 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now Steve Rhodes. Good morning, folks. Welcome to the August 16th. The terrific Tuesday 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 is having a great day. Hey, let's make sure we have an extraordinary one. The easiest way to do that is to always remember that life is happening for us, not to us. That's right. We do not make that one little two-by-four shift. Well, it means we can find the gift in every set of circumstance that life is going to toss at us. Now today, you and I, 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 just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here. I'm more than happy to report than that. And that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up that phone. Would love to hear from you. You can dial in 877-927-6648. Now if you can't tell, then we've got you covered there, too. You can always send me an email. Send it to Steve at tfnn.com. But inside that subject, if you'd be kind enough to put radio show questions. Of course, inside our Tigris, then, well, any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show right now. Mixed bag out there. You've got the Dow up 92. The trainees up 56. That's three-tenths and four-tenths, basically. To the downside, the rest of the markets. S&P's off 10 points, a quarter of a percent. NASDAQ 113 points, eight-tenths. Eight-tenths for the Russell, 16 points. One-and-a-half percent for the semis. That's 47 points. You've got gold trading out at $17.92. It's off $5. Silver's trading out at $20.14. Off 12 cents. Slight sweet crude back about $50. That's trade out at $87.30. Natural gas is up $0.39. A big move there. $9.10 is the print. 30-year treasury. It's off 26 ticks. She's trading out at $1.40.23. Lean the charge. Dollar-wise to the upside. You've got Fabrenais. It's up 13 bucks or 13 percent. Home Depot, about 13 bucks or 4 percent. Alta Beauty, 11 bucks. That's nearly 3 percent. Massimo Corp is up nearly 9 bucks or 5 percent. Arch Resources up 5. And Walmart is up 5 percent as well. That's 7 bucks to the upside. Mercado Libre is the shaker. It's down 36 bucks, 3 percent. Idex Laboratories, 15 bucks, 4 percent. Microstrategy, 15 bucks and chains, about 5 percent. Hubspot, 13 bucks, 3-tenths, 3 percent. To the downside, Illumina is off 5 percent. That's off 12, 50. She's trading out at $214. And it changed out there. So where do we want to begin our day? Let's begin our day. Let's take a look at the equity future charts out there. So let's go look at the daily screens. Give me a moment. We'll get over to there. We'll take a look at the ES, the NQ, the Russell, and the Adile, which is in the lower left-hand corner. What you'll notice is that we are in bar number 5 for the ES, for the NQ, and for the Dow. The Russell, one day ahead, is in bar number 6 today, or could be bar number 6. Now, what we're watching for here as well, if you look at the lower right-hand chart, if you look at the upper right-hand chart, the lower right now show bear-sash candles. In order to generate a bear-sash candle today, price has to close below yesterday's open. So for the NQ, let me give you that number out there, and you want to take a look at this at 5 o'clock at night. That opened yesterday was $13,571.50. You don't close below that. You don't get a bearish reversal candle. The reason why that's important is because if we do get a bearish reversal candle, then that creates a sell-the-de-point pattern. Now, that sell-the-de-point pattern, should it occur, would take us back to the top of the profile and that green-auster and change line, 7 to 13,419 area. The Russell 2000, a similar set of patterns out there. In order for the Russell 2000 to generate a bear-sash candle today, it needs to close below 2016, 2016. You're trading at 2008 right now. If we get that, then that's going to signal that the Russell should pull back to its auster and change line, currently put in 1966. In any move below that, we would then see a price target of the top of the daily profile, old resistance, which may become new support. But we have to wait till the end of the day. If we look at the Dow out there, the Dow is not even threatening to consider a bearish reversal candle, at least not at 11-11 in the morning. I think we ought to go to the Crap Stable there. And if we look at the ES mini, just an inside bar as we speak right now, really narrow price range out here for the S&P or the ES mini, really narrow price range for all of these. So, short of a bearish reversal candle that forms out there, price should continue higher. The most likely pattern out here is that we get TD9 count tops that set up a short-term top out there. But that can't possibly occur until sometime next week. So, nothing to be dealing with as we speak right now. Five, six, five, six, seven. Well, Friday could get bar number eight. So, we'll pay attention to that out there. But right now, how do we summarize this? We don't have a uniform. We do not have an agreement by all four of these equity future contracts out here. So, it's really kind of a mixed message, kind of like the mixed bag. We took a look at the markets out there. That's right, mixed bag out there. So, no real conclusion. But can we draw any other kind of conclusions from this? Now, that's a great question. And let's go see if we can answer that question. So, let's go switch over to the ES mini charts out there. So, if you give me a moment here, we'll get to the ES mini charts. Now, we're not taking a look at the long term, we've just got the daily and all the intraday charts out here. So, we take a look at the ES mini. What are we going to notice out here? Well, I'm going to notice two things. The first thing I'm going to notice is a 30-minute timeframe chart. The 30-minute timeframe chart formed a Rosemont indicator top. It did it at 4 p.m. yesterday when it generated that dark cloud cover candle, that various reversal signal. Then, what's transpired since then is prices made its way back to its breakout level. 13, 5, 34, and a quarter. Now, there is an A to B equal CD to the downside. It was more than a one-to-one. And that was confirmed or it appears to be confirmed. Here we need still another 18 minutes left in this session. But it looks like that is generating A by the D point. What that says to you and I is the NQ should go target that oscillator and change line. And that's at about the 13, 6, 31-ish level out there. If we look at the 15-minute timeframe chart, that's confirmed because you've got a TD9 count bottom. That says, watch 13, 6, 0, 1-ish. If price can close above that red oscillator and change line, that's what will get us up to 13, 6, 31 area. Just looking at the other chart, see if there's any other signals worthwhile to discuss with you. The answer is there. Well, I would look at the TD9 count on the 240-minute chart and the TD9 count on the 5-hour timeframe chart. Both of those have taken price back to support. And support there, both of those have bullish structured profiles. They're in the 13, 5, 16 area. That's the bottom of those profiles. So price is pulled back to a level of support out here. Now it's time to watch to see how price deals with resistance levels. In those first resistance levels, the 15-minute chart we took a look at. That's where price is up right there. The next one is going to be at that 13, 6, 31 level. So that's the end. I know I said the ES. So now let's go ahead and actually put the ES up here and we'll go take a look at its chart patterns, see what it has to share with us. So just give this a moment to populate. Again, we want to look at the same kind of thing, which is what's really going on in the intraday charts. We already covered the daily with you. So on an intraday timeframe out here, you can see the NQ. Of course, the ES is not fully populated in a 30-minute timeframe, but it appears that the NQ was the weaker of these two. Well, that just makes sense if you take a look at the move lower. I'm just waiting for that 30-minute chart to form out there. So no bottom pattern or signal out there and well away from its breakout area. So it looks like it's the NQ. So as I look at these charts here, just momentarily, you do have price on the 120-minute chart, which has an arrangement indicator top, getting back to support at that 42-82 level. But I really think it's the NQ that's going to drive the markets more than the ES. We'll be right back. Blooming inflation, we have purchasing powers eroded. There's no better place to protect your harder and money than in gold. This is the gold's flagship asset, is the Mount Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. 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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, creator of the 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 in 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 days of signing up. tfnn.com Educating Investors 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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So as we look at these white background charts out here, you're going to notice an A to B equal CD pattern that is underway out there, a TD-9 count that was negated. You are in bar number seven and you are wave number seven as well. So there's a potential for a short-term top to form out here. I say the potential, first with regard to wave number seven, you need to have a lower high, so the earliest that could confirm could confirm would be tomorrow. Bar number seven, that says you could get a TD-9 count top between Wednesday and Friday out there. So that's something to consider on the daily timeframe. When I look at the weekly timeframe and I look at the monthly timeframe, more so the monthly timeframe, this is in full breakout mode. What I mean by that, of course, it's still early in the month. It's only the 16th, but as we speak right now, this is negating a monthly TD-9 count top out there. So then where is price headed to? We have the short-term and we've got the longer-term. Let's go switch over to our black background charts. Just easier for me to draw in, which I've already done, the A to B equal CD pattern out there. That's on the very left-hand side that's a daily timeframe. So at a minimum, you've got a one-to-one price objective of 172.32, but I would say that's not where price is headed to. I would say it's 180.56 or thereabouts. Why? Because if we look at that C to D retracement or B to C retracement out here, it was a, it's only a 28% retracement, which I like to use something that's at least a 38% retracement out there, but a very shallow retracement. So that says it's likely that's more than a one-to-one A to B equal CD. And that is also confirmed by the breakout that we have, a consolidation breakout on the weekly timeframe chart. And that suggests that over time, price is going to go target that 180 area. So we've got two patterns out here, one on the daily, one on the weekly, two different patterns. They both come up with the same thing, but again, short-term-wise, you could see a short-term top that would form by Friday of this week and then a pullback and a retracement. We'd have to take a look at if there's any new profiles at that time that the oscillator and change line is headed to, but Cheneer Energy, LNG, looks awfully tasty out there with regard to where things are headed to. So hope that helps you out and thanks so much for the request. Next request coming in from Zee inside the Tiger's Den, he wants to take a look at the GDX. Let's just stay with the black background screens for the moment. We can switch over to the white background screens as well, see what they are signaling to us. When we take a look at the monthly timeframe chart, I'll expand this out, John. This is a chart that I love because I made it. No, it's a chart that I love just simply because of the pattern. So we can take a look at the nice rising price channel that is established by the green diagonal lines out there. With inside a rising price channel, you can get a falling price channel, and that's the red diagonal line, so that's what we got. Price came right back, this is a monthly chart, completed a one-to-one move. That was at the 2465 level. Now, what is needed at the end of the month because it's an A to B-equal CD pattern, it needs a bullish reversal candle. If it doesn't get that, then we don't have a confirmed monthly currently buy or buy the D-point pattern out there. If price were to move below this rising trend line, then, John, the next price target would be 2210 to the downside. That is the bottom of the monthly profile. But right now, things are looking pretty good pattern-wise. So let's go look at the weekly timeframe chart. So here's what we know about the monthly chart. It showed the A to B-equal CD pattern in the downside. So the weekly is going to have that same thing. And on a weekly basis, John, you did get that bullish reversal candle as a bullish engulfing. That took place the week that began July the 25th out there. And now we have a new profile that formed this form last week. And so our consolidation zone, so to speak, is within that profile. That would be between the price level of 2510 at support and 2799 as resistance. So what you're looking for here is for price to clear 2799. Does that have to do with this week? No. What you really like and you can't see here is the daily price action really from yesterday because what it did was it negated a potential TD9 count. So we don't have any kind of count, any kind of TD9 count or any kind of topping signal inside the daily timeframe out here. What we do have is price consolidated with inside its daily profile. So you've got resistance at 2735, 2799. That's the key area where price needs to be able to get through. Support is in the 2510 to 2552 level. Let's go switch over to the white background charts, see if there's any additional information I can share with each of you out there. So momentarily we'll have those up on the screen. Monthly chart, not much to tell there. The weekly chart, nothing else to tell on the weekly chart. We've already done that. On the daily chart, you do have a confirmed arrangement of indicator bottom. 195-minute chart, a TD9 count top out here. This says that GDX could pull back to 2582 or 2545. No topping signal on the, no, that sticks out at me on the 130-minute chart or the 65 or the 30, yeah. So short-term wise, you know, it's a 15-minute chart, believe it or not. You got the GDX nice TD9 count top and it's 195-minute chart. So in the case of the 15-minute chart, price pulled back and test that key level of support of 2638. So I'd say you want to watch that during the day, so it's a 15-minute time frame. If price were to bust through that level, then that's a signal of a move to 2552, 2579 is a take look at the GDX charts. So John, Mr. Z inside the Tiger's Den. I hope that helps you out. Thank you so much for the request. Let's go to the next request. This one is coming in from ELO, Electric Light Orchestra inside our Tiger's Den. And ELO wants to take a look at Walmart. WMT is the Turkish symbol. Let's get that up on our screen out here. I'm going to get that going on my black background screens as well, see if there's anything that pops out at me. So you got a nice gap to the upside today inside of Walmart. Price is trading well above the top of its daily profile. It is above the top of its weekly profile. And you can see from a monthly standpoint it's consolidating or it's trading with inside that. So the upside target here will go defer to the monthly time frame ELO. And that's going to be a move into the 144-43 to 147-31 area. That's the green oscillator and change line. And then the top of the monthly profile. On a daily basis out here, you've got an A to B equals CD pattern to the upside. We'll go take a look at that. You already have the volume taking out the B point. The B point, by the way, out here is going to be the trading day if you under your A to B equals CDs at home. That's going to be the high from August the first out there. So you've got a confirmed A to B equals CD to the upside. The daily time frame is suggesting that price may want to gravitate towards its TD-99 breakdown area. And that's in the 153-95 range. The 154-99 range is where the weekly chart is suggesting it wants to head to. And we already covered the monthly, which was in the 144-147 level. So let's go switch back to those black background charts. That way we can draw in the A to B equals CD pattern, get a couple of different price projections out here. So let's open up the daily time frame chart. Let's do the conservative A to B equals CD pattern. So when I say that, so the question is, do we start with the swing point from May the 20th, which absolutely is correct and we could or we should out there? Or do we start with the swing point from the move here from July 26th out there? So either one would work. I'm just going to start with the one from July 26th as we speak. So on July 26th, that's our low out there. The high is going to be that August the first high, the retracement into a low that formed on August 5th. It was about a .618 retracement, 64%. We're already, we've gapped up to the 1 to 1 level, 139. This suggests that the next price target is the 143 range. So that now gets us to a 1 to 1.272 A to B equals CD to the upside. That's tied into the monthly time frame chart, where we suggest about the 144 range. So it does look like Walmart head and higher. 143.14, 148.05. Those are the price ranges. Steve Rhodes with TFNN. I'd love to hear from you folks. Steve at TFNN.com or give us a call. 877-927-6648. 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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 TFNN.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 TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. For more information, just click the thinkorswim banner on the front page of TFNN.com. Holy schnikes out here. Now, this is kind of an interesting pattern here with regard to Walmart. I'm gonna draw a rectangle around an area. Oops, it's about this area right here. I can move it up just a tad higher. What do you folks see out there when I draw this pattern in here? What do you see? Yeah, an island bottom. Actually, it is a gigantic island bottom. I don't know if I've ever seen an island bottom like that. Now, price needs to stay above the high from the trading session of May the 17th out there. That high is 137.44. As long as that's in place here, I mean, that's a very bullish pattern. Now, you really like to see that pattern at some significant lows out there. That's really not what we have necessarily, but an island bottom is still an island bottom. That's what Walmart has out there. It most certainly does suggest higher price like we took a look at before we went to that break. Let's go to our next request out there. This one coming in from Nancy. Fancy Nancy who wants to take a look at Microsoft. What screens do I have? I forgot the black background screen. Let me go over here. Let's put up Microsoft. What do you know about Microsoft? Well, the first thing that we know Nancy, I know you've got a long call position out here. I don't recall one that expires out here, but I know you were looking at short term. So if you're in the money here, then the weekly chart is suggesting, okay, now is the time to take your profits. Why is that? Well, you can see that prices run into resistance at 294.51. I don't know whether we'll take that out. Resistance is resistance, but that is most certainly something to consider out there. But that's your, that's your battleground. Now, look, if price can overtake 294.51, that would be a beautiful thing. Do I have anything in place to suggest that it can't or that it won't? The answer is I don't. And if price could close above 294.51, then that would, the signal would be that price should make its way up to the 349.67 level. Out there. So how do you come up with that? If price can take out that weekly resistance level, the TAS profile, then we switch over to the larger timeframe, the monthly timeframe. We can see that price with inside a bullish structured profile. It is trading right now above the center of that bullish structured profile, 285.67. And that would then suggest they move up to 349.67, but not until price takes out 294.51 and you're more interested in the short term. I don't have a, I will do it to your momentarily. If you give me a moment, which I know you will, you don't have really a choice out there, but here is the daily, weekly and monthly timeframe. It's just, again, is there anything else out here that says, hey Nancy, be careful? Well, turns out on that weekly chart, 293.30 is a TD nine count breakdown level. So you have got two resistance areas, I am not saying they can't fail. It's just their prices up at resistance. You're on a short term leash out here. You may have some nice profits in it. And so this is saying, okay, time to consider taking those profits off of the table. If we look at the daily timeframe chart, that's not its signal, but resistance is resistance. What is its signal? Well, you're only going to form bar number five today. You negated a TD nine count pattern a few days ago, two, three days ago out there. That suggested a once higher price. It's just that you're up at this resistance zone. So let me just do this your work. I'm just going to look at a 30 minute timeframe chart. I'm actually just going to go ahead and do a new chart here. As soon as I can, new chart Microsoft MSFT. It's on a different screen. I want to get the 30 minute chart out here. Just take a look at that. So give me a minute. Give me 30 minutes. Give me 30 days. And then let me get to the template that's got that actual chart on there. All 30 minutes. So I'm just going to take a look at that short term chart. I'll bring that over to the screen here momentarily so that we can take a look at Microsoft. We're just looking for any kind of signals here to assist Nancy with the trade because as price hits resistance for whatever the time period is, then we want to start diving down into smaller timeframes to see if they are signaling some kind of a top. And it turns out that if we take a look at the 30 minute timeframe chart for Microsoft, it has confirmed a rogment of indicator top. And it did that when price gap down here Microsoft's at this morning. It's 30 minute chart. Yeah, so it must have been at the open this morning. When price gap down. Now confirm that pattern. Now price is back up on top of its breakout of 291.58. So what I can't tell is whether this is trying to set up an A to B equal CD to the downside on a short term timeframe Nancy. But on a 30 minute chart, that's what we've got out here. We can change that from a 30 minute to a 65 minute. That's one of the charts. And you've got a TD9 count top here. Yeah, so the signals even, you know, I haven't done a thorough, thorough review. You need to do that out there. But if you're wondering this price in Microsoft up at resistance, the answer is absolutely positively yes. So I do hope that analysis helps you out. Thanks so much for the query and have a great day. The next question, last question actually that I've got in the queue at this stage of the game is go take a look at Apple. So let's go switch over to our other set of multi timeframe charts out here. Oops, didn't mean to do that. I meant to do this. Let's get that set of charts out here. This is for MKC inside the Tiger's Den. So take a look at Apple. Apple right now is trading above on a monthly basis. It's green on a certain change line on the top of its profile. That suggests it wants to go make a run for that high out there from January 22nd. That high is in the 182.94 level. Weekly timeframe, last week price closed above the TD9 count breakdown resistance level at 171.53. We're still above it. Got to form bar number seven this week. This suggests that Apple wants to likely move higher for the next couple of weeks out there at a minimum next week or the week after. One of those two weeks should take out the highs of this week. And if that occurs, that would then set up a weekly TD9 count top. Is that important? Well, if we just simply open up the weekly chart out here, what was the pattern that formed that identified the top first on a weekly basis? Well, it was a TD9 count top. That was followed up by a rogment and indicator signal. What formed at the bottom? A TD9 count bottom. So what do you think? If Apple forms a TD9 count top for the next couple of weeks, you think it will have any kind of meaning out there? Well, it had meaning to Stevie. It may not have meaning to you. If we look at the daily timeframe, we can see that price negated as TD9 count top. But did that four trading sessions ago? So things still look bullish here. Short-term wise, you could see a short-term top. This is 5, 6, 7, 8 between Friday and Wednesday of next week out there. So that's what I see when I look at the charts here for Apple just on an intraday basis or anything of significance here. Nothing of major, major significance that I see at this stage of the game. So MKC, I hope that helps you out with regard to Apple and thanks so much for the request. Let me go take a look and see if there's any other requests that have come in here at this moment in time. The answer is... I'm going on phone. There we go. Yep, we do. We've got Hector. Oh, we got LB. LB was first in. LB wants to take, like, a ticker symbol, NU. So just simply because it populates quicker, I'm going to go to the daily, weekly, monthly. NU is what? Newcore, I believe, or something like that. Is that what it is? But LB's question is, you got it on Friday at $4, wondering about the short and long-term potential out here, trading out at $5.51. There's no holdings out there. So trade above the top of its daily profile. You like that. You've got an A to B equal CD to the upside. That is underway. That says only a bearish reversal candle would give you pause. You have a Rosemont Dominicator bottom on the weekly timeframe. Bar number seven says that price wants to go target the $7.69 level. Really not enough information that's had been trading long enough, really, to generate any kind of good signals from the monthly timeframe out there. So this looks like it wants to move higher. $7.38 could be a price target. Let's switch over to the black background charts. There we can draw in the A to B equal CD pattern that is underway and gave you some price targets there as well. So momentarily we'll have that up on the screen. We'll just simply expand this chart out and we'll go take a look at that A to B equal CD pattern that is out here. So where is the low? Where is the low? Looks like the low might be back here. That is $3.26. What is this low? $3.26. So we got the low out here for our A point. We're going to start with the low from the week. This week this is a daily chart from June the 16th. Our B point is going to be the high from July 21st and that C point, oh, $3.79, $3.77. Going to be the low from July 27th out there. Let's get that going. So you're already at the 1 to 1.272 level. The next upside price target is $6.08 above that $6.63. Steve Rhodes with TMN. We'll be right back. 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, selective stocks and commodities, subscribe to 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 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 in 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 days of signing up. tfnn.com Educating investors The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. 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Back at you. Amazon has a beautiful island bottom as well. Hmm, something to think about. And Hector is absolutely correct. So we've drawn in that, the island bottom pattern. So we've seen one in Amazon. What was the other one that we saw one in? Hmm, can't recall out there. But so this island bottom here Hector, just to give you an idea of where price is likely headed to. It's also a consolidation breakout. So all we need to do is take that consolidation area, copy it, paste it, move it up top out here. And that'll give us a consolidation breakout price projection area as to where Amazon may be headed to. And that's in the 157.62 area out there. Price is trading above the top of its daily profile. Let's go switch over and take a look at our other charts out here. You're above both the daily profile, the weekly profile. And you're within side the profiles for the monthly chart out there, bullish and structure. That suggests to move up into the 177.99 area. So we've got about the 157 to 177 area. And Walmart had the island bottom as well. Thank you, G-motion out there. Let's just go switch over to the white background chart. See if there's anything else out here that we need to pay attention to with regard to Amazon. In the case of Amazon, it actually has right now a confirmed rogement indicator top out there. Well, hold on a minute. I take that back. I take that back. It does not. Price is trading above the top of its daily profile and above its green oscillator and change line. Looks like it wants to head higher. Week number seven, bar number seven for Amazon on a weekly basis, kind of tying into what we looked at on the Apple out there. That suggests another rally here to last for maybe a couple of weeks. And again, 154 actually is a price target. That's the monthly oscillator and change line. So even though you didn't ask for that, Hector, I thought it would go ahead and point out that information. So nice spotting to you. Thank you for having our backs here at TFNN. You and Patty have a terrific taco Tuesday as well. We got a couple of questions from inside the Tigers den. Let's go to the first, the second one first. And that was from Duncan Steve. And Duncan wants to take a look at a Fortnet. FTNT is the ticker symbol out there. The reason I wanted to bump him up is because InnoVisual wants to take a look at the NQs. So I'm just going to wait until we get a little bit closer towards the end of the show. We'll just do that here after we take a look at Fortnet, which right now it's pulled back in its testing support. Stevie, and that support level is the bottom of its profile. That's at 5243. If that level fails, now let me just go over to my other charts real quickly. DKN, I'm sorry, FTNT out there. FTNT, I just have to learn how to actually use my fingers to type. I just wanted to check in on the volume. So you're at 1.5 million shares today. Last time price was down here was 11 million shares well on August the 5th. So Fortnet should be able to hold this profile level of 5243. Now if it doesn't, then it should go test that swing point from the trading day of August the 5th out there. That was the one that has that 11.7 million share day. So if you can't bust them down, price should try to bust them up. But we can't get that message until price rejects that swing point. And that requires a close above 5345. If we don't get that, then we don't have any kind of confirmation out there that it couldn't bust them to the downside. It just might be saying it's going to go ahead and try to make that run again for that profile level, 5243 or worse, that swing point from early August out there. The weekly time frame chart. Rogement to indicator top, which took back, which took price back to its breakout here at 50 even Stephen out there. That is held. Is that a bottom pattern? Is there an A to B equal CD for that time frame to the downside? I don't really think so, but it could be. Let's just, let's take a look at it. Here's the A to B point. Let's draw that in there. And we're just going to simply, so is this the A to B pattern out there? A to B equal CD. We're going to take that A to B line, move that over to the C to D area out there. And yeah, okay. So we could say that we've got a buy the D point pattern that took place at 50 bucks even Stephen. So you do have a nice bottom there on a weekly time frame chart. But price must continue to close above 50 bucks. Otherwise you've got trouble in River City. That trouble would take you down to 4874. That's the bottom of the monthly time frame. Out here. So with regard to four debt, it almost just looks like a sideways to lower type consolidation out there. So Stevie Duncan, Steve, I hope that helps you out. Thanks so much for the request and have a terrific Tuesday as well. So now let's go to the end cues. We're going to hold off on that because we got another question. We're going to try just to save that towards the end of the show. It's not just the last segment out there. Tim, let's take a look at the GRBK. That is Green Brick Partners out there. Please take a look at support resistance levels on a daily and a weekly time frame. So momentarily out here, Tim, we'll get this up on our screen. GR again, BK is what we're looking at. So support was one of the levels you were looking at. The daily time frame of support is the Saucer and Changeline 2951. Support on a weekly time frame 2529 to 2441. So you're not interested in that as we speak right now. Resistance. Resistance is going to be the highs out here from the week that began or end of December 17th. That's because that confirmed erosement to Minicator Top. That was a dark cloud covered candle. That says resistance is that high. And that high is 33 and a quarter. And price is likely to head there because we've got price above the top of the monthly profile. So the weekly looks bullish. The daily looks bullish. And the monthly looks bullish as well. The GRBK wants to take a run for those high. You're looking for an entry for a long position if it presents itself. The only thing you can see on this daily time frame, so it'd be a momentum trade, you can see how each time price has pulled back and tested that green oscillator and Changeline, it has rejected it as well 2950. But do remember, you've got resistance. Not that far up ahead. I don't know if the reward risk is going to make sense for you. You've got to figure it out yourself. That's at 32 and a quarter out there. So that's what's going on. We take a look at that green brick partners out there. And that was for Tim M. All right. So now let's go ahead. We've got a couple of minutes left in this session here before we go to a break. Let's go take a look at the NQ out there. There's the ESMini, but let's go take a look at the NQ. This is for InnoVisual. NQ, we've got the September contract. Let's go ahead and this will take just a moment here to populate. Is there anything specific that you wanted? Because if you can check out the Qs or NQs when closing out the show, that would be great. So we're going to close out the show just a tad earlier, early here, I should say. So the NQ, the one thing that you're looking for is where does price close today? And then, InnoVisual, your price closes below yesterday's open. Yesterday's open on the NQ is $13,571.50. Your price closes below that. You will get a bear sash candle. That will suggest that price will get back and test its green oscillator and change line. That is currently printed at $13,385. We've got a CD9 count top on the five-hour timeframe. You're probably still able to take out that high. That high, by the way, is $13,706. That pattern will get negated and says we had higher. In fact, it will take out the top on the five-hour chart, the four-hour chart, the two-hour chart, the high from the 60-minute chart, the erosement to indicator pattern on the 30-minute. It will take out all those highs. It suggests that we move higher out there. So what else are the NQs telling us out here? What are the NQs telling us? You see on that 30-minute basis, price had pulled back. We covered this earlier in the show, pulled back. Tested the $13,534 level. That was the CD9 count breakout area. That was a confirm by the D-point pattern. Price right now is back inside its profile. So the next level of resistance for the NQ to the upside is $13,665.85. And above that, $13,681.75. That's what's going on in NQ LAN. That was for InnoVisual inside our tiger stand. Seabroach with TFNN would be back in just a few. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million-ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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, selective stocks and commodities, subscribe to 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 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 in 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 days of signing up. tfnn.com Educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com Educating investors. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders, just visit the front page of tfnn.com. Good back, folks. So I got this chart up here on the screen. Really, it's four charts out there. It shows you how the Dow is trading both in dollars, euros, yen and pounds. I guess I shouldn't have said both. But if you take a look at this, we're at new all-time highs for the Dow priced in euros. We are at new all-time highs now for the Dow priced in yen. We are at new all-time highs for the Dow priced in pounds. So if you're wondering, why is the Dow moving higher out there? I can tell you that 75% of the traders around the globe out there, just using four charts here, four currencies, each with 25% equality, so to speak, out there. 75% of the traders out there see the Dow in full breakout bullish mode. Eight sellers, not a chance. That doesn't mean we're not going to see a top out there. But what this does do is this bodes well for the long term. What I mean by that is we will see the Dow priced in US dollars at new all-time highs out there. When is the question? I've got an idea, but we'll take things one step at a time. Let's go switch over and finish out the show for Nancy taking a look at JNJ out here. So we'll get our eight-panel multi-time frame charts. Look at the monthly chart out there. Consolidate with inside the profile. The weekly time frame chart for JNJ shows a key level of support that needs to hold. That's at $160,341. You've got a TD9 count bottom that is likely going to form on the daily timeframe. That will confirm today. That should take price up to its oscillator and change line Nancy. That's at $168.58. If price can close above that, then we're looking to move to $170.05 out there. Look at some of the intraday charts out there. It's got a nice bottom. So does the 30-minute, so does the 15-minute chart. So it does look like Johnson & Johnson wants to at least make it move to $168.58 and perhaps $170.05. So Nancy, I hope that that helps you out with regard to your request out there and hope that I was able to get to all of the requests that have come in. If we, as we close out the show here, let's just take a quick peek at that nine-panel market update chart. See if there's anything of significance that will show up on that. So we'll get that populated here as we come into the close. Still got that U.S. dollar index. She's at resistance, and that's at top of that daily profile. That's $1.0658. So I'd watch that level out there. That's about it. So folks, thanks so much for joining me on Terrific Tuesday. You have a great day, a great afternoon, and I'll see you tomorrow, 11 o'clock sharp. Take care.