four consecutive closes so not a surprise to see this pullback it expect this to pull back for two days would be the normal dance step move out here two to three days when it comes to JD so if you're trying to take a long position in JD then why don't you wait for it to get back towards the bullish structured area of that profile between 3402 and 3451 and the five hour five hour the 30 minute chart out here has a nice teeny nine count top price likely targeting 3461 that's its breakout level you're below profile you're below the oscillator and change line so it does look like should you want to try a starter position here we should be able to get that perhaps perhaps by the end of tomorrow but watch that 3420 3451 level Alton and thanks for taking the time to write in and have a wonderful week as well next question coming from Hector and the fuel injectors Hector writes in is this happy marvelous Monday same to you my friend Hector says a QQQ on a weekly please confirm we know I don't like this shallow pullback from for the B to C but it's looking for a weekly A to B equal C so we're going to switch panels here folks to do that we're going to go to the black background charts because Steve he's got his A to B equal CD tool programmed on that application so now let's get to QQQ and let's go ahead and we've got the weekly charts going to be in the center so if we take a look at the Q's out here I guess that we haven't looked at this chart here for a while we can do a little housekeeping get rid of that descending price channel that it was in and so you're looking at a weekly base so if you're looking for the A to B equal CD pattern of the upside you're using for the A point you're using 1010 yep that's correct for the B point you're using April you're you're all the way out here in April you don't you don't want to really do that Hector because you do have retracement that would be logical and that retracement I would say for the B point that's what you would use here let's go we're going to find out what that retracement is would be the high of January 30th I think that's the more logical B point of an A to B equal CD so let's still take a look at that the A point as you've identified the B point will use Stevie's version here and then we'll use that pullback into support structure support level on a weekly base the week of March the 13th that was a 47% retracement so and we go I can go use yours but you already did did that did the problem with using you would have had to have used the high of April 3rd what did you use use the B point of April 10th you're trying to use yeah so maybe it's all well that's because my week begins April 3rd so be five days so April 8th so it's gonna but anyway in any event that's not the that's not the correct B point you do want to have retracement which you were really close you know because you're saying hey I know Stevie you don't like those shallow retracements well we've got a real retracement here now with regard to the cues the volume of that B point was 322 million shares the week of 327 was only 272 then to 202 258 250 280 last week so we're still above the B point but with lighter volume but notice this here Hector and Patty the one-to-one on a weekly basis would get up to 344 61 now take us right in to that the sending a trend line that is available on the weekly time frame so hope that helps you out with regard to the A to B equal CD down pattern out here this is the interesting thing about the cues as well and and really about the A to B equal CD pattern you know the B point of a monthly A to B equal CD was a June of 2022 1.35 billion shares was passed with 1.37 billion shares and that was done in September 2022 so not until price takes out the high of the month of August of 2022 now it would be 334 42 can we really get rid of this A to B equal CD to the downside out here so that is still in play not saying it's going to happen but I just simply pointed out to you in one sense or another we have a confirmed sell the D point on a monthly time frame on the weekly basis we don't have a confirmed by we don't have a confirmed A to B equal CD to the upside from a volume of standpoint but from a price standpoint we most certainly do and right now price is dealing with the top of its weekly profile 321 63 out there so Hector I hope that answers your question and my thoughts were you had a retracement that's what you use and because it really fits with the whole it's fits with the program with the program fits with the it fits with the the it fits with the rules of the A to B equal CD pattern those are Stevie rules though I'm just getting those are the real rules of the A to B equal CD pattern you want to take a look at a couple of instruments one is TK so let's go switch over to the white background screens I think I may have already populated our charge with that so let's get over there go to our next tab and see if in fact Stevie did that that's probably the cues though that was accused so we don't need to go back to this year and there we go so we got TK this is for peak G peak nice to see inside the Tigers den this is TK corporation by the way and you've got bar number 8 that's going to complete today of a TD 9 count typically when you get a confirmed bar number 8 90% of the time it goes on to form a TD 9 count you should get a TD 9 count pattern in TK for its daily timeframe that forms between today and Wednesday also looks like we could have an A we'll see you to downside so let's look at that with peak G we get back to this 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 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 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possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ stock charts here for ticker symbol TK TK is actually TE KY Corporation so it's a TK Corporation right now price trading out at about 541 really 549 was the last trade that fired up it does have peak it does have a confirmed A to B equal CD to the downside now the one-to-one price projection takes us to 531 if we take a look at the monthly chart right-hand panel chart you'll see a TD 9 count top where support well the first support level is a new profile but just form this month 498 so we got 498 and 531 as price targets for you 501 by the way be the 1 to 1.272 A to B equal CD to the downside so you've got that pattern is in play and you've got the potential for a TD 9 count that should complete by Wednesday out there so what do you do would you just take a long position with that TD 9 count knowing that you've got the A to B equal CD pattern as well I wouldn't I would wait for a bullish reversal candle or some kind of real clear convincing bottom or potential bottom on an intraday chart like a 30-minute chart we don't have that as we speak right now as an example of course we're expecting price to move lower for at least the next day out here but you'd be looking for something like this a confirmed Roseman to indicator signal we don't have that as we speak so TK should ahead lower that price targets again initial price targets 498 to 531 and if we take a look at some very weak instrument out here right now why did Stevie say that well if we take a look at the last couple of dance steps we've seen only a one-day rally you at least typically get a 2-bar rally we've seen 2-3 bar declines out here most recently so what I would expect is that it's a decline today a decline tomorrow and a decline on Wednesday that gets you to that TD 9 count bottom and hopefully on Thursday you get a bullish reversal candle to confirm a buy the D point pattern as well as that TD 9 count if not you can easily be looking at price then getting back to that 501 ish level and if 498 doesn't hold then you're looking at a movie even further lower like 392 and so forth and right now on the weekly chart price is testing weekly support and that's at that 552 area and so a close blow that this week is going to tell you lower price so PG I hope that provided you with the information you were looking for you also wanted to look at instrument symbol STNG out there so as we take a look at STNG trading at about 50 62 really 5028 was the last trade that fired off bar number 7 today we are in wave number 7 as well that's letter G that doesn't get confirmed until you get a higher low out here but the weekly basis inside his profile the weekly chart you will get to the daily in just a few but the weekly chart is suggesting move back to the 4643 4841 level out there it's got a confirmed rogment of indicator top you're below you're with inside the box and so that becomes logical range out there on a monthly time frame you have a sell the D point pattern prices back inside his profile 4849 is where it wants to target so we've got 4849 4643 to 4841 as being the logical areas of potential support we take a look at the daily time frame let's expand this out see what we've got here so you've got an A to B equal CD pattern has been confirmed while the volume on the B point is going to be 1.9 million shares when price closed below that it was with 1.5 million the next day 1.940 the next day 760 so it has not taken out the B point with volume that doesn't mean peak that it won't complete the A to B equal CD pattern that's the pattern out there let's just simply move this line over to the C point so Stevie can grab it there we go little grabby and so we've already we're already at the 1 to 1 area so what you'd be looking for here is you'd be looking for a bullish reversal candle to confirm a buy the D point pattern short of that and it looks more likely than not price wants to get to 4640 4611 that is the next TD 9 count breakout area on the daily timeframe for STNG and STNG is Scorpio tankers whoops I didn't mean to do that is Scorpio tankers so peak I hope that helps you out with regard to those two instruments thanks much for taking the time to write in and have a magical marvelous Monday out there next question coming in from John also known as Z inside our Tigers Den once take like a ticker symbol APO APO trading around the range of 63 62 it's really 6358 the last trade it is trading that's interesting it does not happen too often I've got two sets of profiles out here alright so that makes Stevie's work just a tad more difficult why don't have a different profiles on the weekly time frame so first thing John on the weekly time frame price closed above has been above the top of its weekly bear structure profile this will be week number four what we know here John is that the resistance level is going to increase by green oscillator and change line that is currently printed at 6495 a close above that this week is going to suggest that we had higher head higher to where 6650 or 6875 6650 is the monthly oscillator and change line and with price consolidating with inside its profile and above the weekly top of its profile out there that's what leads me to believe 6650 now switch back so you can see the other chart as well the white background both of them using the same data and every now and then they calculate different numbers I use them both so on the white background chart the number would be 6322 before I switch over the number on the black background chart just because you can jot it down I know you'll grab by snapshots of these is 6379 so from a conservative standpoint if price can close above 6379 then your back inside is profiles both of them for sure and that's going to suggest a move up to the 6493 or 6607 so the top of my profiles and center are the same on both sets of charts it is the bottom one well well it's the bottom one that is off just a tad out there so what else do we see APO know what else let's go see what we've got going on I don't have any other request here that I see at the moment or maybe there was but let's go take a look at see if APO I don't want the seasonality sorry see if APO data is out here APO then we can just take a look at its seasonals Stevie type, type Stevie there we go we got APO right here so how many years worth of data do we have we have 12 years worth of data so John seasonally speaking what this typically forms a short-term top in the early May May night next week a short-term bottom a few days later and then it's basically off to the raises so we are in a favorable seasonal cycle which really begins in April and you can see for the most part runs through July and in August September are kind of Debbie Downer type months based on the last 12 years seasonal cycle for APO so we're still going to go with let's switch back to the other set of charts out there we'll switch back to the black brown charts that way you'll grab or you'll see the other set of profiles that we're dealing with here we're looking at the left-hand panel and you'll see that the bottom of its profile verse 63 22 on the white is at 63 79 out there so you got to use them both once every distance one is above resistance which one is correct well I tell you what if you're above resistance on the other one it's going to work out and it's going to move higher well then 63 79 shouldn't be an issue so Z Mr. Z and the Tigers and I hope that that helps you out and thanks so much for the request let's see looks like we might have on the side the Tigers and says Nike so let's go take a look at NKE is the ticker symbol see if we can assist him with regard to support he's asking specifically about support so in the case of Nike let's get this to populate here NKE gonna get that going on my black background charts trading above the top of its daily profile Dan and so that is a bullish signal let me pull this back just a bit so it's going to take a little bit of work here let's see what do we have in the case of Nike so Nike Dan is trading that you know this Nike is trading into the February 2 swing point that swing point had bottom of 5.2 million shares so far today you're up with 1.4 with a little over 2 hours of trading so you're in with lighter volume we'll be right back to finish looking at Nike if you're looking for potential trading setups in the stock market then Rocket equities and options report today is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors you might think that if you want to be successful at trading in the stock market you 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 a 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 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 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the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today to become a part of this educational community of traders just visit the front page of TFNN.com so right now we've got a let's see here everything moving to the upside now a little bit of a mixed bag the NDX down 30 points NASA composite up 22 Dow's up 56 S&P's up 3 we're taking a look at the chart here for Nike Dan I know you want the intraday charts here so I'll get to those in a moment right now what Nike is doing it's testing its swing point it's on a daily basis this is a swing point from February the 2nd that swing has volume 5.2 million shares so far again you're pushing up with 1.5 as we speak with about two and a half hours of trading volume is going to be somewhat oh I see I've got the white background charts thank you thank you hold on a minute here thank you Ali appreciate that now let's get to the white background charts you'll see that so Nike pushing that swing point one close above 127 86 even if it's light volume Dan could suggest to move to the top now it's bullish because so what you really need is you need a close blow 127 86 today because you're short this with less than 5.2 million shares but it's still is it's bullish short of that it's bullish price above Ocelot and Changeline and above the top of its weekly profile on the daily time weekly charger above the green Ocelot and Changeline that's bullish says wants to get to 131 monthly chart above that green Ocelot and Changeline says wants to get the top of its profile 13372 so all those charts are saying they like he wants higher price well what's the 30 minute chart here show a 30 minute chart I see an a to b equal cd pattern that certainly hasn't played out or completed I see price trading with inside a profile let me see where's the top of that profile 127 14 no I see price on an intraday basis as bullish price above the top of its profile 127 14 and above its green Ocelot and Changeline at 127 57 out there that was a 30 minute chart let's go take a look at I don't know what intraday charts you wanted the Ocelot and Changeline will not be correct here Dan that's going to show a 30 minute on a 15 minute base so the patterns are going to be correct on a 15 minute basis you've got a road indicator top and price obviously testing that area of that 30 minute Ocelot and Changeline so if you get a close I'd say below that 127 57 level at least the 15 minute chart suggest to pull back maybe all the way to 126 13 and on a 15 minute base that's perhaps most key important level for you price can close below that perhaps you do have a change in trend but otherwise daily weekly monthly suggest they want higher price folks stay tuned for all the great programming thanks for joining us on marvelous Monday I'll see you back here on terrific Tuesday have a safe one we'll see you soon