 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648. Or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. Welcome to the June 24th, the magical Monday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows it. It should always be pioneers of our future versus prisoners of our past. Everyone out there is having a great day. How about we have an extraordinary day? And the easiest way to do that is to always remember that life, life is happening for us. Not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance. That life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears, what 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 more important than that. During this next hour, I'm here to serve you. So feel free to pick up that phone. Dial on in at 877-927-6648. If you can't dial in, we've got you covered. Let those fingers do the walking. You can send me an email, Steve, at TFNN.com. If you'd be kind enough in that subject, heading to put radio show question, of course, in our Tigers stand, any ping will do. So we'll get the rubies, we'll get the Peters. We want to get to all the questions that you have. But for the moment, let's go ahead, get this magical, marvelous Monday started, of course, this is Tiger. Financial news network, I'm Steve Rhodes. Welcome to LUS Show right now that out 43 points. That's less than two tenths of a percent to the upside. S&P is flat, NASDAQ 100 up 10 points, about a little over one tenth of a percent. SEMIs are up four tenths of a percent. The other indices are in the red out there, led by the transports down 1% trading off 98 points at 102.53. 1.51 as we speak. Gold is up nearly 19 bucks at 14.19. Silver is trading up 10 cents at 15.39. Lead the charge to the upside. It is PCM ink up 42% or 10 bucks. Crystal biotech up 9, IAC interactive up 8. To the downside, it is all the beauty salon down nearly 4% or 13. Bucaroonies beyond meat off 11 Shopify down 11 as well. Of course, I want to look at what you want to look at and let's just so we do have some questions that have come in. Why don't we go to those first? First one coming in from Mike in Sarasota and Mike wants to take a look at Domino's Pizza. He wants Domino's Pizza for short and he's looking at, no, just considering a put spread on it, but let's just go take a look at Domino's Pizza. Try to give to Mike the parameters. The most important of which is has Domino's Pizza made a top and is it trading back into support? So we don't have the topping question answer just yet, at least with regard to pattern, but what we can see is we've got the daily, the weekly and the monthly and quite frankly the quarterly set of profiles on this one screen. That centers your weekly to the left is your daily time frame. Now Mike, the daily profile that just recently formed the bottom of just the bottom of which is just slightly and I mean slightly like by a tick or two below the prior bottom yet the top of the current box is also above the prior one. So for me that is a neutral message. Typically the way that profiles will form in a bullish structure set of profiles is the bottom will be above the prior bottom the top above the prior top. Not always, but I'm just giving you my take right now so I'm more neutral, but that's even more important than the mirror because you've now got Domino's Pizza trading back towards the bottom of its daily profile. That's not the only thing Mike when you look at this chart I'm sure you spotted the hammer candle from two days ago which also was a test of 274.31 maybe not exactly the actual low was 274.56. So the beauty here is like I don't need to guess or estimate whether you're right or wrong to want to be short Domino's Pizza. This one daily chart just simply gives everything to you because what you and I know is the expression the one rhyming expression that we like is if you see a close below the low of a hammer candle if you're long you're wrong and we've got the task market profile the daily profile to an addition to that. So you know Mike you're trading at 275.27 I'd wait for a close below 274.31 before I'd say okay Domino's Pizza is getting ready to head south out here if we pull over the and you've got then 272.91 quite frankly is the bottom of its bullish structured weekly profile. So that's where you'll get the message. Now if we look at the daily time frame chart for Stevie's other tools out here do we see any kind of a topping signal first would be my question because I don't see a bottoming signal I don't really even see it on the topping side out here other than the fact that price ran into resistance at the prior breakdown that TDST green resistance line out here you can see the support line if Mike is right and Domino's Pizza is getting ready to go on sale out here I'm not talking to for 599 I'm talking getting down to 246.50 then at this case here Mike I say a close below the hammer candle and then specifically now really close below 272.91 would be your trigger and right now I just think you're too close to that to be able to make that call you're also asking for I guess that was it you were just giving me an update on parallel networks and LAMP research so there you go as Gus would say from my big fat Greek wedding I hope that that helps you out next question that came in is oh this is a subscriber question but more so with regard to a subscriber response so I won't I'll take care of that this afternoon Kay writes in and Kay wants to take a look at Microsoft so let's go take a look at Microsoft MSF then let's go ahead and try to read your question can you look at Microsoft well we got that done I don't have a position how high do you see it going and then secondarily I think NQ&ES won't make a move without this stock well let's say that you're correct on that and you're asking how high can Microsoft go first thing Kay is today is a brand new profile and the top of that box is 137.73 and prices trading at 138.21 so what does that tell us on the first day of a bullet structure profile and prices trading above resistance level 137.73 I don't know if it will close above it but if it does gigantic in strength when we take a look at Microsoft out there do I see any reasons to be cautious Microsoft well we look at the daily time frame chart it's very similar to I would say the P500 other indices you know today looks like day six of a potential TD set up nine count look the last nine count out here identified short term tops and bottoms what do I mean by that actually I take that back I am wrong with regard to the last high out here on April 25th but you can see that TD nine count on May 13th and then a push up to resistance which was that TD set up resistance line on the trading day of June 7th was a very bullish message for Microsoft as price closed over that resistance level alright so the question is how high can it go hey on the monthly chart just pull over the monthly chart what do we see out here we see price stretching moving higher with less relative energy but you know okay that's only an issue who were to see some type of bearish reversal candle we don't see that in the daily time frame just yet we come back from this break let me see if I get my horizontal trading range screen up and take a look at Microsoft for you to answer the question 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Welcome back folks so let's go back to Microsoft out here during that break I was able to bring up the horizontal trading range chart here from Microsoft so it takes us all the way back to the 1986 time frame out here this is a monthly chart that we're looking at the red horizontal lines represent these horizontal trading ranges out here and so they're very helpful you can see on the the most recent pullback inside Microsoft back in December 2018 price price came right back down to that monthly horizontal trading range boundary line 93 85 out here somebody might be asking well how come price didn't stop at the monthly on the way up in October of 2018 and you know we use these as guidelines but if I add the weekly profiles to this now the monthly profiles didn't do it we get out here maybe it was the dailies can turn those on too but but really to answer K's question out here now the dailies didn't do it either but K so when we do take a look at the monthly it's very possible in the 141 range 140 48 is what shows up on my screen but that could be a resistance level we're above all profiles there's really if I were to draw a monthly pattern on here look at the monthly chart it would blow your mind with regard to that price projection because as you take a look at this folks the a point from a monthly standpoint it have to say is back in 2015 August 2015 that was at a price level of 39 bucks so your a point your your a to b would be from 39 to 116 we're not going to do that we're not going to use that for say 141 or 156 is where Microsoft appears to be a headed so hope that that helps you out best of luck with that trade that you are considering now Ruby and the Tigers then wants to take a look at natural gas she wanted to look at the September contract out here and so Ruby Tuesday Ruby we see how much information is here for September it's not too bad here so here's what you've got inside I know you can't it's hard to see on this chart I'll pull over the continuous contract on the other charts out here because I don't have September up here but this candle today is a bullish reversal signal so that at least that present that's a bull sash is that important Ruby is the question that we should be asking ourselves because candles on them own candles on their own are nothing more than candles on their own and in other words they don't mean diddly they do have some meaning to them but you and I they don't really have meaning unless they are part of a pattern out there otherwise they're just kind of interesting to discuss in other words you wouldn't just go along a hammer candle because it existed if you did what you would get you would get your you know what hammered out there and you don't want to do that and trust me I've run the backtesting on that specifically which is how we determine that hammer candles really need to be accompanied with a pattern out there so back to Ruby's question out here as she's looking for a bottom as natural gas again this is a continuous contract but nonetheless I'm sure this is what we would see you've got price pushing lower doing less relative energy out there and today you've got a bullish reversal signal so this suggests to me that this wants to head to higher price now where is higher price inside natural gas well could take you all the way back into the April 11th high so look at the April 11th area inside that contract will do that for you as well let's find April 11th where is April 11th right here right here so that would say what would it say about 282 to 277 would be that price projection of resistance there is a new profile that formed out here today on this September contract the problem is I don't think I have this let me see if I do have this in my synthetic version because that would be even more helpful at least more reliable yeah I don't have that which is a bummer but hey it is what it is and so at this stage Ruby I think you you are trading this alongside and I concur it is as simple as that you have that bullish reversal signal today that is what you wanted to see and best of luck with that trade Peter from Park City he is a currency hunter he wants to take a look at the US dollar Swiss franc out here so if we take a look at it I am not sure which side you want to take on this so this is the Swiss franc US dollar you might have wanted do I have it out here I could always change it around but you are looking for the well we will just leave this we will leave it this way this will work for Peter as well so let's come over you are looking for profile information so let's change that up now this is going to give you the short term 30 minute chart that we have got up here you have got the 120 minutes you have got the 5 hours and then you have got the daily out here with regard to profiles just below all profiles daily, weekly and so forth so all that we can say about the Swiss franc is that it has made 100% move of a move let's take a look at that out here Peter and you know that the fire drill for 100% move of a move is prepare because things may be getting to reverse so Peter if you are saying that this is a good indicator for gold then what is the message that this shares with you right now with regard to the Swiss franc trading all the way back to the January 10th 2019 level out there now you are the one that has been following this so I don't know how to answer that question I would say though if the Swiss franc breaks through that level then this next level out here takes you back into the September 2018 area but right now you have made or it's made the Swiss franc 100% move of a move getting back and so if gold is going to continue to run this needs to crack that level so your point is that if you just take a look at this that you are expecting a pullback in gold if the Swiss franc here rallies well you have got your signal I would say the only signal that I can provide to you that you have made that 100% move of a move so I hope that helps you out now what about Goldilocks what is gold doing out here so gold I would have to say is doing the following and I am just trying to find it the question is where did I put it in my charts out here so I shared this with subscribers this morning just to try to give them a feel for where gold is likely headed to and wouldn't you know it wouldn't you know it I I can't I don't see it jeez Louise where is it it's got to be out here I don't want to waste your time my apologies gold monthly long turn that wasn't the chart I was looking for I'll have to pull it up during the next breakout here nonetheless nonetheless nonetheless if you take a look at gold here on the daily time frame would we know about it looks like it wants to make it run to its next level out here which is 1430 I don't see any type of topping signal now what is interesting here about gold Peter and you taking a look at it with regard to the way the Swiss franc and the US dollar is trading is today's going to be day number seven of a TD set up nine count that means tomorrow could be the top right the top could form on days eight nine or the day after so it's tomorrow through Thursday ideally Peter what you'd see here is two things hook up at the same time you'd see a slight pullback not a higher high let's say tomorrow and then it goes on to make that higher high the next day of the day after to give you a wave number seven letter G on my screen maybe that combined with the TD set up nine count in your Swiss franc tells you the whole picture and nothing but the picture we'll be right back the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at 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weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com Welcome back folks so this was a chart for gold that I was looking at out here and so Peter you know watch the 1426 ish area out here that is its next weekly horizontal trading range that's probably one of the key levels that gold would need to cross you can see that back here this is a weekly chart we're looking at back in August of 2013 that is where price had petered out so to speak it was just kind of a play on words there peter and so I would watch that 1427 ish area out here that's the horizontal trading range and to use that along with what we looked at on the daily time frame so hope that that helps you out we got a question out here this is from HD HDTV writes in I have ring HD I have had ringing in my ears for a long time yeah the old tonight so you've got it too but now you're talking about ring ring the ticker symbol out here so let's go take a look at ring and what do we see here I've got ring as you bought it last week was hoping you wouldn't mind looking at it again well we're going to do that no problem it's up some since then and I've stopped at 2020 for the day so and you're looking at Nokia a little over five bucks let's do this HD I'm going to come back to ring only because we've got a caller on the line you know we've got call ahead seating out here and then we'll go ahead and make sure we take a look at ring so let's go out to Brent in Martinez California Brent thanks for calling how are you today doing fantastic Steve how about yourself I hope you had a good weekend I did although it's getting it's warmer down here in south Florida than I recall it in a long long time so but that's not your worry but you're in US silicon holdings which I know I think written in about last week and it was looking very good how can I help you we have a little more information now with last week's trading and so now I have that weekly candle looked at and then I just I thought you said something about because 1303 might have been a level to keep an eye on 1309 this is this is the level that you want to see US silicon holdings close above to really give you a confirmation of a change in trend and what I mean by that folks first let's take look at the bottom so when Brent had called in or he had written in we were paying attention to price moving lower doing less relative energy which was generating the roads momentum indicator bottom it was doing that on June 14 the signal that was important for Brent to catch was on June 15 that was the hammer candle that wasn't enough for a bullish reversal well then you had the bullish engulfing candle on the following day then what I had suggested to Brent is watch that so gave you the definite bottoming signal now whenever anything my take when everything tops or bottoms what we don't know is just how significant or serious that is but we can take a look at levels of support or resistance see if they fail that's going to help to paint the picture out here so what I immediately did was I went back to the and this had formed its last Tom DeMarc set up nine count out here that in essence is giving you and I the breakdown area that took place on May 21st and that was your 1309 level so price does close above 1309 that is a bullish change in trend signal on top of the bottoming pattern that was produced out here now the worst thing that you could see over the course of the next several days Brent would be for a TD set up nine count now when the next several days you're talking five six seven eight you're not talking till Thursday Thursday Friday or Monday that you get that nine count confirmation below 1309 typically when you get that if you were I'm not I don't know if we are we aren't I'm just saying watch it if you were to get it before that resistance line it's telling you that this was just a countertrend rally at least that's the message on the daily timeframe a heck of a wide ranging bar on the weekly timeframe here but right now I'm watching the daily signals on this to generate the key message for you so I know that maybe was long winded but that's what I'm looking at now the interesting thing here is you also got an island bottom and I don't know if you picked up on that but there's here's a beautiful let me draw this in for the folks at home and typically there's there's not really a better bullish indicator than an actual island bottom and in this case here folks that was formed when SLCA had gapped to the downside on May 23rd the high out there on that May 23rd date was 1167 versus the low of the prior session at 1192 and then just a few days ago on June the 20th out here so on Thursday price gaps up and it gaps up above what set up really the high of June 19th but more importantly it gapped up above that high of May 23rd and that price point again was 1167 so you know you got to stay with this trade I think you do you're I think you're in a good spot and you've just you've gotten beautiful signals now you want to see the last thing fail which is that TD set up resistance line that's fantastic Steve I really appreciate it that kind of just gives me some other levels to be watching and that's what I was looking for so much appreciated your help is always much appreciated so just take care hey my pleasure always good talking with you and then everyone else that was Brent and Martinez California and now we're going to go back to ring out here and ring and Nokia I believe so let's go take a look at ring let's come take a look at the three timeframes for it where is that why I'm on it so let me just change that here so we've got our ING and I understand the question again she asked about it last week it's up some since then and you've got to stop at 2020 for the day at 2020 okay so let's take a look at ring it's up nicely volume behind the 236,000 shares for it it's pretty nice here's what you're going to want to watch really tomorrow I would say this does does ring make a higher high tomorrow if ring makes a higher high tomorrow then you don't have to worry about the TD set up nine count to the upside out here that says the breakout area that began on June the 12th that price point out there folks is 1774 that was the low so that support out here of course we can see Stevie's red line is 1914 that's a higher level of support that price would have to break through but when we take a look at ring you can see that Friday was day number nine to that setup nine count so you're watching the format top using this pattern if it's going to form a top using this pattern then today's high would be it so if tomorrow trades lower out there just continue to keep your stops in place or what you want to do because it's signaling a potential of a bottom let me see where the lowest low is out here to do a bit of a wave count to the upside see where we're at there you're in wave number seven or six out here as we speak right now so that's what I see when I take a look at ring on the daily time frame if we look at just profiles themselves you're above daily weekly and the center of the quarterly profile which is a 20 oh six so this is good what else do I have for you what do we have with ring on a monthly time frame not much and not that it's bad I just own so you know a clear bottoming signal there so HD that's my take ring looks good but it's time to be cautious with regard to A to B equal CD patterns out here let's look at the weekly time frame the swing point which was the high from February 18th that was at 1863 was 1.8 million shares when that was passed was 1.19 so it's been passed with lighter volume doesn't mean the A to B equal CD pattern can't play out so I think your critical day or days are really the next few days out here for ring so HD help that help by the way it's 1 to 1 A to B CDT upside on the weekly is 21 17 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 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% of $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up-to-date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus news subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com Educating Investors 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 sophisticated investors such as traders or prospective 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 and hit watch Tiger TV that's TFNN.com and hit watch Tiger TV for the latest market information welcome back so HD I know you were asking about Nokia and we did take a look at this I think last week so look on the daily timeframe I don't have any news here I believe if we did take a look at Nokia if we didn't hear it's the weekly timeframe that generated the bottoming signal just like the TD set up well the TD set up nine count is what was identified on a weekly basis both the bottom and the top out here so you can see that if you watch us on Tiger TV what hasn't occurred on a weekly base I know you're looking at something taken along a little over five bucks I would say you really need to see price close over 521 and on a weekly basis out here to suggest that okay there's more to it in the bottom is relatively solid that's Stevie's red line on the weekly timeframe I default to the weekly timeframe because it has clear signals and you always like to look for clear signals whatever the time frame is I look at this daily time frame I I got no clear signals does anybody have any clear signals I don't have any clear signals out here so that's why I don't want to rely upon it HD to generate anything now what I did also do is I put up a Nokia this is the monthly timeframe chart this takes us back to when this began trading back in 1994 and on this chart you've got the horizontal trading ranges monthly this is monthly timeframe that we're looking at 47 times we've seen price close on a monthly basis at 599 47 times largest number of opens or closes on a monthly basis going all the way back all those years so that's going to be a critical resistance level but that's how I would play this that this being Nokia so the best signal came on the weekly timeframe with regard to its bottom but you need to see price close over 522 to then suggest a run to the $6 area would be likely so I hope that that helps you out and thanks for your patients and letting me go to Brent to ask his question out there let's go to Alex question Alex says hey Steve Q's hit 191 32 two times April 29th and May 1st using the NQ can this price be hit again short term so let's take a look at the NQ if I hear you correctly so if we look at the NQ what do we know about the NQ if we look at the daily timeframe out here we just notice nothing more than a sideways movement I don't see any inside the NQ on a daily timeframe I do not see a topping pattern or signal there could be a topping pattern form which would be that TD set up nine count today's going to be day number six so remember that could happen on day number eight nine or the day after so that's Wednesday Thursday or Friday so if you're asking can the Q's get up and test this one let me just go over make sure I see what it is that Alex is referring to so let me come back here let's put up the Q's and you're talking about April 29th and May 1st so yeah I I don't see the only way that I can answer that clearly is to say you know do I see some type of topping signal and well let me look at the weekly chart let me do this so here's the issue that the weekly chart has slight issue you know it's just dealing with the breakdown here that's that green horizontal line going across my chart let me look at the let me look at the TAS market not no let me look at the horizontal trading ranges so if we look at the NQ here yeah so you know Alex if we look at the horizontal trading ranges out here they suggest at this stage so we know there's no topping pattern that is in play right now maybe Wednesday maybe Thursday maybe Friday if we take a look and so they're without so this would suggest that price will continue higher and if so price ought to a tag it's a weekly horizontal trading range at 7864 if it does that it's going to be back up towards those highs that you're referring to so that's what I see if I look at a short term chart out here just curious what if anything is on the short term not much not really much of a signal that I see out here so we'll go with a daily time frame for the NQ which in essence is what Alex wants to stage answering his question about well the cues get all the way back up to their prior highs out there so at this stage here looks pretty good what could call that off well a lot of things good one of the things that could call that off I've been gone all morning so I'm really just jumping into the seat right now so I haven't even looked at this chart here but we should so we can see here so here is the one issue so the markets themselves the indices have not formed a topping pattern per se but when we take a look at this chart here this chart by the way is the New York Stock Exchange and that's at the top we're looking at all closing prices therefore the line chart out here but the most important thing to take a look at here Alex is a couple days ago and I believe we discussed this during the show you got the advanced decline oscillator for the New York Stock Exchange up to that plus one fifty level I believe it was plus one fifty two to be exact out here but I'm not going to cry over two two points out there and well we are one fifty two seventy five and and the turn down is what I like to refer to as a plus one fifty failure you see closing above not not two points if we would have followed through on the next day then that two points would have meant something it didn't mean anything actually did have a meaning you got to turn down from there so what we're now watching for here Alex is well advanced decline oscillator close below the zero line you're positive forty three seventy three so no harm done but something to be paying attention to now if you get that combined with combined with a spot fix index that closes above the fifty day exponential moving average right now the fifty days at fifteen seventy one spot is trade at fifteen thirty five if you get that combo out here well hey here's the ideal trade set up you get this combo it all lines up with your NQ form that TD set up nine count that would be the actual topping signal if we get this to generate a topping signal earlier then this is the one that's painting the message that this being the new york stock exchange combined this is key folks combined don't don't don't listen to one sentence and not the other sentence you must have both you must have the new york stock exchange advance the client oscillator trading below closing below it's zero line combined with the spot ball of tunics closing below it's fifty day exponential moving average let's go out to philadelphia and speak with john john thanks for calling thanks for holding how are you how was your weekend do we have john we have john i don't hear him my ears guys i don't hear him looks like he dropped okay or got cut off what john wanted to look at was coffee future want to look at the september coffee futures out here and so let's go do that and john if you're on the line you want to call back in would love to hear from you but right now with regard to the daily time frame i didn't mean to close that if we're taking a look at the daily time frame here for coffee futures let me also see if i can see you nineteen and my other charts if i have that loaded i do locked and loaded so right now prices trading right down to one potential support level that being the bottom of its daily profile out there by the way that price point john is one hundred point four four you're trading at one hundred point six five five if you want to break out here if this support level holds then you'd be looking for price to make a run for one oh four eighty nine i'll look at it further during the break see if i can come up with anything for our two minute wrap steve roge with tfnn right now we have the dow up twenty one points s&p off two we'll be right back since nineteen eighty four basal Chapman has been using the Chapman wave methodology to advise traders of his expert generally hand drawing charts from the late nineteen seventies into the nineteen eighties basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basal found that computer software which included the standard market technical indicators enhance the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfnn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com it's amazing to think that Tom O'Brien started his weekly gold report seventeen years ago with the first issue published April 7th two thousand and two when gold was trading at under three hundred dollars per ounce gold peaked at more than nineteen hundred dollars in two thousand and eleven and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds South African rand as well as twenty five different mining equities specific by cell recommendations as of April first of this year the gold report currently has eight active positions with an average unrealized profit of almost eight percent for each open trade new subscribers get a thirty day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfnn.com don't let gold's next big run pass you by sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nika our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer 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i was talking about coffee i had the wrong i had the wrong year inside my contract and so so things have changed just lightly out there but how can i help you steve since late april i have been successfully trading exclusively the long side on coffee i'm long as we speak the coffee just the market just closed can you show me your work that will give us numbers that the price has to get through to continue the rally phase i'm just be helpful it would be helpful to me to get those to identify spots to book gains on longs against so i appreciate that yeah so a couple of things one i wanted to point this chart out i had posted in a den earlier but one other folks to take a look at this is a long term monthly chart for coffee and if we take a look at the bottom it formed out here this is in may you can see that starting from the high out here this little shooting star back in the middle of one is that looks like 2015 that the that this formed wave number seven or letter number g and with the close of this month coming at the end of this week looks like that's going to be a confirmed potential very significant bottom signal as far as prices that may need to be cleared there would just be a few of them john one is going to be 10489 that's the top of the next weekly profile so your 10370 and then you've got 10860 that's the top of the daily profile is also the swing high out there so you'll know if you clear that then you may have an a to b equal c to the upside one last number that i would take a look at is the resistance level established by its most recent td setup nine count that's the February 8th it looks like it's February 8th that price point out there is 10770 so 10770 those would be the the three numbers that i'd be watching if i were you but it looks like coffee was made a major bottom hope that helps you out thanks so much you bet you bet have a great day folks stay tuned our favorite polar bear david whites up next tom will brine from three to five i'll be back with you on terrific tuesday but have a magical monday take care of things