 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good afternoon folks. Welcome to the April 14th, the terrific Thursday edition of today's Trader's Edge show. I'm your host, Stevie 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. Let's make sure we have an extraordinary. One of 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, means we can find the gift that every set of circumstance that life is going to toss at us. Now today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and mostly sellers are communicating to you and I at just past one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here. I've been more important than that. That's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone and dial out into 877-927-6648. If you can't dial in, we've got you covered there too. You can always send me an email. Send it to Steve at tfnn.com inside the subject heading if you would be kind enough to put radio show question. That'd be great. And of course, inside our Tiger's Den, well, any ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to Lush Show right now. We've got a little bit of a mixed bag out here. That mix is coming from the Dow, which is up seven points. So it's flat. All the other agencies trading in the downside. The S&P is off seven tenths or 35 points. NASDAQ 100, one in six tenths percent, 233 points. Russell's down seven tenths, eight tenths, 15 points. Semi-zer off one in eight tenths, 57 points. Trend is down four tenths, 58 points. You've got gold trading up at $1975. That's off $9. Silver is trading out at $25.66. That's off $0.37. Slight speed crude at $105.45. That's up a buck 20. Natural gas up $0.29. Another strong day there. $7.28. That is continuing. That is motoring on higher. The 30-year stress is off two points right now. Two points and three ticks. She's trading out at $1403. So what do we want to begin? Let's begin here. We're going to switch back and forth to a couple of charts. Let's begin by this daily view first. Of the equity-future contracts out here. And that should show up. So what do we know about the ESMini? We know that you've got a, and it's going to complete a TD9 count pattern today. Today will be the bar following bar number nine. So far the low is bar number eight. So we've got a valid signal. Price is struggled, as I said, during the update to get inside its daily profile. So that's your real resistance level, 44.52. Inside the NQ, it will also complete a TD9 count pattern today. So far the low is bar number eight. It is just, well, actually there's a new profile that is formed. And price is trading right now below the bottom of the profile. And that's not a good scene. So the level you're going to want to watch today is 14-0-12. 14-0-12. 14-0-1-2. If price is able to close back above it. Okay. A crisis averted. Closes below it. Well, then it's going to go at least take on that bar number eight. Maybe signaling actually that pattern would fail and then move back to 13-4-17. The Dow, which is the strong one of this group here, is showing some weakness in that oscillator and change line is acting as resistance. Now the Dow also has a new profile. It doesn't show on the white background charts. We'll show those in a few moments. With the top of the profile being 34-7-11. The bottom being 34-103. The reason it doesn't show here is this is a new profile that is attempting to form. So I won't have a confirmation on that well until Sunday evening. What we don't like is what the Russell, the Russell 2000. Now the Russell 2000 has a new profile. 1980-73 basically is support. But what the Russell 2000 has done over the course of the last three sessions here is it has gotten up, tested and rejected that red oscillator and change line. Now that says lower price, but because we have the new profile, that lower price target would become at 1980 level out there. So that's what these charts are telling us. We're going to switch screens. It'll be easier for you to see the profiles that have formed and the profiles that are attempting to form. And here's going to be our daily time frame look. So you can see the ES mini. That's in the upper left. It's in the left-hand panel. You can see the bottom of that profile, 44-52. So support is the center of its weekly profile. And that's priced at the 43-83 level. The NQ, that actually did confirm a new profile last night. And again, the bottom of that profile, which is a key level of support, is 14-012.92 out there. Closed below that says we've got lower price coming out of that lower price. It may just be a test of that TD9 count bottom. The Dow, it's attempting to form a new profile. The support level will be 34-103. At 34-711 would be the resistance area. The Russell 2000 confirmed a new profile. Yesterday we talked about our support should be 1980-73. We can see how resistance held. And that's at the 2037-25 area. If we break this Dow just a tad further, and we go take a look at our multi-time frame charts out here, we can see how the ES mini upper right, you can see how the center of that profile has acted as support. Now, price was above that profile for three consecutive weeks. When you close above the top of a bare structure profile, any move back inside it says it would only be a counter-trend move if price could hold the center. That 43-83 is a very key level inside of the ES mini. If that fails, that says we had to lower ground. If we take a look at the NQ out here, the NQ we already talked about our price of trading right now below the bottom of that daily profile. It's also trading into support. That's the support of its weekly bull or structured profile. That support range being 13405 to 13868. So it's really going to be all about the low, quite frankly, from April to 12th. That's so far the TD-9 count bottom of price closes below that 13881. Then that says we had to lower ground and I would say 13405 would become the target. If we take a look at the Dow equity future contract for its multi-time frames out here, not much else for us to report to you other than right now you've got price consolidating with inside each of the profiles, whether it's daily, weekly, monthly, or quarterly out there. And then finally, we take a look at the Russell 2000. You can see the new profile in the left-hand up or left-hand panel. You can see that price also has support at about 1928. So you've got 1980 and the daily 1928 on the weekly charts out there. So those are your equity future contracts. Peter and Park City wanted to also take a look at the New York Stock Exchange Advanced Decline Oscillator which still remains below zero, Peter. And as long as it remains below zero, that says that sellers are the ones in control and we certainly could see a move lower out there. Peter also wanted to take a look at the 30-year Treasury just to get a feel for things. So for the 30-year Treasury, we're going to go take a look at this nine-panel chart out here. And as we open up this nine-panel chart, what you're going to notice is there's a couple of different A to B equal CD patterns. Lower left side shows you the big one that is in play out here. That big A to B equal CD gives you a one-to-one price projection of $131.22. Now, there's also A to B equal CD patterns on the daily timeframe. There's two out there. So a bullish reversal candle could signal a short-term bottom. But we don't have that just yet in price trading below the bottom of that daily profile. That suggests lower price. So that lower price area, the first target to the downside where there may be $138.22. We're not that far away from it. I thought we were far away from it when we began the week, but we are not far away from it now. We're trading at $140.31. So we basically have about two more points to the downside where price should find support. And if price closed below that $138.22 level, of course, that's a quarterly timeframe, and we just began the quarter. But nonetheless, if price gets below that during the quarter out here, that's going to be suggesting to move back to that $131.22 level. So, Peter, there is a detailed look at the equity futures of New York Stock Exchange as well as the 30-year Treasury. I know you wanted to take a look at Goldilocks as well. Goldilocks is wanting higher price. And at the higher price level out here, where are we headed to? We're likely headed to the top of its weekly profile. That's at the 1991 level. Steve Rhodes with Tf&N. We'll be right back. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019. Finishing it number two for the year. An amazing accomplishment. 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Powered by its acclaimed TAS proprietary algorithms, this feature rich scanner instantly filters over 2,500-plus global financial markets such as stocks, ETFs, commodities, futures and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time you can save $100 off your first month by using the promo code Upgrade and you still get a 30-day money-back guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner which you can find under the Services tab at tfn.com Sign up today. Your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either. TFNN airs live financial content streamed live on tfn.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfn.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN is the world's most most well-educated investors. 3 at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks we had a couple of requests that came in yesterday afternoon I apologize I don't recall who I just remember getting the charts here set up so we could take a look at it. It's two symbols the first one is EPV above the top of its daily profile that suggests to move higher that move higher would likely take us to 1339 but before we see that it's really the monthly time frame chart that is giving you the large picture let's see if I can get this somehow to expand up there we go so now you can see it's expanded up we can see that price has been simply just been consolidated on a monthly basis for a long period of time going back to October of 2021 with inside that profile that's between 1147 and 1303 at the top so you really need to see it close above 1303 in order for this to then make its move to 1339 and above 1339 you could be looking at 1605 if you look at the white background charts here for EPV let's see what kind of signals we have we have really nothing you could generate a TD9 count top you would do that on a Monday out here but right now that's not the pattern if anything what I see is an A to B equals CD to the upside but remember we just took a look at that resistance level on that monthly time frame that's a key area that price has to overcome you do have a TD9 count top on a weekly basis for this and price maybe wanted to pull back to 1108 that's its message to us and monthly nothing else out there so that's what's going on we take a look at EPV the second request was I believe might have been Brazil or something EWZS let's go find out what EWZS is and whether this is a short or long this is the Brazil small cap ETF out here it is trading with inside its daily profile right now testing one support level so your support on a daily time frame is between 1601 and 1623 it's trading right now at 1624 above the top of the weekly profile that is bullish signal consolidated with inside the monthly profile let's go see what the white background chart suggests is going on with EWZS let's begin by taking a look at the daily time frame charts out here what do we have well today is going to become bar number seven as prices motoring down into its bullish structured daily profile so if you're looking to enter this it's between the range of 1601 and 1623 but I would wait for a TD9 count bottom to complete this is bar number seven that says sometime next week you might have that let's say by Wednesday out there so maybe want to check back in but if price holds a 1601 level you get to a TD9 count bottom that would be your signal from a daily standpoint from a weekly standpoint right now I've got a sell the D point pattern the sell the D point pattern suggests that EWZS should pull back to the 1525 but let's say 1503, 1525, 1542 would become its price targets the monthly chart out here what do we have not much so the monthly is not assisted so it's really the daily and the weekly out here and we have both of those say lower price the question is will 1601 hold the support or will price get down to 1525 to 1542 level so thanks so much for writing in and it would be more helpful to me if you folks are sending requests just to do it the day of the show the morning of the show out there because it's going to be easy for me to overlook those things and look if you're taking the time to write in I want to go ahead and do that and review that for you just when they're coming in in the afternoon after the show is over night before I just get too many emails it's going to be easy to miss those so I don't want to do that so if you could send those in on the day of the show that would be most helpful to me a real quick check here I don't think we have anything else any other requests I don't believe there's anything inside the Tiger's Den that we have and speaking of the Tiger's Den folks you can I believe you can still join that for one dollar for a full year full year membership in the Tiger's Den extraordinary group of individuals in there so I really do recommend that you go out there and that says we've got the freedom to do whatever we want to do so what do we want to do I'll tell you what we want to do we want to try to understand these markets what they're communicating to us now granted it is it should be a light volume day right it should be a light volume day isn't a light volume day well let's go take a look at a couple of instruments so the first thing we're going to do here is we're going to change screens and we're going to go take a look at the NDX100 the reason is because as I mentioned at the top of the show that price was trading below the bottom of its daily profile which is not a good scene out there now there's one other thing that we want to do and I believe we're on the right screen to be able to do that and that is to take a look at where its speed dials are at so that here's that's the S&P we want to take a look at the NDX100 so the NDX100 the 60 the 240 the daily boy it's really close on the weekly are in bearish formation that we are in bearish formation on all four time frames the monthly chart shows that there are 25 instruments trading below the bottom of the monthly chart bottom of the bottom of the monthly profile and weekly that is I'm sorry weekly I said monthly I meant weekly and 24 instruments trading above the top of the weekly profile so you've got bearish crossovers for all four time frames that does not bode well for the NDX100 so now let's go take a look what's really going on underneath the covers here are the eight instruments that represent over 50% I believe of the holdings with inside the NDX100 Apple being number one now we're looking at this chart here so Apple still has a TD9 bottom the only thing the gates at is a close below low of April 11 which is 16550 now I'm going to we're going to try to switch back and forth charts out here APL Mr. Bill I'm going to ask you to keep me straight that means if I don't change a screen to hit me upside the head with that two by four and say Stevie life is happening for you and I'll know exactly what you mean now what the reason I want to change to the black background screen is much easier for me to get an accurate volume metrics here that swing point that TD9 count bottom which was April the 11th had 72 million shares it's 124 we've been trading for four hours 38 million shares it's 40 million it's really close so on a day that should be light volume what do you mean by that well tomorrow's a holiday basically trading should evaporate from as soon as Stevie shows over right yeah you know good guys gals in New York they got to stay to listen to this show and they really should stay to listen to all shows they probably aren't listening to any shows and they're out of there they're out of there I think somebody posted something a dead set is 80 degrees in New York City what do you think the odds are that most folks are still at work in New York City knowing that they're off tomorrow in the markets and so forth yeah so we got pretty good volume I would say at this stage of the game for what should be a light volume day now what that tells us simply is it look if price even closes inside of Apple below 16903 it should still potentially target that low of 165 50 that TD9 count doesn't negated get negated by a test of it it has to be a close below the threshold level which is a low of the pattern in this case here that's a low from April 11 okay enough with Apple let's go to the the next one which is Microsoft the Microsoft has a TD9 count on that same day so MSFT and we're going to go see what kind of volume a Microsoft is doing into this swing point so here it's a swing point from two days ago April the 12th the volume there was about 31 a million shares you're 13 so the good news here Microsoft is even though it's trading inside that swing point it's not barreling down with volume still may test that low but looks like maybe that TD9 count wants to hold the next instrument is Amazon Amazon formed its TD9 count pattern yesterday was the bar following bar number 9 and and that had volume yesterday of 2.7 million shares you're 1.5 so Amazon is pulling back with pretty decent volume but there is no profilers formed here and that says that price should find support at 3029 that should say that its TD9 count should remain in place out here the next one is Facebook it doesn't have a bottom signal so no reason for us to look at that nor does Tesla but NVIDIA has a TD9 count and we want to go take a look at what's volume doing here now NVIDIA's TD9 count took place in the bar following bar number 9 which was April the 12th volume there 66 million you're already at 35 millions here so it looks like lighter volume for kids we'll be right back folks you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com the Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround 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check out Tiger TV for free on tfnn.com or tfnn's youtube channel for live financial content from 8.30am to 4pm eastern on market days stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys, ABCs, butterflies and much more the art of timing the trade charts powering the markets for stocks just beginning to form the trading patterns that many investors spend days, 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 gonna 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com welcome back folks so we're back to the 8 instruments here the top 8 instruments to make up the and the x100 and the substantial weighting and so apple even though it's pulling back it still has a td9 count bottom in place out there microsoft is pulling back on what might be kind of heavy volume microsoft light volume td9 count is still in place out there on amazon i've got a new profile that should help out with a support level to keep intact its td9 count bottom facebook does not have a bottoming signal tesla does not have a bottoming signal although price is pulling back into its both structured support level nvidia pulling back with a pretty decent volume it still has that td9 count bottom out there google today is going to form bar number 8 that says that google on monday could complete a or could form a td9 count bottom and so broadcom is also going to form while it's going to complete a td9 count bottom today with it being the bar following bar number by bar number 9 so we've got you know you really have a battle going on inside the ndx100 right we took a look at the tas market profile market breadth and everything was in negative position here we see the bottoms out here so you kind of expect to see this if the market is going to make a turn we don't know if it is or it isn't it has all the bottoming signals at least these eight charts we don't have to stop with these eight charts here we can go take a look at the next eight charts so let's go do that see what kind of signal information those are providing to us and there we begin by taking a look at cost cst cost go out here and no signals there worth watching in the case of cisco it is going to form bar number 8 of a td9 count pattern that's and it's got a roads meant to mitigate a signal just needs a bullish reversal candle pattern but it's getting ready to form a bottom um bar number 8 in adobe out here today so that says you could see a bottom form between today and tuesday of next week what else do we have intel now intel this doesn't look good both intel and amd do not look good so we're going to go take a look at the smh is next because in the case of intel it's negating this td9 count bottom granted is pulling back to the next level of support which is a breakout level of support but really you want to see intel close above the 4641 in order to maintain its td9 count pattern the same thing with regard to amd now amd needs a close above 94 60 you're 9490 right now to maintain its td9 count but it's also triggered a roads meant to mitigate a signal it needs a bullish reversal signal out here but amd's got a bottom you've got qualcom td9 count bottom out here adobe's going to go ahead and generate a td9 count bottom maybe sysco is as well out there so got a lot of bottoming signals out here that says next week going to be very interesting and should tell us a lot well let's go switch over and take a look at the smh's out here so give me a moment to change screens then we'll go ahead and put those stocks up on the screen as well for you and let's go get a feel for what they're communicating to us because if the smh's have not bottomed amd's favor nor has the market itself so here we take a look at the holdings the top 8 holdings for the semiconductor index we begin by take a look at nvidia well look we've already covered nvidia we don't need to go through that but taiwan's semiconductor you can see the td9 count bottom and i won't switch screens here i'm just going to go look at it on my other screen and see what kind of volume so the swing point that formed its td9 count bottom that volume was 12.4 million shares you're pulling back today with already 11.4 now it hasn't gotten to that swing point and you can see there is profile support at 9781 still has that bottom in place out there azimil holdings this still has a td9 count bottom question is what's the volume look like so again i'm going to check this out on my other screen and azimil is pulling back into the swing point that formed its td9 count bottom had a million shares only 420 okay so it's pulling back it's still not support right now which is the bottom of its daily profile which is at the 600.95 where it's 60138 amd we've already covered that intel we've covered that txn you've got a td9 count bottom here abgo you're going to get the td9 count bottom pattern today out here and then qualcom what is qualcom doing qualcom has a td9 count bottom so with regard to the smh's still everything is intact out here with the exception being intel but its close will be key to helping us understand what it's communicating to us but now with regard to all 8 of these instruments that make up a majority of the weighting inside the smh's are going to have valid bottoming signals that says come monday that should be kind of interesting out here so there's nothing else that i can see with regard to the ndx or the smh's semiconductor indices so i see we do have one question inside the tiger's den we'd love as many questions as we can get just to keep me on track here that track is just staying focused on these stock charts and what it is that you want and the question was mu and that is for in the zone so let's put it in we're just going to take a moment here to populate well actually i got to get to the stock chart screen out there mister bill is getting ready to pull out that 2x4 i felt it there was a breeze coming and luckily i caught myself so here we take a look at micron micron also has a td9 count bottom now price is trading back into that swing point that was that did generate that td9 count bottom that was from the trading session of april the 11th was 21 million shares you're pulling back right now with 10 million shares you're pulling back in that swing point with light volume you don't like that it hasn't been able to get above that red oscillator change line so i don't know if you're long or strong or weak or what have you but nice td9 count bottom on march the 15th you've got another td9 count bottom out here on april the 11th the price pulling back in that swing point with lighter volume but if price closes below that well the real level that price would have to take out for micron to say there's some major problems would be close below 68 34 and that's that low from march the 15th out there what else do we see 15 minutes as expect a rally td9 count bottom road's meant to be indicated bottom um price above the oscillator change line right now that i got a td9 count bottom on the 30 minute chart so micron is about ready to stage a rally that rally should take us up to the 71 40 to 71 46 level out there that's coming from our 15 and 30 minute time frame charts i don't really have anything else from any of the other charts out there so in the zone was that in the zone is that who that was i'm not sure i do hope that that information helps you out yeah i believe that was in the zone of course folks i would absolutely love to get some requests out let me just check oh m.o.s flip flip wilson let's take a look at mosaic out there so let's do that i see hector wants to take a look at the excel lead so flip we come to you first and that was mosaic and the question is is mosaic forming some kind of a top out here well let's go find out i'll flip let's give this just a couple of moments here to populate mosaic a a fertilizer stock out there sort of been on fire out here still on fire is trained by the top of its daily weekly and monthly profiles out there so that looks more bueno and very strong only bar number seven on a monthly basis out here so that says flip that longer term this looks good the weekly says bar number nine now on a td9 count top it can occur on bars eight nine the bar following nine so i would say maybe next week you know that could be a short-term top however the daily says this is going to become a td9 count top as well with Monday being the key level out there so flip let's do this hopefully you're listening on the show on Monday really Tuesday probably be the better of the days out there with regard to whether it's top or not so there's the potential we're topping signal before by well really between between yesterday and Monday that's on the short-term basis she wrote with cfnn you're right are you in the market for buying or selling real estate in the bay area including the surrounding st. Petersburg Tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David 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biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 666-476-7523 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 and active investors distributor foresight 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 welcome back folks let's go to our request here from Hector and Patty they are our fuel injectors and Hector and Patty right in happy Thursday Thursday absolutely Hector and same to you folks actually he's approaching a high volume high and so what Hector is looking at we're looking at the black background screens out here and we are looking at the trading session I believe what he's talking about is a trading session from March 8th and let me get my data box will be easy to see it as well the volume that was on that trading session was 98 million shares the high is 8022 we're at 8002 right now today's high has been 8014 so we're just camping underneath that swing point high volume today much lighter 13 million shares Hector's question is approaching out on a daily base with light volume is still is it still strong versus red flag the weekly time frame as well as that swing point with 365 365 million and you're only 96 million today so certainly lighter volume well let's try to go answer that so volume is only one aspect of trading out there it's only one stool you know if you want to just sit on one stool ok but we don't sit on one stool not during the trader's edge we go ahead we take a look at all of the tools to help us understand what the market is communicating to us this case in this case here it's the energy sector of the S&P 500 XLE the monthly time frame shows that we are in bar number seven of a TD9 count that's just that price wants to continue to move higher it's trading right now above 7911 this is a monthly time frame chart 7911 is a breakdown area and it's also taken out a TD9 count high or could be taking that out so on a monthly basis here this looks pretty good looks like it wants to get back those all-time highs for back in 2014 out there and that's the energy sector of the XLE that's the monthly chart the weekly chart you're above that oscillator and change line bar number seven Hector and Patty no topping signal there daily time frame no topping signal other than what you already pointed out now not only is the high volume high it also is bar number eight of a TD9 count so if price is able to close above that level even if it's on light volume and again that level is at 8022 that will bode well now you're in bar number six so you can envision even if you can clear above that potential TD9 count pattern that is could form late next week out there and that's coming from the daily time frame but right now price above its oscillator and change line such it should at least go tag that high is it a reason to jettison your positions I would say no you'd have to find some type of level of support for price to break through in order for that to happen what could those levels be well they could be breakout levels such as 7807 on the daily at the 30 minute that's a breakout level out there but some levels of support and we don't have that right now certainly why it's while it's up and it's all time highs out here but what we don't have Hector and Patty is we don't have the correlated topping signals even on the interday charts right now to suggest that as price is approaching that swing point with light volume that there's a top that's in place out here it's not on the 15 minute nor the 30 minute 65 could or will generate a TD9 count top within the next hour and a half or so that's the only one where I see any kind of a signal so yes it's approaching a high volume high it's on lighter volume but the XLE looks pretty strong out there and I guess the other thing that we'd want to take a look at here Hector and Patty just because it's an influencing factor would be light sweet crude I don't know if I've got my light sweet crude charts up I don't on the white background so what we're going to do is we're going to change screens here and we're going to go take a look at light sweet crude let's look at it for its multi timeframes out here give me a moment to get to that set of charts and see if there's anything that we can pick up on here so here we take look at these multi timeframes look at this you're above the top of the daily profile you're above the top of the weekly profile you're well above the top of the monthly and we don't have I don't have a way to get the quarterly out here at least not at the moment I guess I do but I'm not going to go through it so right now from a profile standpoint Hector and Patty this is in your yesterday and today you're above a descending trend line on the daily time frame so the moving lights we crude looks like it wants to continue higher and I think that that should bode well for the energy sector obviously Exxon mobile as well that's one of the leaders out there so that's what the charts are communicating to us I don't think that it's a red flag and you have a great buddy weekend as well out there yeah looking forward to it in fact once this show is over at 202 there's some beach time coming for Stevie out here I think the weather is going to be so so it looks like the guys in the back are working on the landscape so I think we'll just have to walk over to the beach and get a little bit of sun I hope everybody else gets to do the same thing out there so let me just check I don't believe there's any other request but let me just check and make sure and and Susanna wants to take a look at Bitcoin so let's take a look at Bitcoin how am I going to do that first got to figure out where I'm at okay so let me get to the Bitcoin futures contracts out here and then while we're talking about what those are showing us then I'll get my white background charts that set up for us Susanna so it's Bitcoin it's like where it should be like right in front of me but it's where did it go Bitcoin but here we go okay so now we're taking a look at Bitcoin it is still the April contract that is trading and Bitcoin is trading right now below support so support is let me get the white background charts going give me a moment if you would be kind enough to let me do that here maybe I'm lucky enough when I get over the radio show charts I've already got it and the answer is no not that lucky so let me get the BTC and it's April and it's 2022 so let me get those going so right now we're just looking as a left-hand panel chart you can look at either one you've got the April contract and the May contract is on the right-hand side both of them are trading below key levels of support in the case of the April contract that level Susanna is 40 032 we're trading at 39905 now this would only be day number one below the bottom of its profile it but still you close below that says you go back to at least the lows from a couple of days ago and you get in that same kind of signal information from the May contract as well okay so we've established on a daily basis that if price close below those lows they say they want to head to lower price the question would be to where and that is a great question so the 38920 level Susanna is you're going to be your real key level that is its TD nine count breakout area this has a TD nine count bottom and that says if you see a close below 38920 it's really not the close below that it would really be a close below 39190 but with 38920 having that daily breakout area right there that's the level that you should watch now what should take place is that Bitcoin should hold this area and not take out its TD nine count bottom and price and an oscillator and change line which is currently printed at 42 619 should test each other I'm not saying Bitcoin gets to 42 619 I'm saying that that line and price will test each other or should test each other but if price does close below 38920 then you're going to expect price to go tackle the other 2d TD nine count bottom from February 24th and that level is going to be the 34 515 area so that's what the white background daily time frame chart is telling us about Bitcoin let me see if there is anything going on in the intraday base that we need to pay attention to 30 minutes just saying still watch lower price 60 minute once lower price 39500 120 minute time frame says that it wants lower price 240 minute your trading at support 39804 out there and then a 5 hour chart is below support that says that it wants lower price so it looks like Bitcoin wants lower price out there the question is watch that TD nine count on the daily basis more so watch the breakout level 38920 so oh Susanna I hope that helps you out thanks much for writing in and you have a fantastic weekend seabroach with TFN we'll be back with a two minute wrap up so as we hear some commercials live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be at TFN and educating investors 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 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spend a little time here with our Nasdaq chart so we took a look at the NQ we looked at all four timeframes where our TAS market breadth dials to compare the number of benchmarks trading above the top of profiles for the timeframe and below those timeframes are 60 minutes 240 four hours daily and weekly out there and everything was in a bearish position now we take a look at the this multi time frame set of charts here for the NQ if you begin with just simply a five minute chart td9 count bottom rose meant to mitigate her bottom price getting right up to its breakdown resistance level 14 03375 so you know your first level of resistance 14 03375 your price able to clear that well the 10 minute has a td9 count rose meant to mitigate her bottom it's above the top of its profile and that says you get about 14 033 price will go run to 14 079 75 so now you got those targets 15 minute chart here I don't have anything maybe there's need to be equal cd but with the other time frame showing bottom signals we don't have to worry about that we go to 30 minute time frame chart same kind of signal out there resistance here is in 14 039 to 14 060 60 minute time frame forms a td9 count bottom as we come on the air right at a td9 count breakout level the oscillator and change line for it has changed colors this is suggesting that the oscillator and change on a price want to test each other and go you well is right at the 14 130 level price at 14 013 so the 60 minute the 10 minute the 5 minute are saying higher price the 5 minute says well I'm not going to say higher price until you clear 14 033 then you go up to 14 079 if you can clear 14 079 then you're up to the 14 131 level the 120 minute time frame chart which had a td9 count bottom prices pulled back to its breakout support level 13 993 support is held on the 5 hour time frame you've got that td9 count bottom with prices supported in the daily profile what's this suggest folks watch 14 033 75 you see a closing of that and that's your message as to what the market's intentions are going into the close stay tuned your favorite polar bears up next that's David White Tom and Brian will take us home have a fantastic holiday weekend folks I'll see you on Monday